Gujarat Narmada Valley Fertilizers and Chemicals Limited
NSE: GNFCINE113A01013·ChemicalsMicrocap 250·www.gnfc.in ↗·Mcap ₹9,154 Cr·Listed 1995
₹630.30▲ ₹5.20  (0.83%)
52W: ₹365 – ₹636 · Vol: 17.3L shares · Close 25 Sept
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Annual report FY26 — 16.43 MB · Shareholding pattern — Jun 2026 · All filings
AI equity note (bull/bear, numbers, sources) — coming soon
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Latest filings

NSE announcements · newest first
Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Trading window26 Sept 2026 PDF
ESG Rating by CRISIL ESG Ratings & Analytics Limited.
General update23 Sept 2026 PDF
ESG rating issued by SES ESG Research Private Limited
General update22 Sept 2026 PDF
Press release dated September 18, 2026, titled "50th Annual General Meeting (AGM) of Gujarat Narmada Valley Fertilizers & Chemicals Limited".
Press release18 Sept 2026 PDF
Newspaper Clippings - Press Release on 50th Annual General Meeting of the Company.
Newspaper notice18 Sept 2026 PDF
All filings →
P/E (TTM)
8.9×
EPS ₹70.54
P / Book
1.02×
BVPS ₹620
ROE
9.1%
FY26, avg equity
Net margin
10.4%
FY26
Revenue YoY
+39.8%
Q1 FY27
Net profit YoY
+275.9%
Q1 FY27
Debt / equity
0.00×
₹0 Cr debt
Div. yield
3.33%
₹21.00 in 12 months
From NSE filings (consolidated) and the last close.
Shareholding Pattern Jun 2026
Promoters
41.3%—
FIIs
13.1%▲ 1.06
DIIs
11.0%▼ 0.04
Retail
26.4%▼ 0.99
Others
8.2%▼ 0.03
Promoter pledge: none reported
Peer Comparison
CompanyP/EP/BROEMargin
SRF₹75,291 Cr34.8×5.36×13.8%11.6%
DEEPAKFERT₹17,217 Cr17.5×2.52×11.3%6.4%
TATACHEM₹16,416 Cr–0.77×-8.0%-11.8%
GNFC₹9,265 Cr8.9×1.02×9.1%10.4%
GUJALKALI₹4,633 Cr69.8×0.89×-0.0%-0.1%
GHCL₹3,859 Cr8.2×1.09×13.4%15.4%
Commodity Chemicals: the companies closest in market value, of the 20 in that basic industry whose filings we hold. Computed from each company's NSE filings (up to Q1 FY27) and the last close; hover a column for its definition.
Forensic Flags3 Watch
Receivables grew 52% against revenue growth of -2%
FY26: debtor days moved from 20 to 30.
Other income is 47% of profit before tax
FY26.
Results were filed late in 1 of the last 8 quarters
Slowest filing came 53 days after the period end.
Free cash flow was negative in 1 of the last 5 years
Operating cash flow less capital expenditure, as filed.
9 checks within their thresholds
Operating cash flow was 0.91× net profit
Cumulative over FY22–FY26 (5 years).
Inventory grew -19% against revenue growth of -2%
FY26: inventory days moved from 58 to 48.
Debt to equity is 0.00×
As at 2026-03-31; it was 0.00× at 2023-03-31.
Exceptional items above 5% of pre-tax profit in 0 of the last 5 years
FY22–FY26.
Effective tax rate averaged 25%
Tax over pre-tax profit, last 3 years. The base corporate rate is about 25%.
Share count changed -5.2% in three years, net of bonuses and splits
From 2023-03-31 to 2026-03-31. Shares issued for mergers, placements, conversions and stock options all count.
Promoter holding is 41.30%, +0.00 points over a year
2026-06-30 against 2025-06-30.
No promoter shares are pledged
Shareholding pattern as at 2026-06-30.
No auditor change or resignation filings in three years
From NSE announcements on record.
Computed from NSE filings (consolidated). Colours follow fixed thresholds, shown on hover. These are facts about the filings, not advice.
