G
Gujarat State Financial Corporation
532160 BSE
Gujarat State Financial Corporation
Financial Services BSE: 532160 Finance
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
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
Growth Rate
Revenue Growth
—
Net Income Growth
10% higher than
3Y
Quarterly Results
| 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 % | -1046% | -3736% | -168750% | -5524% | -6558% | -10462% | 3813% | -14056% | -39456% | -72320% | — | -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 in Rs | -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
| 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% | -1001% | -802% | -1049% | -937% | -1149% | -1246% | -1272% | -696% | -829% | -776% | -3092% |
| 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 in Rs | -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
| 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
| 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 |
Documents
1
Announcement under Regulation 30 (LODR)-Change in Directorate
17 Aug - SIDBI nominated Abhay Kumar Jain as director on August 17, 2026; Dinesh Kumar ceased August 16, 2026. 17 Aug - SIDBI nominated Abhay Kumar Jain as director on August 17, 2026; Dinesh Kumar ceased August 16, 2026.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Aug - Pursuant to submission of unaudited financial results for the quarter ended June 30, 2026 vide letter dated August 10, 2026, extract of the said results … 11 Aug - Pursuant to submission of unaudited financial results for the quarter ended June 30, 2026 vide letter dated August 10, 2026, extract of the said results …
3
Board Meeting Outcome for Outcome Of Board Meeting
10 Aug - GSFC approved Q1 FY27 unaudited results on 10 Aug 2026; net loss ₹1,967.66 lakh. 10 Aug - GSFC approved Q1 FY27 unaudited results on 10 Aug 2026; net loss ₹1,967.66 lakh.
4
The Quarter Ended June 30, 2026
10 Aug - Q1 FY27 results: net loss Rs1,967.66 lakh; board discontinued delayed interest from April 1, 2026. 10 Aug - Q1 FY27 results: net loss Rs1,967.66 lakh; board discontinued delayed interest from April 1, 2026.
5
Board Meeting Intimation for Board Meeting Intimation For Considering Unaudited Financial Results For The Quarter Ended June 30, 2026
4 Aug - Board meeting on August 10, 2026 to consider Q1 FY27 unaudited results. 4 Aug - Board meeting on August 10, 2026 to consider Q1 FY27 unaudited results.
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 Finance industry.
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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