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The Fertilisers and Chemicals Travancore Limited (FACT) Fair Value & Analysis

Basic Materials · IN · Market cap ₹509B (≈ $5.4B) · ISIN INE188A01015

What is The Fertilisers and Chemicals Travancore Limited really worth?

TF The Fertilisers and Chemicals Travancore Limited FACT · BSE
Price₹801.90
Fair Value₹643.44
Upside−19.8%
Quality51/100

A solid business, but trading 25% above our fair value of ₹643.44.

As of Aug 20, 2026, the fair value of The Fertilisers and Chemicals Travancore Limited is ₹643.44 per share against a price of ₹801.90, so the fair value sits 20% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

Risks

!Weak Growth (revenue 5y +20.6 %/yr)
!Thin margins · 7.7% net margin
!Low debt · negative free cash flow
!Trails peers (1/9)
!Narrow moat 29/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 15 out of 100
Evidence: Medium Range ₹591.81 – ₹687.41

Fair value as of: Aug 20, 2026

From 6 valuation models · updated 17 days ago

Share price −4.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (₹687.41). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

₹1,132 ₹86.96 Fair Value ₹643.44 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹86.96 – ₹1,132 · fair‑value band ₹591.81 – ₹687.41 · the ₹801.90 price screens above the ₹643.44 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

The Fertilisers and Chemicals Travancore Limited (FACT) currently trades at ₹801.90, while our model-based Fair Value estimate is ₹643.44, implying the stock looks roughly 24.6% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bull case: the Asset-Based group reads highest at a median of ₹912.30 per share, and 2 of the 6 models we run sit above the ₹801.90 price. Bear case: the Earnings-Based group reads lowest at ₹484.21, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, The Fertilisers and Chemicals Travancore Limited generated revenue of ₹23.3B at a net margin of 7.7%. Revenue grew 40.9% year over year. It earns a return on equity of 7.8%. Net debt stands at ₹37.8B. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹591.81 (bear case) to ₹687.41 (bull case); at ₹801.90, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 9% fair-value upside, at −20%, FACT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder ₹437.23 ₹484.21 ₹525.98 72
EPV ₹437.23 ₹484.21 ₹525.98 71
EV/EBITDA ₹693.69 ₹867.93 ₹1,043 67
All 6 models by family
Earnings-Based
EPV ₹437.23 ₹484.21 ₹525.98 71
Multiples
EV/EBIT ₹525.32 ₹643.44 ₹761.56 66
EV/EBITDA ₹693.69 ₹867.93 ₹1,043 67
EV/Revenue ₹477.69 ₹609.51 ₹741.33 54
Asset-Based
NCAV (Graham) ₹680.64 ₹912.30 ₹1,362 54
Economic Profit
ROIC Compounder ₹437.23 ₹484.21 ₹525.98 72

Widest divergence: Asset-Based (₹912.30) versus Earnings-Based (₹484.21). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

P/S ratio 21.8 TTM
EPS (TTM) ₹−1.67
Dividend yield 0.0%
Net margin −0.7% FY2026
Return on equity 7.8% TTM
Return on assets (EBIT) 6.8% avg 5y
More key figures
Profitability
Operating margin 2.4% TTM
Growth
Revenue (TTM) ₹23.3B TTM
Revenue growth (YoY) +40.9% 3y avg −2.6%
EPS growth (YoY) −95.4%
Balance sheet & cash flow
Free cash flow −₹11.1B FY2026
Net debt ₹37.8B FY2026

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 47 · Market factors (momentum, volatility) 46

Profitability 28
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

The Fertilisers and Chemicals Travancore Limited manufactures and markets fertilizers and petrochemicals in India. It operates through Fertilizer and Petrochemical segments.

