National Fertilizer
Chemicals
NFL NSE
₹61.40
Close ·
- P/E
- 8.26
Close 4 Nov 2026 ₹61.40 −31.78 −34.1% 1Y
Start ₹93.18
Key Fundamentals
MicrocapFertilizers & AgrochemicalsChemicalsPrice-based figures at the close · EPS basis: Consolidated · TTM
- ROCE
- 9.10%
- Debt to Equity
- 1.40
- EPS (TTM)
- ₹7.43
- Book Value
- ₹57.91
- Market Cap
- —
- P/E (TTM)
- 8.26
- P/B
- 1.06
- ROE
- 7.47%
- Dividend Yield
- 1.74%
- EBITDA
- ₹887 Cr
- 52W High
- ₹95.45
- 52W Low
- ₹56.01
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
39 Weak
Data confidence 100/100
Category scores
- Quality
- 22
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 68
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 79
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 18
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 17
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 31
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Stock is trading at 1.09 times its book value
- Company has been maintaining a healthy dividend payout of 24.8%
Weaknesses
3- Company has a low return on equity of 6.49% over last 3 years.
- Contingent liabilities of Rs.959 Cr.
- Debtor days have increased from 71.6 to 91.8 days.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bearish | 8 | 5 | 6 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Bearish
Bearish
8
Neutral
5
Bullish
6
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 48.14
- Neutral
- MACD (12,26,9)
- −1.55
- Bullish
- SMA (50)
- 65.25
- Bearish
- SMA (200)
- 72.67
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +10.74% |
|---|---|
| 5Y | +12.57% |
| 3Y | −10.07% |
| 1Y | +8.69% |
| TTM | +23.27% |
Net profit
| 10Y | +0.69% |
|---|---|
| 5Y | −2.30% |
| 3Y | −22.77% |
| 1Y | +14.67% |
| TTM | +136.36% |
Operating cash flow
| 10Y | Turned negative |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow widened by ₹1,009 Cr |
| 1Y | Turned negative |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −3.33 pp |
|---|---|
| 5Y | −3.70 pp |
| 3Y | +0.25 pp |
| 1Y | +0.78 pp |
| TTM | +1.18 pp |
Revenue by year
| Mar 2017 | ₹7,600 Cr |
|---|---|
| Mar 2018 | ₹8,943 Cr |
| Mar 2019 | ₹12,429 Cr |
| Mar 2020 | ₹13,135 Cr |
| Mar 2021 | ₹11,906 Cr |
| Mar 2022 | ₹15,857 Cr |
| Mar 2023 | ₹29,587 Cr |
| Mar 2024 | ₹23,556 Cr |
| Mar 2025 | ₹19,798 Cr |
| Mar 2026 | ₹21,519 Cr |
Net profit by year
| Mar 2017 | ₹208 Cr |
|---|---|
| Mar 2018 | ₹213 Cr |
| Mar 2019 | ₹294 Cr |
| Mar 2020 | −₹181 Cr |
| Mar 2021 | ₹237 Cr |
| Mar 2022 | −₹95.00 Cr |
| Mar 2023 | ₹458 Cr |
| Mar 2024 | ₹150 Cr |
| Mar 2025 | ₹184 Cr |
| Mar 2026 | ₹211 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | 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 | 5,048 | 5,660 | 7,584 | 5,284 | 5,092 | 4,390 | 5,856 | 4,457 | 3,534 | 6,763 | 6,870 | 4,347 | 4,500 |
| Expenses | 5,060 | 5,714 | 7,266 | 4,905 | 4,985 | 4,265 | 5,710 | 4,222 | 3,453 | 6,660 | 6,574 | 4,026 | 4,234 |
| Operating Profit | −12 | −55 | 318 | 379 | 107 | 125 | 146 | 234 | 81 | 103 | 296 | 321 | 267 |
| OPM % | −0.2% | −1% | 4.2% | 7% | 2.1% | 2.9% | 2.5% | 5% | 2.3% | 1.5% | 4.3% | 7% | 6% |
| Other Income | 34 | 58 | 25 | 55 | 53 | 37 | 47 | 62 | 9 | 15 | 59 | 46 | 54 |
| Interest | 104 | 39 | 50 | 74 | 90 | 60 | 41 | 35 | 46 | 55 | 72 | 77 | 79 |
| Depreciation | 87 | 90 | 92 | 92 | 91 | 93 | 94 | 95 | 96 | 99 | 110 | 100 | 104 |
| PBT | −169 | −127 | 201 | 268 | −21 | 9 | 57 | 167 | −52 | −36 | 172 | 190 | 138 |
| Tax % | −28% | −31% | 25% | 23% | −59% | −35% | 19% | 19% | −24% | 0% | 22% | 20% | 18% |
| Net Profit | −121 | −87 | 151 | 208 | −9 | 12 | 46 | 135 | −39 | −36 | 135 | 152 | 113 |
| EPS (₹) | −2.48 | −1.78 | 3.08 | 4.23 | −0.18 | 0.25 | 0.93 | 2.75 | −0.8 | −0.73 | 2.76 | 3.09 | 2.31 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,514 | 7,757 | 7,600 | 8,943 | 12,429 | 13,135 | 11,906 | 15,857 | 29,587 | 23,556 | 19,798 | 21,519 | 22,480 |
| Expenses | 8,130 | 7,197 | 7,041 | 8,404 | 11,417 | 12,283 | 11,001 | 15,469 | 28,509 | 22,939 | 19,182 | 20,682 | 21,494 |
| Operating Profit | 385 | 560 | 559 | 539 | 1,012 | 852 | 904 | 388 | 1,077 | 617 | 615 | 837 | 986 |
