National Fertilizers Limited (NFL) - Net Assets

Latest as of March 2026: Rs28.41 Billion INR ≈ $307.24 Million USD

Based on the latest financial reports, National Fertilizers Limited (NFL) has net assets worth Rs28.41 Billion INR (≈ $307.24 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs117.24 Billion ≈ $1.27 Billion USD) and total liabilities (Rs88.83 Billion ≈ $960.70 Million 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 PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs28.41 Billion
% of Total Assets	24.23%
Annual Growth Rate	4.25%
5-Year Change	38.78%
10-Year Change	55.69%
Growth Volatility	8.23

National Fertilizers Limited - Net Assets Trend (2005–2026)

This chart illustrates how National Fertilizers Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see National Fertilizers Limited stock valuation.

Annual Net Assets for National Fertilizers Limited (2005–2026)

The table below shows the annual net assets of National Fertilizers Limited from 2005 to 2026. Also explore National Fertilizers Limited net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs28.41 Billion ≈ $307.24 Million	+4.61%
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	-13.94%
2019-03-31	Rs22.10 Billion ≈ $239.04 Million	+11.32%
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	+5.97%
2010-03-31	Rs15.78 Billion ≈ $170.65 Million	+7.41%
2009-03-31	Rs14.69 Billion ≈ $158.88 Million	+4.37%
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	+5.90%
2005-03-31	Rs11.86 Billion ≈ $128.31 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs4.91 Billion	17.27%
Other Comprehensive Income	Rs23.50 Billion	82.73%
Total Equity	Rs28.41 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
Braskem S.A. SA:BRKM3	$354.50 Million
FTAI Infrastructure Inc. NASDAQ:FIP	$354.55 Million
Hiyes International Co Ltd TW:2348	$354.71 Million
Chongqing YuXin Pingrui Electronic Co. Ltd. SHE:301107	$354.74 Million
Eagle Bulk Shipping Inc NYSE:EGLE	$354.29 Million
Buana Listya Tama Tbk PT JK:BULL	$354.09 Million
Zhejiang Shengda Pharm SHG:603079	$354.06 Million
China Resources Medical Holdings Company Limited F:1PH	$354.05 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 2025 to 2026, total equity changed from 27,158,100,000 to 28,409,800,000, a change of 1,251,700,000 (4.6%).
Net income of 2,114,900,000 contributed positively to equity growth.
Dividend payments of 765,300,000 reduced retained earnings.
Other comprehensive income increased equity by 20,160,500,000.
Other factors decreased equity by 20,258,400,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs2.11 Billion	+7.44%
Dividends Paid	Rs765.30 Million	-2.69%
Other Comprehensive Income	Rs20.16 Billion	+70.96%
Other Changes	Rs-20.26 Billion	-71.31%
Total Change	Rs-	4.61%

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: 1.15x
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 2.76x to 1.15x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs24.19	Rs66.79	x
2006-03-31	Rs25.58	Rs66.79	x
2007-03-31	Rs27.94	Rs66.79	x
2008-03-31	Rs28.69	Rs66.79	x
2009-03-31	Rs29.98	Rs66.79	x
2010-03-31	Rs32.25	Rs66.79	x
2011-03-31	Rs34.09	Rs66.79	x
2012-03-31	Rs35.76	Rs66.79	x
2013-03-31	Rs32.28	Rs66.79	x
2014-03-31	Rs30.45	Rs66.79	x
2015-03-31	Rs30.19	Rs66.79	x
2016-03-31	Rs32.75	Rs66.79	x
2017-03-31	Rs37.20	Rs66.79	x
2018-03-31	Rs40.47	Rs66.79	x
2019-03-31	Rs45.06	Rs66.79	x
2020-03-31	Rs38.78	Rs66.79	x
2021-03-31	Rs43.63	Rs66.79	x
2022-03-31	Rs41.73	Rs66.79	x
2023-03-31	Rs51.81	Rs66.79	x
2024-03-31	Rs52.07	Rs66.79	x
2025-03-31	Rs55.13	Rs66.79	x
2026-03-31	Rs57.90	Rs66.79	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): 7.44%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.98%
• Asset Turnover: 1.84x
• Equity Multiplier: 4.13x
Recent ROE (7.44%) is above the historical average (6.55%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	13.56%	4.65%	1.46x	2.00x	Rs422.59 Million
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%	0.62x	1.86x	Rs-496.10 Million
2010	10.84%	10.12%	0.58x	1.83x	Rs132.96 Million
2011	8.28%	2.39%	1.72x	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	6.99x	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	12.26%	2.54%	0.64x	7.55x	Rs363.46 Million
2017	11.39%	7.87%	0.26x	5.58x	Rs254.40 Million
2018	10.72%	2.38%	0.93x	4.85x	Rs142.05 Million
2019	13.30%	2.37%	0.89x	6.29x	Rs729.33 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
2026	7.44%	0.98%	1.84x	4.13x	Rs-726.08 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: $12,650,154,100
Average return on equity (ROE) among peers: 15.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
National Fertilizers Limited (NFL)	Rs28.41 Billion	13.56%	3.13x	$354.35 Million
Agro Phos India Limited (AGROPHOS)	$416.60 Million	7.63%	0.74x	$5.18 Million
Astec LifeSciences Limited (ASTEC)	$1.70 Billion	20.54%	1.43x	$175.11 Million
Bayer Cropscience Limited (BAYERCROP)	$28.50 Billion	19.93%	0.84x	$1.84 Billion
Best Agrolife Limited (BESTAGRO)	$1.89 Billion	4.37%	1.33x	$71.00 Million
Bhagiradha Chemicals & Industries Limited (BHAGCHEM)	$439.63 Million	21.56%	0.95x	$346.16 Million
Bharat Rasayan Limited (BHARATRAS)	$1.13 Billion	28.06%	1.96x	$210.09 Million
Bohra Industries Limited (BOHRAIND)	$-146.19 Million	0.00%	0.00x	$1.42 Million
Bombay Super Hybrid Seeds Limited (BSHSL)	$15.23 Million	16.29%	1.68x	$99.72 Million
Chambal Fertilizers & Chemicals Limited (CHAMBLFERT)	$70.53 Billion	14.66%	0.81x	$1.80 Billion
Coromandel International Limited (COROMANDEL)	$22.02 Billion	18.25%	2.80x	$6.37 Billion

About National Fertilizers Limited

NSE:NFL India Agricultural Inputs

Market Cap

$354.35 Million

Rs32.77 Billion INR

Market Cap Rank

#14143 Global

#700 in India

Share Price

Rs66.79

Change (1 day)

-0.07%

52-Week Range

Rs64.52 - Rs96.97

All Time High

Rs159.60