Sharescart Research Club logo

GSFC Overview

Gujarat State Fertilizers and Chemicals Ltd is an India-based company which is in to the manufacturing of fertilizers. The Company has fertilizer products consisting of urea, ammonium sulfate, ammonium diphosphate, ammonium sulfate, nitrogen phosphorus and patadium (NPK), and traded fertilizer products. The employer's industrial products comprises caprolactam, nylon 6, nylon filaments, nylon chips, melanin, polymer products and traded commercial products. The Company additionally has a soil and water high-quality laboratory that offers soil tes...Read More

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

GSFC Key Financials

Market Cap ₹6936 Cr.

Stock P/E 11.7

P/B 0.5

Current Price ₹174.1

Book Value ₹ 316.8

Face Value 2

52W High ₹220.8

Dividend Yield 2.87%

52W Low ₹ 138.8

GSFC Share Price

₹ | |

Volume
Price

GSFC Quarterly Price

Show Value Show %

GSFC Peer Comparison

GSFC Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 3119 2008 1965 2163 2635 2814 1922 2184 3187 2941
Other Income 195 81 52 50 152 56 57 42 143 56
Total Income 3313 2089 2017 2212 2788 2870 1979 2226 3330 2997
Total Expenditure 2881 1900 1939 2053 2352 2656 1842 1992 2851 2763
Operating Profit 432 189 78 160 436 214 137 235 480 234
Interest 2 1 7 2 2 2 4 8 2 1
Depreciation 46 46 47 47 48 49 48 48 51 50
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 385 142 24 111 386 163 84 179 427 182
Provision for Tax 78 26 2 25 89 34 17 46 104 25
Profit After Tax 306 116 23 85 297 129 68 134 323 157
Adjustments 2 2 2 2 1 4 4 5 1 1
Profit After Adjustments 309 118 25 87 298 134 72 139 324 158
Adjusted Earnings Per Share 7.8 3 0.6 2.2 7.5 3.4 1.8 3.5 8.1 4

GSFC Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 5325 6108 5265 6266 8491 7798 7634 9085 11369 9155 9534 10234
Other Income 101 65 56 99 108 107 183 181 149 377 315 298
Total Income 5426 6173 5321 6365 8598 7904 7817 9266 11518 9532 9849 10532
Total Expenditure 4732 5451 4775 5701 7742 7481 7063 7764 9781 8641 8902 9448
Operating Profit 693 722 545 664 856 424 754 1502 1737 890 947 1086
Interest 18 31 65 51 61 115 43 10 15 11 10 15
Depreciation 101 97 104 119 126 171 177 179 182 183 192 197
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 575 594 382 493 669 141 535 1315 1543 704 756 872
Provision for Tax 174 185 -42 19 176 31 85 417 277 140 165 192
Profit After Tax 401 408 424 474 493 110 450 899 1266 564 591 682
Adjustments 9 8 0 0 0 -0 0 0 -0 0 -0 11
Profit After Adjustments 409 416 424 474 493 110 450 899 1266 564 591 693
Adjusted Earnings Per Share 10.3 10.4 10.7 11.9 12.4 2.8 11.3 22.6 31.8 14.2 14.8 17.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 2% 4% 6%
Operating Profit CAGR 6% -14% 17% 3%
PAT CAGR 5% -13% 40% 4%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -10% 11% 15% 9%
ROE Average 5% 7% 7% 7%
ROCE Average 6% 8% 9% 8%

GSFC Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4505 5545 6619 7303 7321 6861 9240 11772 12040 12727 12138
Minority's Interest 0 0 0 1 1 1 2 2 2 1 11
Borrowings 192 106 52 200 147 93 0 0 0 0 0
Other Non-Current Liabilities 451 562 583 532 508 750 893 1004 787 1019 918
Total Current Liabilities 1352 2178 1837 2278 2487 2364 1030 1347 1081 1304 1302
Total Liabilities 6500 8390 9091 10315 10464 10070 11164 14125 13909 15051 14369
Fixed Assets 1958 1656 2022 2108 2821 2902 2804 2680 2580 2549 2504
Other Non-Current Assets 1437 2698 3316 4059 3040 2699 4859 6872 5957 6801 6215
Total Current Assets 3105 4034 3749 4141 4596 4462 3496 4572 5373 5701 5650
Total Assets 6500 8390 9091 10315 10464 10070 11164 14125 13909 15051 14369

GSFC Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 388 35 31 48 55 41 34 235 327 1098 532
Cash Flow from Operating Activities 260 -243 911 358 508 -8 1783 237 924 -268 83
Cash Flow from Investing Activities -134 -173 -238 -484 -281 -266 -23 -18 -39 106 -172
Cash Flow from Financing Activities -155 412 -656 134 -242 267 -1559 -126 -114 -403 -159
Net Cash Inflow / Outflow -30 -4 17 7 -15 -7 201 92 770 -566 -247
Closing Cash & Cash Equivalent 358 31 48 55 41 34 235 327 1098 532 285

