| Annual Financials | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
Revenue  | 42 | 36 | 18 | 18 | 22 | 19 | 14 | 11 | 14 | 22 | 17 | 18 |
| Expenses | 18 | 19 | 11 | 7 | 8 | 7 | 5 | 5 | 4 | 3 | 3 | 3 |
| EBITDA | 24 | 17 | 7 | 11 | 14 | 13 | 9 | 6 | 11 | 19 | 14 | 15 |
| Operating Profit % | 57 % | 45 % | 10 % | 52 % | 31 % | 51 % | 53 % | 52 % | 64 % | 83 % | 80 % | -461 % |
| Depreciation | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 118 | 121 | 124 | 126 | 128 | 130 | 132 | 134 | 136 | 138 | 139 | 140 |
| Profit Before Tax | -95 | -105 | -117 | -116 | -115 | -117 | -123 | -128 | -125 | -119 | -125 | -126 |
| 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 | -126 |
| EPS in ₹ | -10.64 | -11.78 | -13.15 | -12.96 | -12.89 | -13.18 | -13.79 | -14.34 | -14.04 | -13.38 | -14.07 | -14.10 |
Gujarat State Financial Corp
Gujarat State Financial Corp
11.20
+0.10
(0.90%)
Key Fundamentals
Market Cap
111.50 Cr
EPS
-14.07
PE Ratio
-0.88
Dividend Yield
0.00 %
Industry
Financial Services 52 Week High
25.50
52 Week Low
11.01
PB Ratio
-0.04
Debt to Equity
0.00
Sector
Financial Institution Actual
Company News
View All News
Gujarat State Financial Corporation Publishes Quarterly Financial ResultsNov 12, 2025
Gujarat State Financial Corporation submitted its unaudited financial results for the quarter and half year ended September 30, 2025 to BSE Ltd. The company published extracts of its standalone unaudited financial results in Financial Express newspapers in both English and Gujarati editions on November 11, 2025. The submission follows the outcome of a Board meeting held on November 10, 2025, and complies with SEBI listing regulations requiring quarterly financial result disclosures.
Gujarat State Financial Corporation announced a net loss of Rs 3,144.73 lakh for the quarter ended September 30, 2025, compared to a loss of Rs 3,102.13 lakh in the corresponding quarter of the previous year. For the half-year period, the loss widened to Rs 6,298.13 lakh from Rs 2,813 lakh in the previous year. Total income for the quarter stood at Rs 410.42 lakh versus Rs 407.58 lakh last year. The corporation's net worth remains completely eroded with gross NPA at 100% of gross advances. During the quarter, the corporation wrote back NPA provisions of Rs 15.04 lakh due to decreased loan assets. The auditors issued a qualified opinion citing going concern issues despite the corporation's eroded net worth and liquidity problems. The corporation discontinued its main lending functions since FY 2001-02 and continues only with recovery operations.
Gujarat State Financial Corporation Reports Net Loss of ₹3,102 Crore in Quarterly Results
Aug 13, 2025
Aug 13, 2025Gujarat State Financial Corporation reported a net loss of ₹3,102.13 lakh for the quarter ended June 30, 2025, compared to a loss of ₹3,121.71 lakh in the same quarter last year. Total income decreased to ₹407.51 lakh from ₹412.39 lakh year-over-year, while interest expenses remained high at ₹3,501.82 lakh. The company's gross and net NPA ratios stand at 100%, with reserves showing a negative balance of ₹3,15,431.29 lakh. The Government of Gujarat holds 55.09% stake in the corporation. Statutory auditors issued a qualified opinion citing concerns about the going concern basis of accounting given the company's completely eroded net worth and liquidity problems.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
118.11 | #1 1,54,352.12 | 22.96 | 27,156.50 | 1.88 | 6,502 | 10.19 | 30.31 | |
362.35 | 1,19,579.19 | 3.74 | #1 1,07,203.50 | 17.05 | #1 30,514 | 8.59 | 24.59 | |
356.35 | 93,834.94 | 5.51 | 56,434.00 | 18.63 | 15,884 | 9.34 | 33.69 | |
238.85 | 47,815.38 | 16.94 | 10,348.40 | 30.20 | 2,709 | 3.08 | 49.33 | |
144.36 | 40,554.06 | 23.92 | 6,755.70 | #1 36.06 | 1,698 | 41.65 | 31.08 | |
51.73 | 13,937.69 | 22.78 | 2,064.20 | -2.39 | 349 | #1 71.66 | 28.98 | |
73.70 | 3,412.14 | 34.71 | 254.30 | -1.62 | 85 | -8.80 | 48.41 | |
11.20 | #8 111.50 | #1 -0.88 | #8 17.20 | #8 -20.00 | #8 -125 | #7 -1.59 | 16.34 |
Growth Rate
Revenue Growth
-20.00 %
Net Income Growth
5.12 %
Cash Flow Change
-18.05 %
ROE
0.99 %
ROCE
-27.50 %
EBITDA Margin (Avg.)
