Madhya Bharat Agro Products Ltd (MBAPL) — shareholding pattern, promoter holding, financials and share price
About Madhya Bharat Agro Products Ltd (MBAPL)
Madhya Bharat Agro Products Ltd operates in the Fertilizers industry, within the Chemicals sector. It trades on the NSE as MBAPL and on the BSE under scrip code 538370. Its ISIN is INE900L01028.
Madhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products. [1]
Madhya Bharat Agro Products Ltd (MBAPL) is a vertically integrated Indian fertiliser manufacturer producing SSP, NPK/DAP, phosphoric acid, sulphuric acid and beneficiated rock phosphate, with manufacturing units in Madhya Pradesh and Maharashtra and branded products sold under ‘Anndadata’ and ‘Bharat’. The company is part of the Ostwal Group and focuses on backward integration and brownfield expansions.
MBAPL delivered FY26 record performance with ₹1,867 crore revenue and ₹150 crore PAT, driven by high capacity utilisation, operational leverage and improved subsidy pass‑through; management reports significant YoY growth and an upgraded A+/Stable credit rating, reflecting disciplined balance sheet management and access to term financing for capex.
Listed peers in Fertilizers: Rashtriya Chemicals & Fertilizers Ltd, Gujarat State Fertilizers & Chemicals Ltd, Krishana Phoschem Ltd, Mangalore Chemicals & Fertilizers Ltd, National Fertilizer Ltd, Kothari Industrial Corporation Ltd.
Valuation & Returns
10 Jul 2026At ₹131.25 a share on 10 Jul 2026, Madhya Bharat Agro Products Ltd (MBAPL) was valued at a price-to-earnings ratio of 38.29x against an industry P/E of 22.12x and a price-to-book of 14.24x on a book value of ₹9.22 per share as of Mar 2025. Solomo computes return on equity of 37.19% and return on capital employed of 28.58% from filed results. Earnings ratios use standalone results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 38.29x
- Industry P/E
- 22.12x
- P/B
- 14.24x
- EPS (TTM)
- ₹3.43
- Book value / share
- ₹9.22
- ROE
- 37.19%
- ROCE
- 28.58%
- ROA
- 15.88%
- Debt / equity
- 0.79x
- Dividend yield
- 0.76%
- EBITDA margin
- 13.04%
- 52-week range
- ₹74.63 – ₹133.4
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Madhya Bharat Agro Products Ltd (MBAPL) reported revenue of ₹1,867 crore, net profit of ₹150 crore and earnings per share of ₹3.43. That compares with revenue of ₹1,058 crore and net profit of ₹57 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Jun 2026, revenue was ₹416 crore and net profit ₹33 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 490 | 981 | 815 | 1,058 | 1,867 |
| Net profit (₹ cr) | 57 | 124 | 25 | 57 | 150 |
| EPS (₹) | 1.3 | 2.83 | 0.57 | 1.31 | 3.43 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 36.36% | 51.92% | 29.17% | 29.65% |
| Profit growth | 22.57% | 31.11% | 0.27% | 131.40% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.76% of Madhya Bharat Agro Products Ltd (MBAPL) (unchanged from the previous quarter). Market capitalisation was ₹5,751 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2016.
Largest disclosed public shareholders in Jun 2026: VISUALIZE TRADECOM PRIVATE LIMITED 3.98%, SUSWANI TEXTILE PVT LTD 2.85%, SWASTIK CLOTHTEX PRIVATE LIMITED 1.42%, MAHENDRA GARG 1.24%, SHASHI ASHOK JAIN 1.04%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.76% | - | - | - | - |
| Mar 2026 | 74.76% | - | - | - | - |
| Dec 2025 | 74.76% | - | - | - | - |
| Sep 2025 | 74.63% | - | - | - | - |
| Jun 2025 | 74.56% | - | - | - | - |
| Mar 2025 | 74.56% | - | - | - | - |
| Dec 2024 | 74.56% | - | - | - | - |
| Sep 2024 | 74.53% | - | - | - | - |