Gujarat Narmada Valley Fertilizers & Chemicals: Less than 10 PE

 Video: https://www.youtube.com/watch?v=CIOPkfiHACo&pp=ygULZ25mYyByb3VuYXE%3D

  • Profitable operations supported by subsidy release support from GoI has helped improve the cash cycle
  • On operating front, new production and sales records have been established in case of Ammonium Nitrate Melt, Ethyl Acetate and Urea
  • During the year, new formic acid revamp project has been commissioned with 20 MTPD additional capacity  
  • Further foray into import substitutes like Polycarbonate and Cracker based product slates which will help improve the upstream capabilities are at advanced stage of consideration
  • As part of green initiatives, green hydrogen based investments are already approved by Board in principle. 
  • FY 2023 vs 2023
    • Company continues to be debt free and has resources to fund its already planned capex. Cash reserves in excess of ₹2,000 crores will lend good support for capex led growth.  Investments:  3,106
    • The company reported highest ever revenue of ₹10,227 Crores; 18% more than previous highest reported revenue in last financial year which was a year of historic performance
    • PAT: 1,464  Vs  1,704
    • Inflow From Operating Activities (Net) :  1,373 Vs  1,967 
    • Return On Equity :  17.32% Vs  24.55% 
    • Net Profit Ratio :  14.31% Vs  19.71%
    • Capex of ~₹2,200 crores on cards

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