MADHYA BHARAT AGRO P. LTD (MBAPL) financials

MADHYA BHARAT AGRO P. LTD (MBAPL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Madhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products.[1]

Market Cap: ₹7,668Cr.
Current Price: ₹167
Stock P/E: 49.5
ROE: 31.3%
ROCE: 19.3%
Book Value: ₹12.6
Dividend Yield: 0.06%
52W High / Low: ₹175/76.6

In Jun 2026, MADHYA BHARAT AGRO P. LTD (MBAPL) reported sales ₹416 Cr and net profit ₹33 Cr.

Annual TTM: sales ₹1,874 Cr, net profit ₹155 Cr.

Shareholding: Promoters 71.38% (Sep 2026), FIIs 0.88% (Sep 2026), DIIs 0.21% (Sep 2026), Public 27.53% (Sep 2026), No. of Shareholders 15,536% (Sep 2026).

MBAPL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	278	284	297	410	450	612	395	416
Expenses	242	244	261	353	388	546	353	350
Operating Profit	36	39	36	57	62	66	41	66
OPM %	13%	14%	12%	14%	14%	11%	10%	16%
Other Income	2	2	6	3	2	3	9	5
Interest	7	5	7	7	6	9	11	15
Depreciation	9	9	8	9	9	9	9	12
Profit before tax	23	27	27	44	49	51	31	44
Tax %	39%	34%	47%	36%	37%	37%	-95%	26%
Net Profit	14	18	14	28	30	32	60	33
EPS in Rs	0.32	0.41	0.33	0.64	0.70	0.72	1.36	0.75
Raw PDF	—	—	—	—	—	—	—	—

MBAPL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	129	185	490	981	815	1,058	1,866	1,874
Expenses	94	143	384	772	719	912	1,639	1,638
Operating Profit	35	42	107	210	96	145	227	235
OPM %	27%	23%	22%	21%	12%	14%	12%	13%
Other Income	0	0	0	5	11	11	17	19
Interest	3	4	8	16	26	28	32	41
Depreciation	10	9	18	22	29	34	37	40
Profit before tax	21	29	81	176	52	95	174	174
Tax %	31%	29%	30%	29%	52%	39%	14%	—
Net Profit	15	20	57	124	25	57	150	155
EPS in Rs	0.34	0.46	1.30	2.83	0.57	1.31	3.43	3.53
Dividend Payout %	7%	5%	2%	2%	18%	8%	3%	—

MBAPL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	22	22	22	22	44	88	88	88
Reserves	95	108	127	183	285	263	316	462
Borrowings	26	40	70	164	323	290	318	856
Other Liabilities	16	19	45	70	92	163	223	277
Total Liabilities	160	189	264	439	743	804	946	1,682
Fixed Assets	93	83	85	153	203	265	279	436
CWIP	9	31	75	2	0	14	74	277
Investments	0	0	0	0	0	0	0	0
Other Assets	58	75	104	283	540	525	592	968
Total Assets	160	189	264	439	743	804	946	1,682

MBAPL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	15	14	30	-72	-70	148	96	-127
Cash from Investing Activity	-1	-22	-56	-13	-65	-92	-92	-373
Cash from Financing Activity	-14	9	25	85	141	-61	-4	501
Net Cash Flow	0	1	-1	-0	6	-6	0	-0
Free Cash Flow	14	-8	-26	-85	-140	43	-12	-524
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	62%	54%	83%	-54%	-19%	163%	77%	-43%

MBAPL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	74.56%	74.56%	74.56%	74.63%	74.76%	74.76%	74.76%	71.38%
FIIs	0.00%	0.03%	0.11%	0.43%	0.19%	0.46%	0.67%	0.88%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.21%
Public	25.44%	25.41%	25.34%	24.95%	25.06%	24.78%	24.57%	27.53%
No. of Shareholders	9,718	8,966	11,822	12,546	13,348	12,758	12,260	15,536

MBAPL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	76	79	54	55	74	83	88	83
Inventory Days	159	210	214	200	125	136	85	96
Days Payable	39	37	88	46	8	40	48	36
Cash Conversion Cycle	195	252	181	210	191	178	125	144
Working Capital Days	103	123	67	65	61	54	51	49
ROCE %	14%	16%	17%	30%	38%	12%	18%	19%

MBAPLUpdated 18 Oct 2026, 6:43

Madhya Bharat Agro P. Ltd

MBAPLUpdated 18 Oct 2026, 6:43

Market Cap

₹7,668Cr.

Current Price

₹167

High / Low

₹175/76.6

Stock P/E

49.5

ROE31.3%

ROCE19.3%

Book Value₹12.6

Face Value₹2.00

Dividend Yield0.06%

About

Madhya Bharat Agro Products Ltd, part of Ostwal Group, is engaged in the business of manufacturing fertiliser and chemical products.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	149	6	125	1	7	12	42	7	0.17
Sep 2023	278	8	238	1	7	26	42	15	0.34
Dec 2023	244	4	226	0	7	7	80	1	0.03
Mar 2024	146	8	132	9	7	8	82	1	0.03
Jun 2024	200	9	167	2	9	18	36	11	0.26
Sep 2024	278	7	242	2	9	23	39	14	0.32
Dec 2024	284	5	244	2	9	27	34	18	0.41
Mar 2025	297	7	261	6	8	27	47	14	0.33
Jun 2025	410	7	353	3	9	44	36	28	0.64
Sep 2025	450	6	388	2	9	49	37	30	0.7
Dec 2025	612	9	546	3	9	51	37	32	0.72
Mar 2026	395	11	353	9	9	31	-95	60	1.36
Jun 2026	416	15	350	5	12	44	26	33	0.75

