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  7. Gujarat State Financial Corporation
Financial RatiosPE RatioShareholdingDividendQuarterly ResultsBalance SheetProfit & LossCash Flow

Gujarat State Financial Corporation Stock Price Today (NSE: GUJSTATFIN)

Gujarat State Financial Corporation

GUJSTATFINFinancial Institution
₹11.14₹0.07 (0.62%)↓
As on 20 Apr 2026, 08:28 am ISTMarket Open

Fundamental Score

...

Gujarat State Financial Corporation Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Gujarat State Financial Corporation share price today is ₹11.14, down 0.62% on NSE/BSE as of 20 April 2026. Gujarat State Financial Corporation (GUJSTATFIN) is a Small-cap company in the Financial Institution sector with a market capitalisation of ₹101.41 (Cr). The 52-week high for GUJSTATFIN share price is ₹18.15 and the 52-week low is ₹8.40.

Gujarat State Financial Corporation Share Price Chart — NSE/BSE Historical Performance

No data
High
₹0.00
Low
₹0.00
Volume
0
Change
-0.62%

Institutional Deep-Dive

Bull Run Research Hub

Live Price:₹11.14— Analysis below may reference an earlier price snapshot.

Gujarat State Financial Share Price: A Financial Analysis

A unique challenge facing financial institutions today is adapting to the rapid technological advancements while simultaneously navigating stringent regulatory landscapes. This analysis examines the current standing of Gujarat State Financial Corporation (GSFC), focusing on its key financial metrics. Currently, the Gujarat State Financial share price stands at ₹11.48. While this price point may seem appealing, a deeper dive into the company's fundamentals reveals areas of concern that warrant careful consideration. This analysis is based on publicly available data and forms part of a larger, 80-parameter fundamental audit verified by Sweta Mishra.

The absence of a Price-to-Earnings (PE) ratio for GSFC suggests the company may not be currently profitable, or earnings are significantly low. This lack of profitability raises questions about the company's operational efficiency and financial health. Furthermore, the Return on Capital Employed (ROCE) of None% is a significant red flag. ROCE measures how effectively a company is using its capital to generate profits. A None% ROCE implies that GSFC is not generating any returns on its capital, indicating potential issues with asset utilization, cost management, or revenue generation.

Compared to its peers, such as Power Finance Corporation Ltd, GSFC faces notable disparities. For example, Power Finance Corporation typically demonstrates significantly more positive ROCE and more sophisticated Management quality, reflecting better capital deployment and operational efficiency. While assessing the management quality of GSFC requires further qualitative research, the ROCE figure is a clear quantitative indicator that something needs to be improved.

The None% ROCE directly impacts the company's economic moat, or its ability to maintain a competitive advantage. Without generating returns on capital, GSFC struggles to reinvest in its business, innovate, and defend its market share. This lack of profitability makes it difficult for the company to build a sustainable competitive edge. The absence of these key financial indicators demands that potential investors perform thorough due diligence, carefully examine the underlying causes, and consult qualified financial advisors before making any investment decisions related to Gujarat State Financial share price.

SM
Analysis by Sweta Mishra
SEBI Registered Research Analyst

Gujarat State Financial Corporation Share Price — Last 10 Trading Days

DateOpenHighLowCloseVolume
2 Apr 26₹9.41₹10.39₹9.41₹10.003.57K (Cr)
1 Apr 26₹8.40₹10.20₹8.40₹10.0412.57K (Cr)
30 Mar 26₹9.00₹9.99₹9.00₹9.3020.98K (Cr)
27 Mar 26₹10.07₹10.07₹9.70₹9.847.51K (Cr)
25 Mar 26₹10.30₹10.30₹9.63₹10.306.97K (Cr)
24 Mar 26₹10.89₹10.89₹9.54₹9.774.23K (Cr)
23 Mar 26₹11.49₹11.49₹9.58₹9.7712.87K (Cr)
20 Mar 26₹10.01₹10.38₹10.01₹10.0613.68K (Cr)
19 Mar 26₹10.50₹10.50₹9.52₹10.089.69K (Cr)
18 Mar 26₹10.47₹10.47₹10.11₹10.305.89K (Cr)

