Gujarat Narmada Valley Fertilizers & Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 500670 | NSE: GNFC | Fertilizers | Small Cap

GNFC Share Price

555.70 -5.45 -0.97%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on GNFC

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Gujarat Narmada Valley Fertilizers & Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
18.78
Market Cap:
8,245.6 Cr.
52-wk low:
525
52-wk high:
814.9

Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd an attractive stock to invest in?

1. Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a good quality company.

2. Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Gujarat Narmada Valley Fertilizers & Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Gujarat Narmada Valley Fertilizers & Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Narmada Valley Fertilizers & Chemicals Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of GNFC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -2.3%8.2%15.2%24%16.6%7.6%16.1%33.2%22.9%7.7%-
Value Creation
Index
-1.2-0.40.10.80.2-0.50.21.50.7-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4,6424,5524,5895,8375,8965,1625,1298,64210,2277,9308,136
Sales YoY Gr.--1.9%0.8%27.2%1%-12.4%-0.7%68.5%18.3%-22.5%-
Adj EPS -14.49.819.949.946.331.442.5109.994.533.429.9
YoY Gr.-NA102.8%151.3%-7.4%-32.1%35.5%158.4%-14.1%-64.7%-
BVPS (₹) 232209.2244.6286.8321.5336385508.2579.5557.9561.7
Adj Net
Profit
-2241523097767194886611,7081,468491439
Cash Flow from Ops. 4909961,4451,8197012861,8841,9671,37331.3-
Debt/CF from Ops. 7.83.11.40.20.330000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.1%6.1%15.6%-22.5%
Adj EPS NA-6.3%-7.8%-64.7%
BVPS10.2%11.7%13.2%-3.7%
Share Price 20% 23.9% 11.2% -21.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-5.84.48.718.815.29.611.824.617.45.75.3
Op. Profit
Mgn %
6.712.514.423.914.810.519.727.718.46.55.8
Net Profit
Mgn %
-4.83.46.713.312.29.512.919.814.46.25.4
Debt to
Equity
1.110.50.100.200000
Working Cap
Days
408389280152145211197136129121100
Cash Conv.
Cycle
13813711979861148630274474

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.63%

Return on Equity has declined versus last 3 years average to 5.30%

Net Profit has been subdued in last 3 years -7.75%

Sales growth is not so good in last 4 quarters at -3.62%

Latest Financials - Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 29.9 30.6
TTM Sales (₹ Cr.) 8,136 8,136
BVPS (₹.) 561.7 569.7
Reserves (₹ Cr.) 8,107 8,224
P/BV 1.00 0.98
PE 18.78 18.32
From the Market
52 Week Low / High (₹) 524.95 / 814.85
All Time Low / High (₹) 10.00 / 912.00
Market Cap (₹ Cr.) 8,246
Equity (₹ Cr.) 146.9
Face Value (₹) 10
Industry PE 17.6

Management X-Ray of GNFC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GNFC

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales4,6424,5524,5895,8375,8965,1625,1298,64210,2277,930
Operating Expenses 4,3323,9893,9364,4475,0284,6214,1276,2598,3507,428
Manufacturing Costs9541,0051,1031,2281,3001,1501,1031,5282,4471,949
Material Costs2,7872,4152,1922,5332,8612,7382,3283,9834,9894,504
Employee Cost 377357374395524513451468606625
Other Costs 214212267291344220244281309350
Operating Profit 3095636531,3918685421,0022,3831,877501
Operating Profit Margin (%) 6.7%12.4%14.2%23.8%14.7%10.5%19.5%27.6%18.4%6.3%
Other Income 52252225142221153239210363470
Interest 27429720310065203513
Depreciation 209251251270263264272292303308
Exceptional Items -33002920000000
Profit Before Tax -4522687151,1628194259482,2981,932651
Tax 09519437278-74259594468166
Profit After Tax -4521735217907414996891,7041,464485
PAT Margin (%) -9.7%3.8%11.4%13.5%12.6%9.7%13.4%19.7%14.3%6.1%
Adjusted EPS (₹)-29.111.133.550.847.732.144.3109.694.233.0
Dividend Payout Ratio (%)0%18%15%15%15%16%18%9%32%50%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 3,6063,2783,8024,4584,9975,2235,9847,8999,0068,198
Share Capital 155155155155155155155155155147
Reserves 3,4513,1223,6464,3034,8425,0675,8287,7438,8518,051
Minority Interest0000000000
Debt3,1742,4591,6072302088592001
Long Term Debt1,5271,0335330000000
Short Term Debt1,6481,4261,0732302088592001
Trade Payables296262340426395513399648578522
Others Liabilities 2,9734,0582,1542,0581,9421,7471,9152,0972,0131,840
Total Liabilities 10,05010,0577,9037,1727,5428,3428,30010,64311,59710,561

