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Madhya Bharat Agro Products Ltd (MBAPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MBAPL Fertilizers | Small Cap | MP Bharat Agro Prod. Share Price

BSE Share Price
Not Listed

Madhya Bharat Agro Products Ltd (MBAPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: MBAPL Fertilizers | Small Cap | MP Bharat Agro Prod. Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹5,017 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹17.1
TTM Sales
₹1,867 Cr.
Book Value per Share
₹62.7
P/E Ratio
33.40
Higher than its 5-year historical median
Industry PE
15.7
Price to Book (P/B)
9.13
Higher than its 5-year historical median
Price to Sales (P/S)
2.69
In line with its 5-year historical median
EV/EBITDA
24.03
Higher than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
31.50%
Outperforms industry median
Return on Capital Employed (ROCE)
19.41%
Outperforms industry median
Return on Assets (ROA)
11.43%
Operating Profit Margin
12.3%
Net Profit Margin
8.04%
Gross Profit Margin
11.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
76.27%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
55.73%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
161.27%
Asset Quality
Promoter Holding
74.76%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹462 Cr.
Equity
₹87.6 Cr.
Face Value
₹10
All Time Low / High
- / -

Madhya Bharat Agro Products stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Madhya Bharat Agro Products Ltd a good quality company?
Madhya Bharat Agro Products Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Madhya Bharat Agro Products Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Madhya Bharat Agro Products Ltd vs industry peers?
Madhya Bharat Agro Products Ltd revenue CAGR is 51.93%, compared to the industry median CAGR of 8.22%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Madhya Bharat Agro Products Ltd?
Promoters hold 74.76% of the Madhya Bharat Agro Products Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Madhya Bharat Agro Products Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 45.77% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Madhya Bharat Agro Products Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 18.8%11%14.9%15.7%16.6%30.2%37.8%12.2%18%19.4%-
Value Creation
Index
0.4-0.20.10.10.21.21.7-0.10.30.4-

Growth Parameters

Sales 81.689.91161311864919828171,0591,8671,867
Sales YoY Gr.-10.2%29.1%12.8%41.9%164.7%99.8%-16.8%29.7%76.3%-
Adj EPS 1.30.61.31.72.36.514.22.96.717.417.1
YoY Gr.--56.7%124.1%30%36.1%183%117.7%-79.8%135.3%157.8%-
BVPS (₹) 8.89.313.314.917.123.437.540.146.162.762.7
Adj Net
Profit
11.75.111.414.820.25712425.158.9152150
Cash Flow from Ops. 8.119.215.414.429.8-71.9-7014896.2-127-
Debt/CF from Ops. 4.21.91.72.82.4-2.3-4.623.3-6.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 41.6%58.7%23.9%76.3%
Adj EPS 32.9%49.8%7%157.8%
BVPS24.4%29.8%18.7%36.1%
Share Price - 40.4% -2.5% 36.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
12.24.910.21214.432.246.57.415.631.927.3
Op. Profit
Mgn %
26.122.825.426.522.421.721.411.81412.312.1
Net Profit
Mgn %
14.45.79.811.310.911.612.73.15.68.18
Debt to
Equity
0.40.40.20.30.50.810.80.81.60.7
Working Cap
Days
14416815218317514114823018814986
Cash Conv.
Cycle
748590127106931091601109525

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales82901161311864919828171,0591,867
Operating Expenses + 606987961443857727219141,640
Manufacturing Costs10101214184071626582
Material Costs32414857902876235577201,369
Employee Cost 2368111816161923
Other Costs 1716211725416385109166
Operating Profit 212129354210721096145227
Operating Profit Margin (%) 26.1%22.8%25.4%26.5%22.4%21.7%21.4%11.8%13.7%12.1%
Other Income + 4000005111117
Exceptional Items 0000000000
Interest 55434816262832
Depreciation 78101091822293437
Profit Before Tax 137162129811765295174
Tax 224782452273724
Profit After Tax 125111520571242557150
PAT Margin (%) 14.4%5.7%9.9%11.3%10.9%11.6%12.7%3.0%5.4%8.0%
Adjusted EPS (₹)1.30.61.31.72.36.514.22.86.617.1
Dividend Payout Ratio (%)9.30%21.40%9.60%7.40%5.40%1.90%1.80%17.60%7.60%2.90%

Valuation of MP Bharat Agro Prod. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 102106117130149205328351404550
Share Capital 22222222222244888888
Reserves 808495108127183285263316462
Debt +3033243762154309275306829
Long Term Debt211917294132413085405
Short Term Debt9147821122267246221424
Minority Interest0000000000
Trade Payables75562236146294134
Others Liabilities 871316314391116142170
Total Liabilities 1461511591892644397438049461,682

