Gujarat State Financial Share Price: Several penny stocks on the stock market have provided multibagger gains to investors. One such penny share is that of Gujarat State Financial.
This stock has delivered investors multibagger gains in the last three years. In February 2021, the share price was ₹3, which has increased to the level of ₹40.
Investors are receiving a return of 1232 percent. If we look at the amount, an investment of ₹ 1 lakh in this share in January 2021 would have now converted into ₹ 13.32 lakh.
Information About The Business
Gujarat State Financial Services Limited (GSFS) is a wholly owned company belonging to the Gujarat State Government. Government of Gujarat which owns an absolute majority stake.
It’s registered with RBI as a non-banking finance firm. It has been given the authority to manage the surplus funds of individual organizations and public undertakings of the state.
The company was established in 1960. The headquarters of the company is in Gandhinagar, India.
52-Week High Of The Share
On Wednesday, the third day of trading during the week, stocks reached a 52-week high of 39.96. This stock has given a return of 138 percent from its 52-week low of 5.80 till now.
We will tell you that on the 5th of April 2023, the stock hit a 52-week high of 5.80. February is the third month in the last 4 months when the stock is growing in double digits.
Earlier, it had increased by about 96 percent in December 2023 and by 64 percent in November.
Quarterly Results Are Expected
The company hasn’t yet released the results of its December quarter. The company posted an operating loss of 308.8 million.
There was a loss of ₹32.56 in the same quarter last year. Meanwhile, its revenue for the September quarter stood at ₹97 lakh, several times higher than ₹9 lakh in the same quarter last year.
What Is The Broker’s Opinion?
As per a global brokerage firm, the stock has experienced a significant increase. It is efficient in asset management with EPS (Earnings Per Share) growth. The brokerage also mentioned some of its risks.
For example, problems may arise due to high interest payments compared to earnings, cash flow, and others.
About Gujarat State Financial Corporation
Gujarat State Financial Corporation is an Indian company that is an institution for lending development. It was publicly incorporated on 20 November 1992.
It is classified as a State Govt. company in Ahmedabad. Its share capital authorized is at Rs. 3,000,000, while its capital that has been paid is in the amount of Rs. 1,379,960,590. The company is involved with Other finance intermediation.
The Company focuses on offering financial assistance to smaller and small medium-sized industries, and also to create jobs. It is involved in the process of recouping debts from its borrowers as well as paying its lenders.
The company’s operations are focused on financial services, which include investment operations.
Fundamental Analysis of Gujarat State Financial Corporation
| Market Cap | ₹ 306 Cr. |
| Current Price | ₹ 34.36 |
| 52-wk High | ₹ 40.0 |
| 52-wk Low | ₹ 5.80 |
| Stock P/E | — |
| Book Value | ₹ -323 |
| Dividend | 0.00 % |
| ROCE | — |
| ROE | — |
| Face Value | ₹ 10.0 |
| P/B Value | — |
| OPM | -21.2 % |
| EPS | ₹ -13.4 |
| Debt | ₹ 662 Cr. |
| Debt to Equity | — |
Gujarat State Financial Corporation Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹35 | ₹41 |
| 2025 | ₹42 | ₹44 |
| 2026 | ₹45 | ₹47 |
| 2027 | ₹50 | ₹60 |
| 2028 | ₹61 | ₹65 |
| 2029 | ₹68 | ₹72 |
| 2030 | ₹73 | ₹100 |
Gujarat State Financial Corporation Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 83.95% |
| Mar 2023 | 83.95% |
| June 2023 | 83.95% |
| Sept 2023 | 83.95% |
| Dec 2023 | 83.95% |
| DII Holding | |
| Dec 2022 | 1.44% |
| Mar 2023 | 1.44% |
| June 2023 | 1.44% |
| Sept 2023 | 1.44% |
| Dec 2023 | 1.44% |
| Govt. Holding | |
| Dec 2022 | 4.20% |
| Mar 2023 | 4.20% |
| June 2023 | 4.20% |
| Sept 2023 | 4.20% |
| Dec 2023 | 4.20% |
| Public Holding | |
| Dec 2022 | 10.41% |
| Mar 2023 | 10.41% |
| June 2023 | 10.40% |
| Sept 2023 | 10.41% |
| Dec 2023 | 10.40% |
Gujarat State Financial Corporation Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 12 Cr |
| 2020 | ₹ 13 Cr |
| 2021 | ₹ 11 Cr |
| 2022 | ₹ 10 Cr |
| 2023 | ₹ 4 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ -115 Cr |
| 2020 | ₹ -117 Cr |
| 2021 | ₹ -123 Cr |
| 2022 | ₹ -128 Cr |
| 2023 | ₹ -119 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.29 |
| 2020 | 0.27 |
| 2021 | 0.26 |
| 2022 | 0.25 |
| 2023 | 0.24 |
Last 10 Years’ Profit Growth:
| 10 Years: | 1% |
| 5 Years: | -2% |
| 3 Years: | -2% |
| Current Year: | 2% |
Sales Growth Over 10 Years:
| 10 Years: | -10% |
| 5 Years: | -7% |
| 3 Years: | -8% |
| Current Year: | 1108% |
Conclusion
This article is a complete guide about Gujarat State Financial Corporation Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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