Rashtriya Chemicals & Fertilizers Ltd. (IN:RCF)
:RCF
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Rashtriya Chemicals & Fertilizers Ltd.
(RCF)
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Rating:53Neutral
Price Target:
₹132.00
▼(-11.59% Downside)
Action:Reiterated
Date:05/24/26
The score is held back primarily by weak and inconsistent cash flow (FY2026 negative operating and free cash flow) and thin, volatile margins, despite improved FY2026 revenue growth. Technicals are neutral with some near-term strength but a still-weaker longer-term trend (below 200DMA). Valuation is middling with a ~24.9 P/E and only a modest ~1.78% dividend yield.
Positive Factors
Product Diversification
RCF's diversified mix of regulated fertilizers (urea, NPK), specialty agricultural products and market-priced industrial chemicals spreads revenue across differently behaved segments. This reduces single-product concentration, helps absorb agricultural seasonality and gives optionality for margin improvement via chemicals over a multi-month horizon.
Negative Factors
Weak Cash Generation
The shift to negative operating cash flow and deeply negative free cash flow in FY2026 after prior strength highlights inconsistent cash conversion. Persistent choppy cash flows limit the firm's ability to self-fund capex, repay or service rising debt, and increase reliance on external financing or working-capital cushions over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Product Diversification
RCF's diversified mix of regulated fertilizers (urea, NPK), specialty agricultural products and market-priced industrial chemicals spreads revenue across differently behaved segments. This reduces single-product concentration, helps absorb agricultural seasonality and gives optionality for margin improvement via chemicals over a multi-month horizon.
Read all positive factors
Rashtriya Chemicals & Fertilizers Ltd. (RCF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹72.00B
Dividend Yield0.93%
Average Volume (3M)69.74K
Price to Earnings (P/E)14.9
Beta (1Y)1.56
Revenue Growth9.13%
EPS Growth76.20%
CountryIN
Employees2,526
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)5.66
Shares Outstanding551,688,100
10 Day Avg. Volume60,425
30 Day Avg. Volume69,743
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.25
Price to Sales (P/S)0.35
P/FCF Ratio-4.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Rashtriya Chemicals & Fertilizers Ltd. Business Overview & Revenue Model
Company Description
Rashtriya Chemicals and Fertilizers Limited manufactures, markets, and sells fertilizers and industrial chemicals primarily in India. The company operates through Fertilizers, Industrial Chemicals, and Trading segments. It offers various fertilize...
How the Company Makes Money
RCF primarily makes money by manufacturing and selling fertilizers, with revenue largely driven by (1) urea sales and (2) complex fertilizers (e.g., NPK and related grades), sold through dealer/distributor networks, cooperatives, and institutional...
Rashtriya Chemicals & Fertilizers Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 169.11B | 184.80B | 169.34B | 169.81B | 78.83B | 53.14B |
| Gross Profit | 55.00B | 70.30B | 66.50B | -37.09B | -112.35B | 62.82B |
| EBITDA | 9.16B | 11.95B | 8.46B | 7.12B | 16.57B | 12.44B |
| Net Income | 3.12B | 4.27B | 2.42B | 2.25B | 9.66B | 7.02B |
Balance Sheet | ||||||
| Total Assets | 133.02B | 167.01B | 112.67B | 114.56B | 97.05B | 105.31B |
| Cash, Cash Equivalents and Short-Term Investments | 19.09B | 39.22B | 12.00B | 1.56B | 113.00M | 11.08B |
| Total Debt | 27.78B | 41.28B | 27.62B | 32.97B | 18.77B | 29.79B |
| Total Liabilities | 83.80B | 115.80B | 65.21B | 68.50B | 51.15B | 66.49B |
| Stockholders Equity | 49.22B | 51.21B | 47.45B | 46.06B | 45.90B | 38.82B |
Cash Flow | ||||||
| Free Cash Flow | 6.48B | -15.47B | 15.36B | -9.05B | 4.02B | -7.62B |
| Operating Cash Flow | 12.93B | -4.71B | 23.64B | -4.22B | 7.87B | -5.92B |
| Investing Cash Flow | -10.67B | -12.99B | -6.81B | -4.64B | -3.16B | -3.79B |
| Financing Cash Flow | -1.41B | 9.08B | -8.53B | 10.32B | -15.60B | 5.99B |
Rashtriya Chemicals & Fertilizers Ltd. Technical Analysis
Positive
149.30
Price Trends
123.76
Positive
128.79
Positive
137.59
Negative
Market Momentum
-0.07
Positive
57.83
Neutral
52.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RCF, the sentiment is Positive. The current price of 149.3 is above the 20-day moving average (MA) of 127.65, above the 50-day MA of 123.76, and above the 200-day MA of 137.59, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 57.83 is Neutral, neither overbought nor oversold. The STOCH value of 52.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RCF.
Rashtriya Chemicals & Fertilizers Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹182.09B | 8.75 | ― | 2.13% | 24.92% | 18.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹537.07B | 28.76 | ― | 0.50% | 30.70% | -5.33% | |
53 Neutral | ₹72.00B | 14.94 | ― | 0.93% | 9.13% | 76.20% | |
53 Neutral | ₹131.95B | 11.17 | ― | 0.62% | 52.51% | 56.28% | |
51 Neutral | ₹9.04B | -7.62 | ― | ― | -27.87% | 458.30% | |
45 Neutral | ₹37.45B | 8.30 | ― | 1.77% | 4.86% | -24.19% |
* Basic Materials Sector Average
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
130.50
-20.86
-13.78%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
454.55
-120.39
-20.94%
IN:COROMANDEL
Coromandel International Limited
1,820.50
-560.24
-23.53%
IN:NFL
National Fertilizers Ltd.
76.34
-21.14
-21.69%
IN:PARADEEP
Paradeep Phosphates Ltd.
127.10
-31.62
-19.92%
IN:ZUARI
Zuari Agro Chemicals Ltd.
214.90
-0.05
-0.02%
Rashtriya Chemicals & Fertilizers Ltd. Corporate Events
Rashtriya Chemicals and Fertilizers Announces Cessation of Three Independent Directors
May 9, 2026
Rashtriya Chemicals and Fertilizers Ltd. has announced that the tenures of independent directors Shri Gopinathan Nair Anilkumar, Ms Anjula Murmu and Shri Partha Sarathi Ghosh ended with the close of business on May 8, 2026, and they ceased to be i...
RCF’s AA Ratings Affirmed as It Commits to Major Fertiliser and Energy-Efficiency Capex
Apr 25, 2026
Rashtriya Chemicals and Fertilizers Ltd. announced that ICRA has affirmed its non-convertible debentures rating at ICRA AA with a Stable outlook for an aggregate amount of Rs 1,200 crore, while India Ratings and Research has similarly affirmed its...
RCF Announces Cessation of Government Nominee Director from Board
Apr 18, 2026
Rashtriya Chemicals and Fertilizers Ltd. has announced that Ms. Aneeta C. Meshram has ceased to serve as the Government Nominee Director on its Board with effect from April 17, 2026, following an order from the Department of Fertilizers under the ...
Rashtriya Chemicals & Fertilizers Announces Senior Management Change
Mar 1, 2026
Rashtriya Chemicals Fertilizers Ltd. has announced a change in its senior management, in line with regulatory disclosure requirements for listed entities. The company notified the stock exchanges that Anupam Sonawane, General Manager in charge of...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.