National Fertilizers Limited (NFL) is a prominent Indian public sector undertaking, incorporated in 1974 and headquartered in Noida, Uttar Pradesh. It is a key player in the fertilizer industry, engaged in the production and marketing of various agricultural inputs. NFL's core business involves the manufacturing and distribution of Neem Coated Urea, Bio-Fertilizers (solid & liquid), and other allied industrial products. Additionally, the company is involved in trading imported and domestic fertilizers, compost, seeds, and other agro products.
NFL holds a significant position in India's fertilizer sector. It is the largest urea producer among Central Public Sector Enterprises (CPSEs) and the second-largest urea producer in India overall, commanding approximately 12% of the country's total urea production. As a "Mini Ratna" public sector undertaking, NFL boasts an installed capacity of 35.68 lakh metric tonnes of urea. The company's substantial market share of around 16% in total urea production makes it a crucial contributor to India's agricultural productivity and food security initiatives.
National Fertilizers Limited has demonstrated a mixed financial performance in recent periods. As of June 27, 2025, the company's market capitalization stood at ₹4,949.94 Crore. For the audited fiscal year 2024-25, the standalone revenue was ₹19,794.5 Crore, with a net profit of ₹76.26 Crore. On a consolidated basis, the net profit for the full year ended March 2025 rose by 22.61% to ₹183.98 Crore, compared to ₹150.05 Crore in the previous fiscal year ended March 2024. However, sales declined by 15.98% to ₹19,794.50 Crore in FY25 from ₹23,560.31 Crore in FY24.
- Market Cap: ₹4,950 crores
- Revenue FY25: ₹19,794.5 crores
- Net Profit FY25: ₹184 crores (consolidated)
- P/E Ratio: 26.90
- 52-Week High: ₹169.95
- 52-Week Low: ₹71
NFL operates five gas-based Urea manufacturing plants with a combined annual installed capacity of 35.68 LMT. The company's manufacturing prowess is highlighted by its high capacity utilization rates. For instance, in the financial year 2020-21, NFL registered a total Urea Production of 37.23 LMT, achieving an overall capacity utilization of 109.1%. This operational efficiency ensures a consistent supply of critical fertilizers to the agricultural sector.
National Fertilizers Limited operates through several diversified business segments, ensuring a robust revenue stream. These segments include:
- Own Fertilizers: This encompasses Urea, Bio-Fertilizers, and Bentonite Fertilizers.
- Fertilizers Trading: This includes both Indigenous and Imported fertilizers.
- Other Products & Services: This segment covers Industrial Products, Agro Chemicals, Traded Seeds, and Seeds under the Seeds Multiplication Programme.
The company markets its diverse range of products under the well-recognized KISAN brand. Its product offerings include:
- Kisan Urea: Suitable for various crops and foliar sprays.
- Neem Coated Urea: Enhances nitrogen use efficiency.
- Bio-Fertilizers: Four strains including Rhizobium, Phosphate and Zinc solubilizing bacteria, and Azotobacter, which supplement chemical fertilizers and maintain soil fertility.
- Bentonite Sulphur products.
- Industrial Products: Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite, and Sodium Nitrate.
The primary promoter of National Fertilizers Ltd is the President of India, who holds a significant 74.71% stake in the total equity. The current Chairman and Managing Director of the company is U Saravanan. This strong government ownership structure ensures strategic alignment with national agricultural policies and provides a stable foundation for the company's operations.
NFL boasts an extensive distribution network that ensures its products reach farmers across India. This network comprises:
- A central marketing office in Noida.
- Four zonal offices.
- 16 state offices.
- 35 area offices strategically located across its marketing territory.
In addition, the company operates 100 Kisan Suvidha Kendras (KSKs), which act as single-window service centers providing farmers with access to all agro products and services. This widespread network underscores NFL's commitment to strong farmer connect and nationwide market penetration.
National Fertilizers Limited is committed to sustainable development and has implemented various initiatives in environmental management, energy conservation, and social upliftment. Key initiatives include:
- Rainwater Harvesting: Installed at its Manufacturing Units to increase subsoil water levels.
- Mini Smart City Development: The Vijaipur Township has been transformed into a mini smart city following a new development model. This includes Zero Water Discharge, Modern Sewage System, Solid Waste Management, Rain Water Harvesting, CCTV surveillance, High-Speed Wi-Fi, and LED Lighting.
National Fertilizers Limited has strategic plans for future growth and expansion. A significant initiative is the plan to acquire an 18% stake in a new urea plant in Assam, which is expected to boost its manufacturing capacity and market presence. The company also actively promotes balanced fertilizer use through its network of 6 static and 2 mobile soil testing laboratories, providing soil health cards and recommendations to farmers.
The Indian fertilizer industry is poised for continued growth, driven by the increasing demand for agricultural productivity and supportive government policies. With its strong market position, expansive distribution network, commitment to sustainability, and strategic expansion plans, National Fertilizers Limited is well-positioned to capitalize on these opportunities and contribute significantly to India's agricultural development goals.