-4.31 %
Yearly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 108 | 123 | 129 | 140 | 153 | 165 | 174 | 180 | 190 | 206 | 220 |
| Fixed Assets | 4 | 4 | 5 | 4 | 4 | 3 | 3 | 3 | 2 | 2 | 2 |
| Current Assets | 97 | 108 | 115 | 127 | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
| Capital Work in Progress | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 103 | 118 | 125 | 135 | 150 | 162 | 171 | 177 | 188 | 204 | 218 |
| Total Liabilities | 108 | 123 | 129 | 140 | 153 | 165 | 174 | 180 | 190 | 206 | 220 |
| Current Liabilities | 3 | 1,434 | 1,558 | 1,683 | 1,812 | 1,941 | 2,073 | 2,207 | 2,342 | 2,480 | 2,619 |
| Non Current Liabilities | 1,973 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 | 662 |
| Total Equity | -1,868 | -1,973 | -2,090 | -2,205 | -2,320 | -2,438 | -2,561 | -2,688 | -2,814 | -2,935 | -3,061 |
| Reserve & Surplus | -1,961 | -2,066 | -2,184 | -2,299 | -2,414 | -2,531 | -2,654 | -2,782 | -2,907 | -3,029 | -3,154 |
| Share Capital | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 | 94 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 23 | 12 | 7 | 1 | -2 | -0 | 0 | -5 | 1 | -1 | 1 |
| Investing Activities | 25 | 11 | 9 | -2 | -7 | -2 | 1 | 9 | 9 | 11 | 14 |
| Operating Activities | -2 | 1 | -2 | 3 | 5 | 2 | -1 | -14 | -8 | -12 | -14 |
| Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % | 83.95 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| DIIs | 1.55 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.44 % | 1.38 % |
| Government | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % | 4.20 % |
| Public / Retail | 8.18 % | 8.28 % | 8.29 % | 8.30 % | 8.35 % | 8.36 % | 8.38 % | 8.63 % | 8.64 % | 8.65 % | 8.80 % | 8.81 % | 8.81 % | 8.79 % | 8.78 % | 8.81 % | 8.82 % | 8.65 % | 8.73 % |
| Others | 2.11 % | 2.13 % | 2.12 % | 2.11 % | 2.06 % | 2.05 % | 2.03 % | 1.78 % | 1.77 % | 1.76 % | 1.61 % | 1.60 % | 1.60 % | 1.62 % | 1.63 % | 1.60 % | 1.59 % | 1.76 % | 1.75 % |
| No of Share Holders | 8,701 | 8,929 | 9,388 | 11,255 | 12,257 | 12,423 | 12,252 | 12,374 | 12,261 | 12,159 | 12,445 | 12,625 | 14,385 | 17,782 | 19,691 | 22,371 | 22,944 | 23,126 | 23,044 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 25 Jul 2024 |  Annual General Meeting | NA | 25 Jul 2024 | 27.18 | 23.71 |
| 07 Nov 2024 |  Quarterly Result Announcement | NA | 07 Nov 2024 | 22.45 | 23.01 |
| 11 Feb 2025 | Quarterly Result Announcement | NA | 11 Feb 2025 | 18.89 | 19.50 |
| 27 May 2025 | Quarterly Result Announcement | NA | 27 May 2025 | 17.12 | 17.18 |
| 30 Jul 2025 | Annual General Meeting | NA | 30 Jul 2025 | 16.53 | 14.86 |
| 13 Aug 2025 | Quarterly Result Announcement | NA | 13 Aug 2025 | 14.50 | 13.98 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 13.01 | 12.71 |
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 11, 2025
Nov 11, 2025Results Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025
Nov 10, 2025
Nov 10, 2025Board Meeting Outcome for Outcome Of Board Meeting - Unudited Financial ResultsNov 10, 2025
Nov 10, 2025Board Meeting Intimation for Considering Inter Alia The Unaudited Financial Results For The Quarter And Half Year Ended September 30 2025Nov 03, 2025
Nov 03, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 14, 2025
Oct 14, 2025Closure of Trading WindowSep 25, 2025
Sep 25, 2025Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Imposing Of FineSep 01, 2025
