Not investment advice. Data and computed figures, for information only.

Rashtriya Chemicals & Fertilizers Ltd

NSE: RCF

₹104.78

+₹0.10 (+0.10%)

NSE · 16 Oct 2026, close

NSE

Market Cap

₹5,762 Cr

CMP

₹104.78

52-wk High / Low

₹157 / 103

P/E

13.8

P/B

1.1

Book Value

₹92.8

Div Yield

2.24%

ROCE

10.0%

ROE

7.8%

Face Value

₹10

D/E

0.81

Piotroski F-Score

/ 9

4 of 9 F-score tests passed

Graham Number

₹127

√(22.5 × EPS × book value per share)

ROIC

5.0%

vs 7.5% sector median

Cash flow to profit

−1.10

CFO / PAT

Above 1.0 = operating cash flow exceeded reported profit

Margin change

+142

bps OPM YoY

Operating margin vs the same quarter last year

Sustainable growth

5.4%

ROE × earnings retention ratio

ROE stability

6.8

pp σ

Standard deviation of ROE across periods. Lower = more stable

Holder deltas

QoQ

Prom +0.00FII −1.20DII −0.07

Latest quarter vs the previous one

Cash-accrual divergence

6.4%

of assets

Low = accruals track cash flow

Strengths

+PE of 13.8x is below the sector median of 36.2x

Watch-outs

−Latest ROCE of 10% trails the sector median of 12%

−Borrowings are up 37.7% since FY2016 (2997 to 4128)

−Price trades below its 200-day moving average (0.8x)

−Price is 33.3% below its 52-week high

	Name	P/E	Mar Cap ₹ Cr	ROCE %	ROE %

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	4,043	4,155	4,904	3,880	4,396	4,290	4,518	3,730	3,371	5,293	4,236	5,581	3,586
Expenses	3,914	4,050	4,819	3,687	4,280	4,088	4,339	3,551	3,213	5,079	3,992	5,258	3,367
Operating Profit	129	105	84	193	116	202	179	178	158	214	244	322	219
OPM %	3.2%	2.5%	1.7%	5.0%	2.6%	4.7%	4.0%	4.8%	4.7%	4.0%	5.8%	5.8%	6.1%
Other Income	58	67	38	44	30	43	43	54	39	51	52	113	35
Interest	39	44	48	52	70	76	53	54	56	55	103	79	71
Depreciation	56	56	56	64	60	62	63	78	66	70	75	80	83
Profit before tax	92	72	17	120	16	106	105	100	75	141	118	276	101
Net Profit	68	51	11	95	11	79	80	72	54	105	81	187	74
EPS (₹)	1.23	0.92	0.20	1.73	0.20	1.43	1.45	1.31	0.99	1.91	1.47	3.38	1.33

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,694	8,241	7,099	7,255	8,885	9,698	8,281	12,812	21,452	16,981	16,934	18,480	18,695
Expenses	6,840	7,766	6,680	6,986	8,448	9,111	7,527	11,820	19,968	16,461	16,253	17,524	17,696
Operating Profit	853	475	419	268	437	586	754	992	1,483	520	681	956	1,000
OPM %	11.1%	5.8%	5.9%	3.7%	4.9%	6.0%	9.1%	7.7%	6.9%	3.1%	4.0%	5.2%	5.3%
Other Income	66	81	66	61	104	26	133	263	236	204	169	241	252
Interest	123	147	96	64	157	239	181	130	234	190	259	295	308
Depreciation	263	148	141	137	156	171	175	184	212	233	263	292	308
Profit before tax	533	262	249	128	229	202	530	942	1,273	301	328	609	636
Net Profit	346	169	179	79	133	207	384	702	966	225	242	427	447
EPS (₹)	6.27	3.06	3.25	1.43	2.41	3.75	6.96	12.73	17.52	4.08	4.39	7.75	8.09

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
Equity Capital	552	552	552	552	552	552	552	552	552	552	552	552	—
Reserves	2,165	2,265	2,373	2,378	2,477	2,627	2,800	3,330	4,038	4,054	4,194	4,570	—
Borrowings	2,000	2,997	1,769	1,331	3,462	4,814	2,079	2,979	1,877	3,297	2,762	4,128	—
Other Liabilities	1,569	1,858	1,866	2,087	2,452	2,316	2,240	3,698	3,267	3,575	3,772	7,461	—
Total Liabilities	6,285	7,672	6,559	6,348	8,942	10,309	7,669	10,558	9,734	11,477	11,280	16,711	—
Fixed Assets	1,552	1,507	1,547	1,910	1,950	2,130	2,182	2,134	2,543	2,558	2,905	3,294	—
CWIP	62	150	107	152	276	433	406	513	211	431	579	810	—
Investments	0	49	45	62	80	256	645	935	994	992	1,095	1,380	—
Other Assets	4,672	5,966	4,860	4,223	6,636	7,490	4,437	6,977	5,986	7,497	6,700	11,226	—
Total Assets	6,285	7,672	6,559	6,348	8,942	10,309	7,669	10,558	9,734	11,477	11,280	16,711	—

