Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 1,911 | 2,004 | 1,965 | 1,868 | 1,827 | 1,767 | 1,815 | 1,570 | 1,783 | 1,815 | 1,726 | 1,845 |
| Operating Profit | 169 | 84 | 145 | 153 | 90 | 132 | 240 | 31 | 185 | 181 | 482 | 393 |
| OPM % | 8% | 4.0% | 7% | 8% | 4.7% | 7% | 12% | 1.9% | 9% | 9% | 22% | 18% |
| Other Income | 152 | 121 | 108 | 99 | 123 | 157 | 122 | 150 | 127 | 97 | 125 | 101 |
| Interest | 1 | 7 | 4 | 17 | 2 | 3 | 1 | 2 | 1 | 1 | 2 | 2 |
| Depreciation | 78 | 76 | 78 | 78 | 76 | 75 | 74 | 74 | 81 | 73 | 79 | 76 |
| Profit before tax | 242 | 122 | 171 | 157 | 135 | 211 | 287 | 105 | 230 | 204 | 526 | 416 |
| Tax % | 26% | 22% | 26% | 27% | 24% | 25% | 27% | 26% | 23% | 26% | 25% | 25% |
| Net Profit | 182 | 97 | 130 | 118 | 105 | 163 | 211 | 83 | 179 | 150 | 396 | 312 |
| EPS in Rs | 11.71 | 6.60 | 8.85 | 8.03 | 7.15 | 11.09 | 14.36 | 5.65 | 12.18 | 10.21 | 26.95 | 21.23 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 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 | 3,989 | 4,228 | 4,445 | 5,022 | 4,621 | 4,125 | 6,259 | 8,348 | 7,428 | 7,277 | 6,895 | 7,169 |
| Operating Profit | 563 | 361 | 1,392 | 874 | 542 | 1,003 | 2,384 | 1,879 | 502 | 615 | 879 | 1,241 |
| OPM % | 12% | 8% | 24% | 15% | 10% | 20% | 28% | 18% | 6% | 8% | 11% | 15% |
| Other Income | 252 | 809 | 140 | 215 | 153 | 237 | 209 | 361 | 469 | 501 | 499 | 450 |
| Interest | 297 | 203 | 100 | 6 | 5 | 20 | 3 | 5 | 13 | 23 | 6 | 6 |
| Depreciation | 251 | 251 | 270 | 263 | 264 | 272 | 292 | 303 | 308 | 303 | 307 | 309 |
| Profit before tax | 268 | 715 | 1,162 | 819 | 425 | 948 | 2,298 | 1,932 | 651 | 790 | 1,065 | 1,376 |
| Tax % | 35% | 27% | 32% | 10% | -17% | 27% | 26% | 24% | 26% | 26% | 25% | |
| Net Profit | 180 | 529 | 795 | 750 | 508 | 697 | 1,710 | 1,472 | 497 | 598 | 809 | 1,037 |
| EPS in Rs | 11.57 | 34.02 | 51.15 | 48.24 | 32.69 | 44.84 | 110.05 | 94.68 | 33.83 | 40.68 | 55.03 | 70.57 |
| Dividend Payout % | 17% | 15% | 15% | 15% | 15% | 18% | 9% | 32% | 49% | 44% | 38% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 6% | 9% | -9% | 13% | ||
| Compounded Profit Growth | 16% | 3% | -18% | 85% | ||
| Stock Price CAGR | 13% | 8% | 0% | 25% | ||
| Return on Equity | 13% | 12% | 7% | 9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 5 |
| Other Liabilities | 2,164 | 2,130 | 2,142 | 2,411 | 2,337 | 2,261 | 2,321 | 2,764 | 2,613 | 2,405 | 2,366 | 2,282 |
| Total Liabilities | 8,527 | 8,555 | 7,956 | 7,231 | 7,609 | 8,421 | 8,394 | 10,755 | 11,720 | 10,717 | 11,047 | 11,403 |
| Fixed Assets | 4,468 | 4,367 | 4,442 | 4,161 | 3,959 | 3,810 | 3,720 | 3,578 | 3,381 | 3,238 | 3,094 | 2,882 |
| 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 | 1,693 |
| Other Assets | 3,861 | 3,404 | 2,683 | 2,271 | 2,826 | 3,856 | 3,575 | 5,727 | 4,946 | 4,160 | 5,268 | 5,928 |
| Total Assets | 8,527 | 8,555 | 7,956 | 7,231 | 7,609 | 8,421 | 8,394 | 10,755 | 11,720 | 10,717 | 11,047 | 11,403 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 490 | 996 | 1,445 | 1,819 | 701 | 286 | 1,884 | 1,967 | 1,373 | 31 | 605 | 654 |
| Cash from Investing Activity | -284 | 36 | -53 | 49 | -310 | -901 | -856 | -1,899 | -1,229 | 1,235 | -466 | -230 |
| Cash from Financing Activity | -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 | 155 |
