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Gujarat Narmada Valley Fertilizers & Chemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹391.80Overvalued by 33.93%vs CMP ₹593.00

P/E (8.5) × ROE (9.1%) × BV (₹611.00) × DY (3.54%)

₹495.95Overvalued by 16.37%vs CMP ₹593.00
MoS: -19.6% (Negative)Confidence: 52/100 (Moderate)Models: 2 Under, 2 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹323.1823%Over (-45.5%)
Graham NumberEarnings₹758.6016%Under (+27.9%)
Earnings PowerEarnings₹405.3511%Over (-31.6%)
DCFCash Flow₹412.3214%Over (-30.5%)
Net Asset ValueAssets₹611.177%Fair (+3.1%)
EV/EBITDAEnterprise₹499.369%Over (-15.8%)
Earnings YieldEarnings₹418.607%Over (-29.4%)
ROCE CapitalReturns₹664.587%Under (+12.1%)
Revenue MultipleRevenue₹537.065%Fair (-9.4%)
Consensus (9 models)₹495.95100%Overvalued
Key Drivers: EPS CAGR -17.5% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -17.5%

*Investments are subject to market risks

Analyst Summary

Gujarat Narmada Valley Fertilizers & Chemicals Ltd operates in the Fertilisers segment, NSE: GNFC | BSE: 500670, current market price is ₹593.00, market cap is 8,714 Cr.. At a glance, stock P/E is 8.47, ROE is 9.14 %, ROCE is 12.2 %, book value is 611, dividend yield is 3.54 %. The latest intrinsic value estimate is ₹495.95, around 16.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹7,892 Cr versus the prior period change of -0.5%, while latest net profit is about ₹586 Cr with a prior-period change of 20.8%. The 52-week range shown on this page is 619/365, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGujarat Narmada Valley Fertilizers & Chemicals Ltd. is a Public Limited Listed company incorporated on 10/05/1976 and has its registered office in the State of Gujarat, India. Company's Corporate Iden…

This summary is generated from the stock page data available for Gujarat Narmada Valley Fertilizers & Chemicals Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

58
Gujarat Narmada Valley Fertilizers & Chemicals Ltd scores 58/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health72/100 · Strong
ROCE 12.2% GoodROE 9.1% AverageD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.03% (6mo) AccumulatingPromoter holding at 41.3% Stable
Earnings Quality40/100 · Moderate
OPM contracting (23% → 7%) Declining
Quarterly Momentum65/100 · Strong
Revenue (4Q): -8% YoY DecliningProfit (4Q): +42% YoY StrongOPM: 9.0% (up 4.0% YoY) Margin expansion
Industry Rank45/100 · Moderate
P/E 8.5 vs industry 17.3 Cheaper than peersROCE 12.2% vs industry 13.6% AverageROE 9.1% vs industry 25.3% Below peers3Y sales CAGR: -3% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: August 25, 2026, 6:43 am

Market Cap 8,714 Cr.
Current Price 593
Intrinsic Value₹495.95
High / Low 619/365
Stock P/E8.47
Book Value 611
Dividend Yield3.54 %
ROCE12.2 %
ROE9.14 %
Face Value 10.0
PEG Ratio-0.48

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gujarat Narmada Valley Fertilizers & Chemicals Ltd 8,714 Cr. 593 619/3658.47 6113.54 %12.2 %9.14 % 10.0
Madhya Bharat Agro Products Ltd 7,401 Cr. 169 175/74.647.8 12.60.06 %19.3 %31.3 % 2.00
Rashtriya Chemicals & Fertilizers Ltd (RCF) 6,567 Cr. 119 164/10615.8 92.80.84 %10.2 %8.02 % 10.0
Gujarat State Fertilizer & Chemicals Ltd 6,362 Cr. 160 221/1399.46 3043.13 %7.06 %5.40 % 2.00
Gujarat State Fertilizers & Chemicals Ltd 6,344 Cr. 159 221/1399.15 3083.13 %7.16 %5.51 % 2.00
Industry Average10,068.81 Cr353.3017.31181.771.04%13.64%25.31%6.26

All Competitor Stocks of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 2,5872,6732,2711,6522,0802,0882,1102,0211,9171,8992,0551,6011,968
Expenses 2,2782,2351,9021,5471,9112,0041,9651,8681,8271,7671,8151,5701,783
Operating Profit 309438369105169841451539013224031185
OPM % 12%16%16%6%8%4%7%8%5%7%12%2%9%
Other Income 85771238815212110899123157122150127
Interest 11111741723121
Depreciation 77767476787678787675747481
Profit before tax 316438417116242122171157135211287105230
Tax % 25%26%20%27%26%22%26%27%24%25%27%26%23%
Net Profit 237324334851789512711510215821078177
EPS in Rs 15.2520.8521.495.4711.456.478.647.836.9410.7514.295.3112.05

