Gujarat Narmada Valley Fertilizers & Chemicals Ltd Stock Analysis

BSE: 500670 | NSE: GNFC | Fertilizers | Mid Cap

BSE Share Price 23-Sep-2022 18:01
667.15 -27.35 (-3.94%)

DeciZen - Make an Informed Decision on GNFC

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

GNFC Price Chart

P/E Ratio (SA) :
5.10
Market Cap :
10,368.8 Cr.
52-wk low :
379.6
52-wk high :
912
Bole Toh?

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

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

2. Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd undervalued or overvalued?

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.

3. Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd a good buy now?

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

10 Year X-Ray of GNFC:

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 6.2%5.1%-0.4%5.2%7.4%16%14.5%8.7%11.7%24.6%-
Value Creation Index -0.6-0.6-1.0-0.6-0.50.20.0-0.4-0.10.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,2534,8474,6424,5524,5895,8375,8965,1625,1298,6429,944
YoY Gr. Rt. %-14%-4.2%-1.9%0.8%27.2%1%-12.4%-0.7%68.5%-
Adj EPS 17.818.7-14.49.819.749.746.331.444.5109.9130.8
YoY Gr. Rt. %-5%-177.3%NA100.4%152.7%-7%-32.1%41.8%146.9%-
BVPS (₹) 174.8265.7232209.2244.6286.8321.5336385508.2544.8
Adj Net Profit 276290-2241533067737194886921,7082,033
Cash Flow from Ops. -16011.14909961,4451,8197012861,8841,967-
Debt/CF from Ops. -19.93527.83.11.40.20.3300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.2%13.5%13.6%68.5%
Adj EPS 22.4%41.1%33.4%146.9%
BVPS 12.615.816.532
Share Price 23.1% 16.8% 47% 64.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 10.68.5-5.84.48.618.715.29.612.424.624.8
Op. Profit Mgn % 14.112.76.712.514.323.914.810.519.727.727.7
Net Profit Mgn % 6.56-4.83.46.713.212.29.513.519.820.4
Debt to Equity 1.211.110.50.100.200-
Working Cap Days 2743264083892801521502212061400
Cash Conv. Cycle 96123138137119799012191320

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 24.80%

Sales growth is growing at healthy rate in last 3 years 13.59%

Net Profit is growing at healthy rate in last 3 years 33.43%

Sales growth is good in last 4 quarters at 71.92%

No data to display

Latest Financials - Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 130.8 131.3
TTM Sales (₹ Cr.) 9,944 9,944
BVPS (₹.) 544.8 550.7
Reserves (₹ Cr.) 8,312 8,404
P/BV 1.22 1.21
PE 5.10 5.08
From the Market
52 Week Low / High (₹) 379.55 / 912.00
All Time Low / High (₹) 10.00 / 912.00
Market Cap (₹ Cr.) 10,369
Equity (₹ Cr.) 155.4
Face Value (₹) 10
Industry PE 10.2

Management X-Ray of GNFC :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GNFC

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

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.
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