National Fertilizers Ltd.

BSE: NFL523630ISIN INE870D01012

Commodities
Fertilizers
BSE 1000

Share price

₹61.28+1.43 (+2.39%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹95.90
52W low: ₹56.00
Off 52W high: -36.10%
1M return: -3.13%
3M return: -15.22%
6M return: -22.53%
1Y return: -35.77%
20D avg volume: 52,320
50 DMA: ₹65.24
200 DMA: ₹72.69

Key ratios Consolidated

Market cap: ₹3,006 Cr
Current price: ₹61.28
52W high / low: ₹95.90 / ₹56.00
Face value: ₹10.00
P/E: 8.25
P/B: 1.06
EPS (TTM): ₹7.43
Book value / share: ₹57.91
ROE: —
ROCE: 11.10%
Operating margin: —
Net margin: —
Debt / equity: 1.39
Net debt: ₹3,904 Cr
Interest cover: 1.93
Dividend yield: 1.70%
Dividend / share (TTM): ₹1.04
Payout: 14.00%
Cash conversion cycle: 85.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	4,500	4,347	6,870	6,763	3,534	4,457	5,856	4,390	5,092	5,284	7,581	5,660
	11.43	12.20	17.37	15.26	8.92	24.97	28.08	14.04	17.86	26.28	17.35	31.56
	4,512	4,359	6,887	6,778	3,543	4,481	5,884	4,404	5,110	5,311	7,598	5,691
	4,416	4,203	6,756	6,789	3,588	4,352	5,842	4,418	5,164	5,068	7,408	5,844
	2,123	1,728	1,818	1,765	1,471	1,556	1,802	1,948	1,903	1,909	2,086	1,882
	494.23	224.66	1,236	3,966	1,623	898.60	2,105	772.36	484.39	638.29	3,252	1,730
	165.87	134.11	180.56	141.27	167.52	144.20	149.35	152.07	164.24	162.10	154.49	160.42
	79.30	76.68	71.72	54.75	46.18	34.71	41.21	59.95	89.81	73.91	49.86	39.31
	103.60	99.80	110.45	99.02	96.08	94.70	94.27	92.83	91.20	91.72	92.42	90.43
	1,793	1,556	1,715	1,644	1,337	1,647	409.08	269.07	338.96	359.66	557.22	343.17
	95.34	156.66	131.07	-10.32	-44.74	129.88	41.92	-13.80	-53.92	242.47	190.23	-152.83
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	95.34	156.66	131.07	-10.32	-44.74	129.88	41.92	-13.80	-53.92	242.47	190.23	-152.83
	24.43	38.47	37.30	-0.11	-12.64	32.55	11.02	3.16	12.59	60.72	50.21	39.73
	113.38	151.54	135.20	-35.81	-39.44	134.79	45.81	12.07	-8.69	207.68	150.90	-87.10
	2.31	3.09	2.76	-0.73	-0.80	2.75	0.93	0.25	-0.18	4.23	3.08	-1.78
Key metrics
	278.24	333.14	313.24	143.45	97.52	259.29	177.40	138.98	127.09	408.10	332.51	-23.09
	6.20%	7.70%	4.60%	2.10%	2.80%	5.80%	3.00%	3.20%	2.50%	7.70%	4.40%	-0.40%
	2.50%	3.50%	2.00%	-0.50%	-1.10%	3.00%	0.80%	0.30%	-0.20%	3.90%	2.00%	-1.50%
	—	5.40%	—	1.10%	—	3.70%	—	—	—	—	—	—
	27.30%	-2.50%	17.30%	54.00%	-30.60%	-15.70%	-22.80%	-22.40%	—	—	—	—
