Chambal Fertilisers and Chemicals Ltd 

(CFCL) is an
Indian agrochemicals manufacturing company based in Kota in Rajasthan.
Established in the year 1985 by KK Birla Group, Chambal Fertilisers is the largest
manufacturer of Urea in the private sector with an installed capacity of 1.5 million
tonnes per annum. The fertiliser plant is located at Gadepan, Kota district, Rajasthan

TypePublic
Traded as
 BSE: 500085
 NSE: CHAMBLFERT

Industry

 Agrichemicals

Founded1985; 37 years agoHeadquarters

Kota, Rajasthan
, 
India
Key people
 Saroj Poddar (Chairman)[1]
 Shyam Sunder Bhartia (Co Chairman)

Products
 Fertilisers

 Pesticides[2]

ParentKK Birla GroupWebsitechambalfertilisers.com

The main activity of CFCL is the manufacture of nitrogenous fertiliser viz. production
of Urea. CFCL is also involved in trading of many agricultural inputs. The company
has also entered into the software, spinning and miniature potato seeds businesses.
[4]
The company exited its textiles business in 2015[5] and shipping business in 2017.

Vision
To be the leader in the fertilizers industry by providing high quality fertilizers , create value for all our stakeholders
and play a catalytic role in delivering food security for India.
Mission
Our growth and success will be achieved by:

 Creating sustainable rural development in India

 Enriching and protecting arable land
 Boosting crop productivity by providing quality plant nutrients
 Promoting sustainable agricultural practices

With nearly 1.2 billion population, India requires a robust, modernized agriculture sector to ensure the
food security to its population. In order to meet the food grain requirements, the agricultural productivity
 and growth need to be sustained and further improved. It is imperative to manage fertilizers for a higher
food production.
 Chambal Fertilisers and Chemicals Ltd. accounts for nearly 13% of the total Urea produced in the
country. Since more than two decades company has contributed to the food security of the country with
responsibility. Its three hi-tech nitrogenous fertiliser (urea) plants are located at Gadepan in Kota district
of Rajasthan. The three plants have an installed annual production capacity of about 3.4 million MT of
Urea contributing to major chunk of Urea consumed in leading agri states in India. These plants were
commissioned in 1994, 1999 and 2019 respectively. These plants use state-of-the-art technology from
Denmark, Italy, United States and Japan.
 The Gadepan III Plant commissioned recently is a state-of-art fertilizer unit. It is among the most
efficient plants in the world and uses the latest technologies from KBR, USA and Toyo Engineering
Corporation, Japan. The new plant has an installed annual production capacity of about 1.34 million MT
of Urea.
 The Company caters to the need of the farmers in ten states in northern, eastern, central and western
regions of India and is the lead fertiliser supplier in the State of Rajasthan, Madhya Pradesh, Punjab
and Haryana. The Company has a vast marketing network comprising 19 regional offices, 2800 dealers
and 50,000 retailers. The company holds highest market share among private sector Urea
manufacturers in the country. The company has further strengthened its position as lead fertilizer
manufacturer in India after the commissioning of Gadepan III plant.
 The Company has donned the mantle of providing all agri-products through a 'single window' to enable
the farmer to buy all products from one source. The Company dealers provide Urea and other agri-
inputs like DAP (Di-Ammonium Phosphate), MOP (Murate of Potash), SSP (Single Super Phosphate),
and pesticides. Most of these products are sourced from reputed suppliers and sold under the 'Uttam'
umbrella brand. Today, the Company has attained a leadership position in the pesticide business in
North India.
 To promote sustainable farming practices, Chambal has a well-structured farmer advisory programme.
Under this programme, the company organizes crop seminars, product and field demonstrations and
farmer meets. Soil and water analysis is also conducted for free at Chambal's laboratories and based on
the results; Chambal experts emphasize on balance use of fertilisers.
 To encourage the new age farmer, a website, 'uttamkrishi.com', provides information on the weather,
suitable cropping techniques and markets in Hindi language. 'Hello Uttam' toll-free telephonic helplines
have been set up to answer the queries raised by farmers. Unemployed youth from villages are enrolled
as 'Uttam Krishi Salhakars'. They are trained in the latest farming techniques and provide specialised
services to farmers.
 The company has won the Sword of Honour from the British Safety Council for two consecutive years. It
has been awarded ISO 14001 (Environment Management System Standard), ISO 9001 (Quality
Management System Standard) and OHSAS 18001 (Occupational Health and Safety Management
System Standard) certifications.
 Chambal is committed to its social responsibilities and has invested in water harvesting, healthcare,
rural infrastructure, education, skill development and women empowerment. Chambal constantly tries to
improve the quality of life in the areas where we operate. The Company has won several coveted
awards for its Corporate Social Responsibility and Environmental footprints.