Full company description

The Fertilisers and Chemicals Travancore Limited manufactures and markets fertilizers and petrochemicals in India. It operates through Fertilizer and Petrochemical segments. The company offers complex fertilizers, including ammonium phosphate and sulphate, and zincated factamfos; straight fertilizers, such as ammonium sulphate; organic fertilizers under the FACT Organic and FACT Organic Plus brands; bio-fertilizers comprising azospirillum, rhizobium, and phosphate solubilizing bacteria under the BIOFACT brand; and bagged gypsum under the FACT Gypsum brand. It also provides caprolactam, such as benzene, sulphur, ammonia, and carbon dioxide for use in manufacturing nylon tyre cords, nylon filament yarns, and engineering plastics, etc. for the textile and automobile industries; and by-products comprising anhydrous ammonia, cyclohexanone, soda ash, nitric acid, gypsum, sulphuric acid, and coloured-ammonium sulphate. In addition, the company imports fertilizers, including muriate of potash and others; and offers various services for farmers. Further, it engages in engineering consultancy and design; and fabrication and erection of industrial equipment activities. The Fertilisers and Chemicals Travancore Limited was incorporated in 1943 and is headquartered in Kochi, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Fertilisers and Chemicals Travancore Limited reported revenue of ₹57.2B in FY2026 versus ₹27.2B in FY2022, a compound +20.5%/yr. Reported net income was −₹396M in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹57.2B
Latest YoY
+41.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.6%
Avg. revenue growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.7%
EBIT margin (trend) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
23.1% (2021) → 0.6% (2026)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +20.5%/yr
FY22 ₹27.2B
FY23 ₹62.0B
FY24 ₹29.4B
FY25 ₹40.5B
FY26 ₹57.2B
Net income
FY22 ₹3.5B
FY23 ₹6.1B
FY24 ₹1.3B
FY25 ₹412M
FY26 −₹396M

FACT screens 25% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "The Fertilisers and Chemicals Travancore Limited Fair Value". https://www.fairvalue-calculator.com/stock/FACT.BSE

Peer Group

Agricultural Inputs · 176 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Below median
Fair Value upside −20% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 2% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth 41% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/B 0.40× · Cheaper than 75% of peers
P/S (TTM) 0.23× · Cheaper than 75% of peers
EV/EBITDA 0.8× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE15 · sector 26
FUTURE0 · sector 41
PAST0 · sector 38
HEALTH0 · sector 87
DIVIDEND0 · sector 56

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $78.57 $27.81 −65%
Nutrien Ltd NTR C$103.71 C$113.16 +9%
Qinghai Salt Lake Industry Co 000792 ¥27.65 ¥21.26 −23%
CF Industries Holdings CF $125.79 $161.00 +28%
Yara International ASA YAR kr 437.20 kr 630.39 +44%
Yunnan Yuntianhua Co 600096 ¥31.58 ¥42.12 +33%
The Mosaic Company MOS $23.60 $28.68 +22%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥45.86 ¥38.01 −17%
ICL Group ICL $5.47 $2.98 −46%
Coromandel International Limited COROMANDEL ₹2,039 ₹817.06 −60%

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Frequently asked questions

Is The Fertilisers and Chemicals Travancore Limited (FACT) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹643.44 versus a price of ₹801.90, about −20% upside (overvalued).
What is the fair value of FACT?
Our model-based fair value for The Fertilisers and Chemicals Travancore Limited is ₹643.44 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹801.90.
What is the quality score of FACT?
The Fertilisers and Chemicals Travancore Limited has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for The Fertilisers and Chemicals Travancore Limited (FACT)?
Our model-based price target is the fair value of ₹643.44 (as of Aug 20, 2026) from 6 valuation models. Cautious scenario ₹591.81, optimistic scenario ₹687.41. It is a calculation from audited fundamentals, not an analyst target.
What is the The Fertilisers and Chemicals Travancore Limited stock forecast for 2026?
Our models put fair value at ₹643.44, about −20% upside versus a price of ₹801.90 (overvalued). Cautious scenario ₹591.81, optimistic scenario ₹687.41. The calculation is refreshed regularly with new filings.
What is the revenue of The Fertilisers and Chemicals Travancore Limited (FACT)?
The Fertilisers and Chemicals Travancore Limited reported trailing-twelve-month revenue of about ₹23.3B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of FACT?
The net profit margin of The Fertilisers and Chemicals Travancore Limited is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does The Fertilisers and Chemicals Travancore Limited pay a dividend?
The Fertilisers and Chemicals Travancore Limited currently shows a dividend yield of about 0.05% relative to its recent price (as of Aug 20, 2026).
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