Gujarat State Financial Corporation Share Price History — Last 12 Months

MonthOpenHighLowCloseChange
Apr 2026₹8.40₹10.39₹8.40₹10.00+19.05%
Mar 2026₹10.91₹11.57₹9.00₹9.30-14.76%
Feb 2026₹11.57₹12.75₹10.73₹11.16-3.54%
Jan 2026₹11.23₹12.98₹11.03₹11.26+0.27%
Dec 2025₹12.03₹13.00₹11.00₹11.75-2.33%
Nov 2025₹13.49₹13.86₹11.00₹12.03-10.82%
Oct 2025₹13.70₹15.00₹12.41₹13.01-5.04%
Sept 2025₹15.54₹16.31₹13.45₹13.67-12.03%
Aug 2025₹14.49₹16.93₹13.00₹15.31+5.66%
Jul 2025₹16.50₹16.95₹14.00₹14.22-13.82%
Jun 2025₹17.60₹17.99₹15.56₹16.56-5.91%
May 2025₹16.96₹18.15₹14.62₹17.22+1.53%

AI Research Briefing

Powered by Gemini · 2026-04-09

Gujarat State Financial Corporation is a value trap kept afloat by the state government, with no fundamental basis for investment.

Research Confidence
8.0/10High
DEBT TRAP TURNAROUNDBreakdown. 1M: -12.53%, 3M: -24.13%, 6M: -31.82% [cite: brief].Expensive. P/E is nonexistent, while the industry P/E is 22.38x [cite: brief].

⚡WHAT'S HAPPENING NOW (last 2-4 weeks):

No major catalysts found after live search. Recent news indicates a fine of ₹9.89 Lakhs was imposed by BSE for non-compliance with corporate governance regulations. The company's losses increased by 5% in the year 2024-25, with staff strength reducing from 16 to 12.

�� CORE STORY (THE REAL GAME):

A zombie SME lender, kept alive by the Gujarat state government, primarily focused on recovering dues rather than originating new loans. This is a restructuring play, not a growth story.

�� WHAT IS DRIVING THE STOCK:

* Hopes of government bailout or restructuring, despite continued losses.

* Limited trading volume, leading to price volatility.

⚖️ BULL vs BEAR:

Bull:State government decides to recapitalize or merge it with another entity. Low liquidity can cause sharp spikes.

Bear:Losses continue to mount, further eroding net worth. Negative book value of ₹-351. The company discontinued its main activities of sanction and disbursement from FY 2001-02.

�� WHAT MARKET IS PRICING:

Hope of turnaround, despite evidence to the contrary. Any negative surprise on asset quality or further losses will trigger a sharp correction.

�� BOTTOM LINE:

Avoid. This micro-cap is a value trap with a high promoter holding, low liquidity, and a bleak outlook. Any upside is purely speculative.

Why Now
  • Hopes of government bailout or restructuring
  • Low liquidity can cause sharp spikes
Potential Catalysts
  • Government announces a concrete restructuring plan
  • Significant reduction in losses
  • Improved asset quality
Key Risks
  • Micro/SME cap = liquidity risk
  • Negative book value
  • High promoter holding limits float
  • Poor financials
Institutional Activity

DII reduced their stake by 0.06% [cite: brief].

Macro Context

Indian banks are entering 2026 in a strong position, but GSFC is unlikely to benefit.

Cash Flow Quality

No. Free Cash Flow 5Y: ₹-48.5 Cr [cite: brief].

3–6 Month Outlook

GSFC's future hinges on government intervention. Without it, continued losses and erosion of net worth are expected.

