Madhya Bharat Agro Products Limited (MBAPL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Madhya Bharat Agro Products Limited ₹41.61, price ₹166, upside -74.9%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹5.07 – ₹10,637 · fair‑value band ₹28.19 – ₹56.75 · the ₹165.83 price screens above the ₹41.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Madhya Bharat Agro Products Limited manufactures and sells phosphatic fertilizers and industrial chemicals in India.
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Madhya Bharat Agro Products Limited manufactures and sells phosphatic fertilizers and industrial chemicals in India. The company offers single super phosphate (SSP); nitrogen, phosphate, and potassium (NPK) and di-ammonium phosphate (DAP) complex fertilizers; beneficiated rock phosphate; secondary nutrients, including casma products; supplements and organic products; sulphuric and phosphoric acid; granulated, boronated, zincated boronated magnesium, ZIBO, zincated, and urea SSP; muriate of potash and zincated APS; and sulphur bentonite, potash, and PROM products. It sells its products under the Bharat and Annadata brands. 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.
Stock analysis
Madhya Bharat Agro Products Limited (MBAPL) currently trades at ₹165.83, while our model-based Fair Value estimate is ₹41.61, 74.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹147.60 per share, and 0 of the 16 models we run sit above the ₹165.83 price.
Bear case: the Asset-Based group reads lowest at ₹8.41, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹28.19 (bear) to ₹56.75 (bull), the price of ₹165.83 sits above 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 42/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Madhya Bharat Agro Products Limited reported revenue of ₹18.7B in FY2026 versus ₹2.8B in FY2022, a compound +60.2%/yr. Reported net income was ₹1.5B in FY2026, compounding +27.4%/yr from FY2022.
Key figures
Market cap ₹72.7B (≈ $755M) · P/E ratio 48.3 · P/S ratio 3.89 · EPS (TTM) ₹3.43 · Dividend yield 0.3% · Net margin 8.0% · Return on equity 31.5% · Return on assets (EBIT) −14.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 114% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 17% fair-value upside, at −75%, MBAPL screens richer than that median.
Fair Value models
Bear ₹28.19Fair Value ₹41.61Bull ₹56.75
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.49 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.Evidence ⓘEvidence = 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.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+76.3%
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.
+54.3%
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.
+70.1%
Start year 2021 (pandemic). Over 10 years: +40.0% a year
Revenue growth 18 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.
+32.7%
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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.
≈ +50.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.6%
Dividend (yield on the price)0.3%
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.49.3% vs 29.0%, 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.−17% → 10%
Start year 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 162% above its own trend.
Compare Madhya Bharat Agro Products 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 · 170 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−74.9% · Bottom 25%
Profitability
Return on equity (TTM)31.5% · Top 25%
Return on assets9.6% · Top 25%
Net margin (TTM)8.0% · Above median
Operating margin (TTM)9.2% · Above median
Growth and dividend
Revenue growth35.2% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.74× · Highest 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
P/E (TTM)48.3× · Priciest 25%
P/B9.75× · Priciest 25%
P/S (TTM)2.86× · Priciest 25%
EV/EBITDA24.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)8· sector 20
PAST (return on equity)100· sector 26
HEALTH (low debt)63· sector 97
DIVIDEND (yield)6· sector 41
VALUE 0: the price sits above our fair-value range.
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.
Is Madhya Bharat Agro Products Limited (MBAPL) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹41.61 versus a price of ₹165.83, about −75% upside (overvalued).
What is the fair value of MBAPL?
Our model-based fair value for Madhya Bharat Agro Products Limited is ₹41.61 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹165.83.
What is the quality score of MBAPL?
Madhya Bharat Agro Products Limited has a Quality Score of 42/100. 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 Madhya Bharat Agro Products Limited (MBAPL)?
Our model-based price target is the fair value of ₹41.61 (as of Oct 2, 2026) from 16 valuation models. Cautious scenario ₹28.19, optimistic scenario ₹56.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Madhya Bharat Agro Products Limited stock forecast for 2026?
Our models put fair value at ₹41.61, about −75% upside versus a price of ₹165.83 (overvalued). Cautious scenario ₹28.19, optimistic scenario ₹56.75. The calculation is refreshed regularly with new filings.
What is the revenue of Madhya Bharat Agro Products Limited (MBAPL)?
Madhya Bharat Agro Products Limited reported trailing-twelve-month revenue of about ₹18.8B (latest available figure, as of Oct 2, 2026).
Does Madhya Bharat Agro Products Limited pay a dividend?
