GDL Leasing (530855)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Piotroski F-Score of 7/9 points to reasonably solid recent financial health despite weak profitability.
• Book value of ₹6.85 is close to the current price of ₹8.33, giving a P/B of 1.22 and some theoretical downside support.
• ROCE of 11.58% suggests operating capital is being used better than the shareholder-level ROE of 0.28% implies.

Concerns

• P/E of 58.57 is exorbitant for a company earning ₹0 Cr net profit in the latest quarter with ROE of just 0.28%.
• Sales and profit growth are both 0.00%, and there is no dividend, so there is no earnings momentum or cash return to owners.
• The 52-week fall from ₹169.80 to ₹8.33 signals a severe loss of market confidence and possible speculative collapse.
• Debt/equity and promoter holding data are unavailable, leaving leverage and governance risks unknown for a small NBFC.

AI Analysis

Let me begin with the obvious: this is not the sort of business I would normally spend five minutes on. GDL Leasing is a tiny NBFC with a market cap of just ₹53 Cr, quarterly sales of ₹1 Cr, and net profit of ₹0 Cr. The trailing P/E of 58.57 tells me that even after a brutal fall from ₹169.80 to ₹8.33, the market is still paying a rich multiple for negligible earnings. ROE of 0.28% means the company earns almost nothing on shareholders' equity of ₹6.85 per share. A business that cannot generate return on retained capital will never compound value for owners. The zero dividend and zero growth confirm owner earnings are absent. Book value ₹6.85 gives some support, and P/B of 1.22 at ₹8.33 is not demanding on the surface, but paying a 22% premium to book for an asset with ROE of 0.28% is no margin of safety—it is a promise of continued value destruction. The ROCE of 11.58% is the one encouraging number, but without sales growth or profit growth, it has not converted into shareholder returns. The Piotroski F-Score of 7/9 suggests the recent financial structure is not deteriorating, but I do not invest based on seven checklist points when the fundamental engine is absent. Debt/equity is not available, and promoter holding is not available—both are unacceptable gaps in a micro-cap where governance matters more than anywhere. The 52-week range is deeply alarming: almost a 95% collapse. It may bounce, but a price collapse caused by fundamentals is not an opportunity; it is a warning. There is no identifiable moat in small leasing. I would and must pass.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer