Nova Agritech Ltd.

•

novaagri.inBSE: 544100NSE: NOVAAGRI

Market Cap₹ 218 Cr.

Current Price

High / Low₹ 54 / 18

Stock P/E16.9

Book Value₹ 25

Price to Book1.80

Dividend Yield0.00 %

ROCE16.4 %

ROE13.3 %

Face Value₹ 2

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ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company has delivered good profit growth of 55.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 24.5%
Company has a healthy return on capital (ROCE) of 22.9%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 18.4% CAGR over last 5 years

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 29.1% versus prior year
Receivables are growing faster than sales - a possible quality concern
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.16x)
Equity base is being diluted - shares outstanding up 47.6%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	UPL	580.05	24.24	48966.04	1.03	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2390.00	31.12	36260.63	0.63	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	498.70	42.96	24892.40	0.26	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	3955.50	320.83	17776.84	3.79	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	772.70	11.13	6971.34	1.94	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	1006.75	15.11	4487.92	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	209.90	24.86	4081.90	1.43	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	166.60	315.48	3902.49	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	267.00	125.79	3462.16	0.06	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	626.15	29.75	2912.77	0.16	263.94	1111.46	3859.95	1153.27	18.46	11.02
11.	BHARATRAS	1185.00	13.75	1969.60	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	NOVAAGRI	23.51	16.94	217.51	0.00	3.25	0.09	60.01	28.37	16.39	10.44

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	35	68	78	71	42	83	88	81	47	92	67	56	60
	28	56	63	61	36	71	73	72	41	80	60	52	56
Operating Profit	7	12	15	10	6	12	15	10	5	12	6	4	4
OPM %	20.33%	17.95%	19.16%	14.00%	14.05%	14.35%	17.42%	11.77%	11.47%	12.97%	9.65%	6.37%	6.27%
	0	0	0	0	1	0	0	1	0	0	0	0	0
Interest	2	2	2	2	1	2	1	1	1	1	1	1	1
Depreciation	0	1	1	0	0	0	0	1	0	1	2	2	1
Profit before Tax	4	10	12	7	5	10	14	9	4	9	3	1	4
Tax %	22.17%	27.78%	21.63%	-17.78%	11.39%	34.53%	24.19%	35.26%	17.14%	28.39%	24.13%	75.28%	16.80%
Net Profit	0	0	0	0	4	7	11	6	3	7	3	0	3
	0.55	1.11	1.54	1.23	0.47	0.75	1.17	0.65	0.36	0.73	0.28	0.02	0.36

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	116	131	127	161	186	211	252	294	275
	100	118	113	142	158	172	208	251	249
Operating Profit	15	13	14	18	28	39	44	43	26
OPM %	13.15%	10.14%	10.74%	11.31%	15.01%	18.50%	17.55%	14.51%	9.36%
	0	0	0	0	0	0	0	2	0
Interest	3	4	6	8	7	9	9	5	5
Depreciation	3	2	2	2	2	2	2	2	6
Profit before Tax	10	7	5	9	18	28	33	38	18
Tax %	34.08%	34.27%	38.68%	27.35%	25.78%	27.25%	15.15%	27.99%	27.36%
Net Profit	6	5	3	6	14	20	28	27	13
EPS	0.00	3.90	0.48	1.00	2.18	3.27	3.06	2.96	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 18%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 56%
3 Years:: 26%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -54%

RETURN ON EQUITY

10 Years:: —
5 Years:: 27%
3 Years:: 25%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	13	13	13	13	13	13	19	19
	9	14	10	17	31	51	175	201
	30	33	48	51	61	68	55	53
Trade Payables	36	43	43	46	32	27	26	45
	9	15	15	17	20	17	15	11
Total Liabilities	97	118	128	144	156	176	289	329
	15	17	16	17	18	17	16	16
Capital Work in Progress	2	1	0	0	0	1	1	18
	34	39	37	35	37	42	50	64
	0	0	0	0	0	0	123	180
Cash & Bank	0	0	0	0	2	3	85	29
	45	62	75	91	100	114	15	21
Total Assets	97	118	128	144	156	176	289	329

