GEE Limited (504028) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of GEE Limited ₹100, price ₹125, upside -20.0%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹18.20 – ₹141.30 · fair‑value band ₹70.02 – ₹130.04 · the ₹125.05 price screens above the ₹100.03 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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GEE Limited manufactures and sells welding consumables, copper-coated wires, flux cored wires, and welding fluxes in India and internationally. Its products include shielded metal, gas tungsten, and submerged arc welding products; brazing wires and fluxes; flux cored wires; copper and copper alloys; and low heat input electrodes.
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GEE Limited manufactures and sells welding consumables, copper-coated wires, flux cored wires, and welding fluxes in India and internationally. Its products include shielded metal, gas tungsten, and submerged arc welding products; brazing wires and fluxes; flux cored wires; copper and copper alloys; and low heat input electrodes. The company was founded in 1960 and is based in Thane, India.
Stock analysis
GEE Limited (504028) currently trades at ₹125.05, while our model-based Fair Value estimate is ₹100.03, 20.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹115.54 per share, and 3 of the 15 models we run sit above the ₹125.05 price.
Bear case: the Earnings-Based group reads lowest at ₹32.24, and 12 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹70.02 (bear) to ₹130.04 (bull), the price of ₹125.05 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
GEE Limited reported revenue of ₹3.7B in FY2026 versus ₹3.2B in FY2022, a compound +3.4%/yr. Reported net income was ₹130M in FY2026, compounding −3.6%/yr from FY2022.
Key figures
Market cap ₹626M (≈ $6.5M) · P/E ratio 8.1 · P/S ratio 0.28 · EPS (TTM) ₹4.82 · Net margin 3.5% · Return on equity 7.3% · Return on assets (EBIT) 6.1% · Operating margin 8.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 132% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 8% fair-value upside, at −20%, 504028 screens richer than that median.
Fair Value models
Bear ₹70.02Fair Value ₹100.03Bull ₹130.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹2.45 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+10.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2021 (pandemic). Over 10 years: +6.9% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.5%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−12.5% vs 6.5%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 8%
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 2.5%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "GEE Limited Fair Value". https://www.fairvalue-calculator.com/stock/504028
Frequently asked questions
Is GEE Limited (504028) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹100.03 versus a price of ₹125.05, about −20% upside (overvalued).
What is the fair value of 504028?
Our model-based fair value for GEE Limited is ₹100.03 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹125.05.
What is the quality score of 504028?
GEE Limited has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for GEE Limited (504028)?
Our model-based price target is the fair value of ₹100.03 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario ₹70.02, optimistic scenario ₹130.04. It is a calculation from audited fundamentals, not an analyst target.
What is the GEE Limited stock forecast for 2026?
Our models put fair value at ₹100.03, about −20% upside versus a price of ₹125.05 (overvalued). Cautious scenario ₹70.02, optimistic scenario ₹130.04. The calculation is refreshed regularly with new filings.
What is the revenue of GEE Limited (504028)?
GEE Limited reported trailing-twelve-month revenue of about ₹2.2B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of GEE Limited (504028)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For GEE Limited it is ₹100.03 per share (as of Sep 24, 2026), against a price of ₹125.05. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is GEE Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 504028 trades above its calculated fair value: price ₹125.05, fair value ₹100.03, a gap of about −20% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 504028?
No. The price is what the market pays today (₹125.05); the fair value is what the company's own numbers justify (₹100.03). For GEE Limited the two are ₹25.02 per share apart. That gap is exactly why we show both numbers side by side.
How much is GEE Limited worth?
The market values GEE Limited at about ₹626M (market capitalisation, as of Sep 24, 2026). Per share that is ₹125.05; our models calculate a fair value of ₹100.03 per share.
What do the bullish and bearish scenarios say about 504028?
Our models span a range for GEE Limited: cautious scenario ₹70.02, base ₹100.03, optimistic ₹130.04 per share (as of Sep 24, 2026, price ₹125.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 504028?
GEE Limited trades at a price-to-earnings ratio of 8.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹100.03 is built from several models across several years.
How solid is the balance sheet of GEE Limited (504028)?
Balance-sheet figures for GEE Limited (as of Sep 24, 2026): return on equity 7.3%, debt of 0.10 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 504028 from its 52-week high?
GEE Limited trades at ₹125.05, about 12% below its 52-week high of ₹141.30 and 132% above the low of ₹53.99 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹100.03 is for.
Which stocks are comparable to GEE Limited?
From the same area (Industrials) we also value Sungho Electronics Corp, BHI Co, VITZROCELL Co, Tae Kwang Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is GEE Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹125.05, calculated fair value ₹100.03 (−20%), Quality Score 61/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 504028 calculated?
We run GEE Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹100.03, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. GEE Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of GEE Limited (504028)?
The closing price on Oct 1, 2026 was ₹125.05. Our model-based fair value is ₹100.03, about −20% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with GEE Limited right now?
Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹70.02 to ₹130.04) leaves room in how you read the outcome.
Key figures of GEE Limited
How large is the market capitalisation of GEE Limited (504028)?
The market capitalisation of GEE Limited is ₹626M (≈ $6.5M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of GEE Limited (504028)?
The price-to-sales ratio of GEE Limited is 0.28 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of GEE Limited (504028)?
Earnings per share at GEE Limited are ₹4.82 (price ÷ EPS = P/E 8.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of GEE Limited (504028)?
The net margin of GEE Limited is 3.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of GEE Limited (504028)?
The return on equity (ROE) of GEE Limited is 7.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of GEE Limited (504028)?
On an EBIT basis the return on assets of GEE Limited is 6.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of GEE Limited (504028)?
The operating margin of GEE Limited is 8.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at GEE Limited (504028)?
Revenue at GEE Limited is growing −9.9% versus a year earlier (3y avg −2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at GEE Limited (504028)?
Earnings per share at GEE Limited are growing +187% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does GEE Limited (504028) generate?
The free cash flow of GEE Limited is −₹233M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does GEE Limited (504028) carry?
The net debt of GEE Limited is ₹629M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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