Gujarat State Fertilizers & Chemicals Limited (GSFC) - Net Assets
Based on the latest financial reports, Gujarat State Fertilizers & Chemicals Limited (GSFC) has net assets worth Rs124.76 Billion INR (≈ $1.35 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs147.69 Billion ≈ $1.60 Billion USD) and total liabilities (Rs22.93 Billion ≈ $247.97 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore GSFC cash generation efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs124.76 Billion |
| % of Total Assets | 84.47% |
| Annual Growth Rate | 11.96% |
| 5-Year Change | 31.45% |
| 10-Year Change | 119.11% |
| Growth Volatility | 16.41 |
Gujarat State Fertilizers & Chemicals Limited - Net Assets Trend (2002–2025)
This chart illustrates how Gujarat State Fertilizers & Chemicals Limited's net assets have evolved over time, based on quarterly financial data. Explore investment intensity of Gujarat State Fertilizers & Chemicals Li to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Gujarat State Fertilizers & Chemicals Limited (2002–2025)
The table below shows the annual net assets of Gujarat State Fertilizers & Chemicals Limited from 2002 to 2025. For live valuation and market cap data, see Gujarat State Fertilizers & Chemicals Li stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs121.49 Billion ≈ $1.31 Billion |
-4.55% |
| 2024-03-31 | Rs127.28 Billion ≈ $1.38 Billion |
+5.70% |
| 2023-03-31 | Rs120.41 Billion ≈ $1.30 Billion |
+2.27% |
| 2022-03-31 | Rs117.74 Billion ≈ $1.27 Billion |
+27.38% |
| 2021-03-31 | Rs92.43 Billion ≈ $999.56 Million |
+34.68% |
| 2020-03-31 | Rs68.63 Billion ≈ $742.18 Million |
-6.27% |
| 2019-03-31 | Rs73.22 Billion ≈ $791.84 Million |
+0.24% |
| 2018-03-31 | Rs73.05 Billion ≈ $789.97 Million |
+10.36% |
| 2017-03-31 | Rs66.19 Billion ≈ $715.81 Million |
+19.37% |
| 2016-03-31 | Rs55.45 Billion ≈ $599.64 Million |
+23.07% |
| 2015-03-31 | Rs45.05 Billion ≈ $487.24 Million |
+7.51% |
| 2014-03-31 | Rs41.91 Billion ≈ $453.19 Million |
+6.32% |
| 2013-03-31 | Rs39.42 Billion ≈ $426.27 Million |
+12.08% |
| 2012-03-31 | Rs35.17 Billion ≈ $380.32 Million |
+24.33% |
| 2011-03-31 | Rs28.29 Billion ≈ $305.91 Million |
+31.93% |
| 2010-03-31 | Rs21.44 Billion ≈ $231.88 Million |
+11.01% |
| 2009-03-31 | Rs19.31 Billion ≈ $208.88 Million |
+31.09% |
| 2008-03-31 | Rs14.73 Billion ≈ $159.34 Million |
-5.18% |
| 2007-03-31 | Rs15.54 Billion ≈ $168.04 Million |
+21.43% |
| 2006-03-31 | Rs12.80 Billion ≈ $138.39 Million |
+28.80% |
| 2005-03-31 | Rs9.93 Billion ≈ $107.44 Million |
+17.93% |
| 2004-03-31 | Rs8.42 Billion ≈ $91.10 Million |
+38.99% |
| 2003-03-31 | Rs6.06 Billion ≈ $65.55 Million |
-33.01% |
| 2002-03-31 | Rs9.05 Billion ≈ $97.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gujarat State Fertilizers & Chemicals Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 246.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs12.23 Billion | 10.08% |
| Common Stock | Rs797.00 Million | 0.66% |
| Other Comprehensive Income | Rs105.30 Billion | 86.75% |
| Other Components | Rs3.05 Billion | 2.51% |
| Total Equity | Rs121.38 Billion | 100.00% |
Gujarat State Fertilizers & Chemicals Limited Competitors by Market Cap
The table below lists competitors of Gujarat State Fertilizers & Chemicals Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PharmaResources (Shanghai) Co. Ltd. A
SHE:301230
|
$729.20 Million |
|
Barco NV
BR:BAR
|
$729.24 Million |
|
Akasha Wira International Tbk
JK:ADES
|
$729.33 Million |
|
Andlauer Healthcare Gr
TO:AND
|
$729.37 Million |
|
Mako Mining Corp
V:MKO
|
$729.08 Million |
|
Great Southern Bancorp Inc
NASDAQ:GSBC
|
$728.75 Million |
|
Guilin Seamild Foods Co Ltd
SHE:002956
|
$728.50 Million |
|
Thermador Groupe SA
PA:THEP
|
$728.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gujarat State Fertilizers & Chemicals Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 127,269,871,000 to 121,384,800,000, a change of -5,885,071,000 (-4.6%).
