---
title: "Asian Fertilizers Ltd (524695) — Share Price, Financials & Analysis"
symbol: "524695"
company: "Asian Fertilizers Ltd"
canonical: "https://tapetide.com/stocks/524695"
isin: "INE01OY01018"
bse_code: "524695"
sector: "Commodities"
industry: "Fertilizers & Agrochemicals"
generated_at: "2026-09-13T18:23:45.400Z"
---

# Asian Fertilizers Ltd (524695)

Canonical page: https://tapetide.com/stocks/524695

## Company

- **BSE Code:** 524695
- **ISIN:** INE01OY01018
- **Sector:** Commodities
- **Industry:** Fertilizers & Agrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** asianfertilizers.com

## About

Asian Fertilizers The principal activity of the Company is the manufacturing of Fertilizers.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 28.0 to 19.6 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.5% over past five years.
- Company has a low return on equity of 1.22% over last 3 years.
- Earnings include an other income of Rs.1.13 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -158% | -38% | -20% |
| revenue growth | -26% | -5% | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.81 | 14.57 | 9.96 | 11.11 | 21.35 | 16.49 | 16.41 | 21.41 | 17.54 | 20.01 | 9.27 | 9.3 |
| Expenses | 14.54 | 13.75 | 9.89 | 11.03 | 20.97 | 16.31 | 15.6 | 21.01 | 16.73 | 19.35 | 9.75 | 9.67 |
| Operating Profit | 0.27 | 0.82 | 0.07 | 0.08 | 0.38 | 0.18 | 0.81 | 0.4 | 0.81 | 0.66 | -0.48 | -0.37 |
| OPM % | 1.82 | 5.63 | 0.7 | 0.72 | 1.78 | 1.09 | 4.94 | 1.87 | 4.62 | 3.3 | -5.18 | -3.98 |
| Other Income | 0.41 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.2 | 0.2 | 0.21 | 0.18 | 0.45 | 0.29 |
| Interest | 0.38 | 0.41 | 0.18 | 0.45 | 0.31 | 0.41 | 0.14 | 0.36 | 0.33 | 0.46 | 0.33 | 0.47 |
| Depreciation | 0.12 | 0.14 | 0.06 | 0.11 | 0.09 | 0.1 | 0.11 | 0.09 | 0.12 | 0.1 | 0.09 | 0.1 |
| Profit before tax | 0.18 | 0.41 | -0.03 | -0.34 | 0.13 | -0.18 | 0.76 | 0.15 | 0.57 | 0.28 | -0.45 | -0.65 |
| Tax % | 27.78 | 26.83 | -33.33 | 5.88 | 23.08 | -38.89 | 27.63 | 20 | 29.82 | 25 | -26.67 | 0 |
| Net Profit | 0.14 | 0.3 | -0.02 | -0.35 | 0.09 | -0.11 | 0.55 | 0.11 | 0.41 | 0.21 | -0.34 | -0.65 |
| EPS in Rs | 0.18 | 0.38 | -0.03 | -0.44 | 0.11 | -0.14 | 0.7 | 0.14 | 0.52 | 0.27 | -0.43 | -0.82 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 31.93 | 47.67 | 47.77 | 39.67 | 73.59 | 80.6 | 52.24 | 65.36 | 68.24 | 56.12 |
| Expenses | 30.53 | 43.68 | 44.93 | 36.88 | 69.55 | 77.24 | 51.24 | 63.9 | 66.85 | 55.5 |
| Operating Profit | 1.4 | 3.99 | 2.84 | 2.79 | 4.04 | 3.36 | 1 | 1.46 | 1.39 | 0.62 |
| OPM % | 4.38 | 8.37 | 5.95 | 7.03 | 5.49 | 4.17 | 1.91 | 2.23 | 2.04 | 1.1 |
| Other Income | 0.58 | 0.47 | 0.47 | 0.53 | 0.41 | 0.52 | 0.8 | 0.64 | 1.04 | 1.13 |
| Interest | 1.29 | 1.74 | 0.95 | 1.03 | 0.87 | 1.12 | 1.28 | 1.32 | 1.48 | 1.59 |
| Depreciation | 0.4 | 0.44 | 0.51 | 0.51 | 0.5 | 0.53 | 0.45 | 0.42 | 0.4 | 0.41 |
| Profit before tax | 0.29 | 2.28 | 1.85 | 1.78 | 3.08 | 2.23 | 0.07 | 0.36 | 0.55 | -0.25 |
| Tax % | 6.9 | 32.46 | 28.11 | 32.02 | 25 | 27.8 | 42.86 | 33.33 | 27.27 | — |
| Net Profit | 0.26 | 1.54 | 1.33 | 1.21 | 2.3 | 1.61 | 0.05 | 0.24 | 0.39 | -0.37 |
| EPS in Rs | 0.33 | 1.95 | 1.68 | 1.53 | 2.91 | 2.04 | 0.06 | 0.3 | 0.49 | -0.46 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7.84 | 7.84 | 7.9 | 7.9 | 7.9 | 7.9 | 7.9 | 7.9 | 7.9 | 7.9 |
| Reserves | 2.16 | 2.41 | 3.98 | 5.3 | 6.5 | 8.81 | 10.41 | 10.45 | 10.79 | 11.19 |
| Borrowings | 6.7 | 7.71 | 7.55 | 7.84 | 10.08 | 7.57 | 10.11 | 12.97 | 13.13 | 20.29 |
| Other Liabilities | 7.24 | 6.34 | 6.76 | 11.56 | 5.64 | 12.75 | 5.58 | 5.95 | 12.76 | 11.38 |
| Total Liabilities | 23.94 | 24.3 | 26.19 | 32.6 | 30.12 | 37.03 | 34 | 37.27 | 44.58 | 50.76 |
| Fixed Assets | 5.36 | 5.7 | 5.41 | 5.13 | 4.7 | 4.65 | 4.9 | 4.85 | 4.59 | 4.25 |
| CWIP | 0 | 0 | 0.25 | 0 | 0.08 | 0 | 0.45 | 1.39 | 1.64 | 3.2 |
| Investments | 1.15 | 1.15 | 1.33 | 1.33 | 1.33 | 2.13 | 2.13 | 2.13 | 2.13 | 2.13 |
| Other Assets | 17.43 | 17.45 | 19.2 | 26.14 | 24.01 | 30.25 | 26.52 | 28.9 | 36.22 | 41.18 |
