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Last Updated: April 2, 2026, 2:57 am
Author: Getaka|Social: XLinkedIn

GFL Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:57 am

Market Cap 430 Cr.
Current Price 39.2
Intrinsic Value₹3,289.10
High / Low 81.0/37.1
Stock P/E365
Book Value 230
Dividend Yield0.00 %
ROCE1.89 %
ROE2.96 %
Face Value 1.00
PEG Ratio5.87

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

View Share Price Target for GFL Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
GFL Ltd 430 Cr. 39.2 81.0/37.1365 2300.00 %1.89 %2.96 % 1.00
Fairchem Organics Ltd 613 Cr. 471 1,103/428194 2261.59 %10.2 %7.51 % 10.0
Gujchem Distillers India Ltd 165 Cr. 103 437/90.0179 3920.10 %0.21 %0.09 % 1.00
IVP Ltd 127 Cr. 123 207/1109.06 1390.82 %9.99 %8.44 % 10.0
ARCL Organics Ltd 125 Cr. 156 435/15018.5 1080.00 %20.4 %16.8 % 10.0
Industry Average4,113.08 Cr1,348.11143.25384.560.50%13.78%9.96%7.56

All Competitor Stocks of GFL Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1111111111111
Expenses 0156150024314022100
Operating Profit 00-55-1400-23-30-30-21-101
OPM % 44%5%-6,884%-1,639%60%53%-2,921%-3,694%-325%52%-2,543%-1,036%58%
Other Income -40-402,450026100050017
Interest 0000000000000
Depreciation 0000000000000
Profit before tax -40-402,395-14272-23-30-35-21-917
Tax % 0%0%6%-11%12%16%-11%-11%1,219%15%-14%-14%15%
Net Profit -40-402,258-12241-20-27-355-18-815
EPS in Rs -3.64-1.60205.48-1.112.160.13-1.86-2.41-3.220.42-1.66-0.741.33

Last Updated: January 12, 2026, 7:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 2, 2026, 2:00 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,431.305,310.316,971.516,288.403,892.562,968.842,730.13117.11698.762,453.723.523.653.63
Expenses 2,832.174,275.125,668.345,127.293,147.082,504.372,223.44188.50618.9233.9511.9052.0333.45
Operating Profit 599.131,035.191,303.171,161.11745.48464.47506.69-71.3979.842,419.77-8.38-48.38-29.82
OPM % 17.46%19.49%18.69%18.46%19.15%15.64%18.56%-60.96%11.43%98.62%-238.07%-1,325.48%-821.49%
Other Income 44.44293.9791.34-92.01112.371,279.2614.7368.81155.53-47.360.220.0031.45
Interest 178.92218.77217.68278.99279.21167.48445.22252.55258.280.000.000.000.00
Depreciation 200.44284.75324.53348.70299.22168.68354.16283.22293.860.020.020.020.01
Profit before tax 264.21825.64852.30441.41279.421,407.57-277.96-538.35-316.772,372.39-8.18-48.401.62
Tax % 14.25%19.20%28.51%51.40%14.09%4.15%-14.93%-20.13%-23.12%5.79%-7.46%56.16%
Net Profit 230.67667.13609.33214.51240.071,349.09-236.47-429.98-243.542,234.99-7.57-75.591.18
EPS in Rs 16.9353.2536.338.0223.07118.73-11.23-21.08-10.12204.58-0.69-6.880.11
Dividend Payout % 20.67%6.57%9.63%43.65%15.17%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 (%)189.21%-8.66%-64.80%11.92%461.96%-117.53%-81.83%43.36%1017.71%-100.34%-898.55%
Change in YoY Net Profit Growth (%)0.00%-197.88%-56.13%76.71%450.04%-579.49%35.70%125.19%974.35%-1118.05%-798.21%

GFL 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:-52%
5 Years:-71%
3 Years:19%
TTM:8%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:%
TTM:-162%
Stock Price CAGR
10 Years:-4%
5 Years:-6%
3 Years:-7%
1 Year:-29%
Return on Equity
10 Years:6%
5 Years:-1%
3 Years:-2%
Last Year:-3%

