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    Agricultural Inputs
National Fertilizers Limited

National Fertilizers Limited

NFL.NS
National Fertilizers LimitedIN flagNational Stock Exchange of India
74.69
INR
-0.94
- -
36.64BMarket Cap
National Fertilizers Limited
NFL.NS
(National Stock Exchange of India)

Recent

price

74.69

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
118.04
148.91
136.99
163.42
173.67
158.12
53.85
60.8
80.08
95.3
95.31
100.05
145.07
153.86
403.46
438.44
438.21
Revenue per Share
2.82
2.58
-3.48
-1.83
0.53
4.02
4.24
4.34
5.99
-3.69
4.83
-1.94
9.34
3.06
3.75
4.31
4.31
Basic EPS, GAAP
-19.06
-46.64
-50.39
-35.99
3.87
36.08
48.05
26.92
-60.62
-21.99
134.59
-27.04
-11.04
7.66
48.69
-31.99
- -
Free Cash Flow per Basic Share
1.22
0.99
0.91
- -
- -
0.2
1.46
1.02
1.31
2.07
- -
- -
- -
2.79
0.27
1.56
- -
Dividend per Share
27.71
28.62
25.14
23.2
24.06
27.51
30.31
33.56
38.22
31.94
36.79
34.89
44.99
45.07
48.54
10
9.99
Book Value per Share
34.07
35.74
32.07
29.76
30.21
34.04
36.96
40.35
44.98
38.73
43.81
41.81
50.98
51.15
54.38
57.09
57.06
Tangible Book Value per Share
491
491
491
491
491
491
491
491
491
491
491
491
491
491
491
491
491
Basic Weighted Avg Shares
57,910
73,053
67,202
80,170
85,197
77,572
26,419
29,827
39,286
46,750
46,755
49,081
71,168
75,481
197,945
215,142
215,142
Sales/Revenue/Turnover
1.62
2.91
-1.18
4.41
3.65
6.06
18.37
15.78
18.63
9.85
13.42
5.26
14.48
2.7
1.19
1.99
1.99
Operating Margin (%)
889
915
1,220
3,070
726
852
852
733
2,850
3,744
3,123
3,346
3,528
3,617
3,730
4,054
4,054
Depreciation Expense
1,385
1,267
-1,707
-897
262
1,970
2,079
2,128
2,940
-1,811
2,371
-951
4,583
1,500
1,840
2,115
2,115
Net Income, GAAP
32.08
31.2
- -
- -
41.32
31.31
35.95
36.46
35.94
- -
28.36
- -
25.11
13.68
13.14
22.96
22.96
Effective Tax Rate (%)
2.39
1.73
-2.54
-1.12
0.31
2.54
7.87
7.13
7.48
-3.87
5.07
-1.94
6.44
1.99
0.93
0.98
0.98
Profit Margin (%)
8,411
3,091
4,948
8,220
4,952
6,451
6,311
7,164
9,623
3,110
1,678
1,619
5,736
-1,432
324
688
688
Working Capital
1,912
16,008
30,874
26,318
17,851
9,860
1,724
1,146
2,796
6,000
6,489
6,305
5,352
14
34
22
22
LT Debt
16,722
17,544
15,837
14,940
15,086
16,892
18,248
19,856
22,104
19,022
21,728
20,797
25,326
25,453
27,158
28,410
28,410
Total Equity
2.99
4.16
- -
- -
2.11
3.8
4.52
5.45
6.85
- -
6.37
- -
13.18
2.69
3.61
5.72
5.72
Return on Invested Capital (%)
9.66
3.98
- -
- -
2.45
4.32
5
6.42
7.58
- -
6.64
- -
12.33
6.08
7.12
9.13
9.13
Return on Capital (%)
14.97
9.17
-12.95
-7.57
2.26
15.57
14.66
13.58
16.7
-10.52
14.06
-5.41
23.39
6.79
8.01
14.73
14.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
45,342
- -
39,615
LT Borrowings
- -
- -
- -
LT Finance Leases
29
- -
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
491
- -
491
Market Capitalization
45,239
44,921
31,676

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
89,885
- -
74,485
Cash, Cash Equivalents & STI
1,211
- -
1,604
Accounts Receivable, Net
50,414
- -
54,112
Inventories
30,103
- -
10,851
Total Current Liabilities
91,180
- -
73,797
Payables & Accruals
- -
- -
- -
ST Debt
45,342
- -
39,615
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.77%
5.86%
4.61%
Free Cash Flow
-109.02%
4.31%
-165.71%
Net Income, GAAP
-109.82%
-150.33%
14.95%
Sales/Revenue/Turnover
22.46%
45.39%
8.69%
Total Cash Common Dividend
- -
- -
477.58%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50,364
56,554
75,843
-107,407
75,481
2025
50,918
43,904
58,558
44,565
197,945
2026
35,342
67,631
68,698
43,472
215,142

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.48
-1.78
3.08
- -
3.06
2025
-0.18
0.25
0.93
2.75
3.75
2026
-0.8
-0.73
2.76
3.09
4.31

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.79
2025
- -
- -
- -
- -
0.27
2026
- -
- -
- -
- -
1.56
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Business
National Fertilizers Limited operates extensively across India, focusing on the manufacturing and commercialization of essential agricultural and industrial chemicals. The company strategically segments its operations into producing its own fertilizers and chemical offerings, trading in various other fertilizers, and providing a range of additional products and services. Its portfolio includes a diverse array of urea formulations, such as standard Kisan urea, advanced neem coated urea, and sulphur coated urea, alongside bentonite sulphur products. The firm also provides bio-fertilizers like rhizobium, phosphate solubilizing bacteria, and azotobacter, designed to enhance soil vitality and complement chemical applications. Beyond agricultural inputs, National Fertilizers produces industrial materials such as dilute nitric acid, ammonium nitrate, and anhydrous ammonia, marketed under the widely recognized KISAN brand. Furthermore, it supplies certified seeds under the Kisan Beej label and engages in the distribution of compost, Potash Derived from Molasses (PDM), Fermented Organic Manure (FOM), and a variety of agrochemicals including insecticides, herbicides, and fungicides, along with other key fertilizers like diammonium phosphate and potassium chloride. As a public sector Navratna company, established in 1974 and headquartered in Noida, India, National Fertilizers stands as India's second-largest urea producer. The company recently approved the development of a new plant for Water Soluble Fertilizers and Micro Nutrients, indicating a strategic evolution in its product offerings.