Gujarat Lease Financing Limited (GLFL.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

-125.7%

-₹1.23

vs ₹4.78 price

Levered DCF

-₹3.96

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.39

Distress zone

Rating

D+

Overall 1 / 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	198×	255.5×	265.63×	36.6×	-100.66×	-19.23×	70×	-11.79×
P/B	-2.31×	-3.69×	-5.6×	-1.6×	-1.87×	-1.56×	-0.57×	-0.72×
P/S	22.05×	35.61×	48.03×	23.56×	28.28×	229.1×	6.35×	55.32×
EV / EBITDA	272.44×	166.29×	373.05×	-301.49×	-308.27×	-34.06×	298.68×	-103.82×
Gross margin	78.4%	78.6%	-1.6%	68.5%	96.9%	-197.0%	84.2%	1.4%
Operating margin	11.2%	63.0%	18.2%	151.3%	-28.0%	-1167.9%	3.5%	-360.0%
Net margin	11.1%	13.9%	18.1%	64.4%	-28.1%	-1179.4%	62.2%	-474.7%
Current ratio	13.18×	1.39×	15.44×	2.21×	15.18×	17.53×	0.43×	0.22×
Debt / equity	-2.48×	-2.46×	-2.43×	-2.36×	-2.26×	-2.3×	-1.49×	-2.41×
Interest coverage	0×	0×	0×	0×	0×	-101.68×	2.99×	-291.2×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-1.2%	-1.4%	-2.1%	-4.4%	1.9%	8.0%	-5.6%	6.2%
Return on invested capital	0.8%	4.5%	1.5%	7.6%	-1.5%	-6.1%	0.6%	-3.3%
Return on assets	0.7%	0.9%	1.4%	3.0%	-1.4%	-5.8%	10.2%	-4.1%
Free cash flow yield	60.0%	-2.6%	-3.9%	2.7%	-4.1%	-85.9%	-15.5%	-11.7%
Earnings yield	0.5%	0.4%	0.4%	2.7%	-1.0%	-5.1%	9.8%	-8.6%
Enterprise value	₹133.5M	₹246.8M	₹327.9M	₹160.1M	₹179.7M	₹109.3M	₹136.8M	₹194.1M
Net debt / EBITDA	82.12×	65.4×	110.74×	-173.78×	-166.36×	-12.94×	215.76×	-79.89×
Cash conversion cycle (days)	-133	-91	-93	-123	-93	-120	-256	-603