Reported Earnings • May 28
Full year 2026 earnings released: EPS: ₹4.31 (vs ₹3.75 in FY 2025) Full year 2026 results: EPS: ₹4.31 (up from ₹3.75 in FY 2025). Revenue: ₹215.7b (up 9.0% from FY 2025). Net income: ₹2.11b (up 15% from FY 2025). Profit margin: 1.0% (up from 0.9% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 19
National Fertilizers Limited to Report Q4, 2026 Results on May 27, 2026 National Fertilizers Limited announced that they will report Q4, 2026 results on May 27, 2026 Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: ₹2.76 (vs ₹0.93 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.76 (up from ₹0.93 in 3Q 2025). Revenue: ₹68.9b (up 18% from 3Q 2025). Net income: ₹1.35b (up 195% from 3Q 2025). Profit margin: 2.0% (up from 0.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Feb 03
National Fertilizers Limited to Report Q3, 2026 Results on Feb 13, 2026 National Fertilizers Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Announcement • Dec 20
National Fertilizers Limited Appoints Shri Anurag Rohatgi as Additional Director (Government Nominee Director) on the Board, Effective December 19, 2025 National Fertilizers Limited informed that Shri Anurag Rohatgi has been appointed as an Additional Director (Government Nominee Director) on the Board of the Company w.e.f. 19 December 2025 vice Shri Bharat Shushan, in terms of Order No. 95/1/2019-HR-PSU(Part-2) (e-31042) dated 18 December 2025 issued by Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India. He was born in September, 1970. He holds a Master's degree in Chemistry. He is also a Director on the Board of Hindustan Fertilizer Corporation Limited. Further, he had been an Additional Director in Hindustan Urvarak & Rasayan Limited (HURL) . Sh. Rohatgi's work expenence includes International Cooperation, Fertilizer Innovation, P&K Fertilizers, Non-Chemical (Organic) Fertilizers, PMKSKs, Chintan Shivir, Fertilizers/raw material. inputs . intelligence, Institutional Planning and Coordination. Currently, he serves as the Joint Secretary in Department of Fertilizers, the Min istry of Chemical & Fertilizers, Government of India. New Risk • Nov 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.5% Last year net profit margin: 1.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). High level of non-cash earnings (56% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Nov 03
National Fertilizers Limited to Report Q2, 2026 Results on Nov 11, 2025 National Fertilizers Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 11, 2025 Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.56 per share Eligible shareholders must have bought the stock before 22 September 2025. Payment date: 28 October 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.6%. Within top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.7%). Announcement • Aug 18
National Fertilizers Limited, Annual General Meeting, Sep 29, 2025 National Fertilizers Limited, Annual General Meeting, Sep 29, 2025, at 14:30 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₹35.3b (down 31% from 1Q 2025). Net loss: ₹394.4m (loss widened 354% from 1Q 2025). Announcement • Aug 15
National Fertilizers Limited announces Annual dividend, payable on October 28, 2025 National Fertilizers Limited announced Annual dividend of INR 1.5600 per share payable on October 28, 2025, ex-date on September 22, 2025 and record date on September 22, 2025. Announcement • Aug 09
National Fertilizers Limited to Report Q1, 2026 Results on Aug 14, 2025 National Fertilizers Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 31
Full year 2025 earnings released: EPS: ₹3.75 (vs ₹3.06 in FY 2024) Full year 2025 results: EPS: ₹3.75 (up from ₹3.06 in FY 2024). Revenue: ₹198.9b (down 16% from FY 2024). Net income: ₹1.84b (up 23% from FY 2024). Profit margin: 0.9% (up from 0.6% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 19
National Fertilizers Limited to Report Q4, 2025 Results on May 28, 2025 National Fertilizers Limited announced that they will report Q4, 2025 results on May 28, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹95.22, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 26x in the Chemicals industry in India. Total returns to shareholders of 89% over the past three years. Announcement • Apr 21
