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Gujarat Narmada Valley Fertilizers and Chemicals (GNFC)₹466.85+1.18%Commodity Chemicals
In the Jun 2026 quarter (consolidated), Gujarat Narmada Valley Fertilizers and Chemicals reported sales of ₹2,236 Cr, up 39.9% from Jun 2025, and net profit of ₹313 Cr, up 276.3% year on year. For the year to Mar 2026, sales were ₹7,765 Cr and net profit ₹810 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,077 | 2,086 | 2,110 | 2,018 | 1,914 | 1,898 | 2,052 | 1,598 | 1,965 | 1,996 | 2,206 | 2,236 |
| Expenses | 1,915 | 2,006 | 1,969 | 1,871 | 1,830 | 1,771 | 1,819 | 1,572 | 1,785 | 1,817 | 1,728 | 1,848 |
| Operating Profit | 169 | 83.91 | 145 | 153 | 89.91 | 132 | 240 | 30.95 | 185 | 181 | 482 | 393 |
| OPM % | 7.9% | 4.0% | 7.0% | 7.9% | 4.7% | 6.9% | 11.9% | 1.9% | 9.0% | 8.9% | 21.9% | 17.9% |
| Other Income | 152 | 121 | 108 | 98.76 | 123 | 157 | 122 | 150 | 127 | 96.75 | 125 | 101 |
| Interest | 0.99 | 6.98 | 3.99 | 16.97 | 1.99 | 2.99 | 0.99 | 1.99 | 0.99 | 0.99 | 1.99 | 1.99 |
| Depreciation | 78.08 | 76.04 | 78.02 | 78.01 | 76.07 | 75.01 | 74.05 | 73.97 | 81.01 | 73.07 | 78.98 | 76.03 |
| Profit before tax | 242 | 122 | 171 | 157 | 135 | 210 | 287 | 105 | 229 | 204 | 525 | 415 |
| Tax % | 26.0% | 22.0% | 26.0% | 27.0% | 24.0% | 25.0% | 27.0% | 26.0% | 23.0% | 26.0% | 25.0% | 25.0% |
| Net Profit | 183 | 97.25 | 130 | 118 | 105 | 163 | 212 | 83.19 | 179 | 150 | 397 | 313 |
| EPS (Rs) | 11.73 | 6.61 | 8.86 | 8.04 | 7.16 | 11.11 | 14.37 | 5.66 | 12.21 | 10.22 | 26.98 | 21.26 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,548 | 4,583 | 5,830 | 5,894 | 5,155 | 5,126 | 8,630 | 10,219 | 7,929 | 7,880 | 7,765 | 8,402 |
| Expenses | 3,993 | 4,237 | 4,451 | 5,034 | 4,629 | 4,134 | 6,271 | 8,359 | 7,444 | 7,294 | 6,901 | 7,178 |
| Operating Profit | 562 | 361 | 1,391 | 873 | 541 | 1,002 | 2,380 | 1,878 | 501 | 614 | 878 | 1,239 |
| OPM % | 12.0% | 7.9% | 23.9% | 14.9% | 9.9% | 19.9% | 28.0% | 18.0% | 6.0% | 8.0% | 10.9% | 14.8% |
| Other Income | 251 | 807 | 140 | 214 | 152 | 236 | 208 | 360 | 468 | 499 | 498 | 449 |
| Interest | 297 | 203 | 99.78 | 5.99 | 4.99 | 19.95 | 2.99 | 4.99 | 12.98 | 22.93 | 5.98 | 5.96 |
| Depreciation | 251 | 251 | 270 | 263 | 264 | 272 | 292 | 303 | 308 | 303 | 307 | 309 |
| Profit before tax | 267 | 713 | 1,159 | 816 | 424 | 946 | 2,292 | 1,926 | 650 | 789 | 1,062 | 1,372 |
| Tax % | 35.0% | 27.0% | 32.0% | 10.0% | −17.0% | 27.0% | 26.0% | 24.0% | 26.0% | 26.0% | 25.0% | — |
| Exceptional items | 0.00 | 227 | 6.01 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 180 | 530 | 797 | 752 | 510 | 699 | 1,715 | 1,475 | 498 | 600 | 810 | 1,040 |
| EPS (Rs) | 11.58 | 34.08 | 51.22 | 48.29 | 32.74 | 44.92 | 110.12 | 94.79 | 33.87 | 40.72 | 55.04 | 70.67 |
| Dividend payout % | 17.1% | 15.1% | 15.1% | 15.1% | 15.1% | 18.1% | 9.0% | 32.1% | 49.1% | 44.0% | 38.1% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 155 | 155 | 156 | 155 | 156 | 156 | 156 | 155 | 155 | 147 | 147 | 147 |
| Reserves | 2,367 | 3,173 | 3,704 | 4,369 | 4,919 | 5,151 | 5,920 | 7,839 | 8,954 | 8,164 | 8,433 | 8,966 |
| Borrowings | 3,838 | 3,098 | 1,955 | 303 | 208 | 859 | 3.99 | 1.99 | 1.99 | 2.99 | 106 | 5.98 |
| Other Liabilities | 2,166 | 2,130 | 2,148 | 2,407 | 2,328 | 2,253 | 2,315 | 2,751 | 2,600 | 2,393 | 2,355 | 2,227 |
| Total Liabilities | 8,526 | 8,557 | 7,964 | 7,234 | 7,611 | 8,420 | 8,396 | 10,746 | 11,712 | 10,707 | 11,040 | 11,346 |
| Fixed Assets | 4,481 | 4,379 | 4,459 | 4,172 | 3,972 | 3,823 | 3,733 | 3,591 | 3,394 | 3,248 | 3,105 | 2,891 |
| CWIP | 12.98 | 8.99 | 13.97 | 13.98 | 24.95 | 81.90 | 161 | 138 | 187 | 288 | 381 | 898 |
| Investments | 184 | 773 | 815 | 784 | 798 | 672 | 937 | 1,312 | 3,201 | 3,025 | 2,300 | 1,691 |
| Other Assets | 3,847 | 3,395 | 2,675 | 2,265 | 2,816 | 3,842 | 3,565 | 5,706 | 4,929 | 4,146 | 5,255 | 5,866 |
| Inventories | 752 | 703 | 664 | 683 | 831 | 937 | 825 | 1,002 | 1,152 | 1,167 | 1,305 | 1,022 |
| Trade receivables | 1,358 | 1,490 | 1,114 | 1,123 | 1,244 | 1,416 | 512 | 627 | 368 | 628 | 424 | 643 |
| Cash & equivalents | 16.03 | 10.01 | 13.02 | 16.03 | 235 | 189 | 1,452 | 1,184 | 1,996 | 1,531 | 2,311 | 1,111 |
| Total Assets | 8,526 | 8,557 | 7,964 | 7,234 | 7,611 | 8,420 | 8,396 | 10,746 | 11,712 | 10,707 | 11,040 | 11,346 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 491 | 997 | 1,447 | 1,823 | 702 | 287 | 1,888 | 1,972 | 1,375 | 31.07 | 606 | 655 |
| Cash from investing activity | −283 | 35.95 | −52.92 | 48.90 | −309 | −899 | −855 | −1,895 | −1,228 | 1,234 | −465 | −231 |
| Cash from financing activity | −363 | −1,037 | −1,073 | −1,399 | −185 | 546 | −934 | −130 | −160 | −1,280 | −262 | −269 |
| Net cash flow | −156 | −5.01 | 320 | 468 | 206 | −69.07 | 95.04 | −62.01 | −15.99 | −13.99 | −123 | 154 |
| Capex | 284 | 66.07 | 91.20 | 23.04 | 131 | 131 | 216 | 138 | 173 | 251 | 454 | 547 |
| Free cash flow | 207 | 932 | 1,361 | 1,852 | 604 | 155 | 1,672 | 1,831 | 1,204 | −218 | 154 | 108 |
| CFO / OP % | −2,423.0% | 179.0% | 422.0% | 146.0% | 93.0% | 62.0% | 210.0% | 109.0% | 104.0% | 49.0% | 128.0% | 111.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 107 | 119 | 88 | 70 | 77 | 100 | 36 | 26 | 13 | 29 | 20 | 30 |
| Inventory days | 99 | 108 | 111 | 99 | 107 | 126 | 130 | 92 | 85 | 95 | 106 | 93 |
| Days payable | 39 | 40 | 57 | 61 | 50 | 68 | 63 | 59 | 42 | 42 | 40 | 41 |
| Cash conversion cycle | 166 | 186 | 142 | 107 | 132 | 156 | 103 | 58 | 55 | 81 | 84 | 81 |
| Working capital days | 9 | 8 | 27 | 57 | 76 | 117 | 68 | 97 | 46 | 58 | 61 | 188 |
| ROCE % | — | 9.0% | 10.0% | 24.0% | 16.0% | 8.0% | 16.0% | 33.0% | 23.0% | 8.0% | 10.0% | 12.0% |
For the Jun 2026 quarter, Gujarat Narmada Valley Fertilizers and Chemicals reported sales of ₹2,236 Cr, up 39.9% year on year and net profit of ₹313 Cr, up 276.3% year on year. The operating margin was 17.9%.
Gujarat Narmada Valley Fertilizers and Chemicals' sales for the year to Mar 2026 were ₹7,765 Cr; over the last twelve months they were ₹8,402 Cr.
Net profit for the year to Mar 2026 was ₹810 Cr, and ₹1,040 Cr over the last twelve months. Earnings per share over the same trailing period were ₹70.67.
Gujarat Narmada Valley Fertilizers and Chemicals reported borrowings of ₹5.98 Cr at Mar 2026, against cash and equivalents of ₹1,111 Cr.
Cash from operations was ₹655 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹108 Cr.