MarketFriction

GFL Ltd

NSE GFLLIMITED · BSE 500173 · Holding Company
₹55.23 +0.53%
NSE close2026-10-01
52 week range37.25 - 81.00
Market cap₹606 Cr.
P/E10.0
Price band 20% Delivery 47.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.820.740.800.810.850.820.840.920.920.950.891.03
Expenses0.330.3524.1730.733.610.3922.2010.450.390.410.720.74
Operating Profit0.490.39-23.37-29.92-2.760.43-21.36-9.530.530.540.170.29
OPM %59.76%52.70%-2,921.25%-3,693.83%-324.71%52.44%-2,542.86%-1,035.87%57.61%56.84%19.10%28.16%
Other Income26.371.340.300.080.094.970.080.1016.5914.6829.708.43
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.010.010.000.000.010.010.000.010.000.000.000.01
Profit before tax26.851.72-23.07-29.84-2.685.39-21.28-9.4417.1215.2229.878.71
Tax %11.77%16.28%-11.18%-11.13%1,219.03%15.03%-14.05%-13.56%14.54%14.59%14.43%14.58%
Net Profit23.691.44-20.49-26.52-35.354.58-18.29-8.1614.6313.0025.567.44
EPS in Rs2.160.13-1.86-2.41-3.220.42-1.66-0.741.331.182.330.68
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,9726,2883,8932,9691,9081176992,4544444
Expenses5,6685,1273,1472,5041,05018861934125222
Operating Profit1,3031,161745464858-71802,420-8-4822
OPM %19%18%19%16%45%-61%11%99%-238%-1,325%51%40%
Other Income91-921121,279-49869156-47005169
Interest21827927916721925325800000
Depreciation32534929916926428329400000
Profit before tax8524412791,408-123-538-3172,372-8-485371
Tax %29%51%14%4%93%-20%-23%6%-7%56%15%
Net Profit6092152401,349-236-430-2442,235-8-764561
EPS in Rs36.338.0223.07118.73-11.23-21.08-10.12204.58-0.69-6.884.105.52
Dividend Payout %10%44%15%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-53%-49%-88%11%
Compounded Profit Growth-20%19%67%206%
Stock Price CAGR-3%-6%-14%-8%
Return on Equity5%-2%-1%2%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves4,2244,4434,5074,7565,9662,1683623422,5912,5832,5102,554
Borrowings2,5652,9733,3082,0191,2202,8372,8562,9480000
Other Liabilities2,5633,0533,1052,9664,3344,571655733139138165172
Total Liabilities9,36310,47910,9319,75311,5319,5863,8834,0352,7412,7322,6862,737
Fixed Assets4,2314,6003,5053,8132,0523,1463,0833,0873222
CWIP4032384107245228557260000
Investments15940467852414928221672,7052,6962,6502,701
Other Assets4,5705,2366,3384,6918,8086,32772175534343333
Total Assets9,36310,47910,9319,75311,5319,5863,8834,0352,7412,7322,6862,737
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1493797329529961,214-15689402000
Cash from Investing Activity248-1,470-674589-956-60861-160-241-0-1-0
Cash from Financing Activity65913653-1,668-79-6295685-184000
Net Cash Flow1,056-955110-127-40-23-3915-230-00
Free Cash Flow-270-45674-645871,001-21613402000
CFO/OP31%44%77%157%228%147%218%117%17%-8%-2%37%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1281511611821901255150222227
Inventory Days15010417373641640624114
Days Payable1491491814714593867,0061,085
Cash Conversion Cycle129105153447148-334-6,326-9550222227
Working Capital Days7162166504-18-318-8253,2533,1612,923
ROCE %11%13%11%6%19%8%-2%-2%-1%-0%-2%2%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%
FIIs0.39%0.39%0.45%0.23%0.27%0.22%0.25%0.21%0.23%0.20%0.17%0.20%
DIIs2.05%2.06%2.05%2.05%1.97%1.97%1.79%1.53%1.39%0.42%0.06%0.00%
Public28.84%28.80%28.76%29.00%29.04%29.10%29.23%29.53%29.65%30.65%31.06%31.06%
No. of Shareholders23,66926,94828,51829,10228,37129,67729,64529,51829,07729,64129,05628,941

