Gujarat State Financial Corporation Ltd.
Snapshot View

8.19 +0.39 ▲5.0%

26 July 2021, 04:00:00 P.M.
Volume: 14,139

Overview View Details

Sector Finance Compare with Sector peers
Industry Finance Term Lending Compare with Industry peers
Website http://www.gsfc.gujarat.gov.in /www.gsfc-india.com
Financial Indicators
Market Cap 72.98 Cr.
Earnings per share (EPS) -13.79 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 4.68 Trailing Twelve Months Ending 2021-03
Book Value / Share -287.85 Trailing Twelve Months Ending 2021-03
Price to Book Value -0.03 Calculated using Price: 8.19
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 8.91 Cr. 89,114,000 Shares
FaceValue 10
Company Profile

Gujarat State Financial Corporation (GSFC) incorporated on May 1, 1961 is a pioneer term lending development financial institution in the State of Gujarat. It is created under the State Financial Corporation Act, 1951 passed by Parliament. GSFC’s mandate is to provide finance to small and medium scale enterprises.

Formed in 1960, GSFC has sanctioned loans and advances of over Rs.4400 crores; out of which, it has disbursed over Rs.3,300 crores to 47,000 units in the state. This has created almost 6,83,000 jobs in Gujarat. The corporation has played a stellar role in creating new and first time entrepreneurs, has provided much needed finance to small and medium scale enterprises and has played a significant role in the industrial development and economic growth of Gujarat.

The company’s main objective is to provide financial assistance to small and medium scale new/existing industrial and service sector units all over Gujarat for acquisition of fixed assets, preliminary and pre-operative expenses, expansion, modernization, diversification etc.

GSFC has played an important role in the industrial development of the state. Till date, it has financed 47,331 units and disbursed Rs. 3,300 crore, generating employment for over 6,00,000 persons. Many units financed by it are now well established and have also graduated from small to medium and large scale.

Since the last few years, corporation is passing through financially difficult times. Due to very heavy NPA and as commercial banks are now performing similar activity has stopped advancing fresh loans since October 2001.

Currently, it is engaged in the activity of recovering dues from its borrowers and paying its lenders. One Time Settlement schemes have been introduced to expedite recovery.

Cost cutting exercise has been implemented to reduce manpower by deputing staff to various government departments and by implementing VRS.

Government has formed a high-powered committee under Chief Secretary to decide on the future of GSFC. Committee has decided to offer VRS to employees, have OTS scheme and restructure the organization.

GSFC provides the following services:

  • Providing financial assistance of up to Rs. 24 million for acquiring fixed assets like land, factory building, Plant & Machinery, including technical know-how fees and pre-operative expenses for setting up new projects.
  • Offering term finance for expansion, diversification, renovation, modernisation, procuring quality control equipment, pollution control equipment and energy -saving devices.
  • Offering financial assistance under different schemes as General Term Loan, Seed Capital and Special Capital.
  • Providing financial assistance at liberal terms to SC/ST entrepreneurs and ex-servicemen.
  • Eligibility of 1% concession on interest rates on loans up to Rs. 24 million ($4.9 million approximately) for reputed clients with good track record (GOLD CARD SCHEME)
  • Loan assistance to small or medium-sized units that are financially sound and functional for at least 4 years, earning profits for the last 3 years.
  • Soft grants to industries existing for at least 5 years, to adopt new/ improved technology and production methods. Also, loans on liberal terms for proposals aimed at better productivity, reduced production costs, pollution control etc.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.00%
1 Week
+21.33%
1 Month
+44.96%
3 Month
+135.34%
6 Month
+157.55%
1 Year
+264.00%
2 Year
+618.42%
5 Year
+173.00%
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%)
Return on Capital Employed (%)
Return on Assets (%) -447.84 -166.68 -130.45 -95.82 -90.90 -92.88 -85.93 -78.51 -73.77

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds -1,547 -1,660 -1,773 -1,868 -1,973 -2,090 -2,205 -2,320 -2,438
Non Curr. Liab. 1,594 1,740 1,855 1,973 2,092 2,216 2,342 2,470 2,600
Curr. Liab. 5 3 8 3 3 3 3 3 3
Minority Int.
Equity & Liab. 53 83 90 108 123 129 139 153 165
Non Curr. Assets 14 10 16 12 15 14 13 13 12
Curr. Assets 39 73 73 97 108 115 127 141 153
Misc. Exp. not W/O
Total Assets 53 83 90 108 123 129 139 153 165

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 26 25 18 41 34 17 18 21 19
Other Income 3 6 7 0 2 1 0 1 0
Total Income 29 31 25 42 35 18 18 22 19
Total Expenditure -45 -32 -19 -18 -19 -11 -7 -8 -7
PBIDT -15 0 6 24 17 7 11 14 13
Interest -220 -146 -115 -118 -121 -124 -126 -128 -130
Depreciation 0 0 0 0 0 -1 0 0 0
Taxation 0 0
Exceptional Items 27 33 -3
PAT -209 -113 -113 -95 -105 -117 -116 -115 -117

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -5 121 -16 -2 1 -2 3 5 2
Cash Fr. Inv. -1 -121 5 25 11 9 -2 -7 -2
Cash Fr. Finan. 22 29 16
Net Change 17 30 5 23 12 7 1 -2 0
Cash & Cash Eqvt 39 69 73 97 108 115 3 1 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 83.95 83.95 83.95 83.95 83.95 83.95 83.95 83.95 83.95
Public 16.05 16.05 16.05 16.05 16.05 16.05 16.05 16.05 16.05
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 09 Jul 2021
Shareholding for the Period Ended June 30 2021
Gujarat State Financial Corporation has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here
Fri, 02 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
0000
Name of the Signatory :- Raveendran Nair
Designation :- Company Secretary and Compliance Officer
Fri, 02 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Confirmation certificate under Regulation 74 (5) of SEBI (Depositories and Participants) Regulations 2018 dated July 01 2021 received from R&T Agents M/s. MCS Share Transfer Agent Ltd Ahmedabad is attached.

Technical Scans View Details

Mon, 26 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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