Gujarat State Fertilizers & Chemicals Ltd Share Price – NSE  /  BSE

Fertilizers, Small Cap

Gujarat State Fertilizers& Chemicals will hold a meeting of the Board of Directors of the Company on 5 August 2024.

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Maharashtra Seamless Ltd, Global Health Ltd, Sequent Scientific Ltd and Bharat Heavy Electricals Ltd are among the other losers in the BSE's 'A' group today, 22 May 2024.

Gujarat State Fertilizers & Chemicals Ltd lost 8.18% to Rs 221.65 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 9.57 lakh shares were traded on the counter so far as against the average daily volumes of 3.04 lakh shares in the past one month.

Maharashtra Seamless Ltd tumbled 6.95% to Rs 752.25. The stock was the second biggest loser in 'A' group.On the BSE, 39485 shares were traded on the counter so far as against the average daily volumes of 15570 shares in the past one month.

Global Health Ltd crashed 6.80% to Rs 1243.9. The stock was the third biggest loser in 'A' group.On the BSE, 36462 shares were traded on the counter so far as against the average daily volumes of 21061 shares in the past one month.

Sequent Scientific Ltd pared 5.30% to Rs 108.95. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.7 lakh shares were traded on the counter so far as against the average daily volumes of 59172 shares in the past one month.

Bharat Heavy Electricals Ltd plummeted 5.22% to Rs 302.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 54.36 lakh shares were traded on the counter so far as against the average daily volumes of 20.9 lakh shares in the past one month.

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Profit before tax (PBT) in fourth quarter of FY24 was Rs 26.16 crore, down 91.43% from Rs 305.25 crore recorded in the same period last fiscal.

The company's revenue from fertilizer products was at Rs 1,334.11 crore (down 24.33% YoY) while industrial products revenue came in at Rs 631.14 crore (up 1.65% YoY) during the period under review.

On a full year basis, the net profit slipped 55.44% to Rs 564.04 crore on 19.47% decline in revenue from operations to Rs 9,154.64 crore in FY24 over FY23.

Operating EBIDTA dropped 92.69% YoY to Rs 25 crore during the period under review.

In its outlook, GSFC said, “The company plans to follow production with mix of DAP & Non- DAP products during Q1-24/25 so as to optimize the cost and targets sales of about 4.5 LMT during current quarter. The demand of our industrial products from various application sectors is likely to remain stable during next quarter. Considering planned annual shutdown of Caprolactam-II & Nylon-I plants during Q1 24-25, overall sales of our industrial products are expected to reduce in next quarter.”

Meanwhile, the company's board has recommended a dividend of Rs 4 per share for FY23.

GSFC is engaged in production of fertilizers and chemicals. GSFC is under the ownership of Ministry of Chemicals and Petro-Chemicals, Government of Gujarat. Gujarat State Investments holds 37.84% in the company.

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Gujarat State Fertilizers& Chemicals announced that the Board of Directors of the Company at its meeting held on 21 May 2024, inter alia, have recommended the final dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

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