Madhya Bharat Agro Products Ltd. (MBAPL) AI Stock Analysis

• Market Cap: ₹37.67B
• Dividend Yield: 0.12%
• Average Volume (3M): 196.85K
• Price to Earnings (P/E): 35.5
• Beta (1Y): 0.50
• Revenue Growth: 65.92%
• EPS Growth: 224.35%
• Country: IN
• Employees: 308
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Agricultural Inputs
• EPS (TTM): 3.62
• Shares Outstanding: 87,626,940
• 10 Day Avg. Volume: 263,431
• 30 Day Avg. Volume: 196,853
• PEG Ratio: 0.34
• Price to Book (P/B): 6.24
• Price to Sales (P/S): 2.38
• P/FCF Ratio: -213.22
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹425.00 ▼(-2.77% Downside)

The overall stock score of 58 reflects strong financial performance with growth potential, but is tempered by high valuation and bearish technical indicators. The company's leverage and cash flow volatility are key risks, while the lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for MBAPL's products, enhancing its market position and supporting long-term financial stability.

Operational Efficiency

Improved gross profit margins suggest effective cost management, which can sustain profitability and competitive advantage over time.

Government Support

Government support through policies and subsidies ensures a stable demand for fertilizers, which can drive long-term revenue and market stability.

Negative Factors

High Leverage

High leverage can increase financial risk and limit flexibility, potentially impacting the company's ability to invest in growth or weather economic downturns.

Volatile Cash Flows

Volatile cash flows and negative free cash flow can strain liquidity, affecting the company's ability to fund operations and growth sustainably.

Net Income Decline

A decline in net income could signal challenges in maintaining profitability, impacting investor confidence and long-term financial health.

Madhya Bharat Agro Products Ltd. Business Overview & Revenue Model

Company Description

Madhya Bharat Agro Products Limited manufactures and sells fertilizers and chemicals in India. It offers beneficiated rock phosphate, sulphuric acid, single super phosphate, granulated single super phosphate, sulphur bentonite, and phosphate rich organic manure, as well as oleum products. The company was incorporated in 1997 and is based in Bhilwara, India. Madhya Bharat Agro Products Limited is a subsidiary of Ostwal Phoschem (India) Limited.

How the Company Makes Money

MBAPL generates revenue through multiple streams, primarily from the sale of its agricultural products, including grains, pulses, and fertilizers. The company employs a direct sales model, distributing its products to farmers, cooperatives, and agricultural businesses, which enables it to maintain strong market penetration. Additionally, MBAPL engages in export activities, tapping into international markets for its products, which enhances its revenue base. Strategic partnerships with local farmers and agricultural organizations play a crucial role in ensuring a steady supply chain and customer loyalty, further contributing to the company's earnings. The company's focus on innovation and sustainability also positions it favorably in the growing organic market segment, allowing it to attract premium pricing for its organic products.

Madhya Bharat Agro Products Ltd. Financial Statement Overview

Summary

Madhya Bharat Agro Products Ltd. shows strong revenue growth and operational efficiency, but increased leverage and volatile cash flows pose risks. The company's investment in growth opportunities may pay off, but careful cash management is recommended.

Income Statement

Madhya Bharat Agro Products Ltd. has shown strong revenue growth over the years, particularly between 2022 and 2025. The gross profit margin has generally improved, indicating efficient cost management. However, there was a dip in net income in 2025 compared to 2023, impacting the net profit margin. The company maintains healthy EBIT and EBITDA margins, signalling robust operational performance.

Balance Sheet

The company's debt-to-equity ratio has increased over time, suggesting higher leverage. However, the equity ratio is stable, indicating a strong asset base relative to liabilities. Return on equity has been positive, reflecting effective use of shareholders' funds despite the increased debt levels.

Cash Flow

Cash flows have been volatile, with negative free cash flow in recent years due to high capital expenditures. This indicates potential investment in growth but also highlights cash flow management challenges. The operating cash flow to net income ratio shows variability, suggesting fluctuations in converting profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.40B	10.59B	4.93B	5.08B	2.83B	1.31B
Gross Profit	4.07B	3.39B	-1.25B	-2.23B	-780.05M	23.65M
EBITDA	2.07B	1.57B	1.08B	2.13B	1.07B	416.21M
Net Income	908.18M	574.76M	248.45M	1.24B	570.20M	202.42M
Balance Sheet
Total Assets	12.07B	9.46B	8.04B	7.43B	4.39B	2.64B
Cash, Cash Equivalents and Short-Term Investments	250.52M	206.09M	118.75M	212.68M	82.37M	4.69M
Total Debt	3.12B	3.18B	2.90B	3.23B	1.64B	703.22M
Total Liabilities	7.49B	5.42B	4.53B	4.14B	2.34B	1.15B
Stockholders Equity	4.58B	4.04B	3.51B	3.28B	2.05B	1.49B
Cash Flow
Free Cash Flow	0.00	-118.12M	437.99M	-1.40B	-851.74M	-262.15M
Operating Cash Flow	0.00	962.07M	1.49B	-700.40M	-719.30M	297.59M
Investing Cash Flow	0.00	-919.77M	-936.48M	-653.14M	-130.62M	-559.94M
Financing Cash Flow	0.00	-42.25M	-613.63M	1.41B	848.20M	254.68M

Madhya Bharat Agro Products Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 437.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MBAPL, the sentiment is Positive. The current price of 437.1 is above the 20-day moving average (MA) of 409.04, above the 50-day MA of 409.61, and above the 200-day MA of 394.06, indicating a bullish trend. The MACD of 2.03 indicates Negative momentum. The RSI at 62.48 is Neutral, neither overbought nor oversold. The STOCH value of 72.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MBAPL.

Madhya Bharat Agro Products Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOKULAGRO	78 Outperform	₹49.62B	16.88	―	―	34.34%	45.32%
GOODLUCK	69 Neutral	₹38.95B	22.88	―	0.38%	9.57%	3.24%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HONDAPOWER	61 Neutral	₹22.40B	28.55	―	1.38%	-1.54%	10.30%
MBAPL	58 Neutral	₹37.67B	35.53	―	0.12%	65.92%	224.35%
GLOBUSSPR	56 Neutral	₹27.51B	36.51	―	0.28%	2.36%	-26.16%

Madhya Bharat Agro Products Ltd. Corporate Events

Madhya Bharat Agro Products Ltd. Enters Strategic Marketing Agreement

Madhya Bharat Agro Products Ltd. has announced a strategic selling and marketing agreement with Green Agrevolution Private Limited, aimed at distributing agri-inputs through DeHaat’s network. This agreement is expected to significantly contribute to the company’s revenue and expand its market presence, benefiting customers with an assured supply.