Gujarat State Fertilizers & Chemicals Ltd

Q1 FY27Fertilizers & Agrochemicals

Gujarat State Fertilizers & Chemicals Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹156

Market cap₹6.2K Cr

P/E9.0

Updated15 Sept 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueRank 3

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

GSFC has budgeted fertilizer sales of more than 22 lakh metric tons for FY '27. GSFC targets over 22 lakh metric tons fertilizer sales for FY '27, supported by improved monsoon and strong rabi season demand.

From Gujarat State Fertilizers & Chemicals Ltd's Q1 FY27 earnings-call transcript · updated 15 Sept 2026.

Revenue & Sales Performance

Rank 3

GSFC has budgeted fertilizer sales of more than 22 lakh metric tons for FY '27.
Good monsoon rains starting July 2026 are expected to improve demand for fertilizers, especially for the rabi season.
Demand for fertilizers is anticipated to be strong, supported by crop cycles and government focus.
The company expects improvement in both domestic and export demand for melamine and stable demand for other industrial products.
Despite raw material price inflation, GSFC plans to optimize product portfolio and strengthen operational efficiencies.
New projects including APS capacity enhancement, phosphoric acid and sulfuric acid projects at Sikka are expected to support long-term growth.
BCG initiatives have led to quarterly benefits of INR 20-25 crores, with an expectation of increasing benefits.
The company sees no demand problem but challenges with cost pressures, particularly in fertilizers linked to sulfur prices.

Profitability & Margins

GSFC targets over 22 lakh metric tons fertilizer sales for FY '27, supported by improved monsoon and strong rabi season demand.
Profit after tax increased by 15% YoY in Q1 FY27, signaling positive growth trajectory.
Industrial Products segment achieved 15% sales growth and more than fourfold EBIT increase, expected to sustain stability.
Elevated raw material costs (sulfur, phosphoric acid) may pressure fertilizer margins, but government subsidies and special packages provide support.
Caprolactam-benzene spread expected to stay stable to soft, impacting margins mildly in near term.
New capex projects like APS capacity enhancement, phosphoric and sulfuric acid plants at Sikka expected to strengthen integrated operations.
Continuous operational optimizations with BCG consultancy expected to improve efficiency and yield INR20-25 crores quarterly benefits.
No buyback planned; focus on project execution to deliver long-term shareholder value.
Overall earnings anticipated to grow with strategic product portfolio optimization and market demand recovery.

See what Gujarat State Fertilizers & Chemicals Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

GSFC is focusing on project execution rather than buyback schemes currently.
Strategic capex initiatives include:
- APS (Ammonium Phosphate Sulfate) capacity enhancement project.
- Phosphoric acid and sulfuric acid projects at Sikka for integrated operations.
- Train modification at Sikka unit to enable flexible production between APS and DAP.
Plans for new integrated complex at Dahej, encompassing both fertilizer and industrial products.
Continued studies with BCG for process improvements and energy efficiency measures, subject to Board approval.
Focus on producing products not currently made in India to support import substitution and Atmanirbhar Bharat goals.
Investment expected to enhance long-term growth and profitability, with details on new projects to be disclosed after technology and financial models are finalized (expected within next quarter).

Top-ranked in Fertilizers & Agrochemicals

Ranked on what management guided this quarter

5x potential

1Anya Polytech &₹180 Cr

Rev 2Mar 1

2Dharmaj Crop Guard Ltd₹911 Cr

Rev 2Mar 2

3₹5.6K Cr

Rev 2Mar 3

4₹1.3K Cr

Rev 3Mar 1

5₹56.9K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

Currently, GSFC Limited has no long-term debt and maintains a strong balance sheet with healthy liquidity (Page 4).
There is no mention of any ongoing or planned equity fundraising or debt issuance in the transcript.
The company is focusing on project execution and strategic capex initiatives, such as the APS capacity enhancement and phosphoric acid and sulfuric acid projects at Sikka (Pages 3, 6, 10).
For funding, the company appears to rely on internal accruals and government support in the form of timely subsidy release to maintain working capital (Pages 3, 9).
Management emphasized no existing buyback schemes or plans related to equity (Page 11).
No explicit statements indicate intention for fresh debt or equity fundraising in the near future.

See what Gujarat State Fertilizers & Chemicals Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript from the Gujarat State Fertilizers & Chemicals Limited Q1 FY27 Earnings Conference Call does not explicitly mention the current or expected order book or pending orders. However, some relevant points indicate the company's outlook and production plans: - The company has budgeted fertilizer sales of more than 22 lakh metric tons for FY27, indicating demand outlook. - There is strong demand expected for the coming rabi season, with government support needed to alleviate raw material availability constraints. - The company is executing multiple capex projects, including APS capacity enhancement and phosphoric & sulfuric acid projects at Sikka, suggesting ongoing and future production commitments. - The company strategically carries inventory to avoid fertilizer scarcity during peak seasons. - No specific numeric data on pending orders or order book is disclosed in the transcript. Hence, while demand and production outlook are positive, explicit order book details are not provided.

Gujarat State Fertilizers & Chemicals Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.6K Cr, net profit ₹52 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Gujarat State Fertilizers & Chemicals Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Gujarat State Fertilizers & Chemicals Ltd Q1 FY27 results?

What is Gujarat State Fertilizers & Chemicals Ltd share price analysis?

Gujarat State Fertilizers & Chemicals Ltd currently shows a below-average growth signal. The stock trades at a P/E of 9.0 with a market cap of ₹6,214 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gujarat State Fertilizers & Chemicals Ltd planning capital expenditure?

GSFC is focusing on project execution rather than buyback schemes currently.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.