NSEI:GSFC

Stock Analysis Report

Gujarat State Fertilizers & Chemicals

Executive Summary

Gujarat State Fertilizers & Chemicals Limited manufactures and sells fertilizers and industrial products in India.

Snowflake

Fundamentals

Flawless balance sheet 6 star dividend payer.

Risks

  • Gujarat State Fertilizers & Chemicals is covered by less than 3 analysts.

Share Price & News

How has Gujarat State Fertilizers & Chemicals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

NSEI:GSFC

1.1%

IN Chemicals

-0.5%

IN Market


1 Year Return

-14.6%

NSEI:GSFC

2.2%

IN Chemicals

-2.4%

IN Market

GSFC underperformed the Chemicals industry which returned 2.2% over the past year.

GSFC underperformed the Market in India which returned -2.4% over the past year.


Share holder returns

GSFCIndustryMarket
7 Day-0.4%1.1%-0.5%
30 Day-7.3%-3.0%-2.0%
90 Day-16.5%-5.3%-4.8%
1 Year-12.9%-14.6%3.3%2.2%-0.5%-2.4%
3 Year25.0%17.3%42.1%38.0%28.0%21.3%
5 Year25.9%14.4%134.3%121.0%44.9%31.2%

Price Volatility Vs. Market

How volatile is Gujarat State Fertilizers & Chemicals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gujarat State Fertilizers & Chemicals undervalued based on future cash flows and its price relative to the stock market?

7.03x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Gujarat State Fertilizers & Chemicals to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Gujarat State Fertilizers & Chemicals to establish if it is available at substantial discount.


Price Based on Earnings

Gujarat State Fertilizers & Chemicals is good value based on earnings compared to the IN Chemicals industry average.

Gujarat State Fertilizers & Chemicals is good value based on earnings compared to the India market.


Price Based on Expected Growth

Gujarat State Fertilizers & Chemicals is poor value based on expected growth next year.


Price Based on Value of Assets

Gujarat State Fertilizers & Chemicals is good value based on assets compared to the IN Chemicals industry average.


Next Steps

Future Growth

How is Gujarat State Fertilizers & Chemicals expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Gujarat State Fertilizers & Chemicals's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).

Gujarat State Fertilizers & Chemicals's earnings are expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).

Gujarat State Fertilizers & Chemicals's revenue growth is positive but not above the India market average.

Gujarat State Fertilizers & Chemicals's earnings growth is positive but not above the India market average.

Gujarat State Fertilizers & Chemicals's earnings growth is positive but not above the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Gujarat State Fertilizers & Chemicals is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Gujarat State Fertilizers & Chemicals performed over the past 5 years?

6.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Gujarat State Fertilizers & Chemicals's year on year earnings growth rate has been positive over the past 5 years.

Gujarat State Fertilizers & Chemicals's 1-year earnings growth is less than its 5-year average (4.1% vs 6.1%)

Gujarat State Fertilizers & Chemicals's earnings growth has not exceeded the IN Chemicals industry average in the past year (4.1% vs 13.4%).


Return on Equity

Gujarat State Fertilizers & Chemicals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Gujarat State Fertilizers & Chemicals used its assets less efficiently than the IN Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

Gujarat State Fertilizers & Chemicals's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Gujarat State Fertilizers & Chemicals's financial position?


Financial Position Analysis

Gujarat State Fertilizers & Chemicals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Gujarat State Fertilizers & Chemicals's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Gujarat State Fertilizers & Chemicals's level of debt (13.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (18.7% vs 13.9% today).

Debt is well covered by operating cash flow (35.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 10.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4.5x debt.


Next Steps

Dividend

What is Gujarat State Fertilizers & Chemicals's current dividend yield, its reliability and sustainability?

2.53%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Gujarat State Fertilizers & Chemicals's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).

Gujarat State Fertilizers & Chemicals's dividend is above the markets top 25% of dividend payers in India (2.23%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (6.3x coverage).


