Date: Not explicitly stated in document

Financial Results (Standalone)

Q1 FY27 Performance (₹ in Lacs):

  • Revenue from Operations: ₹22,480 (vs. ₹19,031 in Q1 FY26) - +18% YoY
  • Other Income: ₹75 (vs. ₹63 in Q1 FY26) - +19% YoY
  • Total Income: ₹22,555 (vs. ₹19,095 in Q1 FY26) - +18% YoY
  • Cost of Materials Consumed: ₹17,136 (vs. ₹12,936 in Q1 FY26) - +32% YoY
  • Purchase of Stock in Trade: ₹8 (vs. ₹235 in Q1 FY26) - -96% YoY
  • Changes in Inventories: -₹2,538 (vs. -₹762 in Q1 FY26) - +233% YoY
  • Employee Benefit Expenses: ₹948 (vs. ₹887 in Q1 FY26) - +7% YoY
  • Finance Cost: ₹405 (vs. ₹352 in Q1 FY26) - +15% YoY
  • Depreciation & Amortisation: ₹179 (vs. ₹195 in Q1 FY26) - -8% YoY
  • Other Expenses: ₹4,136 (vs. ₹3,105 in Q1 FY26) - +33% YoY
  • Total Expenses: ₹20,274 (vs. ₹16,948 in Q1 FY26) - +20% YoY
  • EBITDA: ₹2,865 (vs. ₹2,693 in Q1 FY26) - +6% YoY
  • PBT: ₹2,281 (vs. ₹2,146 in Q1 FY26) - +6% YoY
  • Tax: ₹575 (vs. ₹543 in Q1 FY26) - +6% YoY
  • PAT: ₹1,706 (vs. ₹1,603 in Q1 FY26) - +6% YoY
  • EPS (FV ₹5/share): ₹4.8 (vs. ₹4.5 in Q1 FY26) - +6% YoY

Q1 Key Highlights

  • Achieved highest-ever first-quarter turnover of ₹22,480 Lacs
  • Fertilizer Segment achieved its highest-ever Q1 turnover of ₹22,123 Lacs
  • Second-highest ever Q1 PAT of ₹1,706 Lacs
  • Core focus on value added products
  • Highest-ever Q1 EBITDA of ₹2,865 Lacs, up 6% YoY despite input cost pressures
  • West Asia conflict led to 15–20% increase in prices of key raw materials, resulting in higher input costs (effect passed on to customers)
  • Secured fresh supply contract with HURL for supply of SSP and Urea-SSP
  • Maintains ICRA A- credit rating
  • Quarter characterized by significant volatility in the US dollar
  • Dhule and Udaipur new plant projects continue to progress on schedule

Project Updates

Dhule SSP Plant:

  • Phase 1: Trial production targeted for Q2 FY 2026-27
  • Advanced commissioning stage - infrastructure substantially complete

Strategic Vision & Growth Plans

  • Target to become ₹2000+ Cr turnover company with key focus on Chemicals & Fertilizers Segment
  • Strategic entry into Complex P&K, NPK and DAP Fertilizer Manufacturing
  • Become key leader in SSP fertilizer on Pan India level
  • Become trusted and leading provider of one-stop Agri-solutions for Indian farmers
  • Build strong brand equity and farmer loyalty across key markets
  • Focus on value added Complex Urea fertilizer products & soya division
  • Explore more industrial chemicals products to de-risk from product dependency
  • Expand Fertilizers Product Portfolio by including P&K Fertilizers Imports
  • Capacity expansion by commissioning of Dhule Complex in phased manner
  • Profitable growth through capacity expansion and new geographies
  • Reduce operating cost by attaining economies of scale at all units, focus on R&D and Automation
  • Adopt green manufacturing practices and reduce environmental footprint
  • Community enrichment & welfare of poor people
  • Strategic partnerships with Agri-universities for innovation and farmer outreach

Company History & Milestones

Growth Journey (1984-2026):

  • 1987: Fertilizer plant with capacity of 1,65,000 MT PA; first acid plant at Indore
  • 1992: Soya crushing plant at Indore with capacity of 1,20,000 MT
  • 1995: Acquired fertilizer plant with capacity of 1,32,000 MT PA at Pune
  • 1996: Fertilizer plant with capacity of 1,32,000 MT PA at Udaipur
  • 2001: Negative net worth; Company referred to BIFR
  • 2009: Expansion of fertilizer plant from 1,32,000 MT to 1,81,000 MT at Udaipur
  • 2010: Won FAI's Best SSP Production Performance Award - 1st time
  • 2012: Expansion of fertilizer plant from 1,65,000 MT to 2,50,000 MT PA at Indore
  • 2013: Won FAI's Best SSP Production Performance Award - 2nd time
  • 2016: Greenfield Micro-Nutrient plant at Indore
  • 2017: Second acid plant at Indore & solar plant at Udaipur; expansion of fertilizer plant from 1,81,000 MT to 2,50,000 MT PA at Udaipur
  • 2018: Successful implementation of SAP ERP software; won FAI's Best SSP Production Performance Award - 4th time
  • 2019: Greenfield LABSA plant at Udaipur
  • 2020: Exited CDR after repayment of recompensation; acquired 66,000 MT plant at Nimbahera on lease; acquired 54 acres land in Dhule; listed on NSE - highest market cap ₹915 Cr
  • 2021: Received EC for Dhule project; release of 41% of pledged shares of promoter group from WC lenders
  • 2023: Automation implementation in production; NABL-accredited QC labs at Indore, Pune & Udaipur; ISO certified, 6th FAI Award for Best Production Performance; launched BORON, PDM, CALCI-N & water-soluble fertilizer; introduced Magnesium Fortified Boron Zinc SSP
  • 2024: Commissioned new complex fertilizer 'Urea SSP' in Udaipur; first imported 'MOP'
  • 2025: Extension of Nimbahera lease for 5 years; commissioned 'Urea SSP' plant in Indore; Udaipur plant construction start; SSP plant expansion by 65,000 MTPA; new GSSP, PDM & PROM plant - 49,000 MTPA