Fertilizers & Chemicals Travancore Ltd. (FACT) AI Stock Analysis

• Market Cap: ₹521.99B
• Dividend Yield: 0.04%
• Average Volume (3M): 14.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.34
• Revenue Growth: 11.11%
• EPS Growth: N/A
• Country: IN
• Employees: 1,523
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): -1.05
• Shares Outstanding: 647,071,960
• 10 Day Avg. Volume: 10,551
• 30 Day Avg. Volume: 14,957
• PEG Ratio: -14.90
• Price to Book (P/B): 30.32
• Price to Sales (P/S): 10.26
• P/FCF Ratio: 252.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹935.00 ▲(3.00% Upside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is mainly supported by strong cash flow generation and improving operating performance, but is held back by balance-sheet leverage and inconsistent profitability margins. Technically, momentum remains mixed (negative MACD and below the 200-day average), while valuation is helped by the dividend but clouded by a negative P/E.

Positive Factors

Revenue Growth Trend

A ~30% reported revenue growth indicates expanding core sales and stronger top-line momentum. Durable revenue expansion supports reinvestment in capacity, improves operating leverage potential, and provides a multi-month runway for margin recovery and strategic initiatives if sustained.

Free Cash Flow Generation

Consistent free cash flow growth demonstrates effective cash conversion from operations. Strong FCF supports debt servicing, targeted capex, and working capital without relying solely on external financing, improving financial resilience over a 2–6 month horizon and enabling strategic optionality.

Essential, Demand-Stable Business

Fertilizer production ties the company to structurally steady agricultural demand. Essential nature of fertilizers generates baseline volumes and policy support that can sustain sales through cycles, giving the business a durable revenue foundation versus non-essential industrial peers.

Negative Factors

Reliance on Debt Financing

Material leverage increases financial rigidity and raises interest and refinancing exposure. If earnings or cash flow weaken, servicing debt could force cutbacks to capex or working capital, constraining growth and elevating insolvency risk over a multi-month stress period.

Profitability and Margin Volatility

Variable operating margins reduce earnings predictability and hurt long-term planning. Margin swings suggest sensitivity to input costs or utilization; if recurring, they can erode cash flow consistency and impair the company’s ability to sustain investments or service debt reliably.

Exposure to Regulated Pricing/Subsidy Risk

Dependence on government-administered pricing and subsidies creates regulatory and collection risk. Policy shifts or subsidy delays can materially alter realizations and cash receipts, producing structural revenue and margin pressure that persist for months until policy or receivables normalize.

Fertilizers & Chemicals Travancore Ltd. Business Overview & Revenue Model

Company Description

The Fertilisers And Chemicals Travancore Limited manufactures and markets fertilizers in India. The company operates in Fertiliser and Petrochemical segments. It offers complex fertilizers, including ammonium phosphate and sulphate and zincated factamfos; straight fertilizers, such as ammonium sulphate; organic fertilizers; bio-fertilizers comprising azospirillum, rhizobium, and phosphate solubilizing bacteria; and bagged gypsum. The company also provides caprolactam for use in manufacturing nylon tyre cords, nylon filament yarns, engineering plastics, etc.; and by-products comprising anhydrous ammonia, nitric acid and soda ash, carbon dioxide, gypsum, and sulphuric acid. In addition, it imports fertilizers; and offers various services for farmers. Further, the company engages in the engineering consultancy, design and fabrication, and erection of industrial equipment activities. The Fertilisers And Chemicals Travancore Limited was incorporated in 1943 and is headquartered in Kochi, India.

How the Company Makes Money

FACT primarily makes money by selling products it manufactures, with revenue driven by (1) fertilizer sales and (2) industrial chemical sales, plus any ancillary income from services linked to its manufacturing base. 1) Fertilizer sales (core operating revenue): FACT produces fertilizers and earns revenue by selling them into the domestic agricultural market through institutional and dealer/channel distribution. In India, fertilizer economics and realizations can be strongly influenced by government pricing, subsidy, and nutrient/policy regimes; to the extent FACT’s products fall under subsidized/regulated categories, collections may include a mix of customer payments and government-linked subsidy receipts. Specific product-wise or subsidy-share breakdown for FACT is null. 2) Industrial chemicals and related products: FACT also sells select chemicals produced as part of its operations. These sales generate revenue from industrial customers, with pricing typically linked to commodity/industrial demand conditions and input costs. A detailed list of chemical product lines and their individual contribution is null. 3) Other operating income tied to manufacturing operations: Companies in this sector may generate additional revenue from by-products, job/contract work, utilities/handling, or other plant-related services; FACT’s specific material ancillary streams and their scale are null. Key factors affecting earnings include selling prices (and any administered pricing/subsidy mechanisms), volumes sold, plant utilization, and input costs (such as energy and raw materials). Specific significant partnerships, long-term offtake arrangements, or customer concentration details are null.

