Agro Phos India Ltd (AGROPHOS)
🎯 Key Takeaways
- Agro Phos India Ltd appears to be in a mature, cash-generative phase of its fertilizer business, with stable promoter holding and no institutional investor activity. The company has demonstrated consistent profitability in prior quarters, though recent quarterly results show early signs of operational softness.
- Revenue declined 10.1% QoQ to ₹32 in Q4FY26.
- ⚠️ 1) Sustained margin compression in recent quarters raises concerns about profitability resilience, especially without disclosed mitigation strategies.
- ROE
- 10.0%
- ROCE
- 14.6%
- Debt/Equity
- 0.42
- Promoter
- 54.3%
📖 The Story
Agro Phos India Ltd appears to be in a mature, cash-generative phase of its fertilizer business, with stable promoter holding and no institutional investor activity. The company has demonstrated consistent profitability in prior quarters, though recent quarterly results show early signs of operational softness. Management is focused on governance updates and compliance rather than strategic transformation.
📰 What's Happening
The most notable recent development was the board's approval of unaudited Q1 FY26 results on August 13, 2026, following a prior board meeting on July 11, 2026, where Mrs. Sakina Dharwala was appointed as an Additional Non-Executive Independent Director. Committee reconstitutions followed as part of routine governance updates. Management confirmed no material misstatements in the financials prepared under Ind AS 34, and implemented a temporary insider trading window closure post-results disclosure. No new business initiatives or capital projects were announced.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 40 | 40 | 36 | 32 |
| Operating Profit | 7 | 3 | 2 | 1 |
| OPM % | 18.7% | 8.2% | 6.4% | 3.8% |
| Net Profit | 4 | 2 | 1 | -0 |
| EPS | ₹2.15 | ₹1.03 | ₹0.45 | ₹-0.14 |
Quarterly revenue has declined from ₹40 crore in Q1 FY25 to ₹32 crore in Q4 FY26, with operating profit margin compressing from 18.7% to 3.8% over the same period. Net profit and EPS have also trended downward, turning negative in the most recent quarter despite stable revenue levels. This suggests increasing pressure on margins, potentially due to input cost volatility or pricing headwinds, though management has not yet flagged specific operational challenges in public commentary.
🔮 Management Outlook & What's Next
Management has not provided forward-looking guidance or commentary on future performance in the latest filings. The board's focus remains on governance and compliance, with no discussion of growth strategies, margin improvement plans, or capital allocation priorities beyond routine committee updates.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 20 | 20 | 20 | 20 |
| Reserves | 45 | 40 | 50 | 50 |
| Borrowings | 28 | 28 | 30 | 26 |
| Total Liabilities | 158 | 125 | 154 | 160 |
| Fixed Assets | 23 | 24 | 21 | 22 |
| Investments | 6 | 6 | 5 | 6 |
| Total Assets | 158 | 125 | 154 | 160 |
The balance sheet shows stable equity and reserves of ₹70 crore, with borrowings declining slightly from ₹28 crore to ₹26 crore over the past year. Total assets remain flat around ₹158-160 crore, indicating no major capex or asset expansion. The capital structure remains conservative, with low leverage (D/E of 0.43), suggesting a cautious approach to financing amid uncertain operating conditions.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | +3 |
| Investing | +0 |
| Financing | -4 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 54.3% | 54.3% | 54.3% | 54.3% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 42.1% | 42.0% | 42.7% | 42.5% |
| # Shareholders | 19,702 | 19,169 | 18,721 | 18,650 |
Promoter holding remains steady at 54.27% with no changes in FII or DII allocations, which are currently at 0%. The number of public shareholders has slightly declined, but the company maintains a broad retail base. There are no signs of institutional accumulation or significant retail divergence, and no pledging activity is disclosed in the available data.
⚖️ Peer Comparison — Fertilizers
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| COROMANDEL | 56,003 | 30.5 | 21.0% | — | 0.07 |
| FACT | 49,637 | 1784.0 | 9.2% | — | 1.29 |
| CHAMBLFERT | 16,767 | 8.7 | 22.6% | — | 0.10 |
| PARADEEP | 16,170 | 15.1 | 14.5% | — | 1.01 |
| GSFC | 6,099 | 8.8 | 7.4% | — | 0.00 |
| RCF | 6,066 | 13.6 | 10.2% | — | 0.80 |
| NFL | 3,220 | 8.8 | 15.8% | — | 0.73 |
| SPIC | 1,281 | 6.2 | 14.9% | — | 0.51 |
| MADRASFERT | 957 | 13.5 | 9.5% | — | -49.36 |
| ZUARI | 911 | 1.0 | 50.7% | — | 0.34 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Sustained margin compression in recent quarters raises concerns about profitability resilience, especially without disclosed mitigation strategies. 2) Absence of institutional investor interest may limit liquidity and valuation depth. 3) Heavy reliance on promoter funding and lack of external capital suggests limited confidence from broader markets. 4) No forward guidance from management leaves investors without clarity on how the company plans to address operational headwinds.
📋 Recent Filings
- 🟡 Board Meeting2026-08-13Agro Phos India Limited announced the outcome of its board meeting held on 13th August 2026, approving unaudited financial results for the quarter end…
- 🟡 Board Meeting2026-07-11Agro Phos India announced the appointment of Mrs. Sakina Dharwala as an Additional Non-Executive Independent Director for five years starting 11 July …
- 🟡 Board Meeting2026-07-11Agro Phos India announced reconstitution of its Board committees effective 11 July 2026 following the appointment of Mrs. Sakina Dharwala as an Indepe…
- 🟡 Board Meeting2026-07-11Agro Phos India announced the appointment of Mrs. Sakina Dharwala as an Additional Director and Non-Executive Independent Director effective 11th July…
- share transfer2026-07-08Agro Phos India Limited received a SEBI Regulation 74(5) certificate from Bigshare Services for the quarter ended 30 June 2026, confirming demateriali…
- Financial Results2026-06-22Agro Phos India Limited announced that its insider trading window will close on July 1, 2026, and remain closed until 48 hours after the unaudited qua…
- 🔴 Announcement2026-06-11Agro Phos India Limited announced the resignation of Independent Director Samir Kumar Biswas effective June 11, 2026, following receipt of his formal …
- 🟡 Board Meeting2026-06-11No summary available
- regulation 312026-06-05{ "summary": "Agro Phos India Limited disclosed promoter holdings under SEBI Regulation 31(a) for the financial year ending March 31, 2026. Promoter…
- secretarial compliance2026-05-30Agro Phos India Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026 to the National Stock Exchange …
🧠 Analyst's Read
Agro Phos India is navigating a quiet phase marked by declining operational performance and muted market engagement. The lack of strategic commentary or growth initiatives, combined with weakening financial trends, warrants close monitoring of future disclosures for signs of turnaround intent or further deterioration.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-29.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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