National Fertilizers Limited Announces Cessation of Shri Jyoti Bhramar Tubid as Non-Official Independent Director, Effective April 21, 2025 National Fertilizers Limited announced that the tenure of Shri Jyoti Bhramar Tubid, Non- Official Independent Director has been completed on April 20, 2025 and he has ceased to be Director on the Board of NFL with effect from April 21, 2025. Announcement • Mar 14
National Fertilizers Limited Appoints Mahesh Chander Gupta as Director (Marketing) National Fertilizers Limited announced that Shri Mahesh Chander Gupta has been appointed as an Director (Marketing) on the Board of the Company with effective from March 11, 2025 in terms of Order No. 82/1/2021-HR-PSU (Part-1) (e-36198) dated March 07, 2025 issued by Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India. Mr. Mahesh Chander Gupta has joined the National Fertilizer Board as Director (Marketing). Prior to this, he was serving as Chief General Manager (Business Development - Gas) in Indian Oil Corporation Limited (IOCl) heading Natural Gas Sourcing and Marketing at Corporate Office. A seasoned professional with over 30 years of experience, Mr. Gupta has played a pivotal role in upscaling of Natural Gas business for IOCl to new heights, establishing new business streams of Petrochemicals includ ing PTA & Polymers in domestic and global markets and other Business Development Activities. A Management Graduate from FMS, Udaipur as well as Cost & Management Accountant (Gold Medallist) besides advanced management programmes, Mr. Gupta .has held leadership positions across Petroleum Marketing, Petrochemicals Marketing, Natural Gas .Marketing business and Vigilance vertical. In his new role, he will spearhead National Fertilizer's expanding business portfolio with Differentiated Products to achieve Market leadership and work towards Energy Transition, Sustainability, Globalization and Strategic Diversification with Ambition of Self Sufficiency in Urea Production . His leadership will be instrumental in steerinq National Fertilizer's strategic growth in an evolving energy landscape. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: ₹0.93 (vs ₹3.08 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.93 (down from ₹3.08 in 3Q 2024). Revenue: ₹58.6b (down 23% from 3Q 2024). Net income: ₹458.1m (down 70% from 3Q 2024). Profit margin: 0.8% (down from 2.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Announcement • Jan 28
National Fertilizers Limited to Report Q3, 2025 Results on Feb 10, 2025 National Fertilizers Limited announced that they will report Q3, 2025 results on Feb 10, 2025 Board Change • Jan 25
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Non-Official Non-Executive Independent Director Jyoti Tubid is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Dec 01
National Fertilizers Limited Announces the Cessation of Venkata Sarvarayudu Thota as Non-Executive Independent Director National Fertilizers Limited announced that the tenure of Shri Venkata Sarvarayudu Thota Non-Executive Independent Director has been completed on November 29, 2024 and he has ceased to be Director on the Board of NFL with effect from November 30 2024. Announcement • Nov 05
National Fertilizers Limited to Report Q2, 2025 Results on Nov 11, 2024 National Fertilizers Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Upcoming Dividend • Sep 13
Upcoming dividend of ₹0.27 per share Eligible shareholders must have bought the stock before 20 September 2024. Payment date: 26 October 2024. Payout ratio is a comfortable 8.8% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.0%). Lower than average of industry peers (0.6%). Announcement • Aug 16
National Fertilizers Limited, Annual General Meeting, Sep 27, 2024 National Fertilizers Limited, Annual General Meeting, Sep 27, 2024, at 14:30 Indian Standard Time. Declared Dividend • Aug 16
Dividend of ₹0.27 announced Shareholders will receive a dividend of ₹0.27. Ex-date: 20th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (33% cash payout ratio). The dividend has increased by an average of 35% per year over the past 9 years. However, payments have been volatile during that time. Reported Earnings • Aug 15
First quarter 2025 earnings released: ₹0.18 loss per share (vs ₹2.48 loss in 1Q 2024) First quarter 2025 results: ₹0.18 loss per share (improved from ₹2.48 loss in 1Q 2024). Revenue: ₹51.1b (up 1.2% from 1Q 2024). Net loss: ₹86.9m (loss narrowed 93% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
National Fertilizers Limited to Report Q1, 2025 Results on Aug 14, 2024 National Fertilizers Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • Jul 12
