National Fertilizer
National Fertilizer Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for National Fertilizer Ltd, framed against the sector median so the premium or discount is obvious at a glance.
National Fertilizer Ltd trades at a P/E of 17.43× and P/B of 1.29×.
Valuation
Profitability
Growth
Financial Health
National Fertilizer Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for National Fertilizer Ltd, switchable between annual and quarterly views, consolidated or standalone.
National Fertilizer Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹3,728.4 Cr and reported EPS of ₹4.31.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 8,928 | 12,245 | 13,135 | 11,906 | 15,857 | 29,617 | 23,560 | 19,795 | 21,514 |
| Other Income | 96 | 56 | 57 | 33 | 34 | 193 | 99 | 95 | 54 |
| Total Income | 9,025 | 12,301 | 13,192 | 11,939 | 15,891 | 29,809 | 23,660 | 19,890 | 21,568 |
| Cost of Goods Sold (COGS) | 4,431 | 6,684 | 7,253 | 6,578 | 9,425 | 19,859 | 15,977 | 12,359 | 13,804 |
| Gross Profit | 4,497 | 5,561 | 5,882 | 5,328 | 6,432 | 9,757 | 7,584 | 7,435 | 7,710 |
| +Operating Expenses | 3,996 | 4,736 | 5,023 | 4,415 | 5,854 | 8,686 | 6,966 | 6,827 | 6,876 |
| EBITDA | 502 | 825 | 860 | 914 | 578 | 1,072 | 618 | 608 | 834 |
| +Non-Operating Expenses | 263 | 418 | 391 | 604 | 468 | 654 | 629 | 599 | 655 |
| Profit Before Tax (PBT) | 335 | 463 | -253 | 343 | 145 | 610 | 89 | 104 | 233 |
| +Tax Expense | 122 | 165 | -82 | 94 | 37 | 154 | 24 | 28 | 63 |
| Profit After Tax (PAT) | 213 | 295 | -181 | 237 | -95 | 458 | 150 | 184 | 211 |
| Earnings Per Share (EPS) | 4.34 | 6.01 | -3.69 | 4.83 | -1.94 | 9.34 | 3.06 | 3.75 | 4.31 |
| Diluted Shares Outstanding (Nos.) | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 | 49 |
| +Additional Disclosures | 13,119 | 18,516 | 20,274 | 18,161 | 24,971 | 49,065 | 39,633 | 32,252 | 35,171 |
| Sales Growth % | — | 37.15 | 7.27 | -9.36 | 33.19 | 86.77 | -20.45 | -15.98 | 8.69 |
| YoY Sales Growth % | — | 37.15 | 7.27 | -9.36 | 33.19 | 86.77 | -20.45 | -15.98 | 8.69 |
| Material Cost % | 38 | 39 | 35 | 31 | 39 | 36 | 32 | 37 | 32 |
| Employee Cost % | 8 | 5 | 5 | 5 | 4 | 2 | 3 | 3 | 3 |
| Other Cost % | 37 | 34 | 34 | 32 | 33 | 27 | 27 | 31 | 29 |
| OPM % | 6 | 7 | 7 | 8 | 4 | 4 | 3 | 3 | 4 |
| Tax % | 36 | 36 | 32 | 27 | 25 | 25 | 27 | 27 | 27 |
| Profit Growth % | — | 38.69 | -161.36 | 230.94 | -140.08 | 582.40 | -67.26 | 22.61 | 14.95 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 428 | 724 | 485 | 601 | 243 | 719 | 256 | 235 | 428 |
National Fertilizer segment analysis: revenue and profit mix.
Disclosed business segments at National Fertilizer with their share of revenue and profit, switchable between consolidated and standalone reporting.
National Fertilizer discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
National Fertilizer Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy National Fertilizer Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
National Fertilizer Ltd's investment case rests on 8 positive markers and 11 flagged concerns drawn from the latest reported filings.
What you're getting.
NFL has a strong promoter holding of 74.7%, signaling high insider confidence and reduced takeover risk. This substantial stake suggests a long-term commitment to the company's stability and success.
NFL offers a decent dividend yield of 1.63%, providing consistent returns to shareholders. This commitment to profit distribution can attract income-focused investors seeking regular payouts.
Operating in the Fertilizers industry, NFL benefits from a sector vital to agriculture and generally recession-resistant. This inherent stability offers protection against broader economic downturns.
NFL's Price-to-Book Value ratio of 1.72 suggests the stock is reasonably valued against its net asset value. This could indicate a potential buying opportunity for investors seeking value.
Favorable government policies and subsidies for agriculture, including fertilizer use, could boost demand and improve NFL's profitability, driving future revenue growth and market expansion.
What can break it.
NFL reported a significant quarterly PAT loss of -39.4 Cr, a sharp -354.00% decline. This substantial negative growth raises serious concerns about the company's operational efficiency and profitability.
Quarterly sales for NFL decreased by -30.60% to 3534 Cr, showing a significant revenue contraction. This trend suggests weakening market demand or competitive pressures affecting top-line growth.
NFL's high P/E ratio of 30.40 makes the stock appear expensive relative to current earnings, especially with recent profit declines. This valuation may not be justified by its financial performance.
NFL's ROE at 6.49% and ROCE at 7.57% are modest, indicating inefficient capital utilization and weak profitability. These figures are below industry benchmarks, signaling performance concerns.
A debt-to-equity ratio of 0.74 indicates notable financial leverage. While not extreme, it adds to financial risk, especially considering NFL's recent declines in profitability and sales.
What would change my mind.
Trim if P/E re-rates above 23. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 140.02. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
National Fertilizer Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — National Fertilizer Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
National Fertilizer Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for National Fertilizer Ltd — derived from the live tape, not yesterday's close.
