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I ( 'ITR<, fficpR cpl �) (A Government of India Undertaking)
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(rcrm � cficFlt �) Le:t: us, �"OJ:!.J;O�
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·I ''�'',
1>1"Y'11,1'11 "Prlyadarshlnl",
Jai Bhagwan Sharma Eastern Express Highway,
� � �.
[xecutive Director Sion, Mumbai - 400 022.
(Legal & Company Secretary) �. �-400 022.

I CIN - L24110MH1978GOI020185
I �q•:ft/Tel.:(Off.): (022) 2404 5024 •�-�/E-mail: jbsharma@rcfltd.com • �islfll�c!/Website: www.rcfltd.com

RCF/CS/Stock Exchanges/2022 December 10, 2022

I The Corporate Relations Department The Listing Department

BSE Limited National Stock Exchange of India Limited
I Department of Corporate Services Exchange Plaza, 5th Floor,
Phiroze Jeejeebhoy Towers, Plot No.C/1, G Block,
Dalal Street, Bandra Kurla Complex,
I Mumbai - 400001. Bandra(East),
Mumbai- 400 051.
Script Code: 524230/959872/973742 Script Code: RCF EQ
I ISIN: INE027A07012 / INE027A08010
I;

!
Sub: Schedule of Non-Deal Roadshows/Analyst/ Institutional Investors Meet for
I Rashtriya Chemicals and Fertilizers Limited (the "Company")

Dear Sir/ Madam,

I In terms of Regulation 30 and other applicable provisions of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended (the "SEBI LODR Regulations"), we inform you that the Company will be
conducting Non-Deal Roadshows and meeting with prospective investors from December
12, 2022 onwards to December 14, 2022 in Singapore.

A copy of Corporate/ Investor Presentation is enclosed. The same is also available on the
website of the Company at www.rcfltd.com.

This is for your information, record and dissemination please.

Yours truly,
For Rashtriya Chemicals and Fertilizers Limited

���
(J.B. Sharma)
Executive Director
(Legal and Company Secretary)
Encl: a.la.
Rashtriya Chemicals and Fertilizers
Limited
Corporate Presentation
December, 2022
 Disclaimer
THIS PRESENTATION (“PRESENTATION”) IS NOT AN OFFER TO SELL ANY SECURITIES OR A SOLICITATION TO BUY ANY SECURITIES OF RASHTRIYA CHEMICALS AND FERTILIZERS LIMITED (THE
“COMPANY”). The material that follows is a Presentation of general background information about the Company’s activities as at the date of the Presentation. It is information given in summary
form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This Presentation does not constitute a prospectus, offering circular or offering
memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any
of the Company’s equity shares. This Presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by
the use of forward-looking terminology, including the terms “believes”, “estimates”, “anticipates”, “projects”, “expects”, “intends”, “may”, “will”, “seeks” or “should” or, in each case, their
negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward-looking statements include all
matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company’s intentions, beliefs or current expectations
concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. These forward-looking
statements including those cited from third party sources, contained in this presentation are based on numerous assumptions and include all matters that are not historical facts and are
uncertain and subject to risks. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur
in the future. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and
growth prospects, and future developments in its businesses and its competitive and regulatory environment. The Company’s actual results of operations, financial condition and liquidity, and
the development of the business sector in which the Company operates, may differ materially from those suggested by the forward-looking statements contained in this Presentation. In addition,
even if the Company’s results of operations, financial condition and liquidity, and the development of the industry in which the Company operates, are consistent with the forward-looking
statements contained in this Presentation, those results or developments may not be indicative of results or developments in subsequent periods. The information contained in these materials
has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person
accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or
damage suffered or incurred howsoever arising, directly or indirectly, from any use of this presentation or its contents or otherwise in connection with this presentation, and makes no
representation or warranty, express or implied, for the contents of this presentation including its accuracy, fairness, completeness or verification or for any other statement made or purported to
be made by any of them, or on behalf of them, and nothing in this presentation or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past
or the future. Past performance is not a guide for future performance. The information contained in this presentation is current, and if not stated otherwise, made as of the date of this
presentation. The Company undertake no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party
intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to
ensure that they are making an informed decision. This document is a Presentation and is not intended to be a “prospectus” or “offer document” (as defined or referred to, as the case may be,
under the Companies Act, 2013). This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is
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certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this
presentation, you agree to be bound by the foregoing limitations. You further represent and agree that (i) you are located outside the United States and you are permitted under the laws of your
jurisdiction to receive this presentation or (ii) you are located in the United States and are a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended
(the “Securities Act”). This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or
sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under
the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities
laws of any state or other jurisdiction of the United States. The Company’s securities have not been and will not be registered under the Securities Act. This document has not been and will not be
reviewed or approved by a regulatory authority in India or by any stock exchange in India. This document and its contents should not be forwarded or delivered or transmitted in any manner to
any person other than its intended recipient, and should not be reproduced in any manner whatsoever. The distribution of this Presentation in certain jurisdictions may be restricted by law and
persons in to whose possession this Presentation comes should inform themselves about and observe any such restrictions. By reviewing this Presentation, you agree to be bound by the
foregoing limitations.

