Madhya Bharat Agro Products Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 13, 2026, 7:46 am

Market Cap	4,092 Cr.
Current Price	467
Intrinsic Value	₹281.09
High / Low	489/240
Stock P/E	39.1
Book Value	52.3
Dividend Yield	0.11 %
ROCE	18.0 %
ROE	15.2 %
Face Value	10.0
PEG Ratio	3.03

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Madhya Bharat Agro Products Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Madhya Bharat Agro Products Ltd	4,092 Cr.	467	489/240	39.1	52.3	0.11 %	18.0 %	15.2 %	10.0
Mangalore Chemicals & Fertilizers Ltd	3,659 Cr.	309	373/141	22.7	89.8	0.49 %	15.4 %	14.9 %	10.0
National Fertilizer Ltd	3,581 Cr.	73.0	112/69.4	18.4	52.3	2.14 %	7.57 %	6.49 %	10.0
Krishana Phoschem Ltd	3,072 Cr.	507	619/210	23.6	73.4	0.10 %	21.7 %	25.3 %	10.0
Gujarat State Fertilizer & Chemicals Ltd	6,354 Cr.	159	221/150	9.40	309	3.14 %	6.12 %	4.68 %	2.00
Industry Average	10,122.40 Cr	351.00		206.56	185.72	1.10%	13.03%	10.58%	6.96

All Competitor Stocks of Madhya Bharat Agro Products Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	286	234	149	278	244	146	200	278	284	297	410	450	612
Expenses	224	189	125	238	226	132	167	242	244	261	353	388	546
Operating Profit	62	45	24	40	18	14	34	36	39	36	57	62	66
OPM %	22%	19%	16%	15%	7%	10%	17%	13%	14%	12%	14%	14%	11%
Other Income	4	1	1	1	0	9	2	2	2	6	3	2	3
Interest	4	5	6	8	4	8	9	7	5	7	7	6	9
Depreciation	6	7	7	7	7	7	9	9	9	8	9	9	9
Profit before tax	55	34	12	26	7	8	18	23	27	27	44	49	51
Tax %	30%	29%	42%	42%	80%	82%	36%	39%	34%	47%	36%	37%	37%
Net Profit	39	24	7	15	1	1	11	14	18	14	28	30	32
EPS in Rs	4.42	2.77	0.83	1.70	0.15	0.16	1.31	1.58	2.04	1.63	3.22	3.48	3.62

Last Updated: January 11, 2026, 1:58 pm

Below is a detailed analysis of the quarterly data for Madhya Bharat Agro Products Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 612.00 Cr.. The value appears strong and on an upward trend. It has increased from 450.00 Cr. (Sep 2025) to 612.00 Cr., marking an increase of 162.00 Cr..
For Expenses, as of Dec 2025, the value is 546.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 388.00 Cr. (Sep 2025) to 546.00 Cr., marking an increase of 158.00 Cr..
For Operating Profit, as of Dec 2025, the value is 66.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Sep 2025) to 66.00 Cr., marking an increase of 4.00 Cr..
For OPM %, as of Dec 2025, the value is 11.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Sep 2025) to 11.00%, marking a decrease of 3.00%.
For Other Income, as of Dec 2025, the value is 3.00 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Sep 2025) to 3.00 Cr., marking an increase of 1.00 Cr..
For Interest, as of Dec 2025, the value is 9.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 6.00 Cr. (Sep 2025) to 9.00 Cr., marking an increase of 3.00 Cr..
For Depreciation, as of Dec 2025, the value is 9.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 9.00 Cr..
For Profit before tax, as of Dec 2025, the value is 51.00 Cr.. The value appears strong and on an upward trend. It has increased from 49.00 Cr. (Sep 2025) to 51.00 Cr., marking an increase of 2.00 Cr..
For Tax %, as of Dec 2025, the value is 37.00%. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 37.00%.
For Net Profit, as of Dec 2025, the value is 32.00 Cr.. The value appears strong and on an upward trend. It has increased from 30.00 Cr. (Sep 2025) to 32.00 Cr., marking an increase of 2.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 3.62. The value appears strong and on an upward trend. It has increased from 3.48 (Sep 2025) to 3.62, marking an increase of 0.14.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:16 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	59	62	65	82	90	107	129	185	490	981	815	1,058	1,769
Expenses	48	56	52	60	69	78	94	143	384	772	719	912	1,548
Operating Profit	10	6	12	21	21	29	35	42	107	210	96	145	221
OPM %	18%	10%	19%	26%	23%	28%	27%	23%	22%	21%	12%	14%	13%
Other Income	0	6	0	4	0	0	0	0	0	5	11	11	14
Interest	3	3	3	5	5	4	3	4	8	16	26	28	29
Depreciation	2	3	4	7	8	10	10	9	18	22	29	34	36
Profit before tax	5	6	6	13	7	16	21	29	81	176	52	95	170
Tax %	33%	32%	-55%	11%	30%	27%	31%	29%	30%	29%	52%	39%
Net Profit	4	4	9	12	5	11	15	20	57	124	25	57	105
EPS in Rs	0.51	0.56	1.05	1.34	0.58	1.30	1.69	2.31	6.51	14.18	2.83	6.56	11.95
Dividend Payout %	0%	0%	0%	9%	21%	10%	7%	5%	2%	2%	18%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	0.00%	125.00%	33.33%	-58.33%	120.00%	36.36%	33.33%	185.00%	117.54%	-79.84%	128.00%
Change in YoY Net Profit Growth (%)	0.00%	125.00%	-91.67%	-91.67%	178.33%	-83.64%	-3.03%	151.67%	-67.46%	-197.38%	207.84%

Madhya Bharat Agro Products Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	33%
5 Years:	52%
3 Years:	29%
TTM:	46%

Compounded Profit Growth
10 Years:	30%
5 Years:	31%
3 Years:	0%
TTM:	155%

Stock Price CAGR
10 Years:	%
5 Years:	90%
3 Years:	28%
1 Year:	92%

Return on Equity
10 Years:	18%
5 Years:	22%
3 Years:	21%
Last Year:	15%

Last Updated: September 5, 2025, 10:05 am

Balance Sheet

Last Updated: January 7, 2026, 4:01 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	18	18	22	22	22	22	22	22	22	44	88	88	88
Reserves	51	54	69	80	84	95	108	127	183	285	263	316	371
Borrowings	10	9	18	34	36	26	40	70	164	323	290	318	312
Other Liabilities	10	13	4	14	11	16	19	45	70	92	163	223	436
Total Liabilities	88	94	113	149	153	160	189	264	439	743	804	946	1,207
Fixed Assets	63	59	88	94	102	93	83	85	153	203	265	279	262
CWIP	4	6	0	9	9	9	31	75	2	0	14	74	178
Investments	1	1	1	0	0	0	0	0	0	0	0	0	0
Other Assets	20	27	24	46	42	58	75	104	283	540	525	592	768
Total Assets	88	94	113	149	153	160	189	264	439	743	804	946	1,207

Below is a detailed analysis of the balance sheet data for Madhya Bharat Agro Products Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 88.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 88.00 Cr..
For Reserves, as of Sep 2025, the value is 371.00 Cr.. The value appears strong and on an upward trend. It has increased from 316.00 Cr. (Mar 2025) to 371.00 Cr., marking an increase of 55.00 Cr..
For Borrowings, as of Sep 2025, the value is 312.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 318.00 Cr. (Mar 2025) to 312.00 Cr., marking a decrease of 6.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 436.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 223.00 Cr. (Mar 2025) to 436.00 Cr., marking an increase of 213.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 1,207.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 946.00 Cr. (Mar 2025) to 1,207.00 Cr., marking an increase of 261.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 262.00 Cr.. The value appears to be declining and may need further review. It has decreased from 279.00 Cr. (Mar 2025) to 262.00 Cr., marking a decrease of 17.00 Cr..
For CWIP, as of Sep 2025, the value is 178.00 Cr.. The value appears strong and on an upward trend. It has increased from 74.00 Cr. (Mar 2025) to 178.00 Cr., marking an increase of 104.00 Cr..
For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
For Other Assets, as of Sep 2025, the value is 768.00 Cr.. The value appears strong and on an upward trend. It has increased from 592.00 Cr. (Mar 2025) to 768.00 Cr., marking an increase of 176.00 Cr..
For Total Assets, as of Sep 2025, the value is 1,207.00 Cr.. The value appears strong and on an upward trend. It has increased from 946.00 Cr. (Mar 2025) to 1,207.00 Cr., marking an increase of 261.00 Cr..

