Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) - Net Assets

Latest as of March 2026: Rs95.09 Billion INR ≈ $1.03 Billion USD

Based on the latest financial reports, Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has net assets worth Rs95.09 Billion INR (≈ $1.03 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs113.59 Billion ≈ $1.23 Billion USD) and total liabilities (Rs18.50 Billion ≈ $200.07 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Gujarat Narmada Valley Fertilizers and C (GNFC) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs95.09 Billion
% of Total Assets	83.71%
Annual Growth Rate	11.21%
5-Year Change	19.01%
10-Year Change	146.65%
Growth Volatility	8.6

Gujarat Narmada Valley Fertilizers and Chemicals Limited - Net Assets Trend (2002–2026)

This chart illustrates how Gujarat Narmada Valley Fertilizers and Chemicals Limited's net assets have evolved over time, based on quarterly financial data. See Gujarat Narmada Valley Fertilizers and C (GNFC) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Gujarat Narmada Valley Fertilizers and Chemicals Limited (2002–2026)

The table below shows the annual net assets of Gujarat Narmada Valley Fertilizers and Chemicals Limited from 2002 to 2026. For live valuation and market cap data, see Gujarat Narmada Valley Fertilizers and C (GNFC) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs95.09 Billion ≈ $1.03 Billion	+10.89%
2025-03-31	Rs85.75 Billion ≈ $927.35 Million	+3.20%
2024-03-31	Rs83.09 Billion ≈ $898.56 Million	-8.75%
2023-03-31	Rs91.05 Billion ≈ $984.68 Million	+13.96%
2022-03-31	Rs79.90 Billion ≈ $864.09 Million	+31.67%
2021-03-31	Rs60.68 Billion ≈ $656.25 Million	+14.51%
2020-03-31	Rs52.99 Billion ≈ $573.10 Million	+4.63%
2019-03-31	Rs50.65 Billion ≈ $547.73 Million	+12.12%
2018-03-31	Rs45.17 Billion ≈ $488.50 Million	+17.17%
2017-03-31	Rs38.55 Billion ≈ $416.93 Million	+15.99%
2016-03-31	Rs33.24 Billion ≈ $359.44 Million	+5.37%
2015-03-31	Rs31.54 Billion ≈ $341.14 Million	+7.09%
2014-03-31	Rs29.46 Billion ≈ $318.55 Million	+8.41%
2013-03-31	Rs27.17 Billion ≈ $293.83 Million	+8.35%
2012-03-31	Rs25.07 Billion ≈ $271.17 Million	+9.01%
2011-03-31	Rs23.00 Billion ≈ $248.76 Million	+10.64%
2010-03-31	Rs20.79 Billion ≈ $224.84 Million	+3.22%
2009-03-31	Rs20.14 Billion ≈ $217.82 Million	+9.12%
2008-03-31	Rs18.46 Billion ≈ $199.61 Million	+17.51%
2007-03-31	Rs15.71 Billion ≈ $169.86 Million	+33.41%
2006-03-31	Rs11.77 Billion ≈ $127.32 Million	+11.61%
2005-03-31	Rs10.55 Billion ≈ $114.08 Million	+20.64%
2004-03-31	Rs8.74 Billion ≈ $94.56 Million	+9.33%
2003-03-31	Rs8.00 Billion ≈ $86.49 Million	+7.77%
2002-03-31	Rs7.42 Billion ≈ $80.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gujarat Narmada Valley Fertilizers and Chemicals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs1.47 Billion	1.61%
Other Components	Rs89.68 Billion	98.39%
Total Equity	Rs91.15 Billion	100.00%

Gujarat Narmada Valley Fertilizers and Chemicals Limited Competitors by Market Cap

The table below lists competitors of Gujarat Narmada Valley Fertilizers and Chemicals Limited ranked by their market capitalization.

Company	Market Cap
BeiJing Certificate Authority Co Ltd SHE:300579	$894.10 Million
SINOPEC Engineering (Group) Co. Ltd F:1NS	$894.11 Million
Cullinan Oncology LLC NASDAQ:CGEM	$894.21 Million
GrocerIQ, Inc NYSE:WPFHD	$894.41 Million
Cargojet Inc TO:CJT	$893.83 Million
Zhejiang Qianjiang Motorcycle Co Ltd SHE:000913	$893.55 Million
Guotai Epoint Software Co Ltd SHG:688232	$893.32 Million
Evertz Technologies Limited TO:ET	$893.31 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gujarat Narmada Valley Fertilizers and Chemicals Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 85,750,000,000 to 91,150,000,000, a change of 5,400,000,000 (6.3%).
Net income of 8,080,000,000 contributed positively to equity growth.
Dividend payments of 2,600,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 40,924,800,000.
Other factors increased equity by 40,844,800,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs8.08 Billion	+8.86%
Dividends Paid	Rs2.60 Billion	-2.85%
Other Comprehensive Income	Rs-40.92 Billion	-44.9%
Other Changes	Rs40.84 Billion	+44.81%
Total Change	Rs-	6.30%

