What Paradeep Phosphates does

Paradeep Phosphates Limited (PPL) is India's second-largest private sector manufacturer of phosphatic fertilizers, incorporated in 1981 and headquartered in Bhubaneswar, Odisha, with corporate and HR functions based in Bengaluru. The company manufactures and distributes a portfolio of complex NPK fertilizers — including DAP 18-46-0, NPK 19:19:19, NPK 20:20:0:13 (with 13% sulphur), NPK 10:26:26, and NPK 12:32:16 — alongside urea and industrial chemicals (gypsum, HFSA, sulphuric acid and ammonia), marketed predominantly under the Jai Kisaan Navratna brand. Following the October 2025 merger with Mangalore Chemicals & Fertilizers Limited (MCFL), PPL operates four manufacturing units at Paradeep (Odisha, 1.8M MT phosphate capacity), Zuarinagar (Goa, 1.2M MT), Mangalore (Karnataka, 0.7M MT) and Mahad (Maharashtra, 0.2M MT SSP), giving it a total production capacity of 3.9 million metric tonnes per annum (3.2M MT phosphates plus 0.8M MT urea). FY26 revenue from operations reached Rs 21,826.34 crore, growing 28.70% YoY, with PAT of Rs 996.35 crore (+50.48% YoY) on sales volumes of 42.10 lakh metric tonnes.

The company's underlying technology centers on phosphatic fertilizer manufacturing with backward integration into key intermediates. PPL commissioned new sulphuric acid plants at Paradeep and Mangalore in FY26, raising captive sulphuric acid capacity by 45% to 0.6 million metric tonnes per annum, and has a phosphoric acid expansion on track for FY27 commissioning. Manufacturing sites are deliberately located at port-proximate locations to optimize raw material logistics, and raw material security is further reinforced by its strategic promoter relationship with OCP Group of Morocco — a 94.12% Moroccan-government-owned company with exclusive access to approximately 70% of the world's known phosphate reserves. PPL holds S&P Global Sustainability Yearbook 2026 membership with a score of 76/100, placing it in the top 2 percentile globally in the chemical sector and making it the only Indian fertilizer company included.

PPL's business model operates under India's Nutrient Based Subsidy (NBS) scheme, in which the central government pays manufacturers a per-nutrient subsidy to make fertilizers affordable for farmers — the government approved Rs 41,533.81 crore in subsidy for Kharif 2026 alone. The go-to-market motion is sales-led, executed through a pan-Indian distribution network covering 18 states via 25 regional marketing offices, 6,800+ channel partners and 1 lakh+ retailers that collectively reach over 12 million smallholder farmers. Marketing is brand-led around Jai Kisaan Navratna, anchored by a Rahul Dravid ambassador campaign launched in November 2025, and supplemented by farmer-connect programs promoting balanced fertilization. The company is publicly listed on BSE and NSE under the ticker PARADEEP and is promoted by Zuari Agro Chemicals (the Adventz Group, chaired by Saroj Kumar Poddar) and OCP Group.

Name

Paradeep Phosphates

Legal name

Paradeep Phosphates Limited

Website

https://paradeepphosphates.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Paradeep Phosphates is India's second-largest private sector phosphatic fertilizer manufacturer, producing DAP, NPK grades, urea and industrial chemicals under the Jai Kisaan Navratna brand. It serves over 12 million farmers across 18 states through 6,800+ dealers and 1 lakh+ retailers.

Ownership category

akta.pro rank

Product category

Phosphatic Fertilizers

NAICS

Phosphatic Fertilizer Manufacturing (325312), Fertilizer and Compost Manufacturing (32531), Lime and Gypsum Product Manufacturing (3274)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Phosphate Fertilizers (MAP/DAP/TSP) (IMAEAEAB)

akta.pro secondary industries

NPK & Compound/Blended Fertilizers (IMAEAEAD), Fertilizer Raw Materials & Intermediates (Phosphate Rock, Sulfuric/Phosphoric Acid, Potash Ore/Brines) (AFABABAH), Mineral Soil Amendments (Lime, Gypsum, Rock Phosphate, Sulfur, Trace Minerals) (AFABAKAF)

