GMM Pfaudler Ltd

GMM Pfaudler Ltd

₹ 796 -1.19%
26 May - close price
About

GMM Pfaudler manufactures corrosion resistant glass-lined equipments [1]. It is a leading supplier of process equipments to the pharmaceutical and chemical industries [2]. Over the years GMMP has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering Equipments.

Key Points

Market Leadership
The company is the market leader in the global glass-lined equipment segment, holding a market share of 50% in America, 40% in Europe, 20% in China, and 50% in India. While it faces intense competition in the small vessel segment, the group enjoys a near monopoly in the large vessel segment. [1]

  • Market Cap 3,578 Cr.
  • Current Price 796
  • High / Low 1,418 / 784
  • Stock P/E 52.2
  • Book Value 185
  • Dividend Yield 0.25 %
  • ROCE 11.2 %
  • ROE 8.48 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 4.30 times its book value
  • The company has delivered a poor sales growth of 10.0% over past five years.
  • Promoter holding is low: 25.2%
  • Company has a low return on equity of 7.00% over last 3 years.
  • Promoter holding has decreased over last 3 years: -13.6%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
293 280 266 260 225 223 208 238 252 231 272 242 289
248 240 228 228 196 198 186 209 218 195 233 209 263
Operating Profit 45 40 39 32 28 25 22 29 34 36 39 34 26
OPM % 15% 14% 14% 12% 13% 11% 11% 12% 14% 16% 14% 14% 9%
19 0 0 1 0 1 3 1 1 1 3 -11 8
Interest 8 8 8 10 8 8 7 7 7 7 7 7 7
Depreciation 10 10 10 9 8 8 8 8 8 8 7 8 7
Profit before tax 46 23 20 14 12 10 11 15 20 22 28 8 20
Tax % 25% 26% 23% 24% 37% 26% 26% 22% 26% 25% 26% 27% 17%
34 17 16 11 8 8 8 12 15 17 20 6 16
EPS in Rs 7.63 3.75 3.51 2.40 1.69 1.68 1.74 2.61 3.37 3.71 4.51 1.31 3.65
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
224 230 266 312 419 516 641 815 1,075 1,031 921 1,034
193 198 226 266 353 416 487 643 904 892 811 899
Operating Profit 31 32 41 46 66 100 154 172 171 139 110 135
OPM % 14% 14% 15% 15% 16% 19% 24% 21% 16% 13% 12% 13%
3 3 5 7 7 5 8 4 23 2 6 1
Interest 1 1 1 1 1 3 7 15 27 34 29 28
Depreciation 8 7 7 8 10 20 29 34 36 37 31 30
Profit before tax 26 28 38 44 61 82 126 127 131 70 56 78
Tax % 34% 34% 31% 35% 34% 24% 24% 25% 25% 27% 25% 24%
17 18 26 28 41 62 95 95 99 51 42 59
EPS in Rs 3.92 4.18 5.94 6.46 9.26 14.15 21.66 21.63 22.01 11.36 9.40 13.19
Dividend Payout % 25% 24% 22% 21% 16% 12% 8% 9% 9% 18% 21% 8%
Compounded Sales Growth
10 Years: 16%
5 Years: 10%
3 Years: -1%
TTM: 12%
Compounded Profit Growth
10 Years: 14%
5 Years: -6%
3 Years: -7%
TTM: 63%
Stock Price CAGR
10 Years: 23%
5 Years: -14%
3 Years: -18%
1 Year: -28%
Return on Equity
10 Years: 13%
5 Years: 10%
3 Years: 7%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 3 3 3 3 3 3 3 3 9 9 9 9
Reserves 125 138 162 183 215 268 354 442 699 742 776 823
0 0 0 0 0 34 123 140 337 287 238 250
62 55 84 101 127 125 188 285 278 188 198 248
Total Liabilities 190 196 249 286 345 431 668 870 1,323 1,226 1,221 1,330
33 40 48 57 63 127 177 227 232 230 183 169
CWIP 5 4 2 7 5 2 3 10 7 9 4 9
Investments 34 36 68 73 69 58 172 171 519 519 519 523
119 116 131 151 208 245 316 461 565 467 515 629
Total Assets 190 196 249 286 345 431 668 870 1,323 1,226 1,221 1,330

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
27 14 22 39 36 50 125 82 58 113 93 18
-15 -18 -21 -23 -9 -45 -199 -89 -195 -9 -20 25
-6 -6 -6 -8 -10 -5 74 -7 159 -117 -88 -24
Net Cash Flow 7 -10 -6 8 17 0 0 -14 22 -13 -14 19
Free Cash Flow 20 1 8 18 21 19 40 -11 45 101 70 50
CFO/OP 121% 72% 81% 113% 84% 73% 98% 70% 52% 96% 97% 32%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 35 50 72 49 43 42 64 54 67 61 44 48
Inventory Days 211 178 187 219 185 174 150 233 138 93 63 73
Days Payable 105 88 147 136 96 91 124 161 106 83 95 94
Cash Conversion Cycle 140 141 112 132 132 125 90 127 98 71 12 27
Working Capital Days 39 53 62 49 45 53 32 56 42 32 56 45
ROCE % 21% 21% 22% 25% 30% 33% 34% 27% 17% 10% 8% 11%

Insights

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Jun 2021 Jun 2022 Mar 2024 Dec 2025
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Number of Manufacturing Facilities
Number
Capacity Utilization (Glass-Lined Equipment)
%
Domestic Market Share (Glass-Lined Equipment - India)
%
Global Market Share (Glass-Lined Equipment)
%
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
38.74% 25.18% 25.18% 25.18% 25.18% 25.18% 25.18% 25.18% 25.18% 25.18% 25.18% 25.18%
18.84% 26.49% 22.58% 22.15% 22.20% 14.62% 19.67% 20.75% 21.03% 20.77% 17.73% 17.15%
10.75% 12.58% 13.10% 13.06% 14.51% 15.80% 14.45% 15.42% 15.74% 16.20% 16.30% 17.58%
31.67% 35.75% 39.12% 39.61% 38.11% 44.40% 40.71% 38.64% 38.04% 37.84% 40.79% 40.09%
No. of Shareholders 1,12,8951,17,4521,29,8181,30,3101,27,1941,20,9201,11,2601,07,1851,03,71598,59995,57496,506

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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