Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹59 Cr.
Stock P/E
188.2
P/B
0.4
Current Price
₹1.3
Book Value
₹ 3
Face Value
1
52W High
₹2.4
52W Low
₹ 1.1
Dividend Yield
0%

Gemstone Investments Overview

Business

Gemstone Investments Ltd. operates as a Non-Banking Financial Company (NBFC) in India. Its core business model revolves around providing various financial services without holding a banking license. This typically involves extending credit in the form of loans (e.g., retail loans, corporate loans, asset finance, project finance), engaging in investment activities, and potentially offering other financial products like wealth management or advisory services. The company primarily makes money through the interest income generated from its lending activities, net interest margin (difference between interest earned on loans and interest paid on borrowings), and potentially through fee-based services or gains from its investment portfolio.

Revenue Mix

Without specific company data, the exact key segments and revenue mix for Gemstone Investments Ltd. are unknown. However, typical NBFC segments in India can include:

Retail Lending: Personal loans, small business loans, vehicle finance, gold loans, housing loans.

Wholesale/Corporate Lending: Loans to small and medium enterprises (SMEs) or larger corporates, project finance, structured finance.

Asset Finance: Financing for equipment, construction machinery, commercial vehicles.

Capital Market Financing: Loans against shares, margin funding.

The revenue mix would be a combination of interest income from these various loan portfolios and potentially fee income or investment gains.

Industry

The Indian NBFC sector is diverse, highly regulated by the RBI, and a crucial component of the country's financial system, often catering to segments underserved by traditional banks. The industry includes large, diversified players, as well as niche and specialized NBFCs. Competition is intense, not only among NBFCs themselves but also with public and private sector banks. Gemstone Investments Ltd.'s specific positioning within this landscape (e.g., market share, niche focus, geographical reach) is not provided, but it would be operating in an environment characterized by strong demand for credit but also significant regulatory scrutiny and capital requirements.

MOAT

Without specific information, it is difficult to ascertain Gemstone Investments Ltd.'s durable competitive advantages. Potential moats for an NBFC could include:

Niche Specialization: Deep expertise and strong market position in a particular lending segment (e.g., microfinance, specific asset class).

Efficient Underwriting & Risk Management: Superior ability to assess credit risk and manage non-performing assets, leading to better asset quality.

Distribution Network: Extensive physical presence or strong digital platform reaching underserved customer segments.

Low-Cost Funding: Ability to access diversified and stable funding sources at competitive rates.

Brand Reputation: Trust and brand recall, especially in retail segments.

Technology & Digital Adoption: Leveraging technology for faster processing, better customer experience, and operational efficiency.

Growth Drivers

Key factors that could drive growth for Gemstone Investments Ltd. over the next 3-5 years include:

Economic Growth: India's sustained economic expansion typically translates to increased credit demand across various sectors.

Under-penetration of Credit: Significant sections of the Indian population and businesses still lack adequate access to formal credit, providing growth opportunities.

Financial Inclusion Initiatives: Government and regulatory pushes for broader financial inclusion can create new customer segments.

Digitalization: Adoption of digital lending platforms and processes can enhance reach, efficiency, and customer acquisition.

Diversification: Successful expansion into new, high-growth lending segments or geographies.

Regulatory Support: Favorable policy environment for NBFCs in specific areas can unlock growth.

Risks

Gemstone Investments Ltd. faces several inherent risks common to the NBFC sector:

Credit Risk: Risk of borrowers defaulting on loans, leading to higher non-performing assets (NPAs) and provisions.

Interest Rate Risk: Fluctuations in interest rates can impact net interest margins, especially if funding costs rise faster than lending rates.

Liquidity Risk: Difficulty in raising funds at reasonable rates or meeting short-term obligations, often exacerbated by market sentiment.

Regulatory Risk: Changes in RBI regulations (e.g., capital adequacy norms, NPA recognition, lending limits) can significantly impact business operations and profitability.

