Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) — shareholding pattern, promoter holding, financials and share price
About Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC)
Gujarat Narmada Valley Fertilizers & Chemicals Ltd operates in the Commodity Chemicals industry, within the Chemicals sector. It trades on the NSE as GNFC and on the BSE under scrip code 500670. Its ISIN is INE113A01013.
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), is a joint sector enterprise promoted by the Gujarat State Investments Limited (GSIL), a Government of Gujarat undertaking, and the Gujarat State Fertilizers & Chemicals Ltd.(GSFC). The company was set up in Bharuch in 1976 while its manufacturing and marketing operations were started in 1982. The company operates businesses mainly in the Industrial Chemicals, Fertilizers apart from the small presence of IT services. In the chemical segment, it has a product portfolio of various bulk chemicals that are used in industries for manufacturing various specialty chemicals as well as end products.
GNFC is an integrated Indian chemicals and fertiliser manufacturer with an IT services arm (n)Code, producing core products such as ammonia/urea, acetic acid, formic acid, TDI, aniline, ammonium nitrate and various downstream chemical intermediates from its Bharuch and Dahej complexes.
The company reported Q3 FY25‑26 operating revenue of ₹1,996 crore and PAT of ₹150 crore, with chemicals driving performance (Q3 chemical segment result ₹156 crore) while the fertiliser segment remained loss‑making in the quarter, reflecting a bifurcated earnings profile across businesses.
Listed peers in Commodity Chemicals: Tanfac Industries Ltd, Gujarat Alkalies & Chemicals Ltd, GHCL Ltd, Grauer & Weil (India) Ltd, Chemplast Sanmar Ltd, Thirumalai Chemicals Ltd.
Valuation & Returns
10 Jul 2026At ₹503.5 a share on 10 Jul 2026, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) was valued at a price-to-earnings ratio of 9.28x against an industry P/E of 45.11x and a price-to-book of 0.86x on a book value of ₹583.61 per share as of Mar 2025. Solomo computes return on equity of 9.29% and return on capital employed of 12.34% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 9.28x
- Industry P/E
- 45.11x
- P/B
- 0.86x
- EPS (TTM)
- ₹54.24
- Book value / share
- ₹583.61
- ROE
- 9.29%
- ROCE
- 12.34%
- ROA
- 7.24%
- Debt / equity
- 0.01x
- Dividend yield
- 3.57%
- EBITDA margin
- 17.73%
- 52-week range
- ₹364.85 – ₹616
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) reported revenue of ₹7,773 crore, net profit of ₹808 crore and earnings per share of ₹54.99. That compares with revenue of ₹7,892 crore and net profit of ₹598 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹2,208 crore and net profit ₹396 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 8,642 | 10,227 | 7,930 | 7,892 | 7,773 |
| Net profit (₹ cr) | 1,710 | 1,472 | 497 | 598 | 808 |
| EPS (₹) | 110.05 | 94.68 | 33.83 | 40.68 | 54.99 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 5.57% | 8.86% | -2.98% | -0.47% |
| Profit growth | 14.53% | 3.26% | -29.95% | 20.78% |
| Stock price CAGR | 12% | 7% | -5% | -7% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 41.3% of Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) (unchanged from the previous quarter), foreign institutional investors (FII) hold 13.11% and domestic institutional investors (DII) hold 11.02%. Market capitalisation was ₹7,398 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: ICICI PRUDENTIAL MULTI-ASSET FUND 8.35%, INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY M 2.17%, THE NEW INDIA ASSURANCE COMPANY LIMITED 1.33%, HUF 1.23%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 41.3% | - | 13.11% | 11.02% | 58.7% |
| Mar 2026 | 41.3% | - | 12.05% | 11.06% | 58.7% |
| Dec 2025 | 41.3% | - | 12.13% | 11.12% | 58.7% |
| Sep 2025 | 41.3% | - | 12.09% | 10.69% | 58.7% |
| Jun 2025 | 41.3% | - | 12.67% | 10.49% | 58.7% |
| Mar 2025 | 41.3% | - | 15.03% | 10.13% | 58.7% |
| Dec 2024 | 41.3% | - | 15.41% | 11.11% | 58.7% |
| Sep 2024 | 41.3% | - | 16.15% | 11.15% | 58.7% |