National Fertilizers Limited Announces Assigning of Additional Charge of Director (Marketing) to Rajan Kanwar National Fertilizers Limited announced that Department of Fertilizers, Ministry of Chemical and Fertilizers, Government of India vide its Order No. 82/1/2021 -HR-PSU (Part) (e-36197) dated 11 July, 2024 has assigned the additional charge of Director (Marketing), National Fertilizers Limited to Shri Rajan Kanwar, Director (Technical), National Fertilizers Limited for a period of one year with immediate effect or until posting of a regular incumbent, or until further orders, whichever is earliest. Date of Appointment is July 12, 2024. Shri Rajan Kanwar has Bachelor of Engineering degree in chemical discipline from Punjab University, Chandigarh. He also holds Master's in Business Administration (MBA) degree with specialization in operations. Prior to his appointment as Director (Technical) in NFL, he was posted as Unit head at NFL's Vijaipur Unit. He has been associated with NFL for more than 34 years with an extensive experience in Project Management, Operations and Maintenance of fertilizer plants. He is credited with concept development to execution of Ammonia Feed Stock Change over Project (AFCP) at NFL Nangal Unit, GTG-HRSG energy savings schemes for NFL Nangal, Panipat and Bhatinda Units and ESP-II of NFL Vijaipur Unit. He was also closely associated with commissioning of group of Hydrogen plants in Indian refineries and Fertilizer industry. Announcement • Jul 08
National Fertilizers Limited Announces Executive Changes National Fertilizers Limited informed that Shri H. K. Varshney and Shri J. Ramesh have been promoted on July 08, 2024 as Executive Director (IT) and Executive Director (F&A) respectively of the Company . Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹127, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 34x in the Chemicals industry in India. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹112, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 74% over the past three years. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹3.06 (vs ₹9.34 in FY 2023) Full year 2024 results: EPS: ₹3.06 (down from ₹9.34 in FY 2023). Revenue: ₹236.6b (down 20% from FY 2023). Net income: ₹1.50b (down 67% from FY 2023). Profit margin: 0.6% (down from 1.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Announcement • May 18
National Fertilizers Limited to Report Q4, 2024 Results on May 28, 2024 National Fertilizers Limited announced that they will report Q4, 2024 results on May 28, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: ₹3.08 (vs ₹11.29 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.08 (down from ₹11.29 in 3Q 2023). Revenue: ₹76.0b (down 25% from 3Q 2023). Net income: ₹1.51b (down 73% from 3Q 2023). Profit margin: 2.0% (down from 5.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 12
National Fertilizers Limited Announces Resignation of Shri Atul B. Patil from the Post of Director (Marketing) National Fertilizers Limited informed that the Administrative Ministry of National Fertilizers Limited, Department of Fertilizers, Ministry of Chemical and Fertilizers, Government of India vide its Order No. 82/1/2021-HR-PSU dated February 09, 2024 has conveyed its acceptance of resignation tendered by Shri Atul B. Patil from the post of Director (Marketing), National Fertilizers Limited effective from January 30, 2024. New Risk • Feb 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Announcement • Jan 31
National Fertilizers Limited to Report Q4, 2024 Results on Feb 14, 2024 National Fertilizers Limited announced that they will report Q4, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹122, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 202% over the past three years. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹99.66, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 173% over the past three years. Reported Earnings • Nov 17
Second quarter 2024 earnings released: ₹1.78 loss per share (vs ₹0.30 profit in 2Q 2023) Second quarter 2024 results: ₹1.78 loss per share (down from ₹0.30 profit in 2Q 2023). Revenue: ₹56.6b (down 16% from 2Q 2023). Net loss: ₹871.0m (down ₹1.02b from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
National Fertilizers Limited to Report Q2, 2024 Results on Nov 09, 2023 National Fertilizers Limited announced that they will report Q2, 2024 results on Nov 09, 2023 Announcement • Oct 05
