GNFC - Gujarat Narmada Valley Fert.Co.Ltd Share Price

Chemicals & Petrochemicals

₹495.20+7.60(+1.56%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Gujarat Narmada Valley Fert.Co.Ltd do?

Commodity Chemicals•Chemicals•Small Cap

Gujarat Narmada Valley Fertilizers & Chemicals Limited manufactures and markets fertilizers and chemicals in India and internationally. It offers fertilizers, such as neem coated urea, ammonium nitro phosphate, neem de-oiled cake, diammonium phosphate, muriate of potash, single super phosphate, city compost, and neem pesticides under the NARMADA brand. The company also provides industrial chemicals, such as methanol, acetic acid, toluene di Ãƒâ€šÃ¢â‚¬â€œ isocyanate, aniline, concentrated nitric acid, weak nitric acid, formic acid, ammonium nitrate, ethyl acetate, methyl formate, calcium carbonate, nitrobenzene, catsol, and technical grade urea, as well as other products comprising hydrochloric acid, liquid nitrogen, ortho-toluene diamine, meta-toluene diamine, dilute sulphuric acid, dilute nitric acid, and sodium hypochlorite. In addition, it offers various information technology related hardware and software services The company was formerly known as Gujarat Narmada Valley Fertilizers Co. Ltd. Gujarat Narmada Valley Fertilizers & Chemicals Limited was incorporated in 1976 and is headquartered in Bharuch, India.

Industry Group:Chemicals & Petrochemicals

Employees:2,134

Website:www.gnfc.in

Income Statement for Gujarat Narmada Valley Fert.Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-0.9%	1,899	1,917	2,021	2,110	2,088	2,080
Other Income	27.9%	157	123	99	108	121	152
Total Income	0.8%	2,056	2,040	2,120	2,218	2,209	2,232
Cost of Materials	-6.2%	1,083	1,155	1,157	1,173	1,237	1,137
Purchases of stock-in-trade	21.1%	24	20	10	10	74	15
Employee Expense	12.6%	144	128	149	167	154	170
Finance costs	100%	3	2	17	4	7	1
Depreciation and Amortization	-1.3%	75	76	78	78	76	78
Other expenses	11.1%	571	514	547	567	598	596
Total Expenses	-3.2%	1,845	1,905	1,963	2,047	2,087	1,990
Profit Before exceptional items and Tax	56.7%	211	135	157	171	122	242
Total profit before tax	56.7%	211	135	157	171	122	242
Current tax	52.9%	53	35	45	65	37	72
Deferred tax	66.7%	0	-2	-3	-21	-10	-8
Total tax	62.5%	53	33	42	44	27	64
Total profit (loss) for period	55.4%	158	102	115	127	95	178
Other comp. income net of taxes	-192.9%	-64	71	10	-11	72	-145
Total Comprehensive Income	-45.9%	94	173	125	116	167	33
Earnings Per Share, Basic	64.1%	10.75	6.94	7.82	8.64	6.17	11.48
Earnings Per Share, Diluted	64.1%	10.75	6.94	7.82	8.64	6.17	11.48

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-22.5%	7,930	10,227	8,642	5,129	5,162	5,896
Other Income	30%	469	361	209	237	153	221
Total Income	-20.7%	8,399	10,588	8,852	5,366	5,315	6,117
Cost of Materials	-12.2%	4,383	4,994	3,899	2,225	2,734	2,848
Purchases of stock-in-trade	133.3%	141	61	39	14	16	17
Employee Expense	3.1%	625	606	468	451	513	524
Finance costs	200%	13	5	3.46	20	5.27	6.38
Depreciation and Amortization	1.7%	308	303	292	272	264	263
Other expenses	-17.1%	2,298	2,773	1,834	1,367	1,397	1,688
Total Expenses	-10.5%	7,748	8,656	6,554	4,418	4,890	5,297
Profit Before exceptional items and Tax	-66.3%	651	1,932	2,298	948	425	819
Total profit before tax	-66.3%	651	1,932	2,298	948	425	819
Current tax	-62.3%	205	542	618	278	76	110
Deferred tax	46.7%	-39	-74	-23.5	-18.77	-149.58	-32.26
Total tax	-64.7%	166	468	594	259	-74.07	78
Total profit (loss) for period	-66.9%	485	1,464	1,704	689	499	741
Other comp. income net of taxes	90.1%	-19	-201	336	150	-142.3	-61.53
Total Comprehensive Income	-63.2%	466	1,263	2,040	839	357	680
Earnings Per Share, Basic	-67.1%	31.7	94.45	109.62	44.35	32.1	47.69
Earnings Per Share, Diluted	-67.1%	31.7	94.45	109.62	44.35	32.1	47.69

