Madras Fertilizers (NSE:MADRASFERT) ROE %: 90.86% (As of Mar. 2026) — 66% Below Median


NSE:MADRASFERT Madras Fertilizers Ltd NSE:MADRASFERT
69 GF Score
Price ₹68.77
GF Value ₹257.63
Valuation Possible Value Trap
! 4 Warning Signs
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What is Madras Fertilizers ROE %?

Madras Fertilizers NSE:MADRASFERT -2.50% 69 ROE % is 90.86% as of Mar. 2026, which is 66% below its 10-year median of 269.55. GuruFocus rates NSE:MADRASFERT with a GF Score™ of 69/100 and a GF Value™ of ₹257.63 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 254 Agriculture companies, Madras Fertilizers ranks better than 98.82% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Madras Fertilizers's annualized net income for the quarter that ended in Mar. 2026 was ₹836 Mil. Madras Fertilizers's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹920 Mil. Therefore, Madras Fertilizers's annualized ROE % for the quarter that ended in Mar. 2026 was 90.86%.

The historical rank and industry rank for Madras Fertilizers's ROE % or its related term are showing as below:

NSE:MADRASFERT' s ROE % Range Over the Past 10 Years
Min: 269.55   Med: 269.55   Max: 285.92
Current: 285.92

During the past 13 years, Madras Fertilizers's highest ROE % was 285.92%. The lowest was 269.55%. And the median was 269.55%.

NSE:MADRASFERT's ROE % is ranked better than
98.82% of 254 companies
in the Agriculture industry
Industry Median: 6.71 vs NSE:MADRASFERT: 285.92

Madras Fertilizers  (NSE:MADRASFERT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=835.6/919.7
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(835.6 / 27968.4)*(27968.4 / 23325.5)*(23325.5 / 919.7)
=Net Margin %*Asset Turnover*Equity Multiplier
=2.99 %*1.199*25.3621
=ROA %*Equity Multiplier
=3.59 %*25.3621
=90.86 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=835.6/919.7
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (835.6 / 900.8) * (900.8 / 1288.8) * (1288.8 / 27968.4) * (27968.4 / 23325.5) * (23325.5 / 919.7)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.9276 * 0.6989 * 4.61 % * 1.199 * 25.3621
=90.86 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Madras Fertilizers ROE % Related Terms


Madras Fertilizers ROE % Historical Data

* Premium members only.

The historical data trend for Madras Fertilizers's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Madras Fertilizers ROE % Chart

Madras Fertilizers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Equity Negative Equity Negative Equity Negative Equity 269.55

Madras Fertilizers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 Negative Equity 209.63 40.79 90.86

NSE:MADRASFERT vs CTVA, CF: ROE % Comparison

For the Agricultural Inputs subindustry, Madras Fertilizers's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Madras Fertilizers ROE % vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Madras Fertilizers's ROE % distribution charts can be found below:

* The bar in red indicates where Madras Fertilizers's ROE % falls into.


NSE:MADRASFERT
69GF Score
Madras Fertilizers Ltd NSE:MADRASFERT
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Madras Fertilizers ROE % Calculation

Madras Fertilizers's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=804.2/( (-323+919.7)/ 2 )
=804.2/298.35
=269.55 %

Madras Fertilizers's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=835.6/( (0+919.7)/ 1 )
=835.6/919.7
=90.86 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 90.86% mean?
Madras Fertilizers (NSE:MADRASFERT) has a ROE % of 90.86% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Madras Fertilizers and its competitors. This is 66% below median its historical median of 269.55. Over the past decade, Madras Fertilizers' ROE % has ranged from 269.55 to 285.92. According to the industry distribution chart, Madras Fertilizers ranks #3 out of 254 companies in the Agriculture industry, placing it in the top 1.2%.
Is Madras Fertilizers' ROE % too high?
Madras Fertilizers' current ROE % of 90.86% is 66% below median its 10-year median of 269.55. Over the past 10 years, this metric has ranged from a low of 269.55 to a high of 285.92. The Agriculture industry median ROE % is 6.71. Madras Fertilizers' value of 90.86% is 1254.1% above this industry median. Based on the distribution chart, Madras Fertilizers ranks #3 out of 254 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Madras Fertilizers has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Madras Fertilizers' ROE % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Madras Fertilizers ranks #3 out of 254 companies for ROE %. This places Madras Fertilizers in the top 1% of its industry — outperforming the majority of peers. The industry median ROE % is 6.71. Madras Fertilizers' value of 90.86% is 1254.1% above this benchmark. Historically, Madras Fertilizers' own ROE % has ranged from 269.55 to 285.92 over the past decade. While the company's 10-year median is 269.55 vs. the industry median of 6.71, Madras Fertilizers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Agriculture company?
The median ROE % among Agriculture companies is 6.71, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Madras Fertilizers's current ROE % of 90.86% is 1254.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Madras Fertilizers and its competitors. For the Agriculture industry, the median ROE % is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madras Fertilizers's current ROE % is 90.86%, which is 66% below median its own 10-year median of 269.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madras Fertilizers stock overvalued right now?
Based on GuruFocus' analysis, Madras Fertilizers (NSE:MADRASFERT) is currently considered Possible Value Trap. The stock's GF Value™ is ₹257.63, compared to a current price of ₹68.77 — trading 73.3% below its estimated fair value. The current ROE % is 90.86%, which is 66% below median its 10-year median of 269.55 and 1254.1% above the Agriculture industry median of 6.71. Madras Fertilizers' overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Madras Fertilizers (NSE:MADRASFERT), the current ROE % is 90.86% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Madras Fertilizers (NSE:MADRASFERT) Overvalued in 2026?

Based on GuruFocus' analysis, Madras Fertilizers stock appears to be undervalued. The current stock price of ₹68.77 is trading 73.3% below its estimated GF Value™ of ₹257.63. GuruFocus considers Madras Fertilizers to be Possible Value Trap.

Key valuation signals for NSE:MADRASFERT:

  • ROE %: 90.86% (66% below median its 10-year median of 269.55)
  • GF Value™: ₹257.63 vs. price of ₹68.77 (73.3% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 1254.1% above the Agriculture median (#3 of 254)

No single metric tells the full story. See the NSE:MADRASFERT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Madras Fertilizers Business Description

Other Exchanges 590134:India
Address Post Bag No. 2, Manali, Chennai, TN, IND, 600068
Madras Fertilizers Ltd is engaged in the manufacture of ammonia, urea, and complex fertilizers. It is also engaged in manufacturing bio-fertilizers and marketing fertilizers and agrochemicals under the brand name Vijay. The company operates through the manufacture and sale of fertilizers segment. It also provides biofertilizers, including Azospirillum for paddy, plantation crops, and other crops; Rhizobium for groundnuts and pulses; and Phosphor Bacteria and NP Bio for various crops.
69GF Score

Get the complete analysis for NSE:MADRASFERT

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹68.77
Price
₹257.63
GF Value