GEE Ltd
504028GEE Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the P/E sits at the 77th percentile of its own range — the multiple has already done part of the work.
The price is in a confirmed uptrend (14 weeks in) while the P/E sits at the 77th percentile of its own 10-year range. Underneath, the last four quarters read improving — profit +599.0% year on year, and 109% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
GEE Ltd trades at ₹132, in a confirmed uptrend and 14 weeks into that stage. That is +37.1% against its own 200-day average. It sits at 92% of a 52-week range of ₹78 to ₹137. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 7 straight weeks.
Today the stock is in a confirmed uptrend — week 14 of stage 2, confirmed. At ₹132 it trades +37.1% versus its 200-day average and sits at 92% of its 52-week range (₹78–₹137).
Against the market, two honest reads. Cumulative: over the last 4 months the stock moved +56% while the NIFTY 500 moved +1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 7 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
GEE Ltd's story is not scored yet against the markers our research file set on 19 July 2026. Where it sits in its own cycle: Not stated in the research file. Our fortnightly research layers last read it on 19 July 2026.
Our read, 19 July 2026. GEE has recovered operationally after the prior impairment and has credible specialty-product catalysts, but margin normalization and recent cash conversion keep its valuation and execution risk high.
What is proven. GEE has recovered operationally after the prior impairment and has credible specialty-product catalysts, but margin normalization and recent cash conversion keep its valuation and execution risk high.
What is not proven yet. Confidence increases if flux-cored wire starts on schedule, specialty approvals convert to revenue, operating margin remains resilient and operating cash flow turns positive. The case fails if the new line is delayed, margin reverts as utilization rises, or inventory keeps absorbing cash without a disclosed order or commissioning bridge.
🚨 What would change our mind. Confidence increases if flux-cored wire starts on schedule, specialty approvals convert to revenue, operating margin remains resilient and operating cash flow turns positive. The case fails if the new line is delayed, margin reverts as utilization rises, or inventory keeps absorbing cash without a disclosed order or commissioning bridge.
🚨 Layer 1 read, 19 July 2026 — DROP. Real operating recovery but a re-rated, cash-negative, above-normal-margin name — not a compressed depressed-breakout. GEE has returned to its FY24 earnings after a one-quarter impairment (Mar-2025 EPS -2.9, OPM -18.4%), but its PE sits at the 81st percentile and OPM 9.9% is already above the normalized 7.5%, so trailing earnings flatter the valuation. FY26 operating cash flow was negative (-Rs 11cr vs Rs 13cr PAT) as working capital absorbed cash, and the specialty catalysts that would justify the multiple are still unconverted.
What would change Layer 1’s mind. Flux-cored wire commissioning on schedule with Rs 50cr+ run-rate revenue AND operating cash flow turning positive with OPM holding above 10% for two quarters [milestones M1/M4, C003] — that would convert the re-rating into an earnings-led thesis and lift it toward P1.
The test written in advance. Peak-margin valuation risk — Peak-margin valuation risk Operating margin falls below the stated management aspiration for two reporting periods. by the next result.
The test written in advance. Working-capital absorption — Working-capital absorption Operating cash remains negative while inventory expands and no order or commissioning explanation is provided. by the next result.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Flux-cored wire localization | in play | — | Domestic flux-cored wire production can replace import activity with a larger share of unit economics. | Production is delayed, certification does not support saleable output, or customers do not adopt the domestic line. |
| Specialty approvals | in play | — | Defense and nuclear approvals can shift revenue toward products with stronger pricing power. | Approved programmes do not turn into purchase orders or specialty mix remains too small to affect company economics. |
| Existing-capacity operating leverage | in play | — | Utilization growth can improve fixed-cost absorption without a new plant build. | Revenue stalls before utilization improves or added volume requires margin concessions. |
🚨 What the surface reading misses. The surface reading is: The new line creates a material revenue opportunity. The research reads it further: Existing import activity is the commercial co-mover: domestic production can capture more unit economics only after machinery commissioning, certification and customer adoption.
🚨 What the surface reading misses. The surface reading is: Defense appears to be a specialty growth lane with high entry barriers. The research reads it further: Specialized approval and existing project relationships are the co-movers; realized purchase orders and defense revenue must validate the stated share.
