Announced Mon, 19 May · 14:56 IST

Madhya Bharat Agro Products Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementAnalyst Day Multiyear TargetsInvestor Communications View source PDF

MBAPL · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Madhya Bharat Agro Products, a phosphatic fertilizer company, reported FY25 revenue of Rs.1,059 crore, up 29.7% YoY, with EBITDA of Rs.146 crore (margin 13.7%) and PAT of Rs.57 crore, more than doubling from last year. Q4 FY25 revenue jumped 103.7% YoY to Rs.297 crore, with PAT surging nearly 10x to Rs.14 crore, driven by strong 17% volume growth versus the industry's 7.5%. The company holds 9% and 19% market share for SSP in Madhya Pradesh and Chhattisgarh respectively. Management guided for 15% revenue growth in FY26 with stable-to-improving margins, supported by new product launches (Annadata Urea SSP, Super 6, Zibo) and a recently expanded phosphoric acid facility. A major Rs.550 crore Greenfield DAP/NPK plant in Dhule, Maharashtra is on track for October 2026 commissioning, expected to add Rs.400 crore in FY27 and up to Rs.1,000 crore at peak utilization. A QIP fundraising is also underway.

Likely market impact

Strong FY25 results and clear multi-year growth visibility from capacity expansion (Dhule plant) could be positive for the stock. However, rising net debt (Rs.307 crore) and subsidy receivables (Rs.127 crore) are working capital risks to watch. The planned QIP may lead to equity dilution.