National Fertilizers quarterly results and financials

National Fertilizers (NFL)₹63.69+0.02%(9 Nov 2026 close)Fertilizers

Key facts

In the Jun 2026 quarter (consolidated), National Fertilizers reported sales of ₹4,494 Cr, up 27.5% from Jun 2025, and net profit of ₹113 Cr. For the year to Mar 2026, sales were ₹21,468 Cr and net profit ₹211 Cr.

Sales (Jun 2026): ₹4,494 Cr
Net profit (Jun 2026): ₹113 Cr
Sales (FY Mar 2026): ₹21,468 Cr
Net profit (FY Mar 2026): ₹211 Cr
EPS (Jun 2026): ₹2.32
Borrowings (Mar 2026): ₹3,949 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

National Fertilizers quarterly results

₹ crore unless stated; each column is a quarter.

National Fertilizers Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	5,645	7,574	5,271	5,082	4,383	5,849	4,450	3,526	6,745	6,859	4,337	4,494
Expenses	5,726	7,290	4,915	4,994	4,273	5,728	4,234	3,463	6,676	6,586	4,036	4,246
Operating Profit	−54.81	317	377	107	125	145	233	80.77	103	295	320	266
OPM %	−1.0%	4.2%	7.0%	2.1%	2.9%	2.5%	5.0%	2.3%	1.5%	4.3%	7.0%	6.0%
Other Income	57.88	24.94	54.91	52.84	36.93	46.87	61.89	8.99	14.98	58.89	45.91	53.85
Interest	39.13	50.21	74.31	90.38	60.18	41.12	35.10	46.17	55.23	72.30	77.22	79.30
Depreciation	90.30	92.28	92.37	91.38	93.29	94.37	95.35	96.30	99.32	110	100	104
Profit before tax	−127	202	269	−21.06	9.04	57.16	167	−52.19	−36.12	173	191	139
Tax %	−31.0%	25.0%	23.0%	−59.0%	−35.0%	19.0%	19.0%	−24.0%	0.0%	22.0%	20.0%	18.0%
Net Profit	−87.08	151	208	−9.01	12.01	45.99	135	−38.99	−36.01	135	152	113
EPS (Rs)	−1.79	3.09	4.24	−0.19	0.26	0.94	2.76	−0.81	−0.74	2.77	3.10	2.32

National Fertilizers profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

National Fertilizers Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,745	7,586	8,921	12,407	13,100	11,877	15,836	29,542	23,498	19,766	21,468	22,435
Expenses	7,213	7,063	8,419	11,441	12,317	11,031	15,515	28,572	22,985	19,236	20,732	21,544
Operating Profit	558	557	537	1,009	849	901	387	1,073	614	613	834	984
OPM %	7.0%	7.0%	6.0%	8.0%	6.0%	8.0%	2.4%	3.6%	2.6%	3.1%	3.9%	4.4%
Other Income	44.87	44.90	61.87	51.86	−330	32.93	25.94	194	196	203	95.82	174
Interest	232	194	193	321	410	295	138	309	278	234	254	284
Depreciation	87.31	85.33	73.26	286	375	313	336	354	363	374	406	414
Profit before tax	288	326	336	461	−264	332	−58.22	614	175	213	276	466
Tax %	31.0%	36.0%	36.0%	36.0%	−31.0%	28.0%	63.0%	25.0%	14.0%	13.0%	23.0%	—
Exceptional items	0.00	0.99	24.98	1.99	−376	0.99	1.99	0.00	7.99	16.98	3.99	—
Net Profit	197	208	213	294	−181	237	−94.98	458	150	184	211	364
EPS (Rs)	4.03	4.25	4.35	6.00	−3.70	4.84	−1.95	9.35	3.07	3.76	4.32	7.45
Dividend payout %	29.9%	0.0%	0.0%	31.0%	−26.1%	0.0%	0.0%	30.0%	9.0%	41.9%	23.9%	—

National Fertilizers balance sheet

₹ crore, at each year end.

