National Fertilizer Ltd

₹ 115 -4.32%

20 Dec - close price

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 ₹ 5,644 Cr.
Current Price ₹ 115
High / Low ₹ 170 / 82.7
Stock P/E 15.6
Book Value ₹ 51.9
Dividend Yield 0.23 %
ROCE 6.70 %
ROE 5.58 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.

Cons

Company has a low return on equity of 7.22% over last 3 years.
Dividend payout has been low at 12.9% of profits 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

Consolidated Figures in Rs. Crores / View Standalone

	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	5,048	5,660	7,584	5,284	5,092	4,390
	3,550	5,001	4,304	6,174	6,582	9,235	6,590	5,060	5,714	7,266	4,902	4,983	4,265
Operating Profit	141	90	139	281	172	902	-333	-12	-55	318	382	109	125
OPM %	4%	2%	3%	4%	3%	9%	-5%	-0%	-1%	4%	7%	2%	3%
	11	8	6	22	11	33	179	34	58	25	52	50	37
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	35	-20	22	164	23	752	-326	-169	-127	201	268	-21	9
Tax %	54%	14%	72%	23%	35%	26%	-28%	-28%	-31%	25%	23%	-59%	-35%
	16	-23	6	125	15	554	-236	-121	-87	151	208	-9	12
EPS in Rs	0.33	-0.47	0.12	2.56	0.30	11.29	-4.81	-2.48	-1.78	3.08	4.23	-0.18	0.25
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	8,514	7,757	7,600	8,943	12,429	13,135	11,906	15,857	29,587	23,556	22,351
	8,130	7,197	7,041	8,404	11,417	12,283	11,001	15,469	28,509	22,928	21,416
Operating Profit	385	560	559	539	1,012	852	904	388	1,077	628	934
OPM %	5%	7%	7%	6%	8%	6%	8%	2%	4%	3%	4%
	37	45	45	62	52	-331	33	26	195	185	164
Interest	304	231	193	192	320	409	294	137	308	277	274
Depreciation	73	87	85	73	285	374	312	335	353	362	368
Profit before tax	45	287	325	335	459	-263	331	-58	612	174	457
Tax %	41%	31%	36%	36%	36%	-31%	28%	63%	25%	14%
	26	197	208	213	294	-181	237	-95	458	150	362
EPS in Rs	0.53	4.02	4.24	4.34	5.99	-3.69	4.83	-1.94	9.34	3.06	7.38
Dividend Payout %	32%	30%	-0%	-0%	31%	-26%	-0%	-0%	30%	9%

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

Compounded Profit Growth
10 Years:	%
5 Years:	-13%
3 Years:	-16%
TTM:	230%

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

Return on Equity
10 Years:	%
5 Years:	8%
3 Years:	7%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Reserves	990	1,199	1,334	1,495	1,720	1,412	1,650	1,589	2,051	2,064	2,055
	7,645	6,124	4,135	3,061	6,464	8,103	1,892	3,172	3,993	4,091	1,411
	4,332	4,207	4,223	4,582	5,231	4,561	4,382	5,244	6,002	4,563	5,684
Total Liabilities	13,458	12,019	10,182	9,628	13,905	14,565	8,414	10,496	12,536	11,208	9,641
	4,443	4,259	4,059	4,080	3,993	3,726	3,615	4,230	3,969	3,831	3,769
CWIP	39	33	51	64	133	656	862	138	178	242	228
Investments	-0	23	152	217	265	323	416	257	259	345	400
	8,975	7,705	5,921	5,268	9,513	9,861	3,520	5,870	8,131	6,791	5,244
Total Assets	13,458	12,019	10,182	9,628	13,905	14,565	8,414	10,496	12,536	11,208	9,641

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	304	1,848	2,453	1,661	-2,703	-319	7,021	-1,029	-333	668
	-89	-87	-201	-346	-310	-810	-497	-129	-206	-334
	-214	-1,760	-2,250	-1,314	3,022	1,132	-6,505	1,145	526	-318
Net Cash Flow	1	2	1	1	9	3	20	-14	-13	16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	216	226	205	160	210	215	81	65	51	63
Inventory Days	25	49	63	45	90	67	25	90	57	41
Days Payable	15	31	44	42	35	47	42	58	33	33
Cash Conversion Cycle	225	244	224	163	265	235	64	97	75	70
Working Capital Days	244	232	181	147	208	212	42	62	50	61
ROCE %		6%	8%	9%	11%	6%	9%	2%	16%	7%

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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