Gujarat State Fertilizers & Chemicals Limited

NSE: GSFC · Chemicals

₹139.40-1.51%06 Nov 2026

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Instant answers about Gujarat State Fertilizers & Chemicals Limited — computed from its filings, no language model

Market cap₹5,555 cr

Current price₹139.40

High / Low₹197 / ₹133

P/E9.8

P/B0.42

Book value₹328.0

ROE4.4%

ROCE5.2%

Debt / equity0.05

Dividend yield3.58%

EPS (TTM)₹14.28

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	7,798	7,634	9,083	11,369	9,155	9,534	10,946
EBITDA	317	571	1,319	1,588	513	632	790
Operating margin	4.1%	7.5%	14.5%	14.0%	5.6%	6.6%	7.2%
Interest	115	43	10	15	11	10	14
Depreciation	171	177	179	182	183	192	202
Profit before tax	141	535	1,315	1,543	695	744	850
Tax	28	105	411	277	140	165	188
Net profit	0	450	899	1,266	555	591	673
EPS ₹	2.75	11.30	22.55	31.77	14.16	14.83	16.88
Operating cash flow	—	—	237	924	-268	83	136
Capex	—	—	95	142	240	380	308
Dividend paid	—	—	89	100	398	158	199
Total assets	—	—	—	13,909	15,051	14,369	14,390
Equity	—	—	—	12,040	12,727	12,138	12,266

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	1,721	2,407	1,807	1,863	1,637	2,111	2,146	1,740	1,851	2,532	2,667	2,033	3,018	2,488	3,479	2,384	2,063	3,119	2,008	1,965	2,163	2,635	2,814	1,922	2,184	3,187	2,941	2,633	3,583	4,741
Operating profit	123	89	-41	146	90	208	128	145	201	331	370	417	525	391	346	326	142	237	108	26	110	284	158	80	193	337	178	83	233	140
Operating margin	7.2%	3.7%	-2.3%	7.8%	5.5%	9.8%	6.0%	8.3%	10.9%	13.1%	13.9%	20.5%	17.4%	15.7%	9.9%	13.7%	6.9%	7.6%	5.4%	1.3%	5.1%	10.8%	5.6%	4.2%	8.8%	10.6%	6.0%	3.2%	6.5%	2.9%
Other income	9	54	31	12	11	67	36	69	22	64	31	67	31	72	18	28	49	195	81	52	50	152	56	57	42	143	56	35	34	170
Interest	30	32	26	26	19	11	6	6	2	3	2	3	3	3	6	3	2	2	1	7	2	2	2	4	8	2	1	4	10	15
Depreciation	42	42	44	44	44	45	44	44	44	45	45	44	45	46	46	45	45	46	46	47	47	48	49	48	48	51	50	53	54	55
Profit before tax	62	71	-80	88	38	220	115	162	176	348	356	435	509	415	313	305	144	385	142	24	113	387	168	84	179	427	182	61	202	240
Tax	20	22	-24	23	8	47	18	32	40	117	110	144	163	130	-76	80	34	78	26	2	25	89	34	17	46	104	25	13	47	49
Net profit	0	0	0	0	0	0	0	150	0	0	0	286	346	285	410	225	112	309	118	23	87	298	134	72	139	324	158	52	159	200
EPS ₹	1.05	1.56	-1.41	1.55	0.76	4.33	2.45	3.76	3.42	5.80	6.16	7.17	8.68	7.16	10.28	5.65	2.82	7.75	2.97	0.63	2.19	7.60	3.36	1.80	3.48	8.13	3.97	1.30	3.98	5.02
Revenue YoY	—	—	—	—	-4.9%	-12.3%	18.7%	-6.6%	13.1%	19.9%	24.3%	16.8%	63.1%	-1.8%	30.4%	17.3%	-31.6%	25.4%	-42.3%	-17.6%	4.8%	-15.5%	40.2%	-2.2%	1.0%	21.0%	4.5%	37.0%	64.0%	48.7%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	90.6%	—	—	—	-21.3%	-67.5%	8.3%	-71.2%	-89.9%	-22.4%	-3.5%	13.4%	215.6%	58.7%	8.7%	18.1%	-27.3%	14.4%	-38.2%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Gujarat State Fertilizers & Chemicals Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	5,868	4,019	4,755	5,302	6,253	5,412	5,325	6,163	5,477	6,309	8,575
Operating profit	851	448	1,171	1,129	798	529	566	613	487	567	747
Operating margin	14.5%	11.1%	24.6%	21.3%	12.8%	9.8%	10.6%	9.9%	8.9%	9.0%	8.7%
Other income	71	113	101	162	138	157	127	65	57	95	105
Interest	39	31	14	14	36	45	18	30	65	51	61
Depreciation	143	141	146	129	132	145	101	101	103	119	126
Profit before tax	740	389	1,112	1,113	768	495	574	547	375	491	665
Tax	241	135	363	356	250	153	173	168	-45	15	172
Net profit	499	254	749	758	518	342	401	379	420	476	494

