MADRAS FERTILISERS LTD

Manufactures fertilizers — specifically urea and ammonia — at a single manufacturing site, alongside a complex fertilizer line that has been idle. The complex fertilizer plant remained shut for the entire fourth quarter of FY26 due to safety and manpower issues, while the ammonia-urea facility underwent an emergency shutdown on June 15, 2026 following an equipment breakdown, with ammonia and urea production suspended for about 8 days and tentatively set to resume on June 23, 2026. FY26 revenue was Rs 2,300.35 crore, down 9.5% from Rs 2,54,108 lakhs in FY25, with the decline attributed to lower subsidy recognition. Materials are the largest cost item at 53.6% of revenue, followed by other operating expenses at 34.3%. It is a Central Public Sector Enterprise under the Ministry of Chemicals and Fertilizers, Government of India, which is the promoter. The company has defaulted on repayment of principal and interest on loans from the Government of India, carries a negative net worth of Rs 9,197 lakhs, and its proposed financial revival package has been placed on hold under the new PSE policy of Atmanirbhar Bharat.