Gujarat State Fertilizers & Chemicals Limited (IN:GSFC)
:GSFC
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Gujarat State Fertilizers & Chemicals Limited
(GSFC)
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Rating:66Neutral
Price Target:
₹183.00
▼(-0.08% Downside)
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 / strong balance sheet
Extremely low leverage provides durable financial flexibility and downside protection. Over the next 2–6 months this supports capacity for counter-cyclical investment, stable access to credit if needed, and lower refinancing and interest-rate risk versus peers, improving resilience through commodity cycles.
Negative Factors
Weak and volatile cash generation
Low cash conversion and swingy free cash flow constrain the firm's ability to fund capex, sustain dividends, or repay obligations without tapping reserves or issuing equity. Over several months this reduces flexibility for strategic investments and increases sensitivity to working capital or commodity-driven cash swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Extremely low leverage provides durable financial flexibility and downside protection. Over the next 2–6 months this supports capacity for counter-cyclical investment, stable access to credit if needed, and lower refinancing and interest-rate risk versus peers, improving resilience through commodity cycles.
Read all positive factors
Gujarat State Fertilizers & Chemicals Limited (GSFC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.34B
Dividend Yield2.8%
Average Volume (3M)54.02K
Price to Earnings (P/E)9.7
Beta (1Y)1.13
Revenue Growth14.81%
EPS Growth13.77%
CountryIN
Employees2,855
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)16.77
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 manufactures and sells fertilizers and industrial products in India. The company offers industrial products, such as anhydrous ammonia, argon gas, caprolactam, melamine, methanol, methyl ethyl ketoxime...
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.08B | 109.45B | 95.34B | 56.14B | 55.45B | 90.85B |
| Gross Profit | 34.45B | 16.22B | 34.39B | -3.73B | -15.43B | -17.19B |
| EBITDA | 10.71B | 7.90B | 9.47B | 8.93B | 17.40B | 15.05B |
| Net Income | 6.68B | 6.73B | 5.91B | 5.64B | 12.66B | 8.99B |
Balance Sheet | ||||||
| Total Assets | 147.69B | 143.90B | 143.69B | 150.51B | 139.09B | 141.25B |
| Cash, Cash Equivalents and Short-Term Investments | 15.64B | 14.01B | 19.87B | 23.00B | 14.33B | 16.51B |
| Total Debt | 13.90M | 266.60M | 17.60M | 51.09M | 23.90M | 54.98M |
| Total Liabilities | 22.93B | 21.02B | 22.20B | 23.22B | 18.68B | 23.51B |
| Stockholders Equity | 124.65B | 122.66B | 121.38B | 127.27B | 120.40B | 117.72B |
Cash Flow | ||||||
| Free Cash Flow | 2.23B | 734.20M | -2.96B | -5.08B | 7.82B | 1.42B |
| Operating Cash Flow | 4.51B | 3.81B | 834.80M | -2.68B | 9.24B | 2.37B |
| Investing Cash Flow | -121.30M | -3.00B | -1.72B | 1.06B | -393.66M | -181.38M |
| Financing Cash Flow | -2.04B | -1.75B | -1.59B | -4.03B | -1.14B | -1.26B |
Gujarat State Fertilizers & Chemicals Limited Technical Analysis
Negative
183.15
Price Trends
165.27
Negative
169.56
Negative
181.80
Negative
Market Momentum
-0.05
Positive
39.65
Neutral
21.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GSFC, the sentiment is Negative. The current price of 183.15 is above the 20-day moving average (MA) of 171.61, above the 50-day MA of 165.27, and above the 200-day MA of 181.80, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 21.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GSFC.
Gujarat State Fertilizers & Chemicals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹75.79B | 9.17 | ― | 3.68% | -1.51% | 35.32% | |
66 Neutral | ₹67.34B | 9.72 | ― | 2.80% | 14.81% | 13.77% | |
63 Neutral | ₹12.28B | 19.81 | ― | 0.24% | 14.36% | 64.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ₹73.10B | 16.60 | ― | 0.93% | 9.13% | 76.20% | |
50 Neutral | ₹38.30B | 17.62 | ― | 1.77% | 8.69% | 14.98% |
* Basic Materials Sector Average
IN:GSFC
Gujarat State Fertilizers & Chemicals Limited
163.50
-36.20
-18.13%
IN:GNFC
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
504.60
-12.64
-2.44%
IN:NFL
National Fertilizers Ltd.
76.04
-20.88
-21.54%
IN:PUNJABCHEM
Punjab Chemicals & Crop Protection Ltd.
1,037.35
-145.21
-12.28%
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
128.60
-18.58
-12.62%
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.