Book Value vs Market Value Analysis

This analysis compares Gujarat Narmada Valley Fertilizers and Chemicals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.91x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 8.54x to 0.91x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs65.91	Rs562.60	x
2006-03-31	Rs80.37	Rs562.60	x
2007-03-31	Rs101.06	Rs562.60	x
2008-03-31	Rs118.75	Rs562.60	x
2009-03-31	Rs129.59	Rs562.60	x
2010-03-31	Rs133.77	Rs562.60	x
2011-03-31	Rs147.14	Rs562.60	x
2012-03-31	Rs161.34	Rs562.60	x
2013-03-31	Rs174.81	Rs562.60	x
2014-03-31	Rs189.52	Rs562.60	x
2015-03-31	Rs202.96	Rs562.60	x
2016-03-31	Rs213.85	Rs562.60	x
2017-03-31	Rs248.05	Rs562.60	x
2018-03-31	Rs290.64	Rs562.60	x
2019-03-31	Rs325.88	Rs562.60	x
2020-03-31	Rs340.97	Rs562.60	x
2021-03-31	Rs390.44	Rs562.60	x
2022-03-31	Rs514.10	Rs562.60	x
2023-03-31	Rs585.84	Rs562.60	x
2024-03-31	Rs542.78	Rs562.60	x
2025-03-31	Rs583.30	Rs562.60	x
2026-03-31	Rs620.11	Rs562.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gujarat Narmada Valley Fertilizers and Chemicals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.86%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.39%
• Asset Turnover: 0.68x
• Equity Multiplier: 1.25x
Recent ROE (8.86%) is below the historical average (12.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	11.08%	4.51%	0.75x	3.26x	Rs74.08 Million
2003	12.77%	5.94%	0.71x	3.02x	Rs204.56 Million
2004	14.97%	7.31%	0.78x	2.64x	Rs401.75 Million
2005	24.53%	11.20%	0.85x	2.58x	Rs1.42 Billion
2006	25.03%	13.72%	1.07x	1.71x	Rs1.77 Billion
2007	20.79%	11.92%	1.02x	1.72x	Rs1.69 Billion
2008	20.20%	10.86%	1.20x	1.55x	Rs1.88 Billion
2009	11.30%	7.79%	0.98x	1.48x	Rs261.06 Million
2010	5.96%	4.74%	0.79x	1.59x	Rs-840.67 Million
2011	11.65%	9.37%	0.67x	1.87x	Rs378.46 Million
2012	11.32%	7.35%	0.68x	2.27x	Rs330.87 Million
2013	10.05%	6.43%	0.61x	2.58x	Rs14.11 Million
2014	9.92%	6.03%	0.52x	3.15x	Rs-22.84 Million
2015	-14.04%	-9.54%	0.51x	2.89x	Rs-7.58 Billion
2016	5.41%	3.95%	0.53x	2.57x	Rs-1.53 Billion
2017	13.72%	11.55%	0.58x	2.06x	Rs1.43 Billion
2018	17.60%	13.66%	0.80x	1.60x	Rs3.43 Billion
2019	14.80%	12.77%	0.77x	1.50x	Rs2.43 Billion
2020	9.59%	9.88%	0.61x	1.59x	Rs-219.19 Million
2021	11.49%	13.63%	0.61x	1.38x	Rs901.30 Million
2022	21.41%	19.83%	0.80x	1.34x	Rs9.11 Billion
2023	16.16%	14.42%	0.87x	1.28x	Rs5.61 Billion
2024	5.98%	6.30%	0.74x	1.28x	Rs-3.34 Billion
2025	6.96%	7.11%	0.76x	1.28x	Rs-2.60 Billion
2026	8.86%	10.39%	0.68x	1.25x	Rs-1.03 Billion

Industry Comparison

This section compares Gujarat Narmada Valley Fertilizers and Chemicals Limited's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $11,777,939,056
Average return on equity (ROE) among peers: 20.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC)	Rs95.09 Billion	11.08%	0.19x	$894.03 Million
Archean Chemical Industries Limited (ACI)	$19.33 Billion	5.53%	0.38x	$700.22 Million
The Andhra Sugars Limited (ANDHRSUGAR)	$6.35 Billion	17.21%	1.15x	$123.89 Million
Bhansali Engineering Polymers Limited (BEPL)	$10.02 Billion	17.96%	0.10x	$288.13 Million
Chemplast Sanmar Limited (CHEMPLASTS)	$2.46 Billion	7.18%	2.72x	$384.86 Million
DCW Limited (DCW)	$3.75 Billion	18.05%	1.78x	$190.02 Million
Deepak Fertilizers and Petrochemicals Corporation Limited (DEEPAKFERT)	$62.54 Billion	14.93%	1.10x	$2.08 Billion
DIAMINES AND CHEMICALS ORD (BSE) (DIAMINESQ)	$210.14 Million	44.52%	1.62x	$26.51 Million
DMCC SPECIALITY CHEMICALS LIMITED (DMCC)	$1.98 Billion	3.50%	1.02x	$67.27 Million
Epigral Ltd. (EPIGRAL)	$10.69 Billion	33.05%	1.28x	$532.76 Million
Foseco India Limited (FOSECOIND)	$451.96 Million	44.18%	0.86x	$423.21 Million

About Gujarat Narmada Valley Fertilizers and Chemicals Limited

NSE:GNFC India Chemicals

Market Cap

$894.03 Million

Rs82.67 Billion INR

Market Cap Rank

#9569 Global

#467 in India

Share Price

Rs562.60

Change (1 day)

+0.60%

52-Week Range

Rs366.45 - Rs568.80

All Time High

Rs829.49