Gujarat State Financial Corporation
Financial Services
532160 BSE
₹8.37
Close ·
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹8.37 −4.40 −34.5% 1Y
Start ₹12.77
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures at the close · EPS basis: Standalone · TTM
- Debt to Equity
- Not meaningful: shareholders’ equity is negative
- EPS (TTM)
- −₹13.01
- Book Value
- −₹362.76
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- Not meaningful: book value is negative
- ROE
- Not meaningful: shareholders’ equity is negative
- Dividend Yield
- 0.00%
- 52W High
- ₹13.86
- 52W Low
- ₹7.60
- ROCE
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
- EBITDA
- Not meaningful for a lender: the ratio describes an industrial company’s balance sheet
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
33 Poor
Data confidence 85/100
Category scores
- Quality
- 37
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 28
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 7
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 27
- Poor
- Solvency, leverage, coverage 9% weight
- Momentum
- 22
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
No strengths listed
Weaknesses
3- Company has low interest coverage ratio.
- Earnings include an other income of Rs.11.8 Cr.
- Company's cost of borrowing seems high
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 11 | 5 | 3 |
| Oscillators | Bullish | 1 | 5 | 3 |
| Moving Averages | Strong Bearish | 10 | 0 | 0 |
Oscillators
Bullish
Bearish
1
Neutral
5
Bullish
3
Overall
Strong Bearish
Bearish
11
Neutral
5
Bullish
3
Moving Averages
Strong Bearish
Bearish
10
Neutral
0
Bullish
0
Key readings
- RSI (14)
- 44.00
- Neutral
- MACD (12,26,9)
- −0.28
- Bullish
- SMA (50)
- 9.30
- Bearish
- SMA (200)
- 10.44
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | −7.26% |
|---|---|
| 5Y | +7.78% |
| 3Y | +16.96% |
| 1Y | +6.67% |
| TTM | Turned positive |
Net profit
| 10Y | Loss widened by ₹22 Cr |
|---|---|
| 5Y | Loss widened by ₹4 Cr |
| 3Y | Loss widened by ₹2 Cr |
| 1Y | Loss widened by ₹2 Cr |
| TTM | Loss narrowed by ₹9 Cr |
Operating cash flow
Not meaningful
A bank's or NBFC's operating cash flow moves with deposits and loans, so its growth says little about the business.
Revenue by year
| Mar 2017 | ₹12.00 Cr |
|---|---|
| Mar 2018 | ₹15.00 Cr |
| Mar 2019 | ₹12.00 Cr |
| Mar 2020 | ₹13.00 Cr |
| Mar 2021 | ₹11.00 Cr |
| Mar 2022 | ₹10.00 Cr |
| Mar 2023 | ₹10.00 Cr |
| Mar 2024 | ₹18.00 Cr |
| Mar 2025 | ₹15.00 Cr |
| Mar 2026 | ₹16.00 Cr |
Net profit by year
| Mar 2017 | −₹117 Cr |
|---|---|
| Mar 2018 | −₹116 Cr |
| Mar 2019 | −₹115 Cr |
| Mar 2020 | −₹117 Cr |
| Mar 2021 | −₹123 Cr |
| Mar 2022 | −₹128 Cr |
| Mar 2023 | −₹125 Cr |
| Mar 2024 | −₹119 Cr |
| Mar 2025 | −₹125 Cr |
| Mar 2026 | −₹127 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 1 | 0 | 1 | 1 | 0 | −1 | 0 | 0 | 0 | 0 | 4 | 0 |
| Expenses | 1 | 3 | −1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Financing Profit | −32 | −36 | −34 | −34 | −35 | −36 | −37 | −35 | −36 | −36 | −36 | −32 | −24 |
| Fin. Margin % | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | — | −776% | — |
| Other Income | 3 | 5 | 3 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | −1 | 4 |
| Interest | 34 | 35 | 35 | 34 | 35 | 35 | 35 | 35 | 35 | 36 | 36 | 35 | 23 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −28 | −31 | −30 | −30 | −31 | −31 | −32 | −31 | −31 | −32 | −32 | −32 | −20 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | −28 | −31 | −30 | −30 | −31 | −31 | −32 | −31 | −31 | −32 | −32 | −32 | −20 |
| EPS (₹) | −3.18 | −3.47 | −3.41 | −3.32 | −3.5 | −3.53 | −3.55 | −3.48 | −3.48 | −3.59 | −3.58 | −3.63 | −2.21 |
| Gross NPA % | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | — | 100% |
