Gujarat State Financial Corporation Ltd.

•

gsfc.gujarat.gov.inBSE: -NSE: GUJSTATFIN

Market Cap₹ 89 Cr.

Current Price

High / Low₹ 2 / 2

Stock P/E0.0

Book Value₹ -360

Price to Book-0.03

Dividend Yield0.00 %

ROCE0.0 %

ROE0.0 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Asset quality is healthy - gross NPA of just 0.0%
Operating margins have improved to 86.1% from 78.0%

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Company has a low return on capital employed of 0.0%
Company has a low return on equity of 0.0% over last 3 years
Effective tax rate is unusually low at 0.0% - earnings may be flattered
Company has delivered a poor sales growth of 4.1% over past five years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesFinanceFinance Term Lending

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	PFC	353.40	4.48	116625.60	5.25	8997.92	0.18	28526.86	0.32	10.05	99.88
2.	IRFC	83.08	15.10	108573.15	2.53	19272.10	1003.98	82611.10	1094.60	5.64	99.49
3.	RECLTD	316.50	5.20	83341.54	5.86	4192.76	-6.11	14434.92	-1.51	9.71	96.90
4.	IFCI	102.62	158.51	27649.05	0.00	60.27	-3.46	327.06	4.79	7.56	57.66
5.	TFCILTD	140.55	76.12	6507.15	0.43	18.38	-8.25	51.00	-17.46	11.13	90.10
6.	SATIN	217.25	5.86	2399.98	0.00	1226.46	2619.42	7621.36	983.89	12.15	62.96
7.	GUJSTATFIN	9.94	0.00	88.58	0.00	-19.68	36.57	0.00	-100.00	0.00	—
8.	TRU	4.09	0.00	48.61	0.00	-10.58	-16.29	11.27	-62.55	3.48	-79.12

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3	1	0	1	1	0	-1	0	0	0	0	0	0
	1	3	-1	1	1	1	1	1	1	1	0	1	24
Operating Profit	3	3	1	2	-0	0	1	-0	1	-0	-0	-2	-0
OPM %	114.80%	258.76%	3700.00%	350.79%	-58.49%	47.06%	-131.63%	-176.00%	588.89%	-640.00%	—	—	—
Other Income	3	3	3	3	4	4	4	4	4	4	4	4	4
Interest	34	35	35	34	35	35	35	35	35	36	36	35	23
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
	-28	-31	-30	-30	-31	-31	-32	-31	-31	-32	-32	-32	-20
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%
Net Profit	-28	-31	-30	-30	-31	-31	-32	-31	-31	-32	-32	-32	-20
	-3	-3	-3	-3	-4	-4	-4	-3	-3	-4	-4	-4	-0

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	17	18	21	19	14	11	14	20	17	17	0
	11	7	8	7	5	5	4	3	3	2	26
Operating Profit	6	11	13	13	9	6	10	17	14	15	-26
OPM %	35.25%	60.07%	61.25%	65.96%	62.83%	53.79%	73.62%	85.26%	82.28%	86.10%	-51206.00%
	1	0	1	0	1	1	1	1	0	-0	16
Interest	124	126	128	130	132	134	136	137	139	141	129
Depreciation	1	0	0	0	0	0	0	0	0	0	0
Profit before Tax	-117	-116	-115	-117	-123	-128	-125	-119	-125	-127	-116
Tax %	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%	-0.00%
Net Profit	-117	-116	-115	-117	-123	-128	-125	-119	-125	-127	-116
EPS	0.00	0.00	0.00	0.00	-13.79	-14.34	-14.04	-13.38	-14.07	-14.28	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: -7%
5 Years:: 4%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 0%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	89	89	89	89	89	89	89	89	89	89
	-2,184	-2,299	-2,414	-2,531	-2,654	-2,782	-2,907	-3,029	-3,154	-3,282
	2,216	2,342	2,470	2,600	2,732	2,866	3,001	3,139	3,278	3,419
	8	7	8	7	7	7	7	7	7	7
Total Liabilities	129	139	153	165	174	180	190	206	220	234
	5	4	4	3	3	3	2	2	2	2
	2	2	2	1	2	2	2	3	3	2
Cash & Bank	115	127	141	153	163	169	179	192	205	219
	7	6	7	8	7	6	7	9	10	10
Total Assets	129	139	153	165	174	180	190	206	220	234