Formula Scores
Piotroski F-score: 6 of 9 · FY to 2026-03-31
one point for each of nine tests on profitability, leverage and liquidity, and operating efficiency, comparing the year with the one before
  • ✓ Return on assets positive: 7.34 — profit after tax over the year's opening total assets, %
  • ✓ Operating cash flow positive: 654 — ₹ crore
  • ✗ Cash flow above profit (accruals): -154 — operating cash flow less profit after tax, ₹ crore
  • ✓ Return on assets improved: 1.75 — change in ROA, percentage points
  • ✗ Long-term borrowings to assets fell: 0 — no long-term borrowings in either year; the paper scores no decrease as 0
  • ✓ Current ratio improved: 1.24 — change in current assets over current liabilities
  • ✓ No new shares issued: 0 — change in share capital, %
  • ✓ Gross margin improved: 6.07 — revenue less material cost over revenue, change in percentage points
  • ✗ Asset turnover improved: -0.033 — revenue over the year's opening total assets, change
Inputs: profit after tax ₹808 Cr (2026-03-31) · profit after tax ₹597 Cr (2025-03-31) · total assets ₹11,359 Cr (2026-03-31) · total assets ₹11,003 Cr (2025-03-31)
The paper's bands: 8–9: the paper's high group; 0–2: the paper's low group
Source: Joseph Piotroski, "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers", Journal of Accounting Research, 2000
Altman Z-score: 5.09 · FY to 2026-03-31
Z = 1.2 × working capital / total assets + 1.4 × retained earnings / total assets + 3.3 × EBIT / total assets + 0.6 × market value of equity / total liabilities + 1.0 × sales / total assets
  • working capital / total assets: 0.45 × 1.2
  • retained earnings / total assets: 0.79 × 1.4 — reserves and surplus as retained earnings
  • EBIT / total assets: 0.094 × 3.3 — profit before tax plus finance cost
  • market value of equity / total liabilities: 4.08 × 0.6 — market capitalisation over total assets less equity
  • sales / total assets: 0.684 × 1
Inputs: total assets ₹11,359 Cr (2026-03-31) · current assets ₹6,151 Cr (2026-03-31) · current liabilities ₹1,041 Cr (2026-03-31) · reserves ₹8,968 Cr (2026-03-31) · total equity ₹9,115 Cr (2026-03-31) · profit before tax ₹1,065 Cr (2026-03-31) · finance cost ₹6 Cr (2026-03-31) · revenue ₹7,773 Cr (2026-03-31) · market capitalisation (today) ₹9,154 Cr
The paper's bands: above 2.99: the paper's safe zone; 1.81–2.99: the grey zone; below 1.81: the distress zone
the 1968 form, fitted on manufacturers; reserves stand in for retained earnings, and profit before tax plus finance cost for EBIT
Source: Edward Altman, "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy", Journal of Finance, 1968
Graham number: 875.74 ₹ per share · FY to 2026-03-31
√(22.5 × earnings per share × book value per share): the price at which P/E × P/B = 22.5 (a P/E of 15 at a P/B of 1.5)
  • earnings per share: 54.97
  • book value per share: 620.07 — owners' equity over shares (paid-up capital / face value)
Inputs: earnings per share 54.97 (2026-03-31) · owners' equity ₹9,115 Cr (2026-03-31) · paid-up capital ₹147 Cr (2026-03-31) · face value 10 (2026-03-31)
a number the book uses as a ceiling for a defensive investor's purchase price; it is arithmetic on two reported figures, not a valuation
Source: Benjamin Graham, The Intelligent Investor (1949; the 22.5 in the 1973 edition's criteria for the defensive investor)
Sloan accrual ratio: 1.38 % of assets · FY to 2026-03-31
(profit after tax − operating cash flow) / average total assets
Inputs: profit after tax ₹808 Cr (2026-03-31) · operating cash flow ₹654 Cr (2026-03-31) · total assets ₹11,359 Cr (2026-03-31) · total assets ₹11,003 Cr (2025-03-31)
how much of the year's profit was not cash; the paper sorts companies by this and reports the top decile's later returns
Source: Richard Sloan, "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 1996
Each score is its published formula applied to the company's own filings (consolidated); open one for the tests, the inputs and the paper. Arithmetic on the filings, not a view on the stock.