NSE: NOVAAGRI · BSE: 544100
NOVA AGRITECH LIMITED
Makes and markets registered biostimulant products for agriculture, sold under a Fertiliser Marketing Authorization License. In FY26, consolidated revenue was Rs 261.5942 crore with net profit of Rs 12.8385 crore and an EBITDA margin of 10.5098%. Manufacturing and marketing of its registered biostimulant products was temporarily suspended because the Fertiliser Marketing Authorization License lapsed in June 2025 and was renewed only on 20 January 2026, which the company says explains the steep drop in standalone revenue from Rs 16,585.58 lakhs in FY25 to Rs 7,801.50 lakhs in FY26. Standalone PAT fell to Rs 393.92 lakhs from Rs 1,652.01 lakhs, while consolidated results absorbed the impact partly through subsidiaries. Materials account for the bulk of costs at 78.6% of revenue, with employees at 9.5%, other operating expenses at 11.6%, and depreciation at 1.9%. Operations have since resumed and biostimulants remain the core product line. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Biostimulant products. Agro-input business centred on biostimulants, dependent on regulatory licensing
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 252 | 294 | 262 |
| EBITDA (ex other income) | 44 | 43 | 27 |
| margin % | 17.6 | 14.5 | 10.4 |
| Owners' profit | 28 | 0 | 0 |
| EPS, as reported (₹) | 4.20 | 3.05 | 1.43 |
| ROE % · ROCE % | 14.7 · 20.9 | 12.5 · 19.3 | 5.5 · 9.5 |
| Debt / equity (x) | 0.32 | 0.25 | 0.22 |
| Cash from operations | 1 | (18) | 2 |
| Capex | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83 | 88 | 81 | 47 | 92 | 67 | 56 | 60 |
| Profit before tax | 10 | 14 | 9 | 4 | 9 | 3 | 1 | 4 |
| Net profit | 7 | 11 | 6 | 3 | 7 | 3 | 0 | 3 |
| EPS (₹) | 0.75 | 1.17 | 0.65 | 0.36 | 0.73 | 0.28 | 0.02 | 0.36 |
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. % |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL INTERNTL. LTD | 51,185 | 27.9 | 3.90 | 14.8 | 14.5 | 18.6 | 17.2 | 9.9 |
| FACT LTD | 43,742 | 1572.1 | 31.81 | 134.8 | 1.8 | 1.8 | — | (0.2) |
| PARADEEP PHOSPHATES LTD | 14,410 | 13.4 | 2.12 | 9.3 | 14.7 | 16.5 | — | 12.5 |
| CHAMBAL FERTILIZERS LTD | 14,379 | 7.5 | 1.38 | 5.4 | 18.8 | 20.7 | 10.3 | 17.5 |
| MADHYA BHARAT AGRO P. LTD | 7,309 | 11.4 | 13.30 | — | 27.3 | 16.6 | — | 17.1 |
| KRISHANA PHOSCHEM LIMITED | 6,510 | 8.2 | 11.61 | — | 32.1 | 30.2 | — | 17.9 |
| GUJ STATE FERT & CHEM LTD | 5,428 | 7.8 | 0.44 | 4.9 | 5.5 | 6.5 | 7.5 | 7.4 |
| RASHTRIYA CHEMICALS & FER | 5,330 | 11.9 | 1.04 | 7.8 | 8.3 | 8.2 | 17.4 | 7.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.1 | 10.5 | 16 of 20 | 21% |
| P/B | 0.8 | 0.9 | 10 of 23 | 59% |
| ROCE | 7.5 | 8.8 | 14 of 23 | 41% |
| ROE | 5.5 | 8.3 | 15 of 23 | 36% |
| Debt / Equity | 0.2 | 0.3 | 9 of 23 | 64% |
| EBITDA margin | 10.7 | 8.0 | 8 of 21 | 65% |
| Revenue growth | 28.4 | 16.3 | 5 of 21 | 80% |
| Profit growth | 0.1 | 6.4 | 13 of 23 | 46% |
| Market cap | 194 | 803 | 15 of 23 | 36% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · CARE downgrades Nova Agritech rating to BBB- Stable from BBB Negative | credit debt | medium | — | — |
| 7 Oct 2026 · Certificate of non-applicability of SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 28 Sept 2026 · AGM voting results: All 8 resolutions passed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Shareholders approve re-appointment of Whole-Time Director | management changes | medium | — | — |
| 28 Sept 2026 · Nova Agritech: Independent Director Ramesh Babu Nemani re-appointed for second term | management changes | medium | — | — |
| 28 Sept 2026 · Re-appointment of promoter as Whole-Time Director approved at 19th AGM | management changes | medium | — | — |
| 26 Sept 2026 · 19th AGM concludes; 8 resolutions tabled including director re-appointments | board shareholder meetings | medium | — | — |
| 24 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 15 Sept 2026 · Promoter Group member Atukuri Soujanya buys 5,000 Nova Agritech shares | ownership changes | low | — | — |
| 3 Sept 2026 · Nova Agritech files newspaper ad for 19th AGM notice dispatch | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | 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 | MarketPing publishes no forecasts — your own model lives on the Models page |
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.