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-0.9%	1,899	1,917	2,021	2,110	2,088	2,080
Other Income	27.9%	157	123	99	108	121	152
Total Income	0.8%	2,056	2,040	2,120	2,218	2,209	2,232
Cost of Materials	-6.2%	1,083	1,155	1,157	1,173	1,237	1,137
Purchases of stock-in-trade	21.1%	24	20	10	10	74	15
Employee Expense	12.6%	144	128	149	167	154	170
Finance costs	100%	3	2	17	4	7	1
Depreciation and Amortization	-1.3%	75	76	78	78	76	78
Other expenses	11.1%	571	514	547	567	598	596
Total Expenses	-3.2%	1,845	1,905	1,963	2,047	2,087	1,990
Profit Before exceptional items and Tax	56.7%	211	135	157	171	122	242
Total profit before tax	56.7%	211	135	157	171	122	242
Current tax	52.9%	53	35	45	65	37	72
Deferred tax	66.7%	0	-2	-3	-21	-10	-8
Total tax	62.5%	53	33	42	44	27	64
Total profit (loss) for period	55.8%	163	105	118	130	97	182
Other comp. income net of taxes	-192.9%	-64	71	10	-11	72	-145
Total Comprehensive Income	-44%	99	176	128	119	169	37
Earnings Per Share, Basic	64.3%	11.09	7.14	8.03	8.84	6.3	11.74
Earnings Per Share, Diluted	64.3%	11.09	7.14	8.03	8.84	6.3	11.74

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-22.5%	7,930	10,227	8,642	5,129	5,162	-
Other Income	30%	469	361	209	237	153	-
Total Income	-20.7%	8,399	10,588	8,852	5,366	5,315	-
Cost of Materials	-12.2%	4,383	4,994	3,899	2,225	2,734	-
Purchases of stock-in-trade	133.3%	141	61	39	14	16	-
Employee Expense	3.1%	625	606	468	451	513	-
Finance costs	200%	13	5	3.46	20	5.27	-
Depreciation and Amortization	1.7%	308	303	292	272	264	-
Other expenses	-17.1%	2,298	2,773	1,834	1,367	1,397	-
Total Expenses	-10.5%	7,748	8,656	6,554	4,418	4,890	-
Profit Before exceptional items and Tax	-66.3%	651	1,932	2,298	948	425	-
Total profit before tax	-66.3%	651	1,932	2,298	948	425	-
Current tax	-62.3%	205	542	618	278	76	-
Deferred tax	46.7%	-39	-74	-23.5	-18.77	-149.58	-
Total tax	-64.7%	166	468	594	259	-74.07	-
Total profit (loss) for period	-66.3%	497	1,472	1,710	697	508	-
Other comp. income net of taxes	90.1%	-19	-201	336	150	-142.3	-
Total Comprehensive Income	-62.4%	478	1,271	2,046	847	366	-
Earnings Per Share, Basic	-66.5%	32.48	94.97	110.05	44.84	32.69	-
Earnings Per Share, Diluted	-66.5%	32.48	94.97	110.05	44.84	32.69	-

Valuation
Market Cap	7.28 kCr
Price/Earnings (Trailing)	14.1
Price/Sales (Trailing)	0.86
EV/EBITDA	7.23
Price/Free Cashflow	-36.57
MarketCap/EBT	10.8

Fundamentals
Revenue (TTM)	8.43 kCr
Rev. Growth (Yr)	-6.93%
Rev. Growth (Qtr)	0.78%
Earnings (TTM)	516 Cr
Earnings Growth (Yr)	68.04%
Earnings Growth (Qtr)	55.24%

Profitability
Operating Margin	7.99%
EBT Margin	7.99%
Return on Equity	6.16%
Return on Assets	4.76%
Free Cashflow Yield	-2.73%

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	GNFC	Chemicals
PE	13.89	42.95
PS	0.85	1.26
Growth	-1.6 %	2.5 %

Investor Care
Dividend Yield	9.32%
Dividend/Share (TTM)	46.5
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	35.1

Financial Health
Current Ratio	3.77
Debt/Equity	0.01
Debt/Cashflow	32

Summary of Latest Earnings Report from Gujarat Narmada Valley Fert.Co.

