Paradeep Phosphates logo

Paradeep Phosphates share price

NSE: PARADEEPBSE: 543530Fertilizers & AgrochemicalsSmall Cap

Paradeep Phosphates Limited · Face value ₹10 · Listed May 2022 · Issue price ₹42
Last close ₹138.19down ₹0.78 (0.56%)BSE ₹138.05

Share price at the NSE close on 28 Oct 2026. Previous close ₹138.97.

28 Oct: open ₹138.85, high ₹139.90, low ₹137.80

52-week range of traded prices to 28 Oct 2026
₹99.70Low, 9 Mar 2026₹180.80High, 10 Nov 2025
Market cap
₹14,351 Cr477th largest listed
P/E
13.39
P/B
2.12
Dividend yield
1.09%
ROE
19.7%
ROCE
13.7%
Debt to equity
1.02
Volume, NSE
8,62,50535.5% delivered

Paradeep Phosphates share price chart

Daily closes since May 2022, adjusted for splits and bonuses

−18.3%over a year · Nifty Smallcap 250 −2.1% · Nifty 500 −8.8%

Results20-session average 19,07,044 shares a day, 39.6% delivered

About Paradeep Phosphates

Paradeep Phosphates Limited makes, trades and markets fertilisers for Indian farmers, including phosphatic fertilisers such as DAP (di-ammonium phosphate) and NPK grades (blends of nitrogen, phosphorus and potassium), and urea.12 Its plants are at Paradeep in Odisha, Goa, Mangalore and Mahad.34 It sells under the Jai Kisaan Navratna and Jai Kisaan Mangala brands.2

Its range also includes TSP (triple super phosphate), MOP (muriate of potash), ammonium sulphate, Nano DAP and Nano Urea, the soil conditioners Zypmite Plus and Maha Zypmite, and industrial chemicals.5 It also makes phosphoric acid, sulphuric acid and ammonia, which go into its fertilisers.2 In the year to Mar 2026, products it made itself brought ₹1,79,120 million of revenue and products it bought and resold ₹39,143 million.6 It sells to more than 12 million farmers through over 1,00,000 retailers across 18 states.7

Paradeep Phosphates was incorporated in 1981 as a joint venture between the Government of India and the Republic of Nauru, which left in 1993.8 Zuari Maroc Phosphates took a majority stake in 2002; the company listed on the stock exchanges in May 2022 and bought its Goa plant from Zuari Agro Chemicals in June 2022.9 Mangalore Chemicals & Fertilizers Limited merged into the company in 2025, under a scheme approved by the National Company Law Tribunal.10 Its promoter and holding company is Zuari Maroc Phosphates Private Limited, in which OCP S.A. holds 50%.1112

Paradeep Phosphates key points

Results

  • In the quarter to Jun 2026, revenue from operations rose 36% to ₹6,124 crore, EBITDA (earnings before interest, tax, depreciation and amortisation), including other income as the company presents it, rose 21% to ₹742 crore and consolidated profit after tax was ₹393 crore.1314
  • In the year to Mar 2026, revenue from operations rose 28.7% to ₹2,18,263 million and EBITDA, including other income as the company presents it, rose 35.3% to ₹22,989 million.1516
  • Consolidated reported profit after tax for the year to Mar 2026 was ₹10,008 million, against ₹6,576 million a year earlier.17

Sales volumes

  • Sales volume, change on a year earlier1819
    Itemquarter to Jun 2026
    All fertilisers985,143 tonnes, up 4.0%
    NPK, including TSP and traded NPK472,707 tonnes, down 8.8%
    DAP, including traded DAP245,189 tonnes, up 55.1%
    Urea196,646 tonnes, down 15.8%

Plants and capacity

  • Installed fertiliser capacity of the Paradeep, Goa and Mangalore plants, in million tonnes a year (MMTPA)2021
    Itemquarter to Jun 2026
    Paradeep, DAP and NPK grades1.8
    Goa, NPK 0.8 and urea 0.41.2
    Mangalore, urea 0.4 and NPK 0.30.7
    The company puts the total of these plants at 3.7 MMTPA.
  • Paradeep can make 2.0 million tonnes a year (MMTPA) of sulphuric acid and 0.5 MMTPA of phosphoric acid, inputs for its fertilisers; the Goa and Mangalore plants can each make 0.29 MMTPA of ammonia.2223
  • In the year to Mar 2026, the company added 500,000 tonnes a year (MTPA) of sulphuric acid capacity at Paradeep and 100,000 MTPA at Mangalore, raising its sulphuric acid capacity by 45%.24