Lever 15 · Market-share gains — BUILDING. Domestic flux-cored wire production can replace import activity with a larger share of unit economics. What proves it keeps working: Flux-cored wire localization. It stops working if Production is delayed, certification does not support saleable output, or customers do not adopt the domestic line.
Lever 1 · Operating leverage — BUILDING. Utilization growth can improve fixed-cost absorption without a new plant build. What proves it keeps working: Existing-capacity operating leverage. It stops working if Revenue stalls before utilization improves or added volume requires margin concessions.
Sources: our stock research file (19 July 2026) · quarterly results through Jun 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.
Revenue Revenue is the top line: everything the company billed its customers in the period.
GEE Ltd reported ₹103 Cr of revenue in the Jun 26 quarter, +29.9% year on year. That is the 4th straight quarter of year-on-year growth. Over 10 years it has compounded at 6.9% a year. The last full year, FY26, came in at ₹369 Cr. The last four reported quarters add to ₹393 Cr.
Why this happened. The approvals are specific commercial access points rather than broad end-market commentary. Defense revenue and nuclear order conversion are the co-movers that must show in reported mix.
FY26 revenue came in at ₹369 Cr (+10.5% on the year), capping 10 years at 6.9% compound. The latest quarter (Jun 26) printed ₹103 Cr, +29.9% year on year — the 4th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +18.7% growth against the decade's 6.9% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +18.7% over the last 4 quarters against +5.0%/yr over the last 8 — accelerating.
FY26-Q4. revenue ₹112 Cr and profit ₹4 Cr as reported.
FY27-Q1. revenue ₹103 Cr and profit ₹7 Cr as reported.
Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
GEE Ltd's operating margin is 7.8% in the Jun 26 quarter, +2.1 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 0.2% to 10.0%. The current quarter sits inside that band.
Why this happened. Management identifies unused capacity and limited ancillary spending as the route to scale. Reported revenue and operating margin must move together for the leverage claim to be credible.
The latest quarter's operating margin is 7.8%, +2.1 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 0.2%–10.0%.
Why the margin moved: operating margin went +2.1 pp year on year while gross margin went +0.4 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.
FY26-Q4. revenue ₹112 Cr and profit ₹4 Cr as reported.
FY27-Q1. revenue ₹103 Cr and profit ₹7 Cr as reported.
Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
GEE Ltd earned ₹6.8 Cr of net profit in the Jun 26 quarter, +599.0% year on year. Full-year FY26 profit was ₹13.0 Cr. The 10-year compound rate is 10.0%. That is 6.7% of the quarter's revenue. The same quarter a year earlier earned ₹1.0 Cr. 1 of the last 12 reported quarters were loss-making.
Jun 26 profit was ₹6.8 Cr, +599.0% year on year. On the full year, FY26 printed ₹13.0 Cr (null), and the 10-year compound rate is 10.0%.
Why profit moved: revenue contributed +29.9% and the margin +2.1 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit +316.8% vs revenue +18.7%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
FY26-Q4. revenue ₹112 Cr and profit ₹4 Cr as reported.
FY27-Q1. revenue ₹103 Cr and profit ₹7 Cr as reported.
Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 109% of GEE Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹−8.0 Cr of operating cash against ₹13.0 Cr of profit. After ₹−21.0 Cr of capital spending, ₹13.0 Cr was left as free cash.
FY26: operating cash of ₹−8.0 Cr against reported profit of ₹13.0 Cr, leaving free cash of ₹13.0 Cr after ₹−21.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 109% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 109%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
GEE Ltd's cash conversion cycle runs 149 days in FY26, up from 139 days in FY21. Capital spending ran ₹−1.0 Cr over the last 3 years. At FY26 sales of ₹369 Cr each day of that cycle holds about ₹1.0 Cr, so roughly ₹151 Cr sits inside the business at any moment.
FY26: debtors at 54 days, inventory at 127 days — roughly 4.2 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 149 days, looser than FY21's 139.
The full loop: cash goes out to suppliers and production on day 0; stock waits 127 days to sell; customers pay about 54 days after that; and suppliers themselves are paid at 32 days — netting out to the 149-day cycle.
