National Fertilizer Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of National Fertilizer Ltd?

National Fertilizer Ltd is trading at 75.80 as of 26 April 2026, with a FY2026-2027 high of 112 and low of 63.4. The stock is currently in the middle of its 52-week range. Market cap stands at 3,717 Cr..

Q: Is National Fertilizer Ltd financially healthy?

Key indicators: ROCE of 7.57 % is on the lower side. Dividend yield is 2.06 %.

Q: Is National Fertilizer Ltd profitable and how is the profit trend?

National Fertilizer Ltd reported a net profit of 184 Cr in Mar 2025 on revenue of 19,798 Cr. Compared to -95 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹52.93Overvalued by 30.17%vs CMP ₹75.80

P/E (19.1) × ROE (6.5%) × BV (₹52.30) × DY (2.06%)

₹74.37Fairly Valued by 1.89%vs CMP ₹75.80

MoS: -1.9% (Negative)Confidence: 37/100 (Low)Models: 2 Under, 3 Fair, 3 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹77.94	26%	Fair (+2.8%)
Graham Number	Earnings	₹68.44	19%	Fair (-9.7%)
DCF	Cash Flow	₹5.04	13%	Over (-93.4%)
Net Asset Value	Assets	₹52.31	8%	Over (-31%)
EV/EBITDA	Enterprise	₹68.66	11%	Fair (-9.4%)
Earnings Yield	Earnings	₹39.80	8%	Over (-47.5%)
ROCE Capital	Returns	₹148.69	8%	Under (+96.2%)
Revenue Multiple	Revenue	₹201.87	6%	Under (+166.3%)
Consensus (8 models)		₹74.37	100%	Fairly Valued

Key Drivers: EPS CAGR 47.2% lifts DCF — verify sustainability. | Wide model spread (₹5–₹202) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 47.2%

*Investments are subject to market risks

Analyst Summary

National Fertilizer Ltd operates in the Fertilisers segment, NSE: NFL | BSE: 523630, current market price is ₹75.80, market cap is 3,717 Cr.. At a glance, stock P/E is 19.1, ROE is 6.49 %, ROCE is 7.57 %, book value is 52.3, dividend yield is 2.06 %. The latest intrinsic value estimate is ₹74.37, which is broadly in line with the current market price. On operating trend, latest reported sales are about ₹19,798 Cr versus the prior period change of -16.0%, while latest net profit is about ₹184 Cr with a prior-period change of 22.7%. The 52-week range shown on this page is 112/63.4, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisNational Fertilizers Ltd. is a Public Limited Listed company incorporated on 23/08/1974 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L7…

This summary is generated from the stock page data available for National Fertilizer Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

National Fertilizer Ltd scores 46/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health44/100 · Moderate

ROCE 7.6% WeakROE 6.5% AverageD/E 0.83 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money50/100 · Moderate

FII holding up 0.46% (6mo) Slight increaseDII holding down 0.92% MF sellingPromoter holding at 74.7% Stable

Earnings Quality50/100 · Moderate

OPM stable around 3% Steady

Quarterly Momentum40/100 · Moderate

Revenue (4Q): 5% YoY FlatProfit (4Q): -24% YoY Declining

Industry Rank50/100 · Moderate

P/E 19.1 vs industry 216.7 Cheaper than peersROCE 7.6% vs industry 13.3% Below peers3Y sales CAGR: 8% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 25, 2026, 11:31 pm

Market Cap	3,717 Cr.
Current Price	75.8
Intrinsic Value	₹74.37
High / Low	112/63.4
Stock P/E	19.1
Book Value	52.3
Dividend Yield	2.06 %
ROCE	7.57 %
ROE	6.49 %
Face Value	10.0
PEG Ratio	0.40

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for National Fertilizer Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
National Fertilizer Ltd	3,717 Cr.	75.8	112/63.4	19.1	52.3	2.06 %	7.57 %	6.49 %	10.0
Mangalore Chemicals & Fertilizers Ltd	3,659 Cr.	309	373/202	22.7	89.8	0.49 %	15.4 %	14.9 %	10.0
Krishana Phoschem Ltd	3,864 Cr.	638	658/271	21.4	92.6	0.08 %	27.2 %	38.2 %	10.0
Madhya Bharat Agro Products Ltd	4,441 Cr.	507	559/252	29.6	62.7	0.10 %	19.4 %	31.5 %	10.0
Southern Petrochemicals Industries Corporation Ltd (SPIC)	1,404 Cr.	68.9	128/55.0	6.97	63.8	2.90 %	16.9 %	13.8 %	10.0
Industry Average	10,123.76 Cr	378.84		216.68	187.01	1.04%	13.34%	11.97%	6.96

