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

• Market Cap: ₹36.90B
• Dividend Yield: 0.12%
• Average Volume (3M): 204.17K
• Price to Earnings (P/E): 49.7
• Beta (1Y): 0.37
• Revenue Growth: 46.10%
• EPS Growth: 155.03%
• Country: IN
• Employees: 308
• Sector: Consumer Defensive
• Sector Strength: 45
• Industry: Agricultural Inputs
• EPS (TTM): 3.22
• Shares Outstanding: 87,626,940
• 10 Day Avg. Volume: 177,587
• 30 Day Avg. Volume: 204,166
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹503.00
• Price Target Upside: 20.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 70 Outperform
• Price Target: ₹503.00 ▲(20.86% Upside)

Madhya Bharat Agro Products Ltd. scores well primarily due to strong technical analysis indicators, reflecting a positive price trend and momentum. However, the high valuation and financial risks, such as increased leverage and cash flow volatility, moderate the overall score.

Madhya Bharat Agro Products Ltd. Business Overview & Revenue Model

Company Description

Madhya Bharat Agro Products Ltd. (MBAPL) is an Indian company primarily engaged in the manufacturing and trading of fertilizers and agrochemicals. MBAPL operates within the agricultural sector, focusing on the production of Single Super Phosphate (SSP) and other nutrient-based fertilizers that are essential for enhancing soil fertility and improving crop yields. The company serves a broad customer base, including farmers and agricultural distributors, by providing high-quality agro products designed to support sustainable agricultural practices.

How the Company Makes Money

MBAPL generates revenue through the production and sale of its core products, primarily Single Super Phosphate (SSP) fertilizers, which are sold directly to farmers, agricultural cooperatives, and distributors. The company's revenue model heavily relies on the demand for fertilizers, driven by agricultural activities and the need for increased crop productivity. MBAPL also benefits from government policies and subsidies that promote the use of fertilizers in agriculture, contributing to its financial performance. Additionally, the company may engage in strategic partnerships or collaborations that enhance its distribution network and market reach, further supporting its revenue streams.

Madhya Bharat Agro Products Ltd. Financial Statement Overview

Summary

Madhya Bharat Agro Products Ltd. shows strong revenue growth and operational efficiency with healthy margins. However, increased leverage and volatile cash flows pose risks, requiring careful cash management.

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	9.08B	10.59B	8.17B	5.08B	2.83B	1.31B
Gross Profit	2.97B	3.39B	2.60B	-2.23B	-421.21M	230.85M
EBITDA	1.28B	1.57B	1.08B	2.15B	1.07B	416.21M
Net Income	445.99M	574.76M	248.45M	1.24B	570.20M	202.42M
Balance Sheet
Total Assets	0.00	9.46B	8.04B	7.43B	4.39B	2.64B
Cash, Cash Equivalents and Short-Term Investments	349.06M	206.09M	118.75M	212.68M	82.37M	4.69M
Total Debt	0.00	3.18B	2.90B	3.23B	1.64B	703.22M
Total Liabilities	-3.72B	5.42B	4.53B	4.14B	2.34B	1.15B
Stockholders Equity	3.72B	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	300.46M
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: Neutral
• Last Price: 416.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MBAPL, the sentiment is Neutral. The current price of 416.2 is below the 20-day moving average (MA) of 425.83, below the 50-day MA of 426.63, and above the 200-day MA of 316.61, indicating a neutral trend. The MACD of -1.36 indicates Positive momentum. The RSI at 44.54 is Neutral, neither overbought nor oversold. The STOCH value of 16.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
MBAPL	70 Outperform	₹36.90B	49.74		0.12%	46.10%	155.03%
Sector *	63 Neutral	$20.52B	14.79	-2.72%	3.09%	1.95%	-4.74%
ATFL	―	₹31.68B	348.88		0.36%	―	―
GOKULAGRO	78 Outperform	₹48.76B	18.45		―	28.64%	60.54%
GOODLUCK	70 Outperform	₹40.98B	23.97		0.49%	11.91%	9.18%
HONDAPOWER	68 Neutral	₹29.13B	39.77		3.83%	-12.81%	-19.89%
GLOBUSSPR	51 Neutral	₹30.66B	120.80		0.25%	4.34%	-65.65%