Gujarat State Fertilizers & Chemicals Ltd

Gujarat State Fertilizers & Chemicals Ltd

₹ 165 -0.71%
19 Jun - close price
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 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,410 2,032 3,017 1,943 1,940 2,144 2,623 2,755 1,907 2,172 3,140 2,894 2,622
2,068 1,893 2,802 1,840 1,915 2,026 2,334 2,606 1,833 1,971 2,806 2,717 2,552
Operating Profit 342 138 215 104 25 117 289 149 73 201 333 177 70
OPM % 14% 7% 7% 5% 1% 5% 11% 5% 4% 9% 11% 6% 3%
26 49 195 81 52 49 152 56 56 40 142 56 35
Interest 3 2 2 1 7 2 2 2 4 8 2 1 4
Depreciation 45 45 46 46 46 47 48 49 48 48 50 50 53
Profit before tax 321 140 362 138 23 118 391 153 77 186 424 181 48
Tax % 25% 24% 21% 19% 10% 22% 23% 22% 24% 25% 24% 13% 29%
240 106 285 112 21 93 303 119 58 140 320 157 34
EPS in Rs 6.04 2.67 7.15 2.81 0.53 2.32 7.60 3.00 1.47 3.51 8.03 3.94 0.86
Raw PDF

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
Industrial Products Production Volume (Caprolactam)
MT
Renewable Power Capacity (Wind & Solar)
MW

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84% 37.84%
20.54% 20.69% 19.82% 14.12% 13.31% 12.60% 11.81% 11.83% 11.64% 12.29% 11.90% 12.35%
2.57% 3.16% 3.65% 4.55% 4.90% 5.87% 6.06% 7.48% 7.34% 7.81% 7.28% 7.30%
5.65% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65% 5.65%
33.41% 32.65% 33.04% 37.84% 38.30% 38.05% 38.63% 37.21% 37.51% 36.40% 37.32% 36.83%
No. of Shareholders 1,80,8531,92,0961,98,3933,20,4853,38,2663,35,0883,38,4953,28,8573,24,2593,13,3293,09,6043,03,830

* 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.

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