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    Process industries

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    Chemicals: agricultural
Madhya Bharat Agro Products Ltd.

Madhya Bharat Agro Products Ltd.

NNSE:MBAPL
159.85
INR
-3.09
(-1.90%)
40.35BMarket Cap
Madhya Bharat Agro Products Ltd.
NSE:MBAPL
(National Stock Exchange of India)

Recent

price

159.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
1.05
1.04
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
- -
Revenue per Share
0.06
0.08
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
- -
Basic EPS, GAAP
0.18
-0.31
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
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
0.03
0.02
0.02
0.02
0.02
0.02
0.05
0.1
0.1
- -
Dividend per Share
0.49
0.57
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
- -
Book Value per Share
0.49
0.57
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
- -
Tangible Book Value per Share
438
438
438
438
438
438
438
438
438
438
438
438
438
438
438
438
Basic Weighted Avg Shares
462
455
588
622
647
787
859
815
882
1,311
2,835
5,081
4,928
6,909
11,957
- -
Sales/Revenue/Turnover
13.73
21.99
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
- -
Operating Margin (%)
10
18
19
34
35
71
81
104
104
94
181
224
290
340
369
- -
Depreciation Expense
28
37
37
40
92
117
51
114
148
202
570
1,242
248
575
1,502
- -
Net Income, GAAP
41.04
32.48
33.21
31.58
- -
11.52
29.75
27.42
30.88
29.16
29.76
29.5
52.47
39.26
13.71
- -
Effective Tax Rate (%)
6.13
8.07
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
- -
Profit Margin (%)
-106
72
65
111
160
166
124
304
446
342
952
1,844
1,319
1,589
2,773
- -
Working Capital
80
263
35
31
161
213
196
172
293
415
325
415
299
856
4,054
- -
LT Debt
216
251
686
717
913
1,017
1,067
1,168
1,304
1,494
2,053
3,284
3,509
4,038
5,497
- -
Total Equity
- -
7.99
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 Invested Capital (%)
- -
15.56
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 Capital (%)
- -
15.73
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
- -
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.