Gujarat State Fertilizers & Chemicals
Gujarat State Fertilizers & Chemicals Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Gujarat State Fertilizers & Chemicals Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Gujarat State Fertilizers & Chemicals Ltd trades at a P/E of 9.75× and P/B of 0.54×.
Valuation
Profitability
Growth
Financial Health
Gujarat State Fertilizers & Chemicals Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Gujarat State Fertilizers & Chemicals Ltd, switchable between annual and quarterly views, consolidated or standalone.
Gujarat State Fertilizers & Chemicals Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹6,584.44 Cr and reported EPS of ₹16.88.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 6,305 | 8,491 | 7,798 | 7,634 | 9,083 | 11,369 | 9,155 | 9,534 | 10,946 |
| Other Income | 99 | 108 | 107 | 183 | 183 | 149 | 377 | 315 | 276 |
| Total Income | 6,404 | 8,598 | 7,904 | 7,817 | 9,266 | 11,518 | 9,532 | 9,849 | 11,222 |
| Cost of Goods Sold (COGS) | 3,966 | 5,686 | 5,245 | 4,875 | 5,337 | 6,943 | 5,815 | 6,095 | 7,461 |
| Gross Profit | 2,339 | 2,805 | 2,553 | 2,759 | 3,745 | 4,426 | 3,339 | 3,439 | 3,484 |
| +Operating Expenses | 1,774 | 2,056 | 2,236 | 2,188 | 2,426 | 2,838 | 2,826 | 2,807 | 2,694 |
| EBITDA | 565 | 749 | 317 | 571 | 1,319 | 1,588 | 513 | 632 | 790 |
| +Non-Operating Expenses | 171 | 187 | 289 | 221 | 190 | 200 | 195 | 202 | 216 |
| Profit Before Tax (PBT) | 493 | 669 | 141 | 535 | 1,315 | 1,543 | 695 | 744 | 850 |
| +Tax Expense | 121 | 174 | 28 | 105 | 411 | 277 | 140 | 165 | 188 |
| Profit After Tax (PAT) | 474 | 493 | 110 | 450 | 899 | 1,266 | 555 | 591 | 673 |
| Earnings Per Share (EPS) | 11.89 | 12.38 | 2.75 | 11.30 | 22.55 | 31.77 | 13.94 | 14.83 | 16.88 |
| Diluted Shares Outstanding (Nos.) | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| +Additional Disclosures | 10,193 | 13,233 | 12,548 | 14,134 | 15,011 | 16,022 | 15,173 | 14,191 | 17,499 |
| Sales Growth % | — | 34.67 | -8.16 | -2.10 | 18.98 | 25.17 | -19.47 | 4.14 | 14.81 |
| YoY Sales Growth % | — | 34.67 | -8.16 | -2.10 | 18.98 | 25.17 | -19.47 | 4.14 | 14.81 |
| Material Cost % | 51 | 50 | 46 | 52 | 54 | 51 | 52 | 52 | 55 |
| Employee Cost % | 8 | 6 | 9 | 9 | 7 | 6 | 9 | 9 | 7 |
| Other Cost % | 20 | 18 | 19 | 20 | 19 | 19 | 22 | 21 | 18 |
| OPM % | 9 | 9 | 4 | 7 | 15 | 14 | 6 | 7 | 7 |
| Tax % | 24 | 26 | 20 | 20 | 31 | 18 | 20 | 22 | 22 |
| Profit Growth % | — | 4.10 | -77.76 | 310.50 | 99.64 | 40.88 | -56.13 | 6.44 | 13.84 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 445 | 622 | 146 | 394 | 1,140 | 1,406 | 330 | 440 | 588 |
Gujarat State Fertilizers & Chemicals segment analysis: revenue and profit mix.
Disclosed business segments at Gujarat State Fertilizers & Chemicals with their share of revenue and profit, switchable between consolidated and standalone reporting.
Gujarat State Fertilizers & Chemicals discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Gujarat State Fertilizers & Chemicals Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Gujarat State Fertilizers & Chemicals Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Gujarat State Fertilizers & Chemicals Ltd's investment case rests on 7 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
GSFC boasts a remarkably low debt-to-equity ratio of 0.00, signifying a robust financial structure and minimal reliance on debt financing. This strong balance sheet provides financial flexibility and reduces the risk of financial distress, enhancing investor confidence.
