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Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
(GNFC)
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Rating:77Outperform
Price Target:
₹683.00
▲(38.40% Upside)
Action:Reiterated
Date:08/20/26
The score is supported primarily by GNFC’s very strong, low-leverage balance sheet and an attractive valuation (low P/E with a ~3% dividend yield). Offsetting these positives are cyclical and less consistent earnings/cash-flow conversion and technically overbought momentum indicators that elevate near-term downside risk.
Positive Factors
Very Low Leverage
A near debt-free balance sheet gives GNFC resilience during fertilizer and chemical downcycles, reduces financing risk, and preserves flexibility to maintain operations or fund growth without relying heavily on external capital.
Negative Factors
Cyclical Profitability
The sharp decline from prior-cycle margins shows that earnings depend heavily on chemical spreads, fertilizer conditions, and input costs. Lower normalized profitability makes future results less predictable and limits margin durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
A near debt-free balance sheet gives GNFC resilience during fertilizer and chemical downcycles, reduces financing risk, and preserves flexibility to maintain operations or fund growth without relying heavily on external capital.
Read all positive factors
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (GNFC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹86.39B
Dividend Yield3.08%
Average Volume (3M)13.00K
Price to Earnings (P/E)8.3
Beta (1Y)1.19
Revenue Growth12.55%
EPS Growth84.52%
CountryIN
Employees2,134
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)70.55
Shares Outstanding146,940,690
10 Day Avg. Volume10,140
30 Day Avg. Volume12,997
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.59
Price to Sales (P/S)0.69
P/FCF Ratio11.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Business Overview & Revenue Model
Company Description
Established in 1976 and headquartered in Bharuch, India, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) is a prominent manufacturer and marketer of a diverse range of fertilizers and chemicals, catering to both domestic and internat...
How the Company Makes Money
GNFC makes money primarily by manufacturing and selling fertilizers and chemicals, with revenue driven by volumes sold, product mix, and realized selling prices across its business segments.
1) Fertilizers (agri inputs): A key revenue stream come...
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 84.10B | 77.73B | 83.93B | 78.95B | 102.07B | 86.23B |
| Gross Profit | 29.20B | 13.59B | 24.13B | 16.93B | 52.19B | 46.40B |
| EBITDA | 14.65B | 8.78B | 11.16B | 9.70B | 22.39B | 25.93B |
| Net Income | 10.37B | 8.08B | 5.97B | 4.97B | 14.72B | 17.10B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 113.59B | 110.03B | 106.72B | 116.96B | 107.34B |
| Cash, Cash Equivalents and Short-Term Investments | 18.04B | 18.04B | 30.52B | 16.47B | 22.72B | 8.67B |
| Total Debt | 0.00 | 60.00M | 1.06B | 27.30M | 19.80M | 17.70M |
| Total Liabilities | -91.15B | 22.44B | 24.28B | 23.63B | 25.90B | 27.44B |
| Stockholders Equity | 91.15B | 91.15B | 85.75B | 83.09B | 91.05B | 79.90B |
Cash Flow | ||||||
| Free Cash Flow | -340.00M | 4.56B | 1.53B | -2.20B | 12.00B | 18.29B |
| Operating Cash Flow | 3.14B | 10.02B | 6.06B | 312.80M | 13.73B | 19.67B |
| Investing Cash Flow | 280.00M | -5.84B | -4.66B | 12.35B | -12.29B | -18.99B |
| Financing Cash Flow | -2.64B | -2.64B | -2.62B | -12.81B | -1.60B | -1.30B |
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Technical Analysis
Positive
493.50
Price Trends
538.91
Positive
512.14
Positive
490.29
Positive
Market Momentum
19.21
Negative
61.38
Neutral
55.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GNFC, the sentiment is Positive. The current price of 493.5 is below the 20-day moving average (MA) of 560.25, below the 50-day MA of 538.91, and above the 200-day MA of 490.29, indicating a bullish trend. The MACD of 19.21 indicates Negative momentum. The RSI at 61.38 is Neutral, neither overbought nor oversold. The STOCH value of 55.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GNFC.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹86.39B | 8.28 | ― | 3.68% | 12.55% | 84.52% | |
74 Outperform | ₹73.56B | 127.14 | ― | 0.10% | 33.90% | 55.30% | |
64 Neutral | ₹184.41B | 18.98 | ― | 0.64% | 13.63% | 0.30% | |
57 Neutral | ₹53.37B | 79.63 | ― | 2.25% | 7.07% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹238.99B | 30.94 | ― | 0.45% | 8.20% | 29.06% | |
46 Neutral | ₹159.50B | -7.50 | ― | 1.42% | 2.04% | -742.43% |
* General Sector Average
IN:GNFC
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
583.90
81.60
16.25%
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1,477.20
66.94
4.75%
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1,741.25
1,174.08
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IN:TATACHEM
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634.30
-269.46
-29.82%
Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Corporate Events
GNFC Alerts Shareholders on Pending Dividends Ahead of IEPF Share Transfer
Aug 18, 2026
Gujarat Narmada Valley Fertilizers Chemicals Ltd. has notified exchanges that it has issued letters to shareholders whose dividends have remained unclaimed or unencashed for seven or more consecutive years, in line with Section 124(6) of the Comp...
GNFC Sets Timeline for 50th AGM and Dividend Eligibility
Aug 8, 2026
Gujarat Narmada Valley Fertilizers Chemicals has scheduled its 50th Annual General Meeting for Wednesday, September 16, 2026, at 3:00 p.m. IST, to be conducted via video conferencing and deemed held at its registered office in Bharuch. The compan...
GNFC Sets Record Date and AGM Schedule for 50th Annual Meeting and Dividend
Aug 8, 2026
Gujarat Narmada Valley Fertilizers Chemicals Ltd. has scheduled its 50th Annual General Meeting for Wednesday, September 16, 2026, at 3:00 p.m. IST, to be conducted via video conferencing and other audio-visual means, with proceedings deemed to o...
GNFC Appoints M/s K G Goyal & Associates as Cost Auditors for FY 2026-27
Aug 5, 2026
Gujarat Narmada Valley Fertilizers Chemicals Ltd. has announced that, following the Audit Committee’s recommendation, its board has approved the appointment of M/s K G Goyal Associates as cost auditors for the financial year 2026-27. The m...
GNFC Sees Rs.61 Crore Gain From Revised Urea Energy Norms at Bharuch Unit
Aug 1, 2026
The Department of Fertilizers under India’s Ministry of Chemicals Fertilizers has revised the energy norm applicable to Gujarat Narmada Valley Fertilizers Chemicals’ Bharuch neem-coated urea unit, effective from April 1, 2025 to Marc...
GNFC Posts Q4 FY26 Earnings Call Transcript to Bolster Investor Communication
May 23, 2026
Gujarat Narmada Valley Fertilizers Chemicals Ltd. operates in the fertilizers and chemicals industry, producing agricultural nutrients and industrial chemical products for domestic and industrial markets in India. The company serves both farming ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.