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Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Gujarat Narmada Valley Fertilizers & Chemicals Ltd share Price

Sep 27, 2023 02:24 PM

Gujarat Narmada Valley Fertilizers & Chemicals Ltd

SECTOR : Chemicals | BSE :500670 | NSE : GNFC

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Company details

Day Low

Day High

601.00

607.95

52W Low

52W High

484.45

735.00

6M Return 17.76%

1Y Return -3.30%

Mkt Cap.(Cr) 9,419.95

Volume 302,031

Div Yield 4.96%

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OI Chg %

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Volume 302,031

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd: 606.10
1.10 (0.18 %)

NSE

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

Q1FY24 Quarterly Result Announced for Gujarat Narmada Valley Fertilizers & Chemicals Ltd.

Gujarat Narmada Valley Fertilizers & Chemicals announced Q1FY24 results:

Q1FY24 vs Q4FY23:
- Operating revenue of Rs 1,652 crore in Q1FY24 compared to Rs 2,271 crore in Q4FY23
- Total revenue of Rs 1,740 crore in Q1FY24 compared to Rs 2,394 crore in Q4FY23
- Operating EBITDA at Rs 105 crore in Q1FY24 compared to Rs 369 crore in Q4FY23
- EBITDA margin of 6% in Q1FY24 compared to 16% in Q4FY23, 28%
- PBT of Rs 116 crore in Q1FY24 compared to Rs 417 crore in Q4FY23
- PAT of Rs 85 crore compared to Rs 334 crore in Q4FY23
Q1FY24 vs Q1FY23:
- Operating revenue of Rs 1,652 crore in Q1FY24 compared to Rs 2,696 crore in Q1FY23
- Total revenue of Rs 1,740 crore in Q1FY24 compared to Rs 2,772 crore in Q1FY23
- Operating EBITDA at Rs 105 crore in Q1FY24 compared to Rs 763 crore in Q1FY23
- EBITDA margin of 6% in Q1FY24 compared to 28% in Q1FY23
- PBT of Rs 116 crore in Q1FY24 compared to Rs 761 crore in Q1FY23
- PAT of Rs 85 crore compared to Rs 569 crore in Q1FY23

Pankaj Joshi, IAS, Managing Director, GNFC stated, "The Q1FY24 witnessed planned annual turn around due to which, both, volume as well as financial performance is not comparable.

The annual turnaround, apart from volumes, normally also witnesses higher maintenance costs and unproductive costs which have affected net margins.

Apart from shutdown-related impacts, the output prices have softened disproportionately than input prices which have weighed on financial results.

The chemical industry, in general, has been witnessing this phenomenon, both, domestically in India as well as globally.

Many companies in the industry have announced significant operating revenue as well as margin drop even when full-blown annual turnaround is not taken in the current reporting quarter citing key reasons like lower realizations, higher input costs, low demand, etc. GNFC faced less of a demand issue given the limited volumes available due to the shutdown.

I am happy to inform you that, on the chemical side, in July 2023, the company commenced the operation of its brownfield CNA-IV with an annual production capacity of 50,000 MT. This should augur well for the company.

On the fertilizer side, the company launched Nano Urea under the Narmada brand in June 2023."

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd shares SWOT Analysis

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd Stocks COMPARISION

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INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 9,105.11 Cr FV: 10.00

Period	MF Net Purchase / (sold)	FII Net
LAST 1M	19,065.79	-9,437.36
LAST 3M	48,885.55	-453.72
LAST 6M	53,246.77	148,781.31
LAST 12M	137,184.48	160,910.46

ANNOUNCEMENT
CORPORATE ACTION

No Data Found

Date	Action Type	Ratio
Sep 18, 2023	Dividend	300
Sep 19, 2022	Dividend	100
Aug 18, 2021	Dividend	80

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Gujarat Narmada Valley Fertilizers & Chemicals Ltd Information

