Nagarjuna Fertilizers & Chemicals Ltd (NAGAFERT)
🎯 Key Takeaways
- Nagarjuna Fertilizers & Chemicals Ltd is effectively a defunct entity following the complete exit from its fertilizer business and asset sale settlement, with no remaining revenue-generating operations. The company now operates under a non-going concern framework, having formally disclosed in its June 2025 quarter filing that its financials were prepared under this assumption due to the absence of core business activities.
- ⚠️ 1) Complete cessation of revenue-generating operations leaves the company entirely dependent on administrative sustenance. 2) Persistent negative rese
- Market Cap
- ₹102
- P/B Ratio
- -0.11
- ROE
- 1.6%
- ROCE
- 1.0%
- Debt/Equity
- -0.01
- Promoter
- 51.8%
📖 The Story
Nagarjuna Fertilizers & Chemicals Ltd is effectively a defunct entity following the complete exit from its fertilizer business and asset sale settlement, with no remaining revenue-generating operations. The company now operates under a non-going concern framework, having formally disclosed in its June 2025 quarter filing that its financials were prepared under this assumption due to the absence of core business activities.
📰 What's Happening
The company has been in a state of operational wind-down since completing asset sales, with no new business initiatives disclosed. The most recent board meeting on August 30, 2026, was convened solely to approve unaudited Q1 FY27 results, indicating continued administrative upkeep without commercial activity. There have been no announcements of new ventures, acquisitions, or operational restarts. Management has not provided any forward-looking business guidance, reflecting the company's stagnant status. Delays in financial reporting due to employee attrition and financial strain, as cited in the June 15, 2026 filing, further underscore institutional instability.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 8 | -2 | 0 |
| Operating Profit | -6 | -3 | -5 | -6 | -5 |
| OPM % | — | — | -58.2% | 299.0% | — |
| Net Profit | -6 | -5 | -6 | 2 | -6 |
| EPS | ₹-0.10 | ₹-0.08 | ₹-0.10 | ₹0.03 | ₹-0.09 |
The company's financial trajectory has shifted from operational losses to near-total revenue collapse, with June 2026 showing zero revenue and negative operating profit of ₹-5 crore, continuing a multi-quarter trend of financial erosion. Earlier quarters showed volatile but small revenues and mixed profitability, but the current phase reflects a complete breakdown of business functionality, as confirmed by the non-going concern treatment of the June 2025 results.
🔮 Management Outlook & What's Next
Management has not provided any forward-looking operational or financial guidance in recent filings, with no commentary on future business plans or performance expectations. The only disclosed forward-looking item is the routine approval of unaudited Q1 FY27 results, without any qualitative or quantitative expectations attached. The absence of strategic commentary suggests a lack of recovery vision or growth intent.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 60 | 60 | 60 | 60 |
| Reserves | -986 | -972 | -1,002 | -997 |
| Borrowings | 19 | 19 | 6 | 19 |
| Total Liabilities | 469 | 687 | 286 | 395 |
| Fixed Assets | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Total Assets | 469 | 687 | 286 | 395 |
The balance sheet shows persistently negative reserves and stagnant equity, with total assets declining from ₹469 crore in March 2025 to ₹286 crore in March 2026, indicating asset depletion or write-downs. Borrowings remain minimal but stable at ₹19 crore, with no evidence of new debt taken on. The financial position reflects a hollowed-out entity with little operational runway or capital reinvestment activity.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -211 |
| Investing | +2,241 |
| Financing | -561 |
| Net Cash Flow | +1,468 |
👥 Shareholding Pattern
| Category | Q1FY26 | Q2FY26 | Q3FY26 | Q4FY26 |
|---|---|---|---|---|
| Promoters | 52.0% | 51.8% | 51.8% | 51.8% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.1% | 0.0% | 0.0% | 0.0% |
| Public | 39.8% | 39.9% | 39.9% | 40.0% |
| # Shareholders | 3,29,717 | 3,29,249 | 3,27,165 | 3,24,775 |
Promoter holding remains stable at approximately 51.77%, with no signs of disinvestment, but institutional interest is negligible, as FII and DII holdings remain near zero at 0% and 0.02% respectively. The shrinking shareholder base, with only a marginal increase in public shareholders over recent quarters, suggests limited market confidence or interest in the company's current form.
⚖️ Peer Comparison — Fertilizers
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| COROMANDEL | 52,811 | 28.8 | 21.0% | — | 0.07 |
| FACT | 49,511 | 1779.4 | 9.2% | — | 1.29 |
| CHAMBLFERT | 16,575 | 8.6 | 22.6% | — | 0.10 |
| PARADEEP | 15,998 | 14.9 | 14.5% | — | 1.01 |
| GSFC | 6,043 | 8.7 | 7.4% | — | 0.00 |
| RCF | 5,978 | 13.4 | 10.2% | — | 0.80 |
| NFL | 3,184 | 8.7 | 15.8% | — | 0.73 |
| SPIC | 1,296 | 6.3 | 14.9% | — | 0.51 |
| MADRASFERT | 943 | 13.3 | 9.5% | — | -49.36 |
| ZUARI | 933 | 1.0 | 50.7% | — | 0.34 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1) Complete cessation of revenue-generating operations leaves the company entirely dependent on administrative sustenance. 2) Persistent negative reserves and declining asset base signal long-term financial erosion. 3) Ongoing delays and operational strain in financial reporting reflect governance and management instability. 4) Absence of any recovery strategy or new business development increases existential risk.
📋 Recent Filings
- 🔴 Announcement2026-09-11Nagarjuna Fertilizers & Chemicals announced the resignation of Company Secretary and Compliance Officer Sreekanth Chanda effective September 11, 2026,…
- Announcement2026-08-30Nagarjuna Fertilizers & Chemicals announced approved unaudited standalone and consolidated financial results for Q1 June 2026, showing revenue of **₹6…
- 🟡 Board Meeting2026-08-27Nagarjuna Fertilizers & Chemicals announced a board meeting on August 30, 2026, to approve unaudited Q1 FY27 financial results. The meeting will be he…
- share transfer2026-07-22Nagarjuna Fertilizers and Chemicals Limited confirmed dematerialization of securities for the quarter ended June 30, 2026, under SEBI regulations, ver…
- Financial Results2026-07-14Nagarjuna Fertilizers and Chemicals Limited clarified that its June 2025 quarter financials were prepared as a non-going concern due to discontinued o…
- Financial Results2026-07-14No summary available
- Financial Results2026-06-30Nagarjuna Fertilizers and Chemicals Limited announced that its trading window for insider transactions will remain closed from July 1, 2026, until 48 …
- Announcement2026-06-24Nagarjuna Fertilizers and Chemicals Limited announced that the Bombay High Court dismissed its appeal against an arbitration award in favor of Pipelin…
- Financial Results2026-06-15Nagarjuna Fertilizers and Chemicals Limited disclosed reasons for delaying its audited financial results for the year ended March 31, 2026, citing unp…
- 🔴 Financial Results2026-04-23Nagarjuna Fertilizers and Chemicals Limited clarified that its un-audited financial results for the quarter ended December 31, 2025, were prepared per…
🧠 Analyst's Read
The company is functionally defunct with no viable business model or path to recovery, making it a unique case of corporate wind-down rather than a distressed operating entity. Investors should monitor for any unexpected operational restarts or asset monetization events, but such developments appear highly improbable given current disclosures.
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 2026-09-30.
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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