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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. U SaravananChairman & Managing Director
Mr. Hira NandDirector - Finance
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
Mr. Atul B PatilDirector - Marketing
Mr. Rajan KanwarDirector - Technical
Dr. Prathibha AnirudhanGovernment Nominee Director

Basic Stock Data of National Fertilizer Ltd

Last Updated: July 26, 2024, 10:19 pm

Market Cap 7,185 Cr.
Current Price 147
High / Low170/65.0
Stock P/E47.9
Book Value 52.1
Dividend Yield1.90 %
ROCE6.69 %
ROE5.89 %
Face Value 10.0
PEG Ratio1.01

Data Source: screener.in

Competitors of National Fertilizer Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bharat Agri Fert & Realty Ltd 529 Cr. 100132/77.0 9.970.00 %6.14 %14.8 % 1.00
Basant Agro Tech (India) Ltd 193 Cr. 21.428.9/17.748.9 19.20.37 %6.35 %2.30 % 1.00
Zuari Agro Chemicals Ltd 874 Cr. 208260/1358.76 4030.00 %11.1 %6.10 % 10.0
Southern Petrochemicals Industries Corporation Ltd (SPIC) 1,712 Cr. 84.0108/62.011.8 52.81.79 %17.5 %14.1 % 10.0
Sikko Industries Ltd 190 Cr. 113118/54.635.7 16.60.13 %20.6 %15.7 % 10.0
Industry Average8,496.44 Cr324.6838.44162.171.06%18.11%11.47%7.56

National Fertilizer Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,9392,9612,6323,6915,0924,4426,4556,75410,1376,2685,0485,6607,581
Expenses2,7312,8532,6263,5505,0014,3046,1746,5829,2356,5995,0605,7147,266
Operating Profit208108714190139281172902-331-12-55315
OPM %7%4%0%4%2%3%4%3%9%-5%-0%-1%4%
Other Income51281186221133177345828
Interest595227343438517394841043950
Depreciation79788282858587879089879092
Profit before tax76-10-9535-202216423752-326-169-127201
Tax %30%3%1%54%-14%72%23%35%26%28%28%31%25%
Net Profit53-10-9416-23612515554-236-121-87151
EPS in Rs1.08-0.19-1.920.33-0.470.122.560.3011.29-4.81-2.48-1.783.08

Last Updated: July 10, 2024, 8:04 pm

National Fertilizer Ltd Quarterly Chart

National Fertilizer Ltd Profit & Loss

Last Updated: July 10, 2024, 8:04 pm

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:14%
3 Years:26%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:-12%
3 Years:-14%
TTM:-67%
Stock Price CAGR
10 Years:16%
5 Years:36%
3 Years:34%
1 Year:109%
Return on Equity
10 Years:%
5 Years:9%
3 Years:7%
Last Year:6%

Last Updated: July 25, 2024, 5:52 am

National Fertilizer Ltd Balance Sheet

Last Updated: July 10, 2024, 8:04 pm

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 2023Mar 2024
Cash from Operating Activity 3041,8482,4531,661-2,703-3197,021-1,029-333668
Cash from Investing Activity -89-87-201-346-310-810-497-129-206-334
Cash from Financing Activity -214-1,760-2,250-1,3143,0221,132-6,5051,145526-318
Net Cash Flow12119320-14-1316

National Fertilizer Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days21622620516021021581655163
Inventory Days25496345906725905740
Days Payable15314442354742583333
Cash Conversion Cycle22524422416326523564977570
Working Capital Days24423218114720821242625061
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)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund135,7500.170.97135,7502024-07-240%
Taurus Largecap Equity Fund97,6181.840.7135,7502024-07-24-28.09%
Taurus ELSS Tax Saver Fund64,1600.680.46135,7502024-07-24-52.74%
Groww Nifty Total Market Index Fund3490.010135,7502024-07-24-99.74%

