Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Gujarat State Investments Limited (GSIL), a Government of Gujarat undertaking, and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). The company was set up in Bharuch in 1976 while its manufacturing and marketing operations were started in 1982. The company operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services. In the chemical segment, it has a product portfolio of various bulk chemicals that are used in industries for manufacturing various specialty chemicals as well as end products.
- Market Cap ₹ 10,185 Cr.
- Current Price ₹ 693
- High / Low ₹ 815 / 532
- Stock P/E 21.0
- Book Value ₹ 558
- Dividend Yield 4.28 %
- ROCE 7.72 %
- ROE 5.64 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.34%.
- Company has been maintaining a healthy dividend payout of 30.3%
Cons
- Earnings include an other income of Rs.469 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,253 | 4,847 | 4,642 | 4,552 | 4,589 | 5,837 | 5,896 | 5,162 | 5,129 | 8,642 | 10,227 | 7,930 | |
3,659 | 4,231 | 4,662 | 3,989 | 3,936 | 4,445 | 5,022 | 4,621 | 4,125 | 6,259 | 8,348 | 7,427 | |
Operating Profit | 593 | 616 | -21 | 563 | 653 | 1,392 | 874 | 542 | 1,003 | 2,384 | 1,879 | 503 |
OPM % | 14% | 13% | -0% | 12% | 14% | 24% | 15% | 10% | 20% | 28% | 18% | 6% |
40 | 45 | 52 | 252 | 517 | 140 | 215 | 153 | 237 | 209 | 361 | 469 | |
Interest | 63 | 92 | 274 | 297 | 203 | 100 | 6 | 5 | 20 | 3 | 5 | 13 |
Depreciation | 149 | 145 | 209 | 251 | 251 | 270 | 263 | 264 | 272 | 292 | 303 | 308 |
Profit before tax | 422 | 424 | -452 | 268 | 715 | 1,162 | 819 | 425 | 948 | 2,298 | 1,932 | 651 |
Tax % | 35% | 31% | 0% | 35% | 27% | 32% | 10% | -17% | 27% | 26% | 24% | 26% |
273 | 292 | -452 | 173 | 521 | 790 | 741 | 499 | 689 | 1,704 | 1,464 | 485 | |
EPS in Rs | 17.57 | 18.81 | -29.09 | 11.11 | 33.54 | 50.80 | 47.69 | 32.10 | 44.35 | 109.62 | 94.20 | 33.01 |
Dividend Payout % | 20% | 19% | 0% | 18% | 15% | 15% | 15% | 16% | 18% | 9% | 32% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 16% |
TTM: | -22% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | -8% |
3 Years: | -11% |
TTM: | -67% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 26% |
3 Years: | 22% |
1 Year: | 12% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 14% |
3 Years: | 15% |
Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 147 |
Reserves | 2,562 | 2,790 | 2,325 | 3,122 | 3,646 | 4,303 | 4,842 | 5,067 | 5,828 | 7,743 | 8,851 | 8,051 |
3,196 | 3,904 | 3,844 | 3,101 | 1,959 | 303 | 208 | 860 | 4 | 2 | 2 | 3 | |
1,109 | 2,420 | 2,164 | 2,130 | 2,142 | 2,411 | 2,337 | 2,261 | 2,321 | 2,764 | 2,613 | 2,360 | |
Total Liabilities | 7,022 | 9,270 | 8,488 | 8,509 | 7,903 | 7,172 | 7,542 | 8,344 | 8,309 | 10,664 | 11,621 | 10,561 |
1,807 | 4,873 | 4,468 | 4,367 | 4,442 | 4,161 | 3,959 | 3,810 | 3,720 | 3,578 | 3,381 | 3,238 | |
CWIP | 2,752 | 23 | 13 | 9 | 14 | 14 | 25 | 82 | 161 | 138 | 187 | 289 |
Investments | 130 | 132 | 145 | 729 | 762 | 726 | 732 | 596 | 853 | 1,222 | 3,106 | 2,919 |
2,332 | 4,241 | 3,861 | 3,404 | 2,683 | 2,271 | 2,826 | 3,856 | 3,575 | 5,727 | 4,946 | 4,115 | |
Total Assets | 7,022 | 9,270 | 8,488 | 8,509 | 7,903 | 7,172 | 7,542 | 8,344 | 8,309 | 10,664 | 11,621 | 10,561 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-160 | 11 | 490 | 996 | 1,445 | 1,819 | 701 | 286 | 1,884 | 1,967 | 1,373 | 32 | |
-808 | -394 | -284 | 36 | -53 | 49 | -310 | -901 | -856 | -1,899 | -1,229 | 1,235 | |
889 | 334 | -363 | -1,037 | -1,073 | -1,400 | -185 | 546 | -934 | -130 | -160 | -1,281 | |
Net Cash Flow | -79 | -48 | -156 | -5 | 320 | 468 | 206 | -69 | 95 | -62 | -16 | -14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 101 | 110 | 107 | 119 | 88 | 70 | 77 | 100 | 36 | 26 | 13 | 29 |
Inventory Days | 93 | 99 | 98 | 107 | 110 | 98 | 106 | 125 | 129 | 91 | 84 | 91 |
Days Payable | 32 | 35 | 39 | 40 | 57 | 61 | 50 | 68 | 63 | 59 | 42 | 42 |
Cash Conversion Cycle | 162 | 173 | 166 | 186 | 142 | 107 | 132 | 156 | 103 | 58 | 55 | 77 |
Working Capital Days | 73 | 119 | 139 | 122 | 112 | 71 | 89 | 178 | 68 | 97 | 46 | 86 |
ROCE % | 9% | 8% | -3% | 9% | 10% | 24% | 17% | 8% | 16% | 33% | 23% | 8% |
Documents
Announcements
- Closure of Trading Window 1d
- Board Meeting Intimation for Consideration Of Unaudited Financial Results For The Quarter Ended 30Th June, 2024. 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Jul
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
5 Jul - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th June, 2024.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 28 Jun
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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Aug 2021TranscriptPPT
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May 2021TranscriptPPT
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Mar 2021TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
Business Segments
GNFC is into the manufacturing and marketing of fertilizers, pesticides, industrial chemicals and also has an IT products division.