Gujarat Narmada Valley Fertilizers and Chemicals Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 7.1x vs industry 37x)
- Trading below book value (P/B 0.8x)
- Virtually debt-free
- Regular dividends — yield 4.2%
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| SOLARINDS Solar Industries India Limited | ₹19,240 | ₹1.7L Cr | 83.4 | 27.72 | 32.6 | 38.1 | 0.17 |
| PIDILITIND Pidilite Industries Limited | ₹1,390 | ₹1.5L Cr | 57.2 | 13.11 | 23.9 | 31 | 0.05 |
| SRF SRF Limited | ₹2,350 | ₹68K Cr | 29 | 4.55 | 14.3 | 14.6 | 0.35 |
| COROMANDEL Coromandel International Limited | ₹— | ₹51K Cr | 27.1 | 4.12 | 16.4 | 22 | 0.11 |
| LINDEINDIA Linde India Limited | ₹— | ₹49K Cr | 89.3 | 15.49 | 13.6 | 18.2 | 0.02 |
| FLUOROCHEM Gujarat Fluorochemicals Limited | ₹— | ₹47K Cr | 75.3 | 5.25 | 7.82 | 9.64 | 0.29 |
| FACT Fertilizers and Chemicals Travancore Limited | ₹— | ₹43K Cr | 2,930 | 41 | 1.61 | 8.65 | 2.79 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
GNFC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 41.30% | 41.30% | 41.30% | 41.30% | 41.30% | 41.30% |
| FII | 20.11% | 19.40% | 19.18% | 16.15% | 15.41% | 15.03% |
| DII | 7.58% | 9.30% | 6.58% | 11.16% | 11.10% | 10.14% |
| Public | 31.00% | 29.99% | 32.93% | 31.38% | 32.18% | 33.53% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
Dividend - Rs 21 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
Dividend - Rs 18 Per Share
Annual General Meeting
Dividend - Rs 16.50 Per Share
Buy Back
Annual General Meeting/Dividend - Rs 30 Per Share
Latest News
All newsGNFC appoints new managing director amid leadership reshuffle
*GNFC appoints new managing director amid leadership reshuffle*. The company has announced a change in its top management, with the new appointment effective immediately. The move follows a routine board reshuffle and is part of succession planning. No financial terms or strategic shifts were disclosed. 📊 *STOCKS:* GNFC | 🏢 *SECTOR:* Corporate | #MEDIUMIMPACT #ManagementChange
GNFC informs shareholders on general updates
*GNFC informs shareholders on general updates.* The company filed routine corporate updates with the NSE, though no specific financial or operational details were disclosed. Such filings are typically administrative or procedural in nature. Investors await further clarity on any material developments. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Corporate
GNFC notifies special window for demat of physical shares
*GNFC notifies shareholders of a special window for transferring and dematerialising physical securities.* This facilitates easier trading and compliance with SEBI norms. The move aims to boost shareholder convenience and promote paperless holdings. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Dematerialisation
GNFC notifies special window for demat of physical shares
*GNFC notifies special window for demat of physical shares*. The company has announced a special window for transfer and dematerialisation of physical securities. This facility allows investors to convert physical shares into electronic form. The move aims to improve ease of trading and compliance. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Demat
ESG Risk Assessments assigns ESG ratings to GNFC
*ESG Risk Assessments & Insights Limited has assigned ESG ratings to GNFC.* This reflects a routine corporate update on sustainability parameters. No financial or operational impact is indicated. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* Corporate | #LOWIMPACT #ESG
GNFC publishes newspaper notice for board meeting.