OUR HISTORY & MILESTONES

 The company was founded by Dr. K.K. Birla, one of India's
most respected industrialists. He realized early that to fulfill India's food security needs, the agri industry urgently
needs infusion of science and technology. The reasoning was sound. 70% of India was an agrarian society.
Farmers would always require fertilisers, of which there was an acute shortage. The demand would only increase
with the years. And there was a clear need for self-reliance in such an important field. A decision was taken to
align with the best in the world to bring cutting edge technologies into India.
First a Urea Plant was set up near Village Sancoale in Goa by Zuari Industries Limited in 1967. In the year 1985,
Zuari Industries Limited promoted Chambal Fertilisers and Chemicals Limited. With the passage of time,
Chambal Fertilisers has consolidated its position in agri - business and diversified into shipping, textiles, software
and manufacturing of phosphoric acid.

MILESTONES

 1985 Aravali Fertilisers Limited incorporated

 1989 Aravali Fertilisers Limited renamed Chambal Fertilisers and Chemicals Limited
 1990 Land acquisition completed at Gadepan (Kota) Rajasthan
 1993 First urea plant commissioned in October
  1993 Company's Initial public offering
 1993 Company listed on Stock Exchanges
 1994 First urea plant starts commercial production on 1st January
 1994 Company's flagship product branded as 'Uttam Veer Urea'
 1994 First urea rake dispatched
 1997 First overseas investment in a Joint Venture (IMACID) with OCP in Morocco
 1997 Chambal ki Chitthi launched (Initial print run - 20000 copies)
 1999 Second urea plant commissioned
 1999 Second urea plant starts commercial production
 2000 Uttam Bandhan programme launched
 2000 www.uttamkrishi.com launched
 2000 Certified IS0 14001:2004 by Det Norske Veritas (DNV)
 2005 Certified OSHAS 18001:2007 by Det Norske Veritas (DNV)
 2008 Certified IS0 9001:2008 by Det Norske Veritas (DNV)
 2010 Process Safety Management implemented
 2010 Urea production and sales crosses 2 million tonne mark
 2011 Marketing territory extended to eleven Indian states
 2012 Marketing territory extended to thirteen Indian states
 2012 Single Super Phosphate plant commissioned at Gadepan
 2015 Third III Plant Zero date announced in March
 2017 Certified EMS ISO 14001:2015 by BSI
 2017 Certified QMS ISO 9001:2015 by BSI
 2017 Certified OSHAS 18001:2007 by BSI
 2018 Third urea plant commissioned
 2019 Third urea plant starts commercial production on 1st January
Plants

 
 
 
 
