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Fertilizers and Chemicals Travancore Limited (FACT)

₹692.50 -1.34% last close, 22 Oct

📊 NSE: FACT 🏢 Fertilizers 📢 Latest filing: 03 Oct 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Fertilizers and Chemicals' revenue was ₹1,253 Cr (+20.2% year on year, -15.5% on the previous quarter), and net profit ₹-61.9 Cr (against a profit a year earlier); the operating margin was -2.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1,253	+20.2%	-15.5%
Operating profit	₹-29.8	to loss	to loss
Net profit	₹-61.9	to loss	to loss
EPS (₹)	-0.96	to loss	to loss
Operating margin	-2.4%	—	—

Full quarterly financials → Results calendar →

FACT delivery percentage

NSE end-of-day data for Thu, 22 Oct 2026

On Thu, 22 Oct 2026, 32.64% of the FACT shares traded on NSE were taken to delivery, against the stock's own 20-session average of 31.87%. That is close to its usual level. Volume was 0.4 times its average, well below normal.

32.64%Delivery, 22 Oct

31.87%Own 20-session average

0.4×Volume vs its average

₹692.50NSE close · -1.34%

Delivery in the last 5 sessions: 36.0% · 37.8% · 53.8% · 40.4% · 32.6%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

FACT Submits Dematerialisation Certificate for Quarter Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 03 Oct 2026, 01:29 PM

Fertilizers and Chemicals Travancore Limited (FACT) submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate covers the second quarter ended September 30, 2026, and was issued by the Registrar and Share Transfer Agent, Purva Sharegistry (India) Pvt. Ltd., on October 1, 2026. It confirms that physical share certificates received for dematerialisation were processed, mutilated, and cancelled within the prescribed timelines. This is a standard quarterly compliance filing with no operational or financial impact.

Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
Covers dematerialisation activities for the quarter ended September 30, 2026
Confirmation issued by Registrar Purva Sharegistry (India) Pvt. Ltd. on October 1, 2026
Filed with the National Stock Exchange on October 3, 2026

💡 No action required by investors as this is a standard quarterly administrative filing; continue to track forthcoming Q2 FY27 financial results.

FACT Promotes Dileep R to Executive Director (Operations)

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 01 Oct 2026, 09:49 PM

The Fertilisers and Chemicals Travancore Limited (FACT) announced that Shri. Dileep R, formerly Chief General Manager of the Udyogamandal Complex, has been promoted to Executive Director (Operations) effective October 1, 2026. Dileep R brings over 36 years of operational experience within FACT. The appointment comes as the company manages operations generating ₹5,293 Cr in TTM revenue amid tight TTM operating margins of 2.0%. This is an internal administrative leadership elevation.

Shri. Dileep R promoted to Executive Director (Operations) effective 01.10.2026
Appointee holds over 36 years of experience within FACT
Promoted from role as Chief General Manager (Udyogamandal Complex)
Holds B.Tech and M.Tech in Mechanical Engineering from University of Calicut

💡 Track operational performance and plant efficiencies in upcoming quarterly results, particularly margin stability given TTM operating margin of 2.0%.

C&AG Appoints M/s. B S J & Associates as Statutory Auditors for FY 2026–27

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 15 Sep 2026, 01:30 PM

Fertilizers and Chemicals Travancore Limited (FACT) disclosed that the Comptroller and Auditor General of India (C&AG) has appointed M/s. B S J & Associates, Ernakulam, as the Statutory Auditors for FY 2026–27 under Section 139 of the Companies Act, 2013. The audit firm was established in 2004, has 11 partners, and operates 7 branch offices across Kerala and Bengaluru. This is a standard statutory appointment mandated for government-owned public sector enterprises and does not affect the financial operations of the company (TTM revenue of Rs 5,293 Cr).

C&AG appointed M/s. B S J & Associates, Ernakulam, as Statutory Auditors for FY 2026–27 under Section 139 of the Companies Act, 2013
Appointed firm was established in 2004 and currently has 11 partners
The firm operates seven branch offices across Aluva, Thrissur, Kozhikode, Kannur, Kottarakkara, Thodupuzha, and Bengaluru

💡 Track upcoming quarterly financial statements to verify if the transition in statutory auditors leads to any restatements, qualified opinions, or audit adjustments.

