National Fert. Ltd
NSE: NFL · Fertilizers · sector
₹57.14NSE close 2026-10-26
Key numbers
Market cap₹2,803 cr
Price₹57.14
52w high / low₹96 / ₹57
P/E7.7xSector median 7.9x
P/B1.0xSector median 0.9x
Book value₹57.9
Dividend yield2.73%Sector median 1.02%
ROE13.1%Sector median 11.1%
ROCE9.6%Sector median 9.9%
OPM4.5%Sector median 8.8%
Debt / equity1.39xSector median 0.32x
EV/EBITDA6.6xSector median 6.8x
Interest cover2.3x
Current ratio1.01x
Sales growth 3y-10.1%Sector median -0.8%
Profit growth 3y-22.7%Sector median +1.5%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 20 companies in Fertilizers (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹59 cr vs borrowings ₹3,959 cr (FY26): borrowings are higher by ₹3,900 cr.
- Operating profit covered interest 2.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY23, FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 15% of net profit in the last 12 months.
- Debtor days went from 63 (FY24) to 92 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹57.14 on 2026-10-26: -40.7% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹128.05 · low ₹57.14
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,390 | 5,856 | 4,457 | 3,534 | 6,763 | 6,870 | 4,347 | 4,500 |
| EBITDA | 125 | 149 | 234 | 89 | 128 | 296 | 321 | 267 |
| OPM % | 2.8% | 2.5% | 5.3% | 2.5% | 1.9% | 4.3% | 7.4% | 5.9% |
| Other income | 14 | 28 | 25 | 9 | 15 | 17 | 12 | 11 |
| Net profit | 12 | 46 | 135 | -39 | -36 | 135 | 152 | 113 |
| EPS (₹) | 0.25 | 0.93 | 2.75 | -0.80 | -0.73 | 2.76 | 3.09 | 2.31 |
| Revenue YoY | +54.0% | +17.3% | -2.5% | +27.3% | ||||
| Profit YoY | -396.7% | +195.1% | +12.4% | – |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 15,857 | 29,617 | 23,560 | 19,794 | 21,514 | 22,480 |
| EBITDA | 578 | 1,072 | 618 | 608 | 834 | 1,012 |
| Net profit | -95 | 458 | 150 | 184 | 211 | 364 |
| EPS (₹) | -1.94 | 9.34 | 3.06 | 3.75 | 4.31 | 7.43 |
| Revenue growth | +86.8% | -20.4% | -16.0% | +8.7% | +23.3% | |
| Profit growth | – | -67.3% | +22.6% | +15.0% | +137.8% | |
| Dividend / share (₹) | – | – | 2.79 | 0.27 | 1.56 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -10.1% | +12.6% | +23.3% |
| Net profit | -22.7% | -2.3% | +137.8% |
| EPS | -22.7% | -2.3% | – |
| Share price | – | -27.7% (2y) | -36.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,542 | 2,554 | 2,716 | 2,841 |
| Borrowings | – | 3,991 | 4,088 | 1,996 | 3,959 |
| Cash & equivalents | – | 16 | 38 | 33 | 59 |
| Total assets | – | 12,533 | 11,206 | 9,311 | 11,724 |
| Fixed assets | – | 3,966 | 3,829 | 3,645 | 3,494 |
| Capital work in progress | – | 147 | 208 | 172 | 161 |
| Investments | – | 0 | 345 | 0 | 0 |
| Receivables | – | 4,119 | 4,037 | 3,273 | 5,411 |
| Inventory | – | 3,070 | 1,750 | 911 | 1,085 |
| Payables | – | 1,756 | 1,435 | 1,537 | 1,479 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -1,029 | -333 | 668 | 2,590 | -1,342 |
| Cash from investing | -129 | -206 | -334 | -268 | -263 |
| Cash from financing | 1,145 | 526 | -318 | -2,334 | 1,643 |
| Capex | 297 | 208 | 292 | 204 | 228 |
| Free cash flow | -1,326 | -541 | 376 | 2,386 | -1,570 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.0% | 5.9% | 6.8% | 7.4% |
| ROCE % | – | 14.0% | 5.4% | 7.0% | 7.1% |
| Debtor days | – | 51 | 63 | 60 | 92 |
| Inventory days | – | 56 | 40 | 27 | 29 |
| Payable days | – | 32 | 33 | 45 | 39 |
| Cash conversion cycle (days) | – | 75 | 70 | 42 | 82 |
| Working capital days | – | 8 | -2 | 1 | 1 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.71% |
| FIIs | 0.51% |
| DIIs | 4.81% |
| of which Mutual funds | 0.07% |
| of which Insurance | 4.74% |
| Public (non-institutions) | 19.96% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% |
| Promoter group | % |
|---|---|
| President of India | 74.71% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 3.52% |
2,77,931 shareholders. Pledged: 0.00% of promoter shares.