Subsidy and raw materials

  • Urea prices in India are controlled by the government, and phosphatic and potassic fertilisers get a government subsidy under the Nutrient-Based Subsidy scheme.25
  • On a standalone basis, in the year to Mar 2026, the company recognised ₹11,62,505.61 lakh of subsidy revenue, of which ₹3,84,728.31 lakh was still receivable on 31 March 2026.26
  • On its earnings call of 31 Jul 2026, the company said subsidy owed to it by the government was around ₹4,600 crore at the end of June.27
  • The Paradeep plant buys rock phosphate from the OCP Group and molten sulphur from Indian Oil Corporation. On its earnings call of 31 Jul 2026, the company said it had no long-term arrangement for sulphur and was buying on the spot basis.2829

Expansion and capital spending

  • In its presentation of 30 Jul 2026, the company said its board had approved ₹250 crore for an aluminium fluoride plant at Paradeep, made from a by-product, to build business outside the subsidy system.30
  • On its earnings call of 31 Jul 2026, the company said it expects to commission the aluminium fluoride plant, of around 15,000 tonnes a year, within 22 to 24 months, with revenue of at least ₹180 crore to ₹200 crore.31
  • On its earnings call of 31 Jul 2026, the company said its phosphoric acid capacity would rise from 5 lakh tonnes a year to 6 lakh by December that year and to 7 lakh mostly by August or September 2027.3233
  • The company stated in its annual report for the year to Mar 2026 that it had announced a ₹3,600 crore programme to expand granulation (forming fertiliser into granules) capacity and aims for 5.0 million tonnes a year of capacity by the year to Mar 2029.34

What the company expects

  • On its earnings call of 31 Jul 2026, the company said a realistic EBITDA for a year was around ₹5,000 per tonne, and that it expects a sustainable ₹7,000 or more per tonne once its expansion projects are complete.35
  • On its earnings call of 31 Jul 2026, the company said its long-term target is for at least 20% of EBITDA to come from business outside the fertiliser subsidy.36

Recent events

  • On 27 Jan 2026, ICRA upgraded the company's credit rating (an agency's view of its ability to repay debt) on long-term bank facilities to [ICRA]AA- (Stable) from [ICRA]A+, and on short-term ones to [ICRA]A1+.3738

Litigation and regulatory matters

  • On 7 Aug 2026, the Supreme Court dismissed the Department of Fertilizers' appeal against a Delhi High Court order directing it to release a ₹53.50 crore subsidy claim to the company.39
  • On 18 May 2026, the National Company Law Appellate Tribunal rejected the company's Odisha entry tax exemption appeal. It said it has fully provided for the ₹76 crore demand and deposited ₹26 crore under protest, plans a Supreme Court appeal and expects no material impact.4041
  • Customs in Goa seized 25,000 tonnes of technical grade urea imported for NPK fertilisers. As of the secretarial audit report of 11 May 2026 in its annual report, the company was contesting the findings and the urea was provisionally released for its Goa plant.42