National Fertilizers Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 National Fertilizers Limited at its AGM held on September 29, 2023, confirmed the Interim dividend of INR 1.53 per equity share, already paid in the month of June, 2023 and to declare final dividend of INR 1.26 per equity share for the financial year ended March 31, 2023. Upcoming Dividend • Sep 15
Upcoming dividend of ₹1.26 per share at 3.3% yield Eligible shareholders must have bought the stock before 22 September 2023. Payment date: 28 October 2023. Trailing yield: 3.3%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.8%). Announcement • Aug 09
National Fertilizers Limited, Annual General Meeting, Sep 29, 2023 National Fertilizers Limited, Annual General Meeting, Sep 29, 2023, at 14:30 Indian Standard Time. Reported Earnings • Aug 09
First quarter 2024 earnings released: ₹2.48 loss per share (vs ₹2.56 profit in 1Q 2023) First quarter 2024 results: ₹2.48 loss per share (down from ₹2.56 profit in 1Q 2023). Revenue: ₹50.5b (down 22% from 1Q 2023). Net loss: ₹1.21b (down 197% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
National Fertilizers Limited to Report Q1, 2024 Results on Aug 08, 2023 National Fertilizers Limited announced that they will report Q1, 2024 results on Aug 08, 2023 Upcoming Dividend • Jun 02
Upcoming dividend of ₹1.53 per share at 2.2% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 27 June 2023. Trailing yield: 2.2%. Within top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.9%). Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹9.34 (vs ₹1.94 loss in FY 2022) Full year 2023 results: EPS: ₹9.34 (up from ₹1.94 loss in FY 2022). Revenue: ₹298.1b (up 88% from FY 2022). Net income: ₹4.58b (up ₹5.53b from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • May 20
National Fertilizers Limited to Report Q4, 2023 Results on May 29, 2023 National Fertilizers Limited announced that they will report Q4, 2023 results at 3:30 PM, Indian Standard Time on May 29, 2023 Announcement • May 06
National Fertilizers Limited Announces Cessation of Pandya Ashwinkumar Balvantray as Part-Time Non-Official Independent Director and He Has Ceased to Be A Director National Fertilizers Limited informed that the tenure of Shri Pandya Ashwinkumar Balvantray (DIN: 03068985), Part-time Non-official Independent Director has completed on 3 May 2023 and he has ceased to be a Director on the Board of NFL at the close of business hours from that date. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹75.00, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 270% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹64.00, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 186% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹11.29 (vs ₹0.47 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹11.29 (up from ₹0.47 loss in 3Q 2022). Revenue: ₹101.7b (up 100% from 3Q 2022). Net income: ₹5.54b (up ₹5.77b from 3Q 2022). Profit margin: 5.4% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
National Fertilizers Limited to Report Q3, 2023 Results on Feb 13, 2023 National Fertilizers Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 13, 2023 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 30% share price gain to ₹75.85, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 218% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: ₹0.30 (vs ₹0.33 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.30 (down from ₹0.33 in 2Q 2022). Revenue: ₹67.6b (up 83% from 2Q 2022). Net income: ₹147.9m (down 9.5% from 2Q 2022). Profit margin: 0.2% (down from 0.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. Non-Official Independent Director Pandya Ashwin Balvantray is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 03
National Fertilizers Limited to Report Q2, 2022 Results on Nov 14, 2022 National Fertilizers Limited announced that they will report Q2, 2022 results on Nov 14, 2022 Announcement • Oct 22