Primary Thesis Risk

Reliance on government bailout is the single biggest thesis killer.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

ROE

N/A

ROCE

N/A
Excellent

OPM (5Y)

69.36%

Div Yield

0.00%

Gujarat State Financial Corporation Valuation Check

P/E Ratio

N/A
Poor

Industry P/E

22.38x
Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Market Cap

101.41 (Cr)

Shareholding

Excellent

Promoter

83.95%
Poor

FII

0.00%
Poor

DII

1.38%
Excellent

Pledged

0.00%

Growth Engine

Poor

Profit Growth (Q)

-1.04%
Poor

Sales Growth (Q)

-85.29%
Poor

Sales Growth (5Y)

3.10%
Poor

EPS Growth (5Y)

-1.38%
Poor

Profit Growth (5Y)

-1.38%

Balance Sheet Health

Debt to Equity

N/A
Poor

Int. Coverage

0.09x

Free Cash Flow (5Y)

-48.50 (Cr)

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Gujarat State Financial Corporation Fundamental Analysis & Valuation Benchmarking

Educational evaluation of GUJSTATFIN across key market metrics for learning purposes.

Positive Indicators

2 factors identified

Strong Operating Margins (69.36%)

Observation: Healthy 5-year operating margins indicate pricing power and cost control.

Analysis: OPM >15% suggests operational efficiency and competitive advantages.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

9 factors identified

Revenue Contraction (-85.29%)

Observation: Sales decline may indicate market challenges or competitive pressures.

Analysis: Negative revenue growth requires analysis of market conditions.

Limited Growth History (3.10% CAGR)

Observation: Below-average 5-year sales growth trajectory.

Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.

Weak Earnings Growth (-1.38% CAGR)

Observation: Below-average 5-year EPS growth performance.

Analysis: Low EPS growth may not keep pace with inflation.

Stagnant Profit Growth (-1.38% CAGR)

Observation: Limited 5-year profit growth trajectory.

Analysis: Low profit growth may indicate scalability challenges or market maturity.

Weak Interest Coverage (0.09x)

Observation: Limited ability to service debt obligations from earnings.

Analysis: Low interest coverage raises concerns about financial stability.

Negative Free Cash Flow (₹-48.50 Cr over 5Y)

Observation: Cash outflows exceed inflows.

Analysis: Negative FCF requires analysis of capital expenditure cycle.

Limited Public Float (83.95% Promoter Holding)

Observation: High promoter holding may restrict liquidity and price discovery.

Analysis: Very high promoter holding can limit trading liquidity.

Limited Institutional Interest (FII+DII: 1.38%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

No Dividend Distribution

Observation: Company does not currently pay dividends to shareholders.

Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.

Peer Comparison - Financial Institution

Compare Gujarat State Financial Corporation with 8 other companies in the same sector

9 companies
Company Info
Fundamental
Overall score
Valuation
Price metrics
Profitability
Return metrics
Financial Health
Debt management
Growth
5Y performance
Dividend
Yield %
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
Gujarat State Financial CorporationGujarat State F...Selected✓
GUJSTATFIN • 532160
14.2/100
₹11.14₹11
₹101.41₹101.41
0.00Average
0.0
Average
0.00%Poor
0.00%
Poor
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
-1.38%Poor
-1.38%
Poor
3.10%Average
3.10%
Average
0.00%
Indian Railway Finance Corporation LtdIndian Railway ...
IRFC • 543257
39.6/100
₹103.22₹103
₹152980.11₹152980.11
22.38Average
22.4
Average
12.77%Average
12.77%
Average
0.00%Poor
0.00%
Poor
7.25Poor
7.3
Poor
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Power Finance Corporation LtdPower Finance C...
PFC • 532810
57.2/100
₹462.75₹463
₹118985.95₹118985.95
4.81Average
4.8
Average
21.01%Excellent
21.01%
Excellent
0.00%Poor
0.00%
Poor
7.88Poor
7.9
Poor
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Rec LtdRec Ltd...
RECLTD • 532955
55.8/100
₹374.75₹375
₹94348.22₹94348.22
5.46Average
5.5
Average
21.51%Excellent
21.51%
Excellent
0.00%Poor
0.00%
Poor
6.18Poor
6.2
Poor
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Housing & Urban Development Corporation LtdHousing & Urban...
HUDCO • 540530
42.4/100
₹200.00₹200
₹47705.45₹47705.45
17.02Average
17.0
Average
15.67%Good
15.67%
Good
0.00%Poor
0.00%
Poor
7.03Poor
7.0
Poor
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Indian Renewable Energy Development Agency LtdIndian Renewabl...
IREDA • 544026
64.8/100
₹131.23₹131
₹40039.93₹40039.93
23.24Average
23.2
Average
18.05%Good
18.05%
Good
0.00%Poor
0.00%
Poor
5.41Poor
5.4
Poor
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
IFCI LtdIFCI Ltd...
IFCI • 500106
50.6/100
₹62.45₹62
₹13837.98₹13837.98
36.34Average
36.3
Average
2.60%Poor
2.60%
Poor
0.00%Poor
0.00%
Poor
0.40Excellent
0.4
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
Tourism Finance Corporation of India LtdTourism Finance...
TFCILTD • 526650
17.2/100
₹75.23₹75
₹3198.30₹3198.30
28.44Average
28.4
Average
8.51%Poor
8.51%
Poor
0.00%Poor
0.00%
Poor
0.82Good
0.8
Good
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%
HARYANA FINANCIAL CORPORATIONHARYANA FINANCI...
HARAFIN • 530927
13/100
₹63.48₹63
₹1676.01₹1676.01
0.00Average
0.0
Average
0.00%Poor
0.00%
Poor
0.00%Poor
0.00%
Poor
0.00Excellent
0.0
Excellent
0.00%Average
0.00%
Average
0.00%Average
0.00%
Average
0.00%

