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National FertilizersNSE:NFL +0.51%71 Debt-to-EBITDA is 2.70 as of Mar. 2026, which is 47% below its 10-year median of 5.12. GuruFocus rates NSE:NFL with a GF Score™ of 71/100 and a GF Value™ of ₹307.03 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 203 Agriculture companies, National Fertilizers ranks worse than 79.31% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for National Fertilizers's Debt-to-EBITDA or its related term are showing as below:
NSE:NFL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.03 Med: 5.12 Max: 15.81
Current: 4.27
During the past 13 years, the highest Debt-to-EBITDA Ratio of National Fertilizers was 15.81. The lowest was 2.03. And the median was 5.12.
NSE:NFL's Debt-to-EBITDA is ranked worse than 79.31% of 203
companies
in the Agriculture industry
Industry Median: 2.06
vs NSE:NFL: 4.27
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
National Fertilizers Debt-to-EBITDA Related Terms
National Fertilizers Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for National Fertilizers's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:NFL vs CTVA, CF, MOS: Debt-to-EBITDA Comparison
For the Agricultural Inputs subindustry, National Fertilizers's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Fertilizers Debt-to-EBITDA vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, National Fertilizers's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where National Fertilizers's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
National Fertilizers (NSE:NFL) has a Debt-to-EBITDA of 2.70 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on National Fertilizers. This is 47% below median its historical median of 5.12. Over the past decade, National Fertilizers' Debt-to-EBITDA has ranged from 2.03 to 15.81. According to the industry distribution chart, National Fertilizers ranks #161 out of 203 companies in the Agriculture industry, placing it in the top 79.3%.
Is National Fertilizers' Debt-to-EBITDA too high?
National Fertilizers' current Debt-to-EBITDA of 2.70 is 47% below median its 10-year median of 5.12. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 15.81. The Agriculture industry median Debt-to-EBITDA is 2.06. National Fertilizers' value of 2.70 is 31.1% above this industry median. Based on the distribution chart, National Fertilizers ranks #161 out of 203 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, National Fertilizers has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Fertilizers' Debt-to-EBITDA compare to CTVA and CF?
According to the Agriculture industry distribution chart, National Fertilizers ranks #161 out of 203 companies for Debt-to-EBITDA. This places National Fertilizers in the lower half of its industry. The industry median Debt-to-EBITDA is 2.06. National Fertilizers' value of 2.70 is 31.1% above this benchmark. Historically, National Fertilizers' own Debt-to-EBITDA has ranged from 2.03 to 15.81 over the past decade. While the company's 10-year median is 5.12 vs. the industry median of 2.06, National Fertilizers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Agriculture company?
The median Debt-to-EBITDA among Agriculture companies is 2.06, based on 203 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fertilizers's current Debt-to-EBITDA of 2.70 is 31.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on National Fertilizers. For the Agriculture industry, the median Debt-to-EBITDA is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fertilizers's current Debt-to-EBITDA is 2.70, which is 47% below median its own 10-year median of 5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Fertilizers stock overvalued right now?
Based on GuruFocus' analysis, National Fertilizers (NSE:NFL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹307.03, compared to a current price of ₹71.47 — trading 76.7% below its estimated fair value. The current Debt-to-EBITDA is 2.70, which is 47% below median its 10-year median of 5.12 and 31.1% above the Agriculture industry median of 2.06. National Fertilizers' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For National Fertilizers (NSE:NFL), the current Debt-to-EBITDA is 2.70 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Fertilizers (NSE:NFL) Overvalued in 2026?
Based on GuruFocus' analysis, National Fertilizers stock appears to be undervalued.
The current stock price of ₹71.47 is trading 76.7% below its estimated GF Value™ of ₹307.03.
GuruFocus considers National Fertilizers to be Possible Value Trap.
Key valuation signals for NSE:NFL:
Debt-to-EBITDA: 2.70 (47% below median its 10-year median of 5.12)
GF Value™: ₹307.03 vs. price of ₹71.47 (76.7% below fair value)
Industry Position: 31.1% above the Agriculture median (#161 of 203)
No single metric tells the full story. See the NSE:NFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Fertilizers Ltd is engaged in the business of manufacturing agro chemicals. Its product portfolio includes Neem Coated Urea, four strains of Bio-Fertilizers (solid & liquid), Bentonite Sulphur, and other allied Industrial products like Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite and Sodium Nitrate. The brand name of the company is known in the market as KISAN. The company also provides agriculture extension services to educate farmers on fertilizers and the know-how on scientific methods of cultivation. Its operating segments include Manufactured Fertilizers which derive key revenue, Manufactured Chemicals, Traded Imported Fertilizers, and Others. Geographically, the company caters only to the Indian market.
71GF Score
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