| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 4,500 | 3,534 | +27.3% |
| EBITDA | 267 | 88.6 | +201.1% |
| EBITDA margin | 5.9% | 2.5% | +3.4 pts |
| Profit before tax | 95.3 | −44.7 | — |
| Net profit | 113 | −39.4 | — |
| EPS | ₹2.31 | −₹0.80 | — |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,903 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 55.2 | 55.2 | 17.8 | 29.4 | 12.5 | ||
| 3,959 | 3,959 | 1,996 | 4,088 | 3,991 | ||
| 6,807 | — | — | — | — | ||
| 22,480 | 21,514 | 19,795 | 23,560 | 29,617 | ||
| — | +8.7% | −16.0% | −20.4% | — | ||
| 1,012 | 834 | 608 | 618 | 1,072 | ||
| 4.5% | 3.9% | 3.1% | 2.6% | 3.6% | ||
| 599 | 428 | 235 | 256 | 719 | ||
| 364 | 211 | 184 | 150 | 458 | ||
| 1.6% | 1.0% | 0.9% | 0.6% | 1.6% | ||
| ₹7.43 | ₹4.31 | ₹3.75 | ₹3.06 | ₹9.34 | ||
| — | +15.0% | +22.6% | −67.3% | — | ||
| — | −1,342 | 2,590 | 668 | −333 | ||
| — | −228 | −204 | −292 | −208 | ||
| −1,570 | −1,570 | 2,386 | 376 | −541 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,903.3 | |
| - Cash, Equiv & ST Investments | 12.5 | 29.4 | 17.8 | 55.2 | 55.2 | |
| + Total Debt | 3,990.9 | 4,088.3 | 1,995.8 | 3,959.3 | 3,959.3 | |
| Enterprise Value | — | — | — | — | 6,807.3 | |
| Revenue | 29,616.5 | 23,560.3 | 19,794.5 | 21,514.2 | 22,480.4 | |
| Growth %, YoY | — | -20.4 | -16.0 | +8.7 | — | |
| EBITDA | 1,071.6 | 618.1 | 607.7 | 833.7 | 1,011.8 | |
| Margin % | 3.62 | 2.62 | 3.07 | 3.87 | 4.50 | |
| EBIT | 718.8 | 256.4 | 234.7 | 428.3 | 598.9 | |
| Net Income | 458.3 | 150.1 | 184.0 | 211.5 | 364.3 | |
| Margin % | 1.55 | 0.64 | 0.93 | 0.98 | 1.62 | |
| EPS, Adj (current shares) | 9.34 | 3.06 | 3.75 | 4.31 | 7.43 | |
| Growth %, YoY | — | -67.3 | +22.6 | +15.0 | — | |
| Cash from Operations | -333.1 | 668.1 | 2,590.0 | -1,341.8 | — | |
| Capital Expenditures | -208.3 | -292.4 | -204.0 | -227.9 | — | |
| Free Cash Flow | -541.4 | 375.6 | 2,386.0 | -1,569.6 | -1,569.6 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
National Fertilizers (NSE: NFL) had a market capitalisation of ₹2,943 crore at the 29 October 2026 close (₹59.99 a share), a PE ratio of 8.1 on the last four quarters' profit and a price-to-book ratio of 1.04. In FY26 its consolidated net profit was ₹211 crore on revenue of ₹21,514 crore; in Q1 FY27 (April–June 2026) it was ₹113 crore. Its debt-to-equity ratio was 1.39 on 31 March 2026. Promoters held 74.71% of the shares on 30 September 2026.
National Fertilizers' PE ratio is 8.1 at the 29 October 2026 close (₹59.99 a share): a market capitalisation of ₹2,943 crore divided by consolidated net profit of ₹364 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹211 crore) it is 13.9.
National Fertilizers' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,841 crore on 31 March 2026, up 4.6% from ₹2,716 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,943 crore at the 29 October 2026 close.
National Fertilizers' book value per share was ₹57.91 on 31 March 2026: shareholders' equity of ₹2,841 crore divided by the 49.06 crore shares in issue, up 4.6% from ₹55.36 a year earlier. The share price at the 29 October 2026 close was ₹59.99.
