Gujarat State Fertilizers & Chemicals Ltd (GSFC) stands as a prominent public sector enterprise championed by the Government of Gujarat. Established with a vision to contribute significantly to the agricultural and chemical sectors, GSFC has emerged as a key player in the industry. With a commitment to sustainable development and innovation, the company has carved a niche for itself.
In this article, we delve into the various facets of GSFC, exploring its history, contributions to the agricultural landscape, chemical manufacturing endeavors, and its ongoing efforts toward fostering economic growth and environmental stewardship. Join us as we unravel the comprehensive story of Gujarat State Fertilizers & Chemicals Ltd.
About Gujarat State Fertilizers & Chemicals
Established in 1962, Gujarat State Fertilizers & Chemicals Ltd (GSFC) has been a stalwart in the manufacturing sector, specializing in a diverse range of products. The company’s primary focus lies in the production of fertilizers, contributing to 77% of its portfolio, encompassing Urea, Ammonium Sulphate, Di-Ammonium Phosphate, and various NPK formulations. Complementing its fertilizer production, GSFC engages in the manufacturing of industrial products, constituting 23% of its offerings. These include Caprolactam, Nylon-6, Nylon Filament Yarn, Melamine, Methanol, and polymer products. Embracing the ‘Self-Reliant India’ initiative, GSFC recently launched four indigenously manufactured fertilizers like Calcium Nitrate and Liquid Boronated Calcium Nitrate, further planning to introduce 21 other products, previously imported.
GSFC’s manufacturing prowess is upheld by four units strategically located in Vadodara, Surat, and Jamnagar. In a significant move towards expanding its agro-product portfolio, the company commissioned a 22 MTPD Sulphur 90 Plant in December 2020. Concurrently, there has been a key management change, with Anil Mukim, IAS, assuming the role of Chairman and Mukesh Puri, IAS, appointed as the Managing Director in December 2020. These leadership changes mark a new chapter in GSFC’s journey, steering the company towards continued innovation and growth.
Below are the trading platforms that you can use to purchase GSFC shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 262.44 | 228.21 |
| July 2024 | 259.82 | 225.93 |
| August 2024 | 270.21 | 234.96 |
| September 2024 | 281.02 | 244.36 |
| October 2024 | 275.51 | 239.57 |
| November 2024 | 283.77 | 246.76 |
| December 2024 | 290.87 | 252.93 |
Throughout 2024, GSFC’s share price in the Indian market is expected to vary, with peaks reaching approximately ₹290.87 in December and lows around ₹225.93 in July, influenced by market dynamics and company performance.
| When | Maximum Price | Minimum Price |
| January 2025 | 296.68 | 228.22 |
| February 2025 | 304.29 | 234.07 |
| March 2025 | 316.16 | 243.20 |
| April 2025 | 309.96 | 238.43 |
| May 2025 | 300.93 | 231.49 |
| June 2025 | 314.47 | 241.90 |
| July 2025 | 308.31 | 237.16 |
| August 2025 | 317.84 | 244.49 |
| September 2025 | 328.97 | 253.05 |
| October 2025 | 337.52 | 259.63 |
| November 2025 | 345.96 | 266.12 |
| December 2025 | 354.61 | 272.77 |
In 2025, GSFC’s share prices in the Indian market are anticipated to fluctuate, with highs expected around ₹354.61 in December and lows near ₹228.22 in January, reflecting varying market conditions and the company’s financial performance throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 365.24 | 280.96 |
| February 2026 | 374.61 | 288.16 |
| March 2026 | 389.22 | 299.40 |
| April 2026 | 381.59 | 293.53 |
| May 2026 | 370.47 | 284.98 |
| June 2026 | 387.14 | 297.80 |
| July 2026 | 379.55 | 291.96 |
| August 2026 | 391.29 | 300.99 |
| September 2026 | 404.99 | 311.53 |
| October 2026 | 415.52 | 319.63 |
| November 2026 | 425.91 | 327.62 |
| December 2026 | 436.55 | 335.81 |
| When | Maximum Price | Minimum Price |
| January 2027 | 445.28 | 342.53 |
| February 2027 | 456.70 | 351.31 |
| March 2027 | 474.51 | 365.01 |
| April 2027 | 465.21 | 357.85 |
| May 2027 | 451.66 | 347.43 |
| June 2027 | 471.98 | 363.06 |
| July 2027 | 462.73 | 355.95 |
| August 2027 | 477.04 | 366.95 |
| September 2027 | 493.74 | 379.80 |
| October 2027 | 506.57 | 389.67 |
| November 2027 | 519.24 | 399.41 |
| December 2027 | 532.22 | 409.40 |
| When | Maximum Price | Minimum Price |
| January 2028 | 542.86 | 417.59 |
| February 2028 | 556.78 | 428.29 |
| March 2028 | 578.50 | 445.00 |
| April 2028 | 567.15 | 436.27 |
| May 2028 | 550.64 | 423.57 |
| June 2028 | 575.41 | 442.63 |
| July 2028 | 564.13 | 433.95 |
| August 2028 | 581.58 | 447.37 |
| September 2028 | 601.93 | 463.03 |
| October 2028 | 617.58 | 475.06 |
| November 2028 | 633.02 | 486.94 |
| December 2028 | 648.85 | 499.12 |
| When | Maximum Price | Minimum Price |
| January 2029 | 661.83 | 509.10 |
| February 2029 | 678.80 | 522.15 |
| March 2029 | 705.27 | 542.52 |
| April 2029 | 691.44 | 531.88 |
| May 2029 | 671.30 | 516.39 |
| June 2029 | 701.51 | 539.62 |
| July 2029 | 687.76 | 529.04 |
| August 2029 | 709.03 | 545.40 |