- Net income of 5,910,600,000 contributed positively to equity growth.
- Dividend payments of 1,583,700,000 reduced retained earnings.
- Share repurchases of 4,200,000 reduced equity.
- New share issuances of 96,000,000 increased equity.
- Other comprehensive income decreased equity by 6,030,626,000.
- Other factors decreased equity by 4,273,145,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs5.91 Billion | +4.87% |
| Dividends Paid | Rs1.58 Billion | -1.3% |
| Share Repurchases | Rs4.20 Million | -0.0% |
| Share Issuances | Rs96.00 Million | +0.08% |
| Other Comprehensive Income | Rs-6.03 Billion | -4.97% |
| Other Changes | Rs-4.27 Billion | -3.52% |
| Total Change | Rs- | -4.62% |
Book Value vs Market Value Analysis
This analysis compares Gujarat State Fertilizers & Chemicals Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.56x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.79x to 0.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs24.92 | Rs169.21 | x |
| 2006-03-31 | Rs32.10 | Rs169.21 | x |
| 2007-03-31 | Rs38.99 | Rs169.21 | x |
| 2008-03-31 | Rs36.97 | Rs169.21 | x |
| 2009-03-31 | Rs48.47 | Rs169.21 | x |
| 2010-03-31 | Rs53.81 | Rs169.21 | x |
| 2011-03-31 | Rs70.99 | Rs169.21 | x |
| 2012-03-31 | Rs88.25 | Rs169.21 | x |
| 2013-03-31 | Rs98.92 | Rs169.21 | x |
| 2014-03-31 | Rs105.16 | Rs169.21 | x |
| 2015-03-31 | Rs113.06 | Rs169.21 | x |
| 2016-03-31 | Rs139.15 | Rs169.21 | x |
| 2017-03-31 | Rs166.11 | Rs169.21 | x |
| 2018-03-31 | Rs183.28 | Rs169.21 | x |
| 2019-03-31 | Rs183.72 | Rs169.21 | x |
| 2020-03-31 | Rs172.19 | Rs169.21 | x |
| 2021-03-31 | Rs231.89 | Rs169.21 | x |
| 2022-03-31 | Rs295.43 | Rs169.21 | x |
| 2023-03-31 | Rs302.15 | Rs169.21 | x |
| 2024-03-31 | Rs319.51 | Rs169.21 | x |
| 2025-03-31 | Rs304.71 | Rs169.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gujarat State Fertilizers & Chemicals Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.20%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.18x
- Recent ROE (4.87%) is below the historical average (12.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.93% | 8.37% | 0.61x | 4.10x | Rs920.76 Million |
| 2005 | 15.41% | 5.87% | 0.84x | 3.14x | Rs537.12 Million |
| 2006 | 25.56% | 11.55% | 0.84x | 2.63x | Rs1.99 Billion |
| 2007 | 20.35% | 12.01% | 0.78x | 2.18x | Rs1.61 Billion |
| 2008 | 16.18% | 8.21% | 0.97x | 2.02x | Rs911.17 Million |
| 2009 | 25.85% | 10.48% | 1.43x | 1.72x | Rs3.06 Billion |
| 2010 | 11.87% | 6.16% | 1.05x | 1.83x | Rs400.59 Million |
| 2011 | 26.49% | 15.76% | 1.09x | 1.54x | Rs4.67 Billion |
