Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 23 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of National Fertilizer Ltd

About the Company - National Fertilizer Ltd

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. 15857.09 Cr. and Equity Capital is Rs. 490.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersScope Complex, Core 3, New Delhi Delhi 110003investor@nfl.co.in
http://www.nationalfertilizers.com
Management
NamePosition Held
Mr. Atul B PatilCMD & Director (Marketing)
Mr. Hira NandDirector - Finance & CFO
Mr. Nirlep Singh RaiChairman & Managing Director
Mr. Pandya Ashwinkumar BalvantrayNon Official Independent Director
Mr. Poonam SharmaNon Official Independent Director
Dr. Venkata Sarvarayudu ThotaNon Official Independent Director
Mr. Neeraja AdidamGovernment Nominee Director
Mr. Ritesh TiwariNon Official Independent Director
Mr. Jyoti Bhramar TubidNon Official Independent Director
Mr. Kashi Ram GodaraNon Official Independent Director

National Fertilizers Ltd. Share Price Update

Share PriceValue
Today₹106.95
Previous Day₹109.90

Basic Stock Data of National Fertilizer Ltd

Market Cap 5,075 Cr.
Current Price 103
High / Low130/60.1
Stock P/E
Book Value 44.8
Dividend Yield2.72 %
ROCE15.6 %
ROE19.8 %
Face Value 10.0

Data Source: screener.in

Competitors of National Fertilizer Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Chambal Fertilisers & Chemicals Ltd 15,402 Cr. 370403/24812.2 1852.03 %16.0 %14.9 % 10.0
Deepak Fertilisers & Petrochemicals Corp Ltd 6,538 Cr. 518715/48313.5 4111.92 %25.8 %27.0 % 10.0
Gujarat Narmada Valley Fertilizers & Chemicals Ltd 10,504 Cr. 676815/48415.2 5614.39 %22.9 %17.3 % 10.0
Fertilizers & Chemicals Travancore Ltd 53,652 Cr. 829909/192123 21.80.12 %30.3 %62.5 % 10.0
Aries Agro Ltd 397 Cr. 306318/14426.0 2000.32 %14.2 %6.83 % 10.0
Industry Average96.2 Cr539.837.98275.761.76%21.84%25.71%10

National Fertilizer Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3,1742,9392,9612,6323,6915,0924,4426,4556,75410,1376,2685,0485,660
Expenses2,9112,7312,8532,6263,5505,0014,3046,1746,5829,2356,5995,0605,714
Operating Profit263208108714190139281172902-331-12-55
OPM %8%7%4%0%4%2%3%4%3%9%-5%-0%-1%
Other Income10512811862211331773458
Interest795952273434385173948410439
Depreciation78797882828585878790898790
Profit before tax11676-10-9535-202216423752-326-169-127
Tax %26%30%3%1%54%-14%72%23%35%26%28%28%31%
Net Profit8553-10-9416-23612515554-236-121-87
EPS in Rs1.741.08-0.19-1.920.33-0.470.122.560.3011.29-4.81-2.48-1.78

National Fertilizer Ltd Quarterly Chart

National Fertilizer Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8,5147,7577,6008,94312,42913,13511,90615,85729,61727,113
Expenses8,1307,1977,0418,40411,41712,28311,00115,46928,53926,608
Operating Profit3855605595391,0128529043881,078505
OPM %5%7%7%6%8%6%8%2%4%2%
Other Income3745456252-3313326195302
Interest304231193192320409294137308321
Depreciation73878573285374312335353356
Profit before tax45287325335459-263331-58612130
Tax %41%31%36%36%36%31%28%-63%25%
Net Profit26197208213294-181237-95458110
EPS in Rs0.534.024.244.345.99-3.694.83-1.949.342.22
Dividend Payout %32%30%0%0%31%-26%0%0%30%

National Fertilizer Ltd Profit & Loss Yearly Chart

National Fertilizer Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:27%
3 Years:31%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:20%
3 Years:33%
TTM:-142%
Stock Price CAGR
10 Years:16%
5 Years:26%
3 Years:40%
1 Year:68%
Return on Equity
10 Years:%
5 Years:10%
3 Years:9%
Last Year:20%

National Fertilizer Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital491491491491491491491491491491
Reserves9901,1991,3341,4951,7201,4121,6501,5892,0511,707
Borrowings7,6456,1244,1353,0616,4648,1031,8923,1723,9921,203
Other Liabilities4,3324,2074,2234,5825,2314,5614,3825,2446,0027,136
Total Liabilities13,45812,01910,1829,62813,90514,5658,41410,49612,53510,537
Fixed Assets4,4434,2594,0594,0803,9933,7263,6154,2303,9693,971
CWIP39335164133656862138178186
Investments023152217265323416257259308
Other Assets8,9757,7055,9215,2689,5139,8613,5205,8708,1306,073
Total Assets13,45812,01910,1829,62813,90514,5658,41410,49612,53510,537

National Fertilizer Ltd Reserves and Borrowings Chart

National Fertilizer Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3041,8482,4531,661-2,703-3197,021-1,029-333
Cash from Investing Activity -89-87-201-346-310-810-497-129-206
Cash from Financing Activity -214-1,760-2,250-1,3143,0221,132-6,5051,145526
Net Cash Flow12119320-14-13

National Fertilizer Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days216226205160210215816551
Inventory Days254963459067259057
Days Payable153144423547425833
Cash Conversion Cycle225244224163265235649775
Working Capital Days244232181147208212426250
ROCE %6%8%9%11%6%9%2%16%

National Fertilizer Ltd Financial Efficiency Indicators Chart

National Fertilizer Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%74.71%
FIIs0.01%0.35%0.68%0.81%0.81%0.40%0.18%0.20%0.54%0.39%0.39%1.10%
DIIs15.27%13.98%13.37%13.20%13.14%13.14%13.14%12.75%12.40%11.89%9.90%8.51%
Public10.01%10.96%11.24%11.28%11.33%11.75%11.97%12.36%12.36%13.01%15.00%15.68%
No. of Shareholders1,07,9361,23,9551,18,3011,15,7171,17,7261,21,1591,18,7061,19,6231,12,9851,18,2371,34,9461,57,919

National Fertilizer Ltd Shareholding Pattern Chart

No. of National Fertilizer Ltd Shareholders

National Fertilizer Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Motilal Oswal Nifty Microcap 250 Index Fund1357500.170.97
Taurus Largecap Equity Fund976181.840.7
Taurus ELSS Tax Saver Fund641600.680.46
Groww Nifty Total Market Index Fund3490.010

National Fertilizer Ltd ROCE Trend

National Fertilizer Ltd EPS Trend

National Fertilizer Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)9.34-1.944.83-3.696.01
Diluted EPS (Rs.)9.34-1.944.83-3.696.01
Cash EPS (Rs.)16.499.0311.454.158.14
Book Value[Excl.RevalReserv]/Share (Rs.)51.8141.7343.6338.7745.13
Book Value[Incl.RevalReserv]/Share (Rs.)51.8141.7343.6338.7745.13
Revenue From Operations / Share (Rs.)603.70323.23242.69267.75249.61
PBDIT / Share (Rs.)25.7712.4819.3018.6717.95
PBIT / Share (Rs.)18.585.6612.9411.0415.89
PBT / Share (Rs.)12.432.957.00-5.159.45
Net Profit / Share (Rs.)9.302.215.09-3.486.08
NP After MI And SOA / Share (Rs.)9.34-1.944.83-3.696.01
PBDIT Margin (%)4.263.867.956.977.19
PBIT Margin (%)3.071.755.334.126.36
PBT Margin (%)2.050.912.88-1.923.78
Net Profit Margin (%)1.540.682.09-1.302.43
NP After MI And SOA Margin (%)1.54-0.591.99-1.372.40
Return on Networth / Equity (%)18.03-4.6411.07-9.5113.32
Return on Capital Employeed (%)17.795.6912.3210.7014.51
Return On Assets (%)3.65-0.902.81-1.242.12
Long Term Debt / Equity (X)0.210.300.300.310.12
Total Debt / Equity (X)1.571.550.834.172.89
Asset Turnover Ratio (%)2.571.661.030.921.04
Current Ratio (X)1.081.031.071.031.11
Quick Ratio (X)0.660.620.940.890.92
Inventory Turnover Ratio (X)4.004.624.313.204.49
Dividend Payout Ratio (NP) (%)0.000.000.00-56.1821.84
Dividend Payout Ratio (CP) (%)0.000.000.0052.6016.26
Earning Retention Ratio (%)0.000.000.00156.1878.16
Cash Earning Retention Ratio (%)0.000.000.0047.4083.74
Interest Coverage Ratio (X)4.194.613.252.262.78
Interest Coverage Ratio (Post Tax) (X)2.511.811.861.541.94
Enterprise Value (Cr.)7529.525743.284502.878806.188116.87
EV / Net Operating Revenue (X)0.250.360.370.670.66
EV / EBITDA (X)5.969.384.759.619.21
MarketCap / Net Operating Revenue (X)0.120.160.230.060.14
Retention Ratios (%)0.000.000.00156.1878.15
Price / BV (X)1.401.271.290.470.78
Price / Net Operating Revenue (X)0.120.160.230.060.14
EarningsYield0.12-0.030.08-0.200.17

National Fertilizer Ltd Profitability Ratios (%)

National Fertilizer Ltd Liquidity Ratios

National Fertilizer Ltd Liquidity Ratios (%)

National Fertilizer Ltd Interest Coverage Ratios (%)

National Fertilizer Ltd Valuation Ratios

Fair Value of National Fertilizer Ltd Stock

Fair Value: ₹136.68

The stock is undervalued by 32.69% compared to the current price ₹103

*Investments are subject to market risks

Strength and Weakness of National Fertilizer Ltd Stock

StrengthWeakness
  1. The company has shown consistent growth in sales (13.70 cr) and profit (220.30 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.82 and average Dividend Yield of 4.13%.
  2. The stock has a low average ROCE of 7.44%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 153.11, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 176.89, which may not be favorable.
  5. The company has higher borrowings (4,579.10) compared to reserves (1,514.70), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in National Fertilizer Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE