National Fertilizer Ltd

National Fertilizer Ltd

₹ 133 1.10%
03 Jul 9:09 a.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 6,542 Cr.
  • Current Price 133
  • High / Low 156 / 65.0
  • Stock P/E 43.6
  • Book Value 52.1
  • Dividend Yield 2.09 %
  • ROCE 6.69 %
  • ROE 5.89 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.53 times its book value
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 7.33% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 9.95% 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,853 2,626 3,550 5,001 4,304 6,174 6,582 9,235 6,590 5,060 5,714 7,266 4,902
Operating Profit 108 7 141 90 139 281 172 902 -333 -12 -55 318 382
OPM % 4% 0% 4% 2% 3% 4% 3% 9% -5% -0% -1% 4% 7%
12 8 11 8 6 22 11 33 179 34 58 25 52
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 -10 -95 35 -20 22 164 23 752 -326 -169 -127 201 268
Tax % 3% 1% 54% -14% 72% 23% 35% 26% 28% 28% 31% 25% 23%
-10 -94 16 -23 6 125 15 554 -236 -121 -87 151 208
EPS in Rs -0.19 -1.92 0.33 -0.47 0.12 2.56 0.30 11.29 -4.81 -2.48 -1.78 3.08 4.23
Raw PDF

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
8,514 7,757 7,600 8,943 12,429 13,135 11,906 15,857 29,617 23,560
8,130 7,197 7,041 8,404 11,417 12,283 11,001 15,469 28,539 22,942
Operating Profit 385 560 559 539 1,012 852 904 388 1,078 618
OPM % 5% 7% 7% 6% 8% 6% 8% 2% 4% 3%
37 45 45 62 52 -331 33 26 195 185
Interest 304 231 193 192 320 409 294 137 308 267
Depreciation 73 87 85 73 285 374 312 335 353 362
Profit before tax 45 287 325 335 459 -263 331 -58 612 174
Tax % 41% 31% 36% 36% 36% 31% 28% -63% 25% 14%
26 197 208 213 294 -181 237 -95 458 150
EPS in Rs 0.53 4.02 4.24 4.34 5.99 -3.69 4.83 -1.94 9.34 3.06
Dividend Payout % 32% 30% 0% 0% 31% -26% 0% 0% 30% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 26%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: -12%
3 Years: -14%
TTM: -67%
Stock Price CAGR
10 Years: 11%
5 Years: 29%
3 Years: 26%
1 Year: 87%
Return on Equity
10 Years: %
5 Years: 9%
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
Equity Capital 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
7,645 6,124 4,135 3,061 6,464 8,103 1,892 3,172 3,992 4,091
4,332 4,207 4,223 4,582 5,231 4,561 4,382 5,244 6,002 4,561
Total Liabilities 13,458 12,019 10,182 9,628 13,905 14,565 8,414 10,496 12,535 11,206
4,443 4,259 4,059 4,080 3,993 3,726 3,615 4,230 3,969 3,865
CWIP 39 33 51 64 133 656 862 138 178 208
Investments 0 23 152 217 265 323 416 257 259 345
8,975 7,705 5,921 5,268 9,513 9,861 3,520 5,870 8,130 6,788
Total Assets 13,458 12,019 10,182 9,628 13,905 14,565 8,414 10,496 12,535 11,206

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 40
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%

Shareholding Pattern

Numbers in percentages

24 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 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%
0.35% 0.68% 0.81% 0.81% 0.40% 0.18% 0.20% 0.54% 0.39% 0.39% 1.10% 0.48%
13.98% 13.37% 13.20% 13.14% 13.14% 13.14% 12.75% 12.40% 11.89% 9.90% 8.51% 8.38%
10.96% 11.24% 11.28% 11.33% 11.75% 11.97% 12.36% 12.36% 13.01% 15.00% 15.68% 16.43%
No. of Shareholders 1,23,9551,18,3011,15,7171,17,7261,21,1591,18,7061,19,6231,12,9851,18,2371,34,9461,57,9192,34,201

* 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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