Madras Fertilizers Ltd

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NSEBSE

99.60-1.45 (-1.43%)

03:54 PM,21st Feb 2024

99.40-2.60 (-2.55%)

04:01 PM,21st Feb 2024

BSE : 590134

NSE : MADRASFERT

Sector : Agri and agri inputs

ISIN Code : INE414A01015

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Last Updated: Feb 21 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1604

Turnover (₹ Cr)

0.56

Volume (Shares)

561132

Face Value

10

52-WK High

124.35

52-WK High Date

25 Jan 2024

52-WK Low

53.20

52-WK Low Date

28 Mar 2023

All Time High

124.35

All Time High Date

25 Jan 2024

All Time Low

3.50

All Time Low Date

11 Aug 2000

Madras Fertilizers Ltd

Madras Fertilizers Ltd (MFL) was incorporated in December 1966 as Public Sector undertaking promoted by Government of India (GOI) and AMOCO India Inc. (Amoco - a Wholly owned subsidiary of Standard Oil Company of USA) holding 51% & 49% of Shares Respectively. MFL commenced commercial production in November 1971. In 1972 National Iranian Oil Company (NIOC) was inducted as shareholder acquiring 50% of AMOCO shareholding in MFL. In 1985 AMOCO has disinvested their MFL shares to GOI NIOC & Public. Now GOI has holding 59.50% NIOC has holding 25.77% & and Public has holding 14.73%.MFL is manufacturing Ammonia Urea Complex Fertilizers and Biofertilizers and trading Agrochemicals. MFL has its Plant Facilities & Head Quarters located on a sprawling 350 acres at Manali about 20 km north of Chennai City. MFL having enhanced capacity to produce 346500 MT of Ammonia 486750 MT of Urea 840000 of NPK and 400 MT of Bio Fertilizers. MFL consists of production plants Ammonia Urea in single streams and NPK in three streams viz. NPK A Train B Train and C Train. Utilities Plant is the service plant supplying treated water cooling water off-site steam instrument air captive power and emergency power.MFL was one of the First Modern Fertilizer Plant Producing granulated Complex fertilizers in South India. In 1991 the old Chemico Converter of Ammonia Plant was replaced with the latest S 200 Radial Converter. In 1996 MFL was Accredited with ISO 9002 the first among the Public Sector Fertilizer Units. MFL implemented major Modernisation and Substantial Expansion of its plants. Due to delayed delivery of materials from Indian & Overseas Vendors. The project was deffered and it was completed in August 1997.The company entered in to capital Market through Public issue The company issued 28630000 Equity Shares of Rs.10 each at a premium of Rs.5 per share. The company was putting up a Pilot Tissue culture Laboratory for producing 3 Million Plantlets. Subsequently the company dropped the Tissue Culture project and concentrated on its Core Business.In 2002 The Urea Prill Tower Modification by Monsanto Enviro-Chem Systems Inc. (MECSI) was taken up during the Scheduled in June 2001 but mechanical system was made ready on July 2001. MFL was Accredited with ISO 14001 certificiation for Environment Management System (EMS) by Indian Register Quality Systems (IRQS). The company has installing a Fluidized Bed Prill Cooling System downstream of Prill Tower in order to achieve a Prill Temperature of 55-60 Deg Centigrade. The System was commissioned in August 2003. In 2004 The New Urea Pricing Policy implemented by GOI from April 2003 onwards replacing the existing method of retention Pricing Scheme. Due to the impact of New Pricing scheme MFL had to face pains of irrational Price Concession scheme in respect of Complex Fertilizers. The company faced major setback and MFLs networth was eroded. MFL became a sick Company. BRPSE (Board for reconstruction of Public Sector Enterprises) reviewed the performance and had discussions with the company. BRPSE submitted their recommendations to GOI.During the year 2014-15 GOI dated Apr 02 2014 directed to close down the Naphtha based Ammonia Urea Plants from Jul 01 2014. However the units were permitted to run up to September 30 2014. Subsequently GOI on Jan 07 2015 permitted to run Naphtha based Ammonia-Urea Plants for 100 days and hence in MFL Ammonia-Urea Plants after shutdown for 3 months during Oct to Dec 2014 production was resumed during Jan 2015 and Urea Plant was run upto Apr 16 2015.Process License and Basic Engineering from M/s Haldor Topsoe Denmark for Ammonia Plant and from M/s Urea Technologies Inc. U.S.A for Urea Plant was adopted with modern Distributed Control System (DCS). The enhanced production capacities are 1050 MTPD for Ammonia (346500 MTPA) and 1475 MTPD for Urea (486750 MTPD). With respect to NPK Pipe-reactor with Process License & Basic Engineering from M/s Grande Parroise France was incorporated in NPK B Train. By this and along with higher on-stream efficiency the installed capacity was raised to 2550 MTPD (840000 MTPD).

Madras Fertilizers Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1604

EPS - TTM (₹) [S]

1.30

P/E Ratio (X) [S]

-7.00

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]-14.23
P/B Ratio (₹) [S]-7.00
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

98.40

103.35

Week Low/High

94.20

105.00

Month Low/High

94.20

124.00

Year Low/High

53.20

124.00

All time Low/High

3.25

124.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week2.42%2.42%1.110.98%
1 Month-15.59%-15.59%1.682.24%
3 Month28.07%28.02%10.1511.48%
6 Month37.78%37.66%11.3613.72%
1 Year72.02%72.17%19.7023.72%
3 Year310.72%312.42%42.7147.21%

Company Info

Company Information

Chairman & Managing Director : U Saravanan

Nominee : Mohammad Bagher Dakhili

Director (Technical) : Harsh Malhotra

Nominee : Babak Bagherpour

Company Sec. & Compli. Officer : Priya Ranjan Panda

Nominee (Govt) : K Gurumurthy

Independent Director : Nallabothu Venkat Rao

Independent Director : C R Jayanthi

Non Official Independent Direc : Sanjay Vishnu Shetye

Nominee : Samieh Kokabi

Registered Office: Post Bag No 2, Manali,Chennai,Tamil Nadu-600068 Ph: 91-044-25942281/25945203

Email:cs@madrasfert.co.in

URL:http://www.madrasfert.nic.in