Madhya Bharat Agro Products share price today

Madhya Bharat Agro Products Ltd's share price was ₹187.29 at the close on 4 November 2026. It has been rising for 93 weeks. That is 42.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹79 and ₹187, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Madhya Bharat Agro Products Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 20 weeks in a row.

Over the last 9.8 years the share price moved +7,245% while the NIFTY 500 moved +195%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

4 points in one quarter, revenue up on a year earlier for 7 quarters in a row and profit up on a year earlier for 7 quarters in a row.

1. Promoters cut their stake by 3.4 points in one quarter

   From 74.8% to 71.4% in the September 2026 quarter.

2. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹416 crore, +1.5% on a year earlier.

   Why: Revenue rose a little because the company charged more for its fertilizer from April.

   Next results: check whether imported fertilizer trading or the new Dhule plant drives revenue growth.

   From the earnings call on 28 Sep 2026.

3. Profit up on a year earlier for 7 quarters in a row

   In the June 2026 quarter profit was ₹33 crore, +17.9% on a year earlier.

   From the earnings call on 28 Sep 2026.

For April to June 2026 (the quarter ended 30 June 2026), Madhya Bharat Agro Products reported revenue of ₹416 crore, up 1.5% from ₹410 crore a year earlier, and a profit of ₹33.0 crore, up 17.9% from ₹28.0 crore.

Madhya Bharat Agro Products results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Madhya Bharat Agro Products' management discussed these results on a call held on 28 September 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Madhya Bharat Agro Products closed at ₹187.29 on 4 November 2026, up 125.6% from ₹83.03 a year earlier (7 November 2025) and up 2,025.9% over five years. Its highest weekly close since January 2017 was ₹187.29 on 4 November 2026.

Madhya Bharat Agro Products share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

499 weekly closes from 20 January 2017 to 4 November 2026.

4 Nov 2026: Madhya Bharat Agro Products closed at ₹187.29, up 5.7% on the week and up 12.9% on the month. 28 Sep 2026: Madhya Bharat Agro Products held its results call for April to June 2026. Management guided: Dhule FY27 sales 60,000 MT NPK plus 70,000 MT SSP, translating to ₹400-500 crore turnover.

Earlier

• 3 Jul 2026: Share split: face value cut from ₹10 to ₹2 a share (ex-date).
• Results for April to June 2026: Revenue up 1.5% and profit up 17.9% on a year earlier.
• 17 Jun 2026: ex-date for a dividend of ₹0.50 a share.

Madhya Bharat Agro Products paid ₹0.10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.05% at the ₹187.29 close on 4 November 2026. The last was a dividend of ₹0.50 a share, ex-date 17 June 2026.

Madhya Bharat Agro Products dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 1 of the last 12 months' payments came before a split or bonus; the 12-month total above is on today’s share count.

Yes. Madhya Bharat Agro Products Ltd paid out 3% of its profit as dividends in FY26, and it paid a dividend in 10 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Madhya Bharat Agro Products' management guided: Dhule FY27 sales 60,000 MT NPK plus 70,000 MT SSP, translating to ₹400-500 crore turnover.

“I can assure you that whatever per ton EBITDA we have been earning in first quarter, by the end of financial year 27 per ton EBITDA will be maintained. Though in percentage terms, because of the increase in denominator of sales price, the percentage EBITDA may go down.”Pukhraj Kanther, on the call for April to June 2026

What management guided

• Dhule commercial production planned for October after a 15-20-day delay caused by pending regulatory approvals.
• Dhule utilization planned at 40-50% initially and 80-85% in FY28-29.
• FY27-end per-ton operating profit maintained at the first-quarter level.
• Existing DAP/NPK utilization to reach up to 90% by year-end after April-May ammonia constraints.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026.

When Madhya Bharat Agro Products reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Dhule ammonia and sulfur approvals - check commercial commissioning and first sales at the next call.

Madhya Bharat Agro Products is on 2 of our India lists: Momentum stocks and 52 week high & low.

Madhya Bharat Agro Products Ltd earned ₹33.0 Cr of net profit in the Jun 2026 quarter, +17.9% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹150 Cr. Over 10 years profit has grown 32.5% a year on average. That is 7.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹28.0 Cr.

For the full year, FY26 profit was ₹150 Cr (+163.2% on the year before).

Why profit moved: revenue changed +1.5% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +134.7% and revenue +53.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Madhya Bharat Agro Products Ltd reported ₹416 Cr of revenue in the Jun 2026 quarter, +1.5% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown 39.9% a year on average. The last full year, FY26, came in at ₹1,866 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,873 Cr.

FY26 revenue was ₹1,866 Cr, +76.4% on the year before.

Recent pace: the last four quarters grew +53.0% on average, against 39.9% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +47.6%, against +46.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +109.5%, against +135.3% a year (rolling over).

Madhya Bharat Agro Products Ltd's operating margin was 16.0% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 10.0% and 28.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.9 percentage points on the year while gross margin changed +5.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 50% of Madhya Bharat Agro Products Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹127 Cr of cash, against ₹150 Cr of profit. After ₹397 Cr of spending on assets, free cash was −₹524 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 50% of profit came in as cash: the cash cycle got 37 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 6.1× depreciation over three years. The next section checks what that spending is building.

Madhya Bharat Agro Products Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 144 days in FY26, down from 181 days in FY21. It spent ₹610 Cr on assets over the last 3 years. Customers take 83 days to pay, and stock sits for 96 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,866 Cr, each day of that cycle ties up about ₹5.1 Cr, so roughly ₹736 Cr is tied up in the business at any time.

FY26: customers took 83 days to pay and stock sat for 96 days, about 3.2 months of sales sitting as stock, for a full cycle of 144 days, shorter than FY21's 181.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 96 days. Customers pay about 83 days after that. Suppliers are paid at 36 days. Together that makes the 144-day cycle.

Spending on assets: ₹610 Cr over the last 3 years, against ₹100 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹277 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Madhya Bharat Agro Products Ltd's P/E is 55.5×, near the high end of its own history: higher than 91% of past readings. Its usual P/E (the middle reading) is 21.4×, over 9.8 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹3.53.