GUJ NAR VAL FER & Chem L

NSE: GNFC · Commodity Chemicals · sector

₹519.35NSE close 2026-10-26

Key numbers

Market cap₹7,634 cr

Price₹519.35

52w high / low₹636 / ₹365

P/E7.4xSector median 15.2x

P/B0.8xSector median 1.3x

Book value₹620.1

Dividend yield3.41%Sector median 0.84%

ROE11.7%Sector median 7.2%

ROCE15.2%Sector median 9.4%

OPM14.8%Sector median 8.6%

Debt / equity0.00xSector median 0.25x

EV/EBITDA4.7xSector median 11.6x

Interest cover230.3x

Current ratio5.91x

Sales growth 3y-8.7%Sector median +1.0%

Profit growth 3y-18.1%Sector median -11.1%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1,804 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
Operating profit covered interest 230.3x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY23).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 43% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹519.35 on 2026-10-26: -18.3% from the 52-week high, +42.3% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹675.70 · low ₹383.45

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,917	1,899	2,055	1,601	1,968	1,996	2,208	2,238
EBITDA	90	132	240	31	185	181	482	393
OPM %	4.7%	7.0%	11.7%	1.9%	9.4%	9.1%	21.8%	17.6%
Other income	123	157	122	150	127	97	125	101
Net profit	105	163	211	83	179	150	396	312
EPS (₹)	7.14	11.09	14.35	5.65	12.18	10.20	26.94	21.22
Revenue YoY					+2.7%	+5.1%	+7.4%	+39.8%
Profit YoY					+70.5%	-8.0%	+87.7%	+275.9%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	8,642	10,227	7,930	7,892	7,773	8,410
EBITDA	2,384	1,879	503	615	879	1,241
Net profit	1,710	1,472	497	597	808	1,037
EPS (₹)	110.05	94.97	32.48	40.61	54.97	70.54
Revenue growth		+18.3%	-22.5%	-0.5%	-1.5%	+12.6%
Profit growth		-13.9%	-66.2%	+20.1%	+35.3%	+84.5%
Dividend / share (₹)	8.00	10.00	30.00	16.50	18.00

Compounded growth	3 years	5 years	Last 12 months
Sales	-8.7%	+8.7%	+12.6%
Net profit	-18.1%	+3.0%	+84.5%
EPS	-16.7%	+4.2%	–
Share price	–	-9.6% (2y)	+4.8%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	9,105	8,309	8,575	9,115
Borrowings	–	0	1	99	0
Cash & equivalents	–	2,315	2,194	2,927	1,804
Total assets	–	11,696	10,672	11,003	11,359
Fixed assets	–	3,109	2,970	2,795	2,595
Capital work in progress	–	186	289	382	900
Investments	–	2,884	2,365	1,686	997
Receivables	–	368	626	423	641
Inventory	–	1,123	1,119	1,257	1,018
Payables	–	578	522	495	454

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	1,967	1,373	32	606	654
Cash from investing	-1,899	-1,229	1,235	-466	-231
Cash from financing	-130	-161	-1,281	-262	-269
Capex	138	173	251	453	546
Free cash flow	1,829	1,200	-219	153	108

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	16.2%	6.0%	7.0%	8.9%
ROCE %	–	21.3%	8.0%	9.4%	11.7%
Debtor days	–	13	29	20	30
Inventory days	–	82	91	101	91
Payable days	–	42	42	40	41
Cash conversion cycle (days)	–	53	78	81	80
Working capital days	–	128	157	195	240

Shareholding

Holder	% (2026-09-30)
Promoters	41.30%
FIIs	13.70%
DIIs	9.21%
of which Mutual funds	7.18%
of which Insurance	1.46%
Public (non-institutions)	35.79%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	41.30%	41.30%	41.30%	41.30%	41.30%	41.30%	41.30%	41.30%

Promoter group	%
Gujarat State Investments Limited	21.44%
Gujarat State Fertilizers & Chemicals Limited	19.86%

Public holders above 1%	%
ICICI Prudential Smallcap Fund	7.02%
Investor Education and Protection Fund Authority M	2.16%
The NEW India Assurance Company Limited	1.31%

2,55,888 shareholders. Pledged: 0.00% of promoter shares.

