Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,271 | 1,652 | 2,080 | 2,088 | 2,110 | 2,021 | 1,917 | 1,899 | 2,055 | 1,601 | 1,968 | 1,996 | 2,208 |
| Expenses + | 1,902 | 1,547 | 1,911 | 2,004 | 1,965 | 1,868 | 1,827 | 1,767 | 1,815 | 1,570 | 1,783 | 1,815 | 1,726 |
| Operating Profit | 369 | 105 | 169 | 84 | 145 | 153 | 90 | 132 | 240 | 31 | 185 | 181 | 482 |
| OPM % | 16% | 6% | 8% | 4% | 7% | 8% | 5% | 7% | 12% | 2% | 9% | 9% | 22% |
| Other Income + | 123 | 88 | 152 | 121 | 108 | 99 | 123 | 157 | 122 | 150 | 127 | 97 | 125 |
| Interest | 1 | 1 | 1 | 7 | 4 | 17 | 2 | 3 | 1 | 2 | 1 | 1 | 2 |
| Depreciation | 74 | 76 | 78 | 76 | 78 | 78 | 76 | 75 | 74 | 74 | 81 | 73 | 79 |
| Profit before tax | 417 | 116 | 242 | 122 | 171 | 157 | 135 | 211 | 287 | 105 | 230 | 204 | 526 |
| Tax % | 20% | 27% | 26% | 22% | 26% | 27% | 24% | 25% | 27% | 26% | 23% | 26% | 25% |
| Net Profit + | 336 | 88 | 182 | 97 | 130 | 118 | 105 | 163 | 211 | 83 | 179 | 150 | 396 |
| EPS in Rs | 21.62 | 5.66 | 11.71 | 6.60 | 8.85 | 8.03 | 7.15 | 11.09 | 14.36 | 5.65 | 12.18 | 10.21 | 26.95 |
Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,642 | 4,552 | 4,589 | 5,837 | 5,896 | 5,162 | 5,129 | 8,642 | 10,227 | 7,930 | 7,892 | 7,773 |
| Expenses + | 4,662 | 3,989 | 4,228 | 4,445 | 5,022 | 4,621 | 4,125 | 6,259 | 8,348 | 7,428 | 7,277 | 6,894 |
| Operating Profit | -21 | 563 | 361 | 1,392 | 874 | 542 | 1,003 | 2,384 | 1,879 | 502 | 615 | 879 |
| OPM % | -0% | 12% | 8% | 24% | 15% | 10% | 20% | 28% | 18% | 6% | 8% | 11% |
| Other Income + | 52 | 252 | 809 | 140 | 215 | 153 | 237 | 209 | 361 | 469 | 501 | 499 |
| Interest | 274 | 297 | 203 | 100 | 6 | 5 | 20 | 3 | 5 | 13 | 23 | 6 |
| Depreciation | 209 | 251 | 251 | 270 | 263 | 264 | 272 | 292 | 303 | 308 | 303 | 307 |
| Profit before tax | -452 | 268 | 715 | 1,162 | 819 | 425 | 948 | 2,298 | 1,932 | 651 | 790 | 1,065 |
| Tax % | 0% | 35% | 27% | 32% | 10% | -17% | 27% | 26% | 24% | 26% | 26% | 25% |
| Net Profit + | -443 | 180 | 529 | 795 | 750 | 508 | 697 | 1,710 | 1,472 | 497 | 598 | 808 |
| EPS in Rs | -28.50 | 11.57 | 34.02 | 51.15 | 48.24 | 32.69 | 44.84 | 110.05 | 94.68 | 33.83 | 40.68 | 54.99 |
| Dividend Payout % | 0% | 17% | 15% | 15% | 15% | 15% | 18% | 9% | 32% | 49% | 44% | 38% |
Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 155 | 147 | 147 | 147 |
| Reserves | 2,364 | 3,168 | 3,700 | 4,362 | 4,909 | 5,144 | 5,913 | 7,835 | 8,950 | 8,162 | 8,429 | 8,968 |
| Borrowings + | 3,844 | 3,101 | 1,959 | 303 | 208 | 860 | 4 | 2 | 2 | 3 | 106 | 6 |
| Other Liabilities + | 2,164 | 2,130 | 2,142 | 2,411 | 2,337 | 2,261 | 2,321 | 2,764 | 2,613 | 2,405 | 2,366 | 2,238 |
| Total Liabilities | 8,527 | 8,555 | 7,956 | 7,231 | 7,609 | 8,421 | 8,394 | 10,755 | 11,720 | 10,717 | 11,047 | 11,359 |
| Fixed Assets + | 4,468 | 4,367 | 4,442 | 4,161 | 3,959 | 3,810 | 3,720 | 3,578 | 3,381 | 3,238 | 3,094 | 2,881 |
| CWIP | 13 | 9 | 14 | 14 | 25 | 82 | 161 | 138 | 187 | 289 | 382 | 900 |
| Investments | 184 | 775 | 816 | 785 | 799 | 673 | 938 | 1,313 | 3,205 | 3,030 | 2,304 | 1,692 |
| Other Assets + | 3,861 | 3,404 | 2,683 | 2,271 | 2,826 | 3,856 | 3,575 | 5,727 | 4,946 | 4,160 | 5,268 | 5,886 |
| Total Assets | 8,527 | 8,555 | 7,956 | 7,231 | 7,609 | 8,421 | 8,394 | 10,755 | 11,720 | 10,717 | 11,047 | 11,359 |
Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 490 | 996 | 1,445 | 1,819 | 701 | 286 | 1,884 | 1,967 | 1,373 | 31 | 605 | 654 |
| Cash from Investing Activity + | -284 | 36 | -53 | 49 | -310 | -901 | -856 | -1,899 | -1,229 | 1,235 | -466 | -231 |
| Cash from Financing Activity + | -363 | -1,037 | -1,073 | -1,400 | -185 | 546 | -934 | -130 | -160 | -1,281 | -262 | -269 |
| Net Cash Flow | -156 | -5 | 320 | 468 | 206 | -69 | 95 | -62 | -16 | -14 | -123 | 154 |
| Free Cash Flow | 207 | 931 | 1,358 | 1,850 | 603 | 155 | 1,669 | 1,829 | 1,202 | -218 | 154 | 108 |
| CFO/OP | -2,423% | 179% | 422% | 146% | 93% | 62% | 210% | 109% | 104% | 49% | 128% | 111% |
Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 107 | 119 | 88 | 70 | 77 | 100 | 36 | 26 | 13 | 29 | 20 | 30 |
| Inventory Days | 98 | 107 | 110 | 98 | 106 | 125 | 129 | 91 | 84 | 94 | 105 | 92 |
| Days Payable | 39 | 40 | 57 | 61 | 50 | 68 | 63 | 59 | 42 | 42 | 40 | 41 |
| Cash Conversion Cycle | 166 | 186 | 142 | 107 | 132 | 156 | 103 | 58 | 55 | 81 | 84 | 81 |
| Working Capital Days | 9 | 8 | 27 | 57 | 76 | 117 | 68 | 97 | 46 | 58 | 61 | 188 |
| ROCE % | 9% | 10% | 24% | 16% | 8% | 16% | 33% | 23% | 8% | 10% | 12% |