National Fertilizer Ltd (NFL) share price, results, shareholding

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore

	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	5,660	7,584	5,284	5,092	4,390	5,856	4,457	3,534	6,763	6,870	4,347	4,500
Expenses	5,714	7,266	4,905	4,985	4,265	5,710	4,222	3,453	6,660	6,574	4,026	4,234
Operating Profit	-55	318	379	107	125	146	234	81	103	296	321	267
OPM %	-1.0%	4.2%	7%	2.1%	2.9%	2.5%	5%	2.3%	1.5%	4.3%	7%	6%
Other Income	58	25	55	53	37	47	62	9	15	59	46	54
Interest	39	50	74	90	60	41	35	46	55	72	77	79
Depreciation	90	92	92	91	93	94	95	96	99	110	100	104
Profit before tax	-127	201	268	-21	9	57	167	-52	-36	172	190	138
Tax %	-31%	25%	23%	-59%	-35%	19%	19%	-24%	-0%	22%	20%	18%
Net Profit	-87	151	208	-9	12	46	135	-39	-36	135	152	113
EPS in Rs	-1.78	3.08	4.23	-0.18	0.25	0.93	2.75	-0.80	-0.73	2.76	3.09	2.31

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	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	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	560	559	539	1,012	852	904	388	1,077	617	615	837	986
OPM %	7%	7%	6%	8%	6%	8%	2.4%	3.6%	2.6%	3.1%	3.9%	4.4%
Other Income	45	45	62	52	-331	33	26	195	196	203	96	174
Interest	231	193	192	320	409	294	137	308	277	233	253	282
Depreciation	87	85	73	285	374	312	335	353	362	373	405	413
Profit before tax	287	325	335	459	-263	331	-58	612	174	212	275	464
Tax %	31%	36%	36%	36%	-31%	28%	63%	25%	14%	13%	23%
Net Profit	197	208	213	294	-181	237	-95	458	150	184	211	364
EPS in Rs	4.02	4.24	4.34	5.99	-3.69	4.83	-1.94	9.34	3.06	3.75	4.31	7.43
Dividend Payout %	30%	0%	0%	31%	-26%	0%	0%	30%	9%	42%	24%

	10 Years	5 Years	3 Years	TTM	1 Year	Last Year
Compounded Sales Growth	11%	13%	-10%	23%
Compounded Profit Growth	1%	-3%	-23%	138%
Stock Price CAGR	7%	2%	-4%		-30%
Return on Equity	9%	7%	6%			7%

	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

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	304	1,848	2,453	1,661	-2,703	-319	7,021	-1,029	-333	668	2,593	-1,342
Cash from Investing Activity	-89	-87	-201	-346	-310	-810	-497	-129	-206	-334	-270	-263
Cash from Financing Activity	-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%

	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%

	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	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%
FIIs	0.39%	1.10%	0.48%	0.41%	0.41%	0.42%	0.60%	0.49%	0.91%	1.06%	0.70%	0.54%
DIIs	9.90%	8.51%	8.38%	7.47%	7.27%	7.28%	6.83%	6.21%	5.99%	5.91%	5.53%	4.92%
Public	15.00%	15.68%	16.43%	17.39%	17.60%	17.58%	17.85%	18.58%	18.39%	18.31%	19.05%	19.81%
No. of Shareholders	1,34,946	1,57,919	2,34,201	2,59,888	3,15,448	3,07,998	3,10,563	3,10,847	2,99,076	2,89,521	2,87,339	2,84,253

Fundamentals

Market Cap₹ 3,185 Cr.

Current Price₹ 64.8

Stock P/E8.74

Book Value₹ 57.9

ROCE9.10 %

ROE7.47 %

Dividend Yield1.61 %

Face Value₹ 10.0

Compounded Sales Growth (TTM)23%

Compounded Profit Growth (TTM)138%

Consolidated figures.

