National Fertilizer Ltd

National Fertilizer Ltd

₹ 97.2 -0.05%
19 Apr - close price
About

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]

Key Points

Products and Services
The Co. is engaged in production and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products like Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite and Sodium Nitrate. [1]
It also provides services to farmers such as educating them on judicious use of fertilizers along with total know-how on improved and scientific methods of cultivation to improve soil productivity. Apart from this, the co is also having 100 Kisan Suvidha Kendra’s (KSKs) to provide all agro products and services to the farmers under a single window concept. [2]

  • Market Cap 4,766 Cr.
  • Current Price 97.2
  • High / Low 130 / 65.0
  • Stock P/E
  • Book Value 48.5
  • Dividend Yield 2.87 %
  • ROCE 15.0 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 65.4 to 50.8 days.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.9% over last 3 years.
  • Earnings include an other income of Rs.204 Cr.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,939 2,961 2,632 3,691 5,092 4,442 6,455 6,754 10,137 6,268 5,048 5,660 7,581
2,728 2,846 2,536 3,511 4,970 4,261 6,174 6,572 9,200 6,599 5,060 5,714 7,266
Operating Profit 210 115 97 180 122 181 281 182 937 -331 -12 -55 315
OPM % 7% 4% 4% 5% 2% 4% 4% 3% 9% -5% -0% -1% 4%
5 12 8 11 8 6 8 11 33 144 12 32 17
Interest 59 52 27 34 34 38 51 73 94 84 104 39 50
Depreciation 79 78 82 82 85 85 87 87 90 89 87 90 92
Profit before tax 78 -3 -5 75 12 64 150 33 786 -359 -191 -153 190
Tax % 29% 8% 13% 25% 25% 24% 26% 24% 25% 25% 25% 26% 26%
55 -3 -4 56 9 48 112 25 589 -269 -144 -113 140
EPS in Rs 1.12 -0.06 -0.09 1.14 0.18 0.98 2.27 0.50 12.00 -5.48 -2.93 -2.31 2.85
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7,303 6,718 8,012 8,514 7,757 7,600 8,943 12,429 13,135 11,906 15,857 29,617 24,557
6,996 6,678 7,874 8,130 7,197 7,041 8,404 11,412 12,273 10,989 15,266 28,539 24,638
Operating Profit 307 40 137 385 560 559 539 1,017 862 917 591 1,078 -82
OPM % 4% 1% 2% 5% 7% 7% 6% 8% 7% 8% 4% 4% -0%
38 -21 37 37 47 45 62 52 -331 33 26 193 204
Interest 70 132 207 304 231 193 192 320 409 294 137 308 277
Depreciation 91 118 129 73 87 85 73 285 374 312 335 353 359
Profit before tax 184 -231 -161 45 288 325 335 463 -253 343 145 610 -513
Tax % 31% 26% 44% 41% 31% 36% 36% 36% 32% 27% 25% 25%
127 -171 -90 26 199 208 213 298 -171 250 108 456 -386
EPS in Rs 2.58 -3.48 -1.83 0.53 4.05 4.24 4.34 6.08 -3.49 5.09 2.21 9.30 -7.87
Dividend Payout % 30% 0% 0% 32% 30% 0% 0% 31% -27% 0% 0% 30%
Compounded Sales Growth
10 Years: 16%
5 Years: 27%
3 Years: 31%
TTM: -12%
Compounded Profit Growth
10 Years: 20%
5 Years: 19%
3 Years: 27%
TTM: -150%
Stock Price CAGR
10 Years: 14%
5 Years: 23%
3 Years: 23%
1 Year: 28%
Return on Equity
10 Years: 10%
5 Years: 12%
3 Years: 12%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 491 491 491 491 491 491 491 491 491 491 491 491 491
Reserves 1,264 1,093 1,003 990 1,200 1,336 1,497 1,728 1,430 1,681 1,824 2,283 1,891
2,985 5,615 7,558 7,645 6,124 4,135 3,061 6,464 8,103 1,892 3,172 3,992 1,203
1,672 3,888 4,702 4,332 4,207 4,223 4,582 5,231 4,561 4,382 5,244 6,002 7,136
Total Liabilities 6,411 11,087 13,754 13,458 12,021 10,184 9,630 13,914 14,584 8,445 10,730 12,768 10,721
550 3,501 4,682 4,443 4,259 4,059 4,080 3,993 3,726 3,615 4,230 3,969 3,971
CWIP 2,653 1,358 14 39 33 51 64 133 656 862 138 178 186
Investments 0 0 0 2 15 125 219 274 342 448 491 491 491
3,208 6,228 9,058 8,973 7,714 5,949 5,268 9,513 9,861 3,520 5,870 8,130 6,073
Total Assets 6,411 11,087 13,754 13,458 12,021 10,184 9,630 13,914 14,584 8,445 10,730 12,768 10,721

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-118 -678 -1,608 304 1,850 2,453 1,661 -2,699 -309 7,034 -826 -335
-2,166 -1,774 -133 -89 -88 -202 -346 -314 -820 -509 -333 -204
2,257 2,455 1,739 -214 -1,760 -2,250 -1,314 3,022 1,132 -6,505 1,145 526
Net Cash Flow -27 3 -2 1 2 1 1 9 3 20 -14 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 121 171 211 216 226 205 160 210 215 81 65 51
Inventory Days 43 37 34 25 48 63 45 90 67 25 90 57
Days Payable 37 30 30 15 31 44 42 35 47 42 58 33
Cash Conversion Cycle 128 178 216 225 244 224 163 265 235 64 97 75
Working Capital Days 85 119 221 244 232 181 147 208 212 42 62 50
ROCE % 7% -1% 1% 4% 6% 8% 9% 11% 6% 9% 6% 15%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71%
0.35% 0.68% 0.81% 0.81% 0.40% 0.18% 0.20% 0.54% 0.39% 0.39% 1.10% 0.48%
13.98% 13.37% 13.20% 13.14% 13.14% 13.14% 12.75% 12.40% 11.89% 9.90% 8.51% 8.38%
10.96% 11.24% 11.28% 11.33% 11.75% 11.97% 12.36% 12.36% 13.01% 15.00% 15.68% 16.43%
No. of Shareholders 1,23,9551,18,3011,15,7171,17,7261,21,1591,18,7061,19,6231,12,9851,18,2371,34,9461,57,9192,34,201

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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