2
Table of Content

1 Industry Overview

2 Company Overview

3 Key Highlights

4 Financial Highlights

3
Industry Overview - Urea
Urea Consumption is higher than other nutrients mix & remains the preferred choice of nutrient for more than two decades

2001 2021
DAP, 17% DAP, 15%
MOP, 5% MOP, 5%

Urea, 56% NPKS, 14% Urea, 54% NPKS, 18%

Others, 8% Others, 8%

Production , Sales & Import of Urea (Lakh MT) Estimated Demand For Urea (Lakh MT)
400
336 351 342
350 317
303 40.0
300 33.0 34.5
251 35.0 31.2 31.0 32.3 32.5
241 239 245 246 30.0 29.1 29.8 30.4
250 30.0
193
200 163 25.0
150 20.0
91 98 91
100 76 15.0
60
50 35 10.0
5.0
0
FY 18 FY 19 FY 20 FY21 FY 22 Oct-22 0.0
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23P FY26P
Import Production Sales

With the demand exceeding the production, India is reliant on Imports to meet the increasing demand
4
Source: Department of fertilizers, FAI
Industry Overview - Fertilizers
Trend & Outlook for Non Urea Fertilizers in India (Million Tonnes)
35.0 33.0
29.7 30.5
28.9
30.0
25.1 26.0
24.6 24.0 24.5
25.0 23.0

20.0

15.0

10.0

5.0

0.0
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22E FY23P FY26P

Demand Forecast of Non Urea Fertilizers Products in India (Million Tonnes )

40.0
35.0
30.0 13.0
25.0 10.8 11.7
20.0 8.8 8.4 8.6 8.9 9.3 4.7
8.5 4.2 4.3 4.8
15.0 4.3 3.8 3.4 3.5 3.5
3.3 3.4 4.0 4.2
10.0 1.0 2.5 2.9 3.2
2.9
5.0 9.5 9.8 10.0 10.8 13.0
7.6 9.1 9.0 9.3
0.0
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22P FY26P

DAP MOP SSP NPK

Demand Forecast for Non-Urea fertilisers is expected to grow at a CAGR of 2.2-3.2% from FY 2021 to FY 2026

5
Source: Department of fertilizers, FAI
Industry Overview - Fertilizers
Production & Sales of DAP (Lakh MT) Production & Sales of Complex Fertilizers (Lakh MT)
120 140
103 105
118 115
100 95 93 120
90 104
95 96 93 93
80
100 88 91 83
65
80
60 46 54 58
45 42 60
39 38
40
24 40
20 20
0 0
FY 18 FY 19 FY 20 FY21 FY 22 Oct-22 FY 18 FY 19 FY 20 FY21 FY 22 Oct-22

Production Sales Production Sales

Demand Forecast of Fertilizers Products in India (Lakh MT )

400 353 361 368 367

300

200 137 142

130 128 132 133 134 135
100 71 72 76 78
51 52 52 54

0
FY 20 FY 21 FY 22 FY 23

Urea DAP NP/NPKs SSP MOP

Demand Forecast for Urea Products is consistently higher as compared to other nutrients