Gujarat State Financial Corporation Financial Statements

Comprehensive financial data for Gujarat State Financial Corporation including income statement, balance sheet and cash flow

About GUJSTATFIN (Gujarat State Financial Corporation)

Gujarat State Financial Corporation is a cornerstone of industrial growth and entrepreneurship within the vibrant state of Gujarat. Established with a vision to fuel economic progr...ess, GUJSTATFIN acts as a catalyst, providing crucial financial assistance to budding entrepreneurs and established businesses alike. Its mission extends beyond simply disbursing loans; it’s about nurturing innovation, fostering self-reliance, and building a robust industrial ecosystem across the state. GUJSTATFIN is committed to empowering the dreams of countless individuals and contributing to the overall prosperity of Gujarat. Through its strategically designed financial products and services, the corporation plays a pivotal role in driving industrial expansion, generating employment opportunities, and ensuring sustainable economic development in the region. GUJSTATFIN specializes in providing tailored financial solutions to small and medium enterprises (SMEs), recognizing their vital contribution to the state's economy. These offerings include term loans, working capital loans, and other specialized credit facilities meticulously crafted to meet the diverse needs of businesses across various sectors. Beyond merely lending, GUJSTATFIN also provides support through guidance and mentorship, helping entrepreneurs navigate the complexities of the business world and make informed decisions. The corporation prides itself on its deep understanding of the local market and its ability to identify and nurture promising ventures, thereby contributing to the diversification and resilience of the state's industrial landscape. Headquartered in the capital city of Gandhinagar, GUJSTATFIN has built a strong and reliable presence throughout Gujarat, reaching even the most remote corners of the state. With a network of strategically located branches and a dedicated team of professionals, the corporation ensures accessibility and responsiveness to the needs of its clientele. GUJSTATFIN embraces a forward-thinking approach, constantly adapting to the evolving economic environment and leveraging innovative technologies to enhance its services. By fostering strong relationships with its stakeholders and maintaining the highest standards of integrity and transparency, GUJSTATFIN has earned a reputation as a trusted partner in Gujarat's journey towards industrial excellence.

Company Details

Symbol:GUJSTATFIN
Industry:Financial Institution
Sector:Financial Institution
Website:https://gsfc.gujarat.gov.in

Key Leadership

Mr. Swaroop P I.A.S.
MD & Director
Mr. P. V. Raveendran Nair
Compliance Officer & Board Secretary
Mr. M. R. Malpani
Executive Officer of Accounts

GUJSTATFIN Share Price: Frequently Asked Questions

What is the current share price of Gujarat State Financial Corporation?