Peers in Commodity Chemicals

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
SRF	₹69,362 cr	30.4x	4.5x	16.0%	15.2%	21.4%	+373.5%	0.38%
TATACHEM	₹15,184 cr	–	0.7x	-10.1%	-4.2%	-1.6%	-4.6%	1.84%
DEEPAKFERT	₹14,422 cr	14.7x	2.1x	15.1%	13.6%	16.7%	+0.6%	0.89%
GNFC	₹7,634 cr	7.4x	0.8x	11.7%	15.2%	14.8%	-8.7%	3.41%
TANFACIND	₹4,989 cr	66.3x	13.4x	19.7%	20.5%	15.5%	+23.8%	–
GUJALKALI	₹4,043 cr	60.9x	0.8x	1.2%	3.6%	11.3%	-1.2%	2.88%
GRAUWEIL	₹3,537 cr	22.1x	3.3x	15.9%	19.6%	15.3%	+6.8%	0.64%
GHCL	₹3,486 cr	6.7x	1.0x	14.9%	19.9%	24.8%	-12.3%	3.29%
JGCHEM	₹2,190 cr	29.1x	4.1x	15.1%	19.8%	8.9%	–	0.18%
IGPL	₹1,596 cr	19.6x	1.2x	6.1%	9.4%	10.0%	-6.5%	1.93%

All 70 companies in Commodity Chemicals →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Chemicals	₹4,899 cr	63.0%	₹913 cr	18.6%
Fertilizers	₹2,764 cr	35.6%	₹-186 cr	-6.7%
Others	₹110 cr	1.4%	₹46 cr	41.8%

Dividends & corporate actions

Ex-date	Action	Detail
2026-09-09	Dividend	Dividend - Rs 21 Per Share
2025-09-02	Dividend	Dividend - Rs 18 Per Share
2024-09-12	Other	Annual General Meeting
2024-09-06	Dividend	Dividend - Rs 16.50 Per Share
2023-11-24	Buyback	Buy Back
2023-09-18	Dividend	Annual General Meeting/Dividend - Rs 30 Per Share
2022-09-19	Dividend	Annual General Meeting/Dividend - Rs 10 Per Share
2021-08-18	Dividend	Annual General Meeting/Dividend - Rs 8 Per Share
2020-08-20	Dividend	Annual General Meeting/Dividend - Rs 5 Per Share
2019-08-22	Dividend	Annual General Meeting/Dividend - Rs 7 Per Share
2018-08-23	Dividend	Annual General Meeting/Dividend- Rs 7.50 Per Share
2017-08-16	Dividend	Annual General Meeting/Dividend - Rs 5 Per Share
2016-08-25	Dividend	Dividend - Rs 2 Per Share
2015-08-20	Other	Annual General Meeting
2014-08-21	Dividend	Dividend Rs.3.50/- Per Share
2013-08-22	Dividend	Annual General Meeting / Dividend Rs.3.50 Per Share
2012-08-23	Dividend	Annual General Meeting / Dividend Rs.3.50 Per Share
2011-08-25	Dividend	Dividend-Rs.3.25 Per Share
2010-09-02	Dividend	Dividend-Rs.3.25 Per Share
2009-08-18	Dividend	Dividend-Rs.3.25 Pr Share

Documents

Links go to the original files on the exchange website.

About the company

Chemical segments: GNFC has established a core setup for chemicals and Petrochemicals Plants such as Methanol, Formic Acid, Acetic Acid, Toluene Di-Isocyanate (TDI), Technical Grade Urea (TGU), Weak Nitric Acid, Concentrated Nitric Acid, Ethyl Acetate, Aniline and Ammonium Nitrate. GNFC is the only producer of Acetic Acid and Formic Acid in India and has the largest single-stream Aniline plant in India. It is the only manufacturer of Toluene Di–Isocyanate (TDI) in Southeast Asia and the Indian Sub-Continent
Fertilizers segment: This segment began with the establishment of one of the largest single-stream Ammonia Urea Plants. It includes the manufacturing of Urea and Ammonium Nitro phosphate, which was being marketed under the brand ‘Narmada’ till Dec 2022. Thereafter these are being marketed under brand ‘Bharat’ as mandated by GoI under “One Nation One Fertilizer” (ONOF) Initiative-under Pradhanmantri Bhartiya Janurvarak Pariyojna (PMBJP) subsidy scheme


Sector	Commodities
Industry	Commodity Chemicals
Sub-industry	Commodity Chemicals
Symbol	GNFC
BSE code	500670
ISIN	INE113A01013
Face value	₹10.0
Incorporated	1976-05-10
Website	http://www.gnfc.in
Plants (India / abroad)	2 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.