What is Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) share price return in the past 10 years?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd share price has appreciated 13.9% annually (CAGR) over the past ten years.

What is the P/E ratio of Gujarat Narmada Valley Fertilizers & Chemicals?

The latest standalone P/E ratio of Gujarat Narmada Valley Fertilizers & Chemicals as of 04-Jun-2026 is 9.28.

What is the 52-week high and low of Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)?

The 52-week high of Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) is Rs. 573.25 and the 52-week low is Rs. 364.85.

What is the TTM revenue of Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat Narmada Valley Fertilizers & Chemicals is Rs. 7773.00 (Cr.).

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)
Brand: Gujarat Narmada Valley Fertilizers & Chemicals

Key Metrics

Valuation Multiples

Market Cap

₹7,393 Cr.

Current Price

₹503.1

52-Week Low / High

₹365 / 573

TTM EPS

₹54.2

TTM Sales

₹7,773 Cr.

Book Value per Share

₹611.2

P/E Ratio

9.28

Lower than its 5-year historical median

Industry PE

50.2

Price to Book (P/B)

0.82

Lower than its 5-year historical median

Price to Sales (P/S)

0.95

Lower than its 5-year historical median

EV/EBITDA

4.56

Lower than its 5-year historical median

Dividend Yield

3.63%

Profitability Efficiency

Return on Equity (ROE)

7.03%

Return on Capital Employed (ROCE)

9.71%

Return on Assets (ROA)

5.46%

Operating Profit Margin

7.8%

Net Profit Margin

7.42%

Gross Profit Margin

13.2%

Growth Momentum
1-yr vs 3-yr growth

Sales Growth (1 Year)

Improving versus 3-year growth rate

-0.47%

Operating Profit Growth (1 Year)

Improving versus 3-year growth rate

22.62%

Net Profit Growth (1 Year)

Improving versus 3-year growth rate

20.78%

Asset Quality

Promoter Holding

41.30%

Pledged shares (%) of Promoter's holding (%)

0.00%

Reserves

₹8,834 Cr.

Equity

₹146.9 Cr.

Face Value

₹10

All Time Low / High

₹10.00 / 912.00

Gujarat Narmada Valley Fertilizers & Chemicals stock performance

Key Ratios

Check Before You Invest

Quality

Very Good

Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Strong

Check Price chart

Q.1 Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd a good quality company?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

How does Gujarat Narmada Valley Fertilizers & Chemicals Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Gujarat Narmada Valley Fertilizers & Chemicals Ltd vs industry peers?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd revenue CAGR is 8.86%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.

Q.1 Promoter shareholding and pledge status of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?

Promoters hold 41.30% of the Gujarat Narmada Valley Fertilizers & Chemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Stock return of Gujarat Narmada Valley Fertilizers & Chemicals Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 15.1% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	8.2%	15.2%	24%	16.6%	7.6%	16.1%	33.2%	22.9%	7.7%	9.7%	-
Value Creation Index ⓘ	-0.4	0.1	0.8	0.2	-0.5	0.2	1.5	0.7	-0.4	-0.3	-
Growth Parameters ⓘ
Sales ⓘ	4,552	4,589	5,837	5,896	5,162	5,129	8,642	10,227	7,930	7,892	7,773
Sales YoY Gr.	-	0.8%	27.2%	1%	-12.4%	-0.7%	68.5%	18.3%	-22.5%	-0.5%	-
Adj EPS ⓘ	9.8	19.9	49.9	46.3	31.4	42.5	109.9	94.5	33.4	39.5	54.2
YoY Gr.	-	102.8%	151.3%	-7.4%	-32.1%	35.5%	158.4%	-14.1%	-64.7%	18.2%	-
BVPS (₹) ⓘ	209.2	244.6	286.8	321.5	336	385	508.2	579.5	557.9	575.2	611.2
Adj Net Profit ⓘ	152	309	776	719	488	661	1,708	1,468	491	580	797
Cash Flow from Ops. ⓘ	996	1,445	1,819	701	286	1,884	1,967	1,373	31.3	605	-
Debt/CF from Ops. ⓘ	3.1	1.4	0.2	0.3	3	0	0	0	0	0.2	-

CAGR ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	6.3%	8.9%	-3%	-0.5%
Adj EPS ⓘ	16.8%	4.7%	-28.9%	18.2%
BVPSⓘ	11.9%	11.4%	4.2%	3.1%
Share Price	13.9%	5.5%	-4.8%	-7.9%

