NFL

National Fertilizers share price & financials

Price
₹77.86
Market cap
₹3.4k Cr
Sector
Chemicals

What National Fertilizers Limited does

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)
Founded 1974Headquarters New Delhi Company website

Quarterly results

Q1 FY27: revenue up 27.3%, net profit up 389.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,390 5,856 4,457 3,534 6,763 +54%6,870 +17%4,347 −2%4,500 +27%
EBITDA125 146 234 81 103 −18%296 +103%321 +37%267 +230%
Net profit12 46 135 -39 -36 −400%135 +193%152 +13%113 +390%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −30.0% 1Y

₹70₹80₹90₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹97.79 on 10 Sept 2025 → ₹68.49. High ₹99.36 (16 Sept 2025), low ₹64.52 (30 Mar 2026).

Financials, as filed

Revenue fell 10.1% a year over 3 years, FY23 to FY26. Operating margin held at 3.7%.

Year endingFY23FY24FY25FY26
Revenue₹29.6k Cr₹23.6k Cr₹19.8k Cr₹21.5k Cr
Operating profit₹1.0k Cr₹630 Cr₹612 Cr₹801 Cr
Operating margin3.5%2.7%3.1%3.7%
Interest₹302 Cr₹267 Cr₹226 Cr₹250 Cr
Depreciation₹353 Cr₹361 Cr₹373 Cr₹405 Cr
Net profit₹458 Cr₹151 Cr₹184 Cr₹212 Cr
Net margin1.5%0.6%0.9%1.0%
Cash from operations₹-333 Cr₹668 Cr₹2.6k Cr₹-1.3k Cr
Free cash flow₹-540 Cr₹386 Cr₹2.4k Cr₹-1.6k Cr
ROCE16.0%7.0%8.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹491 Cr₹491 Cr₹491 Cr₹491 Cr₹491 Cr₹491 Cr
Reserves₹1.6k Cr₹1.6k Cr₹2.1k Cr₹2.1k Cr₹2.1k Cr₹2.4k Cr
Borrowings₹1.9k Cr₹3.2k Cr₹4.0k Cr₹4.1k Cr₹4.5k Cr₹4.0k Cr
Other liabilities₹4.4k Cr₹5.2k Cr₹6.0k Cr₹4.6k Cr₹6.2k Cr₹4.9k Cr
Total liabilities₹8.4k Cr₹10.5k Cr₹12.5k Cr₹11.2k Cr₹13.3k Cr₹11.7k Cr
Fixed assets₹3.6k Cr₹4.2k Cr₹4.0k Cr₹3.8k Cr₹3.6k Cr₹3.5k Cr
Capital work in progress₹862 Cr₹138 Cr₹178 Cr₹242 Cr₹180 Cr₹161 Cr
Investments₹416 Cr₹257 Cr₹259 Cr₹336 Cr₹410 Cr₹496 Cr
Other assets₹3.5k Cr₹5.9k Cr₹8.1k Cr₹6.8k Cr₹9.1k Cr₹7.5k Cr
Total assets₹8.4k Cr₹10.5k Cr₹12.5k Cr₹11.2k Cr₹13.3k Cr₹11.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −1.29 pp while the public added +1.23 pp. The shareholder count shrank 9% to 2,84,253.

Promoters
74.7%
FIIs
0.5%
DIIs
4.9%
Public
19.8%

Since Jun 2025

  • DIIs −1.29 pp
  • Public +1.23 pp
  • FIIs +0.05 pp

How it drifted, 12 quarters

Over this window DIIs fell from 9.9% to 4.9% — −5.0 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.7%, FIIs 0.4%, DIIs 9.9%, Public 15.0%.Dec '23: Promoters 74.7%, FIIs 1.1%, DIIs 8.5%, Public 15.7%.Mar '24: Promoters 74.7%, FIIs 0.5%, DIIs 8.4%, Public 16.4%.Jun '24: Promoters 74.7%, FIIs 0.4%, DIIs 7.5%, Public 17.4%.Sep '24: Promoters 74.7%, FIIs 0.4%, DIIs 7.3%, Public 17.6%.Dec '24: Promoters 74.7%, FIIs 0.4%, DIIs 7.3%, Public 17.6%.Mar '25: Promoters 74.7%, FIIs 0.6%, DIIs 6.8%, Public 17.9%.Jun '25: Promoters 74.7%, FIIs 0.5%, DIIs 6.2%, Public 18.6%.Sep '25: Promoters 74.7%, FIIs 0.9%, DIIs 6.0%, Public 18.4%.Dec '25: Promoters 74.7%, FIIs 1.1%, DIIs 5.9%, Public 18.3%.Mar '26: Promoters 74.7%, FIIs 0.7%, DIIs 5.5%, Public 19.1%.Jun '26: Promoters 74.7%, FIIs 0.5%, DIIs 4.9%, Public 19.8%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of National Fertilizers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
President Of India 74.71%unchanged
Life Insurance Corporation Of India Insurer3.59%−0.53 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.

Learn to analyse National Fertilizers Limited

Guides on how to read this kind of business and the numbers that matter.