Incorporated in 2004, Krishana Phoschem Ltd is in the business of manufacturing fertilizers & chemicals and has established itself as a significant player in India's agricultural input sector. KPL, part of the Ostwal Group of Industries, is the only private group in India with a fully integrated process to convert low-grade rock phosphate into high-grade rock phosphate for complex fertilizer production. This unique positioning gives the company a competitive advantage in the fertilizer manufacturing space.
The company operates from its registered office in Bhilwara, Rajasthan, and conducts its primary manufacturing operations in Madhya Pradesh. Mahendra Kumar Ostwal is chairman and Priyanka Bansal is the company secretary for Krishana Phoschem Ltd. The company went public and got listed on the NSE and BSE on February 27, 2017.
Krishana Phoschem has achieved a strong market position in the fertilizer industry, particularly in the Single Super Phosphate (SSP) segment. It is India's 2nd largest Single Super Phosphate (SSP) manufacturer, holding a 35%+ market share in Chhattisgarh and 20%+ in Madhya Pradesh. This dominant regional presence provides the company with significant pricing power and distribution advantages.
KPL markets fertilizers under the brands Annadata (SSP) and Bharat (NPK/DAP complex). The company's product portfolio includes various fertilizer formulations designed to meet different agricultural needs. The company offers beneficiated rock phosphate, single super phosphate (SSP), di-ammonium phosphate, granulated SSP, annadata casma, H-acid, intermediate dyes, sulphuric acid, phosphoric acid, sulphonic acid, oleum, liquid SO3, and calcium nitrate, as well as water soluble fertilizers, micro nutrients, supplements, and organic products under the Annadata brand.
The company has demonstrated remarkable financial performance, particularly in recent quarters. For the full year, net profit rose 114.00% to ₹86.54 crore in the year ended March 2025 as against ₹40.44 crore during the previous year ended March 2024. Sales rose 47.01% to ₹1,358.24 crore in the year ended March 2025 as against ₹923.90 crore during the previous year ended March 2024.
The Q4 FY25 results were particularly impressive, showing strong growth momentum. Net profit of Krishana Phoschem rose 487.84% to ₹32.86 crore in the quarter ended March 2025 as against ₹5.59 crore during the previous quarter ended March 2024. Sales rose 79.53% to ₹472.88 crore in the quarter ended March 2025 as against ₹263.40 crore during the previous quarter ended March 2024.
- Revenue (FY25): ₹1,358.24 crore
- Net Profit (FY25): ₹86.54 crore
- Revenue Growth (YoY): 47.01%
- Net Profit Growth (YoY): 114.00%
- Q4 FY25 Revenue: ₹472.88 crore
- Q4 FY25 Net Profit: ₹32.86 crore
- Market Capitalization: ₹2,649 crore
- Current PE Ratio: 27.77
- Current PB Ratio: 6.28
- 52-Week High: ₹388.15
- 52-Week Low: ₹175.15
The company has demonstrated strong operational performance across various metrics. An annual revenue growth of 48% is outstanding, Pre-tax margin of 9% is healthy, and ROE of 22% is exceptional. The company has a reasonable debt to equity of 35%, which signals a healthy balance sheet.
The company's operational efficiency is reflected in its growing market share and improving margins. Over the last 5 years, revenue has grown at a yearly rate of 43.33%, significantly outperforming the industry average of 10.4%. Over the same period, market share increased from 0.12% to 0.43%.
The company has maintained regular communication with stakeholders through various corporate actions. Krishana Phoschem announced that the Board of Directors of the Company at its meeting held on 06 May 2025, has recommended a Final Dividend of ₹0.50 per share (i.e. 5%), subject to the approval of the shareholders.
Crisil reaffirms Krishana Phoschem's A/Stable and A1 ratings; bank facilities enhanced to ₹756 crore. This credit rating reaffirmation and enhancement in banking facilities indicate the company's strong financial health and growth trajectory, supporting future expansion plans.
Krishana Phoschem Ltd (KRISHANA) belongs to the Materials sector & Fertilizers & Agro Chemicals sub-sector. The company's competitive advantages stem from its integrated manufacturing process, strong regional presence, and established distribution network.
The company's unique position as the only private group with fully integrated rock phosphate processing capabilities provides it with cost advantages and supply chain control. This integration allows better margin management and reduces dependency on external suppliers for critical raw materials. Krishana Phoschem continues to strengthen its market position through strategic initiatives and operational improvements, positioning itself well for future growth in India's expanding agricultural sector.
