₹17 to ₹410: Fertilizer Stock Transforms ₹1 Lakh into ₹24 Lakhs in 5 Years

Madhya Bharat Agro Products has emerged as a multibagger stock, with its share price soaring from ₹17 to ₹410 in just five years. This remarkable growth translates to returns of approximately 2,288% for investors.

An investment of ₹1 lakh in Madhya Bharat Agro Products back in 2020 would have grown to nearly ₹24 lakh by today.

The company specializes in the manufacturing and marketing of fertilizers and essential chemicals, with a primary focus on phosphatic fertilizers. Its stock performance has delivered substantial returns to its shareholders.

On Friday, with a market capitalization of ₹3,590.51 crores, shares of Madhya Bharat Agro Products Limited experienced a jump of up to 1.2%, reaching a high of ₹411.85 per share compared to the previous day's closing price of ₹406.90. The shares ultimately closed at ₹409.75 at the end of the trading session.

Specifically, on December 12, 2025, the shares traded at ₹409.75, reflecting a gain of around 2,287.82% compared to the price of ₹17.16 on December 24, 2020. To illustrate, an investment of ₹1 lakh made five years prior would have increased to approximately ₹23.88 lakh.

**Madhya Bharat Agro Products: An Overview**

Madhya Bharat Agro Products Limited (MBAPL) is a key entity within the Ostwal Group of Industries. It stands as India’s exclusive manufacturer of complex fertilizers such as NPK/DAP and SSP, boasting an annual production capacity of approximately 0.5 million tonnes and complete backward integration. The company maintains a strong market presence.