6
Source: Department of fertilizers, FAI
Industry Overview - Chemicals

Indian Chemicals Industry

Total USD 83 Bn.
Agro
Bio-
chemicals Speciality
technology,
2 bn, 2% Chemicals, 15
2.5 bn, 3%
bn, 18%

Pharma-
ceuticals,
20 bn, 24%
Base
Chemicals,
43.3 bn, 53%

7
Table of Content

1 Industry Overview

2 Company Overview

3 Key Highlights

4 Financial Highlights

8
Company Overview (1/2)
Business Description
Business Description Manufacturing
ManufacturingPants
Units
• Rashtriya Chemicals and Fertilizers Limited (RCF), a ‘Mini-Ratna’, is a leading fertilizers and chemicals manufacturing company with about
75% of its equity held by the Government of India
• It has two operating units, one at Trombay in Mumbai and the other at Thal, Raigad district, about 100 KM from Mumbai
• RCF manufactures Urea, Complex Fertilizers, Biofertilizers, Micro-nutrients, 100 per cent water soluble fertilizers, soil conditioners and a
wide range of Industrial Chemicals
• RCF has countrywide marketing network with more than 5,800 dealers present all over India
• Besides fertilizer products, RCF also produces a large number of industrial chemicals that are important for the manufacture of dyes,
solvents, leather, pharmaceuticals and a host of other industrial products

Shareholding Pattern (As On September 30,2022) Market Share in terms of Urea Production (2021)

20% 19%
18%
15% `
16%
Public 14%
14%
25% 11%
12% 9%
9%
10%
8%
6% 5% 4% 4%
4% 3% 3% 3%
Governm
2%
ent of
0%
India
75%

Source: BSE
RCF is the 5th largest manufacturer of Urea in India
9
Company Overview (2/2)
EPS & DPS Payout
Business (In INR)
Description Share Information
Manufacturing Pants
14 12.77 NSE Symbol RCF
12 10.02 BSE Symbol 524230
10
8 6.92 As on 06th December 2022
6
3.77
2.98
3.85 CMP (Rs.) 128.15
4 2.52 2.84
1.43 1.6
2 0.6 0.77 52 Week High (Rs.) 132.10
0 52 Week Low (Rs.) 66.70
FY18 FY19 FY20 FY21 FY22 FY23 (Upto
Sep 22) Market Cap (INR Mn.) 70,698.80
EPS DPS Free Float (INR Mn.) 17,674.70

1 year Price & Volume Movement

140 6000000
120 5000000
100
4000000
80
3000000
60
2000000
40
20 1000000

0 0
06-Dec-21 06-Jan-22 06-Feb-22 06-Mar-22 06-Apr-22 06-May-22 06-Jun-22 06-Jul-22 06-Aug-22 06-Sep-22 06-Oct-22 06-Nov-22

No.of Shares Close Price

Consistent Profit Making and Dividend paying company

10
Source: BSE
Product Portfolio
Product Portfolio Portfolio of Chemicals and
Manufacturing Pants
Financial Snapshot
Fertilizers

Urea Complex Fertilisers Industrial Chemicals Trading Speciality Nutrients

Imported Fertilizers |
Methylamines, AN Melt & Urea, DAP & MOP Other
Bio-Fertilizers - “Biola”
Argon etc. indigenous phosphatic
fertilizers like SSP

Nitric Acid , Ammonia Water Soluble Fertilizers

Ammonium bi cabornate - “Sujala”

Micro nutrients -
“Microla”

11
 Business Overview
Diversified Product Offerings

 RCF manufactures and markets various fertilizers and Chemicals which have a high degree of brand recall and
patronage.
 RCF enjoys a significant market in Urea sector and complex fertilizers produced by RCF is quite popular.
 RCF produces Speciality Nutrients like Bio-Fertilizers (Biola), Micro nutrients (Microla) and water soluble
Fertilizers (Sujala).
 RCF also trades in imported fertilizers like Urea, DAP , MOP and other indigenous phosphatic fertilizers like SSP
etc.
 RCF produces industrial chemicals such as concentrated Nitric Acid, Ammonium Bi-carbonate, Methylamines,
AN Melt & Argon etc. which are used in diversified applications

Production Performance (In Lakh MT) Sales Performance (In Lakh MT)

25.10
20.61

20.22

30.00

23.89
19.84

25.00

23.57
19.12

22.62
18.59

22.08
25.00
20.00

20.00
15.00

10.28
8.75

15.00
10.00
5.71

5.71
5.61

5.37

6.08
4.78

5.87
4.40

5.43
5.26
10.00
3.92

4.94
4.68
3.38

3.30
3.26

3.26
2.86

3.51
3.41

3.34

3.31
2.40
2.28

3.12

2.80
1.96

3.12
1.72
1.71

2.45

2.56
1.32

2.36
5.00

1.33
1.00

5.00

- -
FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 (Upto FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 (Upto
Sept 22) Sept 22)

Urea Thal Urea Trombay Suphala Industrial Products Urea Suphala IPD Traded MOP,DAP etc
Note: Sale of IPD includes sale of Intermediary Products 12
DIVERSIFIED INDUSTRIAL
PRODUCTS PROFILE
PRODUCTS INDUSTRIAL APPLICATIONS
DRUGS
DYES
ACRYLIC FIBRE
CONC. NITIRIC ACID PHARMACEUTICALS

TEXTILE
PHARMACEUTICALS
ANHYDROUS AMMONIA RUBBER

AMMONIUM
NITRATE EXPLOSIVES
(MELT) FERTILIZERS

FORMALDEHYDE
METHANOL DRUGS
CIVIL AVIATION

13
DIVERSIFIED INDUSTRIAL
PRODUCTS PROFILE
PRODUCTS INDUSTRIAL APPLICATIONS

BAKERIES
PHARMACEUTICALS
AMMONIUM BICARBONATE TANNERIES

PESTICIDES
AMINES MONO/DI/TRI DRUGS
DYESTUFF
PHARMACEUTICALS
POULTRY
RAYON
RUBBER
DIMETHYL
FORMAMIDE POLYMER
DYESTUFF & PIGMENTS
PHARMACEUTICAL

FORMIC ACID LEATHER

RUBBER
DYES & CHEMICALS

14
RCF’s Market Share- Industrial
Chemicals
2020-21
Product RCF Sale
Industry sale (MT) Market Share (%)
(MT)
AMMONIA 2,97,612 77,612 26%

AN MELT 10,50,000 1,40,000 13%

DILUTE NITRIC ACID 1,80,000 35,000 20%

CON.NITRIC ACID 3,83,000 33,000 10%

METHYL AMINES 51,300 11,500 22%

AMMONIUM BICARBONATE (MRUDULA) 65,000 30,000 43%

15
 REVENUES
REVENUES FROM FERTILIZERS US $ (MM)
1600 1408
1400 1271
1132
1200 1010 972
1000
800
600
400
200
0
FERTILIZER

2017-18 2018-19 2019-20 2020-21 2021-22

REVENUES FROM INDUSTRIAL PRODUCTS US $ (MM)

350
304
300
250
200
137 138
150 122
93
100
50
0
IPD SALES

2017-18 2018-19 2019-20 2020-21 2021-22

Note: USD INR at average exchange rate for the year 16

SEGMENT WISE PERFORMANCE
Particulars (In INR Mn) FY 2021 FY 2022 FY 2023 Q1 FY 2023 H1

Segment Wise Revenue

Fertilizers 64,458 95,647 29,462 71,303

Industrial Chemicals 10,238 22,670 9,609 17,390

Trading 7,996 9,688 10,465 16,573

Segment Results
Fertilizers 3,351 3,659 1,037 3,811

Industrial Chemicals 2,295 5,047 3,814 5,479

Trading 984 392 (77 ) (687 )

Margin (%)
Fertilizers 5.20 % 3.83% 3.52 % 5.34 %

Industrial Chemicals 22.42 % 22.26 % 39.69 % 31.51 %

Trading 12.31 % 4.05 % (0.74 )% (4.14) %

17
Manufacturing Facilities
Thal Unit
 Large producer of Urea along with Industrial Chemicals located 100 kms south of Mumbai spread across
997 acres (including township)
 IMS-ISO 14001, ISO- 9001 & OHSAS- 18001 accredited
 Manufactures Ammonia, Urea, Methylamines etc.
 Captive power capacity of 237,600 mwh

