---
title: "Gujarat NRE Coke Ltd (GUJNRECOKE) — Share Price, Financials & Analysis"
symbol: "GUJNRECOKE"
company: "Gujarat NRE Coke Ltd"
canonical: "https://tapetide.com/stocks/GUJNRECOKE"
sector: "Energy"
industry: "Consumable Fuels"
generated_at: "2026-09-13T18:50:25.034Z"
---

# Gujarat NRE Coke Ltd (GUJNRECOKE)

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

## Company

- **Sector:** Energy
- **Industry:** Consumable Fuels
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gujaratnre.com

## About

Gujarat NRE Coke Limited is an India-based company, which is engaged in coal and coke, and steel/thermo mechanically treated (TMT) bars.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 142 to 31.5 days.

### Weaknesses

- Stock is trading at 8.29 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -18.2% over past five years.
- Company has a low return on equity of -59.6% over last 3 years.
- Contingent liabilities of Rs.2,814 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 37% | -12% | — |
| revenue growth | 13% | -19% | -18% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 242 | 239 | 142 | 109 | 67 | 124 | 169 | 143 | 93 | 133 | 199 | 142 |
| Expenses | 309 | 288 | 453 | 587 | 70 | 123 | 185 | 351 | 112 | 137 | 196 | 150 |
| Operating Profit | -67 | -49 | -311 | -478 | -4 | 1 | -16 | -209 | -18 | -4 | 3 | -8 |
| OPM % | -28 | -21 | -220 | -438 | -5 | 0.6 | -9 | -146 | -20 | -3 | 1.5 | -5 |
| Other Income | 72 | 0 | -22 | 16 | 1 | 0 | 0 | 4 | 0 | 0 | 0 | 0 |
| Interest | 80 | 70 | 86 | 58 | 91 | 96 | 96 | 111 | 86 | 88 | 87 | 83 |
| Depreciation | 15 | 15 | 15 | 20 | 15 | 15 | 15 | 15 | 14 | 14 | 14 | 14 |
| Profit before tax | -89 | -134 | -435 | -539 | -109 | -110 | -127 | -330 | -119 | -106 | -98 | -104 |
| Tax % | -32 | -32 | -31 | -32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -61 | -90 | -301 | -367 | -109 | -110 | -127 | -330 | -119 | -106 | -98 | -104 |
| EPS in Rs | -0.88 | -1.31 | -3.12 | -2.93 | -0.68 | -0.69 | -0.79 | -2.06 | -0.74 | -0.66 | -0.61 | -0.65 |

