Rashtriya Chemicals & Fertilizers Limited (RCF) is a prominent central public sector undertaking in India, established in 1978 and headquartered in Mumbai. The Government of India holds a 75% stake in the company, underlining its significant role in the nation’s agricultural and industrial sectors. RCF specializes in the production and marketing of fertilizers such as urea and complex NPK fertilizers, along with a diverse portfolio of industrial chemicals, catering to both domestic and international markets. The company achieved an impressive revenue of ₹12,812.17 crore (approximately US$1.5 billion) in the fiscal year 2021-22, showcasing its strong financial performance. With a workforce of approximately 2,556 employees as of July 2023, RCF continues to contribute significantly to India’s agricultural growth and chemical manufacturing capabilities.
Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
Promoters + | 75.00% | 75.00% | 75.00% | 75.00% | 75.00% |
FIIs + | 2.55% | 2.92% | 2.58% | 2.40% | 2.32% |
DIIs + | 0.34% | 0.35% | 0.34% | 0.35% | 0.29% |
Public + | 22.10% | 21.74% | 22.08% | 22.25% | 22.39% |
No. of Shareholders | 2,40,298 | 2,60,182 | 2,93,160 | 3,18,133 | 3,59,401 |
The shareholding pattern of Rashtriya Chemicals & Fertilizers highlights a stable structure with consistent promoter ownership and gradual shifts in other categories. Promoters maintain a dominant 75.00% stake from September 2023 to September 2024, reflecting strong governmental backing. Foreign Institutional Investors (FIIs) show minor fluctuations, holding 2.55% in September 2023, peaking at 2.92% in December 2023, and gradually reducing to 2.32% by September 2024. Domestic Institutional Investors (DIIs) exhibit a steady but slight decrease, starting at 0.34% in September 2023 and declining to 0.29% by September 2024. Public shareholding has seen a gradual increase, rising from 22.10% in September 2023 to 22.39% in September 2024. The number of shareholders has grown significantly, indicating rising interest, from 2,40,298 in September 2023 to 3,59,401 by September 2024, showcasing increased market participation and confidence in Rashtriya Chemicals & Fertilizers.
Recent News on Rashtriya Chemicals & Fertilizers
Rashtriya Chemicals & Fertilizers Limited (RCF) is set to benefit from a significant boost through a one-time special package of ₹3,850 crore approved by the Indian government for Diammonium Phosphate (DAP) fertilizers for the entire calendar year 2025. This initiative aims to support fertilizer companies, including RCF, in ensuring the availability of DAP fertilizers at competitive prices, strengthening their market position and enhancing agricultural productivity across the country. This government support underscores its commitment to bolstering the fertilizer sector and aiding public sector companies like RCF in meeting national agricultural demands.
Below are the trading platforms that you can use to purchase Rashtriya Chemicals & Fertilizers shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
When | Maximum Price | Minimum Price |
January 2025 | 186.99 | 143.84 |
February 2025 | 188.88 | 145.29 |
March 2025 | 192.84 | 148.34 |
April 2025 | 190.93 | 146.87 |
May 2025 | 185.37 | 142.60 |
June 2025 | 193.72 | 149.01 |
July 2025 | 189.92 | 146.09 |
August 2025 | 195.79 | 150.61 |
September 2025 | 198.14 | 152.42 |
October 2025 | 203.29 | 156.38 |
November 2025 | 208.37 | 160.29 |
December 2025 | 217.75 | 167.50 |
As we move through 2025, Rashtriya Chemicals & Fertilizers is expected to experience a dynamic year in terms of price movement. The year is projected to begin in January with a maximum price of ₹186.99 and a minimum of ₹143.84. Prices are expected to steadily rise, reaching ₹195.79 in August with a minimum of ₹150.61. By September, prices are anticipated to touch ₹198.14 at their peak and ₹152.42 at their lowest. The upward trend is likely to continue, culminating in December with a maximum projected price of ₹217.75 and a minimum of ₹167.50, reflecting strong growth and strong market potential for Rashtriya Chemicals & Fertilizers.
