Agro Phos India Limited (AGROPHOS) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Agro Phos India Limited stock ₹36.68, price ₹22.91, upside +60.1%, quality 52 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹14.12 – ₹70.85 · fair‑value band ₹20.83 – ₹45.86 · the ₹22.91 price screens below the ₹36.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.
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Agro Phos (India) Limited engages in the manufacture and sale of fertilizers in India. The company offers single super phosphate, nitrogen phosphate and potassium, zinc and calcium sulphate, phosphate rich organic manure, potash derived from molasses, and organic manure fertilizers.
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It is also involved in the trading of diammoium phosphate, urea, ammonium sulphate, and other fertilizers. The company sells its products under the Ratna and Krishi Samridhi brand names. Agro Phos (India) Limited was incorporated in 2002 and is headquartered in Indore, India.
Stock analysis
Agro Phos India Limited (AGROPHOS) currently trades at ₹22.91, while our model-based Fair Value estimate is ₹36.68, implying the stock looks roughly 38% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹63.64 per share, and 22 of the 25 models we run sit above the ₹22.91 price.
Bear case: the Dividend Discount group reads lowest at ₹13.64, and 3 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹20.83 (bear) to ₹45.86 (bull), the price of ₹22.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Agro Phos India Limited reported revenue of ₹1.5B in FY2026 versus ₹610M in FY2022, a compound +24.8%/yr. Reported net income was ₹70.6M in FY2026, compounding +4.9%/yr from FY2022.
Key figures
Market cap ₹464M (≈ $4.9M) Micro · P/E ratio 5.5 · P/S ratio 0.31 · EPS (TTM) ₹4.14 · Dividend yield 4.5% · Net margin 4.8% · Return on equity 10.4% · Return on assets (EBIT) 10.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 4% fair-value upside, at 60%, AGROPHOS screens cheaper than that median.
Fair Value models
Bear₹20.83Fair Value ₹36.68Bull₹45.86
Price ₹22.91 · Upside +60.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹2.55 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF₹19.76₹33.06₹53.9178
Growth DCF₹19.42₹31.01₹48.0077
Residual Income₹28.89₹31.40₹36.7576
All 25 models by family
DCF Models
FCF DCF₹19.76₹33.06₹53.9178
Owner Earnings₹37.25₹62.88₹103.0575
5Y Revenue Exit₹47.71₹92.33₹154.7670
5Y EBITDA Exit₹42.71₹81.90₹132.1473
5Y P/E Exit₹33.61₹62.95₹97.0769
10Y Revenue Exit₹34.75₹71.39₹130.5763
10Y EBITDA Exit₹33.57₹64.32₹112.9765
10Y P/E Exit₹27.99₹51.46₹85.6962
Earnings-Based
Graham-Dodd₹23.68₹114.34₹157.4664
Lynch FV₹35.39₹50.56₹65.7361
PEG = 1.0₹35.39₹50.56₹65.7357
EPV₹43.48₹49.37₹54.3074
Dividend Discount
Gordon GGM₹7.86₹14.29₹19.8168
DDM Multi-Stage₹7.86₹12.99₹15.2567
Multiples
P/E Multiple₹44.40₹59.20₹74.0063
P/S Multiple₹44.40₹59.20₹74.0058
P/B Multiple₹25.76₹34.35₹42.9355
EV/EBIT₹60.26₹84.89₹109.5265
EV/EBITDA₹46.39₹66.39₹86.4067
EV/Revenue₹50.40₹77.85₹105.3053
Asset-Based
NCAV (Graham)₹14.03₹21.26₹26.5854
Growth DCF
Growth DCF₹19.42₹31.01₹48.0077
Economic Profit
Residual Income₹28.89₹31.40₹36.7576
ROIC Compounder₹46.73₹59.96₹76.9672
Growth Earnings
Growth-Adj P/E₹42.74₹61.06₹79.3867
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+23.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.8%
Start year 2021 (pandemic). Over 10 years: +6.5% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.0%
Dividend (yield on the price)4.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.12.5% vs 7.6%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 10%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+51.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +45.0% a year for the price.
Compare Agro Phos India Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Agricultural Inputs · 175 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+60.1% · Top 25%
Profitability
Return on equity (12 months)10.4% · Above median
Return on assets4.6% · Above median
Net margin (12 months)4.8% · Below median
Operating margin (12 months)6.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−22.6% · Bottom 25%
Dividend yield (12 months)4.5% · Top 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Agro Phos India Limited Fair Value". https://www.fairvalue-calculator.com/stock/AGROPHOS
Frequently asked questions
Is Agro Phos India Limited (AGROPHOS) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹36.68 versus a price of ₹22.91, about +60% upside (undervalued).
What is the fair value of AGROPHOS?
Our model-based fair value for Agro Phos India Limited is ₹36.68 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹22.91.
What is the quality score of AGROPHOS?
Agro Phos India Limited has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Agro Phos India Limited (AGROPHOS)?
Our model-based price target is the fair value of ₹36.68 (as of Nov 10, 2026) from 25 valuation models. Cautious scenario ₹20.83, optimistic scenario ₹45.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Agro Phos India Limited stock forecast for 2026?