Chambal Fertilisers and Chemicals Limited is one of the largest private sector fertiliser producers in India. With
an annual production of more than 3.4 million MT of urea, the company accounts for nearly 15% of the total urea
produced in the country. The Company manufactures high grade fertilizers at our three plants located at
Gadepan in Kota district of Rajasthan. The latest one, Gadepan III is one of the most efficient plants in the world,
producing 1.34 million MT urea per annum and Gadepan is the only site in the country with the single largest
production of urea at one place.
The Gadepan-I Ammonia Plant was designed by Haldor Topsoe (Denmark) and the Urea plant is based on
Snamprogetti (Italy) Technology. The Ammonia Plant has a capability to produce 1,770 MT of Ammonia per day
and the Urea plant has the capability to produce 3,100 MT of Urea per day.
The Gadepan-II Ammonia Plant is based on Kellogg Brown Root (USA) Technology and the Urea plant on ACES
Process of Toyo Engineering Corporation (Japan). The Ammonia Plant has a capability to produce 1,710 MT per
day and the Urea Plant has a capability of 3,000 MT per day of Urea. However, the reassessed capacity of each
Ammonia plant is 1520 MT per day and each Urea plant is 2620 MT per day.
Gadepan III Plant is one of the most efficient plants in the world using the latest and sophisticated technology
from Toyo, Japan. The Gadepan-III Ammonia Plant is designed by KBR (USA) using its best and efficient
features like Purifier technology, gas turbine driven process air compressor, use of gas turbine exhaust gases in
primary reformer as combustion air and aMDEA based CO2 removal process. The Plant has a capability to
produce 2200 MT per day. Gadepan-III Urea Plant is the largest plant having daily production capacity of 4000
MT per day prilled urea. This urea plant is designed by Toyo Engineering Corporation (Japan) using its best and
efficient features like ACES21 technology, Vertical Submerged Carbamate Condenser and improved metallurgy
like DP28W material.
The Gadepan III Urea plant prill tower is the highest in world with total height of 141.5 meter.
Township

 
 
 

 
Away from the hustle bustle of a big city, Chambal Fertlisers provides the best possible infrastructure to its
employees. Located in Gadepan, about 35 km. from Kota in the state of Rajasthan, 'Uttam Nagar' can be easily
termed as one of the best industrial townships in India.
The township has well-designed houses, excellent medical facilities, health club, swimming pool, a CBSE
affiliated school, shopping centre, sports and great options for sports and recreation. It is set amid an amazing
green environment with a rich diversity of flora and fauna. The Herculean task of the greening the township area
started even before the construction of the urea plants. Green avenues with rows of trees, rolling lawns and
water bodies are a now an integral part of the township.
Uttam Nagar maintains highest safety and environment standards and has been awarded Environment
Management System Standard ISO 14001 and the Occupational Health and Safety Management System
Standard OHSAS 18001 certifications.
Agricultural Development Labs

 
 
Soil is the single most important factor that determines crop productivity and quality, ensures long term
sustainability and promotes environment well-being. Since soil is neither inexhaustible nor self-sustaining, there
is a need to test soil so that its health can be restored back. Chambal's soil management initiative is a pioneering
move in this regard. Chambal has two state-of-the-art Agriculture Development Laboratories (ADL) at Gadepan
(Rajasthan) and Agra (Uttar Pradesh). In addition to the two ADLs, the Company has satellite laboratories at
Baran, Bundi and Jhalawar in Rajasthan and operates three mobile soil testing vans. Chambal's Labs are
providing a spectrum of services for the benefit of tens of thousands of farmers in the northern, central and
western regions of the country.
The services include:

 Testing the soil with the idea of identifying the problem and suggesting solutions. The soil is tested for
macro and micro nutrients, salinity, alkalinity, sulphur, etc.

 Promoting balanced and economical use of fertilisers for soil health management and better crop
production.

 Preparing block and district wise soil fertility maps.

 Suggesting suitability of soil for plantation of different crops and fruits.
 Determining quality of underground water for irrigation purposes.
 Promoting efficient utilization of underground water.
 
The soil tests are done free of charge for Uttam Bandhan members.

PRODUCTS

Chambal Fertilisers – An all weather friend of the Indian Farmer

 

Chambal Fertilisers caters to the need of the farmers in twelve states in northern, eastern, central and
western regions of India and is the lead fertiliser supplier in the State of Rajasthan. The Company has a vast
marketing network comprising 15 regional offices, 2,800 dealers and 50,000 retailers. 

The Company has donned the mantle of providing all agri-products through a 'single window' to enable the
farmer to buy all products from one source. The Company dealers provide Urea and other agri-inputs like DAP
(Di-Ammonium Phosphate), MOP (Murate of Potash), SSP (Single Super Phosphate), pesticides. Most of these
products are sourced from reputed suppliers and sold under the 'Uttam' umbrella brand. Today, the Company
has attained a leadership position in the pesticide business in North India.