| 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% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 95 |
| 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 | 85 |
| Working Capital Days | 9 | 8 | 27 | 57 | 76 | 117 | 68 | 97 | 46 | 58 | 61 | 157 |
| ROCE % | 9% | 10% | 24% | 16% | 8% | 16% | 33% | 23% | 8% | 10% | 12% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 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 | 18.63% | 20.11% | 19.40% | 19.18% | 16.15% | 15.41% | 15.03% | 12.67% | 12.08% | 12.13% | 12.05% | 13.11% |
| DIIs | 6.24% | 7.58% | 9.30% | 6.58% | 11.16% | 11.10% | 10.14% | 10.49% | 10.69% | 11.12% | 11.07% | 11.02% |
| Public | 33.93% | 31.00% | 29.99% | 32.93% | 31.38% | 32.18% | 33.53% | 35.53% | 35.92% | 35.44% | 35.58% | 34.57% |
| No. of Shareholders | 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 |
Fundamentals
Market Cap₹ 8,985 Cr.
Current Price₹ 612
Stock P/E8.66
Book Value₹ 620
ROCE12.0 %
ROE9.14 %
Dividend Yield3.43 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)13%
Compounded Profit Growth (TTM)85%
Consolidated figures.
Valuation
Market capRs 8,657 Cr
Enterprise valueRs 7,553 Cr
P/E (TTM)8.35x
Price to book0.95x
Price to sales1.03x
EV / EBITDA4.47x
EV / EBIT5.47x
EV / sales0.90x
Price to cash flow13.24x
Earnings yield11.98%
Dividend yield3.56%
P/E, 3-year average12.45x
P/B, 3-year average0.85x
P/E, 5-year average10.08x
P/B, 5-year average1.01x
Profitability
Operating margin (excl. other income)11.30%
Operating margin (incl. other income)17.72%
EBITDA margin20.11%
Pre-tax margin16.36%
Net profit margin12.33%
Net margin, latest quarter13.94%
ROE9.14%
ROCE12.03%
ROA7.20%
ROE, 3-year average7.31%
ROCE, 3-year average9.74%
ROA, 3-year average5.71%
ROE, 5-year average12.70%
ROCE, 5-year average16.92%
ROA, 5-year average9.62%
ROIC (approx.)12.92%
Tax rate25.11%
Other income / net worth5.47%
Growth
Sales growth (latest year)-1.51%
Profit growth (latest year)35.27%
Sales CAGR, 3 years-8.74%
Sales CAGR, 5 years8.67%
Profit CAGR, 3 years-18.09%
Profit CAGR, 5 years3.02%
Sales growth QoQ1.36%
Profit growth QoQ-21.21%
Sales growth YoY (latest quarter)39.79%
Profit growth YoY (latest quarter)275.90%
Per share
EPS (TTM)Rs 70.57
EPS (latest year)Rs 55.03
EPS (latest quarter)Rs 21.23
EPS, 3-year averageRs 43.18
EPS, 5-year averageRs 66.85
Book value per shareRs 620.33
Sales per shareRs 572.34
Cash flow per shareRs 44.51
Free cash flow per shareRs 7.35
Dividend per share (latest year)Rs 21.00
Dividend per share, 3-year averageRs 18.50
Dividend per share, 5-year averageRs 19.10
Dividends
Dividend payout38.16%
Dividend payout, 3-year average43.73%
Dividend payout, 5-year average34.39%
Efficiency
Asset turnover0.68x
Fixed asset turnover2.70x
Inventory turnover5.69x
Inventory days64 days
Debtor days30 days
Debtors turnover12.13x
Creditor days41 days
Cash conversion cycle85 days
Working capital days157 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 1,109 Cr
Net debtRs -1,104 Cr
Debt to equity0.00x
Net debt / EBITDA-0.65x
Interest coverage230.33x
Current ratio (filing 2026-03-31)5.91x
Quick ratio (filing 2026-03-31)4.93x
Trade payables (filing 2026-03-31)Rs 454 Cr
Owners' fund to total sources79.94%
