GUJ STATE FERT & CHEM LTD (GSFC) financials

GUJ STATE FERT & CHEM LTD (GSFC) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1962, Gujarat State Fertilizers & Chemicals Ltd is a public sector company promoted by the Government of Gujarat. It is engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres[1]

Market Cap: ₹5,932Cr.
Current Price: ₹149
Stock P/E: 8.82
ROE: 5.40%
ROCE: 7.06%
Book Value: ₹304
Dividend Yield: 3.36%
52W High / Low: ₹199/139

In Jun 2026, GUJ STATE FERT & CHEM LTD (GSFC) reported sales ₹3,581 Cr and net profit ₹161 Cr.

Annual TTM: sales ₹12,237 Cr, net profit ₹673 Cr.

Shareholding: Promoters 37.84% (Sep 2026), FIIs 12.51% (Sep 2026), DIIs 5.83% (Sep 2026), Government 5.65% (Sep 2026), Public 38.16% (Sep 2026).

GSFC quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	2,623	2,755	1,907	2,172	3,140	2,894	2,622	3,581
Expenses	2,334	2,606	1,833	1,971	2,806	2,717	2,552	3,343
Operating Profit	289	149	73	201	333	177	70	238
OPM %	11%	5%	3.9%	9%	11%	6%	2.7%	7%
Other Income	152	56	56	40	142	56	35	33
Interest	2	2	4	8	2	1	4	10
Depreciation	48	49	48	48	50	50	53	54
Profit before tax	391	153	77	186	424	181	48	207
Tax %	23%	22%	24%	25%	24%	13%	29%	22%
Net Profit	303	119	58	140	320	157	34	161
EPS in Rs	7.60	3.00	1.47	3.51	8.03	3.94	0.86	4.04
Raw PDF	—	—	—	—	—	—	—	—

GSFC profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,621	7,500	8,998	11,298	8,932	9,429	10,827	12,237
Expenses	7,314	6,950	7,685	9,680	8,449	8,796	10,046	11,419
Operating Profit	307	549	1,312	1,618	483	633	781	818
OPM %	4.0%	7%	15%	14%	5%	7%	7%	7%
Other Income	105	183	180	146	376	309	273	266
Interest	115	43	10	15	11	10	14	17
Depreciation	170	176	178	182	183	192	202	208
Profit before tax	127	513	1,305	1,568	664	740	838	860
Tax %	22%	19%	32%	18%	21%	23%	22%	—
Net Profit	99	418	891	1,293	524	573	652	673
EPS in Rs	2.48	10.48	22.36	32.45	13.16	14.38	16.35	16.87
Dividend Payout %	48%	21%	11%	31%	30%	35%	31%	—

GSFC balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	80	80	80	80	80	80	80	80
Reserves	7,188	6,718	9,064	11,589	11,884	12,531	11,925	12,032
Borrowings	1,069	1,559	37	6	2	5	2	27
Other Liabilities	2,015	1,667	1,838	2,301	1,807	2,264	2,189	2,045
Total Liabilities	10,351	10,024	11,019	13,975	13,773	14,880	14,195	14,183
Fixed Assets	2,813	2,895	2,798	2,674	2,574	2,544	2,500	3,327
CWIP	187	107	117	157	199	235	690	182
Investments	2,315	2,023	4,284	6,265	5,279	5,956	4,993	4,537
Other Assets	5,036	4,999	3,820	4,878	5,721	6,145	6,013	6,137
Total Assets	10,351	10,024	11,019	13,975	13,773	14,880	14,195	14,183

GSFC cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	507	-24	1,769	252	929	-272	74	146
Cash from Investing Activity	-279	-266	-24	-19	-40	105	-179	-39
Cash from Financing Activity	-242	267	-1,560	-125	-114	-403	-168	-184
Net Cash Flow	-13	-23	185	108	775	-570	-274	-78
Free Cash Flow	211	-325	1,723	157	787	-512	-298	-146
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	81%	10%	312%	36%	86%	-24%	24%	35%

