Case study

NFL

National Fertilizers

Tread carefully1y model -28.2%

Each stock's 10,000-path forecast, rendered as light.

0Score

National Fertilizers (NFL) Stock Analysis & Case Study

Is NFL a good buy? The data-driven verdict.

National Fertilizers (NFL) trades at ₹78,on the numbers it tread carefully, a Downstox Snapshot Score of 43/100.

On the numbers, National Fertilizers (NFL) tread carefully, a Downstox Snapshot Score of 43/100, weighing fairly valued at 18.2× earnings, ROE of 7.6%, a 20% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 20272031.

Last updated . Data snapshot for research, not investment advice.

NFL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹3,846 Cr
Current price
₹78
P/E ratio
18.2×
P/B ratio
1.35×
Book value
₹58
Dividend yield
1.99%
ROCE
9.1%
ROE
7.6%
Piotroski F-Score
4/9

Is NFL overvalued? NFL P/E vs its sector

NFL's P/E of 18.2× sits above the sector peer median of 15.9×, so on earnings it screens richer than peers, while its 1.99% dividend yield is above the peer median of 1.67%.

NFL P/E
18.2×
Peer median P/E
15.9×
NFL div yield
1.99%
Peer median yield
1.67%

NFL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 2.0y of NFL history (-26%/yr drift, 39%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
NFL 2027₹34₹56₹91-28%
NFL 2028₹20₹40₹81-49%
NFL 2029₹12₹28₹68-63%
NFL 2030₹7₹20₹55-74%
NFL 2031₹5₹14₹45-82%

Median (P50) is the central estimate; the P10–P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability NFL goes up, or doubles?

20%
Higher in 1 year
Modelled chance the price is above today in 12 months
3%
Higher in 5 years
Modelled chance the price is above today in 5 years
0%
Doubles in 5 years
Modelled chance of reaching ₹156 within 5 years

The bull case for NFL

  • A 18.2× P/E sits in the fair-value band, neither cheap nor stretched.
  • Low price-to-book of 1.35×, the market is paying little over the company's net assets.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹68.

The bear case & risks

  • Return on equity is a soft 7.6%, capital efficiency trails higher-quality peers.
  • The probability model is cautious 12 months out, only a 20% chance of finishing above today's price.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹12.

NFL volatility & expected range, how bumpy is the ride?

Over the last 2.0 years NFL compounded at -26%/year with annualized volatility of 39%. That volatility implies a 1-year 80% range of ₹34₹91, the honest backbone behind any single price target.

NFL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 2.0 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
28.2%
80% range₹34–₹91
P(price ↑)20%
P(price 2×)0%
3-Year Forecast
2029
₹0
Median (P50)
63.4%
80% range₹12–₹68
P(price ↑)7%
P(price 2×)1%
5-Year Forecast
2031
₹0
Median (P50)
81.6%
80% range₹5–₹45
P(price ↑)3%
P(price 2×)0%

NFL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
NFL simulated paths · 60 months · 10,000 trials
P10–P90 (80%)P25–P75 (50%)Median (P50)

Probability of key outcomes

What are the odds NFL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the NFL price target & forecast page.

NFL Piotroski F-Score: 4/9, how financially strong is it?

4/9

The Piotroski F-Score grades financial strength on nine profitability, leverage and efficiency checks. NFL scores 4/9,mixed financial health.

NFL MTF margin & leverage, Upstox, Zerodha, Groww, Dhan

Margin Trading Facility lets you buy NFL with part of the capital. Lower margin % = higher leverage. Rates compared across brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox35.0%2.9×
ZerodhaCHEAPEST32.9%3.0×
DhanCHEAPEST32.9%3.0×

Compare every broker on the NFL MTF page.

NFL vs peers,sector comparison

StockP/EDiv yieldMarket cap
NFL (this stock)18.2×1.99%₹3,846 Cr
RELIANCE23.1×0.45%₹17.95L Cr
TCS14.7×3.01%₹7.69L Cr
HDFCBANK15.9×1.65%₹12.11L Cr
INFY14.4×4.51%₹4.32L Cr
ICICIBANK17.9×0.81%₹9.70L Cr
SBIN11.5×1.67%₹9.61L Cr

About National Fertilizers: sector, index & market-cap context

National Fertilizers (NFL) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index group, with a market capitalisation of ₹3,846 Cr. See more Nifty 500 stocks.

How the NFL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of National Fertilizers's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

NFL analysis, FAQs

Is National Fertilizers (NFL) a good buy?

On the numbers, National Fertilizers (NFL) tread carefully, a Downstox Snapshot Score of 43/100, weighing fairly valued at 18.2× earnings, ROE of 7.6%, a 20% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is NFL overvalued or undervalued?

NFL trades at 18.2× earnings versus a peer median of 15.9×, so it screens richer than its sector peers.

What is the NFL share price target for 2031?

NFL's probability-weighted 2031 median target is ₹14, with an 80% range of ₹5₹45 (10,000-path Monte-Carlo).

What is the probability NFL doubles in 5 years?

The modelled probability of NFL reaching ₹156 (2×) within 5 years is 0%.

What is the bull case for NFL?

A 18.2× P/E sits in the fair-value band, neither cheap nor stretched. Low price-to-book of 1.35×, the market is paying little over the company's net assets.

What are the risks in NFL?

Return on equity is a soft 7.6%, capital efficiency trails higher-quality peers. The probability model is cautious 12 months out, only a 20% chance of finishing above today's price.

More on NFL