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 ₹ 8,258 Cr.
- Current Price ₹ 531
- High / Low ₹ 912 / 499
- Stock P/E 4.16
- Book Value ₹ 546
- Dividend Yield 1.88 %
- ROCE 33.1 %
- ROE 24.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.97 times its book value
- Company is expected to give good quarter
- Company has delivered good profit growth of 42.0% CAGR over last 5 years
- Debtor days have improved from 54.2 to 26.4 days.
Cons
* 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.
Peer comparison
Sector: Fertilizers Industry: Fertilizers
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,841 | 3,862 | 4,253 | 4,847 | 4,642 | 4,552 | 4,589 | 5,837 | 5,896 | 5,162 | 5,129 | 8,642 | 10,435 | |
2,462 | 3,311 | 3,659 | 4,231 | 4,662 | 3,989 | 3,936 | 4,445 | 5,022 | 4,621 | 4,125 | 6,259 | 7,804 | |
Operating Profit | 379 | 551 | 593 | 616 | -21 | 563 | 653 | 1,392 | 874 | 542 | 1,003 | 2,384 | 2,631 |
OPM % | 13% | 14% | 14% | 13% | -0% | 12% | 14% | 24% | 15% | 10% | 20% | 28% | 25% |
144 | 30 | 40 | 45 | 52 | 252 | 517 | 140 | 215 | 153 | 237 | 209 | 270 | |
Interest | 20 | 34 | 63 | 92 | 274 | 297 | 203 | 100 | 6 | 5 | 20 | 3 | 5 |
Depreciation | 121 | 131 | 149 | 145 | 209 | 251 | 251 | 270 | 263 | 264 | 272 | 292 | 304 |
Profit before tax | 381 | 417 | 422 | 424 | -452 | 268 | 715 | 1,162 | 819 | 425 | 948 | 2,298 | 2,593 |
Tax % | 30% | 32% | 35% | 31% | -0% | 35% | 27% | 32% | 10% | -17% | 27% | 26% | |
Net Profit | 267 | 284 | 273 | 292 | -452 | 173 | 521 | 790 | 741 | 499 | 689 | 1,704 | 1,988 |
EPS in Rs | 17.15 | 18.26 | 17.57 | 18.81 | -29.09 | 11.11 | 33.54 | 50.80 | 47.69 | 32.10 | 44.35 | 109.62 | 127.89 |
Dividend Payout % | 19% | 19% | 20% | 19% | -0% | 18% | 15% | 15% | 15% | 16% | 18% | 9% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 14% |
3 Years: | 14% |
TTM: | 55% |
Compounded Profit Growth | |
---|---|
10 Years: | 20% |
5 Years: | 42% |
3 Years: | 32% |
TTM: | 86% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 3% |
3 Years: | 43% |
1 Year: | 3% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 17% |
3 Years: | 16% |
Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | |
Reserves | 2,131 | 2,352 | 2,562 | 2,790 | 2,325 | 3,122 | 3,646 | 4,303 | 4,842 | 5,067 | 5,828 | 7,743 | 8,335 |
1,140 | 1,990 | 3,196 | 3,904 | 3,844 | 3,101 | 1,959 | 303 | 208 | 860 | 4 | 2 | 8 | |
835 | 1,192 | 1,109 | 2,420 | 2,164 | 2,130 | 2,142 | 2,411 | 2,337 | 2,261 | 2,321 | 2,747 | 2,929 | |
Total Liabilities | 4,262 | 5,689 | 7,022 | 9,270 | 8,488 | 8,509 | 7,903 | 7,172 | 7,542 | 8,344 | 8,309 | 10,648 | 11,427 |
1,213 | 1,605 | 1,807 | 4,873 | 4,468 | 4,367 | 4,442 | 4,161 | 3,959 | 3,810 | 3,720 | 3,578 | 3,508 | |
CWIP | 1,385 | 1,867 | 2,752 | 23 | 13 | 9 | 14 | 14 | 25 | 82 | 161 | 138 | 108 |
Investments | 87 | 98 | 130 | 132 | 145 | 729 | 762 | 726 | 732 | 596 | 853 | 1,222 | 1,495 |
1,577 | 2,119 | 2,332 | 4,241 | 3,861 | 3,404 | 2,683 | 2,271 | 2,826 | 3,856 | 3,575 | 5,710 | 6,316 | |
Total Assets | 4,262 | 5,689 | 7,022 | 9,270 | 8,488 | 8,509 | 7,903 | 7,172 | 7,542 | 8,344 | 8,309 | 10,648 | 11,427 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
79 | 253 | -160 | 11 | 490 | 996 | 1,445 | 1,819 | 701 | 286 | 1,884 | 1,967 | |
-719 | -735 | -808 | -394 | -284 | 36 | -53 | 49 | -310 | -901 | -856 | -1,899 | |
460 | 639 | 889 | 334 | -363 | -1,037 | -1,073 | -1,400 | -185 | 546 | -934 | -130 | |
Net Cash Flow | -180 | 156 | -79 | -48 | -156 | -5 | 320 | 468 | 206 | -69 | 95 | -62 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 74 | 101 | 110 | 107 | 119 | 88 | 70 | 77 | 100 | 36 | 26 |
Inventory Days | 111 | 99 | 93 | 99 | 98 | 107 | 110 | 98 | 106 | 125 | 129 | 91 |
Days Payable | 66 | 77 | 32 | 35 | 39 | 40 | 57 | 61 | 50 | 68 | 63 | 58 |
Cash Conversion Cycle | 101 | 95 | 162 | 173 | 166 | 186 | 142 | 107 | 132 | 156 | 103 | 60 |
Working Capital Days | 40 | -8 | 73 | 119 | 139 | 122 | 112 | 71 | 89 | 178 | 68 | 97 |
ROCE % | 13% | 11% | 9% | 8% | -3% | 9% | 10% | 24% | 17% | 8% | 16% | 33% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Feb - Senior Management of the Company is scheduled to meet the Investors / Analysts on Wednesday , 08th February , 2023 at 3:30 PM IST through …
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Announcement under Regulation 30 (LODR)-Resignation of Director
1 Feb - Listing Obligations and Disclosure Requirement)Regulations, 2015, we hereby intimate the change (Resignation) taken place in the Company's Directorate
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Feb - Listing Obligations and Disclosure Requirement) Regulations, 2015, we hereby intimate the change taken place in the Company's Directorate.
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Feb - Listing Obligations and Disclosure Requirement) Regulations, 2015, we hereby intimate the change taken place in the Company's Directorate.
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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Concalls
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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 Overview:[1]
GNFC is into the manufacturing and marketing of fertilizers, pesticides, industrial chemicals and also has an IT products division. The products and services offered by the company are-