Madhya Bharat Agro Products Ltd

Q1 FY27Fertilizers & Agrochemicals

Madhya Bharat Agro Products Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹166

Market cap₹7.0K Cr

P/E45.2

Updated23 Sept 2026

Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueGood growth

MarginMargins steady

CapexCapex planned

FundraiseFundraise planned

The short version

The company is confident of strong performance in coming quarters supported by new products, ongoing developments, and strong fertilizer demand in India. Confident performance expected in coming quarters supported by new products, development, and strong fertilizer demand.

From Madhya Bharat Agro Products Ltd's Q1 FY27 earnings-call transcript · updated 23 Sept 2026.

Revenue & Sales Performance

Good growth

The company is confident of strong performance in coming quarters supported by new products, ongoing developments, and strong fertilizer demand in India.
Revenue guidance for FY27 is expected to be met or outperformed despite current challenges.
Capacity expansion at Dhule project slated for commissioning in October 2026 will drive significant performance improvement.
Post-expansion, a more than 50% increase in turnover is anticipated.
Capacity utilization for the new Dhule NPK/DAP plant is targeted at around 60%, with existing facilities around 90%.
Revenue is expected to witness a quantum jump in the remaining quarters of FY27.
The company targets Rs 3,500 crore revenue and 15.6 lakh MT capacity by FY28.

2 more points management made on revenue & sales performance

Profitability & Margins

Confident performance expected in coming quarters supported by new products, development, and strong fertilizer demand.
Full-year revenue growth guidance for FY27 maintained despite challenges.
EBITDA and overall profitability anticipated to improve in next three quarters.
First quarter EBITDA margin and PAT margin expanded due to integrated platform and lower-cost raw material inventory.
Capacity utilization expected to improve as raw material supply normalizes.
Dhule expansion projects slated for commissioning in October 2026 (330,000 MTPA NPK/DAP) and October 2027, increasing capacity significantly.
Revenue target of Rs 3,500 crore and capacity of 15.6 lakh MT by FY28 envisioned.
Earnings per share increased to Rs 0.75 from Rs 0.64 YoY in Q1 with expectation of further growth.

2 more points management made on profitability & margins

See what Madhya Bharat Agro Products Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

The Dhule project expansion is a major ongoing capex, with the next phase scheduled for commissioning by October 2026, adding:
330,000 MTPA DAP-NPK fertilizer capacity
99,000 MTPA phosphoric acid capacity.
The final phase of Dhule expansion is targeted for October 2027, adding:
330,000 MTPA DAP-NPK fertilizer capacity
66,000 MTPA phosphoric acid capacity
396,000 MTPA sulfuric acid capacity.
Additional land acquisition at the Dhule complex (52,600 sqm) supports future expansion.
Funding for expansions is tied up with bankers and internal accruals; no immediate equity dilution planned, though future funding mix (debt/equity/internal accruals) remains under discussion.

2 more points management made on capital expenditure plans

Top-ranked in Fertilizers & Agrochemicals

Ranked on what management guided this quarter

5x potential

1Anya Polytech & Fertilizers Ltd₹180 Cr

Rev 2Mar 1

2Dharmaj Crop₹934 Cr

Rev 2Mar 2

3₹5.6K Cr

Rev 2Mar 3

4₹1.3K Cr

Rev 3Mar 1

5₹59.0K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Funding for the next phase of expansion beyond Dhule is already tied up with bankers and internal accruals.
Currently, there is no plan for equity dilution.
However, if deemed appropriate in the interest of the company, shareholders, and business, equity dilution may be considered in the future.
Any decision on equity dilution will comply with regulatory requirements, and shareholders will be informed accordingly.
The funding structure for the planned next expansion expected from October 2027 is still under discussion.

2 more points management made on fundraising & capital structure

See what Madhya Bharat Agro Products Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Madhya Bharat Agro Products Limited. However, the company conveyed confidence in strong demand and improving operational conditions: - Fertilizer demand is strong with sales exceeding production in Q1 FY27. - Market demand remained resilient despite supply-side constraints. - Company expects capacity utilization to improve in coming quarters. - New capacities from the Dhule expansion project (due Oct 2026 and Oct 2027) will support significant growth.

2 more points management made on order book & pipeline

Madhya Bharat Agro Products Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹395 Cr, net profit ₹60 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What M B Agro Prod.'s management said in earlier quarters

Others in Fertilizers & Agrochemicals this season

Advance Agrolife (Q1 FY27)
Q1 FY27 revenue from operations: ₹3,304 million, a 96% year-on-year (YoY) increase (Page 23, 25, 22). Key investor presentation takeaways from Advance Agrolife
Bhagiradha Chem. (Q1 FY27)
195.0 crore . Key investor presentation takeaways from Bhagiradha Chemicals & Industries Ltd's Q1 FY27 investor presentation — and how it ranks against sector p
Sumitomo Chemical India Ltd (Q1 FY27)
1,063.3 crore, a 1% year-on-year (YoY) increase from Rs. Key investor presentation takeaways from Sumitomo Chemical India Ltd's Q1 FY27 investor presentation —
Dharmaj Crop (Q1 FY27)
Revenue from Operations for Q1 FY27: ₹3,841 Mn, a 5% increase YoY from ₹3,674 Mn in Q1 FY26. Key investor presentation takeaways from Dharmaj Crop Guard Ltd's Q

Compare:vs Coromandel Inter vs F A C T vs UPL

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Madhya Bharat Agro Products Ltd Q1 FY27 results?

What is Madhya Bharat Agro Products Ltd share price analysis?

Madhya Bharat Agro Products Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 45.2 with a market cap of ₹7,002 Cr. Investors should review the full earnings analysis for detailed insights.

Is Madhya Bharat Agro Products Ltd planning capital expenditure?

The Dhule project expansion is a major ongoing capex, with the next phase scheduled for commissioning by October 2026, adding: - 330,000 MTPA DAP-NPK fertilizer capacity - 99,000 MTPA phosphoric acid capacity.

Keep Madhya Bharat Agro Products Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.