Next Steps

Management

What is the CEO of Gujarat State Fertilizers & Chemicals's salary, the management and board of directors tenure and is there insider trading?

1.5yrs

Average management tenure


CEO

Sujit Gulati (60yo)

1.0yrs

Tenure

₹80,000

Compensation

Mr. Sujit Gulati, IAS, serves as Chairman at Gujarat Green Revolution Company Ltd. He is an Additional Chief Secretary of Energy and Petrochemicals Department at Government of Gujarat. Shri Gulati is havin ...


Management Age and Tenure

1.5yrs

Average Tenure

55yo

Average Age

The average tenure for the Gujarat State Fertilizers & Chemicals management team is less than 2 years, this suggests a new team.


Board Age and Tenure

9.0yrs

Average Tenure

60yo

Average Age

The tenure for the Gujarat State Fertilizers & Chemicals board of directors is about average.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Sujit Gulati (60yo)

    MD & Director

    • Tenure: 1.0yrs
    • Compensation: 80.00k
  • S. Purohit

    Vice President of Human Resources

    • Tenure: 1.5yrs
  • Vishvesh Vachhrajani (50yo)

    Company Secretary and Senior VP of Legal & GST

  • S. Bhatt

    Senior Vice President of Prod- Fertilizer Group & FM

  • V. Mishra

    Chief of Safety & Fire Service

  • B. Bhayani

    Senior Vice President of Project Execution

  • Sanjeev Varma (51yo)

    Senior Vice President of Finance & Projects

  • Ashok Jauhari

    Chief Zonal Head of Agriculture Business - South Zone

  • D. Shah (59yo)

    Senior Vice President of Operation

    • Tenure: 1.5yrs
  • Vishvesh Nanavaty (55yo)

    Executive Director of Finance & CFO

    • Tenure: 6.5yrs

Board Members

  • Divyabhash Anjaria (73yo)

    Independent Non-Executive Director

    • Tenure: 13.0yrs
    • Compensation: 110.00k
  • Vijai Kapoor (81yo)

    Independent Non-Executive Director

    • Tenure: 13.0yrs
    • Compensation: 80.00k
  • Vasant Gandhi (65yo)

    Independent Non-Executive Director

    • Tenure: 13.0yrs
    • Compensation: 150.00k
  • Sujit Gulati (60yo)

    MD & Director

    • Tenure: 3.0yrs
    • Compensation: 80.00k
  • Ajay Shah (53yo)

    Independent Non-Executive Director

    • Tenure: 13.0yrs
    • Compensation: 20.00k
  • Arvind Agarwal (59yo)

    Non-Executive Director

    • Tenure: 1.1yrs
  • Jagdip Singh (60yo)

    Chairman

    • Tenure: 2.9yrs
    • Compensation: 50.00k
  • Geeta Goradia

    Independent Non-Executive Woman Director

    • Tenure: 4.9yrs
    • Compensation: 60.00k

Company Information

Gujarat State Fertilizers & Chemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gujarat State Fertilizers & Chemicals Limited
  • Ticker: GSFC
  • Exchange: NSEI
  • Founded: 1962
  • Industry: fertilizers and agricultural chemicals
  • Sector: materials
  • Market Cap: ₹34.668b
  • Shares outstanding: 398.48m
  • Website: Click here

Number of Employees


Location

  • Gujarat State Fertilizers & Chemicals Limited
  • P. O. Fertilizernagar
  • Vadodara District
  • Vadodara
  • Gujarat
  • 391750
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500690BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 1995
GSFCNSEI (National Stock Exchange of India)YesEquity SharesININRJul 1995

Biography

Gujarat State Fertilizers & Chemicals Limited manufactures and sells fertilizers and industrial products in India. The company offers industrial products, such as anhydrous ammonia, argon gas, caprolactam, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/19 12:47
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.