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GSFC - Gujarat State Fertilizers & Chem.Ltd Share Price

Fertilizers & Agrochemicals

203.39-2.97(-1.44%)
Market Closed as of Aug 6, 2025, 15:30 IST

Valuation

Market Cap8.01 kCr
Price/Earnings (Trailing)13.45
Price/Sales (Trailing)0.81
EV/EBITDA8.1
Price/Free Cashflow-27.06
MarketCap/EBT10.65
Enterprise Value7.73 kCr

Fundamentals

Revenue (TTM)9.85 kCr
Rev. Growth (Yr)-1.9%
Earnings (TTM)591.16 Cr
Earnings Growth (Yr)216%

Profitability

Operating Margin8%
EBT Margin8%
Return on Equity4.87%
Return on Assets4.11%
Free Cashflow Yield-3.7%

Price to Sales Ratio

Latest reported: 1

Revenue (Last 12 mths)

Latest reported: 1 kCr

Net Income (Last 12 mths)

Latest reported: 591 Cr

Growth & Returns

Price Change 1W-0.30%
Price Change 1M-1%
Price Change 6M-0.80%
Price Change 1Y-13.9%
3Y Cumulative Return8.7%
5Y Cumulative Return27.3%
7Y Cumulative Return8.8%
10Y Cumulative Return10.4%

Cash Flow & Liquidity

Cash Flow from Investing (TTM)-171.65 Cr
Cash Flow from Operations (TTM)83.48 Cr
Cash Flow from Financing (TTM)-158.67 Cr
Cash & Equivalents285.45 Cr
Free Cash Flow (TTM)-296.06 Cr
Free Cash Flow/Share (TTM)-7.43

Balance Sheet

Total Assets14.37 kCr
Total Liabilities2.22 kCr
Shareholder Equity12.15 kCr
Current Assets5.65 kCr
Current Liabilities1.3 kCr
Net PPE2.5 kCr
Inventory1.48 kCr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage73.54
Interest/Cashflow Ops9.27

Dividend & Shareholder Returns

Dividend/Share (TTM)4
Dividend Yield1.98%
Shares Dilution (1Y)0.00%
Shares Dilution (3Y)0.00%

Risk & Volatility

Max Drawdown-31.7%
Drawdown Prob. (30d, 5Y)48.85%
Risk Level (5Y)48.1%
Pros

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Smart Money: Smart money has been increasing their position in the stock.

Balance Sheet: Strong Balance Sheet.

Size: Market Cap wise it is among the top 20% companies of india.

Cons

Past Returns: In past three years, the stock has provided 8.7% return compared to 14.6% by NIFTY 50.

Momentum: Stock has a weak negative price momentum.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield1.98%
Dividend/Share (TTM)4
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)14.95

Financial Health

Current Ratio4.34
Debt/Equity0.00

Technical Indicators

RSI (14d)38.26
RSI (5d)47.04
RSI (21d)51.08
MACD SignalSell
Stochastic Oscillator SignalHold
Grufity SignalSell
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

Summary of Latest Earnings Report from Gujarat State Fertilizers & Chem.

Summary of Gujarat State Fertilizers & Chem.'s latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Last updated:

Outlook by Management:
GSFC anticipates sustained fertilizer demand driven by favorable monsoon conditions and improved Kharif prospects. Fertilizer margins remain under pressure due to reduced subsidies (-13% YoY) and elevated raw material costs (benzene, natural gas). However, prompt subsidy disbursements support liquidity. The company is optimizing product mix (prioritizing APS/NPK over DAP due to negative DAP margins) to enhance profitability. Industrial products face challenges from Chinese dumping, but new initiatives like HX Crystal production (value-added caprolactam derivative) and cost optimization (importing cheaper Anone) aim to improve margins.

