Gujarat Narmada Valley Fertilizers & Chemicals Ltd

₹ 607 0.59%
25 Nov - close price
About

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.

Key Points

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-

  • Market Cap 9,437 Cr.
  • Current Price 607
  • High / Low 912 / 399
  • Stock P/E 4.73
  • Book Value 552
  • Dividend Yield 1.65 %
  • ROCE 32.7 %
  • ROE 24.3 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.10 times its book value
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 41.4% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,332 1,278 1,342 700 1,187 1,508 1,733 1,394 2,096 2,380 2,772 2,696 2,587
1,216 1,111 1,180 724 993 1,145 1,263 1,001 1,665 1,706 1,886 1,934 2,278
Operating Profit 116 167 163 -24 194 363 470 393 431 674 886 762 309
OPM % 9% 13% 12% -3% 16% 24% 27% 28% 21% 28% 32% 28% 12%
39 35 42 104 39 45 49 43 58 48 61 76 85
Interest 1 1 2 12 6 1 1 1 1 1 1 2 1
Depreciation 67 67 66 66 68 70 68 70 71 77 74 76 77
Profit before tax 88 134 137 2 159 337 450 366 417 644 871 761 316
Tax % 7% 16% -75% 23% 13% 29% 31% 34% 32% 16% 26% 25% 25%
Net Profit 85 113 240 3 141 243 311 242 285 541 643 571 238
EPS in Rs 5.47 7.30 15.44 0.19 9.06 15.61 19.98 15.56 18.32 34.80 41.38 36.77 15.31
Raw PDF

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 TTM
2,449 4,642 4,552 4,589 5,837 5,896 5,162 5,129 8,642 10,435
1,873 4,662 3,989 4,228 4,445 5,022 4,621 4,125 6,259 7,804
Operating Profit 575 -21 563 361 1,392 874 542 1,003 2,384 2,631
OPM % 23% -0% 12% 8% 24% 15% 10% 20% 28% 25%
75 52 252 809 140 215 153 237 209 270
Interest 43 274 297 203 100 6 5 20 3 5
Depreciation 111 209 251 251 270 263 264 272 292 304
Profit before tax 496 -452 268 715 1,162 819 425 948 2,298 2,593
Tax % 34% -0% 35% 27% 32% 10% -17% 27% 26%
Net Profit 326 -443 180 529 795 750 508 697 1,710 1,993
EPS in Rs 21.23 -28.50 11.57 34.02 51.15 48.24 32.69 44.84 110.05 128.26
Dividend Payout % 20% -0% 17% 15% 15% 15% 15% 18% 9%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 14%
TTM: 55%
Compounded Profit Growth
10 Years: %
5 Years: 41%
3 Years: 32%
TTM: 85%
Stock Price CAGR
10 Years: 22%
5 Years: 7%
3 Years: 47%
1 Year: 47%
Return on Equity
10 Years: %
5 Years: 17%
3 Years: 16%
Last Year: 24%

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 Sep 2022
146 155 155 155 155 155 155 155 155 155
Reserves 1,073 2,364 3,168 3,700 4,362 4,909 5,144 5,913 7,835 8,430
334 3,844 3,101 1,959 303 208 860 4 2 8
1,225 2,164 2,130 2,142 2,411 2,337 2,261 2,321 2,747 2,929
Total Liabilities 2,778 8,527 8,555 7,956 7,231 7,609 8,421 8,394 10,739 11,522
1,116 4,468 4,367 4,442 4,161 3,959 3,810 3,720 3,578 3,508
CWIP 49 13 9 14 14 25 82 161 138 108
Investments 149 184 775 816 785 799 673 938 1,313 1,590
1,464 3,861 3,404 2,683 2,271 2,826 3,856 3,575 5,710 6,316
Total Assets 2,778 8,527 8,555 7,956 7,231 7,609 8,421 8,394 10,739 11,522

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
358 490 996 1,445 1,819 701 286 1,884 1,967
-82 -284 36 -53 49 -310 -901 -856 -1,899
-295 -363 -1,037 -1,073 -1,400 -185 546 -934 -130
Net Cash Flow -19 -156 -5 320 468 206 -69 95 -62

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
Debtor Days 69 107 119 88 70 77 100 36 26
Inventory Days 96 98 107 110 98 106 125 129 91
Days Payable 75 39 40 57 61 50 68 63 58
Cash Conversion Cycle 89 166 186 142 107 132 156 103 60
Working Capital Days 75 139 122 112 71 89 178 68 97
ROCE % 9% 10% 24% 16% 8% 16% 33%

Shareholding Pattern

Numbers in percentages

8 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
41.18 41.18 41.18 41.18 41.18 41.18 41.18 41.18 41.18 41.18 41.18 41.18
12.88 12.36 9.94 8.71 8.55 10.04 11.68 13.75 17.27 22.39 22.64 22.39
14.26 14.73 14.91 13.87 13.60 11.23 10.31 7.31 6.61 5.24 5.34 4.97
31.67 31.73 33.96 36.23 36.67 37.54 36.83 37.76 34.93 31.19 30.83 31.45

Documents

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