Keywords

• Phosphatic fertilizers
• Complex fertilizers
• NPK fertilizers
• Fertilizer manufacturing
• Crop nutrients

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Fertilizer Sales: Revenue from operations increased 28.70% YoY to Rs 21,826.34 crore in FY26, driven by 10% growth in sales volumes to 42.10 lakh metric tonnes and higher value-added NPK grades sales
2. Imported Products: Imports of MOP (Muriate of Potash), TSP (Triple Superphosphate) and DAP to serve customer base
3. Industrial Products: Gypsum, HFSA (Hydrogen Fluorosulphonic Acid), sulphuric acid, and ammonia

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Paradeep Phosphates manufactures and distributes a portfolio of phosphatic and complex NPK fertilizers — including Di-Ammonium Phosphate (DAP 18-46-0) and NPK grades 19:19:19, 20:20:0:13, 10:26:26, and 12:32:16 — along with urea and industrial chemicals such as sulphuric acid, gypsum, HFSA, and ammonia. All fertilizer products are marketed to Indian farmers under the Jai Kisaan Navratna brand through an extensive pan-Indian distribution network.

Product overview

Paradeep Phosphates Limited operates as a leading phosphatic fertiliser manufacturer and distributor in India, offering a unified portfolio of complex NPK fertilisers (including DAP, NPK grades 19:19:19, 20:20:0:13, 10:26:26, and 12:32:16), urea, and industrial chemicals (gypsum, HFSA, sulphuric acid, ammonia). All fertiliser products are marketed under the Jai Kisaan Navratna brand. Following the October 2025 merger with Mangalore Chemicals & Fertilizers, the company now operates four manufacturing units in Paradeep (Odisha), Zuarinagar (Goa), Mangalore (Karnataka), and an SSP plant at Mahad (Maharashtra), with total production capacity of 3.9 million metric tonnes (3.2 million MT phosphates and 0.8 million MT urea).

Differentiator

Problem solved

Functional benefit

Brands

• Jai Kisaan: Primary brand for fertilizer products marketed to Indian farmers
• Navratna
• Bharat NPK

Products and services

• Di-Ammonium Phosphate (DAP) 18-46-0 Complex fertiliser providing nitrogen and phosphorus nutrients for optimum crop growth; marketed under Jai Kisaan Navratna brand.
• Bharat NPK 19:19:19 Balanced NPK fertiliser providing equal proportions of nitrogen, phosphorus, and potassium for balanced crop nutrition.
• Bharat NPK 20:20:0:13 NPK fertiliser with 13% sulphur content, designed for crops requiring sulphur supplementation.
• Bharat NPK 10:26:26 High phosphorus NPK fertiliser with equal phosphorus and potassium content, suitable for flowering and fruiting crops.
• Bharat NPK 12:32:16 NPK fertiliser with higher phosphorus content for root development and early crop growth stages.
• Urea Nitrogen fertiliser sourced and distributed to serve PPL's customer base of over 12 million farmers; imported for use in NPK fertiliser production.
• Sulphuric Acid Industrial chemical produced at PPL's own manufacturing plants, with capacity of 0.6 million metric tonnes per annum after 45% expansion at Paradeep and Mangalore locations in FY26.
• Gypsum Industrial product supplied alongside fertilisers as a byproduct of phosphoric acid production.
• Hydrofluosilicic Acid (HFSA) Industrial chemical product distributed by the company as part of its industrial chemicals portfolio.
• Ammonia Industrial product supplied alongside fertilisers as part of PPL's industrial chemicals offering.