The company's Price-to-Earnings (PE) ratio of 12.10 suggests potential undervaluation compared to its earnings. This, coupled with a 2.57% dividend yield, makes it an attractive prospect for investors seeking both capital appreciation and income.
Despite moderate ROE, GSFC exhibits impressive quarterly profit growth. The substantial 58.70% increase in quarterly profit variance signals significant improvement in profitability, hinting at strong future growth potential.
With a Price-to-Book Value of 0.64, significantly below its Book Value of 305.00, GSFC appears potentially undervalued, offering an attractive entry point for value-oriented investors.
Operating in the essential 'Fertilizers' industry, GSFC stands to benefit from increasing global food demand and agricultural productivity initiatives, driving sustained growth in its core market segments.
What can break it.
GSFC's Return on Equity (ROE) of 4.77% is relatively low compared to industry benchmarks, indicating potential inefficiencies in capital utilization. This suggests opportunities for improvement in operational efficiency and profitability to enhance shareholder returns.
While quarterly profits have shown impressive growth, the Return on Capital Employed (ROCE) of 6.18% remains moderate, significantly lower than peers like Coromandel (23.20%). This implies efficiency in generating profits from invested capital could be optimized.
GSFC's stock price has shown significant volatility, ranging from a 52-week high of 231.45 to a low of 158.30. This price fluctuation presents a risk for investors seeking stable returns and requires careful assessment of risk tolerance.
Foreign Institutional Investor (FII) holding has significantly declined from 26.38% in June 2022 to 12.29% in September 2025, potentially signaling reduced foreign investor confidence in the company's long-term prospects.
GSFC faces intense competition from peers like Coromandel and Chambal Fert, which boast significantly higher ROCE (23.20% and 26.76% respectively), indicating potential competitive pressure on market share and profitability.
What would change my mind.
Trim if P/E re-rates above 13. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Gujarat State Fertilizers & Chemicals Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Gujarat State Fertilizers & Chemicals Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Gujarat State Fertilizers & Chemicals Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Gujarat State Fertilizers & Chemicals Ltd — derived from the live tape, not yesterday's close.
Gujarat State Fertilizers & Chemicals Ltd last traded at ₹164.91 with an intraday range of ₹164.7–₹168.3 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹164.91| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 174.44 | +9.53 | +5.78% |
| R3 | 170.84 | +5.93 | +3.60% |
| R2 | 169.57 | +4.66 | +2.83% |
| R1 | 167.24 | +2.33 | +1.41% |
| PIVOT | 165.97 | 1.06 | 0.64% |
| CURRENT | 164.91 | — | — |
| S1 | 156.44 | -8.47 | -5.14% |
| S2 | 160.04 | -4.87 | -2.95% |
| S3 | 162.37 | -2.54 | -1.54% |
| S4 | 163.64 | -1.27 | -0.77% |
GSFC is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 166.96 ~ 168.3
Trading Above opening range, showing Bullishness
Gujarat State Fertilizers & Chemicals Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Gujarat State Fertilizers & Chemicals Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Gujarat State Fertilizers & Chemicals Ltd stood at 56.1% of traded volume, against a 20-day average of 47.3%.
Gujarat State Fertilizers & Chemicals announcements: results, concalls, ratings, M&A.
Filings Gujarat State Fertilizers & Chemicals sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Gujarat State Fertilizers & Chemicals files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 147 documents below.
Copy of Newspaper Publication
Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about Copy of Newspaper Publication
Updates
Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding 'Intimation regarding Second 100 Days Campaign Saksham Niveshak…
General Updates
Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about General Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about Transcript
Copy of Newspaper Publication
Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Press Release
Press Release
Press Release
Press Release
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Gujarat State Fertilizers & Chemicals dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Gujarat State Fertilizers & Chemicals has declared, sequenced by announce and record date.
Gujarat State Fertilizers & Chemicals corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Gujarat State Fertilizers & Chemicals Ltd: business, sector, key facts.
What Gujarat State Fertilizers & Chemicals Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Gujarat State Fertilizers & Chemicals Ltd operates in the Basic Materials, listed as NSE: GSFC, BSE: 500690.
Gujarat State Fertilizers & Chemicals Limited (GSFC) is a prominent Indian company primarily engaged in the manufacturing and sale of fertilizers and industrial chemicals. Its operations are broadly categorized into two segments: Fertilizer Products and Industrial Products. This dual focus allows the company to diversify its revenue streams and mitigate risks associated with fluctuations in demand for any single product line.
Within the Fertilizer Products segment, GSFC offers a wide array of products catering to diverse agricultural needs. These include major fertilizers like neem urea, di-ammonium phosphate (DAP), and various NPK blends, alongside supplementary products such as ammonium sulphate, muriate of potash, gypsum, and micronutrients. They also provide specialized offerings like water-soluble fertilizers, soil conditioners, and organic products, showcasing a commitment to comprehensive agricultural solutions.
The Industrial Products segment contributes significantly to GSFC's overall business. The company produces a diverse range of chemicals, including key intermediates for various industries. These include nylon-6, anhydrous ammonia, sulphuric acid, melamine, and cyclohexanone, among others. GSFC's industrial product portfolio also extends to gases like argon and specialized chemicals such as hydroxylamine sulphate crystal and melamine cyanurate. This segment underscores the company’s versatility and expertise in chemical manufacturing beyond agricultural applications.
Beyond its core manufacturing and sales, GSFC engages in several ancillary activities that support its primary business. This includes providing agro services like consulting and technical assistance to farmers, trading in agro-input products, managing port and logistics, and responsibly treating and supplying wastewater. These integrated services enhance the company's value proposition and contribute to its overall profitability and sustainability.
Established in 1962 and headquartered in Vadodara, India, GSFC boasts a long history of serving the Indian market. Its extensive product portfolio, combined with its ancillary services, positions it as a significant player in both the fertilizer and industrial chemical sectors within the country. The company’s continued diversification and focus on providing integrated solutions are key elements of its ongoing success.
Questions investors ask about Gujarat State Fertilizers & Chemicals Ltd (GSFC).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Gujarat State Fertilizers & Chemicals Ltd (GSFC)?
The current share price of Gujarat State Fertilizers & Chemicals Ltd (GSFC) is ₹164.91. Today, the stock has gained by ₹0.57 (0.35%), trading in a range of ₹164.7 to ₹168.3. The stock opened at ₹167.7 with a trading volume of 6,00,478 shares.
02Is Gujarat State Fertilizers & Chemicals Ltd stock a good investment for long-term?
Gujarat State Fertilizers & Chemicals Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹6,584.44 crores, P/E ratio of 9.75, ROE of 5.51%, and ROCE of 6.18%. The dividend yield stands at 3.04%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Gujarat State Fertilizers & Chemicals Ltd stock?
The 52-week high price of Gujarat State Fertilizers & Chemicals Ltd (GSFC) is ₹220.59, while the 52-week low is ₹138.83. Currently trading at ₹164.91, the stock is 31.9% away from its 52-week low and 25.2% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Gujarat State Fertilizers & Chemicals Ltd stock at the current price?
Whether to buy Gujarat State Fertilizers & Chemicals Ltd stock at ₹164.91 depends on multiple factors. The stock is currently trading with a P/E ratio of 9.75 and P/B ratio of 0.54. Today's performance shows a gain of 0.35%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Gujarat State Fertilizers & Chemicals Ltd and when is the next dividend?
Gujarat State Fertilizers & Chemicals Ltd offers a dividend yield of 3.04%, which means for every ₹100 invested at the current price of ₹164.91, you can expect to receive approximately ₹3.04 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Gujarat State Fertilizers & Chemicals Ltd?
Gujarat State Fertilizers & Chemicals Ltd's key financial metrics include: P/E Ratio: 9.75, P/B Ratio: 0.54, ROE: 5.51%, ROCE: 6.18%, Dividend Yield: 3.04%, EPS: ₹16.88, Book Value: ₹306.07, and Debt-to-Equity: 0.22. The company's market cap stands at ₹6,584.44 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Gujarat State Fertilizers & Chemicals Ltd stock performing today in the market?
Gujarat State Fertilizers & Chemicals Ltd stock opened at ₹167.7 and is currently trading at ₹164.91, showing a gain of ₹0.57 (0.35%). The intraday high is ₹168.3 and low is ₹164.7. The trading volume stands at 6,00,478 shares, indicating moderate market participation today.
08What is the P/E ratio of Gujarat State Fertilizers & Chemicals Ltd and what does it indicate?
Gujarat State Fertilizers & Chemicals Ltd has a Price-to-Earnings (P/E) ratio of 9.75, which means investors are willing to pay ₹9.75 for every ₹1 of earnings. With an EPS of ₹16.88, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Gujarat State Fertilizers & Chemicals Ltd (GSFC) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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