Chambal Fertilizers & Chemicals Limited

10%

y 3 Urea Manufacturing Plants at single location No. 1 Private-sector manufacturer of Urea ~10% Urea Market Share 14 States Covered 76,000+ Retailers 21% ROE* 4,700+ Dealer network 25%

rs 21

Private-sector manufacturer of Urea ~10% Urea Market Share 14 States Covered 76,000+ Retailers 21% ROE* 4,700+ Dealer network 25% ROCE* AA+ Crisil Rating for bank loan facilities ( long ter

25%

~10% Urea Market Share 14 States Covered 76,000+ Retailers 21% ROE* 4,700+ Dealer network 25% ROCE* AA+ Crisil Rating for bank loan facilities ( long term ) Nil Net Debt to Equity* *As o

rs,

sustainable cost advantage. 37,000 32,000 27,000 • CFCL is into marketing of Complex Fertilisers, Crop Protection Chemicals (CPC) & Speciality 22,000 CHAMBAL FERTILISERS AND CHEMICALS LIMITED O

2.4 lakh

hip brand “Uttam”. • CFCL is strategically diversifying into industrial chemicals, by setting up a 2.4 lakh MTPA Technical Ammonium Nitrate (TAN) plant at Gadepan. • In 1997, the Company invested in a Jo

7%

continues to deliver strong performance and delivers stable earnings to CFCL. CPCCPC,SN & Seeds 7% Complex Fertilisers 37% Urea 56% 3 Journey Journey CHAMBAL FERTILISERS AND CHEMICALS LIMITED

rs 37

strong performance and delivers stable earnings to CFCL. CPCCPC,SN & Seeds 7% Complex Fertilisers 37% Urea 56% 3 Journey Journey CHAMBAL FERTILISERS AND CHEMICALS LIMITED 1985 1993 1994 1997-

56%

rmance and delivers stable earnings to CFCL. CPCCPC,SN & Seeds 7% Complex Fertilisers 37% Urea 56% 3 Journey Journey CHAMBAL FERTILISERS AND CHEMICALS LIMITED 1985 1993 1994 1997-1999 2000

INR 700 crore

Gadepan-III, strengthening CFCL’s position among India’s largest urea producers. Completed a INR 700 crore share buyback, reflecting strong cash flows and capital discipline.2025: Achieved a near deb

90%

Barat Mr. Rajnish Chaba Mr. Anand Gupta Geographical Presence PAN India reach covering ~ 90% of market Product portfolio comprises Urea, DAP, MOP, NPK, CPC, SN & Seeds Deeply entrenched deal

rs 4,700

BAL FERTILISERS AND CHEMICALS LIMITED Marketing network comprises of Regional offices 19 Dealers 4,700+ Retailers 76,000+ States Covered 14 7 Awards Innovation • FAI Award for Technical Innova

rs 76,000

ND CHEMICALS LIMITED Marketing network comprises of Regional offices 19 Dealers 4,700+ Retailers 76,000+ States Covered 14 7 Awards Innovation • FAI Award for Technical Innovation – Winner (FY2

“Rapid growth in biologicals (13–15% CAGR) driven by sustainability, regulatory push (MRL norms) and soil health concerns.”

“24 Technical Ammonium Nitrate Project Update CHAMBAL FERTILISERS AND CHEMICALS LIMITED 99.86% Engineering 99.80% Procurement 88.01% Construction 70.32% Construction 92.65% Overall Completion Total Project Cost INR 16,450 Million Production Capacity 2.4 Lakh MTPA Project implementation progressing as planned Construction activities are in full swing Amount spent on project till Q3FY26– INR 11,836 Million 25 CFCL and TERI establish a Centre of Excellence for Sustainable Agriculture.”

“• • • PROJECT SAKSHAM Technical & Vocational Education initiative 5 Industrial Training Institutes 1 Govt.”

“training 28 Corporate Social Responsibility Initiatives CHAMBAL FERTILISERS AND CHEMICALS LIMITED PROJECT AROGYA Health and Sanitation Initiatives 4 Government PHCs 31 Villages, 100+ Educational Institutions 2,00,000+ beneficiaries During third quarter of FY 2025-26, a total of 2,549 community members were screened for TB.”

“• • • • PROJECT PRAGATI Employability and Empowerment initiative initiative Support to Self Help Groups, One Village One Product Initiative 4000+ women supported • • • Four units under “One Village one Product” Initiative concept are functional in villages.”

“in training center cum production house 29 Corporate Social Responsibility Initiatives CHAMBAL FERTILISERS AND CHEMICALS LIMITED PROJECT SAAKAR Rural Development Initiatives 5 Industrial Training Institutes 1 Govt.”

“PROJECT BHOOMI Environmental Sustainability Initiative PROJECT UDAAN Promotion of Sports 4 Government PHCs 31 Villages, 100+ Educational Institutions 2,00,000+ beneficiaries 4 Government PHCs 31 Villages, 100+ Educational Institutions 2,00,000+ beneficiaries • • During Q3, field interventions promoted residue adoption of alternative crop management reducing stubble-burning incidents across identified in Haryana, Punjab and project areas Rajasthan.”