Notably, the Reserves (371.00 Cr.) exceed the Borrowings (312.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	14	6	11	8	19	15	14	30	-72	-70	148	96
Cash from Investing Activity +	-6	-3	-27	-17	-16	-1	-22	-56	-13	-65	-92	-92
Cash from Financing Activity +	-9	-3	16	8	-3	-14	9	25	85	141	-61	-4
Net Cash Flow	-0	-1	0	-0	-0	0	1	-1	-0	6	-6	0

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	0.00	-3.00	-6.00	-13.00	-15.00	3.00	-5.00	-28.00	-57.00	-113.00	-194.00	-173.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	6	33	40	57	48	76	79	54	55	74	83	88
Inventory Days	124	74	58	204	130	159	210	214	200	125	136	85
Days Payable	24	59	17	80	47	39	37	88	46	8	40	48
Cash Conversion Cycle	106	48	80	180	131	195	252	181	210	191	178	125
Working Capital Days	34	65	87	74	45	103	123	67	65	61	54	51
ROCE %	13%	12%	9%	15%	9%	14%	16%	17%	30%	38%	12%	18%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	74.28%	74.26%	74.26%	74.54%	74.52%	74.43%	74.51%	74.56%	74.56%	74.56%	74.63%	74.76%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.11%	0.43%	0.19%
Public	25.72%	25.74%	25.74%	25.46%	25.48%	25.57%	25.49%	25.44%	25.41%	25.34%	24.95%	25.06%
No. of Shareholders	8,908	8,706	8,836	10,227	10,121	10,111	10,433	9,718	8,966	11,822	12,546	13,348

