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 ₹ 95.7 Cr.
- Current Price ₹ 10.7
- High / Low ₹ 18.0 / 8.40
- Stock P/E
- Book Value ₹ -358
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.16.4 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
Financial Services Financial Services Finance Financial Institution
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 | 34 | 12 | 15 | 12 | 13 | 11 | 10 | 10 | 18 | 15 | 0 | |
| Interest | 118 | 121 | 124 | 126 | 128 | 130 | 132 | 134 | 136 | 137 | 139 | 141 |
| 45 | 19 | 11 | 7 | 8 | 6 | 5 | 5 | 4 | 3 | 3 | 3 | |
| Financing Profit | -134 | -106 | -122 | -118 | -124 | -123 | -126 | -128 | -129 | -123 | -127 | -144 |
| Financing Margin % | -465% | -309% | -1,001% | -802% | -1,049% | -937% | -1,149% | -1,246% | -1,272% | -696% | -829% | |
| 40 | 1 | 6 | 3 | 10 | 6 | 3 | 1 | 4 | 4 | 2 | 16 | |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -127 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -127 | |
| 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 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -1% |
| 3 Years: | -1% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 28% |
| 3 Years: | 20% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| 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 |
| 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 |
| 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 |
| 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 Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -2 | 1 | -2 | 3 | 5 | 2 | -1 | -14 | -8 | -12 | -14 | -17 | |
| 25 | 11 | 9 | -2 | -7 | -2 | 1 | 9 | 9 | 11 | 14 | 16 | |
| 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% | 677% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE % |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross NPA Crores |
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| Total Recovery of Dues Lakhs |
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| Total Staff Strength Numbers |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
1 Jun - LIC nominated Lalit Gupta as director; Daiya P.L. ceased on May 31, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Pursuant to intimation of outcome of Board meeting held on May 30, 2026 and audited financial results for the quarter and year ended March 31, …
- Results - Audited Financial Results For The Quarter And Year Ended March 31, 2026 30 May
-
Board Meeting Outcome for Outcome Of Board Meeting - Audited Financial Results
30 May - FY26 audited loss of ₹12,728.91 lakh; no dividend; AGM on 30 July 2026.
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Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015
29 May - BSE levied Rs 9,67,600 fine for March 2026 quarter corporate governance non-compliance.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
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.