National Fertilizer

What National Fertilizer does

National Fertilizers Limited (NFL) is a Navratna Central Public Sector Enterprise under India's Ministry of Chemicals and Fertilizers, operating as the country's second-largest urea producer with approximately 16% domestic market share. Incorporated in 1974 and listed on NSE/BSE under ticker NFL, the company is 74.71% owned by the Government of India with the remaining 25.29% held by financial institutions and public shareholders. NFL runs five gas-based urea manufacturing plants at Nangal (Punjab), Bathinda (Punjab), Panipat (Haryana), and two units at Vijaipur (Madhya Pradesh), with a combined installed capacity of 35.68 LMT (re-rated 32.31 LMT) per annum.

NFL's core product is Neem Coated Urea, which slows nitrogen release, improves soil health, and reduces pilferage. The portfolio extends to Bentonite Sulphur (25,000 MT at Panipat), Kisan-branded DAP and MOP fertilizers traded under a single-window import model, four varieties of bio-fertilizers (PSB, Rhizobium, Azotobacter, ZSB) at 600 MT annual capacity in Vijaipur, industrial chemicals (ammonia, nitric acid, ammonium nitrate, sodium nitrate/nitrite), certified Kisan Seeds, and recently launched Hi-Tech Nano Urea. The company is also adding Water Soluble Fertilizers and a second Bentonite Sulphur unit at Vijaipur.

Revenue is generated primarily through subsidy-backed domestic urea sales to farmers, supplemented by imported non-urea fertilizer trading (DAP, MOP, seeds, agrochemicals), government-mandated urea import tenders on behalf of the Government of India, and sales of industrial by-products. FY 2025-26 standalone revenue reached Rs 21,514.18 crore with consolidated net profit of Rs 211.49 crore (+14.95% YoY). Distribution flows through a pan-India dealer network covering 15 states and 3 union territories, supplemented by cooperative channels including IFFCO and state federations such as HIMFED, with railway-rake logistics moving bulk product from plants to consumption states. Major strategic expansions include the Rs 10,600 crore AVFCCL ammonia-urea complex at Namrup (Assam), the Rs 20,000 crore India-Russia JV with Uralchem at Togliatti, and the existing RFCL plant at Ramagundam.

Name

National Fertilizer

Legal name

National Fertilizers Limited

Website

https://nationalfertilizers.com

Company type

Public

Founded year

1974

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

National Fertilizers Limited is India's second-largest urea producer (16% domestic share) and a Navratna government CPSU operating five gas-based plants with 35.68 LMT annual capacity, manufacturing neem-coated urea, bio-fertilizers, bentonite sulphur, and industrial chemicals for Indian farmers through a pan-India dealer network.

Ownership category

akta.pro rank

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Urea Manufacturing and Sales: NFL manufactures urea at five gas-based plants in Nangal, Bathinda, Panipat, and Vijaipur (two plants). Total installed annual capacity is 35.68 LMT (re-rated 32.31 LMT). The company produces neem-coated urea which is sold at government-subsidised rates to farmers.
2. Non-Urea Fertiliser Trading: NFL imports and trades non-urea fertilisers (DAP, MOP, NPK) and certified seeds under the single window concept through its pan-India dealer network.
3. Urea Import Tendering: NFL floats international import tenders for urea on behalf of the Government of India to meet domestic demand gaps. The government bears the subsidy cost while NFL manages procurement logistics.
4. Industrial Products: NFL produces and markets industrial chemicals including ammonia, nitric acid, ammonium nitrate, sodium nitrate, and sodium nitrite at its manufacturing units.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

National Fertilizers Limited (NFL) manufactures and distributes fertilizers through five gas-based urea plants with total installed capacity of 35.68 LMT. Its core product is neem-coated urea, complemented by bentonite sulphur, DAP, MOP, bio-fertilizers, industrial chemicals (ammonia, nitric acid, ammonium nitrate), certified seeds, and advanced products such as hi-tech nano urea. The company also imports non-urea fertilizers and tenders for government urea procurement, distributing products through a pan-India dealer network across 15 states and 3 union territories.

