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Madhya Bharat Agro Products Ltd.
(MBAPL)
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Rating:53Neutral
Price Target:
₹171.00
▲(15.35% Upside)
Action:Reiterated
Date:10/29/26
The score is primarily constrained by weak cash flow quality (negative operating cash flow and deeply negative free cash flow) alongside a sharp increase in leverage, despite strong 2026 revenue growth and positive reported profitability. Technicals are mildly supportive with the price above major moving averages, while valuation is mixed: a high P/E is only partly offset by a strong dividend yield.
Positive Factors
Revenue Growth
Strong 2026 revenue acceleration indicates improving demand and market activity for the company’s agro-processing offering. If sustained, higher sales can support operating scale, strengthen customer relationships, and provide a broader base for future earnings growth over the next several quarters.
Negative Factors
Weak Cash Conversion
Negative operating cash flow despite positive reported earnings indicates that profits are not currently converting into cash effectively. Deeply negative free cash flow increases dependence on external funding and can restrict the company’s ability to invest, reduce debt, or sustain shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Strong 2026 revenue acceleration indicates improving demand and market activity for the company’s agro-processing offering. If sustained, higher sales can support operating scale, strengthen customer relationships, and provide a broader base for future earnings growth over the next several quarters.
Read all positive factors
Madhya Bharat Agro Products Ltd. (MBAPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹77.49B
Dividend Yield0.06%
Average Volume (3M)811.97K
Price to Earnings (P/E)47.8
Beta (1Y)0.46
Revenue Growth47.70%
EPS Growth108.83%
CountryIN
Employees396
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)3.53
Shares Outstanding458,857,700
10 Day Avg. Volume860,410
30 Day Avg. Volume811,966
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)7.34
Price to Sales (P/S)2.16
P/FCF Ratio-7.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Madhya Bharat Agro Products Ltd. Business Overview & Revenue Model
Company Description
Operating within India, Madhya Bharat Agro Products Limited specializes in the production and sale of diverse fertilizers and chemical compounds. Its comprehensive offerings feature beneficiated rock phosphate, sulphuric acid, single super phospha...
Madhya Bharat Agro Products Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.74B | 18.67B | 10.59B | 4.93B | 5.08B | 2.83B |
| Gross Profit | 4.58B | 4.21B | 3.39B | -1.70B | -2.23B | -780.05M |
| EBITDA | 2.49B | 2.27B | 1.57B | -2.16B | -2.63B | -1.02B |
| Net Income | 1.55B | 1.50B | 574.76M | 248.45M | 1.24B | 570.20M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 16.82B | 9.46B | 8.04B | 7.43B | 4.39B |
| Cash, Cash Equivalents and Short-Term Investments | 417.00K | 248.21M | 467.00K | 118.75M | 212.68M | 82.37M |
| Total Debt | 0.00 | 8.56B | 3.18B | 2.90B | 3.23B | 1.64B |
| Total Liabilities | -5.50B | 11.33B | 5.42B | 4.53B | 4.14B | 2.34B |
| Stockholders Equity | 5.50B | 5.50B | 4.04B | 3.51B | 3.28B | 2.05B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.58B | -118.12M | 437.99M | -1.40B | -851.74M |
| Operating Cash Flow | 0.00 | -1.60B | 962.07M | 1.49B | -700.40M | -719.30M |
| Investing Cash Flow | 0.00 | -3.73B | -919.77M | -936.48M | -653.14M | -130.62M |
| Financing Cash Flow | 0.00 | 5.33B | -42.25M | -613.63M | 1.41B | 848.20M |
Madhya Bharat Agro Products Ltd. Technical Analysis
Positive
148.25
Price Trends
164.34
Positive
148.57
Positive
122.32
Positive
Market Momentum
-0.13
Positive
54.31
Neutral
36.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MBAPL, the sentiment is Positive. The current price of 148.25 is below the 20-day moving average (MA) of 165.39, below the 50-day MA of 164.34, and above the 200-day MA of 122.32, indicating a bullish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 54.31 is Neutral, neither overbought nor oversold. The STOCH value of 36.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MBAPL.
Madhya Bharat Agro Products Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹39.75B | 14.93 | ― | 0.22% | -5.63% | -11.38% | |
63 Neutral | ₹36.78B | 18.67 | ― | 1.59% | 6.82% | 11.93% | |
56 Neutral | ₹311.79B | 26.76 | ― | 0.48% | -16.57% | -27.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹15.07B | 11.82 | ― | 0.39% | 1.26% | -16.43% | |
55 Neutral | ₹13.38B | 12.47 | ― | 0.64% | 17.05% | 9.10% | |
53 Neutral | ₹77.49B | 47.84 | ― | 0.06% | 47.70% | 108.83% |
* General Sector Average
IN:MBAPL
Madhya Bharat Agro Products Ltd.
168.87
87.92
108.62%
IN:DHANUKA
Dhanuka Agritech Limited
891.75
-520.83
-36.87%
IN:INSECTICID
Insecticides (India) Limited
518.00
-193.88
-27.24%
IN:IPL
India Pesticides Ltd.
116.15
-74.12
-38.96%
IN:PIIND
PI Industries Limited
2,055.05
-1,533.35
-42.73%
IN:RALLIS
Rallis India Limited
189.15
-77.88
-29.16%
Madhya Bharat Agro Products Ltd. Corporate Events
Madhya Bharat Agro Products Closes Trading Window Ahead of September Quarter Results
Sep 24, 2026
Madhya Bharat Agro Products Ltd. has announced the closure of its trading window for all designated persons and their immediate relatives from October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations. The window will r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.