GCM Commodity & Derivatives
GCM Commodity & Derivatives
Financial ServicesKey Fundamentals
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Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.96 times its book value
- Market value of investments Rs.3.91 Cr. is more than the Market Cap Rs.3.16 Cr.
Weaknesses
4- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -16.7% over past five years.
- Company has a low return on equity of -32.3% over last 3 years.
- Company has high debtors of 50,461 days.
Growth Rate
Quarterly Results
| Particulars | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.09 | 0 | 0 | 0.05 | 0.1 | 0 | 0 | 0.83 | 2.14 | 0 | 0 | 0 | 0.04 |
| Expenses | 0.47 | 0.01 | 0.01 | 0.32 | 0.02 | -0.51 | 0.07 | 2.59 | 2.05 | 0.43 | 4.95 | 2.37 | 1.68 |
| Operating Profit | -0.38 | -0.01 | -0.01 | -0.27 | 0.08 | 0.51 | -0.07 | -1.76 | 0.09 | -0.43 | -4.95 | -2.37 | -1.64 |
| OPM % | -422.22% | — | — | -540% | 80% | — | — | -212.05% | 4.21% | — | — | — | -4100% |
| Other Income | 0.02 | 0.01 | 0.09 | 0.05 | 0.06 | 0.07 | 0.2 | 1.03 | -0.04 | 0.75 | 0.28 | 0.42 | 0.42 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 | 0.01 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | -0.36 | 0 | 0.08 | -0.22 | 0.14 | 0.58 | 0.13 | -0.73 | 0.05 | 0.32 | -4.71 | -1.96 | -1.22 |
| Tax % | 0% | — | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.21% | 0% | 0% |
| Net Profit | -0.36 | 0 | 0.08 | -0.22 | 0.13 | 0.57 | 0.13 | -0.73 | 0.05 | 0.31 | -4.72 | -1.96 | -1.22 |
| EPS in Rs | -0.48 | 0 | 0.11 | -0.3 | 0.18 | 0.77 | 0.18 | -0.98 | 0.07 | 0.42 | -6.36 | -2.64 | -1.64 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.51 | 0.62 | 0.52 | 1.8 | 0 | 0.12 | 0.1 | 0.26 | 0.27 | 3.96 | 1.03 | 0.04 |
| Expenses | 0.37 | 0.48 | 0.4 | 1.86 | 1.02 | 0.69 | 0.02 | 0.34 | -0.44 | 4.97 | 5.37 | 4.05 |
| Operating Profit | 0.14 | 0.14 | 0.12 | -0.06 | -1.02 | -0.57 | 0.08 | -0.08 | 0.71 | -1.01 | -4.34 | -4.01 |
| OPM % | 27.45% | 22.58% | 23.08% | -3.33% | — | -475% | 80% | -30.77% | 262.96% | -25.51% | -421.36% | -10025% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.84 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0 | 0 | 0.05 | 0.01 |
| Depreciation | 0.03 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.01 | 0 |
| PBT | 0.11 | 0.13 | 0.11 | -0.07 | -1.02 | -0.58 | 0.08 | -0.09 | 0.71 | -1.01 | -4.4 | -3.18 |
| Tax % | 18.18% | 30.77% | 27.27% | 0% | -0.98% | 0% | 0% | 0% | 0% | 0% | 0.23% | 0% |
| Net Profit | 0.09 | 0.09 | 0.08 | -0.07 | -1.01 | -0.58 | 0.08 | -0.09 | 0.7 | -1.01 | -4.41 | -3.18 |
| EPS in Rs | 0.12 | 0.12 | 0.11 | -0.09 | -1.36 | -0.78 | 0.11 | -0.12 | 0.94 | -1.36 | -5.94 | -4.28 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | 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 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 | 7.43 |
| Reserves | 9.1 | 9.19 | 8.46 | 8.01 | 7.25 | 6.61 | 6.73 | 6.83 | 7.56 | 4.22 | -1.56 | -4.15 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 11.34 | 11.33 | 11.51 | 11.56 | 11.23 | 11.13 | 11.12 | 12.53 | 15.45 | 3.6 | 12.79 | 14.77 |
| Total Liabilities | 27.87 | 27.95 | 27.4 | 27 | 25.91 | 25.17 | 25.28 | 26.79 | 30.44 | 15.25 | 18.66 | 18.05 |
| Fixed Assets | 3.74 | 3.73 | 3.72 | 3.71 | 3.71 | 3.7 | 3.7 | 0.01 | 0 | 0 | 0.01 | 0.01 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.99 | 1.82 | 1.01 | 4.28 | 3.82 | 2.37 | 3.48 | 2.37 | 0.79 | 2.37 | 3.91 | 2.79 |
| Other Assets | 23.14 | 22.4 | 22.67 | 19.01 | 18.38 | 19.1 | 18.1 | 24.41 | 29.65 | 12.88 | 14.74 | 15.25 |
| Total Assets | 27.87 | 27.95 | 27.4 | 27 | 25.91 | 25.17 | 25.28 | 26.79 | 30.44 | 15.25 | 18.66 | 18.05 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -0.25 | -0.82 | -1.56 | -1.82 | -0.47 | -1.5 | 0.95 | -5.01 | -1.74 | 1.69 | 2.75 | -0.07 |
| Investing | 0 | 0 | 1.66 | -3.27 | 0.5 | 1.37 | -0.96 | 5.1 | 1.87 | -1.23 | -2.37 | 1.56 |
| Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.02 | 0.02 |
| Net Cash Flow | -0.25 | -0.82 | 0.1 | -5.08 | 0.03 | -0.13 | -0.01 | 0.1 | 0.13 | 0.47 | 0.4 | 1.51 |
| Free Cash Flow | -0.25 | -0.82 | -1.56 | -1.82 | -0.47 | -1.5 | 0.95 | -5.02 | -1.74 | 1.69 | 2.74 | -0.07 |
| CFO/OP | -157 | -564 | -1,275 | 3,033 | 46 | 263 | 1,188 | 6,262 | -245 | -167 | -64 | 2 |
Ratios
| Particulars | 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 | 11,487 | 9,366 | 11,294 | 3,255 | — | 48,484 | 58,181 | 27,094 | 1,257 | 174 | 1,081 | 50,461 |
| Inventory Days | — | 2,636 | — | 110 | 256 | 78.21 | — | 14,874 | — | 73.53 | — | 1,528 |
| Days Payable | — | 0 | — | 125 | 0 | 0 | — | 0 | — | 0 | — | 0 |
| Cash Conversion Cycle | 11,487 | 12,002 | 11,294 | 3,239 | — | 48,562 | 58,181 | 41,968 | 1,257 | 248 | 1,081 | 51,990 |
| Working Capital Days | 4,194 | 3,509 | 4,155 | 1,472 | — | 23,938 | 25,185 | 16,425 | 18,926 | 788 | 294 | -21,444 |
| ROCE % | 0.67% | 0.78% | 0.68% | -0.45% | -6.77% | -3.97% | 0.57% | -0.63% | 4.85% | -7.58% | -49.66% | -69.37% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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55 extracted metrics + investor summaries across FY12–FY26.
Documents
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Company Information
Incorporated in 2005, GCM Commodity& Derivatives Ltd is engaged in the commodity broking and investment business. [1]
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