As of 6 Nov 2026, Gujarat Narmada Valley Fertilizers and Chemicals trades at 6.3× trailing earnings, below the industry P/E of 18.2×, and the shares are 29% below their 52-week high. It earns ROCE of 10% and ROE of 12%, and sales and net profit fell 8.8% and 18% a year over 3 years. It has almost no debt, and its dividend yield is 4.7%. It is a small-cap company with a market cap of ₹6,639 Cr, ranked 6th of 76 Chemicals companies by market cap; the shares fell 7.2% over the past year.
- ₹459.95
- ₹459.95
- ₹446.00
- ₹460.40
- 6.7 L
Health check
- ReturnsIn line
−7.2% over a year, better than 4 of 7 peers.
- Price tagCheaper
P/E 6.3 vs industry 18.2.
- GrowthShrinking
Sales −8.8%, profit −18.1% a year over 3 years.
- ProfitabilityAverage
ROCE 10.4% vs peer median 9.9%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹6,639 Cr
- Small cap
- P/E
- 6.3
- Industry 18.2
- Price to book
- 0.71
- Peers 3.23
- Dividend yield
- 4.65%
- ROE
- 11.7%
- Peers 13.3%
- ROCE
- 10.4%
- Peers 9.9%
- Debt to equity
- 0.01
- Debt ₹113 Cr
- EPS (TTM)
- ₹71.56
- Face value ₹10
- OPM (TTM)
- 13.6%
- Net margin 11.5%
- Sales growth
- +40.9%
- Latest quarter vs a year ago
- Profit growth
- +8.4%
- Latest quarter vs a year ago
- Price to sales
- 0.72
- EV/EBITDA 3.5
Strengths and risks
Strengths
- Practically debt-free.
- Dividend yield of 4.65%.
- Quarterly sales up 40.9% on a year ago.
- P/E of 6.3 against an industry P/E of 18.2.
- Positive operating cash flow in each of the last 4 years.
About Gujarat Narmada Valley Fertilizers and Chemicals
Gujarat Narmada Valley Fertilizers & Chemicals Limited engages in the manufacturing and selling of fertilizers, industrial chemical products and providing IT services in India and internationally. It operates in two segments, Chemical and Fertilizers. The Chemical segment offers chemicals and petrochemicals plants such as methanol, formic acid, acetic acid, toluene di- isocyanate (TDI), technical grade urea (TGU), weak nitric acid, concentrated nitric…
- Headquarters
- Bharuch
- Employees
- 1,971
- Sector
- Basic Materials
- ISIN
- INE113A01013
- Website
- gnfc.in
Price range
- Avg volume (3M)
- 8.4 L
- 1-year return
- minus 7.2%
- From 52-week high
- minus 29.0%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| FOSECOINDFoseco India | 5,958.50 | minus 1.72% | 4,513 | 45.8 | 35.4 | 9.0% | 21.3% | 0.00 | 16.5% | plus 6.5% |
| Median of 7 peers | – | −0.69% | 14,599 | 48.3 | 23.2 | 9.9% | 20.0% | 0.28 | 2.6% | −11.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,968 | 1,996 | 2,208 | 2,238 | 2,773 | |
| 1,783 | 1,815 | 1,726 | 1,845 | 2,576 | |
| 185 | 181 | 482 | 393 | 197 | |
| 9.4% | 9.1% | 21.8% | 17.6% | 7.1% | |
| 127 | 97 | 125 | 101 | 128 | |
| 1 | 1 | 2 | 2 | 1 | |
| 81 | 73 | 79 | 76 | 83 | |
| 230 | 204 | 526 | 416 | 241 | |
| 23.0% | 26.5% | 25.5% | 25.5% | 23.2% | |
| 179 | 150 | 396 | 312 | 194 | |
| 12.18 | 10.20 | 26.94 | 21.22 | 13.20 |
Profit & loss
- Sales CAGR 3Y
- −8.8%
- Profit CAGR 3Y
- −18.1%
- EPS CAGR 3Y
- −16.5%
- ROE
- 11.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10,207 | 7,895 | 7,858 | 7,731 | |
| – | minus 22.7% | minus 0.5% | minus 1.6% | |
| 8,234 | 7,299 | 7,126 | 6,783 | |
| 1,973 | 595 | 732 | 948 | |
| 19.3% | 7.5% | 9.3% | 12.3% | |
| 272 | 390 | 376 | 405 | |
| 3.2 | 10 | 21.7 | 4.6 | |
| 303 | 308 | 303 | 307 | |
| −7.7 | −17 | 6.9 | 23.2 | |
| 1,932 | 651 | 790 | 1,065 | |
| 24.2% | 25.5% | 25.9% | 25.1% | |
| 1,472 | 497 | 598 | 809 | |
| – | minus 66.2% | +20.3% | +35.3% | |
| 94.68 | 32.47 | 40.68 | 55.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 155 | 147 | 147 | 147 | |
| 8,950 | 8,162 | 8,429 | 8,968 | |
| 2 | 2.7 | 106 | 5.4 | |
| 2,588 | 2,360 | 2,322 | 2,239 | |
| 11,696 | 10,672 | 11,003 | 11,359 | |
| 3,561 | 3,515 | 3,622 | 3,872 | |
| 246 | 340 | 623 | 1,076 | |
| 2,964 | 2,365 | 1,686 | 1,000 | |
| 1,867 | 1,647 | 2,150 | 1,500 | |
| 3,057 | 2,804 | 2,921 | 3,911 | |
| 11,696 | 10,672 | 11,003 | 11,359 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,373 | 31.3 | 605 | 654 | |
| −1,229 | 1,235 | −466 | −230 | |
| −160 | −1,281 | −262 | −269 | |
| −16.5 | −14.2 | −123 | 155 | |
| −173 | −251 | −453 | −546 | |
| 1,200 | −220 | 152 | 108 | |
| −153 | −461 | −238 | −260 |
Shareholding pattern
- Promoters41.30%
- Public58.70%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 41.30% | 58.70% | 0.00 | |
| 30 Jun 2026 | 41.30% | 58.70% | 0.00 | |
| 31 Mar 2026 | 41.30% | 58.70% | 0.00 | |
| 31 Dec 2025 | 41.30% | 58.70% | 0.00 | |
| 30 Sep 2025 | 41.30% | 58.70% | – |
Major shareholders
Filings & events
News
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