āagman

Not investment advice. Data and computed figures, for information only.

Gujarat State Fertilizers & Chemicals Ltd

NSE: GSFC
₹148.86
+₹2.26 (+1.54%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹5,869 Cr
CMP
₹148.86
52-wk High / Low
₹199 / 139
P/E
8.5
P/B
0.5
Book Value
₹308.0
Div Yield
3.39%
ROCE
7.0%
ROE
5.5%
Face Value
₹2
D/E
0.00

Price−22.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹342
√(22.5 × EPS × book value per share)
ROIC
3.7%
vs 7.5% sector median
Cash flow to profit
0.20
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−233
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
3.9%
ROE × earnings retention ratio
ROE stability
2.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.01DII +0.02
Latest quarter vs the previous one
Cash-accrual divergence
3.7%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 97.9% since FY2016 (1288 to 27)
+PE of 8.5x is below the sector median of 36.2x
Watch-outs
−Latest ROCE of 7% trails the sector median of 12%
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,0633,1192,0081,9652,1632,6352,8141,9222,1843,1872,9412,6333,583
Expenses1,9212,8811,9001,9392,0532,3522,6561,8421,9922,8512,7632,5503,350
Operating Profit142237108261102841588019333717883233
OPM %6.9%7.6%5.4%1.3%5.1%10.8%5.6%4.2%8.8%10.6%6.1%3.2%6.5%
Other Income51197835452154606147144573937
Interest22172224821410
Depreciation45464647474849484851505354
Profit before tax146387144261133871688918442818365205
Net Profit11230911824872981347213932415852159
EPS (₹)2.827.752.960.622.197.483.361.803.488.133.971.313.98

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,3116,1085,2656,2668,4917,7987,6349,08511,3699,1559,53410,94612,344
Expenses4,7195,4514,7755,7017,7427,4777,0637,7649,7818,6418,89810,15511,514
Operating Profit5926574895657493215711,3211,588514636790830
OPM %11.1%10.8%9.3%9.0%8.8%4.1%7.5%14.5%14.0%5.6%6.7%7.2%6.7%
Other Income101656199107105184183152385323287277
Interest183165516111543101511101417
Depreciation10197104119126171177179182183192202208
Profit before tax5755943824936691415351,3151,543704756861882
Net Profit4094164244744931104508991,266564591673693
EPS (₹)10.2810.4410.6511.8912.382.7511.3022.5531.7714.1614.8316.8817.39

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital808080808080808080808080—
Reserves4,4265,4656,5397,2247,2416,7829,16011,69311,96012,64712,05912,187—
Borrowings7441,2888051,0931,0691,55937625227—
Other Liabilities1,2501,5581,6661,9182,0741,7021,8872,3471,8672,3192,2292,096—
Total Liabilities6,5008,3909,09110,31510,46410,12311,16414,12513,90915,05114,36914,390—
Fixed Assets1,9581,6562,0222,1082,8212,9022,8042,6802,5802,5492,5043,331—
CWIP261405273763187107117158200236690192—
Investments8981,7402,5302,7902,3762,0874,3316,3145,3296,0155,0554,610—
Other Assets3,3834,5904,2664,6545,0795,0263,9124,9735,8016,2516,1196,257—
Total Assets6,5008,3909,09110,31510,46410,12311,16414,12513,90915,05114,36914,390—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity260−243911358508−81,783237924−26883136
Cash from Investing Activity−134−173−238−484−281−266−23−18−39106−172−46
Cash from Financing Activity−155412−656134−242267−1,559−126−114−403−159−184
Net Cash Flow−30−4177−15−720192770−566−247−94

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.010.06.07.09.03.06.013.013.06.06.07.0
ROE %———————————5.5
EPS (₹)10.2810.4410.6511.8912.382.7511.3022.5531.7714.1614.8316.88
Book Value (₹)———————————308.0
Face Value (₹)———————————2
P/E———————————8.5
Div Yield %———————————3.39
NPM %7.66.78.07.45.71.45.89.711.05.96.06.0
OPM %11.011.09.09.09.04.17.015.014.06.07.07.0
D/E0.170.230.120.150.150.230.000.000.000.000.000.00
P/B———————————0.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+6.0%
5 years+7.0%
3 years−1.0%
TTM+29.0%
Compounded profit growth
10 years+5.0%
5 years+10.0%
3 years−19.0%
TTM+8.0%
Stock price CAGR
10 years+5.0%
5 years+2.0%
3 years−6.0%
Last year−24.0%
Return on equity
10 years6.0%
5 years7.0%
3 years5.0%
Last year6.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters37.84%37.84%37.84%37.84%37.84%37.84%37.84%37.84%37.84%37.84%37.84%37.84%
FIIs17.45%17.45%16.07%18.85%19.64%18.49%23.79%21.36%14.12%11.83%12.35%12.36%
DIIs14.21%14.21%16.70%14.78%12.94%9.60%6.80%2.14%4.55%7.48%7.30%7.32%
Government0.00%0.00%0.38%0.00%0.00%0.00%0.00%5.65%5.65%5.65%5.65%5.65%
Public30.50%30.50%29.00%28.52%29.58%34.07%31.57%33.01%37.84%37.21%36.83%36.82%
No. of shareholders1,07,7411,07,7411,25,4711,30,6231,29,9021,38,0201,47,2631,87,5703,20,4853,28,8573,03,8302,98,987
Change since Jun 2023 (pp)
Promoters +0.00FIIs −5.09DIIs −6.89Public +6.32

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Credit RatingClosure of Trading WindowCancellation of Board MeetingClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025PPT

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 5 Per Share—
8 Sep 2025DIVIDENDDividend - Rs 5 Per Share—
9 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
7 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 10 Per Share—
9 Sep 2022DIVIDENDAnnual General Meeting/Dividend - Rs 2.50 Per Share—
8 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 2.20 Per Share—
14 Sep 2020DIVIDEND Dividend - Rs 1.20 Per Share—
9 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 2.20 Per Share—
11 Sep 2018DIVIDEND Dividend Rs 2.2 Per Share—
31 Aug 2017DIVIDEND Annual General Meeting/Dividend - Rs 2.20 Per Share—
1 Sep 2016DIVIDEND Dividend - Rs 2.20/- Per Share—
31 Aug 2015DIVIDEND Annual General Meeting/ Dividend - Rs 2.20/- Per Share—
24 Jul 2014DIVIDENDAnnual General Meeting/Dividend - Rs.2/- Per Share—
18 Jul 2013DIVIDENDAnnual General Meeting And Dividend Rs.2/- Per Share—
20 Sep 2012SPLITFace Value Split From Rs 10 To Rs 210 : 2
19 Jul 2012DIVIDENDAnnual General Meeting And Dividend Rs.7.50 Per Share—
30 Aug 2011DIVIDENDDividend-Rs.7/- Per Share—
8 Sep 2010DIVIDENDAnnual General Meeting And Dividend Rs.4.50 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman