NFLChemicals

National Fertilizers Limited

Fertilizers · ISIN INE870D01012 · BSE 523630 · NSE EQ · FV ₹10
Last price
₹67
+0.83%today
What this company does

National Fertilizers Limited operates in Fertilizers, part of the Chemicals sector. It booked ₹4,500 cr of revenue in its latest quarter (Q1 FY27) and kept 2.5% of sales as profit. It is the 7th largest of 9 Fertilizers companies we track, by market value.

In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 35–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
29

At close. Not part of the score.

Profitability & returns43

How much profit it earns on the money it employs

Balance sheet9

How much it owes, and whether earnings cover the interest

Cash quality19

Whether reported profit actually arrives as cash

Growth & consistency24

Whether sales and profit have grown, and how steadily

Valuation91

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 27% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 16% return on equity
Watch-outs
! Thin 2.5% net margin
! Carries high debt (D/E 1.4)
! Operating cash flow is negative

What if I invest in NFL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹67 +0.83%
latest close · 2026-09-17
1-year return
+27.6%
52-wk low ₹3852-wk high ₹75
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio7.2Low
LowAverageHigh
P/B ratio1.15Moderate
Below bookModerateHigh
EV / EBITDA6.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.0%Strong
WeakFairStrong ▸15%
Return on capital16.1%Strong
WeakFairStrong
Net margin2.5%Thin
ThinDecentStrong
EBITDA margin6.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.39High
LowModerateHigh ▸1
Interest cover2.2×Okay
RiskyOkayStrong ▸5×
Current ratio1.01Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹3,279 cr
Book value
₹58
EPS
₹2.31
latest quarter
Net debt
₹3,904 cr
owes more than its cash
Enterprise value
₹7,183 cr
EBITDA
₹1,113 cr
annualised
EBIT
₹699 cr
annualised
Operating margin
3.9%
Return on assets
3.9%
Earnings yield
13.82%
P/S
0.18
Sales / share
₹366.9
Tax rate
25.6%
Face value
₹10
Shares
49.1 cr
Working capital
₹69 cr
Current assets
₹7,449 cr
Current liabilities
₹7,380 cr
Delivery %
43.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹29₹40, midpoint ₹34

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,500 cr
Other Income₹11 cr
Total Income₹4,512 cr
Cost of Materials₹2,123 cr
Purchases of Stock-in-Trade₹494 cr
Inventory Change (±)₹-343 cr
Employee Benefit Expense₹166 cr
Finance Costs₹79 cr
Depreciation & Amortisation₹104 cr
Other Expenses₹1,793 cr
Total Expenses₹4,416 cr
Profit before Tax₹95 cr
Tax Expense₹24 cr
Share of JV / Associates₹42 cr
Net Profit₹113 cr
Net margin on total income2.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,274 cr49.9%
Employee benefit expense₹166 cr3.6%
Finance costs₹79 cr1.7%
Depreciation & amortisation₹104 cr2.3%
Other expenses₹1,793 cr39.4%
Tax expense₹24 cr0.5%
Profit for the period₹113 cr2.5%
Total income ₹4,512 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue6,870 cr4,347 cr4,500 cr
Total income6,887 cr4,359 cr4,512 cr
Expenses6,756 cr4,203 cr4,416 cr
Profit before tax131 cr157 cr95 cr
Tax37 cr38 cr24 cr
Net profit (owners' share)135 cr152 cr113 cr
Net margin (owners' share, on revenue)2.0%3.5%2.5%
EPS (₹)2.763.092.31
YoY (latest quarter): total income +27.3% · net profit
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹11,724 cr
Shareholder equity
₹2,841 cr
parent shareholders
Total debt
₹3,959 cr
Cash
₹55 cr
Cash flow · H1 FY26
Operating
₹-2,315 cr
Investing
₹-89 cr
Financing
₹2,441 cr
Peer comparison
Fertilizers · by market value
CompanyPriceMarket capP/E
Coromandel International Limited₹1,930₹56,929 cr37.3
Fertilizers and Chemicals Travancore Limited₹760₹49,164 cr
Chambal Fertilizers & Chemicals Limited₹414₹16,583 cr7.9
Paradeep Phosphates Limited₹154₹15,968 cr10.2
Gujarat State Fertilizers & Chemicals Limited₹152₹6,068 cr9.6
Rashtriya Chemicals and Fertilizers Limited₹110₹6,060 cr20.6
National Fertilizers Limitedthis company₹67₹3,279 cr7.2
Southern Petrochemicals Industries Corporation Limited₹67₹1,363 cr5.7
Madras Fertilizers Limited₹61₹985 cr7.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.89%
trailing 12 months
Dividend / share (TTM)
₹2.6
Last dividend
₹1.04
ex 11 Sep 2026
ActionDetailEx-date
Dividend₹1.04 / share11 Sep 2026
Dividend₹1.56 / share22 Sep 2025
Dividend₹0.27 / share20 Sep 2024
Dividend₹1.26 / share22 Sep 2023
Dividend₹1.53 / share9 Jun 2023
Dividend₹0.95 / share19 Mar 2020
Who owns it · 2026-06-30
No pledge
Promoter
74.7%
FII / Foreign
0.6%
DII / Domestic
4.9%
Retail / others
19.8%
Smart-money activity
Insider trades
SoldPresident of India · Promoters1.47 cr · ₹14.7 cr27 Jul 17
SoldPresident of India · Promoters5.89 cr · ₹58.9 cr26 Jul 17
Bulk / block deals
short · NSE16 Jan 26
short · NSE226 Nov 25
short · NSE16 Nov 25
Stake changes
SoldLife Insurance Corporation of India→ 5.20% · 1.01 cr17 Jan 25
SoldLife Insurance Corporation of India→ 7.25% · 99.00 L6 Oct 23
SoldLife Insurance Corporation of India→ 9.27% · 1.00 cr10 Aug 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Financial Statements including Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Board's Report and the Auditors' Report thereon and comments of the Comptroller & Auditor General of India, in terms of Section 143(6) of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 50%
2.55 cr votes for, 4,048 against · 0% of mutual funds and other big investors said no
2
To declare final dividend of ₹ 1.56 per equity share for the financial year ended March 31, 2025.
Backed by 100% of shareholders other than promotersneeded 50%
2.55 cr votes for, 2,316 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Dr. U. Saravanan (DIN: 07274628), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 98% of shareholders other than promotersneeded 50%
2.50 cr votes for, 5.10 L against · 2% of mutual funds and other big investors said no
4
To appoint a Director in place of Shri Hira Nand (DIN: 09476034), who retires by rotation at this Annual General Meeting and being eligible, offers himself for re-appointment.
Backed by 89% of shareholders other than promotersneeded 50%
2.27 cr votes for, 27.82 L against · 11% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 74.7% between them · as of 2026-06-30
President of India74.71%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.