Khaitan Chemical

NSE: KHAICHEM · Fertilizers

52W Range₹43 ₹136

Snapshot

Unlock Khaitan Chemical's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Khaitan Chemicals and Fertilizers Limited is an Indian manufacturer primarily engaged in the production of single super phosphate (SSP) fertilizers, sulphuric acid, and various specialty chemicals. The company also maintains a diversified portfolio that includes the production of crude soya oil, de-oiled cakes, refined vegetable oils, and the generation of wind power.

Business Model

The company generates revenue through the sale of agricultural inputs, industrial chemicals, and edible oils, while leveraging captive production of sulphuric acid for its fertilizer operations. It further monetises its infrastructure by selling surplus steam and wind-generated electricity.

Growth Outlook

Growth is driven by the sustained demand for SSP fertilizers in the Indian agricultural sector and the expansion of its specialty chemical product line. The company continues to focus on operational efficiencies across its diverse manufacturing segments.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of rock phosphate and sulphur, which are essential for SSP production, can significantly impact profit margins.
  • Regulatory and Subsidy Risk. As a fertilizer manufacturer, the company is highly sensitive to changes in government subsidy policies and pricing regulations.
  • Monsoon Dependency. The demand for fertilizers is intrinsically linked to agricultural cycles and the performance of the monsoon in India.
  • Commodity Price Risk. Exposure to the volatile edible oil market and soya bean prices introduces uncertainty to the company's non-fertilizer revenue streams.

Price

Start your research today

Unlock AI insights, financials, peers and live data on Khaitan Chemical and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹1,236 Cr

TTM · standalone

+71.6%YoY

NET PROFIT

₹86 Cr

TTM · standalone

+6043.6%YoY

EPS

₹9.30

TTM · standalone

+6542.9%YoY

RETURN ON EQUITY

35.9%

TTM · standalone

+35.3 ppYoY

RETURN ON CAPITAL EMPLOYED

48.8%

TTM · standalone

+43.6 ppYoY

P/E

5.2x

Q4 FY26 · standalone

5.2 vs 25.1x5Y avg

EV/EBITDA

5.1x

Q4 FY26 · standalone

5.1 vs 3.8x5Y avg

EBITDA MARGIN

11.8%

TTM · standalone

+8.5 ppYoY

NET PROFIT MARGIN

0.7%

Q4 FY26 · standalone

-4.7 ppYoY

DEBT TO EQUITY

1.0x

Q4 FY26 · standalone

-0.44xYoY

Peers · Fertilizers

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Khaitan ChemicalKHAICHEM
4665.165.0871.6%11.8%35.9%48.8%-53.9%
S P I CSPIC
1,2396.425.47-4.2%12.1%17.0%22.0%-21.7%
Madras FertilizeMADRASFERT
97113.718.74-9.5%8.0%-6538.2%123.2%-24.4%
Zuari Agro Chem.ZUARI
8111.074.84-27.9%10.3%51.3%30.2%+14.3%
Aries AgroARIES
46110.445.3318.9%12.0%14.1%21.8%-6.8%
Rama PhosphatesRAMAPHO
4058.316.4720.1%9.9%12.5%20.2%-13.2%

As of Q4 FY26

Financials