In money terms: at FY26 sales of ₹369 Cr, each day of the cycle holds about ₹1.0 Cr — so the 149-day loop keeps roughly ₹151 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹−1.0 Cr over the last 3 fiscal years against ₹12.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
GEE Ltd earns a ROCE of 11% in FY26. That is up from a trough of −1% in FY25. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 3.5% net margin on 1.17× asset turns.
FY26 ROCE is 11%, recovered from a FY25 trough of −1% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 3.5% net margin × 1.17× asset turns × 1.47× balance-sheet leverage ≈ 6.0% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
GEE Ltd carries ₹61.0 Cr of borrowings against ₹215 Cr of equity in FY26, a debt-to-equity of 0.28. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹60.0 Cr to ₹61.0 Cr. Capital spending ran ₹−1.0 Cr across the last 3 of those years.
FY26: borrowings of ₹61.0 Cr against equity of ₹215 Cr — a debt-to-equity of 0.28. Operating profit covers the interest bill 4×. Over 5 years borrowings went from ₹60.0 Cr to ₹61.0 Cr while capital spending ran ₹−1.0 Cr in just the last 3 — part of the build-out is riding on borrowed money.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of GEE Ltd moved a full percentage point over the last two years — the register is quiet. Foreign institutions moved +0.0 points over the same window, to 1.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −0.4 points over 8 quarters to 63.6%; Foreign institutions: +0.0 points over 8 quarters to 1.1%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
GEE Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
GEE Ltd trades at 38.2× P/E, at the pricey end of its own range (77th percentile). Its long-run median P/E is 18.1×, measured across 10.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 38.2× is at the pricey end of its own range (77th percentile), against a long-run median of 18.1× measured over 10.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
GEE Ltd reads as turning around on its fundamental arc. Turning around — profit growth swung from −64.6% at the trough to +599.0% off a 5-quarter-old trough (single-quarter readings), ROCE lifting at 11.0%. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +10.5% | −2.3% | +7.8% | +6.9% |
| Profit | — | +13.0% | +0.0% | +10.0% |
| EPS | — | +15.1% | +0.6% | +11.0% |
4-Factor Sector Score
63.3/100 — rank 1 of 3 in Electrodes - Welding Equipment · 57% evidence confidence
GEE Ltd scores 63.3 out of 100 against the 3 companies it is compared with in Electrodes - Welding Equipment, ranking 1. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
The four contributions add to the total exactly: 31.6 + 9.2 + 10 + 12.5 = 63.3. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1GEE Ltdthis page504028 | 63.3/100Thin evidence · provisional57% evidence | BREAKING OUT | 31.6/35 Revenue 18.7% · PAT 100% · OPM change 2.1 pp 95% evidence | 9.2/25 ROCE 11.4% · OPM 7.8% 76% evidence | 10.0/20 P/E 38.2× · PEG — 0% evidence | 12.5/20 RS sector — · RS bench 52.9% · 1Y —6 of 6 weeks ahead 25% evidence |
| Exact sum: 31.6 + 9.2 + 10 + 12.5 = 63.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 2Graphite India LtdGRAPHITE | 59.7/100Mixed-positive evidence90% evidence | TURNING | 18.7/35 Revenue 21.3% · PAT -41.1% · OPM change 11 pp 100% evidence | 6.0/25 ROCE 4.6% · OPM 17% 100% evidence | 15.0/20 P/E 73.6× · PEG 0.6 50% evidence | 20.0/20 RS sector 17.9% · RS bench 30% · 1Y 59.9%1 of 12 weeks ahead 100% evidence |
| Exact sum: 18.7 + 6 + 15 + 20 = 59.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3HEG LtdHEG | 56.4/100Mixed-positive evidence90% evidence | BASING | 28.9/35 Revenue 20.2% · PAT 82.7% · OPM change 5 pp 100% evidence | 7.5/25 ROCE 8.3% · OPM 22% 100% evidence | 15.0/20 P/E 12.9× · PEG 0.37 50% evidence | 5.0/20 RS sector -57.2% · RS bench 14.8% · 1Y -51.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 28.9 + 7.5 + 15 + 5 = 56.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -57.2% and the one-year return is -51.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is GEE Ltd's share price today?
GEE Ltd trades at ₹132. The company is valued at ₹686 Cr. The stock sits at 92% of its 52-week range of ₹78–₹137, +37.1% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 14 weeks in. — as of 11 September 2026.
