Companies›Commodities›Chemicals›Fertilizers & Agrochemicals
NSE:NFL

NATIONAL FERT. LTD

Chemicals › Fertilizers & Agrochemicals·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKET
₹59.19
at close · 28 Oct 2026
▼ 2.00 (-3.27%)
ThemesDrones & UAVs· mention

Latest filings

  1. Routine compliance certificate for share dematerialization Q2 · Compliance
  2. Notice on special window for physical shares dematerialisation · Compliance
  3. NFL reports nil commercial paper issuance for Q2 FY27 · Compliance
All filings ↓
Ask Nexa about NATIONAL FERT. LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells fertilizers — urea, bentonite sulphur and bio-fertilizers — to the agriculture sector, with this segment contributing 60.2% of FY26 segment revenue at Rs 12,958.13 crore. Also imports and trades fertilizers under the government's Nutrient Based Subsidy (NBS) scheme (DAP and TSP), making up 29.8% of segment revenue at Rs 6,413.83 crore. A smaller manufactured chemicals line (industrial products and agro-chemicals) contributes 2.4% at Rs 523.79 crore, while domestic traded agro inputs and related sale services add another 8.4% at Rs 1,807.57 crore. The largest input cost is materials at 31.5% of revenue, with employee cost at 2.9% and other operating expenses at 29.1%. During FY26, the company recognised subsidy income of Rs 1,479.97 crore on DAP and TSP fertilisers under Department of Fertilizers guidelines. It is a Government of India Navratna PSU operating under the Ministry of Chemicals & Fertilizers.

Revenue mix · reported segments
Manufactured Fertilizers60.2%
Traded Imported Fertilizers (Under NBS)29.8%
Others - Domestic Traded Products, Agro Inputs, Sale Services8.4%
Manufactured Chemicals2.4%
Operating scale
FY26 revenue from operations
Rs 21,514.18 croreFY26
Manufactured Fertilizers revenue
Rs 12,958.13 croreFY26
Traded Imported Fertilizers (NBS) revenue
Rs 6,413.83 croreFY26
Subsidy income recognised on DAP and TSP
Rs 1,479.97 croreFY26
Long-term credit rating
ICRA AA (Stable) on Rs 9,000 crore cash creditMay 2026
Short-term credit rating
ICRA A1+ on Rs 9,600 crore non-fund based and Rs 4,000 crore CPMay 2026
Who pays it
Farmers and the Indian agriculture sector, with sales routed through the government's Nutrient Based Subsidy (NBS) scheme for eligible fertilisers.
Biggest cost
Materials (raw inputs such as natural gas for urea production) at 31.5% of revenue
Kind of business
Asset-heavy, subsidy-dependent fertiliser manufacturer and importer
Where it sits
Government of India Navratna PSU under the Ministry of Chemicals & Fertilizers, Department of Fertilisers
Market Cap
₹2,904 Cr
P / E (TTM)
8.0×
EV / EBITDA
6.4×
Div Yield
2.64%
Growth
12.6%▲
Revenue 5y CAGR
PAT -2.3% · EBITDA -1.3%
Quality
8.0%·
ROCE (5y median)
ROE 6.8% (5y median) · margin 4.1%
Leverage
1.39·
Debt / Equity · moderate
Net debt ₹3,904 Cr
Revenue FY21→FY26
1.8×▲
Margin −1.0 pts
₹11,906 Cr → ₹21,514 Cr
Cash conversion
0.61×·
Operating cash ÷ profit · 5 yrs
₹554 Cr on ₹909 Cr
Moves on a normal day
0.96%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 22 Fertilizers peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#8/20
P/B#13/23
ROCE#16/23
ROE#13/23
Debt / Equity#20/23
EBITDA margin#16/21
Revenue growth#6/21
Profit growth#2/23

Scorecard

Measured from the filed financials, judged against its Fertilizers peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Pays out 36% of profit as dividend
Concerns
Profit shrinking over 5 years (−2% a year)
Carries more debt than its peers — 1.39× equity
higher than 86% of its 23 Fertilizers peers

Charts

How has the market priced it — with filings on the timeline?

NFL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

Loading peers…

Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

Loading financials…

Ownership

Who owns it — and is the promoter stake clean?

Loading shareholding…

Sign up to see the full company file

Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.

Common questions

Answered from NATIONAL FERT. LTD's filed financials and exchange disclosures

What does NATIONAL FERT. LTD do?

NATIONAL FERT. LTD is a Fertilizers & Agrochemicals company listed on NSE and BSE, trading under the symbol NFL.

Is NATIONAL FERT. LTD profitable?

Yes. Over the trailing twelve months NATIONAL FERT. LTD reported a net profit of ₹364 Cr on revenue of ₹22,480 Cr.

Does NATIONAL FERT. LTD pay a dividend?

Yes. The dividend yield is 2.64% at the current price. It paid out 36% of its profit as dividend in FY26.

Is NATIONAL FERT. LTD debt-free?

No. It reported borrowings of ₹3,959 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹3,904 Cr after cash. Debt stands at 1.39× equity. That is higher than 86% of its 23 Fertilizers peers.

Is NATIONAL FERT. LTD expensive compared with its peers?

On trailing P/E, NATIONAL FERT. LTD ranks 8 of 20 in Fertilizers — cheaper than 63% of them, against an industry median of 10.7×. This is a position, not a valuation judgement.

How much does the NATIONAL FERT. LTD share price move in a day?

On a typical session NATIONAL FERT. LTD moves 0.96% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track NATIONAL FERT. LTD's announcements?

Every NSE and BSE filing by NATIONAL FERT. LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.