### Profit & Loss

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

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1523 | 1402 | 1595 | 1372 | 1713 | 932 | 379 | 731 | 502 | 567 |
| Expenses | 1155 | 1217 | 1340 | 1069 | 1336 | 1644 | 520 | 1636 | 729 | 594 |
| Operating Profit | 367 | 185 | 255 | 303 | 377 | -712 | -141 | -905 | -227 | -27 |
| OPM % | 24 | 13 | 16 | 22 | 22 | -76 | -37 | -124 | -45 | -4.7 |
| Other Income | -101 | 83 | 81 | -32 | -9 | 270 | 60 | 54 | 5 | 0 |
| Interest | 88 | 147 | 161 | 209 | 263 | 331 | 318 | 294 | 394 | 343 |
| Depreciation | 39 | 46 | 50 | 57 | 58 | 61 | 62 | 65 | 60 | 57 |
| Profit before tax | 138 | 74 | 124 | 6 | 46 | -834 | -461 | -1209 | -676 | -427 |
| Tax % | 22 | 30 | 18 | 44 | 33 | -33 | -30 | -32 | 0 | — |
| Net Profit | 107 | 52 | 103 | 3 | 31 | -561 | -322 | -819 | -676 | -427 |
| EPS in Rs | 2.07 | 0.95 | 2.02 | 0.06 | 0.54 | -9.76 | -4.66 | -6.55 | -4.21 | -2.66 |
| Dividend Payout % | 44 | 96 | 54 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 337 | 472 | 498 | 558 | 577 | 622 | 627 | 742 | 1608 | 1657 |
| Reserves | 810 | 711 | 866 | 987 | 1014 | 1098 | 573 | 284 | -517 | -1215 |
| Borrowings | 633 | 1329 | 1446 | 1485 | 1449 | 2118 | 2726 | 3011 | 2876 | 3082 |
| Other Liabilities | 531 | 961 | 886 | 904 | 1480 | 1192 | 493 | 517 | 407 | 625 |
| Total Liabilities | 2311 | 3472 | 3696 | 3935 | 4521 | 5030 | 4419 | 4554 | 4374 | 4149 |
| Fixed Assets | 531 | 827 | 850 | 943 | 925 | 900 | 899 | 849 | 974 | 915 |
| CWIP | 89 | 118 | 143 | 124 | 171 | 204 | 183 | 204 | 212 | 233 |
| Investments | 657 | 807 | 733 | 748 | 743 | 818 | 920 | 882 | 1430 | 1431 |
| Other Assets | 1034 | 1721 | 1969 | 2119 | 2681 | 3107 | 2417 | 2619 | 1758 | 1570 |
| Total Assets | 2311 | 3472 | 3696 | 3935 | 4521 | 5030 | 4419 | 4554 | 4374 | 4149 |

### Cash Flow

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 64 | -116 | -149 | -49 | 120 | -149 | -483 | -65 | 54 | -114 |
| Cash from Investing Activity | -253 | -501 | 53 | -70 | -46 | -103 | 55 | -27 | -10 | -21 |
| Cash from Financing Activity | 340 | 517 | 122 | 59 | -90 | 282 | 362 | 66 | -42 | 136 |
| Net Cash Flow | 151 | -100 | 26 | -59 | -15 | 30 | -66 | -27 | 3 | 1 |
| Free Cash Flow | -158 | -481 | -244 | -188 | 42 | -216 | -516 | -100 | 38 | -136 |
| CFO/OP | 46 | -22 | -76 | -12 | 44 | -42 | 67 | 47 | -6 | 50 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 103 | 63 | 115 | 36 | 56 | 120 | 187 | 347 | 47 | 32 |
| Inventory Days | 163 | 365 | 292 | 340 | 687 | 566 | 242 | 1220 | 81 | 136 |
| Days Payable | 123 | 249 | 187 | 140 | 342 | 245 | 52 | 364 | 39 | 104 |
| Cash Conversion Cycle | 143 | 179 | 220 | 236 | 401 | 441 | 377 | 1203 | 88 | 64 |
| Working Capital Days | 157 | 185 | 281 | 61 | 89 | 118 | 373 | 867 | -197 | -861 |
| ROCE % | 15 | 16 | 8 | 7 | 9 | 10 | -12 | -3 | -22 | -8 |

## Shareholding Pattern

### annual

| Category | Feb 2016 | Mar 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- |
| Promoters | 25.6% | 25.36% | 25.36% | 25.36% |
| FIIs | 0% | 1.24% | 1.37% | 1.37% |
| DIIs | 44.4% | 35.78% | 35.32% | 35.32% |
| Public | 30% | 37.62% | 37.95% | 37.95% |
| No. of Shareholders | 189861 | 183631 | 183076 | 184012 |

### Quarterly

| Category | Feb 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 25.6% | 27.66% | 27.66% | 27.39% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% | 25.36% |
| FIIs | 0% | 0.06% | 0.06% | 0.06% | 1.24% | 2.49% | 2.49% | 2.49% | 1.37% | 1.37% |
| DIIs | 44.4% | 37.16% | 37.14% | 36.75% | 35.78% | 34.08% | 33.53% | 33.45% | 35.32% | 35.32% |
| Public | 30% | 35.13% | 35.14% | 35.79% | 37.62% | 38.07% | 38.62% | 38.7% | 37.95% | 37.95% |
| No. of Shareholders | 189861 | 188087 | 185464 | 184891 | 183631 | 180517 | 179635 | 177715 | 183076 | 184012 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 3 / 7

