ALFA Finder
| 1-Year Return | 137.95%Price Performance |
|---|---|
| Market Cap | ₹9008.75 CrFertilizers Sector |
| P/E Ratio | 58.14Sector PE: 11.14 |
| RSI | 69.58Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 715 | 420 | 450 |
| Other Income | 2.1 | 1.9 | 1.7 |
| Total Income | 717 | 422 | 452 |
| Profit Before Tax | 104 | 44.3 | 48.5 |
| Net Profit | 77.8 | 33.0 | 30.5 |
| Operating Margin | 14.5% | 10.5% | 10.7% |
| Net Profit QoQ | +135.8% | ||
| Net Profit YoY | +155.1% | ||
| Adj. Profit QoQ | +140.8% | ||
| Adj. Profit YoY | +118.2% | ||
Key highlights
- Net Profit surged 155.1% year-on-year to ₹77.8 crore in Q2 FY27
- Revenue from operations grew 58.9% YoY to reach ₹715 crore
- Operating margins expanded to 14.5% from 10.7% in the same quarter last year
- Profit Before Tax more than doubled YoY, reaching ₹104 crore for the quarter
- Half-yearly net profit for H1 FY27 stood at ₹110.84 crore compared to ₹58.67 crore in H1 FY26
Operational Scale Drives Revenue and Profit Growth
Madhya Bharat Agro Products Limited reported a substantial increase in operational scale during Q2 FY27, with revenue reaching ₹715 crore compared to ₹450 crore in the year-ago period. This growth translated into a Profit Before Tax of ₹104 crore, a significant jump from ₹48.5 crore in Q2-26. The sequential performance was also strong, with revenue climbing nearly 70% from ₹420 crore in Q1-27.
These results coincide with a period of high market momentum for the stock, which is trading near its 52-week high of ₹202.63. While the company maintains an 'Expensive Star' classification with a TTM P/E of 58.14, its bottom-line trajectory remains sharply upward.
Margin Expansion and Efficiency Gains
- Operating margins improved to 14.5% in Q2-27 from 10.5% in the preceding quarter
- Cost of materials consumed for the quarter stood at ₹389.21 crore
- Total income for the first half of FY27 reached ₹1,138.99 crore
- Inventory levels as of September 30, 2026, were recorded at ₹817.46 crore
- Promoter holding remains stable at 71.38% as of the latest reporting period
New Capacity and Market Positioning
A major operational development for the company was the commissioning of its DAP/NPK fertilizer manufacturing plant in Dhule, Maharashtra, on October 31, 2026. Commercial production at this new facility is expected to commence following the receipt of pending statutory licenses. Technical indicators show the stock in a strong position, with the price trading well above its 200-day Simple Moving Average of ₹129.24.
Additionally, institutional interest has seen a slight uptick, with Foreign Institutional Investors (FII) increasing their stake to 0.88% from 0.67% over the last four quarters, reflecting growing confidence in the company's expanded manufacturing capabilities.
| Date | Announcement | Amount |
|---|---|---|
| 14 Jul 2026 | Q1 FY27 standalone net profitSource: nivatawealth.in | ₹32.96 Cr |
| 17 Apr 2026 | Q4 FY26 standalone net profitSource: lemonn.co.in | ₹59.76 Cr |
| 08 Jan 2026 | Q3 FY26 standalone net profitSource: lemonn.co.in | ₹31.76 Cr |
| 08 Oct 2025 | Q2 FY26 standalone net profitSource: lemonn.co.in | ₹30.46 Cr |
| 11 Jul 2025 | Q1 FY26 standalone net profitSource: lemonn.co.in | ₹28.21 Cr |
What to watch next
- Virtual Q2 & H1 FY27 earnings conference call scheduled for November 17, 2026
- Commencement of commercial production at the Dhule DAP/NPK fertilizer plant
- Impact of increased manufacturing capacity on H2 FY27 production volumes
| Share price | ₹196.33 |
|---|---|
| Market capitalisation | ₹9,008.75 Cr |
| Revenue (annual) | ₹1,866.98 Cr |
| Net profit (annual) | ₹150.18 Cr |
| Revenue (latest quarter) | ₹416.30 Cr+5.47% vs previous quarter |
| Net profit (latest quarter) | ₹32.96 Cr-44.84% vs previous quarter |
| P/E (TTM) | 58.14×Sector 11.14× |
| Promoter holding | 71.38%-3.38% QoQ |
| FII holding | 0.88%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Madhya Bharat Agro Products Limited announcing its unaudited financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