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	4	-7	7	6	14	1	-18
Cash from Investing	-6	-3	-1	-3	-4	-2	-23	-26
Cash from Financing	3	-1	10	-2	3	-2	82	-12
	-0	0	-0	0	1	2	59	-57

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE
EPS (₹)	5.10	3.90	2.38	5.02	10.92	3.27	3.06	2.96
Book Value (₹)	17.55	21.45	18.26	23.47	34.44	10.19	20.87	23.76
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	1.42	1.15	0.85	1.35	2.54	3.64	3.27	3.16
PROFITABILITY
Operating Margin %	13.22%	10.16%	10.75%	11.49%	15.02%	18.68%	17.55%	14.51%
Net Margin %	5.53%	3.74%	2.35%	3.92%	7.38%	9.73%	11.21%	9.32%
ROE %	29.04%	19.98%	13.27%	24.08%	37.70%	38.27%	22.03%	13.28%
ROCE %	24.55%	19.97%	18.64%	21.82%	27.29%	30.51%	21.79%	16.39%
	6.60%	4.54%	2.65%	4.63%	9.13%	12.33%	12.16%	8.87%
EFFICIENCY
Debtor Days	132	138	163	178	175	172	166	189
Inventory Days	108	102	103	83	71	68	66	71
Payable Days	207	213	220	168	127	90	62	65
	33	27	46	93	119	150	170	194
FINANCIAL HEALTH
Debt to Equity (x)	1.37x	1.14x	2.01x	1.74x	1.49x	1.11x	0.32x	0.25x
Interest Coverage (x)	4.14x	3.12x	1.76x	2.14x	3.56x	4.20x	4.70x	8.25x
	1.12x	1.20x	1.25x	1.32x	1.50x	1.60x	2.85x	2.63x
GROWTH
Revenue Growth %	0.00%	13.06%	9.50%	26.83%	15.53%	13.45%	19.91%	16.50%
Operating Profit Growth %	0.00%	-13.15%	-10.95%	35.48%	51.09%	41.06%	12.78%	1.81%
Net Profit Growth %	0.00%	-23.57%	-53.40%	111.44%	117.29%	49.68%	38.16%	-3.13%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.37%	-3.13%
VALUATION
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	16.53x	14.41x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.42x	1.80x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.01x	9.31x

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	59.39	59.39	59.39	59.39	59.39	59.39	59.39	59.41	59.42
	3.14	0.05	0.14	0.04	0.01	0.01	0.01	0.19	0.00
	1.82	1.41	1.41	1.30	1.30	1.24	1.24	1.24	1.08
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	35.65	39.16	39.07	39.27	39.30	39.37	39.35	39.16	39.50

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Nova Agritech Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Shareholders meeting

2026-09-02 - Nova Agritech Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 26, 2026

2026-09-01

Copy of Newspaper Publication

2026-09-01 - Nova Agritech Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

Copy of Newspaper Publication

2026-08-17 - Nova Agritech Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Updates

2026-08-14 - Nova Agritech Limited has informed the Exchange regarding 'INTIMATION OF 19TH ANNUAL GENERAL MEETING & CALENDER OF EVENTS'.

2026-08-14

Change in Management

2026-08-14 - Nova Agritech Limited has informed the Exchange about change in Management- Re appointment of Directors

2026-08-14

Appointment

2026-08-14 - Nova Agritech Limited has informed the Exchange regarding Appointment of GOPI MALLIKHARJUNA RAO AVVARU as Company Secretary & Compliance Officer of the company w.e.f. August 14, 2026.

2026-08-14

Outcome of Board Meeting

2026-08-14 - Nova Agritech Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-15

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-15 - Nova Agritech Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

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