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 25 Aug 2026, page 5
  2. 2. Investor presentation, 30 Jul 2026, page 10
  3. 3. Annual report, 25 Aug 2026, page 36
  4. 4. Annual report, 25 Aug 2026, page 27
  5. 5. Investor presentation, 30 Jul 2026, page 12
  6. 6. Annual report, 25 Aug 2026, page 15
  7. 7. Investor presentation, 30 Jul 2026, page 3
  8. 8. Annual report, 25 Aug 2026, page 6
  9. 9. Annual report, 25 Aug 2026, page 6
  10. 10. Exchange filing, 11 May 2026, page 2
  11. 11. Annual report, 25 Aug 2026, page 139
  12. 12. Annual report, 25 Aug 2026, page 302
  13. 13. Investor presentation, 30 Jul 2026, page 6
  14. 14. Investor presentation, 30 Jul 2026, page 9
  15. 15. Annual report, 25 Aug 2026, page 16
  16. 16. Investor presentation, 30 Jul 2026, page 9
  17. 17. Investor presentation, 30 Jul 2026, page 9
  18. 18. Investor presentation, 30 Jul 2026, page 5
  19. 19. Investor presentation, 30 Jul 2026, page 5
  20. 20. Investor presentation, 30 Jul 2026, page 3
  21. 21. Investor presentation, 30 Jul 2026, page 10
  22. 22. Annual report, 25 Aug 2026, page 27
  23. 23. Annual report, 25 Aug 2026, page 28
  24. 24. Annual report, 25 Aug 2026, page 15
  25. 25. Annual report, 25 Aug 2026, page 59
  26. 26. Annual report, 25 Aug 2026, page 155
  27. 27. Earnings call, 31 Jul 2026, page 13
  28. 28. Annual report, 25 Aug 2026, page 37
  29. 29. Earnings call, 31 Jul 2026, page 15
  30. 30. Investor presentation, 30 Jul 2026, page 6
  31. 31. Earnings call, 31 Jul 2026, page 4
  32. 32. Earnings call, 31 Jul 2026, page 3
  33. 33. Earnings call, 31 Jul 2026, page 10
  34. 34. Annual report, 25 Aug 2026, page 15
  35. 35. Earnings call, 31 Jul 2026, page 11
  36. 36. Earnings call, 31 Jul 2026, page 8
  37. 37. Exchange filing, 27 Jan 2026, page 1
  38. 38. Annual report, 25 Aug 2026, page 16
  39. 39. Exchange filing, 8 Aug 2026, page 1
  40. 40. Exchange filing, 19 May 2026, page 1
  41. 41. Exchange filing, 19 May 2026, page 2
  42. 42. Annual report, 25 Aug 2026, page 143

Results

Consolidated; ₹ crore.Paradeep Phosphates quarterly results

Revenue growth, 12 months
+47.0%
Net profit growth, 12 months
+33.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹6,124 Crup 30.25%
Net profit
₹393 Crup 152.28%
Net margin
6.4%

Revenue by quarter

₹3,844 CrSep 24₹4,105 CrDec 24₹3,494 CrMar 25₹4,504 CrJun 25₹6,872 CrSep 25₹5,749 CrDec 25₹4,702 CrMar 26₹6,124 CrJun 26
Peak revenue ₹6,872 Cr, quarter to Sep 2025; lowest ₹3,494 Cr, quarter to Mar 2025

Net profit by quarter, a loss in red

₹228 CrSep 24₹159 CrDec 24₹160 CrMar 25₹256 CrJun 25₹342 CrSep 25₹182 CrDec 25₹156 CrMar 26₹393 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,8444,1053,4944,5046,8725,7494,7026,124
Net profit228159160256342182156393
Net margin5.9%3.9%4.6%5.7%5.0%3.2%3.3%6.4%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, FERTILIZER, which carries all its revenue.

Valuation

Today, against the company's own history.Paradeep Phosphates PE ratio and valuation

Price to earnings

At or below today's level on 4% of 620 trading days over the last 3 years.

LowestHighest
Its median25.16Industry median11.88
Price to book

At or below today's level on 65% of 904 trading days since Nov 2022.

LowestHighest
Its median1.94Industry median1.02
Dividend yield

At or below today's level on 99.8% of 1,086 trading days since May 2022.

LowestHighest
Its median0.55%Industry median0.65%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+5.1%+41.8%−26.9%1.4%
3 years+29.7%+37.0%−6.1%1.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Paradeep Phosphates shareholding pattern

Shareholding by group

  • Promoters57.85%
  • Foreign institutions4.79%
  • Indian institutions20.26%
  • Governments0.10%
  • Individuals and others17.00%
Holder
ZUARI MAROC PHOSPHATES PRIVATE LIMITEDPromoter50.37%
ZUARI AGRO CHEMICALS LIMITEDPromoter6.30%
ADVENTZ FINANCE PRIVATE LIMITEDPromoter0.78%
JYOTSNA PODDARPromoter0.28%
ZUARI INDUSTRIES LIMITEDPromoter0.06%
SHRADHA AGARWALAPromoter0.04%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Promoters have pledged 10.34% of their shares. Since Jun 2026: promoters −0.01 pts, foreign institutions −0.31 pts, Indian institutions +2.18 pts, mutual funds +2.03 pts.