| OPM % | 4.5% | 7% | 7% | 6% | 8% | 6% | 8% | 2.4% | 3.6% | 2.6% | 3.1% | 3.9% | 4.4% |
| Other Income | 37 | 45 | 45 | 62 | 52 | −331 | 33 | 26 | 195 | 196 | 203 | 96 | 174 |
| Interest | 304 | 231 | 193 | 192 | 320 | 409 | 294 | 137 | 308 | 277 | 233 | 253 | 282 |
| Depreciation | 73 | 87 | 85 | 73 | 285 | 374 | 312 | 335 | 353 | 362 | 373 | 405 | 413 |
| PBT | 45 | 287 | 325 | 335 | 459 | −263 | 331 | −58 | 612 | 174 | 212 | 275 | 464 |
| Tax % | 41% | 31% | 36% | 36% | 36% | −31% | 28% | 63% | 25% | 14% | 13% | 23% | — |
| Net Profit | 26 | 197 | 208 | 213 | 294 | −181 | 237 | −95 | 458 | 150 | 184 | 211 | 364 |
| EPS (₹) | 0.53 | 4.02 | 4.24 | 4.34 | 5.99 | −3.69 | 4.83 | −1.94 | 9.34 | 3.06 | 3.75 | 4.31 | 7.43 |
| Div. Payout % | 32% | 30% | 0% | 0% | 31% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 0% | 0% | 30% | 9% | 42% | 24% | — |
Balance Sheet
₹ Cr| Particulars | 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 | 1,199 | 1,334 | 1,495 | 1,720 | 1,412 | 1,650 | 1,589 | 2,051 | 2,055 | 2,225 | 2,350 |
| Borrowings | 7,645 | 6,124 | 4,135 | 3,061 | 6,464 | 8,103 | 1,892 | 3,172 | 3,993 | 4,091 | 2,001 | 3,964 |
| Other Liabilities | 4,332 | 4,207 | 4,223 | 4,582 | 5,231 | 4,561 | 4,382 | 5,244 | 6,002 | 4,563 | 4,599 | 4,923 |
| Total Liabilities | 13,458 | 12,019 | 10,182 | 9,628 | 13,905 | 14,565 | 8,414 | 10,496 | 12,536 | 11,199 | 9,316 | 11,728 |
| Fixed Assets | 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 | 0 | 23 | 152 | 217 | 265 | 323 | 416 | 257 | 259 | 336 | 443 | 496 |
| Other Assets | 8,975 | 7,705 | 5,921 | 5,268 | 9,513 | 9,861 | 3,520 | 5,870 | 8,131 | 6,791 | 5,007 | 7,538 |
| Total Assets | 13,458 | 12,019 | 10,182 | 9,628 | 13,905 | 14,565 | 8,414 | 10,496 | 12,536 | 11,199 | 9,316 | 11,728 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 304 | 1,848 | 2,453 | 1,661 | −2,703 | −319 | 7,021 | −1,029 | −333 | 668 | 2,593 | −1,342 |
| Investing | −89 | −87 | −201 | −346 | −310 | −810 | −497 | −129 | −206 | −334 | −270 | −263 |
| Financing | −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 | 1,771 | 2,364 | 1,364 | −2,969 | −1,075 | 6,607 | −1,322 | −540 | 386 | 2,421 | −1,564 |
| CFO/OP | 79 | 340 | 452 | 325 | −258 | −32 | 779 | −252 | −18 | 109 | 411 | −155 |
Ratios
| Particulars | 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 | 49 | 63 | 45 | 90 | 67 | 25 | 90 | 57 | 41 | 28 | 29 |
| Days Payable | 15 | 31 | 44 | 42 | 35 | 47 | 42 | 58 | 33 | 31 | 46 | 40 |
| 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 % | — | 6% | 8% | 9% | 11% | 6% | 9% | 2% | 16% | 7% | 8% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view National Fertilizer insights
63 extracted metrics across FY12–FY27.
Documents
- 26 May 2026
- 26 Mar 2026
- 26 Mar 2026
- 2 May 2025
- 27 Mar 2025
- General announcements 12 Oct 2026
Frequently Asked Questions about National Fertilizer
What does National Fertilizer Ltd do?
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.
Where is National Fertilizer Ltd (NFL) listed?
National Fertilizer Ltd trades as NFL on the NSE and under code 523630 on the BSE.
Which sector does National Fertilizer Ltd belong to?
National Fertilizer Ltd is classified under the Chemicals sector, in the Fertilizers industry.
What is the PE ratio of National Fertilizer Ltd?
National Fertilizer Ltd trades at a PE ratio of 8.26 as of 4 Nov 2026, on earnings per share of ₹7.43, against a book value of ₹57.91 per share.
What is the 52-week high and low of National Fertilizer Ltd?
Over the last 52 weeks National Fertilizer Ltd has traded between ₹56.01 and ₹95.45 as of 4 Nov 2026.
Does National Fertilizer Ltd pay dividends?
National Fertilizer Ltd has a dividend yield of 1.74%.
What is the Return on Equity (ROE) of National Fertilizer Ltd?
National Fertilizer Ltd reported a return on equity of 7.47%. Its debt-to-equity ratio is 1.40.
Company Information
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.
Website nationalfertilizers.com
CEO Dr. U. Saravanan
Employees 2,511
Listed 28 Dec 2006
Face Value ₹10
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