National Fertilizer Ltd last traded at ₹75.68 with an intraday range of ₹75.27–₹77.44 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹75.68| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 81.33 | +5.65 | +7.47% |
| R3 | 79.16 | +3.48 | +4.60% |
| R2 | 78.30 | +2.62 | +3.46% |
| R1 | 76.99 | +1.31 | +1.73% |
| PIVOT | 76.13 | 0.45 | 0.59% |
| CURRENT | 75.68 | — | — |
| S1 | 70.48 | -5.20 | -6.87% |
| S2 | 72.65 | -3.03 | -4.00% |
| S3 | 73.96 | -1.72 | -2.27% |
| S4 | 74.82 | -0.86 | -1.14% |
NFL is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 75.92 ~ 77.44
Trading Above opening range, showing Bullishness
National Fertilizer Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for National Fertilizer Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in National Fertilizer Ltd stood at 43.3% of traded volume, against a 20-day average of 39.1%.
National Fertilizer announcements: results, concalls, ratings, M&A.
Filings National Fertilizer sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
National Fertilizer files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 103 documents below.
Copy of Newspaper Publication
Newspaper clippings of the Publication of Audited Financial Results for the quarter and year ended 31st March, 2026.
Trading Window
National Fertilizers Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)…
Change in Director(s)
National Fertilizers Limited has informed the Exchange regarding Change in Director(s) of the company.
Cessation
National Fertilizers Limited has informed the Exchange regarding Cessation of Shri Rabi Ranjan Sen as Non- Executive Independent Director of the…
Appointment
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015, we are pleased to…
Investor decks & rating reports.
National Fertilizer dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue National Fertilizer has declared, sequenced by announce and record date.
National Fertilizer corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About National Fertilizer Ltd: business, sector, key facts.
What National Fertilizer Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
National Fertilizer Ltd operates in the Basic Materials, listed as NSE: NFL, BSE: 523630.
National Fertilizers Limited (NFL) is an Indian company primarily involved in the production and marketing of fertilizers and related agricultural products. Their core business focuses on enhancing soil fertility and crop yields through a diverse range of offerings.
A significant portion of NFL's business centers around the manufacturing and sale of fertilizers. This includes neem-coated urea, a slow-release fertilizer that improves nitrogen utilization efficiency and reduces environmental impact. They also produce and market various bio-fertilizers, such as rhizobium, azectobactor, PSB, and zinc solubilizing bacteria, which help improve soil health and nutrient availability for plants.
Beyond fertilizers, NFL also manufactures and sells industrial chemicals. These include ammonia, nitric acid, ammonium nitrate, and sodium nitrite and nitrate, primarily used in the agricultural sector but potentially with applications in other industries. These products are marketed under the "KISAN" brand, emphasizing their agricultural focus.
In addition to direct manufacturing, NFL engages in trading activities. This includes importing and domestically trading various fertilizers, compost, agrochemicals, and seeds. This diversification allows them to offer a comprehensive range of agricultural inputs to farmers, catering to diverse needs and preferences. They also market certified seeds under the "Kisan Beej" brand.
NFL's operations are segmented into Manufactured Fertilizers, Manufactured Chemicals, Traded Imported Fertilizers, and Others, reflecting the breadth of their activities. The company's long history, dating back to its incorporation in 1974, demonstrates its established presence and contribution to the Indian agricultural landscape.
Questions investors ask about National Fertilizer Ltd (NFL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of National Fertilizer Ltd (NFL)?
The current share price of National Fertilizer Ltd (NFL) is ₹75.68. Today, the stock has gained by ₹0.64 (0.85%), trading in a range of ₹75.27 to ₹77.44. The stock opened at ₹77 with a trading volume of 15,69,939 shares.
02Is National Fertilizer Ltd stock a good investment for long-term?
National Fertilizer Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹3,728.4 crores, P/E ratio of 17.43, ROE of 7.61%, and ROCE of 7.57%. The dividend yield stands at 2.08%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of National Fertilizer Ltd stock?
The 52-week high price of National Fertilizer Ltd (NFL) is ₹104.36, while the 52-week low is ₹63.35. Currently trading at ₹75.68, the stock is 30.1% away from its 52-week low and 27.5% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy National Fertilizer Ltd stock at the current price?
Whether to buy National Fertilizer Ltd stock at ₹75.68 depends on multiple factors. The stock is currently trading with a P/E ratio of 17.43 and P/B ratio of 1.29. Today's performance shows a gain of 0.85%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of National Fertilizer Ltd and when is the next dividend?
National Fertilizer Ltd offers a dividend yield of 2.08%, which means for every ₹100 invested at the current price of ₹75.68, you can expect to receive approximately ₹2.08 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of National Fertilizer Ltd?
National Fertilizer Ltd's key financial metrics include: P/E Ratio: 17.43, P/B Ratio: 1.29, ROE: 7.61%, ROCE: 7.57%, Dividend Yield: 2.08%, EPS: ₹4.31, Book Value: ₹58.15, and Debt-to-Equity: 139.52. The company's market cap stands at ₹3,728.4 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is National Fertilizer Ltd stock performing today in the market?
National Fertilizer Ltd stock opened at ₹77 and is currently trading at ₹75.68, showing a gain of ₹0.64 (0.85%). The intraday high is ₹77.44 and low is ₹75.27. The trading volume stands at 15,69,939 shares, indicating strong market participation today.
08What is the P/E ratio of National Fertilizer Ltd and what does it indicate?
National Fertilizer Ltd has a Price-to-Earnings (P/E) ratio of 17.43, which means investors are willing to pay ₹17.43 for every ₹1 of earnings. With an EPS of ₹4.31, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about National Fertilizer Ltd (NFL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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