Strong Price Performance and Market Outperformance
The stock’s new 52-week high of Rs.485 marks a notable advance, outperforming its sector by 0.46% on the day. Its one-day gain of 0.60% contrasts favourably with the Sensex’s decline of 0.13%, signalling resilience amid broader market fluctuations. Over the past week, Madhya Bharat Agro Products Ltd has appreciated by 4.09%, while the Sensex fell by 1.31%. The momentum extends over longer periods, with the stock rising 22.50% in the last month and 19.22% over three months, compared to the Sensex’s respective declines of 0.48% and 2.09%.
Year-to-date, the stock has gained 14.60%, outperforming the Sensex’s negative 2.40%. Over one year, the company’s shares have surged 69.23%, significantly outpacing the BSE500 index’s 13.11% return. Even on a three-year horizon, the stock’s 50.93% gain surpasses the Sensex’s 36.34%. The five-year performance is particularly striking, with a remarkable 2623.94% increase compared to the Sensex’s 60.86%.
Technical indicators support this bullish trend, as the stock currently trades above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling sustained upward momentum.
Financial Strength and Growth Metrics
Madhya Bharat Agro Products Ltd’s financials underpin its market success. The company has demonstrated healthy long-term growth, with net sales expanding at an annual rate of 60.68% and operating profit growing at 40.83%. The most recent quarterly results, declared in December 2025, were outstanding, with net sales soaring 115.84% year-on-year to a record Rs.612.39 crores.
Profit before depreciation, interest and tax (PBDIT) also reached a quarterly high of Rs.66.46 crores, reflecting operational efficiency and strong demand. The company has reported positive results for five consecutive quarters, underscoring consistent performance.
Additionally, the debtors turnover ratio for the half-year period stands at a high 4.69 times, indicating effective management of receivables and cash flow.
Patience pays off here! This Micro Cap from Fertilizers sector has delivered steady gains quarter after quarter. Now proudly part of our Reliable Performers list.
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- - Steady quarterly gains
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Valuation and Efficiency Considerations
The company’s return on capital employed (ROCE) stands at a robust 21.3%, reflecting efficient utilisation of capital to generate profits. However, the valuation is relatively expensive, with an enterprise value to capital employed ratio of 6. Despite this, the stock trades at a discount compared to its peers’ average historical valuations, suggesting some valuation cushion.
Profit growth has been particularly strong, rising 134.7% over the past year, which, combined with the stock’s 69.23% return, results in a low price/earnings to growth (PEG) ratio of 0.3. This metric indicates that earnings growth is outpacing the stock price increase, a positive sign for valuation quality.
Market Capitalisation and Mojo Ratings
Madhya Bharat Agro Products Ltd holds a Market Cap Grade of 3, reflecting its micro-cap status within the Fertilizers sector. The company’s Mojo Score has improved to 77.0, with the Mojo Grade upgraded from Hold to Buy as of 2 Feb 2026. This upgrade highlights the company’s improving fundamentals and market position.
Despite the company’s size and performance, domestic mutual funds currently hold no stake in the stock. This absence may reflect cautious positioning or valuation considerations by institutional investors capable of detailed research.
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Sector and Industry Context
Operating within the Fertilizers industry and sector, Madhya Bharat Agro Products Ltd’s performance stands out amid a competitive landscape. The company’s ability to deliver sustained growth in net sales and profits, alongside market-beating returns, distinguishes it within its peer group.
The stock’s consistent upward trajectory over multiple time frames, combined with strong financial ratios, reflects a well-executed business strategy and effective market positioning.
Summary of Key Metrics
To summarise, the company’s key performance indicators include:
- New 52-week high price: Rs.485
- Net Sales (Quarterly highest): Rs.612.39 crores
- PBDIT (Quarterly highest): Rs.66.46 crores
- Debtors Turnover Ratio (Half-year highest): 4.69 times
- Annual Net Sales growth rate: 60.68%
- Annual Operating Profit growth rate: 40.83%
- ROCE: 21.3%
- PEG Ratio: 0.3
- Mojo Score: 77.0 (Buy, upgraded from Hold on 2 Feb 2026)
These figures collectively illustrate a company that has delivered exceptional growth and value creation over recent years.
Conclusion
Madhya Bharat Agro Products Ltd’s ascent to an all-time high of Rs.485 is a testament to its strong financial performance, consistent quarterly gains, and market resilience. The company’s impressive growth rates in net sales and profits, combined with favourable valuation metrics and technical strength, have propelled it well ahead of broader market indices and sector peers. This milestone marks a significant chapter in the company’s journey within the Fertilizers sector.
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