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Gujarat State Financial Corp.

Gujarat State Financial Corp.

BBSE:GUJSTATFIN
8.56
INR
+0.09
(+1.06%)
-13.01EPS
938.37MMarket Cap
Gujarat State Financial Corp.
BSE:GUJSTATFIN
(Bombay Stock Exchange)

Recent

price

8.56

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
2.65
2.94
2.81
2.02
0.89
3.78
0.36
0.73
0.27
0.24
0.05
0.1
0.06
0.52
0.02
0.02
0.01
Revenue per Share
-17.61
-23.44
-12.7
-12.66
-10.64
-11.78
-13.15
-12.96
-12.89
-13.18
-13.79
-14.34
-14.04
-13.38
-14.07
-14.28
-13.01
Basic EPS, GAAP
-2.01
-0.64
13.5
-2.01
-1.13
0.04
-0.22
0.33
0.51
0.19
-0.14
-1.56
-0.91
-1.3
-1.53
-1.92
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-150.14
-173.58
-186.28
-198.94
41.19
41.19
41.19
41.19
41.19
41.19
41.19
41.19
41.19
40.95
40.91
40.87
- -
Book Value per Share
-150.14
-173.58
-186.28
-198.94
41.19
41.19
41.19
41.19
41.19
41.19
41.19
41.19
41.19
40.95
40.91
40.87
- -
Tangible Book Value per Share
89
89
89
89
89
89
89
89
89
89
89
89
89
89
89
89
89
Basic Weighted Avg Shares
236
262
251
180
80
337
32
65
24
21
4
9
6
47
1
1
1
Sales/Revenue/Turnover
-38.5
-67.4
111.32
80.05
94.96
75.74
-2,947.59
-1,388.22
-3,609.44
-6,010.52
-22,183.96
-11,375.34
-16,815.18
-1,907.68
-68,210.01
-66,169.07
-259,945.36
Operating Margin (%)
2
2
2
3
4
4
5
5
4
4
3
3
3
2
2
2
- -
Depreciation Expense
-1,569
-2,089
-1,132
-1,128
-948
-1,050
-1,172
-1,155
-1,149
-1,174
-1,229
-1,278
-1,251
-1,192
-1,253
-1,273
-1,159
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-665.71
-796.21
-451.54
-625.7
-1,188.93
-311.5
-3,690.6
-1,787.81
-4,736.73
-5,516.85
-28,677.41
-15,017.48
-22,701.74
-2,559.87
-90,778.25
-88,884.65
-228,687.18
Profit Margin (%)
139
339
699
654
-12,132
-13,180
-13,971
-16,358
-17,651
-17,415
-18,642
-19,919
-21,168
-22,382
-23,636
-24,910
- -
Working Capital
6,575
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
6,617
- -
LT Debt
-13,380
-15,469
-16,600
-17,728
3,671
3,671
3,671
3,671
3,671
3,671
3,671
3,671
3,671
3,649
3,646
3,642
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
-28.6
-31.92
-31.47
-31.29
-31.99
-33.48
-34.82
-34.09
-32.57
-34.37
-34.93
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
6,617
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
89
89
89
Market Capitalization
1,047
829
938

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,310
- -
Cash, Cash Equivalents & STI
- -
65
- -
Accounts Receivable, Net
- -
92
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
27,220
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-0.09%
Free Cash Flow
-6.6%
216.95%
25.3%
Net Income, GAAP
2.04%
0.77%
1.56%
Sales/Revenue/Turnover
57.31%
142.95%
3.72%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5
3
-10
2
1
2026
1
1
- -
- -
1
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-3.5
-3.53
-3.55
-3.48
-14.07
2026
-3.48
-3.59
-3.58
-3.63
-14.28
2027
-2.21
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Gujarat State Financial Corporation (GSFC) operates as a state-level development financial institution in India, providing medium- and long-term financing to small and medium-scale enterprises, including loans for fixed assets, preliminary expenses, expansion, modernization, diversification, and service sector activities; it also engages in recovery of dues, leasing, hire purchase, fee-based services, and acts as a Category-I Merchant Banker and channelizing agency for concessional loans from NHFDC at 5% to 10% interest. Established in 1960 under the State Financial Corporations Act, 1951, and headquartered in Gandhinagar, Gujarat, the corporation focuses on industrial development within Gujarat, having sanctioned over ₹4,400 crores in loans to 47,000 units, disbursed ₹3,300 crores, and generated approximately 683,000 jobs while supporting first-time entrepreneurs. Primarily serving micro, small, and medium enterprises in manufacturing and services across Gujarat, GSFC derives resources from refinance by SIDBI and IDBI; it discontinued new lending in 2001 due to losses and net worth erosion, shifting to recovery functions and online services for assisted customers, with ongoing operations in 2023-2025 amid stable promoter holding at 83.95%.