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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

About the Company - Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Gujarat 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 Identification Number(CIN) is L24110GJ1976PLC002903 and registration number is 002903. Currently Company is involved in the business activities of Manufacture of urea and other organic fertilizers. Company’s Total Operating Revenue is Rs. 8642.29 Cr. and Equity Capital is Rs. 155.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
FertilisersP.O: Narmadanagar, Bharuch District Gujarat 392015investor@gnfc.in
http://www.gnfc.in
Management
NamePosition Held
Mr. Raj KumarChairman
Mr. Pankaj JoshiManaging Director
Mrs. Gauri KumarDirector
Mrs. Mamta VermaDirector
Prof. Ranjan Kumar GhoshDirector
Mr. Mukesh PuriDirector
Mr. J P GuptaDirector
Mr. Bhadresh MehtaDirector
Dr. N RavichandranDirector
Prof. Piyushkumar SinhaDirector

Gujarat Narmada Valley Fertilizers & Chemicals Ltd. Share Price Update

Share PriceValue
Today₹644.85
Previous Day₹671.50

Basic Stock Data of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Market Cap 10,504 Cr.
Current Price 676
High / Low815/484
Stock P/E15.2
Book Value 561
Dividend Yield4.39 %
ROCE22.9 %
ROE17.3 %
Face Value 10.0

Data Source: screener.in

Competitors of Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gujarat State Fertilizer & Chemicals Ltd 9,265 Cr. 232322/11612.5 3074.32 %13.4 %10.9 % 2.00
Nagarjuna Fertilizers & Chemicals Ltd 803 Cr. 13.415.8/7.81 50.20.00 %56.6 %% 1.00
Fertilizers & Chemicals Travancore Ltd 53,652 Cr. 829909/192123 21.80.12 %30.3 %62.5 % 10.0
Zuari Agro Chemicals Ltd 974 Cr. 232260/1163.09 3790.00 %10.2 %12.8 % 10.0
Chambal Fertilisers & Chemicals Ltd 15,402 Cr. 370403/24812.2 1852.03 %16.0 %14.9 % 10.0
Industry Average370.8 Cr335.2830.16188.61.29%25.3%20.22%6.6

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,1871,5081,7331,3942,0962,3802,7722,6962,5872,6732,2711,6522,080
Expenses9931,1451,2631,0011,6651,7061,8871,9332,2782,2351,9021,5471,911
Operating Profit194363470393431674885763309438369105169
OPM %16%24%27%28%21%28%32%28%12%16%16%6%8%
Other Income3945494358486176857712388152
Interest6111110211111
Depreciation68706870717675767776747678
Profit before tax159337450366417645871761316438417116242
Tax %13%29%31%34%32%16%26%25%25%26%20%27%26%
Net Profit13924030924028253964356923732433485178
EPS in Rs8.9215.4519.8815.4318.1634.6841.3736.6115.2520.8521.495.4711.45

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Quarterly Chart

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3,8624,2534,8474,6424,5524,5895,8375,8965,1625,1298,64210,2278,676
Expenses3,3113,6594,2314,6623,9893,9364,4455,0224,6214,1256,2598,3487,595
Operating Profit551593616-215636531,3928745421,0032,3841,8791,081
OPM %14%14%13%-0%12%14%24%15%10%20%28%18%12%
Other Income30404552252517140215153237209361440
Interest3463922742972031006520354
Depreciation131149145209251251270263264272292303304
Profit before tax417422424-4522687151,1628194259482,2981,9321,213
Tax %32%35%31%0%35%27%32%10%-17%27%26%24%
Net Profit284273292-4521735217907414996891,7041,464921
EPS in Rs18.2617.5718.81-29.0911.1133.5450.8047.6932.1044.35109.6294.2059.26
Dividend Payout %19%20%19%0%18%15%15%15%16%18%9%32%

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Profit & Loss Yearly Chart

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:12%
3 Years:26%
TTM:-17%
Compounded Profit Growth
10 Years:18%
5 Years:13%
3 Years:43%
TTM:-54%
Stock Price CAGR
10 Years:26%
5 Years:17%
3 Years:46%
1 Year:34%
Return on Equity
10 Years:13%
5 Years:17%
3 Years:18%
Last Year:17%

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital155155155155155155155155155155155155155
Reserves2,3522,5622,7902,3253,1223,6464,3034,8425,0675,8287,7438,8518,568
Borrowings1,9903,1963,9043,8443,1011,959303208860422173
Other Liabilities1,1921,1092,4202,1642,1302,1422,4112,3372,2612,3212,7642,6132,995
Total Liabilities5,6897,0229,2708,4888,5097,9037,1727,5428,3448,30910,66411,62111,891
Fixed Assets1,6051,8074,8734,4684,3674,4424,1613,9593,8103,7203,5783,3813,332
CWIP1,8672,7522313914142582161138187186
Investments981301321457297627267325968531,2223,1063,127
Other Assets2,1192,3324,2413,8613,4042,6832,2712,8263,8563,5755,7274,9465,246
Total Assets5,6897,0229,2708,4888,5097,9037,1727,5428,3448,30910,66411,62111,891

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Reserves and Borrowings Chart

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 253-160114909961,4451,8197012861,8841,9671,373
Cash from Investing Activity -735-808-394-28436-5349-310-901-856-1,899-1,229
Cash from Financing Activity 639889334-363-1,037-1,073-1,400-185546-934-130-160
Net Cash Flow156-79-48-156-5320468206-6995-62-16