When | Maximum Price | Minimum Price |
January 2026 | 224.28 | 172.53 |
February 2026 | 218.68 | 168.21 |
March 2026 | 223.05 | 171.58 |
April 2026 | 227.60 | 175.08 |
May 2026 | 225.35 | 173.35 |
June 2026 | 230.98 | 177.68 |
July 2026 | 226.45 | 174.19 |
August 2026 | 233.46 | 179.58 |
September 2026 | 238.13 | 183.17 |
October 2026 | 244.32 | 187.94 |
November 2026 | 250.43 | 192.63 |
December 2026 | 256.69 | 197.45 |
As we step into 2026, Rashtriya Chemicals & Fertilizers is expected to show a steady upward price trajectory. The year is projected to begin in January with a maximum price of ₹224.28 and a minimum of ₹172.53. Gradual growth is anticipated through the months, with prices reaching ₹233.46 in August and ₹179.58 at the minimum. By September, the peak is expected to touch ₹238.13, while the minimum may hover around ₹183.17. As the year concludes in December, prices are projected to attain a maximum of ₹256.69 and a minimum of ₹197.45.
When | Maximum Price | Minimum Price |
January 2027 | 259.25 | 199.43 |
February 2027 | 265.90 | 204.54 |
March 2027 | 276.27 | 212.52 |
April 2027 | 270.85 | 208.35 |
May 2027 | 262.96 | 202.28 |
June 2027 | 274.80 | 211.38 |
July 2027 | 269.41 | 207.24 |
August 2027 | 277.74 | 213.65 |
September 2027 | 287.46 | 221.13 |
October 2027 | 294.94 | 226.87 |
November 2027 | 302.31 | 232.55 |
December 2027 | 309.87 | 238.36 |
When | Maximum Price | Minimum Price |
January 2028 | 316.07 | 243.13 |
February 2028 | 324.17 | 249.36 |
March 2028 | 336.81 | 259.09 |
April 2028 | 330.21 | 254.01 |
May 2028 | 320.59 | 246.61 |
June 2028 | 335.02 | 257.71 |
July 2028 | 328.45 | 252.65 |
August 2028 | 338.61 | 260.47 |
September 2028 | 350.46 | 269.58 |
October 2028 | 359.57 | 276.59 |
November 2028 | 368.56 | 283.51 |
December 2028 | 377.77 | 290.59 |
When | Maximum Price | Minimum Price |
January 2029 | 385.33 | 296.41 |
February 2029 | 395.21 | 304.01 |
March 2029 | 410.62 | 315.86 |
April 2029 | 402.57 | 309.67 |
May 2029 | 390.84 | 300.65 |
June 2029 | 408.43 | 314.18 |
July 2029 | 400.42 | 308.02 |
August 2029 | 412.81 | 317.54 |
September 2029 | 427.26 | 328.66 |
October 2029 | 438.37 | 337.20 |
November 2029 | 449.32 | 345.63 |
December 2029 | 460.56 | 354.28 |
When | Maximum Price | Minimum Price |
January 2030 | 469.77 | 361.36 |
February 2030 | 481.81 | 370.63 |
March 2030 | 500.60 | 385.08 |
April 2030 | 490.79 | 377.53 |
May 2030 | 476.49 | 366.53 |
June 2030 | 497.94 | 383.03 |
July 2030 | 488.17 | 375.52 |
August 2030 | 503.27 | 387.13 |
September 2030 | 520.89 | 400.68 |
October 2030 | 534.43 | 411.10 |
November 2030 | 547.79 | 421.38 |
December 2030 | 561.48 | 431.91 |
As we progress through 2030, Rashtriya Chemicals & Fertilizers is expected to witness strong market performance. The year is projected to begin in January with a maximum price of ₹469.77 and a minimum of ₹361.36. Moving through the months, prices are anticipated to climb steadily, reaching ₹503.27 as the maximum in August and ₹387.13 as the minimum. By September, the projected peak is ₹520.89, with a minimum of ₹400.68. As the year concludes in December, Rashtriya Chemicals & Fertilizers is expected to achieve a maximum of ₹561.48 and a minimum of ₹431.91.