BOARD OF DIRECTORS

Composition of the Board of Directors

The Board of Directors comprises of 9 Directors, out of which 3 are Non-Executive Directors, 5 are Independent
Directors, and a Managing Director.
Mr. Saroj Kumar Poddar – Chairman 

  
 Mr. Saroj Kumar Poddar (DIN: 00008654), Chairman of the Company, a gold medali
in B. Com (Hons) from Calcutta University, is the Chairman of Adventz group with
turnover of about USD 3 Billion. The group under the leadership of Mr. Poddar, ha
promoted various seminal projects including joint ventures with leading internationa
corporations. The most notable of these ventures are Hettich India Private Ltd (a join
venture with the Hettich Group of Germany), Texmaco UGL Rail Private Ltd. (a join
venture with the United Group of Australia) and MCA Phosphates Pte. Ltd. (a join
venture with Mitsubishi Corporation, Japan). Mr. Poddar was also instrumental i
promoting Gillette India Limited (a venture with the Gillette Company of U.S.A), an
he was founder Chairman since 1984 before relinquishing the position in Decembe
2013.
A recipient of the Rashtriya Samman from the Central Board of Direct Taxes, M
Poddar is a keen collector of contemporary Indian art and involved in the promotio
 and development of art, culture and sports. Mr. Poddar and his family promote youn
cricketers to go abroad for training and practice. They are currently involved in settin
up a museum in Delhi with the theme ‘India through the ages’. The museum will b
named as ‘K. K. Birla Academy’ in the fond memory of Late Dr. K.K. Birla. Th
Project will be fully funded by the family and is to be commissioned in the comin
years.
Having served as President of Federation of Indian Chambers of Commerce an
Industry (FICCI) and International Chamber of Commerce in India, Mr. Poddar ha
been appointed by Government of India on Board of Trade - the highest body on trade
and on the Indian Institute of Science, Bangalore. Mr. Poddar has also served as
member of the Board of Governors of the Indian Institute of Technology, Kharagpu
for a decade and also on local Board of the Reserve Bank of India for similar tenure
He was also on the Advisory Board of one of the most reputed investment brokers, M/
N M Rothschild & Sons (India) Pvt. Ltd.
Mr Poddar is the Chairman of India-Saudi Arabia Joint Business Council and
Member of the Indo-French CEO Forum.
  
Mr. Shyam Sunder Bhartia – Co-Chairman 

  
Mr. Shyam S. Bhartia (DIN: 00010484) is the Chairman of M/s. Jubilant Life Science
Limited. He is a Commerce graduate and a fellow member of the Institute of Cost an
Works Accountants of India. A leading industrialist of India, he has rich industria
experience in the Pharmaceuticals, Specialty Chemicals, Food, Oil and Ga
(Exploration & Production), Aerospace and Information Technology sectors. He is
 director on the boards of numerous companies both in India and overseas.
His past association to institutional segment included – Member of Board of Governor
of Indian Institute of Technology, Mumbai, Indian Institute of Managemen
Ahmedabad and Director on the Board of Air India.

  
Mr. Gaurav Mathur - Managing Director

  
Mr. Gaurav Mathur (DIN: 07610237) is a chemical engineer from Indian Institute o
Technology, Kanpur having long experience in the fields of Industrial Explosive
Specialty Chemicals, Coatings & Paints and Pharmaceutical Industries. Mr. Gaura
Mathur started his career in 1989 as a Management Trainee in the explosives busines
with ICI India Limited (now AkzoNobel India Limited). He worked with ICI Indi
Limited / AkzoNobel India Limited for around 27 years and held various senio
 
executive positions in India and abroad such as Head of Research and Development
Decorative Paints, Global Manufacturing & Supply Chain Director, Global Director
Continuous Improvement & Strategic Initiatives, etc.
Before joining the Company, Mr. Gaurav Mathur was working as Managing Directo
of TEVA API India Private Limited since September 2016 and was heading Activ
Pharmaceutical Ingredient operations for Asia Pacific, Israel and Europe.
  