| Total Assets | 23.94 | 24.3 | 26.19 | 32.6 | 30.12 | 37.03 | 34 | 37.27 | 44.58 | 50.76 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.83 | 0.62 | 2.02 | 0.53 | -1.29 | 8.66 | -3.1 | -0.15 | 4.63 | -0.77 |
| Cash from Investing Activity | -2.05 | -0.59 | -0.05 | 0.01 | 0.7 | -5.58 | 1.77 | -1.4 | -3.32 | -4.99 |
| Cash from Financing Activity | -0.47 | -0.31 | -1.84 | -0.64 | 0.89 | -3.38 | 1.41 | 1.58 | -1.16 | 5.68 |
| Net Cash Flow | -0.68 | -0.28 | 0.13 | -0.09 | 0.31 | -0.3 | 0.08 | 0.03 | 0.16 | -0.07 |
| Free Cash Flow | 1.33 | -0.12 | 1.63 | 0.51 | -1.45 | 8.28 | -4.31 | -1.5 | 4.23 | -2.39 |
| CFO/OP | 62 | 43 | 56 | 42 | -35 | 243 | -65 | -18 | 320 | -55 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 22.31 | 40.92 | 25.11 | 29.72 | 32.02 | 20.24 | 15.99 | 36.82 | 27.53 | 19.58 |
| Inventory Days | 106.53 | 155.65 | 111.48 | 176.35 | 250.11 | 117.9 | 92.92 | 149.89 | 102.91 | 76.51 |
| Days Payable | 51.76 | 29.86 | 32.09 | 91.35 | 38.8 | 73.03 | 21.32 | 25.5 | 63.44 | 50.94 |
| Cash Conversion Cycle | 77.08 | 166.71 | 104.51 | 114.73 | 243.33 | 65.11 | 87.59 | 161.21 | 67 | 45.15 |
| Working Capital Days | 14.36 | 25.83 | 28.41 | 39.73 | 71.12 | 22.47 | 48 | 72.94 | 52.49 | 52.63 |
| ROCE % | 22.32 | 9.12 | 21.5 | 13.99 | 12.35 | 16.2 | 12.68 | 4.52 | 5.32 | 5.7 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 30% | 31.8% | 31.8% | 36.69% | 36.7% | 36.7% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% |
| DIIs | 1.18% | 1.18% | 1.18% | 1.18% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% |
| Public | 68.81% | 67.01% | 67.01% | 62.13% | 62.3% | 62.3% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% |
| No. of Shareholders | 9443 | 8361 | 8361 | 8339 | 8514 | 8514 | 8513 | 8512 | 8495 | 8488 | 8476 | 8475 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% | 31.85% |
| DIIs | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% |
| Public | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% | 67.15% |
| No. of Shareholders | 8498 | 8494 | 8495 | 8496 | 8494 | 8488 | 8488 | 8488 | 8488 | 8487 | 8476 | 8475 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 5 / 2 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 5.95 | Sell |
| EMA (10) | 5.93 | Sell |
| SMA (20) | 6.07 | Sell |
| EMA (20) | 6.03 | Sell |
| SMA (50) | 6.26 | Sell |
| EMA (50) | 6.26 | Sell |
| SMA (100) | 6.69 | Sell |
| EMA (100) | 6.75 | Sell |
| SMA (200) | 7.76 | Sell |
| EMA (200) | 7.87 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 29.67 | Buy |
| MACD (12,26,9) | -0.12 | Sell |
| Stochastic (14,3,3) | 19.81 | Buy |
| ADX (14) | 36.9 | Buy |
| Williams %R (14) | -81.16 | Buy |
| ATR (14) | 0.25 | High Volatility |
| ROC (12) | -6.02 | Sell |
| Stoch RSI (14) | 4.52 | Buy |
| UO (7,14,28) | 38.43 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-05 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=09feb781-11ca-4c45-8dad-2de617cdac02.pdf) |
| 2026-09-05 | [AGM As On 30/9/2026 At 03:00 PM Through VC/OAVM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e3e2c9e1-8fc2-4952-b7eb-628fb59e2c3e.pdf) |
| 2026-08-12 | [Results For Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e89cc0f4-d523-48aa-b4ca-59c07130bda8.pdf) |
| 2026-08-12 | [Board Meeting Outcome for Outcome For Board Meeting 2/2026-27 Held On 12/08/2026 At 03:00 PM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8c0fd761-c65b-468d-bb7e-0dcaa59d3b19.pdf) |
| 2026-08-05 | [Board Meeting Intimation for The Meeting No 2/2026-27 Of The Board Of Directors Of Asian Fertilizers Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8498c1da-1abe-4064-9e80-0e9c8fa80fa4.pdf) |
| 2026-07-17 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c3e1312-4225-4b60-bc75-4d2719094387.pdf) |
| 2026-05-30 | [Results: Financial Results For The Quarter And Year Ended 31 March 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b7674f7-f606-43d2-ba7c-eab107393d4c.pdf) |
| 2026-05-30 | [Board Meeting Outcome for Outcome For Board Meeting 1/2026-27 Held On 30/05/2026 At 04:00 PM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5f760a28-c080-491c-b93d-4d1157fe04d7.pdf) |
