Company Overview
Chambal Fertilisers and Chemicals Limited has released comprehensive disclosures covering its 41st Annual General Meeting notice, standalone financial results for FY 2025-26, and consolidated financial statements, demonstrating strong operational performance and regulatory compliance.
Financial Performance Highlights
For FY 2025-26, the company reported standalone revenue of ₹20,793.66 crore (up from ₹16,646.20 crore in FY25) and profit of ₹1,949.67 crore (compared to ₹1,656.79 crore in FY25). The consolidated financial statements show profit attributable to equity holders of ₹1,953.39 crore with basic and diluted EPS of ₹48.76. Key operational metrics include urea production of 33.70 lakh MT and sales of 34.06 lakh MT, along with significant growth in complex fertilisers segment revenue to ₹7,025.14 crore.
AGM and Corporate Actions
The 41st Annual General Meeting is scheduled for September 1, 2026, to be conducted via video conferencing. Key agenda items include adoption of financial statements, declaration of final dividend of ₹6 per share (60%), re-appointment of director Chandra Shekhar Nopany, and special resolution for continuation of independent director Rita Menon beyond age 75. The total dividend for FY26 amounts to ₹11 per share (110%) with total outgo of ₹440.72 crore, subject to shareholder approval.
Subsidy and Government Receivables
A significant aspect of the financials is the subsidy recognition of ₹13,829.82 crore during FY26, with subsidy receivable balance increasing substantially to ₹1,954.06 crore as of March 31, 2026 (from ₹265.45 crore previous year). The consolidated statements show total subsidy receivables of ₹2,077.62 crore from Government of India, with ₹123.56 crore considered credit impaired.
BRSR Core Assurance and ESG Compliance
The company obtained limited assurance from Moore Singhi Advisors LLP on BRSR Core disclosures covering nine ESG attributes for operations from April 2025 to March 2026. The assurance engagement covered greenhouse gas footprint, water footprint, energy consumption, circularity and waste management, employee wellbeing, gender diversity, inclusive development, customer/supplier engagement, and business openness metrics.
Capital Expenditure and Expansion Projects
Capital work-in-progress stood at ₹1,388.69 crore, primarily for the Technical Ammonium Nitrate Project expansion at Gadepan, Rajasthan. The company is setting up a 2,40,000 MTPA TAN plant with weak nitric acid capacity of 2,10,000 MTPA, with construction nearing completion under a lumpsum turnkey contract awarded to Larsen & Toubro Limited.
Corporate Governance and Director Details
The Board comprises 8 Directors including 4 Independent Directors, with 4 meetings held during FY26. Mr. Chandra Shekhar Nopany (proposed for re-appointment) holds 2,80,192 equity shares and serves on boards of 8 other Indian companies. Mrs. Rita Menon (subject to special resolution for continuation beyond age 75) is a former IAS officer and serves on additional boards including Paradeep Phosphates Limited.
Subsidiaries and Joint Ventures
The company maintains subsidiaries including CFCL Ventures Limited and Chambal Infrastructure Ventures Limited, along with joint venture IMACID in Morocco (33.33% stake) which produced 4,58,414 MT Phosphoric Acid and generated revenue of Moroccan Dirham 4,931.37 million (₹4,699.60 crore) with PAT of Moroccan Dirham 405.49 million (₹386.43 crore) for FY26.
Shareholding and Corporate Structure
The paid-up capital remains at ₹400.65 crore with 40,06,52,297 equity shares. Promoters and promoter group hold 61.34% while institutions hold 23.16% and non-institutions 15.49%. The company completed a ₹700 crore share buyback of 1,55,55,555 equity shares at ₹450 per share in the previous year.
Regulatory Compliance and Tax Matters
The company has complied with SEBI circulars regarding BRSR disclosures and other regulatory requirements. It has opted for Section 115BAA concessional tax regime at 25.168% effective rate. Contingent liabilities include tax disputes of ₹176.99 crore and various other claims. CSR expenditure for FY26 was ₹36.50 crore with unspent amount of ₹6.58 crore transferred to CSR Unspent Account.