Gujarat State Financial Corporation

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NSEBSE
Stock not tradded

28.63-1.31 (-4.38%)

12:00 AM,23rd Feb 2024

BSE : 532160

NSE : GUJSTATFIN

Sector : Financials

ISIN Code : INE944A01011

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Last Updated: Feb 23 2024 | 12:00 AM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

55.75

All Time High Date

14 Jan 1999

All Time Low

8.10

All Time Low Date

13 Aug 1999

Gujarat State Financial Corporation

Gujarat State Financial Corporation(GSFC) established on 1st May 1960 and operating from Gujarat is the second state level developmental institution to go public after Haryana Financial Corporation. Its main object is to provide financial assistance to small and medium scale new/existing industrial and service sector units all over Gujarat for acquisition of fixed assets preliminary and pre-operative expenses expansion modernization diversification etc.The Corporation is a Category-I Merchant Banker. It lends to small and medium scale units. It is also into leasing hire purchase and fee based activities. A large portion of its resources is derived from refinance by SIDBI and IDBI. Currently it is engaged in the activity of recovering dues from its borrowers and paying its lenders.The Corporation came out with a Public Issue in Feb.'97 at a premium of Rs. 10. The State Government of Gujarat hold 49.93% in the corporation.GSFC took up the lead to encourage entrepreneurship in hi-tech agriculture & accelerate the growth in this sector. It has taken on an added role of nodal agency for export promotion in Gujarat by actively exploring potential export market and identifying overseas business opportunities. The Corporation has starting online services wherein all the assisted customers have complete information at the press of computer keys. GSFC was appointed as the Channelising Agency by NHFDC to sanction loan at a concessional rate of interest between 5% to 10%.GSFC played an important role in the industrial development of the State. Till date it financed 47331 units and disbursed Rs. 3300 crore generating employment for over 600000 persons. Many units financed by it are still now well established and have graduated from small to medium and large scale. Apart from this One Time Settlement schemes have been introduced to expedite recovery. Cost cutting exercise has been implemented to reduce manpower by deputing staff to various Government departments and by implementing VRS. Hence the Government has formed a high-powered committee under Chief Secretary to decide on the future of GSFC. Committee decided to offer VRS to employees have OTS scheme and restructure the organization as well.The main objective of establishment of the Corporation is aimed at achieving balanced regional growth by extending financial assistance to first generation entrepreneurs to establish micro and small scale units in the State and to generate employment.Corporation has so far suffered immense loss and its net worth is already eroded but it is continuing its recovery function in 2023.

Gujarat State Financial Corporation - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

255

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

-0.09

Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]-322.92
P/B Ratio (₹) [S]-0.09
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

28.45

31.30

Week Low/High

28.45

35.00

Month Low/High

24.80

40.00

Year Low/High

5.80

40.00

All time Low/High

0.57

40.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-11.66%%1.290.78%
1 Month11.01%%4.244.59%
3 Month178.23%%11.1212.17%
6 Month166.57%%12.1114.24%
1 Year313.13%%23.0726.85%
3 Year1009.69%%47.4551.03%

Company Info

Company Information

Company Sec. & Compli. Officer : Raveendran Nair

Nominee (Govt) : Ankita R Christian

Nominee (SIDBI) : Sanjay Gupta

Nominee (Govt) : Leena Katdare

Nominee (LIC) : Sanjeev Mehta.

Nominee (SIDBI) : Akash Pawar

Managing Director : Sandip J Sagale

Registered Office: Sector-11 GH 4 Udyog Bhavan, 1st Floor Block No 10,Gandhinagar,Gujarat-382011 Ph: 91-79-23256761-66/23256772-74

Email:webmaster-gsfc@gujarat.gov.in

URL:http://www.gsfc.gujarat.gov.in