Madras Fertilizers Limited (MFL) is a Central Public Sector Undertaking situated at Manali, near Chennai in Tamil Nadu, South India. The company manufactures and sells fertilizers in India, operating in two primary segments: Fertilizers and Other Activities.
MFL was incorporated in December 1966 as a Public Sector undertaking, promoted by the Government of India (GOI) and AMOCO India Inc. (a wholly-owned subsidiary of Standard Oil Company of USA), initially holding 51% and 49% of shares respectively. Commercial production commenced in November 1971. Over the years, the company has evolved through various strategic partnerships and shareholding changes. Currently, the GOI holds 59.50%, NIOC holds 25.77%, and the Public holds 14.73%. MFL's plant facilities and headquarters are located on a sprawling 350 acres at Manali, approximately 20 km north of Chennai City.
Madras Fertilizers Limited is primarily engaged in the manufacturing of Urea and Complex Fertilizers. The company is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name 'Vijay'. The company serves the agricultural sector across India, providing essential nutrients to enhance crop productivity and support sustainable farming practices.
MFL has enhanced capacity to produce 346,500 MT of Ammonia, 486,750 MT of Urea, 840,000 MT of NPK, and 400 MT of Bio Fertilizers.
The company's comprehensive product portfolio includes:
- Chemical Fertilizers:
- VIJAY Urea: A nitrogenous fertilizer suitable for various crops and soil types.
- VIJAY Complexes: Granulated fertilizers consisting of nitrogen, phosphorous, and potash (e.g., VIJAY 17:17:17 for early growth and vegetative phases of various crops).
- VIJAY Neem Coated Urea
- NK Mixture
- Bio-fertilizers (under the VIJAY BIO brand):
- Azospirillum: For paddy, plantation crops, and other crops.
- Rhizobium: For groundnuts and pulses.
- Phospho Bacteria and NP Bio: For various crops.
- Agro Chemicals: Including neem-based pesticides under the brand name VIJAY NEEM.
The company has shown remarkable financial improvement. As of July 1st, 2025, Madras Fertilizers Ltd (MADRASFERT) has a market capitalization of ₹1,517.41 crore.
For the financial year ended March 2025:
- Net profit rose 1055.58% to ₹64.25 crore, as against ₹5.56 crore during the previous year (FY2024).
- Sales rose 14.07% to ₹2,541.85 crore, as against ₹2,228.42 crore during the previous year (FY2024).
For the quarter ended December 2024 (Q3 FY2025):
- Net profit of Madras Fertilizers reported to ₹74.63 crore, as against a net loss of ₹51.69 crore during the previous quarter ended December 2023.
- Sales rose 43.79% to ₹799.52 crore, as against ₹556.05 crore during the same period in the previous year.
Over the last 5 years, revenue has grown at a yearly rate of 14.67%, outperforming the industry average of 9.52%, demonstrating the company's strong performance relative to industry peers. During the same period, the market share increased from 0.93% to 1.16%, indicating the company's expanding presence in the fertilizer market.
- Market Capitalization: ₹1,517.41 crore (as of July 2025)
- Revenue (FY2025): ₹2,541.85 crore
- Net Profit (FY2025): ₹64.25 crore
- Net Profit (Q3 FY2025): ₹74.63 crore
- Promoter Holding (March 2025): 85.27% (no shares pledged)
- P/E Ratio: 23.62
- P/B Ratio: -8.00
The 52-week high of Madras Fertilizers Ltd (MADRASFERT) is ₹134, and the 52-week low is ₹66.50. The P/E (price-to-earnings) ratio of MADRASFERT is 23.62, while the P/B (price-to-book) ratio stands at -8.00. The company belongs to the Materials sector and Fertilizers & Agro Chemicals sub-sector.
Madras Fertilizers Ltd has delivered a return of 28.08% in the last 3 years. As per Value Research classification, it is categorized as a Small Cap company.
As of March 2025, company promoters held an 85.27% stake in MADRAS FERTILIZERS, with no shares having been pledged, indicating strong confidence from the management. The chairman of the company is Manoj Kumar Jain.
The company has established a robust distribution network. It markets its products through a network of dealers, co-operative marketing federations, agro industries corporations, and other institutions, as well as through retail outlets. This extensive reach enables MFL to effectively serve farmers across different regions and crop types.
The company is debt-free and maintains a strong balance sheet, enabling it to report stable earnings growth across business cycles. This financial strength positions the company well for future growth opportunities and provides resilience during challenging market conditions.
