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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Madhya Bharat Agro Products Limited is an India-based company, which is engaged in the manufacturing of fertilizer and chemical products. The Company is engaged in the production of Sulphuric Acid Plant (SAP), Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP),…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, slow-growing business, fairly priced — but flagged on governance.
MADHYA BHARAT AGRO P. LTD is scored on the commodity / cyclical framework. It keeps a slim 8.0% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT -0.85×) — worth a closer look. Free cash flow is worth about -5.6% of its market value.
Over the last 3 years revenue compounded at 24%/yr and profit at 7%/yr. Book value itself has compounded 19%/yr — the hallmark of a genuine compounder. Return on equity is an elite 27.3%. In the latest quarter profit fell 45% versus the prior quarter.
At 2× earnings, the stock sits at the 51st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~23%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.13 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 57.49 | 28.72 | worse |
| P/B | 10.49 | 8.13 | worse |
| EV/EBITDA | 38.26 | 17.84 | worse |
| ROE | 27.32 | 18.47 | better |
| ROCE | 14.43 | 10.44 | better |
| ROA | 9.21 | 5.88 | better |
| Quick Ratio | 0.87 | 4.44 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Coromandel Interntl | 30.3 | 4.3 | 15.6% |
| FACT | 1743.1 | 35.3 | 6.6% |
| Chambal Fertilizers | 8.1 | 1.4 | 16.8% |
24% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (24% vs 7%) — costs are rising faster than the top line. The latest year saw a +161% swing — check if it's a one-off or structural.
Operating margin has compressed from 18% to 9% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 27% — the business earns well above its cost of equity. High ROE despite single-digit margins — an asset-turn play with high capital velocity. Capital efficiency declining — ROE down 11pp.
7% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Wide quarterly swings (34% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate fading — recent quarters 23% below earlier ones.
Profit fell 45% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 71.4% — heavily owner-operated with strong skin in the game. Promoters reduced 3.3pp over 4 quarters — watch whether this is planned divestment or pledge invocations.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.