About
National Fertilizers Limited engages in the production and marketing of neem coated urea, bio-fertilizers, and other allied Industrial products in India. It operates through Manufactured Fertilizers, Manufactured Chemicals, Traded Imported Fertilizers, and Others segments. The company offers urea; bentonite sulphur; and bio fertilizers, including rhizobium, azectobactor and PSB, and zinc solubilizing bacteria. It also provides industrial products comprising ammonia, nitric acid, ammonium nitrate, and sodium nitrite and nitrate under the KISAN brand name, as well as seeds under the Kisan Beej brand name. In addition, the company engages in the trading of fertilizers, compost, seeds, agro chemicals, and other agro products. National Fertilizers Limited was incorporated in 1974 and is based in Noida, India.
Key Metrics
as of Sep 2026Market Cap3,469 Cr
P/E9.52
Div Yield1.47 %
Book Value₹57.90
52w High₹101.00
52w Low₹63.40
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,500.00 | 4,347.00 | 6,870.00 | 6,763.00 | 3,534.00 | 4,457.00 | 5,856.00 | 4,390.00 | 5,092.00 | 5,284.00 | 7,584.00 | 5,660.00 | 5,048.00 |
| Expenses | 4,234.00 | 4,026.00 | 6,574.00 | 6,660.00 | 3,453.00 | 4,222.00 | 5,710.00 | 4,265.00 | 4,985.00 | 4,905.00 | 7,266.00 | 5,714.00 | 5,060.00 |
| Operating Profit | 267.00 | 321.00 | 296.00 | 103.00 | 81.00 | 234.00 | 146.00 | 125.00 | 107.00 | 379.00 | 318.00 | -55.00 | -12.00 |
| OPM % | 6.00 | 7.00 | 4.30 | 1.50 | 2.30 | 5.00 | 2.50 | 2.90 | 2.10 | 7.00 | 4.20 | -1.00 | -0.20 |
| Other Income | 54.00 | 46.00 | 59.00 | 15.00 | 9.00 | 62.00 | 47.00 | 37.00 | 53.00 | 55.00 | 25.00 | 58.00 | 34.00 |
| Depreciation | 104.00 | 100.00 | 110.00 | 99.00 | 96.00 | 95.00 | 94.00 | 93.00 | 91.00 | 92.00 | 92.00 | 90.00 | 87.00 |
| Interest | 79.00 | 77.00 | 72.00 | 55.00 | 46.00 | 35.00 | 41.00 | 60.00 | 90.00 | 74.00 | 50.00 | 39.00 | 104.00 |
| Profit before tax | 138.00 | 190.00 | 172.00 | -36.00 | -52.00 | 167.00 | 57.00 | 9.00 | -21.00 | 268.00 | 201.00 | -127.00 | -169.00 |
| Tax % | 18.00 | 20.00 | 22.00 | 0.00 | -24.00 | 19.00 | 19.00 | -35.00 | -59.00 | 23.00 | 25.00 | -31.00 | -28.00 |
| Net Profit | 113.00 | 152.00 | 135.00 | -36.00 | -39.00 | 135.00 | 46.00 | 12.00 | -9.00 | 208.00 | 151.00 | -87.00 | -121.00 |
| EPS in Rs | 2.31 | 3.09 | 2.76 | -0.73 | -0.80 | 2.75 | 0.93 | 0.25 | -0.18 | 4.23 | 3.08 | -1.78 | -2.48 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 21,519.00 | 19,798.00 | 23,556.00 | 29,587.00 | 15,857.00 | 11,906.00 | 13,135.00 | 12,429.00 | 8,943.00 | 7,600.00 | 7,757.00 | 8,514.00 |
| Expenses | 20,682.00 | 19,182.00 | 22,939.00 | 28,509.00 | 15,469.00 | 11,001.00 | 12,283.00 | 11,417.00 | 8,404.00 | 7,041.00 | 7,197.00 | 8,130.00 |
| Operating Profit | 837.00 | 615.00 | 617.00 | 1,077.00 | 388.00 | 904.00 | 852.00 | 1,012.00 | 539.00 | 559.00 | 560.00 | 385.00 |
| OPM % | 3.90 | 3.10 | 2.60 | 3.60 | 2.40 | 8.00 | 6.00 | 8.00 | 6.00 | 7.00 | 7.00 | 4.50 |
