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← CockpitCompetitor Analysis › NFL.NS National Fertilizers Ltd.Open in the cockpit ↗

National Fertilizers Ltd.NFL.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Chemicals: Agricultural
Momentum weak 24
Mkt cap
$321M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$372,323
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+3.2 pp
WACC 12.6%
Hurdle
n/a
no reverse DCF
Close · INR₹62.01
1D-0.1%
1W+5.8%
1M-2.7%
3M-14.5%
6M-21.3%
YTD-32.2%
1Y-34.6%
ATR %2.9%
Beta1.27
52w lowhigh35.4% off high

What National Fertilizers does

Employees: 2,612

National Fertilizers at a glance

Size National Fertilizers (NFL.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $321M, the 1030th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹62.01 on 6 Nov 2026.

Performance Over six months the shares fell 21.3%, against -28.1% for the median peer and 0.0% for the India market (cap-weighted) — 6th highest of 21 in its peer set.

Growth Revenue grew 23.3% over the last twelve months (peer median +5.8%); the operating margin is 2.7% (peer median 3.9%).

Valuation It trades at 0.1× enterprise value to sales against a peer median of 1.5× (cheapest of 20).

Capital Return on invested capital runs 3.2 points above its cost of capital (12.6% WACC).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026NFL.NS 79Peer median 73
Six months, rebased to 100: National Fertilizers against the median of its 20 peers (local-currency closes).

National Fertilizers financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹225B₹62.6B₹59.1B₹75.6B₹71.4B
Revenue growth—+6%-22%+6%—
Gross profit₹20.9B-₹135B-₹124B-₹143B-₹203B
EBITDA₹10.1B-₹144B-₹133B-₹154B-₹211B
Net income₹3.64B₹2.11B₹1.84B₹1.50B₹4.58B
Free cash flown/a-₹18.0B₹21.7B₹1.33B-₹8.31B
Capital expendituren/a₹2.28B₹2.04B₹2.92B₹2.08B
Total debtn/a₹39.6B₹20.0B₹40.9B₹39.9B

Quarterly statements and history in the cockpit →

National Fertilizers 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

-30%-20%-10%0%-20%-10%66016030863007960025131708JUBLCPL605033300804NACLIND002942600470300575RALLIS603970ATT002496600731002391NFL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. National Fertilizers is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%0×2×4×6×6030863007960025131708JUBLCPL605033300804NACLIND002942600470300575603585RALLIS603970ATT002496600731NFL.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. National Fertilizers is the large dot.

National Fertilizers competitors and peer comparison

How National Fertilizers 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.

National Fertilizers against its 20 peers (data as of 6 Nov 2026)
MeasureNFL.NSPeer medianRank in peer set
1-month return-2.7%-13.7%highest of 21
6-month return-21.3%-28.1%6th highest of 21
Distance from 52-week high-35.4%-36.8%9th highest of 21
Revenue growth (TTM)+23.3%+5.8%3rd highest of 21
Operating margin2.7%3.9%10th lowest of 21
EV / Sales0.1×1.5×cheapest of 20
ROIC minus cost of capital+3.2 pp-0.8 pp4th highest of 21
Net debt / EBITDA3.9×0.9×3rd 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
National Fertilizers NFL.NSIndia$321M-21%+23%3%0.1×n/an/a
Cheerwin 6601.HKHong Kong$321M-23%+25%10%n/an/an/a
Shandong CYNDA Chemical (Group) 603086.SSChina$322M-32%-4%1%1.2×n/an/a
BSM Chemical 300796.SZChina$326M-33%-5%1%2.2×n/an/a
Jiangsu Lanfeng Biochemical 002513.SZChina$310M-33%+5%-14%1.3×n/an/a
Sesoda 1708.TWTaiwan$335M+11%+4%18%1.9×-7.6%+8.8%
Jubilant Agri and Consumer Products JUBLCPL.NSIndia$302M+3%+20%9%1.4×24.3%+23.6%
Shaanxi Meibang Pharmaceutical 605033.SSChina$347M-26%+15%7%2.0×n/an/a
Yingde Greatchem Chemicals 300804.SZChina$348M-29%-9%1%3.6×n/an/a
NACL Industries NACLIND.NSIndia$290M-35%+12%5%1.8×n/an/a
Zhejiang XinNong Chemical 002942.SZChina$370M-29%+13%9%1.7×10.7%-1.4%
Anhui Liuguo Chemical 600470.SSChina$376M-31%-2%-7%1.1×n/an/a
Jiangsu Flag Chemical Industry 300575.SZChina$383M-19%+21%1%1.3×0.5%+7.5%
Suli 603585.SSChina$384M-33%+9%9%1.5×2.3%+12.3%
Rallis India RALLIS.NSIndia$389M-28%+7%10%1.2×20.1%+3.6%
Sino-Agri Leading Biosciences 603970.SSChina$403M-24%+5%2%0.4×-9.0%+11.1%
Grupa Azoty Spolka Akcyjna ATT.WAPoland$406M-24%-3%-4%0.7×n/an/a
Jiangsu Huifeng Bio Agriculture 002496.SZChina$409M-15%+40%-31%6.4×n/an/a
Epigral EPIGRAL.NSIndia$418M-33%+13%15%1.6×n/an/a
Hunan Haili Chemical Industry 600731.SSChina$459M-19%-24%11%1.5×-5.8%-3.6%
Jiangsu Changqing Agrochemical 002391.SZChina$461M-28%-2%3%1.8×n/an/a

Questions

Which companies are National Fertilizers's closest peers?
The cockpit's peer set: Cheerwin (6601.HK), Shandong CYNDA Chemical (Group) (603086.SS), BSM Chemical (300796.SZ), Jiangsu Lanfeng Biochemical (002513.SZ), Sesoda (1708.TW), Jubilant Agri and Consumer Products (JUBLCPL.NS), Shaanxi Meibang Pharmaceutical (605033.SS), Yingde Greatchem Chemicals (300804.SZ).
Is National Fertilizers expensive compared with its peers?
On ev / sales it trades at 0.1× against a peer median of 1.5×, cheapest of 20 in its peer set.
How has National Fertilizers stock performed?
Over six months to 6 Nov 2026 the shares returned -21.3% against -28.1% for the median peer; over one year -34.6%.

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.