Gemstone Investments Limited (531137) Fair Value & Analysis

Financial · IN · Market cap ₹175M

Below-average quality, and screening another 51% overvalued on our models.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (₹0.8800). The favourable scenario is already priced in.
• Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹0.6100 – ₹4.54 · fair‑value band ₹0.5300 – ₹0.8800 · the ₹1.42 price screens above the ₹0.7000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Gemstone Investments Limited (531137) currently trades at ₹1.42, while our model-based Fair Value estimate is ₹0.7000, implying the stock looks roughly 50.7% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Financial sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Gemstone Investments Limited generated revenue of ₹23.0M at a net margin of 45.9%. Revenue declined 9.7% year over year. It earns a return on equity of 4.3%. Net debt stands at ₹35.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹0.5300 (bear case) to ₹0.8800 (bull case); at ₹1.42, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial peers we cover trades at -28% fair-value upside, at -51%, 531137 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Asset-Based (₹4.46) versus Earnings-Based (₹0.3800). Highest evidence: P/E Multiple (63).

Key figures & financial health

Quality Score breakdown

About the company

Gemstone Investments Limited engages in non-banking financial activities in India. It primarily caters to the credit requirements of the unorganized sector, such as wholesale and retail traders, small-scale industries, and small borrowers at the local level by way of equity investments. The company was incorporated in 1994 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Gemstone Investments Limited reported revenue of ₹22.3M in FY2026 versus ₹9.1M in FY2022, a compound +25.3%/yr. Reported net income was ₹4.0M in FY2026, compounding +17.9%/yr from FY2022.

531137 screens 51% overvalued. Compare with Religare Enterprises Limited →

Peer Group

Financials · 3214 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Investment Brokerage - National” was too small, so the broader sector is used.)

Valuation Multiples vs Financials median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Similar stocks

10 more Investment Brokerage - National stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.