Gujarat State Fertilizers & Chemicals
- P/E
- 8.09
Key Fundamentals
MicrocapFertilizers & AgrochemicalsChemicalsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 7.16%
- Debt to Equity
- 0.00
- EPS (TTM)
- ₹17.39
- Book Value
- ₹328.04
- Market Cap
- —
- P/E (TTM)
- 8.09
- P/B
- 0.43
- ROE
- 5.51%
- Dividend Yield
- 3.67%
- EBITDA
- ₹1,067 Cr
- 52W High
- ₹199.33
- 52W Low
- ₹132.25
- Day Range
- ₹135.00 – ₹141.37
- Volume
- 10,86,592
Peer Comparison
Commodities › Chemicals › Fertilizers
| ₹1,837.00 | 29.58 | ₹53,760 Cr | 4.32 | 0.61% | 16.40% | 22.00% | ₹32,602 Cr | ₹1,778 Cr | |
| ₹764.05 | — | ₹48,951 Cr | 36.61 | 0.03% | −2.94% | 4.02% | ₹5,934 Cr | −₹106 Cr | |
| ₹394.15 | 8.19 | ₹15,752 Cr | 1.52 | 1.31% | 20.00% | 25.20% | ₹20,123 Cr | ₹1,928 Cr | |
| ₹137.21 | 12.23 | ₹14,054 Cr | 1.99 | 1.12% | 16.20% | 15.40% | ₹23,447 Cr | ₹1,073 Cr | |
| ₹187.29 | 53.06 | ₹8,452 Cr | 10.11 | 0.27% | 31.30% | 19.30% | ₹1,874 Cr | ₹155 Cr | |
| ₹240.29 | 37.78 | ₹7,305 Cr | 13.25 | 0.22% | 38.20% | 27.20% | ₹2,555 Cr | ₹196 Cr | |
| Gujarat State Fertilizers & Chemicals (this company) | ₹140.74 | 8.09 | ₹5,467 Cr | 0.43 | 3.67% | 5.51% | 7.16% | ₹12,344 Cr | ₹693 Cr |
| Median 7 companies | ₹240.29 | 20.91 | ₹14,054 Cr | 4.32 | 0.61% | 16.40% | 19.30% | ₹12,344 Cr | ₹693 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 33
- Poor
- Returns, margins, earnings quality 22% weight
- Valuation
- 77
- Strong
- Cheap vs sector & own history 24% weight
- Growth
- 84
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 72
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 20
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 45
- 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
Strengths
4- Company is almost debt free.
- Stock is trading at 0.49 times its book value
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 30.5%
Weaknesses
3- The company has delivered a poor sales growth of 7.47% over past five years.
- Company has a low return on equity of 4.95% over last 3 years.
- Earnings include an other income of Rs.277 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 6 | 3 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 45.56
- Neutral
- MACD (12,26,9)
- −4.11
- Bullish
- SMA (50)
- 150.21
- Bearish
- SMA (200)
- 161.72
- 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 | +6.01% |
|---|---|
| 5Y | +7.47% |
| 3Y | −1.26% |
| 1Y | +14.81% |
| TTM | +29.19% |
Net profit
| 10Y | +4.93% |
|---|---|
| 5Y | +8.38% |
| 3Y | −18.99% |
| 1Y | +13.87% |
| TTM | +7.78% |
Operating cash flow
| 10Y | Turned positive |
|---|---|
| 5Y | −40.23% |
| 3Y | −47.20% |
| 1Y | +63.86% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −3.54 pp |
|---|---|
| 5Y | −0.26 pp |
| 3Y | −6.75 pp |
| 1Y | +0.55 pp |
| TTM | −0.75 pp |
Revenue by year
| Mar 2017 | ₹5,265 Cr |
|---|---|
| Mar 2018 | ₹6,266 Cr |
| Mar 2019 | ₹8,491 Cr |
| Mar 2020 | ₹7,798 Cr |
| Mar 2021 | ₹7,634 Cr |
| Mar 2022 | ₹9,085 Cr |
| Mar 2023 | ₹11,369 Cr |
| Mar 2024 | ₹9,155 Cr |
| Mar 2025 | ₹9,534 Cr |
| Mar 2026 | ₹10,946 Cr |
Net profit by year
| Mar 2017 | ₹424 Cr |
|---|---|
| Mar 2018 | ₹474 Cr |
| Mar 2019 | ₹493 Cr |
| Mar 2020 | ₹110 Cr |
| Mar 2021 | ₹450 Cr |
| Mar 2022 | ₹899 Cr |
| Mar 2023 | ₹1,266 Cr |
| Mar 2024 | ₹564 Cr |
| Mar 2025 | ₹591 Cr |
| Mar 2026 | ₹673 Cr |
AI Analysis — Bull vs Bear
Gujarat State Fertilizers & Chemicals Ltd trades at a PE of 9.6x and 0.53x book value with a market cap of Rs.6,429 Cr. The company is virtually debt-free and pays a 3.08% dividend yield, but faces challenges with low ROE of ~5% over 3 years and a 22% stock price decline over the past year.