All Competitor Stocks of National Fertilizer 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	10,137	6,257	5,048	5,660	7,584	5,284	5,092	4,390	5,856	4,457	3,534	6,763	6,870
Expenses	9,235	6,590	5,060	5,714	7,266	4,905	4,985	4,265	5,710	4,222	3,453	6,660	6,574
Operating Profit	902	-333	-12	-55	318	379	107	125	146	234	81	103	296
OPM %	9%	-5%	-0%	-1%	4%	7%	2%	3%	2%	5%	2%	2%	4%
Other Income	33	179	34	58	25	55	53	37	47	62	9	15	59
Interest	94	84	104	39	50	74	90	60	41	35	46	55	72
Depreciation	90	89	87	90	92	92	91	93	94	95	96	99	110
Profit before tax	752	-326	-169	-127	201	268	-21	9	57	167	-52	-36	172
Tax %	26%	-28%	-28%	-31%	25%	23%	-59%	-35%	19%	19%	-24%	-0%	22%
Net Profit	554	-236	-121	-87	151	208	-9	12	46	135	-39	-36	135
EPS in Rs	11.29	-4.81	-2.48	-1.78	3.08	4.23	-0.18	0.25	0.93	2.75	-0.80	-0.73	2.76

Last Updated: March 3, 2026, 6:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:46 am

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	8,514	7,757	7,600	8,943	12,429	13,135	11,906	15,857	29,587	23,556	19,798	21,624
Expenses	8,130	7,197	7,041	8,404	11,417	12,283	11,001	15,469	28,509	22,939	19,182	20,909
Operating Profit	385	560	559	539	1,012	852	904	388	1,077	617	615	714
OPM %	5%	7%	7%	6%	8%	6%	8%	2%	4%	3%	3%	3%
Other Income	37	45	45	62	52	-331	33	26	195	196	203	145
Interest	304	231	193	192	320	409	294	137	308	277	233	207
Depreciation	73	87	85	73	285	374	312	335	353	362	373	400
Profit before tax	45	287	325	335	459	-263	331	-58	612	174	212	252
Tax %	41%	31%	36%	36%	36%	-31%	28%	63%	25%	14%	13%
Net Profit	26	197	208	213	294	-181	237	-95	458	150	184	195
EPS in Rs	0.53	4.02	4.24	4.34	5.99	-3.69	4.83	-1.94	9.34	3.06	3.75	3.98
Dividend Payout %	32%	30%	0%	0%	31%	-26%	0%	0%	30%	9%	42%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	657.69%	5.58%	2.40%	38.03%	-161.56%	230.94%	-140.08%	582.11%	-67.25%	22.67%
Change in YoY Net Profit Growth (%)	0.00%	-652.11%	-3.18%	35.62%	-199.59%	392.50%	-371.02%	722.19%	-649.35%	89.92%

National Fertilizer Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	9%
5 Years:	9%
3 Years:	8%
TTM:	-23%

Compounded Profit Growth
10 Years:	22%
5 Years:	-1%
3 Years:	57%
TTM:	-42%

Stock Price CAGR
10 Years:	16%
5 Years:	23%
3 Years:	24%
1 Year:	-27%

Return on Equity
10 Years:	10%
5 Years:	8%
3 Years:	10%
Last Year:	7%

Last Updated: September 5, 2025, 11:35 am

Balance Sheet

Last Updated: December 10, 2025, 3:08 am

Month	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	491	491	491	491	491	491	491	491	491	491	491	491
Reserves	990	1,199	1,334	1,495	1,720	1,412	1,650	1,589	2,051	2,055	2,225	2,074
Borrowings	7,645	6,124	4,135	3,061	6,464	8,103	1,892	3,172	3,993	4,091	2,001	4,537
Other Liabilities	4,332	4,207	4,223	4,582	5,231	4,561	4,382	5,244	6,002	4,563	4,599	6,183
Total Liabilities	13,458	12,019	10,182	9,628	13,905	14,565	8,414	10,496	12,536	11,199	9,316	13,284
Fixed Assets	4,443	4,259	4,059	4,080	3,993	3,726	3,615	4,230	3,969	3,831	3,694	3,626
CWIP	39	33	51	64	133	656	862	138	178	242	172	180
Investments	0	23	152	217	265	323	416	257	259	336	443	410
Other Assets	8,975	7,705	5,921	5,268	9,513	9,861	3,520	5,870	8,131	6,791	5,007	9,068
Total Assets	13,458	12,019	10,182	9,628	13,905	14,565	8,414	10,496	12,536	11,199	9,316	13,284

Reserves and Borrowings Chart

Cash Flow

Month	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 +	304	1,848	2,453	1,661	-2,703	-319	7,021	-1,029	-333	668	2,590
Cash from Investing Activity +	-89	-87	-201	-346	-310	-810	-497	-129	-206	-334	-268
Cash from Financing Activity +	-214	-1,760	-2,250	-1,314	3,022	1,132	-6,505	1,145	526	-318	-2,334
Net Cash Flow	1	2	1	1	9	3	20	-14	-13	16	-12
Free Cash Flow	212	1,771	2,364	1,364	-2,969	-1,075	6,607	-1,322	-540	386	2,418
CFO/OP	79%	340%	452%	325%	-258%	-32%	779%	-252%	-18%	109%	410%

Free Cash Flow

Month	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	378.00	554.00	555.00	536.00	-5.00	844.00	903.00	385.00	-2.00	613.00	613.00

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 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	216	226	205	160	210	215	81	65	51	63	60
Inventory Days	25	49	63	45	90	67	25	90	57	41	28
Days Payable	15	31	44	42	35	47	42	58	33	31	46
Cash Conversion Cycle	225	244	224	163	265	235	64	97	75	72	42
Working Capital Days	30	30	29	29	28	8	4	3	7	-3	0
ROCE %		6%	8%	9%	11%	6%	9%	2%	16%	7%	8%

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	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%	74.71%
FIIs	0.54%	0.39%	0.39%	1.10%	0.48%	0.41%	0.41%	0.42%	0.60%	0.49%	0.91%	1.06%
DIIs	12.40%	11.89%	9.90%	8.51%	8.38%	7.47%	7.27%	7.28%	6.83%	6.21%	5.99%	5.91%
Public	12.36%	13.01%	15.00%	15.68%	16.43%	17.39%	17.60%	17.58%	17.85%	18.58%	18.39%	18.31%
No. of Shareholders	1,12,985	1,18,237	1,34,946	1,57,919	2,34,201	2,59,888	3,15,448	3,07,998	3,10,563	3,10,847	2,99,076	2,89,521

Shareholding Pattern Chart

No. of Shareholders

National Fertilizer Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Microcap 250 Index Fund	135,750	0.17	0.97	135,750	2025-04-22 17:25:25	0%
Taurus Largecap Equity Fund	97,618	1.84	0.7	97,618	2025-04-22 17:25:25	0%
Taurus ELSS Tax Saver Fund	64,160	0.68	0.46	64,160	2025-04-22 17:25:25	0%
Groww Nifty Total Market Index Fund	349	0.01	0	349	2025-04-22 17:25:25	0%

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.)	3.75	3.06	9.34	-1.94	4.83
Diluted EPS (Rs.)	3.75	3.06	9.34	-1.94	4.83
Cash EPS (Rs.)	9.16	8.69	16.49	9.03	11.45
Book Value[Excl.RevalReserv]/Share (Rs.)	55.36	52.07	51.81	41.73	43.63
Book Value[Incl.RevalReserv]/Share (Rs.)	55.36	52.07	51.81	41.73	43.63
Revenue From Operations / Share (Rs.)	403.49	480.25	603.70	323.23	242.69
PBDIT / Share (Rs.)	14.32	14.63	25.77	12.48	19.30
PBIT / Share (Rs.)	6.72	7.25	18.58	5.66	12.94
PBT / Share (Rs.)	2.12	1.80	12.43	2.95	7.00
Net Profit / Share (Rs.)	1.55	1.32	9.30	2.21	5.09
NP After MI And SOA / Share (Rs.)	3.75	3.06	9.34	-1.94	4.83
PBDIT Margin (%)	3.55	3.04	4.26	3.86	7.95
PBIT Margin (%)	1.66	1.51	3.07	1.75	5.33
PBT Margin (%)	0.52	0.37	2.05	0.91	2.88
Net Profit Margin (%)	0.38	0.27	1.54	0.68	2.09
NP After MI And SOA Margin (%)	0.92	0.63	1.54	-0.59	1.99
Return on Networth / Equity (%)	6.77	5.87	18.03	-4.64	11.07
Return on Capital Employeed (%)	7.49	8.03	17.79	5.69	12.32
Return On Assets (%)	1.97	1.33	3.65	-0.90	2.81
Long Term Debt / Equity (X)	0.00	0.00	0.21	0.30	0.30
Total Debt / Equity (X)	0.73	1.60	1.57	1.55	0.83
Asset Turnover Ratio (%)	1.93	1.98	2.57	1.66	1.03
Current Ratio (X)	1.01	0.98	1.08	1.03	1.07
Quick Ratio (X)	0.82	0.72	0.66	0.62	0.94
Inventory Turnover Ratio (X)	14.88	3.16	4.00	4.62	4.31
Dividend Payout Ratio (NP) (%)	7.20	91.21	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	2.37	26.74	0.00	0.00	0.00
Earning Retention Ratio (%)	92.80	8.79	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	97.63	73.26	0.00	0.00	0.00
Interest Coverage Ratio (X)	3.11	2.68	4.19	4.61	3.25
Interest Coverage Ratio (Post Tax) (X)	1.34	1.24	2.51	1.81	1.86
Enterprise Value (Cr.)	5905.78	8348.85	7529.52	5743.28	4502.87
EV / Net Operating Revenue (X)	0.29	0.35	0.25	0.36	0.37
EV / EBITDA (X)	8.40	11.64	5.96	9.38	4.75
MarketCap / Net Operating Revenue (X)	0.19	0.18	0.12	0.16	0.23
Retention Ratios (%)	92.79	8.78	0.00	0.00	0.00
Price / BV (X)	1.45	1.68	1.40	1.27	1.29
Price / Net Operating Revenue (X)	0.19	0.18	0.12	0.16	0.23
EarningsYield	0.04	0.03	0.12	-0.03	0.08

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

National Fertilizers Ltd. is a Public Limited Listed company incorporated on 23/08/1974 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1974GOI007417 and registration number is 007417. Currently Company is involved in the business activities of Manufacture of urea and other organic fertilizers. Company's Total Operating Revenue is Rs. 19794.50 Cr. and Equity Capital is Rs. 490.58 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Fertilisers	Scope Complex, Core 3, New Delhi Delhi 110003	Contact not found

Management
Name	Position Held
Mr. U Saravanan	Chairman & Managing Director
Mr. Hira Nand	Director - Finance
Mr. Jyoti Bhramar Tubid	Non Official Independent Director
Dr. Prathibha Anirudhan	Government Nominee Director
Mr. Mahesh Chander Gupta	Director - Marketing
Mr. Ritu Goswami	Director - Technical
Mr. Bharat Bhushan	Government Nominee Director
Mr. Rabi Ranjan Sen	Non Official Independent Director
Mr. Pinky Pradhan	Non Official Independent Director

FAQ

What is the intrinsic value of National Fertilizer Ltd and is it undervalued?

As of 26 April 2026, National Fertilizer Ltd's intrinsic value is ₹74.37, which is 1.89% lower than the current market price of ₹75.80, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.49 %), book value (₹52.3), dividend yield (2.06 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of National Fertilizer Ltd?

National Fertilizer Ltd is trading at ₹75.80 as of 26 April 2026, with a FY2026-2027 high of ₹112 and low of ₹63.4. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,717 Cr..

How does National Fertilizer Ltd's P/E ratio compare to its industry?

National Fertilizer Ltd has a P/E ratio of 19.1, which is below the industry average of 216.68. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is National Fertilizer Ltd financially healthy?

Key indicators for National Fertilizer Ltd: ROCE of 7.57 % is on the lower side compared to the industry average of 13.34%; ROE of 6.49 % is below ideal levels (industry average: 11.97%). Dividend yield is 2.06 %.

Is National Fertilizer Ltd profitable and how is the profit trend?

National Fertilizer Ltd reported a net profit of ₹184 Cr in Mar 2025 on revenue of ₹19,798 Cr. Compared to ₹-95 Cr in Mar 2022, the net profit shows an improving trend.

Does National Fertilizer Ltd pay dividends?

National Fertilizer Ltd has a dividend yield of 2.06 % at the current price of ₹75.80. This is a relatively attractive yield for income-seeking investors.