Gujarat State Fertilizers & Chemicals Ltd
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]
- Market Cap ₹ 6,592 Cr.
- Current Price ₹ 165
- High / Low ₹ 221 / 139
- Stock P/E 10.1
- Book Value ₹ 304
- Dividend Yield 3.02 %
- ROCE 7.06 %
- ROE 5.40 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.54 times its book value
- Company has been maintaining a healthy dividend payout of 31.9%
Cons
- The company has delivered a poor sales growth of 7.62% over past five years.
- Company has a low return on equity of 4.78% over last 3 years.
- Earnings include an other income of Rs.273 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,311 | 6,108 | 5,265 | 6,271 | 8,575 | 7,621 | 7,500 | 8,998 | 11,298 | 8,932 | 9,429 | 10,827 | |
| 4,720 | 5,453 | 4,778 | 5,704 | 7,827 | 7,314 | 6,950 | 7,685 | 9,680 | 8,449 | 8,796 | 10,046 | |
| Operating Profit | 591 | 656 | 487 | 567 | 748 | 307 | 549 | 1,312 | 1,618 | 483 | 633 | 781 |
| OPM % | 11% | 11% | 9% | 9% | 9% | 4% | 7% | 15% | 14% | 5% | 7% | 7% |
| 102 | 65 | 57 | 94 | 105 | 105 | 183 | 180 | 146 | 376 | 309 | 273 | |
| Interest | 18 | 31 | 65 | 51 | 61 | 115 | 43 | 10 | 15 | 11 | 10 | 14 |
| Depreciation | 101 | 97 | 103 | 119 | 126 | 170 | 176 | 178 | 182 | 183 | 192 | 202 |
| Profit before tax | 574 | 593 | 375 | 491 | 665 | 127 | 513 | 1,305 | 1,568 | 664 | 740 | 838 |
| Tax % | 30% | 31% | -12% | 3% | 26% | 22% | 19% | 32% | 18% | 21% | 23% | 22% |
| 401 | 409 | 420 | 476 | 494 | 99 | 418 | 891 | 1,293 | 524 | 573 | 652 | |
| EPS in Rs | 10.05 | 10.27 | 10.53 | 11.94 | 12.39 | 2.48 | 10.48 | 22.36 | 32.45 | 13.16 | 14.38 | 16.35 |
| Dividend Payout % | 22% | 21% | 21% | 18% | 18% | 48% | 21% | 11% | 31% | 30% | 35% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 8% |
| 3 Years: | -1% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 11% |
| 3 Years: | -20% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 8% |
| 3 Years: | 1% |
| 1 Year: | -15% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 7% |
| 3 Years: | 5% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 |
| Reserves | 4,385 | 5,426 | 6,495 | 7,182 | 7,188 | 6,718 | 9,064 | 11,589 | 11,884 | 12,531 | 11,925 | 12,032 |
| 744 | 1,288 | 805 | 1,093 | 1,069 | 1,559 | 37 | 6 | 2 | 5 | 2 | 27 | |
| 1,244 | 1,543 | 1,648 | 1,885 | 2,015 | 1,667 | 1,838 | 2,301 | 1,807 | 2,264 | 2,189 | 2,045 | |
| Total Liabilities | 6,452 | 8,337 | 9,028 | 10,240 | 10,351 | 10,024 | 11,019 | 13,975 | 13,773 | 14,880 | 14,195 | 14,183 |
| 1,958 | 1,653 | 2,019 | 2,105 | 2,813 | 2,895 | 2,798 | 2,674 | 2,574 | 2,544 | 2,500 | 3,327 | |
| CWIP | 260 | 403 | 272 | 761 | 187 | 107 | 117 | 157 | 199 | 235 | 690 | 182 |
| Investments | 858 | 1,694 | 2,479 | 2,740 | 2,315 | 2,023 | 4,284 | 6,265 | 5,279 | 5,956 | 4,993 | 4,537 |
| 3,377 | 4,587 | 4,259 | 4,633 | 5,036 | 4,999 | 3,820 | 4,878 | 5,721 | 6,145 | 6,013 | 6,137 | |
| Total Assets | 6,452 | 8,337 | 9,028 | 10,240 | 10,351 | 10,024 | 11,019 | 13,975 | 13,773 | 14,880 | 14,195 | 14,183 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 258 | -242 | 907 | 361 | 507 | -24 | 1,769 | 252 | 929 | -272 | 74 | 146 | |
| -134 | -170 | -238 | -488 | -279 | -266 | -24 | -19 | -40 | 105 | -179 | -39 | |
| -155 | 410 | -656 | 133 | -242 | 267 | -1,560 | -125 | -114 | -403 | -168 | -184 | |
| Net Cash Flow | -31 | -2 | 13 | 7 | -13 | -23 | 185 | 108 | 775 | -570 | -274 | -78 |
| Free Cash Flow | 119 | -458 | 658 | -136 | 211 | -325 | 1,723 | 157 | 787 | -512 | -298 | -146 |
| CFO/OP | 69% | -11% | 200% | 77% | 81% | 10% | 312% | 36% | 86% | -24% | 24% | 35% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 133 | 197 | 55 | 56 | 40 | 43 | 23 | 15 | 16 | 21 | 21 | 23 |
| Inventory Days | 70 | 56 | 82 | 74 | 90 | 90 | 69 | 90 | 62 | 78 | 85 | 88 |
| Days Payable | 39 | 54 | 70 | 75 | 63 | 29 | 37 | 53 | 31 | 48 | 40 | 33 |
| Cash Conversion Cycle | 164 | 199 | 67 | 55 | 68 | 104 | 55 | 51 | 47 | 50 | 67 | 78 |
| Working Capital Days | 96 | 109 | 129 | 105 | 88 | 99 | 108 | 116 | 92 | 84 | 94 | 155 |
| ROCE % | 12% | 10% | 6% | 7% | 9% | 3% | 6% | 13% | 13% | 6% | 6% | 7% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fertilizers Production Volume MT |
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| Fertilizers Sales Volume MT |
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| Industrial Products Production Volume (Caprolactam) MT |
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| Renewable Power Capacity (Wind & Solar) MW |
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Extracted by Screener AI
Documents
Announcements
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Additional Details Required For Corporate Announcement Filed Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2 Jun - Mr. S. V. Varma resigned as ED, Agri Business, HR & IR, effective 28 April 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Newspaper Publication of Notice to Equity Shareholders regarding transfer of Equity Shares of the Company to the IEPF Authority
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Intimation Regarding Second 100 Days Campaign - 'Saksham Niveshak'
30 May - GSFC launches Saksham Niveshak campaign from April 1 to July 9, 2026 for unclaimed dividends.
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IN ADDITION TO THE LETTER SUBMITED ON 28/04/2026, PLS FIND THE LETTER OF RESIGNATION
29 May - Mr. S. V. Varma resigned as ED (Agri Business, HR & IR), effective 28 April 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 May - GSFC released Q4 FY26 earnings call transcript highlighting record sales, higher profits, capex progress, and FY27 outlook.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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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
from nse
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT REC
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Jun 2025Transcript PPT
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May 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024TranscriptPPT REC
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Nov 2023Transcript PPT
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Aug 2023TranscriptPPT REC
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May 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2021TranscriptPPT
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Dec 2017TranscriptPPT
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]