NSE: GSFC · BSE: 500690 · ISIN INE026A01025
Gujarat State Fertilizers & Chemicals Limited stock analysis
Gujarat State Fertilizers & Chemicals Limited ranks #2981 in the TickerSutra evidence-ranked universe with a score of 43/100 and 95% data confidence. The latest captured fundamentals show ROCE of 7.2%, quarterly sales growth of 64.0% and quarterly profit growth of 14.4%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0×
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹9,085cr | ₹1,321cr | ₹899cr | 15.0% |
| 2023 | ₹11,369cr | ₹1,588cr | ₹1,266cr | 14.0% |
| 2024 | ₹9,155cr | ₹514cr | ₹564cr | 6.0% |
| 2025 | ₹9,534cr | ₹636cr | ₹591cr | 7.0% |
| 2026 | ₹10,946cr | ₹790cr | ₹673cr | 7.0% |
| TTM | ₹12,344cr | ₹830cr | ₹693cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 28, 2026
RoutineGujarat State Fertilizers & Chemicals Ltd - 500690 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 28 Sept 2026We are enclosing herewith the proceedings of the 64th AGM of the company.
RoutineGujarat State Fertilizers & Chemicals Ltd - 500690 - Closure of Trading WindowBSE · 23 Sept 2026please find the intimation regarding closure of trading window for the purpose of declaration of unaudited financial results for the quarter and half year ended on 30th September 2026
RoutineGujarat State Fertilizers & Chemicals Ltd - 500690 - Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseBSE · 23 Sept 2026press release regarding launch of new products
RoutinePress ReleaseNSE · 23 Sept 2026Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding a press release dated September 23, 2026, titled "press release regarding launch of new products".
MANAGEMENT COMMENTARY
Signals from filed documents
Against this backdrop, the Company achieved its highest- ever annual sales volumes of Technical Grade Urea, Nylon and HX Crystal. The Company also recorded its highest-ever export volumes of Melamine and HX Crystal, thereby further strengthening its presence in international markets. The performance was supported by a focused product strategy, optimized product mix and increased emphasis on products and markets offer
To address these challenges and ensure adequate availability of DAP, the Government introduced additional financial support and price protection measures for imported as well as domestically produced DAP. During the second half of FY 2025-26, NBS rates for Phosphorus (P) and Sulphur (S) were also enhanced by around 10% to partially offset the increase in raw material costs. The NBS framework was further extended to i
of society by drawing positive educational, health and women empowerment initiatives through CSR Projects. Operating Revenue Operating EBITDA Profit Before Tax Fertilizer production Fertilizer sales volume (including traded products) ₹10,827 Cr ₹781 Cr ₹838 Cr 17.56 lakh MT 22.31 lakh MT Year at a glance 15% 24% 13% Y-o-Y growth Y-o-Y growth Y-o-Y growth Profit After Tax ₹652 Cr 14% Y-o-Y growth Annual Report 2025-26
Indian Fertilizer Industry Performance The Indian fertilizer industry operated in a generally supportive demand environment during FY 2025-26, aided by favourable monsoon conditions, remunerative MSPs and stable Maximum Retail Prices (MRPs) for major fertilizers. At the same time, sustained increases in international prices of finished fertilizers and key raw materials, including ammonia, phosphoric acid and sulphur,
At the same time, we increased our focus on green chemistry, resource efficiency and more sustainable operating practices. We undertook capacity expansion across our Fertiliser and Industrial Products businesses. Automation and Industry 4.0 practices gained greater prominence across our operations.
It can also improve storage, bulk transportation and uniform field application. Further process optimisation, quality improvement and scale-up studies are planned to establish parameters for commercial production. Ammonium Phosphate Sulphate Trials were undertaken to improve the flowability, storage performance and visual consistency of Ammonium Phosphate Sulphate.
ii The details of difference between amount of the valuation done at the time of one time Settlement and the valuation done while taking loan from the Banks or Financial Institutions There is no such instance of one-time settlement or valuation was done while taking or discharging loan from the Banks/ Financial Institutions occurred during the year. Acknowledgements Your Directors take this opportunity to express its
Sale limits are established for each customer and reviewed quarterly. Any sales exceeding those limits require approval from the Board of Directors. Goods are sold subject to retention of title clauses, so that in the event of non-payment the Company may have a secured claim.
So the declared su bsidy will expire in the September and with effect from 1st October, new subsidy dates w ill be announced by the government. So we are hoping that considering the raw material price increase, there must be s o m e i n c r e a s e i n t h e s u b s i d y . S o t h a t w i l l s o l v e a l o t o f p r o b lems for the NPK grade manufacturers.
Reviewing, with the Management, the quarterly financial statements before submission to the Board for approval. Reviewing, with the Management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilised for purposes other than those stated in the offer document/ prospectus/ notice and the Report submitted by the monitori
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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