GSFC shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	37.84%	37.84%	37.84%	37.84%	37.84%	37.84%	37.84%	37.84%
FIIs	11.81%	11.83%	11.64%	12.29%	11.90%	12.35%	12.36%	12.51%
DIIs	6.06%	7.48%	7.34%	7.81%	7.28%	7.30%	7.32%	5.83%
Government	5.65%	5.65%	5.65%	5.65%	5.65%	5.65%	5.65%	5.65%
Public	38.63%	37.21%	37.51%	36.40%	37.32%	36.83%	36.82%	38.16%
No. of Shareholders	3,38,495	3,28,857	3,24,259	3,13,329	3,09,604	3,03,830	2,98,987	2,94,555

GSFC key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	40	43	23	15	16	21	21	23
Inventory Days	90	90	69	90	62	78	85	88
Days Payable	63	29	37	53	31	48	40	33
Cash Conversion Cycle	68	104	55	51	47	50	67	78
Working Capital Days	88	99	108	116	92	84	94	155
ROCE %	9%	3%	6%	13%	13%	6%	6%	7%

GSFCUpdated 18 Oct 2026, 5:29

Guj State Fert & Chem Ltd

GSFCUpdated 18 Oct 2026, 5:29

Market Cap

₹5,932Cr.

Current Price

₹149

High / Low

₹199/139

Stock P/E

8.82

ROE5.40%

ROCE7.06%

Book Value₹304

Face Value₹2.00

Dividend Yield3.36%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	2032	2	1893	49	45	140	24	106	2.67
Sep 2023	3017	2	2802	195	46	362	21	285	7.15
Dec 2023	1943	1	1840	81	46	138	19	112	2.81
Mar 2024	1940	7	1915	52	46	23	10	21	0.53
Jun 2024	2144	2	2026	49	47	118	22	93	2.32
Sep 2024	2623	2	2334	152	48	391	23	303	7.6
Dec 2024	2755	2	2606	56	49	153	22	119	3
Mar 2025	1907	4	1833	56	48	77	24	58	1.47
Jun 2025	2172	8	1971	40	48	186	25	140	3.51
Sep 2025	3140	2	2806	142	50	424	24	320	8.03
Dec 2025	2894	1	2717	56	50	181	13	157	3.94
Mar 2026	2622	4	2552	35	53	48	29	34	0.86
Jun 2026	3581	10	3343	33	54	207	22	161	4.04

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	5311	18	4720	102	101	574	30	401	10.05
Mar 2016	6108	31	5453	65	97	593	31	409	10.27
Mar 2017	5265	65	4778	57	103	375	-12	420	10.53
Mar 2018	6271	51	5704	94	119	491	3	476	11.94
Mar 2019	8575	61	7827	105	126	665	26	494	12.39
Mar 2020	7621	115	7314	105	170	127	22	99	2.48
Mar 2021	7500	43	6950	183	176	513	19	418	10.48
Mar 2022	8998	10	7685	180	178	1305	32	891	22.36
Mar 2023	11298	15	9680	146	182	1568	18	1293	32.45
Mar 2024	8932	11	8449	376	183	664	21	524	13.16
Mar 2025	9429	10	8796	309	192	740	23	573	14.38
Mar 2026	10827	14	10046	273	202	838	22	652	16.35
TTM	12237	17	11419	266	208	860	—	673	16.87

