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Madhya Bharat Agro Products LimitedMBAPLCorporate

Fertilizers Latest results: Mar 2026 13 quarters of data
Consolidated Standalone
₹167.10
MCap ₹7,321 Cr · P/E 48.8
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹395 Cr
Sales · Mar 2026
+33.0% YoY
₹41 Cr
Operating Profit · Mar 2026
+13.9% YoY
10.4%
OPM % · Mar 2026
-14.0% YoY
₹60 Cr
Net Profit · Mar 2026
+328.6% YoY
₹6.82
EPS · Mar 2026
+318.4% YoY

📝 Madhya Bharat Agro Products Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Madhya Bharat Agro Products Limited reported revenue of ₹395 crore for the quarter ended March 2026 (Q4 FY26), up 33.0% from ₹297 crore in the same quarter last year, and down 35.5% sequentially over the December 2025 quarter.

Net profit rose 328.6% year-on-year to ₹60 crore, from ₹14 crore. Earnings per share (EPS) came in at ₹6.82.

Operating profit stood at ₹41 crore — an operating margin (OPM) of 10.4%, compared with 12.1% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Madhya Bharat Agro Products Limited posted revenue of ₹1,867 crore, a growth of 76.2% over FY25, with a net profit of ₹150 crore (up 160.9% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,867 crore with a net profit of ₹150 crore.

Valuation snapshot

At the current price of ₹167.10, MBAPL has a market capitalisation of ₹7,321 crore and a trailing P/E of about 48.8.

Within the Fertilizers industry, it is the largest of the 22 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 71.38%, foreign institutional investors (FIIs) 1.03%, public shareholders 27.52%, domestic institutional investors (DIIs) 0.07% of Madhya Bharat Agro Products Limited.

Promoter holding slipped from 74.76% to 71.38% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹7,321 Cr
Current Price ?
₹167.1
P/E ?
48.81above ind
Industry P/E ?
11.80
P/B ?
13.31
P/S ?
3.92
P/FCF ?
-13.97
Enterprise Value ?
₹8,177 Cr
EV/EBITDA ?
36.18
PEG ?
6.97
Earnings Yield ?
2.3%
Dividend Yield ?
0.09%
Profitability & Returns
Sales (TTM) ?
₹1,867 Cr
OPM ?
12.1%
Profit after tax (TTM) ?
₹150 Cr
EPS (TTM) ?
₹3.42
ROCE ?
19.0%
ROE ?
27.3%
ROA ?
8.9%
Growth
Sales — latest qtr ?
₹395 Cr
PAT — latest qtr ?
₹60 Cr
YoY qtr sales growth ?
33.0%
YoY qtr profit growth ?
328.6%
Sales growth (3y) ?
24%
Sales growth (5y) ?
59%
Profit growth (3y) ?
7%
Profit growth (5y) ?
49%
Financial Health
Debt ?
₹856 Cr
Debt to Equity ?
1.56
Interest Coverage ?
5.8
Current Ratio ?
N/A
Ownership
Promoter holding ?
71.38%
Change in promoter holding ?
-3.18%
Pledged percentage ?
N/A
Market
Return 3 months ?
22.7%
Return 6 months ?
64.0%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026 YoY % QoQ %
Sales 234149278244146200278284297410450612395 +33.0% -35.5%
Operating Profit 45244018143436393657626641 +13.9% -37.9%
Other Income 1110922263239 +50.0% +200.0%
Interest 56848975776911 +57.1% +22.2%
Depreciation 7777799989999 +12.5% +0.0%
Profit Before Tax 341226781823272744495131 +14.8% -39.2%
Net Profit 24715111114181428303260 +328.6% +87.5%
EPS 2.770.831.700.150.161.311.582.041.633.223.483.626.82 +318.4% +88.4%
OPM % 19.2% 16.1% 14.4% 7.4% 9.6% 16.8% 12.9% 13.7% 12.1% 13.9% 13.8% 10.8% 10.4% -14.0% -3.7%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,059 Cr ₹1,867 Cr ₹1,867 Cr +76.2%
Operating Profit ₹145 Cr ₹226 Cr ₹226 Cr +56.2%
OPM % 13.66% 12.10% 12.10% -11.4%
NPM % 5.43% 8.03% 8.03% +47.9%
Other Income ₹12 Cr ₹17 Cr ₹17 Cr +46.7%
Depreciation ₹35 Cr ₹36 Cr ₹36 Cr +4.3%
Interest ₹28 Cr ₹33 Cr ₹33 Cr +18.8%
EBIT ₹110 Cr ₹190 Cr ₹190 Cr +72.5%
PBT ₹95 Cr ₹175 Cr ₹175 Cr +84.3%
Tax ₹6 Cr — — —
Net Profit ₹57 Cr ₹150 Cr ₹150 Cr +160.9%
EPS ₹6.56 ₹17.14 ₹17.14 +161.3%
Material Cost ₹132 Cr — — —
Employee Cost ₹6 Cr — — —
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 44888888 +0.0%
Reserves 285263316462 +46.2%
Borrowings 323290318856 +169.2%
Other Liabilities 92163223277 +24.2%
Total Liabilities 7438049461,682 +77.8%
Fixed Assets 203265279436 +56.3%
CWIP 01474277 +274.3%
Investments 0000 —
Other Assets 540525592968 +63.5%
Total Assets 7438049461,682 +77.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -7014896-127 -232.3%
Cash from Investing Activity -65-92-92-373 -305.4%
Cash from Financing Activity 141-61-4501 +12625.0%
Net Cash Flow 6-60-0 —
Free Cash Flow -14043-12-524 -4266.7%
CFO/OP -19%163%77%-43% -155.8%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 74838883 -5.7%
Inventory Days 1251368596 +12.9%
Days Payable 8404836 -25.0%
Cash Conversion Cycle 191178125144 +15.2%
Working Capital Days 61545149 -3.9%
ROCE % 38%12%18%19% +5.6%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 74.56%74.63%74.76%74.76%71.38% -4.5%
FIIs 0.11%0.43%0.19%0.46%1.03% +123.9%
Public 25.34%24.95%25.06%24.78%27.52% +11.1%
No. of Shareholders 11,82212,54613,34812,75815,993 +25.4%
DIIs ————0.07% —