National Fertilizers Limited Appoints Rajan Kanwar as an Additional Director National Fertilizers Limited announced that Shri Rajan Kanwar has been appointed as an additional director (director (technical)) on the board of the company, effective October 21, 2022. Term of Appointment: Appointment, effective October 21, 2022 till the date of superannuation that is April 30, 2025 or until further orders, whichever is earlier. Brief Profile: Shri Rajan Kanwar has Bachelor of Engineering degree in chemical discipline from Punjab University, Chandigarh. He also holds Master's in Business Administration (MBA) degree with specialization in operations. Prior to his appointment as Director (Technical) in NFL, he was posted as Unit head at NFL's Vijaipur Unit. He has been associated with NFL for more than 33 years with an extensive experience in Project Management, Operations and Maintenance of fertilizer plants. He is credited with concept development to execution of Ammonia Feed Stock Change over Project (AFCP) at NFL Nangal Unit, GTG-HRSG energy savings schemes for NFL Nangal, Panipat and Bhatinda Units and ESP-II of NFL Vijaipur Unit. Announcement • Aug 26
National Fertilizers Limited, Annual General Meeting, Sep 29, 2022 National Fertilizers Limited, Annual General Meeting, Sep 29, 2022, at 14:30 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹2.56 (vs ₹1.92 loss in 1Q 2022) First quarter 2023 results: EPS: ₹2.56 (up from ₹1.92 loss in 1Q 2022). Revenue: ₹64.6b (up 146% from 1Q 2022). Net income: ₹1.25b (up ₹2.20b from 1Q 2022). Profit margin: 1.9% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Aug 04
National Fertilizers Limited Appoints Dr. Prathibha A. as an Additional Director (Part Time Government Nominee Director) National Fertilizers Limited informed that Dr. Prathibha A. has been appointed as an Additional Director (part time Government Nominee Director) on the Board of the Company, effective August 3, 2022. Dr. Prathibha A. was born on 23 March 1978. She has done her Ph.D. In Economics from University of Kerala, Kariavattom. She is a member of Indian Economic Service (Batch: 2003). Prior to her appointment as Government Nominee Director on the Board of NFL, She was Director in the Ministry of Finance, Member of Development of North Eastern Region and had wide ranging experience working on various Ministries/Departments such as NITI Aayog, Department of Economic Affairs, Member of Finance, Department of Consumer Affairs, New Delhi, Central Board of Film Certification. Trivandrum etc. Presently, she is working as Economic Advisor, Department of Fertilizers, Ministry of Chemicals & Fertilizers. Govt. of India, New Delhi. She has done specialization in the areas of Development Economics, Fisheries Management, Prices, Poverty alleviation, Public Private Partnerships Infrastructure Development etc. Announcement • Jul 28
National Fertilizers Limited to Report Q1, 2023 Results on Aug 09, 2022 National Fertilizers Limited announced that they will report Q1, 2023 results on Aug 09, 2022 Announcement • Jun 21
National Fertilizers Limited Appoints Shri Hira Nand as an Additional Director National Fertilizers Limited announced that Shri Hira Nand has been appointed as an additional director [Director (Finance)] on the board of the company, effective June 17, 2022. Term of Appointment: Appointment, effective June 17, 2022 till the date of superannuation that is February 28, 2026 or until further order, whichever is earlier. Brief Profile: Shri Hira Nand is Cost and Management Accountant by profession. He is also a Law graduate from Bhopal University. Prior to his appointment as Director (Finance) in NFL, he was holding position of ED (Finance & Accounts) in NFL, he has also worked as ED (F&A) at Ramagundam Ferti lizers & Chemicals Limited. Earlier, he has also worked with ONGC Petro additions Limited (OPal) KRIBHCO and Model Economic Township Ltd. (a wholly owned company by Reliance Industries Ltd). He has a rich experience of more than 30 years. He worked in areas of Corporate Finance & Treasury in mobilization of funds from market including forex risk management, capital & revenue budgeting, accounts and taxation, fertilizer pricing related regulatory matters etc. Announcement • Jun 11
National Fertilizers Limited Announces Cessation of Shri Dharam Pal as Nominee Director National Fertilizers Limited informed that Shri Dharam Pal has vacated office of Director pursuant to which he has ceased to be Government Nominee Director from the Board of the Company with effect from10 June. 2022 . Announcement • May 26
National Fertilizers Limited Appoints Shri Hira Nand as Chief Financial Officer National Fertilizers Limited informed that Shri Hira Nand, Executive Director (Finance and Accounts) have been appointed as Chief Financial Officer and KMP of the Company effective May 24, 2022. Reported Earnings • May 26