Mutual fund holdings

63 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 41 of the 45 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 63 funds holding Paradeep Phosphates

Added
14
Cut
31
Held unchanged
18
Sold out
1
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Paradeep Phosphates insider trading

Bought on the market Sold on the market
  • Promoters and promoter group11 purchases, 0 sales₹23 CrNo saleNet₹23 Cr2 pledges released · 9 pledge filings of unclear kind · 10 off-market moves
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Paradeep Phosphates competitors and peers

Fertilizers, 27 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Paradeep Phosphates in market cap.Chemical companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Coromandel International logoCoromandel InternationalCOROMANDEL50,26427.434.00+23.5%−18.9%15.5%18.4%0.65%
Fertilizers and Chemicals Travancore logoFertilizers and Chemicals TravancoreFACT43,949–32.55+32.0%−212.4%−7.8%−0.4%0.00%
Chambal Fertilizers & Chemicals logoChambal Fertilizers & ChemicalsCHAMBLFERT14,4057.471.38+15.6%+10.2%20.2%21.1%3.06%
Madhya Bharat Agro Products logoMadhya Bharat Agro ProductsMBAPL7,74950.0114.10+47.7%+108.8%32.5%13.9%0.06%
Krishana Phoschem logoKrishana PhoschemKRISHANA6,72334.1811.99+73.4%+95.3%41.6%21.7%0.05%
Gujarat State Fertilizers & Chemicals logoGujarat State Fertilizers & ChemicalsGSFC5,4367.850.44+29.2%+7.9%5.7%5.1%3.67%
Rashtriya Chemicals and Fertilizers logoRashtriya Chemicals and FertilizersRCF5,30411.881.04+17.5%+56.1%9.1%7.5%2.43%
National Fertilizers logoNational FertilizersNFL2,9037.971.02+23.3%+137.8%13.1%8.8%1.76%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Paradeep Phosphates dividend history

Dividend per share, ₹, restated for later splits and bonuses

Mar 220.5Mar 230.5Mar 241Mar 251.5Mar 26
Highest ₹1.50 a share, year to Mar 2026.
Ex-dateTypePer share
4 Sep 2026Final₹1.50
22 Aug 2025Final₹1.00
17 Sep 2024Final₹0.50
18 Sep 2023Final₹0.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Paradeep Phosphates announcements

Paradeep Phosphates share price by year

Each calendar year to 2025.Paradeep Phosphates share price history

YearClose at year endChangeHighest closeLowest close
2025164.71+49.4%231.5786.89
2024110.23+62.5%113.6664.70
202367.85+15.2%73.7049.00
202258.90–68.4037.65
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 27 May 2022.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026138.20142.20135.99138.97139.4316,99,75736.0%
26 Oct 2026134.82138.85131.80137.89136.3614,19,01236.3%
23 Oct 2026137.09137.10129.70133.57132.0125,56,79439.9%
22 Oct 2026138.22138.83133.85138.35136.4220,32,57135.9%
21 Oct 2026144.14145.60138.23140.41140.8814,42,65642.8%
19 Oct 2026147.56147.70143.48144.26145.887,83,98846.8%
16 Oct 2026146.00148.15144.83147.16146.907,21,58141.0%
15 Oct 2026143.61149.65143.60146.41146.6118,03,12435.7%
14 Oct 2026141.51146.04141.25144.26143.9019,89,53937.2%
Prices in ₹ per share as traded, not adjusted.

Company details

Chairperson
SAROJ KUMAR PODDAR
At the end of the quarter to Sep 2026
Managing director and CEO
NARAYANAN SURESH KRISHNAN
At the end of the quarter to Sep 2026
NSE symbol
PARADEEP
BSE code
543530
ISIN
INE088F01024
Industry
Fertilizers & Agrochemicals
CIN
L24129OR1981PLC001020
Corporate identity number, the registrar of companies' code for it
Incorporated
1981
Registered office
Orissa State Handloom Weavers Co-Operative Building, 5th floor, Pandit J.N Marg, Bhubaneswar 751001
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments