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Gujarat State Fertilizers & Chemicals Q1 FY27 Share Price & Earnings Call Analysis

₹136.88+0.34% today
Market cap
₹5,469 Cr
P/E
7.89
ROE
5.51%
PEG
-0.41
Price to sales
0.44
Debt to equity
0.00
52W high / low
₹197 / ₹135
Sales growth (5Y)
7.47%
EBITDA margin
6.72%
Net profit margin
6.15%
Promoter holding
37.84%
Sales (last year)
₹12,344 Cr

Incorporated in 1962, Gujarat State Fertilizers & Chemicals Ltd is a public sector company promoted by the Government of Gujarat. It is engaged in manufacturing of various fertilizers and industrial products like plastics & synthetic rubbers and man-made fibres [1]

Guidance scorecard · Q1 FY27 call

What Gujarat State Fertilizers & Chemicals Ltd's management guided
and where it ranks in Fertilizers & Agrochemicals

#10of 23 in
Fertilizers & Agrochemicals
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • 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.

2 more points from Gujarat State Fertilizers & Chemicals Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

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

Full Q1 FY27 analysis

CapexQ1 FY27 call

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

2 more points from Gujarat State Fertilizers & Chemicals Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

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

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Gujarat State Fertilizers & Chemicals Ltd said on the order book →

Full Q1 FY27 analysis
Full Fertilizers & Agrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3
See all potential multibaggersWhere does Gujarat State Fertilizers & Chemicals Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹209 Cr25.1
2Dharmaj Crop20–40%Up 0–2%₹882 Cr14.7
3M B Agro Prod.20–40%Flat₹7,668 Cr49.5
420–40%Flat₹6,453 Cr32.8
510–20%Up 2%+₹1,226 Cr18.3
610–20%Flat₹51,882 Cr27.8

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Pro shows every company guiding 40%+ revenue growth →Full Fertilizers & Agrochemicals ranking

Financials of Gujarat State Fertilizers & Chemicals Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Gujarat State Fertilizers & Chemicals Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,3842,0633,1192,0081,9652,1632,6352,8141,9222,1843,1872,9412,633
Expenses +2,0581,9212,8811,9001,9392,0532,3522,6561,8421,9922,8512,7632,550
Operating Profit326142237108261102841588019333717883
OPM %14%7%8%5%1%5%11%6%4%9%11%6%3%
Other Income +28511978354521546061471445739
Interest3221722248214
Depreciation45454646474748494848515053
Profit before tax305146387144261133871688918442818365
Tax %26%23%20%18%7%22%23%20%19%25%24%14%20%
Net Profit +22511230911824872981347213932415852
EPS in Rs5.642.827.752.960.622.197.483.361.803.488.133.971.31

Financials of Gujarat State Fertilizers & Chemicals Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +5,3116,1085,2656,2668,4917,7987,6349,08511,3699,1559,53410,946
Expenses +4,7195,4514,7755,7017,7427,4777,0637,7649,7818,6418,89810,155
Operating Profit5926574895657493215711,3211,588514636790
OPM %11%11%9%9%9%4%7%15%14%6%7%7%
Other Income +101656199107105184183152385323287
Interest1831655161115431015111014
Depreciation10197104119126171177179182183192202
Profit before tax5755943824936691415351,3151,543704756861
Tax %30%31%-11%4%26%22%16%32%18%20%22%22%
Net Profit +4094164244744931104508991,266564591673
EPS in Rs10.2810.4410.6511.8912.382.7511.3022.5531.7714.1614.8316.88
Dividend Payout %21%21%21%18%18%44%19%11%31%28%34%30%

Financials of Gujarat State Fertilizers & Chemicals Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital808080808080808080808080
Reserves4,4265,4656,5397,2247,2416,7829,16011,69311,96012,64712,05912,187
Borrowings +7441,2888051,0931,0691,55937625227
Other Liabilities +1,2501,5581,6661,9182,0741,7021,8872,3471,8672,3192,2292,096
Total Liabilities6,5008,3909,09110,31510,46410,12311,16414,12513,90915,05114,36914,390
Fixed Assets +1,9581,6562,0222,1082,8212,9022,8042,6802,5802,5492,5043,331
CWIP261405273763187107117158200236690192
Investments8981,7402,5302,7902,3762,0874,3316,3145,3296,0155,0554,610
Other Assets +3,3834,5904,2664,6545,0795,0263,9124,9735,8016,2516,1196,257
Total Assets6,5008,3909,09110,31510,46410,12311,16414,12513,90915,05114,36914,390

Financials of Gujarat State Fertilizers & Chemicals Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +260-243911358508-81,783237924-26883136
Cash from Investing Activity +-134-173-238-484-281-266-23-18-39106-172-46
Cash from Financing Activity +-155412-656134-242267-1,559-126-114-403-159-184
Net Cash Flow-30-4177-15-720192770-566-247-94
Free Cash Flow121-462662-141209-3101,736142782-508-296-172
CFO/OP69%-11%200%77%82%16%303%35%88%-22%26%34%

Financials of Gujarat State Fertilizers & Chemicals Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days13319755543540221516202123
Inventory Days7156828010696759570828992
Days Payable395470766730405534504034
Cash Conversion Cycle164199675874105575552526981
Working Capital Days961021291058896106116928493154
ROCE %12%10%6%7%9%3%6%13%13%6%6%7%

Guidance history

How Gujarat State Fertilizers & Chemicals Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−29.6%23%
Last 6 months−19.7%19%
Last 3 months−14.0%30%

The price is 57% below its all-time high of ₹318.1 (20 Jan 2024). Stocks more than 20% below their peak have their score halved, so 23 became 11.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gujarat State Fertilizers & Chemicals Ltd: 0.4 × 23 + 0.4 × 19 + 0.2 × 30 = 23, halved to 11 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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

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