Trombay Unit

 Multiproduct integrated fertilizers & process chemicals factory in Mumbai spread across 765 acres
(including township)
 IMS-ISO 14001, ISO- 9001 & OHSAS- 18001 accredited
 Manufactures Ammonia, Urea, NPK, Nitric Acid, Sulphuric Acid, etc
 Two large plants process Sewage Water resulting In about 15 MLD of treated water from each plant

Efficient Manufacturing facilities with high capacity utilization

Thal (‘000 MT) Trombay (‘000 MT) Suphala (‘000 MT)

2500 110% 400 110% 800 83% 83% 85%

101% 102%
99% 99% 700 78%
96% 100% 100% 80%
2000 93%
300 600
75%
90% 90%
1500 500
70%
80% 200 80% 400
2,022
2,000

2,000

2,000

690

690

690
1,912

338
1,859

330

330

330
326

326

1000 65%

571

571
300

537
70% 70%
60%
100 200
500 60% 60% 100 55%

0 50% 0 50% 0 50%

FY 20 FY 21 FY 22 FY 20 FY 21 FY 22 FY 20 FY 21 FY 22

Capacity Production Utilisation Capacity Production Utilisation Capacity Production Utilisation 18

Robust Distribution Network
Complex Fertilizer (SUPHALA) Urea (UJJWALA) BIOLA

Water Soluble (SUJALA) City Compost

MICROLA

0.9 State wise Sales for 2022

0.9 0.9 0.6 0.5
1.8 1.8 0.9 0.0 Maharashtra
1.9
5.6 Karnataka

6.2 Andhra Pradesh

7.0 51.9 Telangana
West Bengal
18.9
Haryana
Bihar
Uttar Pradesh
Rajasthan

A network of over ~5800 dealers to reach out to farmers across India backed by strong brand equity
19
Policy Impact
POLICY IMPACT ON THE COMPANY
• In case of very low Import Parity Price (IPP) of Urea and increase in gas prices,
production of Urea beyond RAC is unremunerated.
1

• Urea and P&K fertilizers are still subjected to price and distribution controls.
Accordingly, the trade margins are lower.
2

• Provision towards Subsidy in budget is critical as any delay adversely impacts

its financing costs.
3

• Applicability of One Nation One Fertilizer Policy.

4

Despite the industry being highly regulated, RCF has been a consistent profit making & dividend paying company
20
Experienced Management Team
Key Management Personnel
POLICY IMPACT ON THE COMPANY

Shri S. C. Mudgerikar Smt. N. J. Shaikh Shri Milind Madukar Deo Smt Aneeta C Meshram
Chairman & Managing Director (Finance) Director(Technical) Govt. Nominee Director
Director
Independent Directors

Smt. Shashi Bala Bharti Shri Chandra Bhushan Pandey Shri. Gopinathan Nair
Independent Director Independent Director Annilkumar
Department Heads Independent Director

Department Name Designation

Commercial / HRD Shri.Nuhu H Kurane Executive Director
Co-ordination & CSO Shri Tushar Bhagwat Executive Director
Trombay Unit Head Shri Anil Mathur Executive Director
Finance Shri Anil Dandekar Executive Director
Thal Unit Head Shri Aniruddha M Khadilkar Executive Director
HR, Admn & IT Smt. Sunita Shukla Executive Director
Marketing Smt. Sunetra Kamble Executive Director (I/C)
Legal & Company Secretary Shri Jai Bhagwan Sharma Executive Director
Trombay (Operations) Shri Anil Srivastava Executive Director
Projects Shri Ajay M Patil Executive Director
HSE Shri Rajiv Pande Chief General Manager
21
Awards & Accolades
Award for Excellence in Safety; Production, Promotion And Marketing Of Biofertilizer, Organic Fertilizer, City Compost
Winner; Best Production Performance Award For Complex Fertilizer Plant Special Award-all received in 2021