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days74101110107119887077100362613
Inventory Days99939998107110981061251299184
Days Payable773235394057615068635942
Cash Conversion Cycle951621731661861421071321561035855
Working Capital Days-8731191391221127189178689746
ROCE %11%9%8%-3%9%10%24%17%8%16%33%23%

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Financial Efficiency Indicators Chart

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters41.18%41.18%41.18%41.18%41.18%41.18%41.18%41.18%41.18%41.18%41.18%41.18%
FIIs8.55%10.04%11.68%13.75%17.27%22.39%22.64%22.39%20.47%20.01%19.67%18.63%
DIIs13.60%11.23%10.31%7.31%6.61%5.24%5.34%4.97%4.77%4.97%4.11%6.24%
Public36.67%37.54%36.83%37.76%34.93%31.19%30.83%31.45%33.58%33.83%35.03%33.93%
No. of Shareholders2,36,7522,31,4512,38,8542,31,0622,25,7272,31,5932,44,7942,56,8192,75,2122,79,9092,76,0302,76,128

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Shareholding Pattern Chart

No. of Gujarat Narmada Valley Fertilizers & Chemicals Ltd Shareholders

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Equity Arbitrage Fund - Regular Plan8190000.1856.25
SBI Arbitrage Opportunities Fund7150000.2149.11
HSBC Value Fund6892000.4747.34
ICICI Prudential Smallcap Fund6243280.6542.88
Invesco India Arbitrage Fund5434000.3637.32
DSP Arbitrage Fund5187001.3135.63
Aditya Birla Sun Life Pure Value Fund5039850.6734.62
Mahindra Manulife Small Cap Fund4900001.3233.66
Nippon India Arbitrage Fund3783000.2225.98
ICICI Prudential Equity - Arbitrage Fund3523000.1524.2

Gujarat Narmada Valley Fertilizers & Chemicals Ltd ROCE Trend

Gujarat Narmada Valley Fertilizers & Chemicals Ltd EPS Trend

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)94.68110.0544.8432.6948.24
Diluted EPS (Rs.)94.68110.0544.8432.6948.24
Cash EPS (Rs.)113.69128.3961.8749.1164.61
Book Value[Excl.RevalReserv]/Share (Rs.)585.84514.09390.44340.96325.87
Book Value[Incl.RevalReserv]/Share (Rs.)585.84514.09390.44340.96325.87
Revenue From Operations / Share (Rs.)658.02556.06329.99332.16379.36
PBDIT / Share (Rs.)144.11166.8579.8244.6870.05
PBIT / Share (Rs.)124.62148.0862.3027.6753.13
PBT / Share (Rs.)124.28147.8661.0227.3352.72
Net Profit / Share (Rs.)94.19109.6244.3432.1047.69
NP After MI And SOA / Share (Rs.)94.68110.0544.8432.6948.24
PBDIT Margin (%)21.9030.0024.1813.4518.46
PBIT Margin (%)18.9326.6318.878.3314.00
PBT Margin (%)18.8826.5918.498.2213.89
Net Profit Margin (%)14.3119.7113.439.6612.57
NP After MI And SOA Margin (%)14.3819.7913.589.8412.71
Return on Networth / Equity (%)16.1621.4011.489.5814.80
Return on Capital Employeed (%)18.6124.5713.046.4912.53
Return On Assets (%)12.5815.958.316.039.85
Total Debt / Equity (X)0.000.000.000.160.04
Asset Turnover Ratio (%)0.910.900.610.640.79
Current Ratio (X)3.773.613.572.032.43
Quick Ratio (X)2.902.892.731.511.62
Inventory Turnover Ratio (X)6.665.603.434.054.95
Dividend Payout Ratio (NP) (%)10.567.2611.1521.4115.54
Dividend Payout Ratio (CP) (%)8.756.218.0114.0811.50
Earning Retention Ratio (%)89.4492.7488.8578.5984.46
Cash Earning Retention Ratio (%)91.2593.7991.9985.9288.50
Interest Coverage Ratio (X)425.81749.4862.18131.77170.64
Interest Coverage Ratio (Post Tax) (X)279.32493.4135.5595.67117.17
Enterprise Value (Cr.)5923.1911944.133224.132452.314742.85
EV / Net Operating Revenue (X)0.571.380.620.470.80
EV / EBITDA (X)2.644.612.603.534.36
MarketCap / Net Operating Revenue (X)0.771.520.910.340.80
Retention Ratios (%)89.4392.7388.8478.5884.45
Price / BV (X)0.861.640.770.330.94
Price / Net Operating Revenue (X)0.771.520.910.340.80
EarningsYield0.180.130.140.280.15

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Profitability Ratios (%)

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Liquidity Ratios

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Liquidity Ratios (%)

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Interest Coverage Ratios (%)

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Valuation Ratios

Fair Value of Gujarat Narmada Valley Fertilizers & Chemicals Ltd Stock

Fair Value: ₹1539.97

The stock is undervalued by 127.81% compared to the current price ₹676

*Investments are subject to market risks

Strength and Weakness of Gujarat Narmada Valley Fertilizers & Chemicals Ltd Stock

StrengthWeakness
  1. The company has higher reserves (4,769.15 cr) compared to borrowings (1,503.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (5.31 cr) and profit (307.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 83.16 and average Dividend Yield of 17.35%.
  2. The stock has a low average ROCE of 13.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 92.17, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 127.92, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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