The Fertilisers and Chemicals Travancore Limited (FACT) was incorporated in 1943, marking its inception as the first large-scale fertilizer plant in India, located in Udyogamandal, Kochi, Kerala. Initially a private sector initiative by M/s. Seshasayee Brothers, FACT transitioned to the public sector in 1960, with the Government of India becoming the major shareholder by 1962. The company operates under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers. From its modest beginnings, FACT has grown into a multi-divisional organization, expanding its operations significantly over the years. The parent division at Udyogamandal saw four phases of expansion until 1972, enhancing technology and capacity. To further bolster its capabilities, FACT established the FACT Engineering & Design Organisation (FEDO) in the 1960s to provide engineering consultancy services for chemical and fertilizer plant design and construction, and the FACT Engineering Works (FEW) for fabrication in 1966.
FACT’s expansion continued with the establishment of the Cochin Division in two phases at Ambalamedu near BPCL-Kochi Refineries. The first phase included the Ammonia-Urea Complex, commissioned in 1973, and the second phase saw the addition of Sulphuric Acid, Phosphoric Acid, and a Complex Fertiliser Plant between 1976-78. In 1990-91, FACT ventured into the petrochemical industry with the commissioning of the Petrochemical Division at Udyogamandal for Caprolactam production. A new Ammonia Plant, costing ₹638 crore, was commissioned in 1998, further strengthening the company’s production capacity. FACT’s authorized share capital stands at ₹1,000 crore, with issued and subscribed capital at ₹647.07 crore. FACT’s journey, marked by leadership from visionaries such as Shri M.K.K Nair, who served from 1960 to 1971 and was instrumental in establishing various plants and divisions, has seen its share of challenges and successes. Today, FACT is recognized as one of India’s largest fertilizer enterprises, exemplifying the success of the public sector in industrial growth and development.
Shareholding Patterns of Fertilizers & Chemicals Travancore
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 90.00% | 90.00% | 90.00% | 90.00% | 90.00% |
| FIIs + | 0.05% | 0.07% | 0.11% | 0.11% | 0.12% |
| DIIs + | 0.01% | 8.58% | 8.59% | 8.61% | 8.60% |
| Government + | 8.96% | 0.40% | 0.40% | 0.40% | 0.40% |
| Public + | 0.97% | 0.95% | 0.90% | 0.89% | 0.88% |
| No. of Shareholders | 44,503 | 54,769 | 61,556 | 58,568 | 92,862 |
The shareholding pattern of Fertilizers & Chemicals Travancore (FACT) has remained stable, with promoters consistently holding a 90% stake from June 2023 to June 2024, reflecting strong control and confidence in the company. Meanwhile, Foreign Institutional Investors (FIIs) have shown a gradual increase in their stake from 0.05% in June 2023 to 0.12% in June 2024. Domestic Institutional Investors (DIIs) have significantly ramped up their holdings from 0.01% to around 8.60% over the same period, indicating rising domestic interest. The government’s shareholding dramatically decreased from 8.96% in June 2023 to 0.40% in the subsequent quarters, signaling a substantial reduction of its stake, while the public shareholding marginally decreased from 0.97% to 0.88%. The number of shareholders grew notably from 44,503 to 92,862, indicating increased interest from retail investors despite the steady overall distribution among key stakeholders.
How to Buy Fertilizers & Chemicals Travancore Shares?
Below are the trading platforms that you can use to purchase Fertilizers & Chemicals Travancore shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Fertilizers & Chemicals Travancore Share Price Prediction 2024 – 2030
Fertilizers & Chemicals Travancore Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 1,001.15 | 870.57 |
| October 2024 | 991.24 | 861.95 |
| November 2024 | 1,030.89 | 896.43 |
| December 2024 | 1,041.20 | 905.39 |
In September 2024, Fertilizers & Chemicals Travancore’s maximum price is expected to reach ₹1,001.15, while the minimum price may be around ₹870.57. Moving into October 2024, the stock’s maximum price is likely to be ₹991.24, with a minimum of ₹861.95. In November 2024, the price could rise further, with a maximum of ₹1,030.89 and a minimum of ₹896.43. By December 2024, Fertilizers & Chemicals Travancore’s maximum price is anticipated to be ₹1,041.20, while the minimum price might be approximately ₹905.39.
