Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gujarat State Fertilizers & Chemicals Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,384 | 2,063 | 3,119 | 2,008 | 1,965 | 2,163 | 2,635 | 2,814 | 1,922 | 2,184 | 3,187 | 2,941 | 2,633 |
| Expenses + | 2,058 | 1,921 | 2,881 | 1,900 | 1,939 | 2,053 | 2,352 | 2,656 | 1,842 | 1,992 | 2,851 | 2,763 | 2,550 |
| Operating Profit | 326 | 142 | 237 | 108 | 26 | 110 | 284 | 158 | 80 | 193 | 337 | 178 | 83 |
| OPM % | 14% | 7% | 8% | 5% | 1% | 5% | 11% | 6% | 4% | 9% | 11% | 6% | 3% |
| Other Income + | 28 | 51 | 197 | 83 | 54 | 52 | 154 | 60 | 61 | 47 | 144 | 57 | 39 |
| Interest | 3 | 2 | 2 | 1 | 7 | 2 | 2 | 2 | 4 | 8 | 2 | 1 | 4 |
| Depreciation | 45 | 45 | 46 | 46 | 47 | 47 | 48 | 49 | 48 | 48 | 51 | 50 | 53 |
| Profit before tax | 305 | 146 | 387 | 144 | 26 | 113 | 387 | 168 | 89 | 184 | 428 | 183 | 65 |
| Tax % | 26% | 23% | 20% | 18% | 7% | 22% | 23% | 20% | 19% | 25% | 24% | 14% | 20% |
| Net Profit + | 225 | 112 | 309 | 118 | 24 | 87 | 298 | 134 | 72 | 139 | 324 | 158 | 52 |
| EPS in Rs | 5.64 | 2.82 | 7.75 | 2.96 | 0.62 | 2.19 | 7.48 | 3.36 | 1.80 | 3.48 | 8.13 | 3.97 | 1.31 |
Financials of Gujarat State Fertilizers & Chemicals Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 5,311 | 6,108 | 5,265 | 6,266 | 8,491 | 7,798 | 7,634 | 9,085 | 11,369 | 9,155 | 9,534 | 10,946 |
| Expenses + | 4,719 | 5,451 | 4,775 | 5,701 | 7,742 | 7,477 | 7,063 | 7,764 | 9,781 | 8,641 | 8,898 | 10,155 |
| Operating Profit | 592 | 657 | 489 | 565 | 749 | 321 | 571 | 1,321 | 1,588 | 514 | 636 | 790 |
| OPM % | 11% | 11% | 9% | 9% | 9% | 4% | 7% | 15% | 14% | 6% | 7% | 7% |
| Other Income + | 101 | 65 | 61 | 99 | 107 | 105 | 184 | 183 | 152 | 385 | 323 | 287 |
| Interest | 18 | 31 | 65 | 51 | 61 | 115 | 43 | 10 | 15 | 11 | 10 | 14 |
| Depreciation | 101 | 97 | 104 | 119 | 126 | 171 | 177 | 179 | 182 | 183 | 192 | 202 |
| Profit before tax | 575 | 594 | 382 | 493 | 669 | 141 | 535 | 1,315 | 1,543 | 704 | 756 | 861 |
| Tax % | 30% | 31% | -11% | 4% | 26% | 22% | 16% | 32% | 18% | 20% | 22% | 22% |
| Net Profit + | 409 | 416 | 424 | 474 | 493 | 110 | 450 | 899 | 1,266 | 564 | 591 | 673 |
| EPS in Rs | 10.28 | 10.44 | 10.65 | 11.89 | 12.38 | 2.75 | 11.30 | 22.55 | 31.77 | 14.16 | 14.83 | 16.88 |
| Dividend Payout % | 21% | 21% | 21% | 18% | 18% | 44% | 19% | 11% | 31% | 28% | 34% | 30% |
Financials of Gujarat State Fertilizers & Chemicals Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 |
| Reserves | 4,426 | 5,465 | 6,539 | 7,224 | 7,241 | 6,782 | 9,160 | 11,693 | 11,960 | 12,647 | 12,059 | 12,187 |
| Borrowings + | 744 | 1,288 | 805 | 1,093 | 1,069 | 1,559 | 37 | 6 | 2 | 5 | 2 | 27 |
| Other Liabilities + | 1,250 | 1,558 | 1,666 | 1,918 | 2,074 | 1,702 | 1,887 | 2,347 | 1,867 | 2,319 | 2,229 | 2,096 |
| Total Liabilities | 6,500 | 8,390 | 9,091 | 10,315 | 10,464 | 10,123 | 11,164 | 14,125 | 13,909 | 15,051 | 14,369 | 14,390 |
| Fixed Assets + | 1,958 | 1,656 | 2,022 | 2,108 | 2,821 | 2,902 | 2,804 | 2,680 | 2,580 | 2,549 | 2,504 | 3,331 |
| CWIP | 261 | 405 | 273 | 763 | 187 | 107 | 117 | 158 | 200 | 236 | 690 | 192 |
| Investments | 898 | 1,740 | 2,530 | 2,790 | 2,376 | 2,087 | 4,331 | 6,314 | 5,329 | 6,015 | 5,055 | 4,610 |
| Other Assets + | 3,383 | 4,590 | 4,266 | 4,654 | 5,079 | 5,026 | 3,912 | 4,973 | 5,801 | 6,251 | 6,119 | 6,257 |
| Total Assets | 6,500 | 8,390 | 9,091 | 10,315 | 10,464 | 10,123 | 11,164 | 14,125 | 13,909 | 15,051 | 14,369 | 14,390 |
Financials of Gujarat State Fertilizers & Chemicals Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 260 | -243 | 911 | 358 | 508 | -8 | 1,783 | 237 | 924 | -268 | 83 | 136 |
| Cash from Investing Activity + | -134 | -173 | -238 | -484 | -281 | -266 | -23 | -18 | -39 | 106 | -172 | -46 |
| Cash from Financing Activity + | -155 | 412 | -656 | 134 | -242 | 267 | -1,559 | -126 | -114 | -403 | -159 | -184 |
| Net Cash Flow | -30 | -4 | 17 | 7 | -15 | -7 | 201 | 92 | 770 | -566 | -247 | -94 |
| Free Cash Flow | 121 | -462 | 662 | -141 | 209 | -310 | 1,736 | 142 | 782 | -508 | -296 | -172 |
| CFO/OP | 69% | -11% | 200% | 77% | 82% | 16% | 303% | 35% | 88% | -22% | 26% | 34% |
Financials of Gujarat State Fertilizers & Chemicals Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 133 | 197 | 55 | 54 | 35 | 40 | 22 | 15 | 16 | 20 | 21 | 23 |
| Inventory Days | 71 | 56 | 82 | 80 | 106 | 96 | 75 | 95 | 70 | 82 | 89 | 92 |
| Days Payable | 39 | 54 | 70 | 76 | 67 | 30 | 40 | 55 | 34 | 50 | 40 | 34 |
| Cash Conversion Cycle | 164 | 199 | 67 | 58 | 74 | 105 | 57 | 55 | 52 | 52 | 69 | 81 |
| Working Capital Days | 96 | 102 | 129 | 105 | 88 | 96 | 106 | 116 | 92 | 84 | 93 | 154 |
| ROCE % | 12% | 10% | 6% | 7% | 9% | 3% | 6% | 13% | 13% | 6% | 6% | 7% |