Debt to assets0.05%
Cash flow
Cash from Operating Activity (latest year)Rs 654 Cr
Cash from Investing Activity (latest year)Rs -230 Cr
Cash from Financing Activity (latest year)Rs -269 Cr
Net Cash Flow (latest year)Rs 155 Cr
Free cash flow (latest year)Rs 108 Cr
FCFE (approx.: FCF + change in debt)Rs 8 Cr
Cash from ops / profit, 5 years0.91x
Sales to cash flow11.88x
Statement figures
Net sales (TTM)Rs 8,410 Cr
Net sales (latest year)Rs 7,773 Cr
Sales (latest quarter)Rs 2,238 Cr
Operating profit excl. other income (latest year)Rs 879 Cr
Operating profit (latest quarter)Rs 393 Cr
Other income (TTM)Rs 450 Cr
EBITDA (TTM)Rs 1,691 Cr
PBDT (TTM)Rs 1,685 Cr
Profit before tax (TTM)Rs 1,376 Cr
Tax (latest year)Rs 267 Cr
Net profit (TTM)Rs 1,037 Cr
Net profit (latest year)Rs 809 Cr
Net profit (latest quarter)Rs 312 Cr
Depreciation (TTM)Rs 309 Cr
Depreciation (latest quarter)Rs 76 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 6,042 Cr
Total expenditure (latest year)Rs 6,895 Cr
Total income (latest year)Rs 8,272 Cr
Share capitalRs 147 Cr
ReservesRs 8,968 Cr
Shareholders' fundsRs 9,115 Cr
Total assetsRs 11,403 Cr
Net blockRs 2,882 Cr
Capital work in progressRs 900 Cr
InvestmentsRs 1,693 Cr
ReceivablesRs 641 Cr
InventoryRs 1,062 Cr
Other liabilitiesRs 2,282 Cr
Shares outstanding (crore)14.69
Ownership
Promoter holding41.30% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 8.3 is at the 55th percentile of its own 9.4-year range
(median 7.5, low 2.2, high 21.1).
P/B 0.95 is at the 39th percentile (median 1.00).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | GNFC | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.8% | -2.8% | -3.0 pts |
| 1 month | +2.3% | -6.8% | +9.1 pts |
| 3 months | +11.3% | -7.6% | +18.9 pts |
| 6 months | +60.8% | +0.4% | +60.4 pts |
| 1 year | +17.3% | -9.9% | +27.2 pts |
| 2 years | -10.8% | -13.6% | +2.7 pts |
| 3 years | -3.7% | +14.2% | -17.9 pts |
| 5 years | +38.6% | +27.9% | +10.7 pts |
18 mutual fund schemes hold about ₹928 Cr.
Over three months 1 bought more and 15 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| ICICI Pru Multi Asset Allocation Fund | 0.23% | 204 | -12% |
| ICICI Pru Small Cap Fund | 1.36% | 133 | -14% |
| ICICI Pru Small Cap Fund | 1.36% | 129 | -14% |
| ICICI Pru Large & Mid Cap Fund | 0.36% | 122 | -12% |
| ICICI Pru Multi Cap Fund | 0.47% | 92 | -11% |
| ICICI Pru Multi Cap Fund | 0.47% | 88 | -11% |
| ICICI Pru Business Cycle Fund | 0.38% | 61 | -3% |
| ICICI Pru Manufacturing Fund | 0.74% | 53 | -9% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 0.50% | 12 | -11% |
| ICICI Pru PSU Equity Fund | 0.67% | 12 | -3% |
| ICICI Pru Commodities Fund | 0.27% | 11 | -13% |
| iSIF Equity Ex-Top 100 Long-Short Fund | 0.36% | 9 | +100% |
| Groww Nifty Total Market Index Fund | 0.02% | 0 | -6% |
| HDFC BSE 500 Index Fund | 0.02% | 0 | -10% |
| Angel One Nifty Total Market Index Fund | 0.02% | 0 | -6% |
| Mirae Asset Nifty Total Market Index Fund | 0.02% | 0 | -6% |
| Bandhan Nifty Total Market Index Fund | 0.02% | 0 | -6% |
| Motilal Oswal BSE 1000 Index Fund | 0.02% | 0 | -6% |
Red flags
F-score 6 of 8| look | Profit leans on other income Other income was 47% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹2,238 Cr +39.8% vs Jun 2025.
