NFL · National Fertilizers Ltd · Chemical Manufacturing
NFL · National Fertilizers Ltd · Chemical Manufacturing
As of 06 Nov close
52-week range
35.4% below 52-week high
52-week range: as of 06 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old
Revenue (latest Q)
₹4,500 Cr
Revenue YoY
PAT YoY
+387.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
1.2
P/S (TTM)
0.2
Sector P/E
20.6
Dividend yield
+1.5%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| NFL (this stock) | 10 | 1.2 | +1.6% | +12.8% | 1.4 | +1.5% |
| Asian Paints | 53 | 11.1 | +12.8% | +22.3% | 0.18 | +1.1% |
| Solar Industries India | 99.6 | 26.6 | +17.6% | +31.4% | 13.68 | +0.1% |
| Pidilite Industries | 61.3 | 19.4 | +17.2% | +24.4% | 0.04 | +0.7% |
Promoter
stable
FII
falling 2q
MF
0.07% (-0.01pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedNational Fertilizers Limited (NFL) reported a Profit Before Tax of ₹104.08 crore for FY2024-25, up from ₹88.52 crore in the prior year, driven by higher contributions from urea sales and industrial products. The company’s paid-up capital is ₹490.58 crore, with a recommended final dividend of ₹76.53 crore. Key financial ratios include a Debt/Equity Ratio of 1.82:1 and a Current Ratio of 1.16:1. The auditor noted no material changes or defaults in financial position, and no regulatory penalties were disclosed. However, a jointly controlled entity, Urvarak Videsh Limited, was declared dormant in 2015, raising a material uncertainty about its going concern status.
- Profit Before Tax increased to ₹104.08 crore in FY2024-25 due to higher urea and industrial product contributions.
- Paid-up capital is ₹490.58 crore, with a recommended final dividend of ₹76.53 crore.
- Debt/Equity Ratio stands at 1.82:1, and Current Ratio is 1.16:1.
- No defaults or regulatory penalties were disclosed for NFL itself.
- Urvarak Videsh Limited, a jointly controlled entity, was declared dormant in 2015, raising going concern uncertainty.
Key takeaway: NFL showed improved profitability in FY2024-25, but risks related to a dormant jointly controlled entity could impact its consolidated financial outlook.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items); Regulatory Action (3 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesRecent (last 12 months)
The auditor issued a revised report in response to the Comptroller & Auditor General of India's provisional comment, incorporating reporting against Direction No. 2, but no changes to the standalone financial statements figures for the year ended 31 March 2026.
Earlier (1-3 years ago)
The listed entity or its material subsidiaries had a resignation of statutory auditors during the financial year, and the entity complied with the relevant provisions of the LODR Regulations.
Regulatory Action
3 occurrencesRecent (last 12 months)
BSE and NSE have levied monetary fines against National Fertilizers Limited for non-compliance with SEBI (LODR) Regulations, 2015, as detailed in the Secretarial Compliance Report (Annexure-14). NFL has appealed for withdrawal of the notices and waiver of the fine.
Earlier (1-3 years ago)
NSE and BSE each imposed fines for non-compliance of Regulation 17(1), 19 and 17(1), 18(1), 19 for the Quarters ended December 31, 2024 and March 31, 2025 respectively.
The company paid a fine of INR 54,280 to BSE for non-disclosure of line items with financial results under SEBI (LODR) Regulations, 2015 for the quarter ended September 2022.
Routine disclosures
Internal Control Weakness
1 occurrenceRecent (last 12 months)
The Company has manual accounting entries for consolidations of joint ventures and seed transactions, which may indicate a potential weakness in IT systems and controls.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has reported contingent liabilities amounting to Rs. 923.64 Crores in Note No. 48 to standalone financial statement.
Earlier (1-3 years ago)
The company has outstanding subsidy receivable from the Department of Fertilizer, Government of India, which is a contingent liability.
The company has contingent liabilities related to the estimation of concession/Import Parity Price (IPP) rates yet to be notified, which may affect revenue recognition.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has disclosed related-party transactions involving Urvarak Videsh Limited and Ramagundam Fertilizers & Chemicals Limited, including details on key management personnel compensation and their relationships.
Earlier (1-3 years ago)
The company, a Central Public Sector Undertaking controlled by the Central Government, has transactions with other government-related entities, including purchases of fuel and services, and rendering consultancy and other services, which are conducted at market terms and through transparent price discovery processes.
The company had transactions of ₹706.23 crore with Ramagundam Fertilizers & Chemicals Limited during the year, including purchases, secondment salaries, marketing expenses, transportation, and services charges, with ₹170.87 crore recoverable and ₹231.32 crore payable as of 31 March 2024.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
The company has not deposited certain statutory dues related to GST, property tax, and entry tax, with amounts not deposited ranging from Rs. in crores, and disputes pending before various authorities including Punjab & Haryana High Court, MP High Court, and others.
Earlier (1-3 years ago)
The company has not deposited certain statutory dues as of 31st March 2025, including GST, Property Tax, and Punjab State GST Act dues, with disputes leading to outstanding amounts.
The company has statutory dues under various acts (e.g., Central Excise, Income Tax, GST) that have not been deposited as of 31 March 2024, with disputes pending before authorities like CESTAT, ITAT, and High Courts.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
4.46% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).