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livemint.com / 1 month ago
livemint.com / 1 month ago
Three beaten-down fertilizer stocks to watch amid the Iran conflict
Fertilizers are vital to India’s economy as they underpin the agricultural sector, which financially supports nearly half the population. Companies from the sector ensure food security by providing essential nutrients for crop yields.Fertilizer stocks are currently in the spotlight because the escalating West Asia conflict has triggered a massive supply shock, driving global prices to three-year highs and forcing a strategic shift in India's domestic production.Here are three beaten-down stocks from the fertilizer space that investors can watch.
Please note this is not a stock recommendation.Gujarat Narmada Valley Fertilizers & Chemicals is a joint sector enterprise promoted by the Government of Gujarat and the Gujarat State Fertilizers & Chemicals. The company specialises in fertilizers, chemicals, petrochemicals, formic acid, acetic acid, methanol etc.The stock has dropped to around ₹386.75, down nearly 33% from its 52-week high of ₹573.75, and now trades at a price-to-earnings ratio of just 9.2 and price-to-book of 0.7.
The drop is largely due to general market conditions, since the company has been performing well. In Q3 FY26, Gujarat Narmada Valley reported net sales of ₹1,996 crore vs ₹1,899 crore year-on-year.
Net profit was slightly lower at ₹150 crore vs ₹158 crore a year earlier.Looking ahead, the board has cleared the long-awaited ammonium nitrate II project.The company is also considering investing more in bisphenol A and polyol, which are building blocks of propylene and ethylene. The project will involve merchant sales of captive products apart from the sale of the final products on the market.Future prospects of Gujarat Narmada Valley Fertilizers & Chemicals are currently shaped by a major strategic pivot
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