₹10.43
▼ -0.08 -0.76%
17 Jul 2026
BSE Listed · Finance
GSM 0Gujarat State Financial C (532160)
Volume: 3,691Avg Vol 1W: 6,372Avg Vol 1M: 10,08652W Range:₹8.4₹16.93
Key Ratios
Checked just nowMarket Cap₹93 Cr
Current Price₹10.43
Previous Close₹10.51
High / Low (52w)₹16.93 / ₹8.4
Volume3,691
Avg Vol (1W)6,372
Avg Vol (1M)10,086
Stock P/E-0.76
Book Value₹-358.29
Dividend Yield0%
ROE399.25%
ROA-54.49%
Revenue (TTM)—
Revenue Growth—
Profit Margin-3,016.35%
Total Debt—
Shares Outstanding9 Cr
Face Value₹10
EPS (TTM)₹0
P/B0
Debt / Equity0
50 DMA₹10.7
200 DMA₹11.49
Day change-0.76%
SurveillanceGSM 0 (as of 2026-07-17)
Price Chart
₹10.43▼ 33.01% · 1Y
2025-07-172026-07-17
20-day avg volume: 10K shares
Pros
- Healthy return on equity of 399.3%.
- Company is almost debt-free.
Cons
- Company is loss-making at the latest annual result.
- Negative book value per share.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — |
| Net Profit | ₹-31 Cr | ₹-31 Cr | ₹-32 Cr | ₹-31 Cr | ₹-31 Cr | ₹-32 Cr | ₹-32 Cr | ₹-32 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹22 Cr | ₹19 Cr | ₹14 Cr | ₹11 Cr | ₹14 Cr | ₹21 Cr | ₹17 Cr | ₹16 Cr |
| EBITDA | ₹-115 Cr | ₹-117 Cr | ₹-123 Cr | ₹-128 Cr | ₹-125 Cr | ₹-119 Cr | ₹-125 Cr | ₹-127 Cr |
| Net Profit | ₹-115 Cr | ₹-117 Cr | ₹-123 Cr | ₹-128 Cr | ₹-125 Cr | ₹-119 Cr | ₹-125 Cr | ₹-127 Cr |
| EPS | -12.89 | -13.18 | -13.79 | -14.34 | -14.04 | -13.38 | -14.07 | -14.28 |
Balance Sheet
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹153 Cr | ₹165 Cr | ₹174 Cr | ₹180 Cr | ₹190 Cr | ₹206 Cr | ₹220 Cr | ₹234 Cr |
| Total Liabilities | ₹2,473 Cr | ₹2,603 Cr | ₹2,735 Cr | ₹2,868 Cr | ₹3,004 Cr | ₹3,141 Cr | ₹3,281 Cr | ₹3,422 Cr |
| Equity | ₹-2,320 Cr | ₹-2,438 Cr | ₹-2,561 Cr | ₹-2,688 Cr | ₹-2,814 Cr | ₹-2,935 Cr | ₹-3,061 Cr | ₹-3,188 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Operating | ₹-1 Cr | ₹-14 Cr | ₹-8 Cr | ₹-12 Cr | ₹-14 Cr | ₹-17 Cr |
| Investing | ₹1 Cr | ₹9 Cr | ₹9 Cr | ₹11 Cr | ₹14 Cr | ₹16 Cr |
| Financing | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Free Cash Flow | ₹-1 Cr | ₹-14 Cr | ₹-8 Cr | ₹-12 Cr | ₹-14 Cr | ₹-17 Cr |
Shareholding
Promoter 83.95% Institutions 1.13% Public 14.92%
Efficiency & Working Capital
ROCE6%
Interest Coverage0
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days0 d
Cash Conversion Cycle0 d
Working Capital Days0 d
Shareholding Details
As of 2026-06-30
Promoter83.9%
FII0%
DII1.1%
Institutions1.1%
Public14.9%
Promoter Pledge0%
No. of Shareholders22,642
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% | 83.9% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 1.4% | 1.4% | 1.4% | 1.4% | 1.4% | 1.4% | 1.4% | 1.4% | 1.4% | 1.1% | 1.1% | 1.1% |
| Public | 14.6% | 14.6% | 14.6% | 14.6% | 14.6% | 14.6% | 14.6% | 14.6% | 14.7% | 14.9% | 14.9% | 14.9% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 12,445 | 12,625 | 14,385 | 17,782 | 19,691 | 22,371 | 22,944 | 23,126 | 23,044 | 23,108 | 23,196 | 22,642 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| H.e. The Governor Of Gujarat | Shareholding of Promoter and Promoter Group | 55.1% | 4.91 Cr |
| Small Industries Development Bank Of India | Shareholding of Promoter and Promoter Group | 28.4% | 2.53 Cr |
| Central Bank Of India | Public Shareholding | 1.1% | 10,00,000 |
| Gujarat State Fertilizers & Chemicals Ltd | Public Shareholding | 1.1% | 9,35,600 |