Key Points:

  1. Financial Performance: Q1 FY25 PAT rose to Rs.93 Cr (vs. Rs.21 Cr in Q4 FY24) due to fertilizer volume growth (30% YoY) and better product mix.
  2. Fertilizer Segment: Sales hit Rs.2,144 Cr (second-highest Q1 in 15 years). DAP margins negative (-Rs.42 Cr impact in Q1); APS/NKP margins at Rs.2,000-2,500/ton.
  3. Raw Materials: Phosphoric acid prices steady at $850/ton; ammonia costs reduced, but benzene/NG prices rose.
  4. Projects: Sulphuric acid plant, HX Crystal (commissioning by FY25 end), and urea revamping (capacity: 800→1,123 TPD) to drive efficiency and FY26 margins.
  5. Industrial Products: Capro-benzene spreads fell to $582/ton (vs. $730 YoY). Loss of Rs.4 Cr in Q1; recovery expected via HX Crystal and cost measures.
  6. Subsidy & Policy: Awaiting potential DAP subsidy hike to offset negative margins. Urea penalties (energy inefficiency) may ease post-revamping.

(Characters: 1,838)

Last updated:

Question 1:
"In the last interaction...whether those discounts of INR2,000 per ton, which we have offered last quarter was withdrawn...and over and above that, that INR15 increase in the subsidy would have helped us...was the improved performance because of some benefits...natural gas converting to ammonia?"
Answer:
Subsidy increases for APS were minimal. Discounts on ammonium sulphate softened slightly due to revised MRP and lean seasonality. Natural gas costs rose 6% YoY but were offset by urea subsidy pass-through. Ammonia production at Sikka relies on imports, with gas prices at INR45/SM3 in Q1.

Question 2:
"What broad range of per ton margins we should work with...for ammonium sulphate, DAP, NPK, and urea?"
Answer:
Average fertilizer margins: INR2,000"“2,500/ton, but DAP margins are negative. Urea margins are lower due to energy penalties and fixed costs.

Question 3:
"When will our phosphoric acid production ramp up...dependency on imports reduce? Would DAP volumes/margins improve?"
Answer:
Phosphoric acid self-sufficiency at Sikka will take 2"“3 years. Baroda unit already uses in-house phosphoric acid. DAP margins may turn positive if subsidies increase, but current contributions remain negative.

Question 4:
"How are DAP inventory accumulation and NBS subsidy revisions impacting margins? What is DAP's negative impact on Q1?"
Answer:
DAP production continues despite negative margins (INR42 crore dent in Q1) due to anticipated subsidy hikes. Current DAP sales prioritize farmer needs and government pressure; breakeven is expected if subsidies rise by INR3,500/ton.

Question 5:
"What is the capex and timeline for HX Crystal, sulphuric acid, and urea projects? Impact on margins?"
Answer:
INR1,000 crore allocated for HX Crystal, sulphuric acid, urea revamp, and solar projects in FY25. HX Crystal (commissioned by FY25 end) will boost IP margins via value-added products. Urea revamp will cut energy use and raise capacity by 323 TPD, improving profitability.

Question 6:
"What is the outlook for industrial chemicals amid Chinese dumping? Capro-benzene breakeven levels?"
Answer:
IP segment faces pressure from cheap Chinese imports. Capro-benzene spread needs ~$700/ton to breakeven (currently $582). Mitigation includes importing cheaper raw materials (Anone) and diversifying into HX Crystal (higher margins).

Question 7:
"Post-urea revamp, what energy efficiency gains and margin improvements are expected?"
Answer:
Revamp will reduce energy use from 6.5"“6.6 Gcal/ton to 5.9 Gcal/ton, aligning with government norms. Capacity rises to 1,123 TPD, adding INR30+ crore annual profit. Current urea margins remain low due to legacy inefficiencies.

Revenue Breakdown

Analysis of Gujarat State Fertilizers & Chem.'s financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.