Fertilizers & Chemicals Travancore Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 1,051.61 | 808.93 |
| February 2025 | 1,062.23 | 817.10 |
| March 2025 | 1,084.54 | 834.26 |
| April 2025 | 1,073.80 | 826.00 |
| May 2025 | 1,042.53 | 801.94 |
| June 2025 | 1,089.44 | 838.03 |
| July 2025 | 1,068.08 | 821.60 |
| August 2025 | 1,101.11 | 847.01 |
| September 2025 | 1,114.33 | 857.17 |
| October 2025 | 1,143.30 | 879.46 |
| November 2025 | 1,171.88 | 901.45 |
| December 2025 | 1,224.62 | 942.01 |
As we move through 2025, Fertilizers & Chemicals Travancore’s prices are projected to steadily rise. Starting in January, the maximum price could be around ₹1,051.61 with a minimum of ₹808.93. By mid-year, in June, the price is expected to peak at ₹1,089.44 and dip to ₹838.03. As we progress to September, the maximum is anticipated to reach ₹1,114.33, with a minimum of ₹857.17. Towards the end of the year in December, the maximum price could climb to ₹1,224.62, with a minimum of ₹942.01.
Fertilizers & Chemicals Travancore Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 1,261.35 | 970.27 |
| February 2026 | 1,229.82 | 946.02 |
| March 2026 | 1,254.42 | 964.94 |
| April 2026 | 1,280.02 | 984.63 |
| May 2026 | 1,267.34 | 974.88 |
| June 2026 | 1,299.03 | 999.25 |
| July 2026 | 1,273.56 | 979.66 |
| August 2026 | 1,312.94 | 1,009.96 |
| September 2026 | 1,339.20 | 1,030.16 |
| October 2026 | 1,374.02 | 1,056.94 |
| November 2026 | 1,408.37 | 1,083.36 |
| December 2026 | 1,443.58 | 1,110.45 |
Fertilizers & Chemicals Travancore Share Price Prediction 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 1,458.02 | 1,121.55 |
| February 2027 | 1,495.40 | 1,150.31 |
| March 2027 | 1,553.72 | 1,195.17 |
| April 2027 | 1,523.26 | 1,171.74 |
| May 2027 | 1,478.89 | 1,137.61 |
| June 2027 | 1,545.44 | 1,188.80 |
| July 2027 | 1,515.14 | 1,165.49 |
| August 2027 | 1,562.00 | 1,201.54 |
| September 2027 | 1,616.67 | 1,243.59 |
| October 2027 | 1,658.70 | 1,275.93 |
| November 2027 | 1,700.17 | 1,307.82 |
| December 2027 | 1,742.68 | 1,340.52 |
Fertilizers & Chemicals Travancore Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,777.53 | 1,367.33 |
| February 2028 | 1,823.11 | 1,402.39 |
| March 2028 | 1,894.21 | 1,457.08 |
| April 2028 | 1,857.07 | 1,428.51 |
| May 2028 | 1,802.98 | 1,386.91 |
| June 2028 | 1,884.11 | 1,449.32 |
| July 2028 | 1,847.17 | 1,420.90 |
| August 2028 | 1,904.30 | 1,464.84 |
| September 2028 | 1,970.95 | 1,516.11 |
| October 2028 | 2,022.19 | 1,555.53 |
| November 2028 | 2,072.75 | 1,594.42 |
| December 2028 | 2,124.56 | 1,634.28 |
Fertilizers & Chemicals Travancore Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 2,167.06 | 1,666.97 |
| February 2029 | 2,222.62 | 1,709.71 |
| March 2029 | 2,309.30 | 1,776.39 |
| April 2029 | 2,264.02 | 1,741.56 |
| May 2029 | 2,198.08 | 1,690.83 |
| June 2029 | 2,296.99 | 1,766.92 |
| July 2029 | 2,251.96 | 1,732.27 |
| August 2029 | 2,321.60 | 1,785.85 |
| September 2029 | 2,402.86 | 1,848.35 |
| October 2029 | 2,465.33 | 1,896.41 |
| November 2029 | 2,526.97 | 1,943.82 |
| December 2029 | 2,590.14 | 1,992.42 |
Fertilizers & Chemicals Travancore Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 2,641.94 | 2,032.27 |
| February 2030 | 2,709.69 | 2,084.37 |
| March 2030 | 2,815.36 | 2,165.67 |
| April 2030 | 2,760.16 | 2,123.20 |
| May 2030 | 2,679.77 | 2,061.36 |
| June 2030 | 2,800.36 | 2,154.12 |
| July 2030 | 2,745.45 | 2,111.88 |
| August 2030 | 2,830.36 | 2,177.20 |
| September 2030 | 2,929.42 | 2,253.40 |
| October 2030 | 3,005.59 | 2,311.99 |
| November 2030 | 3,080.73 | 2,369.79 |
| December 2030 | 3,157.75 | 2,429.03 |
In 2030, Fertilizers & Chemicals Travancore’s prices are expected to continue their upward trend. In January, the maximum price is forecasted to reach ₹2,641.94, with a minimum of ₹2,032.27. By June, the maximum price could rise to ₹2,800.36, with a minimum of ₹2,154.12. As we approach September, the prices are anticipated to further increase, with the maximum reaching ₹2,929.42 and the minimum at ₹2,253.40. By December, Fertilizers & Chemicals Travancore’s prices are projected to peak for the year, with a maximum of ₹3,157.75 and a minimum of ₹2,429.03.
