COMPANY INTELLIGENCE PROFILE
Gujarat State Fertilizers & Chemicals Limited
GSFC is a Gujarat-headquartered public-sector fertilizer and industrial chemicals manufacturer, incorporated in 1962.
Gujarat State Fertilizers & Chemicals Limited (GSFC) is a public-sector company headquartered in Gujarat, India, established in 1962. It operates in the fertilizers and industrial chemicals sector with products such as urea, ammonium sulphate, caprolactam, and nylon-6. The company reported a consolidated revenue of ₹10,946 Cr for FY2025-26. GSFC is nearly debt-free, with total borrowings at ₹27 Cr. It is partly owned by the Government of Gujarat and funded through equity markets.
AI-generated, may contain errors.
Business Overview
- GSFC is a Gujarat-headquartered public-sector fertilizer and industrial chemicals manufacturer, incorporated in 1962.
- It operates two main segments: Fertilizer Products, urea, ammonium sulphate, DAP etc., and Industrial Products, caprolactam, nylon-6, melamine and other chemicals, — described by Tofler as a "market leader in the value chain of Caprolactam, Nylon 6 virgin polymer and its compounds." Its flagship plant is at Fertilizernagar, Vadodara, with R&D capabilities.
- FY2025-26 segment revenue: Fertilizer Products ₹8,541 Cr, Industrial Products ₹2,404 Cr, source: TheCompanyCheck.
Sector & Classification
Fertilizers & industrial chemicals manufacturing; NIC/sector classified under "Agriculture — Fertilizers & Soil Enhancers" / Chemicals (C6) per TheCompanyCheck
Directors & Key Management
Directors — source notes
Director lists conflict across sources/snapshot dates — flag as partial: - TheCompanyCheck (recent snapshot) lists 8 current directors: Gauri Kumar, Sudhir Kumar Jain, Manoj Das (Additional Director), Rama Shanker Dubey, Sundaravalli Narayanaswami, Thiruvenkadam Natarajan, Rajender Kumar (Managing Director), Ashwinikumar Rajendraprasad Yadav. DINs not shown on this source. - Tofler (different/older snapshot) lists: Gauri Kumar (DIN 01585999), Sudhir Kumar Jain (DIN 03646016), Sanjeev Kumar — Managing Director (DIN 03600655), Pankaj Harishchandra Joshi — Nominee Director (DIN 01532892), Syed Jawaid Haider (DIN 02879522), Thiruvenkadam Natarajan (DIN 00396367). Overlap on Gauri Kumar, Sudhir Kumar Jain, Thiruvenkadam Natarajan across both; Managing Director name differs (Sanjeev Kumar vs Rajender Kumar), suggesting an MD change between the two data snapshots — could not independently confirm which is current as of Aug 2026. DINs for Manoj Das, Rama Shanker Dubey, Sundaravalli Narayanaswami, Ashwinikumar Yadav not obtained.
GST Registrations
Not obtained. Home state is Gujarat and PAN is AAACG7996C (from which the primary Gujarat GSTIN would derive), but no registry (knowyourgst/mastersindia/findgst) returned a verifiable GSTIN record during this lookup — pages 404'd/errored. Do not treat any GSTIN as confirmed for this entity. Number of registrations and per-state status: not obtained.
Financials
Gujarat State Fertilizers & Chemicals Limited reported consolidated revenue of ₹10,946 Cr for FY2025-26 with an EBITDA of ₹790 Cr and a net profit of ₹673 Cr. The company's net worth stands at ₹12,187 Cr with total borrowings of ₹27 Cr, indicating near debt-free status.
AI-generated, may contain errors.
| Latest audited figures — CONSOLIDATED, FY2025-26, year ended March 2026, per Screener.in, cross-checked against TheCompanyCheck's segment revenue breakup, Fertilizer ₹8,541 Cr + Industrial ₹2,404 Cr ≈ ₹10,945 Cr, matching: | |
| Revenue | ₹10,946 Cr |
| EBITDA/Operating Profit | ₹790 Cr |
| PAT (Net Profit) | ₹673 Cr |
| Net Worth/Reserves | ₹12,187 Cr |
| Total Borrowings | ₹27 Cr (near debt-free) |
| Cross-reference — Tofler shows STANDALONE FY2024-25, year ended March 2025, balance-sheet data, paywalled beyond this: Equity Capital ₹79.7 Cr, Reserves ₹12,069.6 Cr, Total Assets ₹14,369 Cr, Short-term borrowings ₹0 (fully repaid), noting a "-100% YoY" drop in total borrowings and 4.66%/30.36%/9.32% YoY growth in revenue/EBITDA/PAT respectively, exact absolute standalone figures were subscription-gated and not obtained. | |
Funding History
- Not applicable — GSFC is a decades-old listed public-sector undertaking, part-owned by the Government of Gujarat, funded via equity markets, BSE: 500690, NSE: GSFC, rather than VC/PE rounds. No private funding rounds found or expected.
