Gujarat Narmada Valley Fertilizers & Chemicals Ltd logo

Gujarat Narmada Valley Fertilizers & Chemicals Ltd

GNFC NSE

Key Fundamentals

MicrocapCommodity ChemicalsChemicals
Market Cap
₹8,846 Cr
Volatility
High Risk
P/E Ratio
8.65
EBITDA
₹879 Cr
Return on Equity
6.83%
Debt to Equity
0
Book Value
₹620.31
EPS
₹35.86
52W High
₹616
52W Low
₹365

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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45 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.97 times its book value
  • Stock is providing a good dividend yield of 3.50%.
  • Company has been maintaining a healthy dividend payout of 43.7%

Weaknesses

4
  • The company has delivered a poor sales growth of 8.67% over past five years.
  • Company has a low return on equity of 7.32% over last 3 years.
  • Earnings include an other income of Rs.450 Cr.
  • Working capital days have increased from 102 days to 188 days

Growth Rate

Revenue Growth
-7.39% ↘
Net Income Growth
28.61% ↗
Cash Flow Change
1834.72% ↗
ROE
17.15% ↗
ROCE
19.22% ↗
EBITDA Margin (Avg.)
-20.08% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 42d ago
AI opinion · based on fundamentals
Risk high

GNFC trades at a P/E of 9.6x and 0.85x book value with a market cap of Rs.7,749 Cr, offering a 3.4% dividend yield. The company is nearly debt-free but faces declining sales (3-year CAGR of -9%) and deteriorating working capital efficiency, while TTM profit grew 35% aided partly by other income of Rs.499 Cr.

Bull Case 8
  • Stock trades at 0.85x book value, below intrinsic asset value, indicating potential margin of safety for value-oriented investors
  • Company is almost debt-free, reducing financial risk and interest burden in a cyclical commodity business
  • Dividend yield of 3.40% with a healthy payout ratio of 43.7%, providing consistent cash returns to shareholders
  • P/E ratio of 9.6x is significantly below broader market multiples, suggesting compressed valuation relative to earnings
  • TTM compounded profit growth of 35% shows a sharp earnings recovery from the recent trough
  • 10-year compounded profit CAGR of 16% demonstrates long-term earnings growth capability through commodity cycles
  • 10-year stock CAGR of 13% indicates sustained long-term wealth creation despite recent weakness
  • 5-year compounded sales CAGR of 9% shows the company can grow revenue across a full cycle
Bear Case 8
  • 3-year compounded sales CAGR of -9% signals a sustained revenue decline, not just a one-year blip
  • Working capital days have increased sharply from 102 to 188 days, indicating deteriorating cash conversion and potential inventory/receivables buildup
  • Earnings include other income of Rs.499 Cr, meaning core operating profit quality is weaker than headline numbers suggest
  • 3-year ROE of only 7% reflects poor capital efficiency despite being debt-free, underutilizing balance sheet capacity
  • 3-year compounded profit CAGR of -18% shows a significant earnings erosion over the medium term
  • 1-year stock return of -5% and 3-year CAGR of -4% indicate persistent negative market sentiment
  • Last year ROE of 9% remains well below the 10-year average of 13%, suggesting the business has not returned to normalised profitability
  • TTM sales growth of -2% shows revenue contraction continues into the most recent period

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 42d ago
Neutral 1
  • ED re-appointed for six months Jun 12

    GNFC re-appointed Pankaj Kanaiyalal Purohit as Executive Director for a six-month term starting June 12, 2026, ensuring management continuity.