	387.50%	12.40%	195.10%	-396.70%	-353.90%	-35.10%	-69.60%	113.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	22,480	21,514	19,794	23,560	29,617	15,857
	56.26	53.68	95.02	99.44	192.62	34.33
	22,537	21,568	19,890	23,660	29,809	15,891
	22,164	21,335	19,785	23,571	29,199	15,747
	7,434	6,782	7,236	7,612	10,663	6,219
	5,920	7,049	4,261	6,985	10,023	5,026
	621.81	623.50	610.00	635.29	659.14	648.90
	282.45	249.33	225.68	267.30	301.64	132.96
	412.87	405.35	373.00	361.68	352.84	334.55
	6,709	6,253	6,217	1,604	1,587	1,164
	372.75	232.67	104.08	88.52	609.77	144.82
	0.00	0.00	0.00	0.00	0.00	0.00
	372.75	232.67	104.08	88.52	609.77	144.82
	100.09	63.02	27.82	23.78	153.67	36.62
	364.31	211.49	183.98	150.05	458.33	-95.01
	7.43	4.31	3.75	3.06	9.34	-1.94
Key metrics
	1,068	887.35	702.76	717.50	1,264	612.33
	4.75%	4.10%	3.60%	3.00%	4.30%	3.90%
	1.62%	1.00%	0.90%	0.60%	1.50%	-0.60%
	—	11.10%	7.50%	—	—	—
	23.27%	8.70%	-16.00%	-20.40%	86.80%	—
	137.75%	15.00%	22.60%	-67.30%	582.40%	—
	—	-1,570	2,386	—	—	—
	—	-6.34	14.08	—	—	—
	—	1.39	0.73	—	—	—
	—	3,904	1,978	—	—	—
	—	85.1	48.9	—	—	—
Balance sheet
	—	11,724	9,311	—	—	—
	—	7,449	4,941	—	—	—
	—	55.18	17.81	—	—	—
	—	5,411	3,273	—	—	—
	—	1,085	910.53	—	—	—
	—	784.95	605.13	—	—	—
	—	3,494	3,645	—	—	—
	—	1,479	1,537	—	—	—
	—	7,380	4,909	—	—	—
	—	3,959	1,996	—	—	—
	—	3,959	1,996	—	—	—
	—	0.00	0.00	—	—	—
	—	2,841	2,716	—	—	—
Cash flow
	—	-1,342	2,590	—	—	—
	—	-263.44	-267.52	—	—	—
	—	1,643	-2,334	—	—	—
	—	227.86	204.03	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	4,500	4,347	6,870	6,763	3,534	4,457	5,856	4,390	5,092	5,284	7,581	5,660
	11.43	12.20	17.37	15.26	8.92	24.97	28.08	14.04	17.86	26.28	17.35	31.56
	4,512	4,359	6,887	6,778	3,543	4,481	5,884	4,404	5,110	5,311	7,598	5,691
	4,416	4,203	6,756	6,789	3,588	4,352	5,842	4,418	5,164	5,068	7,408	5,844
	2,123	1,728	1,818	1,765	1,471	1,556	1,802	1,948	1,903	1,909	2,086	1,882
	494.23	224.66	1,236	3,966	1,623	898.60	2,105	772.36	484.39	638.29	3,252	1,730
	165.87	134.11	180.56	141.27	167.52	144.20	149.35	152.07	164.24	162.10	154.49	160.42
	79.30	76.68	71.72	54.75	46.18	34.71	41.21	59.95	89.81	73.91	49.86	39.31
	103.60	99.80	110.45	99.02	96.08	94.70	94.27	92.83	91.20	91.72	92.42	90.43
	1,793	1,556	1,715	1,644	1,337	1,647	409.08	269.07	338.96	359.66	557.22	343.17
	95.34	156.66	131.07	-10.32	-44.74	129.88	41.92	-13.80	-53.92	242.47	190.23	-152.83
