Financials National Fertilizers Limited

Equities

NFL

INE870D01012

Agricultural Chemicals

Market Closed - Bombay S.E. 06:00:49 2024-04-26 am EDT 5-day change 1st Jan Change
105.6 INR +1.09% Intraday chart for National Fertilizers Limited +8.75% +15.75%

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 26,467 17,342 8,978 27,620 26,025 35,542
Enterprise Value (EV) 1 56,999 81,812 89,856 46,144 57,490 75,340
P/E ratio 12.4 x 5.88 x -4.96 x 11.7 x -27.3 x 7.76 x
Yield - 5.26% 5.19% - - 3.85%
Capitalization / Revenue 0.3 x 0.14 x 0.07 x 0.23 x 0.16 x 0.12 x
EV / Revenue 0.64 x 0.67 x 0.68 x 0.39 x 0.36 x 0.25 x
EV / EBITDA 11.3 x 9.92 x 10.4 x 4.96 x 9.84 x 6.63 x
EV / FCF 6.69 x -2.43 x -10.8 x 0.72 x -4.81 x -8.07 x
FCF Yield 15% -41.2% -9.24% 140% -20.8% -12.4%
Price to Book 1.33 x 0.78 x 0.47 x 1.29 x 1.27 x 1.4 x
Nbr of stocks (in thousands) 490,578 490,578 490,578 490,578 490,578 490,578
Reference price 2 53.95 35.35 18.30 56.30 53.05 72.45
Announcement Date 8/29/18 8/21/19 11/20/20 9/6/21 9/6/22 9/5/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 89,165 122,452 131,354 119,057 158,571 296,165
EBITDA 1 5,047 8,250 8,617 9,306 5,843 11,367
EBIT 1 4,315 7,240 4,890 6,205 2,523 7,865
Operating Margin 4.84% 5.91% 3.72% 5.21% 1.59% 2.66%
Earnings before Tax (EBT) 1 3,348 4,600 -2,628 3,309 -583.9 6,120
Net income 1 2,128 2,951 -1,811 2,371 -950.1 4,583
Net margin 2.39% 2.41% -1.38% 1.99% -0.6% 1.55%
EPS 2 4.337 6.010 -3.691 4.830 -1.940 9.340
Free Cash Flow 1 8,523 -33,700 -8,303 64,534 -11,940 -9,336
FCF margin 9.56% -27.52% -6.32% 54.2% -7.53% -3.15%
FCF Conversion (EBITDA) 168.86% - - 693.44% - -
FCF Conversion (Net income) 400.58% - - 2,722.02% - -
Dividend per Share - 1.860 0.9500 - - 2.790
Announcement Date 8/29/18 8/21/19 11/20/20 9/6/21 9/6/22 9/5/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 30,532 64,470 80,879 18,524 31,465 39,798
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.049 x 7.814 x 9.386 x 1.99 x 5.385 x 3.501 x
Free Cash Flow 1 8,523 -33,700 -8,303 64,534 -11,940 -9,336
ROE (net income / shareholders' equity) 11.2% 14.1% -8.81% 11.7% -4.54% 19.8%
ROA (Net income/ Total Assets) 2.72% 3.85% 2.15% 3.38% 1.67% 4.27%
Assets 1 78,126 76,732 -84,320 70,229 -56,960 107,352
Book Value Per Share 2 40.50 45.10 38.80 43.60 41.70 51.80
Cash Flow per Share 2 0.1500 0.3400 0.4000 0.8000 0.5300 0.2500
Capex 1 3,407 2,562 5,905 4,187 2,972 2,083
Capex / Sales 3.82% 2.09% 4.5% 3.52% 1.87% 0.7%
Announcement Date 8/29/18 8/21/19 11/20/20 9/6/21 9/6/22 9/5/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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