National Fertilizers Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	492	492	492	492	491	492	492	492	491	492	492	492
Reserves	991	1,200	1,334	1,494	1,721	1,413	1,651	1,589	2,053	2,056	2,225	2,352
Borrowings	7,616	6,103	4,123	3,050	6,441	8,071	1,887	3,159	3,983	4,076	1,995	3,949
Other Liabilities	4,322	4,193	4,203	4,560	5,210	4,548	4,362	5,224	5,973	4,547	4,582	4,904
Total Liabilities	13,421	11,986	10,150	9,596	13,863	14,522	8,390	10,464	12,499	11,170	9,293	11,697
Fixed Assets	4,427	4,243	4,044	4,064	3,982	3,711	3,600	4,215	3,954	3,820	3,681	3,521
CWIP	39.11	33.11	51.18	64.17	134	658	865	138	179	243	173	161
Investments	0.00	23.02	152	217	265	324	417	258	259	337	444	497
Other Assets	8,954	7,688	5,903	5,251	9,482	9,830	3,508	5,852	8,108	6,772	4,996	7,519
Inventories	287	488	576	527	1,585	1,275	439	2,251	3,065	1,747	914	1,087
Trade receivables	5,044	4,821	4,283	3,939	7,179	7,755	2,644	2,817	4,132	4,051	3,282	5,426
Cash & equivalents	4.98	6.98	7.96	9.96	18.93	21.92	41.86	28.88	15.94	37.83	32.89	58.75
Total Assets	13,421	11,986	10,150	9,596	13,863	14,522	8,390	10,464	12,499	11,170	9,293	11,697

National Fertilizers cash flow

₹ crore, for each year.

National Fertilizers Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	304	1,847	2,452	1,658	−2,699	−319	7,016	−1,028	−333	667	2,589	−1,341
Cash from investing activity	−89.22	−87.20	−202	−347	−311	−812	−498	−129	−207	−335	−271	−263
Cash from financing activity	−215	−1,766	−2,256	−1,318	3,032	1,135	−6,523	1,149	528	−319	−2,340	1,648
Net cash flow	1.01	2.01	1.01	1.01	9.02	3.01	20.03	−14.03	−13.02	16.03	−12.03	37.05
Capex	114	77.84	94.75	340	266	755	413	297	208	292	203	228
Free cash flow	212	1,767	2,359	1,363	−2,962	−1,074	6,593	−1,319	−539	385	2,415	−1,562
CFO / OP %	79.0%	340.0%	452.0%	325.0%	−258.0%	−32.1%	779.0%	−252.0%	−18.1%	109.0%	411.0%	−155.1%

National Fertilizers ratios

Working-capital days and returns, by year.

National Fertilizers Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	215	225	204	159	209	214	80	64	50	62	59	91
Inventory days	25	49	63	45	90	67	25	90	57	41	28	29
Days payable	15	31	44	42	35	47	42	58	33	31	46	40
Cash conversion cycle	225	244	224	163	265	235	64	97	75	72	42	81
Working capital days	29	29	28	28	27	7	3	2	6	−4	0	0
ROCE %	—	6.0%	8.0%	9.0%	11.0%	6.0%	9.0%	2.0%	16.0%	7.0%	8.0%	9.0%

National Fertilizers: frequently asked questions

What are the latest quarterly results of National Fertilizers?

For the Jun 2026 quarter, National Fertilizers reported sales of ₹4,494 Cr, up 27.5% year on year and net profit of ₹113 Cr. The operating margin was 6.0%.

What is the annual revenue of National Fertilizers?

National Fertilizers' sales for the year to Mar 2026 were ₹21,468 Cr; over the last twelve months they were ₹22,435 Cr.

What is the net profit of National Fertilizers?

Net profit for the year to Mar 2026 was ₹211 Cr, and ₹364 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.45.

How much debt does National Fertilizers have?

National Fertilizers reported borrowings of ₹3,949 Cr at Mar 2026, against cash and equivalents of ₹58.75 Cr.

What is the free cash flow of National Fertilizers?

Cash from operations was −₹1,341 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1,562 Cr.

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