Gujarat State Fertilizers & Chemicals Ltd

Gujarat State Fertilizers & Chemicals Ltd

₹ 230 3.28%
22 Apr 11:22 a.m.
About

Incorporated in 1962, Gujarat State Fertilizers & Chemicals Ltd is a public sector company promoted by the Government of Gujarat. It is engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres [1]

Key Points

Market Leader in Carpolactam
GSFC is a market leader in the value chain of Carpolactam, Nylon 6 virgin polymer and its compounds. The compounds of Nylon 6 are used in diverse performance applications ranging from consumer durables and automotives.[1]

  • Market Cap 9,163 Cr.
  • Current Price 230
  • High / Low 322 / 123
  • Stock P/E 12.3
  • Book Value 307
  • Dividend Yield 4.36 %
  • ROCE 13.4 %
  • ROE 10.9 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.75 times its book value
  • Stock is providing a good dividend yield of 4.38%.
  • Company has delivered good profit growth of 22.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.0%

Cons

  • Company has a low return on equity of 8.50% over last 3 years.
  • Earnings include an other income of Rs.351 Cr.

* 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: Fertilizers Industry: Fertilizers

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,086 1,728 1,873 2,511 2,567 2,047 3,061 2,405 3,421 2,410 2,032 3,017 1,943
1,969 1,593 1,668 2,187 2,207 1,623 2,525 2,011 3,076 2,068 1,893 2,802 1,840
Operating Profit 117 135 204 324 360 425 536 394 345 342 138 215 104
OPM % 6% 8% 11% 13% 14% 21% 18% 16% 10% 14% 7% 7% 5%
33 73 20 65 30 66 30 72 18 26 49 195 81
Interest 6 6 2 3 2 3 3 3 6 3 2 2 1
Depreciation 44 44 44 45 45 44 45 46 46 45 45 46 46
Profit before tax 100 158 178 341 343 443 519 418 310 321 140 362 138
Tax % 17% 16% 22% 34% 32% 34% 31% 31% -31% 25% 24% 21% 19%
83 132 138 226 235 292 356 289 408 240 106 285 112
EPS in Rs 2.08 3.31 3.46 5.68 5.89 7.33 8.93 7.26 10.23 6.04 2.67 7.15 2.81
Raw PDF
Upcoming result date: 21 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
5,295 6,236 5,386 5,311 6,108 5,265 6,271 8,575 7,621 7,500 8,998 11,298 9,403
4,160 5,437 4,820 4,720 5,453 4,778 5,704 7,827 7,314 6,950 7,685 9,680 8,603
Operating Profit 1,135 799 566 591 656 487 567 748 307 549 1,312 1,618 799
OPM % 21% 13% 10% 11% 11% 9% 9% 9% 4% 7% 15% 14% 8%
128 137 120 102 65 57 94 105 105 183 180 146 351
Interest 20 36 45 18 31 65 51 61 115 43 10 15 7
Depreciation 129 132 145 101 97 103 119 126 170 176 178 182 181
Profit before tax 1,113 768 495 574 593 375 491 665 127 513 1,305 1,568 962
Tax % 32% 33% 31% 30% 31% -12% 3% 26% 22% 19% 32% 18%
758 518 342 401 409 420 476 494 99 418 891 1,293 744
EPS in Rs 19.01 13.00 8.59 10.05 10.27 10.53 11.94 12.39 2.48 10.48 22.36 32.45 18.67
Dividend Payout % 8% 15% 23% 22% 21% 21% 18% 18% 48% 21% 11% 31%
Compounded Sales Growth
10 Years: 6%
5 Years: 13%
3 Years: 14%
TTM: -14%
Compounded Profit Growth
10 Years: 10%
5 Years: 22%
3 Years: 133%
TTM: -45%
Stock Price CAGR
10 Years: 14%
5 Years: 17%
3 Years: 33%
1 Year: 80%
Return on Equity
10 Years: 7%
5 Years: 7%
3 Years: 9%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 80 80 80 80 80 80 80 80 80 80 80 80 80
Reserves 3,437 3,862 4,111 4,385 5,426 6,495 7,182 7,188 6,718 9,064 11,589 11,884 12,158
617 1,505 789 744 1,288 805 1,093 1,069 1,559 37 6 2 2
1,433 1,471 1,566 1,244 1,543 1,648 1,885 2,015 1,667 1,838 2,301 1,807 2,281
Total Liabilities 5,566 6,918 6,545 6,452 8,337 9,028 10,240 10,351 10,024 11,019 13,975 13,773 14,520
1,425 1,365 2,016 1,958 1,653 2,019 2,105 2,813 2,895 2,798 2,674 2,574 2,501
CWIP 346 684 185 260 403 272 761 187 107 117 157 199 263
Investments 433 672 827 858 1,694 2,479 2,740 2,315 2,023 4,284 6,265 5,279 5,597
3,363 4,196 3,517 3,377 4,587 4,259 4,633 5,036 4,999 3,820 4,878 5,721 6,160
Total Assets 5,566 6,918 6,545 6,452 8,337 9,028 10,240 10,351 10,024 11,019 13,975 13,773 14,520

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
540 -887 1,573 258 -242 907 361 507 -24 1,769 252 929
-396 -637 -412 -134 -170 -238 -488 -279 -266 -24 -19 -40
140 786 -938 -155 410 -656 133 -242 267 -1,560 -125 -114
Net Cash Flow 285 -737 223 -31 -2 13 7 -13 -23 185 108 775

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 99 170 134 133 197 55 56 40 43 23 15 16
Inventory Days 80 62 77 70 56 82 74 90 90 69 90 62
Days Payable 61 48 65 39 54 70 75 63 29 37 53 31
Cash Conversion Cycle 118 184 147 164 199 67 55 68 104 55 51 47
Working Capital Days 82 161 115 131 174 178 154 125 167 110 116 92
ROCE % 32% 17% 10% 12% 10% 6% 7% 9% 3% 6% 13% 13%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84%
20.49% 19.43% 20.95% 23.79% 26.38% 25.05% 22.41% 21.36% 20.54% 20.69% 19.82% 14.12%
9.42% 7.86% 7.83% 6.80% 6.17% 4.50% 2.49% 2.14% 2.57% 3.16% 3.65% 4.55%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65%
32.24% 34.87% 33.37% 31.57% 29.61% 32.61% 31.60% 33.01% 33.41% 32.65% 33.04% 37.84%
No. of Shareholders 1,54,4981,56,5031,48,7931,47,2631,53,2781,70,2691,85,3321,87,5701,80,8531,92,0961,98,3933,20,485

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls