Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) ROE %: 17.38% (As of Mar. 2026) — 29% Above Median


NSE:GNFC Gujarat Narmada Valley Fertilizers & Chemicals Ltd NSE:GNFC
75 GF Score
Price ₹534.15
GF Value ₹529.04
Valuation Fairly Valued
! 8 Warning Signs
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What is Gujarat Narmada Valley Fertilizers & Chemicals ROE %?

Gujarat Narmada Valley Fertilizers & Chemicals NSE:GNFC +0.67% 75 ROE % is 17.38% as of Mar. 2026, which is 29% above its 10-year median of 13.50. GuruFocus rates NSE:GNFC with a GF Score™ of 75/100 and a GF Value™ of ₹529.04 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,585 Chemicals companies, Gujarat Narmada Valley Fertilizers & Chemicals ranks better than 69.59% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Gujarat Narmada Valley Fertilizers & Chemicals's annualized net income for the quarter that ended in Mar. 2026 was ₹15,840 Mil. Gujarat Narmada Valley Fertilizers & Chemicals's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹91,150 Mil. Therefore, Gujarat Narmada Valley Fertilizers & Chemicals's annualized ROE % for the quarter that ended in Mar. 2026 was 17.38%.

The historical rank and industry rank for Gujarat Narmada Valley Fertilizers & Chemicals's ROE % or its related term are showing as below:

NSE:GNFC' s ROE % Range Over the Past 10 Years
Min: 5.71   Med: 13.5   Max: 24.33
Current: 9.2

During the past 13 years, Gujarat Narmada Valley Fertilizers & Chemicals's highest ROE % was 24.33%. The lowest was 5.71%. And the median was 13.50%.

NSE:GNFC's ROE % is ranked better than
69.59% of 1585 companies
in the Chemicals industry
Industry Median: 5.2 vs NSE:GNFC: 9.20

Gujarat Narmada Valley Fertilizers & Chemicals  (NSE:GNFC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=15840/91150
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15840 / 88320)*(88320 / 113590)*(113590 / 91150)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.93 %*0.7775*1.2462
=ROA %*Equity Multiplier
=13.94 %*1.2462
=17.38 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=15840/91150
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (15840 / 21040) * (21040 / 16120) * (16120 / 88320) * (88320 / 113590) * (113590 / 91150)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7529 * 1.3052 * 18.25 % * 0.7775 * 1.2462
=17.38 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Gujarat Narmada Valley Fertilizers & Chemicals ROE % Related Terms


Gujarat Narmada Valley Fertilizers & Chemicals ROE % Historical Data

* Premium members only.

The historical data trend for Gujarat Narmada Valley Fertilizers & Chemicals's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gujarat Narmada Valley Fertilizers & Chemicals ROE % Chart

Gujarat Narmada Valley Fertilizers & Chemicals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.33 17.22 5.71 7.07 9.13

Gujarat Narmada Valley Fertilizers & Chemicals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.84 3.87 8.28 6.94 17.38

NSE:GNFC vs DOW: ROE % Comparison

For the Chemicals subindustry, Gujarat Narmada Valley Fertilizers & Chemicals's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gujarat Narmada Valley Fertilizers & Chemicals ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gujarat Narmada Valley Fertilizers & Chemicals's ROE % distribution charts can be found below:

* The bar in red indicates where Gujarat Narmada Valley Fertilizers & Chemicals's ROE % falls into.


