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Dossier · Natural Biocon (India) Limited · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Natural Biocon (India) Limited is a Fertilizers & Agrochemicals company. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · standalone
FY22
FY23
FY24
FY25
FY26
Revenue
0
1
14
8
3
EBITDA (ex other income)
0
0
0
0
(0)
margin %
18.4
19.8
1.7
0.7
(1.5)
Owners' profit
0
0
0
0
(0)
EPS, as reported (₹)
0.01
0.02
0.01
0.02
(0.02)
ROE % · ROCE %
0.5 · 0.7
1.5 · 2.0
1.2 · 1.8
0.1 · 0.2
(0.1) · (0.1)
Debt / equity (x)
0.01
0.01
0.01
0.01
0.01
Cash from operations
0
0
(0)
0
0
Capex
(0)
0
0
0
0
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Natural Biocon (India) Limited · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q1 FY25
Q2 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
1
5
1
2
0
0
1
0
Profit before tax
0
0
(0)
0
(0)
(0)
(0)
(0)
Net profit
0
0
(0)
0
(0)
(0)
(0)
(0)
EPS (₹)
0.01
0.02
(0.19)
0.05
(0.02)
(0.02)
(0.04)
0.00
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
UPL LIMITED
43,856
21.5
1.06
6.0
5.4
5.5
6.0
16.3
PI INDUSTRIES LTD
31,709
27.2
2.82
15.0
11.8
14.5
8.0
25.3
SUMITOMO CHEM INDIA LTD
16,936
29.2
4.99
21.1
16.0
20.8
4.1
28.9
BAYER CROPSCIENCE LTD
14,727
21.4
4.97
—
23.2
27.3
—
22.7
SHARDA CROPCHEM LTD.
5,819
9.3
1.86
4.7
21.7
25.2
17.1
20.5
DHANUKA AGRITECH LTD
3,842
13.2
2.74
8.6
21.2
27.0
12.7
27.4
RALLIS INDIA LTD
3,610
22.5
2.13
12.2
9.7
12.5
—
0.9
NACL INDUSTRIES LIMITED
2,645
221.4
3.87
33.4
0.7
1.4
5.9
11.3
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/B
0.1
2.1
1 of 28
100%
ROCE
(0.1)
12.5
24 of 29
18%
ROE
(0.1)
9.2
23 of 28
19%
Debt / Equity
0.0
0.3
5 of 29
86%
Revenue growth
(100.0)
(0.8)
28 of 28
0%
Profit growth
(108.4)
18.1
27 of 28
4%
Market cap
5
1362
29 of 29
0%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Natural Biocon (India) Limited · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
14 Oct 2026 · Routine SEBI Depository Certificate filing for Sep 2026 quarter
compliance
minimal
—
—
1 Oct 2026 · MD and Company Secretary resign; earlier director appointments withdrawn
management changes
critical
—
—
26 Sept 2026 · Managing Director Arun Kumar Prajapati resigns from Natural Biocon
management changes
critical
—
—
26 Sept 2026 · Company Secretary Shruti Sharma resigns
management changes
medium
—
—
9 Sept 2026 · Board appoints 4 new directors, accepts resignations of 3
management changes
medium
—
—
5 Sept 2026 · Board approves 34th AGM on Sep 30, appoints two independent directors
board shareholder meetings
low
—
—
1 Sept 2026 · Board meeting on Sept 5, 2026 to approve AGM notice and related items
board shareholder meetings
low
—
—
11 Aug 2026 · Board Meeting on Aug 14, 2026 for Q1 FY27 Results and Auditor Change
results
low
—
—
14 Jul 2026 · Two directors resign from Natural Biocon board
management changes
high
—
—
11 Jul 2026 · RTA files quarterly compliance certificate under SEBI Regulation 74(5)
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
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Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
an event is a fact; a rating is an opinion that requires SEBI RA registration
A target price and upside
The current price and the multiples against the group
a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in