- Stock trades at 0.53x price-to-book, significantly below its book value, indicating potential deep value
- Company is almost debt-free, providing financial flexibility and low interest burden in a capital-intensive sector
- Dividend yield of 3.08% with a healthy payout ratio of 30.5%, offering consistent income to shareholders
- PE ratio of 9.6x is low relative to broader market multiples, suggesting earnings are available at a discount
- TTM sales growth of 15% shows recent revenue momentum after a flat 3-year CAGR of -1%
- TTM profit growth of 13% indicates improving profitability trajectory in the near term
- 10-year compounded profit growth of 5% and sales growth of 6% demonstrate long-term business sustainability
- 5-year compounded profit growth of 10% outpaces 5-year sales growth of 7%, suggesting some margin expansion over the medium term
- 3-year ROE averages only 5% and last year ROE is 6%, indicating poor capital efficiency for shareholders
- 3-year compounded profit CAGR of -19% shows significant earnings deterioration over the medium term
- Stock price has declined 22% over the past 1 year, reflecting weak market sentiment
- Earnings quality is questionable as other income of Rs.287 Cr forms a material portion of profits
- 5-year sales CAGR of only 7.47% reflects poor top-line growth for a commodities business
- 3-year sales CAGR of -1% indicates stagnant revenue over the medium term
- 10-year stock CAGR of only 8% suggests the stock has been a chronic underperformer over long periods
- 3-year stock CAGR of -1% shows the market has not rewarded shareholders over the medium term despite the low valuation
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
TL;DR: Limited recent news flow for GSFC. The company is divesting most of its stake in subsidiary GPLCL with state government approval, which signals a restructuring of group holdings but has no immediate earnings impact. With only one neutral development reported, there is insufficient information to determine whether the broader trend is improving or deteriorating.
- GPLCL stake dropping to 11% Jun 26
GSFC received Government of Gujarat approval to reduce its stake in subsidiary GPLCL from 60% to 11%, significantly diluting its holding in the entity.
