1. India Stocks

  2. •

    Process industries

  3. •

    Chemicals: agricultural
Madhya Bharat Agro Products Ltd.

Madhya Bharat Agro Products Ltd.

NNSE:MBAPL
159.85
INR
-3.09
(-1.90%)
40.35BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.34
1.42
1.48
1.8
1.96
1.86
2.01
2.99
6.47
11.6
11.25
15.77
27.29
- -
Basic EPS, GAAP
0.08
0.09
0.21
0.27
0.12
0.26
0.34
0.46
1.3
2.83
0.57
1.31
3.43
- -
Free Cash Flow per Basic Share
0.19
0.06
-0.35
-0.33
0.44
0.32
-0.19
-0.6
-1.94
-3.2
0.97
-0.27
-12
- -
Dividend per Share
- -
- -
- -
- -
0.03
0.02
0.02
0.02
0.02
0.02
0.05
0.1
0.1
- -
Book Value per Share
1.57
1.64
2.08
2.32
2.44
2.67
2.98
3.41
4.69
7.5
8.01
9.22
12.55
- -
Tangible Book Value per Share
1.57
1.64
2.08
2.32
2.44
2.67
2.98
3.41
4.69
7.5
8
9.21
12.54
- -
Basic Weighted Avg Shares
438
438
438
438
438
438
438
438
438
438
438
438
438
438
Sales/Revenue/Turnover
588
622
647
787
859
815
882
1,311
2,835
5,081
4,928
6,909
11,957
- -
Operating Margin (%)
14.69
4.76
13.35
18.06
14.5
23.45
27.56
24.58
31.21
37.54
15.12
17.32
16.61
- -
Depreciation Expense
19
34
35
71
81
104
104
94
181
224
290
340
369
- -
Net Income, GAAP
37
40
92
117
51
114
148
202
570
1,242
248
575
1,502
- -
Effective Tax Rate (%)
33.21
31.58
- -
11.52
29.75
27.42
30.88
29.16
29.76
29.5
52.47
39.26
13.71
- -
Profit Margin (%)
6.24
6.49
14.24
14.91
5.95
14.03
16.82
15.44
20.12
24.44
5.04
8.32
12.56
- -
Working Capital
65
111
160
166
124
304
446
342
952
1,844
1,319
1,589
2,773
- -
LT Debt
35
31
161
213
196
172
293
415
325
415
299
856
4,054
- -
Total Equity
686
717
913
1,017
1,067
1,168
1,304
1,494
2,053
3,284
3,509
4,038
5,497
- -
Return on Invested Capital (%)
5.36
-0.24
- -
4.45
6.27
9.73
10.7
11.67
21.06
26.37
5.48
10.65
16.14
- -
Return on Capital (%)
8.8
7.99
- -
13.19
6.21
9.81
10.78
11.73
20.94
26.41
5.71
10.82
16.53
- -
Return on Common Equity (%)
7.83
5.76
11.3
12.15
4.91
10.23
12.01
14.47
32.15
46.54
7.31
15.23
31.5
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
4,505
- -
LT Borrowings
- -
4,049
- -
LT Finance Leases
- -
5
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
438
438
438
Market Capitalization
36,970
40,348
49,246

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
9,107
- -
Cash, Cash Equivalents & STI
- -
324
- -
Accounts Receivable, Net
- -
4,263
- -
Inventories
- -
3,602
- -
Total Current Liabilities
- -
6,334
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
4,505
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.74%
31.09%
36.12%
Free Cash Flow
417.45%
876.09%
4,352.66%
Net Income, GAAP
67.29%
102.43%
161.3%
Sales/Revenue/Turnover
38.83%
61.15%
73.07%
Total Cash Common Dividend
- -
39.94%
-0.48%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2,004
2,783
2,837
2,968
6,909
2026
4,097
- -
6,124
3,947
11,957
2027
4,163
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.26
0.32
0.41
0.33
1.31
2026
0.64
- -
0.72
1.36
3.43
2027
0.75
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
0.1
2026
- -
- -
- -
- -
0.1
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Pankaj Ostwal
Full Time Employees
1,008
Sector
Process industries
Industry
Chemicals: agricultural
Address
Wing A/1 Bhilwara RA India 311802
IPO Date
Sep 12, 2016
Website
mbapl.com
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Business
Madhya Bharat Agro Products Limited (MBAPL) manufactures phosphatic fertilizers and industrial chemicals primarily for the agricultural sector in India. The company produces beneficiated rock phosphate, single super phosphate under the Annadata brand, DAP/NPK complex fertilizers under the Bharat brand, granulated SSP, phosphoric acid, sulphuric acid, oleum, potash, nitrogen-phosphorus-potassium blends, phospho gypsum, sulphur bentonite, phosphate rich organic manure, and casma; it operates manufacturing facilities in Bhilwara, Rajasthan, and Sagar, Madhya Pradesh. Incorporated in 1997 and headquartered in Bhilwara, India, MBAPL functions as a subsidiary of Ostwal Phoschem (India) Limited within the Ostwal Group of Industries and holds ISO 9001:2015 certification along with ISO/IEC 17025:2017 accreditation for its testing laboratory. Recent developments include robust capacity expansions on track for completion by October 2026 and March 2026, securing INR 202 crore in bank financing for these initiatives, selection as a preferred purchaser of green ammonia under India's Green India initiative to reduce import reliance, and record-high quarterly fertilizer output and sales volumes reported in Q2 2026 amid a 62% revenue increase. The company targets farmers across India, emphasizing self-sustainability by integrating raw material production such as BRP and sulphuric acid to support its fertilizer operations.