Valuation

Market capRs 3,132 Cr

Enterprise valueRs 7,037 Cr

P/E (TTM)8.60x

Price to book1.10x

Price to sales0.14x

EV / EBITDA6.07x

EV / EBIT9.42x

EV / sales0.31x

Earnings yield11.63%

Dividend yield1.63%

P/E, 3-year average21.68x

P/B, 3-year average1.42x

P/E, 5-year average18.20x

P/B, 5-year average1.38x

Profitability

Operating margin (excl. other income)3.89%

Operating margin (incl. other income)4.33%

EBITDA margin5.16%

Pre-tax margin2.07%

Net profit margin1.62%

Net margin, latest quarter2.52%

ROE7.61%

ROCE9.15%

ROA2.01%

ROE, 3-year average6.84%

ROCE, 3-year average7.95%

ROA, 3-year average1.69%

ROE, 5-year average7.17%

ROCE, 5-year average8.23%

ROA, 5-year average1.61%

ROIC (approx.)8.53%

Tax rate22.96%

Other income / net worth3.36%

Growth

Sales growth (latest year)8.69%

Profit growth (latest year)14.95%

Sales CAGR, 3 years-10.07%

Sales CAGR, 5 years12.57%

Profit CAGR, 3 years-22.73%

Profit CAGR, 5 years-2.26%

Sales growth QoQ3.52%

Profit growth QoQ-25.18%

Sales growth YoY (latest quarter)27.34%

Per share

EPS (TTM)Rs 7.43

EPS (latest year)Rs 4.31

EPS (latest quarter)Rs 2.31

EPS, 3-year averageRs 3.71

EPS, 5-year averageRs 3.70

Book value per shareRs 57.91

Sales per shareRs 458.24

Cash flow per shareRs -27.35

Free cash flow per shareRs -31.88

Dividend per share (latest year)Rs 1.04

Dividend per share, 3-year averageRs 0.96

Dividend per share, 5-year averageRs 1.42

Dividends

Dividend payout24.12%

Dividend payout, 3-year average24.85%

Dividend payout, 5-year average26.10%

Efficiency

Asset turnover1.83x

Fixed asset turnover6.09x

Inventory turnover17.21x

Inventory days21 days

Debtor days92 days

Debtors turnover3.98x

Creditor days40 days

Cash conversion cycle81 days

Working capital days0 days

Leverage

Total debtRs 3,964 Cr

Cash and bankRs 59 Cr

Net debtRs 3,905 Cr

Debt to equity1.40x

Net debt / EBITDA3.37x

Interest coverage2.64x

Current ratio (filing 2026-03-31)1.01x

Quick ratio (filing 2026-03-31)0.86x

Trade payables (filing 2026-03-31)Rs 1,479 Cr

Owners' fund to total sources24.22%

Debt to assets33.80%

Cash flow

Cash from Operating Activity (latest year)Rs -1,342 Cr

Cash from Investing Activity (latest year)Rs -263 Cr

Cash from Financing Activity (latest year)Rs 1,643 Cr

Net Cash Flow (latest year)Rs 37 Cr

Free cash flow (latest year)Rs -1,564 Cr

FCFE (approx.: FCF + change in debt)Rs 399 Cr

Cash from ops / profit, 5 years0.61x

Statement figures

Net sales (TTM)Rs 22,480 Cr

Net sales (latest year)Rs 21,519 Cr

Sales (latest quarter)Rs 4,500 Cr

Operating profit excl. other income (latest year)Rs 837 Cr

Operating profit (latest quarter)Rs 267 Cr

Other income (TTM)Rs 174 Cr

EBITDA (TTM)Rs 1,160 Cr

PBDT (TTM)Rs 877 Cr

Profit before tax (TTM)Rs 464 Cr

Tax (latest year)Rs 63 Cr

Net profit (TTM)Rs 364 Cr

Net profit (latest year)Rs 211 Cr

Net profit (latest quarter)Rs 113 Cr

Depreciation (TTM)Rs 413 Cr

Depreciation (latest quarter)Rs 104 Cr

Interest (TTM)Rs 282 Cr

Cost of goods sold (latest year)Rs 18,738 Cr

Total expenditure (latest year)Rs 20,682 Cr

Total income (latest year)Rs 21,614 Cr

Share capitalRs 491 Cr

ReservesRs 2,350 Cr

Shareholders' fundsRs 2,841 Cr

Total assetsRs 11,728 Cr

Net blockRs 3,534 Cr

Capital work in progressRs 161 Cr

InvestmentsRs 496 Cr

ReceivablesRs 5,411 Cr

InventoryRs 1,089 Cr

Other liabilitiesRs 4,923 Cr

Shares outstanding (crore)49.06

Ownership

Promoter holding74.71% (+0.00 in a year)

Computed by MarketFriction from the consolidated statements. Returns use average balances.