Last Updated: January 1, 2026, 1:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 7:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,8474,6424,5524,5895,8375,8965,1625,1298,64210,2277,9307,8927,620
Expenses 4,2314,6623,9893,9364,4455,0224,6214,1256,2598,3487,4287,2776,983
Operating Profit 616-215636531,3928745421,0032,3841,879502615637
OPM % 13%-0%12%14%24%15%10%20%28%18%6%8%8%
Other Income 4552252517140215153237209361469501496
Interest 9227429720310065203513235
Depreciation 145209251251270263264272292303308303302
Profit before tax 424-4522687151,1628194259482,2981,932651790826
Tax % 31%-0%35%27%32%10%-17%27%26%24%26%26%
Net Profit 292-4521735217907414996891,7041,464485586615
EPS in Rs 18.81-29.0911.1133.5450.8047.6932.1044.35109.6294.2032.9939.8541.86
Dividend Payout % 19%-0%18%15%15%15%16%18%9%32%50%45%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-254.79%138.27%201.16%51.63%-6.20%-32.66%38.08%147.31%-14.08%-66.87%20.82%
Change in YoY Net Profit Growth (%)0.00%393.07%62.88%-149.52%-57.83%-26.46%70.73%109.24%-161.40%-52.79%87.70%

Gujarat Narmada Valley Fertilizers & Chemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:9%
3 Years:-3%
TTM:-10%
Compounded Profit Growth
10 Years:13%
5 Years:3%
3 Years:-30%
TTM:6%
Stock Price CAGR
10 Years:25%
5 Years:20%
3 Years:-11%
1 Year:-27%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:10%
Last Year:7%

Last Updated: September 5, 2025, 5:35 am

Balance Sheet

Last Updated: June 30, 2026, 12:55 pm

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 155155155155155155155155155147147147
Reserves 2,3253,1223,6464,3034,8425,0675,8287,7438,8518,0518,3058,834
Borrowings 3,8443,1011,95930320886042231066
Other Liabilities 2,1642,1302,1422,4112,3372,2612,3212,7642,6132,4052,3662,238
Total Liabilities 8,4888,5097,9037,1727,5428,3448,30910,66411,62110,60610,92411,225
Fixed Assets 4,4684,3674,4424,1613,9593,8103,7203,5783,3813,2383,0942,881
CWIP 13914142582161138187289382900
Investments 1457297627267325968531,2223,1062,9192,1811,558
Other Assets 3,8613,4042,6832,2712,8263,8563,5755,7274,9464,1605,2685,886
Total Assets 8,4888,5097,9037,1727,5428,3448,30910,66411,62110,60610,92411,225

Reserves and Borrowings Chart

Cash Flow

MonthMar 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 + -28436-5349-310-901-856-1,899-1,2291,235-466-230
Cash from Financing Activity + -363-1,037-1,073-1,400-185546-934-130-160-1,281-262-269
Net Cash Flow -156-5320468206-6995-62-16-14-123155
Free Cash Flow 2079311,3581,8506031551,6691,8291,202-218154108
CFO/OP -2,423%179%233%146%93%62%210%109%104%49%128%111%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow616.00-24.00560.00652.00-302.00666.00-318.00-3.000.00-1.00499.00509.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1101071198870771003626132920
Inventory Days 999810711098106125129918494105
Days Payable 353940576150686359424240
Cash Conversion Cycle 17316618614210713215610358558184
Working Capital Days -7982757761176897465861
ROCE %8%-3%9%10%24%17%8%16%33%23%8%10%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 41.18%41.30%41.30%41.30%41.30%41.30%41.30%41.30%41.30%41.30%41.30%41.30%
FIIs 18.63%20.11%19.40%19.18%16.15%15.41%15.03%12.67%12.08%12.13%12.05%13.11%
DIIs 6.24%7.58%9.30%6.58%11.16%11.10%10.14%10.49%10.69%11.12%11.07%11.02%
Public 33.93%31.00%29.99%32.93%31.38%32.18%33.53%35.53%35.92%35.44%35.58%34.57%
No. of Shareholders 2,76,1282,57,3622,53,0032,63,1602,67,0792,73,5722,68,6292,72,5752,75,8572,71,4802,65,7932,60,335