| Gujarat Mineral Dev Corporation Ltd | Public Shareholding | 1.1% | 9,35,600 |
| Gujarat State Investment Ltd | Public Shareholding | 1.1% | 9,35,600 |
| Gujarat Maritime Board | Public Shareholding | 1.1% | 9,35,600 |
| Life Insurance Corporation Of India | Shareholding of Promoter and Promoter Group | 0.1% | 94,000 |
| State Bank Of India | Shareholding of Promoter and Promoter Group | 0.1% | 88,750 |
| Bank Of Baroda | Shareholding of Promoter and Promoter Group | 0.1% | 41,150 |
| Dena Bank | Shareholding of Promoter and Promoter Group | 0% | 27,950 |
| Uco Bank | Shareholding of Promoter and Promoter Group | 0% | 27,350 |
| Bank Of India | Shareholding of Promoter and Promoter Group | 0% | 24,750 |
| Union Bank Of India | Shareholding of Promoter and Promoter Group | 0% | 14,750 |
| Central Bank Of India | Shareholding of Promoter and Promoter Group | 0% | 14,750 |
| Punjab National Bank | Shareholding of Promoter and Promoter Group | 0% | 12,250 |
| The Gujarat Industrial Coop Bank Ltd | Shareholding of Promoter and Promoter Group | 0% | 10,900 |
| United Bank Of India | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
| The Bombay Mercantile Coop Bank Ltd | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
| The New India Assurance Co Ltd | Shareholding of Promoter and Promoter Group | 0% | 10,000 |
| Canara Bank | Shareholding of Promoter and Promoter Group | 0% | 5,000 |
| Indian Overseas Bank Ltd | Shareholding of Promoter and Promoter Group | 0% | 5,000 |
| The Mehsana Dist Cent Coop Bank Ltd | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
| Shri Rajkot Dist Coop Bank Ltd | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
| The Ahmedabad Peoples Coop Bank Ltd | Shareholding of Promoter and Promoter Group | 0% | 500 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| H.e. The Governor Of Gujarat | 0 | 0% | 2026-06-30 |
| Small Industries Development Bank Of India | 0 | 0% | 2026-06-30 |
| Life Insurance Corporation Of India | 0 | 0% | 2026-06-30 |
| State Bank Of India | 0 | 0% | 2026-06-30 |
| Bank Of Baroda | 0 | 0% | 2026-06-30 |
| Dena Bank | 0 | 0% | 2026-06-30 |
| Uco Bank | 0 | 0% | 2026-06-30 |
| Bank Of India | 0 | 0% | 2026-06-30 |
| Union Bank Of India | 0 | 0% | 2026-06-30 |
| Central Bank Of India | 0 | 0% | 2026-06-30 |
| Punjab National Bank | 0 | 0% | 2026-06-30 |
| The Gujarat Industrial Coop Bank Ltd | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| MAMTA VERMA | Chairperson | 2026 |
| Swaroop P | Executive Director & MD | 2026 |
| Naresh Babuta | Non Executive Director / Nominee | 2026 |
| Dinesh Kumar | Non Executive Director / Nominee | 2026 |
| Ankita R Christian | Non Executive Director / Nominee | 2026 |
| Leena Katdare | Non Executive Director / Nominee | 2026 |
| Daiya P L | Non Executive Director / Nominee | 2026 |
| Raveendran Nair | Company Sec. & Compli. Officer | 2026 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Financial Service Industry includin | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹10 | 100 | 89 | 94 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | — | Book Closure | Annual General Meeting |
Company Information
Incorporated1960
ChairmanMAMTA VERMA
AuditorPankaj R Shah & Associates/J H Mehta & Co
Investor Email[email protected]
📍 Sector-11 GH 4 Udyog Bhavan, 1st Floor Block No 10, Gandhinagar, Gujarat, 382011
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