National Fertilizer Ltd

About [ edit ]

National Fertilizer 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. The Company is also engaged in trading of Imported and Domestic Fertilizers, Compost, Seeds, Agro Chemicals and other Agro products.

  • Market Cap 3,017 Cr.
  • Current Price 61.5
  • High / Low 70.0 / 23.1
  • Stock P/E 7.80
  • Book Value 42.7
  • Dividend Yield 1.54 %
  • ROCE 5.69 %
  • ROE 9.33 %
  • Face Value 10.0

Pros

Cons

  • Company has a low return on equity of 11.07% for last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 1.77% of profits over last 3 years
  • Company has high debtors of 214.95 days.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2,162 3,231 3,764 3,133 2,547 3,736 3,789 3,014 2,832 3,174 2,939
2,020 3,025 3,519 2,858 2,531 3,516 3,483 2,757 2,510 2,910 2,730
Operating Profit 143 207 245 276 16 220 307 257 322 263 208
OPM % 7% 6% 7% 9% 1% 6% 8% 9% 11% 8% 7%
Other Income 5 5 22 19 15 16 7 -363 6 8 5
Interest 64 82 78 92 105 113 94 100 101 78 59
Depreciation 18 19 23 86 23 99 76 128 77 78 79
Profit before tax 66 111 166 117 -97 23 144 -333 150 116 76
Tax % 38% 36% 37% 33% 34% -5% 25% 25% 28% 26% 30%
Net Profit 41 71 104 78 -64 25 107 -249 108 85 53
EPS in Rs 0.84 1.46 2.11 1.59 -1.31 0.50 2.18 -5.07 2.21 1.74 1.08

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
8,514 7,757 7,600 8,943 12,429 13,135 11,959
8,130 7,197 7,041 8,404 11,417 12,286 10,908
Operating Profit 385 560 559 539 1,012 850 1,051
OPM % 5% 7% 7% 6% 8% 6% 9%
Other Income 37 45 45 62 52 -329 -344
Interest 304 231 193 192 320 409 337
Depreciation 73 87 85 73 285 374 362
Profit before tax 45 287 325 335 459 -263 8
Tax % 41% 31% 36% 36% 36% 31%
Net Profit 26 197 208 213 294 -181 -2
EPS in Rs 0.53 4.02 4.24 4.34 5.99 -3.69 -0.04
Dividend Payout % 32% 30% 0% 0% 31% -26%
Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:20%
TTM:-9%
Compounded Profit Growth
10 Years:%
5 Years:50%
3 Years:-2%
TTM:166%
Stock Price CAGR
10 Years:-5%
5 Years:15%
3 Years:5%
1 Year:165%
Return on Equity
10 Years:%
5 Years:11%
3 Years:11%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
491 491 491 491 491 491 491
Reserves 990 1,199 1,334 1,495 1,720 1,412 1,604
Borrowings 7,645 6,124 4,135 3,061 6,464 8,103 5,956
4,332 4,207 4,223 4,582 5,231 4,560 4,531
Total Liabilities 13,458 12,019 10,182 9,628 13,905 14,565 12,581
4,443 4,259 4,059 4,080 3,993 3,726 3,607
CWIP 39 33 51 64 133 656 826
Investments 0 23 152 217 265 323 425
8,975 7,705 5,921 5,268 9,513 9,860 7,723
Total Assets 13,458 12,019 10,182 9,628 13,905 14,565 12,581

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
304 1,848 2,453 1,661 -2,703 -487
-89 -87 -201 -346 -310 -640
-214 -1,760 -2,250 -1,314 3,022 1,130
Net Cash Flow 1 2 1 1 9 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 6% 8% 9% 11% 6%
Debtor Days 216 226 205 160 210 215
Inventory Turnover 15.70 10.48 12.08 9.08 7.08

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.71 74.71 74.71 74.71 74.71 74.71 74.71 74.71 74.71 74.71 74.71 74.71
1.49 1.33 1.21 1.02 0.82 0.19 0.07 0.01 0.04 0.00 0.09 0.01
16.06 16.04 15.76 15.69 15.80 13.79 13.81 13.79 13.69 2.18 2.19 15.27
7.74 7.92 8.32 8.57 8.67 11.30 11.41 11.49 11.55 23.10 23.01 10.01

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