⚖️ Peer comparison

Industry: Fertilizers · 22 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 MBAPL Madhya Bharat ₹159.00 6,966 9.3 1,867 150 12.1% 8.0% 76.2% 160.9% 33.0% 328.6%
2 GSFC Gujarat State ₹154.08 6,140 8.9 12,345 693 6.7% 5.6% 14.8% 13.8% 64.0% 14.4%
3 RCF Rashtriya Chemicals ₹106.95 5,900 13.8 18,481 428 5.1% 2.3% 9.1% 76.6% 49.6% 159.7%
4 KRISHANA Krishana Phoschem ₹180.17 5,570 28.4 2,554 196 12.6% 7.7% 77.9% 106.9% 34.3% 51.6%
5 NFL National Fertilizers ₹65.51 3,214 8.8 22,524 365 3.3% 1.6% 8.4% 15.2% 27.3% 387.5%
6 509732 Kothari Industrial ₹154.73 1,403 — 197 -87 -27.7% -44.0% 114.0% -252.9% 34.5% -1344.9%
7 SPIC Southern Petrochemicals ₹60.94 1,241 6.0 3,024 204 8.8% 6.8% 6.3% 48.9% 8.7% -9.8%
8 MADRASFERT Madras Fertilizers ₹61.03 983 13.8 2,442 72 4.0% 2.9% -9.5% 24.6% 21.1% -21.4%
9 ZUARI Zuari Agro ₹221.81 933 1.0 2,569 974 8.9% 37.9% -27.9% 326.4% -50.6% -6.5%
10 ARIES Aries Agro ₹480.00 624 13.1 775 47 11.6% 6.1% 19.6% 26.5% 17.4% 49.5%
11 KHAICHEM Khaitan Chemicals ₹50.50 490 9.1 988 54 10.6% 5.5% 39.1% 4504.8% -5.7% -49.0%
12 RAMAPHO Rama Phosphates ₹119.80 424 8.0 893 53 9.8% 5.9% 20.1% 285.6% 9.0% 2.3%
13 NOVAAGRI Nova Agritech ₹22.38 201 16.1 275 13 10.3% 4.7% -11.1% -53.2% 28.4% -0.1%
14 531862 Bharat Agri ₹96.77 119 — 21 -7 26.2% -31.1% -11.3% -646.7% -18.8% -482.1%
15 524687 Basant Agro ₹20.68 102 25.8 624 7 5.1% 1.2% 22.7% 67.3% 31.8% 11.9%
16 NAGAFERT Nagarjuna Fertilizers ₹1.69 101 — 8 -28 -346.2% -328.4% -98.8% -100.7% 105.0% -118.8%
17 524204 Teesta Agro ₹98.65 63 6.6 228 8 7.4% 3.6% 20.5% 21.2% 4.5% 9.7%
18 542123 Phosphate ₹154.95 49 13.3 151 4 5.9% 2.8% 14.3% 30.3% 39.0% -41.6%
19 AGROPHOS Agro Phos ₹23.65 48 9.2 137 5 8.5% 3.8% 36.6% 55.6% -27.3% -69.3%
20 530433 Shiva Global ₹44.00 38 23.1 289 2 2.1% 0.8% -27.6% 1077.3% 17.4% -9.4%
21 BOHRAIND Bohra Industries ₹13.50 29 — — -3 — — — 19.3% — 48.0%
22 506543 MP Agro ₹19.25 5 157.1 — 0 — — — 40.0% — 300.0%
❓ Frequently asked questions
What was Madhya Bharat Agro Products Limited's revenue in Q4 FY26?
Madhya Bharat Agro Products Limited reported revenue of ₹395 crore for the quarter ended March 2026 (Q4 FY26), up 33.0% from ₹297 crore in the same quarter last year, and down 35.5% sequentially over the December 2025 quarter.
What was Madhya Bharat Agro Products Limited's net profit in Q4 FY26?
Net profit rose 328.6% year-on-year to ₹60 crore, from ₹14 crore. Earnings per share (EPS) came in at ₹6.82.
What is MBAPL's market capitalisation and P/E ratio?
At the current price of ₹167.10, MBAPL has a market capitalisation of ₹7,321 crore and a trailing P/E of about 48.8.
Who owns Madhya Bharat Agro Products Limited? (shareholding pattern)
As of Sep 2026, promoters held 71.38%, foreign institutional investors (FIIs) 1.03%, public shareholders 27.52%, domestic institutional investors (DIIs) 0.07% of Madhya Bharat Agro Products Limited.
TTM ends 2026-03-31. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI