AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Scheme of Arrangement 28 Sep - NCLT sanctioned merger of INOX Infrastructure into GFL Ltd on September 28, 2026.
Source: Bse
GFL Limited (GFLLIMITED)
Small CapIndustrials stocks · Small cap · NSE
GFL Limited operates in Fluorine Chemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹57.9
-3.42 · -5.58%
Market cap ₹607 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 05:56 pm ISTDetails
Quote19 Oct, 05:56 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:05 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
62Bullishfull bull SMA stack · MACD +
Stock trend: 71
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GFLLIMITEDD candles · FIT view+23.4%Latest close ₹57.90 on 2026-10-19
Bar
-4.0%
RSI
53
MACD hist
0.28
52W pos
47%
2026-10-19O ₹60.30H ₹61.32L ₹57.10C ₹57.90Vol 86,194 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GFLLIMITEDNifty India ManufacturingNifty 500
- GFLLIMITED
- +25.5%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- +31.1 pp
Chart stats
19 Oct 2026- From 52W high
- -28.5%
- 52W range position
- 47%
- ATR (14)
- 5.2%
- Volume vs 20D
- 1.21x
- Avg traded value
- ₹0.4 Cr
- 20D price channel
- ₹53.2 - ₹62.8
₹81
₹37.3 - ₹81
₹3
Latest completed session
20-session average
44.0% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED63
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +12.0% · PAT NDF YoY
Technical
Bullish62
Price trend and sector-relative-strength timing.
Valuation
Legacy model+73.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence65
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +12% YoY · margin expansion · +16% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1 Cr | +12.0% | +15.7% |
| EBITDA | ₹0.3 Cr | +103.0% | +70.6% |
| Operating margin | 28.2% | +106403 bps | +906 bps |
| PAT | ₹7.4 Cr | NDF | -70.9% |
| PAT margin | 722.3% | +160929 bps | -214958 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 10.00
- P/B
- 0.24
- EV/EBITDA
- 303.50
- Market Cap
- 607.00Cr
Profitability
- ROE
- 1.77%
- ROCE
- 2.07%
- ROA
- 2.23%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -49.00%
- EPS 5Y
- 19.00%
- Revenue 3Y
- -88.00%
- EPS 3Y
- 67.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- —
- Altman Z
- 3.77
- Book Value
- 233.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 6/5
- OCF
- —
- EPS TTM
- 5.52
Shareholding
- Promoter Hold
- 68.72%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 41%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 4.0+0.0% vs prev
Net Profit
₹ CrLatest: 45.0+159.2% vs prev
Return on Equity
%Latest: 1.8+158.1% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 53.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 53 — sideways, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 29% off 52W high · 55% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
67
RS percentile
Stage 2 UptrendEstablished S2
1M return
+2.6%
3M return
+25.5%
6M return
+20.5%
1Y return
-16.6%
RS 1D
-2
RS 20D
+1
Sector rank
#2
Industry rank
#9
Stage evidence
- Price is 17.8% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +3.4%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
02 Sept 2026
S2 age
32 trading sessions
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 98.41-4.60%
RS vs Nifty 50098
Valuation & peers
U-Score 63 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 63 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · UNDERVALUEDValuation26/30
Growth20/25
Quality0/20
Balance Sheet11/15
Cash Flow3/10
Piotroski
5/9 (+3)
Penalties
0
Raw sum
63
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
63/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 73.3%.
- Valuation contributes 26/30 to the score.
- Growth contributes 20/25 to the score.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
- Balance sheet is weaker at 11/15; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
10.0
PB
0.2
EV/EBITDA
303.5
ROE
1.8%
ROCE
2.1%
FCF Yield
—
Debt/Equity
0.0
MoS
+73.3%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
63
Previous: 63
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+73.3%
Previous: +73.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
63
63
63
63
63
63
63
63
63
63
63
63
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹170.11
+66.0% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹216.94
+73.3% MoS
PEG
0.33
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
AGARIND
Small
Agarwal Industrial Corporation Limited
Specialty Chemicals
match 135
65
14.0
6.2%
+67%
UNDERVALUED
CHEMBONDCH
Small
Chembond Chemicals Limited
Specialty Chemicals
match 135
62
14.5
17.7%
+64%
UNDERVALUED
JAYAGROGN
Small
Jayant Agro Organics Limited
Specialty Chemicals
match 134
46
11.7
8.5%
-49%
FAIR VALUE
UNIENTER
Small
Uniphos Enterprises Limited
Specialty Chemicals
match 133
33
29.6
0.8%
-405%
WATCHLIST
BLACKROSE
Small
Black Rose Inds. Limited
Specialty Chemicals
match 133
40
19.5
13.6%
-225%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
GFL Limited operates in Fluorine Chemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
65Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 45th percentile of the scored universe and 44th percentile within Industrials. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
53 docs text-extracted · 23 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
45th percentile
overall median 67 · Industrials: 44th pctile, median 68 · Small: 50th pctile, median 66
Evidence depth
Financial-only
53 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
50
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 68.7%.
- ▸Promoter pledge is zero.
- ▸6 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸ROCE is low at 2.1%.
- ▸ROE is low at 1.8%.
- ▸ROCE trend is -7.6%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching GFL Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Reg. 34 (1) Annual Report. 1 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Jul - Please find attached herewith Newspaper Publication for Notice of Hearing of Company Petition.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 29 May - Approved FY26 audited results, reappointed Shashi Kishore Jain for five years, and reappointed internal auditors for 2026-27.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Announcement under Regulation 30 (LODR)-Scheme of Arrangement 16 Oct - GFL received certified copy of NCLT final order sanctioning INOX Infrastructure merger, appointed date April 1, 2026.
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
AnnouncementMar 2026
Mar 2026 · Financial Results For The Financial Year Ended 31St March 2026. 29 May - GFL approved FY26 audited results, reappointed Shashi Kishore Jain, and set postal ballot for 5-year term.
Source: Bse
Annual report
Notice Of Annual General Meeting (AGM) And Annual Report For FY 2025-26 1 Sep
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.