Our models put fair value at ₹36.68, about +60% upside versus a price of ₹22.91 (undervalued). Cautious scenario ₹20.83, optimistic scenario ₹45.86. The calculation is refreshed regularly with new filings.
What is the revenue of Agro Phos India Limited (AGROPHOS)?
Agro Phos India Limited reported trailing-twelve-month revenue of about ₹1.5B (latest available figure, as of Nov 10, 2026).
Does Agro Phos India Limited pay a dividend?
Agro Phos India Limited currently shows a dividend yield of 4.52% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of Agro Phos India Limited (AGROPHOS)?
Agro Phos India Limited has a dividend yield of 4.5%.
What growth is priced into Agro Phos India Limited (AGROPHOS)?
For today's price to be fair in a discounted-cash-flow model, Agro Phos India Limited would have to grow free cash flow by +51.0 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.8 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of AGROPHOS use?
Our models discount Agro Phos India Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.14, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Agro Phos India Limited that is +51.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Agro Phos India Limited (AGROPHOS) delivered so far?
Over the past 5 years revenue at Agro Phos India Limited grew +19.8 % a year. The price currently implies free-cash-flow growth of +51.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Agro Phos India Limited (AGROPHOS) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Agro Phos India Limited (+51.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Agro Phos India Limited (AGROPHOS)?
The free-cash-flow yield on the price is 1.20 %: that much free cash flow Agro Phos India Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Agro Phos India Limited (AGROPHOS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Agro Phos India Limited it is ₹36.68 per share (as of Nov 10, 2026), against a price of ₹22.91. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Agro Phos India Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, AGROPHOS trades below its calculated fair value: price ₹22.91, fair value ₹36.68, a gap of about +60% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AGROPHOS?
No. The price is what the market pays today (₹22.91); the fair value is what the company's own numbers justify (₹36.68). For Agro Phos India Limited the two are ₹13.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is Agro Phos India Limited worth?
The market values Agro Phos India Limited at about ₹464M (market capitalisation, as of Nov 10, 2026). Per share that is ₹22.91; our models calculate a fair value of ₹36.68 per share.
What do the bullish and bearish scenarios say about AGROPHOS?
Our models span a range for Agro Phos India Limited: cautious scenario ₹20.83, base ₹36.68, optimistic ₹45.86 per share (as of Nov 10, 2026, price ₹22.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AGROPHOS?
Agro Phos India Limited trades at a price-to-earnings ratio of 5.5 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹36.68 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 11.5. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 2.6.
How solid is the balance sheet of Agro Phos India Limited (AGROPHOS)?
Balance-sheet figures for Agro Phos India Limited (as of Nov 10, 2026): return on equity 10.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is AGROPHOS from its 52-week high?
Agro Phos India Limited trades at ₹22.91, about 47% below its 52-week high of ₹43.19 and 7% above the low of ₹21.33 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹36.68 is for.
Which stocks are comparable to Agro Phos India Limited?
From the same area (Basic Materials) we also value Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, Yara International ASA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Agro Phos India Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹22.91, calculated fair value ₹36.68 (+60%), Quality Score 52/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AGROPHOS calculated?
We run Agro Phos India Limited through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹36.68 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Agro Phos India Limited currently trades 38% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Agro Phos India Limited (AGROPHOS)?
The closing price on Nov 9, 2026 was ₹22.91. Our model-based fair value is ₹36.68, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Agro Phos India Limited right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹20.83 to ₹45.86) leaves room in how you read the outcome.
Where does the earnings growth of Agro Phos India Limited (AGROPHOS) come from?
Earnings per share at Agro Phos India Limited grew −0.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.9 %, EBIT margin +3.6 %, tax rate −4.3 %, residual (interest, one-offs) −3.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Agro Phos India Limited
How large is the market capitalisation of Agro Phos India Limited (AGROPHOS)?
The market capitalisation of Agro Phos India Limited is ₹464M (≈ $4.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Agro Phos India Limited (AGROPHOS)?
The price-to-sales ratio of Agro Phos India Limited is 0.31 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Agro Phos India Limited (AGROPHOS)?
Earnings per share at Agro Phos India Limited are ₹4.14 (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Agro Phos India Limited (AGROPHOS)?
The dividend yield of Agro Phos India Limited is 4.5% (payout 25.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Agro Phos India Limited (AGROPHOS)?
The net margin of Agro Phos India Limited is 4.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Agro Phos India Limited (AGROPHOS)?
The return on equity (ROE) of Agro Phos India Limited is 10.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Agro Phos India Limited (AGROPHOS)?
On an EBIT basis the return on assets of Agro Phos India Limited is 10.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Agro Phos India Limited (AGROPHOS)?
The operating margin of Agro Phos India Limited is 6.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Agro Phos India Limited (AGROPHOS)?
Revenue at Agro Phos India Limited is growing −22.6% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Agro Phos India Limited (AGROPHOS)?
Earnings per share at Agro Phos India Limited are growing −63.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Agro Phos India Limited (AGROPHOS) carry?
The net debt of Agro Phos India Limited is ₹277M (fiscal year 2026, ≈ 49.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 10, 2026