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	212	−633	1,595	1,078	−1,636	−522	5,211	−592	787	−422	2,364	−471
Cash from Investing Activity	−201	−259	−180	−496	−310	−531	−610	−379	−316	−464	−681	−1,299
Cash from Financing Activity	3	811	−1,406	−588	1,945	1,052	−3,131	599	−1,560	1,032	−853	908
Net Cash Flow	14	−82	9	−5	−2	−1	1,470	−372	−1,088	145	831	−863

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROCE %	15.0	8.0	7.0	4.0	7.0	8.0	11.0	15.0	21.0	6.0	7.0	10.0
ROE %	—	—	—	—	—	—	—	—	—	—	—	7.8
EPS (₹)	6.27	3.06	3.25	1.43	2.41	3.75	6.96	12.73	17.52	4.08	4.39	7.75
Book Value (₹)	—	—	—	—	—	—	—	—	—	—	—	92.8
Face Value (₹)	—	—	—	—	—	—	—	—	—	—	—	10
P/E	—	—	—	—	—	—	—	—	—	—	—	13.8
Div Yield %	—	—	—	—	—	—	—	—	—	—	—	2.24
NPM %	4.5	2.0	2.5	1.1	1.5	2.1	4.6	5.4	4.5	1.3	1.4	2.3
OPM %	11.0	6.0	6.0	3.7	4.9	6.0	9.0	8.0	7.0	3.1	4.0	5.0
D/E	0.74	1.06	0.60	0.45	1.14	1.51	0.62	0.77	0.41	0.72	0.58	0.81
P/B	—	—	—	—	—	—	—	—	—	—	—	1.1

Compounded sales growth

10 years+8.0%

5 years+17.0%

3 years−5.0%

TTM+18.0%

Compounded profit growth

10 years+9.0%

5 years+0.0%

3 years−24.0%

TTM+47.0%

Stock price CAGR

10 years+9.0%

5 years+5.0%

3 years−6.0%

Last year−29.0%

Return on equity

10 years9.0%

5 years10.0%

3 years6.0%

Last year8.0%

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	80.00%	80.00%	80.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%	75.00%
FIIs	0.54%	0.54%	0.54%	1.47%	1.30%	1.23%	0.78%	1.57%	2.37%	2.58%	2.46%	2.60%	1.40%
DIIs	6.91%	6.91%	6.91%	3.45%	3.50%	3.53%	1.97%	0.30%	1.17%	0.34%	0.30%	0.39%	0.32%
Government	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	12.55%	12.55%	12.55%	20.07%	20.20%	20.24%	22.25%	23.12%	21.46%	22.08%	22.24%	22.00%	23.28%
No. of shareholders	87,317	87,317	87,317	1,65,351	1,72,541	1,70,583	2,26,071	2,25,807	2,33,573	2,93,160	3,59,464	3,39,059	3,29,407

Change since Jun 2023 (pp)

Promoters −5.00FIIs +0.86DIIs −6.59Public +10.73

Announcements

Announcement under Regulation 30 (LODR)-Credit Rating Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 Closure of Trading Window Disclosure Under Regulation 30 Of SEBI (LODR) Regulations ("SEBI LODR")Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Annual reports

Annual Report 2026 Annual Report 2025 Annual Report 2024 Annual Report 2023 Annual Report 2022

Credit ratings

Rating update Rating update Rating update Rating update Rating update

Concalls

Jan 2023PPT Dec 2022PPT

18 Sep 2026DIVIDENDDividend - Rs 1.34 Per Share—

20 Feb 2026DIVIDENDInterim Dividend - Re 1 Per Sh—

10 Oct 2025DIVIDENDDividend - Rs 1.32 Per Share—

23 Sep 2024DIVIDENDDividend - Rs 1.24 Per Share—

13 Dec 2023DIVIDENDDividend - Rs 3.70 Per Share—

15 Dec 2022DIVIDENDInterim Dividend - Rs 1.60 Per Share—

24 Nov 2021DIVIDEND Interim Dividend - Rs 1.35 Per Share—

20 Oct 2021DIVIDEND Dividend - Rs 1.78 Per Share—

17 Feb 2021DIVIDEND Interim Dividend - Rs 1.20 Per Share—

22 Dec 2020DIVIDEND Annual General Meeting/Dividend - Rs 2.84 Per Share—

16 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 0.77 Per Share—

18 Sep 2018DIVIDEND Annual General Meeting/Dividend Re 0.60 Per Share—

13 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.10 Per Share—

15 Sep 2016DIVIDEND Annual General Meetingdividend - Rs 1.10 Per Share—

19 Aug 2015DIVIDEND Annual General Meeting / Dividend - Rs 1.80/- Per Share—

11 Sep 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 1.50/- Per Share—

19 Aug 2013DIVIDENDAnnual General Meeting And Dividend Rs.1.50 Per Share—

17 Aug 2012DIVIDENDAnnual General Meeting And Dividend Rs.1.40 Per Share—

13 Sep 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.10 Per Share—

14 Jun 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.1.10 Per Share—

Rashtriya Chemicals & Fertilizers Ltd

Price−28.1% over 1Y

āagman read

Peer comparison

Quarterly results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Growth

Shareholding pattern

Documents

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