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	95.34	156.66	131.07	-10.32	-44.74	129.88	41.92	-13.80	-53.92	242.47	190.23	-152.83
	24.43	38.47	37.30	-0.11	-12.64	32.55	11.02	3.16	12.59	60.72	50.21	39.73
	70.91	118.19	93.77	-10.21	-32.10	97.33	30.90	-10.64	-41.33	181.75	140.02	-113.10
	1.45	2.41	1.91	-0.21	-0.65	1.98	0.63	-0.22	-0.84	3.70	2.85	-2.31
Key metrics
	278.24	333.14	313.24	143.45	97.52	259.29	177.40	138.98	127.09	408.10	332.51	-23.09
	6.20%	7.70%	4.60%	2.10%	2.80%	5.80%	3.00%	3.20%	2.50%	7.70%	4.40%	-0.40%
	1.60%	2.70%	1.40%	-0.20%	-0.90%	2.20%	0.50%	-0.20%	-0.80%	3.40%	1.80%	-2.00%
	—	5.40%	—	1.00%	—	3.70%	—	—	—	—	—	—
	27.30%	-2.50%	17.30%	54.00%	-30.60%	-15.70%	-22.80%	-22.40%	—	—	—	—
	320.90%	21.40%	203.50%	4.00%	22.30%	-46.40%	-77.90%	90.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	22,480	21,514	19,794	23,560	29,617	15,857
	56.26	53.68	95.02	99.44	192.62	34.33
	22,537	21,568	19,890	23,660	29,809	15,891
	22,164	21,335	19,785	23,571	29,199	15,747
	7,434	6,782	7,236	7,612	10,663	6,219
	5,920	7,049	4,261	6,985	10,023	5,026
	621.81	623.50	610.00	635.29	659.14	648.90
	282.45	249.33	225.68	267.30	301.64	132.96
	412.87	405.35	373.00	361.68	352.84	334.55
	6,709	6,253	6,217	1,604	1,587	1,164
	372.75	232.67	104.08	88.52	609.77	144.82
	0.00	0.00	0.00	—	—	—
	372.75	232.67	104.08	88.52	609.77	144.82
	100.09	63.02	27.82	23.78	153.67	36.62
	272.66	169.65	76.26	64.74	456.10	108.20
	5.56	3.46	1.55	1.32	9.30	2.21
Key metrics
	1,068	887.35	702.76	717.50	1,264	612.33
	4.75%	4.10%	3.60%	3.00%	4.30%	3.90%
	1.21%	0.80%	0.40%	0.30%	1.50%	0.70%
	—	11.10%	7.40%	—	—	—
	23.27%	8.70%	-16.00%	-20.40%	86.80%	—
	218.94%	122.50%	17.80%	-85.80%	321.50%	—
	—	-1,611	2,278	—	—	—
	—	-8.16	32.55	—	—	—
	—	1.39	0.72	—	—	—
	—	3,904	1,978	—	—	—
	—	85.1	48.9	—	—	—
Balance sheet
	—	11,730	9,359	—	—	—
	—	7,449	4,941	—	—	—
	—	55.18	17.81	—	—	—
	—	5,411	3,273	—	—	—
	—	1,085	910.53	—	—	—
	—	784.95	605.13	—	—	—
	—	3,494	3,645	—	—	—
	—	1,479	1,537	—	—	—
	—	7,380	4,909	—	—	—
	—	3,959	1,996	—	—	—
	—	3,959	1,996	—	—	—
	—	0.00	0.00	—	—	—
	—	2,847	2,764	—	—	—
Cash flow
	—	-1,384	2,482	—	—	—
	—	-221.60	-159.80	—	—	—
	—	1,643	-2,334	—	—	—
	—	227.86	204.03	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: -10.11%
Sales CAGR 5Y: —
Profit CAGR 3Y: -28.08%
Profit CAGR 5Y: —
Sales YoY (TTM): +23.27%
Profit YoY (TTM): +218.94%