| Net NPA % | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | — | 100% |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 34 | 12 | 15 | 12 | 13 | 11 | 10 | 10 | 18 | 15 | 16 | 4 |
| Expenses | 45 | 19 | 11 | 7 | 8 | 6 | 5 | 5 | 4 | 3 | 3 | 2 | 2 |
| Financing Profit | −134 | −106 | −122 | −118 | −124 | −123 | −126 | −128 | −129 | −123 | −127 | −127 | −128 |
| Fin. Margin % | −465% | −309% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −802% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −937% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −696% | −829% | −776% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. |
| Other Income | 40 | 1 | 6 | 3 | 10 | 6 | 3 | 1 | 4 | 4 | 2 | 0 | 12 |
| Interest | 118 | 121 | 124 | 126 | 128 | 130 | 132 | 134 | 136 | 137 | 139 | 141 | 129 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | −95 | −105 | −117 | −116 | −115 | −117 | −123 | −128 | −125 | −119 | −125 | −127 | −116 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | −95 | −105 | −117 | −116 | −115 | −117 | −123 | −128 | −125 | −119 | −125 | −127 | −116 |
| EPS (₹) | −10.64 | −11.78 | −13.15 | −12.96 | −12.89 | −13.18 | −13.79 | −14.34 | −14.04 | −13.38 | −14.07 | −14.28 | −13.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 |
| Reserves | −1,961 | −2,066 | −2,184 | −2,299 | −2,414 | −2,531 | −2,654 | −2,782 | −2,907 | −3,029 | −3,154 | −3,282 |
| Borrowing | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 |
| Other Liabilities | 1,314 | 1,434 | 1,558 | 1,683 | 1,812 | 1,941 | 2,073 | 2,207 | 2,342 | 2,479 | 2,619 | 2,760 |
| Total Liabilities | 108 | 123 | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 206 | 220 | 234 |
| Fixed Assets | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| CWIP | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 2 | 2 | 126 | 141 | 153 | 163 | 170 | 179 | 194 | 206 | 221 |
| Other Assets | 101 | 116 | 123 | 10 | 8 | 9 | 8 | 7 | 9 | 10 | 12 | 11 |
| Total Assets | 108 | 123 | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 206 | 220 | 234 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −2 | 1 | −2 | 3 | 5 | 2 | −1 | −14 | −8 | −12 | −14 | −17 |
| Investing | 25 | 11 | 9 | −2 | −7 | −2 | 1 | 9 | 9 | 11 | 14 | 16 |
| Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 23 | 12 | 7 | 1 | −2 | 0 | 0 | −4 | 1 | −1 | 1 | −1 |
| Free Cash Flow | 1 | 1 | −2 | 3 | 5 | 2 | −1 | −14 | −8 | −12 | −14 | −17 |
| CFO/OP | 12 | 7 | −141 | 38 | 123 | 26 | −21 | −258 | −125 | −79 | −111 | −122 |
Not shown: Ratios. Not this company's figures: left behind by an earlier update and not confirmed by the latest one.
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Gujarat State Financial Corporation insights
22 extracted metrics across FY15–FY27.
Documents
- 10 Aug 2026
- General announcements 5 Oct 2026
Frequently Asked Questions about Gujarat State Financial Corporation
What does Gujarat State Financial Corporation do?
Incorporated in 1960, Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.
Where is Gujarat State Financial Corporation (GUJSTATFIN) listed?
Gujarat State Financial Corporation trades under code 532160 on the BSE.
Which sector does Gujarat State Financial Corporation belong to?
Gujarat State Financial Corporation is classified under the Financial Services sector, in the Financial Institution industry.
What is the 52-week high and low of Gujarat State Financial Corporation?
Over the last 52 weeks Gujarat State Financial Corporation has traded between ₹7.6 and ₹13.86 as of 4 Nov 2026.
Company Information
Incorporated in 1960, Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.
Website gsfc.gujarat.gov.in
Face Value ₹10
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