National Fertilizer Ltd (NFL) — shareholding pattern, promoter holding, financials and share price
About National Fertilizer Ltd (NFL)
National Fertilizer Ltd operates in the Fertilizers industry, within the Chemicals sector. It trades on the NSE as NFL and on the BSE under scrip code 523630. Its ISIN is INE870D01012.
National Fertilizers Limited is engaged in production and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products. It is also engaged in trading of Imported and Domestic Fertilizers, Compost, Seeds and other Agro products. [1]
National Fertilizers Limited (NFL) is a Navratna Central Public Sector Enterprise producing and marketing fertilizers and allied agri-inputs; it operates five gas-based urea plants (Nangal, Bathinda, Panipat, Vijaipur I & II), multiple industrial chemical lines and a pan‑India distribution network under the Kisan brand, with the Government of India holding a 74.71% stake.
NFL is the country’s second-largest urea capacity holder and the largest among PSUs, with plants placed in high-demand agricultural states; the company also markets third-party/manufactured urea from RFCL under JV arrangements, creating a vertically integrated production and marketing model concentrated on north and central India.
Listed peers in Fertilizers: Krishana Phoschem Ltd, Mangalore Chemicals & Fertilizers Ltd, Kothari Industrial Corporation Ltd, Southern Petrochemicals Industries Corporation Ltd, Madras Fertilizers Ltd, Zuari Agro Chemicals Ltd.
Valuation & Returns
28 Jul 2026At ₹71.26 a share on 28 Jul 2026, National Fertilizer Ltd (NFL) was valued at a price-to-earnings ratio of 16.53x against an industry P/E of 22.44x and a price-to-book of 1.29x on a book value of ₹55.36 per share as of Mar 2025. Solomo computes return on equity of 7.79% and return on capital employed of 11.11% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 16.53x
- Industry P/E
- 22.44x
- P/B
- 1.29x
- EPS (TTM)
- ₹4.31
- Book value / share
- ₹55.36
- ROE
- 7.79%
- ROCE
- 11.11%
- ROA
- 2.27%
- Debt / equity
- 0.74x
- Dividend yield
- 2.19%
- EBITDA margin
- 4.32%
- 52-week range
- ₹63.9 – ₹103
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, National Fertilizer Ltd (NFL) reported revenue of ₹21,514 crore, net profit of ₹211 crore and earnings per share of ₹4.31. That compares with revenue of ₹19,798 crore and net profit of ₹184 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹4,347 crore and net profit ₹152 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 15,857 | 29,587 | 23,556 | 19,798 | 21,514 |
| Net profit (₹ cr) | -95 | 458 | 150 | 184 | 211 |
| EPS (₹) | -1.94 | 9.34 | 3.06 | 3.75 | 4.31 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 10.91% | 8.55% | 7.67% | -15.98% |
| Profit growth | -10.09% | - | -11.01% | 22.61% |
| Stock price CAGR | 8% | 3% | 0% | -26% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.71% of National Fertilizer Ltd (NFL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.55% and domestic institutional investors (DII) hold 4.92%. Market capitalisation was ₹3,496 crore on 28 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: LIFE INSURANCE CORPORATION OF INDIA 3.59%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.71% | - | 0.55% | 4.92% | 25.29% |
| Mar 2026 | 74.71% | - | 0.69% | 5.53% | 25.29% |
| Dec 2025 | 74.71% | - | 1.07% | 5.91% | 25.29% |
| Sep 2025 | 74.71% | - | 0.91% | 5.99% | 25.29% |
| Jun 2025 | 74.71% | - | 0.49% | 6.21% | 25.29% |
| Mar 2025 | 74.71% | - | 0.6% | 6.83% | 25.29% |
| Dec 2024 | 74.71% | - | 0.42% | 7.28% | 25.29% |
| Sep 2024 | 74.71% | - | 0.41% | 7.27% | 25.29% |