Fundamentals

Market Cap₹ 606 Cr.
Current Price₹ 55.7
Stock P/E10.0
Book Value₹ 233
ROCE2.07 %
ROE1.77 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)206%
Consolidated figures.
Valuation
Market capRs 607 Cr
Enterprise valueRs 606 Cr
P/E (TTM)10.01x
Price to book0.24x
Price to sales160.08x
EV / EBITDA8.55x
EV / EBIT8.55x
EV / sales159.94x
Price to cash flow1479.76x
Earnings yield9.99%
P/E, 3-year average9.16x
P/B, 3-year average0.22x
P/E, 5-year average4.70x
P/B, 5-year average0.67x
Profitability
Operating margin (excl. other income)51.39%
Operating margin (incl. other income)1329.22%
EBITDA margin1871.77%
Pre-tax margin1871.24%
Net profit margin1599.74%
Net margin, latest quarter722.33%
ROE1.77%
ROCE2.07%
ROA1.66%
ROE, 3-year average-0.49%
ROCE, 3-year average-0.04%
ROA, 3-year average-0.47%
ROE, 5-year average24.01%
ROCE, 5-year average15.69%
ROA, 5-year average12.43%
ROIC (approx.)2.36%
Tax rate14.65%
Other income / net worth1.98%
Growth
Sales growth (latest year)8.77%
Sales CAGR, 3 years-88.26%
Sales CAGR, 5 years-49.18%
Profit CAGR, 3 years-72.85%
Sales growth QoQ15.73%
Profit growth QoQ-70.89%
Sales growth YoY (latest quarter)11.96%
Per share
EPS (TTM)Rs 5.52
EPS (latest year)Rs 4.10
EPS (latest quarter)Rs 0.68
EPS, 3-year averageRs -1.16
EPS, 5-year averageRs 38.22
Book value per shareRs 233.48
Sales per shareRs 0.34
Cash flow per shareRs 0.04
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.00x
Fixed asset turnover1.62x
Debtor days27 days
Debtors turnover13.69x
Creditor days1085 days
Cash conversion cycle27 days
Working capital days2923 days
Leverage
Cash and bankRs 1 Cr
Net debtRs -1 Cr
Net debt / EBITDA-0.01x
Owners' fund to total sources93.71%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
Cash from ops / profit, 5 years0.25x
Sales to cash flow9.68x
Statement figures
Net sales (TTM)Rs 4 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 69 Cr
EBITDA (TTM)Rs 71 Cr
PBDT (TTM)Rs 71 Cr
Profit before tax (TTM)Rs 71 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 61 Cr
Net profit (latest year)Rs 45 Cr
Net profit (latest quarter)Rs 7 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 55 Cr
Share capitalRs 11 Cr
ReservesRs 2,554 Cr
Shareholders' fundsRs 2,565 Cr
Total assetsRs 2,737 Cr
Net blockRs 2 Cr
InvestmentsRs 2,701 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 172 Cr
Shares outstanding (crore)10.98
Ownership
Promoter holding68.72% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 10.0 is at the 47th percentile of its own 4.6-year range (median 11.2, low 0.3, high 349.5).
P/B 0.24 is at the 17th percentile (median 0.42).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGFLLIMITEDNifty 50Difference
1 week+0.5%-2.8% +3.3 pts
1 month-1.9%-6.8% +4.9 pts
3 months+21.0%-7.6% +28.7 pts
6 months+47.1%+0.4% +46.7 pts
1 year-11.7%-9.9% -1.8 pts
2 years-35.5%-13.6% -21.9 pts
3 years-36.4%+14.2% -50.6 pts
5 years-27.7%+27.9% -55.6 pts

