---
title: "GBL Industries Ltd (1270767) — Share Price, Financials & Analysis"
symbol: "1270767"
company: "GBL Industries Ltd"
canonical: "https://tapetide.com/stocks/1270767"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T18:26:56.762Z"
---

# GBL Industries Ltd (1270767)

Canonical page: https://tapetide.com/stocks/1270767

## Company

- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gujaratbitumen.com

## About

GBL Industries Ltd. The Company was engaged in the business of Asphalt and manufacture of all grades of Asphalt and its allied products.

## Latest Price

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.26 times its book value

### Weaknesses

- Company has a low return on equity of 0.68% over last 3 years.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 109% |
| revenue growth | -100% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 40.15 | 6.45 | 13.95 | 1.78 | 3.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 39.84 | 6 | 13.71 | 1.78 | 3.44 | 0.06 | 0.14 | 0.01 | -0.13 | 0.04 | 0 | 0.01 |
| Operating Profit | 0.31 | 0.45 | 0.24 | 0 | -0.41 | -0.06 | -0.14 | -0.01 | 0.13 | -0.04 | 0 | -0.01 |
| OPM % | 0.77 | 6.98 | 1.72 | 0 | -13.53 | — | — | — | — | — | — | — |
| Other Income | 0.18 | 0 | 0.18 | 0.18 | -0.17 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0.05 | 0 | 0 | 0 |
| Profit before tax | 0.16 | 0.44 | 0.41 | 0.17 | -0.59 | -0.06 | -0.14 | -0.01 | 0.08 | -0.04 | 0 | -0.01 |
| Tax % | 37.5 | 25 | 21.95 | 23.53 | -16.95 | 0 | 0 | 0 | -37.5 | 0 | — | 0 |
| Net Profit | 0.1 | 0.33 | 0.32 | 0.13 | -0.49 | -0.06 | -0.14 | -0.01 | 0.11 | -0.04 | 0 | -0.01 |
| EPS in Rs | 0.2 | 0.66 | 0.64 | 0.26 | -0.98 | -0.12 | -0.28 | -0.02 | 0.22 | -0.08 | 0 | -0.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0.11 | 0.09 | 0.01 | 1.55 | 16.87 | 25.21 | 0 | 0 |
| Expenses | 0.01 | 0 | 0.1 | 0.13 | 0.11 | 1.59 | 16.67 | 25.07 | 0.08 | -0.08 |
| Operating Profit | -0.01 | 0 | 0.01 | -0.04 | -0.1 | -0.04 | 0.2 | 0.14 | -0.08 | 0.08 |
| OPM % | — | — | 9.09 | -44.44 | -1000 | -2.58 | 1.19 | 0.56 | — | — |
| Other Income | 0.03 | 0.03 | 0.01 | 0.06 | 0.16 | 0.21 | 0.15 | 0.18 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0.12 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.03 | 0.04 | 0.05 | 0.05 |
| Profit before tax | 0.02 | 0.03 | 0.02 | 0.02 | 0.06 | 0.16 | 0.2 | 0.28 | -0.13 | 0.03 |
| Tax % | 0 | 33.33 | 50 | 50 | 33.33 | 31.25 | 35 | 3.57 | 0 | — |
| Net Profit | 0.01 | 0.02 | 0.01 | 0.01 | 0.04 | 0.11 | 0.13 | 0.28 | -0.14 | 0.06 |
| EPS in Rs | 0.1 | 0.2 | 0.02 | 0.02 | 0.08 | 0.22 | 0.26 | 0.56 | -0.28 | 0.12 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.98 | 1 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | -0.05 | -0.03 | -0.01 | 0 | 0.04 | 0.15 | 0.28 | 0.56 | 0.42 | 0.38 |
| Borrowings | 0 | 0 | 0 | 0.04 | 0.02 | 0.02 | 1.23 | 0.02 | 0.26 | 0.26 |
| Other Liabilities | 0.11 | 0.12 | 0.02 | 0.06 | 0.09 | 0.13 | 4.66 | 0.69 | 0.56 | 0.6 |
| Total Liabilities | 1.04 | 1.09 | 5.01 | 5.1 | 5.15 | 5.3 | 11.17 | 6.27 | 6.24 | 6.24 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0.25 | 0.42 | 0.6 | 0.55 | 0.55 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 2.21 | 0 | 0 | 0 |
| Other Assets | 1.04 | 1.09 | 5.01 | 5.1 | 5.15 | 4.95 | 8.54 | 5.67 | 5.69 | 5.69 |
| Total Assets | 1.04 | 1.09 | 5.01 | 5.1 | 5.15 | 5.3 | 11.17 | 6.27 | 6.24 | 6.24 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.21 | 0 | 0 | -3.87 | -0.02 | 0 | 0.97 | 0.28 | -0.38 | 0.02 |
| Cash from Investing Activity | 0.2 | 0 | 0 | 0 | -0.06 | 0.02 | -0.15 | -2.16 | 1.98 | 0 |
| Cash from Financing Activity | 0 | 0 | 0.02 | 3.93 | 0.04 | -0.02 | 0 | 1.09 | -1.41 | -0.19 |
| Net Cash Flow | -0.01 | 0 | 0.02 | 0.06 | -0.04 | 0 | 0.82 | -0.79 | 0.19 | -0.17 |
| Free Cash Flow | -0.21 | 0 | 0 | -3.87 | -0.02 | 0 | 0.61 | 0.18 | 1.6 | 0.02 |
| CFO/OP | 100 | 0 | — | -38700 | 25 | -20 | -2550 | 170 | -271 | -25 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | — | — | — | 66.36 | 121.67 | 1095 | 7.06 | 101.04 | 19.69 | — |
| Inventory Days | — | — | — | — | 0 | — | 0 | 0 | 0 | — |
| Cash Conversion Cycle | — | — | — | 66.36 | 121.67 | 1095 | 7.06 | 101.04 | 19.69 | — |
| Working Capital Days | — | — | — | 33.18 | -81.11 | -1825 | 4.71 | 5.41 | 14.04 | — |
| ROCE % | 0 | 2.16 | 3.16 | 0.67 | 0.4 | 1.19 | 3.13 | 5.48 | 1.99 | -2.31 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 18.45% | 12.3% | 12.3% | 2.81% | 2.81% | 2.81% |
| DIIs | 0% | 0% | 0% | 0% | 0.2% | 0.03% |
| Public | 81.55% | 87.7% | 87.7% | 97.19% | 97% | 97.17% |
| No. of Shareholders | 790 | 853 | 853 | 5777 | 5495 | 5107 |