TL;DR: Limited recent news flow for GNFC. The only development is a routine executive re-appointment, signaling stable management continuity. No material positives or headwinds emerged in this period. Watch for upcoming quarterly results and fertilizer subsidy policy updates for directional cues.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,652
2,080
2,088
2,110
2,021
1,917
1,899
2,055
1,601
1,968
1,996
2,208
2,238
Expenses
1,547
1,911
2,004
1,965
1,868
1,827
1,767
1,815
1,570
1,783
1,815
1,726
1,845
Operating Profit
105
169
84
145
153
90
132
240
31
185
181
482
393
OPM %
6%
8%
4%
7%
8%
4.7%
7%
12%
1.9%
9%
9%
22%
18%
Other Income
88
152
121
108
99
123
157
122
150
127
97
125
101
Interest
1
1
7
4
17
2
3
1
2
1
1
2
2
Depreciation
76
78
76
78
78
76
75
74
74
81
73
79
76
PBT
116
242
122
171
157
135
211
287
105
230
204
526
416
Tax %
27%
26%
22%
26%
27%
24%
25%
27%
26%
23%
26%
25%
25%
Net Profit
88
182
97
130
118
105
163
211
83
179
150
396
312
EPS in Rs
5.66
11.71
6.6
8.85
8.03
7.15
11.09
14.36
5.65
12.18
10.21
26.95
21.23
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
4,642
4,552
4,589
5,837
5,896
5,162
5,129
8,642
10,227
7,930
7,892
7,773
8,410
Expenses
4,662
3,989
4,228
4,445
5,022
4,621
4,125
6,259
8,348
7,428
7,277
6,894
7,169
Operating Profit
-21
563
361
1,392
874
542
1,003
2,384
1,879
502
615
879
1,241
OPM %
-0.4%
12%
8%
24%
15%
10%
20%
28%
18%
6%
8%
11%
15%
Other Income
52
252
809
140
215
153
237
209
361
469
501
499
450
Interest
274
297
203
100
6
5
20
3
5
13
23
6
6
Depreciation
209
251
251
270
263
264
272
292
303
308
303
307
309
PBT
-452
268
715
1,162
819
425
948
2,298
1,932
651
790
1,065
1,376
Tax %
0%
35%
27%
32%
10%
-17%
27%
26%
24%
26%
26%
25%
—
Net Profit
-443
180
529
795
750
508
697
1,710
1,472
497
598
808
1,037
EPS in Rs
-28.5
11.57
34.02
51.15
48.24
32.69
44.84
110
94.68
33.83
40.68
54.99
70.57
Div. Payout %
0%
17%
15%
15%
15%
15%
18%
9%
32%
49%
44%
38%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
155
155
155
155
155
155
155
155
155
147
147
147
Reserves
2,364
3,168
3,700
4,362
4,909
5,144
5,913
7,835
8,950
8,162
8,429
8,968
Borrowings
3,844
3,101
1,959
303
208
860
4
2
2
3
106
6
Other Liabilities
2,164
2,130
2,142
2,411
2,337
2,261
2,321
2,764
2,613
2,405
2,366
2,238
Total Liabilities
8,527
8,555
7,956
7,231
7,609
8,421
8,394
10,755
11,720
10,717
11,047
11,359
Fixed Assets
4,468
4,367
4,442
4,161
3,959
3,810
3,720
3,578
3,381
3,238
3,094
2,881
CWIP
13
9
14
14
25
82
161
138
187
289
382
900
Investments
184
775
816
785
799
673
938
1,313
3,205
3,030
2,304
1,692
Other Assets
3,861
3,404
2,683
2,271
2,826
3,856
3,575
5,727
4,946
4,160
5,268
5,886
Total Assets
8,527
8,555
7,956
7,231
7,609
8,421
8,394
10,755
11,720
10,717
11,047
11,359
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
490
996
1,445
1,819
701
286
1,884
1,967
1,373
31
605
654
Investing
-284
36
-53
49
-310
-901
-856
-1,899
-1,229
1,235
-466
-231
Financing
-363
-1,037
-1,073
-1,400
-185
546
-934
-130
-160
-1,281
-262
-269
Net Cash Flow
-156
-5
320
468
206
-69
95
-62
-16
-14
-123
154
Free Cash Flow
207
931
1,358
1,850
603
155
1,669
1,829
1,202
-218
154
108
CFO/OP
-2,423
179
422
146
93
62
210
109
104
49
128
111
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
107
119
88
70
77
100
36
26
13
29
20
30
Inventory Days
98
107
110
98
106
125
129
91
84
94
105
92
Days Payable
39
40
57
61
50
68
63
59
42
42
40
41
Cash Conversion Cycle
166
186
142
107
132
156
103
58
55
81
84
81
Working Capital Days
9
8
27
57
76
117
68
97
46
58
61
188
ROCE %
—
9%
10%
24%
16%
8%
16%
33%
23%
8%
10%
12%

Shareholding Pattern

As of Jun 2026
Promoters 41.30%
Public 26.38%
FIIs 13.11%
DIIs 11.02%
Others 8.19%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
41.18%
41.18%
41.18%
41.18%
41.18%
41.18%
41.18%
41.18%
41.18%
41.18%
41.18%
41.30%
41.30%
41.30%
41.30%
41.30%
41.30%
41.30%
41.30%
41.30%
41.30%
41.30%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
18.64%
20.11%
19.40%
19.19%
16.15%
15.41%
15.03%
12.67%
12.09%
12.13%
12.05%
13.11%
DIIs
11.19%
10.27%
7.26%
6.56%
5.13%
5.27%
4.29%
4.76%
4.98%
3.98%
6.24%
7.58%
9.30%
6.58%
11.15%
11.11%
10.13%
10.49%
10.69%
11.12%
11.06%
11.02%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
28.87%
28.71%
28.55%
26.62%
23.93%
23.66%
24.12%
25.79%
26.54%
27.09%
26.58%
23.85%
23.06%
24.45%
24.34%
24.87%
25.84%
27.64%
27.97%
27.43%
27.37%
26.38%
Others
18.75%
19.84%
23.01%
25.64%
29.76%
29.88%
30.40%
28.27%
27.30%
27.74%
7.36%
7.15%
6.94%
8.48%
7.05%
7.31%
7.69%
7.89%
7.95%
8.02%
8.22%
8.19%
No. of Shareholders
0
2,31,451
2,38,854
2,31,062
2,25,727
2,31,593
2,44,794
2,56,819
2,75,212
2,76,030
2,76,128
2,57,362
2,53,003
2,63,160
2,67,079
2,73,572
2,68,629
2,72,575
2,75,857
2,71,480
2,65,793
2,60,335

Documents

Frequently Asked Questions about Gujarat Narmada Valley Fertilizers & Chemicals Ltd

What does Gujarat Narmada Valley Fertilizers & Chemicals Ltd do?
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Gujarat State Investments Limited (GSIL), a Government of Gujarat undertaking, and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). The company was set up in Bharuch in 1976 while its ...
Where is Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) listed?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd is listed on the Indian stock exchanges. It is listed on NSE: GNFC and BSE: 500670. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Gujarat Narmada Valley Fertilizers & Chemicals Ltd belong to?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd operates in the Chemicals sector within the Commodity Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd has a market capitalisation of approximately ₹8845.83 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
The Price-to-Earnings (PE) ratio of Gujarat Narmada Valley Fertilizers & Chemicals Ltd is 8.65. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
Over the past 52 weeks, Gujarat Narmada Valley Fertilizers & Chemicals Ltd has traded between a low of ₹365 and a high of ₹616. This range helps investors understand the stock's price volatility and recent trading levels.
Does Gujarat Narmada Valley Fertilizers & Chemicals Ltd pay dividends?
Yes, Gujarat Narmada Valley Fertilizers & Chemicals Ltd has a dividend yield of 3.50%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd has a Return on Equity (ROE) of 6.83%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Gujarat Narmada Valley Fertilizers & Chemicals Ltd on Tapetide?
On Tapetide, you can view Gujarat Narmada Valley Fertilizers & Chemicals Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Gujarat State Investments Limited (GSIL), a Government of Gujarat undertaking, and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). The company was set up in Bharuch in 1976 while its manufacturing and marketing operations were started in 1982. The company operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services. In the chemical segment, it has a product portfolio of various bulk chemicals that are used in industries for manufacturing various specialty chemicals as well as end products.

Website gnfc.in
CEO Mr. Rajkumar Beniwal I.A.S.
Employees 1,997
Listed 1995-05-17
Face Value ₹ 10
Issued Size 14,69,40,683

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