Gujarat Narmada Valley Fertilizers and Chemicals Limited

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r BSE Limited Corporate Relationship Dept., 1st Floor, New Trading Ring, Rotunda Bldg., PJ Towers, Dalal Street, Fort, Mumbai - 400 001 Scrip Code: "500670" The Manager Listing Department Natio

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

210%

and technical grade urea in view of shortages Capital allocation: Board has announced Dividend @ 210% with payout ratio of 39% Brownfield capex of Weak Nitric Acid, Ammonium Nitrate and Ammonia expans

39%

in view of shortages Capital allocation: Board has announced Dividend @ 210% with payout ratio of 39% Brownfield capex of Weak Nitric Acid, Ammonium Nitrate and Ammonia expansion is by and large on tr

₹2100 crore

x of Weak Nitric Acid, Ammonium Nitrate and Ammonia expansion is by and large on track totaling to ~₹2100 crores • Maintenance capex of ~₹700 crores comprising of CFBC Boiler, EHV Line, others – all at Bharuch

₹700 crore

e and Ammonia expansion is by and large on track totaling to ~₹2100 crores • Maintenance capex of ~₹700 crores comprising of CFBC Boiler, EHV Line, others – all at Bharuch are under various stages of progress

Rs. 21

ng pursued with the Government at industry level. The Board has recommended dividend 210% which is Rs. 21 Per Share. GNFC I Investor Presentation I Q4 FY 25-26 13 of 42 Financial Analysis of FY 25-26 Vs.

rs 8,000

23 665 (180) FY 25-26 FY 24-25 Fertilizers Chemicals Others Fertilizers Chemicals Others 8,000 6,000 4,000 2,000 - FY Vs FY: On Y-o-Y FY, Fertilizer Segment loss increased mainly due to h

rs 31

period end. GNFC I Investor Presentation I Q4 FY 25-26 18 of 42 Balance Sheet Summary Particulars 31-03-2026 31-03-2025 (₹ Crores) Net Fixed Assets * CWIP Investments Cash & Bank balance/deposit

46.87%

ts of Associate Company i.e. “Gujarat Green Revolution Company Limited (GGRC)” with shareholding of 46.87%. The reconciliation is provided herein below : (₹ Crores) P&L Standalone PAT - Share in profit

₹ 1.25 Crore

11,359 11,225 134 11,359 10,880 123 11,003 10,880 123 11,003 * Investment in GGRC at cost : ₹ 1.25 Crores (shown under Trade investments) GNFC I Investor Presentation I Q4 FY 25-26 21 of 42 03 Feedstoc

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

Fertilizers

1

Chemicals

1

Capital allocation

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-26 to Sept-26. This will have some respite from spiking feed and fuel prices • • • • • • • The energy norms as well as fixed costs revisions are yet to be announced by GoI. Effective date will decide about respite for FY 25-26 Availability of feedstock had been an issue for some time in March-26 due to war situation

Chemicals

Spike in chemical prices has led to better realization due to geo political situation which improved the margin profile In place of earlier discussion with INEOS about JV, company is trying licensing route Company served the industry need, both, for ammonium nitrate and technical grade urea in view of shortages

Capital allocation

Board has announced Dividend @ 210% with payout ratio of 39% Brownfield capex of Weak Nitric Acid, Ammonium Nitrate and Ammonia expansion is by and large on track totaling to ~₹2100 crores • Maintenance capex of ~₹700 crores comprising of CFBC Boiler, EHV Line, others – all at Bharuch are under various stages of progress • • Dahej power and steam plant expected to commence operations by Q-2 FY 26-27 Efforts are on for exploring and capturing value accretive capex GNFC I Investor Presentation I Q4 FY 25-26 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

Negative Factors

• Higher Repairs & Maintenance • Annual Maintenance shut-down at Bharuch complex GNFC I Investor Presentation I Q4 FY 25-26 14 of 42 Performance Q-4 FY 2025-26 Particulars FY 25-26 FY 24-25 Q4 Q3 Q4 (₹ Crores) 25-26 24-25 FY FY Operating Revenue 2,208 1,996 2,055 7,773 7,892 During the quarter ended March 26, total income increased compared to quarters ended December 2025 & March 2025, driven by improved realisation across the majority of the products. FY 25-26 Total income is lower as compared to FY 24-25 mainly due to maintenance shutdown at Bharuch by - Dahej maintenance shutdown of TDI plant. partially plants offset Total Revenue 2,333 2,093 2,177 8,272 8,393 PBT PAT 526 204 287 1,065 790 392 150 210 797 585 During the quarter ended March 26, the PBT improved as compared to quarters ended December 2025 & March 2025 primarily due to better realisation & lower input cost. FY 25-26 PBT improved as compared to FY 24-25 mainly due to lower input cost. GNFC I Investor Presentation I Q4 F

FY Vs FY

On Y-o-Y FY, Fertilizer Segment loss increased mainly due to higher energy norms & fixed cost. Chemical Segment improved mainly due to decrease in input cost. Other Segment result improved mainly due to increase in IT division revenue & reduction in fixed cost. GNFC I Investor Presentation I Q4 FY 25-26 17 of 42 Key Financial Ratios Particulars Units FY 25-26 FY 24-25 A Return / Profitability Ratios Net Profit RoE RoCE B Turnover Base Ratio Inventory turnover Trade Receivables turnover Trade Payables turnover C Liquidity Ratios Current Net capital turnover D Per Share Ratios EPS Book value per share E Market Capitalization # % % % Times Times Times Times Times ₹ / share ₹ / share ₹ Crores 10.26 9.15 11.65 6.83 14.62 12.99 5.91 1.67 54.27 611 5,385 7.42 7.03 9.24 6.64 15.05 12.96 4.67 2.07 39.85 575 7,295 # Market capitalization is calculated at NSE closing rates as at respective period end. GNFC I Investor Presentation I Q4 FY 25-26 18 of 42 Balance Sheet Summary Particulars 31-03-2026

UNDER EXECUTION

1. Coal Based Steam & Power Plant (CCPP) – Dahej 2. Ammonia Expansion – Bharuch 3. Weak Nitric Acid –III – Bharuch 4. Ammonium Nitrate –II – Bharuch 150 MT/Hr Steam & 18 MW Power 50 KTPA 200 KTPA 163 KTPA 5. New CFBC Steam Boiler – Bharuch 180 ~ 200 MT/HR