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GNFC Overview

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is engaged in the commercial chemical merchandise, manufacturing and promoting of fertilizers, and IT offerings. The Company's segments comprises Fertilizers, Chemicals and Others. The Company is engaged in production and selling fertilizers, together with Urea and Nitrophosphate, under the NARMADA brand. The Company offers various fertilizers, including Neem De-Oiled cake, Diammonium Phosphate, urea, Ammonium Nitrophosphate, Narmada Neem Pesticides, Muriate of Potash, Single Super Phosphate an...Read More

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GNFC Key Financials

Market Cap ₹6262 Cr.

Stock P/E 10.7

P/B 0.7

Current Price ₹426.2

Book Value ₹ 598.7

Face Value 10

52W High ₹573.3

Dividend Yield 4.22%

52W Low ₹ 406.1

GNFC Share Price

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Volume
Price

GNFC Quarterly Price

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GNFC Peer Comparison

GNFC Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 2080 2088 2110 2021 1917 1899 2055 1601 1968 1996
Other Income 152 121 108 99 123 157 122 150 127 97
Total Income 2232 2209 2218 2120 2040 2056 2177 1751 2095 2093
Total Expenditure 1911 2004 1965 1868 1827 1767 1815 1570 1783 1815
Operating Profit 321 205 253 252 213 289 362 181 312 278
Interest 1 7 4 17 2 3 1 2 1 1
Depreciation 78 76 78 78 76 75 74 74 81 73
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 242 122 171 157 135 211 287 105 230 204
Provision for Tax 64 27 44 42 33 53 77 27 53 54
Profit After Tax 178 95 127 115 102 158 210 78 177 150
Adjustments 4 2 3 3 3 5 1 5 2 0
Profit After Adjustments 182 97 130 118 105 163 211 83 179 150
Adjusted Earnings Per Share 11.7 6.6 8.8 8 7.1 11.1 14.4 5.6 12.2 10.2

GNFC Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4642 4552 4589 5837 5896 5162 5129 8642 10227 7930 7892 7620
Other Income 52 252 225 142 221 153 239 210 308 413 449 496
Total Income 4693 4804 4814 5979 6117 5315 5367 8853 10535 8343 8341 8116
Total Expenditure 4332 3989 3936 4447 5028 4621 4127 6259 8295 7372 7225 6983
Operating Profit 361 815 878 1532 1089 694 1241 2593 2240 971 1116 1133
Interest 274 297 203 100 6 5 20 3 5 13 23 5
Depreciation 209 251 251 270 263 264 272 292 303 308 303 302
Exceptional Income / Expenses -330 0 292 0 0 0 0 0 0 0 0 0
Profit Before Tax -452 268 715 1162 819 425 948 2298 1932 651 790 826
Provision for Tax 0 95 194 372 78 -74 259 594 468 166 205 211
Profit After Tax -452 173 521 789 741 499 689 1704 1464 485 586 615
Adjustments 9 7 7 5 9 9 8 7 8 12 12 8
Profit After Adjustments -443 180 529 795 750 508 697 1710 1472 497 598 623
Adjusted Earnings Per Share -28.5 11.6 34 51.1 48.2 32.7 44.8 110.1 94.7 33.8 40.7 42.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -0% -3% 9% 5%
Operating Profit CAGR 15% -24% 10% 12%
PAT CAGR 21% -30% 3% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -12% -7% 7% 18%
ROE Average 7% 10% 13% 10%
ROCE Average 10% 13% 18% 14%

GNFC Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3645 3324 3855 4517 5065 5299 6068 7990 9105 8309 8576
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1527 1033 533 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 433 1413 1461 1533 1522 1319 1356 1376 1299 1282 1280
Total Current Liabilities 4484 4333 2107 1181 1022 1800 961 1368 1292 1081 1147
Total Liabilities 10089 10103 7956 7231 7609 8419 8385 10734 11696 10672 11003
Fixed Assets 4468 4367 4423 4142 3940 3792 3703 3561 3344 3201 3057
Other Non-Current Assets 1003 1267 1076 982 1181 978 1250 2279 3481 2989 2587
Total Current Assets 4618 4443 2457 2107 2488 3648 3432 4894 4871 4482 5359
Total Assets 10089 10103 7956 7231 7609 8419 8385 10734 11696 10672 11003

GNFC Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 164 8 -884 -565 -97 109 40 135 73 56 42
Cash Flow from Operating Activities 490 996 1445 1819 701 286 1884 1967 1373 31 605
Cash Flow from Investing Activities -284 36 -53 49 -310 -901 -856 -1899 -1229 1235 -466
Cash Flow from Financing Activities -363 -1037 -1073 -1400 -185 546 -934 -130 -160 -1281 -262
Net Cash Inflow / Outflow -156 -5 320 468 206 -69 95 -62 -16 -14 -123
Closing Cash & Cash Equivalent 8 3 -565 -97 109 40 135 73 56 42 -81