FACT Schedules 82nd AGM on Sept 29, 2026; Sets Voting Cut-Off Date as Sept 22

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 10:18 PM

The Fertilisers and Chemicals Travancore Limited (FACT) has announced its 82nd Annual General Meeting (AGM) to be held on September 29, 2026. The cut-off date to determine shareholder voting rights for remote e-voting has been fixed as September 22, 2026. Accompanying annual report excerpts show FY26 revenue from operations at ₹5,723.76 crore with a net loss of ₹39.60 crore (EPS of ₹-0.61). The filing represents routine regulatory compliance with no changes to core business operations.

82nd Annual General Meeting scheduled for September 29, 2026 via video conferencing
Record / cut-off date for e-voting eligibility set as September 22, 2026
Remote e-voting window open from September 26 to September 28, 2026
FY26 revenue from operations reported at ₹5,723.76 crore with net loss of ₹39.60 crore
Unabsorbed fixed cost for Caprolactam plant under preservation mode stood at ₹42.07 crore

💡 Shareholders registered on or before September 22, 2026, can participate in remote e-voting between September 26 and September 28, 2026.

FACT Submits Business Responsibility and Sustainability Report for FY 2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Sep 2026, 10:03 PM

Fertilizers and Chemicals Travancore Limited (FACT) has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 pursuant to SEBI Listing Regulations. The report details standalone ESG disclosures and confirmed reasonable assurance for BRSR Core metrics from Social Responsibility Asia (SR Asia). Complex fertilizers contributed 63.89% of turnover, followed by traded products at 19.59% and ammonium sulphate at 14.33%. The filing is part of the company's statutory annual reporting requirements and carries no direct financial or operational surprises.

Submitted mandatory BRSR for FY 2025-26 with reasonable assurance obtained for BRSR Core parameters
Complex Fertilisers formed 63.89% of turnover, while Ammonium Sulphate contributed 14.33% and Traded Products 19.59%
Reported total paid-up capital of ₹647.07 Crore and net worth of ₹1,168.06 Crore under CSR disclosures
Company workforce comprises 629 permanent employees and 853 permanent workers across 2 operating plants

💡 Track subsequent quarterly financial earnings announcements and updates on government fertilizer subsidy policies.

FACT Schedules 82nd AGM on September 29, 2026; Issues FY26 Annual Report

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 10:00 PM

The Fertilisers and Chemicals Travancore Limited (FACT) has issued notice for its 82nd Annual General Meeting (AGM) scheduled on September 29, 2026, via video conferencing. The record cut-off date for determining shareholder e-voting eligibility is September 22, 2026, with remote e-voting active from September 26 to September 28, 2026. In the accompanying Annual Report for FY25–26, FACT reported Revenue from Operations of ₹5,723.76 crore and a net loss of ₹39.60 crore amid raw material volatility. Total fertiliser sales volume for the year stood at 13.37 lakh MT against total production of 11.13 lakh MT.

82nd AGM to be held virtually on September 29, 2026 at 11:00 AM IST
Shareholder voting cut-off date fixed for September 22, 2026; e-voting active September 26 to 28, 2026
Reported FY26 Revenue from Operations of ₹5,723.76 crore with a net loss of ₹39.60 crore
Fertiliser sales reached 13.37 lakh MT with domestic production at 11.13 lakh MT
Caprolactam petrochemical plant remained under preservation mode with ₹42.07 crore in unabsorbed fixed costs

💡 Eligible shareholders can exercise voting rights on ordinary and special business resolutions via remote e-voting between September 26 and September 28, 2026.

GoI charges ₹438.20 Cr penal interest on outstanding loan; FACT seeks waiver

🔴 NEGATIVE ⭐ 8/10

REGULATORY 📅 02 Sep 2026, 04:19 PM

FACT received communication from the Ministry of Chemicals and Fertilizers charging penal interest on its outstanding Government of India loan effective from April 1, 2018. The total penal interest impact amounts to ₹389.51 Cr for the period April 1, 2018 to March 31, 2026, plus ₹48.69 Cr for FY 2026-27. FACT previously disclosed penal interest from April 2022 as a contingent liability and is now engaging with the Ministry to seek a full waiver.

Penal interest charged with retrospective effect from April 1, 2018 by the Ministry of Chemicals and Fertilizers
Past period financial impact (01.04.2018 to 31.03.2026) stands at ₹3,89,50,72,456
Current financial year (FY 2026-27) impact quantified at ₹48,68,84,057
Cumulative penal interest of ~₹438.20 Cr represents ~32.5% of FACT's net worth (₹1,350 Cr)
Company is taking up the matter with the Ministry for a waiver of the charged penal interest

💡 Track government responses to FACT's waiver application and monitor subsequent quarterly disclosures for any formal provisions or accounting adjustments.

