National Fertilizers Ltd
National Fertilizers Ltd (NFL) last reported results for the quarter ended Jun 2026, with sales of ₹4,500 crore and net profit of ₹113 crore. The stock last traded at ₹61.7, a market capitalisation of ₹3,027 crore, on a P/E of 8.31. Over the past 52 weeks the stock has ranged between ₹61.2 and ₹98.4. Figures are as of 9 Oct 2026 and are not real time.
National Fertilizers Ltd share price and key metrics
- Current price
- ₹61.7
- Market cap
- ₹3,027 cr
- Stock P/E
- 8.31
- Book value
- ₹57.9
- ROE
- 7.47%
- ROCE
- 9.10%
- Dividend yield
- 1.68%
- 52w high / low
- 98.4/61.2
Metrics as of 9 Oct 2026. Not real time.
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National Fertilizers Ltd growth and returns
- 10 Years
- 11%
- 5 Years
- 13%
- 3 Years
- -10%
- TTM
- 23%
- 10 Years
- 1%
- 5 Years
- -3%
- 3 Years
- -23%
- TTM
- 138%
- 10 Years
- 6%
- 5 Years
- 1%
- 3 Years
- -4%
- 1 Year
- -34%
- 10 Years
- 9%
- 5 Years
- 7%
- 3 Years
- 6%
- Last Year
- 7%
National Fertilizers Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹4,500 cr, up 27.3% from ₹3,534 cr a year earlier. Net profit turned positive at ₹113 cr.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,390 | 5,856 | 4,457 | 3,534 | 6,763 | 6,870 | 4,347 | 4,500 |
| Expenses | 4,265 | 5,710 | 4,222 | 3,453 | 6,660 | 6,574 | 4,026 | 4,234 |
| Operating profit | 125 | 146 | 234 | 81 | 103 | 296 | 321 | 267 |
| OPM % | 2.9% | 2.5% | 5% | 2.3% | 1.5% | 4.3% | 7% | 6% |
| Other income | 37 | 47 | 62 | 9 | 15 | 59 | 46 | 54 |
| Interest | 60 | 41 | 35 | 46 | 55 | 72 | 77 | 79 |
| Depreciation | 93 | 94 | 95 | 96 | 99 | 110 | 100 | 104 |
| Profit before tax | 9 | 57 | 167 | -52 | -36 | 172 | 190 | 138 |
| Tax % | -35% | 19% | 19% | -24% | -0% | 22% | 20% | 18% |
| Net profit | 12 | 46 | 135 | -39 | -36 | 135 | 152 | 113 |
| EPS (₹) | 0.25 | 0.93 | 2.75 | -0.80 | -0.73 | 2.76 | 3.09 | 2.31 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
National Fertilizers Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,600 | 8,943 | 12,429 | 13,135 | 11,906 | 15,857 | 29,587 | 23,556 | 19,798 | 21,519 | 22,480 |
| Operating profit | 559 | 539 | 1,012 | 852 | 904 | 388 | 1,077 | 617 | 615 | 837 | 986 |
| OPM % | 7% | 6% | 8% | 6% | 8% | 2.4% | 3.6% | 2.6% | 3.1% | 3.9% | 4.4% |
| Net profit | 208 | 213 | 294 | -181 | 237 | -95 | 458 | 150 | 184 | 211 | 364 |
| EPS (₹) | 4.24 | 4.34 | 5.99 | -3.69 | 4.83 | -1.94 | 9.34 | 3.06 | 3.75 | 4.31 | 7.43 |
TTM is the trailing twelve months to the most recent quarter.