National Fertilizer Ltd ROCE Trend

National Fertilizer Ltd EPS Trend

National Fertilizer Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)3.069.34-1.944.83-3.69
Diluted EPS (Rs.)3.069.34-1.944.83-3.69
Cash EPS (Rs.)8.6916.499.0311.454.15
Book Value[Excl.RevalReserv]/Share (Rs.)52.0751.8141.7343.6338.77
Book Value[Incl.RevalReserv]/Share (Rs.)52.0751.8141.7343.6338.77
Revenue From Operations / Share (Rs.)480.25603.70323.23242.69267.75
PBDIT / Share (Rs.)14.6325.7712.4819.3018.67
PBIT / Share (Rs.)7.2518.585.6612.9411.04
PBT / Share (Rs.)1.8012.432.957.00-5.15
Net Profit / Share (Rs.)1.329.302.215.09-3.48
NP After MI And SOA / Share (Rs.)3.069.34-1.944.83-3.69
PBDIT Margin (%)3.044.263.867.956.97
PBIT Margin (%)1.513.071.755.334.12
PBT Margin (%)0.372.050.912.88-1.92
Net Profit Margin (%)0.271.540.682.09-1.30
NP After MI And SOA Margin (%)0.631.54-0.591.99-1.37
Return on Networth / Equity (%)5.8718.03-4.6411.07-9.51
Return on Capital Employeed (%)8.0317.795.6912.3210.70
Return On Assets (%)1.333.65-0.902.81-1.24
Long Term Debt / Equity (X)0.000.210.300.300.31
Total Debt / Equity (X)1.601.571.550.834.17
Asset Turnover Ratio (%)1.982.571.661.030.92
Current Ratio (X)0.981.081.031.071.03
Quick Ratio (X)0.720.660.620.940.89
Inventory Turnover Ratio (X)3.164.004.624.313.20
Dividend Payout Ratio (NP) (%)0.000.000.000.00-56.18
Dividend Payout Ratio (CP) (%)0.000.000.000.0052.60
Earning Retention Ratio (%)0.000.000.000.00156.18
Cash Earning Retention Ratio (%)0.000.000.000.0047.40
Interest Coverage Ratio (X)2.684.194.613.252.26
Interest Coverage Ratio (Post Tax) (X)1.242.511.811.861.54
Enterprise Value (Cr.)8348.857529.525743.284502.878806.18
EV / Net Operating Revenue (X)0.350.250.360.370.67
EV / EBITDA (X)11.645.969.384.759.61
MarketCap / Net Operating Revenue (X)0.180.120.160.230.06
Retention Ratios (%)0.000.000.000.00156.18
Price / BV (X)1.681.401.271.290.47
Price / Net Operating Revenue (X)0.180.120.160.230.06
EarningsYield0.030.12-0.030.08-0.20

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

Fair Value: 149.78

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.

Undervalued: 1.89% compared to the current price 147

Intrinsic Value: 220.47

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 49.98% compared to the current price 147

Last 5 Year EPS CAGR: 47.20%

*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 has a low average ROCE of 6.70%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 143.90, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 166.20, which may not be favorable.
  4. The company has higher borrowings (4,867.90) compared to reserves (1,550.40), which may suggest financial risk.

FAQ

What is the latest fair value of National Fertilizer Ltd?

The latest fair value of National Fertilizer Ltd is ₹149.78.

What is the Market Cap of National Fertilizer Ltd?

The Market Cap of National Fertilizer Ltd is 7,185 Cr..

What is the current Stock Price of National Fertilizer Ltd as on 27 July 2024?

The current stock price of National Fertilizer Ltd as on 27 July 2024 is 147.

What is the High / Low of National Fertilizer Ltd stocks in FY 2024?

In FY 2024, the High / Low of National Fertilizer Ltd stocks is 170/65.0.

What is the Stock P/E of National Fertilizer Ltd?

The Stock P/E of National Fertilizer Ltd is 47.9.

What is the Book Value of National Fertilizer Ltd?

The Book Value of National Fertilizer Ltd is 52.1.

What is the Dividend Yield of National Fertilizer Ltd?

The Dividend Yield of National Fertilizer Ltd is 1.90 %.

What is the ROCE of National Fertilizer Ltd?

The ROCE of National Fertilizer Ltd is 6.69 %.

What is the ROE of National Fertilizer Ltd?

The ROE of National Fertilizer Ltd is 5.89 %.

What is the Face Value of National Fertilizer Ltd?

The Face Value of National Fertilizer Ltd is 10.0.

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