Skip to content
thestock.space

On 6 Nov 2026, Madhya Bharat Agro Products was priced at ₹194.32, or 55.0× trailing earnings, against an industry P/E of 14.4×. It earns ROCE of 19% and ROE of 31%, and sales and net profit grew 33% and 6.5% a year over 3 years. Its dividend yield is 0.1%, and debt is 1.57× equity. It is a small-cap company with a market cap of ₹8,514 Cr, ranked 10th of 72 Agricultural Inputs companies by market cap; the shares rose 135% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹195.00
Day high
₹198.79
Day low
₹193.00
Prev. close
₹194.24
Volume
8.2 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsAhead

    +135.0% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 55.0 vs industry 14.4.

  • GrowthStrong

    Sales +33.0%, profit +6.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 19.4% vs peer median 20.9%.

  • Balance sheetStretched

    Debt 1.57× equity, interest covered 6.8×, Piotroski 3 of 9.

  • Red flags3 to check

    Debt is 1.57× equity.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Agricultural Inputs

71 listed peers. Screen the industry

Small cap

₹8,514 Cr, #10 of 72 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,880 Cr · profit ₹155 Cr
Market cap
₹8,514 Cr
Small cap
P/E
55.0
Industry 14.4
Price to book
15.49
Peers 4.28
Dividend yield
0.05%
ROE
31.5%
Peers 16.2%
ROCE
19.4%
Peers 20.9%
Debt to equity
1.57
Debt ₹861 Cr
EPS (TTM)
₹3.53
Face value ₹2
OPM (TTM)
14.2%
Net margin 8.2%
Sales growth
+1.6%
Latest quarter vs a year ago
Profit growth
+16.9%
Latest quarter vs a year ago
Price to sales
4.53
EV/EBITDA 37.9

Strengths and risks

Strengths

  • Return on equity of 31.5%.

Risks to check

  • Debt is 1.57× equity.
  • P/E of 55.0 against an industry P/E of 14.4.
  • Promoter stake down from 74.8% to 71.4%.

Derived automatically from reported figures. Not a recommendation.

About Madhya Bharat Agro Products

Madhya Bharat Agro Products Limited manufactures and sells phosphatic fertilizers and industrial chemicals in India. The company offers single super phosphate (SSP); nitrogen, phosphate, and potassium (NPK) and di-ammonium phosphate (DAP) complex fertilizers; beneficiated rock phosphate; secondary nutrients, including casma products; supplements and organic products; sulphuric and phosphoric acid; granulated, boronated, zincated boronated magnesium, ZIBO,…

Headquarters
Bhilwara
Employees
396
Sector
Basic Materials
ISIN
INE900L01028
Website
mbapl.com

Price range

52 weeks

₹76.56₹198.79

Today

₹193.00₹198.79
Avg volume (3M)
9.3 L
1-year return
plus 135.0%
From 52-week high
minus 2.2%

Peers · Agricultural Inputs

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
COROMANDELCoromandel International1,824.00minus 4.00%53,72434.517.020.9%9.4%0.1110.2%minus 12.4%
FACTFertilisers and Chemicals Travancore750.25minus 1.24%48,547–703.514.2%0.0%2.950.0%minus 15.3%
UPLUPL534.90plus 1.60%45,21423.96.09.9%20.0%0.83−1.2%minus 28.0%
PIINDPI Industries1,735.00minus 1.98%26,32130.013.114.7%24.2%0.031.1%minus 51.9%
SUMICHEMSumitomo Chemical India328.95plus 0.34%16,41929.421.021.0%20.3%0.02−2.6%minus 34.4%
CHAMBLFERTChambal Fertilizers & Chemicals384.70minus 0.91%15,4138.15.721.8%13.7%0.16−9.2%minus 19.4%
BAYERCROPBayer Cropscience3,316.30plus 0.48%14,90420.015.427.9%16.0%0.033.6%minus 31.7%
MBAPLMadhya Bharat Agro Products194.32plus 0.04%8,51455.039.819.4%14.2%1.5733.0%plus 135.0%
Median of 7 peers–−0.91%26,32126.615.420.9%16.0%0.110.0%−28.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrMar 25Jun 25Sep 25Dec 25Mar 26Jun 26
297410–612395416
––––+33.0%+1.6%
261353–546353350
36.157–66.541.265.9
12.2%13.9%–10.9%10.4%15.8%
6.43–2.99.15.4
7.26.6–9.410.614.9
8.39.3–9.39.112.2
2744.1–50.730.644.3
47.1%36.1%–37.4%−95.0%25.5%
14.328.2–31.859.833
––––+319.3%+16.9%
–0.130.700.721.360.15

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+33.0%
Profit CAGR 3Y
+6.5%
EPS CAGR 3Y
+34.2%
ROE
31.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5084936911,196
–minus 3.0%+40.2%+73.1%
295389537960
213104154236
41.9%21.0%22.2%19.7%
0.131.44.3
14.925.326.829.8
22.4293436.9
0.200.40.8
17652.394.6174
29.5%52.5%39.3%13.7%
12424.857.5150
–minus 80.0%+131.3%+161.3%
1.420.571.313.43

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
43.887.687.687.6
285263316462
323290318856
91.8163223277
7438049461,682
208286389738
4.921.6110302
33.834.531.133.1
6000
490462416609
7438049461,682

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−7014896.2−127
−65.3−92.3−92−373
141−61.4−4.2501
6−60−0
−70.1−105−108−399
−14042.4−11.8−526
−1.1−2.2−4.4−4.4

Shareholding pattern

Source: NSE filings
71.4%
promoters
  • Promoters71.38%
  • Public28.62%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202671.38%28.62%0.00
10 Sep 202671.38%28.62%minus 3.38
30 Jun 202674.76%25.24%0.00
31 Mar 202674.76%25.24%0.00
31 Dec 202574.76%25.24%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you