National Fertilizers Limited

NSE: NFL · Chemicals

₹62.01-0.08%06 Nov 2026

Ask the data

Instant answers about National Fertilizers Limited — computed from its filings, no language model

Market cap₹3,042 cr

Current price₹62.01

High / Low₹95 / ₹57

P/E39.2

P/B1.07

Book value₹57.9

ROE2.7%

ROCE9.6%

Debt / equity1.39

Dividend yield2.52%

EPS (TTM)₹1.58

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY18	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8,928	13,135	11,906	15,857	29,617	23,560	19,794	21,514
EBITDA	502	860	914	578	1,072	618	608	834
Operating margin	5.6%	6.5%	7.7%	3.6%	3.6%	2.6%	3.1%	3.9%
Interest	190	405	291	133	302	267	226	249
Depreciation	73	374	312	335	353	362	373	405
Profit before tax	335	-253	343	145	610	89	104	233
Tax	122	-82	94	37	154	24	28	63
Net profit	0	0	0	0	458	0	0	0
EPS ₹	4.34	-3.69	4.83	-1.94	9.34	3.06	3.75	4.31
Operating cash flow	—	—	—	-1,029	-333	668	2,590	-1,342
Capex	—	—	—	297	208	292	204	228
Dividend paid	—	—	—	0	0	137	13	77
Total assets	—	—	—	—	12,533	11,206	9,311	11,724
Equity	—	—	—	—	2,542	2,554	2,716	2,841

Quarterly performance

last 28 quarters · ₹ crore

showing latest 8 of 28 periods

	MAR '18	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '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	2,096	3,662	3,737	3,014	2,832	3,174	2,939	2,961	2,632	3,691	5,092	4,442	6,455	6,757	6,268	5,051	5,660	7,581	5,284	5,092	4,390	5,856	4,457	3,534	6,763	6,870	4,347	4,500
Operating profit	138	146	255	267	324	265	210	114	97	180	122	179	281	185	-331	-9	-55	315	382	109	125	149	234	89	128	296	321	267
Operating margin	6.6%	4.0%	6.8%	8.8%	11.4%	8.4%	7.2%	3.9%	3.7%	4.9%	2.4%	4.0%	4.3%	2.7%	-5.3%	-0.2%	-1.0%	4.2%	7.2%	2.1%	2.8%	2.5%	5.3%	2.5%	1.9%	4.3%	7.4%	5.9%
Other income	30	9	7	26	6	8	5	13	8	10	8	8	8	8	144	9	32	17	26	18	14	28	25	9	15	17	12	11
Interest	47	107	94	100	101	78	59	53	27	34	34	38	51	73	84	104	39	50	74	90	60	41	35	46	55	72	77	79
Depreciation	18	25	25	128	77	78	79	78	82	82	85	85	87	87	89	87	90	92	92	91	93	94	95	96	99	110	100	104
Profit before tax	104	23	144	-324	152	118	78	-3	-5	75	12	64	150	33	-359	-191	-153	190	242	-54	-14	42	130	-45	-10	131	157	95
Tax	37	-1	37	-84	41	30	23	-0	-1	19	3	15	38	8	-90	-47	-40	50	61	-13	-3	11	33	-13	-0	37	38	24
Net profit	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-236	0	-87	151	0	0	12	0	0	0	-36	0	0	113
EPS ₹	1.38	0.50	2.18	-5.07	2.21	1.74	1.08	-0.19	1.92	0.33	-0.47	0.12	2.56	0.50	-4.81	-2.48	-1.78	3.08	4.23	-0.18	0.25	0.93	2.75	-0.80	-0.73	2.76	3.09	2.31
Revenue YoY	—	—	—	—	—	-13.3%	-21.4%	-1.8%	-7.0%	16.3%	73.3%	50.0%	145.2%	83.1%	41.1%	-21.7%	-16.2%	—	-15.7%	0.8%	-22.4%	-22.8%	-15.7%	-30.6%	54.0%	17.3%	-2.5%	27.3%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-100.0%	—	—	-396.7%	—	—	—

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

National Fertilizers Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	7,323	6,725	8,029	8,525	7,776	7,667
Operating profit	330	42	139	382	556	559
Operating margin	4.5%	0.6%	1.7%	4.5%	7.1%	7.3%
Other income	20	32	33	37	36	40
Interest	74	130	204	301	228	190
Depreciation	91	118	129	73	80	85
Profit before tax	184	-231	-161	45	283	325
Tax	57	-60	-71	18	86	117
Net profit	127	-171	-90	26	197	208

