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Last Updated: April 2, 2026, 4:40 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531137 | NSE: GEMSI

Gemstone Investments Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3.16Undervalued by 141.22%vs CMP ₹1.31

P/E (89.0) × ROE (1.3%) × BV (₹3.35) × DY (2.00%)

₹1.12Overvalued by 14.50%vs CMP ₹1.31
MoS: -17% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.5422%Under (+93.9%)
Graham NumberEarnings₹0.8716%Over (-33.6%)
Earnings PowerEarnings₹0.3513%Over (-73.3%)
DCFCash Flow₹0.1513%Over (-88.5%)
Net Asset ValueAssets₹3.357%Under (+155.7%)
EV/EBITDAEnterprise₹0.639%Over (-51.9%)
Earnings YieldEarnings₹0.107%Over (-92.4%)
ROCE CapitalReturns₹0.637%Over (-51.9%)
Revenue MultipleRevenue₹0.255%Over (-80.9%)
Consensus (9 models)₹1.12100%Overvalued
Key Drivers: EPS CAGR -19.7% drags value — could be higher if earnings stabilize. | ROE 1.3% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -19.7%

*Investments are subject to market risks

Investment Snapshot

51
Gemstone Investments Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 1.9% WeakROE 1.3% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 0.0% Stable
Earnings Quality40/100 · Moderate
OPM stable around 31% SteadyWorking capital: 6,850 days Capital intensive
Quarterly Momentum70/100 · Strong
Revenue (4Q): +14% YoY GrowingOPM: -36.2% (up 513.8% YoY) Margin expansion
Industry Rank30/100 · Weak
P/E 89.0 vs industry 98.5 In-lineROCE 1.9% vs industry 21.7% Below peersROE 1.3% vs industry 14.2% Below peers3Y sales CAGR: 11% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:40 am

Market Cap 9.79 Cr.
Current Price 1.31
Intrinsic Value₹1.12
High / Low 2.82/1.14
Stock P/E89.0
Book Value 3.35
Dividend Yield0.00 %
ROCE1.91 %
ROE1.30 %
Face Value 1.00
PEG Ratio-4.51

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Gemstone Investments Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gemstone Investments Ltd 9.79 Cr. 1.31 2.82/1.1489.0 3.350.00 %1.91 %1.30 % 1.00
Explicit Finance Ltd 9.86 Cr. 10.6 15.9/6.1889.6 8.520.00 %0.13 %0.00 % 10.0
JSW Holdings Ltd 13,056 Cr. 11,762 27,760/11,25090.2 30,2550.00 %0.82 %0.69 % 10.0
Indo Thai Securities Ltd 3,235 Cr. 295 470/14486.5 16.90.03 %8.66 %6.54 % 1.00
HB Portfolio Ltd 60.3 Cr. 56.0 107/49.092.7 2601.79 %0.80 %0.02 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of Gemstone Investments Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.340.350.500.510.510.580.550.320.020.350.360.380.58
Expenses 0.130.690.180.030.081.310.120.300.130.220.200.170.79
Operating Profit 0.21-0.340.320.480.43-0.730.430.02-0.110.130.160.21-0.21
OPM % 61.76%-97.14%64.00%94.12%84.31%-125.86%78.18%6.25%-550.00%37.14%44.44%55.26%-36.21%
Other Income 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest 0.000.000.000.000.010.000.000.000.000.000.000.000.02
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax 0.21-0.340.320.480.42-0.730.430.02-0.110.130.160.21-0.23
Tax % 0.00%11.76%21.88%8.33%26.19%-12.33%23.26%0.00%0.00%23.08%25.00%23.81%13.04%
Net Profit 0.21-0.380.250.440.30-0.640.330.02-0.110.100.120.16-0.27
EPS in Rs 0.03-0.050.030.060.04-0.090.040.00-0.010.010.020.02-0.04