| Other Income | 96.00 | 203.00 | 196.00 | 195.00 | 26.00 | 33.00 | -331.00 | 52.00 | 62.00 | 45.00 | 45.00 | 37.00 |
| Interest | 253.00 | 233.00 | 277.00 | 308.00 | 137.00 | 294.00 | 409.00 | 320.00 | 192.00 | 193.00 | 231.00 | 304.00 |
| Depreciation | 405.00 | 373.00 | 362.00 | 353.00 | 335.00 | 312.00 | 374.00 | 285.00 | 73.00 | 85.00 | 87.00 | 73.00 |
| Profit before tax | 275.00 | 212.00 | 174.00 | 612.00 | -58.00 | 331.00 | -263.00 | 459.00 | 335.00 | 325.00 | 287.00 | 45.00 |
| Tax % | 23.00 | 13.00 | 14.00 | 25.00 | 63.00 | 28.00 | -31.00 | 36.00 | 36.00 | 36.00 | 31.00 | 41.00 |
| Net Profit | 211.00 | 184.00 | 150.00 | 458.00 | -95.00 | 237.00 | -181.00 | 294.00 | 213.00 | 208.00 | 197.00 | 26.00 |
| EPS in Rs | 4.31 | 3.75 | 3.06 | 9.34 | -1.94 | 4.83 | -3.69 | 5.99 | 4.34 | 4.24 | 4.02 | 0.53 |
| Dividend Payout % | 24.00 | 42.00 | 9.00 | 30.00 | 0.00 | 0.00 | -26.00 | 31.00 | 0.00 | 0.00 | 30.00 | 32.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 | 491.00 |
| Reserves | 2,350.00 | 2,225.00 | 2,055.00 | 2,051.00 | 1,589.00 | 1,650.00 | 1,412.00 | 1,720.00 | 1,495.00 | 1,334.00 | 1,199.00 | 990.00 |
| Borrowings | 3,964.00 | 2,001.00 | 4,091.00 | 3,993.00 | 3,172.00 | 1,892.00 | 8,103.00 | 6,464.00 | 3,061.00 | 4,135.00 | 6,124.00 | 7,645.00 |
| Other Liabilities | 4,923.00 | 4,599.00 | 4,563.00 | 6,002.00 | 5,244.00 | 4,382.00 | 4,561.00 | 5,231.00 | 4,582.00 | 4,223.00 | 4,207.00 | 4,332.00 |
| Total Liabilities | 11,728.00 | 9,316.00 | 11,199.00 | 12,536.00 | 10,496.00 | 8,414.00 | 14,565.00 | 13,905.00 | 9,628.00 | 10,182.00 | 12,019.00 | 13,458.00 |
| Fixed Assets | 3,534.00 | 3,694.00 | 3,831.00 | 3,969.00 | 4,230.00 | 3,615.00 | 3,726.00 | 3,993.00 | 4,080.00 | 4,059.00 | 4,259.00 | 4,443.00 |
| CWIP | 161.00 | 172.00 | 242.00 | 178.00 | 138.00 | 862.00 | 656.00 | 133.00 | 64.00 | 51.00 | 33.00 | 39.00 |
| Investments | 496.00 | 443.00 | 336.00 | 259.00 | 257.00 | 416.00 | 323.00 | 265.00 | 217.00 | 152.00 | 23.00 | 0.00 |
| Other Assets | 7,538.00 | 5,007.00 | 6,791.00 | 8,131.00 | 5,870.00 | 3,520.00 | 9,861.00 | 9,513.00 | 5,268.00 | 5,921.00 | 7,705.00 | 8,975.00 |
| Total Assets | 11,728.00 | 9,316.00 | 11,199.00 | 12,536.00 | 10,496.00 | 8,414.00 | 14,565.00 | 13,905.00 | 9,628.00 | 10,182.00 | 12,019.00 | 13,458.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -1,342.00 | 2,593.00 | 668.00 | -333.00 | -1,029.00 | 7,021.00 | -319.00 | -2,703.00 | 1,661.00 | 2,453.00 | 1,848.00 | 304.00 |
| Cash from Investing Activity | -263.00 | -270.00 | -334.00 | -206.00 | -129.00 | -497.00 | -810.00 | -310.00 | -346.00 | -201.00 | -87.00 | -89.00 |
| Cash from Financing Activity | 1,643.00 | -2,334.00 | -318.00 | 526.00 | 1,145.00 | -6,505.00 | 1,132.00 | 3,022.00 | -1,314.00 | -2,250.00 | -1,760.00 | -214.00 |
| Net Cash Flow | 37.00 | -12.00 | 16.00 | -13.00 | -14.00 | 20.00 | 3.00 | 9.00 | 1.00 | 1.00 | 2.00 | 1.00 |
| Free Cash Flow | -1,564.00 | 2,421.00 | 386.00 | -540.00 | -1,322.00 | 6,607.00 | -1,075.00 | -2,969.00 | 1,364.00 | 2,364.00 | 1,771.00 | 212.00 |