National Fertilizers' price-to-book (PB) ratio is 1.04 at the 29 October 2026 close: a market capitalisation of ₹2,943 crore divided by shareholders' equity (book value) of ₹2,841 crore on 31 March 2026. That is a book value of ₹57.91 per share against a share price of ₹59.99.
In FY26, National Fertilizers' return on equity (ROE) was 7.6% and its return on capital employed (ROCE) was 9.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 7.0% and ROCE 5.3%.
National Fertilizers' dividend yield is 1.73% at the 29 October 2026 close: dividends of ₹1.04 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹59.99. They were ₹1.04 on 11 September 2026.
National Fertilizers' market capitalisation was ₹2,943 crore at the 29 October 2026 close: 49.06 crore shares at ₹59.99 each.
No. National Fertilizers had borrowings of ₹3,959 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 1.39. Its cash and current investments were ₹59.1 crore, so its net debt was ₹3,900 crore.
National Fertilizers' basic earnings per share (EPS) were ₹4.31 in FY26, against ₹3.75 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹7.43.
National Fertilizers' debt-to-equity ratio was 1.39 on 31 March 2026: borrowings of ₹3,959 crore against total equity of ₹2,841 crore. A year earlier, on 31 March 2025, it was 0.73.
Promoters held 74.71% of National Fertilizers on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
National Fertilizers has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
In 2026, National Fertilizers has declared one dividend: ₹1.04 with record date 14 September 2026 and ex-date 11 September 2026.
In FY26, National Fertilizers generated ₹1,342 crore of cash from operations and spent ₹228 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹1,570 crore. In FY25 it was ₹2,386 crore.
National Fertilizers' latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹113 crore, against a loss of ₹39.4 crore in Q1 FY26; revenue from operations ₹4,500 crore, up 27.3% year on year.
On 30 September 2026, National Fertilizers' shares were held by promoters 74.71%, foreign portfolio investors (FII/FPI) 0.51%, domestic institutions (DII) 4.81% (including mutual funds at 0.07%) and retail and other non-institutional investors 19.96%. Over the year, FII holding was down 0.40 percentage points from 0.91% and DII holding was down 1.18 percentage points from 5.99%.
In FY26 (April 2025–March 2026), National Fertilizers' consolidated net profit was ₹211 crore, up 15.0% from ₹184 crore in FY25, on revenue from operations of ₹21,514 crore (up 8.7%). Over three years, from FY23, net profit was down 53.9%.
At the 29 October 2026 closing prices, on FY26 net profit, National Fertilizers' PE ratio is 13.9, the highest of the four: Rashtriya Chemicals & Fertilizers 12.5, Chambal Fertilizers & Chemicals 7.5 and Gujarat Narmada Valley Fertilizers and Chemicals 9.4, a peer average of 9.8. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Rashtriya Chemicals & Fertilizers, Chambal Fertilizers & Chemicals and Gujarat Narmada Valley Fertilizers and Chemicals: National Fertilizers' operating margin of 2.0% is the lowest of the four (Rashtriya Chemicals & Fertilizers 3.5%, Chambal Fertilizers & Chemicals 11.2%, Gujarat Narmada Valley Fertilizers and Chemicals 7.4%; peer average 7.4%); its return on equity of 7.6% is the lowest of the four (Rashtriya Chemicals & Fertilizers 8.7%, Chambal Fertilizers & Chemicals 20.4%, Gujarat Narmada Valley Fertilizers and Chemicals 9.1%; peer average 12.7%); its revenue growth over three years of −10.1% a year is the lowest of the four (Rashtriya Chemicals & Fertilizers −4.9% a year, Chambal Fertilizers & Chemicals −9.2% a year, Gujarat Narmada Valley Fertilizers and Chemicals −8.7% a year; peer average −7.6% a year).
In FY26, National Fertilizers earned net profit of ₹211 crore on revenue of ₹21,514 crore, against ₹427 crore on ₹18,480 crore for Rashtriya Chemicals & Fertilizers. National Fertilizers' operating margin was 2.0% (Rashtriya Chemicals & Fertilizers 3.5%) and its return on equity 7.6% (Rashtriya Chemicals & Fertilizers 8.7%). At the 29 October 2026 close, National Fertilizers' market capitalisation was ₹2,943 crore against ₹5,344 crore for Rashtriya Chemicals & Fertilizers, and its PE ratio on FY26 profit 13.9 against 12.5.
From National Fertilizers' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.