NSE: CHAMBLFERT· ChemicalsNot in Aug top-30Small cap
Chambal Fertilisers
10x P/E urea + TAN
- Last close
- ₹413.55
- 29 Sept 2026 · reference
- 1D · 1M
- −1.2% · −1.9%
- price-only
- Weight
- 0.9%
- 31 Jul 2026 · Aug rank —
- Thesis review
- 8 Sep 2026
- Why We Own, p65
Where the price sits
52-week range, house target and street targets
52w low ₹40952w high ₹520
- Reference close₹414
Range from reference closes; street targets from the PDFs on file (Research & documents). Internal target is never shown to prospects.
Investment case and valuation
Approved model, 8 Sep 2026 review
₹418
Price (2026-09-07)
9.6x / 8.7x
FY27E / FY28E P/E (Buoyant sheet)
19.7%
FY27E ROE (Buoyant sheet)
8.7x
Trailing P/E
1.6x
Price / book
2%
EPS CAGR FY26–28E
8.7x TTM PE and 1.6x P/B (price 418 / BV 260) with 20% ROE and 25% ROCE; stock is down ~24% over one year (screener) despite FY26 PAT +18% - de-rated on Hormuz gas/subsidy fears; 10-yr profit CAGR 22%. EV/EBITDA n.m.; dividend yield 2.6%.
- Model date
- 8 Sep 2026 (prices 7–8 Sep 2026)
- Horizon
- 12 months (bank pages: Sep-2027 roll-forward)
- Audience
- Internal — the book's guardrail: do not quote a target to a client; quote the thesis and the risk
- Reviewer · version
- Investment Committee framework · v1 (book)
Current vs history
Trailing multiples, FY-end
| Ratio | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 10.0x | 13.6x | 11.7x | 3.7x | 5.8x | 11.2x | 10.6x | 10.7x | 15.2x | 8.7x |
| Price to Book | 1.7x | 2.7x | 2.4x | 1.3x | 1.8x | 2.8x | 1.6x | 1.9x | 2.9x | 1.6x |
Tijori FY-end multiples on reported earnings/book; compatible definitions across years, but not the same basis as Buoyant's forward P/E on internal EPS.
UnavailableScenario lab disabled. Needs an approved forward EPS and forward P/E for Chambal Fertilisers plus a reference price. Missing inputs are not substituted.