National Fertilizers Limited Audited Annual Accounts FY25-26

Key Financial Figures (Standalone)

  • Revenue from Operations: ₹21,514.18 crore (FY26) vs ₹19,794.50 crore (FY25)
  • Other Income: ₹53.68 crore (FY26) vs ₹95.02 crore (FY25)
  • Gross Profit: ₹887.35 crore (FY26) vs ₹702.87 crore (FY25)
  • Depreciation and amortization: ₹405.35 crore (FY26) vs ₹373.00 crore (FY25)
  • Finance Costs: ₹249.33 crore (FY26) vs ₹225.79 crore (FY25)
  • Profit Before Tax: ₹232.67 crore (FY26) vs ₹104.08 crore (FY25)
  • Tax Provision: ₹63.02 crore (FY26) vs ₹27.82 crore (FY25)
  • Net Profit After Tax: ₹169.65 crore (FY26) vs ₹76.26 crore (FY25)
  • Total Comprehensive Income: ₹159.72 crore (FY26) vs ₹76.13 crore (FY25)

Key Financial Figures (Consolidated)

  • Profit Before Tax: ₹274.51 crore (FY26) vs ₹211.80 crore (FY25)
  • Net Profit After Tax: ₹211.49 crore (FY26) vs ₹183.98 crore (FY25)
  • Total Comprehensive Income: ₹201.70 crore (FY26) vs ₹183.80 crore (FY25)
  • Share of Profit from Joint Ventures: ₹41.84 crore (FY26) vs ₹107.72 crore (FY25)

Earnings Per Share (Standalone)

  • Basic EPS: ₹3.46 (FY26) vs ₹1.55 (FY25)
  • Diluted EPS: ₹3.46 (FY26) vs ₹1.55 (FY25)

Earnings Per Share (Consolidated)

  • Basic EPS: ₹4.31 (FY26) vs ₹3.75 (FY25)
  • Diluted EPS: ₹4.31 (FY26) vs ₹3.75 (FY25)

Important Dates

  • Board Meeting Date: 27th May 2026 (commenced at 3:30 PM, concluded at 5:00 PM)
  • Financial Year End: 31st March 2026
  • Auditor's Report Date: 27th May 2026

Subsidy Income Recognition

The company recognized subsidy income of ₹14,799.7 crore on DAP & TSP fertilizers for FY26 based on operational guidelines issued by the Department of Fertilizers for implementation of various provisions over and above NBS subsidy rates approved for Kharif 2025 for shipments arriving between 1st April 2025 to 30th September 2025, which was further extended till 31st March 2026.

Joint Ventures Details

The consolidated results include:

1. Ramagundam Fertilizers & Chemicals Limited

2. Urvarak Videsh Limited

3. Assam Valley Fertilizer and Chemical Company Limited (w.e.f 25th July 2025)

Emphasis of Matters by Auditors

Standalone Financials:

  • Recognition of subsidy income of ₹14,799.7 crore on DAP & TSP fertilizers based on Department of Fertilizers guidelines

Joint Ventures:

1. Ramagundam Fertilizers:

  • Environmental Management Plan implementation costs of ₹952.82 lakhs
  • Stamp duty claim of ₹2082.06 lakhs pending with Telangana government

2. Urvarak Videsh Limited:

  • Material uncertainty related to going concern as company declared dormant on 4th November 2015

3. Assam Valley Fertilizer:

  • Treatment of "Stone Laying Ceremony expenses" of ₹2618.44 lakh as capital expenditure instead of revenue expenditure (adjusted in consolidation)

Financial Ratios (Standalone FY26)

  • Debt-Equity Ratio: 1.39:1
  • Debt Service Coverage Ratio: 2.49 times
  • Interest Service Coverage Ratio: 2.74 times
  • Net Worth: ₹2847.16 crore
  • Current Ratio: 1.04:1
  • Operating Margin: 1.99%
  • Net Profit Margin: 0.79%

Financial Ratios (Consolidated FY26)

  • Debt-Equity Ratio: 1.39:1
  • Debt Service Coverage Ratio: 2.66 times
  • Interest Service Coverage Ratio: 2.91 times
  • Net Worth: ₹2840.98 crore
  • Current Ratio: 1.04:1
  • Operating Margin: 2.19%
  • Net Profit Margin: 0.98%

Segment-wise Performance (Standalone FY26)

1. Manufactured Fertilizers: Revenue ₹12,958.13 crore, Result ₹92.41 crore

2. Manufactured Chemicals: Revenue ₹523.79 crore, Result ₹135.79 crore

3. Traded Imported Fertilizers: Revenue ₹6,413.83 crore, Result ₹188.72 crore

4. Others: Revenue ₹1,807.57 crore, Result ₹173.22 crore

Credit Ratings

  • Commercial Papers: ICRA A1+, IND A1+
  • Long Term Bank Lines: ICRA AA/Stable, IND AA/Stable
  • Short Term Bank Lines: ICRA A1+, IND A1+

Large Corporate Disclosure

  • Outstanding qualified borrowings: Nil as on 31st March 2025 and 31st March 2026
  • No incremental borrowing done during FY26
  • No borrowing through debt securities during FY26

Labour Codes Implementation

The Government of India notified four Labour Codes effective from 21st November 2025. Based on information available, no material liability is envisaged.

Auditor Information

Joint Auditors:

1. Dassani & Associates LLP, Chartered Accountants (Indore)

2. RSPH & Associates, Chartered Accountants (New Delhi)

Both auditors issued unmodified opinions on the financial results.

Additional Information

The financial results will be available on the company website at www.nationalfertilizers.com. The meeting commenced at 3:30 PM and concluded at 5:00 PM on 27th May 2026.