GSFC Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.28 10.44 10.65 11.89 12.38 2.75 11.3 22.55 31.77 14.16 14.83
CEPS(Rs) 12.59 12.69 13.25 14.89 15.54 7.04 15.74 27.04 36.34 18.75 19.65
DPS(Rs) 2.2 2.2 2.2 2.2 2.2 1.2 2.2 2.5 10 4 5
Book NAV/Share(Rs) 113.06 139.15 166.11 183.28 183.72 172.19 231.89 295.43 302.15 319.39 304.62
Core EBITDA Margin(%) 10.62 10.39 8.93 8.96 8.82 4.07 7.48 14.54 13.97 5.61 6.63
EBIT Margin(%) 10.63 9.88 8.16 8.63 8.6 3.28 7.57 14.58 13.7 7.81 8.04
Pre Tax Margin(%) 10.31 9.38 6.97 7.82 7.88 1.81 7.01 14.48 13.57 7.69 7.93
PAT Margin (%) 7.19 6.46 7.75 7.51 5.81 1.41 5.9 9.89 11.14 6.16 6.2
Cash Profit Margin (%) 9 8 9.64 9.41 7.29 3.6 8.22 11.86 12.74 8.16 8.21
ROA(%) 6.13 5.49 4.86 4.88 4.75 1.07 4.24 7.11 9.03 3.89 4.02
ROE(%) 9.19 8.13 6.98 6.8 6.74 1.55 5.59 8.55 10.63 4.55 4.75
ROCE(%) 11.55 10.34 6.27 6.88 8.7 3.04 6.53 12.59 13.08 5.77 6.16
Receivable days 128.11 150.58 136.27 50.22 37.54 38.88 31.51 16.76 13.86 20.08 20.04
Inventory Days 43.45 35.2 43.01 45.67 54.34 70.89 56.66 47.97 43.59 52.4 53.29
Payable days 52.38 44.03 67.9 66.05 60.02 51.3 36.12 45.52 37.88 45.11 44.13
PER(x) 8.1 6.19 12.27 9.61 8.42 13.31 7.2 7.18 3.75 13.82 11.95
Price/Book(x) 0.74 0.46 0.79 0.62 0.57 0.21 0.35 0.55 0.39 0.61 0.58
Dividend Yield(%) 2.64 3.41 1.68 1.92 2.11 3.28 2.71 1.54 8.4 2.04 2.82
EV/Net Sales(x) 0.7 0.63 1.13 0.89 0.61 0.38 0.4 0.67 0.29 0.6 0.54
EV/Core EBITDA(x) 5.34 5.29 10.92 8.4 6.02 7.01 4.01 4.08 1.9 6.17 5.45
Net Sales Growth(%) -1.62 14.72 -13.81 19.02 35.51 -8.16 -2.1 19 25.14 -19.48 4.14
EBIT Growth(%) 9.49 5.41 -28.48 21.79 34.12 -64.97 126.01 129.26 17.56 -54.1 7.18
PAT Growth(%) 16.95 1.86 3.94 11.6 4.1 -77.77 310.52 99.64 40.88 -55.46 4.85
EPS Growth(%) 17.19 1.58 2.04 11.62 4.09 -77.78 310.76 99.63 40.87 -55.44 4.79
Debt/Equity(x) 0.17 0.23 0.12 0.15 0.15 0.23 0 0 0 0 0
Current Ratio(x) 2.3 1.85 2.04 1.82 1.85 1.89 3.4 3.39 4.97 4.37 4.34
Quick Ratio(x) 1.83 1.58 1.66 1.43 1.18 1.31 2.43 2.36 3.75 3.37 3.2
Interest Cover(x) 32.92 19.95 6.88 10.6 11.96 2.23 13.44 135.59 103.67 63.87 75.97
Total Debt/Mcap(x) 0.22 0.5 0.15 0.24 0.26 1.07 0.01 0 0 0 0

GSFC Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 37.84 37.84 37.84 37.84 37.84 37.84 37.84 37.84 37.84 37.84
FII 19.81 14.12 13.31 12.59 11.81 11.83 11.65 12.29 11.91 12.35
DII 9.3 10.2 10.54 11.52 11.69 13.11 12.98 13.45 12.92 12.95
Public 33.04 37.84 38.3 38.05 38.65 37.22 37.53 36.41 37.33 36.85
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

GSFC News

GSFC Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has delivered good profit growth of 39% CAGR over last 5 years
  • Debtor days have improved from 45.11 to 44.13days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 37.84%.
  • Company has a low return on equity of 7% over the last 3 years.
whatsapp