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Madhya Bharat Agro Products Limited
NSE: MBAPL · Chemicals
₹194.32+0.04%06 Nov 2026
Ask the data
Instant answers about Madhya Bharat Agro Products Limited — computed from its filings, no language modelMarket cap₹8,514 cr
Current price₹194.32
High / Low₹194 / ₹78
P/E54.9
P/B15.49
Book value₹12.5
ROE28.2%
ROCE15.3%
Debt / equity1.56
Dividend yield0.05%
EPS (TTM)₹3.54
Face value₹2
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | 131 | 186 | 491 | 982 | 817 | 1,059 | 1,867 |
| EBITDA | 35 | 42 | 107 | 210 | 97 | 145 | 227 |
| Operating margin | 26.5% | 22.4% | 21.7% | 21.4% | 11.8% | 13.7% | 12.1% |
| Interest | 3 | 4 | 8 | 16 | 26 | 28 | 32 |
| Depreciation | 10 | 9 | 18 | 22 | 29 | 34 | 37 |
| Profit before tax | 21 | 29 | 81 | 176 | 52 | 95 | 174 |
| Tax | 7 | 8 | 24 | 52 | 27 | 37 | 24 |
| Net profit | 0 | 0 | 57 | 124 | 25 | 57 | 150 |
| EPS ₹ | 6.77 | 9.24 | 26.03 | 28.35 | 2.84 | 6.56 | 17.14 |
| Operating cash flow | — | — | -72 | -70 | 149 | 96 | -127 |
| Capex | — | — | 13 | 70 | 105 | 108 | 399 |
| Dividend paid | — | — | 1 | 1 | 2 | 4 | 4 |
| Total assets | — | — | — | 743 | 804 | 946 | 1,682 |
| Equity | — | — | — | 328 | 351 | 404 | 550 |
Quarterly performance
last 26 quarters · ₹ crore| SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 34 | 29 | 50 | 55 | 32 | 50 | 67 | 86 | 192 | 146 | 286 | 234 | 149 | 278 | 244 | 146 | 200 | 278 | 284 | 297 | 410 | 450 | 612 | 395 | 416 |
| Operating profit | 10 | 10 | 9 | 12 | 15 | 9 | 7 | 16 | 19 | 38 | 34 | 62 | 45 | 24 | 40 | 18 | 14 | 34 | 36 | 39 | 36 | 57 | 62 | 66 | 41 | 66 |
| Operating margin | 24.5% | 28.2% | 30.0% | 23.5% | 26.9% | 26.9% | 13.5% | 23.6% | 21.6% | 19.9% | 23.2% | 21.6% | 19.1% | 16.2% | 14.5% | 7.4% | 9.6% | 16.8% | 13.0% | 13.9% | 12.2% | 13.9% | 13.7% | 10.9% | 10.4% | 15.8% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 4 | 1 | 1 | 1 | 0 | 9 | 2 | 2 | 2 | 6 | 3 | 2 | 3 | 9 | 5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 5 | 6 | 8 | 4 | 8 | 9 | 7 | 5 | 7 | 7 | 6 | 9 | 11 | 15 |
| Depreciation | 2 | 2 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 7 | 6 | 7 | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 8 | 9 | 9 | 9 | 9 | 12 |
| Profit before tax | 7 | 7 | 5 | 8 | 11 | 5 | 3 | 12 | 13 | 32 | 24 | 55 | 34 | 12 | 26 | 7 | 8 | 18 | 23 | 27 | 27 | 44 | 49 | 51 | 31 | 44 |
| Tax | 1 | 1 | 2 | 3 | 3 | 2 | 1 | 4 | 4 | 10 | 7 | 16 | 10 | 5 | 11 | 5 | 6 | 6 | 9 | 9 | 13 | 16 | 18 | 19 | -29 | 11 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | 39 | 24 | 7 | 15 | 1 | 1 | 11 | 14 | 18 | 14 | 28 | 30 | 32 | 60 | 33 |
| EPS ₹ | 2.48 | 2.65 | 1.38 | 2.71 | 3.74 | 1.65 | 1.14 | 3.78 | 4.24 | 10.45 | 7.56 | 8.84 | 5.54 | 1.65 | 3.41 | 0.15 | 0.16 | 1.31 | 1.58 | 2.04 | 1.63 | 3.22 | 3.48 | 3.62 | 6.82 | 0.75 |
| Revenue YoY | — | — | — | — | 32.0% | -6.9% | 70.6% | 35.9% | 57.8% | 502.9% | 194.1% | 49.2% | 60.3% | — | — | -14.8% | -37.7% | 34.4% | -0.1% | 16.4% | 103.7% | 104.5% | 61.8% | 115.8% | 33.0% | 1.6% |
| Profit YoY | — | — | — | — | — | — | — | — | — | — | — | — | 46.6% | — | — | -96.6% | -94.3% | 58.7% | -7.3% | 1276.9% | 932.6% | 145.5% | 120.1% | 77.4% | 319.4% | 16.8% |
Returns & margins
trailing-twelve-month, per quarter| JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | 24.4% | 13.7% | 7.1% | 8.3% | 7.5% | 12.0% | 14.2% | 18.4% | 19.8% | 22.8% | 27.3% | 28.2% |
| ROCE | — | — | — | — | — | — | — | — | 23.7% | 16.1% | 12.3% | 13.6% | 13.8% | 17.4% | 17.0% | 20.3% | 22.3% | 25.9% | 14.7% | 15.3% |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.4% | 9.0% | 5.3% | 3.0% | 3.4% | 3.2% | 4.9% | 5.4% | 5.8% | 6.3% | 5.9% | 8.0% | 8.3% |
| EBITDA margin | 26.0% | 26.7% | 26.4% | 22.4% | 22.5% | 21.2% | 20.1% | 21.7% | 18.1% | 14.1% | 11.8% | 12.2% | 11.7% | 13.6% | 13.7% | 13.3% | 13.5% | 12.5% | 12.1% | 12.6% |
| Debt / equity | — | — | — | — | — | — | — | — | 0.82 | 0.82 | 0.83 | 0.83 | 0.61 | 0.61 | 0.79 | 0.79 | 0.68 | 0.68 | 1.56 | 1.56 |
| Interest coverage | 8.85 | 9.77 | 8.37 | 8.50 | 9.02 | 8.38 | 11.54 | 11.77 | 6.52 | 4.38 | 2.99 | 2.96 | 2.98 | 3.61 | 4.37 | 5.67 | 6.87 | 6.88 | 6.38 | 5.29 |
| Asset turnover | — | — | — | — | — | — | — | — | 1.19 | 1.14 | 1.02 | 1.08 | 1.08 | 1.13 | 1.12 | 1.34 | 1.19 | 1.47 | 1.11 | 1.11 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | |
|---|---|---|---|---|---|---|---|
| Share capital | 44 | 44 | 88 | 88 | 88 | 88 | 88 |
| Other equity / reserves | 285 | 305 | 263 | 284 | 316 | 371 | 462 |
| Total equity | 328 | 348 | 351 | 372 | 404 | 458 | 550 |
| Borrowings | 323 | 286 | 290 | 228 | 318 | 312 | 855 |
| Current liabilities | 318 | 336 | 351 | 329 | 351 | 502 | 633 |
| Non-current liabilities | 97 | 110 | 102 | 103 | 191 | 247 | 499 |
| Total assets | 743 | 795 | 804 | 804 | 946 | 1,207 | 1,682 |
| Property, plant & equipment | 203 | 197 | 265 | 249 | 279 | 261 | 436 |
| Capital work-in-progress | 0 | 32 | 14 | 39 | 74 | 178 | 277 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 214 | 203 | 207 | 136 | 167 | 238 | 360 |
| Receivables | 199 | 232 | 186 | 222 | 256 | 307 | 426 |
| Cash & equivalents | 6 | 0 | 0 | 25 | 0 | 0 | 0 |
Cash flow
annual · ₹ crore · line = free cash flow| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | -72 | -70 | 149 | 96 | -127 |
| Cash from investing | -13 | -65 | -94 | -92 | -373 |
| Cash from financing | 85 | 141 | -61 | -4 | 501 |
| Capex | 13 | 70 | 105 | 108 | 399 |
