GFL Limited (GFLLIMITED.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-100.6%

-₹0.29

vs ₹51.00 price

Levered DCF

₹7.19

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.16×	-7.96×	-106.96×	0.23×	-7.79×	-3.46×	-6.01×	1.02×
P/B	0.16×	0.24×	0.31×	0.2×	2.46×	2.15×	0.34×	0.22×
P/S	103.83×	267.49×	359.62×	200.83×	561.2×	7.49×	0.39×	0.45×
EV / EBITDA	7.8×	835.77×	365.25×	2,709.05×	-1,121.36×	41.62×	5.77×	5.19×
Gross margin	99.5%	70.7%	72.0%	96.7%	96.0%	-23.0%	67.3%	74.3%
Operating margin	50.9%	31.1%	41.4%	30.5%	-14.2%	-420.5%	17.7%	10.6%
Net margin	1134.0%	-3359.6%	-335.8%	86356.5%	-7204.4%	-216.6%	-6.5%	44.0%
Current ratio	2.96×	156.05×	57.41×	32.48×	0.87×	0.6×	12.01×	2.29×
Debt / equity	0×	0×	0×	0×	8.35×	7.66×	1.3×	0.2×
Interest coverage	0×	0×	0×	1,134.43×	-3.47×	-1.78×	1.53×	1.96×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	7.2%	3.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-42.9%	3.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.8%	-3.0%	-0.3%	86.4%	-31.5%	-62.2%	-5.7%	21.8%
Return on invested capital	0.1%	0.0%	0.0%	0.0%	-0.0%	-9.3%	0.4%	2.3%
Return on assets	1.6%	-2.8%	-0.3%	82.0%	-2.8%	-6.0%	-1.3%	11.3%
Free cash flow yield	0.0%	0.1%	0.0%	76.9%	1.4%	-27.0%	135.0%	43.8%
Earnings yield	10.9%	-12.6%	-0.9%	430.0%	-12.8%	-28.9%	-16.7%	97.7%
Enterprise value	₹4.1B	₹6B	₹8.1B	₹5.2B	₹37.9B	₹35.8B	₹35.4B	₹23.9B
Net debt / EBITDA	-0.01×	-0.15×	-0.26×	-1.61×	-865.01×	32.31×	4.56×	2.3×
Cash conversion cycle (days)	-3,806	-53	-87	-47	-49,392	-1,520	-54	153