Integrated chemicals and fertilizers producer with plants at Bharuch and Dahej in Gujarat, in operation for 50 years and profitable in 49 of those. FY26 revenue of ₹7,773 crore split between chemicals at 63% of segment revenue (₹4,899 crore, ₹913 crore segment EBIT), fertilizers at 35.6% (₹2,764 crore, -₹186 crore segment EBIT) and others at 1.4% (₹110 crore). The chemicals segment makes TDI for polyurethanes, ammonium nitrate for mining and civil explosives, plus ammonia, methanol, acetic acid, ethyl acetate, formic acid and aniline, sold to industrial customers; the fertilizers segment makes neem-coated urea for agriculture but lost money because government-set urea prices don't yet cover revised energy norms; the 'others' segment houses an IT services unit whose FY26 profit doubled to ₹35 crore from ₹17 crore. Materials and feedstock purchases are the largest cost at 50.4% of revenue, with FY27 capex guided at ₹2,800 crore for an ammonia expansion, ammonium nitrate melt, weak nitric acid project and a coal-based captive power plant at Dahej (delayed to August 2026, expected to save ₹10-12 crore per month once running). FY26 PAT of ₹797 crore was up 36% year-on-year on better TDI, AN and technical-grade urea realizations plus lower toluene, benzene and ammonia costs; AN demand is supported by India's coal-mining push, with the market growing at 6-7% CAGR against a current import gap of 4-4.5 lakh MT, while methanol production is uneconomic at current gas prices and the board has declared a ₹21/share dividend (210%). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Chemicals (63%), Fertilizers (36%), Others (1%). Cyclical, asset-heavy commodity chemicals and fertilizers with regulated urea pricing
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 8,642 | 10,227 | 7,930 | 7,892 | 7,773 |
| EBITDA (ex other income) | 2,384 | 1,879 | 503 | 615 | 879 |
| margin % | 27.6 | 18.4 | 6.3 | 7.8 | 11.3 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 110.05 | 94.97 | 32.48 | 40.61 | 54.97 |
| ROE % · ROCE % | 21.4 · 24.6 | 16.2 · 18.6 | 6.0 · 6.9 | 7.0 · 8.2 | 8.9 · 10.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Cash from operations | 1,967 | 1,373 | 32 | 606 | 654 |
| Capex | (138) | (173) | (251) | (453) | (546) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,917 | 1,899 | 2,055 | 1,601 | 1,968 | 1,996 | 2,208 | 2,238 |
| Profit before tax | 135 | 211 | 287 | 105 | 230 | 204 | 526 | 416 |
| Net profit | 105 | 163 | 211 | 83 | 179 | 150 | 396 | 312 |
| EPS (₹) | 7.14 | 11.09 | 14.35 | 5.65 | 12.18 | 10.20 | 26.94 | 21.22 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Fertilizers | 2,764 | 35.6 |
| Chemicals | 4,899 | 63.0 |
| Others | 110 | 1.4 |
| Total, before eliminations | 7,773 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DEEPAK FERTILIZERS & PETR | 16,727 | 17.0 | 2.24 | 12.2 | 9.9 | 8.4 | 14.6 | 26.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 10 Sept 2026 · GNFC Managing Director change: Sanjeev Kumar replaces Rajkumar Beniwal | management changes | critical | — | — |
| 9 Sept 2026 · GNFC appoints Sanjeev Kumar as new MD; Beniwal steps down | management changes | high | — | — |
| 9 Sept 2026 · GNFC: MD Rajkumar Beniwal replaced by Sanjeev Kumar, IAS | management changes | critical | — | — |
| 9 Sept 2026 · GNFC: Sanjeev Kumar IAS appointed MD, Beniwal ceases as MD | management changes | high | — | — |
| 6 Sept 2026 · GNFC Managing Director Change: Rajkumar Beniwal Out, Sanjeev Kumar In | business updates | medium | — | — |
| 25 Aug 2026 · GNFC 50th AGM notice published; meeting set for September 16, 2026 | compliance | minimal | — | — |
| 22 Aug 2026 · GNFC shares web link of 50th Annual Report for FY 2025-26 with shareholders | compliance | minimal | — | — |
| 22 Aug 2026 · GNFC files Business Responsibility and Sustainability Report for FY 2025-26 | general | low | — | — |
| 22 Aug 2026 · GNFC 50th AGM notice and Annual Report for FY2025-26 filed with exchanges | board shareholder meetings | medium | — | — |
| 22 Aug 2026 · GNFC 50th AGM notice and Annual Report for FY 2025-26 sent to shareholders | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| TATA CHEMICALS LTD |
| 15,683 |
| — |
| 0.71 |
| 141.2 |
| (7.7) |
| (5.0) |
| 7.4 |
| 14.4 |
| GUJ NAR VAL FER & CHEM L ◆ | 8,273 | 8.0 | 0.91 | 6.0 | 8.9 | 10.3 | 8.7 | 22.1 |
| TANFAC INDUSTRIES LTD. | 6,773 | 55.4 | 18.15 | — | 18.8 | 24.3 | — | 16.0 |
| GUJARAT ALKALIES & CHEM | 5,179 | 78.0 | 1.00 | 10.7 | (0.0) | 0.7 | 12.4 | 18.4 |
| GHCL LIMITED | 3,879 | 8.4 | 1.09 | 5.1 | 13.3 | 16.6 | 1.1 | 23.9 |
| GRAUER & WEIL IND LTD | 3,469 | 21.2 | 3.21 | 14.1 | 15.2 | 19.2 | 14.5 | 20.4 |
| J.G.CHEMICALS LIMITED | 2,330 | 31.0 | 4.31 | 23.7 | 12.7 | 16.9 | — | 11.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.0 | 17.0 | 13 of 57 | 79% |
| P/B | 0.9 | 1.4 | 17 of 59 | 69% |
| ROCE | 10.3 | 6.2 | 21 of 65 | 69% |
| ROE | 8.9 | 4.9 | 26 of 65 | 61% |
| Debt / Equity | 0.0 | 0.2 | 7 of 65 | 78% |
| EBITDA margin | 22.1 | 13.3 | 10 of 58 | 84% |
| Revenue growth | 39.8 | 6.7 | 8 of 54 | 87% |
| Profit growth | 275.9 | 21.0 | 10 of 64 | 86% |
| Market cap | 8273 | 77 | 3 of 65 | 97% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