Mr. Pradeep Jyoti Banerjee 

  
 Mr. Pradeep Jyoti Banerjee (DIN: 02985965) is Bachelor of Technology (Chemica
from Indian Institute of Technology, Delhi. He started his career as Managemen
Trainee at Hindustan Unilever Limited (“HUL”) in the year 1980 and held series o
assignments in several departments at HUL including in the areas of supply chain
research and development, etc.
Mr. Pradeep Jyoti Banerjee became the Vice President - Technical (Home and Persona
Care) at HUL in 2003 and later on moved to London in 2005 as Vice President, Globa
 Supply Chain for Personal Care category where he was responsible for strategi
elements of Unilever’s global personal care supply chain. He has also served as th
Vice President for Global Procurement in Singapore where he was handlin
procurement operations for the Unilever businesses in Asia and Africa. Mr. Pradee
Jyoti Banerjee was working as Executive Director - Supply Chain of HUL since th
year 2010. He is Chairman of Unilever Nepal Limited and Director of Unilever Indi
Exports Limited. Apart from this, he is Independent Director of Gabriel India Limite
and Whirlpool of India Limited.
  
Mr. Vivek Mehra

  
Mr. Vivek Mehra (DIN: 00101328) is a commerce graduate from Shri Ram College o
Commerce, University of Delhi and a fellow member of the Institute of Chartere
Accountants of India. Mr. Mehra has a consulting experience of over 38 years in ta
and regulatory aspects of mergers and acquisitions focusing on cross border investmen
and transaction structuring. He has held various leadership and client servicing roles i
 PricewaterhouseCoopers Pvt. Ltd. before his retirement in March 2017. Mr. Mehra wa
a Director on the Board of Union Bank of India and Punjab & Sind Bank. He was als
member of Steering Committee and National Executive Committee of the Federation o
Indian Chambers of Commerce and Industry.

  
Mrs. Rita Menon

  
Mrs. Rita Menon (DIN: 00064714) is M.A (Economics) from Delhi School o
Economics. She joined the Indian Administrative Service in the year 1975 and held
number of senior positions in the Government of India and the Government of Utta
Pradesh. She retired in the year 2015 from the position of Chairperson and Managin
Director of India Trade Promotion Organisation. In her career in public service, she ha
 worked in various departments/ ministries of Government of India such as Secretary i
Ministry of Textiles, Additional Secretary and Special Secretary in Ministry o
Finance, Joint Secretary in Ministry of Defence, etc. She was also Director of variou
public sector undertakings. Mrs. Rita Menon has vast experience in the areas o
industrial development, finance, defence planning and procurement, public policy &
administration, etc.
  
Mr. Chandra Shekhar Nopany 

  
 Mr. Chandra Shekhar Nopany (DIN: 00014587) is an industrialist having va
industrial experience in diverse fields like sugar, shipping, textiles and fertilisers. He i
a Chartered Accountant and Master of Science in Industrial Administration from
Carnegie Mellon University, Pittsburgh, U.S.A. Mr. Nopany is the Chairman of M/
The Oudh Sugar Mills Limited. He is also on the Board of Directors of several othe
 companies promoted by Dr. K.K. Birla, including few subsidiaries and joint venture o
the Company. Having contributed significantly to organic and inorganic growth of th
K.K. Birla Group, he continues to lead as a new generation entrepreneur with concerte
focus on efficiency and growth.

  
Ms. Radha Singh 

  
Ms. Radha Singh (DIN: 02227854) has retired from Indian Administrative Service
Prior to retirement, she was holding the position of Secretary, Agriculture an
Cooperation, Government of India. She has 40 years’ experience in public service, i
several areas including rural and agricultural development, water resources, publi
finance and institution building. In her capacity as Agriculture and Cooperatio
Secretary, she also headed various national and international organizations as Boar
Member/ Chairperson.
 In her long public career, she has held many high level policy and managerial position
in the Government of India. These included Secretary, Department of Anima
Husbandry, Dairying and Fisheries, Additional Secretary/ Joint Secretary in th
Ministry of Water Resources, Director General of the National Water Agency an
positions in the Economic Affairs Department and field assignments. She had worke
with the World Bank in Washington, DC, U.S.A. as an Institutional Specialis
Consultant in several other capacities for six years (1993-1998).
Presently, Ms. Singh is director of LT Foods Limited and Cheminova India Limited.
  
