National Fertilizer Share Price & Earnings Call Analysis

₹59.73-0.62% today
Market cap
₹2,930 Cr
P/E
8.05
ROE
7.47%
PEG
-0.35
Price to sales
0.13
Debt to equity
1.40
52W high / low
₹95.5 / ₹57.1
Sales growth (5Y)
12.57%
EBITDA margin
4.39%
Net profit margin
0.97%
Promoter holding
74.71%
Sales (last year)
₹22,480 Cr

National Fertilizers Limited is engaged in production and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products. It is also engaged in trading of Imported and Domestic Fertilizers, Compost, Seeds and other Agro products. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹194 Cr23.2
2Dharmaj Crop20–40%Up 0–2%₹862 Cr14.3
3M B Agro Prod.20–40%Flat₹8,127 Cr52.5
420–40%Flat₹7,066 Cr35.9
510–20%Up 2%+₹1,167 Cr17.4
610–20%Flat₹50,035 Cr26.8

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Financials of National Fertilizer

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of National Fertilizer

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +6,2575,0485,6607,5845,2845,0924,3905,8564,4573,5346,7636,8704,347
Expenses +6,5905,0605,7147,2664,9054,9854,2655,7104,2223,4536,6606,5744,026
Operating Profit-333-12-5531837910712514623481103296321
OPM %-5%-0%-1%4%7%2%3%2%5%2%2%4%7%
Other Income +17934582555533747629155946
Interest841043950749060413546557277
Depreciation8987909292919394959699110100
Profit before tax-326-169-127201268-21957167-52-36172190
Tax %-28%-28%-31%25%23%-59%-35%19%19%-24%-0%22%20%
Net Profit +-236-121-87151208-91246135-39-36135152
EPS in Rs-4.81-2.48-1.783.084.23-0.180.250.932.75-0.80-0.732.763.09

Financials of National Fertilizer

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +8,5147,7577,6008,94312,42913,13511,90615,85729,58723,55619,79821,514
Expenses +8,1307,1977,0418,40411,41712,28311,00115,46928,50922,93919,18220,681
Operating Profit3855605595391,0128529043881,077617615834
OPM %5%7%7%6%8%6%8%2%4%3%3%4%
Other Income +3745456252-331332619519620396
Interest304231193192320409294137308277233249
Depreciation73878573285374312335353362373405
Profit before tax45287325335459-263331-58612174212275
Tax %41%31%36%36%36%-31%28%63%25%14%13%23%
Net Profit +26197208213294-181237-95458150184211
EPS in Rs0.534.024.244.345.99-3.694.83-1.949.343.063.754.31
Dividend Payout %32%30%0%0%31%-26%0%0%30%9%42%0%

Financials of National Fertilizer

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital491491491491491491491491491491491491
Reserves9901,1991,3341,4951,7201,4121,6501,5892,0512,0552,2252,350
Borrowings +7,6456,1244,1353,0616,4648,1031,8923,1723,9934,0912,0013,964
Other Liabilities +4,3324,2074,2234,5825,2314,5614,3825,2446,0024,5634,5994,920
Total Liabilities13,45812,01910,1829,62813,90514,5658,41410,49612,53611,1999,31611,724
Fixed Assets +4,4434,2594,0594,0803,9933,7263,6154,2303,9693,8313,6943,534
CWIP39335164133656862138178242172161
Investments023152217265323416257259336443496
Other Assets +8,9757,7055,9215,2689,5139,8613,5205,8708,1316,7915,0077,534
Total Assets13,45812,01910,1829,62813,90514,5658,41410,49612,53611,1999,31611,724

Financials of National Fertilizer

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +3041,8482,4531,661-2,703-3197,021-1,029-3336682,590-1,342
Cash from Investing Activity +-89-87-201-346-310-810-497-129-206-334-268-263
Cash from Financing Activity +-214-1,760-2,250-1,3143,0221,132-6,5051,145526-318-2,3341,643
Net Cash Flow12119320-14-1316-1237
Free Cash Flow2121,7712,3641,364-2,969-1,0756,607-1,322-5403862,418-1,564
CFO/OP79%340%452%325%-258%-32%779%-252%-18%109%410%-156%

Financials of National Fertilizer

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days216226205160210215816551636092
Inventory Days254963459067259057412829
Days Payable153144423547425833314639
Cash Conversion Cycle225244224163265235649775724281
Working Capital Days30302929288437-300
ROCE %6%8%9%11%6%9%2%16%7%8%9%
9out of 100

Momentum score · price trend

9 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−35.7%16%
Last 6 months−23.2%15%
Last 3 months−16.3%28%

The price is 60.7% below its all-time high of ₹152.8 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 18 became 9.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For National Fertilizer: 0.4 × 16 + 0.4 × 15 + 0.2 × 28 = 18, halved to 9 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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