P/E 8.6 is at the 28th percentile of its own 7.4-year range (median 11.3, low 3.1, high 48.3).

P/B 1.10 is at the 28th percentile (median 1.37).

Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.

Period	NFL	Nifty 50	Difference
1 week	-4.3%	-2.8%	-1.5 pts
1 month	-9.5%	-6.8%	-2.7 pts
3 months	-15.6%	-7.6%	-8.0 pts
6 months	-1.0%	+0.4%	-1.4 pts
1 year	-33.0%	-9.9%	-23.0 pts
2 years	-50.1%	-13.6%	-36.6 pts
3 years	-12.4%	+14.2%	-26.6 pts
5 years	+9.3%	+27.9%	-18.6 pts

6 mutual fund schemes hold about ₹2 Cr. Over three months 0 bought more and 0 sold (share counts, price move removed).

Fund	Weight	Est. Cr	3m shares
Motilal Oswal Nifty Microcap 250 Index Fund	0.09%	2	+5%
Groww Nifty Total Market Index Fund	0.00%	0
Angel One Nifty Total Market Index Fund	0.00%	0
Mirae Asset Nifty Total Market Index Fund	0.00%	0
Bandhan Nifty Total Market Index Fund	0.00%	0
Motilal Oswal BSE 1000 Index Fund	0.00%	0

Red flags

F-score 3 of 8

explain	High accruals Profit exceeded operating cash by 13% of total assets in 2026
explain	Receivables outrunning sales Receivables grew 65% vs sales +9% in 2026
look	Auditor change Auditor change 2026-09-10: National Fertilizers Limited has informed the Exchange regarding Change in Auditors of the company.

Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026

Sales ₹4,500 Cr +27.3% vs Jun 2025. Net profit ₹113 Cr +389.7%.

Activity

Compare

Company	Mcap (Cr)	P/E	ROCE
Coromandel International Ltd	52,894	28.3	22.0 %
Fertilizers & Chemicals Travancore Ltd	48,996		4.02 %
Chambal Fertilisers & Chemicals Ltd	16,569	8.59	25.2 %
Paradeep Phosphates Ltd	16,002	14.7	15.4 %
Madhya Bharat Agro Products Ltd	7,310	47.2	19.3 %
Gujarat State Fertilizers & Chemicals Ltd	6,043	8.72	7.16 %
Rashtriya Chemicals & Fertilizers Ltd	5,964	14.3	10.4 %
Krishana Phoschem Ltd	5,725	29.1	27.2 %
Southern Petrochemicals Industries Corporation Ltd	1,290	6.29	16.8 %
Madras Fertilizers Ltd	939	12.0	14.8 %
Zuari Agro Chemicals Ltd	934	3.02	16.4 %
Aries Agro Ltd	614	12.8	20.5 %
Khaitan Chemicals & Fertilizers Ltd	482	8.27	18.5 %
Rama Phosphates Ltd	425	7.92	15.4 %
Balaji Phosphates Ltd	251	24.6	15.2 %

No bulk or block deals on record.

Ex-date	Action	Factor
2026-09-11	Dividend - Rs 1.04 Per Share
2025-09-22	Dividend - Rs 1.56 Per Share
2024-09-20	Annual General Meeting/Dividend - Rs 0.27 Per Share
2023-09-22	Dividend - Rs 1.26 Per Share
2023-06-09	Interim Dividend - Rs 1.53 Per Share
2022-09-21	Annual General Meeting
2021-09-21	Annual General Meeting
2020-12-09	Annual General Meeting
2020-03-19	Interim Dividend - Rs 0.95 Per Share
2019-09-09	Annual General Meeting/Dividend - Rs 0.77 Per Share
2019-02-13	Interim Dividend - Rs 1.09 Per Share
2018-09-18	Annual General Meeting
2017-09-19	Annual General Meeting- Re 0.85 Per Share (Purpose Revised)
2016-09-19	Annual General Meeting/Dividend - Rs 1.21 Per Share
2015-09-15	Annual General Meeting/ Dividend - Re 0.17/- Per Share
2014-07-30	Annual General Meeting / E-Voting
2013-09-04	Annual General Meeting
2011-08-29	Annual General Meeting And Dividend Re.0.85 Per Share
2010-08-30	Annual General Meeting And Dividend Rs.1.05 Per Share
2009-08-28	Agm/Div-Re.0.60 Per Share
2008-09-05	Agm/Dividend - 6.64%
2007-09-11	Agm/Dividend-10.77%

