Gemstone Investments Limited (531137) fair value: what the stock is really worth
As of Oct 7, 2026: fair value of Gemstone Investments Limited ₹1.19, price ₹1.35, upside -11.9%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹0.6100 – ₹4.54 · fair‑value band ₹0.5300 – ₹1.58 · the ₹1.35 price screens above the ₹1.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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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.
Stock analysis
Gemstone Investments Limited (531137) currently trades at ₹1.35, while our model-based Fair Value estimate is ₹1.19, 11.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹4.46 per share, and 2 of the 6 models we run sit above the ₹1.35 price.
Bear case: the Earnings-Based group reads lowest at ₹0.3800, and 4 of the 6 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹0.5300 (bear) to ₹1.58 (bull), the price of ₹1.35 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 42/100 (below-average quality), in the Financial sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap ₹175M (≈ $1.8M) · P/E ratio 14.8 · P/S ratio 2.68 · EPS (TTM) ₹0.1410 · Net margin 18.1% · Return on equity 4.3% · Return on assets (EBIT) 1.6% · Operating margin 63.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial peers we cover trades at 31% fair-value upside, at −12%, 531137 screens richer than that median.
Fair Value models
Bear ₹0.5300Fair Value ₹1.19Bull ₹1.58
Price ₹1.35 · Upside -11.9%
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 (₹0.0734 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
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.0.7% vs −4.0%, picking up
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.26% → 34%
Compare Gemstone Investments Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.)Financials · 3235 stocks
Beats the sector median on 3/12 measures
Overall it trails its sector peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−13.1% · Below median
Profitability
Return on equity (TTM)4.3% · Below median
Return on assets0.0% · Bottom 25%
Net margin (TTM)45.9% · Top 25%
Operating margin (TTM)63.4% · Top 25%
Growth and dividend
Revenue growth−9.7% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Financials median · lower = cheaper
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.
Is Gemstone Investments Limited (531137) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹1.19 versus a price of ₹1.35, about −12% upside (overvalued).
What is the fair value of 531137?
Our model-based fair value for Gemstone Investments Limited is ₹1.19 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹1.35.
What is the quality score of 531137?
Gemstone Investments Limited has a Quality Score of 42/100. 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 Gemstone Investments Limited (531137)?
Our model-based price target is the fair value of ₹1.19 (as of Oct 3, 2026) from 6 valuation models. Cautious scenario ₹0.5300, optimistic scenario ₹1.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Gemstone Investments Limited stock forecast for 2026?
Our models put fair value at ₹1.19, about −12% upside versus a price of ₹1.35 (overvalued). Cautious scenario ₹0.5300, optimistic scenario ₹1.58. The calculation is refreshed regularly with new filings.
What is the revenue of Gemstone Investments Limited (531137)?
Gemstone Investments Limited reported trailing-twelve-month revenue of about ₹23.0M (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of Gemstone Investments Limited (531137)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gemstone Investments Limited it is ₹1.19 per share (as of Oct 3, 2026), against a price of ₹1.35. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Gemstone Investments Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 531137 trades above its calculated fair value: price ₹1.35, fair value ₹1.19, a gap of about −12% (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 531137?
No. The price is what the market pays today (₹1.35); the fair value is what the company's own numbers justify (₹1.19). For Gemstone Investments Limited the two are ₹0.1600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gemstone Investments Limited worth?
The market values Gemstone Investments Limited at about ₹175M (market capitalisation, as of Oct 3, 2026). Per share that is ₹1.35; our models calculate a fair value of ₹1.19 per share.
What do the bullish and bearish scenarios say about 531137?
Our models span a range for Gemstone Investments Limited: cautious scenario ₹0.5300, base ₹1.19, optimistic ₹1.58 per share (as of Oct 3, 2026, price ₹1.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 531137?
Gemstone Investments Limited trades at a price-to-earnings ratio of 14.8 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.19 is built from several models across several years. Other multiples: P/B 0.4, P/S 7.6, EV/EBITDA 11.6.
How solid is the balance sheet of Gemstone Investments Limited (531137)?
Balance-sheet figures for Gemstone Investments Limited (as of Oct 3, 2026): return on equity 4.3%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 531137 from its 52-week high?
Gemstone Investments Limited trades at ₹1.35, about 33% below its 52-week high of ₹2.01 and 12% above the low of ₹1.21 (as of Oct 7, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.19 is for.
Which stocks are comparable to Gemstone Investments Limited?
From the same area (Financial) we also value GARNETINT, IndiaNivesh Limited, BNRSEC, ODYCORP, 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 Gemstone Investments Limited stock attractive at the current price?
The data as of Oct 3, 2026: price ₹1.35, calculated fair value ₹1.19 (−12%), Quality Score 42/100, from 6 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 531137 calculated?
We run Gemstone Investments Limited through 6 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 ₹1.19, 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 15.4 % above its aggregate fair value. Gemstone Investments 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 Gemstone Investments Limited (531137)?
The closing price on Oct 7, 2026 was ₹1.35. Our model-based fair value is ₹1.19, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gemstone Investments Limited right now?
The model range is unusually wide (₹0.5300 to ₹1.58). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Gemstone Investments Limited
How large is the market capitalisation of Gemstone Investments Limited (531137)?
The market capitalisation of Gemstone Investments Limited is ₹175M (≈ $1.8M). 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 Gemstone Investments Limited (531137)?
The price-to-sales ratio of Gemstone Investments Limited is 2.68 (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 Gemstone Investments Limited (531137)?
Earnings per share at Gemstone Investments Limited are ₹0.1410 (price ÷ EPS = P/E 14.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Gemstone Investments Limited (531137)?
The net margin of Gemstone Investments Limited is 18.1% (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 Gemstone Investments Limited (531137)?
The return on equity (ROE) of Gemstone Investments Limited is 4.3% (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 Gemstone Investments Limited (531137)?
On an EBIT basis the return on assets of Gemstone Investments Limited is 1.6% (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 Gemstone Investments Limited (531137)?
The operating margin of Gemstone Investments Limited is 63.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gemstone Investments Limited (531137)?
Revenue at Gemstone Investments Limited is growing −9.7% versus a year earlier (3y avg +23.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Gemstone Investments Limited (531137) generate?
The free cash flow of Gemstone Investments Limited is −₹291M (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 Gemstone Investments Limited (531137) carry?
The net debt of Gemstone Investments Limited is ₹35.4M (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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