Financial Condition of Fertilizers & Chemicals Travancore: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,770 | 3,259 | 4,425 | 6,198 | 5,055 | 4,422 |
| Expenses + | 2,491 | 2,708 | 3,829 | 5,443 | 4,695 | 4,266 |
| Operating Profit | 279 | 551 | 596 | 755 | 359 | 156 |
| OPM % | 10% | 17% | 13% | 12% | 7% | 4% |
| Other Income + | 1,004 | 68 | 22 | 136 | -42 | 24 |
| Interest | 289 | 245 | 244 | 247 | 247 | 246 |
| Depreciation | 18 | 23 | 27 | 30 | 27 | 27 |
| Profit before tax | 976 | 350 | 346 | 613 | 44 | -93 |
| Tax % | 0% | 0% | 0% | 0% | -236% | |
| Net Profit + | 976 | 350 | 346 | 613 | 146 | 26 |
| EPS in Rs | 15.08 | 5.42 | 5.35 | 9.47 | 2.26 | 0.4 |
| Dividend Payout % | 0% | 0% | 0% | 11% | 0% |
The financial performance of Fertilizers & Chemicals Travancore (FACT) over the past five years shows a company experiencing growth in sales but facing challenges in maintaining profitability and managing expenses.
Sales and Expenses:
From March 2020 to March 2023, FACT saw consistent growth in sales, peaking at ₹6,198 crore in March 2023. However, in March 2024, sales declined to ₹5,055 crore. Expenses have also increased over this period, reaching ₹5,443 crore in March 2023 before decreasing slightly to ₹4,695 crore in March 2024. The rising expenses have impacted the operating profit, which saw a decline from ₹755 crore in March 2023 to ₹359 crore in March 2024.
Profitability Metrics:
The Operating Profit Margin (OPM) peaked at 17% in March 2021 but has declined steadily to 7% in March 2024 and further to 4% in the trailing twelve months (TTM). This trend reflects the company’s struggle to control costs relative to its sales growth. Other income was notably high in March 2020 at ₹1,004 crore but turned negative in March 2024, indicating volatility in non-operational income sources. Interest costs have remained steady, around ₹245 crore annually, while depreciation has shown a slight increase over the years.
Profit and Taxation:
Profit before tax was highest in March 2020 at ₹976 crore but dropped significantly in subsequent years, reaching just ₹44 crore in March 2024 and turning negative in TTM. Interestingly, the tax rate was 0% for most years but dropped to -236% in March 2024, indicating a potential tax credit or benefit situation. The net profit reflects this volatility, dropping from ₹976 crore in March 2020 to just ₹146 crore in March 2024.
Earnings Per Share (EPS) and Dividend Payout:
EPS followed a declining trend from ₹15.08 in March 2020 to ₹2.26 in March 2024, reflecting reduced profitability. The dividend payout remained non-existent until March 2023 when it reached 11%, only to fall back to 0% in March 2024.
Overall, FACT has shown resilience in growing its sales but faces challenges with profitability and expense management, which is critical for its financial health moving forward.
FAQs
What is Fertilizers & Chemicals Travancore Ltd’s current market capitalization?
Fertilizers & Chemicals Travancore Ltd’s current market capitalization is ₹62,559 Crores.
What is the projected share price target for Fertilizers & Chemicals Travancore Ltd in 2025?
The projected share price target for Fertilizers & Chemicals Travancore Ltd in 2025 ranges from ₹801.94 to ₹1,224.62.
What is Fertilizers & Chemicals Travancore’s forecasted share price target for 2030?
Fertilizers & Chemicals Travancore’s forecasted share price target for 2030 ranges from ₹2,032.27 to ₹3,157.75.
What is Fertilizers & Chemicals Travancore’s current price-to-earnings (P/E) ratio?
Fertilizers & Chemicals Travancore Ltd’s current stock P/E ratio is 297.
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Conclusion
In conclusion, Fertilizers & Chemicals Travancore Limited (FACT) has demonstrated consistent growth and expansion since its inception in 1943, evolving into one of India’s largest fertilizer enterprises. The company’s strategic expansions, technological upgrades, and diversification into engineering services and petrochemicals have significantly bolstered its capabilities. FACT’s shareholding pattern indicates a stable control by promoters, with growing interest from both domestic and foreign institutional investors, while the government has notably reduced its stake.
Looking forward, FACT’s share price projections from 2024 to 2030 suggest a steady upward trajectory, reflecting investor confidence and the company’s strong market position. Prices are expected to progressively rise, with maximum values potentially reaching ₹3,157.75 and minimum values around ₹2,429.03 by December 2030. This outlook underscores FACT’s potential for long-term value appreciation, driven by its established market presence and continued operational enhancements.
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