Product overview

National Fertilizers Limited (NFL) is India's second-largest urea producer operating as a Navratna CPSU under the Ministry of Chemicals & Fertilizers. The company operates five gas-based urea plants with a total installed capacity of 35.68 LMT (revised capacity 32.31 LMT) at Nangal and Bathinda in Punjab, Panipat in Haryana, and two units in Vijaipur, Madhya Pradesh. NFL's core product portfolio centers on Neem Coated Urea, complemented by Bentonite Sulphur, Kisan DAP, and Kisan MOP fertilizers distributed under the 'Kisan' brand through a nationwide dealer network. The company has expanded into bio-fertilizers (four varieties at Vijaipur), industrial chemicals (Ammonia, Nitric Acid, Ammonium Nitrate), certified seeds, and advanced products like Hi-Tech Nano Urea. Manufacturing units also produce Carbon Slurry as a byproduct. NFL imports non-urea fertilizers, certified seeds, agrochemicals, Bentonite Sulphur, and City Compost for trading under a single-window concept, while R&D activities focus on new processing technologies, value-added products, and energy conservation across all manufacturing units.

Differentiator

Problem solved

Functional benefit

Brands

• Kisan Seeds: Certified seeds sold under the 'Kisan' brand name through company's seed multiplication program
• Kisan DAP
• Kisan MOP
• Neem Coated Urea

Products and services

• Neem Coated Urea (नीम लेपित यूरिया) Primary nitrogen fertilizer coated with neem oil to control nitrogen release and prevent pilferage; NFL's flagship product accounting for the majority of production capacity. Sold at government-subsidised rates to farmers through dealer network.
• Bentonite Sulphur (बेन्टोनाइट सल्फर) Sulphur-based fertilizer in bentonite form for soil sulphur deficiency correction. Manufactured at NFL's Panipat unit with annual capacity of 25,000 MT. A new bentonite sulphur plant was approved at Vijaipur in February 2026.
• Kisan DAP (किसान डीएपी) Di-Ammonium Phosphate fertilizer marketed under the Kisan brand for phosphatic nutrient supplementation in crops. Traded through NFL's dealer network across India.
• Kisan MOP (किसान एमओपी) Muriate of Potash fertilizer sold under the Kisan brand for potassic nutrient supply to crops. Traded through NFL's dealer network.
• Bio-fertilizers (जैव उर्वरक) Four varieties of bio-fertilizers (PSB, Rhizobium, Azotobacter, and ZSB) in both solid and liquid forms produced at NFL's Vijaipur plant with 600 MT annual capacity, supporting nitrogen fixation and sustainable agriculture.
• Ammonia and Industrial Chemicals Industrial chemical products including Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrate, and Sodium Nitrite manufactured as part of NFL's diversified chemical production at manufacturing units.
• Kisan Seeds (किसान बीज) Certified seeds sold under NFL's own Kisan brand as part of their seed multiplication program, distributed through the dealer network across India.
• Hi-Tech Nano Urea Advanced nano urea formulation produced at NFL's Nangal Plant using cutting-edge technology for efficient nitrogen delivery to crops. New product initiative launched in November 2024.
• Carbon Slurry Carbon slurry produced as a byproduct of manufacturing operations with agricultural and industrial applications, available for commercial sale.
• Water Soluble Fertilizers & Micro Nutrients Water soluble fertilizers and micro nutrients production plant at Vijaipur approved in October 2024 for implementation, expanding NFL's specialty fertilizer offerings.