Net profit ₹312 Cr +275.9%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| SRF Ltd | 71,738 | 32.0 | 14.6 % |
| Deepak Fertilisers & Petrochemicals Corp Ltd | 16,523 | 16.8 | 11.4 % |
| Tata Chemicals Ltd | 15,638 | 3.42 % | |
| Tanfac Industries Ltd | 7,226 | 107 | 23.9 % |
| Gujarat Alkalies & Chemicals Ltd | 4,606 | 69.4 | 1.42 % |
| Grauer & Weil (India) Ltd | 3,744 | 23.4 | 20.6 % |
| GHCL Ltd | 3,724 | 8.16 | 17.4 % |
| J.G.Chemicals Ltd | 2,576 | 34.3 | 18.1 % |
| Thirumalai Chemicals Ltd | 1,834 | -3.15 % | |
| I G Petrochemicals Ltd | 1,801 | 22.1 | 3.11 % |
| Indo Borax & Chemicals Ltd | 1,569 | 32.0 | 15.4 % |
| Innovassynth Technologies (India) Ltd | 1,405 | -16.4 % | |
| Citurgia Biochemicals Ltd | 1,380 | % | |
| Vikram Thermo (India) Ltd | 1,320 | 30.1 | 36.2 % |
| TGV Sraac Ltd | 1,312 | 9.46 | 13.0 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-09-09 | Dividend - Rs 21 Per Share | |
| 2025-09-02 | Dividend - Rs 18 Per Share | |
| 2024-09-12 | Annual General Meeting | |
| 2024-09-06 | Dividend - Rs 16.50 Per Share | |
| 2023-11-24 | Buy Back | |
| 2023-09-18 | Annual General Meeting/Dividend - Rs 30 Per Share | |
| 2022-09-19 | Annual General Meeting/Dividend - Rs 10 Per Share | |
| 2021-08-18 | Annual General Meeting/Dividend - Rs 8 Per Share | |
| 2020-08-20 | Annual General Meeting/Dividend - Rs 5 Per Share | |
| 2019-08-22 | Annual General Meeting/Dividend - Rs 7 Per Share | |
| 2018-08-23 | Annual General Meeting/Dividend- Rs 7.50 Per Share | |
| 2017-08-16 | Annual General Meeting/Dividend - Rs 5 Per Share | |
| 2016-08-25 | Dividend - Rs 2 Per Share | |
| 2015-08-20 | Annual General Meeting | |
| 2014-08-21 | Dividend Rs.3.50/- Per Share | |
| 2013-08-22 | Annual General Meeting / Dividend Rs.3.50 Per Share | |
| 2012-08-23 | Annual General Meeting / Dividend Rs.3.50 Per Share | |
| 2011-08-25 | Dividend-Rs.3.25 Per Share | |
| 2010-09-02 | Dividend-Rs.3.25 Per Share | |
| 2009-08-18 | Dividend-Rs.3.25 Pr Share | |
| 2008-08-20 | Dividend - 42.50% | |
| 2007-08-14 | Dividend-Rs.4.25/- Per Sh | |
| 2006-08-16 | Dividend-Rs.4.25 Per Sh |
| Date | Type | What it says |
|---|---|---|
| 2026-09-30 | Cessation | Cessation of Mrs GAURI KUMAR as Non- Executive Independent Director of the company w.e.f. September 30, 2026. |
| 2026-09-30 | Director change | Change in Director(s) of the company. |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) has a market capitalisation of Rs 8,985 Cr. at the 2026-10-01 close.
What is the P/E ratio of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
Gujarat Narmada Valley Fertilizers & Chemicals Ltd trades at a P/E of 8.66 on trailing twelve-month profit, at the 2026-10-01 close.
What were Gujarat Narmada Valley Fertilizers & Chemicals Ltd's latest quarterly results?
In the Jun 2026 quarter, Gujarat Narmada Valley Fertilizers & Chemicals Ltd sales was Rs 2,238 Cr (+39.8% vs Jun 2025) and net profit was Rs 312 Cr.
What is the 52-week high and low of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?
The 52-week high is Rs 636.00 and the 52-week low is Rs 365.00.