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Gujarat State Fertilizers & Chemicals Limited
(GSFC)
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Rating:66Neutral
Price Target:
₹183.00
▲(13.95% Upside)
Action:Reiterated
Date:05/26/26
The score is driven primarily by strong financial resilience from an extremely low-leverage balance sheet and improving revenue growth, offset by weak/volatile cash-flow generation and inconsistent operating profitability. Technical signals are mixed and not strongly supportive, while valuation is reasonably attractive with a moderate P/E and ~3% dividend yield.
Positive Factors
Very Low Leverage
An extremely conservative balance sheet reduces financial risk, supports resilience through fertilizer and chemical cycles, and preserves flexibility to fund operations or investment without meaningful debt-service pressure.
Negative Factors
Weak Cash Conversion
Low conversion of accounting earnings into cash can constrain reinvestment, dividends, and working-capital flexibility. Continued volatility would make internally funded growth less predictable despite the company’s strong balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
An extremely conservative balance sheet reduces financial risk, supports resilience through fertilizer and chemical cycles, and preserves flexibility to fund operations or investment without meaningful debt-service pressure.
Read all positive factors
Gujarat State Fertilizers & Chemicals Limited (GSFC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹63.90B
Dividend Yield3.09%
Average Volume (3M)54.02K
Price to Earnings (P/E)9.3
Beta (1Y)1.19
Revenue Growth29.18%
EPS Growth7.81%
CountryIN
Employees2,855
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)16.88
Shares Outstanding398,477,540
10 Day Avg. Volume54,536
30 Day Avg. Volume54,023
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)0.45
Price to Sales (P/S)0.51
P/FCF Ratio75.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.7
Revenue Forecast (FY)₹106.03B
Gujarat State Fertilizers & Chemicals Limited Business Overview & Revenue Model
Company Description
Gujarat State Fertilizers & Chemicals Limited (GSFC), founded in 1962 and headquartered in Vadodara, India, specializes in the production and distribution of a wide range of fertilizers and industrial chemicals throughout the Indian market. The co...
How the Company Makes Money
GSFC primarily makes money by manufacturing and selling (1) fertilizers to the agricultural sector and (2) industrial chemicals/intermediates to industrial customers. Fertilizer revenue is generated through sale volumes of products such as urea an...
Gujarat State Fertilizers & Chemicals Limited Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
92
Very Positive
Cash Flow
44
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 109.45B | 95.34B | 56.14B | 55.45B | 90.85B |
| Gross Profit | 16.22B | 34.39B | -3.73B | -15.43B | -17.19B |
| EBITDA | 10.80B | 9.47B | 8.93B | 17.40B | 15.05B |
| Net Income | 6.73B | 5.91B | 5.64B | 12.66B | 8.99B |
Balance Sheet | |||||
| Total Assets | 143.90B | 143.69B | 150.51B | 139.09B | 141.25B |
| Cash, Cash Equivalents and Short-Term Investments | 2.00B | 19.87B | 23.00B | 14.33B | 16.51B |
| Total Debt | 266.60M | 17.60M | 51.09M | 23.90M | 54.98M |
| Total Liabilities | 21.02B | 22.20B | 23.22B | 18.68B | 23.51B |
| Stockholders Equity | 122.66B | 121.38B | 127.27B | 120.40B | 117.72B |
Cash Flow | |||||
| Free Cash Flow | 734.20M | -2.96B | -5.08B | 7.82B | 1.42B |
| Operating Cash Flow | 3.81B | 834.80M | -2.68B | 9.24B | 2.37B |
| Investing Cash Flow | -3.00B | -1.72B | 1.06B | -393.66M | -181.38M |
| Financing Cash Flow | -1.75B | -1.59B | -4.03B | -1.14B | -1.26B |
Gujarat State Fertilizers & Chemicals Limited Technical Analysis
Positive
160.60
Price Trends
161.23
Positive
163.77
Negative
170.20
Negative
Market Momentum
-0.01
Negative
54.08
Neutral
37.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GSFC, the sentiment is Positive. The current price of 160.6 is above the 20-day moving average (MA) of 160.03, below the 50-day MA of 161.23, and below the 200-day MA of 170.20, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 54.08 is Neutral, neither overbought nor oversold. The STOCH value of 37.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GSFC.
Gujarat State Fertilizers & Chemicals Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹174.03B | 9.03 | ― | 2.28% | 15.58% | 10.17% | |
66 Neutral | ₹63.90B | 9.32 | ― | 3.11% | 29.18% | 7.81% | |
63 Neutral | ₹607.63B | 32.77 | ― | 0.56% | 23.50% | -18.96% | |
62 Neutral | ₹153.55B | 13.45 | ― | 0.74% | 54.29% | 14.04% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹66.86B | 14.71 | ― | 1.87% | 17.52% | 56.01% | |
50 Neutral | ₹34.47B | 9.43 | ― | 2.19% | 23.27% | 137.78% |
* General Sector Average
IN:GSFC
Gujarat State Fertilizers & Chemicals Limited
161.80
-53.20
-24.74%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
434.35
-115.35
-20.98%
IN:COROMANDEL
Coromandel International Limited
2,038.80
-368.16
-15.30%
IN:NFL
National Fertilizers Ltd.
70.11
-25.31
-26.52%
IN:PARADEEP
Paradeep Phosphates Ltd.
150.90
-62.82
-29.39%
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
119.05
-35.70
-23.07%
Gujarat State Fertilizers & Chemicals Limited Corporate Events
GSFC posts robust FY 2025-26 results with record Q4 sales and segment growth
May 22, 2026
Gujarat State Fertilizers Chemicals Limited reported strong financial results for FY 2025-26, with operating revenue rising 15% to Rs. 10,827 crore, operating EBITDA up 24% to Rs. 781 crore, and profit after tax increasing 14% to Rs. 652 crore. T...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.