National Fertilizer Ltd

National Fertilizer Ltd

₹ 160 10.18%
22 Jul 4:01 p.m.
About

National Fertilizers Limited is engaged in production and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products. It is also engaged in trading of Imported and Domestic Fertilizers, Compost, Seeds and other Agro products. [1]

Key Points

Products and Services
The Co. is engaged in production and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products like Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite and Sodium Nitrate. [1]
It also provides services to farmers such as educating them on judicious use of fertilizers along with total know-how on improved and scientific methods of cultivation to improve soil productivity. Apart from this, the co is also having 100 Kisan Suvidha Kendra’s (KSKs) to provide all agro products and services to the farmers under a single window concept. [2]

  • Market Cap 7,852 Cr.
  • Current Price 160
  • High / Low 165 / 65.0
  • Stock P/E 121
  • Book Value 55.1
  • Dividend Yield 1.74 %
  • ROCE 5.25 %
  • ROE 2.36 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.90 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.34% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 10.0% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
2,961 2,632 3,691 5,092 4,442 6,455 6,754 10,137 6,257 5,048 5,660 7,584 5,284
2,846 2,536 3,511 4,970 4,261 6,174 6,572 9,200 6,590 5,060 5,714 7,266 4,902
Operating Profit 115 97 180 122 181 281 182 937 -333 -12 -55 318 382
OPM % 4% 4% 5% 2% 4% 4% 3% 9% -5% -0% -1% 4% 7%
12 8 11 8 6 8 11 33 146 12 32 14 26
Interest 52 27 34 34 38 51 73 94 84 104 39 50 74
Depreciation 78 82 82 85 85 87 87 90 89 87 90 92 92
Profit before tax -3 -5 75 12 64 150 33 786 -359 -191 -153 190 242
Tax % -8% -13% 25% 25% 24% 26% 24% 25% -25% -25% -26% 26% 25%
-3 -4 56 9 48 112 25 589 -269 -144 -113 140 182
EPS in Rs -0.06 -0.09 1.14 0.18 0.98 2.27 0.50 12.00 -5.48 -2.93 -2.31 2.85 3.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6,718 8,012 8,514 7,757 7,600 8,943 12,429 13,135 11,906 15,857 29,617 23,560
6,678 7,874 8,130 7,197 7,041 8,404 11,412 12,273 10,989 15,266 28,539 22,942
Operating Profit 40 137 385 560 559 539 1,017 862 917 591 1,078 618
OPM % 1% 2% 5% 7% 7% 6% 8% 7% 8% 4% 4% 3%
-21 37 37 47 45 62 52 -331 33 26 193 99
Interest 132 207 304 231 193 192 320 409 294 137 308 267
Depreciation 118 129 73 87 85 73 285 374 312 335 353 362
Profit before tax -231 -161 45 288 325 335 463 -253 343 145 610 89
Tax % -26% -44% 41% 31% 36% 36% 36% -32% 27% 25% 25% 27%
-171 -90 26 199 208 213 298 -171 250 108 456 65
EPS in Rs -3.48 -1.83 0.53 4.05 4.24 4.34 6.08 -3.49 5.09 2.21 9.30 1.32
Dividend Payout % 0% 0% 32% 30% 0% 0% 31% -27% 0% 0% 30% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 14%
3 Years: 26%
TTM: -20%
Compounded Profit Growth
10 Years: 11%
5 Years: -26%
3 Years: -36%
TTM: -86%
Stock Price CAGR
10 Years: 16%
5 Years: 38%
3 Years: 38%
1 Year: 126%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 491 491 491 491 491 491 491 491 491 491 491 491
Reserves 1,093 1,003 990 1,200 1,336 1,497 1,728 1,430 1,681 1,824 2,283 2,211
5,615 7,558 7,645 6,124 4,135 3,061 6,464 8,103 1,892 3,172 3,992 4,091
3,888 4,702 4,332 4,207 4,223 4,582 5,231 4,561 4,382 5,244 6,002 4,561
Total Liabilities 11,087 13,754 13,458 12,021 10,184 9,630 13,914 14,584 8,445 10,730 12,768 11,352
3,501 4,682 4,443 4,259 4,059 4,080 3,993 3,726 3,615 4,230 3,969 3,865
CWIP 1,358 14 39 33 51 64 133 656 862 138 178 208
Investments 0 0 2 15 125 219 274 342 448 491 491 491
6,228 9,058 8,973 7,714 5,949 5,268 9,513 9,861 3,520 5,870 8,130 6,788
Total Assets 11,087 13,754 13,458 12,021 10,184 9,630 13,914 14,584 8,445 10,730 12,768 11,352

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-678 -1,608 304 1,850 2,453 1,661 -2,699 -309 7,034 -826 -335 583
-1,774 -133 -89 -88 -202 -346 -314 -820 -509 -333 -204 -249
2,455 1,739 -214 -1,760 -2,250 -1,314 3,022 1,132 -6,505 1,145 526 -318
Net Cash Flow 3 -2 1 2 1 1 9 3 20 -14 -13 16

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 171 211 216 226 205 160 210 215 81 65 51 63
Inventory Days 37 34 25 48 63 45 90 67 25 90 57 40
Days Payable 30 30 15 31 44 42 35 47 42 58 33 33
Cash Conversion Cycle 178 216 225 244 224 163 265 235 64 97 75 70
Working Capital Days 119 221 244 232 181 147 208 212 42 62 50 61
ROCE % -1% 1% 4% 6% 8% 9% 11% 6% 9% 6% 15% 5%

Shareholding Pattern

Numbers in percentages

34 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71%
0.68% 0.81% 0.81% 0.40% 0.18% 0.20% 0.54% 0.39% 0.39% 1.10% 0.48% 0.41%
13.37% 13.20% 13.14% 13.14% 13.14% 12.75% 12.40% 11.89% 9.90% 8.51% 8.38% 7.47%
11.24% 11.28% 11.33% 11.75% 11.97% 12.36% 12.36% 13.01% 15.00% 15.68% 16.43% 17.39%
No. of Shareholders 1,18,3011,15,7171,17,7261,21,1591,18,7061,19,6231,12,9851,18,2371,34,9461,57,9192,34,2012,59,888

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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