FACT Appoints 2 Independent Directors; Seeks Waiver of NSE Fine for LODR Non-Compliance

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 27 Aug 2026, 02:16 PM

Fertilizers and Chemicals Travancore Limited (FACT) disclosed board comments regarding fines levied by NSE on May 27, 2026, for non-compliance with Regulation 17(1) of SEBI LODR regarding board composition. The Board, in its meeting on August 14, 2026, noted that director appointment powers lie with the Government of India and resolved to request a fine waiver. Concurrently, based on a Government of India notification, two Independent Directors were appointed to the Board on August 14, 2026. The company is continuing to pursue the Ministry of Chemicals & Fertilizers to appoint additional Independent Directors to ensure full compliance.

NSE issued a fine notice via letter dated May 27, 2026, for non-compliance with Regulation 17(1) of SEBI LODR.
Two Independent Directors were appointed to the Board on August 14, 2026, following Government of India notification.
Board advised management to request a waiver of SOP fines from NSE and follow up with the Ministry for remaining appointments.

💡 Track subsequent filings for further Independent Director appointments to achieve full SEBI LODR board composition compliance and whether the stock exchange grants a fine waiver.

FACT Clarifies NSE Query on Resignation of Independent Director Billeswar Sinha

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 17 Aug 2026, 06:40 PM

The Fertilisers and Chemicals Travancore Limited (FACT) provided a clarification to NSE regarding the resignation of Independent Director Shri Billeswar Sinha (DIN: 09393543). Shri Sinha resigned effective March 30, 2026, to contest the West Bengal Legislative Assembly election from the Barjora constituency. The company confirmed that the initial intimation was submitted on April 2, 2026, and that there were no other material reasons for his departure. Following his resignation, he also stepped down from the Nomination and Remuneration Committee.

Independent Director Billeswar Sinha resigned effective March 30, 2026 (close of business hours)
Resignation was tendered due to contesting the West Bengal Legislative Assembly election from Barjora constituency
FACT confirmed initial intimation was made to the exchange on April 2, 2026, followed by XBRL filing
The resigning director held directorships in NIL other listed entities and confirmed no other material reasons

💡 Track any future board appointments to ensure independent director regulatory thresholds are maintained; this is a routine compliance clarification with no financial impact.

FACT Appoints Narpat Singh Rathore and Ramawatar Rajgarhia as Independent Directors for 3 Years

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 17 Aug 2026, 10:56 AM

The Ministry of Chemicals and Fertilizers has appointed Shri Narpat Singh Rathore and Shri Ramawatar Rajgarhia as Non-Official/Independent Directors on the Board of FACT. The appointments are for a tenure of 3 years from the date of notification (August 13, 2026) or until further orders. Shri Rathore brings over 30 years of corporate HR experience, while Shri Rajgarhia is a qualified Chartered Accountant with expertise in finance and marketing. This constitutes routine PSU board governance and regulatory compliance.

Ministry of Chemicals and Fertilizers notified appointments via orders dated 13th August, 2026
Appointed Shri Narpat Singh Rathore (DIN: 11891786) and Shri Ramawatar Rajgarhia (DIN: 00507738) for a 3-year term
Shri Rathore brings over 30 years of corporate and HR experience across Energy, Power, and Infrastructure
Shri Rajgarhia is a Chartered Accountant (qualified in 1998) specializing in Finance, Sales, and Marketing

💡 Track subsequent board committee appointments and core operational updates in upcoming quarterly earnings releases.

FACT Q1 Results: Revenue up 49% YoY to ₹1,483 Cr; Net Profit at ₹4.28 Cr amid plant shutdowns

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 03:07 PM

FACT reported a 49.4% YoY increase in revenue to ₹1,483.85 cr for the quarter ended June 30, 2026. Despite the top-line growth, the company suffered an operational Loss Before Tax of ₹64.50 cr, compared to a profit of ₹7.08 cr in the same period last year, driven by a sharp rise in expenses to ₹1,512 cr. A significant deferred tax credit of ₹68.78 cr allowed the company to report a marginal Net Profit of ₹4.28 cr. Management highlighted a critical risk: temporary shutdowns of manufacturing plants due to raw material supply disruptions from West Asia geopolitical tensions.