Fixed Assets

Gross Block7,5707,6997,7107,6507,6987,8027,9538,0878,1168,242
Accumulated Depreciation2,7672,9973,2873,5083,7584,0104,2514,5264,7725,041
Net Fixed Assets4,8034,7014,4234,1423,9403,7923,7033,5613,3443,201
CWIP 13914142582161138187289
Investments 1457097627267325968531,2223,1062,919
Inventories7507016626818299328139771,1231,119
Trade Receivables1,3551,4851,1121,1201,2401,413510625367626
Cash Equivalents 161013162351891,4511,1821,9941,529
Others Assets2,9672,4419174735401,3378102,9391,475878
Total Assets 10,05010,0577,9037,1727,5428,3428,30010,64311,59710,561

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 4909961,4451,8197012861,8841,9671,37331
PBT -4522687151,1628194259482,2981,932651
Adjustment 8563532628124816212518743-4
Changes in Working Capital 94387782583-258-2531029109-16-404
Tax Paid -7-11-77-207-109-48-218-628-585-212
Cash Flow From Investing Activity -28436-5349-310-901-856-1,899-1,2291,235
Capex -283-65-8732-98-130-215-137-171-249
Net Investments -120-10-172-764461-1,971-437566
Others 111013618-41-7-1,102209-622919
Cash Flow From Financing Activity -363-1,037-1,073-1,400-185546-934-130-160-1,281
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 9-528-790-826-7200000
Interest Paid -268-301-208-91-3-3-19-2-3-10
Dividend Paid -63-1-37-94-139-131-78-123-153-461
Others -40-207-38-39029680-837-6-5-810
Net Cash Flow -156-5320468206-6995-62-16-14
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-11.695.0414.7819.1215.689.7612.324.5517.325.64
ROCE (%)-2.298.1815.1723.9816.577.6216.0533.1522.917.71
Asset Turnover Ratio0.470.480.550.780.830.680.640.940.950.75
PAT to CFO Conversion(x)N/A5.762.772.30.950.572.731.150.940.06
Working Capital Days
Receivable Days1041079669718965231722
Inventory Days58555041455959373649
Payable Days39425055526172484545

Gujarat Narmada Valley Fertilizers & Chemicals Ltd Stock News

Gujarat Narmada Valley Fertilizers & Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GNFC on 21-Nov-2024 16:59 is ₹555.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of GNFC stood at ₹8,245.6.
The latest P/E ratio of GNFC as of 21-Nov-2024 16:59 is 18.78.
The latest P/B ratio of GNFC as of 21-Nov-2024 16:59 is 1.00.
The 52-week high of GNFC is ₹814.9 and the 52-week low is ₹525.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GNFC is ₹8,136 ( Cr.) .

About Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals Ltd (GSFC). It was set up in Bharuch, Gujarat in 1976. Located at Bharuch in an extremely prosperous industrial belt, GNFC draws on the resources of the natural wealth of the land as well as the industrially rich reserves of the area.

GNFC started its manufacturing and marketing operations by setting up in 1982, one of the world's largest single-stream ammonia-urea fertilizer complexes. Over the next few years, GNFC successfully commissioned different projects - in fields as diverse as chemicals, fertilizers and electronics. Since inception, GNFC has worked towards an extensive growth as a corporation. A growth which respects the environment and springs from the progressive vision of GNFC.

GNFC has extended its profile much beyond fertilizers through a process of horizontal integration.  Chemicals/Petrochemicals, Energy Sector, Electronics/Telecommunications and Information Technology form ambitious and challenging additions to its corporate portfolio. GNFC has an enterprising, strategic view towards expansion and diversification.

Business area of the company

Gujarat Narmada Valley Fertilizers & Chemicals is one of India’s leading entities engaged in the manufacturing and selling of fertilizers, industrial chemical products and providing IT services. 

Products and services

  • GNFC Fertilizer- GNFC started fertilizer manufacturing and marketing operations by setting up in 1982, one of the world’s largest single-stream ammonia-urea fertilizer complexes.
  • GNFC Chemical- GNFC has kept pace with changing times and its vision is always focused on growth. Even as the company was implementing its fertilizer complex, plans were underway for expansion and diversification in related areas. This resulted in the setting up of core chemical and petrochemical plants such as Methanol, Formic Acid, Nitric Acid and Acetic Acid.
  • Information technology (for IT related products and services) - (n) Code Solutions (An IT Division of GNFC) offers Digital Certificates that can integrate with applications such as emails, workflow, enterprise wide applications, or secure VPNs. The Digital Certificates can be used by individuals, corporates and governments to secure online B2B/B2C applications and other online transactions.

