
GNFC - Gujarat Narmada Valley Fert.Co.Ltd Share Price
Chemicals & Petrochemicals
Valuation | |
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Market Cap | 7.91 kCr |
Price/Earnings (Trailing) | 13.26 |
Price/Sales (Trailing) | 0.94 |
EV/EBITDA | 7.16 |
Price/Free Cashflow | 51.71 |
MarketCap/EBT | 10.01 |
Enterprise Value | 7.99 kCr |
Fundamentals | |
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Revenue (TTM) | 8.39 kCr |
Rev. Growth (Yr) | -1.8% |
Earnings (TTM) | 597 Cr |
Earnings Growth (Yr) | 62.3% |
Profitability | |
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Operating Margin | 9% |
EBT Margin | 9% |
Return on Equity | 6.96% |
Return on Assets | 5.43% |
Free Cashflow Yield | 1.93% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -1.4% |
Price Change 1M | -2.8% |
Price Change 6M | -3.2% |
Price Change 1Y | -19.6% |
3Y Cumulative Return | -6.6% |
5Y Cumulative Return | 27.2% |
7Y Cumulative Return | 3.9% |
10Y Cumulative Return | 24% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | -466 Cr |
Cash Flow from Operations (TTM) | 606 Cr |
Cash Flow from Financing (TTM) | -262 Cr |
Cash & Equivalents | 19 Cr |
Free Cash Flow (TTM) | 153 Cr |
Free Cash Flow/Share (TTM) | 10.41 |
Balance Sheet | |
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Total Assets | 11 kCr |
Total Liabilities | 2.43 kCr |
Shareholder Equity | 8.57 kCr |
Current Assets | 5.36 kCr |
Current Liabilities | 1.15 kCr |
Net PPE | 2.79 kCr |
Inventory | 1.26 kCr |
Goodwill | 0.00 |
Capital Structure & Leverage | |
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Debt Ratio | 0.01 |
Debt/Equity | 0.01 |
Interest Coverage | 33.35 |
Interest/Cashflow Ops | 27.35 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 46.5 |
Dividend Yield | 3.02% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | -5.5% |
Risk & Volatility | |
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Max Drawdown | -28.9% |
Drawdown Prob. (30d, 5Y) | 53.08% |
Risk Level (5Y) | 45.2% |
Summary of Latest Earnings Report from Gujarat Narmada Valley Fert.Co.
Summary of Gujarat Narmada Valley Fert.Co.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
The management of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) provided the following outlook and key points during their Q2 FY2024-25 earnings call:
Outlook:
- H2 FY2024-25 Expectations: Anticipated improvement in performance due to higher production volumes and no major plant downtimes (unlike H1, which saw shutdowns at Dahej). Chemical segment contributions are expected to stabilize with normalized realizations.
- CAPEX Projects: Three ongoing projects worth Rs.2,200 crore: weak nitric acid plant (Rs.1,400 crore), ammonia make-up loop (Rs.227 crore), and coal-based power plant (Rs.613 crore). A decision on the ammonium nitrate melt project is expected by January 2025.
- Strategic Initiatives: Kearney consultants are advising on future investment strategies and operational efficiency improvements to boost profitability.
Major Points:
Operational Challenges:
- Dahej TDI Plant: Production loss of ~14,000 MT in Q2 due to shutdowns, impacting chemical segment revenue and contribution (Rs.170 crore revenue loss, Rs.62 crore contribution loss).
- Chemical Segment Pressures: Weak demand for aniline, monsoon-related disruptions in ammonium nitrate (AN melt), and competitive pricing affected realizations.
Fertilizer Performance:
- Strong volume growth in complex fertilizers and urea, supported by full Dahej plant operations. Subsidy inflows remain consistent.
Financial Highlights:
- Cost Reductions: Lower personnel costs (provision write-backs), reduced catalyst expenses, and Rs.15 crore savings in finance costs.
- Segment Results: Fertilizer revenue rose, while chemical segment revenue declined.
Policy & Subsidies:
- Revised energy norms (effective April 2025) and urea fixed-cost revisions under discussion with the government.
Balance Sheet:
- Dividend outflows (Rs.230 crore) and CAPEX advances (Rs.190 crore). Cash reserves remain robust but include non-liquid investments (e.g., equity holdings).
The management remains focused on stabilizing chemical operations, leveraging CAPEX for growth, and improving margins through strategic initiatives. No specific guidance was provided on urea subsidy adjustments.
Last updated:
1. What was the volume lost at the Dahej TDI-II plant in Q2?
The Dahej TDI-II plant lost approximately 14,000 metric tons in Q2, with total production at 5,000 metric tons (entirely from TDI-I). Cumulative volume loss from June 2024 onward was 16,000 metric tons.
2. What was the PBT loss for TDI in Q2?
The PBT loss for Dahej TDI operations in Q2 was around Rs.62 crores due to reduced contribution and Rs.170 crore lower realizations. Combined with Q1's Rs.59 crore loss, total losses reached ~Rs.121 crore over H1.