Last Updated: September 5, 2025, 4:40 am

Balance Sheet

Last Updated: December 4, 2025, 1:17 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10.9910.9910.9910.9910.9910.9910.9910.9910.9910.9910.9910.9910.99
Reserves 3,285.994,224.274,442.604,507.274,755.815,965.842,167.75361.60342.032,590.772,583.272,509.682,515.87
Borrowings 2,302.312,565.422,972.773,307.962,019.491,220.162,836.792,855.602,948.080.000.000.000.00
Other Liabilities 1,482.382,562.803,053.083,104.542,966.474,334.034,570.66654.88733.45139.38137.84164.87165.80
Total Liabilities 7,081.679,363.4810,479.4410,930.769,752.7611,531.029,586.193,883.074,034.552,741.142,732.102,685.542,692.66
Fixed Assets 3,728.584,230.754,600.353,504.673,813.332,052.343,145.693,083.473,086.552.512.502.472.46
CWIP 762.61403.36238.41410.21724.32522.1585.3556.9526.290.000.000.000.00
Investments 369.47159.20404.18678.09524.04148.8328.1522.13166.822,704.992,696.052,650.242,657.01
Other Assets 2,221.014,570.175,236.506,337.794,691.078,807.706,327.00720.52754.8933.6433.5532.8333.19
Total Assets 7,081.679,363.4810,479.4410,930.769,752.7611,531.029,586.193,883.074,034.552,741.142,732.102,685.542,692.66

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 542.21149.11379.49731.69951.84995.611,214.23-155.7488.95402.170.360.50
Cash from Investing Activity + -471.17248.34-1,469.94-674.44589.29-955.73-608.2460.59-159.76-240.93-0.10-0.96
Cash from Financing Activity + -93.46658.70135.5253.20-1,668.06-79.39-629.2356.0185.41-184.410.000.00
Net Cash Flow -22.421,056.15-954.93110.45-126.93-39.51-23.24-39.1414.61-23.170.26-0.46
Free Cash Flow 120.35-270.04-455.5073.62-64.07587.18740.49-216.2612.99402.160.350.50
CFO/OP 102%31%44%77%157%228%256%218%117%17%-8%-2%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow597.13-1.00-1.00-2.00743.48463.47504.69-73.3977.842.00-8.38-48.38

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 10112815116118219012554,95102222
Inventory Days 16715010417373641640624
Days Payable 1671491491814714593867,006
Cash Conversion Cycle 101129105153447148-334-6,3264,95102222
Working Capital Days -227162166504-58-318-31,82953,2533,161
ROCE %8%11%13%11%6%19%5%-2%6%-1%-0%-2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%68.72%
FIIs 3.52%1.81%0.39%0.39%0.45%0.23%0.27%0.22%0.25%0.21%0.23%0.20%
DIIs 2.05%2.05%2.05%2.06%2.05%2.05%1.97%1.97%1.79%1.53%1.39%0.42%
Public 25.70%27.40%28.84%28.80%28.76%29.00%29.04%29.10%29.23%29.53%29.65%30.65%
No. of Shareholders 22,33723,72423,66926,94828,51829,10228,37129,67729,64529,51829,07729,641