Fixed Assets

Net Fixed Assets +94102938385153203265279436
Gross Block114130130131142228300391439633
Accumulated Depreciation20283848577597126160197
CWIP 9993175201474277
Investments 0000000000
Inventories1814213353157214207167360
Trade Receivables131222282774199186256426
Cash Equivalents 00010821121225
Others Assets 131414142344105120157157
Total Assets 1461511591892644397438049461,682

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 819151430-72-7014896-127
PBT 137162129811765295174
Adjustment 8131413132634455161
Changes in Working Capital -111-11-16-7-164-25060-34-333
Tax Paid -2-2-3-4-5-15-31-9-16-29
Cash Flow From Investing Activity + -17-16-1-22-56-13-65-92-92-373
Capex -22-16-1-22-56-13-70-105-108-397
Net Investments 5000000000
Others -0-000005131623
Cash Flow From Financing Activity + 8-3-1492585141-61-4501
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5-2-21217-813-1153334
Interest Paid -5-5-4-3-4-8-16-26-28-32
Dividend Paid 0-1-1-1-1-1-1-2-4-4
Others 85-7113101145-22-25203
Net Cash Flow -0-001-1-06-60-0

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.36.4511.5412.0114.4732.1546.547.3115.2331.5
ROCE (%)18.8310.9614.915.6616.6130.1537.7712.1618.0219.41
Asset Turnover Ratio0.640.610.750.750.821.41.661.061.211.42
PAT to CFO Conversion(x)0.673.81.360.931.5-1.26-0.565.921.68-0.85
Working Capital Days
Receivable Days43.8049.6053.5069.8054.1037.5050.708676.2066.70
Inventory Days52.106555.6075.1084.6078.206994.1064.4051.50
Payable Days49.8054.5039.5034.9055.5036.7014.7024.9039.5030.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.010.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Madhya Bharat Agro Products Ltd FAQs

The current trading price of MP Bharat Agro Prod. on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of MP Bharat Agro Prod. stood at ₹5,016.6 Cr

The latest P/E ratio of MP Bharat Agro Prod. as of 31-Dec-1969 is 33.40.

The latest P/B ratio of MP Bharat Agro Prod. as of 31-Dec-1969 is 9.13.

The 52-week high of MP Bharat Agro Prod. is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MP Bharat Agro Prod. is ₹1,867 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Madhya Bharat Agro Products Ltd is a average quality company.

The key valuation ratios of Madhya Bharat Agro Products Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Madhya Bharat Agro Products Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Madhya Bharat Agro Products Ltd

The company was incorporated in 1997 and promoted by Shailendra Kumar Jain, Motilal Jain, Sukhnandan Jain and Sunil Kumar Jain with an object to implement an SSP Plant and has successfully implemented the SSP plant at Unit I in the year 1999. Later in year 2004 the company was taken- over by Pankaj Ostwal, Praveen Ostwal and Seasons Agro Chem India Pvt. Ltd. The company set up unit II of Beneficiated Rock Phosphate (BRP) with an installed capacity of which process the low grade rock phosphate into high grade rock phosphate and its commercial processing started in March 2012. The company’s manufacturing plant is situated at Sagar, Madhya Pradesh with total installed capacity of 180000 MT of SSP, 99000 MT of BRP and 36000MT of Sulphuric Acid.

Business area of the company

The company is manufacturing Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP) and Sulphuric Acid which is used in large quantities for replenishing “P” (Phosphorus) in the soil and act as a fertilizer for the crop. The company has entered into the backward integration by manufacturing of Beneficiated Rock Phosphate (BRP) and Sulphuric Acid which is used as a raw material for manufacturing of SSP. It is also engaged in business of Purchase and Sale of (Trading) of Textiles and agricultural commodity.

Milestones

  • 1997-98: Incorporation of the Company in the name and style of “Madhya Bharat Agro Products Private Limited”.
  • 1998-99: Starting commercial production for manufacturing of SSP at Unit.
  • 1999-00: Conversion of Company from Private Limited to Public Limited.
  • 2002-03: Operations of the Company was closed and referred to BIFR for registration as Sick Company.
  • 2004-05: The company was taken over by Existing Promoters.
  • 2007-08: Revive from Board for Industrial and financial Reconstruction.
  • 2009-10: Change in Registered office from Indore , Madhya Pradesh to Bhilwara, Rajasthan.
  • 2011-12: Starting commercial production for manufacturing of BRP at Unit – II.
  • 2014-15: Started Production for manufacturing of SSP at Unit-II.
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