Quantifiable outcome

• 16% share of India's total urea production
• +4 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Assam Valley Fertilizer and Chemical Company Limited (AVFCCL)coreStrategic or Co-development Partner · 21 December 2025AVFCCL is a joint venture for the Rs 10,600 crore ammonia-urea fertiliser project at Namrup, Assam. The venture is led by Assam government (40% stake) alongside Oil India Limited, National Fertilizers Limited, Hindustan Urvarak & Rasayan Limited, and Brahmaputra Valley Fertilizer Corporation Limited. The plant will produce 12.7 lakh MT of urea annually, with commissioning targeted for 2030, to serve Assam and neighbouring northeastern states.
• Uralchem (Russia)coreStrategic or Co-development Partner · 1 December 2025India's three state-owned fertiliser companies (Indian Potash, Rashtriya Chemicals and Fertilizers, and National Fertilisers) partnered with Russia's Uralchem to build a 2 million tonne annual urea manufacturing plant at Togliatti, Samara, Russia. Total investment is approximately Rs 20,000 crore (Rs 10,000 crore from Uralchem for ammonia plant, Rs 10,000 crore from Indian SOEs for urea unit). All production will be imported to India, with construction expected to start October 2026 and completion within two years.
• Ramagundam Fertilizers and Chemicals Limited (RFCL)minorStrategic or Co-development PartnerNFL participated in forming RFCL, a joint venture for reviving the old FCIL plant at Ramagundam. Equity participation includes NFL and EIL (26% each), FCIL (11%), Telangana state government (11%), GAIL (14.3%), and HTAS Kazrotium (11.7%). The plant will have 12.71 LMT annual urea capacity. Zero date was 25 September 2015.
• IFFCO (Indian Farmers Fertiliser Cooperative)minorChannel Partner/ Reseller/ DistributorNFL distributes subsidised fertilisers through IFFCO's cooperative network across India. Products are made available through IFFCO dealers alongside NFL's own dealer network.
• HIMFED (Himachal Pradesh State Federation)minorChannel Partner/ Reseller/ DistributorNFL supplies subsidised urea to Himachal Pradesh through HIMFED's cooperative distribution network. Railway rakes from NFL Bathinda plant deliver fertiliser for distribution through the state cooperative.
• Advance AgrolifeminorChannel Partner/ Reseller/ DistributorAdvance Agrolife received a Rs 30.37 crore letter of intent from National Fertilizers for agrochemical supply, valid till September 2026. The order involves supply within NFL's marketing territory with payments due within 90 days.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Indian Farmers Fertiliser Cooperative (IFFCO): Largest fertilizer cooperative in India and the dominant urea producer. Directly comparable as a pan-India urea and complex-fertilizer manufacturer/distributor; NFL even distributes subsidised product through IFFCO's cooperative network.
• Rashtriya Chemicals and Fertilizers (RCF): Government-owned fertilizer PSU under the same Ministry of Chemicals & Fertilizers. Directly comparable as a urea and complex-fertilizer manufacturer; RCF is also a JV partner with NFL in the Russia (Togliatti) urea plant.
• Hindustan Urvarak & Rasayan Limited (HURL): Government-owned urea manufacturer formed to revive closed FCIL plants (Gorakhpur, Sindri, Barauni). Directly comparable as a domestic gas-based urea producer and JV partner with NFL in the Namrup (Assam) AVFCCL project.
• Chambal Fertilisers and Chemicals: India's largest private-sector urea producer (also traded on NSE/BSE). Directly comparable as a urea manufacturer benefiting from the same government subsidy regime; primary private-sector competitor to NFL.
• Krishak Bharati Cooperative (KRIBHCO): Large cooperative fertilizer producer with significant urea capacity (Hazira plant). Directly comparable as a domestic urea manufacturer and a fellow participant in India's cooperative distribution channels.
• Coromandel International: Murugappa-group fertilizer and agri-input major with leadership in DAP and complex fertilizers. Comparable as a pan-India fertilizer manufacturer/distributor competing with NFL in the traded fertilizer (DAP/MOP/NPK) segment.
• Indian Potash Limited (IPL): Government-linked importer and distributor of potash and other fertilizers, and a JV partner with NFL in the Russia urea project. Directly comparable as a state-owned fertilizer marketer/importer.

Broad incumbents

• Gujarat State Fertilizers & Chemicals (GSFC): Diversified state-level fertilizer and chemicals manufacturer (urea, DAP, ammonium sulphate, caprolactam, industrial chemicals). Broadly comparable as a government-linked fertilizer producer; broader portfolio makes it a wider incumbent than NFL.
• Deepak Fertilisers and Petrochemicals: Listed private-sector manufacturer of nitrogenous fertilizers (nitric acid, ammonium nitrate, technical ammonium nitrate) and crop nutrients. Broadly comparable as a nitrogen/fertilizer player with an industrial-chemicals mix.

Others

• Uralchem: Russian fertilizer major and JV partner with NFL, RCF, and IPL in the Togliatti 2 MT urea project. Included as a strategic partner and supply-side ecosystem participant rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xtwitter.com/nfl_kisan
• YouTubeyoutube.com/@nationalfertilizerslimited6133
• Facebookfacebook.com/nationalfertilizers
• LinkedInlinkedin.com/company/national-fertilizers-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about National Fertilizer