National Fertilizer Ltd

₹ 75.0 1.53%

12 Jun - close price

nationalfertilizers.com BSE: 523630 NSE: NFL

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

Market Leadership
The company is the largest urea producer amongst CPSEs in India, and the 2nd largest Urea player in India with a 12% share in the country’s total production. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 3,681 Cr.
Current Price ₹ 75.0
High / Low ₹ 104 / 63.4
Stock P/E 21.7
Book Value ₹ 58.0
Dividend Yield 2.08 %
ROCE 8.33 %
ROE 6.05 %
Face Value ₹ 10.0

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Pros

Cons

Company has low interest coverage ratio.
Company has a low return on equity of 3.54% over last 3 years.
Debtor days have increased from 71.6 to 91.8 days.

* 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

Commodities Chemicals Fertilizers & Agrochemicals Fertilizers

Part of BSE CPSE BSE Commodities Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	6,257	5,036	5,660	7,584	5,284	5,092	4,390	5,856	4,457	3,534	6,763	6,870	4,347
	6,590	5,060	5,714	7,266	4,905	4,985	4,265	5,710	4,222	3,446	6,635	6,574	4,026
Operating Profit	-333	-23	-55	318	379	107	125	146	234	89	128	296	321
OPM %	-5%	-0%	-1%	4%	7%	2%	3%	2%	5%	3%	2%	4%	7%
	146	23	32	14	29	20	14	32	25	9	15	17	12
Interest	84	104	39	50	74	90	60	41	35	46	55	72	77
Depreciation	89	87	90	92	92	91	93	94	95	96	99	110	100
Profit before tax	-359	-191	-153	190	242	-54	-14	42	130	-45	-10	131	157
Tax %	-25%	-25%	-26%	26%	25%	-23%	-23%	26%	25%	-28%	-1%	28%	25%
	-269	-144	-113	140	182	-41	-11	31	97	-32	-10	94	118
EPS in Rs	-5.48	-2.93	-2.31	2.85	3.70	-0.84	-0.22	0.63	1.98	-0.65	-0.21	1.91	2.41
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	8,514	7,757	7,600	8,943	12,429	13,135	11,906	15,857	29,587	23,556	19,798	21,514
	8,130	7,197	7,041	8,404	11,412	12,273	10,989	15,266	28,509	22,939	19,182	20,681
Operating Profit	385	560	559	539	1,017	862	917	591	1,077	617	615	834
OPM %	5%	7%	7%	6%	8%	7%	8%	4%	4%	3%	3%	4%
	37	47	45	62	52	-331	33	26	193	110	95	54
Interest	304	231	193	192	320	409	294	137	308	277	233	249
Depreciation	73	87	85	73	285	374	312	335	353	362	373	405
Profit before tax	45	288	325	335	463	-253	343	145	610	89	104	233
Tax %	41%	31%	36%	36%	36%	-32%	27%	25%	25%	27%	27%	27%
	26	199	208	213	298	-171	250	108	456	65	76	170
EPS in Rs	0.53	4.05	4.24	4.34	6.08	-3.49	5.09	2.21	9.30	1.32	1.55	3.46
Dividend Payout %	32%	30%	0%	0%	31%	-27%	0%	0%	30%	20%	100%	0%

Compounded Sales Growth
10 Years:	11%
5 Years:	13%
3 Years:	-10%
TTM:	9%

Compounded Profit Growth
10 Years:	-2%
5 Years:	-7%
3 Years:	-28%
TTM:	161%

Stock Price CAGR
10 Years:	8%
5 Years:	1%
3 Years:	2%
1 Year:	-26%

Return on Equity
10 Years:	9%
5 Years:	7%
3 Years:	4%
Last Year:	6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	491	491	491	491	491	491	491	491	491	491	491	491
Reserves	990	1,200	1,336	1,497	1,728	1,430	1,681	1,824	2,283	2,211	2,273	2,357
	7,645	6,124	4,135	3,061	6,464	8,103	1,892	3,172	3,993	4,091	2,001	3,964
	4,332	4,207	4,223	4,582	5,231	4,561	4,382	5,244	6,002	4,563	4,599	4,920
Total Liabilities	13,458	12,021	10,184	9,630	13,914	14,584	8,445	10,730	12,768	11,355	9,364	11,730
	4,443	4,259	4,059	4,080	3,993	3,726	3,615	4,230	3,969	3,831	3,694	3,534
CWIP	39	33	51	64	133	656	862	138	178	242	172	161
Investments	2	15	125	219	274	342	448	491	491	491	491	502
	8,973	7,714	5,949	5,268	9,513	9,861	3,520	5,870	8,131	6,791	5,007	7,534
Total Assets	13,458	12,021	10,184	9,630	13,914	14,584	8,445	10,730	12,768	11,355	9,364	11,730

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	304	1,850	2,453	1,661	-2,699	-309	7,034	-826	-335	583	2,482	-1,384
	-89	-88	-202	-346	-314	-820	-509	-333	-203	-249	-160	-222
	-214	-1,760	-2,250	-1,314	3,022	1,132	-6,505	1,145	526	-318	-2,334	1,643
Net Cash Flow	1	2	1	1	9	3	20	-14	-13	16	-12	37
Free Cash Flow	212	1,773	2,365	1,364	-2,964	-1,065	6,620	-1,119	-543	300	2,310	-1,606
CFO/OP	79%	340%	452%	325%	-257%	-31%	769%	-131%	-18%	95%	393%	-161%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	216	226	205	160	210	215	81	65	51	63	60	92
Inventory Days	25	48	63	45	90	67	25	90	57	41	28	29
Days Payable	15	31	44	42	35	47	42	58	33	31	46	39
Cash Conversion Cycle	225	244	224	163	265	235	64	97	75	72	42	81
Working Capital Days	30	30	29	29	28	8	4	3	7	-3	0	0
ROCE %	4%	6%	8%	9%	11%	6%	9%	6%	15%	5%	6%	8%

Insights

In beta

Mar 2014

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Aggregated Actual Energy Consumption (Nangal Plant)
Gcal/MT Urea

x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
				x,xxx					x,xxx	x,xxx	x,xxx

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Total Fertilizer Sales Volume
Lakh MT

Urea Capacity Utilization
%

Urea Production Volume
Lakh MT

Number of Dealers/Distributors
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%
	0.39%	0.39%	1.10%	0.48%	0.41%	0.41%	0.42%	0.60%	0.49%	0.91%	1.06%	0.70%
	11.89%	9.90%	8.51%	8.38%	7.47%	7.27%	7.28%	6.83%	6.21%	5.99%	5.91%	5.53%
	13.01%	15.00%	15.68%	16.43%	17.39%	17.60%	17.58%	17.85%	18.58%	18.39%	18.31%	19.05%
No. of Shareholders	1,18,237	1,34,946	1,57,919	2,34,201	2,59,888	3,15,448	3,07,998	3,10,563	3,10,847	2,99,076	2,89,521	2,87,339

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	89.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%
	0.31%	1.64%	1.02%	0.01%	0.01%	0.81%	0.54%	0.48%	0.60%	0.70%
	5.89%	16.01%	15.69%	13.79%	15.27%	13.14%	12.40%	8.38%	6.83%	5.53%
	4.09%	7.63%	8.57%	11.49%	10.01%	11.33%	12.36%	16.43%	17.85%	19.05%
No. of Shareholders	43,642	53,946	57,471	57,559	1,07,936	1,17,726	1,12,985	2,34,201	3,10,563	2,87,339

* 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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National Fertilizer Ltd

National Fertilizer Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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