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← CockpitCompetitor Analysis › MBAPL.NS Madhya Bharat Agro Products Ltd.Open in the cockpit ↗

Madhya Bharat Agro Products Ltd.MBAPL.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Chemicals: Agricultural
Momentum leader 97
Mkt cap
$944M
US dollars, full cap
Free float
14%
of shares outstanding
$/day
$1.99M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+17.5 pp
WACC 9.1%
Hurdle
n/a
no reverse DCF
Close · INR₹194.32
1D0.0%
1W+9.7%
1M+15.7%
3M+21.1%
6M+68.5%
YTD+130.3%
1Y+138.2%
ATR %3.6%
Beta0.83
52w lowhigh2.2% off high

What Madhya Bharat Agro Products does

Employees: 1,008

Madhya Bharat Agro Products at a glance

Size Madhya Bharat Agro Products (MBAPL.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $944M, the 612th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹194.32 on 6 Nov 2026.

Performance Over six months the shares gained 68.5%, against -22.5% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 47.7% over the last twelve months (peer median +8.1%); the operating margin is 10.4% (peer median 5.2%).

Valuation It trades at 4.8× enterprise value to sales against a peer median of 1.6× (most expensive of 20).

Capital Return on invested capital runs 17.5 points above its cost of capital (9.1% WACC).

Relative performance

10015011 May 202611 Aug 20266 Nov 2026MBAPL.NS 169Peer median 78
Six months, rebased to 100: Madhya Bharat Agro Products against the median of its 20 peers (local-currency closes).

Madhya Bharat Agro Products financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹18.7B₹12.0B₹6.91B₹4.93B₹5.08B
Revenue growth—+73%+40%-3%—
Gross profit₹4.40B-₹3.15B-₹1.45B-₹1.70B-₹2.23B
EBITDA₹2.35B-₹4.38B-₹2.18B-₹2.25B-₹2.63B
Net income₹1.55B₹1.50B₹575M₹248M₹1.24B
Free cash flown/a-₹5.58B-₹399M₹162M-₹1.55B
Capital expendituren/a₹3.99B₹1.08B₹1.05B₹701M
Total debtn/a₹8.56B₹3.18B₹2.90B₹3.23B

Quarterly statements and history in the cockpit →

Madhya Bharat Agro Products competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-40%-20%0%ODCOCI000525NUFFMC60038930050502970024709879600227603395002538KRISHANA002734UAN301665LXU1722MBAPL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Madhya Bharat Agro Products is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×2×4×ODCOCI000525NUFFMC60038930050502979879600227002538KRISHANA0027341722MBAPL.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Madhya Bharat Agro Products is the large dot.

Madhya Bharat Agro Products competitors and peer comparison

How Madhya Bharat Agro Products compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Madhya Bharat Agro Products against its 20 peers (data as of 6 Nov 2026)
MeasureMBAPL.NSPeer medianRank in peer set
1-month return+15.7%-6.7%2nd highest of 21
6-month return+68.5%-22.5%2nd highest of 21
Distance from 52-week high-2.2%-39.1%highest of 21
Revenue growth (TTM)+47.7%+8.1%2nd highest of 21
Operating margin10.4%5.2%6th highest of 21
EV / Sales4.8×1.6×most expensive of 20
ROIC minus cost of capital+17.5 pp+0.0 pp2nd highest of 21
EV / EBITDA37.9×9.2×most expensive of 9
Net debt / EBITDA3.5×0.9×3rd most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Madhya Bharat Agro Products MBAPL.NSIndia$944M+68%+48%10%4.8×n/an/a
Oil-Dri Corporation of America ODCUnited States$948M-9%+2%14%1.9×3.8%+10.1%
Oci OCI.ASNetherlands$967M+8%-81%-4%1.9×n/an/a
Nanjing Redsun 000525.SZChina$981M-10%+12%-2%2.7×12.2%-5.1%
Nufarm NUF.AXAustralia$897M+40%-2%3%0.8×9.9%+5.2%
FMC FMCUnited States$876M-58%-22%-21%1.6×-2.8%-5.7%
Nantong Jiangshan Agrochemical & Chemicals 600389.SSChina$1.04B-44%+13%6%1.5×n/an/a
Kunming Chuan Jin Nuo Chemical 300505.SZChina$838M-34%+14%10%1.4×n/an/a
Sinofert 0297.HKHong Kong$1.08B-25%+16%6%0.2×-18.5%+1.0%
Kingenta Ecological Engineering 002470.SZChina$827M-39%+9%-5%1.1×n/an/a
China BlueChemical 3983.HKHong Kong$1.08B-32%+4%5%n/an/an/a
Migao 9879.HKHong Kong$1.08B+16%+27%8%1.3×-2.8%+23.4%
Guizhou Chitianhua 600227.SSChina$803M-22%-2%-5%2.7×10.3%+2.4%
CNSIG Anhui Hongsifang Fertilizer 603395.SSChina$798M-23%+3%0%1.6×n/an/a
Anhui Sierte Fertilizer Industry 002538.SZChina$794M-15%+9%3%1.0×n/an/a
Krishana Phoschem KRISHANA.NSIndia$781M+79%+73%11%2.9×n/an/a
Limin 002734.SZChina$778M-37%-6%8%1.4×-1.2%+0.6%
CVR Partners, LP UANUnited States$1.16B-13%+7%21%2.4×-10.5%+11.6%
CAC Nantong Chemical 301665.SZChina$1.17B-26%+27%13%1.6×-1.7%+11.9%
LSB Industries LXUUnited States$763M-24%+13%11%1.6×-0.8%+11.9%
Taiwan Fertilizer 1722.TWTaiwan$1.18B-15%+4%-16%3.1×0.0%+3.5%

Questions

Which companies are Madhya Bharat Agro Products's closest peers?
The cockpit's peer set: Oil-Dri Corporation of America (ODC), Oci (OCI.AS), Nanjing Redsun (000525.SZ), Nufarm (NUF.AX), FMC (FMC), Nantong Jiangshan Agrochemical & Chemicals (600389.SS), Kunming Chuan Jin Nuo Chemical (300505.SZ), Sinofert (0297.HK).
Is Madhya Bharat Agro Products expensive compared with its peers?
On ev / sales it trades at 4.8× against a peer median of 1.6×, most expensive of 20 in its peer set.
How has Madhya Bharat Agro Products stock performed?
Over six months to 6 Nov 2026 the shares returned +68.5% against -22.5% for the median peer; over one year +138.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.