---
title: "Gandhinagar Enterprises Ltd (530237) — Share Price, Financials & Analysis"
symbol: "530237"
company: "Gandhinagar Enterprises Ltd"
canonical: "https://tapetide.com/stocks/530237"
isin: "INE853H01019"
bse_code: "530237"
generated_at: "2026-10-13T11:01:15.200Z"
---

# Gandhinagar Enterprises Ltd (530237)

Canonical page: https://tapetide.com/stocks/530237

## Company

- **BSE Code:** 530237
- **ISIN:** INE853H01019
- **Stock Type:** EQUITY
- **Listed Since:** 2006-10-09
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gandhinagarhotels.in

## About

Gandhinagar Hotels Ltd. is engaged mainly in Hotel Business.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.52 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 51.3 to 78.0 days.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 216% | 47% | 14% |
| revenue growth | 2% | 3% | 22% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 3.24 | 3.85 | 4.07 | 4.56 | 4.62 | 3.34 | 3.51 | 3.85 | 6.75 |
| Expenses | 2.22 | 2.69 | 2.88 | 3.81 | 4.05 | 2.46 | 2.66 | 3.05 | 4.77 |
| Operating Profit | 1.02 | 1.16 | 1.19 | 0.75 | 0.57 | 0.88 | 0.85 | 0.8 | 1.98 |
| OPM % | 31.48 | 30.13 | 29.24 | 16.45 | 12.34 | 26.35 | 24.22 | 20.78 | 29.33 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0.3 | 0.29 | 0.28 | 0 | 0 | 0.28 | 0 | 0 | 0 |
| Depreciation | 0.43 | 0.7 | 0.7 | 0.5 | 0.31 | 0.55 | 0.55 | 0.5 | 0.96 |
| Profit before tax | 0.29 | 0.17 | 0.21 | 0.25 | 0.26 | 0.05 | 0.3 | 0.3 | 1.02 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 0.29 | 0.17 | 0.21 | 0.25 | 0.27 | 0.05 | 0.3 | 0.3 | 1.03 |
| EPS in Rs | 0.43 | 0.25 | 0.31 | 0.37 | 0.4 | 0.07 | 0.44 | 0.44 | 1.52 |

### Profit & Loss

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.1 | 3.5 | 4.8 | 4.08 | 6.48 | 10.14 | 16.02 | 17.13 | 17.45 |
| Expenses | 1.44 | 1.95 | 2.46 | 2.18 | 3.13 | 5.08 | 10.83 | 12.44 | 11.27 |
| Operating Profit | 0.66 | 1.55 | 2.34 | 1.9 | 3.35 | 5.06 | 5.19 | 4.69 | 6.18 |
| OPM % | 31.43 | 44.29 | 48.75 | 46.57 | 51.7 | 49.9 | 32.4 | 27.38 | 35.42 |
| Other Income | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0 | 0 | 0.01 | 0.01 |
| Interest | 0.04 | 0.03 | 0.03 | 0.01 | 0.59 | 1.32 | 1.71 | 1.24 | 1.63 |
| Depreciation | 0.23 | 0.33 | 0.34 | 1.61 | 2 | 2.89 | 2.57 | 2.23 | 2.56 |
| Profit before tax | 0.4 | 1.21 | 1.99 | 0.29 | 0.77 | 0.85 | 0.91 | 1.23 | 2 |
| Tax % | 7.5 | 11.57 | 6.53 | 20.69 | 32.47 | 72.94 | 65.93 | 74.8 | 51 |
| Net Profit | 0.37 | 1.07 | 1.86 | 0.23 | 0.52 | 0.23 | 0.31 | 0.31 | 0.98 |
| EPS in Rs | — | — | — | 0.34 | 0.77 | 0.34 | 0.46 | 0.46 | 1.45 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 65.19 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 5.4 | 5.4 | 5.93 | 6.78 | 6.78 | 6.78 | 6.78 | 6.78 | 6.78 |
| Reserves | -1.49 | -0.45 | 2.66 | 4.16 | 4.16 | 4.39 | 4.71 | 5.2 | 6.18 |
| Borrowings | 4.11 | 4.61 | 8.28 | 15.39 | 18.1 | 13.27 | 10.61 | 8.47 | 7.45 |
| Other Liabilities | 0.82 | 3.67 | 3.48 | 1.69 | 2.62 | 5.38 | 3.74 | 7.82 | 26.68 |
| Total Liabilities | 8.84 | 13.23 | 20.35 | 28.02 | 31.66 | 29.82 | 25.84 | 28.27 | 47.09 |
| Fixed Assets | 3.06 | 3.55 | 3.22 | 13.9 | 15.72 | 21.81 | 19.53 | 26.78 | 35.94 |
| CWIP | 3.57 | 5.69 | 11.19 | 10.19 | 13.26 | 6.05 | 4.2 | -7.44 | -7.97 |
| Investments | 0.07 | 0.57 | 0.52 | 0.29 | 0.62 | 0.44 | 0.44 | 6.35 | 12.11 |
| Other Assets | 2.14 | 3.42 | 5.42 | 3.64 | 2.06 | 1.52 | 1.67 | 2.58 | 7.01 |
| Total Assets | 8.84 | 13.23 | 20.35 | 28.02 | 31.66 | 29.82 | 25.84 | 28.27 | 47.09 |