Revenue from operations increased 49.4% YoY to ₹1,483.85 cr from ₹993.30 cr.
Recorded an operational Loss Before Tax of ₹64.50 cr, a sharp reversal from the ₹7.08 cr profit in Q1 FY26.
Net Profit of ₹4.28 cr was entirely supported by a deferred tax credit of ₹68.78 cr.
Petrochemical segment revenue plummeted to ₹3.87 cr from ₹1,039.66 cr in the preceding March 2026 quarter.
Confirmed temporary plant shutdowns post-June 2026 due to raw material shortages linked to West Asia geopolitical issues.

💡 Investors should monitor the duration of the plant shutdowns and the impact on Q2 FY27 volumes. The reliance on tax credits to maintain profitability and the sharp decline in the petrochemical segment are key areas of concern given the company's high debt-to-equity ratio of 2.95.

FACT Appoints 2 Independent Directors for a 3-Year Tenure

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Aug 2026, 07:24 PM

Fertilizers and Chemicals Travancore Limited (FACT) has appointed Mr. Narpat Singh Rathore and Mr. Ramawater Rajgarhia as Non-Executive Independent Directors effective August 13, 2026. These appointments were directed by the Ministry of Chemicals and Fertilizers for a fixed term of three years. As a PSU with 90% promoter holding and a high P/E of 1904.5, maintaining a compliant and functional board is a standard regulatory requirement. The move ensures the company adheres to SEBI corporate governance norms regarding independent oversight.

Appointment of 2 Non-Executive Independent Directors to the Board.
Tenure fixed for a period of 3 years from the date of notification.
Appointments initiated by the Ministry of Chemicals and Fertilizers via letters dated August 13, 2026.
Company maintains a high promoter holding of 90.0% as of March 2026.

💡 Investors should treat this as a routine administrative update. The focus remains on the company's ability to improve its 2.0% operating margin and manage its Rs 3,985 Cr debt load.

FACT Appoints Shri Sajo K.F. as Director (Technical) with 35+ Years Experience

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Jul 2026, 07:27 PM

The Fertilizers and Chemicals Travancore Limited (FACT) has appointed Shri Sajo K.F. as Director (Technical) effective July 27, 2026. Shri Sajo, an internal promotee, previously served as Chief General Manager and brings over 35 years of experience within the company. His tenure is scheduled until his superannuation on May 31, 2028. This appointment fills a critical technical leadership role for the company, which currently operates with a thin TTM operating margin of 2.0%.

Shri Sajo K.F. appointed as Director (Technical) effective July 27, 2026
Appointee brings over 35 years of diverse experience within FACT
Tenure fixed until superannuation date of May 31, 2028
Previously served as Chief General Manager – FEDO & FEW, focusing on engineering and consultancy
Appointment made by the Department of Fertilizers, Ministry of Chemicals and Fertilizers

💡 Investors should monitor if the new technical leadership can drive operational efficiencies to improve the company's low TTM PAT of Rs 28 Cr and OPM of 2.0%.

FACT Appoints RCFL's Niranjan Sonak as Director (Marketing) for 3-Month Term

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 06 Jul 2026, 09:13 PM

The Fertilizers and Chemicals Travancore Limited (FACT) has announced that Shri. Niranjan Suryabhan Sonak has assumed additional charge as Director (Marketing) effective July 6, 2026. This appointment, directed by the Ministry of Chemicals and Fertilizers, is for a temporary period of 3 months or until a regular incumbent is appointed. Mr. Sonak currently serves as Director (Marketing) at Rashtriya Chemicals and Fertilizers Limited (RCFL). This leadership transition occurs as the company manages a TTM revenue of Rs 5,293 Cr with a thin operating margin of 2.0%.

Shri. Niranjan Suryabhan Sonak assumed the additional charge of Director (Marketing) on July 6, 2026.
The appointment is for a duration of 3 months or until a regular incumbent joins, whichever is earlier.
Mr. Sonak is a B.Tech in Chemical Engineering and holds a Post Graduate Diploma in Marketing Management.
The appointee is currently the Director (Marketing) at Rashtriya Chemicals and Fertilizers Limited (RCFL).
The change is subject to the approval of the Appointments Committee of the Cabinet (ACC).

💡 Investors should monitor for the appointment of a permanent Director (Marketing) to ensure long-term strategic stability in the company's distribution network, which currently spans 5 states.

