Gujarat State Fertilizers & Chemicals Ltd Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Fertilizers & Agrochemicals | Market Cap: ₹6.5K Cr
FY '25 manufacturing volumes were 1.6 million tons, a 15% YoY growth. GSFC expects volume growth or stable volumes in FY '26, leveraging increased capacity utilization at the Sikka unit (60%-70%) and secured phosphoric acid supplies.
From Gujarat State Fertilizers & Chemicals Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹158
Market Cap
₹6.5K Cr
P/E Ratio
9.6
How does Gujarat State Fertilizers & Chemicals Ltd rank in Fertilizers & Agrochemicals?
Compare Gujarat State Fertilizers & Chemicals Ltd against every Fertilizers & Agrochemicals company this quarter on revenue, margins and earnings-call signals.
Gujarat State Fertilizers & Chemicals Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.6K Cr, net profit ₹52 Cr.
Full financials →📊 Revenue & Sales Performance
- →FY '25 manufacturing volumes were 1.6 million tons, a 15% YoY growth.
- →For FY '26, volumes expected to remain stable or improve due to:
- → - Utilization of Sikka unit capacity increasing from current 60-70%.
- → - Availability of Phosphoric Acid stock and competitive pricing from foreign suppliers.
- → - Government support and policy interventions ensuring stable raw material supply.
- →Target sales of approximately 4.5 lakh metric tons (450,000 tons) in Q1 FY '26.
- →Optimistic fertilizer segment outlook supported by favorable monsoon and revised Nutrition Based Subsidy (NBS) rates increasing support for DAP and NPK fertilizers by ~17%-26%.
- →Industrial product segment to benefit from HX crystal II plant operating at full capacity and higher Ammonia trading volumes.
- →Overall, company aims to maintain or improve revenue and sales volumes in FY '26 aligned with government policies and market conditions.
📈 Profitability & Margins
- →GSFC expects volume growth or stable volumes in FY '26, leveraging increased capacity utilization at the Sikka unit (60%-70%) and secured phosphoric acid supplies.
- →Improved profitability in the industrial products (IP) segment is anticipated with full-scale operations of the HX crystal plant and higher ammonia trading volumes.
- →Fertilizer EBITDA per metric ton is projected around Rs. 3,000 for FY '26, supported by government compensation and better operational efficiencies.
- →Sulphuric Acid plant commissioning in H1 FY '26 will boost supply and profitability through outside sales at strong prices.
- →Caprolactam-Benzene spread is expected to remain supportive albeit volatile; ongoing industrial products expansion will strengthen margins.
- →The company's strong balance sheet, long-term debt-free status, and CAPEX on projects such as solar power and plant revamps provide a solid foundation for growth.
- →Overall, the company maintains an optimistic outlook for sustained earnings growth supported by production scale-up, product mix optimization, and policy support.
🏗️ Capital Expenditure Plans
- →The Company is advancing its CAPEX plans aligned with strategic growth.
- →Recently commissioned a 15 MW solar power project at Charanka Patan.
- →Urea-II revamping project operating at full capacity, commissioning expected by end of May 2025.
- →Phase-1 of GIPCL 75 MW solar power project (25 MW) commissioned; Phase-2 expected by May 31, 2025.
- →Once fully operational, GIPCL project projected to save approximately Rs. 30 crores annually by replacing grid power with economical power.
- →Sulphuric Acid V project and Phosphoric Acid-Sulphuric Acid (PA-SA) projects scheduled for commissioning in the first half of FY 2026.
- →Capital expenditure of around Rs. 600 crores planned over next 6 months (including Rs. 453 crores for Urea and Rs. 300 crores for SA V).
💰 Fundraising & Capital Structure
- →There is no specific mention of any current or future fundraising through debt or equity in the transcript.
- →The company maintains a long-term debt-free capital structure, indicating no reliance on debt currently.
- →Focus is on capitalizing CAPEX projects with planned spending of around Rs. 600 crores in the next 6 months.
- →The company emphasizes a robust financial position with sufficient liquidity and net worth to fund CAPEX internally.
- →Any decision related to buyback or similar equity actions would be a board call but currently not feasible due to ongoing CAPEX commitments.
- →No explicit plans or announcements regarding raising funds through debt or equity were disclosed during the call.
📋 Order Book & Pipeline
- →The company is targeting sales of approximately 4.5 lakh metric tons in Q1 of Financial Year 2025-26.
- →Utilization of Sikka unit capacity is currently around 60%-70%, with expectations to improve further due to availability and competitive pricing of Phosphoric Acid from foreign suppliers.
- →Production volumes for FY '26 are expected to remain the same or improve compared to FY '25, where manufacturing volumes were 1.6 million tons, a 15% year-on-year growth.
- →The company continues to align its production and import strategies to maintain market continuity amid raw material and global supply challenges.
Key Metrics
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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 Q4 FY25 results?
FY '25 manufacturing volumes were 1.6 million tons, a 15% YoY growth. GSFC expects volume growth or stable volumes in FY '26, leveraging increased capacity utilization at the Sikka unit (60%-70%) and secured phosphoric acid supplies.
What is Gujarat State Fertilizers & Chemicals Ltd share price analysis?
Gujarat State Fertilizers & Chemicals Ltd currently shows a neutral. The stock trades at a P/E of 9.6 with a market cap of ₹6,464 Cr. Investors should review the full earnings analysis for detailed insights.
Is Gujarat State Fertilizers & Chemicals Ltd planning capital expenditure?
The Company is advancing its CAPEX plans aligned with strategic growth. - Recently commissioned a 15 MW solar power project at Charanka Patan. - Urea-II revamping project operating at full capacity, commissioning expected by end of May 2025. - Phase-1 of GIPCL 75 MW solar power project (25 MW) commissioned; Phase-2 expected by May 31, 2025. - Once fully operational, GIPCL project projected to save approximately Rs.
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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.