Shareholding Pattern Chart

No. of Shareholders

Madhya Bharat Agro Products Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	6.56	2.84	28.35	26.03	9.24
Diluted EPS (Rs.)	6.56	2.84	28.35	26.03	9.24
Cash EPS (Rs.)	10.44	6.15	33.45	34.30	13.52
Book Value[Excl.RevalReserv]/Share (Rs.)	46.09	40.05	74.95	93.72	68.18
Book Value[Incl.RevalReserv]/Share (Rs.)	46.09	40.05	74.95	93.72	68.18
Dividend / Share (Rs.)	0.50	0.50	0.50	0.50	0.50
Revenue From Operations / Share (Rs.)	120.87	93.23	224.14	224.35	84.77
PBDIT / Share (Rs.)	17.88	12.27	49.07	48.77	19.06
PBIT / Share (Rs.)	14.00	8.96	43.96	40.50	14.78
PBT / Share (Rs.)	10.80	5.96	40.21	37.06	13.04
Net Profit / Share (Rs.)	6.56	2.84	28.35	26.03	9.24
PBDIT Margin (%)	14.79	13.16	21.89	21.73	22.48
PBIT Margin (%)	11.58	9.61	19.61	18.05	17.43
PBT Margin (%)	8.93	6.39	17.93	16.51	15.38
Net Profit Margin (%)	5.42	3.04	12.64	11.60	10.89
Return on Networth / Equity (%)	14.23	7.07	37.82	27.77	13.55
Return on Capital Employeed (%)	20.63	17.32	45.31	35.05	16.51
Return On Assets (%)	6.07	3.08	16.71	12.98	7.65
Long Term Debt / Equity (X)	0.21	0.08	0.12	0.15	0.27
Total Debt / Equity (X)	0.78	0.82	0.98	0.79	0.41
Asset Turnover Ratio (%)	1.21	1.06	1.66	1.40	0.81
Current Ratio (X)	1.45	1.38	1.58	1.51	1.50
Quick Ratio (X)	0.97	0.78	0.90	0.66	0.72
Inventory Turnover Ratio (X)	5.66	3.88	3.51	3.26	2.18
Dividend Payout Ratio (NP) (%)	7.62	8.81	0.88	1.92	5.41
Dividend Payout Ratio (CP) (%)	4.79	4.06	0.74	1.45	3.69
Earning Retention Ratio (%)	92.38	91.19	99.12	98.08	94.59
Cash Earning Retention Ratio (%)	95.21	95.94	99.26	98.55	96.31
Interest Coverage Ratio (X)	5.58	4.10	13.08	14.17	10.98
Interest Coverage Ratio (Post Tax) (X)	3.05	1.95	8.56	8.56	6.32
Enterprise Value (Cr.)	2767.42	2391.74	2791.41	1042.21	278.16
EV / Net Operating Revenue (X)	2.61	2.93	2.84	2.12	1.50
EV / EBITDA (X)	17.66	22.24	12.98	9.75	6.66
MarketCap / Net Operating Revenue (X)	2.32	2.59	2.54	1.80	1.17
Retention Ratios (%)	92.37	91.18	99.11	98.07	94.58
Price / BV (X)	6.09	6.02	7.58	4.32	1.45
Price / Net Operating Revenue (X)	2.32	2.59	2.54	1.80	1.17
EarningsYield	0.02	0.01	0.04	0.06	0.09

