GNFCChemicals

Gujarat Narmada Valley Fertilizers and Chemicals Limited

Commodity Chemicals · ISIN INE113A01013 · BSE 500670 · NSE EQ · FV ₹10
Last price
₹585
+8.36%today
What this company does

Gujarat Narmada Valley Fertilizers and Chemicals Limited operates in Commodity Chemicals, part of the Chemicals sector. It booked ₹2,238 cr of revenue in its latest quarter (Q1 FY27) and kept 13.9% of sales as profit. It is the 4th largest of 9 Commodity Chemicals companies we track, by market value.

The Company is one of India’s leading entities engaged in the manufacturing and selling of fertilizers, industrial chemical products and providing IT services.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 35–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
57

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Balance sheet99

How much it owes, and whether earnings cover the interest · highest in its sector on what we could measure

Cash quality56

Whether reported profit actually arrives as cash

Growth & consistency38

Whether sales and profit have grown, and how steadily

Valuation95

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 40% vs last year
Profit up 276% vs last year
Promoters hold 41%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in GNFC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹585 +8.36%
latest close · 2026-09-17
1-year return
+83.3%
52-wk low ₹31652-wk high ₹912
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio6.9Low
LowAverageHigh
P/B ratio0.94Below book
Below bookModerateHigh
EV / EBITDA4.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.7%Fair
WeakFairStrong ▸15%
Return on capital16.2%Strong
WeakFairStrong
Net margin13.9%Decent
ThinDecentStrong
EBITDA margin22.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover209.0×Strong
RiskyOkayStrong ▸5×
Current ratio5.91Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,597 cr
Book value
₹620
EPS
₹21.22
latest quarter
Net debt
₹-74 cr
more cash than debt
Enterprise value
₹8,523 cr
EBITDA
₹1,976 cr
annualised
EBIT
₹1,672 cr
annualised
Operating margin
18.7%
Return on assets
11.0%
Earnings yield
14.51%
P/S
0.96
Sales / share
₹609.0
Tax rate
25.5%
Face value
₹10
Shares
14.7 cr
Working capital
₹5,110 cr
Current assets
₹6,151 cr
Current liabilities
₹1,041 cr
Delivery %
50.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹203₹627, midpoint ₹415

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,238 cr
Other Income₹101 cr
Total Income₹2,339 cr
Cost of Materials₹1,310 cr
Purchases of Stock-in-Trade₹36 cr
Inventory Change (±)₹-297 cr
Employee Benefit Expense₹153 cr
Finance Costs₹2 cr
Depreciation & Amortisation₹76 cr
Other Expenses₹643 cr
Total Expenses₹1,923 cr
Profit before Tax₹416 cr
Tax Expense₹106 cr
Share of JV / Associates₹2 cr
Net Profit₹312 cr
Net margin on total income13.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,049 cr44.8%
Employee benefit expense₹153 cr6.5%
Finance costs₹2 cr0.1%
Depreciation & amortisation₹76 cr3.2%
Other expenses₹643 cr27.5%
Tax expense₹106 cr4.5%
Profit for the period₹312 cr13.3%
Total income ₹2,339 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,996 cr2,208 cr2,238 cr
Total income2,093 cr2,333 cr2,339 cr
Expenses1,889 cr1,807 cr1,923 cr
Profit before tax204 cr526 cr416 cr
Tax54 cr134 cr106 cr
Net profit (owners' share)150 cr396 cr312 cr
Net margin (owners' share, on revenue)7.5%17.9%13.9%
EPS (₹)10.2026.9421.22
YoY (latest quarter): total income +33.6% · net profit +275.9%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹11,359 cr
Shareholder equity
₹9,115 cr
parent shareholders
Total debt
₹0 cr
Cash
₹74 cr
Cash flow · H1 FY26
Operating
₹314 cr
Investing
₹28 cr
Financing
₹-264 cr
Peer comparison
Commodity Chemicals · by market value
CompanyPriceMarket capP/E
SRF Limited₹2,536₹75,172 cr24.8
Tata Chemicals Limited₹779₹69,788 cr
Deepak Fertilizers and Petrochemicals Corporation Limited₹1,325₹16,722 cr8.5
Gujarat Narmada Valley Fertilizers and Chemicals Limitedthis company₹585₹8,597 cr6.9
Gujarat Alkalies and Chemicals Limited₹674₹4,948 cr22.5
GHCL Limited₹420₹3,862 cr8.6
J.G.Chemicals Limited₹588₹2,305 cr23.0
Thirumalai Chemicals Limited₹156₹1,876 cr
IG Petrochemicals Limited₹555₹1,708 cr6.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
3.59%
trailing 12 months
Dividend / share (TTM)
₹21
Last dividend
₹21
ex 9 Sep 2026
ActionDetailEx-date
Dividend₹21 / share9 Sep 2026
Dividend₹18 / share2 Sep 2025
Dividend₹16.5 / share6 Sep 2024
BuybackBuy Back24 Nov 2023
Dividend₹30 / share18 Sep 2023
Dividend₹10 / share19 Sep 2022
Who owns it · 2026-06-30
No pledge
Promoter
41.3%
FII / Foreign
13.1%
DII / Domestic
11.0%
Retail / others
34.6%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE23 Sep 26
short · NSE10117 Aug 26
short · NSE231 Jul 26
Stake changes
BoughtICICI Prudential Mutual Fund→ 7.32% · 32.34 L14 Nov 24
BoughtICICI Prudential Mutual Fund→ 5.11% · 1.83 L12 Sep 24
BoughtAllianceBernstein L.P. alongwith PAC→ 5.01% · 77,5608 Apr 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 16 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements and Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors’ thereon.
Backed by 100% of shareholders other than promotersneeded 50%
2.98 cr votes for, 84,643 against · 0% of mutual funds and other big investors said no
2
To declare Dividend on equity shares for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
2.99 cr votes for, 179 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Dr. T. Natarajan, IAS (DIN: 00396367), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 83% of shareholders other than promotersneeded 50%
2.49 cr votes for, 50.17 L against · 17% of mutual funds and other big investors said no
4
Appointment of M/s. B S R and Co, Chartered Accountants (Firm Registration No. 128510W) as the Statutory Auditors of the Company.
Backed by 99% of shareholders other than promotersneeded 50%
2.97 cr votes for, 2.21 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 41.3% between them · as of 2026-06-30
GUJARAT STATE INVESTMENTS LIMITED21.44%
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED19.86%
Business done with them
FY2025 · 1 of the group
The company paid ₹5 cr to companies in the promoter group last year — about 0.1% of its ₹7,892 cr revenue and received ₹3 cr back from them.
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED
Bought goods from them · Business Transactions
also owns 19.86% of the company
₹5 cr
company paid
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED
Other income from them · Business Transactions
also owns 19.86% of the company
₹3 cr
company received

The company also transacted with 16 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.