Gillanders Arbuthnot & Co. Ltd. (GILLANDERS) AI Stock Analysis

• Market Cap: ₹1.91B
• Dividend Yield: N/A
• Average Volume (3M): 1.51K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.61
• Revenue Growth: 18.45%
• EPS Growth: N/A
• Country: IN
• Employees: 7,058
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Conglomerates
• EPS (TTM): 2.13
• Shares Outstanding: 21,342,346
• 10 Day Avg. Volume: 1,711
• 30 Day Avg. Volume: 1,515
• PEG Ratio: -0.05
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.46
• P/FCF Ratio: -578.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹95.00 ▼(-6.45% Downside)
• Action: Reiterated Date: 11/01/25
• Date: Action: Reiterated 11/01/25

The overall stock score of 63 reflects a mixed financial performance with recent improvements in profitability but high leverage and historical volatility. The technical analysis suggests a cautious outlook with neutral momentum indicators. The stock's valuation appears attractive due to a low P/E ratio, but the lack of a dividend yield may limit its appeal.

Positive Factors

Return to profitability

Recovery to positive net income provides a sustainable earnings base, reducing dependency on one-time adjustments and external financing. If maintained, this strengthens internal capital generation, improves coverage metrics, and supports reinvestment or deleveraging over the medium term.

Stable operating cash flow

Relatively stable operating cash flow provides core liquidity to fund working capital, service debt, and support essential capex. That stability underpins resilience to cyclical shocks and gives management scope to prioritize deleveraging or targeted investments despite free cash flow volatility.

Improved return on equity

Improved ROE signals more effective asset and capital allocation by management, reflecting operational gains. Sustained higher ROE enhances ability to generate shareholder value, eases access to financing, and supports longer-term growth initiatives if margins and revenue trends stabilize.

Negative Factors

High leverage

A relatively high debt-to-equity ratio raises fixed interest obligations and reduces financial flexibility. Over time elevated leverage can constrain capital spending, limit strategic options, and increase vulnerability to rate hikes or revenue shocks unless cash generation and deleveraging improve.

Volatile revenue and margins

Erratic revenue growth and gross margin variability make forecasting and scaling difficult, lowering margin sustainability. This volatility increases execution risk for strategic plans, undermines investor confidence, and requires structural fixes to pricing, cost control, or product mix to secure durable profitability.

Negative and fluctuating free cash flow

Negative and inconsistent free cash flow limits the company's ability to self-fund growth, pay down debt, or return capital. Persistent FCF volatility raises reliance on external financing, increases borrowing costs, and amplifies liquidity risk during downturns, worsening leverage dynamics.

Gillanders Arbuthnot & Co. Ltd. Business Overview & Revenue Model

Company Description

Gillanders Arbuthnot and Company Limited engages in the textile, engineering, tea, and property businesses in India and internationally. The company's Textile segment manufactures and sells grey, melange, and dyed yarns in cotton, polyester, acrylic, viscose, modal, and their blends. Its Engineering segment engages in the design, detail engineering, manufacture, and supply of equipment, electrical, instrumentation, erection, commissioning, and performance tests in the field of building and technological structures, tankages, piping, blast furnaces, re-heating furnaces, industrial furnaces, cold rolling mills, continuous casting machines, gas holders, coke oven battery projects, raw material handling, etc. The company's Tea segment manufactures and sells tea. Its Property segment is involved in letting out commercial properties on rent; and provision of maintenance and up keeping of this property. Gillanders Arbuthnot and Company Limited was incorporated in 1935 and is headquartered in Kolkata, India.

How the Company Makes Money

GILLANDERS generates revenue through multiple streams, primarily by manufacturing and selling high-quality engineering components and equipment. The company earns income from the production of precision parts for various industries, which includes automotive, aerospace, and consumer goods. Additionally, GILLANDERS engages in trading activities, distributing agricultural machinery and equipment, which contributes to its overall revenue. The company may also have significant partnerships with other manufacturers and suppliers that enhance its market reach and product offerings, further solidifying its financial performance.

Gillanders Arbuthnot & Co. Ltd. Financial Statement Overview

Summary

Gillanders Arbuthnot & Co. Ltd. demonstrates a mixed financial performance, with recent improvements in profitability and cash flow stability. However, the high leverage and historical volatility in margins and growth rates pose potential risks. Strategic efforts to stabilize revenue growth and manage debt effectively could enhance overall financial health in the long term.

Income Statement

Gillanders Arbuthnot & Co. Ltd. has shown a volatile revenue growth trend over the past few years. Recent improvements in net income from negative to positive figures reflect a return to profitability. However, gross profit margins have been erratic, showing challenges in maintaining consistent operational efficiency. The net profit margin for the latest year indicates a recovery, but historical instability suggests potential risks.

Balance Sheet

The company's debt-to-equity ratio is relatively high, indicating significant leverage, which could pose risks in a volatile market. The return on equity has improved recently, reflecting better utilization of equity. However, the equity ratio has seen fluctuations, suggesting instability in asset management. The overall financial health shows potential for improvement with reduced leverage.

Cash Flow

Operating cash flow has been relatively stable, but free cash flow has experienced significant fluctuations. Recent negative free cash flow indicates potential challenges in maintaining liquidity. The cash flow to net income ratios suggest that cash generation has not consistently aligned with net income trends, posing potential risks for future cash sustainability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.47B	4.43B	3.63B	4.49B	4.01B	4.28B
Gross Profit	2.48B	2.42B	2.55B	1.90B	1.88B	506.98M
EBITDA	520.84M	256.99M	-195.44M	386.45M	443.24M	335.75M
Net Income	310.88M	267.21M	-486.22M	148.22M	163.40M	-156.25M
Balance Sheet
Total Assets	0.00	5.14B	4.77B	5.50B	5.97B	6.24B
Cash, Cash Equivalents and Short-Term Investments	6.11M	8.39M	23.91M	26.72M	20.74M	72.28M
Total Debt	0.00	1.39B	1.29B	1.45B	1.83B	2.15B
Total Liabilities	-2.45B	2.69B	2.59B	2.74B	3.27B	3.71B
Stockholders Equity	2.45B	2.45B	2.17B	2.77B	2.70B	2.53B
Cash Flow
Free Cash Flow	0.00	-3.55M	284.04M	373.49M	612.06M	627.70M
Operating Cash Flow	0.00	77.00M	327.18M	483.47M	685.95M	682.48M
Investing Cash Flow	0.00	-65.61M	-26.25M	109.21M	-18.20M	1.08B
Financing Cash Flow	0.00	-29.16M	-303.73M	-573.16M	-680.63M	-1.78B

Gillanders Arbuthnot & Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 101.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GILLANDERS, the sentiment is Negative. The current price of 101.55 is above the 20-day moving average (MA) of 92.33, above the 50-day MA of 96.50, and below the 200-day MA of 116.80, indicating a bearish trend. The MACD of -0.99 indicates Negative momentum. The RSI at 43.35 is Neutral, neither overbought nor oversold. The STOCH value of 41.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GILLANDERS.

Gillanders Arbuthnot & Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANOMAY	69 Neutral	₹3.96B	22.05	―	―	8.41%	8.81%
GILLANDERS	63 Neutral	₹1.91B	12.38	―	―	18.45%	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
MARALOVER	47 Neutral	₹1.88B	-18.29	―	―	-0.90%	-304.07%
ANIKINDS	46 Neutral	₹1.26B	74.64	―	―	86.09%	―