About
Gujarat State Fertilizers & Chemicals Limited produces 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, muriate of potash, ammonium phosphate sulphate, gypsum, ammonium sulphate, APS, and micro mix. The company provides industrial products, such as caprolactam, nylon-6, anhydrous ammonia, cyclohexanone, sulphuric acid, technical grade urea, melamine, methyl ethyl ketoxime, hydroxylamine sulphate, cyclohexane, argon gas, and 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; plant growth promoters; 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.
Key Metrics
as of Sep 2026Market Cap6,493 Cr
P/E9.37
Div Yield3.07 %
Book Value₹308.00
52w High₹218.00
52w Low₹139.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,583.00 | 2,633.00 | 2,941.00 | 3,187.00 | 2,184.00 | 1,922.00 | 2,814.00 | 2,635.00 | 2,163.00 | 1,965.00 | 2,008.00 | 3,119.00 | 2,063.00 |
| Expenses | 3,350.00 | 2,550.00 | 2,763.00 | 2,851.00 | 1,992.00 | 1,842.00 | 2,656.00 | 2,352.00 | 2,053.00 | 1,939.00 | 1,900.00 | 2,881.00 | 1,921.00 |
| Operating Profit | 233.00 | 83.00 | 178.00 | 337.00 | 193.00 | 80.00 | 158.00 | 284.00 | 110.00 | 26.00 | 108.00 | 237.00 | 142.00 |
| OPM % | 6.00 | 3.20 | 6.00 | 11.00 | 9.00 | 4.20 | 6.00 | 11.00 | 5.00 | 1.30 | 5.00 | 8.00 | 7.00 |
| Other Income | 37.00 | 39.00 | 57.00 | 144.00 | 47.00 | 61.00 | 60.00 | 154.00 | 52.00 | 54.00 | 83.00 | 197.00 | 51.00 |
| Depreciation | 54.00 | 53.00 | 50.00 | 51.00 | 48.00 | 48.00 | 49.00 | 48.00 | 47.00 | 47.00 | 46.00 | 46.00 | 45.00 |
| Interest | 10.00 | 4.00 | 1.00 | 2.00 | 8.00 | 4.00 | 2.00 | 2.00 | 2.00 | 7.00 | 1.00 | 2.00 | 2.00 |
| Profit before tax | 205.00 | 65.00 | 183.00 | 428.00 | 184.00 | 89.00 | 168.00 | 387.00 | 113.00 | 26.00 | 144.00 | 387.00 | 146.00 |
| Tax % | 23.00 | 20.00 | 14.00 | 24.00 | 25.00 | 19.00 | 20.00 | 23.00 | 22.00 | 7.00 | 18.00 | 20.00 | 23.00 |
| Net Profit | 159.00 | 52.00 | 158.00 | 324.00 | 139.00 | 72.00 | 134.00 | 298.00 | 87.00 | 24.00 | 118.00 | 309.00 | 112.00 |
| EPS in Rs | 3.98 | 1.31 | 3.97 | 8.13 | 3.48 | 1.80 | 3.36 | 7.48 | 2.19 | 0.62 | 2.96 | 7.75 | 2.82 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10,946.00 | 9,534.00 | 9,155.00 | 11,369.00 | 9,085.00 | 7,634.00 | 7,798.00 | 8,491.00 | 6,266.00 | 5,265.00 | 6,108.00 | 5,311.00 |
| Expenses | 10,155.00 | 8,898.00 | 8,641.00 | 9,781.00 | 7,764.00 | 7,063.00 | 7,477.00 | 7,742.00 | 5,701.00 | 4,775.00 | 5,451.00 | 4,719.00 |
| Operating Profit | 790.00 | 636.00 | 514.00 | 1,588.00 | 1,321.00 | 571.00 | 321.00 | 749.00 | 565.00 | 489.00 | 657.00 | 592.00 |
| OPM % | 7.00 | 7.00 | 6.00 | 14.00 | 15.00 | 7.00 | 4.10 | 9.00 | 9.00 | 9.00 | 11.00 | 11.00 |
| Other Income | 287.00 | 323.00 | 385.00 | 152.00 | 183.00 | 184.00 | 105.00 | 107.00 | 99.00 | 61.00 | 65.00 | 101.00 |