Peers in Fertilizers
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL | ₹51,053 cr | 27.8x | 4.1x | 15.5% | 21.0% | 9.6% | +2.0% | 1.04% |
| FACT | ₹43,655 cr | – | 32.3x | -7.8% | 2.6% | 0.3% | -2.6% | 0.06% |
| CHAMBLFERT | ₹14,447 cr | 7.5x | 1.4x | 20.1% | 22.0% | 13.8% | -9.2% | 2.77% |
| PARADEEP | ₹14,315 cr | 13.3x | 2.1x | 19.8% | 14.5% | 9.7% | +17.8% | 0.69% |
| GSFC | ₹5,394 cr | 7.8x | 0.4x | 5.7% | 7.2% | 6.7% | -1.3% | 3.69% |
| RCF | ₹5,215 cr | 11.7x | 1.0x | 9.1% | 10.3% | 5.6% | -4.8% | 2.46% |
| NFL | ₹2,803 cr | 7.7x | 1.0x | 13.1% | 9.6% | 4.5% | -10.1% | 2.73% |
| SPIC | ₹1,120 cr | 5.5x | 0.8x | 16.0% | 12.8% | 8.8% | +1.5% | 3.56% |
| MADRASFERT | ₹827 cr | 11.6x | 9.0x | 237.8% | 20.4% | 3.7% | -12.6% | – |
| ZUARI | ₹802 cr | 0.8x | 0.4x | 47.6% | 37.2% | 40.5% | -11.1% | 1.02% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Manufactured Fertilizers | ₹12,958 cr | 59.7% | ₹92 cr | 0.7% |
| Traded Imported Fertilizers (Under NBS) | ₹6,414 cr | 29.6% | ₹189 cr | 2.9% |
| OthersDomesticTradedProductAgroInputsSaleServices | ₹1,808 cr | 8.3% | ₹173 cr | 9.6% |
| Manufactured Chemicals | ₹524 cr | 2.4% | ₹136 cr | 25.9% |
| Elimination | ₹-189 cr | -0.9% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Dividend | Dividend - Rs 1.04 Per Share |
| 2025-09-22 | Dividend | Dividend - Rs 1.56 Per Share |
| 2024-09-20 | Dividend | Annual General Meeting/Dividend - Rs 0.27 Per Share |
| 2023-09-22 | Dividend | Dividend - Rs 1.26 Per Share |
| 2023-06-09 | Dividend | Interim Dividend - Rs 1.53 Per Share |
| 2022-09-21 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-12-09 | Other | Annual General Meeting |
| 2020-03-19 | Dividend | Interim Dividend - Rs 0.95 Per Share |
| 2019-09-09 | Dividend | Annual General Meeting/Dividend - Rs 0.77 Per Share |
| 2019-02-13 | Dividend | Interim Dividend - Rs 1.09 Per Share |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-19 | Other | Annual General Meeting- Re 0.85 Per Share (Purpose Revised) |
| 2016-09-19 | Dividend | Annual General Meeting/Dividend - Rs 1.21 Per Share |
| 2015-09-15 | Dividend | Annual General Meeting/ Dividend - Re 0.17/- Per Share |
| 2014-07-30 | Other | Annual General Meeting / E-Voting |
| 2013-09-04 | Other | Annual General Meeting |
| 2011-08-29 | Dividend | Annual General Meeting And Dividend Re.0.85 Per Share |
| 2010-08-30 | Dividend | Annual General Meeting And Dividend Rs.1.05 Per Share |
| 2009-08-28 | Other | Agm/Div-Re.0.60 Per Share |
Documents
- Annual report FY26
- Annual report FY26
- Annual report FY25
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture and sale of fertilizer - Urea: a) Manufacture & Sale of fertilizer grade Urea, Bentonite Sulphur and other industrial products. b) Trading of other fertilizers & Agro Products (Agrochemicals, Seeds etc.)
| Sector | Commodities |
| Industry | Fertilizers |
| Sub-industry | Fertilizers |
| Symbol | NFL |
| BSE code | 523630 |
| ISIN | INE870D01012 |
| Face value | ₹10.0 |
| Incorporated | 1974-08-23 |
| Website | www.nationalfertilizers.com |
| Plants (India / abroad) | 5 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.