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 105.17 | Buy |
| EMA (10) | 108.3 | Buy |
| SMA (20) | 106.88 | Buy |
| EMA (20) | 108.52 | Buy |
| SMA (50) | 112.94 | Buy |
| EMA (50) | 112.66 | Buy |
| SMA (100) | 119.97 | Sell |
| EMA (100) | 117.98 | Sell |
| SMA (200) | 124.56 | Sell |
| EMA (200) | 123.09 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.65 | Neutral |
| MACD (12,26,9) | -1.26 | Buy |
| Stochastic (14,3,3) | 84.26 | Sell |
| ADX (14) | 28.64 | Buy |
| Williams %R (14) | -0.6 | Sell |
| ATR (14) | 5.55 | High Volatility |
| ROC (12) | 10.12 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 60.22 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 24 Aug 2020 - Update in the matter of Liquidation proceedings of the Company | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 24 Aug 2020 - Update in the matter of Liquidation proceedings of the Company](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8dd9cc8d-23cb-49db-8cf1-3f7621752e0a.pdf) |
| 24 Aug 2020 - Update in the matter of Liquidation proceedings of the Company | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 24 Aug 2020 - Update in the matter of Liquidation proceedings of the Company](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8dd9cc8d-23cb-49db-8cf1-3f7621752e0a.pdf) |
| 16 Mar 2021 - Order of Hon''ble Supreme Court dated 15th March 2021 in the matter of proposition of the scheme of compromise or arrangement u/s 230 of the … | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Mar 2021 - Order of Hon''ble Supreme Court dated 15th March 2021 in the matter of proposition of the scheme of compromise or arrangement u/s 230 of the …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3867c480-eda5-40dd-8cea-e69aa6ae72a8.pdf) |
| 16 Mar 2021 - Final Order of Hon''ble Supreme Court dated 15th March 2021 in the matter of proposition of the scheme of compromise or arrangement u/s 230 of … | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Mar 2021 - Final Order of Hon''ble Supreme Court dated 15th March 2021 in the matter of proposition of the scheme of compromise or arrangement u/s 230 of …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3867c480-eda5-40dd-8cea-e69aa6ae72a8.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 24 Feb 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=65ecdbfd-b3c4-443f-8a07-9226f5bedaaa.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 24 Feb 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/65ecdbfd-b3c4-443f-8a07-9226f5bedaaa.pdf) |
| — | [Public Announcement Relating To NCLT Convened Meeting 22 Jan 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=60b68cce-24dc-44c4-a632-3496d4f4649d.pdf) |
| — | [Public Announcement Relating To NCLT Convened Meeting 22 Jan 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/60b68cce-24dc-44c4-a632-3496d4f4649d.pdf) |
| — | [Notice Of NCLT Convened Meeting 21 Jan 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=af18e0d0-a4a0-4330-b3e6-e1a03f3e9a6c.pdf) |
| — | [Notice Of NCLT Convened Meeting 21 Jan 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/af18e0d0-a4a0-4330-b3e6-e1a03f3e9a6c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1515_GUJNRECOKE_2012_2013_05092013171808.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_GUJNRECOKE_2011_2012_14092012082303.zip) |
| from nse | [Annual Report 2011 from nse](https://archives.nseindia.com/annual_reports/AR_GUJNRECOKE_2010_2011_08092011121717.zip) |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_GUJNRECOKE_2009_2010_18082010121500.zip) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/512579/5125790317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/512579/5125790316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/512579/5125790315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/512579/5125790314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/512579/5125790313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/512579/5125790312.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 2026-09-13T18:50:25.034Z.