National Fertilizers Limited (NFL) - Net Assets

Latest as of September 2025: Rs25.64 Billion INR ≈ $277.34 Million USD

Based on the latest financial reports, National Fertilizers Limited (NFL) has net assets worth Rs25.64 Billion INR (≈ $277.34 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs132.84 Billion ≈ $1.44 Billion USD) and total liabilities (Rs107.20 Billion ≈ $1.16 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check National Fertilizers Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs25.64 Billion
% of Total Assets	19.3%
Annual Growth Rate	4.14%
5-Year Change	26.9%
10-Year Change	69.04%
Growth Volatility	8.67

National Fertilizers Limited - Net Assets Trend (2006–2025)

This chart illustrates how National Fertilizers Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is National Fertilizers Limited's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for National Fertilizers Limited (2006–2025)

The table below shows the annual net assets of National Fertilizers Limited from 2006 to 2025. For live valuation and market cap data, see NFL company net worth.

Year	Net Assets	Change
2025-03-31	Rs27.16 Billion ≈ $293.70 Million	+6.32%
2024-03-31	Rs25.54 Billion ≈ $276.23 Million	+0.50%
2023-03-31	Rs25.42 Billion ≈ $274.87 Million	+24.16%
2022-03-31	Rs20.47 Billion ≈ $221.38 Million	-4.35%
2021-03-31	Rs21.40 Billion ≈ $231.45 Million	+12.51%
2020-03-31	Rs19.02 Billion ≈ $205.72 Million	-14.07%
2019-03-31	Rs22.14 Billion ≈ $239.41 Million	+11.50%
2018-03-31	Rs19.86 Billion ≈ $214.73 Million	+8.81%
2017-03-31	Rs18.25 Billion ≈ $197.35 Million	+13.58%
2016-03-31	Rs16.07 Billion ≈ $173.75 Million	+8.48%
2015-03-31	Rs14.81 Billion ≈ $160.16 Million	-0.87%
2014-03-31	Rs14.94 Billion ≈ $161.57 Million	-5.66%
2013-03-31	Rs15.84 Billion ≈ $171.27 Million	-9.73%
2012-03-31	Rs17.54 Billion ≈ $189.73 Million	+4.92%
2011-03-31	Rs16.72 Billion ≈ $180.84 Million	+5.69%
2010-03-31	Rs15.82 Billion ≈ $171.10 Million	+7.58%
2009-03-31	Rs14.71 Billion ≈ $159.05 Million	+4.48%
2008-03-31	Rs14.08 Billion ≈ $152.23 Million	+2.69%
2007-03-31	Rs13.71 Billion ≈ $148.24 Million	+9.10%
2006-03-31	Rs12.56 Billion ≈ $135.88 Million	--

Equity Component Analysis

This analysis shows how different components contribute to National Fertilizers Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1890880000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs18.91 Billion	69.62%
Common Stock	Rs4.91 Billion	18.06%
Other Comprehensive Income	Rs3.34 Billion	12.31%
Total Equity	Rs27.16 Billion	100.00%

National Fertilizers Limited Competitors by Market Cap

The table below lists competitors of National Fertilizers Limited ranked by their market capitalization.

Company	Market Cap
Testa Residencial SOCIMI S.A. MC:YTST	$413.45 Million
China Bicycle Co Holdings Ltd SHE:000017	$413.48 Million
Jasmine International Public Company Limited BK:JAS-R	$413.53 Million
Bandwidth Inc NASDAQ:BAND	$413.87 Million
Hefei Changqing Machinery Co Ltd SHG:603768	$413.32 Million
Sunlour Pigment CO.LTD. SHE:301036	$413.24 Million
SHELF DRILLING LTD F:6SD	$413.20 Million
Zhengzhou J and T Hi Tech Co SHE:300845	$413.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in National Fertilizers Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 25,542,700,000 to 27,158,100,000, a change of 1,615,400,000 (6.3%).
Net income of 1,839,800,000 contributed positively to equity growth.
Dividend payments of 132,500,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs1.84 Billion	+6.77%
Dividends Paid	Rs132.50 Million	-0.49%
Other Changes	Rs-91.90 Million	-0.34%
Total Change	Rs-	6.32%