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	37.84%
FIIs	12.51%
DIIs	5.83%
Government	5.65%
Public	38.16%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Dec 2023	37.84%	19.82%	3.65%	5.65%	33.04%
Mar 2024	37.84%	14.12%	4.55%	5.65%	37.84%
Jun 2024	37.84%	13.31%	4.9%	5.65%	38.3%
Sep 2024	37.84%	12.6%	5.87%	5.65%	38.05%
Dec 2024	37.84%	11.81%	6.06%	5.65%	38.63%
Mar 2025	37.84%	11.83%	7.48%	5.65%	37.21%
Jun 2025	37.84%	11.64%	7.34%	5.65%	37.51%
Sep 2025	37.84%	12.29%	7.81%	5.65%	36.4%
Dec 2025	37.84%	11.9%	7.28%	5.65%	37.32%
Mar 2026	37.84%	12.35%	7.3%	5.65%	36.83%
Jun 2026	37.84%	12.36%	7.32%	5.65%	36.82%
Sep 2026	37.84%	12.51%	5.83%	5.65%	38.16%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	80	4385	744	1244	6452	1958	260	858	3377	6452
Mar 2016	80	5426	1288	1543	8337	1653	403	1694	4587	8337
Mar 2017	80	6495	805	1648	9028	2019	272	2479	4259	9028
Mar 2018	80	7182	1093	1885	10240	2105	761	2740	4633	10240
Mar 2019	80	7188	1069	2015	10351	2813	187	2315	5036	10351
Mar 2020	80	6718	1559	1667	10024	2895	107	2023	4999	10024
Mar 2021	80	9064	37	1838	11019	2798	117	4284	3820	11019
Mar 2022	80	11589	6	2301	13975	2674	157	6265	4878	13975
Mar 2023	80	11884	2	1807	13773	2574	199	5279	5721	13773
Mar 2024	80	12531	5	2264	14880	2544	235	5956	6145	14880
Mar 2025	80	11925	2	2189	14195	2500	690	4993	6013	14195
Mar 2026	80	12032	27	2045	14183	3327	182	4537	6137	14183

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	258	-134	-155	-31
Mar 2016	-242	-170	410	-2
Mar 2017	907	-238	-656	13
Mar 2018	361	-488	133	7
Mar 2019	507	-279	-242	-13
Mar 2020	-24	-266	267	-23
Mar 2021	1769	-24	-1560	185
Mar 2022	252	-19	-125	108
Mar 2023	929	-40	-114	775
Mar 2024	-272	105	-403	-570
Mar 2025	74	-179	-168	-274
Mar 2026	146	-39	-184	-78

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	133	197	55	56	40	43	23	15	16	21	21	23
Inventory Days	70	56	82	74	90	90	69	90	62	78	85	88
Days Payable	39	54	70	75	63	29	37	53	31	48	40	33
Cash Conversion Cycle	164	199	67	55	68	104	55	51	47	50	67	78
Working Capital Days	96	109	129	105	88	99	108	116	92	84	94	155
ROCE %	12%	10%	6%	7%	9%	3%	6%	13%	13%	6%	6%	7%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GUJ STATE FERT & CHEM LTD (GSFC)?

The reported market capitalisation for GUJ STATE FERT & CHEM LTD (GSFC) is ₹5,932Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GSFC?

The current price shown for GUJ STATE FERT & CHEM LTD (GSFC) on Fincrux is ₹149 with a 52-week high/low of ₹199/139.

What is the P/E ratio of GUJ STATE FERT & CHEM LTD (GSFC)?

The stock P/E for GUJ STATE FERT & CHEM LTD (GSFC) is 8.82 on Fincrux, with ROE at 5.40% and ROCE at 7.06%.

What were GSFC latest quarterly results?

For Jun 2026, GUJ STATE FERT & CHEM LTD (GSFC) reported sales ₹3,581 Cr and net profit ₹161 Cr (figures in ₹ crore unless noted).

What are GSFC annual sales and net profit?

For TTM, GUJ STATE FERT & CHEM LTD (GSFC) shows sales of ₹12,237 Cr and net profit of ₹673 Cr on the Fincrux profit & loss statement.

Who owns GUJ STATE FERT & CHEM LTD (GSFC)?

Latest shareholding for GUJ STATE FERT & CHEM LTD (GSFC) on Fincrux: Promoters 37.84% (Sep 2026), FIIs 12.51% (Sep 2026), DIIs 5.83% (Sep 2026), Government 5.65% (Sep 2026), Public 38.16% (Sep 2026).

Where can I find GUJ STATE FERT & CHEM LTD (GSFC) financials?

GUJ STATE FERT & CHEM LTD (GSFC) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GSFC balance sheet and cash flow?

Yes. The GUJ STATE FERT & CHEM LTD (GSFC) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 5:29