National Fertilizers Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 | 491 |
| Reserves | 1,334 | 1,495 | 1,720 | 1,412 | 1,650 | 1,589 | 2,051 | 2,055 | 2,225 | 2,350 |
| Borrowings | 4,135 | 3,061 | 6,464 | 8,103 | 1,892 | 3,172 | 3,993 | 4,091 | 2,001 | 3,964 |
| Other liabilities | 4,223 | 4,582 | 5,231 | 4,561 | 4,382 | 5,244 | 6,002 | 4,563 | 4,599 | 4,923 |
| Total liabilities | 10,182 | 9,628 | 13,905 | 14,565 | 8,414 | 10,496 | 12,536 | 11,199 | 9,316 | 11,728 |
| Fixed assets | 4,059 | 4,080 | 3,993 | 3,726 | 3,615 | 4,230 | 3,969 | 3,831 | 3,694 | 3,534 |
| CWIP | 51 | 64 | 133 | 656 | 862 | 138 | 178 | 242 | 172 | 161 |
| Investments | 152 | 217 | 265 | 323 | 416 | 257 | 259 | 336 | 443 | 496 |
| Other assets | 5,921 | 5,268 | 9,513 | 9,861 | 3,520 | 5,870 | 8,131 | 6,791 | 5,007 | 7,538 |
| Total assets | 10,182 | 9,628 | 13,905 | 14,565 | 8,414 | 10,496 | 12,536 | 11,199 | 9,316 | 11,728 |
As reported by the company. Total assets equal total liabilities by construction.
National Fertilizers Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,453 | 1,661 | -2,703 | -319 | 7,021 | -1,029 | -333 | 668 | 2,593 | -1,342 |
| Cash from investing | -201 | -346 | -310 | -810 | -497 | -129 | -206 | -334 | -270 | -263 |
| Cash from financing | -2,250 | -1,314 | 3,022 | 1,132 | -6,505 | 1,145 | 526 | -318 | -2,334 | 1,643 |
| Net cash flow | 1 | 1 | 9 | 3 | 20 | -14 | -13 | 16 | -12 | 37 |
| Free cash flow | 2,364 | 1,364 | -2,969 | -1,075 | 6,607 | -1,322 | -540 | 386 | 2,421 | -1,564 |
| CFO / operating profit | 452% | 325% | -258% | -32% | 779% | -252% | -18% | 109% | 411% | -155% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
National Fertilizers Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 8% | 9% | 11% | 6% | 9% | 2% | 16% | 7% | 8% | 9% |
| Debtor days | 205 | 160 | 210 | 215 | 81 | 65 | 51 | 63 | 60 | 92 |
| Inventory days | 63 | 45 | 90 | 67 | 25 | 90 | 57 | 41 | 28 | 29 |
| Days payable | 44 | 42 | 35 | 47 | 42 | 58 | 33 | 31 | 46 | 40 |
| Cash conversion cycle | 224 | 163 | 265 | 235 | 64 | 97 | 75 | 72 | 42 | 81 |
| Working capital days | 29 | 29 | 28 | 8 | 4 | 3 | 7 | -3 | 0 | 0 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
National Fertilizers Ltd shareholding pattern
Promoters held 74.71% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.54% and DIIs 4.92%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% | 74.71% |
| FIIs | 0.41% | 0.42% | 0.60% | 0.49% | 0.91% | 1.06% | 0.70% | 0.54% |
| DIIs | 7.27% | 7.28% | 6.83% | 6.21% | 5.99% | 5.91% | 5.53% | 4.92% |
| Public | 17.60% | 17.58% | 17.85% | 18.58% | 18.39% | 18.31% | 19.05% | 19.81% |
| No. of shareholders | 3,15,448 | 3,07,998 | 3,10,563 | 3,10,847 | 2,99,076 | 2,89,521 | 2,87,339 | 2,84,253 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
National Fertilizers Ltd corporate filings
- Company announces newspaper publication regarding Special Window for Transfer and Dematerialization of Physical SecuritiesCompany Updatelow impact
Cruxal's analysis: National Fertilizers Ltd has issued a regulatory update on October 8, 2026, related to…
Read the full analysis - National Fertilizers Ltd repays commercial paper, quarterly certificate issued to IPA for quarter ending 30.09.2026Otherslow impact
Cruxal's analysis: The company has issued a quarterly certificate to the IPA confirming the repayment of its…
Read the full analysis - Market-moving corporate announcement: Significant financial and strategic updates from National Fertilizers Limited (NFL) including strong FY 2025-26 results, multiple board approvals for future growth initiatives, and key director appointments.AGM/EGMhigh impact
Cruxal's analysis: National Fertilizers Limited (NFL) reported a robust FY 2025-26 with a net profit of…
Read the full analysis - Intimation for closure of Trading Window.Insider Trading / SASTlow impact
- National Fertilizers Limited shareholders approve final dividend of INR 1.04 per share and increased borrowing limits at 52nd AGMAGM/EGMmedium impact
