Gujarat State Financial Corporation
Incorporated in 1960, Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.
- Market Cap ₹ 235 Cr.
- Current Price ₹ 26.4
- High / Low ₹ 40.0 / 5.90
- Stock P/E
- Book Value ₹ -322
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -7.20% over past five years.
- Earnings include an other income of Rs.16.0 Cr.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance - Term-Lending Institutions
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 28 | 30 | 25 | 29 | 34 | 12 | 15 | 12 | 13 | 11 | 10 | 10 | 4 |
Interest | 220 | 146 | 115 | 118 | 121 | 124 | 126 | 128 | 130 | 132 | 134 | 136 | 137 |
45 | 32 | 19 | 45 | 19 | 11 | 7 | 8 | 6 | 5 | 5 | 4 | 3 | |
Financing Profit | -237 | -148 | -110 | -134 | -106 | -122 | -118 | -124 | -123 | -126 | -128 | -129 | -136 |
Financing Margin % | -836% | -497% | -441% | -465% | -309% | -1,001% | -802% | -1,049% | -937% | -1,149% | -1,246% | -1,272% | -3,342% |
28 | 35 | -3 | 40 | 1 | 6 | 3 | 10 | 6 | 3 | 1 | 4 | 16 | |
Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | -209 | -113 | -113 | -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -120 |
Tax % | -0% | 0% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
-209 | -113 | -113 | -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -120 | |
EPS in Rs | -23.44 | -12.70 | -12.66 | -10.64 | -11.78 | -13.15 | -12.96 | -12.89 | -13.18 | -13.79 | -14.34 | -14.04 | -13.50 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -10% |
5 Years: | -7% |
3 Years: | -8% |
TTM: | 580% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -2% |
3 Years: | -2% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | 29% |
5 Years: | 88% |
3 Years: | 97% |
1 Year: | 313% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 |
Reserves | -1,641 | -1,754 | -1,867 | -1,961 | -2,066 | -2,184 | -2,299 | -2,414 | -2,531 | -2,654 | -2,782 | -2,907 | -2,967 |
664 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | |
935 | 1,081 | 1,201 | 1,314 | 1,434 | 1,558 | 1,683 | 1,812 | 1,941 | 2,073 | 2,207 | 2,342 | 2,411 | |
Total Liabilities | 53 | 83 | 90 | 108 | 123 | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 199 |
3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | |
CWIP | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 5 | 5 | 5 | 3 | 2 | 2 | 126 | 141 | 153 | 163 | 170 | 179 | 189 |
45 | 75 | 81 | 101 | 116 | 123 | 10 | 8 | 9 | 8 | 7 | 9 | 8 | |
Total Assets | 53 | 83 | 90 | 108 | 123 | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 199 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-5 | 121 | -16 | -2 | 1 | -2 | 3 | 5 | 2 | -1 | -14 | -8 | |
-1 | -121 | 5 | 25 | 11 | 9 | -2 | -7 | -2 | 1 | 9 | 9 | |
22 | 29 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Net Cash Flow | 17 | 30 | 5 | 23 | 12 | 7 | 1 | -2 | -0 | 0 | -4 | 1 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % |
Documents
Announcements
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Regulation 7 (3) Of SEBI (LODR) Regulations, 2015 - Compliance Certificate
12 Apr - Compliance certificate from RTA and Compliance Officer dated April 05, 2024 for the year ended March 31, 2024 is attached.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Apr - Certificate under Regulation 74 (5) of the SEBI (DP) Regulations, 2018 received from R&T Agents for the quarter ended March 31, 2024 is attached.
-
Regulation 40 (9) PCS Certificate
4 Apr - Compliance certificate dated April 03, 2024 obtained from M/s. Spanj & Associates, Practicing Company Secretaries, Ahmedabad, pursuant to Regulation 40 (9) of SEBI (LODR) Regulations, …
- Closure of Trading Window 26 Mar
- Disclosure Of Events Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Fine Imposed By BSE Ltd 23 Feb
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
from nse
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Financial Year 2010
from bse
Business Overview:[1]
GSFC was created under the State Financial Corporation Act, 1951 passed by Parliament, with an objective to provide financial assistance to small and medium scale new/existing industrial and service sector units in Gujarat and for acquisition of fixed assets, preliminary & pre-operative expenses, expansion, modernization, diversification etc.
At present, company has financed 47,331 units and disbursed Rs. 3,300 crore, generating employment for over 6,00,000 persons. Many financed units have also graduated from small to medium and large scale.