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 ₹ 11,472 Cr.
- Current Price ₹ 737
- High / Low ₹ 744 / 484
- Stock P/E 12.3
- Book Value ₹ 568
- Dividend Yield 4.07 %
- ROCE 22.6 %
- ROE 17.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.07%.
- Company has been maintaining a healthy dividend payout of 19.5%
- Company's working capital requirements have reduced from 70.5 days to 46.0 days
Cons
- Earnings include an other income of Rs.440 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
2,449 | 4,642 | 4,552 | 4,589 | 5,837 | 5,896 | 5,162 | 5,129 | 8,642 | 10,227 | 8,676 | |
1,873 | 4,662 | 3,989 | 4,228 | 4,445 | 5,022 | 4,621 | 4,125 | 6,259 | 8,348 | 7,595 | |
Operating Profit | 575 | -21 | 563 | 361 | 1,392 | 874 | 542 | 1,003 | 2,384 | 1,879 | 1,081 |
OPM % | 23% | -0% | 12% | 8% | 24% | 15% | 10% | 20% | 28% | 18% | 12% |
75 | 52 | 252 | 809 | 140 | 215 | 153 | 237 | 209 | 361 | 440 | |
Interest | 43 | 274 | 297 | 203 | 100 | 6 | 5 | 20 | 3 | 5 | 4 |
Depreciation | 111 | 209 | 251 | 251 | 270 | 263 | 264 | 272 | 292 | 303 | 304 |
Profit before tax | 496 | -452 | 268 | 715 | 1,162 | 819 | 425 | 948 | 2,298 | 1,932 | 1,213 |
Tax % | 34% | 0% | 35% | 27% | 32% | 10% | -17% | 27% | 26% | 24% | |
326 | -443 | 180 | 529 | 795 | 750 | 508 | 697 | 1,710 | 1,472 | 932 | |
EPS in Rs | 21.23 | -28.50 | 11.57 | 34.02 | 51.15 | 48.24 | 32.69 | 44.84 | 110.05 | 94.68 | 59.97 |
Dividend Payout % | 20% | 0% | 17% | 15% | 15% | 15% | 15% | 18% | 9% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 26% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 43% |
TTM: | -53% |
Stock Price CAGR | |
---|---|
10 Years: | 27% |
5 Years: | 17% |
3 Years: | 48% |
1 Year: | 24% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 146 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 |
Reserves | 1,073 | 2,364 | 3,168 | 3,700 | 4,362 | 4,909 | 5,144 | 5,913 | 7,835 | 8,950 | 8,674 |
334 | 3,844 | 3,101 | 1,959 | 303 | 208 | 860 | 4 | 2 | 2 | 173 | |
1,225 | 2,164 | 2,130 | 2,142 | 2,411 | 2,337 | 2,261 | 2,321 | 2,764 | 2,613 | 2,995 | |
Total Liabilities | 2,778 | 8,527 | 8,555 | 7,956 | 7,231 | 7,609 | 8,421 | 8,394 | 10,755 | 11,720 | 11,997 |
1,116 | 4,468 | 4,367 | 4,442 | 4,161 | 3,959 | 3,810 | 3,720 | 3,578 | 3,381 | 3,332 | |
CWIP | 49 | 13 | 9 | 14 | 14 | 25 | 82 | 161 | 138 | 187 | 186 |
Investments | 149 | 184 | 775 | 816 | 785 | 799 | 673 | 938 | 1,313 | 3,205 | 3,233 |
1,464 | 3,861 | 3,404 | 2,683 | 2,271 | 2,826 | 3,856 | 3,575 | 5,727 | 4,946 | 5,246 | |
Total Assets | 2,778 | 8,527 | 8,555 | 7,956 | 7,231 | 7,609 | 8,421 | 8,394 | 10,755 | 11,720 | 11,997 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
358 | 490 | 996 | 1,445 | 1,819 | 701 | 286 | 1,884 | 1,967 | 1,373 | |
-82 | -284 | 36 | -53 | 49 | -310 | -901 | -856 | -1,899 | -1,229 | |
-295 | -363 | -1,037 | -1,073 | -1,400 | -185 | 546 | -934 | -130 | -160 | |
Net Cash Flow | -19 | -156 | -5 | 320 | 468 | 206 | -69 | 95 | -62 | -16 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2006 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 69 | 107 | 119 | 88 | 70 | 77 | 100 | 36 | 26 | 13 |
Inventory Days | 96 | 98 | 107 | 110 | 98 | 106 | 125 | 129 | 91 | 84 |
Days Payable | 75 | 39 | 40 | 57 | 61 | 50 | 68 | 63 | 59 | 42 |
Cash Conversion Cycle | 89 | 166 | 186 | 142 | 107 | 132 | 156 | 103 | 58 | 55 |
Working Capital Days | 75 | 139 | 122 | 112 | 71 | 89 | 178 | 68 | 97 | 46 |
ROCE % | 9% | 10% | 24% | 16% | 8% | 16% | 33% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Nov - Newspaper Advertisement - Regulation 47 of SEBI (LODR) Regulations, 2015 informing about the dispatch of letter of offer dated November 29, 2023 for the Buyback …
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Corporate Action-Updates on Buy back
29 Nov - Letter of offer dated November 29, 2023 for Buy-back of up to 84,78,100 equity shares of face value of Rs. 10 each (Equity Shares) at …
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 20 Nov
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 13 Nov
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Nov - Copy of Public Announcement dated November 09, 2023 for the Buy-Back of Equity shares of the Company published in Newspapers.
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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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 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-