Madhya Bharat Agro Products Ltd. · NSE:MBAPL
Madhya Bharat Agro Products — Q1 FY27 Earnings Presentation
31 slides from Madhya Bharat Agro Products's earnings presentation, Jul 14, 2026
Slide 1: Regulation 30 cover letter to NSE
Date: 14.07.2026 National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex, Bandra (East) Mumbai-400 051 Company Code: MBAPL Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,
Slide 2: Q1 FY27 Financial Results Presentation
Madhya Bharat Agro Products Ltd (MBAPL) (A Unit of Ostwal Group of Industries) Q1 FY27 Financial Results presentation
Slide 3: Safe Harbor
Safe Harbor This presentation may contain forward-looking statements regarding future business developments and economic performance. These statements related to Madhya Bharat Agro Products Ltd (MBAPL) are based on current expectations and projections that involve a number of risks and uncertainties
Slide 4: Index
Index S No. Title Pg No. 1 OVERVIEW 1-7 2 FINANCIAL & OPERATIONAL PERFORMANCE 8-12 4 MARKET OUTLOOK 13-16 5 ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) 17-20 6 CORPORATE ACTION – ENHANCING SHAREHOLDER ACCESSIBILITY 21 7 CONCLUSION 22 8 VISION 2028: FROM EXPANSION TO LEADERSHIP 23
Slide 5: MBAPL Overview
MBAPL Overview Acquired in 2004, rebuilt into a profitable Led by Result oriented and Experienced enterprise Team KEY METRICS Key Metrics MBAPL , India`s 3rd largest Private sector player Mr. M.K Ostwal (Chairman), a technocrat entrepreneur and pioneer in SSP production from BRP. Extensively Integra
Slide 6: Strengthening Scale Through Capacity Expansion
Strengthening Scale Through Capacity Expansion Fertiliser Capacities (in’000 MT) Intermediates Capacities (in’000 MT) 900 1230 1560 1560 786 885 1347 1347 66 234 396 330 330 990 99 168 69 69 660 924 330 330 528 528 528 570 570 570 570 189 189 189 189 Existing FY27 FY28 Total of FY28 Existing FY27 FY
Slide 7: Leading the Industry Through Unmatched Performance and Scale Expansion
Leading the Industry Through Unmatched Performance and Scale Expansion OGI’s Leading Industry positions Best Production Award for SSP Fertilizer Our Returns vs. Industry Average* Plant (5 Year CAGR) INDUSTRY MBAPL AVERAGE TOP India’s Pioneer Player Low-Grade Rock Phosphate Beneficiation Revenue Grow
Slide 8: Strategic Pillars of Strength
Strategic Pillars of Strength • Part of OGI which is the 2nd largest SSP fertilizer producer in India and 3rd largest Private • Only player to relocate plants and sector NPK/DAP Fertilizer Leading Industry Cost-Efficient enhance its capacities company with planned expansion Investment • Strategic pl
Slide 9: Journey So Far
Journey So Far Commissioned Geographical 10-year, 1.30 lakh MT Green Ammonia NPK/DAP plant 1.20 diversification to MH with procurement agreement with SECI Commenced lakh MT with 5.86 lakh Sq mtr land Commissioned new capacities: backward Started 33,000 MT integrated Phosphoric allotted at Dhule. Sup
Slide 10: India's only manufacturer with extensively backward-integrated operations
India’s only manufacturer with extensively backward-integrated operations Beneficiated Rock Sulphuric Acid & Phosphoric acid Phosphate Water Single Super Phosphate Phosphoric Acid SSP Powder & Granular form Beneficiation of Low grade rock In house Sulphuric acid Annual capacity : Annual capacity : t
Slide 11: Strategic Location with continuous expansions
Strategic Location with continuous expansions Fertiliser Capacities (in’000 MT) 60 240 360 480 900 1560 1230 1560 SSP 330 NPK/DAP 330 990 660 NPK/DAP (Proposed) 330 330 Uttar Pradesh 240 120 570 570 570 570 Dahej Seaport 60 240 240 240 Gujarat Madhya Pradesh 2004 2016 2022 2023 2026 2027 2028 Total
Slide 12: Q1 FY27 Performance
Q1 FY27 PERFORMANCE
Slide 13: Chairman's Quote
Chairman’s Quote M.K. Ostwal (Promoter, Chairman & Director) “Strong Foundations Deliver Resilient Performance even in Uncertain Times” "The quarter was marked by a, elevated raw material prices and geopolitical uncertainties and slightly delayed monsoon. Despite these challenges, our integrated man
Slide 14: Q1 FY27 Growth & Profitability Snapshot
Q1 FY27 Growth & Profitability Snapshot REVENUE (Rs. Cr) EBIDTA (excl. Other inc.) (₹ Cr) PAT (Rs. Cr) ₹ 416.3 Cr 1.6% YoY ₹ 65.9 Cr 15.8% YoY ₹ 33.0 Cr 17.0% YoY EBIDTA MARGINS (%) PAT MARGINS (%) 416.3 13.9% 10.4% 15.8% 6.9% 15.2% 7.9% 409.7 65.9 59.8 56.9 41.2 394.7 33.0 28.2 Q1FY26 Q4FY26 Q1FY27
Slide 15: Q1 FY27 Production & Efficiency Snapshot
Q1 FY27 Production & Efficiency Snapshot Fertilizers Capacities Utilization (in tons) SSP NPK/DAP 79% 99% 98% 95% 43% 45% 58,571 57,144 47,406 59,137 63,592 35,632 Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 570K MTPA Capacity increased 240K.to 570K MTPA Capacity increased 240K.to 330K MTPA from 30th
Slide 16: Financials Summary
Financials Summary Rs. In Crore Particulars Q1 FY27 Q4 FY26 QoQ% Q1 FY26 YoY% FY26 FY25 YoY% Revenue from operations 416.3 394.7 5.5 409.7 1.6 1,867.0 1,059.2 76.3 Other income 5.4 9.1 -40.7 3.0 80.0 16.9 11.2 50.9 Total income(I+II) 421.7 403.8 4.4 412.7 2.2 1,883.9 1,070.4 76.0 Expenses Cost of ma
Slide 17: Historical Financial Metrics & Operational Metrics
Historical Financial Metrics & Operational Metrics Financial Performance Trend Revenue (₹ in Cr) EBIDTA (excl. Other income) (Rs. Return on Equity (%) PAT (₹ in Cr) & EPS (₹ ) Cr) & Margins (%) 12% 11% 12% 0.57 1.31 3.43 31.51% 15.24% 1867 1059 227 150 7.30% 817 145 96 58 25 FY24 FY25 FY26 FY24 FY25
Slide 18: Market Outlook
MARKET OUTLOOK
Slide 19: Industry Outlook: Kharif 2026
Industry Outlook: Kharif 2026 Demand Environment Policy Support ❑ Improving monsoon conditions are expected to support Kharif sowing activity and drive fertilizer demand. ❑ Nutrient-Based Subsidy (NBS) revised to support affordability ❑ ₹18,640 crore PM-KISAN disbursement (Mar’26) is and industry st
Slide 20: Market Positioning
Market Positioning (Figures In ‘000 MT) (Source: FAI) (Figures In ‘000 MT) Strong Growth in Phosphatic Import vs Domestic Sales NPK Consumption (20-20-0-13) Fertilizer Demand NPK Consumption 3 Year CAGR:17% 6971 3 Year 6230 CAGR:12% 14,214 14,067 42% 5421 4353 11,073 10074 58.00% FY22 FY23 FY24 FY25
Slide 21: Balanced Nutrition: Shifting from Urea-Heavy to True NPK Farming
Balanced Nutrition: Shifting from Urea-Heavy to True NPK Farming India’s nutrient use is skewed to nitrogen – driving a structural push toward NPK & soil health solutions. •Overuse of urea and underuse of P & K are linked to: •Soil nutrient mining & degradation •Declining marginal response to fertil
Slide 22: Food Security Tailwinds: Feeding 1.7 Billion Indians
Food Security Tailwinds: Feeding 1.7 Billion Indians Rising population & higher per-capita food demand = non-negotiable need for yield-enhancing, efficient fertiliser use. Macro & Demand Backdrop: • By 2030, India will need to feed ~1.7 billion people, sharply raising pressure on the food system. •
Slide 23: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE
Slide 24: Strengthening Sustainable Input Economics
Strengthening Sustainable Input Economics A Strategic steps towards cost leadership, self-reliance and a greener future ~108% Structural Cost Advantage Landmark Move for sustainability ~₹53/kg (secured) vs ~₹110/kg (global benchmark), with fixed pricing supported by subsidy-linked protection In a la
Slide 25: CSR Initiatives in FY26
CSR Initiatives in FY26 Organizing blood donation camp Driving sustainability through plantation Blood donation for thalassemia suffered initiatives people Eye check-ups to full-body tests offered Promoting Sportsmanship through in these medical camps Organized medical camps offering Sports Events a
Slide 26: Building a Greener Fertilizer Platform
Advancing Sustainable Manufacturing Building a Greener Fertilizer Platform RESOURCE GREEN ENERGY ENVIRONMENTAL GOVERNANCE EFFICIENCY TRANSITION STEWARDSHIP EXCELLENCE 1.3L MTPA 100% Green Ammonia Secured 12,217 Water Recycled & Reused Supporting long-term raw material security and decarbonization. R
Slide 27: Experienced Turnaround Specialist Promoters
Experienced Turnaround Specialist Promoters M.K. Ostwal Pankaj Ostwal Praveen Ostwal Founder & Chairman Promoter & Director Promoter & Director CA with 26 years of experience across CA with 23 years of experience in fertilizers, 40+ years of experience in fertilizer fertilizers, textiles, chemicals
Slide 28: Corporate Action – Enhancing Shareholder Accessibility
Corporate Action – Enhancing Shareholder Accessibility Corporate Action Timeline 26 May 2026 24 June 2026 03 July 2026 Board Approval Shareholder Approval Stock Split for Stock Split through AGM. Effective Date 1:5 Stock Split Completed Face Value Reduced from ₹10 to ₹2 per Equity Share Objective ❑
Slide 29: Conclusion
Conclusion 01 07 02 06 03 04 05 BEST-IN-CLASS SECURED RAW RESULT DRIVEN EXTENSIVELY ENHANCED PROVEN TRACK GROWTH AHEAD METRICS MATERIAL SUPPLY LEADERSHIP TEAM INTEGRATED CAPACITIES RECORD • Established long-term • Enhanced expansion • Strong operating • Extensively backward • Potential to add • Robu
Slide 30: Vision 2028: From Expansion to Leadership
Vision 2028: From Expansion to Leadership Building India's 3rd Largest Private-Sector Phosphatic Fertilizer Platform Capacity Leadership Market Penetration Fertilizer Capacity 15.6L MT Pan India Presence Leveraging recent capacity expansions and the ongoing Expanding from 11 states to pan India pres
Slide 31: Thank You
THANK YOU Investor Relation Team Email: ir@mbapl.com MADHYA BHARAT AGRO PRODUCTS LIMTED (A Unit of Ostwal Group of Industries) Corp. Off.: Ostwal Heights, Urban Forest, Atun, Bhilwara (Raj)- 311802 CIN: L24121RJ1997PLC029126
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