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GFL Ltd (GFLLIMITED)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500173 NSE: GFLLIMITED Finance - Investment | Small Cap | GFL Share Price
₹56.58 1.33 (2.41%)
As on 18-Sep'26 16:59
GFL Ltd (GFLLIMITED)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500173 NSE: GFLLIMITED Finance - Investment | Small Cap | GFL Share Price
₹56.58 1.33 (2.41%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹622 Cr.
Current Price
₹56.6
52-Week Low / High
₹37 / 80
TTM EPS
₹5.5
Book Value per Share
₹233.4
P/E Ratio
10.25
Higher than its 5-year historical median
Industry PE
56.7
Price to Book (P/B)
0.24
Lower than its 5-year historical median
EV/EBITDA
341.22
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
1.77%
Outperforms industry median
Return on Capital Employed (ROCE)
2.07%
Outperforms industry median
Return on Assets (ROA)
1.66%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Improving versus 3-year growth rate
10.84%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
0.06%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹3.8 Cr.
Reserves
₹2,553 Cr.
Equity
₹11 Cr.
Face Value
₹1
All Time Low / High
₹2.35 / 1140.95
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Strong
Is GFL Ltd a good quality company?
GFL Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
-
How efficiently has it grown and managed operations?
By checking its Total Asset growth.
-
How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does GFL Ltd performance compare with that of its Peers?
AUM Growth of GFL Ltd vs Industry Peers?
GFL Ltd AUM CAGR is -5.33%, compared to the 5-year industry median CAGR of 9.58%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of GFL Ltd?
Promoters hold 68.72% of the GFL Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of GFL Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of -20.2% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GFL Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 1,428 | 2,056 | 0 | 7.9 | 1 | 1.8 | 3.2 | 3.2 | 3.3 | 3.7 | 4 | |
| YoY Gr. Rt. % | - | 44% | -100% | NA | -86.8% | 69% | 83.3% | -0.9% | 3.8% | 11% | - | |
| Adj EPS (₹ ) | 13.3 | 44.4 | 2.8 | 0.5 | -0.3 | 0.1 | 211.6 | 0.1 | -3.1 | 0.2 | 0.1 | |
| YoY Gr. Rt. % | - | 233% | -93.6% | -84.1% | -155.6% | NA | 234977.8% | -99.9% | -2314.3% | NA | - | |
| BVPS (₹ ) | 276.4 | 316.7 | 428.7 | 106.9 | 28.3 | 28.4 | 240 | 240.2 | 237.1 | 237.2 | 237.2 | |
| YoY Gr. Rt. % | - | 14.6% | 35.4% | -75.1% | -73.5% | 0.3% | 744.5% | 0.1% | -1.3% | 0.1% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 3.7 | 10.9 | 0.6 | 0.1 | -0.4 | 0.3 | 150.1 | 0.1 | -1.2 | 0.1 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | -48.4% | 28.7% | 4.5% | 11% | ||||
| Adj EPS | -39.3% | NA | -91.1% | NA | ||||
| BVPS | -1.7% | 53% | -0.4% | 0.1% | ||||
| Share Price | -20.2% | -4.2% | -13.7% | -6.4% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 10.3 | 23.7 | 0 | 63.4 | -265.9 | 55 | 0 | 48.4 | -1026.1 | 44.4 | 40.6 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 4.9 | 15 | 0.8 | 0.2 | -0.4 | 0.3 | 157.6 | 0.1 | -1.3 | 0.1 | 0.1 | |
Valuation of GFL - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 6,415 | 4,207 | 3,209 | 1,916 | 378 | 5 | -52 | -7 | -47 | 55 |
| Exceptional Items ⓘ | 127 | 315 | 240 | 18 | 271 | 3 | -55 | -10 | -50 | 51 |
| Expenditure ⓘ + | 5,773 | 3,918 | 3,043 | 1,787 | 817 | 9 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | -201 | -10 | -5 | 0 | -5 | 1 | 2,450 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 441 | 279 | 161 | 129 | -444 | -3 | 2,396 | -8 | -48 | 53 |
| Taxes ⓘ | 227 | 39 | 58 | 114 | -108 | 1 | 137 | -1 | 27 | 8 |
| Profit After Tax | 215 | 240 | 103 | 15 | -336 | -4 | 2,259 | -8 | -76 | 45 |
| Adjusted EPS (₹) | 8.0 | 23.1 | 118.8 | -11.2 | -21.1 | -10.1 | 204.7 | -0.7 | -6.9 | 4.1 |
| Dividend Payout Ratio (%) | 43.60% | 15.20% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 4,518 | 4,767 | 5,977 | 2,179 | 373 | 353 | 2,602 | 2,594 | 2,521 | 2,565 |
| Short term borrowings | 1,857 | 1,073 | 1,290 | 635 | 22 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 1,574 | 812 | 300 | 2,471 | 2,504 | 2,539 | 138 | 137 | 164 | 171 |