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 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,063 | 3,119 | 2,008 | 1,965 | 2,163 | 2,635 | 2,814 | 1,922 | 2,184 | 3,187 | 2,941 | 2,633 | 3,583 | 4,741 |
| Expenses | 1,921 | 2,881 | 1,900 | 1,939 | 2,053 | 2,352 | 2,656 | 1,842 | 1,992 | 2,851 | 2,763 | 2,550 | 3,350 | 4,601 |
| Operating Profit | 142 | 237 | 108 | 26 | 110 | 284 | 158 | 80 | 193 | 337 | 178 | 83 | 233 | 140 |
| OPM % | 7% | 8% | 5% | 1.3% | 5% | 11% | 6% | 4.2% | 9% | 11% | 6% | 3.2% | 6% | 2.9% |
| Other Income | 51 | 197 | 83 | 54 | 52 | 154 | 60 | 61 | 47 | 143 | 57 | 39 | 37 | 179 |
| Interest | 2 | 2 | 1 | 7 | 2 | 2 | 2 | 4 | 8 | 2 | 1 | 4 | 10 | 15 |
| Depreciation | 45 | 46 | 46 | 47 | 47 | 48 | 49 | 48 | 48 | 51 | 50 | 53 | 54 | 55 |
| PBT | 146 | 387 | 144 | 26 | 113 | 387 | 168 | 89 | 184 | 427 | 183 | 65 | 205 | 249 |
| Tax % | 23% | 20% | 18% | 7% | 22% | 23% | 20% | 19% | 25% | 24% | 14% | 20% | 23% | 20% |
| Net Profit | 112 | 309 | 118 | 24 | 87 | 298 | 134 | 72 | 139 | 324 | 158 | 52 | 159 | 200 |
| EPS (₹) | 2.82 | 7.75 | 2.96 | 0.62 | 2.19 | 7.48 | 3.36 | 1.8 | 3.48 | 8.13 | 3.97 | 1.31 | 3.98 | — |
Sep 2026: from the results filed on 2 Nov 2026, ahead of the full statement, so some rows are blank.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,311 | 6,108 | 5,265 | 6,266 | 8,491 | 7,798 | 7,634 | 9,085 | 11,369 | 9,155 | 9,534 | 10,946 | 12,344 |
| Expenses | 4,719 | 5,451 | 4,775 | 5,701 | 7,742 | 7,477 | 7,063 | 7,764 | 9,781 | 8,641 | 8,898 | 10,155 | 11,514 |
| Operating Profit | 592 | 657 | 489 | 565 | 749 | 321 | 571 | 1,321 | 1,588 | 514 | 636 | 790 | 830 |
| OPM % | 11% | 11% | 9% | 9% | 9% | 4.1% | 7% | 15% | 14% | 6% | 7% | 7% | 7% |
| Other Income | 101 | 65 | 61 | 99 | 107 | 105 | 184 | 183 | 152 | 385 | 323 | 287 | 277 |
| Interest | 18 | 31 | 65 | 51 | 61 | 115 | 43 | 10 | 15 | 11 | 10 | 14 | 17 |
| Depreciation | 101 | 97 | 104 | 119 | 126 | 171 | 177 | 179 | 182 | 183 | 192 | 202 | 208 |
| PBT | 575 | 594 | 382 | 493 | 669 | 141 | 535 | 1,315 | 1,543 | 704 | 756 | 861 | 882 |
| Tax % | 30% | 31% | −11% | 4% | 26% | 22% | 16% | 32% | 18% | 20% | 22% | 22% | — |
| Net Profit | 409 | 416 | 424 | 474 | 493 | 110 | 450 | 899 | 1,266 | 564 | 591 | 673 | 693 |
| EPS (₹) | 10.28 | 10.44 | 10.65 | 11.89 | 12.38 | 2.75 | 11.3 | 22.55 | 31.77 | 14.16 | 14.83 | 16.88 | 17.39 |
| Div. Payout % | 21% | 21% | 21% | 18% | 18% | 44% | 19% | 11% | 31% | 28% | 34% | 30% | — |
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 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 |
| Reserves | 4,426 | 5,465 | 6,539 | 7,224 | 7,241 | 6,782 | 9,160 | 11,693 | 11,960 | 12,647 | 12,059 | 12,187 |
| Borrowings | 744 | 1,288 | 805 | 1,093 | 1,069 | 1,559 | 37 | 6 | 2 | 5 | 2 | 27 |
| Other Liabilities | 1,250 | 1,558 | 1,666 | 1,918 | 2,074 | 1,702 | 1,887 | 2,347 | 1,867 | 2,319 | 2,229 | 2,096 |