Consolidated

Sales CAGR 3Y: -10.11%
Sales CAGR 5Y: —
Profit CAGR 3Y: -22.73%
Profit CAGR 5Y: —
Sales YoY (TTM): +23.27%
Profit YoY (TTM): +137.75%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.71%

Holder	Type	Holding	Previous	Change
President of India	Promoter	74.71%	—	—
Life Insurance Corporation of India	Public	3.52%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Coromandel International Limited	56,281	1,835.00	30.45	21.10%	+23.50% TTM	-20.87% TTM	-15.31%
Fertilizers and Chemicals Travancore Limited	49,184	763.60	—	—	—	—	-14.87%
Chambal Fertilisers & Chemicals Ltd	15,577	394.10	8.26	20.70%	+6.33% TTM	+2.62% TTM	-18.09%
Paradeep Phosphates Limited	14,420	137.25	16.75	23.10%	+31.35% TTM	-7.13% TTM	-18.40%
Gujarat State Fertilizers & Chem.Ltd	5,636	140.85	9.86	6.60%	+37.49% TTM	-14.85% TTM	-26.47%
Rashtriya Chemicals & Fertilizers Limited	5,631	100.58	12.43	12.10%	+17.52% TTM	+56.09% TTM	-34.15%
National Fertilizers Ltd.	3,046	61.28	8.25	11.10%	+23.27% TTM	+137.75% TTM	-35.77%
Southern Petrochemical Industries Corporation Limited	1,212	59.05	—	19.90%	—	—	-34.95%
Madras Fertilizers Ltd	889	55.96	—	—	—	—	-31.40%
ZUARI AGRO CHEMICALS LIMITED	813	190.60	4.70	46.00%	-68.39% TTM	-84.14% TTM	-22.54%
Aries Agro Limited	647	473.85	13.03	19.90%	+18.40% TTM	+30.42% TTM	+26.71%
Khaitan Chemicals & Fertilizers Ltd S	457	46.39	8.31	32.80%	+19.87% TTM	+36.87% TTM	-54.90%
Rama Phosphates Ltd. S	395	110.50	7.27	18.20%	+18.87% TTM	+91.79% TTM	-43.52%
Nova Agritech Limited	213	21.30	15.35	9.50%	-8.06% TTM	-51.35% TTM	-54.51%
Bharat Agri Fert and Realty Ltd S	107	20.18	-16.02	1.90%	-15.46% TTM	-1,158.73% TTM	-35.26%
Basant Agro-Tech (India) Ltd. S	92	10.17	—	10.70%	—	—	-26.46%
NAGARJUNA FERTILIZERS AND CHEMICALS LTD.	80	1.34	-5.41	0.00%	-100.00% TTM	+57.13% TTM	-73.09%
Teesta Agro Industries Ltd S	66	110.10	7.20	9.60%	+23.38% TTM	+10.85% TTM	-13.44%
The Phosphate Company Limited S	50	137.00	11.80	9.50%	+13.24% TTM	-12.16% TTM	-6.77%
Shiva Global Agro Industries Limited	37	39.00	16.67	5.20%	-20.90% TTM	-65.94% TTM	-15.11%
M.P. Agro Industries Ltd. S	5	8.09	73.55	1.30%	-100.00% TTM	-14.29% TTM	-29.04%