Sep 01, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Results - Unaudited Financial Results For The Quarter Ended June 30 2025Aug 13, 2025
Aug 13, 2025Board Meeting Outcome for Outcome Of Board MeetingAug 13, 2025
Aug 13, 2025Board Meeting Intimation for Considering Inter Alia Unaudited Financial Results For The Quarter Ended June 30 2025Aug 11, 2025
Aug 11, 2025Board Meeting Intimation for Inter Alia Considering Unaudited Financial Results For The Quarter Ended June 30 2025 On August 12 2025Jul 31, 2025
Jul 31, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportJul 31, 2025
Jul 31, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMJul 30, 2025
Jul 30, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2025
Jul 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 02, 2025
Jul 02, 2025Reg. 34 (1) Annual Report.Jun 26, 2025
Jun 26, 2025Closure of Trading WindowJun 24, 2025
Jun 24, 2025Notice Of 65Th AGM Scheduled On July 30 2025Jun 17, 2025
Jun 17, 2025Book Closure For The Purpose Of 65Th Annual General MeetingJun 17, 2025
Jun 17, 2025Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations 2015 - Fine Imposed By BSE LtdMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 28, 2025
May 28, 2025Results - Financial Results For The Quarter And Year Ended March 31 2025May 27, 2025
May 27, 2025Board Meeting Outcome for Outcome Of Board MeetingMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateMay 22, 2025
May 22, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 21, 2025
May 21, 2025Board Meeting Intimation for Considering Audited Financial Results For The Quarter And Year Ended March 31 2025May 16, 2025
May 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Apr 04, 2025Closure of Trading WindowMar 21, 2025
Mar 21, 2025Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations 2015Mar 18, 2025
Mar 18, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 12, 2025
Feb 12, 2025Integrated Filing (Financial)Feb 11, 2025
Feb 11, 2025Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2024Feb 11, 2025
Feb 11, 2025Board Meeting Outcome for Outcome Of Board MeetingFeb 11, 2025
Feb 11, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateFeb 04, 2025
Feb 04, 2025Board Meeting Intimation for Considering Inter Alia The Unaudited Financial Results For The Quarter And Nine Months Ended December 31 2024Jan 30, 2025
Jan 30, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 09, 2025
Jan 09, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateDec 05, 2024
Dec 05, 2024Disclosure Of Event Or Information Under Regulation 30 Of LODRNov 22, 2024
Nov 22, 2024Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 08, 2024
Nov 08, 2024Results - Financial Results For The Quarter And Half Year Ended September 30, 2024Nov 07, 2024
Nov 07, 2024Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024Nov 07, 2024
Nov 07, 2024Board Meeting Intimation for Considering The Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024 On November 07, 2024Oct 24, 2024
Oct 24, 2024Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Oct 09, 2024
Oct 09, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Closure of Trading WindowSep 26, 2024
Sep 26, 2024Technical Indicators
RSI(14)
Oversold 15.08
ATR(14)
Less Volatile 0.59
STOCH(9,6)
Oversold 16.26
STOCH RSI(14)
Oversold 0.00
MACD(12,26)
Bearish -0.13
ADX(14)
Weak Trend 16.61
UO(9)
Bearish 30.95
ROC(12)
Downtrend And Accelerating -12.67
WillR(14)
Oversold -96.02
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