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	62	3	56	6	3	6	32	4	0.11
Mar 2016	65	3	52	0	4	6	-55	9	0.21
Mar 2017	82	5	60	4	7	13	11	12	0.27
Mar 2018	90	5	69	0	8	7	30	5	0.12
Mar 2019	107	4	78	0	10	16	27	11	0.26
Mar 2020	129	3	94	0	10	21	31	15	0.34
Mar 2021	185	4	143	0	9	29	29	20	0.46
Mar 2022	490	8	384	0	18	81	30	57	1.3
Mar 2023	981	16	772	5	22	176	29	124	2.83
Mar 2024	815	26	719	11	29	52	52	25	0.57
Mar 2025	1058	28	912	11	34	95	39	57	1.31
Mar 2026	1866	32	1639	17	37	174	14	150	3.43
TTM	1874	41	1638	19	40	174	—	155	3.53

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	71.38%
FIIs	0.88%
DIIs	0.21%
Public	27.53%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	74.54%	0%	0%	25.46%
Mar 2024	74.52%	0%	0%	25.48%
Jun 2024	74.43%	0%	0%	25.57%
Sep 2024	74.51%	0%	0%	25.49%
Dec 2024	74.56%	0%	0%	25.44%
Mar 2025	74.56%	0.03%	0%	25.41%
Jun 2025	74.56%	0.11%	0%	25.34%
Sep 2025	74.63%	0.43%	0%	24.95%
Dec 2025	74.76%	0.19%	0%	25.06%
Mar 2026	74.76%	0.46%	0%	24.78%
Jun 2026	74.76%	0.67%	0.01%	24.57%
Sep 2026	71.38%	0.88%	0.21%	27.53%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	18	54	9	13	94	59	6	1	27	94
Mar 2016	22	69	18	4	113	88	0	1	24	113
Mar 2017	22	80	34	14	149	94	9	0	46	149
Mar 2018	22	84	36	11	153	102	9	0	42	153
Mar 2019	22	95	26	16	160	93	9	0	58	160
Mar 2020	22	108	40	19	189	83	31	0	75	189
Mar 2021	22	127	70	45	264	85	75	0	104	264
Mar 2022	22	183	164	70	439	153	2	0	283	439
Mar 2023	44	285	323	92	743	203	0	0	540	743
Mar 2024	88	263	290	163	804	265	14	0	525	804
Mar 2025	88	316	318	223	946	279	74	0	592	946
Mar 2026	88	462	856	277	1682	436	277	0	968	1682

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	6	-3	-3	-1
Mar 2016	11	-27	16	0
Mar 2017	8	-17	8	0
Mar 2018	19	-16	-3	0
Mar 2019	15	-1	-14	0
Mar 2020	14	-22	9	1
Mar 2021	30	-56	25	-1
Mar 2022	-72	-13	85	0
Mar 2023	-70	-65	141	6
Mar 2024	148	-92	-61	-6
Mar 2025	96	-92	-4	0
Mar 2026	-127	-373	501	0

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	33	40	57	48	76	79	54	55	74	83	88	83
Inventory Days	74	58	204	130	159	210	214	200	125	136	85	96
Days Payable	59	17	80	47	39	37	88	46	8	40	48	36
Cash Conversion Cycle	48	80	180	131	195	252	181	210	191	178	125	144
Working Capital Days	65	87	74	45	103	123	67	65	61	54	51	49
ROCE %	12%	9%	15%	9%	14%	16%	17%	30%	38%	12%	18%	19%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MADHYA BHARAT AGRO P. LTD (MBAPL)?

The reported market capitalisation for MADHYA BHARAT AGRO P. LTD (MBAPL) is ₹7,668Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MBAPL?

The current price shown for MADHYA BHARAT AGRO P. LTD (MBAPL) on Fincrux is ₹167 with a 52-week high/low of ₹175/76.6.

What is the P/E ratio of MADHYA BHARAT AGRO P. LTD (MBAPL)?

The stock P/E for MADHYA BHARAT AGRO P. LTD (MBAPL) is 49.5 on Fincrux, with ROE at 31.3% and ROCE at 19.3%.

What were MBAPL latest quarterly results?

For Jun 2026, MADHYA BHARAT AGRO P. LTD (MBAPL) reported sales ₹416 Cr and net profit ₹33 Cr (figures in ₹ crore unless noted).

What are MBAPL annual sales and net profit?

For TTM, MADHYA BHARAT AGRO P. LTD (MBAPL) shows sales of ₹1,874 Cr and net profit of ₹155 Cr on the Fincrux profit & loss statement.

Who owns MADHYA BHARAT AGRO P. LTD (MBAPL)?

Latest shareholding for MADHYA BHARAT AGRO P. LTD (MBAPL) on Fincrux: Promoters 71.38% (Sep 2026), FIIs 0.88% (Sep 2026), DIIs 0.21% (Sep 2026), Public 27.53% (Sep 2026), No. of Shareholders 15,536% (Sep 2026).

Where can I find MADHYA BHARAT AGRO P. LTD (MBAPL) financials?

MADHYA BHARAT AGRO P. LTD (MBAPL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MBAPL balance sheet and cash flow?

Yes. The MADHYA BHARAT AGRO P. LTD (MBAPL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 6:43