Awards

  • National Safety Council, USA: Good Safety Performance 
  • National Productivity Council: Best Productivity - First, Second & Third Prizes, Best Productivity for Nitrogenous Fertilizers
  • Ministry of Labour, GOI: Good Safety Performance (Thrice)
  • Federation of Indian Chamber of Commerce & Industry (FICCI) : Best Environment Preservation & Pollution Control
  • Indian Chemicals Manufacturers Association (ICMA) : Environmental Control & Safety
  • Fertilizer Association of India (FAI) : For research paper; Best Technical Innovation - pure CO2 enhancement scheme in Ammonia plant; Best Technical Innovation implemented in fertilizer industry (twice); and Best Overall Performance of an operating unit for P2O5 in complex fertilizers
  • All India Organization of Employers: Outstanding Contribution in the field of Industrial Relations
  • National Energy Conservation Award, Deptt. of Energy, Government of India : Energy Conservation Award, Second Prize
  • Government of India: Award for Energy Conservation
  • Jawaharlal Nehru Memorial National Award: Effective Energy Conservation Award
  • National Suggestion Scheme: Two awards for the company, one for the employee
  • Indian National Suggestion Scheme (INSAAN) : Prizes in different years (thrice), Excellence in Suggestion Scheme for the Company, Second Prize to the employee (twice)
  • Texaco Development Corporation (TDC), USA : Licensee of the year for operating gassifier on more than rated capacity for over a decade
  • Labour & Employment Deptt., Government of Gujarat: Shram Bhushan Award & Rajya Shram Ratna Award to the employees
  • Indian Institute of Chemical Engineers (IICE): ICI Award for Excellence in Process / Product Development
  • Deptt. of Scientific & Industrial Research, Ministry of Science & Technology, GOI FICCI: National Award for R&D efforts
  • World Environment Foundation: Golden Peacock Eco Innovation Award
  • Fertilizers Association of India: Transfer of Improved Farm Technology Award at the national level
  • Computer Society of India: CSI-Nihilent e-Governance Award for the best technology implementation for e-Governance projects
  • The Government of Gujarat Project eProcurement handled by (n) Code Solutions - A Division of GNFC Ltd. has won the CSI-Nihilent e-Governance Awards 2006-2007 in the category of Government to Business. Award ceremony held at Bangalore on December 1, 2007 at 42nd Computer Society of India (CSI)
  • India CSR Innovative Project of the year 2017, Mumbai
  • India CSR Award for PSU Leader of the year 2017, Mumbai
  • CMO Asia Best CSR Practices Award 2017, Singapore
  • Global Giving Award for Best CSR Innovation Practices 2017, Dubai
  • CII-ITC Sustainability CSR Award 2017, New Delhi
  • Shared Value Inclusive Business List Award, New Delhi
  • CMO Asia 50 Most Influential Rural Marketing Professional, Malaysia
  • ET Now CSR Award for Innovation in CSR practices, Mumbai
  • Dhainik Bhaskar India Pride Award for Excellence in CSR, New Delhi
  • Business World Digital India Award for implementation of cashless initiatives, New Delhi
  • SKOCH BSE Order of Merit, Mumbai
  • SKOCH Smart Governance SKOCH Order-of-Merit Award
  • Times Network Digital India Award for Digital Social Innovation, New Delhi
  • CII Supply Chain and Logistics Excellence Award, Hyderabad
  • Star Performer of the year 2017 by SBI Mutual Fund
  • India's Best Company of the year Award
  • In FY2018-19 Porter Prize supported by the Harvard Group for Company's Outstanding performance in the industry.
  • CNBC-AWAAZ CEO Award for 'Outstanding Business Growth' from Government of Chhattisgarh in association with CNBC Awaaz.
  • Best Technical Innovation Award by Fertilizer Association of India, New Delhi for reduction in down time and increase operational efficiency in ANP plant in FY2018-19.
  • 4th Rank in Environmental Green rating of Indian Fertilizer Industry under its Green Rating Project (GRP) in FY2019-20

Achievements

  • Set up the world's largest single stream, fuel oil based Ammonia - Urea plant
  • All fertilizers under the brand name of Narmada, along with extensive support activities, have been well accepted by the country’s farmer community.
  • India's largest producer of Formic Acid, Acetic acid and Methanol.
  • India's only manufacturer of Glacial Acetic Acid through the cutting-edge Methanol route.
  • India's largest single stream plant of Aniline.
  • The only manufacturer of Toluene Di-isocyanate in South East Asia.
  • Record capacity utilizations in all plants, defying the vintage through ingeniously innovative maintenance measures.
  • Development of the first indigenous, eco-friendly technology for H2S removal, CATSOL, a much awarded product of the Company's R&D labs.
  • The company launched various products such as Neem Shampoo, Neem Mosquito Repellent, Neem Face-wash, Neem Hair Oil, Neem Handwash, etc.
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