Madhya Bharat Agro Products Limited currently shows a dividend yield of about 0.30% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Madhya Bharat Agro Products Limited (MBAPL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Madhya Bharat Agro Products Limited it is ₹41.61 per share (as of Oct 2, 2026), against a price of ₹165.83. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Madhya Bharat Agro Products Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MBAPL trades above its calculated fair value: price ₹165.83, fair value ₹41.61, a gap of about −75% (overvalued). 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 MBAPL?
No. The price is what the market pays today (₹165.83); the fair value is what the company's own numbers justify (₹41.61). For Madhya Bharat Agro Products Limited the two are ₹124.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Madhya Bharat Agro Products Limited worth?
The market values Madhya Bharat Agro Products Limited at about ₹72.7B (market capitalisation, as of Oct 2, 2026). Per share that is ₹165.83; our models calculate a fair value of ₹41.61 per share.
What do the bullish and bearish scenarios say about MBAPL?
Our models span a range for Madhya Bharat Agro Products Limited: cautious scenario ₹28.19, base ₹41.61, optimistic ₹56.75 per share (as of Oct 2, 2026, price ₹165.83). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MBAPL?
Madhya Bharat Agro Products Limited trades at a price-to-earnings ratio of 48.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹41.61 is built from several models across several years. Other multiples: P/B 9.8, P/S 2.9, EV/EBITDA 24.1.
How solid is the balance sheet of Madhya Bharat Agro Products Limited (MBAPL)?
Balance-sheet figures for Madhya Bharat Agro Products Limited (as of Oct 2, 2026): return on equity 31.5%, debt of 0.74 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is MBAPL from its 52-week high?
Madhya Bharat Agro Products Limited trades at ₹165.83, about 3% below its 52-week high of ₹170.63 and 114% above the low of ₹77.59 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹41.61 is for.
Which stocks are comparable to Madhya Bharat Agro Products Limited?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, 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 Madhya Bharat Agro Products Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹165.83, calculated fair value ₹41.61 (−75%), Quality Score 42/100, from 16 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 MBAPL calculated?
We run Madhya Bharat Agro Products Limited through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹41.61, 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 14.5 % above its aggregate fair value. Madhya Bharat Agro Products Limited itself currently trades above fair value. 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 Madhya Bharat Agro Products Limited (MBAPL)?
The closing price on Oct 1, 2026 was ₹165.83. Our model-based fair value is ₹41.61, about −75% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Madhya Bharat Agro Products Limited right now?
The price sits above even our optimistic bull case (₹56.75). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹28.19 to ₹56.75) leaves room in how you read the outcome.
Key figures of Madhya Bharat Agro Products Limited
How large is the market capitalisation of Madhya Bharat Agro Products Limited (MBAPL)?
The market capitalisation of Madhya Bharat Agro Products Limited is ₹72.7B (≈ $755M). 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 Madhya Bharat Agro Products Limited (MBAPL)?
The price-to-sales ratio of Madhya Bharat Agro Products Limited is 3.89 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Madhya Bharat Agro Products Limited (MBAPL)?
Earnings per share at Madhya Bharat Agro Products Limited are ₹3.43 (price ÷ EPS = P/E 48.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Madhya Bharat Agro Products Limited (MBAPL)?
The dividend yield of Madhya Bharat Agro Products Limited is 0.3% (payout 14.6%). 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 Madhya Bharat Agro Products Limited (MBAPL)?
The net margin of Madhya Bharat Agro Products Limited is 8.0% (fiscal year 2026). 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 Madhya Bharat Agro Products Limited (MBAPL)?
The return on equity (ROE) of Madhya Bharat Agro Products Limited is 31.5% (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 Madhya Bharat Agro Products Limited (MBAPL)?
On an EBIT basis the return on assets of Madhya Bharat Agro Products Limited is −14.8% (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 Madhya Bharat Agro Products Limited (MBAPL)?
The operating margin of Madhya Bharat Agro Products Limited is 14.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Madhya Bharat Agro Products Limited (MBAPL)?
Revenue at Madhya Bharat Agro Products Limited is growing +1.6% versus a year earlier (3y avg +54.3%). 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 Madhya Bharat Agro Products Limited (MBAPL)?
Earnings per share at Madhya Bharat Agro Products Limited are growing +16.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Madhya Bharat Agro Products Limited (MBAPL) generate?
The free cash flow of Madhya Bharat Agro Products Limited is −₹5.6B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Madhya Bharat Agro Products Limited (MBAPL) carry?
The net debt of Madhya Bharat Agro Products Limited is ₹8.3B (fiscal year 2026). 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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