Key Financial Parameters ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	4.4	8.7	18.8	15.2	9.6	11.8	24.6	17.4	5.7	7	9.1
Op. Profit Mgn % ⓘ	12.5	14.4	23.9	14.8	10.5	19.7	27.7	18.4	6.5	7.8	11.3
Net Profit Mgn % ⓘ	3.4	6.7	13.3	12.2	9.5	12.9	19.8	14.4	6.2	7.4	10.3
Debt to Equity ⓘ	1	0.5	0.1	0	0.2	0	0	0	0	0	0
Working Cap Days ⓘ	389	280	152	145	211	197	136	129	121	121	120
Cash Conv. Cycle ⓘ	137	119	79	86	114	86	30	27	44	50	98

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	4,552	4,589	5,837	5,896	5,162	5,129	8,642	10,227	7,930	7,892
Operating Expenses ⓘ +	3,989	3,936	4,447	5,028	4,621	4,127	6,259	8,350	7,428	7,278
Manufacturing Costs	1,005	1,103	1,228	1,300	1,150	1,103	1,528	2,447	1,949	1,868
Material Costs	2,415	2,192	2,533	2,861	2,738	2,328	3,983	4,989	4,504	4,530
Employee Cost	357	374	395	524	513	451	468	606	625	566
Other Costs ⓘ	212	267	291	344	220	244	281	309	350	313
Operating Profit ⓘ	563	653	1,391	868	542	1,002	2,383	1,877	501	615
Operating Profit Margin (%)	12.4%	14.2%	23.8%	14.7%	10.5%	19.5%	27.6%	18.4%	6.3%	7.8%
Other Income ⓘ +	252	225	142	221	153	239	210	363	470	501
Exceptional Items ⓘ	0	292	0	0	0	0	0	0	0	0
Interest ⓘ	297	203	100	6	5	20	3	5	13	23
Depreciation ⓘ	251	251	270	263	264	272	292	303	308	303
Profit Before Tax ⓘ	268	715	1,162	819	425	948	2,298	1,932	651	790
Tax ⓘ	95	194	372	78	-74	259	594	468	166	205
Profit After Tax	173	521	790	741	499	689	1,704	1,464	485	586
PAT Margin (%)	3.8%	11.4%	13.5%	12.6%	9.7%	13.4%	19.7%	14.3%	6.1%	7.4%
Adjusted EPS (₹)	11.1	33.5	50.8	47.7	32.1	44.3	109.6	94.2	33.0	39.9
Dividend Payout Ratio (%)	18%	14.90%	14.80%	14.70%	15.60%	18%	9.10%	31.90%	50%	45.20%

Valuation of GNFC - Standalone

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	3,278	3,802	4,458	4,997	5,223	5,984	7,899	9,006	8,198	8,452
Share Capital ⓘ	155	155	155	155	155	155	155	155	147	147
Reserves ⓘ	3,122	3,646	4,303	4,842	5,067	5,828	7,743	8,851	8,051	8,305
Debt +	2,459	1,607	230	208	859	2	0	0	1	99
Long Term Debt	1,033	533	0	0	0	0	0	0	0	0
Short Term Debt	1,426	1,073	230	208	859	2	0	0	1	99
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	262	340	426	395	513	399	648	578	522	495
Others Liabilities ⓘ	4,058	2,154	2,058	1,942	1,747	1,915	2,097	2,013	1,840	1,834
Total Liabilities ⓘ	10,057	7,903	7,172	7,542	8,342	8,300	10,643	11,597	10,561	10,880
Fixed Assets
Net Fixed Assets ⓘ +	4,701	4,423	4,142	3,940	3,792	3,703	3,561	3,344	3,201	3,057
Gross Block	7,699	7,710	7,650	7,698	7,802	7,953	8,087	8,116	8,242	8,381
Accumulated Depreciation	2,997	3,287	3,508	3,758	4,010	4,251	4,526	4,772	5,041	5,323
CWIP ⓘ	9	14	14	25	82	161	138	187	289	382
Investments ⓘ	709	762	726	732	596	853	1,222	3,106	2,919	2,181
Inventories	701	662	681	829	932	813	977	1,123	1,119	1,257
Trade Receivables	1,485	1,112	1,120	1,240	1,413	510	625	367	626	423
Cash Equivalents ⓘ	10	13	16	235	189	1,451	1,182	1,994	1,529	2,308
Others Assets ⓘ	2,441	917	473	540	1,337	810	2,939	1,475	878	1,272
Total Assets ⓘ	10,057	7,903	7,172	7,542	8,342	8,300	10,643	11,597	10,561	10,880

