Gujarat State Fertilizers and Chemicals Ltd
NSE:GSFC
Gujarat State Fertilizers and Chemicals Ltd
Gujarat State Fertilizers & Chemicals Ltd. engages in the manufacture and distribution of fertilizers and chemicals. The company is headquartered in Vadodara, Gujarat. The firm operates through two segments: Fertilizer products and Industrial products. Its fertilizer products include neem urea, ammonium sulfate, di-ammonium phosphate, agro products, nitrogen phosphorus and patadium (NPK), muriate of potash (MOP), boronated NPK, ammonium phosphate sulphate, gypsum, ammonium phosphate sulphate and micro mix. The Company’s industrial products include caprolactam, nylon-6 (gujlon), anhydrous ammonia, cyclohexanone, sulphuric acid, technical grade urea, melamine (gujlamine), methyl ethyl ketoxime (gujoxime), hydroxylamine sulphate, cyclohexane, argon gas, oleum, methanol, nitric acid, ammonium sulphate (pharma grade), anone-anol mixture, melamine cyanurate and potassium di-hydrogen phosphate (pharma grade). Its products also include water-soluble fertilizers, plant tissue culture, seeds and trading.
Gujarat State Fertilizers & Chemicals Ltd. engages in the manufacture and distribution of fertilizers and chemicals. The company is headquartered in Vadodara, Gujarat. The firm operates through two segments: Fertilizer products and Industrial products. Its fertilizer products include neem urea, ammonium sulfate, di-ammonium phosphate, agro products, nitrogen phosphorus and patadium (NPK), muriate of potash (MOP), boronated NPK, ammonium phosphate sulphate, gypsum, ammonium phosphate sulphate and micro mix. The Company’s industrial products include caprolactam, nylon-6 (gujlon), anhydrous ammonia, cyclohexanone, sulphuric acid, technical grade urea, melamine (gujlamine), methyl ethyl ketoxime (gujoxime), hydroxylamine sulphate, cyclohexane, argon gas, oleum, methanol, nitric acid, ammonium sulphate (pharma grade), anone-anol mixture, melamine cyanurate and potassium di-hydrogen phosphate (pharma grade). Its products also include water-soluble fertilizers, plant tissue culture, seeds and trading.
Strong Q3 Performance: GSFC posted robust Q3 results with sales rising 5% year-on-year, profit before tax up 18%, and profit after tax up 32%.
Operating Margin: Operating profitability improved to 6.11% from 5.40% a year ago.
Raw Material Cost Pressures: Sharp increases in phosphoric acid, sulfur, and sulfuric acid prices pressured fertilizer segment margins, though internal sulfuric acid production is expected to help.
Sulfuric Acid Plant Commissioned: A new 2 lakh metric ton sulfuric acid facility was commissioned in January 2026, expected to bring around INR 100 crore in annual savings.
Industrial Products Turnaround: Industrial segment EBIT turned positive, driven by higher melamine exports and stable ammonia trading.
Guidance & Outlook: Q4 is expected to be a lean season for fertilizers, but demand and margins in industrial products are expected to remain stable, with export opportunities improving after recent trade deals.
Operational Efficiencies: Ongoing operational improvements and a new growth strategy could yield at least INR 40 crore in annual efficiency gains.