As of 20 Apr 2026, 08:28 am IST, Gujarat State Financial Corporation share price is ₹11.14. The Gujarat State Financial Corporation stock has a market capitalisation of ₹101.41 (Cr) on NSE/BSE.

Is Gujarat State Financial Corporation share price Overvalued or Undervalued?

Gujarat State Financial Corporation share price is currently trading at a P/E ratio of 0.00x, compared to the industry average of 22.38x. Based on this relative valuation, the Gujarat State Financial Corporation stock appears to be Fairly Valued against its sector peers.

What is the 52-week high and low of Gujarat State Financial Corporation share price?

The 52-week high of Gujarat State Financial Corporation share price is ₹18.15 and the 52-week low is ₹8.40. These values are updated daily from NSE/BSE price data.

What factors affect the Gujarat State Financial Corporation share price?

Key factors influencing Gujarat State Financial Corporation share price include quarterly earnings growth (Sales Growth: -85.29%), raw material costs, government spending, and institutional flows (FII/DII holding).

Is Gujarat State Financial Corporation a good stock for long-term investment?

Gujarat State Financial Corporation shows a 5-year Profit Growth of -1.38% and an ROE of N/A%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of N/A before investing in Gujarat State Financial Corporation shares.

How does Gujarat State Financial Corporation compare with its industry peers?

Gujarat State Financial Corporation competes with major peers in the Financial Institution. Investors should compare Gujarat State Financial Corporation share price P/E of 0.00x and ROE of N/A% against the industry averages to determine competitive standing.

What is the P/E ratio of Gujarat State Financial Corporation and what does it mean?

Gujarat State Financial Corporation share price has a P/E ratio of N/Ax compared to the industry average of 22.38x. Investors pay ₹N/A for every ₹1 of annual earnings.

How is Gujarat State Financial Corporation performing according to Bull Run's analysis?

Gujarat State Financial Corporation has a Bull Run fundamental score of 14.2/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.

What sector and industry does Gujarat State Financial Corporation belong to?

Gujarat State Financial Corporation operates in the Financial Institution industry. This classification helps understand the competitive landscape and sector-specific trends affecting Gujarat State Financial Corporation share price.

What is Return on Equity (ROE) and why is it important for GUJSTATFIN?

GUJSTATFIN has an ROE of N/A%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Gujarat State Financial Corporation generates profits from shareholders capital.

How is GUJSTATFIN debt-to-equity ratio and what does it indicate?

GUJSTATFIN has a debt-to-equity ratio of N/A, which indicates conservative financing with low financial risk.

What is GUJSTATFIN dividend yield and is it a good dividend stock?

GUJSTATFIN offers a dividend yield of 0.00%, meaning you receive ₹0.00 annual dividend for every ₹100 invested in Gujarat State Financial Corporation shares.

How has GUJSTATFIN share price grown over the past 5 years?

GUJSTATFIN has achieved 5-year growth rates of: Sales Growth 3.10%, Profit Growth -1.38%, and EPS Growth -1.38%.

What is the promoter holding in GUJSTATFIN and why does it matter?

Promoters hold 83.95% of GUJSTATFIN shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Gujarat State Financial Corporation.

What is GUJSTATFIN market capitalisation category?

GUJSTATFIN has a market capitalisation of ₹101 crores, placing it in the Small-cap category.

How volatile is GUJSTATFIN stock?

GUJSTATFIN has a beta of N/A. A beta > 1 suggests the Gujarat State Financial Corporation stock is more volatile than the market, while a beta < 1 suggests it is less volatile.

What is GUJSTATFIN operating profit margin trend?

GUJSTATFIN has a 5-year average Operating Profit Margin (OPM) of 69.36%, indicating the company's operational efficiency.

How is GUJSTATFIN quarterly performance?

Recent quarterly performance shows Gujarat State Financial Corporation YoY Sales Growth of -85.29% and YoY Profit Growth of -1.04%.

What is the institutional holding pattern in GUJSTATFIN?

GUJSTATFIN has FII holding of 0.00% and DII holding of 1.38%. Significant institutional holding often suggests professional confidence in the Gujarat State Financial Corporation stock.

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