- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹583 Cr1,830th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Aug 2026
- 9.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 0.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Aug 2026
- 2.4%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Aug 2026
- 0.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 73,05544.3% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 10 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1.03 Crup 15.56%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹7.44 Crdown 70.90%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 718.8%
Revenue by year
Net profit by year, a loss in red
- Net profit
- Loss
Back to profit in the year to Mar 2026, ₹45 CrA loss in 5 of the 10 years shown
The years either side of a change of basis do not compare. From the year to Mar 2020, part of the business was demerged on 6 Aug 2019, and figures before the change include the part that left. From the year to Mar 2021, the company's revenue for that year, ₹107 Cr, differs from its quarters added, ₹378 Cr; the company reports the part of the business demerged on 26 Mar 2021 as discontinued, and figures before the change include it. From the year to Mar 2023, the company's revenue for that year, ₹3.22 Cr, differs from its quarters added, ₹1,475 Cr.
| ₹ crore | Sep 2024Filed 18 Dec | Dec 2024Filed 21 Mar | Mar 2025Filed 30 May | Jun 2025Filed 13 Aug | Sep 2025Filed 1 Dec | Dec 2025Filed 12 Feb | Mar 2026Filed 29 May | Jun 2026Filed 10 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 1.0 |
| Net profit | −35.3 | 4.6 | −18.3 | −8.2 | 14.6 | 13.0 | 25.6 | 7.4 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | −4,151.7% | 556.1% | −2,189.7% | −885.2% | 1,590.1% | 1,376.1% | 2,854.9% | 718.8% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Others, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the years to Mar 2020, Mar 2021 and Mar 2023: days before it are of the company before the change.PE ratio and valuation history
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 8% of 1,826 trading days since Nov 2018.
LowestHighest
Its median0.4Industry median1.7
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.380.6
At or below today's level on 69% of 1,075 trading days over the last 5 years.
LowestHighest
Its median295.5Industry median9.1
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 66% of 2,469 trading days over the last 10 years.
LowestHighest
Its median0.00%Industry median2.17%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −26.5% | – | – | 0.0% |
| 3 years | −7.6% | −72.8% | +239.5% | 0.0% |
| 5 years | −12.4% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.
Peers and competitors
Holding Company, 15 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to GFL in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 BF InvestmentBFINVEST | 1,446 | 3.7 | 0.2 | 13.3 | +22.7% | +398.7% | 5.0% | 0.8% | 2.60% |
 Balmer Lawrie InvestmentsBLIL | 1,385 | 7.7 | 1.0 | 2.2 | +8.8% | +2.4% | 12.7% | 12.7% | 6.89% |
 Abans Financial ServicesAFSL | 1,029 | 8.0 | 0.8 | 5.6 | +427.8% | +17.1% | 11.0% | 9.7% | 0.00% |
 Max IndiaMAXIND | 840 | – | – | – | +37.2% | – | −34.5% | −33.8% | 0.00% |
 Nisus Finance Services CoNISUS | 365 | 5.6 | 1.4 | – | – | – | 30.8% | – | 0.00% |
 Tamboli IndustriesTAMBOLIIN | 303 | 28.5 | 2.5 | 16.2 | +14.9% | +39.9% | 9.0% | 10.6% | 0.39% |
 Alan Scott EnterprisesALANSCOTT | 198 | – | – | – | +4.6% | – | – | −20.9% | 0.00% |
 Bil VyaparBILVYAPAR | 12 | 28.9 | – | – | – | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.Highest ₹3.50 a share, years to Mar 2017, Mar 2018 and Mar 2019.
| Ex-date | Type | Per share |
|---|---|---|
| 11 Sep 2019 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.50 |
| 23 Aug 2018 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.50 |
| 14 Sep 2017 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.50 |
| 17 Mar 2016 | Interim | ₹3.50 |
| 21 Sep 2015 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.50 |
| 1 Sep 2014 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹3.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
Sep 2026
Aug 2026
GFL share price by year
Each calendar year to 2025.GFL share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 58.76 | −32.4% | 90.32 | 51.10 |
| 2024 | 86.97 | −10.5% | 119.34 | 66.65 |
| 2023 | 97.20 | +47.7% | 108.95 | 47.60 |
| 2022 | 65.80 | −9.2% | 86.50 | 59.55 |
| 2021Demerger | 72.50 | −19.4% | 108.35 | 62.15 |
| 2020 | 89.95 | +4.8% | 155.75 | 70.85 |
| 2019Demerger | 85.85 | −90.6% | 1,117.95 | 40.80 |
| 2018 | 908.85 | −0.3% | 927.75 | 734.35 |
| 2017 | 911.30 | +95.9% | 929.80 | 467.75 |
| 2016 | 465.15 | −14.2% | 640.65 | 412.25 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. With the demerger of 26 Mar 2021 reinvested, the change in 2021 is +2.7%. With the demerger of 6 Aug 2019 reinvested, the change in 2019 is −17.6%.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 55.00 | 55.00 | 52.11 | 53.04 | 53.13 | 73,055 | 44.3% |
| 22 Oct 2026 | 56.00 | 56.00 | 54.21 | 54.58 | 54.87 | 49,026 | 75.5% |
| 21 Oct 2026 | 59.00 | 59.00 | 54.71 | 55.21 | 56.62 | 79,996 | 51.1% |
| 19 Oct 2026 | 60.30 | 61.32 | 57.10 | 57.90 | 59.54 | 86,194 | 49.2% |
| 16 Oct 2026 | 59.40 | 62.80 | 57.50 | 61.32 | 60.55 | 2,06,472 | 52.9% |
| 15 Oct 2026 | 59.00 | 59.79 | 57.55 | 58.79 | 58.77 | 42,283 | 51.4% |
| 14 Oct 2026 | 59.39 | 60.70 | 57.91 | 59.00 | 59.38 | 1,10,144 | 56.1% |
| 13 Oct 2026 | 57.00 | 59.00 | 55.51 | 58.25 | 57.23 | 59,817 | 49.0% |
| 12 Oct 2026 | 56.90 | 56.99 | 55.66 | 56.36 | 56.42 | 45,444 | 55.8% |
| 9 Oct 2026 | 54.50 | 56.53 | 54.50 | 55.60 | 55.62 | 43,711 | 44.7% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 26 Mar 2021 | Demerger | 0.7845 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 6 Aug 2019 | Demerger | 0.1147 | Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested. |
| 1 Feb 2008 | Split | 0.5000 | Each share became 2. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- Legal name
- GFL Limited
- NSE symbol
- GFLLIMITED
- BSE code
- 500173
- ISIN
- INE538A01037
- Industry
- Finance
- Listed
- Jan 1989 on BSE, May 1995 on NSE
- Face value
- ₹1
- Former symbols
- GUJFLUORO
- CIN
- L65100MH1987PLC374824
- Corporate identity number, the registrar of companies' code for it