“India's Fertiliser Consumption • India’s fertiliser market is expanding (~USD 46 bn in 2025 → ~USD 63 bn by 2030, ~6% CAGR), which supports long-term demand for core products like urea and complex fertilisers.”

“FY22 FY23 FY24 FY25 6.0 0% 5.0 0% 4.0 0% 3.0 0% 2.0 0% 1.0 0% 0.0 0% 32 Evolution of Fertiliser Subsidies in India CHAMBAL FERTILISERS AND CHEMICALS LIMITED 2018 – Direct Benefit Transfer (DBT) Subsidy linked to actual sales via PoS.”

“• • Total Government Subsidy Disbursement Trend (INR Bn) 2,548 861 2,800 900 1,687 1,900 1,710 520 1,680 490 1,190 1,190 FY23 FY24 FY25 FY26 (E) 33 CPC & SN (including Biological) Solutions – Industry Opportunity CHAMBAL FERTILISERS AND CHEMICALS LIMITED • • • • • • • India is a key global CPC hub with strong exports to the US, Brazil and EU, supported by cost competitiveness and chemistry capabilities.”

Financial assets

2

Agriculture

1

Valorem Advisors Disclaimer

1

Agriculture

• • • • Growth in horticulture, oilseeds and speciality crops supporting nutrient intensity. Sustained government focus on food security, MSP support and rural income growth. Rising irrigation coverage and cropping intensity driving higher input usage. Shift toward yield optimisation and balanced nutrition, increasing per-hectare fertiliser consumption. Structural nitrogen demand remains stable due to soil deficiency and staple crop dominance. Policy push toward balanced fertilisation benefits phosphatic and potassic segments. Fertilisers (Urea, DAP, NPK, MOP) • • • Nutrient Based Subsidy (NBS) provides pricing flexibility for non-urea products. • Domestic capacity additions reduce import dependence and support supply security. Crop Solutions (Crop Protection, Biologicals & Speciality Nutrients) • • • • Low domestic agrochemical consumption (~0.6 kg/ha) → strong headroom for growth. Rising pest pressure, climate variability and need for higher yields driving input intensity. Increasing

Financial assets

i) Investments ii) Trade receivables ii) Cash and Cash Equivalents iii) Other bank balances iv) Loans v) Other Financial Assets Other Current Assets Assets classified as held for sale Total Current Assets Total Assets CHAMBAL FERTILISERS AND CHEMICALS LIMITED FY24 FY25 H1- FY26 64,009 1,835 186 32 3.2 3029.3 1 39 1,386 1,669 72,190 62,036 6,494 145 31 4 3029.3 0.4 37 397 3,221 75,393 60,709 11,353 128 34 34 3029 0.3 38 392 3,015 78,732 12,547 18,023 20,689 19,322 1,916 1,008 193 0.3 1,115 4615 30 40,745 1,12,935 8282 3,679 990 1,242 0.2 1,597 2,252 5 36,072 1,11,465 4,165 22,602 1,325 3,529 0.2 2,044 2,923 4 57,282 1,36,014 38 Historical Income Statement – Consolidated CHAMBAL FERTILISERS AND CHEMICALS LIMITED Particulars (INR Mn) Operational Income Total Expenses EBITDA EBITDA Margins (%) Finance Cost Depreciation and Amortization Other Income PBT Before Share of Profit from JV Net Profit from JV Accounted for using the Equity Method PBT Tax PAT PAT Margins (%) Other Comprehensive Inc

Financial assets

i) Investments ii) Trade receivables ii) Cash and Cash Equivalents iii) Other bank balances iv) Loans v) Other Financial Assets Current Tax Assets (Net) Other Current Assets Assets classified as held for sale Total Current Assets GRAND TOTAL – ASSETS CHAMBAL FERTILISERS AND CHEMICALS LIMITED FY24 FY25 H1- FY26 1,835 186 32 3 4,991 0.2 1 45 1,427 1,669 74,198 6,494 145 31 4 5,440 0.2 0.4 40 437 3,219 77,847 60,709 11,353 128 34 34 5,351 0.2 0.2 38 432 3,016 81,095 12,547 18,023 20,689 19,322 1,916 1,099 230 0.3 1,127 - 4,620 30 40,891 1,15,090 8,282 3,679 1,078 1,286 0.2 1,610 - 2,257 5 36,221 1,14,067 4,165 22,602 1,412 3,578 0.2 2,055 - 2,928 4 57,434 1,38,529 40 Market Debtors vs Subsidy Receivables CHAMBAL FERTILISERS AND CHEMICALS LIMITED 212 59 153 FY23 Subsidy received by CFCL (INR Bn) 145 27 118 FY24 119 10 109 FY25 103 21 82 9M-FY26 Urea Complex Fertilizer Receivables (INR Mn) 16,398 19,794 1,207 585 1,331 1,025 2,654 3,669 As on 31st March, 2023 As on 31st March, 2024 As on 31

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Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock of the Company under review in personal or company’s capacity. Contact us Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: chambal@valoremadvisors.com Investor Kit-link: http://valoremadvisors.com/chambal Mr. Anuj Jai