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	996	1,445	1,819	701	286	1,884	1,967	1,373	31	605
PBT ⓘ	268	715	1,162	819	425	948	2,298	1,932	651	790
Adjustment ⓘ	353	26	281	248	162	125	187	43	-4	-42
Changes in Working Capital ⓘ	387	782	583	-258	-253	1029	109	-16	-404	37
Tax Paid ⓘ	-11	-77	-207	-109	-48	-218	-628	-585	-212	-180
Cash Flow From Investing Activity ⓘ +	36	-53	49	-310	-901	-856	-1,899	-1,229	1,235	-466
Capex	-65	-87	32	-98	-130	-215	-137	-171	-249	-451
Net Investments	0	-1	-0	-172	-764	461	-1,971	-437	566	473
Others ⓘ	101	36	18	-41	-7	-1,102	209	-622	919	-488
Cash Flow From Financing Activity ⓘ +	-1,037	-1,073	-1,400	-185	546	-934	-130	-160	-1,281	-262
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-528	-790	-826	-72	0	0	0	0	0	0
Interest Paid ⓘ	-301	-208	-91	-3	-3	-19	-2	-3	-10	-22
Dividend Paid ⓘ	-1	-37	-94	-139	-131	-78	-123	-153	-461	-238
Others ⓘ	-207	-38	-390	29	680	-837	-6	-5	-810	-2
Net Cash Flow ⓘ	-5	320	468	206	-69	95	-62	-16	-14	-123

Financial Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	5.04	14.78	19.12	15.68	9.76	12.3	24.55	17.32	5.64	7.03
ROCE (%)	8.18	15.17	23.98	16.57	7.62	16.05	33.15	22.91	7.71	9.71
Asset Turnover Ratio	0.48	0.55	0.78	0.83	0.68	0.64	0.94	0.95	0.75	0.77
PAT to CFO Conversion(x)	5.76	2.77	2.3	0.95	0.57	2.73	1.15	0.94	0.06	1.03
Working Capital Days
Receivable Days	107	95.80	68.80	70.60	89.30	65.50	23.20	17.20	21.80	23.10
Inventory Days	54.70	50.30	41.40	45.10	59.30	59.40	36.60	36.30	49.30	52.30
Payable Days	42.20	50.20	55.20	52.40	60.50	71.60	48	44.80	44.60	41

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Gujarat Narmada Valley Fertilizers & Chemicals Ltd FAQs

The current trading price of GNFC on 04-Jun-2026 16:59 is ₹503.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of GNFC stood at ₹7,392.6 Cr

The latest P/E ratio of GNFC as of 03-Jun-2026 is 9.28.

The latest P/B ratio of GNFC as of 03-Jun-2026 is 0.82.

The 52-week high of GNFC is ₹573.2 and the 52-week low is ₹364.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GNFC is ₹7,773 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a good quality company.

The key valuation ratios of Gujarat Narmada Valley Fertilizers & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Gujarat Narmada Valley Fertilizers & Chemicals Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd (GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.

GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world's largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC successfully commissioned different projects - in fields as diverse as chemicals, fertilizers and electronics. Since inception, GNFC has worked towards an extensive growth as a corporation. A growth which respects the environment and springs from the progressive vision of GNFC.

GNFC has extended its profile much beyond fertilizers through a process of horizontal integration. Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form ambitious and challenging additions to its corporate portfolio. GNFC has an enterprising, strategic view towards expansion and diversification.

Business area of the company

Gujarat Narmada Valley Fertilizers & Chemicals is one of India’s leading entities engaged in the manufacturing and selling of fertilizers, industrial chemical products and providing IT services.

Products and services

GNFC Fertilizer- GNFC started fertilizer manufacturing and marketing operations by setting up in 1982, one of the world’s largest single-stream ammonia-urea fertilizer complexes.
GNFC Chemical- GNFC has kept pace with changing times and its vision is always focused on growth. Even as the company was implementing its fertilizer complex, plans were underway for expansion and diversification in related areas. This resulted in the setting up of core chemical and petrochemical plants such as Methanol, Formic Acid, Nitric Acid and Acetic Acid.
Information technology (for IT related products and services) - (n) Code Solutions (An IT Division of GNFC) offers Digital Certificates that can integrate with applications such as emails, workflow, enterprise wide applications, or secure VPNs. The Digital Certificates can be used by individuals, corporates and governments to secure online B2B/B2C applications and other online transactions.