After reviewing the key financial ratios for Madhya Bharat Agro Products Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 25, the value is 6.56. This value is within the healthy range. It has increased from 2.84 (Mar 24) to 6.56, marking an increase of 3.72.
For Diluted EPS (Rs.), as of Mar 25, the value is 6.56. This value is within the healthy range. It has increased from 2.84 (Mar 24) to 6.56, marking an increase of 3.72.
For Cash EPS (Rs.), as of Mar 25, the value is 10.44. This value is within the healthy range. It has increased from 6.15 (Mar 24) to 10.44, marking an increase of 4.29.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 46.09. It has increased from 40.05 (Mar 24) to 46.09, marking an increase of 6.04.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 46.09. It has increased from 40.05 (Mar 24) to 46.09, marking an increase of 6.04.
For Dividend / Share (Rs.), as of Mar 25, the value is 0.50. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 24) which recorded 0.50.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 120.87. It has increased from 93.23 (Mar 24) to 120.87, marking an increase of 27.64.
For PBDIT / Share (Rs.), as of Mar 25, the value is 17.88. This value is within the healthy range. It has increased from 12.27 (Mar 24) to 17.88, marking an increase of 5.61.
For PBIT / Share (Rs.), as of Mar 25, the value is 14.00. This value is within the healthy range. It has increased from 8.96 (Mar 24) to 14.00, marking an increase of 5.04.
For PBT / Share (Rs.), as of Mar 25, the value is 10.80. This value is within the healthy range. It has increased from 5.96 (Mar 24) to 10.80, marking an increase of 4.84.
For Net Profit / Share (Rs.), as of Mar 25, the value is 6.56. This value is within the healthy range. It has increased from 2.84 (Mar 24) to 6.56, marking an increase of 3.72.
For PBDIT Margin (%), as of Mar 25, the value is 14.79. This value is within the healthy range. It has increased from 13.16 (Mar 24) to 14.79, marking an increase of 1.63.
For PBIT Margin (%), as of Mar 25, the value is 11.58. This value is within the healthy range. It has increased from 9.61 (Mar 24) to 11.58, marking an increase of 1.97.
For PBT Margin (%), as of Mar 25, the value is 8.93. This value is below the healthy minimum of 10. It has increased from 6.39 (Mar 24) to 8.93, marking an increase of 2.54.
For Net Profit Margin (%), as of Mar 25, the value is 5.42. This value is within the healthy range. It has increased from 3.04 (Mar 24) to 5.42, marking an increase of 2.38.
For Return on Networth / Equity (%), as of Mar 25, the value is 14.23. This value is below the healthy minimum of 15. It has increased from 7.07 (Mar 24) to 14.23, marking an increase of 7.16.
For Return on Capital Employeed (%), as of Mar 25, the value is 20.63. This value is within the healthy range. It has increased from 17.32 (Mar 24) to 20.63, marking an increase of 3.31.
For Return On Assets (%), as of Mar 25, the value is 6.07. This value is within the healthy range. It has increased from 3.08 (Mar 24) to 6.07, marking an increase of 2.99.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.21. This value is within the healthy range. It has increased from 0.08 (Mar 24) to 0.21, marking an increase of 0.13.
For Total Debt / Equity (X), as of Mar 25, the value is 0.78. This value is within the healthy range. It has decreased from 0.82 (Mar 24) to 0.78, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.21. It has increased from 1.06 (Mar 24) to 1.21, marking an increase of 0.15.
For Current Ratio (X), as of Mar 25, the value is 1.45. This value is below the healthy minimum of 1.5. It has increased from 1.38 (Mar 24) to 1.45, marking an increase of 0.07.
For Quick Ratio (X), as of Mar 25, the value is 0.97. This value is below the healthy minimum of 1. It has increased from 0.78 (Mar 24) to 0.97, marking an increase of 0.19.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.66. This value is within the healthy range. It has increased from 3.88 (Mar 24) to 5.66, marking an increase of 1.78.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 7.62. This value is below the healthy minimum of 20. It has decreased from 8.81 (Mar 24) to 7.62, marking a decrease of 1.19.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 4.79. This value is below the healthy minimum of 20. It has increased from 4.06 (Mar 24) to 4.79, marking an increase of 0.73.
For Earning Retention Ratio (%), as of Mar 25, the value is 92.38. This value exceeds the healthy maximum of 70. It has increased from 91.19 (Mar 24) to 92.38, marking an increase of 1.19.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 95.21. This value exceeds the healthy maximum of 70. It has decreased from 95.94 (Mar 24) to 95.21, marking a decrease of 0.73.
For Interest Coverage Ratio (X), as of Mar 25, the value is 5.58. This value is within the healthy range. It has increased from 4.10 (Mar 24) to 5.58, marking an increase of 1.48.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.05. This value is within the healthy range. It has increased from 1.95 (Mar 24) to 3.05, marking an increase of 1.10.
For Enterprise Value (Cr.), as of Mar 25, the value is 2,767.42. It has increased from 2,391.74 (Mar 24) to 2,767.42, marking an increase of 375.68.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.61. This value is within the healthy range. It has decreased from 2.93 (Mar 24) to 2.61, marking a decrease of 0.32.
For EV / EBITDA (X), as of Mar 25, the value is 17.66. This value exceeds the healthy maximum of 15. It has decreased from 22.24 (Mar 24) to 17.66, marking a decrease of 4.58.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.32. This value is within the healthy range. It has decreased from 2.59 (Mar 24) to 2.32, marking a decrease of 0.27.
For Retention Ratios (%), as of Mar 25, the value is 92.37. This value exceeds the healthy maximum of 70. It has increased from 91.18 (Mar 24) to 92.37, marking an increase of 1.19.
For Price / BV (X), as of Mar 25, the value is 6.09. This value exceeds the healthy maximum of 3. It has increased from 6.02 (Mar 24) to 6.09, marking an increase of 0.07.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.32. This value is within the healthy range. It has decreased from 2.59 (Mar 24) to 2.32, marking a decrease of 0.27.
For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 24) to 0.02, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Madhya Bharat Agro Products Ltd as of March 14, 2026 is: ₹248.94