Mr. Marco Philippus Ardeshir Wadia 

  
 Mr. Marco P.A. Wadia (DIN: 00244357) is B.A. (Hons.), L.L.B. and practicin
Advocate since 1986, specializing in corporate matters. He has been a partner in th
firm of 

• Build a sustainable enterprise that effectively balances financial strengths with social
and environmental responsibilities
• Deliversustainabletop-lineandbottom-linegrowthwhilemaintainingthehighest
corporate governance standards
• Reduce its environmental footprint by investing in eco-friendly and reliable
technologies and practices
• Increase efficiency by optimum utilization of resources and technology
• Promote sustainable farming practices to boost crop productivity in rural India
through its soil testing facilities and advisory services
• Work towards improving the quality of life by making the communities self-reliant in
areas within which it operates
• Build lasting social capital through interventions in the infrastructure, healthcare and
education domains for the community residing in the vicinity of its fertiliser plants
• Ensure welfare, growth and safety of all people associated with it
• Empower its employees and continuously develop their knowledge and skill sets, so
that they realize their true potential and drive the Company’s growth
• Promote inclusive growth and equal opportunity by remaining a caste, gender an
 religion neutral organisation
SWOT stands for Strengths, Weaknesses,
Opportunities, and Threats, and so a
SWOT analysis is a technique for
assessing these four aspects of your
business.
SWOT Analysis is a tool that can help you to
analyze what your company does best now, and to
devise a successful strategy for the future. SWOT
can also uncover areas of the business that are
holding you back, or that your competitors could
exploit if you don't protect yourself.

A SWOT analysis examines both internal and

external factors – that is, what's going on inside and
outside your organization. So some of these factors
will be within your control and some will not. In either
case, the wisest action you can take in response will
become clearer once you've discovered, recorded
and analyzed as many factors as you can.

Strength

Stocks - DVM Select Long Term (subscription) 109.0% returns for Nifty 500 over 2.8 years

Consistent Highest Return Stocks over Five Years - Nifty500

Rising Net Cash Flow and Cash from Operating activity 375.3% returns for Nifty 500 over 5.9 years

Company reducing Debt

Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Book Value per share Improving for last 2 years

Company with decreasing Promoter pledge

FII / FPI or Institutions increasing their shareholding

Weakness

Bearish Stocks - Stocks with Medium to Low Trendlyne Momentum Score 86.4% returns for
Nifty 500 over 4.5 years
MFs decreased their shareholding last quarter 190% returns for over 6.4 years
Inefficient use of shareholder funds - ROE declining in the last 2 years -10.7% returns for Nifty 500
over 1.9 years
Decline in Net Profit with falling Profit Margin (QoQ)
Decline in Quarterly Net Profit with falling Profit Margin (YoY)
Declining profits every quarter for the past 2 quarters
High promoter stock pledges

Opportunity

Companies with current

TTM PE Ratio less than 3
Year, 5 Year and 10 Year
PE
Positive Breakout Third
Resistance ( LTP > R3)
Expert Stock Screener: 202.3% returns
Benjamin Graham Value forNifty
Screen 500over 6.4years
Stock with Low PE (PE < =
10)
RSI indicating price
strength
High Volume, High Gain
Volume Shockers

Threats

Stocks affected by weak monsoons

Degrowth in Revenue, Profits and Operating Profit
Margin in recent results (QoQ)
Increasing Trend in Non-Core Income

PESTLE analysis sometimes referred to as PEST analysis, is a concept in

marketing principles. This concept is used as a tool by organizations to
keep a track of the external factors impacting the organization. PESTLE is a
mnemonic which in its expanded form denotes P for Political, E for
Economic, S for Social, T for Technological, L for Legal, and E for
Environmental. On the basis of the organization, it can be reduced to PEST
or additional areas can be added (such as Ethical).