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	3	5	2	-1	-14	-8	-12	-14	-17
Cash from Investing	9	-2	-7	-2	1	9	9	11	14	16
Cash from Financing	0	0	0	0	0	0	0	0	0	0
	7	1	-2	-0	0	-4	1	-1	1	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	83.95	83.95	83.95	83.95	83.95	83.95	83.95	83.95	83.95
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1.44	1.44	1.44	1.44	1.44	1.38	1.13	1.13	1.13
	4.20	4.20	4.20	4.20	4.20	4.20	2.10	2.10	2.10
	10.41	10.41	10.41	10.41	10.41	10.47	12.82	12.82	12.82

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for GUJSTATFIN

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AI Stock Analyst

Gujarat State Financial Corporation Ltd.

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Free 5nance Account

Name

PFC

353.40

4.48

116625.60

5.25

8997.92

0.18

28526.86

0.32

10.05

99.88

IRFC

83.08

15.10

108573.15

2.53

19272.10

1003.98

82611.10

1094.60

5.64

99.49

RECLTD

316.50

5.20

83341.54

5.86

4192.76

-6.11

14434.92

-1.51

9.71

96.90

IFCI

102.62

158.51

27649.05

0.00

60.27

-3.46

327.06

4.79

7.56

57.66

TFCILTD

140.55

76.12

6507.15

0.43

18.38

-8.25

51.00

-17.46

11.13

90.10

SATIN

217.25

5.86

2399.98

0.00

1226.46

2619.42

7621.36

983.89

12.15

62.96

GUJSTATFIN

9.94

0.00

88.58

0.00

-19.68

36.57

0.00

-100.00

0.00

—

TRU

4.09

0.00

48.61

0.00

-10.58

-16.29

11.27

-62.55

3.48

-79.12

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

-1

Operating Profit

-0

-2

-0

OPM %

114.80%

258.76%

3700.00%

350.79%

-58.49%

47.06%

-131.63%

-176.00%

588.89%

-640.00%

—

Other Income

Interest

Depreciation

-28

-31

-30

-31

-32

-31

-32

-20

Tax %

-0.00%

Net Profit

-28

-31

-30

-31

-32

-31

-32

-20

-3

-4

-3

-4

-0

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

Operating Profit

-26

OPM %

35.25%

60.07%

61.25%

65.96%

62.83%

53.79%

73.62%

85.26%

82.28%

86.10%

-51206.00%

-0

Interest

124

126

128

130

132

134

136

137

139

141

129

Depreciation

Profit before Tax

-117

-116

-115

-117

-123

-128

-125

-119

-125

-127

-116

Tax %

-0.00%

Net Profit

-117

-116

-115

-117

-123

-128

-125

-119

-125

-127

-116

EPS

0.00

-13.79

-14.34

-14.04

-13.38

-14.07

-14.28

—

Dividend Payout %

0.00%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

-2,184

-2,299

-2,414

-2,531

-2,654

-2,782

-2,907

-3,029

-3,154

-3,282

2,216

2,342

2,470

2,600

2,732

2,866

3,001

3,139

3,278

3,419

Total Liabilities

129

139

153

165

174

180

190

206

220

234

Cash & Bank

115

127

141

153

163

169

179

192

205

219

Total Assets

129

139

153

165

174

180

190

206

220

234

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2

-1

-14

-8

-12

-14

-17

Cash from Investing

-2

-7

-2

Cash from Financing

-2

-0

-4

-1

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

83.95

FIIs

0.00

1.44

1.38

1.13

4.20

2.10

10.41

10.47

12.82

Gujarat State Financial Corporation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Gujarat State Financial Corporation Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI