National Fertilizer Ltd

₹ 114 -0.65%

23 Dec 11:00 a.m.

nationalfertilizers.com BSE: 523630 NSE: NFL

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

Market Leadership
The company is the largest urea producer amongst CPSEs in India, and the 2nd largest Urea player in India with a 12% share in the country’s total production. ^[1] ^[2]

Website BSE NSE

Market Cap ₹ 5,615 Cr.
Current Price ₹ 114
High / Low ₹ 170 / 82.7
Stock P/E 20.8
Book Value ₹ 53.8
Dividend Yield 0.24 %
ROCE 5.26 %
ROE 2.12 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has a low return on equity of 8.25% over last 3 years.
Company's cost of borrowing seems high

* 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

Part of Nifty Total Market Nifty Microcap 250 BSE SmallCap BSE CPSE BSE Allcap BSE Commodities

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	3,691	5,092	4,442	6,455	6,754	10,137	6,257	5,036	5,660	7,584	5,284	5,092	4,390
	3,511	4,970	4,261	6,174	6,572	9,200	6,590	5,060	5,714	7,266	4,902	4,983	4,265
Operating Profit	180	122	181	281	182	937	-333	-23	-55	318	382	109	125
OPM %	5%	2%	4%	4%	3%	9%	-5%	-0%	-1%	4%	7%	2%	3%
	11	8	6	8	11	33	146	23	32	14	26	18	14
Interest	34	34	38	51	73	94	84	104	39	50	74	90	60
Depreciation	82	85	85	87	87	90	89	87	90	92	92	91	93
Profit before tax	75	12	64	150	33	786	-359	-191	-153	190	242	-54	-14
Tax %	25%	25%	24%	26%	24%	25%	-25%	-25%	-26%	26%	25%	-23%	-23%
	56	9	48	112	25	589	-269	-144	-113	140	182	-41	-11
EPS in Rs	1.14	0.18	0.98	2.27	0.50	12.00	-5.48	-2.93	-2.31	2.85	3.70	-0.84	-0.22
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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	TTM
	6,718	8,012	8,514	7,757	7,600	8,943	12,429	13,135	11,906	15,857	29,587	23,556	22,351
	6,678	7,874	8,130	7,197	7,041	8,404	11,412	12,273	10,989	15,266	28,509	22,928	21,416
Operating Profit	40	137	385	560	559	539	1,017	862	917	591	1,077	628	934
OPM %	1%	2%	5%	7%	7%	6%	8%	7%	8%	4%	4%	3%	4%
	-21	37	37	47	45	62	52	-331	33	26	193	99	72
Interest	132	207	304	231	193	192	320	409	294	137	308	277	274
Depreciation	118	129	73	87	85	73	285	374	312	335	353	362	368
Profit before tax	-231	-161	45	288	325	335	463	-253	343	145	610	89	365
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	270
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	5.49
Dividend Payout %	0%	0%	32%	30%	0%	0%	31%	-27%	0%	0%	30%	20%

Compounded Sales Growth
10 Years:	11%
5 Years:	14%
3 Years:	26%
TTM:	-18%

Compounded Profit Growth
10 Years:	10%
5 Years:	-28%
3 Years:	-38%
TTM:	330%

Stock Price CAGR
10 Years:	12%
5 Years:	36%
3 Years:	32%
1 Year:	37%

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	Sep 2024
Equity Capital	491	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	2,147
	5,615	7,558	7,645	6,124	4,135	3,061	6,464	8,103	1,892	3,172	3,993	4,091	1,411
	3,888	4,702	4,332	4,207	4,223	4,582	5,231	4,561	4,382	5,244	6,002	4,563	5,684
Total Liabilities	11,087	13,754	13,458	12,021	10,184	9,630	13,914	14,584	8,445	10,730	12,768	11,355	9,733
	3,501	4,682	4,443	4,259	4,059	4,080	3,993	3,726	3,615	4,230	3,969	3,831	3,769
CWIP	1,358	14	39	33	51	64	133	656	862	138	178	242	228
Investments	0	0	2	15	125	219	274	342	448	491	491	491	491
	6,228	9,058	8,973	7,714	5,949	5,268	9,513	9,861	3,520	5,870	8,131	6,791	5,244
Total Assets	11,087	13,754	13,458	12,021	10,184	9,630	13,914	14,584	8,445	10,730	12,768	11,355	9,733

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	-203	-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	41
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

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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%
	0.81%	0.81%	0.40%	0.18%	0.20%	0.54%	0.39%	0.39%	1.10%	0.48%	0.41%	0.41%
	13.20%	13.14%	13.14%	13.14%	12.75%	12.40%	11.89%	9.90%	8.51%	8.38%	7.47%	7.27%
	11.28%	11.33%	11.75%	11.97%	12.36%	12.36%	13.01%	15.00%	15.68%	16.43%	17.39%	17.60%
No. of Shareholders	1,15,717	1,17,726	1,21,159	1,18,706	1,19,623	1,12,985	1,18,237	1,34,946	1,57,919	2,34,201	2,59,888	3,15,448

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	89.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%
	0.31%	1.64%	1.02%	0.01%	0.01%	0.81%	0.54%	0.48%	0.41%
	5.89%	16.01%	15.69%	13.79%	15.27%	13.14%	12.40%	8.38%	7.27%
	4.09%	7.63%	8.57%	11.49%	10.01%	11.33%	12.36%	16.43%	17.60%
No. of Shareholders	43,642	53,946	57,471	57,559	1,07,936	1,17,726	1,12,985	2,34,201	3,15,448

* 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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National Fertilizer Ltd

National Fertilizer Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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