Summary of Gujarat Narmada Valley Fert.Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Nov 24

The management of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) provided the following outlook and key points during their Q2 FY2024-25 earnings call:

Outlook:

H2 FY2024-25 Expectations: Anticipated improvement in performance due to higher production volumes and no major plant downtimes (unlike H1, which saw shutdowns at Dahej). Chemical segment contributions are expected to stabilize with normalized realizations.
CAPEX Projects: Three ongoing projects worth Rs.2,200 crore: weak nitric acid plant (Rs.1,400 crore), ammonia make-up loop (Rs.227 crore), and coal-based power plant (Rs.613 crore). A decision on the ammonium nitrate melt project is expected by January 2025.
Strategic Initiatives: Kearney consultants are advising on future investment strategies and operational efficiency improvements to boost profitability.

Major Points:

Operational Challenges:
- Dahej TDI Plant: Production loss of ~14,000 MT in Q2 due to shutdowns, impacting chemical segment revenue and contribution (Rs.170 crore revenue loss, Rs.62 crore contribution loss).
- Chemical Segment Pressures: Weak demand for aniline, monsoon-related disruptions in ammonium nitrate (AN melt), and competitive pricing affected realizations.
Fertilizer Performance:
- Strong volume growth in complex fertilizers and urea, supported by full Dahej plant operations. Subsidy inflows remain consistent.
Financial Highlights:
- Cost Reductions: Lower personnel costs (provision write-backs), reduced catalyst expenses, and Rs.15 crore savings in finance costs.
- Segment Results: Fertilizer revenue rose, while chemical segment revenue declined.
Policy & Subsidies:
- Revised energy norms (effective April 2025) and urea fixed-cost revisions under discussion with the government.
Balance Sheet:
- Dividend outflows (Rs.230 crore) and CAPEX advances (Rs.190 crore). Cash reserves remain robust but include non-liquid investments (e.g., equity holdings).

The management remains focused on stabilizing chemical operations, leveraging CAPEX for growth, and improving margins through strategic initiatives. No specific guidance was provided on urea subsidy adjustments.

Q&A Session

Last updated: Nov 24

1. What was the volume lost at the Dahej TDI-II plant in Q2?
The Dahej TDI-II plant lost approximately 14,000 metric tons in Q2, with total production at 5,000 metric tons (entirely from TDI-I). Cumulative volume loss from June 2024 onward was 16,000 metric tons.

2. What was the PBT loss for TDI in Q2?
The PBT loss for Dahej TDI operations in Q2 was around Rs.62 crores due to reduced contribution and Rs.170 crore lower realizations. Combined with Q1's Rs.59 crore loss, total losses reached ~Rs.121 crore over H1.

3. When will the CNA plant achieve optimal utilization?
The CNA plant is expected to operate at 90"“100% capacity post-Dahej turnaround. Current utilization was lower due to captive demand shifts. Weak nitric acid (WNA) sales (21,000 tons in Q2) were prioritized for better realizations.

4. How is ammonia production allocated between fertilizers and chemicals?
Ammonia production is split ~58% for fertilizers and ~42% for chemicals. No external ammonia was sold; some was procured internally. Annual oil consumption for ammonia ranges 250,000"“270,000 metric tons, with prices stable despite crude volatility.

5. What is the methanol production outlook?
Methanol production totaled 66,000 metric tons in H1. Future output depends on natural gas prices and market realizations, with no fixed breakeven gas cost disclosed.

6. What is the status of ongoing CAPEX projects?
Of the Rs.2,200 crore CAPEX, Rs.250 crore was spent on the coal-based power plant (Rs.613 crore total), Rs.190 crore advanced for weak nitric acid expansion, and minimal spent on the ammonia loop (Rs.227 crore total).

7. How do cash reserves and subsidies impact financials?
Cash reserves stand at ~Rs.2,000 crore, with Rs.1,100 crore in non-liquid equity. Fixed-cost subsidy revisions (under government discussion) could improve fertilizer margins, but impact remains uncertain.