NSE:GNFC
75GF Score
Gujarat Narmada Valley Fertilizers & Chemicals Ltd NSE:GNFC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gujarat Narmada Valley Fertilizers & Chemicals ROE % Calculation

Gujarat Narmada Valley Fertilizers & Chemicals's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=8080/( (85756.4+91150)/ 2 )
=8080/88453.2
=9.13 %

Gujarat Narmada Valley Fertilizers & Chemicals's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=15840/( (0+91150)/ 1 )
=15840/91150
=17.38 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 17.38% mean?
Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) has a ROE % of 17.38% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gujarat Narmada Valley Fertilizers & Chemicals and its competitors. This is 29% above median its historical median of 13.50. Over the past decade, Gujarat Narmada Valley Fertilizers & Chemicals' ROE % has ranged from 5.71 to 24.33. According to the industry distribution chart, Gujarat Narmada Valley Fertilizers & Chemicals ranks #482 out of 1585 companies in the Chemicals industry, placing it in the top 30.4%.
Is Gujarat Narmada Valley Fertilizers & Chemicals' ROE % too high?
Gujarat Narmada Valley Fertilizers & Chemicals' current ROE % of 17.38% is 29% above median its 10-year median of 13.50. Over the past 10 years, this metric has ranged from a low of 5.71 to a high of 24.33. The Chemicals industry median ROE % is 5.20. Gujarat Narmada Valley Fertilizers & Chemicals' value of 17.38% is 234.2% above this industry median. Based on the distribution chart, Gujarat Narmada Valley Fertilizers & Chemicals ranks #482 out of 1585 companies in the Chemicals industry, which is above the industry midpoint. Overall, Gujarat Narmada Valley Fertilizers & Chemicals has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gujarat Narmada Valley Fertilizers & Chemicals' ROE % compare to DOW?
According to the Chemicals industry distribution chart, Gujarat Narmada Valley Fertilizers & Chemicals ranks #482 out of 1585 companies for ROE %. This puts Gujarat Narmada Valley Fertilizers & Chemicals in the upper half of its industry. The industry median ROE % is 5.20. Gujarat Narmada Valley Fertilizers & Chemicals' value of 17.38% is 234.2% above this benchmark. Historically, Gujarat Narmada Valley Fertilizers & Chemicals' own ROE % has ranged from 5.71 to 24.33 over the past decade. While the company's 10-year median is 13.50 vs. the industry median of 5.20, Gujarat Narmada Valley Fertilizers & Chemicals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.20, based on 1,585 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gujarat Narmada Valley Fertilizers & Chemicals's current ROE % of 17.38% is 234.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gujarat Narmada Valley Fertilizers & Chemicals and its competitors. For the Chemicals industry, the median ROE % is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat Narmada Valley Fertilizers & Chemicals's current ROE % is 17.38%, which is 29% above median its own 10-year median of 13.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat Narmada Valley Fertilizers & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) is currently considered Fairly Valued. The stock's GF Value™ is ₹529.04, compared to a current price of ₹534.15 — trading 1% above its estimated fair value. The current ROE % is 17.38%, which is 29% above median its 10-year median of 13.50 and 234.2% above the Chemicals industry median of 5.20. Gujarat Narmada Valley Fertilizers & Chemicals' overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC), the current ROE % is 17.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gujarat Narmada Valley Fertilizers & Chemicals (NSE:GNFC) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat Narmada Valley Fertilizers & Chemicals stock appears to be overvalued. The current stock price of ₹534.15 is trading 1% above its estimated GF Value™ of ₹529.04. GuruFocus considers Gujarat Narmada Valley Fertilizers & Chemicals to be Fairly Valued.

Key valuation signals for NSE:GNFC:

  • ROE %: 17.38% (29% above median its 10-year median of 13.50)
  • GF Value™: ₹529.04 vs. price of ₹534.15 (1% above fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 234.2% above the Chemicals median (#482 of 1585)

No single metric tells the full story. See the NSE:GNFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gujarat Narmada Valley Fertilizers & Chemicals Business Description

Other Exchanges 500670:India
Address Narmadanagar Township, Open Air Theatre, Sports Complex, P.O. Narmadanagar, Bharuch, GJ, IND, 392015
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, or GNFC, is a firm engaged in the manufacturing and selling of fertilizers, industrial chemical products and rendering Information Technology services. It operates in three business segments including fertilizer segment and chemicals segment and others. The company generates the majority of its revenues through the sale of chemicals.
75GF Score

Get the complete analysis for NSE:GNFC

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹534.15
Price
₹529.04
GF Value