Awards

National Safety Council, USA: Good Safety Performance
National Productivity Council: Best Productivity - First, Second & Third Prizes, Best Productivity for Nitrogenous Fertilizers
Ministry of Labour, GOI: Good Safety Performance (Thrice)
Federation of Indian Chamber of Commerce & Industry (FICCI) : Best Environment Preservation & Pollution Control
Indian Chemicals Manufacturers Association (ICMA) : Environmental Control & Safety
Fertilizer Association of India (FAI) : For research paper; Best Technical Innovation - pure CO2 enhancement scheme in Ammonia plant; Best Technical Innovation implemented in fertilizer industry (twice); and Best Overall Performance of an operating unit for P2O5 in complex fertilizers
All India Organization of Employers: Outstanding Contribution in the field of Industrial Relations
National Energy Conservation Award, Deptt. of Energy, Government of India : Energy Conservation Award, Second Prize
Government of India: Award for Energy Conservation
Jawaharlal Nehru Memorial National Award: Effective Energy Conservation Award
National Suggestion Scheme: Two awards for the company, one for the employee
Indian National Suggestion Scheme (INSAAN) : Prizes in different years (thrice), Excellence in Suggestion Scheme for the Company, Second Prize to the employee (twice)
Texaco Development Corporation (TDC), USA : Licensee of the year for operating gassifier on more than rated capacity for over a decade
Labour & Employment Deptt., Government of Gujarat: Shram Bhushan Award & Rajya Shram Ratna Award to the employees
Indian Institute of Chemical Engineers (IICE): ICI Award for Excellence in Process / Product Development
Deptt. of Scientific & Industrial Research, Ministry of Science & Technology, GOI FICCI: National Award for R&D efforts
World Environment Foundation: Golden Peacock Eco Innovation Award
Fertilizers Association of India: Transfer of Improved Farm Technology Award at the national level
Computer Society of India: CSI-Nihilent e-Governance Award for the best technology implementation for e-Governance projects
The Government of Gujarat Project eProcurement handled by (n) Code Solutions - A Division of GNFC Ltd. has won the CSI-Nihilent e-Governance Awards 2006-2007 in the category of Government to Business. Award ceremony held at Bangalore on December 1, 2007 at 42nd Computer Society of India (CSI)
India CSR Innovative Project of the year 2017, Mumbai
India CSR Award for PSU Leader of the year 2017, Mumbai
CMO Asia Best CSR Practices Award 2017, Singapore
Global Giving Award for Best CSR Innovation Practices 2017, Dubai
CII-ITC Sustainability CSR Award 2017, New Delhi
Shared Value Inclusive Business List Award, New Delhi
CMO Asia 50 Most Influential Rural Marketing Professional, Malaysia
ET Now CSR Award for Innovation in CSR practices, Mumbai
Dhainik Bhaskar India Pride Award for Excellence in CSR, New Delhi
Business World Digital India Award for implementation of cashless initiatives, New Delhi
SKOCH BSE Order of Merit, Mumbai
SKOCH Smart Governance SKOCH Order-of-Merit Award
Times Network Digital India Award for Digital Social Innovation, New Delhi
CII Supply Chain and Logistics Excellence Award, Hyderabad
Star Performer of the year 2017 by SBI Mutual Fund
India's Best Company of the year Award
In FY2018-19 Porter Prize supported by the Harvard Group for Company's Outstanding performance in the industry.
CNBC-AWAAZ CEO Award for 'Outstanding Business Growth' from Government of Chhattisgarh in association with CNBC Awaaz.
Best Technical Innovation Award by Fertilizer Association of India, New Delhi for reduction in down time and increase operational efficiency in ANP plant in FY2018-19.
4th Rank in Environmental Green rating of Indian Fertilizer Industry under its Green Rating Project (GRP) in FY2019-20

Achievements

Set up the world's largest single stream, fuel oil based Ammonia - Urea plant
All fertilizers under the brand name of Narmada, along with extensive support activities, have been well accepted by the country’s farmer community.
India's largest producer of Formic Acid, Acetic acid and Methanol.
India's only manufacturer of Glacial Acetic Acid through the cutting-edge Methanol route.
India's largest single stream plant of Aniline.
The only manufacturer of Toluene Di-isocyanate in South East Asia.
Record capacity utilizations in all plants, defying the vintage through ingeniously innovative maintenance measures.
Development of the first indigenous, eco-friendly technology for H2S removal, CATSOL, a much awarded product of the Company's R&D labs.
The company launched various products such as Neem Shampoo, Neem Mosquito Repellent, Neem Face-wash, Neem Hair Oil, Neem Handwash, etc.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)

Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)

Gujarat Narmada Valley Fertilizers & Chemicals stock performance