Gujarat State Fertilizers & Chemicals (NSE:GSFC) ROE %: 1.70% (As of Mar. 2026) — 72% Below Median


NSE:GSFC Gujarat State Fertilizers & Chemicals Ltd NSE:GSFC
74 GF Score
Price ₹163.13
GF Value ₹225.48
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Gujarat State Fertilizers & Chemicals ROE %?

Gujarat State Fertilizers & Chemicals NSE:GSFC -0.47% 74 ROE % is 1.70% as of Mar. 2026, which is 72% below its 10-year median of 6.17. GuruFocus rates NSE:GSFC with a GF Score™ of 74/100 and a GF Value™ of ₹225.48 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 254 Agriculture companies, Gujarat State Fertilizers & Chemicals ranks worse than 55.12% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Gujarat State Fertilizers & Chemicals's annualized net income for the quarter that ended in Mar. 2026 was ₹2,084 Mil. Gujarat State Fertilizers & Chemicals's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹122,665 Mil. Therefore, Gujarat State Fertilizers & Chemicals's annualized ROE % for the quarter that ended in Mar. 2026 was 1.70%.

The historical rank and industry rank for Gujarat State Fertilizers & Chemicals's ROE % or its related term are showing as below:

NSE:GSFC' s ROE % Range Over the Past 10 Years
Min: 1.55   Med: 6.17   Max: 10.63
Current: 5.47

During the past 13 years, Gujarat State Fertilizers & Chemicals's highest ROE % was 10.63%. The lowest was 1.55%. And the median was 6.17%.

NSE:GSFC's ROE % is ranked worse than
55.12% of 254 companies
in the Agriculture industry
Industry Median: 6.71 vs NSE:GSFC: 5.47

Gujarat State Fertilizers & Chemicals  (NSE:GSFC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2084/122664.5
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(2084 / 105306.8)*(105306.8 / 143895.5)*(143895.5 / 122664.5)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.98 %*0.7318*1.1731
=ROA %*Equity Multiplier
=1.45 %*1.1731
=1.70 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=2084/122664.5
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (2084 / 2611.6) * (2611.6 / 1190) * (1190 / 105306.8) * (105306.8 / 143895.5) * (143895.5 / 122664.5)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.798 * 2.1946 * 1.13 % * 0.7318 * 1.1731
=1.70 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Gujarat State Fertilizers & Chemicals ROE % Related Terms


Gujarat State Fertilizers & Chemicals ROE % Historical Data

* Premium members only.

The historical data trend for Gujarat State Fertilizers & Chemicals's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gujarat State Fertilizers & Chemicals ROE % Chart

Gujarat State Fertilizers & Chemicals Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.55 10.63 4.55 4.75 5.51

Gujarat State Fertilizers & Chemicals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 4.57 10.40 5.07 1.70

NSE:GSFC vs CTVA, CF: ROE % Comparison

For the Agricultural Inputs subindustry, Gujarat State Fertilizers & Chemicals's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gujarat State Fertilizers & Chemicals ROE % vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Gujarat State Fertilizers & Chemicals's ROE % distribution charts can be found below:

* The bar in red indicates where Gujarat State Fertilizers & Chemicals's ROE % falls into.


NSE:GSFC
74GF Score
Gujarat State Fertilizers & Chemicals Ltd NSE:GSFC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gujarat State Fertilizers & Chemicals ROE % Calculation

Gujarat State Fertilizers & Chemicals's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=6727.8/( (121384.775+122664.5)/ 2 )
=6727.8/122024.6375
=5.51 %

Gujarat State Fertilizers & Chemicals's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=2084/( (0+122664.5)/ 1 )
=2084/122664.5
=1.70 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 1.70% mean?
Gujarat State Fertilizers & Chemicals (NSE:GSFC) has a ROE % of 1.70% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gujarat State Fertilizers & Chemicals and its competitors. This is 72% below median its historical median of 6.17. Over the past decade, Gujarat State Fertilizers & Chemicals' ROE % has ranged from 1.55 to 10.63. According to the industry distribution chart, Gujarat State Fertilizers & Chemicals ranks #140 out of 254 companies in the Agriculture industry, placing it in the top 55.1%.
Is Gujarat State Fertilizers & Chemicals' ROE % too high?
Gujarat State Fertilizers & Chemicals' current ROE % of 1.70% is 72% below median its 10-year median of 6.17. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 10.63. The Agriculture industry median ROE % is 6.71. Gujarat State Fertilizers & Chemicals' value of 1.70% is 74.7% below this industry median. Based on the distribution chart, Gujarat State Fertilizers & Chemicals ranks #140 out of 254 companies in the Agriculture industry, which is below the industry midpoint. Overall, Gujarat State Fertilizers & Chemicals has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gujarat State Fertilizers & Chemicals' ROE % compare to CTVA and CF?
According to the Agriculture industry distribution chart, Gujarat State Fertilizers & Chemicals ranks #140 out of 254 companies for ROE %. This places Gujarat State Fertilizers & Chemicals in the lower half of its industry. The industry median ROE % is 6.71. Gujarat State Fertilizers & Chemicals' value of 1.70% is 74.7% below this benchmark. Historically, Gujarat State Fertilizers & Chemicals' own ROE % has ranged from 1.55 to 10.63 over the past decade. While the company's 10-year median is 6.17 vs. the industry median of 6.71, Gujarat State Fertilizers & Chemicals has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Agriculture company?
The median ROE % among Agriculture companies is 6.71, based on 254 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gujarat State Fertilizers & Chemicals's current ROE % of 1.70% is 74.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gujarat State Fertilizers & Chemicals and its competitors. For the Agriculture industry, the median ROE % is 6.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gujarat State Fertilizers & Chemicals's current ROE % is 1.70%, which is 72% below median its own 10-year median of 6.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gujarat State Fertilizers & Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Gujarat State Fertilizers & Chemicals (NSE:GSFC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹225.48, compared to a current price of ₹163.13 — trading 27.7% below its estimated fair value. The current ROE % is 1.70%, which is 72% below median its 10-year median of 6.17 and 74.7% below the Agriculture industry median of 6.71. Gujarat State Fertilizers & Chemicals' overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Gujarat State Fertilizers & Chemicals (NSE:GSFC), the current ROE % is 1.70% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Gujarat State Fertilizers & Chemicals (NSE:GSFC) Overvalued in 2026?

Based on GuruFocus' analysis, Gujarat State Fertilizers & Chemicals stock appears to be undervalued. The current stock price of ₹163.13 is trading 27.7% below its estimated GF Value™ of ₹225.48. GuruFocus considers Gujarat State Fertilizers & Chemicals to be Modestly Undervalued.

Key valuation signals for NSE:GSFC:

  • ROE %: 1.70% (72% below median its 10-year median of 6.17)
  • GF Value™: ₹225.48 vs. price of ₹163.13 (27.7% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 74.7% below the Agriculture median (#140 of 254)

No single metric tells the full story. See the NSE:GSFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gujarat State Fertilizers & Chemicals Business Description

Other Exchanges 500690:India
Address P.O. Fertilizernagar, District Vadodara, Vadodara, GJ, IND, 391750
Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products.
74GF Score

Get the complete analysis for NSE:GSFC

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹163.13
Price
₹225.48
GF Value