What were GEE Ltd's latest quarterly results?
GEE Ltd reported revenue of ₹103 Cr and net profit of ₹6.8 Cr for the Jun 26 quarter. Revenue rose 29.9% and profit rose 599.0% year on year. Earnings per share were ₹1.32. The operating margin was 7.8%, 2.1 pp higher than a year earlier. — as of 11 September 2026.
What is GEE Ltd's revenue?
GEE Ltd reported revenue of ₹103 Cr in the Jun 26 quarter, +29.9% year on year. For the full FY26 fiscal year, revenue was ₹369 Cr (+10.5%). Over the last 10 years revenue compounded at 6.9% a year. — as of 11 September 2026.
What is GEE Ltd's profit?
GEE Ltd earned ₹6.8 Cr of net profit in the Jun 26 quarter, +599.0% year on year. Full-year FY26 profit was ₹13.0 Cr. The operating margin ran 7.8% in the latest quarter. — as of 11 September 2026.
What is GEE Ltd's market cap?
GEE Ltd's market capitalisation is ₹686 Cr at a share price of ₹132. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is GEE Ltd's P/E ratio?
GEE Ltd trades at a P/E of 38.2×, at the 77th percentile of its own 10-year range, against a long-run median of 18.1×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does GEE Ltd pay a dividend?
Not in its latest year — GEE Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 3 of its last 12 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is GEE Ltd overvalued?
On its own history, GEE Ltd looks expensive: its P/E of 38.2× sits at the 77th percentile of its 10-year range (long-run median 18.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is GEE Ltd growing?
Yes — GEE Ltd is growing: latest-quarter revenue +29.9% year on year, profit +599.0%, and the margin +2.1 pp at 7.8%. The 10-year compound rates are 6.9% (revenue) and 10.0% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is GEE Ltd performing?
GEE Ltd is in a confirmed uptrend, 14 weeks in. Its latest quarter's revenue rose 29.9% and profit rose 599.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 7 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is GEE Ltd in?
Turning around — profit growth swung from −64.6% at the trough to +599.0% off a 5-quarter-old trough (single-quarter readings), ROCE lifting at 11.0%. The read comes from the last 12 quarters of growth (revenue growth +29.9% latest, profit growth +599.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is GEE Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 14 of stage 2), trading +37.1% versus its 200-day average and at 92% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is GEE Ltd beating the market?
On recent form, yes — GEE Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 7 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 4 months the stock moved +56% against the NIFTY 500's +1% — ahead of the index over the full window. — as of 11 September 2026.
Will GEE Ltd's share price go up?
This page publishes no price forecast for GEE Ltd. What it measures instead: the share price is ₹132, the price is in a confirmed uptrend 14 weeks in. Its P/E of 38.2× sits at the 77th percentile of its own 10-year range. — as of 11 September 2026.
Who owns GEE Ltd?
Promoters hold 63.6% of GEE Ltd, foreign institutions 1.1%, domestic institutions 0.0% and the public 35.3% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does GEE Ltd have too much debt?
No — GEE Ltd's debt-to-equity is 0.28, and operating profit covers the interest bill 4×. FY26 borrowings were ₹61.0 Cr against equity of ₹215 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is GEE Ltd's capex?
GEE Ltd spent ₹−1.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹−21.0 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is GEE Ltd's cash flow?
GEE Ltd consumed ₹8.0 Cr of operating cash in FY26 — cash flowed out rather than in (free cash flow: ₹13.0 Cr). Operating cash was negative while the company reported a profit of ₹13.0 Cr. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is GEE Ltd's profit real cash?
Yes — over the last 3 fiscal years, 109% of GEE Ltd's reported profit arrived as operating cash. Though the latest year ran at -62% — the trend is the thing to watch. In FY26, operating cash was ₹−8.0 Cr against reported profit of ₹13.0 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is GEE Ltd in its business cycle?
GEE Ltd's FY26 operating margin was 9.0%, against a 12-year band of 0.2%–10.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 7.8%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What could break the GEE Ltd story?
Biggest watch item: the P/E sits at the 77th percentile of its own range — the multiple has already done part of the work. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is GEE Ltd a stock worth studying right now?
This is not investment advice. The machine read: GEE Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!