SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GEE Ltd (504028)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504028 NSE: Electrodes & Welding Equipment | Small Cap | GEE Share Price

₹79.32 1.29 (1.65%)

As on 04-Jun'26 16:59

GEE Ltd (504028)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 504028 NSE: Electrodes & Welding Equipment | Small Cap | GEE Share Price

₹79.32 1.29 (1.65%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹412 Cr.
Current Price
₹79.3
52-Week Low / High
₹54 / 98
TTM EPS
₹2.5
TTM Sales
₹369 Cr.
Book Value per Share
₹27.9
P/E Ratio
31.72
Higher than its 5-year historical median
Industry PE
44.7
Price to Book (P/B)
2.84
Higher than its 5-year historical median
Price to Sales (P/S)
1.12
Higher than its 5-year historical median
EV/EBITDA
13.73
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-7.29%
Underperforms industry median
Return on Capital Employed (ROCE)
-1.47%
Underperforms industry median
Return on Assets (ROA)
-2.89%
Operating Profit Margin
0.3%
Net Profit Margin
-2.77%
Gross Profit Margin
-2.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-9.56%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-97.12%
Net Profit Growth (1 Year)
-
-171.85%
Asset Quality
Promoter Holding
63.97%
Pledged shares (%) of Promoter's holding (%)
43.36%
Reserves
₹135 Cr.
Equity
₹10.4 Cr.
Face Value
₹2
All Time Low / High
₹0.13 / 101.45

GEE stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is GEE Ltd a good quality company?
GEE Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares 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 Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does GEE Ltd performance compare with that of its Peers?
Q.1 Revenue growth of GEE Ltd vs industry peers?
GEE Ltd revenue CAGR is 4.17%, compared to the industry median CAGR of 7.29%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of GEE Ltd?
Promoters hold 63.97% of the GEE Ltd, with 43.36% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of GEE Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 16.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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.
GEE Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.7%10%8.6%8.8%12.6%15.7%15%10.5%12.5%-1.5%-
Value Creation
Index
-0.1-0.3-0.4-0.4-0.10.10.1-0.3-0.1-1.1-

Growth Parameters

Sales 190198216274272253323396369334369
Sales YoY Gr.-4.4%9.1%27%-0.8%-7.2%28%22.3%-6.7%-9.6%-
Adj EPS 0.70.60.60.51.82.32.71.52.5-1.82.5
YoY Gr.--11.1%-4.7%-26.2%304.4%26.9%17.3%-43.2%59.7%-171.5%-
BVPS (₹) 11.912.613.213.615.517.920.822.825.323.527.9
Adj Net
Profit
3.73.33.22.49.51214.1812.8-9.113
Cash Flow from Ops. 16.621.12.8256.22.5145.213.8-
Debt/CF from Ops. 2.624.152.323.72.49.730.487.91.85.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.5%4.2%1.1%-9.6%
Adj EPS -210.4%-199.3%-186.6%-171.5%
BVPS7.9%8.7%4.2%-7%
Share Price 16.4% 25.2% 29.5% 4.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.25.231.66.27.37.94.26.4-4.69.7
Op. Profit
Mgn %
7.66.75.95.37.510.18.65.97.80.39.1
Net Profit
Mgn %
21.71.50.93.54.84.423.5-2.73.5
Debt to
Equity
0.70.70.80.90.70.70.70.70.60.70.1
Working Cap
Days
14814514914015317015615316416172
Cash Conv.
Cycle
878799909510810510812211629

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales190198216274272253323396369334
Operating Expenses + 175185203260252227296372340333
Manufacturing Costs23252630312530363133
Material Costs128132148199187174232291270250
Employee Cost 12141517191719202024
Other Costs 13131414161115252026
Operating Profit 1413131420262823291
Operating Profit Margin (%) 7.6%6.8%5.9%5.3%7.5%10.1%8.6%5.9%7.8%0.2%
Other Income + 3111122110
Exceptional Items 0000000000
Interest 7557756989
Depreciation 3344444444
Profit Before Tax 76551118201218-12
Tax 322215535-3
Profit After Tax 5333101315913-9
PAT Margin (%) 2.4%1.8%1.6%1.0%3.6%5.0%4.7%2.2%3.5%-2.8%
Adjusted EPS (₹)0.90.70.70.51.92.42.91.62.5-1.8
Dividend Payout Ratio (%)15.50%0%20.70%0%0%0%0%0%0%0%

Valuation of GEE - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 6266146149158171186193204194
Share Capital 5555555555
Reserves 5861142144154166181188199188
Debt +40485665596076868180
Long Term Debt00451812121110
Short Term Debt39485160585263747070
Minority Interest0000000000
Trade Payables21131625262221262424
Others Liabilities 1915811111019181913
Total Liabilities 142142227250254264302323328311

Fixed Assets

Net Fixed Assets +4749126127125122123119147143
Gross Block6671129130131156161162195196
Accumulated Depreciation18223373538434753
CWIP 1012210000
Investments 33444150000
Inventories40333849414971878980
Trade Receivables34394053565855735144
Cash Equivalents 43221221214
Others Assets 13141615151651423941
Total Assets 142142227250254264302323328311

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 17213256314514
PBT 76551118201218-12
Adjustment 888111199161318
Changes in Working Capital 4-10-11-115-16-21-211811
Tax Paid -2-2-2-2-2-5-6-5-4-3
Cash Flow From Investing Activity + -1-4-4-5-4-10-14-1-34-5
Capex -3-4-4-6-2-1-7-1-34-2
Net Investments 1-1-10-2-100-0-0-3
Others 010000-8-000
Cash Flow From Financing Activity + -14222-13-4112-13-9
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000005-1-1-1
Interest Paid -6-5-5-7-7-5-6-8-8-9
Dividend Paid -1-10-1000000
Others -78710-711211-51
Net Cash Flow 10-1-08-8-01-2-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.635.445.113.9712.9714.6157.5110.29-7.29
ROCE (%)12.7410.048.68.7612.6315.7414.9910.4912.54-1.47
Asset Turnover Ratio1.51.541.21.151.080.981.141.271.131.04
PAT to CFO Conversion(x)3.40.670.3312.50.460.20.113.46N/A
Working Capital Days
Receivable Days59.3060.4065.1061.8072.9082.7064.1058.9061.1051.80
Inventory Days64.1061.7059.2057.9060.1064.7067.7073.1087.2092.30
Payable Days48.504735.9037.9050.2050.9034.4029.9033.9035.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.0043.36
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

GEE Ltd FAQs

The current trading price of GEE on 04-Jun-2026 16:59 is ₹79.32.

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 03-Jun-2026 the market cap of GEE stood at ₹412.3 Cr

The latest P/E ratio of GEE as of 03-Jun-2026 is 31.72.

The latest P/B ratio of GEE as of 03-Jun-2026 is 2.84.

The 52-week high of GEE is ₹97.90 and the 52-week low is ₹53.61.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GEE is ₹369 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that GEE Ltd is a below average quality company.

The key valuation ratios of GEE Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GEE Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About GEE Ltd

In 1969, GEE set up first welding electrode manufacturing plant at Thane, near Mumbai. The company entered into a technical collaboration with Messer Griesheim Gmbh of Frankfurt to accomplish its mission.

In a reasonable period of time they made rapid strides in terms of product portfolio expansion, production, sales and support services.

GEE’s unmatched expertise in welding technology, metallurgy driven by in-house research and development, global networking and documentation systems solve welding problems. In this process they also create new knowledge on an on-going basis to enrich the welding industry.

The impeccable quality of GEE brands electrodes, wires and fluxes has helped the company to have a pan-India presence extended over to Persian Gulf countries. Demand for GEE brands further went up with the rapid industrialization of India.

To make good use of this encouraging scenario GEE set up two green field plants one at Kalyan, near Mumbai, side by side phasing out the Thana plant and another at Kolkata thus doubling the production capacity to 13,200 tons.

These plants, ISO 9001:2000 accredited by Det Norske Veritas, are fully integrated and equipped with modern machinery and systems for production, packing and dispatch. These are supported with a well-defined supply-chain, dealer, delivery logistics, IT driven sales and administrative network.

Primarily identified as pre-and-after sales service, end-users are given close and clear guidance about welding procedures to be followed, process parameters to be established and the appropriate consumables to be selected for the job on hand and eventually secure optimum results.

Container loads of GEE brands of general purpose electrodes are regularly exported to United Arab Emirates. The company is taking efforts to help other Gulf States, East Africa, South Africa and South East Asia benefit from using GEE’s welding products besides drawing on GEE’s welding know-how.  

Products:

  • Covered Electrodes: Mild steel, Low hydrogen, High tensile, Low alloy, Hardfacing, Stainless steel, Cast iron, Non ferrous, Cutting & gouging and Tubular electrodes
  • Low heat input alloys: Carbon steel, Stainless steel, Hardfacing, Cast iron, Copper and copper alloys, Nickel and nickel alloys
  • Tig Filler wires
  • MIG/MAG wires,
  • Saw wires and fluxes
  • Flux cored wires

Recent Development:

The board of directors of GEE had approved the bonus issue of 2,969,760 equity shares of Rs 2 in the ratio of 1:5.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×