Competition: Intense competition from banks and other NBFCs can put pressure on lending rates and margins.

Economic Downturns: A slowdown in the broader economy can lead to reduced credit demand and increased defaults.

Asset-Liability Mismatch (ALM): Mismatches in the tenure of assets (loans) and liabilities (borrowings) can pose significant risks during periods of stress.

Management & Ownership

Specific details about the promoters, management quality, and ownership structure of Gemstone Investments Ltd. are not provided. In India, many NBFCs are promoter-driven, where the founding family or group holds a significant stake and influences strategic decisions. Management quality would depend on their experience, risk management capabilities, corporate governance practices, and ability to navigate regulatory complexities and market cycles. The ownership structure could range from closely held to publicly listed with institutional and retail investors.

Outlook

The outlook for Gemstone Investments Ltd. as an Indian NBFC is a blend of opportunities and challenges. The strong underlying demand for credit in India, coupled with ongoing financial inclusion initiatives and a growing economy, provides a fertile ground for expansion. NBFCs often possess greater agility and specialized knowledge to serve specific niches that banks may overlook. However, the company operates in a highly competitive and regulated environment, facing constant pressure on asset quality, funding costs, and regulatory compliance. Sustained growth and profitability will depend critically on its ability to maintain robust risk management practices, diversify its funding sources, effectively leverage technology, and adapt to evolving regulatory landscapes, all while managing credit cycles and economic volatility.

Gemstone Investments Share Price

Live · BSE · Inception: 1994
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Gemstone Investments Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 1 1 0 0 0 0 0 1 1 2
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 1 1 0 0 0 0 0 1 1 2
Total Expenditure 1 0 0 0 0 0 0 1 0 0
Operating Profit -1 0 0 -0 0 0 0 -0 1 1
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -1 0 0 -0 0 0 0 -0 1 1
Provision for Tax -0 0 0 0 0 0 0 0 0 0
Profit After Tax -1 0 0 -0 0 0 0 -0 0 1
Adjustments 0 0 0 0 0 -0 -0 0 -0 0
Profit After Adjustments -1 0 0 -0 0 0 0 -0 0 1
Adjusted Earnings Per Share -0.1 0 0 -0 0 0 0 -0 0.1 0

Gemstone Investments Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 2 2 2 2 2 2 2 1 1 2 1 4
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 2 2 2 2 2 2 2 1 1 2 1 4
Total Expenditure 2 2 1 1 1 1 1 1 1 2 1 1
Operating Profit 1 1 1 1 1 1 1 0 0 1 0 2
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 1 1 1 1 1 0 0 0 0 2
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 0 1 1 0 0 0 0 0 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 1 1 0 0 0 0 0 1
Adjusted Earnings Per Share 0.1 0 0.1 0.1 0.1 0.1 0.1 0 0 0 0 0.1

Gemstone Investments Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 22 22 23 23 24 23 24 24 24 24 25
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 0 1 3 0 0 0 0 0 0 0
Other Non-Current Liabilities -0 0 0 0 0 0 0 0 -0 -0 -0
Total Current Liabilities 1 1 1 1 2 1 1 1 1 0 1
Total Liabilities 25 23 24 27 26 24 25 25 25 25 25
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 3 2 4 6 3 1 0 0 0 0 0
Total Current Assets 22 21 20 21 23 23 25 25 25 25 25
Total Assets 25 23 24 27 26 24 25 25 25 25 25

Gemstone Investments Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 1 0 0 2
Cash Flow from Operating Activities -4 0 0 -3 1 1 1 -1 -0 1 -0
Cash Flow from Investing Activities 3 0 -0 0 1 0 0 0 -0 0 -0
Cash Flow from Financing Activities 1 -0 0 2 -2 -1 -0 -0 -0 -0 -0
Net Cash Inflow / Outflow 0 -0 0 -0 -0 0 1 -1 -0 1 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 1 0 0 2 1