Cruxal's analysis: National Fertilizers Limited has successfully concluded its 52nd Annual General Meeting…
Read the full analysis - National Fertilizers Ltd files revised FY 2025-26 Annual Report incorporating C&AG commentsOtherslow impact
Cruxal's analysis: National Fertilizers Ltd has submitted a revised Annual Report for the financial year…
Read the full analysis - National Fertilizers Limited concludes 52nd AGM; approves final dividend of INR 1.04 per share and increases borrowing limitsAGM/EGMmedium impact
Cruxal's analysis: National Fertilizers Limited has successfully concluded its 52nd Annual General Meeting…
Read the full analysis - National Fertilizers Limited Announces Appointment of Joint Statutory Auditors for FY 2026-27Company Updatelow impact
Cruxal's analysis: National Fertilizers Limited has formally announced the appointment of M/s Dassani &…
Read the full analysis - National Fertilizers Ltd publishes addendum to 52nd Annual Report regarding C&AG commentsCompany Updatelow impact
Cruxal's analysis: National Fertilizers Ltd has released newspaper clippings regarding an addendum to its…
Read the full analysis - National Fertilizers Ltd releases addendum to 52nd Annual Report regarding C&AG commentsCompany Updatelow impact
Cruxal's analysis: National Fertilizers Ltd has filed an addendum to its 52nd Annual Report, incorporating…
Read the full analysis - National Fertilizers Limited receives C&AG clearance for FY 2025-26 financial statements following audit revisionsAGM/EGMlow impact
Cruxal's analysis: National Fertilizers Limited has released the comments from the Comptroller and Auditor…
Read the full analysis - National Fertilizers Limited Announces Senior Management Transition with Appointment of New Executive DirectorCompany Updatelow impact
Cruxal's analysis: National Fertilizers Limited has announced a change in its senior management team…
Read the full analysis - National Fertilizers Ltd announces retirement of senior management personnelCompany Updatelow impact
Cruxal's analysis: National Fertilizers Limited has filed a disclosure under Regulation 30 of the SEBI…
Read the full analysis - National Fertilizers Ltd announces newspaper publication of 52nd Annual General Meeting noticeCompany Updatelow impact
Cruxal's analysis: National Fertilizers Ltd has published the notice for its 52nd Annual General Meeting in…
Read the full analysis - National Fertilizers Ltd announces Business Responsibility and Sustainability Reporting (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: National Fertilizers Ltd has filed a disclosure regarding its Business Responsibility and…
Read the full analysis - National Fertilizers Limited Announces 52nd AGM, Final Dividend of INR 1.04 per share, and Increased Borrowing LimitsAGM/EGMmedium impact
Cruxal's analysis: National Fertilizers Limited (NFL) has scheduled its 52nd Annual General Meeting for…
Read the full analysis - National Fertilizers Ltd announces 52nd Annual General Meeting scheduled for September 22, 2026Otherslow impact
Cruxal's analysis: National Fertilizers Ltd has released the notice for its 52nd Annual General Meeting…
Read the full analysis - National Fertilizers Ltd issues corrigendum regarding cut-off date for 52nd Annual General Meeting e-votingCompany Updatelow impact
Cruxal's analysis: National Fertilizers Ltd has published newspaper clippings regarding a corrigendum for…
Read the full analysis - National Fertilizers Limited issues corrigendum regarding cut-off date for 52nd Annual General Meeting e-votingAGM/EGMlow impact
Cruxal's analysis: National Fertilizers Limited has issued a formal corrigendum to correct a typographical…
Read the full analysis - National Fertilizers Limited appoints Shri Mahak Singh as Non-official Independent DirectorCompany Updatelow impact
Cruxal's analysis: National Fertilizers Limited has announced the appointment of Shri Mahak Singh as an…
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