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 14, 2026, Madhya Bharat Agro Products Ltd is Overvalued by 46.69% compared to the current share price ₹467.00

Intrinsic Value of Madhya Bharat Agro Products Ltd as of March 14, 2026 is: ₹281.09

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 14, 2026, Madhya Bharat Agro Products Ltd is Overvalued by 39.81% compared to the current share price ₹467.00

Last 5 Year EPS CAGR: 12.92%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 16.92%, which is a positive sign. The company has higher reserves (160.46 cr) compared to borrowings (126.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (235.92 cr) and profit (52.08 cr) over the years.	The stock has a high average Working Capital Days of 69.08, which may not be favorable. The stock has a high average Cash Conversion Cycle of 156.42, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Madhya Bharat Agro Products Ltd:
1. Net Profit Margin: 5.42%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.63% (Industry Average ROCE: 13.03%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.23% (Industry Average ROE: 10.58%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.05
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.97
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 39.1 (Industry average Stock P/E: 206.56)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.78
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Madhya Bharat Agro Products Ltd. is a Public Limited Listed company incorporated on 22/10/1997 and has its registered office in the State of Rajasthan, India. Company's Corporate Identification Number(CIN) is L24121RJ1997PLC029126 and registration number is 029126. Currently Company is involved in the business activities of Manufacture of straight mixed, compound or complex inorganic fertilizers. Company's Total Operating Revenue is Rs. 1059.17 Cr. and Equity Capital is Rs. 87.63 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Fertilisers	Wing A/1, 1st Floor, Bhilwara Rajasthan 311802	Contact not found

Management
Name	Position Held
Mr. Mahendra Kumar Ostwal	Chairman & Non-Exe.Director
Mr. Pankaj Ostwal	Managing Director
Mr. Sourabh Gupta	WholeTime Director & CFO
Mrs. Shruti Babel	Independent Director
Mr. Paras Mal Surana	Independent Director
Mr. Gopal Inani	Independent Director
Mr. Bheru Lal Ostwal	Independent Director
Mr. Praveen Ostwal	Promoter Director

FAQ

What is the intrinsic value of Madhya Bharat Agro Products Ltd?

Madhya Bharat Agro Products Ltd's intrinsic value (as of 14 March 2026) is ₹281.09 which is 39.81% lower the current market price of ₹467.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹4,092 Cr. market cap, FY2025-2026 high/low of ₹489/240, reserves of ₹371 Cr, and liabilities of ₹1,207 Cr.

What is the Market Cap of Madhya Bharat Agro Products Ltd?

The Market Cap of Madhya Bharat Agro Products Ltd is 4,092 Cr..

What is the current Stock Price of Madhya Bharat Agro Products Ltd as on 14 March 2026?

The current stock price of Madhya Bharat Agro Products Ltd as on 14 March 2026 is ₹467.

What is the High / Low of Madhya Bharat Agro Products Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Madhya Bharat Agro Products Ltd stocks is ₹489/240.

What is the Stock P/E of Madhya Bharat Agro Products Ltd?

The Stock P/E of Madhya Bharat Agro Products Ltd is 39.1.

What is the Book Value of Madhya Bharat Agro Products Ltd?

The Book Value of Madhya Bharat Agro Products Ltd is 52.3.

What is the Dividend Yield of Madhya Bharat Agro Products Ltd?

The Dividend Yield of Madhya Bharat Agro Products Ltd is 0.11 %.

What is the ROCE of Madhya Bharat Agro Products Ltd?

The ROCE of Madhya Bharat Agro Products Ltd is 18.0 %.

What is the ROE of Madhya Bharat Agro Products Ltd?

The ROE of Madhya Bharat Agro Products Ltd is 15.2 %.

What is the Face Value of Madhya Bharat Agro Products Ltd?

The Face Value of Madhya Bharat Agro Products Ltd is 10.0.