Gemstone Investments Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.06 0.04 0.07 0.05 0.11 0.1 0.05 0.03 0.03 0.05 0.04
CEPS(Rs) 0.06 0.04 0.07 0.06 0.12 0.11 0.06 0.03 0.03 0.05 0.04
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 2.94 2.98 3.06 3.12 3.23 3.11 3.16 3.19 3.22 3.26 3.31
Core EBITDA Margin(%) 32.15 25.82 39.38 37.66 60.45 54.9 28.73 42.78 23.38 23.77 37.72
EBIT Margin(%) 31.61 25.37 36.66 35.34 58.04 52.35 26.3 39.58 22.33 23.62 37.56
Pre Tax Margin(%) 26.61 22.58 36.12 28.45 48.11 49.53 25.96 31.19 22.31 23.05 36.85
PAT Margin (%) 17.73 13.39 23.37 20.52 34.62 36.93 19.19 23.08 19.33 16.71 25.38
Cash Profit Margin (%) 18.27 13.96 26.1 22.99 37.07 39.78 22 27.1 20.38 16.85 25.54
ROA(%) 1.72 1.28 2.06 1.56 3.02 2.92 1.59 0.84 0.92 1.42 1.27
ROE(%) 1.89 1.39 2.15 1.73 3.4 3.13 1.67 0.88 0.96 1.45 1.29
ROCE(%) 3.16 2.51 3.31 2.76 5.24 4.32 2.28 1.51 1.11 2.05 1.9
Receivable days 5.3 5.37 5.92 3.43 0.44 0.5 0.49 1.11 0.47 0.05 0.09
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 6.17 0 7.08 17.64 6.76 4.85 24.52 55.36 21.17 22.93 52.25
Price/Book(x) 0.12 0 0.15 0.3 0.23 0.15 0.41 0.49 0.2 0.33 0.67
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.84 3.38 1.75 5.01 2.74 1.72 4.27 12.43 3.9 3.04 12.28
EV/Core EBITDA(x) 5.74 13.03 4.45 13.25 4.53 3.11 14.65 28.5 16.67 12.81 32.55
Net Sales Growth(%) 113.21 -1.32 -9.3 -6.56 19.97 -13.96 1.41 -55.42 31.11 77.14 -40.84
EBIT Growth(%) 84.8 -20.8 31.08 -9.94 97.05 -22.41 -49.05 -32.9 -26.04 87.43 -5.93
PAT Growth(%) 123.03 -25.49 58.28 -17.93 102.39 -8.22 -47.3 -46.39 9.84 53.09 -10.12
EPS Growth(%) 123.06 -25.59 58.54 -18 102.48 -8.27 -47.27 -46.36 9.64 53.42 -10.19
Debt/Equity(x) 0.08 0.01 0.03 0.13 0.05 0 0 0 0 0 0
Current Ratio(x) 24.63 37.05 37.38 27.93 11.67 21.53 21.62 26.53 25.87 80.22 47.02
Quick Ratio(x) 24.63 37.05 37.38 27.93 11.67 21.53 21.62 26.53 25.87 80.22 47.02
Interest Cover(x) 6.32 9.11 67.03 5.13 5.84 18.57 77.42 4.72 1340.03 41.1 53.16
Total Debt/Mcap(x) 0.73 0 0.17 0.42 0.21 0.03 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -50% 0% -13% -7%
Operating Profit CAGR -100% — -100% -100%
PAT CAGR — — -100% —
Share Price CAGR -36% +15% -1% +15%
ROE Average +1% +1% +1% +2%
ROCE Average +2% +2% +2% +3%

Gemstone Investments Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 0 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 100 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 0.010.010.010.01000000
FII 0000000000
DII 0000000000
Public 99.9999.9999.9999.99100100100100100100
Others 0000000000
Total 100100100100100100100100100100

Gemstone Investments Peer Comparison

Finance - NBFC Edit Columns

Gemstone Investments Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Gemstone Investments Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of 1% over the last 3 years.
  • The company has delivered a poor profit growth of -100% over past five years.
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