GFL Ltd

About [ edit ]

GFL is engaged in manufacturing and trading of refrigerant gases, caustic soda, chloromethane, Polytetrafluoroethylene (PTFE), fluoropolymers, fluoromonomers, specialty fluorointermediates, specialty chemicals and allied activities.

  • Market Cap 834 Cr.
  • Current Price 76.0
  • High / Low 110 / 63.8
  • Stock P/E
  • Book Value 33.9
  • Dividend Yield 0.00 %
  • ROCE -6.15 %
  • ROE -18.0 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 145.88 to 60.66 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -56.63% over past five years.
  • Company has a low return on equity of 8.94% for last 3 years.
  • Contingent liabilities of Rs.1022.36 Cr.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.43.96 Cr.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
675 814 827 659 804 661 513 372 98 1 15 91
524 707 682 581 611 495 372 437 90 -39 26 104
Operating Profit 151 107 144 78 192 166 141 -65 8 40 -11 -13
OPM % 22% 13% 17% 12% 24% 25% 28% -18% 8% 5,764% -73% -15%
Other Income 108 455 121 580 9 10 6 5 9 6 8 25
Interest 41 40 44 42 93 104 54 61 123 65 62 62
Depreciation 41 42 43 44 80 86 65 74 94 71 71 70
Profit before tax 176 479 178 572 28 -14 28 -196 -200 -90 -136 -120
Tax % 17% 2% 13% -1% 32% 51% 69% -31% 31% 25% 25% 22%
Net Profit 125 461 138 580 13 -4 4 -136 -73 -36 -51 -43
EPS in Rs 11.33 41.99 12.53 52.73 1.15 -0.34 0.37 -12.41 -6.65 -3.24 -4.60 -3.92

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,257 1,442 2,816 3,147 3,431 5,310 6,972 6,288 3,893 2,969 2,704 107
787 1,043 1,606 2,130 2,833 4,300 5,668 5,134 3,168 2,507 2,227 154
Operating Profit 470 399 1,210 1,017 598 1,011 1,303 1,154 725 462 477 -47
OPM % 37% 28% 43% 32% 17% 19% 19% 18% 19% 16% 18% -44%
Other Income 70 100 47 31 45 318 91 -85 133 1,282 45 44
Interest 53 44 89 132 179 219 218 279 279 167 445 253
Depreciation 78 97 149 171 200 285 325 349 299 169 354 283
Profit before tax 410 358 1,019 746 264 826 852 441 279 1,408 -278 -538
Tax % 15% 24% 24% 26% 14% 19% 29% 51% 14% 4% 15% 20%
Net Profit 341 271 780 543 186 585 399 88 254 1,305 -123 -232
EPS in Rs 31.02 24.70 70.98 49.44 16.93 53.25 36.33 8.02 23.07 118.73 -11.23 -21.08
Dividend Payout % 11% 14% 5% 7% 21% 7% 10% 44% 15% 0% 0% 0%
Compounded Sales Growth
10 Years:-23%
5 Years:-57%
3 Years:-70%
TTM:-96%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-85%
Stock Price CAGR
10 Years:1%
5 Years:-3%
3 Years:-12%
1 Year:3%
Return on Equity
10 Years:10%
5 Years:7%
3 Years:9%
Last Year:-18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
11 11 11 11 11 11 11 11 11 11 11 11
Reserves 1,671 1,897 2,707 3,148 3,286 4,224 4,443 4,507 4,756 5,966 2,168 362
Borrowings 619 790 1,552 2,134 2,302 2,565 2,973 3,308 2,019 1,220 3,765 2,808
661 913 914 1,099 1,482 2,563 3,053 3,105 2,966 4,334 3,637 702
Total Liabilities 2,961 3,610 5,184 6,392 7,082 9,363 10,479 10,931 9,753 11,531 9,581 3,883
1,437 1,912 2,696 3,607 3,729 4,231 4,600 3,505 3,813 2,052 4,518 3,083
CWIP 199 368 741 523 763 403 238 410 724 522 150 57
Investments 723 463 184 348 369 159 404 678 524 149 122 22
602 868 1,562 1,914 2,221 4,570 5,236 6,338 4,691 8,808 4,791 721
Total Assets 2,961 3,610 5,184 6,392 7,082 9,363 10,479 10,931 9,753 11,531 9,581 3,883

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
731 271 572 284 542 149 379 732 952 996 1,214 -156
-635 -344 -929 -890 -471 248 -1,470 -674 589 -956 -608 74
-206 -0 601 372 -93 659 136 53 -1,668 -79 -629 56
Net Cash Flow -110 -73 244 -233 -22 1,056 -955 110 -127 -40 -23 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 21% 14% 32% 18% 8% 12% 15% 12% 7% 23% 3% -6%
Debtor Days 31 50 38 103 101 128 151 161 182 190 187 61
Inventory Turnover 1.75 2.20 2.34 2.30 3.02 3.39 4.10 2.68 0.98 0.83 0.38 0.01

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
68.33 68.63 68.72 68.72 68.72 68.72 68.72 68.72 68.72
4.80 4.59 4.35 4.21 4.20 4.10 4.04 4.05 4.19
5.16 5.49 4.30 4.85 4.82 4.82 4.68 4.67 3.25
21.72 21.29 22.63 22.22 22.26 22.35 22.55 22.55 23.84

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