Gujarat State Financial Corporation

Guj. State Fin. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat State Financial Corporation

₹ 24.2 6.72%
11 Dec 2:48 p.m.
gsfc.gujarat.gov.in BSE: 532160
About

Incorporated in 1960, Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.

Key Points

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.

Website BSE
  • Market Cap ₹ 215 Cr.
  • Current Price ₹ 24.2
  • High / Low ₹ 40.0 / 10.1
  • Stock P/E
  • Book Value ₹ -336
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.15.7 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

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Revenue 0 0 0 0 0 0 0 3 1 0 1 1 0
Interest 34 34 33 34 34 34 34 34 35 35 34 35 35
2 1 1 1 1 1 1 1 3 -1 1 1 1
Financing Profit -35 -35 -34 -35 -35 -35 -35 -32 -36 -34 -34 -35 -36
Financing Margin % -22,119% -69,700% -34,260% -28,817% -38,867% -12,021% -69,100% -1,046% -3,736% -168,750% -5,524% -6,558% -10,462%
3 3 3 2 2 5 4 3 5 3 5 4 4
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -33 -32 -32 -32 -33 -29 -31 -28 -31 -30 -30 -31 -31
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-33 -32 -32 -32 -33 -29 -31 -28 -31 -30 -30 -31 -31
EPS in Rs -3.68 -3.58 -3.56 -3.65 -3.65 -3.30 -3.44 -3.18 -3.47 -3.41 -3.32 -3.50 -3.53
Gross NPA % 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Net NPA % 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Revenue 30 25 29 34 12 15 12 13 11 10 10 18 2
Interest 146 115 118 121 124 126 128 130 132 134 136 137 138
32 19 45 19 11 7 8 6 5 5 4 3 1
Financing Profit -148 -110 -134 -106 -122 -118 -124 -123 -126 -128 -129 -123 -138
Financing Margin % -497% -441% -465% -309% -1,001% -802% -1,049% -937% -1,149% -1,246% -1,272% -696% -9,161%
35 -3 40 1 6 3 10 6 3 1 4 4 16
Depreciation 0 0 0 0 1 0 0 0 0 0 0 0 0
Profit before tax -113 -113 -95 -105 -117 -116 -115 -117 -123 -128 -125 -119 -123
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-113 -113 -95 -105 -117 -116 -115 -117 -123 -128 -125 -119 -123
EPS in Rs -12.70 -12.66 -10.64 -11.78 -13.15 -12.96 -12.89 -13.18 -13.79 -14.34 -14.04 -13.38 -13.76
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: 8%
3 Years: 17%
TTM: -65%
Compounded Profit Growth
10 Years: -1%
5 Years: -1%
3 Years: 1%
TTM: 2%
Stock Price CAGR
10 Years: 20%
5 Years: 95%
3 Years: 37%
1 Year: 123%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 94 94 94 94 94 94 94 94 94 94 94 94 94
Reserves -1,754 -1,867 -1,961 -2,066 -2,184 -2,299 -2,414 -2,531 -2,654 -2,782 -2,907 -3,029 -3,091
662 662 662 662 662 662 662 662 662 662 662 662 662
1,081 1,201 1,314 1,434 1,558 1,683 1,812 1,941 2,073 2,207 2,342 2,479 2,549
Total Liabilities 83 90 108 123 129 139 153 165 174 180 190 206 213
3 3 4 4 4 4 4 3 3 3 2 2 2
CWIP 0 1 1 1 0 0 0 0 0 0 0 0 0
Investments 5 5 3 2 2 126 141 153 163 170 179 194 202
75 81 101 116 123 10 8 9 8 7 9 10 9
Total Assets 83 90 108 123 129 139 153 165 174 180 190 206 213

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
121 -16 -2 1 -2 3 5 2 -1 -14 -8 -12
-121 5 25 11 9 -2 -7 -2 1 9 9 11
29 16 0 0 0 0 0 0 0 0 0 0
Net Cash Flow 30 5 23 12 7 1 -2 -0 0 -4 1 -1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
ROE %

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
83.95% 83.95% 83.95% 83.95% 83.95% 83.95% 83.95% 83.95% 83.95% 83.95% 83.95% 83.95%
1.44% 1.44% 1.44% 1.44% 1.44% 1.44% 1.44% 1.44% 1.44% 1.44% 1.44% 1.44%
4.20% 4.20% 4.20% 4.20% 4.20% 4.20% 4.20% 4.20% 4.20% 4.20% 4.20% 4.20%
10.41% 10.41% 10.41% 10.40% 10.41% 10.41% 10.40% 10.41% 10.40% 10.41% 10.41% 10.40%
No. of Shareholders 11,25512,25712,42312,25212,37412,26112,15912,44512,62514,38517,78219,691

* 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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Documents

Announcements

Annual reports