Quarters

showing latest 8 of 38 periods

	SEP '07†	DEC '07†	JUN '08†	SEP '08†	DEC '08†	JUN '09†	SEP '09†	DEC '09†	JUN '10†	SEP '10†	DEC '10†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	1,078	1,167	1,106	1,818	1,267	860	1,471	1,461	1,166	1,563	1,472	1,421	1,763	2,051	2,088	1,808	1,948	1,820	1,150	1,549	2,006	2,482	1,992	2,162	2,324	2,483	1,556	1,547	2,256	2,332	1,642	1,376	1,902	2,527	1,863	1,876	2,133	2,841
Operating profit	66	78	61	119	89	58	113	76	47	81	94	32	44	124	130	-31	53	23	-4	-42	26	96	59	97	166	175	-56	62	164	201	129	85	139	170	165	86	165	113
Operating margin	6.2%	6.7%	5.5%	6.5%	7.0%	6.8%	7.7%	5.2%	4.0%	5.2%	6.4%	2.3%	2.5%	6.0%	6.2%	-1.7%	2.7%	1.3%	-0.3%	-2.7%	1.3%	3.9%	3.0%	4.5%	7.2%	7.0%	-3.6%	4.0%	7.3%	8.6%	7.9%	6.2%	7.3%	6.7%	8.9%	4.6%	7.7%	4.0%
Other income	16	13	23	17	3	4	6	4	4	3	5	3	2	2	12	6	9	10	7	7	8	11	7	6	8	9	14	6	6	11	13	10	12	7	12	8	10	48
Interest	2	2	12	15	9	4	2	1	1	3	1	8	9	24	34	30	21	28	52	48	39	65	52	58	64	69	110	66	40	48	74	71	45	37	36	40	55	48
Depreciation	23	19	21	30	23	22	26	21	23	21	22	22	24	21	24	23	32	31	31	32	35	30	32	19	26	19	9	23	19	19	20	24	18	25	18	14	16	26
Profit before tax	57	70	52	91	60	36	92	58	27	61	76	6	13	81	84	-77	9	-26	-137	-114	-41	11	-17	26	84	96	-161	-21	111	145	48	0	88	115	122	40	103	87
Tax	17	23	16	34	21	12	34	22	9	18	25	0	4	26	27	-25	8	-13	-30	-37	-15	-12	-8	8	22	49	-60	-8	57	21	17	1	41	42	33	14	37	35
Net profit	40	47	36	57	39	24	58	37	18	43	51	6	9	55	57	-52	1	-12	-107	-77	-26	23	-10	18	62	47	-101	-13	54	124	31	-1	47	73	89	26	67	52
EPS ₹	0.82	0.96	0.73	1.17	0.79	0.49	1.18	0.75	0.36	0.88	1.04	0.12	0.19	1.12	1.16	-1.06	0.02	-0.25	-2.18	-1.57	-0.53	0.47	-0.20	0.37	1.26	0.10	-2.05	-0.26	1.10	2.53	0.64	-0.01	0.89	1.43	1.81	0.53	1.36	1.07
Revenue YoY	—	—	—	68.6%	8.6%	-22.3%	-19.1%	15.3%	35.6%	6.3%	0.8%	21.9%	12.8%	39.3%	—	27.2%	10.5%	-11.3%	-44.9%	-14.3%	3.0%	36.4%	73.2%	39.6%	15.8%	0.0%	-21.9%	-28.4%	-2.9%	-6.1%	5.5%	-11.1%	-15.7%	8.4%	13.5%	36.4%	12.1%	12.4%
Profit YoY	—	—	—	42.8%	-17.3%	-33.7%	0.7%	-5.6%	-25.3%	-25.3%	38.7%	-66.4%	-78.8%	7.6%	—	-969.7%	-91.9%	-122.7%	-288.2%	—	-3600.0%	—	—	—	—	104.3%	—	-171.0%	-12.4%	164.3%	—	—	-14.0%	-41.1%	183.1%	—	43.5%	-28.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 21 periods

	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	—	—	—	—	—	—	—	—	—	0.0%	-7.8%	2.5%	2.5%	6.4%	0.5%	0.4%	0.4%	-1.4%	-1.4%	-1.3%	2.7%
ROCE	—	—	—	—	—	—	—	—	—	5.5%	-6.9%	5.4%	7.2%	16.1%	12.2%	7.0%	6.3%	4.1%	5.8%	7.1%	9.6%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.7%	0.3%	0.3%	0.7%	0.1%	0.1%	0.1%	-0.2%	-0.2%	-0.2%	0.3%
EBITDA margin	7.5%	8.7%	8.9%	7.7%	5.9%	4.9%	3.6%	3.6%	3.9%	3.4%	-0.3%	2.7%	3.2%	4.2%	3.7%	3.1%	3.3%	2.9%	3.5%	3.9%	4.5%
Debt / equity	—	—	—	—	—	—	—	—	—	2.74	0.55	1.60	1.60	0.55	0.55	0.73	0.73	1.77	1.77	1.39	1.39
Interest coverage	0.99	1.24	1.07	2.18	1.86	1.84	1.53	2.09	2.91	2.32	-0.85	1.33	1.89	2.33	1.82	1.46	1.62	1.66	1.99	1.93	2.32
Asset turnover	—	—	—	—	—	—	—	—	—	1.51	2.33	2.10	2.11	2.32	2.14	2.13	1.96	1.55	1.63	1.84	1.92

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 8 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	491	491	491	491	491	491	491	491
Other equity / reserves	1,699	2,051	1,707	2,064	2,055	2,225	2,074	2,350
Total equity	2,190	2,542	2,198	2,554	2,546	2,716	2,564	2,841
Borrowings	6,003	3,991	1,203	4,088	1,409	1,996	4,532	3,959
Current liabilities	10,185	7,412	6,452	6,780	5,332	4,909	9,118	7,380
Non-current liabilities	2,700	2,580	1,887	1,872	1,763	1,686	1,602	1,504
Total assets	15,075	12,533	10,537	11,206	9,641	9,311	13,284	11,724
Property, plant & equipment	4,155	3,966	3,938	3,829	3,733	3,645	3,582	3,494
Capital work-in-progress	150	147	186	208	228	172	180	161
Investments	261	259	308	345	400	443	410	496
Inventories	2,987	3,070	2,311	1,750	999	911	3,010	1,085
Receivables	6,817	4,119	1,584	4,037	2,410	3,273	5,041	5,411
Cash & equivalents	23	12	1,429	29	57	18	56	55

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-1,029	-333	668	2,590	-1,342
Cash from investing	-129	-206	-334	-268	-263
Cash from financing	1,145	526	-318	-2,334	1,643
Capex	297	208	292	204	228
Free cash flow	-1,326	-541	376	2,386	-1,570
Dividends paid	0	0	137	13	77

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹3,494 cr30%

CWIP

₹161 cr1%

Investments

₹496 cr4%

Inventories

₹1,085 cr9%

Receivables

₹5,411 cr46%

Cash & equivalents

₹55 cr0%

Other assets

₹1,023 cr9%

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%
National Fertilizers Limited	3,042	62.01	39.2	1.07	2.7%

StoxGud checklist: Bearish setup · 2/10

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-2.7%

6 months-21.3%

1 year-34.8%

3Y CAGR-3.8%

5Y CAGR+2.0%

10Y CAGR+6.1%

50-day avg₹64.87

200-day avg₹72.48

RSI (14)47

FAQs

What is the share price of National Fertilizers Limited?

National Fertilizers Limited (NFL) closed at ₹62.01 on NSE on 06 Nov 2026.

What is the market cap of National Fertilizers Limited?

₹3,042 crore at the latest close.

What is the P/E ratio of National Fertilizers Limited?

39.2, on trailing-twelve-month earnings from its filings.

How fast is National Fertilizers Limited growing?

National Fertilizers Limited: revenue has compounded at -10.1% a year over three years. Latest-quarter revenue is up 27.3% year on year.

How profitable is National Fertilizers Limited?

On a trailing-twelve-month basis return on equity is 2.7%, return on capital employed 9.6%, operating margin 4.5%, net margin 0.3%.

How much debt does National Fertilizers Limited have?

National Fertilizers Limited is moderately geared: debt to equity is 1.39 with borrowings of ₹3,959 cr against cash of ₹55 cr (balance sheet of 2026-03-31). Operating profit covers interest 2.3 times.

Financials parsed from National Fertilizers Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.