| CFO/OP % | -155.00 | 411.00 | 109.00 | -18.00 | -252.00 | 779.00 | -32.00 | -258.00 | 325.00 | 452.00 | 340.00 | 79.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92.00 | 60.00 | 63.00 | 51.00 | 65.00 | 81.00 | 215.00 | 210.00 | 160.00 | 205.00 | 226.00 | 216.00 |
| Inventory Days | 29.00 | 28.00 | 41.00 | 57.00 | 90.00 | 25.00 | 67.00 | 90.00 | 45.00 | 63.00 | 49.00 | 25.00 |
| Days Payable | 40.00 | 46.00 | 31.00 | 33.00 | 58.00 | 42.00 | 47.00 | 35.00 | 42.00 | 44.00 | 31.00 | 15.00 |
| Cash Conversion Cycle | 81.00 | 42.00 | 72.00 | 75.00 | 97.00 | 64.00 | 235.00 | 265.00 | 163.00 | 224.00 | 244.00 | 225.00 |
| Working Capital Days | 0.00 | 0.00 | -3.00 | 7.00 | 3.00 | 4.00 | 8.00 | 28.00 | 29.00 | 29.00 | 30.00 | 30.00 |
| ROCE % | 9.00 | 8.00 | 7.00 | 16.00 | 2.00 | 9.00 | 6.00 | 11.00 | 9.00 | 8.00 | 6.00 | — |
Corporate Actions
27 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 22 Sep 2025 | 22 Sep 2025 | — | 1.56 | |
| Dividend | 20 Sep 2024 | 20 Sep 2024 | — | 0.27 | |
| Dividend | 22 Sep 2023 | 22 Sep 2023 | — | 1.26 | |
| Dividend | 09 Jun 2023 | 09 Jun 2023 | — | 1.53 | |
| Other | 21 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 09 Dec 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Mar 2020 | 20 Mar 2020 | — | 0.95 | |
| Dividend | 09 Sep 2019 | — | — | 0.77 | |
| Dividend | 13 Feb 2019 | 14 Feb 2019 | — | 1.09 | |
| Other | 18 Sep 2018 | — | — | — | Annual General Meeting |
| Dividend | 19 Sep 2017 | — | — | 0.85 | |
| Other | 19 Sep 2017 | — | — | — | Annual General Meeting- Re 0.85 Per Share (Purpose Revised) |
| Dividend | 19 Sep 2016 | — | — | 1.21 | |
| Dividend | 15 Sep 2015 | — | — | 0.17 | |
| Other | 30 Jul 2014 | — | — | — | Annual General Meeting / E-Voting |
| Other | 04 Sep 2013 | — | — | — | Annual General Meeting |
| Dividend | 29 Aug 2012 | — | — | 0.78 | |
| Dividend | 29 Aug 2011 | — | — | 0.85 | |
| Dividend | 30 Aug 2010 | — | — | 1.05 | |
| Dividend | 28 Aug 2009 | — | — | 0.60 | |
| Dividend | 05 Sep 2008 | — | — | 0.66 | NSE/BSE dividend mismatch: NSE=0.664; BSE=0.66 |
| Dividend | 05 Sep 2008 | — | — | 0.66 | NSE/BSE dividend mismatch: NSE=0.664; BSE=0.66 |
| Dividend | 11 Sep 2007 | — | — | 1.08 | NSE/BSE dividend mismatch: NSE=1.077; BSE=1.07 |
| Dividend | 11 Sep 2007 | — | — | 1.07 | NSE/BSE dividend mismatch: NSE=1.077; BSE=1.07 |
| Dividend | 11 Sep 2007 | — | — | 1.08 | NSE/BSE dividend mismatch: NSE=1.077; BSE=1.07 |
| Dividend | 30 Aug 2001 | — | — | 0.16 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update26 May from icra
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Rating update26 Mar from icra
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Rating update26 Mar from fitch
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Rating update2 May 2025 from icra
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Rating update27 Mar 2025 from fitch
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Rating update17 May 2024 from icra