National Fertilizers share price & results
- Jun 2026
- Sept 2026
India's 2nd largest urea producer — a Govt-owned CPSE with 5 plants and 2,700+ dealers pan-India.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,500 | +27.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.0 | +3.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 71.0 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 13.10 | +1.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -7.27 | −19.5 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 23.27 | +24.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −35.5% 1Y
1Y: ₹93.75 on 24 Oct 2025 → ₹60.5. High ₹95.45 (4 Nov 2025), low ₹57.12 (23 Oct 2026).
- Previous close
- ₹57.14
- Market cap
- ₹2.8k Cr
- 52-week range
- ₹57.12 – ₹95.45
- One year
- −35.28%
- Price to earnings (TTM to Jun 2026)
- 7.70×
- Return on equity (TTM to Jun 2026)
- 13.10%
Overview
- Symbol
- NSE:NFL
- Sector
- Chemicals
- Industry
- Commodities
- Exchange
- NSE
- Currency
- INR
What National Fertilizers Limited does
Based on the company's own presentations, annual report and earnings calls.
National Fertilizers Limited (NFL) is a Central Public Sector Enterprise under the Government of India that manufactures and markets urea and other fertilizers under its established 'Kisan' brand. It operates five urea manufacturing plants — at Nangal and Bathinda in Punjab, Panipat in Haryana, and Vijaipur-I and Vijaipur-II in Madhya Pradesh — and also produces industrial chemicals such as nitric acid, ammonium nitrate, sodium nitrate and sodium nitrite. Beyond its own manufacturing, NFL trades in other fertilizers (DAP, MOP, NPK and related agri-inputs) and markets 100% of the urea produced by its joint-venture plant, Ramagundam Fertilizers and Chemicals Limited (RFCL), in Telangana. It sells through a pan-India network of a central marketing office, four zonal offices and thousands of dealers, reaching farmers across 20 states and 3 union territories.
Segments
- Own Fertilizers
- Fertilizer Trading
- Other Products and Services
- Market position
- 2nd largest urea producer in India
- Manufacturing plants
- 5 urea plants — Nangal & Bathinda (Punjab), Panipat (Haryana), Vijaipur-I & Vijaipur-II (Madhya Pradesh)
- Installed urea capacity
- 32.33 LMT per annum across its 5 plants
- Dealer network
- 2,700+ dealers
- Geographic reach
- 20 states and 3 Union Territories
- Marketing office network
- 1 Central Marketing Office (Noida) and 4 Zonal Marketing Offices (Chandigarh, Lucknow, Bhopal, Hyderabad)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +322% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,390 | 5,856 | 4,457 | 3,534 | 6,763 | 6,870 | 4,347 | 4,500 |
| Expenses | 4,265 | 5,710 | 4,222 | 3,446 | 6,635 | 6,574 | 4,026 | 4,234 |
| Operating profit | 125 | 146 | 234 | 89 | 128 | 296 | 321 | 267 |
| Operating margin | 2.9% | 2.5% | 5.0% | 2.5% | 1.9% | 4.3% | 7.0% | 6.0% |
| Other income | 14 | 32 | 25 | 9 | 15 | 17 | 12 | 11 |
| Interest | 60 | 41 | 35 | 46 | 55 | 72 | 77 | 79 |
| Depreciation | 93 | 94 | 95 | 96 | 99 | 110 | 100 | 104 |
| Profit before tax | -14 | 42 | 130 | -45 | -10 | 131 | 157 | 95 |
| Tax rate | −23.0% | 26.0% | 25.0% | −28.0% | −1.0% | 28.0% | 25.0% | 26.0% |
| Net profit | -11 | 31 | 97 | -32 | -10 | 94 | 118 | 71 |
| EPS (₹ per share) | -0.22 | 0.63 | 1.98 | -0.65 | -0.21 | 1.91 | 2.41 | 1.45 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 29,603 | 23,564 | 19,795 | 21,514 |
| Expenses | 28,581 | 22,945 | 19,182 | 20,681 |
| Operating profit | 1,022 | 619 | 612 | 834 |
| Other income | 245 | 98 | 91 | 53 |
| Interest | 302 | 267 | 226 | 250 |
| Depreciation | 353 | 361 | 373 | 405 |
| Profit before tax | 613 | 88 | 104 | 233 |
| Net profit | 458 | 65 | 76 | 170 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 491 | 491 | 491 | 491 | 491 | 491 |
| Reserves | 1,824 | 2,283 | 2,211 | 2,273 | 2,074 | 2,357 |
| Borrowings | 3,172 | 3,993 | 4,091 | 2,001 | 4,537 | 3,964 |
| Other liabilities | 5,244 | 6,002 | 4,563 | 4,599 | 6,183 | 4,923 |
| Total liabilities | 10,730 | 12,768 | 11,355 | 9,364 | 13,284 | 11,734 |
| Fixed assets | 4,230 | 3,969 | 3,831 | 3,694 | 3,626 | 3,534 |
| Capital work in progress | 138 | 178 | 242 | 172 | 180 | 161 |
| Investments | 491 | 491 | 491 | 491 | 410 | 502 |
| Other assets | 5,870 | 8,131 | 6,791 | 5,007 | 9,068 | 7,538 |
| Total assets | 10,730 | 12,768 | 11,355 | 9,364 | 13,284 | 11,734 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 7,034 | -826 | -335 | 583 | 2,485 | -1,384 |
| Cash from investing | -509 | -333 | -203 | -249 | -163 | -222 |
| Cash from financing | -6,505 | 1,145 | 526 | -318 | -2,334 | 1,643 |
| Net cash flow | 20 | -14 | -13 | 16 | -12 | 37 |
| Free cash flow | 6,620 | -1,119 | -543 | 300 | 2,313 | -1,606 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 81 | 65 | 51 | 63 | 60 | 92 |
| Inventory days | 25 | 90 | 57 | 41 | 28 | 29 |
| Days payable | 42 | 58 | 33 | 31 | 46 | 40 |
| Cash conversion cycle | 64 | 97 | 75 | 72 | 42 | 81 |
| Working capital days | 4 | 3 | 7 | -3 | 0 | 0 |
| Return on capital employed | 9.0% | 6.0% | 15.0% | 5.0% | 6.0% | 8.0% |
| Dividend payout | 0.0% | 0.0% | 30.0% | 20.0% | 100.0% | 30.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Own Fertilizers contributes 69.1% of reported segment revenue.
Year ended 31 Mar 2021 · Consolidated
- Own Fertilizers 69.1%
₹8,275.96 crore
- Fertilizer Trading 27.4%
₹3,276.33 crore
- Other Products and Services 3.3%
₹389.35 crore
- Eliminations 0.3%
₹35.98 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Own Fertilizers | 8,275.96 | 69.1% |
| Fertilizer Trading | 3,276.33 | 27.4% |
| Other Products and Services | 389.35 | 3.3% |
| Eliminations | 35.98 | 0.3% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹11,977.62 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹11,977.62 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 74.71% as of Sept 2026; institutions cut 0.14 pts since Jun 2026.
- Promoters 74.71%
- Foreign institutions 0.51%
- Domestic institutions 4.81%
- Public 19.96%
Who is on the register
Named in the Sep 2026 filing
Every holder of National Fertilizers Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 74.71% | unchanged | |
| Insurer | 3.52% | −0.07 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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