| Total Liabilities | 6,500 | 8,390 | 9,091 | 10,315 | 10,464 | 10,123 | 11,164 | 14,125 | 13,909 | 15,051 | 14,369 | 14,390 |
| Fixed Assets | 1,958 | 1,656 | 2,022 | 2,108 | 2,821 | 2,902 | 2,804 | 2,680 | 2,580 | 2,549 | 2,504 | 3,331 |
| CWIP | 261 | 405 | 273 | 763 | 187 | 107 | 117 | 158 | 200 | 236 | 690 | 192 |
| Investments | 898 | 1,740 | 2,530 | 2,790 | 2,376 | 2,087 | 4,331 | 6,314 | 5,329 | 6,015 | 5,055 | 4,610 |
| Other Assets | 3,383 | 4,590 | 4,266 | 4,654 | 5,079 | 5,026 | 3,912 | 4,973 | 5,801 | 6,251 | 6,119 | 6,257 |
| Total Assets | 6,500 | 8,390 | 9,091 | 10,315 | 10,464 | 10,123 | 11,164 | 14,125 | 13,909 | 15,051 | 14,369 | 14,390 |
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 | 260 | −243 | 911 | 358 | 508 | −8 | 1,783 | 237 | 924 | −268 | 83 | 136 |
| Investing | −134 | −173 | −238 | −484 | −281 | −266 | −23 | −18 | −39 | 106 | −172 | −46 |
| Financing | −155 | 412 | −656 | 134 | −242 | 267 | −1,559 | −126 | −114 | −403 | −159 | −184 |
| Net Cash Flow | −30 | −4 | 17 | 7 | −15 | −7 | 201 | 92 | 770 | −566 | −247 | −94 |
| Free Cash Flow | 121 | −462 | 662 | −141 | 209 | −310 | 1,736 | 142 | 782 | −508 | −296 | −172 |
| CFO/OP | 69 | −11 | 200 | 77 | 82 | 16 | 303 | 35 | 88 | −22 | 26 | 34 |
Ratios
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 133 | 197 | 55 | 54 | 35 | 40 | 22 | 15 | 16 | 20 | 21 | 23 |
| Inventory Days | 71 | 56 | 82 | 80 | 106 | 96 | 75 | 95 | 70 | 82 | 89 | 92 |
| Days Payable | 39 | 54 | 70 | 76 | 67 | 30 | 40 | 55 | 34 | 50 | 40 | 34 |
| Cash Conversion Cycle | 164 | 199 | 67 | 58 | 74 | 105 | 57 | 55 | 52 | 52 | 69 | 81 |
| Working Capital Days | 96 | 102 | 129 | 105 | 88 | 96 | 106 | 116 | 92 | 84 | 93 | 154 |
| ROCE % | 12% | 10% | 6% | 7% | 9% | 3% | 6% | 13% | 13% | 6% | 6% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Gujarat State Fertilizers & Chemicals insights
65 extracted metrics across FY12–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT Recording
- Q2 FY26 concall · Nov 2025PPT
- Q2 FY26 concall · Nov 2025Transcript PPT
- 12 Aug 2026
- 1 Oct 2026
- 3 Oct 2025
- 7 Oct 2024
- 9 Oct 2023
- 20 Dec 2022
- General announcements 2 Nov 2026
- General announcements 2 Nov 2026
Frequently Asked Questions about Gujarat State Fertilizers & Chemicals
What does Gujarat State Fertilizers & Chemicals Ltd do?
Where is Gujarat State Fertilizers & Chemicals Ltd (GSFC) listed?
Which sector does Gujarat State Fertilizers & Chemicals Ltd belong to?
What is the PE ratio of Gujarat State Fertilizers & Chemicals Ltd?
What is the 52-week high and low of Gujarat State Fertilizers & Chemicals Ltd?
Does Gujarat State Fertilizers & Chemicals Ltd pay dividends?
What is the Return on Equity (ROE) of Gujarat State Fertilizers & Chemicals Ltd?
Company Information
Incorporated in 1962, Gujarat State Fertilizers & Chemicals Ltd is a public sector company promoted by the Government of Gujarat. It is engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres
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