Gujarat State Fertilizers & Chemicals Ltd shares jump 1.63% as CARE Ratings reaffirms credit ratings for banks and CP issuance
Why did Gujarat State Fertilizers & Chemicals Ltd shares jump today?
Shares of Gujarat State Fertilizers & Chemicals Ltd (GSFC) saw a notable uptick on Tuesday, trading at ₹149.45 as of 12:19 PM, marking a rise of 1.63% from the previous close. The rally comes after the company announced that CARE Ratings Limited has reaffirmed its credit ratings for the entity's credit facilities and commercial paper issuance. This strong affirmation from a leading credit rating agency has lifted investor sentiment around the stock.
In a regulatory filing to the stock exchanges on October 6, 2026, GSFC disclosed that CARE Ratings, in letters dated October 1, 2026 and received by the company on October 5, 2026, has reaffirmed the following credit ratings — Long Term Bank facilities amounting to Rs. 300 crore at CARE AA+ with a stable outlook, Short Term Bank facilities amounting to Rs. 4,100 crore at CARE A1+, and Commercial Paper of Rs. 1,000 crore at CARE A1+. The reaffirmation signals that the company's financial health and repayment capacity remain strong, which is a reassuring sign for investors, lenders, and bondholders alike.
The market has responded positively to this development, viewing the stable credit outlook as a vote of confidence in GSFC's fundamentals. The company, headquartered in Vadodara, Gujarat, and listed on both BSE (scrip code 500690) and NSE (symbol GSFC), is one of the leading state-run fertilizer companies in India. A strong credit rating typically translates into lower borrowing costs, improved access to credit, and enhanced overall financial stability — factors that investors clearly appreciate. The combination of these ratings reaffirmation with the company's established position in the fertilizer sector appears to have fueled buying interest in the stock today.
What does Gujarat State Fertilizers & Chemicals Ltd do?
Gujarat State Fertilizers & Chemicals Ltd, commonly referred to by its stock symbol GSFC, is a Gujarat-based company headquartered at Fertilizernagar in Vadodara, India. As its name indicates, the company operates within the fertilizers and chemicals sector. The company maintains a presence on India's major stock exchanges, being listed on both the Bombay Stock Exchange with scrip code 500690 and the National Stock Exchange of India with symbol GSFC, reflecting its status as a publicly listed enterprise headquartered in Vadodara, Gujarat.
The company relies on significant banking and financial instruments to fund its operations, holding credit facilities with banks and issuing commercial paper in the market. Its credit profile has been evaluated by CARE Ratings Limited, which has reaffirmed ratings across multiple instruments, including long-term bank facilities of Rs. 300 crore rated CARE AA+ with a Stable outlook, short-term bank facilities amounting to Rs. 4,100 crore rated CARE A1+, and commercial paper of Rs. 1,000 crore rated CARE A. These ratings indicate that the company actively manages substantial credit lines from banks and has access to short-term funding through commercial paper issuance, supporting its ongoing operations in the fertilizers and chemicals space.
Gujarat State Fertilizers & Chemicals Ltd Financials
In CroresGujarat State Fertilizers & Chemicals Ltd reported revenue of ₹2632.67 crores for the March 2026 quarter, which increased to ₹3583.15 crores in the June 2026 quarter, representing a growth of approximately 36% quarter-on-quarter. Similarly, net profit saw a substantial rise from ₹52.1 crores in March 2026 to ₹158.54 crores in June 2026, marking a sharp increase of around 204% during the same period. Both revenue and profitability demonstrated a strong upward trend, with profit growth significantly outpacing revenue growth, suggesting improved margins and operational efficiency in the June 2026 quarter compared to the previous one.
Gujarat State Fertilizers & Chemicals Ltd Shareholding Pattern
Promoter holding stands at 37.84% of the total share capital. Foreign Institutional Investors (FIIs) hold 12.36% stake in the company, while Domestic Institutional Investors (DIIs) hold 7.32%. Public shareholders hold the remaining 42.47% stake in Gujarat State Fertilizers & Chemicals Ltd.
Gujarat State Fertilizers & Chemicals Ltd FAQs
Q: Why did Gujarat shares jump 1.63% today?
CARE Ratings Ltd. vide its letter dated 1st October, 2026 reaffirmed the credit ratings for availing credit facilities from Banks and issuance of Commercial Papers (''CPs").. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Gujarat State Fertilizers & Chemicals Ltd?
As per the latest data, promoters hold 37.84% stake in Gujarat State Fertilizers & Chemicals Ltd, while FII holding stands at 12.36%. Domestic institutional investors hold 7.32%, and public shareholders account for 42.47% of the equity.
Q: What is the current stock price of Gujarat State Fertilizers & Chemicals Ltd?
Gujarat State Fertilizers & Chemicals Ltd shares are currently trading at ₹149.45, recording a gain of 1.63% from the previous close.
Q: What is the market capitalization of Gujarat State Fertilizers & Chemicals Ltd?
The company currently has a market capitalization of ₹5955.25 crore, reflecting its valuation in the Indian equity market.