Quantifiable outcome

• Sales volumes grew 10% to 42.10 lakh metric tonnes in FY26
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Mangalore Chemicals & Fertilizers Limited (MCFL)coreStrategic or Co-development Partner · 16 October 2025Paradeep Phosphates completed merger with MCFL effective October 16, 2025, increasing fertiliser production capacity by 23% to 3.7 million tonnes annually. This strategic consolidation strengthened market presence across India, particularly in southern states.
• OCP GroupcoreStrategic or Co-development PartnerOCP Group is a Moroccan phosphate company and strategic promoter of Paradeep Phosphates. Founded in 1920 with revenues over USD 9 billion in 2023, OCP is the world leader in plant nutrition solutions. 94.12% government-owned, OCP has exclusive access to 70% of world's known phosphate reserves.
• Zuari Agro Chemicals LtdcoreStrategic or Co-development PartnerZuari Agro Chemicals is a promoter company and holding company of Paradeep Phosphates within the Adventz Group. Founded in 1967 by Late Dr. K.K. Birla, it is the flagship company of the Adventz Group led by Chairman Saroj Kumar Poddar.
• SECI (Solar Energy Corporation of India)minorStrategic or Co-development PartnerSECI has signed green ammonia sale agreements with fertiliser companies including Paradeep Phosphates for a total capacity of 7.24 lakh tonnes per year over ten years under the National Green Hydrogen Mission, priced at Rs 49.75/kg to Rs 64.74/kg.
• Harsha TrustminorOthersCSR partner organization working with PPL in Paradeep region, having touched lives of over 10,000 households.
• Society for ChildrenminorOthersCSR partner organization collaborating with PPL in community development initiatives.
• Sambhav FoundationminorOthersCSR partner organization working with PPL in community development, including over 3,000 households in Goa.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Zuari Agro Chemicals: Promoter and parent company of Paradeep Phosphates within the Adventz Group. Manufactures and markets DAP, NPK and urea under the 'Jai Kisaan' brand family, with substantial operational overlap including shared manufacturing, marketing, and raw material procurement.
• Coromandel International: India's largest private-sector phosphatic fertilizer manufacturer and PPL's closest direct competitor across DAP, NPK grades and SSP. Both serve Indian farmers through similar dealer-led distribution and benefit from the same NBS subsidy regime, making financial and operational performance directly comparable.
• Gujarat State Fertilizers & Chemicals (GSFC): PSU fertilizer manufacturer producing DAP, NPK, ammonium sulphate and industrial chemicals. Comparable to PPL in phosphatic fertilizer manufacturing scale and product mix, though it benefits from state linkages and operates a broader industrial chemicals portfolio.
• Chambal Fertilizers and Chemicals: Major Indian producer of urea and complex NPK fertilizers with a pan-India dealer network. Overlaps directly with PPL in NPK grades and competes for the same farmer and dealer base, particularly in northern and western India.
• Deepak Fertilizers and Petrochemicals: Indian manufacturer of NPK fertilizers, ammonia, and industrial chemicals. Overlaps with PPL in NPK production, ammonia and industrial chemical by-products, and shares exposure to commodity-driven margin dynamics.

Broad incumbents

• Indian Farmers Fertiliser Cooperative (IFFCO): Largest fertilizer cooperative in India, producing DAP, NPK, urea and bio-fertilizers with a massive farmer-member distribution network. Directly comparable to PPL in phosphatic product mix and farmer outreach but operates at significantly larger scale under a cooperative structure.
• Mosaic Company: One of the world's largest producers of phosphate and potash crop nutrients, with vertical integration from mining to finished fertilizers. Provides a global benchmark for PPL's phosphatic fertilizer economics, capital intensity and downstream margins.
• Nutrien: World's largest provider of crop inputs and services, with integrated potash, nitrogen and phosphate production plus a global retail network. Useful as a global-scale comparable for PPL's ambitions in distribution depth and backward integration in phosphate/nitrogen.
• Rashtriya Chemicals & Fertilizers (RCF): Government of India undertaking producing urea and complex fertilizers including DAP and NPK. Comparable to PPL in core phosphatic/fertilizer activities but operates as a much larger, state-owned incumbent with broader scale and a wider product portfolio.
• Tata Chemicals: Diversified Indian chemicals company with a fertilizer and agri-solutions business (including custom-made fertilizers and specialty nutrients) overlapping with PPL's product strategy. Larger and more diversified parent provides comparison on capital allocation and ESG positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/JaiKisaan
• Facebookfacebook.com/jaikisaan.samvaad
• LinkedInlinkedin.com/company/ppltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paradeep Phosphates