NSE: FACT · BSE: 590024
FACT LTD
Manufactures and sells chemical fertilizers in India, with the Fertiliser segment making up 99.3% of FY26 segment revenue at Rs. 5,711.13 crore. During FY26 the company produced 8.3 LMT of NP 20:20:0:13 and 2.83 LMT of Ammonium Sulphate at its own plants, and sold 8.07 LMT and 2.99 LMT respectively. It also trades imported fertilizers including DAP (0.85 LMT), TSP (0.43 LMT), NPK 15:15:15 (0.19 LMT) and MoP (0.397 LMT), totalling 1.86 LMT of traded imported sales in the year, plus 0.275 LMT of other traded products such as organic fertilizers and SSP. From May 2026 it commenced in-house production of Di-Ammonium Phosphate (DAP) at its Udyogamandal plant in Kochi, with subsidy eligibility under the Nutrient Based Subsidy scheme approved by the Department of Fertilizers. The Petrochemical segment is residual (Rs. 0.31 crore, 0.0% share) and the Unallocated line contributed Rs. 39.48 crore. Materials are the largest input cost at 60.1% of revenue, with other operating expenses at 15.7% and employee costs at 5.2%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fertiliser (99%), Petrochemical (0%), Unallocated (1%). Cyclical, commodity fertilizer manufacturer dependent on government subsidy policy and raw material costs
Exhibit 1: Financial summary, FY23–FY25 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 6,198 | 5,055 | 4,051 |
| EBITDA (ex other income) | 755 | 114 | 119 |
| margin % | 12.2 | 2.3 | 2.9 |
| Owners' profit | 613 | 146 | 0 |
| EPS, as reported (₹) | 9.47 | 2.26 | 0.64 |
| ROE % · ROCE % | 48.1 · 57.0 | 10.6 · 18.4 | 3.0 · 19.2 |
| Debt / equity (x) | 1.42 | 1.29 | 1.29 |
| Cash from operations | 647 | 278 | 140 |
| Capex | (93) | (172) | (153) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,062 | 600 | 1,449 | 949 | 1,053 | 1,043 | 1,629 | 1,568 |
| Profit before tax | (164) | (64) | 15 | 15 | 88 | 7 | 21 | (74) |
| Net profit | (61) | (49) | 11 | 8 | 71 | 4 | 21 | (68) |
| EPS (₹) | (0.95) | (0.75) | 0.17 | 0.12 | 1.09 | 0.07 | 0.32 | (1.05) |
Exhibit 3: Segment revenue, FY25
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Fertiliser | 4,036 | 98.9 |
| Petrochemical | 17 | 0.4 |
| Unallocated | 27 | 0.7 |
| Total, before eliminations | 4,079 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL INTERNTL. LTD | 50,253 | 27.4 | 3.83 | 14.5 | 14.5 | 18.6 | 17.2 | 9.9 |
| FACT LTD ◆ | 43,930 | 1578.8 | 31.95 | 135.4 | 1.8 | 1.8 | — | (0.2) |
| CHAMBAL FERTILIZERS LTD | 14,451 | 7.5 | 1.39 | 5.4 | 18.8 | 20.7 | 10.3 | 17.5 |
| PARADEEP PHOSPHATES LTD | 14,327 | 13.4 | 2.11 | 9.2 | 14.7 | 16.5 | — | 12.5 |
| MADHYA BHARAT AGRO P. LTD | 7,399 | 11.5 | 13.46 | — | 27.3 | 16.6 | — | 17.1 |
| KRISHANA PHOSCHEM LIMITED | 6,708 | 8.4 | 11.96 | — | 32.1 | 30.2 | — | 17.9 |
| GUJ STATE FERT & CHEM LTD | 5,459 | 7.9 | 0.44 | 5.0 | 5.5 | 6.5 | 7.5 | 7.4 |
| RASHTRIYA CHEMICALS & FER | 5,327 | 11.9 | 1.04 | 7.8 | 8.3 | 8.2 | 17.4 | 7.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1578.8 | 10.7 | 20 of 20 | 0% |
| P/B | 31.9 | 0.9 | 23 of 23 | 0% |
| ROCE | 1.8 | 8.8 | 20 of 23 | 14% |
| ROE | 1.8 | 8.3 | 20 of 23 | 14% |
| Debt / Equity | 2.8 | 0.3 | 22 of 23 | 5% |
| EBITDA margin | (0.2) | 8.0 | 20 of 21 | 5% |
| Revenue growth | 65.1 | 16.3 | 1 of 21 | 100% |
| Profit growth | (948.8) | 6.4 | 23 of 23 | 0% |
| Market cap | 43930 | 805 | 2 of 23 | 96% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · FACT: Director (Technical) given additional charge of Director (Marketing) | management changes | medium | — | — |
| 6 Oct 2026 · FACT: Director (Marketing) ceases on tenure end | management changes | medium | — | — |
| 3 Oct 2026 · Routine filing on share dematerialisation certificate for Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · FACT promotes Dileep R to Executive Director Operations | management changes | medium | — | — |
| 30 Sept 2026 · FACT AGM 2026 voting results: all 7 resolutions passed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · FACT LTD 82nd AGM proceedings held on September 29, 2026 | board shareholder meetings | low | — | — |
| 25 Sept 2026 · FACT closes trading window ahead of Q2 results declaration | compliance | minimal | — | — |
| 15 Sept 2026 · CAG appoints M/s B S J and Associates as statutory auditor for FY27 | management changes | medium | — | — |
| 7 Sept 2026 · FACT LTD informs about newspaper publication for 82nd AGM notice | compliance | minimal | — | — |
| 5 Sept 2026 · FACT 82nd AGM on 29 Sep 2026; record date set for 22 Sep | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.