| 2012 | 21.54% | 14.29% | 0.95x | 1.58x | Rs4.06 Billion |
| 2013 | 13.14% | 8.29% | 0.90x | 1.76x | Rs1.24 Billion |
| 2014 | 8.34% | 6.46% | 0.83x | 1.55x | Rs-696.38 Million |
| 2015 | 9.09% | 7.69% | 0.81x | 1.46x | Rs-410.45 Million |
| 2016 | 7.50% | 6.81% | 0.73x | 1.51x | Rs-1.39 Billion |
| 2017 | 6.41% | 8.06% | 0.58x | 1.37x | Rs-2.37 Billion |
| 2018 | 6.49% | 7.56% | 0.61x | 1.41x | Rs-2.57 Billion |
| 2019 | 6.74% | 8.32% | 0.57x | 1.43x | Rs-2.39 Billion |
| 2020 | 1.60% | 1.41% | 0.77x | 1.48x | Rs-5.77 Billion |
| 2021 | 4.87% | 5.90% | 0.68x | 1.21x | Rs-4.74 Billion |
| 2022 | 7.63% | 9.89% | 0.64x | 1.20x | Rs-2.79 Billion |
| 2023 | 10.51% | 22.83% | 0.40x | 1.16x | Rs619.03 Million |
| 2024 | 4.43% | 10.05% | 0.37x | 1.18x | Rs-7.09 Billion |
| 2025 | 4.87% | 6.20% | 0.66x | 1.18x | Rs-6.23 Billion |
Industry Comparison
This section compares Gujarat State Fertilizers & Chemicals Limited's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $7,109,860,903
- Average return on equity (ROE) among peers: 12.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gujarat State Fertilizers & Chemicals Limited (GSFC) | Rs124.76 Billion | 20.93% | 0.18x | $729.19 Million |
| Agro Phos India Limited (AGROPHOS) | $95.31 Million | 13.43% | 2.74x | $7.41 Million |
| Astec LifeSciences Limited (ASTEC) | $1.35 Billion | 10.91% | 1.68x | $183.44 Million |
| Bayer Cropscience Limited (BAYERCROP) | $7.93 Billion | 17.54% | 1.32x | $2.24 Billion |
| Best Agrolife Limited (BESTAGRO) | $506.76 Million | 0.19% | 1.98x | $68.73 Million |
| Bhagiradha Chemicals & Industries Limited (BHAGCHEM) | $465.11 Million | 4.24% | 1.68x | $343.08 Million |
| Bharat Rasayan Limited (BHARATRAS) | $1.46 Billion | 23.14% | 1.23x | $267.59 Million |
| Bohra Industries Limited (BOHRAIND) | $-118.71 Million | 0.00% | 0.00x | $2.09 Million |
| Bombay Super Hybrid Seeds Limited (BSHSL) | $15.23 Million | 16.29% | 1.68x | $110.68 Million |
| Chambal Fertilizers & Chemicals Limited (CHAMBLFERT) | $16.21 Billion | 13.35% | 2.20x | $2.07 Billion |
| Coromandel International Limited (COROMANDEL) | $43.18 Billion | 24.67% | 1.35x | $5.84 Billion |
About Gujarat State Fertilizers & Chemicals Limited
Gujarat State Fertilizers & Chemicals Limited produces and sells fertilizers and chemicals in India. The company operates in two segments, Fertilizer Products and Industrial Products. It offers fertilizers, including neem urea, di-ammonium phosphate, boronated NPK, muriate of potash, ammonium phosphate sulphate, gypsum, ammonium sulphate, APS, and micro mix. The company provides industrial produc… Read more