National Fertilizers (NSE:NFL) Gross Margin %: 46.27% (As of Mar. 2026)


NSE:NFL National Fertilizers Ltd NSE:NFL
72 GF Score
Price ₹75.18
GF Value ₹300.43
Valuation Possible Value Trap
! 5 Warning Signs
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What is National Fertilizers Gross Margin %?

National Fertilizers NSE:NFL -1.98% 72 Gross Margin % is 46.27% as of Mar. 2026. GuruFocus rates NSE:NFL with a GF Score™ of 72/100 and a GF Value™ of ₹300.43 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 247 Agriculture companies, National Fertilizers ranks better than 62.35% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. National Fertilizers's Gross Profit for the three months ended in Mar. 2026 was ₹20,116 Mil. National Fertilizers's Revenue for the three months ended in Mar. 2026 was ₹43,472 Mil. Therefore, National Fertilizers's Gross Margin % for the quarter that ended in Mar. 2026 was 46.27%.


The historical rank and industry rank for National Fertilizers's Gross Margin % or its related term are showing as below:

NSE:NFL' s Gross Margin % Range Over the Past 10 Years
Min: -179.05   Med: -51.87   Max: 37.56
Current: 30.08


During the past 13 years, the highest Gross Margin % of National Fertilizers was 37.56%. The lowest was -179.05%. And the median was -51.87%.

NSE:NFL's Gross Margin % is ranked better than
62.35% of 247 companies
in the Agriculture industry
Industry Median: 24.81 vs NSE:NFL: 30.08

National Fertilizers had a gross margin of 46.27% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for National Fertilizers was 0.00% per year.


National Fertilizers  (NSE:NFL) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

National Fertilizers had a gross margin of 46.27% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


National Fertilizers Gross Margin % Related Terms


National Fertilizers Gross Margin % Historical Data

* Premium members only.

The historical data trend for National Fertilizers's Gross Margin % 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.

National Fertilizers Gross Margin % Chart

National Fertilizers Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -92.04 -179.05 -112.15 37.56 35.84

National Fertilizers Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.49 45.08 9.98 31.90 46.27

NSE:NFL vs CTVA, CF: Gross Margin % Comparison

For the Agricultural Inputs subindustry, National Fertilizers's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, National Fertilizers's Gross Margin % distribution charts can be found below:

* The bar in red indicates where National Fertilizers's Gross Margin % falls into.


NSE:NFL
72GF Score
National Fertilizers Ltd NSE:NFL
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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National Fertilizers Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

National Fertilizers's Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=77101.5 / 215141.8
=(Revenue - Cost of Goods Sold) / Revenue
=(215141.8 - 138040.3) / 215141.8
=35.84 %

National Fertilizers's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=20115.5 / 43471.9
=(Revenue - Cost of Goods Sold) / Revenue
=(43471.9 - 23356.4) / 43471.9
=46.27 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 46.27% mean?
National Fertilizers (NSE:NFL) has a Gross Margin % of 46.27% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on National Fertilizers and its competitors. According to the industry distribution chart, National Fertilizers ranks #93 out of 247 companies in the Agriculture industry, placing it in the top 37.7%.
Is National Fertilizers' Gross Margin % too high?
National Fertilizers' current Gross Margin % is 46.27%. The Agriculture industry median Gross Margin % is 24.81. National Fertilizers' value of 46.27% is 86.5% above this industry median. Based on the distribution chart, National Fertilizers ranks #93 out of 247 companies in the Agriculture industry, which is above the industry midpoint. Overall, National Fertilizers has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does National Fertilizers' Gross Margin % compare to CTVA and CF?
According to the Agriculture industry distribution chart, National Fertilizers ranks #93 out of 247 companies for Gross Margin %. This puts National Fertilizers in the upper half of its industry. The industry median Gross Margin % is 24.81. National Fertilizers' value of 46.27% is 86.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Agriculture company?
The median Gross Margin % among Agriculture companies is 24.81, based on 247 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Fertilizers's current Gross Margin % of 46.27% is 86.5% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on National Fertilizers and its competitors. For the Agriculture industry, the median Gross Margin % is 24.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Fertilizers's current Gross Margin % is 46.27%. 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 ₹300.43, compared to a current price of ₹75.18 — trading 75% below its estimated fair value. The current Gross Margin % is 46.27% and 86.5% above the Agriculture industry median of 24.81. National Fertilizers' overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For National Fertilizers (NSE:NFL), the current Gross Margin % is 46.27% 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 ₹75.18 is trading 75% below its estimated GF Value™ of ₹300.43. GuruFocus considers National Fertilizers to be Possible Value Trap.

Key valuation signals for NSE:NFL:

  • Gross Margin %: 46.27%
  • GF Value™: ₹300.43 vs. price of ₹75.18 (75% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 86.5% above the Agriculture median (#93 of 247)

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 Business Description

Other Exchanges 523630:India
Address A-11, Sector-24, Gautam Budh Nagar, Noida, UP, IND, 201301
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.
72GF Score

Get the complete analysis for NSE:NFL

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹75.18
Price
₹300.43
GF Value