Stock PE (TTM)
9.52

Promoter Holding
41.18%

Book Value
585.839

ROCE
20.38%

ROE
17.13%

Description

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is in the Fertilizers sector having a market capitalization worth Rs. 5,162.24 crores, it is incorporated in the year 1976. It has reported consolidated sales of Rs. 1,733.03 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500670, and also listed on the National Stock Exchange (NSE) with the code GNFC.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a joint venture enterprise of the Govt. of Gujarat & Gujarat State Fertilizers and Chemicals Ltd. GNFC is involved in the production and distribution of fertilizers, industrial-grade chemicals, and IT related services to the IT companies. (n)Code solutions, a division of GNFC is responsible for producing the digital certificates issued by the Government of India. It also provides several other value-added services like covering System Integration, smart cities implementation, e-auction, e-procurement, etc. GNFC is also the only producer of Acetic acid in the country. The promoters of the company own 41.18% of the stake in the company, Foreign Institutional Investors (FII) own 11.66%, Domestic Institutional Investors (DII) own 10.3% stake in the company, and others (such as public & retail investors) hold the balance of 36.84%.

In June 2021, quarterly net revenue was Rs. 1,394.32 crores, which has grown sharply and increased by approximately 99.12 % from Rs. 700.23 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 239.87 crores, which has improved exponentially and increased by nearly 15,891.33% from a net profit of Rs. 1.5 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,285.61 crores, which is also increased by nearly 85.10% as compared to an operating profit of Rs. 694.56 crores for the quarter ending in June 2020. From a negligible EPS of Rs. 0.1 in June 2020, the EPS of Gujarat Narmada Valley Fertilizers & Chemicals Ltd has improved and reached Rs. 15.43 per share in June 2021. GNFC's stock closed at Rs. 332.15 on 24th August’2021 (NSE) and has given a return of 31.75% in the last six months and returned 53.42% in the previous year.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is in the Fertilizers sector having a market capitalization worth Rs. 5,162.24 crores, it is incorporated in the year 1976. It has reported consolidated sales of Rs. 1,733.03 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500670, and also listed on the National Stock Exchange (NSE) with the code GNFC.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd is a joint venture enterprise of the Govt. of Gujarat & Gujarat State Fertilizers and Chemicals Ltd. GNFC is involved in the production and distribution of fertilizers, industrial-grade chemicals, and IT related services to the IT companies. (n)Code solutions, a division of GNFC is responsible for producing the digital certificates issued by the Government of India. It also provides several other value-added services like covering System Integration, smart cities implementation, e-auction, e-procurement, etc. GNFC is also the only producer of Acetic acid in the country. The promoters of the company own 41.18% of the stake in the company, Foreign Institutional Investors (FII) own 11.66%, Domestic Institutional Investors (DII) own 10.3% stake in the company, and others (such as public & retail investors) hold the balance of 36.84%.

In June 2021, quarterly net revenue was Rs. 1,394.32 crores, which has grown sharply and increased by approximately 99.12 % from Rs. 700.23 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 239.87 crores, which has improved exponentially and increased by nearly 15,891.33% from a net profit of Rs. 1.5 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,285.61 crores, which is also increased by nearly 85.10% as compared to an operating profit of Rs. 694.56 crores for the quarter ending in June 2020. From a negligible EPS of Rs. 0.1 in June 2020, the EPS of Gujarat Narmada Valley Fertilizers & Chemicals Ltd has improved and reached Rs. 15.43 per share in June 2021. GNFC's stock closed at Rs. 332.15 on 24th August’2021 (NSE) and has given a return of 31.75% in the last six months and returned 53.42% in the previous year.

Registered Address

P O Narmadanagar, , Bharuch, Gujarat, 392015

Tel	:	91-02642-247001-15
Email	:	investor:gnfc.in
Website	:	http://www.gnfc.in

Registrar

Guj Narmada Valley Fertilizers

AGM Date (Month)	:	Sep
Face Value Equity Shares	:	10
Market Lot Equity Shares	:	1
BSE Code	:	500670
NSE Code	:	GNFC
Book Closure Date (Month)	:
BSE Group	:	A
ISIN	:	INE113A01013

FAQ’s on Gujarat Narmada Valley Fertilizers & Chemicals Ltd Shares

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Company share prices and volatile and keep changing according to the market conditions. As of Sep 27, 2023 02:24 PM the closing price of Gujarat Narmada Valley Fertilizers & Chemicals Ltd was ₹ 606.10.

What is the market cap of Gujarat Narmada Valley Fertilizers & Chemicals Ltd?

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 Sep 27, 2023 02:24 PM, the market cap of Gujarat Narmada Valley Fertilizers & Chemicals Ltd stood at ₹ 9,419.95.