Award for Award for Promotion & Marketing of Micronutrients in India Winner; Greentech Foundation
Award for Energy Conservation; Greentech Foundation- Award for Corporate Governance all received in 2021

22
Table of Content

1 Industry Overview

2 Company Overview

3 Key Highlights

4 Financial Highlights

23
Key Highlights

Expansion Initiatives Business Strategy

 Capacity of 1.27 LMT being
• Coal Gasification Based targeted through Coal
Ammonia /Urea Plants on a JV gasification based Ammonia
basis with GAIL, Coal India & /Urea project through its Joint
Fertilizer Corporation at an venture at Talcher
estimated cost of INR 1,327.7 Mn
(RCF equity share is INR 11,842  With agricultural growth
Mn) with a capacity to spurring demand for fertilizers,
manufacture 1.27 mn MTPA of this plant is expected to be a
Urea. game changer as it will not only
augment domestic capacity but
• Revival of Brahmaputra Valley also unleash the potential of our
Fertilizer Corporation Limited – coal reserves ensuring
Namrup Unit. The project entails production at low costs
setting up an Urea plant (capacity
of 1.27 Million MTPA). The  Further with Government of
estimated Project Cost is India considering a special policy
INR 78,000 Mn. RCF share in the for urea produced from this
said JV is 17% plant and ensuring a Post Tax
equity IRR of 12%, the project
• Signing of MoU for Technology viability is ensured
Transfer of Nano Urea (Liquid)
production by IFFCO to RCF & NFL

24
Key Highlights
Business Strategy
Focus on Improving Efficiency

NPK project at Thal : Setting

of Brown Field NPK plant
with about 4 lakhs MT of
NPK. Estimated Project cost AN-Melt- Setting up of new
INR 9,145.8 Mn. Payback plant with capacity of 425
period about 6 years. MTPD at an estimated
Nano Urea Project- Signed
project cost of INR 1800 Mn.
MoU and Technology Ammonia V Revamp (KBR
Payback period - 3-4 years.
Transfer Agreement with Scheme): Estimated project
IFFCO for setting up of cost INR 727.5 Mn. Benefits
Nano Urea Fertilizer Plant. envisaged 0.25 Gcal/ MT of
A diversification strategy. Installation of Gas Turbine Ammonia. Payback period 2-
at Trombay (Estimated 3 years.
project cost INR 4,270 Mn
Benefits envisaged 0.30
Scaled up production of
Gcal/MT of Urea and
existing An-Melt plant from
reduction in cost of energy.
1.4 LMT to 1.90 LMT.
Payback period 3-4 years.

25
Key Highlights
Business Strategy
Marketing Initiatives

RCF is also using

community radio
services of Krishi
Vigyan Kendra (KVK) Experienced Senior
for telecasting Management Team with
To broaden the reach farmers education Strong GoI Parentage
to Farmers, RCF is programs. Farmer reach through
setting up Model various farm
Retail Shops “Kisan extension activities
Suvidha Kendra”. The like field
Company has set-up Demonstration, farm
150 centers.` Plant for increased usage of
magazine - Sheti-
digital technology to reach-
patrika, celebrating
out to farmers through
soil testing days etc.
Mobile App, Facebook,
Twitter, Instagram and Pan India Network Backed
YouTube Channel under the by Strong Brand Equity
name of "RCF Kisan Manch”.

26
Table of Content

1 Company Snapshot

2 Industry Overview

3 Key Highlights

4 Financial Highlights

27
 Performance Highlights FY 2023 (6M)
 RCFL achieved fertilizer sales volume of 15.96 lakh MT during 6M FY 2023 as compared to 14.66 lakh MT during
EBITDA
the corresponding period of previous year

 Total sale of manufactured fertilizers during 6M FY 2023 was 13.40 lakh MT Vs. 13.12 lakh MT during the
previous year.

 The company produced 10.47 lakh MT of Urea & 3.30 lakh MT of Suphala 15:15:15, during 6 M ended FY 2023
as compared to 10.34 lakh MT of Urea & 2.52 lakh MT of Suphala15:15:15 produced during the corresponding
period of previous year.

 During the 6M ended of FY 2023, Company scaled up its industrial products operations and achieved higher
sales of AN Melt (CY 0.89 lakh MT, PY 0.83 lakh MT).