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 96% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1 Cr +12.0% vs Jun 2025. Net profit ₹7 Cr +191.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2021-03-26 Demerger
2019-09-11 Annual General Meeting/Dividend - Rs 3.50 Per Share
2019-08-06 Demerger
2018-08-23 Annual General Meeting/Dividend- Rs 3.50 Per Share
2017-09-14 Annual General Meeting/ Dividend- Rs 3.50 Per Share
2016-09-15 Annual General Meeting
2016-03-17 Interim Dividend - Rs 3.50/- Per Share
2015-09-21 Annual General Meeting/Dividend - Rs 3.50/- Per Share
2014-09-01Annual General Meeting / Dividend - Rs 3.50/- Per Share
2013-08-14Annual General Meeting/Dividend Rs 2/- Per Share
2013-02-08Interim Dividend Rs 1.50 Per Share
2012-07-19Annual General Meeting/Dividend Of Rs. 1.50 Per Share
2011-12-161st Interim Dividend Rs.2/- Per Share
2011-07-07Annual General Meeting And Dividend Rs.2.50 Per Share
2011-02-10Interim Dividend-Re.1/- Per Share
2010-07-06Final Dividend-Rs.1.50 Per Share
2010-02-052nd Int Div-Re.1/- Per Sh
2009-11-13Int Div-Re.1/- Per Share
2009-06-18Agm/Div-Rs.3.50 Per Share
2008-09-11Agm/Dividend - 100%
2008-04-102nd Interim Dividend-100%
2008-02-01Fv Split Rs.2/- To Re.1/-0.5000
2008-01-03Int Dividend- Rs.3 Per Sh
2007-09-20Agm/Div-Re.1/- Per Sh
2007-03-222nd Int Div-Rs.2/- Per Shpurpose Revised
2006-11-16Int Div-Rs.2/- Per Sh
2006-09-14Agm/Dividend-100%
DateTypeWhat it says
2026-09-28General UpdatesWe wish to inform you that the National Company Law Tribunal (Honble court) has pronounced its order in the matter of scheme of Merger by Absorption o...
2026-09-24Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 23, 2026
2026-09-01Shareholder meetingNotice of Annual General Meeting to be held on September 23, 2026
2026-08-27Disclosure under SEBI TakeovMr. Siddharth Jain has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition m...
2026-08-17Disclosure under SEBI TakeovSiddharth Jain has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial A...
2026-08-10Board meeting outcomeGFL Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07Shareholder meetingVoting results.
2026-07-06Shareholder meetingNotice of undefined to be held on August 05, 2026
2026-05-29Board meeting outcomeGFL Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-03-27Shareholder meetingVoting results.
2026-03-19General UpdatesClarification regarding Postal Ballot Notice dated February 12, 2026.
2026-02-25Shareholder meetingNotice of Postal Ballot
2026-02-12Director changeChange in Director(s) of the company.
2026-02-12Director changeChange in Director(s) of the company.
2026-02-12Amalgamation/MergerPursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held today,...
2026-02-12Board meeting outcomeGFL Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-12-30DemiseIntimation of Demise of Shri Devendra Kumar Jain, Managing Director & CEO of the company on December 29, 2025.
2025-12-29UpdatesDemise of Shri Devendra Kumar Jain, Managing Director, CEO & Chairperson of the Company on December 29, 2025.
2025-12-24Reply to Clarification- FinaThe Exchange had sought clarification from GFL Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligation...
2025-11-11Board meeting outcomePursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations), the Boar...
2025-10-24Price movementSignificant movement in price has been observed in GFL Limited. The Exchange, in order to ensure that investors have latest relevant information about...
2025-10-23Price movementSignificant movement in price has been observed in GFL Limited. The Exchange, in order to ensure that investors have latest relevant information about...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of GFL Ltd?

GFL Ltd (GFLLIMITED) has a market capitalisation of Rs 606 Cr. at the 2026-10-01 close.

What is the P/E ratio of GFL Ltd?

GFL Ltd trades at a P/E of 10.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were GFL Ltd's latest quarterly results?

In the Jun 2026 quarter, GFL Ltd sales was Rs 1 Cr (+12.0% vs Jun 2025) and net profit was Rs 7 Cr.

What is the 52-week high and low of GFL Ltd?

The 52-week high is Rs 81.00 and the 52-week low is Rs 37.25.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03