| Current Liabilities | 3,757 | 2,981 | 3,478 | 3,486 | 387 | 394 | 2 | 1 | 1 | 1 |
| Trade Payables | 1,105 | 842 | 1,283 | 1,193 | 116 | 136 | 0 | 0 | 0 | 0 |
| Other Liabilities | -2,961 | -1,914 | -2,573 | -1,828 | -138 | -136 | -0 | -0 | -0 | -0 |
| Total Liabilities ⓘ | 10,931 | 9,753 | 11,043 | 9,148 | 3,599 | 3,677 | 2,741 | 2,732 | 2,686 | 2,737 |
Assets | ||||||||||
| Non Current Asset + | 5,009 | 5,787 | 6,536 | 5,483 | 3,368 | 3,334 | 2,690 | 2,680 | 2,632 | 2,681 |
| Current Asset + | 5,922 | 3,966 | 4,508 | 3,665 | 231 | 343 | 51 | 52 | 54 | 56 |
| Total Assets ⓘ | 10,931 | 9,753 | 11,043 | 9,148 | 3,599 | 3,677 | 2,741 | 2,732 | 2,686 | 2,737 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 732 | 952 | 996 | 1,214 | -156 | 89 | 402 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -674 | 589 | -956 | -568 | 74 | -160 | -219 | -0 | -1 | -0 |
| Cash Flow From Financing Activity ⓘ | 53 | -1,668 | -79 | -629 | 56 | 85 | -184 | 0 | 0 | 0 |
| Net Cash Flow ⓘ | 110 | -127 | -40 | 17 | -26 | 15 | -1 | 0 | -0 | 0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 8 | 23.10 | 118.80 | -11.20 | -21.10 | -10.10 | 204.70 | -0.70 | -6.90 | 4.10 |
| DPS (₹) | 3.50 | 3.50 | 3.50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 411.3 | 433.9 | 544 | 198.3 | 33.9 | 32 | 236.9 | 236.2 | 229.5 | 233.5 |
Performance Ratios | ||||||||||
| ROA (%) | 2.0 | 2.3 | 1.0 | 0.2 | -5.3 | -0.1 | 70.4 | -0.3 | -2.8 | 1.7 |
| ROE (%) | 4.8 | 5.2 | 1.9 | 0.4 | -26.3 | -1.1 | 152.9 | -0.3 | -3.0 | 1.8 |
| ROCE (%) | 9.5 | 7.7 | 4.4 | 6.3 | -11.0 | -0.7 | 157.6 | -0.3 | -1.9 | 2.1 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 1.8 | 1.8 | 2.0 | 0.4 | 2.4 | 2.5 | 0.2 | 0.3 | 0.2 | 0.2 |
Top 5 Mutual Funds Holding
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Announcements
GFL Ltd FAQs
The current trading price of GFL on 18-Sep-2026 16:59 is ₹56.58.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of GFL stood at ₹621.5 Cr
The latest P/E ratio of GFL as of 17-Sep-2026 is 417.1.
The latest P/B ratio of GFL as of 17-Sep-2026 is 0.24.
The 52-week high of GFL is ₹79.80 and the 52-week low is ₹37.07.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GFL is ₹3.79 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that GFL Ltd is a below average quality company.
The key valuation ratios of GFL Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of GFL Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About GFL Ltd
GFL Limited (Earlier known as Gujarat Fluorochernicals Limited) is a Holding Company of INOX Leisure Limited (one of the largest multiplex chains in the Country) and INOX Infrastructure Limited. The Company demerged its renewable energy business and now GFL Limited continues to hold its investment in INOX Leisure Limited - one of the largest multiplex chains in the Country.
The company was incorporated in the year 1987 and commenced commercial operations in 1989. It is a public limited company, listed on both the leading Stock Exchanges of India i.e. BSE Limited and the National Stock Exchange of India Limited.
The Group is mainly engaged in operating and managing multiplexes and cinema theatres in India. During FY23, the holding company has started business of distribution of investment products and is registered as a sub broker.
INOX Group of companies includes:
GFL limited
- INOX Leisure Limited
- INOX Infrastructure Limited
INOX Air Products Private Limited
INOX India Limited.
Business area of the company
GFL is a Holding Company of INOX Leisure Limited and INOX Infrastructure Limited. The company has retained its investment in INOX Leisure Limited, one of the country’s leading multiplex chains. The company is also engaged in the business of Mutual Fund distribution.
In the preceding year, the Group’s Renewable Energy Business which was engaged in manufacture and sale of wind turbine generators (WTGs), providing Erection, Procurement and Commissioning (EPC) services, Operations and Maintenance (O&M) services, wind farms development services and common infrastructure facilities for WTGs and power generation through renewable energy, was demerged with effect from July 1, 2020.
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