Last Updated: March 3, 2026, 9:38 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1.092.322.292.081.942.332.012.030.911.192.111.251.67
Expenses 0.681.571.701.141.110.920.901.450.520.911.610.781.38
Operating Profit 0.410.750.590.940.831.411.110.580.390.280.500.470.29
OPM % 37.61%32.33%25.76%45.19%42.78%60.52%55.22%28.57%42.86%23.53%23.70%37.60%17.37%
Other Income 0.000.000.000.000.000.000.000.010.010.000.000.000.00
Interest 0.120.120.060.010.130.230.060.010.080.000.010.010.02
Depreciation 0.010.010.010.060.050.060.060.060.040.010.000.000.00
Profit before tax 0.280.620.520.870.651.120.990.520.280.270.490.460.27
Tax % 32.14%33.87%40.38%31.03%23.08%27.68%25.25%26.92%25.00%14.81%26.53%30.43%
Net Profit 0.180.410.310.610.500.810.740.390.210.230.350.320.11
EPS in Rs 0.020.050.040.080.070.110.100.050.030.030.050.040.01
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)127.78%-24.39%96.77%-18.03%62.00%-8.64%-47.30%-46.15%9.52%52.17%-8.57%
Change in YoY Net Profit Growth (%)0.00%-152.17%121.16%-114.81%80.03%-70.64%-38.66%1.14%55.68%42.65%-60.75%

Gemstone Investments Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-6%
5 Years:-9%
3 Years:11%
TTM:-51%
Compounded Profit Growth
10 Years:-2%
5 Years:-15%
3 Years:15%
TTM:-70%
Stock Price CAGR
10 Years:23%
5 Years:16%
3 Years:21%
1 Year:-49%
Return on Equity
10 Years:2%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: September 5, 2025, 3:31 pm

Balance Sheet

Last Updated: February 1, 2026, 2:52 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 7.487.487.487.487.487.487.487.487.487.487.487.487.48
Reserves 14.0514.4614.7715.3815.8816.6815.7516.1416.3516.5816.9317.2517.53
Borrowings 1.121.850.330.592.971.150.100.030.000.000.000.000.00
Other Liabilities 0.510.900.560.540.741.031.080.150.140.110.100.320.21
Total Liabilities 23.1624.6923.1423.9927.0726.3424.4123.8023.9724.1724.5125.0525.22
Fixed Assets 0.040.030.040.380.400.340.290.220.020.010.010.010.02
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 6.203.103.001.911.671.670.000.000.000.000.000.001.91
Other Assets 16.9221.5620.1021.7025.0024.3324.1223.5823.9524.1624.5025.0423.29
Total Assets 23.1624.6923.1423.9927.0726.3424.4123.8023.9724.1724.5125.0525.22

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -6.14-3.760.080.46-2.671.140.830.74-0.67-0.091.45-0.42
Cash from Investing Activity + 5.803.100.08-0.400.170.870.300.020.170.000.00-0.01
Cash from Financing Activity + 0.100.73-0.210.262.39-2.05-1.11-0.07-0.110.00-0.01-0.01
Net Cash Flow -0.240.07-0.060.33-0.11-0.040.020.68-0.61-0.091.44-0.44
Free Cash Flow -6.14-3.760.060.06-2.741.140.830.76-0.50-0.091.45-0.43
CFO/OP -1,478%-501%81%81%-296%98%98%157%-154%0%304%-81%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.71-1.100.260.35-2.140.261.010.550.390.280.500.47

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 10.054.724.785.260.000.000.000.000.000.000.000.00
Inventory Days
Days Payable
Cash Conversion Cycle 10.054.724.785.260.000.000.000.000.000.000.000.00
Working Capital Days 5,277.433,135.543,028.383,318.343,697.043,308.503,944.184,045.579,421.817,300.003,931.976,850.32
ROCE %1.78%3.19%2.50%3.82%3.13%5.23%4.32%2.26%1.47%1.13%2.06%1.91%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.00%0.00%0.00%0.00%
Public 99.99%99.98%99.98%100.00%99.99%99.99%99.99%100.00%100.00%100.01%99.99%100.00%
No. of Shareholders 19,74121,53024,37826,02027,24533,78845,75556,82859,02157,53955,94754,598

Shareholding Pattern Chart

No. of Shareholders

Gemstone Investments Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.040.050.030.030.09
Diluted EPS (Rs.) 0.040.050.030.030.09
Cash EPS (Rs.) 0.040.040.030.030.09
Book Value[Excl.RevalReserv]/Share (Rs.) 3.313.263.223.193.16
Book Value[Incl.RevalReserv]/Share (Rs.) 3.313.263.223.193.16
Revenue From Operations / Share (Rs.) 0.160.280.150.120.27
PBDIT / Share (Rs.) 0.060.060.030.050.07
PBIT / Share (Rs.) 0.060.060.030.040.07
PBT / Share (Rs.) 0.060.060.030.030.07
Net Profit / Share (Rs.) 0.040.040.030.020.08
PBDIT Margin (%) 37.7123.7623.3743.6029.10
PBIT Margin (%) 37.5523.6222.3239.5826.29
PBT Margin (%) 36.8523.0422.3031.1825.95
Net Profit Margin (%) 25.3716.7019.3323.0732.72
Return on Networth / Equity (%) 1.271.440.950.872.81
Return on Capital Employeed (%) 1.892.031.101.502.25
Return On Assets (%) 1.261.430.950.872.68
Asset Turnover Ratio (%) 0.050.080.040.030.08
Current Ratio (X) 76.99215.20207.70167.5720.23
Quick Ratio (X) 76.99215.20207.70167.5720.23
Interest Coverage Ratio (X) 53.3941.351403.815.2085.68
Interest Coverage Ratio (Post Tax) (X) 36.9230.071161.853.7597.34
Enterprise Value (Cr.) 15.296.414.6311.268.67
EV / Net Operating Revenue (X) 12.283.043.9012.434.27
EV / EBITDA (X) 32.5512.8116.6728.5014.65
MarketCap / Net Operating Revenue (X) 13.263.834.0912.784.71
Price / BV (X) 0.660.330.200.480.40
Price / Net Operating Revenue (X) 13.273.844.0912.794.71
EarningsYield 0.010.040.040.010.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Gemstone Investments Ltd. is a Public Limited Listed company incorporated on 05/10/1994 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65990MH1994PLC081749 and registration number is 081749. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 1.25 Cr. and Equity Capital is Rs. 7.48 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsOffice No. Unit No. 1212, 12th Floor of Kosha Kommercial Komplex, Mumbai Maharashtra 400097Contact not found
Management
NamePosition Held
Mr. Kishor BodhaChairperson & Executive Director
Mr. Sudhakar Bhagawatlal GandhiManaging Director
Mr. Santosh DwivediNon Executive Director
Ms. Falgun Chhaganlal ShahIndependent Director
Mr. Rajesh Babulal MaiyaniIndependent Director
Mr. Roshan MayaniIndependent Director
Mrs. Dhara ShiroyaIndependent Director

FAQ

What is the intrinsic value of Gemstone Investments Ltd and is it undervalued?

As of 14 April 2026, Gemstone Investments Ltd's intrinsic value is ₹1.12, which is 14.50% lower than the current market price of ₹1.31, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.30 %), book value (₹3.35), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gemstone Investments Ltd?

Gemstone Investments Ltd is trading at ₹1.31 as of 14 April 2026, with a FY2026-2027 high of ₹2.82 and low of ₹1.14. The stock is currently near its 52-week low. Market cap stands at ₹9.79 Cr..

How does Gemstone Investments Ltd's P/E ratio compare to its industry?

Gemstone Investments Ltd has a P/E ratio of 89.0, which is below the industry average of 98.51. This is broadly in line with or below the industry average.

Is Gemstone Investments Ltd financially healthy?

Key indicators for Gemstone Investments Ltd: ROCE of 1.91 % is on the lower side compared to the industry average of 21.71%; ROE of 1.30 % is below ideal levels (industry average: 14.20%). Dividend yield is 0.00 %.

Is Gemstone Investments Ltd profitable and how is the profit trend?

Gemstone Investments Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹1 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Gemstone Investments Ltd pay dividends?

Gemstone Investments Ltd has a dividend yield of 0.00 % at the current price of ₹1.31. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gemstone Investments Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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