| Free cash flow | -85 | -140 | 44 | -12 | -526 |
| Dividends paid | 1 | 1 | 2 | 4 | 4 |
Where the assets sit
Mar '26 · ₹ croreFixed assets (PPE)₹436 cr26%
CWIP₹277 cr16%
Inventories₹360 cr21%
Receivables₹426 cr25%
Cash & equivalents₹0 cr0%
Other assets₹182 cr11%
Peer comparison
largest in Chemicals · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Solar Industries India Ltd. | 1,68,402 | 18,608.00 | 74.4 | 21.95 | 29.5% |
| Pidilite Industries Ltd. | 1,60,821 | 1,579.00 | 59.9 | 14.34 | 23.9% |
| SRF Ltd. | 72,931 | 2,460.40 | 143.2 | 4.77 | 3.3% |
| Linde India Ltd. | 58,496 | 6,859.00 | 755.3 | 13.33 | 1.8% |
| Coromandel International Ltd. | 53,808 | 1,824.00 | 31.8 | 428.48 | 1349.1% |
| Gujarat Fluorochemicals Ltd. | 51,320 | 4,665.50 | 75.6 | 6.12 | 8.1% |
| Fertilisers and Chemicals Travancore Ltd. | 48,546 | 750.25 | — | 35.30 | -3.1% |
| Navin Fluorine International Ltd. | 46,221 | 9,010.00 | 50.8 | 10.36 | 20.4% |
| UPL Ltd. | 45,199 | 534.90 | 23.9 | 1.30 | 5.4% |
| Himadri Speciality Chemical Ltd. | 28,669 | 568.15 | 33.5 | 5.58 | 16.6% |
| Madhya Bharat Agro Products Limited | 8,514 | 194.32 | 54.9 | 15.49 | 28.2% |
StoxGud checklist: Neutral setup · 6/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+15.7%
6 months+68.5%
1 year+139.8%
3Y CAGR+49.0%
5Y CAGR+60.7%
10Y CAGR+44.3%
50-day avg₹167.06
200-day avg₹126.33
RSI (14)80
FAQs
What is the share price of Madhya Bharat Agro Products Limited?
Madhya Bharat Agro Products Limited (MBAPL) closed at ₹194.32 on NSE on 06 Nov 2026.
What is the market cap of Madhya Bharat Agro Products Limited?
₹8,514 crore at the latest close.
What is the P/E ratio of Madhya Bharat Agro Products Limited?
54.9, on trailing-twelve-month earnings from its filings.
How fast is Madhya Bharat Agro Products Limited growing?
Madhya Bharat Agro Products Limited: revenue has compounded at 23.9% a year over three years; net profit at 6.5% a year. Latest-quarter revenue is up 1.6% year on year, profit up 16.8%.
How profitable is Madhya Bharat Agro Products Limited?
On a trailing-twelve-month basis return on equity is 28.2%, return on capital employed 15.3%, operating margin 12.6%, net margin 8.3%.
How much debt does Madhya Bharat Agro Products Limited have?
Madhya Bharat Agro Products Limited is highly geared: debt to equity is 1.56 with borrowings of ₹855 cr against cash of ₹0 cr (balance sheet of 2026-03-31). Operating profit covers interest 5.3 times.
Financials parsed from Madhya Bharat Agro Products Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from SEP '19, annual from FY20, balance sheet from Mar '23. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.
Madhya Bharat Agro Products Limited · advanced chart