GNFC Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -28.5 11.57 34.02 51.15 48.24 32.69 44.84 110.05 94.68 33.83 40.68
CEPS(Rs) -15.65 27.25 49.72 68.2 64.61 49.11 61.87 128.39 113.69 53.92 60.46
DPS(Rs) 0 2 5 7.5 7 5 8 10 30 16.5 18
Book NAV/Share(Rs) 234.54 212.17 248.05 290.63 325.87 340.97 390.44 514.09 585.84 565.45 583.62
Core EBITDA Margin(%) 6.27 11.62 13.2 23.5 14.23 9.99 18.68 26.71 18.31 6.72 8.05
EBIT Margin(%) -3.6 11.65 18.57 21.32 13.53 7.93 18.06 25.8 18.36 7.99 9.81
Pre Tax Margin(%) -9.16 5.52 14.46 19.64 13.43 7.84 17.68 25.76 18.31 7.84 9.53
PAT Margin (%) -9.16 3.56 10.54 13.34 12.14 9.2 12.85 19.1 13.88 5.84 7.06
Cash Profit Margin (%) -4.93 8.74 15.63 17.91 16.45 14.08 17.93 22.37 16.75 9.54 10.71
ROA(%) -7.03 1.71 5.77 10.4 9.99 6.23 8.2 17.82 13.05 4.33 5.4
ROE(%) -18.59 4.97 14.58 18.86 15.47 9.63 12.13 24.24 17.13 5.57 6.94
ROCE(%) -3.93 8.13 15.04 23.73 16.36 7.53 15.84 32.74 22.66 7.62 9.58
Receivable days 67.1 106.97 95.84 68.84 70.58 89.32 65.45 23.21 17.17 21.84 23.09
Inventory Days 39.22 54.65 50.31 41.41 45.14 59.28 59.41 36.62 36.33 49.28 52.31
Payable days 35.37 42.78 50.17 55.21 52.37 60.54 71.56 47.98 44.83 44.57 40.98
PER(x) 0 7.06 8.45 7.12 6.36 3.51 6.7 7.67 5.38 18.47 12.2
Price/Book(x) 0.29 0.38 1.16 1.25 0.94 0.34 0.77 1.64 0.87 1.11 0.85
Dividend Yield(%) 0 2.45 1.74 2.06 2.28 4.36 2.66 1.18 5.89 2.64 3.63
EV/Net Sales(x) 1.05 0.96 1.4 1.02 0.8 0.48 0.63 1.38 0.58 0.97 0.64
EV/Core EBITDA(x) 13.51 5.35 7.31 3.88 4.36 3.53 2.6 4.61 2.64 7.88 4.56
Net Sales Growth(%) 89.35 -1.93 0.81 27.21 1.01 -12.44 -0.65 68.51 18.34 -22.46 -0.47
EBIT Growth(%) -132.92 417.86 62.73 37.36 -34.55 -47.91 125.12 137.7 -15.85 -65.74 22.56
PAT Growth(%) -238.53 138.2 201.89 51.44 -6.12 -32.69 38.15 147.2 -14.07 -66.89 20.78
EPS Growth(%) -234.27 140.6 194 50.33 -5.69 -32.24 37.19 145.41 -13.97 -64.27 20.26
Debt/Equity(x) 1.05 0.94 0.51 0.07 0.04 0.16 0 0 0 0 0.01
Current Ratio(x) 1.03 1.03 1.17 1.78 2.43 2.03 3.57 3.58 3.77 4.14 4.67
Quick Ratio(x) 0.86 0.86 0.85 1.21 1.62 1.51 2.73 2.86 2.9 3.11 3.57
Interest Cover(x) -0.65 1.9 4.51 12.65 129.43 81.61 48.53 665.18 368.21 53.01 35.44
Total Debt/Mcap(x) 3.65 2.44 0.44 0.05 0.04 0.48 0 0 0 0 0.01

GNFC Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 41.18 41.3 41.3 41.3 41.3 41.3 41.3 41.3 41.3 41.3
FII 18.64 20.11 19.4 19.19 16.15 15.41 15.03 12.67 12.08 12.13
DII 6.24 7.58 9.3 6.58 11.15 11.11 10.12 10.48 10.68 11.11
Public 33.94 31 30 32.93 31.39 32.18 33.54 35.54 35.93 35.46
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

GNFC News

GNFC Pros & Cons

Pros

  • Stock is trading at 0.7 times its book value
  • Debtor days have improved from 44.57 to 40.98days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 41.3%.
  • Company has a low return on equity of 10% over the last 3 years.
  • The company has delivered a poor profit growth of 3% over past five years.
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