Madhya Bharat Agro products
- P/E
- 50x
- 52-week range
- 76.56 – 174.94
- ROE
- 31%
- ROCE
- 19%
- Sector
- Fertilizers & Agrochemicals
- Industry
- Fertilizers
- Listed on
- NSE
About
Madhya Bharat Agro Products Limited is an India-based company, which is engaged in the manufacturing of fertilizer and chemical products. The Company is engaged in the production of Sulphuric Acid Plant (SAP), Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP), Phosphoric Acid (PAP), and DAP (di-Ammonium Phosphate)/NPK (Nitrogen-Phosphorus-Potassium). The Company has a single operating segment, namely Fertilizer. The Company has two brands, namely Bharat and ANNADATA. The products under Bharat brand include DAP and NPK. The products under ANNADATA include Single Super Phosphate (Powder), Zincated Single Super Phosphate Powder, Boronated Single Super Phosphate Powder, Single Super Phosphate (Granular), ANNADATA Prom, ANNADATA Casma, among others. The Company has two production plants located in Sagar, Madhya Pradesh.
Quick check
The five things to look at first. Open one for more.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A+ by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil A+ | Stable | 6 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 6 Oct 2026 | Reaffirmed | Crisil A+/Watch Developing → Crisil A+ | — | CRISIL | ₹ 2,006.6 Cr. | |
| 8 Jul 2026 | Reaffirmed | Crisil A+/Watch Developing | — | CRISIL | ₹ 1,932.6 Cr. | |
| 9 Apr 2026 | Reaffirmed | Crisil A+ → Crisil A+/Watch Developing | — | CRISIL | ₹ 711 Cr. | |
| 17 Feb 2026 | ▲ Upgrade | Crisil A+ | — | CRISIL | ₹ 711 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 29 Jul 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 14 Jul 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 26 May 2026 | Stock Split/Fund Raising | To consider stock split of equity shares and Fund Raising |
| 17 Apr 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 8 Jan 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 8 Oct 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | 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 | 278 | 244 | 146 | 200 | 278 | 284 | 297 | 410 | 450 | 612 | 395 | 416 |
| Expenses | 238 | 226 | 132 | 167 | 242 | 244 | 261 | 353 | 388 | 546 | 353 | 350 |
| Operating Profit | 40 | 18 | 14 | 34 | 36 | 39 | 36 | 57 | 62 | 66 | 41 | 66 |
| OPM % | 15% | 7% | 10% | 17% | 13% | 14% | 12% | 14% | 14% | 11% | 10% | 16% |
| Other Income | 1 | 0 | 9 | 2 | 2 | 2 | 6 | 3 | 2 | 3 | 9 | 5 |
| Interest | 8 | 4 | 8 | 9 | 7 | 5 | 7 | 7 | 6 | 9 | 11 | 15 |
| Depreciation | 7 | 7 | 7 | 9 | 9 | 9 | 8 | 9 | 9 | 9 | 9 | 12 |
| Profit before tax | 26 | 7 | 8 | 18 | 23 | 27 | 27 | 44 | 49 | 51 | 31 | 44 |
| Tax % | 42% | 80% | 82% | 36% | 39% | 34% | 47% | 36% | 37% | 37% | −95% | 26% |
| Net Profit | 15 | 1 | 1 | 11 | 14 | 18 | 14 | 28 | 30 | 32 | 60 | 33 |
| EPS in Rs | 0.34 | 0.03 | 0.03 | 0.26 | 0.32 | 0.41 | 0.33 | 0.64 | 0.7 | 0.72 | 1.36 | 0.75 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 40%
- 5 Years
- 59%
- 3 Years
- 24%
- TTM
- 48%
- 10 Years
- 32%
- 5 Years
- 49%
- 3 Years
- 6%
- TTM
- 109%
- 10 Years
- —
- 5 Years
- 87%
- 3 Years
- 37%
- TTM
- —
- 10 Years
- 22%
- 5 Years
- 25%
- 3 Years
- 19%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Madhya Bharat Agro products | ₹ 168.89 | — | 50x | — | 31% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 102.6x | 27.4x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.5x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 108.7x | 14x | 13.6% | 21.7% |
Management
- Sourabh Gupta
- Chief Financial Officer, Whole Time Director
- Pallavi Sukhwal
- Compliance Officer, Company Secretary
- Pankaj Ostwal
- Managing Director - MBAPL, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.