Paradeep Phosphates Limited (PPL) is India's second largest integrated private sector fertiliser manufacturer. It is among India’s foremost private sector players in the phosphatic fertiliser segment, with a market share of around 8%.
The Bhubaneswar-headquartered company was incorporated in 1981 as a joint venture between the Indian government and the Republic of Nauru to establish a phosphatic fertiliser manufacturing unit in Paradeep, Odisha.
The Republic of Nauru divested its stake in 1993, paving the way for PPL to become a Central Public Sector Unit (CPSU). The Government of India divested about 80% of its stake in 2002 to Zuari Maroc Phosphates Pvt Ltd, a joint venture between an indigenous fertiliser firm Zuari Agro Chemicals Limited (ZACL) and Morocco based phosphate giant OCP Group S.A.
In 2022, the central government offloaded its remaining 19.55% stake, as PPL launched a ₹1500 crore initial public offering (IPO). The company utilised a portion of the fund raised through IPO to take over a 1.2 million Metric ton capacity fertiliser plant in Goa the same year. After the IPO, ZMPPL now owns a 56.1% stake in PPL.
The company’s market capitalisation stood at nearly ₹1,000 crore as of December 22, 2023. PPL share price has surged more than 358% in the last three years.
Business operations
PPL owns and operates two fertiliser plants in Paradeep and Goa with a cumulative maximum production capacity of 3 million tons. Paradeep houses the larger manufacturing unit, having a maximum production capability of 1.8 MMT. PPL has another 1.2 MMT unit in Goa.
PPL has entered into long-term contracts with vendors in various parts of the world for sourcing its raw materials. It markets the finished fertilisers under the well-known brands Jai Kisaan and Navratna to its customer base of more than 8 million farmers in 15 states in the country. The company offers its products through an extensive network of 21 regional marketing offices, more than 6,500+ dealers, over 65,500 retailers, and 450 stock points.
The manufacturing units of PPL churn out a wide range of phosphatic fertilisers. PPL is also a leading supplier of industrial products like gypsum, zypmite, hydrofluorosilicic acid, sulphuric acid, and ammonia.
Paradeep Phosphates Financial Highlights
- Revenue: Paradeep Phosphates reported revenue of ₹21,972.92 crore in FY26 vs ₹17,106.69 crore in FY25. It showed an increase of 28.45% on a yearly basis.
- Operating Profit: Paradeep Phosphates reported an operating profit of ₹1,327.96 crore in FY26 vs ₹910.87 crore in FY25. It showed an increase of 45.79% on a year-on-year basis.
- Net Profit: Paradeep Phosphates reported a net profit of ₹996.35 crore in FY26 vs ₹662.13 crore in FY25. It showed an increase of 50.48% on a yearly basis.
Paradeep Phosphates Quarterly Result Highlights
- Paradeep Phosphates reported revenue of ₹6,145.82 crore in Jun 2026, compared with ₹4,741.81 crore in Mar 2026, representing an increase of 29.61% on a quarter-on-quarter (QoQ) basis.
- Paradeep Phosphates reported an operating profit of ₹526.16 crore in Jun 2026, compared with ₹202.18 crore in Mar 2026, representing an increase of 160.24% on a quarter-on-quarter (QoQ) basis.
- Paradeep Phosphates reported a profit of ₹392.54 crore in Jun 2026, compared with ₹155.60 crore in Mar 2026, reflecting an increase of 152.28% on a QoQ basis.
- The earnings per share (EPS) of Paradeep Phosphates stood at ₹9.60 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
