ALFA Finder| Revenue growth | Volumes down significantly despite high production; profit driven by realizations. |
|---|---|
| Margins | Chemicals strong; Fertilizer margins hit by urea energy norm changes. |
| Demand visibility | Mixed; inventory liquidation noted in July and August. |
| Management confidence | Balanced, highlighting operational efficiency despite external geopolitical and cost pressures. |
Growth
Profit growth is realization-led as sales volumes declined significantly compared to production volumes.
Outlook
Ongoing ₹2,800 Cr capex expected to add ₹1,200-1,500 Cr revenue and ₹500-600 Cr EBITDA.
Risks
Global gas price volatility and fertilizer segment losses of ₹85 Cr are major headwinds.
Last quarter's promises, checked
Delivered
- Dividend payout 210% → delivered INR 21 per share (= BEAT)
- TGU production doubling in March → delivered >210,000 MT for FY26 (= BEAT)
- Ammonia expansion/Nitric acid track → delivered on track for FY27/28 (= BEAT)
Partly delivered
- Weak Nitric Acid project timeline → delivered 2.5 months delay (= PARTIAL)
Missed
- Coal-based CCPP start April 2026 → delivered synchronization delayed to June 2026 (= MISS)
Earnings Call Transcript filed with BSE, NSE: GNFC. Summary written with AI assistance from the document.
Gujarat Narmada Valley Fertilizers & Chemicals Ltd: key numbers
- Share price
- ₹478.55
- Market cap
- ₹7,032 Cr
- Revenue (annual)
- ₹7,773 Cr
- Net profit (annual)
- ₹808.6 Cr
- P/E (TTM)
- 6.7×Sector 11.4×
- Promoter holding
- 41.30%+0.00% QoQ
- FII holding
- 13.70%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Gujarat Narmada Valley Fertilizers & Chemicals Ltd
All →Gujarat Narmada Valley Fertilizers & Chemicals Annual General Meeting
GNFC shareholders approved, via postal ballot closed November 5, 2026, the appointment of Shri Sanjeev Kumar as Director and Managing Director. The resolution passed with 97.46% of votes cast in favour.
Gujarat Narmada Valley Fertilizers & Chemicals Other Announcement
GNFC informed exchanges that its RTA, KFin Technologies, is moving its corporate office effective 1 December 2026. The registered office and the company's own operations are unaffected.
Gujarat Narmada Valley Fertilizers & Chemicals Earnings Call Transcript: Key Takeaways
Q2 FY27 improved year-on-year but margins fell sequentially on product realisation, coal costs and wage provisions. Management declined to comment on Q3 or October trends.
Gujarat Narmada Valley Fertilizers & Chemicals Board Meeting Date
GNFC clarified its November 2, 2026 board meeting date was wrongly printed as 2025 in earlier intimations. Only the date is corrected; other information is unchanged.
Gujarat Narmada Valley Fertilizers & Chemicals Investor Presentation: Key Takeaways
Q2 FY27 operating revenue ₹2,773 Cr (+41% YoY, +24% QoQ); PAT ₹185 Cr (+4% YoY, −40% QoQ) on lower realisations and higher fixed costs. Company gives no guidance.
Gujarat Narmada Valley Fertilizers & Chemicals Q2 FY27 Results: Net Profit ₹194 Cr, Up 8.4% YoY
Gujarat Narmada Valley Fertilizers & Chemicals Ltd reported revenue from operations of ₹2,773 Cr (+40.9% YoY) and net profit of ₹194 Cr (+8.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹194 Cr · +8.4% YoY