Full year 2022 earnings released: ₹1.94 loss per share (vs ₹4.83 profit in FY 2021) Full year 2022 results: ₹1.94 loss per share (down from ₹4.83 profit in FY 2021). Revenue: ₹158.9b (up 34% from FY 2021). Net income: ₹878.8m (down 63% from FY 2021). Profit margin: 0.6% (down from 2.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Non Executive Director Dharam Pal is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
National Fertilizers Limited Appoints Jyoti Bhramar Tubid as Non-Official Independent Director National Fertilizers Limited announced that Shri Jyoti Bhramar Tubid has been appointed as Non-official Independent Director on the Board of the Company with effect from April 21, 2022 in terms of Order No. 78/2/2006-HR-PSU (pt) dated 281h March, 2022 issued by Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India. Announcement • Apr 08
National Fertilizers Limited Appoints Shri Atul Baburao Patil as Additional Director National Fertilizers Limited appointed Shri Atul Baburao Patil as additional director (marketing), date of appointment is April 7, 2022. Prior to his appointment as director (marketing), Atul Baburao was holding the position of executive director at Rashtriya Chemicals & Fertilizers Ltd. Atul Baburao has rich experience of more than 26 years in marketing and management in the fertilizers industry. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.47 loss per share (down from ₹1.08 profit in 3Q 2021). Revenue: ₹51.0b (up 74% from 3Q 2021). Net loss: ₹230.8m (down 144% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Feb 03
National Fertilizers Limited to Report Q3, 2022 Results on Feb 14, 2022 National Fertilizers Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Jan 01
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Non Executive Director Dharam Pal is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Dec 05
Director of Marketing & Director Virendra Datt has left the company On the 2nd of December, Virendra Datt was replaced as CEO by Nirlep Rai after 1.3 years in the role. We don't have any record of a personal shareholding under Virendra's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.08 years. Under Virendra's leadership, the company delivered a total shareholder return of 109%. Reported Earnings • Sep 07
Full year 2021 earnings released: EPS ₹4.83 (vs ₹3.69 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹119.4b (down 9.1% from FY 2020). Net income: ₹2.37b (up ₹4.18b from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 26
New 90-day high: ₹53.10 The company is up 55% from its price of ₹34.15 on 27 November 2020. The Indian market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS ₹1.08 (vs ₹2.18 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₹29.4b (down 21% from 3Q 2020). Net income: ₹528.9m (down 51% from 3Q 2020). Profit margin: 1.8% (down from 2.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 67% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Feb 02
National Fertilizers Limited to Report Q3, 2021 Results on Feb 12, 2021 National Fertilizers Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 18% share price gain to ₹44.65, the stock is trading at a trailing P/E ratio of 41.7x, up from the previous P/E ratio of 35.4x. This compares to an average P/E of 19x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 33%. Is New 90 Day High Low • Jan 05
New 90-day high: ₹40.45 The company is up 21% from its price of ₹33.45 on 07 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Chemicals industry, which is also up 21% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: ₹39.50 The company is up 4.0% from its price of ₹38.05 on 16 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS ₹1.78 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: ₹31.7b (down 13% from 2Q 2020). Net income: ₹854.1m (up 248% from 2Q 2020). Profit margin: 2.7% (up from 0.7% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Nov 13
National Fertilizers Limited, Annual General Meeting, Dec 17, 2020 National Fertilizers Limited, Annual General Meeting, Dec 17, 2020, at 14:30 Indian Standard Time. Is New 90 Day High Low • Oct 29
New 90-day low: ₹30.55 The company is down 14% from its price of ₹35.60 on 31 July 2020. The Indian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: ₹31.20 The company is down 7.0% from its price of ₹33.55 on 16 July 2020. The Indian market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 15% over the same period. 