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Midcap Fund 365,729 0.03 1.77461,1592026-02-22 06:51:32-20.69%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) -6.88-0.69203.46-22.17-39.14
Diluted EPS (Rs.) -6.88-0.69203.46-22.17-39.14
Cash EPS (Rs.) -2.280.25208.494.40-13.87
Book Value[Excl.RevalReserv]/Share (Rs.) 229.46236.16236.8567.6964.50
Book Value[Incl.RevalReserv]/Share (Rs.) 229.46236.16236.8567.6964.50
Revenue From Operations / Share (Rs.) 0.300.290.2962.429.74
PBDIT / Share (Rs.) 0.190.200.0921.188.30
PBIT / Share (Rs.) 0.190.190.09-5.57-17.49
PBT / Share (Rs.) 0.190.19223.15-29.02-40.94
Net Profit / Share (Rs.) -2.280.25208.49-22.35-39.66
NP After MI And SOA / Share (Rs.) -6.88-0.68204.68-10.13-21.09
PBDIT Margin (%) 64.1969.4232.7333.9385.20
PBIT Margin (%) 63.5368.7632.13-8.92-179.55
PBT Margin (%) 63.5368.7676025.87-46.48-420.38
Net Profit Margin (%) -756.1487.9071029.76-35.80-407.22
NP After MI And SOA Margin (%) -2279.38-236.9369732.26-16.22-216.61
Return on Networth / Equity (%) -2.99-0.2986.41-31.51-62.19
Return on Capital Employeed (%) 0.070.080.03-1.68-5.49
Return On Assets (%) -2.81-0.2782.02-2.75-5.96
Long Term Debt / Equity (X) 0.000.000.000.190.12
Total Debt / Equity (X) 0.000.000.000.240.18
Current Ratio (X) 95.9264.2732.340.870.59
Quick Ratio (X) 95.9264.2732.340.830.57
Interest Coverage Ratio (X) 0.000.001507.860.900.36
Interest Coverage Ratio (Post Tax) (X) 0.000.00-194803.710.04-0.33
Enterprise Value (Cr.) 566.02744.31523.171284.311229.66
EV / Net Operating Revenue (X) 170.69232.99162.261.8711.50
EV / EBITDA (X) 265.89335.58495.665.5213.49
MarketCap / Net Operating Revenue (X) 170.83233.38162.651.268.47
Price / BV (X) 0.220.280.202.452.43
Price / Net Operating Revenue (X) 170.87233.39162.661.268.47
EarningsYield -0.13-0.014.29-0.12-0.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GFL Ltd as of April 3, 2026 is: ₹2,027.69

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 3, 2026, GFL Ltd is Undervalued by 5,072.68% compared to the current share price ₹39.20

Intrinsic Value of GFL Ltd as of April 3, 2026 is: ₹3,289.10

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 3, 2026, GFL Ltd is Undervalued by 8,290.56% compared to the current share price ₹39.20

Last 5 Year EPS CAGR: 62.21%

*Investments are subject to market risks

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GFL Ltd:
    1. Net Profit Margin: -756.14%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.07% (Industry Average ROCE: 13.78%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -2.99% (Industry Average ROE: 9.96%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 95.92
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 365 (Industry average Stock P/E: 143.25)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

GFL Ltd. is a Public Limited Listed company incorporated on 04/02/1987 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65100MH1987PLC374824 and registration number is 009362. 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. 3.32 Cr. and Equity Capital is Rs. 10.99 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - OthersCeejay House, 7th Floor, Dr. Annie Besant Road, Mumbai Maharashtra 400018Contact not found
Management
NamePosition Held
Mr. Devendra Kumar JainChairman & Managing Director
Mr. Pavan Kumar JainNon Executive Director
Mr. Siddharth JainNon Executive Director
Mr. Shashi Kishore JainIndependent Director
Ms. Girija BalakrishnanIndependent Director
Mr. Sudip MullickIndependent Director

FAQ

What is the intrinsic value of GFL Ltd?

GFL Ltd's intrinsic value (as of 03 April 2026) is ₹3289.10 which is 8290.56% higher the current market price of ₹39.20, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹430 Cr. market cap, FY2026-2027 high/low of ₹81.0/37.1, reserves of ₹2,515.87 Cr, and liabilities of ₹2,692.66 Cr.

What is the Market Cap of GFL Ltd?

The Market Cap of GFL Ltd is 430 Cr..

What is the current Stock Price of GFL Ltd as on 03 April 2026?

The current stock price of GFL Ltd as on 03 April 2026 is ₹39.2.

What is the High / Low of GFL Ltd stocks in FY 2026-2027?

In FY 2026-2027, the High / Low of GFL Ltd stocks is ₹81.0/37.1.

What is the Stock P/E of GFL Ltd?

The Stock P/E of GFL Ltd is 365.

What is the Book Value of GFL Ltd?

The Book Value of GFL Ltd is 230.

What is the Dividend Yield of GFL Ltd?

The Dividend Yield of GFL Ltd is 0.00 %.

What is the ROCE of GFL Ltd?

The ROCE of GFL Ltd is 1.89 %.

What is the ROE of GFL Ltd?

The ROE of GFL Ltd is 2.96 %.

What is the Face Value of GFL Ltd?

The Face Value of GFL Ltd is 1.00.

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 GFL 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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