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← CockpitCompetitor Analysis › GSFC.NS Gujarat State Fertilizers & Chemicals LimitedOpen in the cockpit ↗

Gujarat State Fertilizers & Chemicals LimitedGSFC.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Chemicals: Agricultural
Momentum weak 21
Mkt cap
$588M
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$1.01M
20-day average traded
Fwd P/E
8.7×
forward earnings
ROIC−WACC
-15.1 pp
WACC 17.6%
Hurdle
+20 pp
Req g minus delivered
Next earnings
95 days
9 Feb 2027
Close · INR₹139.40
1D-1.5%
1W+4.6%
1M-6.9%
3M-14.2%
6M-21.6%
YTD-23.6%
1Y-27.8%
ATR %2.8%
Beta1.09
52w lowhigh30.1% off high

What Gujarat State Fertilizers & Chemicals does

Employees: 2,612

Gujarat State Fertilizers & Chemicals at a glance

Size Gujarat State Fertilizers & Chemicals (GSFC.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $588M, the 782nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹139.40 on 6 Nov 2026.

Performance Over six months the shares fell 21.6%, against -22.9% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 37.5% over the last twelve months (peer median +4.6%); the operating margin is 3.0% (peer median 3.7%).

Valuation It trades at 8.7× forward earnings against a peer median of 13.7× (2nd cheapest of 10).

Price implies For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +20 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 15.1 points below its cost of capital (17.6% WACC).

Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026GSFC.NS 79Peer median 78
Six months, rebased to 100: Gujarat State Fertilizers & Chemicals against the median of its 20 peers (local-currency closes).

Gujarat State Fertilizers & Chemicals financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹139B₹64.3B₹58.0B₹56.2B₹55.6B
Revenue growth—+11%+3%+1%—
Gross profit₹14.6B-₹33.2B-₹26.2B-₹27.3B-₹38.5B
EBITDA₹6.33B-₹36.9B-₹30.3B-₹29.2B-₹41.9B
Net income₹5.69B₹6.73B₹5.91B₹5.64B₹12.7B
Free cash flown/a₹734M-₹490M-₹2.92B₹8.94B
Capital expendituren/a₹3.08B₹3.80B₹2.40B₹1.42B
Total debt₹6.35B₹267M₹17.6M₹51.1M₹23.9M

Quarterly statements and history in the cockpit →

Gujarat State Fertilizers & Chemicals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%-10%0%RCF60333400255660079660022849970007130027491712603639002391LXU002734KRISHANA002538603395600227002470GSFC.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Gujarat State Fertilizers & Chemicals is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×20×30×00255600071300274917124996603639002391LXU002734GSFC.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Gujarat State Fertilizers & Chemicals is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%-10%0%10%20%002556600796499700071300274917124996600731LXU002734600227GSFC.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Gujarat State Fertilizers & Chemicals is the large dot.

Gujarat State Fertilizers & Chemicals competitors and peer comparison

How Gujarat State Fertilizers & Chemicals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Gujarat State Fertilizers & Chemicals against its 20 peers (data as of 6 Nov 2026)
MeasureGSFC.NSPeer medianRank in peer set
1-month return-6.9%-7.1%11th highest of 21
6-month return-21.6%-22.9%9th highest of 21
Distance from 52-week high-30.1%-34.6%7th highest of 21
Revenue growth (TTM)+37.5%+4.6%4th highest of 21
Operating margin3.0%3.7%9th lowest of 21
Forward P/E8.7×13.7×2nd cheapest of 10
Growth the price implies (Req g, 7 yrs)23.2%-1.2%most demanding of 12
Growth delivered (Del g)+3.2%+2.4%6th highest of 12
Hurdle (Req g minus delivered)+20.0 pp-2.2 ppmost demanding of 12
ROIC minus cost of capital-15.1 pp-1.8 pp2nd lowest of 21
Net debt / EBITDA-0.5×1.8×2nd least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Gujarat State Fertilizers & Chemicals GSFC.NSIndia$588M-22%+37%3%8.7×23.2%+3.2%
Rashtriya Chemicals & Fertilizers RCF.NSIndia$590M-23%+18%4%n/an/an/a
Suzhou Fengbei Biotech Stock 603334.SSChina$586M-44%+63%4%n/an/an/a
Anhui Huilong Agricultural Means of Production .Co 002556.SZChina$594M-31%0%1%19.0×8.7%-1.2%
Zhejiang Qianjiang Biochemical 600796.SSChina$629M-24%-2%11%n/a7.8%-2.0%
Jiangxi Fanli Digital Technology 600228.SSChina$539M+39%+140%-7%n/an/an/a
Nihon Nohyaku 4997.TJapan$522M+6%+7%10%n/a-7.1%+9.3%
Sdic Fengle Seed 000713.SZChina$664M-15%+10%2%37.0×12.2%+3.4%
Sichuan Guoguang Agrochemical 002749.SZChina$668M-24%-2%18%13.3×-8.5%+12.2%
Sinon 1712.TWTaiwan$514M-4%0%7%15.5×-4.3%+1.3%
Kumiai Chemical Industry 4996.TJapan$499M-17%+7%4%10.1×-8.5%+9.7%
Hailir Pesticides & Chemicals 603639.SSChina$463M-29%-9%1%6.1×n/an/a
Jiangsu Changqing Agrochemical 002391.SZChina$461M-28%-2%3%34.2×n/an/a
Hunan Haili Chemical Industry 600731.SSChina$459M-19%-24%11%n/a-5.8%-3.6%
LSB Industries LXUUnited States$763M-24%+13%11%13.7×-0.8%+11.9%
Limin 002734.SZChina$778M-37%-6%8%9.2×-1.2%+0.6%
Krishana Phoschem KRISHANA.NSIndia$781M+79%+73%11%n/an/an/a
Anhui Sierte Fertilizer Industry 002538.SZChina$794M-15%+9%3%n/an/an/a
CNSIG Anhui Hongsifang Fertilizer 603395.SSChina$798M-23%+3%0%n/an/an/a
Guizhou Chitianhua 600227.SSChina$803M-22%-2%-5%n/a10.3%+2.4%
Kingenta Ecological Engineering 002470.SZChina$827M-39%+9%-5%n/an/an/a

Questions

Which companies are Gujarat State Fertilizers & Chemicals's closest peers?
The cockpit's peer set: Rashtriya Chemicals & Fertilizers (RCF.NS), Suzhou Fengbei Biotech Stock (603334.SS), Anhui Huilong Agricultural Means of Production .Co (002556.SZ), Zhejiang Qianjiang Biochemical (600796.SS), Jiangxi Fanli Digital Technology (600228.SS), Nihon Nohyaku (4997.T), Sdic Fengle Seed (000713.SZ), Sichuan Guoguang Agrochemical (002749.SZ).
Is Gujarat State Fertilizers & Chemicals expensive compared with its peers?
On forward p/e it trades at 8.7× against a peer median of 13.7×, 2nd cheapest of 10 in its peer set. For today's price to make sense, revenue must grow about 23% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +20 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Gujarat State Fertilizers & Chemicals stock performed?
Over six months to 6 Nov 2026 the shares returned -21.6% against -22.9% for the median peer; over one year -27.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.