FACT Submits Quarterly SEBI Dematerialization Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Jul 2026, 04:29 PM

FACT has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ending June 30, 2026. The certificate, issued by Purva Sharegistry (India) Pvt. Ltd., confirms that physical share certificates received for dematerialization were processed, cancelled, and the depository's name substituted in the register of members. This is a standard administrative filing required of all listed companies to ensure the integrity of electronic shareholding records. There is no impact on the company's financial performance or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation provided by Registrar and Share Transfer Agent, Purva Sharegistry (India) Pvt. Ltd.
Verification and cancellation of physical share certificates completed within prescribed timelines
Maintains regulatory standing for a company with a 90.0% promoter holding

💡 This is a routine procedural filing. Investors should focus on upcoming quarterly earnings to monitor the company's 2.0% operating margin and high debt-to-equity ratio of 2.95.

View All FACT Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue grew 39.93% YoY to INR 6,221.46 Cr. Fertilizer segment revenue reached INR 5,437.15 Cr (+35.23% YoY), Petrochemical segment revenue reached INR 774.51 Cr (+89.22% YoY), and Other segments contributed INR 9.81 Cr (-39.74% YoY).

Geographic Revenue Split

Marketing offices across 5 states contributed INR 2,408.97 Cr, representing approximately 38.72% of total consolidated revenue.

Profitability Margins

Net profit ratio improved from 8% in FY22 to 10% in FY23. Return on Capital Employed (ROCE) increased from 16% to 19% YoY, driven by better margins from long-term raw material procurement contracts.

EBITDA Margin

Operating profit (PBIT) reached INR 735.79 Cr in FY23, a 26.74% increase from INR 580.55 Cr in FY22. Core profitability was bolstered by a 26.34% improvement in the net profit ratio attributed to raw material cost management.

Capital Expenditure

Historical capital expenditure was recorded at INR 22.96 Cr in earlier cycles; current year additions to non-current assets for joint ventures were noted at INR 2.34 Cr.

Credit Rating & Borrowing

Not disclosed in available documents; however, interest expense was historically significant at INR 147.63 Cr during loss-making periods (FY13).

⚙️ Operational Drivers

Raw Materials

Specific raw material names are not explicitly listed, but the company utilizes long-term procurement contracts to stabilize input costs for its fertilizer and petrochemical divisions.

Raw Material Costs

Raw material costs are managed through long-term contracts which improved net margins by 26.34% YoY. Procurement strategies focus on long-term price stability to mitigate global commodity volatility.

Logistics & Distribution

Distribution is handled through marketing offices in 5 states, which generated INR 2,408.97 Cr in revenue.

📈 Strategic Growth

Expected Growth Rate

39.93%

Growth Strategy

Growth is driven by the expansion of the Petrochemical segment (+89.22% YoY) and the Fertilizer segment (+35.23% YoY). The strategy relies on long-term raw material contracts to maintain competitive pricing and leveraging marketing networks across 5 key states.

Products & Services

Fertilizers (NPK, Ammonium Sulphate), Petrochemicals (Caprolactam), and Engineering/Consultancy services (Contract Operations).

Brand Portfolio

FACT (Fertilisers and Chemicals Travancore Limited).

Market Expansion

Marketing operations are currently concentrated in 5 states; expansion plans into new regions were not specifically detailed.

Strategic Alliances

Joint Venture with Rashtriya Chemicals & Fertilizers (RCF) for FACT-RCF Building Products Ltd, though a 100% provision for diminution in value has been made.

🌍 External Factors

Industry Trends

The industry is shifting toward long-term supply security for raw materials. FACT is positioning itself by stabilizing margins through contract-based procurement and expanding its petrochemical footprint.

Competitive Landscape

Key competitors include other major public and private sector fertilizer manufacturers in India; FACT maintains a strong regional presence in 5 states.

Competitive Moat

Moat is built on long-term raw material procurement contracts and an established marketing network in South India. This advantage is sustainable as long as supply contracts are renewed at favorable terms.

Macro Economic Sensitivity

Highly sensitive to agricultural demand and government subsidy policies, as fertilizers represent 87.4% of total revenue.

Consumer Behavior

Demand is driven by farmer consumption patterns and seasonal monsoon cycles affecting fertilizer application.

Geopolitical Risks

Vulnerable to global raw material supply disruptions, partially mitigated by long-term procurement contracts.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the DPE Corporate Governance guidelines and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Taxation Policy Impact

The company is subject to the Central Excise Act and Service Tax (Finance Act 1994).

Legal Contingencies

Pending claims not acknowledged as debts include INR 133.13 Cr under the Central Excise Act and INR 3.61 Cr for Service Tax disputes.

⚠️ Risk Analysis

Key Uncertainties

Significant uncertainty arises from pending litigations (INR 136.74 Cr) and the inherent limitations of internal financial controls regarding the prevention of fraud or error.