| Interest | 14.00 | 10.00 | 11.00 | 15.00 | 10.00 | 43.00 | 115.00 | 61.00 | 51.00 | 65.00 | 31.00 | 18.00 |
| Depreciation | 202.00 | 192.00 | 183.00 | 182.00 | 179.00 | 177.00 | 171.00 | 126.00 | 119.00 | 104.00 | 97.00 | 101.00 |
| Profit before tax | 861.00 | 756.00 | 704.00 | 1,543.00 | 1,315.00 | 535.00 | 141.00 | 669.00 | 493.00 | 382.00 | 594.00 | 575.00 |
| Tax % | 22.00 | 22.00 | 20.00 | 18.00 | 32.00 | 16.00 | 22.00 | 26.00 | 4.00 | -11.00 | 31.00 | 30.00 |
| Net Profit | 673.00 | 591.00 | 564.00 | 1,266.00 | 899.00 | 450.00 | 110.00 | 493.00 | 474.00 | 424.00 | 416.00 | 409.00 |
| EPS in Rs | 16.88 | 14.83 | 14.16 | 31.77 | 22.55 | 11.30 | 2.75 | 12.38 | 11.89 | 10.65 | 10.44 | 10.28 |
| Dividend Payout % | 30.00 | 34.00 | 28.00 | 31.00 | 11.00 | 19.00 | 44.00 | 18.00 | 18.00 | 21.00 | 21.00 | 21.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 |
| Reserves | 12,187.00 | 12,059.00 | 12,647.00 | 11,960.00 | 11,693.00 | 9,160.00 | 6,782.00 | 7,241.00 | 7,224.00 | 6,539.00 | 5,465.00 | 4,426.00 |
| Borrowings | 27.00 | 2.00 | 5.00 | 2.00 | 6.00 | 37.00 | 1,559.00 | 1,069.00 | 1,093.00 | 805.00 | 1,288.00 | 744.00 |
| Other Liabilities | 2,096.00 | 2,229.00 | 2,319.00 | 1,867.00 | 2,347.00 | 1,887.00 | 1,702.00 | 2,074.00 | 1,918.00 | 1,666.00 | 1,558.00 | 1,250.00 |
| Total Liabilities | 14,390.00 | 14,369.00 | 15,051.00 | 13,909.00 | 14,125.00 | 11,164.00 | 10,123.00 | 10,464.00 | 10,315.00 | 9,091.00 | 8,390.00 | 6,500.00 |
| Fixed Assets | 3,331.00 | 2,504.00 | 2,549.00 | 2,580.00 | 2,680.00 | 2,804.00 | 2,902.00 | 2,821.00 | 2,108.00 | 2,022.00 | 1,656.00 | 1,958.00 |
| CWIP | 192.00 | 690.00 | 236.00 | 200.00 | 158.00 | 117.00 | 107.00 | 187.00 | 763.00 | 273.00 | 405.00 | 261.00 |
| Investments | 4,610.00 | 5,055.00 | 6,015.00 | 5,329.00 | 6,314.00 | 4,331.00 | 2,087.00 | 2,376.00 | 2,790.00 | 2,530.00 | 1,740.00 | 898.00 |
| Other Assets | 6,257.00 | 6,119.00 | 6,251.00 | 5,801.00 | 4,973.00 | 3,912.00 | 5,026.00 | 5,079.00 | 4,654.00 | 4,266.00 | 4,590.00 | 3,383.00 |
| Total Assets | 14,390.00 | 14,369.00 | 15,051.00 | 13,909.00 | 14,125.00 | 11,164.00 | 10,123.00 | 10,464.00 | 10,315.00 | 9,091.00 | 8,390.00 | 6,500.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 136.00 | 83.00 | -268.00 | 924.00 | 237.00 | 1,783.00 | -8.00 | 508.00 | 358.00 | 911.00 | -243.00 | 260.00 |
| Cash from Investing Activity | -46.00 | -172.00 | 106.00 | -39.00 | -18.00 | -23.00 | -266.00 | -281.00 | -484.00 | -238.00 | -173.00 | -134.00 |
| Cash from Financing Activity | -184.00 | -159.00 | -403.00 | -114.00 | -126.00 | -1,559.00 | 267.00 | -242.00 | 134.00 | -656.00 | 412.00 | -155.00 |
| Net Cash Flow | -94.00 | -247.00 | -566.00 | 770.00 | 92.00 | 201.00 | -7.00 | -15.00 | 7.00 | 17.00 | -4.00 | -30.00 |
