Madras Fertilizers share price today

Madras Fertilizers Ltd's share price was ₹56.15 at the close on 4 November 2026. It has been falling for 56 weeks. That is 16.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹51 and ₹82, and at that close it sat 16% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Madras Fertilizers Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 20 weeks running.

Over the last 11 years the share price moved +360% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 25 June 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

2. Highest quarterly revenue in 14 quarters

   Revenue of ₹814 crore in the June 2026 quarter is the highest of the last 14 quarters.

3. Operating margin down 4 points on a year earlier

   6% in the June 2026 quarter, from 10%.

Madras Fertilizers has paid no dividend on the NSE since 1 April 2021, the start of the period we checked.

No. Madras Fertilizers Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), Madras Fertilizers reported revenue of ₹814 crore, up 21.1% from ₹672 crore a year earlier, and a profit of ₹35.0 crore, down 20.5% from ₹44.0 crore.

Madras Fertilizers results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Madras Fertilizers closed at ₹56.15 on 4 November 2026, down 28.4% from ₹78.38 a year earlier (7 November 2025) and up 94.0% over five years. Its highest weekly close since March 2016 was ₹125.36 on 12 July 2024.

Madras Fertilizers share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Madras Fertilizers closed at ₹56.15, up 8.7% on the week and down 2.3% on the month. Results for April to June 2026: Revenue up 21.1% and profit down 20.5% on a year earlier.

Madras Fertilizers is on one of our India lists: Penny stocks.

Madras Fertilizers Ltd earned ₹35.0 Cr of net profit in the Jun 2026 quarter, −20.5% on the same quarter a year earlier. Full-year FY26 profit was ₹80.0 Cr. That is 4.3% of the quarter's revenue. The same quarter a year earlier earned ₹44.0 Cr. 2 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹80.0 Cr (+25.0% on the year before).

Why profit moved: revenue changed +21.1% on a year earlier and the margin moved −4.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +144.5% and revenue −1.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Madras Fertilizers Ltd reported ₹814 Cr of revenue in the Jun 2026 quarter, +21.1% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 6.7% a year on average. The last full year, FY26, came in at ₹2,300 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹2,442 Cr.

FY26 revenue was ₹2,300 Cr, −9.5% on the year before.

Recent pace: the last four quarters grew −1.2% on average, against 6.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −4.5%, against +1.9% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +4.3%, against −4.5% a year (accelerating).

Madras Fertilizers Ltd's operating margin was 6.0% in the Jun 2026 quarter, 4.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between −1.8% and 11.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.2 percentage points on the year while gross margin changed −6.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 196% of Madras Fertilizers Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹5.0 Cr of operating cash against ₹80.0 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹30.0 Cr of spending on assets, free cash was −₹25.0 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 196% of profit came in as cash: the cash cycle got 16 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.1× depreciation over three years. The next section checks what that spending is building.

Madras Fertilizers Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 33 days in FY26, down from 49 days in FY21. It spent ₹74.0 Cr on assets over the last 3 years. Customers take 75 days to pay, and stock sits for 47 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹2,300 Cr, each day of that cycle ties up about ₹6.3 Cr, so roughly ₹208 Cr is tied up in the business at any time.

FY26: customers took 75 days to pay and stock sat for 47 days, about 1.5 months of sales sitting as stock, for a full cycle of 33 days, shorter than FY21's 49.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 47 days. Customers pay about 75 days after that. Suppliers are paid at 90 days. Together that makes the 33-day cycle.

Spending on assets: ₹74.0 Cr over the last 3 years, against ₹36.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹27.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Madras Fertilizers Ltd's P/E is 11.6×, in the middle of its own history: higher than 44% of past readings. Its usual P/E (the middle reading) is 12.3×, over 9.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹4.41.