Arthneeti

Gujarat Narmada Valley Fertilizers & Chemicals Q1 FY27 Share Price & Earnings Call Analysis

₹517.45+0.57% today
Market cap
₹7,606 Cr
P/E
7.33
ROE
9.14%
PEG
-0.40
Price to sales
0.91
Debt to equity
0.00
52W high / low
₹630 / ₹366
Sales growth (5Y)
8.67%
EBITDA margin
14.76%
Net profit margin
10.40%
Promoter holding
41.30%
Sales (last year)
₹8,410 Cr

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.

Guidance scorecard · Q1 FY27 call

What Gujarat Narmada Valley Fertilizers & Chemicals Ltd's management guided
and where it ranks in Chemicals & Petrochemicals

#35of 71 in
Chemicals & Petrochemicals
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • The company anticipates an increase in revenue by INR1,200 crores to INR1,500 crores upon completion of ongoing projects.
  • Contribution (profit) is expected to improve by around INR500 crores to INR600 crores.
  • The capex of INR2,800 crores is related to 5 projects under execution; incremental turnover from these is expected but exact figures are pending project completion.
  • Fertilizer production includes a government-mandated minimum production of 637,000 metric tons of neem-coated urea; TGU production run rate is expected to be maintained at last fiscal year levels.
  • Gradual liquidation of built-up inventory started in July and August, helping improve sales realization.

2 more points from Gujarat Narmada Valley Fertilizers & Chemicals Ltd's call on revenue

Create a free account to keep reading this call

Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Gujarat Narmada Valley Fertilizers & Chemicals Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Current capex under execution is INR 2,800 crores, primarily for 5 ongoing projects.
  • Capex incurred in Q1 was INR 300 crores (capital work in progress).
  • Full year capex target is between INR 1,200 crores to INR 1,500 crores.
  • Except for the CCPP project (INR 613 crores), most projects will be operational by mid-2027 with partial capitalization this year.
  • Additional capex of around INR 1,500 crores is expected over the next 2 years (FY28 and FY29).

2 more points from Gujarat Narmada Valley Fertilizers & Chemicals Ltd's call on capex

Create a free account to keep reading this call

Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Gujarat Narmada Valley Fertilizers & Chemicals Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The company is undertaking a capex of about INR 2,800 crores on 5 ongoing projects with expected incremental revenue increase by INR 1,200 to 1,500 crores and contribution improvement of INR 500 to 600 crores once completed.
  • There is active management focus on margin improvement and cost-saving initiatives involving consultants from AT Kearney.
  • Digitization and AI initiatives are in a formative stage with a subsidiary, GNFC Encode, around INR 100 crores in size.
  • Market volatility currently limits precise guidance on order inflows or revenue projections.
Full Q1 FY27 analysis
Full Chemicals & Petrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Gujarat Narmada Valley Fertilizers & Chemicals Ltd rank?

Portfolio builder

Build your portfolio
from the top-ranked stocks

  1. 1. Pick 3–15 stocks
  2. 2. Choose large, mid or small cap and your sectors
  3. 3. Get a portfolio built from the rankings
Build my portfolio

Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹263 Cr3.4
240%+Flat₹4,375 Cr83.7
340%+Flat₹3,259 Cr4.0
440%+Flat₹145 Cr15.9
520–40%Up 2%+₹1.81L Cr90.9
620–40%Up 2%+₹48,366 Cr78.3

Sign up free to see every company in the sector ranking and track Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals ranking

Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,2711,6522,0802,0882,1102,0211,9171,8992,0551,6011,9681,9962,208
Expenses +1,9021,5471,9112,0041,9651,8681,8271,7671,8151,5701,7831,8151,726
Operating Profit369105169841451539013224031185181482
OPM %16%6%8%4%7%8%5%7%12%2%9%9%22%
Other Income +123881521211089912315712215012797125
Interest11174172312112
Depreciation74767876787876757474817379
Profit before tax417116242122171157135211287105230204526
Tax %20%27%26%22%26%27%24%25%27%26%23%26%25%
Net Profit +336881829713011810516321183179150396
EPS in Rs21.625.6611.716.608.858.037.1511.0914.365.6512.1810.2126.95

Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4,6424,5524,5895,8375,8965,1625,1298,64210,2277,9307,8927,773
Expenses +4,6623,9894,2284,4455,0224,6214,1256,2598,3487,4287,2776,894
Operating Profit-215633611,3928745421,0032,3841,879502615879
OPM %-0%12%8%24%15%10%20%28%18%6%8%11%
Other Income +52252809140215153237209361469501499
Interest27429720310065203513236
Depreciation209251251270263264272292303308303307
Profit before tax-4522687151,1628194259482,2981,9326517901,065
Tax %0%35%27%32%10%-17%27%26%24%26%26%25%
Net Profit +-4431805297957505086971,7101,472497598808
EPS in Rs-28.5011.5734.0251.1548.2432.6944.84110.0594.6833.8340.6854.99
Dividend Payout %0%17%15%15%15%15%18%9%32%49%44%38%

Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital155155155155155155155155155147147147
Reserves2,3643,1683,7004,3624,9095,1445,9137,8358,9508,1628,4298,968
Borrowings +3,8443,1011,95930320886042231066
Other Liabilities +2,1642,1302,1422,4112,3372,2612,3212,7642,6132,4052,3662,238
Total Liabilities8,5278,5557,9567,2317,6098,4218,39410,75511,72010,71711,04711,359
Fixed Assets +4,4684,3674,4424,1613,9593,8103,7203,5783,3813,2383,0942,881
CWIP13914142582161138187289382900
Investments1847758167857996739381,3133,2053,0302,3041,692
Other Assets +3,8613,4042,6832,2712,8263,8563,5755,7274,9464,1605,2685,886
Total Assets8,5278,5557,9567,2317,6098,4218,39410,75511,72010,71711,04711,359

Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4909961,4451,8197012861,8841,9671,37331605654
Cash from Investing Activity +-28436-5349-310-901-856-1,899-1,2291,235-466-231
Cash from Financing Activity +-363-1,037-1,073-1,400-185546-934-130-160-1,281-262-269
Net Cash Flow-156-5320468206-6995-62-16-14-123154
Free Cash Flow2079311,3581,8506031551,6691,8291,202-218154108
CFO/OP-2,423%179%422%146%93%62%210%109%104%49%128%111%

Financials of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days107119887077100362613292030
Inventory Days981071109810612512991849410592
Days Payable394057615068635942424041
Cash Conversion Cycle1661861421071321561035855818481
Working Capital Days982757761176897465861188
ROCE %9%10%24%16%8%16%33%23%8%10%12%

Guidance history

How Gujarat Narmada Valley Fertilizers & Chemicals Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%Planned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlannedPlanned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

32out of 100

Momentum score · price trend

32 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+1.7%61%
Last 6 months+10.3%67%
Last 3 months−1.8%60%

The price is 41.4% below its all-time high of ₹883.05 (8 Apr 2022). Stocks more than 20% below their peak have their score halved, so 63 became 32.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gujarat Narmada Valley Fertilizers & Chemicals Ltd: 0.4 × 61 + 0.4 × 67 + 0.2 × 60 = 63, halved to 32 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Gujarat Narmada Valley Fertilizers & Chemicals Ltd's management said in earlier quarters

Others in Chemicals & Petrochemicals this season

  • POCL Enterprises Ltd (Q1 FY27)

    466.03 crores (Page 12, 17, 11) . Key investor presentation takeaways from POCL Enterprises Ltd's Q1 FY27 investor presentation — and how it ranks against secto

  • Deepak Nitrite Ltd (Q2 FY27)

    Q2 FY27 total revenue: ₹3,091 crore, up 61% YoY (Page 1, 4, 5, 6, 10, 11) . Key investor presentation takeaways from Deepak Nitrite Ltd's Q2 FY27 investor prese

  • Privi Speciality Chemicals Ltd (Q2 FY27)

    19,239.47 lakhs (approximately 33.9% growth). Key results statement takeaways from Privi Speciality Chemicals Ltd's Q2 FY27 results statement — and how it ranks

  • NOCIL Ltd (Q2 FY27)

    427 crores . Key investor presentation takeaways from NOCIL Ltd's Q2 FY27 investor presentation — and how it ranks against sector peers.

Compare:vs Solar Industriesvs Pidilite Inds.vs SRF Ltd