BSE: 513337
GUJARAT TOOLROOM LTD.
Operates across four reported segments: Construction Material, Rough Diamonds & Gold, Agricultural Products, and an Others basket covering items like fabrics, shares trading and pharma. Rough Diamonds & Gold is run through a wholly-owned Dubai subsidiary called GTL Gems DMCC, which drove consolidated revenue of Rs 88,963.31 lakhs in FY26. Standalone revenue for FY26 was Rs 22.5851 crore. The standalone business has shrunk sharply during the year - Construction Material (Rs 29.42 crore on the FY25 segment table) and Rough Diamonds & Gold (Rs 60.38 crore on the FY25 segment table) both reported zero in FY26. Agricultural Products was the only active standalone segment in H1 FY26 (Rs 14.51 crore in Q1, Rs 8.08 crore in Q2) before standalone revenue fell to NIL in Q3 FY26. The standalone cost book is dominated by other operating expenses at 45.1% of FY26 revenue; employee cost is 1%, depreciation 1.3% and materials 0%. Total assets on the balance sheet are Rs 1,082.44 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Construction Material, Rough Diamonds & Gold, Agricultural Products, Others. Small, transitioning standalone business with a Dubai-based diamond-trading subsidiary
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 555 | 890 | 23 |
| EBITDA (ex other income) | 76 | 56 | (5) |
| margin % | 13.6 | 6.3 | (23.6) |
| Owners' profit | 0 | 0 | 0 |
| EPS, as reported (₹) | 13.16 | 4.96 | 0.70 |
| ROE % · ROCE % | 91.9 · 97.9 | 16.9 · 18.1 | 2.4 · 1.2 |
| Debt / equity (x) | 0.00 | 0.21 | 0.20 |
| Cash from operations | 10 | (255) | 128 |
| Capex | (1) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 264 | 271 | 231 | 120 | 15 | 8 | 0 | 0 |
| Profit before tax | 24 | 29 | 2 | 2 | 5 | (0) | 7 | 4 |
| Net profit | — | 27 | — | 1 | 4 | (0) | 7 | 5 |
| EPS (₹) | 4.09 | 4.82 | 0.08 | 0.09 | 0.04 | 0.04 | 0.87 | 0.29 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SUPREME INDUSTRIES LTD | 41,024 | 39.5 | 6.65 | 25.3 | 15.5 | 17.9 | 12.0 | 15.0 |
| ASTRAL LIMITED | 36,600 | 63.5 | 9.02 | 33.0 | 13.2 | 16.9 | 15.6 | 15.5 |
| GARWARE HI-TECH FILMS LTD | 16,621 | 42.9 | 6.26 | 33.0 | 12.7 | 16.4 | 16.5 | 30.3 |
| KINGFA SCI & TEC IND LTD. | 9,296 | 41.2 | 6.64 | — | 13.2 | 17.7 | — | 16.9 |
| FINOLEX INDUSTRIES LTD | 8,740 | 14.2 | 1.41 | 10.3 | 9.6 | 11.8 | 3.5 | 20.6 |
| TIME TECHNOPLAST LTD. | 8,001 | 15.7 | 1.92 | 9.0 | 11.4 | 14.0 | 15.2 | 13.3 |
| PRINCE PIPES FITTINGS LTD | 2,861 | 28.0 | 1.74 | — | 4.5 | 5.6 | — | 13.3 |
| APOLLO PIPES LIMITED | 2,122 | — | 2.38 | 28.1 | 0.5 | 1.0 | — | 1.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.3 | 14.4 | 1 of 46 | 100% |
| P/B | 0.1 | 1.6 | 1 of 42 | 100% |
| ROCE | 1.2 | 7.0 | 40 of 56 | 29% |
| ROE | 2.4 | 7.6 | 31 of 45 | 32% |
| Debt / Equity | 0.2 | 0.2 | 24 of 45 | 48% |
| Revenue growth | (100.0) | 10.6 | 47 of 49 | 0% |
| Profit growth | 238.0 | 20.7 | 10 of 47 | 80% |
| Market cap | 43 | 126 | 39 of 55 | 30% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · NCLT starts insolvency process for Gujarat Toolroom | regulatory legal | critical | — | — |
| 21 Oct 2026 · NCLT admits insolvency petition, CIRP initiated against Gujarat Toolroom | regulatory legal | critical | — | — |
| 23 Sept 2026 · Trading Window Closure for Q2 FY26 Results Period | compliance | minimal | — | — |
| 16 Jul 2026 · RTA files Regulation 74(5) compliance certificate for Q1 FY27 | compliance | minimal | — | — |
| 23 Jun 2026 · Trading Window Closure Ahead of Q1 FY27 Results | compliance | minimal | — | — |
| 5 Jun 2026 · Intimation for Resignation of Ms. Rakha Rani Naraniwal from the Post of Independent Director of the Company w.e.f. 05th June 2026 | management changes | medium | — | — |
| 30 May 2026 · Newspaper Publication for the Audited Standalone and Consolidated Financial Results for 31st March 2026 | compliance | minimal | — | — |
| 30 May 2026 · Submission of Annual Secretarial Compliance Report for 31st March 2026 | compliance | minimal | — | — |
| 29 May 2026 · Audited Standalone and Consolidated Financial Results for 31st March 2026 | results | high | — | — |
| 29 May 2026 · Outcome of Board meeting held on 29th May 2026 | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.