Loading...

Gujarat Narmada Valley Fertilizers & Chemicals

NSEI:GNFC
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GNFC
NSEI
₹41B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Gujarat Narmada Valley Fertilizers & Chemicals Limited manufactures and markets fertilizers and chemicals in India. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
  • Gujarat Narmada Valley Fertilizers & Chemicals has significant price volatility in the past 3 months.
GNFC Share Price and Events
7 Day Returns
-1.7%
NSEI:GNFC
-1.4%
IN Chemicals
-0.7%
IN Market
1 Year Returns
-44%
NSEI:GNFC
1.9%
IN Chemicals
-1.6%
IN Market
GNFC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) -1.7% -7.1% -14.6% -44% 90.9% 160.2%
IN Chemicals -1.4% 4.8% 1% 1.9% 51.7% 148.6%
IN Market -0.7% 3.6% 0.5% -1.6% 32.8% 41.7%
1 Year Return vs Industry and Market
  • GNFC underperformed the Chemicals industry which returned 1.9% over the past year.
  • GNFC underperformed the Market in India which returned -1.6% over the past year.
Price Volatility
GNFC
Industry
5yr Volatility vs Market
Related Companies

GNFC Value

 Is Gujarat Narmada Valley Fertilizers & Chemicals undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Gujarat Narmada Valley Fertilizers & Chemicals to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Gujarat Narmada Valley Fertilizers & Chemicals.

NSEI:GNFC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 15.6%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:GNFC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.874 (1 + (1- 35%) (5.11%))
0.935
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.935 * 8.6%)
15.59%

Discounted Cash Flow Calculation for NSEI:GNFC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gujarat Narmada Valley Fertilizers & Chemicals is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:GNFC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.59%)
2019 19,552.83 Est @ 11.46% 16,915.60
2020 21,563.66 Est @ 10.28% 16,139.06
2021 23,604.42 Est @ 9.46% 15,283.64
2022 25,702.78 Est @ 8.89% 14,397.65
2023 27,884.38 Est @ 8.49% 13,512.95
2024 30,172.70 Est @ 8.21% 12,649.73
2025 32,589.39 Est @ 8.01% 11,820.10
2026 35,154.72 Est @ 7.87% 11,030.79
2027 37,888.05 Est @ 7.78% 10,284.97
2028 40,808.32 Est @ 7.71% 9,583.57
Present value of next 10 years cash flows ₹131,618.06
NSEI:GNFC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹40,808.32 × (1 + 7.55%) ÷ (15.59% – 7.55%)
₹545,853.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹545,853.50 ÷ (1 + 15.59%)10
₹128,190.16
NSEI:GNFC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹131,618.06 + ₹128,190.16
₹259,808.23
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹259,808.23 / 155.42
₹1671.67
NSEI:GNFC Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹1,675.18
Current discount Discount to share price of ₹262.20
= -1 x (₹262.20 - ₹1,675.18) / ₹1,675.18
84.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Gujarat Narmada Valley Fertilizers & Chemicals is available for.
Intrinsic value
>50%
Share price is ₹262.2 vs Future cash flow value of ₹1675.18
Current Discount Checks
For Gujarat Narmada Valley Fertilizers & Chemicals to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gujarat Narmada Valley Fertilizers & Chemicals's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gujarat Narmada Valley Fertilizers & Chemicals's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Gujarat Narmada Valley Fertilizers & Chemicals's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gujarat Narmada Valley Fertilizers & Chemicals's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:GNFC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹48.24
BSE:500670 Share Price ** BSE (2019-06-14) in INR ₹261.65
India Chemicals Industry PE Ratio Median Figure of 233 Publicly-Listed Chemicals Companies 13.71x
India Market PE Ratio Median Figure of 2,826 Publicly-Listed Companies 15.85x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Gujarat Narmada Valley Fertilizers & Chemicals.

NSEI:GNFC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500670 Share Price ÷ EPS (both in INR)

= 261.65 ÷ 48.24

5.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Narmada Valley Fertilizers & Chemicals is good value based on earnings compared to the IN Chemicals industry average.
  • Gujarat Narmada Valley Fertilizers & Chemicals is good value based on earnings compared to the India market.
Price based on expected Growth
Does Gujarat Narmada Valley Fertilizers & Chemicals's expected growth come at a high price?
Raw Data
NSEI:GNFC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Chemicals Industry PEG Ratio Median Figure of 47 Publicly-Listed Chemicals Companies 1.46x
India Market PEG Ratio Median Figure of 522 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Gujarat Narmada Valley Fertilizers & Chemicals, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gujarat Narmada Valley Fertilizers & Chemicals's assets?
Raw Data
NSEI:GNFC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹325.88
BSE:500670 Share Price * BSE (2019-06-14) in INR ₹261.65
India Chemicals Industry PB Ratio Median Figure of 271 Publicly-Listed Chemicals Companies 1.36x
India Market PB Ratio Median Figure of 3,653 Publicly-Listed Companies 1x
NSEI:GNFC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500670 Share Price ÷ Book Value per Share (both in INR)

= 261.65 ÷ 325.88

0.8x

* Primary Listing of Gujarat Narmada Valley Fertilizers & Chemicals.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Narmada Valley Fertilizers & Chemicals is good value based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Gujarat Narmada Valley Fertilizers & Chemicals's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Gujarat Narmada Valley Fertilizers & Chemicals has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GNFC Future Performance

 How is Gujarat Narmada Valley Fertilizers & Chemicals expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gujarat Narmada Valley Fertilizers & Chemicals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.8%
Expected Chemicals industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gujarat Narmada Valley Fertilizers & Chemicals expected to grow at an attractive rate?
  • Unable to compare Gujarat Narmada Valley Fertilizers & Chemicals's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Gujarat Narmada Valley Fertilizers & Chemicals's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Gujarat Narmada Valley Fertilizers & Chemicals's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:GNFC Future Growth Rates Data Sources
Data Point Source Value (per year)
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 13.1%
India Market Earnings Growth Rate Market Cap Weighted Average 16.6%
India Market Revenue Growth Rate Market Cap Weighted Average 9.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:GNFC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:GNFC Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:GNFC Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 58,960 7,497
2018-03-31 58,373 18,186 7,949
2017-03-31 45,888 14,452 5,288

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Gujarat Narmada Valley Fertilizers & Chemicals is high growth as no earnings estimate data is available.
  • Unable to determine if Gujarat Narmada Valley Fertilizers & Chemicals is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:GNFC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gujarat Narmada Valley Fertilizers & Chemicals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GNFC Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:GNFC Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 48.24
2018-03-31 51.15
2017-03-31 34.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Gujarat Narmada Valley Fertilizers & Chemicals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Gujarat Narmada Valley Fertilizers & Chemicals is trading at Gujarat Narmada Valley Fertilizers & Chemicals'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Gujarat Narmada Valley Fertilizers & Chemicals's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Gujarat Narmada Valley Fertilizers & Chemicals's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Gujarat Narmada Valley Fertilizers & Chemicals's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Gujarat Narmada Valley Fertilizers & Chemicals has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GNFC Past Performance

  How has Gujarat Narmada Valley Fertilizers & Chemicals performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Gujarat Narmada Valley Fertilizers & Chemicals's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Gujarat Narmada Valley Fertilizers & Chemicals has delivered over 20% year on year earnings growth in the past 5 years.
  • Gujarat Narmada Valley Fertilizers & Chemicals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Gujarat Narmada Valley Fertilizers & Chemicals's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
Earnings and Revenue History
Gujarat Narmada Valley Fertilizers & Chemicals's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Gujarat Narmada Valley Fertilizers & Chemicals Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:GNFC Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 58,960.20 7,497.40 5,236.30
2018-03-31 58,373.10 7,949.40 4,060.90
2017-03-31 45,887.70 5,287.90 3,890.70
2016-03-31 45,519.00 1,798.60 3,722.30
2015-12-31 44,588.03 -1,985.08 5,247.91 17.96
2015-09-30 44,994.13 -3,301.68 5,277.01 17.96
2015-06-30 46,155.10 -4,132.00 3,933.00
2015-03-31 46,415.17 -4,430.10 3,851.26
2014-12-31 47,971.55 -416.58 4,735.65 14.89
2014-09-30 50,233.05 1,120.12 4,504.65 14.89
2014-06-30 49,013.70 2,170.40 2,512.30
2014-03-31 48,702.45 2,922.72 4,122.45 14.89
2013-12-31 46,374.80 2,748.95 4,574.59 23.39
2013-09-30 43,887.20 2,679.85 4,470.09 23.39
2013-06-30 43,406.90 2,657.00 2,628.70
2013-03-31 42,716.80 2,731.05 4,380.14 23.39
2012-12-31 43,102.07 2,810.05 4,304.48 18.42
2012-09-30 42,338.77 2,664.65 4,298.18 18.42
2012-06-30 40,887.30 2,749.30 2,896.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Gujarat Narmada Valley Fertilizers & Chemicals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gujarat Narmada Valley Fertilizers & Chemicals used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Gujarat Narmada Valley Fertilizers & Chemicals has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gujarat Narmada Valley Fertilizers & Chemicals's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Gujarat Narmada Valley Fertilizers & Chemicals has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GNFC Health