| 2026-05-22 | [Board Meeting Intimation for The Meeting No 1/2026-27 Of The Board Of Directors Of Asian Fertilizers Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=02adddb9-3fb3-454e-956e-27a5c4ddf851.pdf) |
| 2026-04-10 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e634fe64-c936-4e64-9c1c-5f21272af036.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 8h - CRISIL reaffirmed CRISIL A1+ on Rs350 crore commercial paper (rating rationale dated March 5, 2026). | [Announcement under Regulation 30 (LODR)-Credit Rating 8h - CRISIL reaffirmed CRISIL A1+ on Rs350 crore commercial paper (rating rationale dated March 5, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachLive/657e3de3-7581-41b9-8008-ad27c9b3ada1.pdf) |
| 8 Jan - RTA confirms physical share certificates canceled and dematerialized for quarter ended 31 Dec 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jan - RTA confirms physical share certificates canceled and dematerialized for quarter ended 31 Dec 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dc77b960-b4f8-403d-8151-5ce02a88aded.pdf) |
| 29 Jan - Submitting newspaper clipping for extracts of unaudited financial results | [Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jan - Submitting newspaper clipping for extracts of unaudited financial results](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ba5c5264-9762-4805-b32c-e21a6e6b29fb.pdf) |
| 28 Jan - Approved unaudited results to 31 Dec 2025; interim dividend Rs0.10/share; record date 4 Feb 2026. | [Announcement under Regulation 30 (LODR)-Date of payment of Dividend 28 Jan - Approved unaudited results to 31 Dec 2025; interim dividend Rs0.10/share; record date 4 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b35f189e-58f3-4562-ad89-209baedded95.pdf) |
| 10 Apr - Company filed Compliance Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31 March, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr - Company filed Compliance Certificate under Reg.74(5) of SEBI (DP) Regulations, 2018 for the quarter ended 31 March, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e634fe64-c936-4e64-9c1c-5f21272af036.pdf) |
| — | [Results: Financial Results For The Quarter Ended 31 December, 2025 13 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/92196601-483e-4c87-b0e6-f6c6fa642cf9.pdf) |
| — | [Board Meeting Outcome for Outcome For Board Meeting 4/2025-26 Held On 13/02/2026 13 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2d2cc2ff-052c-4a87-8d71-99079095cb30.pdf) |
| — | [Board Meeting Intimation for The Meeting No 4/2025-26 Of The Board Of Asian Fertilizers Limited 5 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88cca96d-d316-4b0f-9034-ccb238590c12.pdf) |
| — | [Considered And Approved The Unaudited Financial Results (Standalone & Consolidated) For The Quarter And Nine Months Ended December 31, 2025 28 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6dce108d-d0e2-49ef-a0b5-f100f94f0341.pdf) |
| — | [Corporate Action - Fixes Record Date For Interim Dividend For FY 2025-26 28 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2a32ed4f-5802-46f3-9f29-db75e4499dca.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f8f7cab0-b7d8-42a5-ab89-15d5e690278f.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c74c43ac-6620-41be-9645-85c2e2e934c2.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a169488f-d565-4923-953a-d8c822af8313.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/76719505526.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/72117505526.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/5055260320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/5055260319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/5055260318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/5055260317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/505526/5055260316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/73d185a8-6ffc-4c2d-aacc-faa4356eda89.pdf) |
| Feb 2023 | [Concall - Feb 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b1f6f801-f5e5-4531-be93-f7b8b1ebe48c.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:23:45.400Z.