Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Gujarat Narmada Valley Fert. & Chem. Is one of Indias leading companies engaged in the manufacturing and selling of fertilizers, industrial chemical products and rendering IT services.

  • Market Cap: 3,250 Cr.
  • Current Price: 209.10
  • 52 weeks High / Low 232.50 / 95.55
  • Book Value: 336.03
  • Stock P/E: 7.49
  • Dividend Yield: 2.39 %
  • ROCE: 7.62 %
  • ROE: 9.76 %
  • Sales Growth (3Yrs): 4.00 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Stock is trading at 0.62 times its book value
Cons:
The company has delivered a poor growth of 2.15% over past five years.
Tax rate seems low
Earnings include an other income of Rs.220.70 Cr.
Debtor days have increased from 82.25 to 99.93 days.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Fertilizers // Industry: Fertilizers

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
1,506.75 1,590.89 1,764.37 1,604.76 1,641.16 1,219.16 1,430.94 1,209.94 1,332.35 1,277.66 1,342.47 700.23
1,187.39 1,162.60 1,293.29 1,293.02 1,269.45 1,139.23 1,326.16 1,113.78 1,216.49 1,110.64 1,179.80 724.48
Operating Profit 319.36 428.29 471.08 311.74 371.71 79.93 104.78 96.16 115.86 167.02 162.67 -24.25
OPM % 21.20% 26.92% 26.70% 19.43% 22.65% 6.56% 7.32% 7.95% 8.70% 13.07% 12.12% -3.46%
Other Income 23.53 33.54 51.06 32.94 41.07 74.70 71.83 35.87 39.40 35.11 42.29 103.90
Interest 29.53 22.62 14.05 3.65 1.30 0.49 0.94 1.14 0.61 1.34 2.18 11.68
Depreciation 68.08 68.30 66.84 66.71 65.57 66.00 64.67 64.16 67.02 66.90 66.25 66.03
Profit before tax 245.28 370.91 441.25 274.32 345.91 88.14 111.00 66.73 87.63 133.89 136.53 1.94
Tax % 32.28% 38.56% 25.44% 32.37% 14.33% -88.02% 15.68% 0.45% 6.58% 16.51% -74.88% 22.68%
Net Profit 166.11 227.88 328.98 185.52 296.33 165.72 93.60 66.43 81.86 111.79 238.77 1.50
EPS in Rs 10.69 14.66 21.17 11.94 19.06 10.66 6.02 4.27 5.27 7.19 15.36 0.10
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
2,919 2,614 2,841 3,862 4,253 4,847 4,642 4,552 4,589 5,837 5,896 5,162 4,653
2,482 2,330 2,462 3,311 3,659 4,231 4,662 3,989 3,936 4,447 5,028 4,621 4,231
Operating Profit 438 284 379 551 593 616 -21 563 653 1,391 868 542 421
OPM % 15% 11% 13% 14% 14% 13% -0% 12% 14% 24% 15% 10% 9%
Other Income 64 78 144 30 40 45 52 252 517 142 221 153 221
Interest 28 25 20 34 63 92 274 297 203 100 6 5 16
Depreciation 120 117 121 131 149 145 209 251 251 270 263 264 266
Profit before tax 354 220 381 417 422 424 -452 268 715 1,162 819 425 360
Tax % 36% 44% 30% 32% 35% 31% 0% 35% 27% 32% 10% -17%
Net Profit 228 124 267 284 273 292 -452 173 521 790 741 499 434
EPS in Rs 14.08 7.43 16.62 17.69 16.98 18.21 0.00 11.11 33.54 50.80 47.69 32.10 27.92
Dividend Payout % 22% 41% 19% 19% 20% 19% 0% 18% 15% 15% 15% 16%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:7.04%
5 Years:2.15%
3 Years:4.00%
TTM:-15.42%
Compounded Profit Growth
10 Years:14.54%
5 Years:25.42%
3 Years:19.19%
TTM:-30.25%
Stock Price CAGR
10 Years:5.56%
5 Years:29.28%
3 Years:-11.64%
1 Year:-0.33%
Return on Equity
10 Years:9.50%
5 Years:12.21%
3 Years:14.47%
Last Year:9.76%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Corp Actions
Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
155 155 155 155 155 155 155 155 155 155 155 155
Reserves 1,859 1,924 2,131 2,352 2,562 2,790 2,325 3,122 3,646 4,303 4,842 5,067
Borrowings 356 555 1,140 1,990 3,196 3,904 3,844 3,101 1,959 303 208 860
604 654 835 1,192 1,109 2,420 2,164 2,130 2,142 2,411 2,337 2,261
Total Liabilities 2,974 3,288 4,262 5,689 7,022 9,270 8,488 8,509 7,903 7,172 7,542 8,344
1,229 1,169 1,213 1,605 1,807 4,873 4,468 4,367 4,442 4,161 3,959 3,810
CWIP 420 1,030 1,385 1,867 2,752 23 13 9 14 14 25 82
Investments 88 90 87 98 130 132 145 729 762 726 732 596
1,236 999 1,577 2,119 2,332 4,241 3,861 3,404 2,683 2,271 2,826 3,856
Total Assets 2,974 3,288 4,262 5,689 7,022 9,270 8,488 8,509 7,903 7,172 7,542 8,344

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
336 862 79 253 -160 11 490 996 1,445 1,819 701 286
-373 -709 -719 -735 -808 -394 -284 36 -53 49 -310 -901
-59 115 460 639 889 334 -363 -1,037 -1,073 -1,400 -185 546
Net Cash Flow -96 268 -180 156 -79 -48 -156 -5 320 468 206 -69

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 17% 10% 13% 11% 9% 8% -3% 9% 10% 24% 17% 8%
Debtor Days 36 2 56 74 101 110 107 119 88 70 77 100
Inventory Turnover 4.69 4.23 4.38 5.00 4.77 4.85 4.35 4.22 4.36 5.10 4.97 4.05

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
41.21 41.21 41.20 41.20 41.20 41.20 41.18 41.18 41.18 41.18 41.18 41.18
9.27 9.68 9.35 11.08 12.31 12.67 14.04 14.16 13.74 12.88 12.36 9.94
16.80 15.14 15.07 13.26 13.44 13.60 13.59 13.82 14.04 14.26 14.73 14.91
32.73 33.97 34.38 34.46 33.04 32.53 31.19 30.83 31.04 31.67 31.73 33.96