*GNFC publishes newspaper notice for board meeting.* The company released a copy of a newspaper publication regarding an upcoming board meeting scheduled for September 16, 2026, at 03:00 PM IST via VC/OAVM. This is a routine corporate disclosure with no immediate financial figures or decisions announced. Such notices are standard prior to board deliberations on strategic matters. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Corporate
GNFC updates analysts on recent performance and outlook
*GNFC updates analysts on recent performance and outlook.* The company held an investor meet to discuss operational highlights and future strategy. No major financial figures or strategic shifts were disclosed. The session focused on QoQ business continuity and market conditions. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #GNFC
GNFC issues general updates to shareholders via newspaper advertisement
*GNFC issues general updates to shareholders via newspaper advertisement.* This is a routine disclosure as per regulatory requirements. No **financial figures** or **strategic announcements** were disclosed. The move ensures wider dissemination of information to stakeholders. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #ShareholderUpdate
GNFC publishes statutory notice in newspaper
*GNFC publishes statutory notice in newspaper.* This is a routine compliance requirement under corporate regulations. No financial or operational details were disclosed. Such filings are standard and do not impact trading decisions. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #Statutory
GNFC asks physical shareholders to update KYC
*GNFC asks physical shareholders to update KYC.* The company has issued a notice requesting physical shareholders to furnish KYC details to remain compliant. This is a routine regulatory update aimed at ensuring adherence to SEBI norms. No financial impact is expected from this notice. 📊 *STOCKS:* $GNFC | 🏢 *SECTOR:* Chemicals | #LOWIMPACT #KYC
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.2K Cr 10.6% | ₹2.0K Cr 1.4% | ₹2.0K Cr 22.9% | ₹1.6K Cr 22.1% | ₹2.1K Cr 8.2% | ₹1.9K Cr 0.9% | ₹1.9K Cr 5.1% | ₹2.0K Cr |
| Op. Profit | ₹482 Cr 166.3% | ₹181 Cr 2.2% | ₹185 Cr 496.8% | ₹31 Cr 87.1% | ₹240 Cr 81.8% | ₹132 Cr 46.7% | ₹90 Cr 41.2% | ₹153 Cr |
| OPM | 22.0% 144.4% | 9.0% 0.0% | 9.0% 373.7% | 1.9% 84.2% | 12.0% 71.4% | 7.0% 48.9% | 4.7% 41.3% | 8.0% |
| Net Profit | ₹396 Cr 164.0% | ₹150 Cr 16.2% | ₹179 Cr 115.7% | ₹83 Cr 60.7% | ₹211 Cr 29.4% | ₹163 Cr 55.2% | ₹105 Cr 11.0% | ₹118 Cr |
| EPS (₹) | 26.95 164.0% | 10.21 16.2% | 12.18 115.6% | 5.65 60.7% | 14.36 29.5% | 11.09 55.1% | 7.15 11.0% | 8.03 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹7.8K Cr 1.5% | ₹7.9K Cr 0.5% | ₹7.9K Cr 22.5% | ₹10.2K Cr 18.3% | ₹8.6K Cr 68.5% | ₹5.1K Cr 0.6% | ₹5.2K Cr 12.4% | ₹5.9K Cr 1.0% | ₹5.8K Cr 27.2% | ₹4.6K Cr |