Fertilizers & Chemicals Travancore Ltd. Financial Statement Overview

Summary

Financials show solid revenue growth and improved profitability supported by strong and growing free cash flow. Offsetting this, the balance sheet indicates meaningful leverage and margins (EBIT/EBITDA) have been volatile, raising sustainability risk.

Income Statement

The company's revenue has shown a consistent upward trend, increasing significantly over the years. Gross profit margin has improved from a negative position, and net profit margin is stable, reflecting operational efficiency. However, fluctuations in EBIT and EBITDA margins indicate varying cost controls and potential volatility in profitability.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, indicating reliance on debt financing. A consistent increase in stockholders' equity suggests improved financial health, but there is still substantial leverage that poses a risk. The equity ratio indicates a balanced structure between equity and liabilities, though improvements are needed to enhance financial stability.

Cash Flow

The cash flow statement shows strong free cash flow generation with consistent growth, highlighting efficient capital management. Operating cash flow to net income ratio is healthy, indicating good conversion of profits into cash. However, fluctuations in investing cash flows suggest variability in investment activities, which could impact future cash positions.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	46.75B	40.51B	29.43B	31.56B	27.19B	22.42B
Gross Profit	11.55B	11.77B	-14.00B	-17.42B	15.95B	3.76B
EBITDA	4.16B	3.36B	3.17B	8.90B	6.15B	6.18B
Net Income	1.04B	412.30M	1.46B	6.13B	3.46B	3.50B
Balance Sheet
Total Assets	66.77B	59.81B	58.15B	54.34B	47.39B	33.67B
Cash, Cash Equivalents and Short-Term Investments	22.22B	30.30B	25.90B	444.37M	2.57B	18.67B
Total Debt	38.67B	18.05B	18.10B	18.42B	18.38B	18.22B
Total Liabilities	53.02B	46.11B	44.39B	41.60B	40.77B	35.44B
Stockholders Equity	13.75B	13.71B	13.76B	12.74B	6.62B	-1.75B
Cash Flow
Free Cash Flow	-1.81B	1.65B	1.24B	5.45B	879.63M	9.88B
Operating Cash Flow	-1.42B	1.40B	2.78B	6.38B	1.52B	10.21B
Investing Cash Flow	2.65B	-2.82B	2.14B	-7.65B	-1.57B	-8.54B
Financing Cash Flow	-40.02M	-750.51M	-1.06B	-44.85M	84.89M	-361.25M

Fertilizers & Chemicals Travancore Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 907.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FACT, the sentiment is Positive. The current price of 907.75 is above the 20-day moving average (MA) of 764.65, above the 50-day MA of 805.10, and above the 200-day MA of 901.68, indicating a neutral trend. The MACD of 1.75 indicates Negative momentum. The RSI at 60.27 is Neutral, neither overbought nor oversold. The STOCH value of 75.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:FACT.

Fertilizers & Chemicals Travancore Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COROMANDEL	74 Outperform	₹578.32B	33.00	―	0.50%	32.88%	75.74%
GNFC	70 Outperform	₹61.44B	12.10	―	3.68%	-7.53%	42.74%
GSFC	68 Neutral	₹61.62B	11.49	―	2.80%	15.25%	26.49%
CHAMBLFERT	62 Neutral	₹165.34B	8.23	―	2.13%	19.70%	22.23%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FACT	61 Neutral	₹521.99B	-217.25	―	0.04%	11.11%	―
RCF	60 Neutral	₹64.44B	24.87	―	0.93%	-3.19%	59.25%

Fertilizers & Chemicals Travancore Ltd. Corporate Events

FACT Extends Tenure of Director (Marketing) for Six Months to Maintain Continuity

Fertilisers and Chemicals Travancore Limited has announced that its Board has approved the continuation of Shri Anupam Misra as Director (Marketing) for an additional six months from 15 January 2026, maintaining status quo in the marketing leadership until an alternative arrangement is made or a fresh order is issued by the Government of India. The decision, based on communication from the Department of Fertilizers, ensures continuity in the company’s marketing operations and strategic direction during the interim period, avoiding disruption in a key functional role while the government finalizes its long-term appointment plans.