| September 2029 | 733.84 | 564.49 |
| October 2029 | 752.92 | 579.17 |
| November 2029 | 771.74 | 593.65 |
| December 2029 | 791.04 | 608.49 |
| When | Maximum Price | Minimum Price |
| January 2030 | 806.86 | 620.66 |
| February 2030 | 827.55 | 636.58 |
| March 2030 | 859.82 | 661.40 |
| April 2030 | 842.96 | 648.43 |
| May 2030 | 818.41 | 629.55 |
| June 2030 | 855.24 | 657.88 |
| July 2030 | 838.47 | 644.98 |
| August 2030 | 864.40 | 664.92 |
| September 2030 | 894.66 | 688.20 |
| October 2030 | 917.92 | 706.09 |
| November 2030 | 940.86 | 723.74 |
| December 2030 | 964.39 | 741.84 |
Gujarat State Fertilizers & Chemicals Financial Condition: Last 5 Years
| Financial Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 8,491 | 7,798 | 7,634 | 9,085 | 11,369 | 9,155 |
| Expenses (Rs. Crores) | 7,742 | 7,477 | 7,063 | 7,764 | 9,781 | 8,641 |
| Operating Profit (Rs. Crores) | 749 | 321 | 571 | 1,321 | 1,588 | 513 |
| Other Income (Rs. Crores) | 107 | 105 | 184 | 183 | 152 | 385 |
| Interest (Rs. Crores) | 61 | 115 | 43 | 10 | 15 | 11 |
| Depreciation (Rs. Crores) | 126 | 171 | 177 | 179 | 182 | 183 |
| Profit Before Tax (Rs. Crores) | 669 | 141 | 535 | 1,315 | 1,543 | 704 |
| Net Profit (Rs. Crores) | 493 | 110 | 450 | 899 | 1,266 | 564 |
| EPS (Rs.) | 12.38 | 2.75 | 11.30 | 22.55 | 31.77 | 14.15 |
| Dividend Payout (%) | 18% | 44% | 19% | 11% | 31% | 28% |
Over the last five years, Gujarat State Fertilizers & Chemicals (GSFC) has shown significant fluctuations in its financial performance. Sales figures fluctuated from a peak of ₹11,369 crores in 2023 to a low of ₹7,634 crores in 2021, reflecting market dynamics and economic conditions. Despite varying sales, operating profits varied considerably, reaching a high of ₹1,588 crores in 2023 and a low of ₹321 crores in 2020.
Net profits mirrored this volatility, with highs and lows corresponding closely to operating performance. EPS followed a similar pattern, peaking at ₹31.77 in 2023 and dipping to ₹2.75 in 2020. The dividend payout ratio ranged from 11% to 44%, reflecting GSFC’s approach to shareholder returns amidst fluctuating profitability
FAQs
What is the current market capitalization of Gujarat State Fertilizers & Chemicals Ltd?
As of June 24th, 2024, the market cap is quite strong, standing at ₹9,677 Crores.
GSFC’s shares are currently trading at ₹243 as of June 24th, 2024.
Looking ahead, the share price is expected to range between ₹228.22 to ₹354.61 by December 2025.
The long-term outlook is optimistic, with a projected range of ₹620.66 to ₹ 964.39 by December 2030.
What is the current Price-to-Earnings (PE) ratio of GSFC?
Currently, the stock’s PE ratio is at a reasonable 17.2.
How has GSFC’s sales growth been over the last five years?
GSFC has seen a commendable compounded sales growth rate of 13% over the past five years.
How has GSFC’s financial performance been in terms of profit growth?
Despite a slight dip in the trailing twelve months, GSFC has consistently exhibited robust profit growth with a compounded rate of 22% over the last five years.
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In conclusion, GSFC emerges as a stalwart in the chemical and agricultural sectors, underpinned by a steadfast commitment to sustainability and innovation. Established in 1962, GSFC has become a pivotal player, making significant contributions to the industry with its focus on fertilizers and diverse industrial products, aligning with the ‘Self-Reliant India’ initiative.
Benefiting from strategic units and recent leadership changes, GSFC is positioned for continuous growth, evident in the upward trajectory of its share price targets from 2024 to 2030 and a robust market capitalization of ₹7,987 Cr. Financially, GSFC showcases impressive sales growth, a commendable 22.1% profit CAGR, and a healthy 3.48% dividend yield, reflecting its prudent financial management and commitment to shareholder value.
Despite being nearly debt-free, trading below book value, and delivering solid financial performance, GSFC faces a challenge with a relatively low return on equity (ROE) of 8.50% over the last 3 years. Nonetheless, the company remains resilient, emphasizing sustained growth, innovation, and value creation for its shareholders.
What did we learn?
- 1 About Gujarat State Fertilizers & Chemicals
- 2 How to Buy Gujarat State Fertilizers & Chemicals Shares?
- 3 Gujarat State Fertilizers & Chemicals Share Price Target 2024 To 2030
- 4 Gujarat State Fertilizers & Chemicals Financial Condition: Last 5 Years
- 5 FAQs
- 5.1 What is the current market capitalization of Gujarat State Fertilizers & Chemicals Ltd?
- 5.2 What is the current share price of GSFC?
- 5.3 What is the share price target for GSFC in 2025?
- 5.4 What is the share price target for GSFC in 2030?
- 5.5 What is the current Price-to-Earnings (PE) ratio of GSFC?
- 5.6 How has GSFC’s sales growth been over the last five years?
- 5.7 How has GSFC’s financial performance been in terms of profit growth?
- 6 Conclusion: Navigating Growth Horizons with Gujarat State Fertilizers & Chemicals
