Deepak Fertilisers and Petrochemicals vs GNFC: Which Stock Should You Track
- August 10, 2026
- Posted by: Neeraj Pandey
- Category: News
Deepak Fertilisers MCap Rs 20,120 Cr, PE 20.43x, ROE 10.77%, D/E 0.83. GNFC MCap Rs 7,905 Cr, PE 9.78x, ROE 8.86%, zero debt, Div 3.90%.
Deepak Fertilisers and Petrochemicals vs GNFC (Gujarat Narmada Valley Fertilisers and Chemicals) is a comparison specialty chemical and fertiliser investors look up when evaluating two listed Indian chemical companies. Deepak Fertilisers is known for its Technical Ammonium Nitrate (TAN) business supplying to mining and construction, alongside its agricultural nutrients business. GNFC is a Gujarat government JV company producing methanol, acetic acid, ammonia, fertilisers and chemicals at its Bharuch plant.
This Deepak Fertilisers and Petrochemicals vs GNFC article covers reach and market position, key products, latest declared results and stock valuation. The Deepak Fertilisers and Petrochemicals vs GNFC data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Deepak Fertilisers and Petrochemicals vs GNFC: Reach and Market Position
On the Deepak Fertilisers and Petrochemicals side of the Deepak Fertilisers and Petrochemicals vs GNFC comparison, Deepak Fertilisers supplies TAN to mining companies (coal, iron ore), bulk fertilisers (IFAs) and specialty chemicals for industrial applications. Market capitalisation is Rs 20,120 Cr.
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On the GNFC side of the Deepak Fertilisers and Petrochemicals vs GNFC comparison, GNFC supplies methanol, acetic acid, ammonia, ammonium nitrate, formic acid and fertilisers from its Bharuch, Gujarat plant. It is a joint venture between the Gujarat government and GSFC. Market capitalisation is Rs 7,905 Cr.
Deepak Fertilisers and Petrochemicals vs GNFC: Key Products and Business Mix
In the Deepak Fertilisers and Petrochemicals vs GNFC product comparison, Deepak Fertilisers and Petrochemicals offers: Deepak Fertilisers earns from TAN (mining explosives grade), nitric acid, methanol and soil health products. EPS is Rs 78.02. P/E is 20.43x, ROE 10.77 percent, D/E 0.83.
For GNFC in this Deepak Fertilisers and Petrochemicals vs GNFC breakdown: GNFC earns from methanol, acetic acid, TDI (toluene diisocyanate), ammonia, fertilisers and specialty chemicals. EPS is Rs 54.99. P/E is 9.78x, ROE 8.86 percent, zero debt. Dividend yield is 3.90 percent.
Deepak Fertilisers and Petrochemicals vs GNFC: Latest Results
The Deepak Fertilisers and Petrochemicals vs GNFC results for Deepak Fertilisers and Petrochemicals: Deepak Fertilisers has a market cap of Rs 20,120 Cr and P/E of 20.43x. ROE is 10.77 percent with moderate D/E of 0.83. Deepak is roughly 2.5 times larger than GNFC by market cap.
The Deepak Fertilisers and Petrochemicals vs GNFC results for GNFC: GNFC has a market cap of Rs 7,905 Cr and P/E of 9.78x. ROE is 8.86 percent with zero debt. GNFC is valued at a very low P/E with a high dividend yield of 3.90 percent, making it attractive for income investors.
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Deepak Fertilisers and Petrochemicals vs GNFC: Stock and Valuation
The Deepak Fertilisers and Petrochemicals vs GNFC stock comparison uses the latest available market data from Groww. Investors tracking Deepak Fertilisers and Petrochemicals vs GNFC should verify current prices on NSE or BSE before trading.
Deepak Fertilisers vs GNFC at current valuations: Deepak trades at Rs 20,120 Cr market cap, P/E 20.43x, ROE 10.77 percent, D/E 0.83. GNFC trades at Rs 7,905 Cr market cap, P/E 9.78x, ROE 8.86 percent, zero debt, Div 3.90 percent. GNFC is far cheaper on P/E and offers a higher dividend yield. Deepak is larger with a higher growth profile in TAN.
Deepak Fertilisers and Petrochemicals vs GNFC: Quick Comparison Table
The Deepak Fertilisers and Petrochemicals vs GNFC comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Deepak Fertilisers and Petrochemicals | GNFC |
|---|---|---|
| Sector | TAN (mining explosives) + bulk fertilisers | Methanol + acetic acid + ammonia + fertilisers |
| Market Cap | Rs 20,120 Cr | Rs 7,905 Cr |
| P/E Ratio | 20.43x | 9.78x |
| ROE | 10.77% | 8.86% |
| Debt to Equity | 0.83 | Zero |
| Dividend Yield | 0.63% | 3.90% |
| Ownership | Private (Deepak Nitrite Group) | Gujarat Govt JV (GSFC + state) |
Conclusion
The Deepak Fertilisers and Petrochemicals vs GNFC comparison above covers the key data points on reach, products, results and valuation. Deepak Fertilisers vs GNFC covers two specialty chemical companies with different product mixes. Deepak Fertilisers has a high-value TAN business tied to mining activity and is expanding capacity. GNFC has a diversified chemical portfolio and zero debt with a strong dividend yield. Both are cyclically sensitive to natural gas and feedstock costs. Investors should review TAN demand from coal and iron ore mining, methanol and acetic acid global prices, and chemical cycle outlook before taking a view. Consult a SEBI-registered advisor for personalised guidance.
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Frequently Asked Questions
What is TAN and who uses it?
Ans. TAN stands for Technical Ammonium Nitrate, used as a mining explosive in coal mines, iron ore mines and quarries. Deepak Fertilisers is India’s largest TAN manufacturer and sells to Coal India and private mining companies.
What does GNFC produce?
Ans. GNFC produces methanol, acetic acid, ammonia, fertilisers, formic acid, weak nitric acid and TDI (toluene diisocyanate for polyurethane foam). Its Bharuch plant is one of India’s larger chemical complexes.
Does GNFC pay high dividends?
Ans. Yes. GNFC pays a dividend yield of approximately 3.90 percent, one of the higher yields in Indian specialty chemicals.
Why does GNFC trade at a lower P/E than Deepak?
Ans. GNFC is a government JV with limited growth ambitions and zero debt, valued primarily as a yield stock. Deepak Fertilisers has higher growth potential from TAN capacity expansion and trades at a higher multiple for that growth.
Is TAN consumption linked to coal production?
Ans. Yes. TAN demand is closely correlated with coal mine production volumes, road and tunnel construction, and quarrying activity. Higher coal output from Coal India drives TAN demand.
Are Deepak Fertilisers and GNFC in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in Nifty Chemicals and Nifty 500 indices.
Does Deepak Fertilisers pay dividends?
Ans. Yes. Deepak Fertilisers pays a dividend yield of approximately 0.63 percent.