Rashtriya Chemicals And Fertilizers Limited
Rashtriya Chemicals & Fertilizers Limited (RCF), established in 1978, has a diversified product portfolio of urea (~51% of overall sales in FY2024), complex fertilisers (~13%), traded fertilisers (~25%) and industrial chemicals (~10%). RCF has two pl...
Key Metrics
EPS
4.08
Current ratio
1.33
Debt/Equity
1.49
Debt/EBITDA
9.49
Interest coverage ratio
2.58
Operating Cashflow to total debt
-0.10
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Large sovereign ownership and established position as one of the largest urea manufacturers
Product diversity and vertically integrated operations
Healthy operating efficiency for urea operations
Liquidity position: Adequate
Cons
Sensitivity of cash flows to delays in subsidy receipts and other regulatory risks
Susceptible of profitability to fluctuations in natural gas prices
Large debt-funded capex plans over the medium term -
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About Rashtriya Chemicals And Fertilizers Limited bond.
This comprehensive profile covers key factual information about Rashtriya Chemicals And Fertilizers Limited. Rashtriya Chemicals & Fertilizers Limited (RCF), established in 1978, has a diversified product portfolio of urea (~51% of overall sales in FY2024), complex fertilisers (~13%), traded fertilisers (~25%) and industrial chemicals (~10%). RCF has two plants in Maharashtra — one each at Trombay and Thal. The Thal unit is primarily engaged in the production of urea (capacity of 2 mmtpa), besides a few industrial chemicals. The Trombay unit manufactures a wide range of industrial products, complex fertilisers (capacity of 0.66 mmtpa) and urea (capacity 0.33 mmtpa). The company’s industrial chemicals portfolio comprises 15 products, such as ammonium nitrate, nitric acid and methylamines. The Government of India holds a 75% stake in the company. EPS in Mar-2024 was 4.08. Current ratio in Mar-2024 was 1.33. Debt/Equity in Mar-2024 was 1.49. Debt/EBITDA in Mar-2024 was 9.49. Interest coverage ratio in Mar-2024 was 2.58. Operating Cashflow to total debt in Mar-2024 was -0.10. Total revenue for Mar-2025(E) was ₹21318.16. Net income for Mar-2025(E) stood at ₹741.93. Total assets as of Mar-2024 were ₹11,477.28. Operating cash flow for Mar-2024 was ₹-422.27. The company’s borrowing relationships include State Bank of India (₹N/A Cr), UCO Bank (₹N/A Cr), CTBC Bank Co. Limited (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Rashtriya Chemicals And Fertilizers Limited, Fertilisers And Chemicals Travancore Limited, Coromandel International Limited, UPL Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Large sovereign ownership and established position as one of the largest urea manufacturers; Product diversity and vertically integrated operations; Healthy operating efficiency for urea operations; Liquidity position: Adequate. Key risks include: Sensitivity of cash flows to delays in subsidy receipts and other regulatory risks; Susceptible of profitability to fluctuations in natural gas prices; Large debt-funded capex plans over the medium term -. Leadership team details include Ajay Shanker Singh (Government Nominee Director), Aneeta C Meshram (Government Nominee Director), Gopalan Seshadri (Executive Director), Gopinathan Nair Anilkumar (Independent Director), Jai Bhagwan Sharma (Executive Director & Company Secretary), Jyoti V Patil (Executive Director), Lalit Kumar Kiran (General Manager - Finance), M Ramesh (Chief General Manager), Mahendra K Agrawal (General Manager - Finance), Nanda N Kulkarni (Chief General Manager), Nandkishor K Kamat (General Manager - Marketing), Nazhat J Shaikh (Director - Finance), Niranjan S Sonak (Executive Director - Commercial), Rajiv Pande (Executive Director), Ritu Goswami (Director - Technical), S C Mudgerikar (Chairman & Managing Director), Sharad S Sonawane (Executive Director - HR), Vivek K Srivastava (General Manager). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.