National Fertilizer
NFL NSE
National Fertilizer
ChemicalsNSE: NFL BSE: 523630 Fertilizers
Key Fundamentals
MicrocapFertilizersChemicalsMarket Cap
₹3,326 Cr
Volatility
Moderate
P/E Ratio
9.22
EBITDA
₹887 Cr
Return on Equity
7.44%
Debt to Equity
1.4
Book Value
₹57.91
EPS
₹3.06
52W High
₹101.4
52W Low
₹63.35
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Stock is trading at 1.18 times its book value
- Company has been maintaining a healthy dividend payout of 24.8%
Weaknesses
2- Company has a low return on equity of 6.49% over last 3 years.
- Debtor days have increased from 71.6 to 91.8 days.
Growth Rate
Revenue Growth
8.44% higher than
3Y
Net Income Growth
14.95% higher than
3Y
Cash Flow Change
-152% higher than
3Y
ROE
9.9% higher than
3Y
ROCE
21.33% higher than
3Y
EBITDA Margin (Avg.)
16.43% lower than
3Y
Quarterly Results
| 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 in Rs | -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
| 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 in Rs | 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% | -26% | 0% | 0% | 30% | 9% | 42% | 24% | — |
Balance Sheet
| 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
| 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 + investor summaries across FY11–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Cessation
5 May - Two independent directors, Jyoti Bhramar Tubid and Rabi Ranjan Sen, ceased on 05.05.2026. 5 May - Two independent directors, Jyoti Bhramar Tubid and Rabi Ranjan Sen, ceased on 05.05.2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
17 Apr - Newspaper clippings related with Special Window for Transfer and Dematerialisation of Physical Securities. 17 Apr - Newspaper clippings related with Special Window for Transfer and Dematerialisation of Physical Securities.
3
Announcement under Regulation 30 (LODR)-Cessation
17 Apr - Shri Kuntal Sensarma appointed Additional Government Nominee Director from 17.04.2026 for three years. 17 Apr - Shri Kuntal Sensarma appointed Additional Government Nominee Director from 17.04.2026 for three years.
4
Announcement under Regulation 30 (LODR)-Change in Management
17 Apr - Shri Kuntal Sensarma appointed Government Nominee Director from 17 April 2026 for three years. 17 Apr - Shri Kuntal Sensarma appointed Government Nominee Director from 17 April 2026 for three years.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under regulation 74 (5) of SEBI (Depositories & Participant) Regulations, 2018 for the quarter ended 31st March, 2026. 8 Apr - Certificate under regulation 74 (5) of SEBI (Depositories & Participant) Regulations, 2018 for the quarter ended 31st March, 2026.
3
Addendum To 52Nd Annual Report - Comments Of Comptroller & Auditor General Of India (C&AG). 7 Sept 2026
General_Announcements
4
Addendum To 52Nd Annual Report - Comments Of Comptroller & Auditor General Of India (C&AG). 7 Sept 2026
General_Announcements
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. [1]
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 market capitalisation of National Fertilizer Ltd?
National Fertilizer Ltd has a market capitalisation of ₹3,326 Cr, which places it in the Small Cap band.
What is the PE ratio of National Fertilizer Ltd?
National Fertilizer Ltd trades at a PE ratio of 9.22, on earnings per share of ₹3.06, 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 ₹63.35 and ₹101.4.
Does National Fertilizer Ltd pay dividends?
National Fertilizer Ltd has a dividend yield of 1.52%.
What is the Return on Equity (ROE) of National Fertilizer Ltd?
National Fertilizer Ltd reported a return on equity of 7.44%. 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. [1]
Website nationalfertilizers.com
CEO Dr. U. Saravanan
Employees 2,511
Listed 2006-12-28
Face Value ₹ 10
Issued Size 49,05,78,400
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