Description	Share	Value
Chemicals	62.0%	1.2 kCr
Fertilizers	37.0%	702 Cr
Others	1.0%	19 Cr
Total		1.9 kCr

Shareholder Name	Holding %
GUJARAT STATE INVESTMENTS LIMITED	21.44%
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED	19.86%
ICICI PRUDENTIAL MULTI-ASSET FUND	7.75%
STATE OF WISCONSIN INVESTMENT BOARD - SELF MANAGED	1.57%
Other	0%
Overseas Corporate Bodies	0%

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
COROMANDEL	Coromandel InternationalFertilizers	65.92 kCr	23.33 kCr	+12.89%	+88.90%	40.19	2.83	-2.06%	-4.82%
NATIONALUM	National Aluminium Co.Aluminium	29.36 kCr	15.41 kCr	-8.92%	-15.37%	7	1.9	+14.49%	+182.33%
CHAMBLFERT	Chambal Fertilisers & ChemicalsFertilizers	27.68 kCr	17.06 kCr	+10.46%	+63.40%	17.13	1.62	-10.89%	+26.94%
DEEPAKFERT	Deepak Fertilizers &PetrochemicalsCommodity Chemicals	16.59 kCr	9.8 kCr	+17.71%	+111.54%	18.71	1.69	+3.66%	+79.09%
RCF	Rashtriya Chemicals & FertilizersFertilizers	7.7 kCr	17.23 kCr	+11.21%	-8.16%	29.04	0.45	-4.00%	-8.43%

Balance Sheet for Gujarat Narmada Valley Fert.Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-61.9%	17	43	34	56	166	73
Current investments	-47%	353	665	653	321	47	65
Loans, current	6.8%	395	370	665	816	2,166	1,867
Total current financial assets	-2.7%	3,194	3,283	4,390	3,632	5,021	3,791
Inventories	1.3%	1,133	1,119	1,013	1,123	993	977
Total current assets	-1.4%	4,421	4,482	5,519	4,871	6,130	4,878
Property, plant and equipment	-1.8%	2,917	2,970	3,063	3,109	3,233	3,539
Capital work-in-progress	-8%	266	289	186	186	108	138
Investment property	0%	37	37	37	38	38	17
Non-current investments	3%	2,321	2,254	2,474	2,785	1,448	1,157
Loans, non-current	9.5%	151	138	116	115	111	661
Total non-current financial assets	3.3%	2,490	2,410	2,611	2,998	1,581	1,932
Total non-current assets	3.8%	6,308	6,079	6,372	6,726	5,297	5,749
Total assets	1.6%	10,729	10,561	11,891	11,597	11,427	10,627
Total non-current financial liabilities	-40%	4	6	7	6	6	6.09
Provisions, non-current	7.6%	527	490	384	372	320	310
Total non-current liabilities	1.5%	1,301	1,282	1,227	1,299	1,335	1,376
Borrowings, current	-	77	1	171	0	6	0.07
Total current financial liabilities	6.6%	925	868	1,561	916	1,274	1,049
Provisions, current	21.6%	63	52	220	200	63	38
Current tax liabilities	-	0	0	0	0	68	36
Total current liabilities	8.6%	1,174	1,081	1,941	1,292	1,602	1,351
Total liabilities	4.7%	2,475	2,363	3,168	2,591	2,937	2,728
Equity share capital	0%	147	147	155	155	155	155
Total equity	0.7%	8,254	8,198	8,723	9,006	8,490	7,899
Total equity and liabilities	1.6%	10,729	10,561	11,891	11,597	11,427	10,627

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-61.9%	17	43	34	56	166	73
Current investments	-47%	353	665	653	321	47	65
Loans, current	6.8%	395	370	665	816	2,166	1,867
Total current financial assets	-2.7%	3,194	3,283	4,390	3,632	5,021	3,791
Inventories	1.3%	1,133	1,119	1,013	1,123	993	977
Total current assets	-1.4%	4,421	4,482	5,519	4,871	6,130	4,878
Property, plant and equipment	-1.8%	2,917	2,970	3,063	3,109	3,233	3,539
Capital work-in-progress	-8%	266	289	186	186	108	138
Investment property	0%	37	37	37	38	38	17
Non-current investments	3.1%	2,438	2,365	2,580	2,884	1,543	1,248
Loans, non-current	9.5%	151	138	116	115	111	661
Total non-current financial assets	3.4%	2,607	2,521	2,717	3,097	1,676	2,023
Total non-current assets	3.8%	6,425	6,190	6,478	6,825	5,392	5,840
Total assets	1.6%	10,846	10,672	11,997	11,696	11,522	10,718
Total non-current financial liabilities	-40%	4	6	7	6	6	6.09
Provisions, non-current	7.6%	527	490	384	372	320	310
Total non-current liabilities	1.5%	1,301	1,282	1,227	1,299	1,335	1,376
Borrowings, current	-	77	1	171	0	6	0.07
Total current financial liabilities	6.6%	925	868	1,561	916	1,274	1,049
Provisions, current	21.6%	63	52	220	200	63	38
Current tax liabilities	-	0	0	0	0	68	36
Total current liabilities	8.6%	1,174	1,081	1,941	1,292	1,602	1,351
Total liabilities	4.7%	2,475	2,363	3,168	2,591	2,937	2,728
Equity share capital	0%	147	147	155	155	155	155
Total equity	0.7%	8,371	8,309	8,829	9,105	8,585	7,990
Total equity and liabilities	1.6%	10,846	10,672	11,997	11,696	11,522	10,718