| Expenses | ₹6.9K Cr 5.2% | ₹7.3K Cr 2.0% | ₹7.4K Cr 11.0% | ₹8.3K Cr 33.4% | ₹6.3K Cr 51.7% | ₹4.1K Cr 10.7% | ₹4.6K Cr 8.0% | ₹5.0K Cr 13.0% | ₹4.4K Cr 5.1% | ₹4.2K Cr |
| Op. Profit | ₹879 Cr 42.9% | ₹615 Cr 22.5% | ₹502 Cr 73.3% | ₹1.9K Cr 21.2% | ₹2.4K Cr 137.7% | ₹1.0K Cr 85.1% | ₹542 Cr 38.0% | ₹874 Cr 37.2% | ₹1.4K Cr 285.6% | ₹361 Cr |
| OPM | 11.0% 37.5% | 8.0% 33.3% | 6.0% 66.7% | 18.0% 35.7% | 28.0% 40.0% | 20.0% 100.0% | 10.0% 33.3% | 15.0% 37.5% | 24.0% 200.0% | 8.0% |
| Other Income | ₹499 Cr 0.4% | ₹501 Cr 6.8% | ₹469 Cr 29.9% | ₹361 Cr 72.7% | ₹209 Cr 11.8% | ₹237 Cr 54.9% | ₹153 Cr 28.8% | ₹215 Cr 53.6% | ₹140 Cr 82.7% | ₹809 Cr |
| Interest | ₹6 Cr 73.9% | ₹23 Cr 76.9% | ₹13 Cr 160.0% | ₹5 Cr 66.7% | ₹3 Cr 85.0% | ₹20 Cr 300.0% | ₹5 Cr 16.7% | ₹6 Cr 94.0% | ₹100 Cr 50.7% | ₹203 Cr |
| Depreciation | ₹307 Cr 1.3% | ₹303 Cr 1.6% | ₹308 Cr 1.7% | ₹303 Cr 3.8% | ₹292 Cr 7.4% | ₹272 Cr 3.0% | ₹264 Cr 0.4% | ₹263 Cr 2.6% | ₹270 Cr 7.6% | ₹251 Cr |
| PBT | ₹1.1K Cr 34.8% | ₹790 Cr 21.4% | ₹651 Cr 66.3% | ₹1.9K Cr 15.9% | ₹2.3K Cr 142.4% | ₹948 Cr 123.1% | ₹425 Cr 48.1% | ₹819 Cr 29.5% | ₹1.2K Cr 62.5% | ₹715 Cr |
| Tax % | 25.0% 3.8% | 26.0% 0.0% | 26.0% 8.3% | 24.0% 7.7% | 26.0% 3.7% | 27.0% 258.8% | -17.0% 270.0% | 10.0% 68.8% | 32.0% 18.5% | 27.0% |
| Net Profit | ₹809 Cr 35.3% | ₹598 Cr 20.3% | ₹497 Cr 66.2% | ₹1.5K Cr 13.9% | ₹1.7K Cr 145.3% | ₹697 Cr 37.2% | ₹508 Cr 32.3% | ₹750 Cr 5.7% | ₹795 Cr 50.3% | ₹529 Cr |
| EPS (₹) | 55.03 35.3% | 40.68 20.2% | 33.83 64.3% | 94.68 14.0% | 110.05 145.4% | 44.84 37.2% | 32.69 32.2% | 48.24 5.7% | 51.15 50.4% | 34.02 |
| Div Payout | 38.0% 13.6% | 44.0% 10.2% | 49.0% 53.1% | 32.0% 255.6% | 9.0% 50.0% | 18.0% 20.0% | 15.0% 0.0% | 15.0% 0.0% | 15.0% 0.0% | 15.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹147 Cr 0.0% | ₹147 Cr 0.0% | ₹147 Cr 5.2% | ₹155 Cr 0.0% | ₹155 Cr 0.0% | ₹155 Cr 0.0% | ₹155 Cr 0.0% | ₹155 Cr 0.0% | ₹155 Cr 0.0% | ₹155 Cr |
| Reserves | ₹9.0K Cr 6.4% | ₹8.4K Cr 3.3% | ₹8.2K Cr 8.8% | ₹8.9K Cr 14.2% | ₹7.8K Cr 32.5% | ₹5.9K Cr 14.9% | ₹5.1K Cr 4.8% | ₹4.9K Cr 12.5% | ₹4.4K Cr 17.9% | ₹3.7K Cr |
| Borrowings | ₹5 Cr 95.3% | ₹106 Cr 3433.3% | ₹3 Cr 50.0% | ₹2 Cr 0.0% | ₹2 Cr 50.0% | ₹4 Cr 99.5% | ₹860 Cr 313.5% | ₹208 Cr 31.4% | ₹303 Cr 84.5% | ₹2.0K Cr |
| Other Liabilities | ₹2.3K Cr 3.6% | ₹2.4K Cr 1.6% | ₹2.4K Cr 8.0% | ₹2.6K Cr 5.5% | ₹2.8K Cr 19.1% | ₹2.3K Cr 2.7% | ₹2.3K Cr 3.3% | ₹2.3K Cr 3.1% | ₹2.4K Cr 12.6% | ₹2.1K Cr |
| Total Liabilities | ₹11.4K Cr 3.2% | ₹11.0K Cr 3.1% | ₹10.7K Cr 8.6% | ₹11.7K Cr 9.0% | ₹10.8K Cr 28.1% | ₹8.4K Cr 0.3% | ₹8.4K Cr 10.7% | ₹7.6K Cr 5.2% | ₹7.2K Cr 9.1% | ₹8.0K Cr |
Assets | ||||||||||
