BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Retail Research
Gujarat Narmada Valley Fertilizer and Chemicals Ltd. has established market position in fertilisers business (with its fertiliser brand Narmada being well entrenched within the farmer community especially in Gujarat), market leadership in chemicals business for products including Methanol, Acetic acid, Aniline and TDI, diverse chemicals product portfolio with high level of vertical integration across its fertilisers and chemical divisions allowing higher addition and diversification.
GNFC's strength lies in its product diversity and ability to switch among product streams in tune with the market conditions.
Accordingly, even under extreme price volatilities for a particular product segment in chemicals portfolio, GNFC was able to maintain profitable operations over the years.
FY22 was one of the best years for GNFC due to commodity prices going through the roof, even as it was able to contain the rise in raw material costs.
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