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Engro Fertilizers

Produces and distributes fertilizers for agriculture

Overview

Engro Fertilizers manufactures and distributes fertilizers across Pakistan, serving smallholders, large farms, and government buyers. Its products are applied to crops to improve yields, with sales through direct channels, cooperatives, and retail partners, and it leverages digital tools to offer advanced agronomic solutions. The company differentiates itself through its large manufacturing base, extensive distribution network, emphasis on sustainability and CSR, governance standards, and ongoing investments in digital agriculture to broaden its reach. Its goal is to support Pakistan’s food security by increasing agricultural productivity while maintaining environmental and social stewardship.

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About Engro Fertilizers

Simplify's Rating
Why Engro Fertilizers is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & AgricultureIndustrial & Manufacturing

Company Size

501-1,000

Company Stage

IPO

Headquarters

Karachi, Pakistan

Founded

1991

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What believers are saying

  • Nine-month 2026 profit rose 13.8% to Rs16.24 billion on October 19, 2026.
  • September 2026 urea sales reached 711,000 tons, lifting market share to 38%.
  • Inventory normalized after competitor outages, and EnVen restarted on September 19, 2026.

What critics are saying

  • July 3 and September 7, 2026 maintenance shutdowns exposed fragile plant reliability.
  • Fauji Fertilizer keeps Pakistan's urea lead, pressuring Engro's pricing and market share.
  • 2027 SNGPL renewal negotiations and gas economics threaten production, margins, and plant viability.

What makes Engro Fertilizers unique

  • Engro Fertilizers runs Daharki and EnVen plants, giving Pakistan-wide supply redundancy.
  • UgAi and farmer education tie product sales to digital ordering and agronomy.
  • The company keeps paying large dividends, including Rs5.50 on October 19, 2026.

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Funding

Total Funding

$161.4M

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
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Company News

Trade Chronicle
Oct 24th, 2026
EFERT posts strong earnings growth, sees positive demand outlook.

EFERT posts strong earnings growth, sees positive demand outlook. Engro Fertilizers Limited (EFERT) delivered a strong financial performance during the third quarter of CY26, reporting a profit after tax of Rs9.1 billion, translating into earnings per share (EPS) of Rs6.8, up 57 percent from Rs5.8 billion (EPS: Rs4.4) recorded in the same period last year, according to details shared by the company and highlighted at its analyst briefing. AKD Securities, in its post-briefing review, said earnings growth was driven mainly by higher revenue, supported by a 21 percent year-on-year increase in urea sales volumes and higher fertilizer prices. Management informed analysts that EFERT's urea sales rose to 711,000 tons during 3QCY26, with market share improving to 38 percent from 34 percent a year earlier. The company attributed the increase to strategic planning, timely supply chain execution, and favorable farm economics. The company also announced a cash dividend of Rs5.50 per share, up from Rs4.50 per share in the corresponding quarter last year, and reiterated its commitment to maintaining healthy dividend payouts. According to AKD Securities, industry urea inventories stood at 654,000 tons at the end of September 2026, down from 1.16 million tons a year earlier, with EFERT accounting for 80 percent of total stocks. Management remained optimistic about urea demand and said it plans no discounts, expecting CY26 industry demand in the range of 6.0-6.5 million tons. Find Suppliers The research house noted that EFERT also recorded significant growth in DAP sales, which increased to 43,000 tons from 17,000 tons a year earlier, lifting market share to 15 percent from 5 percent. However, management highlighted continued pressure on DAP margins because there is limited room for further price increases. AKD Securities maintained its "Buy" recommendation on EFERT with a December 2026 target price of Rs264 per share, citing expected recovery in fertilizer demand, improving farm economics and easing inventory levels as key drivers of future growth.

Trade Chronicle
Oct 19th, 2026
Engro Fertilizers posts 57% growth in third-quarter profit on strong urea sales.