Cash Flow for Gujarat Narmada Valley Fert.Co.

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	350%	10	3	1.66
Change in inventories	88.2%	-17	-152	-176.74
Depreciation	1.7%	308	303	292
Unrealised forex losses/gains	0%	-1	-1	0.91
Dividend income	211.1%	29	10	4.85
Adjustments for interest income	44.4%	336	233	119
Net Cashflows from Operations	-87.6%	244	1,958	2,594
Income taxes paid (refund)	-63.9%	212	585	628
Net Cashflows From Operating Activities	-97.7%	32	1,373	1,967
Proceeds from sales of PPE	0%	2	2	0.46
Purchase of property, plant and equipment	45.3%	251	173	138
Dividends received	211.1%	29	10	9.27
Interest received	104%	358	176	96
Other inflows (outflows) of cash	188%	1,097	-1,244	-1,866.55
Net Cashflows From Investing Activities	200.3%	1,235	-1,229	-1,898.76
Payments to acquire or redeem entity's shares	-	653	0	0
Proceeds from borrowings	-108.3%	0	13	0.33
Repayments of borrowings	-108.3%	0	13	0.33
Dividends paid	202.6%	461	153	123
Interest paid	350%	10	3	1.63
Other inflows (outflows) of cash	-2533.3%	-157	-5	-5.61
Net Cashflows from Financing Activities	-691.4%	-1,281	-161	-130.27
Net change in cash and cash eq.	16.7%	-14	-17	-62.37

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	350%	10	3	1.66
Change in inventories	88.2%	-17	-152	-176.74
Depreciation	1.7%	308	303	292
Unrealised forex losses/gains	0%	-1	-1	0.91
Dividend income	211.1%	29	10	4.85
Adjustments for interest income	44.4%	336	233	119
Net Cashflows from Operations	-87.6%	244	1,958	2,594
Income taxes paid (refund)	-63.9%	212	585	628
Net Cashflows From Operating Activities	-97.7%	32	1,373	1,967
Proceeds from sales of PPE	0%	2	2	0.46
Purchase of property, plant and equipment	45.3%	251	173	138
Dividends received	211.1%	29	10	9.27
Interest received	104%	358	176	96
Other inflows (outflows) of cash	188%	1,097	-1,244	-1,866.55
Net Cashflows From Investing Activities	200.3%	1,235	-1,229	-1,898.76
Payments to acquire or redeem entity's shares	-	653	0	0
Proceeds from borrowings	-108.3%	0	13	0.33
Repayments of borrowings	-108.3%	0	13	0.33
Dividends paid	202.6%	461	153	123
Interest paid	350%	10	3	1.63
Other inflows (outflows) of cash	-2533.3%	-157	-5	-5.61
Net Cashflows from Financing Activities	-691.4%	-1,281	-161	-130.27
Net change in cash and cash eq.	16.7%	-14	-17	-62.37

GNFC - Gujarat Narmada Valley Fert.Co.Ltd Share Price

What does Gujarat Narmada Valley Fert.Co.Ltd do?

Income Statement for Gujarat Narmada Valley Fert.Co.

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sector Comparison: GNFC vs Chemicals & Petrochemicals

Comparative Metrics

Performance Comparison

Investor Care

Financial Health

Summary of Latest Earnings Report from Gujarat Narmada Valley Fert.Co.

Revenue Breakdown

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Is Gujarat Narmada Valley Fert.Co. Better than it's peers?

Balance Sheet for Gujarat Narmada Valley Fert.Co.

Cash Flow for Gujarat Narmada Valley Fert.Co.