3. When will the CNA plant achieve optimal utilization?
The CNA plant is expected to operate at 90"“100% capacity post-Dahej turnaround. Current utilization was lower due to captive demand shifts. Weak nitric acid (WNA) sales (21,000 tons in Q2) were prioritized for better realizations.
4. How is ammonia production allocated between fertilizers and chemicals?
Ammonia production is split ~58% for fertilizers and ~42% for chemicals. No external ammonia was sold; some was procured internally. Annual oil consumption for ammonia ranges 250,000"“270,000 metric tons, with prices stable despite crude volatility.
5. What is the methanol production outlook?
Methanol production totaled 66,000 metric tons in H1. Future output depends on natural gas prices and market realizations, with no fixed breakeven gas cost disclosed.
6. What is the status of ongoing CAPEX projects?
Of the Rs.2,200 crore CAPEX, Rs.250 crore was spent on the coal-based power plant (Rs.613 crore total), Rs.190 crore advanced for weak nitric acid expansion, and minimal spent on the ammonia loop (Rs.227 crore total).
7. How do cash reserves and subsidies impact financials?
Cash reserves stand at ~Rs.2,000 crore, with Rs.1,100 crore in non-liquid equity. Fixed-cost subsidy revisions (under government discussion) could improve fertilizer margins, but impact remains uncertain.
Revenue Breakdown
Analysis of Gujarat Narmada Valley Fert.Co.'s financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
Description | Share | Value |
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Chemicals | 62.8% | 1 kCr |
Fertilizers | 36.0% | 577 Cr |
Others | 1.2% | 19 Cr |
Total | 1.6 kCr |
Share Holdings
Understand Gujarat Narmada Valley Fert.Co. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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GUJARAT STATE INVESTMENTS LIMITED | 21.44% |
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED | 19.86% |
ICICI PRUDENTIAL EQUITY & DEBT FUND | 8.03% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Gujarat Narmada Valley Fert.Co. Better than it's peers?
Detailed comparison of Gujarat Narmada Valley Fert.Co. against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
COROMANDEL | Coromandel International | 72.02 kCr | 26.79 kCr | +3.70% | +50.20% | 31.8 | 2.69 | - | - |
NATIONALUM | National Aluminium Co. | 35.57 kCr | 17.14 kCr | +3.00% | +5.20% | 6.75 | 2.07 | - | - |
CHAMBLFERT | Chambal Fertilisers & Chemicals | 21.56 kCr | 16.86 kCr | -4.00% | +10.40% | 13.07 | 1.28 | - | - |
DEEPAKFERT | Deepak Fertilizers &Petrochemicals | 19.36 kCr | 10.36 kCr | -4.50% | +80.90% | 20.74 | 1.87 | - | - |
RCF | Rashtriya Chemicals & Fertilizers | 8.44 kCr | 17.1 kCr | -3.20% | -27.00% | 34.76 | 0.49 | - | - |
Sector Comparison: GNFC vs Chemicals & Petrochemicals
Comprehensive comparison against sector averages
Comparative Metrics
GNFC metrics compared to Chemicals
Category | GNFC | Chemicals |
---|---|---|
PE | 13.26 | 26.36 |
PS | 0.94 | 1.36 |
Growth | -0.1 % | 4.2 % |
Performance Comparison
GNFC vs Chemicals (2021 - 2025)
- 1. GNFC is among the Top 3 Commodity Chemicals companies by market cap.
- 2. The company holds a market share of 10.9% in Commodity Chemicals.
- 3. In last one year, the company has had a below average growth that other Commodity Chemicals companies.
Income Statement for Gujarat Narmada Valley Fert.Co.
Balance Sheet for Gujarat Narmada Valley Fert.Co.
Cash Flow for Gujarat Narmada Valley Fert.Co.
What does Gujarat Narmada Valley Fert.Co.Ltd do?
Gujarat Narmada Valley Fertilizers & Chemicals Limited manufactures and markets fertilizers and chemicals in India and internationally. It offers fertilizers, such as neem coated urea, ammonium nitro phosphate, neem de-oiled cake, diammonium phosphate, muriate of potash, single super phosphate, city compost, and neem pesticides under the NARMADA brand. The company also provides industrial chemicals, such as methanol, acetic acid, toluene di – isocyanate, aniline, concentrated nitric acid, weak nitric acid, formic acid, ammonium nitrate, ethyl acetate, methyl formate, calcium carbonate, nitrobenzene, catsol, and technical grade urea, as well as other products comprising hydrochloric acid, liquid nitrogen, ortho-toluene diamine, meta-toluene diamine, dilute sulphuric acid, dilute nitric acid, and sodium hypochlorite. In addition, it offers various information technology related hardware and software services The company was formerly known as Gujarat Narmada Valley Fertilizers Co. Ltd. Gujarat Narmada Valley Fertilizers & Chemicals Limited was incorporated in 1976 and is headquartered in Bharuch, India.