 How is Gujarat Narmada Valley Fertilizers & Chemicals's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Gujarat Narmada Valley Fertilizers & Chemicals's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gujarat Narmada Valley Fertilizers & Chemicals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gujarat Narmada Valley Fertilizers & Chemicals's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gujarat Narmada Valley Fertilizers & Chemicals's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 12x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Gujarat Narmada Valley Fertilizers & Chemicals Company Filings, last reported 2 months ago.

NSEI:GNFC Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 50,647.30 2,079.30 2,349.20
2018-03-31 45,170.40 3,030.30 61.50
2017-03-31 38,552.30 19,589.20 41.00
2016-03-31 33,236.90 31,013.50 4,317.40
2015-12-31 25,218.10 31,701.40 142.70
2015-09-30 25,218.10 31,701.40 142.70
2015-06-30 24,801.80 31,744.20 159.40
2015-03-31 25,191.47 38,436.90 159.43
2014-12-31 28,519.90 25,600.80 163.90
2014-09-30 28,519.90 25,600.80 163.90
2014-06-30 29,455.60 33,500.50 1,734.20
2014-03-31 29,455.63 39,039.33 1,734.25
2013-12-31 28,169.40 26,749.30 2,713.40
2013-09-30 28,169.40 26,749.30 2,713.40
2013-06-30 27,169.40 28,306.40 2,211.90
2013-03-31 27,169.39 31,962.51 2,211.93
2012-12-31 26,126.00 17,412.90 1,560.10
2012-09-30 26,126.00 17,412.90 1,560.10
2012-06-30 25,074.80 12,507.70 2,999.00
  • Gujarat Narmada Valley Fertilizers & Chemicals's level of debt (4.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (132.3% vs 4.1% today).
  • Debt is well covered by operating cash flow (874.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 129.4x coverage).
X
Financial health checks
We assess Gujarat Narmada Valley Fertilizers & Chemicals's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Gujarat Narmada Valley Fertilizers & Chemicals has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GNFC Dividends

 What is Gujarat Narmada Valley Fertilizers & Chemicals's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.68%
Current annual income from Gujarat Narmada Valley Fertilizers & Chemicals dividends.
If you bought ₹2,000 of Gujarat Narmada Valley Fertilizers & Chemicals shares you are expected to receive ₹54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Gujarat Narmada Valley Fertilizers & Chemicals's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Gujarat Narmada Valley Fertilizers & Chemicals's dividend is above the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:GNFC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 170 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1449 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:GNFC Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:GNFC Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-29 7.000 2.508
2018-04-23 7.500 2.107
2017-08-29 5.000 1.191
2017-05-29 5.000 1.747
2016-08-22 2.000 0.880
2016-04-26 2.000 1.457
2016-01-27 0.000 0.000
2015-11-03 0.000 0.000
2015-08-11 0.000 0.000
2015-05-28 0.000 0.000
2014-07-30 3.500 4.266
2013-09-23 3.500 4.627
2012-07-31 3.500 4.538
2011-08-08 3.250 3.826
2011-05-27 3.250 3.293
2010-08-06 3.250 2.871

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Gujarat Narmada Valley Fertilizers & Chemicals has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Gujarat Narmada Valley Fertilizers & Chemicals only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Gujarat Narmada Valley Fertilizers & Chemicals's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Gujarat Narmada Valley Fertilizers & Chemicals's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Gujarat Narmada Valley Fertilizers & Chemicals afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gujarat Narmada Valley Fertilizers & Chemicals has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GNFC Management