Date	Type	What it says
2026-10-01	Shareholder meeting	With copy of minutes of Annual General Meeting held on September 22, 2026
2026-09-25	Updates	Comments of Board for Dissemination on Notice for Non-Compliance of Regulation 17(1), 18(1) and 19(1) of SEBI (LODR) Regulations, 2015 (Listing Regula...
2026-09-23	Shareholder meeting	Voting results.
2026-09-22	Shareholder meeting	Proceedings of Annual General Meeting held on September 22, 2026
2026-09-10	Change in Auditors	Change in Auditors of the company.
2026-09-07	Updates	Addendum to 52nd Annual Report Comments of Comptroller & Auditor General of India (C&AG).
2026-09-07	Addendum	Addendum to 52nd Annual Report Comments of Comptroller & Auditor General of India (C&AG).
2026-09-01	Appointment	Changes in the Senior Management of National Fertilizers Limited (NFL).
2026-09-01	Retirement	Changes in the Senior Management of National Fertilizers Limited (NFL).
2026-08-26	Updates	Business Responsibility and Sustainability Report for the Financial Year 2025-26.
2026-08-26	Shareholder meeting	52nd Annual General Meeting Notice and Annual Report for Financial Year 2025-26.
2026-08-18	Updates	Cut-off date (Corrigendum) for e-voting 52nd Annual General Meeting..
2026-08-14	Appointment	Changes in the Composition of Board of Directors of National Fertilizers Limited (NFL).
2026-08-12	Updates	(iii) Intimation of AGM Date..
2026-08-12	Record Date	Record date for the purpose of Dividend is 14-Sep-2026.
2026-08-12	Dividend	Board of Directors at its meeting held on August 12, 2026, Recommendation of Final Dividend for the Financial Year 2025-26.
2026-08-12	Board meeting outcome	National Fertilizers Limited has submitted to the Exchange, the Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th ...
2026-07-20	Updates	Comments of Board for Dissemination on Notice for Non-Compliance of Regulation 17(1) of SEBI (LODR) Regulations, 2015 (Listing Regulations).
2026-06-15	General Updates	Newspaper clippings related with Special Window for Transfer and Dematerialisation of Physical Securities.
2026-05-27	Appointment	Appointment of Mr Arvind Kumar as Chief Financial Officer of the company w.e.f. May 27, 2026.
2026-05-27	Board meeting outcome	National Fertilizers Limited has submitted to the Exchange, the Audited financial results for the period ended March 31, 2026.
2026-05-26	Credit Rating	Credit Rating
2026-05-12	Director change	Change in Director(s) of the company.
2026-05-05	Cessation	Cessation of Shri Rabi Ranjan Sen as Non- Executive Independent Director of the company w.e.f. May 05, 2026.
2026-05-05	Cessation	Cessation of Shri Jyoti Bhramar Tubid as Non- Executive Independent Director of the company w.e.f. May 05, 2026.

Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.

No short selling reported to NSE in our files.

Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.

Order date	Forum	Case
2017-10-27	CESTAT	NATIONAL FERTILIZERS LTD ---VS.--- INDORE

Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.

Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of National Fertilizer Ltd?

National Fertilizer Ltd (NFL) has a market capitalisation of Rs 3,185 Cr. at the 2026-10-01 close.

What is the P/E ratio of National Fertilizer Ltd?

National Fertilizer Ltd trades at a P/E of 8.74 on trailing twelve-month profit, at the 2026-10-01 close.

What were National Fertilizer Ltd's latest quarterly results?

In the Jun 2026 quarter, National Fertilizer Ltd sales was Rs 4,500 Cr (+27.3% vs Jun 2025) and net profit was Rs 113 Cr.

What is the 52-week high and low of National Fertilizer Ltd?

The 52-week high is Rs 98.30 and the 52-week low is Rs 63.35.