Engro Fertilizers posts 57% growth in third-quarter profit on strong urea sales. Engro Fertilizers Limited (EFERT) reported a net profit of PKR 9.1 billion for the third quarter ended September 2026, with earnings per share (EPS) of PKR 6.83, up 57 percent year-on-year, driven by strong fertilizer sales and a higher market share, according to AHL Research. The company announced a cash dividend of PKR 5.50 per share alongside the results, compared with PKR 4.50 per share in the corresponding period last year. According to the brokerage house, the relatively lower 80 percent payout ratio reflects a cautious capital allocation strategy amid potential liabilities. AHL Research noted that EFERT's net sales surged 45 percent year-on-year and 141 percent quarter-on-quarter in 3QCY26, supported by strong fertilizer offtakes. Urea sales jumped 175 percent quarter-on-quarter to 711,000 tonnes, driven by improved inventory availability and favorable farm economics. Industry-wide disruptions from transporter strikes, along with temporary shutdowns at competing plants operated by Fatima Fertilizer, Fauji Fertilizer Company (FFC), and Agritech, further boosted EFERT's volumes and market share. DAP sales also showed strong momentum, rising 168.4 percent year-on-year to 37,000 tonnes during the quarter. As a result, the company posted a 35 percent gross margin. The research house noted that EFERT gradually reduced its urea discount from PKR 400 per bag to PKR 150 per bag in January 2026 before withdrawing it completely in April, coinciding with the latest price increase. Distribution expenses increased 33 percent year-on-year to PKR 7 billion, mainly due to higher sales volumes and elevated fuel costs. Meanwhile, finance costs rose 90 percent to PKR 2.4 billion, reflecting financing for PEF-linked capital expenditure and higher inventory levels despite lower interest rates. On the balance sheet, inventory remained elevated at PKR 60 billion, while debt fell to PKR 83 billion from PKR 103 billion in the previous quarter. Cash and short-term investments stood at PKR 3.6 billion at the end of September 2026. According to AHL Research, EFERT is currently trading at CY26 and CY27 forward price-to-earnings multiples of 10.6x and 8.0x, respectively, indicating attractive valuation levels relative to its earnings outlook.

Trade Chronicle
Aug 5th, 2026
EFERT's urea sales declined by 40%YoY to 258k tons in 2Q due.

EFERT's urea sales declined by 40%YoY to 258k tons in 2Q due. * Post author:Siddiqi * Post published:August 5, 2026 * Post category:Agriculture / Fertilizer & Petrochemical Industries * Reading time:2 mins read Engro Fertilizers Ltd. (EFERT) held its analyst briefing today to discuss 2QCY26 financial results and the future outlook. The following are the key highlights from the briefing. * To recall, EFERT reported earnings of PkR3.8bn (EPS: PkR2.8), down 32%YoY from PkR5.6bn (EPS: PkR4.2) in SPLY, primarily due to lower offtakes; however, partially offset by a one-off remeasurement gain on the SIDC provision. * The company declared a dividend of PkR1.75/share vs. PkR4.25/share in SPLY, with a payout of 61% for the quarter vs. 102% in SPLY. Management noted that current quarter earnings include a non-cash SIDC component; excluding this, the payout is in line with previous levels. They reiterated their policy of maximizing cash returns to shareholders, with the lower payout reflecting a cautious stance amid the current geopolitical environment. * EFERT's urea sales declined by 40%YoY to 258k tons in 2Q due to higher prices vs peers (difference of ~PkR150/bag), with market share declining to 17% vs. 34% in SPLY. Courtesy: AKD Research Sharing is caring November 23, 2025 June 16, 2025 July 29, 2022

Mettis Global Link
Jul 30th, 2026
Engro Fertilizers profit falls 16%, declares Rs1.75 dividend.