| Free Cash Flow | -172.00 | -296.00 | -508.00 | 782.00 | 142.00 | 1,736.00 | -310.00 | 209.00 | -141.00 | 662.00 | -462.00 | 121.00 |
| CFO/OP % | 34.00 | 26.00 | -22.00 | 88.00 | 35.00 | 303.00 | 16.00 | 82.00 | 77.00 | 200.00 | -11.00 | 69.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 23.00 | 21.00 | 20.00 | 16.00 | 15.00 | 22.00 | 40.00 | 35.00 | 54.00 | 55.00 | 197.00 | 133.00 |
| Inventory Days | 92.00 | 89.00 | 82.00 | 70.00 | 95.00 | 75.00 | 96.00 | 106.00 | 80.00 | 82.00 | 56.00 | 71.00 |
| Days Payable | 34.00 | 40.00 | 50.00 | 34.00 | 55.00 | 40.00 | 30.00 | 67.00 | 76.00 | 70.00 | 54.00 | 39.00 |
| Cash Conversion Cycle | 81.00 | 69.00 | 52.00 | 52.00 | 55.00 | 57.00 | 105.00 | 74.00 | 58.00 | 67.00 | 199.00 | 164.00 |
| Working Capital Days | 154.00 | 93.00 | 84.00 | 92.00 | 116.00 | 106.00 | 96.00 | 88.00 | 105.00 | 129.00 | 102.00 | 96.00 |
| ROCE % | 7.00 | 6.00 | 6.00 | 13.00 | 13.00 | 6.00 | 3.00 | 9.00 | 7.00 | 6.00 | 10.00 | 12.00 |
Corporate Actions
25 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 08 Sep 2025 | 09 Sep 2025 | — | 5.00 | |
| Dividend | 09 Sep 2024 | 09 Sep 2024 | — | 4.00 | |
| Dividend | 07 Sep 2023 | — | — | 10.00 | |
| Dividend | 09 Sep 2022 | — | — | 2.50 | |
| Dividend | 08 Sep 2021 | — | — | 2.20 | |
| Dividend | 14 Sep 2020 | — | — | 1.20 | |
| Dividend | 09 Sep 2019 | — | — | 2.20 | |
| Dividend | 11 Sep 2018 | — | — | 2.20 | |
| Dividend | 31 Aug 2017 | — | — | 2.20 | |
| Dividend | 01 Sep 2016 | — | — | 2.20 | |
| Dividend | 31 Aug 2015 | — | — | 2.20 | |
| Dividend | 24 Jul 2014 | — | — | 2.00 | |
| Dividend | 18 Jul 2013 | — | — | 2.00 | |
| Split | 20 Sep 2012 | 22 Sep 2012 | 10:2 | — | |
| Dividend | 19 Jul 2012 | — | — | 7.50 | |
| Dividend | 30 Aug 2011 | — | — | 7.00 | |
| Dividend | 08 Sep 2010 | — | — | 4.50 | |
| Dividend | 10 Sep 2009 | — | — | 4.50 | |
| Other | 10 Sep 2009 | — | — | — | Dividend-Rs.4.50 Pr Share |
| Dividend | 04 Sep 2008 | — | — | 4.50 | NSE/BSE dividend mismatch: NSE=0.9; BSE=4.5 |
| Dividend | 04 Sep 2008 | — | — | 0.90 | NSE/BSE dividend mismatch: NSE=0.9; BSE=4.5 |
| Dividend | 06 Sep 2007 | — | — | 4.50 | NSE/BSE dividend mismatch: NSE=0.9; BSE=4.5 |
| Dividend | 06 Sep 2007 | — | — | 0.90 | NSE/BSE dividend mismatch: NSE=0.9; BSE=4.5 |
| Dividend | 07 Sep 2006 | — | — | 0.90 | |
| Dividend | 08 Sep 2005 | — | — | 0.30 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update3 Oct 2025 from care
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Rating update7 Oct 2024 from care
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Rating update9 Oct 2023 from care
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Rating update20 Dec 2022 from care
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Rating update27 Sep 2022 from care
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Rating update28 Sep 2021 from care