India's National Fertilizers posts quarterly profit drop on weak demand

National Fertilizers

10/02/2025 11:14

Feb 10 (Reuters) - India's National Fertilizers  NAFT.NS  posted a lower third-quarter profit on Monday,
dragged by weak demand for its fertilizers.
    The state-run agricultural chemicals maker posted a 69.6% fall in its consolidated profit to 458.1 million rupees
($5.2 million) for the quarter ended December 31, compared to 1.51 billion rupees a year ago.
    Revenue fell 22.8% to 58.56 billion rupees.
    For further highlights, click (Full Story)
    
    KEY CONTEXT
    Analysts believe India's agrochemical sector is set to recover in 2025 after a period of destocking, though some
firms still face challenges. 
    Demand growth in the quarter stayed weak due to low pest infestations, favorable weather, and delayed seasonal
trends, impacting sales.
    The company posted a 14.5% fall in its revenue from its mainstay fertilizers business.
    
   PEER COMPARISON 
    
                                 Valuation (next 12     Estimates (next 12    Analysts' sentiment              
                                 months)                months)                                                
                      RIC        PE     EV/EBITDA       Revenue     Profit    Mean     No. of   Stock to       Div
                                                        growth (%)  growth    rating*  analyst  price          yield
                                                                    (%)                s        target**       (%)
 National              NAFT.NS   NULL   NULL            NULL        NULL      Null     0        NULL           0.26
 Fertilizers                                                                                                   
 Chambal Fertilisers   CHMB.NS   12.33  6.92            4.83        14.27     Buy      2        1.00           1.44
 and Chemicals                                                                                                 
 Deepak Fertilisers    DPFE.NS   14.48  8.09            11.30       23.63     Buy      1        0.82           0.72
 and Petrochemicals                                                                                            
 Corp                                                                                                          
 Coromandel            CORF.NS   25.87  16.93           5.08        15.16     Buy      9        0.90           0.40
 International                                                                                                 
 
* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the
PT

    OCTOBER-DECEMBER STOCK PERFORMANCE
    
    -- All data from LSEG
    =-- $1 = 87.4200 rupees
    

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
NATIONAL FERTILIZERS OCT-DEC    https://tmsnrt.rs/42J2SbF
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Reporting by Yagnoseni Das in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Yagnoseni.Das@thomsonreuters.com;))