The purpose of the study is to know the trend of profitability of the selected fertilizer companies and to see how efficiently the operations of the business are carried out. In this study, four companies i.e. Gujarat Narmada Valley Fertilizers and Chemicals Ltd., Gujarat State Fertilizers and Chemicals Ltd., Indian Farmers Fertilizer Cooperative Limited and Krishak Bharati Cooperative Limited are selected. The primary objective of the study is to measure the trend if any in the performance of selected fertilizer companies in terms of Profitability. In this study trend analysis is conducted for Profitability ratios of selected fertilizer companies in Gujarat for the period of 2010-11 to 2019-20. In these Profitability ratios include Gross Profit Ratio, Net Profit Ratio, Return on Assets Ratio, Return on Equity Ratio, Return on Capital Employed Ratio, Dividend per Share, Earnings per Share and Dividend Payout Ratio. From the analysis we conclude that, overall there is a significant difference in trend of Profitability ratios of selected fertilizer companies in Gujarat Overall the performance of GNFC is better among all selected fertilizer companies.

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Keywords: Profitability, Fertilizer Companies, Trend Analysis.