Financial Condition of Rashtriya Chemicals & Fertilizers
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
Sales + | 9,698 | 8,281 | 12,812 | 21,452 | 16,981 | 17,469 |
Expenses + | 9,111 | 7,527 | 11,820 | 19,968 | 16,461 | 16,874 |
Operating Profit | 586 | 754 | 992 | 1,483 | 520 | 594 |
OPM % | 6% | 9% | 8% | 7% | 3% | 3% |
Other Income + | 26 | 133 | 263 | 236 | 204 | 155 |
Interest | 239 | 181 | 130 | 234 | 190 | 247 |
Depreciation | 171 | 175 | 184 | 212 | 233 | 242 |
Profit before tax | 202 | 530 | 942 | 1,273 | 301 | 260 |
Tax % | -3% | 28% | 25% | 24% | 25% | |
Net Profit + | 207 | 384 | 702 | 966 | 225 | 196 |
EPS in Rs | 3.75 | 6.96 | 12.73 | 17.52 | 4.08 | 3.56 |
Dividend Payout % | 76% | 43% | 30% | 30% | 30% |
Rashtriya Chemicals & Fertilizers has demonstrated fluctuating financial performance over recent years, reflecting market dynamics and operational changes. The company’s sales have shown significant growth, rising from ₹9,698 crore in March 2020 to a peak of ₹21,452 crore in March 2023, before moderating to ₹16,981 crore in March 2024. The trailing twelve months (TTM) sales stand at ₹17,469 crore. However, expenses have mirrored this trend, growing from ₹9,111 crore in March 2020 to ₹19,968 crore in March 2023, and slightly declining thereafter.
Operating profit showed resilience, reaching ₹1,483 crore in March 2023, though it reduced to ₹520 crore in March 2024, with the operating profit margin (OPM%) narrowing to 3% from its 9% high in March 2021. Other income has contributed positively, peaking at ₹263 crore in March 2022 but has since moderated to ₹155 crore in the TTM period. Interest and depreciation costs have remained stable, with interest rising to ₹247 crore in the TTM period.
Net profit surged to ₹966 crore in March 2023 before declining to ₹225 crore in March 2024 and ₹196 crore in the TTM. Correspondingly, earnings per share (EPS) rose to ₹17.52 in March 2023 before falling to ₹4.08 in March 2024. The dividend payout ratio has been steady at 30% in recent years, indicating consistent shareholder returns despite fluctuating profitability. Overall, Rashtriya Chemicals & Fertilizers continues to adapt to industry challenges while striving to maintain financial stability.
FAQS
The projected share price of Rashtriya Chemicals & Fertilizers for 2025 is expected to fluctuate within a range, with a maximum price of ₹217.75 and a minimum price of ₹142.60, according to our forecast.
As per our analysis, Rashtriya Chemicals & Fertilizers share price may not reach ₹500 by 2025, however, Rashtriya Chemicals & Fertilizers may reach ₹500 somewhere in 2030.
For 2030, Rashtriya Chemicals & Fertilizers is expected to reach a maximum of ₹561.48.
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Conclusion
Rashtriya Chemicals & Fertilizers Limited (RCF) continues to play a pivotal role in India’s agricultural and industrial sectors, bolstered by its strong government backing and consistent market performance. The company’s stable shareholding pattern and increasing public interest underscore investor confidence, while its financial trajectory reflects both resilience and adaptability amid market fluctuations.
Looking ahead, the share price projections from 2025 to 2030 suggest a steady upward trend, signaling potential growth opportunities for investors. RCF’s financial performance, marked by strong sales and strategic government support like the ₹3,850 crore DAP package, further highlights its capability to sustain long-term value creation.
What did we learn?
- 1 Shareholdings Patterns of Rashtriya Chemicals & Fertilizers
- 2 Recent News on Rashtriya Chemicals & Fertilizers
- 3 How to Purchase Rashtriya Chemicals & Fertilizers Shares?
- 4 Rashtriya Chemicals & Fertilizers Share Price Prediction: 2025 to 2030
- 4.1 Rashtriya Chemicals & Fertilizers Share Price Target 2025
- 4.2 Rashtriya Chemicals & Fertilizers Share Price Prediction 2026
- 4.3 Rashtriya Chemicals & Fertilizers Share Price Target 2027
- 4.4 Rashtriya Chemicals & Fertilizers Share Price Target 2028
- 4.5 Rashtriya Chemicals & Fertilizers Share Price Prediction 2029
- 4.6 Rashtriya Chemicals & Fertilizers Share Price Target 2030
- 5 Financial Condition of Rashtriya Chemicals & Fertilizers
- 6 FAQS
- 7 Conclusion