Gulf Lloyds (India) Ltd
Incorporated in September 2014, Gulf Lloyds operates in the Services Sector, providing third-party inspection, Auditing, Certification, Testing, and Training services across various industries.[1]
- Market Cap ₹ 28.5 Cr.
- Current Price ₹ 42.3
- High / Low ₹ 100 / 26.2
- Stock P/E 7.41
- Book Value ₹ 47.2
- Dividend Yield 0.00 %
- ROCE 27.7 %
- ROE 32.9 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.90 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 43.8%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 163 days.
- Working capital days have increased from 34.1 days to 65.2 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Services Services Commercial Services & Supplies Consulting Services
Part of BSE SME IPO
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|
| 23.26 | 35.61 | 34.18 | 35.26 | |
| Sales growth | +53.10% | -4.02% | ||
| 20.55 | 27.95 | 27.16 | 27.88 | |
| Operating Profit | 2.71 | 7.66 | 7.02 | 7.38 |
| OPM % | 11.65% | 21.51% | 20.54% | 20.93% |
| 0.25 | 0.24 | 0.29 | 0.32 | |
| Interest | 0.45 | 0.98 | 1.60 | 1.98 |
| Depreciation | 0.19 | 0.41 | 0.66 | 0.67 |
| Profit before tax | 2.32 | 6.51 | 5.05 | 5.05 |
| Tax % | 27.59% | 26.57% | 23.76% | |
| 1.68 | 4.78 | 3.85 | 3.84 | |
| EPS in Rs | 3.43 | 9.76 | 7.84 | 6.75 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 44% |
| Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 4.91 | 6.73 |
| Reserves | 4.65 | 9.77 | 8.71 | 25.03 |
| 6.94 | 8.94 | 15.67 | 14.33 | |
| 4.29 | 5.09 | 4.67 | 3.25 | |
| Total Liabilities | 15.89 | 23.81 | 33.96 | 49.34 |
| 0.94 | 2.07 | 2.06 | 1.94 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.01 | 0.01 |
| 14.95 | 21.74 | 31.89 | 47.39 | |
| Total Assets | 15.89 | 23.81 | 33.96 | 49.34 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| -5.02 | 1.18 | -2.43 | |
| -0.38 | -1.98 | -1.00 | |
| 5.86 | 1.02 | 5.13 | |
| Net Cash Flow | 0.46 | 0.22 | 1.70 |
| Free Cash Flow | -5.46 | -2.91 | -3.59 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -131% | 31% | -16% |
Ratios
Standalone / View Consolidated
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 82.38 | 109.67 | 163.49 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 82.38 | 109.67 | 163.49 |
| Working Capital Days | -6.59 | 43.66 | 65.25 |
| ROCE % | 49.60% | 27.70% |
Documents
Announcements
-
Statement Of Deviation And Variation In The Use Of Proceeds Of Allotment Of Equity Shares
- Gulf Lloyds reports no deviation in ₹1,819.20 lakh IPO proceeds for half year ended 30 September 2026.
- Half Yearly Financial Result Ended 30-09-2026
-
Board Meeting Outcome for Declaration Of Half Yearly Results Of The Company
- Board approved unaudited standalone and consolidated results for half year ended September 30, 2026.
-
Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Unaudited Financial Results For The Half Year Ended 30Th September 2026, With Other Agenda Items.
- Board meeting on 9 November 2026 to approve H1 FY2027 unaudited standalone and consolidated results.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Reg. 74(5) of SEBI (DP) Regulation 2018 for half year ended on 30th September 2026
Business Profile:[1]
Gulf Lloyds (India) Ltd. is a third-party inspection, auditing, verification, certification, testing, and training services company catering to industrial, infrastructure, oil & gas, power, engineering, manufacturing, irrigation and energy sectors.