Gillanders Arbuthnot & Co. Ltd. (GILLANDERS) AI Stock Analysis

Gillanders Arbuthnot & Co. Ltd.

(NSE:GILLANDERS)

Select Model

Rating:56Neutral

Price Target:INR 95.00▲(2.65% Upside)

Action:reiterated

Date:09/29/26

The overall score of 56 reflects a company with a moderately improved technical picture and a reasonable valuation, offset by significant fundamental weaknesses. The most impactful factor is the sharp decline in gross margins and thin profitability, which raises concerns about the sustainability of earnings. Positively, the stock's upward price momentum and reduced balance sheet leverage provide some support, but the inconsistent financial performance remains the primary risk.

Positive Factors

Manageable LeverageManageable leverage and rising equity provide a stronger financial foundation than a highly indebted structure. This supports resilience across the plantation cycle and preserves some capacity to fund operations, absorb weaker periods, or pursue growth while profitability remains uneven.

Negative Factors

Volatile ProfitabilityThe sharp swings from loss to recovery and then materially lower earnings indicate that profitability is not yet dependable. Such volatility makes it harder to forecast earnings, sustain margins, and consistently reinvest cash in the business over the next several quarters.

Gillanders Arbuthnot & Co. Ltd. (GILLANDERS) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 2.01B
Dividend Yield: ―
Average Volume (3M): 800
Price to Earnings (P/E): 11.5
Beta (1Y): 1.11
Revenue Growth: -2.88%
EPS Growth: -43.91%
Country: India
Employees: 6,454
Sector: General
Sector Strength: 55
Industry: Conglomerates

Gillanders Arbuthnot & Co. Ltd. Business Overview & Revenue Model

Company Description

Operating both domestically in India and on an international scale, Gillanders Arbuthnot and Company Limited is a diversified entity primarily focused on the textile, engineering, tea, and property sectors. Its Textile division is responsible for the...

How the Company Makes Money

Revenue is primarily generated through the sale of tea and related outputs produced from its estates/plantations. This typically includes (i) selling manufactured tea (and potentially made-tea/green leaf depending on estate operations) into domestic...

Gillanders Arbuthnot & Co. Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet shows improving leverage (debt-to-equity 0.58) and a recovering equity base, but the income statement reveals alarming gross margin compression to 25% and a thin net margin of 2.2%. Cash flows remain positive but have trended downward from prior peaks. Overall, the company shows some resilience but suffers from significant profitability instability.

Income Statement

40Negative

Balance Sheet

58Neutral

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	4.34B	4.31B	4.43B	3.63B	4.49B	4.01B
Gross Profit	1.15B	3.10B	2.42B	2.55B	1.90B	1.88B
EBITDA	410.05M	233.66M	256.99M	-195.44M	386.45M	443.24M
Net Income	174.38M	94.65M	267.21M	-486.22M	148.22M	163.40M
Balance Sheet
Total Assets	0	5.53B	5.14B	4.77B	5.50B	5.97B
Cash, Cash Equivalents and Short-Term Investments	28.73M	31.38M	8.39M	23.91M	26.72M	20.74M
Total Debt	0	1.49B	1.39B	1.29B	1.45B	1.83B
Total Liabilities	-2.58B	2.95B	2.69B	2.59B	2.74B	3.27B
Stockholders Equity	2.58B	2.58B	2.45B	2.17B	2.77B	2.70B
Cash Flow
Free Cash Flow	-26.71M	157.98M	-3.55M	284.04M	373.49M	612.06M
Operating Cash Flow	21.81M	262.70M	77.00M	327.18M	483.47M	685.95M
Investing Cash Flow	-32.23M	-83.78M	-65.61M	-26.25M	109.21M	-18.20M
Financing Cash Flow	11.03M	96.87M	-29.16M	-303.73M	-573.16M	-680.63M

Gillanders Arbuthnot & Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price92.55

Price Trends

50DMA103.22Negative

100DMA96.65Negative

200DMA94.06Negative

Market Momentum

MACD-2.56Positive

RSI37.95Neutral

STOCH3.02Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GILLANDERS, the sentiment is Negative. The current price of 92.55 is below the 20-day moving average (MA) of 102.23, below the 50-day MA of 103.22, and below the 200-day MA of 94.06, indicating a bearish trend. The MACD of -2.56 indicates Positive momentum. The RSI at 37.95 is Neutral, neither overbought nor oversold. The STOCH value of 3.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GILLANDERS.

Gillanders Arbuthnot & Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GILLANDERS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BALMLAWRIE	78Outperform	INR 26.58B	9.52	―	5.47%	8.87%	2.96%
IN:MSTCLTD	60Neutral	INR 37.71B	16.07	―	2.93%	21.02%	-44.88%
IN:GILLANDERS	56Neutral	INR 1.98B	11.51	―	―	-2.88%	-43.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SBC	48Neutral	INR 31.51B	78.23	―	―	63.28%	80.14%
IN:STCINDIA	45Neutral	INR 5.89B	0.90	―	―	―	2545.89%
IN:MMTC	31Underperform	INR 75.61B	16.93	―	―	-19.71%	355.54%

* General Sector Average

Performance Comparison

IN:GILLANDERS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GILLANDERS	Gillanders Arbuthnot & Co. Ltd.	92.55	-29.65	-24.26%
IN:BALMLAWRIE	Balmer Lawrie & Co. Ltd.	155.45	-36.62	-19.07%
IN:MMTC	MMTC Limited	50.41	-17.62	-25.90%
IN:MSTCLTD	MSTC Ltd.	535.70	-2.98	-0.55%
IN:SBC	SBC Exports Ltd.	66.18	42.11	174.95%
IN:STCINDIA	State Trading Corporation of India Limited	98.20	-36.90	-27.31%

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: Sep 29, 2026

Gillanders Arbuthnot & Co. Ltd. AI Stock Analysis