Last Updated: Mar 31, 2025

DescriptionShareValue
FERTILIZER PRODUCTS72.8%1.4 kCr
INDUSTRIAL PRODUCTS27.2%523.1 Cr
Total1.9 kCr

Share Holdings

Understand Gujarat State Fertilizers & Chem. ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Share Holding Details

Shareholder NameHolding %
GUJARAT STATE INVETMENTS LIMITED37.84%
QUANT MUTUAL FUND - QUANT SMALL CAP FUND3.43%
Gujarat Narmada Valley Fertilizers Company Limited1.88%
Gujarat Alkalies And Chemicals Limited1.88%
ICICI PRUDENTIAL SMALL CAP FUND1.37%
Gujarat Mineral Development Corporation Ltd1.25%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Is Gujarat State Fertilizers & Chem. Better than it's peers?

Detailed comparison of Gujarat State Fertilizers & Chem. against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.

Ticker
Name
Mkt Cap
Revenue
Price %, 1M
Returns, 1Y
P/E
P/S
Rev 1-Yr
Inc 1-Yr
COROMANDELCoromandel International72.02 kCr26.79 kCr+3.70%+50.20%31.82.69--
CHAMBLFERTChambal Fertilisers & Chemicals21.56 kCr16.86 kCr-4.00%+10.40%13.071.28--
DEEPAKFERTDeepak Fertilizers &Petrochemicals19.36 kCr10.36 kCr-4.50%+80.90%20.741.87--
RCFRashtriya Chemicals & Fertilizers8.44 kCr17.1 kCr-3.20%-27.00%34.760.49--
NFLNational Fertilizers4.85 kCr19.88 kCr-2.10%-31.50%26.370.24--

Sector Comparison: GSFC vs Fertilizers & Agrochemicals

Comprehensive comparison against sector averages

Comparative Metrics

GSFC metrics compared to Fertilizers

CategoryGSFCFertilizers
PE13.4521.91
PS0.811.42
Growth3.3 %2 %
0% metrics above sector average

Performance Comparison

GSFC vs Fertilizers (2021 - 2025)

Although GSFC is underperforming relative to the broader Fertilizers sector, it has achieved a 13.9% year-over-year increase.

Key Insights
  • 1. GSFC is among the Top 10 Fertilizers companies but not in Top 5.
  • 2. The company holds a market share of 6.1% in Fertilizers.
  • 3. In last one year, the company has had an above average growth that other Fertilizers companies.

Income Statement for Gujarat State Fertilizers & Chem.

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Balance Sheet for Gujarat State Fertilizers & Chem.

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

Cash Flow for Gujarat State Fertilizers & Chem.

Consolidated figures (in Rs. Crores) /
Standalone figures (in Rs. Crores) /

What does Gujarat State Fertilizers & Chem.Ltd do?

Gujarat State Fertilizers & Chemicals Limited manufactures and sells fertilizers and chemicals in India. The company operates in two segments, Fertilizer Products and Industrial Products. It offers fertilizers, including neem urea, di-ammonium phosphate, boronated NPK, ammonium phosphate sulphate, ammonium sulphate, APS, muriate of potash, gypsum, and micro mix. The company provides industrial products, such as v, nylon-6, anhydrous ammonia, cyclohexanone, sulphuric acid, technical grade urea, melamine, methyl ethyl ketoxime, hydroxylamine sulphate crystal, cyclohexane, argon gas, oleum, as well as methanol, nitric acid, ammonium sulphate, anone-anol mixture, melamine cyanurate, and potassium dihydrogen phosphate. In addition, the company offers water soluble fertilizers; sulphur based products; plant tissue culture products; micro nutrients; soil conditioners; organic products; and seeds. Further, it is involved in the provision of agro services; trading of agro input products; provision of port and logistics related services; and treatment and supply of waste water. The company was incorporated in 1962 and is based in Vadodara, India.

Industry Group:Fertilizers & Agrochemicals
Employees:2,855
Website:www.gsfclimited.com