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GFL Ltd
(GFLLIMITED)
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Rating:63Neutral
Price Target:
₹66.00
▲(13.60% 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 elimination
The 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 conversion
Zero 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.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt elimination
The 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.
Read all positive factors
GFL Ltd (GFLLIMITED) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.40B
Dividend Yield6.22%
Average Volume (3M)11.91K
Price to Earnings (P/E)10.6
Beta (1Y)0.89
Revenue Growth7.82%
EPS GrowthN/A
CountryIN
Employees4
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)5.52
Shares Outstanding109,850,000
10 Day Avg. Volume11,748
30 Day Avg. Volume11,908
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.16
Price to Sales (P/S)103.83
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 through...
GFL Ltd Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
68
Positive
Cash Flow
40
Negative
| 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 | 22.00M | 1.93M | -33.81M |
| Net Income | 606.30M | 450.20M | -755.90M | -75.69M | 22.48B | -1.11B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 27.37B | 26.86B | 27.32B | 27.41B | 40.35B |
| Cash, Cash Equivalents and Short-Term Investments | 5.10M | 5.10M | 4.70M | 193.80M | 177.77M | 2.23B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | -1.84B | 854.11M |
GFL Ltd Technical Analysis
Positive
58.10
Price Trends
50.84
Positive
48.94
Positive
49.83
Positive
Market Momentum
2.42
Positive
58.32
Neutral
29.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GFLLIMITED, the sentiment is Positive. The current price of 58.1 is above the 20-day moving average (MA) of 56.46, above the 50-day MA of 50.84, and above the 200-day MA of 49.83, indicating a bullish trend. The MACD of 2.42 indicates Positive momentum. The RSI at 58.32 is Neutral, neither overbought nor oversold. The STOCH value of 29.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GFLLIMITED.
GFL Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹12.87B | 8.63 | ― | ― | -2.34% | -28.98% | |
63 Neutral | ₹6.40B | 10.56 | ― | 6.22% | 7.82% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹18.14B | 24.95 | ― | ― | 5.64% | -27.94% | |
48 Neutral | ₹6.73B | 89.27 | ― | 3.34% | 8.29% | -82.98% | |
42 Neutral | ₹4.64B | -0.47 | ― | 1.19% | -23.76% | -69.83% | |
40 Underperform | ₹427.31M | -0.17 | ― | ― | -6.77% | -48.21% |
* General Sector Average
IN:GFLLIMITED
GFL Ltd
58.25
-3.53
-5.71%
IN:DEN
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27.00
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IN:DISHTV
Dish TV India Limited
2.52
-3.12
-55.32%
IN:GTPL
GTPL Hathway Ltd
59.88
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IN:HATHWAY
Hathway Cable & Datacom Ltd.
10.25
-4.67
-31.30%
IN:SITINET
Siti Networks Limited
0.49
-0.01
-2.00%
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 ...
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.