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	1,090	995	798	1,295	1,736	1,991	847	1,143	952	1,141	783	1,067	1,301	1,265	1,122	1,208	1,264	1,300	1,530	1,412	1,416	1,729	1,696	1,018	1,418	1,458	1,518	1,243	1,482	1,309	1,290	1,084	1,762	1,615	1,702	1,082	1,638	1,150	1,607	1,176	1,540	1,537	2,055	1,770	2,672	1,994	2,138
Operating profit	137	140	82	142	252	278	179	52	141	190	64	184	317	354	317	274	303	258	294	237	203	231	127	41	152	137	198	159	163	141	102	156	206	176	74	98	195	79	115	81	97	162	227	113	318	152	164
Operating margin	12.6%	14.0%	10.3%	11.0%	14.5%	14.0%	21.1%	4.6%	14.8%	16.7%	8.2%	17.2%	24.4%	28.0%	28.2%	22.7%	24.0%	19.8%	19.2%	16.8%	14.3%	13.3%	7.5%	4.1%	10.7%	9.4%	13.0%	12.8%	11.0%	10.8%	7.9%	14.4%	11.7%	10.9%	4.4%	9.0%	11.9%	6.8%	7.2%	6.9%	6.3%	10.5%	11.0%	6.4%	11.9%	7.6%	7.6%
Other income	33	10	8	9	28	21	13	30	21	26	37	15	44	13	30	24	41	31	66	55	46	19	18	14	41	52	50	26	39	35	27	16	23	13	14	10	20	13	13	13	43	8	30	25	44	20	15
Interest	11	7	9	11	11	13	4	9	9	7	6	4	4	2	3	6	1	3	5	10	3	11	13	14	12	14	5	4	4	4	6	4	6	8	12	18	15	14	18	13	9	16	13	17	20	11	14
Depreciation	36	35	36	35	35	35	38	35	36	36	35	34	36	37	39	31	31	33	34	29	34	35	34	33	36	38	38	27	25	26	23	24	25	26	26	25	27	27	24	29	30	30	30	31	31	31	33
Profit before tax	123	107	46	105	234	252	149	38	118	173	60	160	321	327	305	208	312	253	339	253	212	205	98	8	145	138	204	154	174	146	100	143	198	155	50	64	174	50	86	52	102	123	214	91	312	131	132
Tax	42	33	17	34	75	81	51	12	41	59	23	51	114	98	100	66	100	81	109	81	61	68	40	2	44	37	70	46	49	43	36	42	56	52	18	18	49	-11	-101	11	22	-77	58	20	87	32	32
Net profit	82	74	29	71	159	171	98	27	77	114	37	109	207	229	205	142	213	172	230	173	150	136	58	6	101	101	134	108	124	103	64	101	143	103	33	46	125	61	187	41	79	200	156	71	224	99	100
