GFL Ltd (GFLLIMITED) AI Stock Analysis

GFL Ltd

(NSE:GFLLIMITED)

Select Model

Rating:63Neutral

Price Target:INR 66.00▲(26.92% Upside)

Action:reiterated

Date:08/20/26

The score is held back primarily by mixed financial quality: while leverage has improved materially (no debt since 2023), earnings remain volatile and recent cash flow strength is weak with free cash flow at zero in 2026. Offsetting this, technicals are strong with clear trend support and positive momentum, and valuation appears attractive with a low P/E.

Positive Factors

Debt eliminationThe elimination of reported debt materially reduces balance-sheet risk and interest-related pressure compared with 2021–2022. A largely stable equity base also provides financial resilience, giving GFL more flexibility to manage operations and pursue opportunities without relying on leverage.

Negative Factors

Weak cash conversionZero free cash flow in the latest period weakens GFL’s ability to fund investment, distributions, or balance-sheet protection from internally generated cash. The sharp decline from 2023 and weaker profit coverage also raise concerns that reported earnings may not translate reliably into liquidity.

GFL Ltd (GFLLIMITED) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 5.73B
Dividend Yield: ―
Average Volume (3M): 7,563
Price to Earnings (P/E): 9.4
Beta (1Y): 1.13
Revenue Growth: 7.82%
EPS Growth: ―
Country: India
Employees: 4
Sector: General
Sector Strength: 55
Industry: Asset Management

GFL Ltd Business Overview & Revenue Model

Company Description

GFL Limited is a prominent Indian company primarily involved in the operation and management of multiplex cinema theaters. Under its well-recognized INOX brand, it oversees 154 multiplexes, encompassing 651 screens, spread across 69 cities throughout...

GFL Ltd Financial Statement Overview

Summary

Balance sheet strength is a key positive with debt reduced to zero from 2023–2026 and stable equity (Balance Sheet Score 68). However, earnings are highly volatile with large swings in profitability despite the 2026 rebound (Income Statement Score 56), and cash conversion has weakened with free cash flow dropping to zero in 2026 and weak operating cash flow support (Cash Flow Score 40).

Income Statement

56Neutral

Balance Sheet

68Positive

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	35.10M	39.70M	22.50M	22.54M	26.04M	15.44M
Gross Profit	26.30M	39.50M	15.90M	16.24M	25.18M	14.83M
EBITDA	544.20M	527.70M	7.20M	22.18M	1.93M	-33.81M
Net Income	606.30M	450.20M	-755.90M	-75.69M	22.48B	-1.11B
Balance Sheet
Total Assets	0	27.37B	26.86B	27.32B	27.41B	40.35B
Cash, Cash Equivalents and Short-Term Investments	5.10M	230.19M	4.70M	193.80M	177.77M	2.23B
Total Debt	0	0	0	0	0	29.48B
Total Liabilities	-25.65B	1.72B	1.65B	1.38B	1.39B	32.91B
Stockholders Equity	25.65B	25.65B	25.21B	25.94B	26.02B	3.53B
Cash Flow
Free Cash Flow	1.30M	0	5.00M	3.54M	4.02B	119.39M
Operating Cash Flow	1.30M	4.10M	5.00M	3.62M	4.02B	889.53M
Investing Cash Flow	1.50M	-1.80M	-9.60M	-976.00K	-2.19B	-1.60B
Financing Cash Flow	0	0	0	0	-1.84B	854.11M

GFL Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price52.00

Price Trends

50DMA56.32Negative

100DMA51.69Positive

200DMA49.30Positive

Market Momentum

MACD-0.96Positive

RSI38.98Neutral

STOCH18.65Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GFLLIMITED, the sentiment is Negative. The current price of 52.00 is below the 20-day moving average (MA) of 55.63, below the 50-day MA of 56.32, and above the 200-day MA of 49.30, indicating a neutral trend. The MACD of -0.96 indicates Positive momentum. The RSI at 38.98 is Neutral, neither overbought nor oversold. The STOCH value of 18.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GFLLIMITED.

GFL Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GFLLIMITED against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:DEN	66Neutral	INR 11.61B	7.76	―	―	-2.48%	-22.06%
IN:HATHWAY	65Neutral	INR 16.05B	24.61	―	―	5.91%	-30.62%
IN:GFLLIMITED	63Neutral	INR 5.71B	9.36	―	―	7.82%	―
IN:GTPL	56Neutral	INR 6.07B	-232.30	―	3.70%	10.27%	-106.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DISHTV	42Neutral	INR 3.76B	-0.38	―	―	-23.76%	-69.83%
IN:SITINET	40Underperform	INR 427.31M	-0.24	―	―	―	―

* General Sector Average

Performance Comparison

IN:GFLLIMITED and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GFLLIMITED	GFL Ltd	52.00	-10.30	-16.53%
IN:DEN	DEN Networks Limited	24.36	-9.54	-28.14%
IN:DISHTV	Dish TV India Limited	2.04	-2.36	-53.64%
IN:GTPL	GTPL Hathway Ltd	54.00	-48.67	-47.40%
IN:HATHWAY	Hathway Cable & Datacom Ltd.	9.07	-4.67	-33.99%
IN:SITINET	Siti Networks Limited	0.49	0.00	0.00%

GFL Ltd Corporate Events

GFL Limited Files SEBI-Mandated Demat Compliance Certificate for June Quarter

Jul 9, 2026

GFL Limited has notified stock exchanges that it has received a compliance certificate from its registrar and share transfer agent, MUFG Intime India Private Limited, for the quarter ended 30 June 2026. The filing confirms adherence to Regulation 74(...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 20, 2026

GFL Ltd AI Stock Analysis