### Quarterly

| Category | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 8.3% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.64% | 0.2% | 0.18% | 0.03% | 0.03% | 0.03% |
| Public | 91.7% | 97.19% | 97.19% | 97.19% | 97.19% | 97.19% | 96.56% | 97% | 97.01% | 97.17% | 97.17% | 97.17% |
| No. of Shareholders | 878 | 947 | 1022 | 5777 | 5922 | 5730 | 5641 | 5495 | 5366 | 5215 | 5107 | 5107 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 7 / 1 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 116.6 | Sell |
| EMA (10) | 147.95 | Sell |
| SMA (20) | 145.09 | Sell |
| EMA (20) | 359.91 | Sell |
| SMA (50) | 1157.95 | Sell |
| EMA (50) | 831.93 | Sell |
| SMA (100) | 1162.22 | Sell |
| EMA (100) | 1022.15 | Sell |
| SMA (200) | 1044.33 | Sell |
| EMA (200) | 1048.11 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 17.92 | Buy |
| MACD (12,26,9) | -312.55 | Buy |
| Stochastic (14,3,3) | 0.23 | Buy |
| ADX (14) | 52.73 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 62.17 | High Volatility |
| ROC (12) | -36.51 | Sell |
| Stoch RSI (14) | 17.28 | Buy |
| UO (7,14,28) | 11.44 | Buy |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539009/68170539009_28_12_20.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539009/5390090319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539009/5390090318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539009/5390090317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539009/5390090316.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:56.762Z.