Filings & corporate actions

Recent announcements

Update on closing of trading window.2 Nov 2026 · Insider Trading / SAST / Closure of Trading Window
National Fertilizers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/11/2026 ,inter alia, to consider and approve In compliance with Regulation ....2 Nov 2026 · Board Meeting / Board Meeting
Changes in Senior Management of National Fertilizers Limited (NFL).30 Oct 2026 · Company Update / Change in Management
Changes in Senior Management of National Fertilizers Limited (NFL).30 Oct 2026 · Company Update / Retirement
Certificate under Reg 74(5) of SEBI (DP) Regulation, 2018 for quarter ended on 30.09.202612 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Newspaper clippings related with Special Window for Transfer and Dematerialization of Physical Securities.8 Oct 2026 · Company Update / Newspaper Publication
Quarterly certificate to IPA on Commercial Paper for the quarter ended 30.09.20265 Oct 2026 · Others / Reg. 51 (1), (2) - Price Sensitive information / disclosure of event / Information
Minutes of 52nd AGM of National Fertilizers Limited held on 22.09.2026.1 Oct 2026 · AGM/EGM / AGM
Intimation for closure of Trading Window.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Compliance under regulation 44(3) of SEBI (LODR) Regulations, 2015.23 Sep 2026 · AGM/EGM / AGM
Please refer our earlier communication dated 26.08.2026 and 07.09.2026 wherein we had given Annual Report for financial year 2025-26 and Addendum to 52nd Annual Report - Comments of Comptroller ....22 Sep 2026 · Others / Reg. 34 (1) Annual Report
Proceedings of 52nd Annual General Meeting of the Company held on 22nd September 2026.22 Sep 2026 · AGM/EGM / AGM
Appointment of Statutory Auditor by C&AG.10 Sep 2026 · Company Update / Appointment of Statutory Auditor/s
Newspaper clippings of Addendum to 52nd Annual Report- Comments of Comptroller & Auditor General of India (C&AG).8 Sep 2026 · Company Update / Newspaper Publication
Addendum to 52nd Annual Report - Comments of Comptroller & Auditor General of India (C&AG).7 Sep 2026 · Company Update / General
Addendum to 52nd Annual Report- Comments of Comptroller & Auditor General of India (C&AG).7 Sep 2026 · AGM/EGM / AGM
Changes in the Senior Management of National Fertilizers Limited (NFL).1 Sep 2026 · Company Update / Change in Management
Changes in the Senior Management of National Fertilizers Limited (NFL).1 Sep 2026 · Company Update / Retirement
Newspaper clippings of the Notice of 52nd Annual General Meeting.27 Aug 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR) Financial Year 2025-26.26 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
52nd AGM Notice and Annual Report for FY 2025-26.26 Aug 2026 · AGM/EGM / AGM
This is in continuation to our earlier communications dated 12.08.2026 and 18.08.2026 regarding holding of 52nd Annual General Meeting of the Company on Tuesday, 22nd September, 2026 at ....26 Aug 2026 · Others / Reg. 34 (1) Annual Report
Newspaper clippings of the "CUT-OFF DATE (CORRIGENDUM) FOR E-VOTING - 52ND ANNUAL GENERAL MEETINGS".19 Aug 2026 · Company Update / Newspaper Publication
Cut-off date (Corrigendum) for e-voting18 Aug 2026 · AGM/EGM / AGM
Change in composition of Board of Directors of National Fertilizes Limited (NFL).14 Aug 2026 · Company Update / Change in Management
Newspaper clippings of the Notice for attention of the shareholders of the Company.14 Aug 2026 · Company Update / Newspaper Publication
Cut-off Date for the purpose of remote e-voting and e-voting at the AGM 14.09.202612 Aug 2026 · Corp. Action / Record Date
52nd AGM of the Company has been fixed for 22.09.2026 at 2:30 PM through VC/OAVM.12 Aug 2026 · AGM/EGM / AGM
Final Dividend shall be paid on or before 21.10.2026, if approved by the shareholders at ensuing AGM.12 Aug 2026 · Corp Action / Date of payment of Dividend
The Record date for the purpose of final dividend is 14.09.2026,.12 Aug 2026 · Corp. Action / Record Date
Recommendation of Final Dividend for the FY 2025-26.12 Aug 2026 · Corp Action / Dividend/AGM
Un-Audited Financial Results for the quarter ended 30th June, 2026.12 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on 12.08.2026: (i) Un-audited Financial Results (Standalone and Consolidated) for the quarter ended 30th June, 2026. (ii) Recommendation of Final Dividend ....12 Aug 2026 · Board Meeting / Outcome of Board Meeting
Newspaper clippings related with Special Window for Transfer and Dematerialisation of Physical Securities.10 Aug 2026 · Company Update / Newspaper Publication
Board Meeting Intimation to consider the recommendation of Final Dividend for FY 2025-26.4 Aug 2026 · Corp Action / Dividend/AGM
Intimation regarding Closure of trading Window for insiders.4 Aug 2026 · Insider Trading / SAST / Closure of Trading Window
National Fertilizers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2026 ,inter alia, to consider and approve (A) Intimation regarding ....4 Aug 2026 · Board Meeting / Board Meeting
IEPF Advertisement newspaper publication.22 Jul 2026 · Company Update / Newspaper Publication
Certificate under Regulation 74(5) of the SEBI (Depositories & Participant) Regulation, 2018 for the quarter ended 30th June, 20268 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Quarterly Certificate to IPA on Commercial Paper for quarter ended 30.06.20267 Jul 2026 · Others / Reg. 51 (1), (2) - Price Sensitive information / disclosure of event / Information

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 1.0400	11 Sep 2026	14 Sep 2026	—
Final Dividend - Rs. - 1.5600	22 Sep 2025	22 Sep 2025	—
Final Dividend - Rs. - 0.2700	20 Sep 2024	20 Sep 2024	—

Board meetings

11 Nov 2026 Board Meeting - Financial Results
12 Aug 2026 Board Meeting - Financial Results