PAT Net Worth

Production Performance (In ‘000 MT) Sales Performance (In ‘000 MT)
2,500 2,500 2,262 2,208
1,912 1,859
2,000 2,000

1,500 1,500
1,028
1,000 875
1,000
537 571 543 587 494
500 338 326 286 330 500 351 331 312 236 256
240 172 280
132
- -
FY 21 FY 22 FY 23 (Upto Sept 22) FY 21 FY 22 FY 23 (Upto Sept 22)
Urea Thal Urea Trombay Suphala IPD Urea Suphala IPD Traded MOP,DAP etc
Note: Sale of IPD includes sale of Intermediary Products 28
Financial Performance Highlights
Revenue (in INR Mn) Profit & Loss Statement & Balance SheetEBITDA (in INR Mn)
1,40,000 1,28,122 EBITDA (INR Mn) EBITDA Margin
1,20,000 8.79%
1,05,325 12,000 10.60% 12.00%
96,980
1,00,000 88,855 10,000 9.08% 8.74% 10.00%
82,812
80,000 72,820 7.34%
8,000 8.00%
5.89%

11,257
60,000 50,031 6,000 4.50% 6.00%

9,208
8,781
7,120
40,000 4,000 4.00%

5,234

4,544
3,280
20,000 2,000 2.00%

- - 0.00%
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1FY22 H1FY23 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1FY22 H1FY23

PAT (in INR Mn) Net Worth (in INR Mn)

8,000 6.50% 7.00% 50,000
5.48% 44,407
7,000 45,000
5.33% 6.00% 38,819
40,000 36,537
6,000 4.64% 33,513
5.00% 35,000 31,882
29,297 30,297
5,000 30,000
4.00%
4,000 25,000
7,024

3.00%
5,615

3,000 2.13% 20,000

1.51% 15,000
3,841

2.00%
3,254

2,000 1.08%
10,000
1,341

2,068

1.00%
788

1,000 5,000
- 0.00% -
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1FY22 H1FY23 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1FY22 H1FY23

PAT (INR Mn) PAT Margin FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 H1FY22 H1FY23
29
Source: Audited Consolidated Financial Statements & Unaudited Financials for six month period
Financial Performance Highlights

Particulars (In INR Mn) FY 2018 Profit &FYLoss

2019Statement & BalanceFYSheet
FY 2020 2021 FY 2022 FY 2022 H1 FY 2023 H1
Net sales 72,820 88,855 96,980 82,812 1,28,122 50,031 1,05,325
Operating expenses 70,152 84,418 91,095 75,297 1,18,229 46,097 96,942

EBITDA 3,280 5,234 7,120 8,781 11,257 4,544 9,208

EBITDA Margin 4.50% 5.89% 7.34% 10.60% 8.79% 9.08% 8.74%

Depreciation 1,370 1,557 1,710 1,753 1,836 911 1,016

EBIT 1,909 3,677 5,409 7,028 9,422 3,633 8,191

Interest paid 626 1,559 2,378 1,796 1,259 475 1,091

Other income 612 797 1,292 1,266 1,365 610 825

Pre-tax profit 1,282 2,302 2,019 5,301 9,419 4,394 7,190

Tax 494 961 52 1,460 2,396 1,140 1,575

Exceptional items 1 (234) 1,002 47 (1,276) (1,274) -
Adjusted net profit 788 1,341 2,068 3,841 7,024 3,254 5,615
Pat Margin (%) 1.08% 1.50% 2.13% 4.64% 5.48% 6.50% 5.33%
EPS (Rs) 1.43 2.43 3.75 6.96 12.73 5.9 10.18
Networth 29,297 30,297 31,882 33,513 38,819 36,537 44,407
RONW% 2.69 4.43 6.49 11.46 18.09 8.9 12.64
Total Debt 12,547 33,106 48,138 20,668 29,682 18,094 30,688

Debt/Equity 0.43 1.09 1.51 0.62 0.76 0.50 0.69

30
Source: Audited Consolidated Financial Statements & Unaudited Financials for six month period
Financial Highlights
Financial Ratios

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