### Cash Flow

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

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.93 | 0.86 | 1.46 | -0.75 | 3.41 | 4.21 | 2.66 | 3.48 | -7.92 |
| Cash from Investing Activity | -4.05 | -3.44 | -5.44 | -10.98 | -7.22 | -1.56 | 1.4 | -2.99 | -7.42 |
| Cash from Financing Activity | 3.23 | 3.29 | 5.09 | 9.49 | 2.71 | -2.55 | -3.77 | -0.39 | 15.26 |
| Net Cash Flow | 0.11 | 0.71 | 1.11 | -2.24 | -1.1 | 0.1 | 0.29 | 0.09 | -0.09 |
| Free Cash Flow | -3.12 | -2.08 | -4.04 | -12.04 | -3.48 | 2.46 | 4.25 | 3.4 | -19.11 |
| CFO/OP | 141 | 55 | 62 | -39 | 102 | 83 | 51 | 74 | -128 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 34.76 | 28.16 | 35.74 | 13.42 | 12.39 | 13.68 | 6.38 | 24.5 | 78.02 |
| Inventory Days | 131.4 | 102.66 | 91.25 | 100 | 104.29 | 61.92 | 36.99 | — | — |
| Days Payable | 496.4 | 273.75 | 214.44 | 205 | 469.29 | 817.99 | 94.41 | — | — |
| Cash Conversion Cycle | -330.24 | -142.94 | -87.45 | -91.58 | -352.61 | -742.39 | -51.05 | 24.5 | 78.02 |
| Working Capital Days | -36.5 | -259.67 | -109.5 | 68.88 | -32.11 | -60.47 | -19.82 | -60.51 | -12.97 |
| ROCE % | — | 14.11 | 15.29 | 1.39 | 4.91 | 8.12 | 11.26 | — | 17.77 |

## Shareholding Pattern

### annual

| Category | Jun 2016 |
| --- | --- |
| Promoters | 55.09% |
| Public | 44.91% |
| No. of Shareholders | 2202 |

### Quarterly

| Category | Jun 2016 |
| --- | --- |
| Promoters | 55.09% |
| Public | 44.91% |
| No. of Shareholders | 2202 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 6 / 2 / 11

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 6.48 | Buy |
| EMA (10) | 7.05 | Buy |
| SMA (20) | 7.27 | Buy |
| EMA (20) | 7.9 | Sell |
| SMA (50) | 11.77 | Sell |
| EMA (50) | 10.94 | Sell |
| SMA (100) | 15.25 | Sell |
| EMA (100) | 13.8 | Sell |
| SMA (200) | 17.57 | Sell |
| EMA (200) | 16.36 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 40.66 | Neutral |
| MACD (12,26,9) | -1.44 | Buy |
| Stochastic (14,3,3) | 82.48 | Sell |
| ADX (14) | 60.28 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 0.47 | High Volatility |
| ROC (12) | 11.57 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 72.86 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-06 | [Announcement under Regulation 30 (LODR)-Diversification / Disinvestment](https://www.bseindia.com/xml-data/corpfiling/AttachLive/80ed0b76-1df6-4105-879d-d1f26ab37428.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e2d869a8-0d68-4977-8575-73544740b2a0.pdf) |
| 2026-02-13 | [Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bdb6fd95-066c-44c2-936e-70d4c9331014.pdf) |
| 2026-02-13 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/81a7e8d7-cd84-485c-94c2-c68aff52b940.pdf) |
| 2026-02-05 | [Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31, 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d923f4b2-74e0-41b4-8513-5877472a9f2b.pdf) |
| 2026-01-07 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64c74b83-8af9-4899-a3ba-1bf462dacd82.pdf) |
| 2017-02-16 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=AB99E874_1D7A_4605_BC5F_687D289ED06E_140014.pdf) |
| 2017-02-16 | [Statement of Investor Complaint under Reg. 13(3) of SEBI (LODR) Regulations, 2015 for Quarter ended December 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/2/AB99E874_1D7A_4605_BC5F_687D289ED06E_140014.pdf) |
| 2016-11-09 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4238781B_3694_4DA4_A7BD_2F0752589318_170720.pdf) |
| 2016-11-09 | [Board Meeting Intimation for Results & Closure of Trading Window](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/11/4238781B_3694_4DA4_A7BD_2F0752589318_170720.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/29230fbb-3a66-44bb-80c1-97f5bb8d0dca.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/abf28569-27e5-457a-9187-651dc7c8de2a.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/33defaba-8041-4e0b-95de-1e65d3f8be86.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/538961/75330538961.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/538961/69612538961.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/538961/67133538961_21_11_20.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/538961/5389610319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/538961/5389610318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/538961/5389610317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/538961/5389610316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2018 | [Concall - Oct 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/10/de23734e-3d6c-46b9-87dc-6f98932b5e0e.pdf) |
| Aug 2018 | [Concall - Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/b6ebcf1d-d981-4878-9fe9-aa799d81ccff.pdf) |
| Jun 2018 | [Concall - Jun 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/6/174a445c-c6cd-456a-8c8f-dfd31d598808.pdf) |
| Mar 2018 | [Concall - Mar 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/5f4d25fb-1d06-4ce7-8547-8baa0f297279.pdf) |
| Mar 2018 | [Concall - Mar 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/3/fa6b622d-ce26-4e0c-914f-ca200df66865.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-06-17 | Credit rating update — CRISIL |
| 2025-05-09 | Credit rating update — CRISIL |
| 2024-08-12 | Credit rating update — CRISIL |
| 2024-03-06 | Credit rating update — CARE Ratings |
| 2024-01-25 | Credit rating update — CRISIL |
| 2023-08-24 | Credit rating update — CARE Ratings |

---

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 2026-10-13T11:01:15.200Z.