Loans & Charges
| One registered charge found, confirmed via Tofler; TheCompanyCheck corroborates an "open charge" of the same amount: | |
| Charge Holder | Bank of Baroda |
| Amount | ₹1,300 Cr |
| Date of creation/modification | 04 October 2021 |
| Status | Open/active (per Tofler) |
| TheCompanyCheck separately notes "Satisfied Charges: ₹600 Cr" with a much older charge dated 11 Mar 1996, lender shown only as "Others", — could not identify the original lender name for this satisfied charge. | |
| Company's overall debt-to-equity | ~0.0 as of March 2025 per Tofler. |
Credit Ratings
- Not obtained.
- Attempts to reach CRISIL Ratings' company-rating page and CARE Ratings' rationale page for GSFC did not return usable data (404s).
- No ICRA/CRISIL/CARE rating for GSFC could be confirmed from the sources accessed.
- Given the company's near-zero borrowings, ~₹27 Cr against ~₹12,187 Cr net worth, it may not carry an actively published long-term instrument rating, but this is inference, not a confirmed fact.
Legal & Compliance
- Partial — via Indian Kanoon search, not exhaustive, ~3,257 total hits mentioning the company across courts/tribunals:
- Gujarat State Fertilizers & Chemicals Ltd. vs. The ACIT, Circle-1 (1), Baroda (1 Aug 2018) — ITAT Ahmedabad, AY2010-11 tax matter.
- Gujarat State Fertilizer & Chemical Ltd. vs. The DCIT, Circle-1 (1) (1), Vadodara (17 Dec 2024) — ITAT Ahmedabad, AY2016-17 tax matter.
- Gujarat State Fertilizers & Chemicals Ltd. vs. Vinayakrao Shantilal Desai (24 Feb 2021) — Gujarat High Court, civil matter.
- Tata Chemicals Limited vs. Gujarat State Fertilizer and Chemicals Ltd. (31 Jul 2024) — Gujarat High Court, commercial dispute, SCA 14807/2015.
- A 2011 Gujarat HC judgment referenced GSFC alongside Gujarat Narmada Valley Fertilizers Company Limited in a government-related matter.
- This is a small sample of a large litigation history typical for a decades-old PSU, mostly routine tax-tribunal matters; not a complete legal history.
Competitive Landscape
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) — similar-scale Gujarat state PSU, fertilizer + chemicals
- Coromandel International Ltd — larger private-sector fertilizer/agrochemical major
- Chambal Fertilisers & Chemicals Ltd — large private fertilizer producer
- Rashtriya Chemicals & Fertilizers Ltd (RCF) — comparable central PSU fertilizer maker
- National Fertilizers Ltd (NFL) — comparable central PSU fertilizer maker
- Deepak Fertilisers & Petrochemicals Corp — overlaps in industrial chemicals, though smaller in fertilizer scale
Frequently Asked Questions
What does Gujarat State Fertilizers & Chemicals Limited do?
Gujarat State Fertilizers & Chemicals Limited is a public-sector manufacturer headquartered in Gujarat, specializing in fertilizers and industrial chemicals. It operates two main segments: Fertilizer Products, including urea and ammonium sulphate, and Industrial Products, including caprolactam and nylon-6.
What is the CIN of Gujarat State Fertilizers & Chemicals Limited?
The Corporate Identification Number (CIN) of Gujarat State Fertilizers & Chemicals Limited is L99999GJ1962PLC001121.
When was Gujarat State Fertilizers & Chemicals Limited incorporated?
Gujarat State Fertilizers & Chemicals Limited was incorporated in 1962.
Where is the registered office of Gujarat State Fertilizers & Chemicals Limited?
The registered office of Gujarat State Fertilizers & Chemicals Limited is located at P.O. Fertilizernagar, Vadodara, Gujarat, India, 391750.
Sources
Tofler (tofler.in) — identity, incorporation, capital, directors/DINs, charges, standalone FY2024-25 balance-sheet fragments. TheCompanyCheck (thecompanycheck.com) — identity cross-check, listing status, current directors, subsidiaries/group, shareholding, charges, sector/NIC, segment revenue. Screener.in (screener.in) — consolidated FY2025-26 revenue/EBITDA/PAT/net worth/borrowings, shareholding %. Indian Kanoon (indiankanoon.org) — litigation history. gsfclimited.com — official domain, logo, business overview. CRISIL Ratings and CARE Ratings direct URLs attempted but returned 404 (no rating data retrieved). Falconebiz, knowyourgst, mastersindia.co, findgst.in attempted for DIN/GSTIN cross-check but returned generic landing pages, 404, or 500 errors (no usable data).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.