GFL Ltd Stock Analysis

BSE: 500173 | NSE: GFLLIMITED | Chemicals | Small Cap

BSE Share Price 23-Sep-2022 18:01
70.30 -1.95 (-2.70%)

DeciZen - Make an Informed Decision on GFL

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

GFL Price Chart

P/E Ratio (SA) :
504.74
Market Cap :
772.3 Cr.
52-wk low :
58.3
52-wk high :
94.1
Bole Toh?

1. Is GFL Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GFL Ltd is a average quality company.

2. Is GFL Ltd undervalued or overvalued?

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

3. Is GFL Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GFL Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of GFL:

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.
GFL Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 15.9%3.2%6.1%3.4%4.3%9.6%29.6%0.7%-0.3%0.2%-
Value Creation Index 0.1-0.8-0.6-0.8-0.7-0.31.2-1.0-1.0-1.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5971,1411,3211,3341,4282,0562,73117.911.82
YoY Gr. Rt. %--28.6%15.8%1%7%44%32.8%-99.3%-94.2%69.2%-
Adj EPS 41.6615.67.911.531.5116.81.7-0.200.1
YoY Gr. Rt. %--85.7%161.2%-49.1%45.5%173%270.8%-98.5%-111.2%NA-
BVPS (₹) 227.2229.8260262.8276.4316.7428.7106.928.328.428.4
Adj Net Profit 45765.417187.11273461,28318.7-2.10.52
Cash Flow from Ops. 36733381.5300300352579-1.4-45.212.8-
Debt/CF from Ops. 2.42.18.81.62.12.100-00-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -53.1%-73.8%-91.4%69.2%
Adj EPS -53.8%-67.8%-93%NA
BVPS -20.6-36.6-59.50.3
Share Price -15.6% -36.6% -9.1% -5.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 19.72.66.434.310.631.30.6-0.30.20.5
Op. Profit Mgn % 49.51721.120.421.428.228.727.6-175.823.741.9
Net Profit Mgn % 28.65.7136.58.916.847104.4-199.227.462.5
Debt to Equity 0.40.30.30.20.20.20000-
Working Cap Days 24935029929129027127731,9861,36,1752,4280
Cash Conv. Cycle 10816414815914110511812,1505,7901,5850

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.50%

Sales growth is good in last 4 quarters at 1944.70%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - GFL Ltd.

Standalone Consolidated
TTM EPS (₹) 0.1 -2.8
TTM Sales (₹ Cr.) 2.5 1,241
BVPS (₹.) 28.4 37.3
Reserves (₹ Cr.) 301 398
P/BV 2.47 1.91
PE 504.74 0.00
From the Market
52 Week Low / High (₹) 58.25 / 94.10
All Time Low / High (₹) 2.35 / 1140.95
Market Cap (₹ Cr.) 772
Equity (₹ Cr.) 11
Face Value (₹) 1
Industry PE 37.3

Management X-Ray of GFL :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GFL

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

About GFL Ltd

Gujarat Fluorochemicals (GFL) is engaged in manufacturing of chloro-fluorocarbon refrigerant gases and hydrous hydrofluoric acid. GFL is part of the $2 billion INOX group of companies. The INOX group has interests in areas of industrial gases, refrigerants, chemicals, carbon credits, cryogenic engineering, renewable energy and entertainment.

GFL’s manufacturing plants have received various certifications such as ISO 9001:2000, OHASAS 18001:2007 and ISO14001:2004.

The company's CDM (Clean Development Mechanism) project was the first in the world to seek registration under the Kyoto Protocol, and has been approved by the governments of India, United Kingdom, Netherlands, Japan and Italy.

INOX Leisure, India’s leading cinema exhibition business is a subsidiary of GFL.

In 2012 Gujarat Fluorochemicals Ltd has transferred, by way of slump sale, the wind energy business of the Company including all the undertakings comprised therein to INOX Renewables Ltd, a subsidiary of the Company.

Business area

Refrigerant Business- The company is the largest producer of refrigerant HCFC22. Around 95% of GFL’s refrigerant production is exported to more than 75 countries. In India, the company supplies refrigerants to all the major OEMs in the air-conditioning and refrigeration sector.

Chemicals Business- The company’s chemical plant is located at Dahej (Gujarat) has a manufacturing capacity of a 52,500 tpa of Caustic Soda / Chlorine, a 40,000 tpa Chloromethane, and a 30 MW gas-based captive power plant. GFL has also established an Anhydrous HCL plant, the first of its kind in India, and only the third in Asia, to cater to the pharmaceutical and agriculture sectors in India.

PTFE Business- The company owns India’s largest PTFE plant located at Dahej with production capacity of 6,000 tpa. PTFE is advanced engineering plastic used in sectors like chemicals, textile, automobile, electrical, electronics.

Entertainment Business 

GFL owns and operates an entertainment business through INOX Leisure Limited. INOX Leisure Limited is engaged in the setting up and operating India’s premium brand of multiplex cinema theatres - INOX. INOX currently operates 79 multiplexes with 310 screens & 83809 seats and is present in 42 cities making it a truly pan-Indian multiplex chain. INOX has won the ICICI Best Retail Entertainment Company of the Year Award, 2005, the Taal Multiplexer of the Year Award, 2006 and the Emerging SuperBrand of the Year Award, 2007. In 2010, INOX Leisure Limited had acquired Fame India Limited, a competing multiplex chain, to emerge as India’s largest multiplex player then. INOX is amongst India’s largest integrated multiplex brand, as well as amongst India’s fastest growing and most profitable multiplex chain.
 
Renewable Energy Business
On the basis of a business diversification study conducted by McKinsey & Co Inc. for the Group, GFL decided to invest in the renewable energy business. Having worked in detail on the concept development for this initiative over the past couple of years, GFL has firmed up its business plan and is in the process of aggressively implementing the same.

Subsidiaries of GFL include:

  • Inox Leisure Limited .
  • INOX Wind Limited
  • Inox Renewables Limited
  • Gujarat Fluorochemicals Americas LLC
  • Gujarat Fluorochemicals GmbH



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