Shareholding Pattern Chart

No. of Shareholders

Gujarat Narmada Valley Fertilizers & Chemicals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multi Asset Fund 3,701,077 0.21 172.773,488,6462026-01-24 06:16:236.09%
ICICI Prudential Smallcap Fund 2,500,000 1.44 116.71,895,6132025-12-07 05:36:5731.88%
ICICI Prudential Large & Mid Cap Fund 2,122,850 0.36 99.092,088,7172026-01-25 07:17:081.63%
ICICI Prudential Multicap Fund 1,594,139 0.47 74.411,092,5572025-12-07 12:58:3645.91%
ICICI Prudential Business Cycle Fund 1,057,003 0.31 49.34N/AN/AN/A
ICICI Prudential Manufacturing Fund 922,745 0.68 43.07622,7452025-12-07 20:47:3648.17%
ICICI Prudential PSU Equity Fund 213,942 0.52 9.99N/AN/AN/A
ICICI Prudential Commodities Fund 200,000 0.26 9.34N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 40.6832.4794.68110.0544.84
Diluted EPS (Rs.) 40.6832.4794.68110.0544.84
Cash EPS (Rs.) 60.4653.92113.69128.3961.87
Book Value[Excl.RevalReserv]/Share (Rs.) 583.62565.45585.84514.09390.44
Book Value[Incl.RevalReserv]/Share (Rs.) 583.62565.45585.84514.09390.44
Revenue From Operations / Share (Rs.) 537.12539.66658.02556.06329.99
PBDIT / Share (Rs.) 75.9666.09144.11166.8579.82
PBIT / Share (Rs.) 55.3545.16124.62148.0862.30
PBT / Share (Rs.) 53.7944.31124.28147.8661.02
Net Profit / Share (Rs.) 39.8532.9994.19109.6244.34
NP After MI And SOA / Share (Rs.) 40.6833.8394.68110.0544.84
PBDIT Margin (%) 14.1412.2421.9030.0024.18
PBIT Margin (%) 10.308.3618.9326.6318.87
PBT Margin (%) 10.018.2118.8826.5918.49
Net Profit Margin (%) 7.416.1114.3119.7113.43
NP After MI And SOA Margin (%) 7.576.2614.3819.7913.58
Return on Networth / Equity (%) 6.975.9816.1621.4011.48
Return on Capital Employeed (%) 8.256.9118.6124.5713.04
Return On Assets (%) 5.434.6512.5815.958.31
Total Debt / Equity (X) 0.010.000.000.000.00
Asset Turnover Ratio (%) 0.720.700.910.900.61
Current Ratio (X) 4.674.143.773.613.57
Quick Ratio (X) 3.573.112.902.892.73
Inventory Turnover Ratio (X) 6.645.256.665.603.43
Dividend Payout Ratio (NP) (%) 40.5593.8010.567.2611.15
Dividend Payout Ratio (CP) (%) 26.9257.948.756.218.01
Earning Retention Ratio (%) 59.456.2089.4492.7488.85
Cash Earning Retention Ratio (%) 73.0842.0691.2593.7991.99
Interest Coverage Ratio (X) 48.6377.57425.81749.4862.18
Interest Coverage Ratio (Post Tax) (X) 26.5139.72279.32493.4135.55
Enterprise Value (Cr.) 5084.867652.475923.1911944.133224.13
EV / Net Operating Revenue (X) 0.640.960.571.380.62
EV / EBITDA (X) 4.567.882.644.612.60
MarketCap / Net Operating Revenue (X) 0.921.160.771.520.91
Retention Ratios (%) 59.446.1989.4392.7388.84
Price / BV (X) 0.851.100.861.640.77
Price / Net Operating Revenue (X) 0.921.160.771.520.91
EarningsYield 0.080.050.180.130.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Gujarat Narmada Valley Fertilizers & Chemicals Ltd and is it undervalued?

As of 02 September 2026, Gujarat Narmada Valley Fertilizers & Chemicals Ltd's intrinsic value is ₹495.95, which is 16.37% lower than the current market price of ₹593.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.14 %), book value (₹611), dividend yield (3.54 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is trading at ₹593.00 as of 02 September 2026, with a FY2026-2027 high of ₹619 and low of ₹365. The stock is currently near its 52-week high. Market cap stands at ₹8,714 Cr..

How does Gujarat Narmada Valley Fertilizers & Chemicals Ltd's P/E ratio compare to its industry?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd has a P/E ratio of 8.47, which is below the industry average of 17.31. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd financially healthy?

Key indicators for Gujarat Narmada Valley Fertilizers & Chemicals Ltd: ROCE of 12.2 % is moderate. Dividend yield is 3.54 %.

Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd profitable and how is the profit trend?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd reported a net profit of ₹586 Cr in Mar 2025 on revenue of ₹7,892 Cr. Compared to ₹1,704 Cr in Mar 2022, the net profit shows a declining trend.

Does Gujarat Narmada Valley Fertilizers & Chemicals Ltd pay dividends?

Gujarat Narmada Valley Fertilizers & Chemicals Ltd has a dividend yield of 3.54 % at the current price of ₹593.00. This is a relatively attractive yield for income-seeking investors.

Last Updated: August 25, 2026, 6:43 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500670 | NSE: GNFC
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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