Gujarat State Financial Corporation
Gujarat State Financial Corporation (GUJSTATFIN) share price was ₹8.18 at the 28 Oct 2026 close; market capitalisation ₹72.93 Cr; sector Financial Services. The share price fell 38.4% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue was under ₹1 Cr in both quarters and net profit was −₹20 Cr, against −₹31 Cr a year earlier (compared with Jun 2025). Promoters held 83.95% of Gujarat State Financial Corporation in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 33/100 (Poor) as of 28 Oct 2026.
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures as of 28 Oct 2026, 15:30 IST · EPS basis: Standalone · TTM
Peer Comparison
Financial Services › Financial Institution
| ₹321.70 | 4.08 | 1,06,164 Cr | 0.74 | 1.24% | 19.39% | 9.59% | 1,14,711 Cr | 33,642 Cr | |
| ₹75.18 | 13.33 | 98,249 Cr | 1.62 | 1.54% | 12.35% | 5.48% | 30,364 Cr | 7,371 Cr | |
| ₹297.10 | 4.88 | 78,233 Cr | 0.82 | 2.71% | 19.17% | 9.64% | 59,122 Cr | 16,035 Cr | |
| ₹148.40 | 6.98 | 29,708 Cr | 1.45 | 0.87% | 18.36% | 7.54% | 14,119 Cr | 4,255 Cr | |
| ₹100.98 | 14.43 | 28,368 Cr | 1.98 | 1.35% | 13.59% | 8.03% | 8,879 Cr | 1,970 Cr | |
| ₹58.26 | 91.03 | 15,697 Cr | 1.75 | 0.00% | 2.80% | 4.69% | 2,048 Cr | 432 Cr | |
| ₹158.31 | 47.54 | 7,329 Cr | 5.57 | 0.39% | 9.11% | 10.32% | 243 Cr | 154 Cr | |
| — | — | 73 Cr | — | 0.00% | 3.99% | -0.55% | 17 Cr | -116 Cr | |
| Median 8 companies | ₹148.40 | 13.33 | 29,038 Cr | 1.62 | 1.06% | 12.97% | 7.79% | 11,499 Cr | 3,113 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Data confidence 85/100
Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Weaknesses
3- Company has low interest coverage ratio.
- Earnings include an other income of Rs.11.8 Cr.
- Company's cost of borrowing seems high
Technical Indicators
Oscillators
Bearish
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 1 | 0 | 1 | 1 | 0 | -1 | 0 | 0 | 0 | 0 | 4 | 0 |
| Expenses | 1 | 3 | -1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Financing Profit | -32 | -36 | -34 | -34 | -35 | -36 | -37 | -35 | -36 | -36 | -36 | -32 | -24 |
| Fin. Margin % | -1046% | -3736% | -168750% | -5524% | -6558% | -10462% | 3813% | -14056% | -39456% | -72320% | — | -776% | — |
| Other Income | 3 | 5 | 3 | 5 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | -1 | 4 |
| Interest | 34 | 35 | 35 | 34 | 35 | 35 | 35 | 35 | 35 | 36 | 36 | 35 | 23 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -28 | -31 | -30 | -30 | -31 | -31 | -32 | -31 | -31 | -32 | -32 | -32 | -20 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -28 | -31 | -30 | -30 | -31 | -31 | -32 | -31 | -31 | -32 | -32 | -32 | -20 |
| EPS (₹) | -3.18 | -3.47 | -3.41 | -3.32 | -3.5 | -3.53 | -3.55 | -3.48 | -3.48 | -3.59 | -3.58 | -3.63 | -2.21 |
| Gross NPA % | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | — | 100% |
| Net NPA % | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | 100% | — | 100% |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 29 | 34 | 12 | 15 | 12 | 13 | 11 | 10 | 10 | 18 | 15 | 16 | 4 |
| Expenses | 45 | 19 | 11 | 7 | 8 | 6 | 5 | 5 | 4 | 3 | 3 | 2 | 2 |
| Financing Profit | -134 | -106 | -122 | -118 | -124 | -123 | -126 | -128 | -129 | -123 | -127 | -127 | -128 |
| Fin. Margin % | -465% | -309% | -1001% | -802% | -1049% | -937% | -1149% | -1246% | -1272% | -696% | -829% | -776% | -3092% |
| Other Income | 40 | 1 | 6 | 3 | 10 | 6 | 3 | 1 | 4 | 4 | 2 | 0 | 12 |
| Interest | 118 | 121 | 124 | 126 | 128 | 130 | 132 | 134 | 136 | 137 | 139 | 141 | 129 |
| Depreciation | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -127 | -116 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
| Net Profit | -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -127 | -116 |
| EPS (₹) | -10.64 | -11.78 | -13.15 | -12.96 | -12.89 | -13.18 | -13.79 | -14.34 | -14.04 | -13.38 | -14.07 | -14.28 | -13.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 |
| Reserves | -1,961 | -2,066 | -2,184 | -2,299 | -2,414 | -2,531 | -2,654 | -2,782 | -2,907 | -3,029 | -3,154 | -3,282 |
| Borrowing | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 |
| Other Liabilities | 1,314 | 1,434 | 1,558 | 1,683 | 1,812 | 1,941 | 2,073 | 2,207 | 2,342 | 2,479 | 2,619 | 2,760 |
| Total Liabilities | 108 | 123 | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 206 | 220 | 234 |
| Fixed Assets | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
| CWIP | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 3 | 2 | 2 | 126 | 141 | 153 | 163 | 170 | 179 | 194 | 206 | 221 |
| Other Assets | 101 | 116 | 123 | 10 | 8 | 9 | 8 | 7 | 9 | 10 | 12 | 11 |
| Total Assets | 108 | 123 | 129 | 139 | 153 | 165 | 174 | 180 | 190 | 206 | 220 | 234 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -2 | 1 | -2 | 3 | 5 | 2 | -1 | -14 | -8 | -12 | -14 | -17 |
| Investing | 25 | 11 | 9 | -2 | -7 | -2 | 1 | 9 | 9 | 11 | 14 | 16 |
| Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 23 | 12 | 7 | 1 | -2 | 0 | 0 | -4 | 1 | -1 | 1 | -1 |
| Free Cash Flow | 1 | 1 | -2 | 3 | 5 | 2 | -1 | -14 | -8 | -12 | -14 | -17 |
| CFO/OP | 12 | 7 | -141 | 38 | 123 | 26 | -21 | -258 | -125 | -79 | -111 | -122 |
Ratios
| Particulars | Mar 2006 | Mar 2007 |
|---|---|---|
| ROCE % | — | -2.04% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY15–FY27.
Documents
Frequently Asked Questions about Gujarat State Financial Corporation
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Company Information
Incorporated in 1960, Gujarat State Financial Corporation is a term lending development financial institution mandated to provide finance to small and medium scale enterprises.
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