| Fixed Assets | ₹2.9K Cr 6.9% | ₹3.1K Cr 4.4% | ₹3.2K Cr 4.2% | ₹3.4K Cr 5.5% | ₹3.6K Cr 3.8% | ₹3.7K Cr 2.4% | ₹3.8K Cr 3.8% | ₹4.0K Cr 4.9% | ₹4.2K Cr 6.3% | ₹4.4K Cr |
| CWIP | ₹900 Cr 135.6% | ₹382 Cr 32.2% | ₹289 Cr 54.5% | ₹187 Cr 35.5% | ₹138 Cr 14.3% | ₹161 Cr 96.3% | ₹82 Cr 228.0% | ₹25 Cr 78.6% | ₹14 Cr 0.0% | ₹14 Cr |
| Investments | ₹1.7K Cr 26.5% | ₹2.3K Cr 24.0% | ₹3.0K Cr 5.5% | ₹3.2K Cr 144.1% | ₹1.3K Cr 40.0% | ₹938 Cr 39.4% | ₹673 Cr 15.8% | ₹799 Cr 1.8% | ₹785 Cr 3.8% | ₹816 Cr |
| Other Assets | ₹5.9K Cr 12.5% | ₹5.3K Cr 26.6% | ₹4.2K Cr 15.9% | ₹4.9K Cr 13.6% | ₹5.7K Cr 60.2% | ₹3.6K Cr 7.3% | ₹3.9K Cr 36.4% | ₹2.8K Cr 24.4% | ₹2.3K Cr 15.4% | ₹2.7K Cr |
| Total Assets | ₹11.4K Cr 3.2% | ₹11.0K Cr 3.1% | ₹10.7K Cr 8.6% | ₹11.7K Cr 9.0% | ₹10.8K Cr 28.1% | ₹8.4K Cr 0.3% | ₹8.4K Cr 10.7% | ₹7.6K Cr 5.2% | ₹7.2K Cr 9.1% | ₹8.0K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹654 Cr 8.1% | ₹605 Cr 1851.6% | ₹31 Cr 97.7% | ₹1.4K Cr 30.2% | ₹2.0K Cr 4.4% | ₹1.9K Cr 558.7% | ₹286 Cr 59.2% | ₹701 Cr 61.5% | ₹1.8K Cr 25.9% | ₹1.4K Cr |
| Investing CF | ₹-230 Cr 50.6% | ₹-466 Cr 137.7% | ₹1.2K Cr 200.5% | ₹-1.2K Cr 35.3% | ₹-1.9K Cr 121.8% | ₹-856 Cr 5.0% | ₹-901 Cr 190.6% | ₹-310 Cr 732.7% | ₹49 Cr 192.5% | ₹-53 Cr |
| Financing CF | ₹-269 Cr 2.7% | ₹-262 Cr 79.5% | ₹-1.3K Cr 700.6% | ₹-160 Cr 23.1% | ₹-130 Cr 86.1% | ₹-934 Cr 271.1% | ₹546 Cr 395.1% | ₹-185 Cr 86.8% | ₹-1.4K Cr 30.5% | ₹-1.1K Cr |
| Net Cash Flow | ₹155 Cr 226.0% | ₹-123 Cr 778.6% | ₹-14 Cr 12.5% | ₹-16 Cr 74.2% | ₹-62 Cr 165.3% | ₹95 Cr 237.7% | ₹-69 Cr 133.5% | ₹206 Cr 56.0% | ₹468 Cr 46.3% | ₹320 Cr |
| Free Cash Flow | ₹108 Cr 29.9% | ₹154 Cr 170.6% | ₹-218 Cr 118.1% | ₹1.2K Cr 34.3% | ₹1.8K Cr 9.6% | ₹1.7K Cr 976.8% | ₹155 Cr 74.3% | ₹603 Cr 67.4% | ₹1.9K Cr 36.2% | ₹1.4K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 30d 50.0% | 20d 31.0% | 29d 123.1% | 13d 50.0% | 26d 27.8% | 36d 64.0% | 100d 29.9% | 77d 10.0% | 70d 20.5% | 88d |
| Inventory Days | 95d 9.5% | 105d 11.7% | 94d 11.9% | 84d 7.7% | 91d 29.5% | 129d 3.2% | 125d 17.9% | 106d 8.2% | 98d 10.9% | 110d |
| Days Payable | 41d 2.5% | 40d 4.8% | 42d 0.0% | 42d 28.8% | 59d 6.3% | 63d 7.4% | 68d 36.0% | 50d 18.0% | 61d 7.0% | 57d |
| Cash Conv. Cycle | 85d 1.2% | 84d 3.7% | 81d 47.3% | 55d 5.2% | 58d 43.7% | 103d 34.0% | 156d 18.2% | 132d 23.4% | 107d 24.6% | 142d |
| Working Capital Days | 157d 157.4% | 61d 5.2% | 58d 26.1% | 46d 52.6% | 97d 42.6% | 68d 41.9% | 117d 53.9% | 76d 33.3% | 57d 111.1% | 27d |
| ROCE | 12.0% 20.0% | 10.0% 25.0% | 8.0% 65.2% | 23.0% 30.3% | 33.0% 106.3% | 16.0% 100.0% | 8.0% 50.0% | 16.0% 33.3% | 24.0% 140.0% | 10.0% |
Source: Screener.in · Lower days = better efficiency
About Gujarat Narmada Valley Fertilizers and Chemicals Limited
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.
ChemicalsChemicals & Petrochemicals