National Fertilizer Ltd
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]
- Market Cap ₹ 4,783 Cr.
- Current Price ₹ 97.5
- High / Low ₹ 170 / 70.9
- Stock P/E 18.6
- Book Value ₹ 51.9
- Dividend Yield 0.28 %
- ROCE 6.70 %
- ROE 5.58 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Company has a low return on equity of 7.22% over last 3 years.
- Dividend payout has been low at 12.9% of profits over last 3 years
- 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
Part of BSE SmallCap BSE CPSE BSE Allcap BSE Commodities Nifty Microcap 250
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
8,514 | 7,757 | 7,600 | 8,943 | 12,429 | 13,135 | 11,906 | 15,857 | 29,587 | 23,556 | 20,622 | |
8,130 | 7,197 | 7,041 | 8,404 | 11,417 | 12,283 | 11,001 | 15,469 | 28,509 | 22,928 | 19,857 | |
Operating Profit | 385 | 560 | 559 | 539 | 1,012 | 852 | 904 | 388 | 1,077 | 628 | 765 |
OPM % | 5% | 7% | 7% | 6% | 8% | 6% | 8% | 2% | 4% | 3% | 4% |
37 | 45 | 45 | 62 | 52 | -331 | 33 | 26 | 195 | 185 | 182 | |
Interest | 304 | 231 | 193 | 192 | 320 | 409 | 294 | 137 | 308 | 277 | 265 |
Depreciation | 73 | 87 | 85 | 73 | 285 | 374 | 312 | 335 | 353 | 362 | 370 |
Profit before tax | 45 | 287 | 325 | 335 | 459 | -263 | 331 | -58 | 612 | 174 | 313 |
Tax % | 41% | 31% | 36% | 36% | 36% | -31% | 28% | 63% | 25% | 14% | |
26 | 197 | 208 | 213 | 294 | -181 | 237 | -95 | 458 | 150 | 257 | |
EPS in Rs | 0.53 | 4.02 | 4.24 | 4.34 | 5.99 | -3.69 | 4.83 | -1.94 | 9.34 | 3.06 | 5.23 |
Dividend Payout % | 32% | 30% | 0% | 0% | 31% | -26% | 0% | 0% | 30% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | 26% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -13% |
3 Years: | -16% |
TTM: | 188% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 32% |
3 Years: | 22% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 7% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 |
Reserves | 990 | 1,199 | 1,334 | 1,495 | 1,720 | 1,412 | 1,650 | 1,589 | 2,051 | 2,064 | 2,055 |
7,645 | 6,124 | 4,135 | 3,061 | 6,464 | 8,103 | 1,892 | 3,172 | 3,993 | 4,091 | 1,411 | |
4,332 | 4,207 | 4,223 | 4,582 | 5,231 | 4,561 | 4,382 | 5,244 | 6,002 | 4,563 | 5,684 | |
Total Liabilities | 13,458 | 12,019 | 10,182 | 9,628 | 13,905 | 14,565 | 8,414 | 10,496 | 12,536 | 11,208 | 9,641 |
4,443 | 4,259 | 4,059 | 4,080 | 3,993 | 3,726 | 3,615 | 4,230 | 3,969 | 3,831 | 3,769 | |
CWIP | 39 | 33 | 51 | 64 | 133 | 656 | 862 | 138 | 178 | 242 | 228 |
Investments | 0 | 23 | 152 | 217 | 265 | 323 | 416 | 257 | 259 | 345 | 400 |
8,975 | 7,705 | 5,921 | 5,268 | 9,513 | 9,861 | 3,520 | 5,870 | 8,131 | 6,791 | 5,244 | |
Total Assets | 13,458 | 12,019 | 10,182 | 9,628 | 13,905 | 14,565 | 8,414 | 10,496 | 12,536 | 11,208 | 9,641 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
304 | 1,848 | 2,453 | 1,661 | -2,703 | -319 | 7,021 | -1,029 | -333 | 668 | |
-89 | -87 | -201 | -346 | -310 | -810 | -497 | -129 | -206 | -334 | |
-214 | -1,760 | -2,250 | -1,314 | 3,022 | 1,132 | -6,505 | 1,145 | 526 | -318 | |
Net Cash Flow | 1 | 2 | 1 | 1 | 9 | 3 | 20 | -14 | -13 | 16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 216 | 226 | 205 | 160 | 210 | 215 | 81 | 65 | 51 | 63 |
Inventory Days | 25 | 49 | 63 | 45 | 90 | 67 | 25 | 90 | 57 | 41 |
Days Payable | 15 | 31 | 44 | 42 | 35 | 47 | 42 | 58 | 33 | 33 |
Cash Conversion Cycle | 225 | 244 | 224 | 163 | 265 | 235 | 64 | 97 | 75 | 70 |
Working Capital Days | 244 | 232 | 181 | 147 | 208 | 212 | 42 | 62 | 50 | 61 |
ROCE % | 6% | 8% | 9% | 11% | 6% | 9% | 2% | 16% | 7% |
Documents
Announcements
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Closure of Trading Window
1d - Board meeting on May 28 to approve FY25 results; trading window closed till May 30, 2025.
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Board Meeting Intimation for Intimation Regarding Holding Of Meeting Of Board Of Directors To Consider, Approve And Take On Record Audited Financial Results For The Quarter And Year Ended 31St March, 2025.
Intimation Regarding Closure Of Trading Window For Insiders.
1d - Board meeting on May 28 to approve FY25 results; trading window closed till May 30, 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
6 May - Appointed Prof. Rabi Ranjan Sen and Shri Jyoti Bhramar Tubid as independent directors from 05.05.2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
2 May - ICRA and India Ratings reaffirm National Fertilizers' credit ratings: AA (Stable) and A1+ for Rs 18,600 Cr limits.
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Announcement under Regulation 30 (LODR)-Retirement
1 May - Director (Technical) Rajan Kanwar retired on 30.04.2025; ceased as NFL director from 01.05.2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from nse
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Financial Year 2011
from bse
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]