 What is the CEO of Gujarat Narmada Valley Fertilizers & Chemicals's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
M. Dagur
AGE 60
TENURE AS CEO 0.9 years
CEO Bio

Mr. M. S. Dagur, IAS, has been Managing Director and Director at Gujarat Narmada Valley Fertilizers & Chemicals Limited since July 16, 2018. Mr. Dagur served as Managing Director of Gujarat Alkalies & Chemicals Ltd., from July 19, 2011 to February 26, 2014. Mr. Dagur served as a Director of Gujarat Industries Power Co. Ltd., since August 9, 2011 until March 4, 2014. He served as a Director of Gujarat Alkalies & Chemicals Ltd. since July 19, 2011 until February 26, 2014.

CEO Compensation
  • Insufficient data for M. to compare compensation growth.
  • Insufficient data for M. to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the Gujarat Narmada Valley Fertilizers & Chemicals management team in years:

2.2
Average Tenure
53
Average Age
  • The tenure for the Gujarat Narmada Valley Fertilizers & Chemicals management team is about average.
Management Team

D. Parikh

TITLE
GM & CFO
COMPENSATION
₹3M
AGE
48
TENURE
2.3 yrs

T. Lakhmapurkar

TITLE
Company Secretary
COMPENSATION
₹2M
AGE
49
TENURE
2.2 yrs

M. Dagur

TITLE
MD & Executive Director
AGE
60
TENURE
0.9 yrs

G. Maharaj

TITLE
Executive Director
TENURE
2.2 yrs

P. Dave

TITLE
Executive Director
AGE
57
TENURE
2.2 yrs

G. Trivedi

TITLE
Executive Director
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Gujarat Narmada Valley Fertilizers & Chemicals board of directors in years:

4.2
Average Tenure
59
Average Age
  • The tenure for the Gujarat Narmada Valley Fertilizers & Chemicals board of directors is about average.
Board of Directors

Jagdip Singh

TITLE
Non-Executive Non-Independent Chairman
COMPENSATION
₹45K
AGE
59
TENURE
2.8 yrs

M. Dagur

TITLE
MD & Executive Director
AGE
60
TENURE
0.9 yrs

Arvind Sahay

TITLE
Independent Non-Executive Director
COMPENSATION
₹100K
AGE
53
TENURE
4.8 yrs

Chandrasekhar Mani

TITLE
Independent Non-Executive Director
COMPENSATION
₹235K
AGE
71
TENURE
4.8 yrs

Piruz Khambatta

TITLE
Independent Non-Executive Director
AGE
50
TENURE
4.7 yrs

Sunil Parekh

TITLE
Independent Non-Executive Director
COMPENSATION
₹235K
AGE
62
TENURE
4.7 yrs

Mamta Verma

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹175K
AGE
46
TENURE
3.7 yrs

Sujit Gulati

TITLE
Additional Director
AGE
59
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Gujarat Narmada Valley Fertilizers & Chemicals's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Gujarat Narmada Valley Fertilizers & Chemicals has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GNFC News

Simply Wall St News

Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) Delivered A Better ROE Than Its Industry

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC). … Gujarat Narmada Valley Fertilizers & Chemicals has a ROE of 18%, based on the last twelve months. … Check out our latest analysis for Gujarat Narmada Valley Fertilizers & Chemicals?

Simply Wall St -

Understanding Your Return On Investment In Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC)

and want to begin learning the link between Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC)’s return fundamentals and stock market performance. … Therefore, looking at how efficiently Gujarat Narmada Valley Fertilizers & Chemicals is able to use capital to create earnings will help us understand your potential return. … See our latest analysis for Gujarat Narmada Valley Fertilizers & Chemicals

Simply Wall St -

Read This Before Buying Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) For Its Upcoming ₹7.50 Dividend

On the 29 October 2018, Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) will be paying shareholders an upcoming dividend amount of ₹7.50 per share. … Below, I will explain how holding Gujarat Narmada Valley Fertilizers & Chemicals can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … See our latest analysis for Gujarat Narmada Valley Fertilizers & Chemicals?

Simply Wall St -

Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) Delivered A Better ROE Than The Industry, Here’s Why

Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) outperformed the fertilizers and agricultural chemicals industry on the basis of its ROE – producing a higher 17.60% relative to the peer average of 13.99% over the past 12 months. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … View our latest analysis for Gujarat Narmada Valley Fertilizers & Chemicals

Simply Wall St -

Does Gujarat Narmada Valley Fertilizers & Chemicals Limited's (NSE:GNFC) PE Ratio Signal A Buying Opportunity?

Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) trades with a trailing P/E of 7.8x, which is lower than the industry average of 17.9x. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … See our latest analysis for Gujarat Narmada Valley Fertilizers & Chemicals

Simply Wall St -

How Does Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) Affect Your Portfolio Returns?

If you are a shareholder in Gujarat Narmada Valley Fertilizers & Chemicals Limited’s (NSE:GNFC), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolio is important. … Generally, an investor should consider two types of risk that impact the market value of GNFC. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

What You Must Know About Gujarat Narmada Valley Fertilizers & Chemicals Limited's (NSE:GNFC) Financial Strength

While small-cap stocks, such as Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) with its market cap of ₹62.36b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Should Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) Be Part Of Your Dividend Portfolio?

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) has returned to shareholders over the past 10 years, an average dividend yield of 2.00% annually. … Does Gujarat Narmada Valley Fertilizers & Chemicals tick all the boxes of a great dividend stock?

Simply Wall St -

Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) Has Attractive Fundamentals, Here's Why

Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of GNFC, it

Simply Wall St -

Does Gujarat Narmada Valley Fertilizers & Chemicals Limited (NSE:GNFC) Have A Place In Your Portfolio?

Does Gujarat Narmada Valley Fertilizers & Chemicals tick all the boxes of a great dividend stock? … View our latest analysis for Gujarat Narmada Valley Fertilizers & Chemicals 5 checks you should use to assess a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it paying an annual yield above 75% of dividend payers? … In terms of its peers, Gujarat Narmada Valley Fertilizers & Chemicals generates a yield of 1.60%, which is high for Chemicals stocks but still below the market's top dividend payers.Next Steps: Whilst there are few things you may like about Gujarat Narmada Valley Fertilizers & Chemicals from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

GNFC Company Info

Description

Gujarat Narmada Valley Fertilizers & Chemicals Limited manufactures and markets fertilizers and chemicals in India. It offers fertilizers, such as urea, ammonium nitrophosphate, neem de-oiled cake, and water soluble under the NARMADA brand name. The company also trades in diammonium phosphate, muriate of potash, single super phosphate, ammonium sulphate, and city compost. In addition, it provides industrial chemicals, such as methanol, acetic acid, toluene di – isocyanate, aniline, concentrated nitric acid, weak nitric acid, formic acid, ammonium nitrate, ethyl acetate, methyl formate, calcium carbonate, nitrobenzene, and catsol, as well as other products comprising hydrochloric acid, liquid nitrogen, ortho-toluene diamine, meta-toluene diamine, dilute sulphuric acid, dilute nitric acid, and sodium hypochlorite used by a range of manufacturers, processors, and chemical operators. Further, the company offers information technology services consisting of digital signature certificates, eSign, time stamping, e-procurement, e-governance, data center, closed-circuit television surveillance, cloud, software application, authentication, and payment gateway services; and security services, such as managed IT, as well as infrastructure design and building services. The company was formerly known as Gujarat Narmada Valley Fertilizers Co. Ltd. Gujarat Narmada Valley Fertilizers & Chemicals Limited was founded in 1976 and is headquartered in Bharuch, India.

Details
Name: Gujarat Narmada Valley Fertilizers & Chemicals Limited
GNFC
Exchange: NSEI
Founded: 1976
₹40,665,324,571
155,418,783
Website: http://www.gnfc.in
Address: Gujarat Narmada Valley Fertilizers & Chemicals Limited
P.O. Narmadanagar,
Bharuch,
Gujarat, 392015,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500670 Equity Shares Mumbai Stock Exchange IN INR 17. May 1995
NSEI GNFC Equity Shares National Stock Exchange of India IN INR 17. May 1995
Number of employees
Current staff
Staff numbers
2,436
Gujarat Narmada Valley Fertilizers & Chemicals employees.
Industry
Fertilizers and Agricultural Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 12:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/30
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.