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Madhya Bharat Agro Products Ltd. (IN:MBAPL)
:MBAPL
India Market
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Madhya Bharat Agro Products Ltd. (MBAPL) AI Stock Analysis

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IN:MBAPL

Madhya Bharat Agro Products Ltd.

(MBAPL)

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Neutral 61 (OpenAI - 5.2)
Rating:61Neutral
Price Target:
₹606.00
▲(38.64% Upside)
Action:Reiterated
Date:04/21/26
The score is primarily constrained by financial risk factors—negative operating/free cash flow despite profits, higher leverage, and margin compression—despite strong 2026 revenue growth. Technicals are supportive with an established uptrend, and valuation is mixed with a high dividend yield offset by a relatively high P/E.
Positive Factors
Revenue Momentum
A near‑30% revenue increase in 2026 reflects durable top‑line momentum and stronger market demand for the company’s products. Sustained revenue growth supports scale economics, investment capacity and optionality for margin recovery if cost structure and cash conversion improve.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow despite accounting profits signals poor earnings quality and working capital or capex strain. This persistent cash absorption raises reliance on external funding, undermines self‑funding capacity for growth and pressures liquidity and dividend sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Momentum
A near‑30% revenue increase in 2026 reflects durable top‑line momentum and stronger market demand for the company’s products. Sustained revenue growth supports scale economics, investment capacity and optionality for margin recovery if cost structure and cash conversion improve.
Read all positive factors

Madhya Bharat Agro Products Ltd. (MBAPL) vs. iShares MSCI India ETF (INDA)

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 ...
How the Company Makes Money
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Madhya Bharat Agro Products Ltd. Financial Statement Overview

Summary
Strong 2026 revenue growth (~29.6% YoY) and positive profitability (net margin ~8.0%, EBIT margin ~10.2%) are offset by meaningful gross margin compression (~32.0% to ~22.6%), a sharp leverage increase (debt-to-equity ~1.56), and weak earnings quality as operating cash flow turned negative (~-1.6B) with deeply negative free cash flow (~-5.6B).
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
24
Negative
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue14.40B18.67B10.59B4.93B5.08B2.83B
Gross Profit4.07B4.21B3.39B-1.25B-2.23B-780.05M
EBITDA2.07B2.27B1.57B1.08B2.13B1.07B
Net Income908.18M1.50B574.76M248.45M1.24B570.20M
Balance Sheet
Total Assets12.07B16.82B9.46B8.04B7.43B4.39B
Cash, Cash Equivalents and Short-Term Investments250.52M248.21M206.09M118.75M212.68M82.37M
Total Debt3.12B8.56B3.18B2.90B3.23B1.64B
Total Liabilities7.49B11.33B5.42B4.53B4.14B2.34B
Stockholders Equity4.58B5.50B4.04B3.51B3.28B2.05B
Cash Flow
Free Cash Flow0.00-5.58B-118.12M437.99M-1.40B-851.74M
Operating Cash Flow0.00-1.60B962.07M1.49B-700.40M-719.30M
Investing Cash Flow0.00-3.73B-919.77M-936.48M-653.14M-130.62M
Financing Cash Flow0.005.33B-42.25M-613.63M1.41B848.20M

Madhya Bharat Agro Products Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price437.10
Price Trends
50DMA
472.97
Positive
100DMA
440.58
Positive
200DMA
431.53
Positive
Market Momentum
MACD
21.30
Negative
RSI
53.88
Neutral
STOCH
62.32
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 below the 20-day moving average (MA) of 495.96, below the 50-day MA of 472.97, and above the 200-day MA of 431.53, indicating a bullish trend. The MACD of 21.30 indicates Negative momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 62.32 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

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
₹454.28B39.450.49%-12.56%-14.61%
64
Neutral
₹48.40B33.240.17%0.87%-4.76%
64
Neutral
₹51.91B-69.070.92%8.79%46.91%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
61
Neutral
₹47.98B16.880.12%76.27%161.31%
59
Neutral
₹20.45B49.770.71%8.29%5.97%
56
Neutral
₹19.35B21.940.43%33.50%77.45%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IN:MBAPL
Madhya Bharat Agro Products Ltd.
547.60
252.04
85.28%
IN:DHANUKA
Dhanuka Agritech Limited
1,061.80
-311.95
-22.71%
IN:INSECTICID
Insecticides (India) Limited
702.90
5.67
0.81%
IN:IPL
India Pesticides Ltd.
168.00
18.39
12.29%
IN:PIIND
PI Industries Limited
2,994.25
-629.53
-17.37%
IN:RALLIS
Rallis India Limited
266.95
9.17
3.56%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Apr 21, 2026