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Gujarat State Fertilizers & Chemicals Limited

Gujarat State Fertilizers & Chemicals Limited

GSFC.NS
Gujarat State Fertilizers & Chemicals LimitedIN flagNational Stock Exchange of India
161.65
INR
-0.73
- -
64.41BMarket Cap
Gujarat State Fertilizers & Chemicals Limited
GSFC.NS
(National Stock Exchange of India)

Recent

price

161.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
119.33
133.05
156.93
135.83
133.62
153.29
132.12
115.46
213.08
195.69
191.58
227.64
139.15
140.89
239.21
274.62
274.38
Revenue per Share
18.81
19.01
13
8.77
10.28
10.44
10.65
11.89
12.38
2.75
11.3
22.55
31.77
14.16
14.83
16.88
16.87
Basic EPS, GAAP
22.3
3.38
-32.67
31.93
3.02
-11.6
16.62
-3.55
5.25
-7.77
42.52
3.56
19.62
-12.76
-7.43
-4.31
- -
Free Cash Flow per Basic Share
0.89
1.39
1.49
1.99
1.99
2.18
2.64
2.64
2.66
2.67
1.22
2.23
2.51
9.98
3.97
4.99
- -
Dividend per Share
70.99
7.35
9.22
2
11.11
10.13
9.22
13.88
13.86
8.9
13.08
21.46
38.86
32.34
32.69
2
2
Book Value per Share
70.98
88.25
98.68
105.75
112.83
138.91
165.93
183.21
183.67
172.18
231.89
295.44
302.14
319.36
304.72
307.94
307.67
Tangible Book Value per Share
398
398
398
398
398
398
398
398
398
398
398
398
398
398
399
399
399
Basic Weighted Avg Shares
47,551
53,018
62,533
54,125
53,246
61,083
52,645
46,009
84,907
77,980
76,341
90,711
55,450
56,142
95,340
109,455
109,455
Sales/Revenue/Turnover
23.39
19.96
11.46
8.31
10.56
10.31
8.29
11.04
8.39
2.64
5.89
12.96
25.79
6.99
4.61
5.38
5.38
Operating Margin (%)
1,464
1,292
1,320
1,453
1,007
1,011
1,073
1,230
1,298
1,745
1,801
1,818
1,850
1,865
1,950
2,038
2,019
Depreciation Expense
7,494
7,576
5,181
3,494
4,095
4,160
4,245
4,738
4,931
1,096
4,501
8,986
12,659
5,640
5,911
6,728
6,728
Net Income, GAAP
32.63
31.96
32.51
30.91
30.24
31.19
- -
3.9
26.28
22.19
15.86
31.68
17.94
19.89
21.83
21.86
21.86
Effective Tax Rate (%)
15.76
14.29
8.29
6.46
7.69
6.81
8.06
10.3
5.81
1.41
5.9
9.91
22.83
10.05
6.2
6.15
6.15
Profit Margin (%)
10,293
14,744
16,558
15,585
17,529
18,592
19,158
18,702
21,158
21,053
24,710
32,251
42,923
43,976
43,482
48,329
48,329
Working Capital
3,923
- -
2,393
2,244
1,919
1,061
519
2,000
1,467
933
- -
17
15
15
7
8
8
LT Debt
28,287
35,168
39,416
42,227
45,054
55,447
66,189
73,046
73,219
68,627
92,418
117,738
120,414
127,283
121,493
122,775
122,775
Total Equity
23.25
18.59
10.1
5.96
7.62
7.05
- -
6.19
6.29
1.92
4.3
7.6
9.81
2.54
2.77
3.75
3.75
Return on Invested Capital (%)
23.3
34.1
39
27.94
42.56
30.6
- -
36.71
32.63
11.02
38.99
126.96
105.68
40.13
45.88
95.44
95.44
Return on Capital (%)
30.14
48.54
156.92
156.24
156.78
98.28
110.07
102.92
89.22
24.16
102.79
130.6
105.34
39.77
45.61
97.31
97.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
10
- -
259
LT Borrowings
- -
- -
- -
LT Finance Leases
4
- -
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
398
- -
398
Market Capitalization
78,201
72,701
55,537

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
59,003
- -
60,940
Cash, Cash Equivalents & STI
15,636
- -
14,008
Accounts Receivable, Net
5,147
- -
6,816
Inventories
15,478
- -
18,788
Total Current Liabilities
13,701
- -
12,611
Payables & Accruals
- -
- -
- -
ST Debt
10
- -
259
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.03%
6.38%
1.06%
Free Cash Flow
-139.68%
22.18%
-42.03%
Net Income, GAAP
35.44%
20.74%
13.83%
Sales/Revenue/Turnover
11.37%
13.17%
14.81%
Total Cash Common Dividend
32.58%
71.6%
25.51%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20,629
31,187
20,078
-15,752
56,142
2025
21,625
26,352
28,141
19,222
95,340
2026
21,844
31,874
29,410
26,327
109,455

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.82
7.75
2.97
- -
14.16
2025
2.19
7.49
3.36
1.8
14.83
2026
3.48
8.13
3.97
1.3
16.88

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9.98
2025
- -
- -
- -
- -
3.97
2026
- -
- -
- -
- -
4.99
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Business
Gujarat State Fertilizers & Chemicals Limited (GSFC) manufactures and markets fertilizers and industrial chemicals in India. The company offers a diverse portfolio of fertilizer products, including neem-coated urea, di-ammonium phosphate (DAP), ammonium sulphate (AS), ammonium phosphate sulphate (APS), complex fertilizers, water-soluble fertilizers, sulphur-based products, micro nutrients, plant growth promoters, soil conditioners, organic products, seeds, plant tissue culture and agro chemicals under brands such as Sardar; and industrial products comprising caprolactam, nylon-6 chips, melamine, methyl ethyl ketone oxime (MEK oxime), petrochemicals, industrial gases such as argon, plastics, fibres, ammonia, sulphuric acid, phosphoric acid, methanol, phenol and formaldehyde. GSFC operates manufacturing facilities in Vadodara, Fertilizernagar, Dahej and Sikka in Gujarat, primarily serving the domestic agricultural sector and industrial customers across India with exports targeting Southeast Asia and Africa. Founded in 1962 and headquartered in Vadodara, Gujarat, the company functions through two main segments--fertilizers, which contribute around 75% to total operating income, and industrial products--and maintains a wholly owned subsidiary, GSFC AgroTech Limited, incorporated in 2012. Recent developments include the appointment of Manoj Kumar Das, IAS, as Chairman effective November 1, 2025, following a change in management; record Q2 FY2026 performance with 20% revenue growth, 21% increase in fertilizer segment revenue and turnaround to profitability in industrial products; ongoing expansion projects for sulphuric acid and phosphoric acid capacities; and initiation of anti-dumping measures to protect the domestic Nylon 6 industry.