Gujarat Narmada Valley Fertilizers and Chemicals Limited

1999 Million

Methanol - I 1989 Methanol - II 1991 Acetic Acid 1998 Aniline & Toluene Di-isocyanate 1 1999 Millions of Farmers served across India ≈ $1 bn Worth of forex saved yearly 2450+ Employees working

100 %

ers served across India ≈ $1 bn Worth of forex saved yearly 2450+ Employees working together 100 % + Capacity utilization in most plants 600 Cr. + Contribution to Govt. treasury 2006 Concent

rs,

4 5 6 7 8 9 Toluene Di – Isocyanate Flexible PU, Mattresses, Car Seating, Adhesives, Elastomers, Coatings AN Melt Acetic Acid Ethyl Acetate Explosives, Insecticides, Pyrotechniques Ethyl Aceta

180%

ved due to better realizations from chemicals General: • • • • Board has announced Dividend @ 180% with payout ratio of 45%, Highest ever production of ammonia, urea and weak nitric acid Brownfield

45%

ions from chemicals General: • • • • Board has announced Dividend @ 180% with payout ratio of 45%, Highest ever production of ammonia, urea and weak nitric acid Brownfield as well as maintenance c

₹2,900 crore

of ammonia, urea and weak nitric acid Brownfield as well as maintenance capex amounting to total ~₹2,900 crores is on cards In addition, brownfield capex of Ammonium Nitrate bids is at advanced stage of evalua

36%

er financial performance on the back of operating performance where PBT improved on Q-o-Q basis by 36% and on Y-o-Y quarter basis by 68% whereas for the full year PBT improved by 21%. The improved res

68%

ck of operating performance where PBT improved on Q-o-Q basis by 36% and on Y-o-Y quarter basis by 68% whereas for the full year PBT improved by 21%. The improved results is attributable to improved vo

21%

on Q-o-Q basis by 36% and on Y-o-Y quarter basis by 68% whereas for the full year PBT improved by 21%. The improved results is attributable to improved volumes and realisations apart from lower feed a

₹ 18

r volumes. The Board of Directors at its meeting held on 23rd May 2025 has recommended dividend of ₹ 18/- per share (i.e. 180%) GNFC I Investor Presentation I Q4 FY 24-25 13 of 42 Financial Analysis

12%

Total Revenue 2,177 2,056 2,218 8,393 8,399 Operating EBITDA @ EBITDA % @ * PBT PAT 240 12% 287 210 132 7% 211 158 145 7% 171 127 615 8% 790 585 503 6% 651 485 @ Excludes O

7%

7 2,056 2,218 8,393 8,399 Operating EBITDA @ EBITDA % @ * PBT PAT 240 12% 287 210 132 7% 211 158 145 7% 171 127 615 8% 790 585 503 6% 651 485 @ Excludes Other income. Other

“ Primary Health-care treatment through Mobile Medical Van Project.”

Fertilizers

1

Chemicals

1

General

1

Positive Factors

1

Negative Factors

1

FY Vs FY

1

UNDER EXECUTION

1

UNDER CONSIDERATION

1

Investor relation cell at

1

Fertilizers

• Nutrient Based Subsidy announced for period from 1st April-25 to Sept-25. GoI has favourably considered the long pending revision. • • The energy norms as well as fixed costs revisions are expected by Q-2 FY 25-26 Pipeline inventories are less than historic average of last 5 years

Chemicals

• Bharuch Plant underwent annual turn around since late March, complex is running normal now, TDI-II Dahej has been producing at stable rate • Negotiation process for INEOS JV is on • During Q-4, margin profile improved due to better realizations from chemicals

General

• • • • Board has announced Dividend @ 180% with payout ratio of 45%, Highest ever production of ammonia, urea and weak nitric acid Brownfield as well as maintenance capex amounting to total ~₹2,900 crores is on cards In addition, brownfield capex of Ammonium Nitrate bids is at advanced stage of evaluation Board is in the process of finalizing strategic roadmap for further capex GNFC I Investor Presentation I Q4 FY 24-25 7 of 42 Uniqueness Uniqueness Never lost a single man-day on account of labour discord Absorbed state-of-the art complex technologies from leading technology providers across the globe Only company in India to produce Oil based Ammonia Largest producer of Formic Acid in India. One of the top producers of Aniline, AN Melt, WNA & CNA India’s only manufacturer of Glacial Acetic acid through the cutting-edge Methanol Carbonylation route Only manufacturer of Toluene Di-isocyanate (TDI) in South East Asia & Indian Sub Continent GNFC I Investor Presentation I Q4 FY 24-25 8 of

Positive Factors

• Softening of input costs • Better sales volume • Higher other income • Lower employee benefit expenses

Negative Factors

• Higher Repairs & Maintenance and Finance cost • Annual Maintenance shut-down at Dahej complex GNFC I Investor Presentation I Q4 FY 24-25 14 of 42 Performance Q-4 FY 2024-25 (₹ Crores) Particulars Q4 Q3 Q4 FY FY 24-25 24-25 23-24 24-25 23-24 Operating Revenue 2,055 1,899 2,110 7,892 7,930 Total Revenue 2,177 2,056 2,218 8,393 8,399 Operating EBITDA @ EBITDA % @ * PBT PAT 240 12% 287 210 132 7% 211 158 145 7% 171 127 615 8% 790 585 503 6% 651 485 @ Excludes Other income. Other income = Total Revenue less Operating Revenue * % of operating revenue During FY 24-25, RFO is lower as compared to FY 23-24 mainly due to prolonged maintenance shutdown of TDI - Dahej plant resulting into loss of revenue and volume. Revenue is further affected by sales realisation in most of chemical products. Lower revenue is offset by higher volume in most of the products at Bharuch complex since there was maintenance annual shutdown at Bharuch during FY 23-24 resulting into lower volume in most of the product

FY Vs FY

Fertilizer segment results improved due to decrease in input cost of complex fertilizer, decrease in fixed cost of both the fertilizer products and higher volume in both the fertilizer products partially offset by higher energy norms in Neem Urea due to scheduled maintenance of Gas based power plant. The performance is higher in Chemical segment mainly due to decrease in input cost, fixed cost and higher volume partially offset by annual shutdown at TDI Dahej plant and decrease in realization. GNFC I Investor Presentation I Q4 FY 24-25 17 of 42 Key Financial Ratios Particulars Units FY 24-25 FY 23-24 A Return Ratios Net Profit Ratio RoE RoCE B Turnover base Ratios Inventory turnover ratio Trade Receivables turnover ratio Trade Payables turnover ratio C Liquidity Ratios Current Ratio Net capital turnover ratio D Per Share Ratios EPS Book Value E Market Capitalization # % % % Times Times Times Times Times ₹ / Share ₹ / Share ₹ Crores 7.42 7.03 9.24 6.64 15.05 12.96 4.67 2.07 39.85 575 7,