EPS ₹	10.24	9.32	3.58	8.88	19.94	21.49	12.35	3.33	9.68	14.29	4.62	13.63	25.98	28.69	25.74	17.83	26.70	21.63	28.90	21.67	3.78	3.43	1.47	0.14	2.54	2.54	3.37	2.72	3.12	2.60	1.62	2.53	3.58	2.59	0.82	1.16	3.14	1.54	4.69	1.02	1.99	5.01	3.93	1.78	5.63	2.48	2.50
Revenue YoY	—	—	—	—	59.3%	100.0%	6.1%	-11.7%	-45.1%	-42.7%	-7.6%	-6.7%	36.6%	10.8%	43.4%	13.2%	-2.8%	2.8%	36.3%	16.9%	12.0%	33.0%	10.9%	-27.9%	0.1%	-15.7%	-10.5%	22.1%	4.5%	-10.2%	-15.0%	-12.8%	18.9%	23.3%	31.9%	-0.2%	-7.1%	-28.8%	-5.6%	8.7%	-6.0%	33.7%	27.9%	50.5%	73.5%	29.7%	4.0%
Profit YoY	—	—	—	—	94.7%	130.7%	244.6%	-62.4%	-51.4%	-33.5%	-62.6%	308.9%	168.3%	100.7%	457.1%	30.8%	2.8%	-24.6%	12.3%	21.6%	-29.3%	-20.8%	-74.6%	-96.8%	-32.6%	-25.9%	129.4%	1853.6%	22.7%	2.2%	-51.9%	-6.8%	14.7%	-0.2%	-49.5%	-54.1%	-12.4%	-40.7%	474.2%	-12.5%	-36.6%	226.3%	-16.4%	74.6%	183.0%	-50.4%	-36.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	7.8%	11.3%	10.5%	8.6%	8.6%	6.2%	4.4%	4.2%	3.9%	4.0%	4.9%	5.3%	5.4%	5.6%	5.5%	5.6%	4.4%
ROCE	—	—	—	—	—	—	—	—	—	—	14.5%	14.2%	12.9%	9.9%	9.4%	8.0%	5.6%	5.3%	5.0%	5.2%	6.3%	6.9%	7.0%	7.1%	7.0%	7.2%	5.2%
Net margin	0.0%	0.0%	0.0%	0.0%	2.0%	1.9%	1.8%	1.7%	3.1%	6.2%	9.0%	12.0%	11.1%	9.9%	9.6%	8.0%	6.1%	5.8%	6.0%	5.7%	6.2%	6.7%	6.6%	6.8%	6.1%	5.6%	4.1%
EBITDA margin	4.1%	3.7%	5.4%	7.4%	7.5%	8.7%	9.7%	11.9%	14.5%	16.0%	16.7%	15.2%	14.0%	11.6%	9.5%	8.5%	5.6%	5.2%	6.0%	6.0%	6.6%	7.5%	7.6%	7.7%	7.2%	6.7%	4.6%
Debt / equity	—	—	—	—	—	—	—	—	—	—	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.05
Interest coverage	2.23	2.12	4.19	8.34	13.44	27.27	47.90	82.24	135.62	152.58	159.66	110.69	103.64	86.62	90.77	135.09	63.09	61.23	58.75	53.99	75.54	52.41	56.10	59.96	59.76	51.98	23.78
Asset turnover	—	—	—	—	—	—	—	—	—	—	0.71	0.76	0.82	0.75	0.75	0.65	0.61	0.61	0.55	0.60	0.66	0.67	0.68	0.69	0.76	0.86	0.78

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	80	80	80	80	80	80	80	80	80
Other equity / reserves	11,692	11,960	12,264	12,647	13,340	12,059	12,385	12,187	12,992
Total equity	11,772	12,040	12,344	12,727	13,420	12,138	12,465	12,266	13,072
Borrowings	104	0	0	2	98	0	0	25	633
Current liabilities	1,777	1,081	1,556	1,304	1,351	1,302	1,370	1,261	3,754
Non-current liabilities	897	787	801	1,019	1,116	918	923	851	979
Total assets	14,448	13,909	14,703	15,051	15,888	14,369	14,769	14,390	17,815
Property, plant & equipment	2,636	2,536	2,464	2,506	2,459	2,500	2,870	3,327	3,269
Capital work-in-progress	135	200	263	236	464	690	423	192	176
Investments	5,733	5,330	5,652	6,015	6,697	5,055	5,135	4,610	5,375
Inventories	1,693	1,324	987	1,305	1,008	1,479	1,548	1,879	2,969
Receivables	437	497	773	510	674	1,624	2,150	2,135	3,994
Cash & equivalents	386	1,098	893	532	513	285	520	192	742

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	237	924	-268	83	136
Cash from investing	-18	-39	106	-172	-46
Cash from financing	-126	-114	-403	-159	-184
Capex	95	142	240	380	308
Free cash flow	142	782	-508	-296	-172
Dividends paid	89	100	398	158	199

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹3,269 cr18%

CWIP

₹176 cr1%

Investments

₹5,375 cr30%

Inventories

₹2,969 cr17%

Receivables

₹3,994 cr22%

Cash & equivalents

₹742 cr4%

Other assets

₹1,289 cr7%

Peer comparison

largest in Chemicals · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Solar Industries India Ltd.	1,68,402	18,608.00	74.4	21.95	29.5%
Pidilite Industries Ltd.	1,60,821	1,579.00	59.9	14.34	23.9%
SRF Ltd.	72,931	2,460.40	143.2	4.77	3.3%
Linde India Ltd.	58,496	6,859.00	755.3	13.33	1.8%
Coromandel International Ltd.	53,808	1,824.00	31.8	428.48	1349.1%
Gujarat Fluorochemicals Ltd.	51,320	4,665.50	75.6	6.12	8.1%
Fertilisers and Chemicals Travancore Ltd.	48,546	750.25	—	35.30	-3.1%
Navin Fluorine International Ltd.	46,221	9,010.00	50.8	10.36	20.4%
UPL Ltd.	45,199	534.90	23.9	1.30	5.4%
Himadri Speciality Chemical Ltd.	28,669	568.15	33.5	5.58	16.6%
Gujarat State Fertilizers & Chemicals Limited	5,555	139.40	9.8	0.42	4.4%

StoxGud checklist: Bearish setup · 3/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.9%

6 months-21.6%

1 year-28.3%

3Y CAGR-10.1%

5Y CAGR+0.6%

10Y CAGR+4.2%

50-day avg₹149.45

200-day avg₹161.37

RSI (14)35

FAQs

What is the share price of Gujarat State Fertilizers & Chemicals Limited?

Gujarat State Fertilizers & Chemicals Limited (GSFC) closed at ₹139.40 on NSE on 06 Nov 2026.

What is the market cap of Gujarat State Fertilizers & Chemicals Limited?

₹5,555 crore at the latest close.

What is the P/E ratio of Gujarat State Fertilizers & Chemicals Limited?

9.8, on trailing-twelve-month earnings from its filings.

How fast is Gujarat State Fertilizers & Chemicals Limited growing?

Gujarat State Fertilizers & Chemicals Limited: revenue has compounded at -1.3% a year over three years; net profit at -19.0% a year. Latest-quarter revenue is up 48.7% year on year, profit down 38.2%.

How profitable is Gujarat State Fertilizers & Chemicals Limited?

On a trailing-twelve-month basis return on equity is 4.4%, return on capital employed 5.2%, operating margin 4.6%, net margin 4.1%.

How much debt does Gujarat State Fertilizers & Chemicals Limited have?

Gujarat State Fertilizers & Chemicals Limited is debt-free: debt to equity is 0.05 with borrowings of ₹633 cr against cash of ₹742 cr (balance sheet of 2026-09-30). Operating profit covers interest 23.8 times.

Financials parsed from Gujarat State Fertilizers & Chemicals Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.