Engro Fertilizers profit falls 16%, declares Rs1.75 dividend. MG News | July 30, 2026 at 09:55 AM GMT+05:00 July 30, 2026 (MLN): Engro Fertilizers Limited (PSX: EFERT) recorded a 16% decline in its net profit for the six months ended June 30, 2026, with profit for the period falling to Rs7.12m from Rs8.46m in the corresponding period last year. Showing this softer bottom-line, the company's earnings per share (EPS) contracted to Rs5.33 from Rs6.34 in 1HCY25. The top-line came under pressure, with net sales declining 12% year-on-year to Rs70.85m from Rs80.69m in the prior period. Cost of sales fell in near-equal proportion at 13% to Rs47.30m, though gross profit still declined 11% to Rs23.56m from Rs26.53m showing the impact of lower offtake or pricing on the overall margin. On the expenditure side, selling and distribution expenses rose 8% to Rs7.17m, moving against the revenue trend. Administrative expenses were cut by 16% to Rs2.53m, showing meaningful cost discipline. Other operating expenses declined 37% to Rs1.08m, and other income fell by half to Rs795,198 from Rs1.60m. Finance cost increased 15% to Rs3.29m from Rs2.86m, adding further pressure. A notable positive development was the emergence of other gains, which surged to Rs1.83m from Rs192,799 an increase of nearly ninefold. This was primarily driven by a remeasurement gain on provision for SIDC net of Rs1.80m, absent in the prior period. Gain on subsidy receivable from the Government of Pakistan declined 86% to Rs26,521. These combined dynamics pulled profit before taxation down 14% to Rs12.11m from Rs14.15m. Taxation declined 12% to Rs4.996m from Rs5.68m, though the proportional tax saving was insufficient to fully offset the pre-tax decline, resulting in the 16% fall in profit for the period. The Board of Directors has announced an interim cash dividend of Rs1.75 per share (17.5%) for the quarter ended June 30, 2026. This is in addition to the interim dividend of Rs2.00 per share (20%) already paid, bringing the total cash dividend declared for 1HFY26 to Rs3.75 per share. | STATEMENT OF PROFIT OR LOSS FOR THE SIX-MONTH ENDED JUNE 30, 2026 (Rupees) | | Description | 2026 | 2025 | Change (%) | | Net sales | 70,854,575 | 80,689,501 | -12.19% | | Cost of sales | (47,298,471) | (54,163,327) | -12.67% | | Gross profit | 23,556,104 | 26,526,174 | -11.20% | | Selling and distribution expenses | (7,170,353) | (6,616,234) | 8.38% | | Administrative expenses | (2,525,594) | (2,994,722) | -15.67% | | Other income | 795,198 | 1,599,588 | -50.29% | | Other operating expenses | (1,075,170) | (1,700,986) | -36.79% | | Finance cost | (3,294,527) | (2,858,823) | 15.24% | | Other gains: | / | / | / | | - Gain on subsidy receivable from GoP | 26,521 | 192,799 | -86.24% | | - Remeasurement gain on provision for SIDC - net | 1,802,257 | - | / | | / | 1,828,778 | 192,799 | 848.54% | | Profit before taxation | 12,114,436 | 14,147,796 | -14.37% | | Taxation | (4,995,614) | (5,684,133) | -12.11% | | Profit for the period | 7,118,822 | 8,463,663 | -15.89% | | Earnings per share - basic and diluted | 5.33 | 6.34 | -15.93% |

Trade Chronicle
Jul 30th, 2026
Engro Fertilizers posts Rs 7.1 bn 1 half-year profit amid lower sales.

Engro Fertilizers posts Rs 7.1 bn 1 half-year profit amid lower sales. * Post author:Siddiqi * Post published:July 30, 2026 * Post category:Agriculture / Fertilizer & Petrochemical Industries * Reading time:1 mins read Engro Fertilizers Limited has reported a profit of Rs 7.12 billion for the half-year ended June 30, 2026, marking a decline from Rs 8.46 billion earned in the same period last year, according to the company's unaudited consolidated interim statement of profit or loss. Despite the dip in profitability, the company maintained resilience amid challenging market conditions. Net sales fell to Rs 70.85 billion from Rs 80.69 billion a year earlier, reflecting reduced demand and pricing pressures in the fertilizer sector. The cost of sales also decreased to Rs 47.29 billion, resulting in a gross profit of Rs 23.56 billion, down from Rs 26.53 billion in 2025. Operating expenses rose slightly, with selling and distribution costs at Rs 7.17 billion and administrative expenses at Rs 2.53 billion. Other income stood at Rs 13.86 billion, while finance costs were trimmed to Rs 1.07 billion, compared to Rs 1.70 billion last year. The company recorded profit before taxation of Rs 12.11 billion, followed by taxation of Rs 4.99 billion, leading to the final net profit figure of Rs 7.12 billion. Discover more Phone Service Providers Geographic Reference Sharing is caring March 17, 2025 October 8, 2024 September 30, 2025

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