Gujarat Narmada Valley Fertilizers & Chemicals GNFC
Gujarat state-backed fertiliser and chemicals maker contracting green ammonia for Bharuch
Mapped in 1 theme: Green Hydrogen Mission.
Where Gujarat Narmada Valley Fertilizers & Chemicals sits in the supply chain
Gujarat Narmada Valley Fertilizers & Chemicals appears in 1 supply-chain layer in one theme, Green Hydrogen Mission.
Green Hydrogen Mission › Green ammonia & fertilisers
OwnerOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 8,642 | 10,227 | 7,930 | 7,892 | 7,773 |
| Net profit | 1,710 | 1,472 | 497 | 598 | 809 |
Latest-year revenue ₹7,773 Cr (FY26, company-wide).
Note: Green ammonia is a future input, not revenue.
Strengths
- SECI auction (Aug 2025): 50,000 tonnes a year from Onix Renewable at ₹52.50/kg
- Ammonia feeds both its fertiliser and chemicals lines
Risks
- Supplier is a smaller unlisted developer
- Chemicals cycle drives earnings far more than green ammonia
Common questions
What does Gujarat Narmada Valley Fertilizers & Chemicals do?
Gujarat state-backed fertiliser and chemicals maker contracting green ammonia for Bharuch.
Where does Gujarat Narmada Valley Fertilizers & Chemicals sit in the supply chain?
Gujarat Narmada Valley Fertilizers & Chemicals (NSE: GNFC) is mapped in 1 supply-chain layer: Green ammonia & fertilisers (Green Hydrogen Mission).
Who are Gujarat Narmada Valley Fertilizers & Chemicals' peers?
In the Green ammonia & fertilisers layer of Green Hydrogen Mission: AM Green (not NSE-listed), ACME Cleantech Solutions (not NSE-listed), Paradeep Phosphates, Coromandel International and IFFCO (Indian Farmers Fertiliser Cooperative) (not NSE-listed).
What is Gujarat Narmada Valley Fertilizers & Chemicals' market cap and valuation?
As of 6 Nov 2026: market cap ₹6,643 Cr, P/E 6.3x, ROCE 12.0%, ROE 9.1%, dividend yield 4.65%.