Book Value vs Market Value Analysis

This analysis compares National Fertilizers Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.41x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.05x to 1.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	Rs25.58	Rs77.91	x
2007-03-31	Rs27.94	Rs77.91	x
2008-03-31	Rs28.69	Rs77.91	x
2009-03-31	Rs29.98	Rs77.91	x
2010-03-31	Rs32.25	Rs77.91	x
2011-03-31	Rs34.09	Rs77.91	x
2012-03-31	Rs35.76	Rs77.91	x
2013-03-31	Rs32.28	Rs77.91	x
2014-03-31	Rs30.45	Rs77.91	x
2015-03-31	Rs30.19	Rs77.91	x
2016-03-31	Rs32.75	Rs77.91	x
2017-03-31	Rs37.20	Rs77.91	x
2018-03-31	Rs40.47	Rs77.91	x
2019-03-31	Rs45.13	Rs77.91	x
2020-03-31	Rs38.78	Rs77.91	x
2021-03-31	Rs43.63	Rs77.91	x
2022-03-31	Rs41.73	Rs77.91	x
2023-03-31	Rs51.81	Rs77.91	x
2024-03-31	Rs52.07	Rs77.91	x
2025-03-31	Rs55.13	Rs77.91	x

Capital Efficiency Dashboard

This dashboard shows how efficiently National Fertilizers Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 6.77%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.93%
• Asset Turnover: 2.13x
• Equity Multiplier: 3.43x
Recent ROE (6.77%) is above the historical average (6.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	9.26%	7.12%	0.73x	1.79x	Rs-92.41 Million
2007	12.85%	10.68%	0.64x	1.89x	Rs390.26 Million
2008	7.72%	6.69%	0.56x	2.06x	Rs-321.15 Million
2009	6.63%	5.79%	0.61x	1.86x	Rs-496.10 Million
2010	10.84%	10.12%	0.58x	1.83x	Rs132.96 Million
2011	8.28%	7.39%	0.56x	2.01x	Rs-287.18 Million
2012	7.22%	1.73%	1.14x	3.65x	Rs-487.13 Million
2013	-10.78%	-2.54%	0.61x	7.00x	Rs-3.29 Billion
2014	-6.00%	-1.12%	0.58x	9.21x	Rs-2.39 Billion
2015	1.77%	0.31%	0.63x	9.09x	Rs-1.22 Billion
2016	12.27%	2.54%	0.64x	7.55x	Rs364.16 Million
2017	11.39%	2.73%	0.75x	5.58x	Rs254.40 Million
2018	10.72%	7.14%	0.31x	4.85x	Rs142.05 Million
2019	13.33%	7.51%	0.28x	6.28x	Rs737.00 Million
2020	-9.52%	-3.87%	0.32x	7.66x	Rs-3.71 Billion
2021	11.08%	5.07%	0.56x	3.93x	Rs230.61 Million
2022	-4.65%	-1.94%	0.47x	5.13x	Rs-3.00 Billion
2023	18.03%	6.44%	0.57x	4.93x	Rs2.04 Billion
2024	5.87%	0.64%	2.10x	4.39x	Rs-1.05 Billion
2025	6.77%	0.93%	2.13x	3.43x	Rs-876.01 Million

Industry Comparison

This section compares National Fertilizers Limited's net assets metrics with peer companies in the Agricultural Inputs industry.

Industry Context

Industry: Agricultural Inputs
Average net assets among peers: $13,370,134,277
Average return on equity (ROE) among peers: 16.89%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
National Fertilizers Limited (NFL)	Rs25.64 Billion	9.26%	4.18x	$413.35 Million
Agro Phos India Limited (AGROPHOS)	$469.69 Million	12.41%	0.80x	$6.93 Million
Astec LifeSciences Limited (ASTEC)	$2.03 Billion	17.62%	1.27x	$167.40 Million
Bayer Cropscience Limited (BAYERCROP)	$25.24 Billion	25.56%	0.72x	$2.32 Billion
Best Agrolife Limited (BESTAGRO)	$577.23 Million	0.02%	0.90x	$68.89 Million
Bhagiradha Chemicals & Industries Limited (BHAGCHEM)	$465.11 Million	4.24%	1.68x	$371.49 Million
Bharat Rasayan Limited (BHARATRAS)	$7.27 Billion	22.53%	0.25x	$248.90 Million
Bohra Industries Limited (BOHRAIND)	$340.42 Million	12.70%	2.21x	$2.15 Million
Bombay Super Hybrid Seeds Limited (BSHSL)	$563.36 Million	29.79%	1.36x	$111.73 Million
Chambal Fertilizers & Chemicals Limited (CHAMBLFERT)	$72.58 Billion	17.58%	0.59x	$1.90 Billion
Coromandel International Limited (COROMANDEL)	$24.16 Billion	26.44%	2.30x	$6.32 Billion

About National Fertilizers Limited

NSE:NFL India Agricultural Inputs

Market Cap

$413.35 Million

Rs38.22 Billion INR

Market Cap Rank

#13519 Global

#640 in India

Share Price

Rs77.91

Change (1 day)

-0.43%

52-Week Range

Rs64.52 - Rs108.26

All Time High

Rs159.60