GSB Finance Ltd

GSBFIN

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Market Cap

₹ 20 Cr

P/E

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

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Overview

Detailed Summary

GSB Finance Ltd, formerly known as Ravi Cement Ltd, primarily engages in providing financial services, investments, and has a focus on trading in shares and securities.

The company, initially a prospective mini-cement plant, shifted towards financial services due to a recession in the cement industry, a strategic pivot that demonstrates adaptability.

GSB Finance underwent a significant transformation in the early 90s, with expert financial professionals joining the board and a consequent change in focus to finance-oriented services.

Despite market challenges, the company demonstrated an ability to rebound with a profit in 1998-99 following a loss the previous year, showcasing resilience.

The company re-aligned its financial strategies in 1999-2000, notably with a change in inventory valuation policy that impacted profits, reflecting their agility in financial management.

Sector

Finance

Industry

Finance - Small

Market Cap

20 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

20.4

PEG Ratio

—

P/B Ratio

1.4

52W High

51.75

52W Low

25.00

Sales CAGR

-51.63%

-10.70%

0.02%

10Y

-21.02%

Profit CAGR

-54.14%

42.58%

—

10Y

18.23%

ROE

TTM

-1.14%

5.89%

4.54%

10Y

3.29%

ROCE

TTM

-0.47%

7.13%

6.20%

10Y

5.04%

Technicals

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
STEP2COR	31.44	23 Cr	—	2.55	0.00	-0.67	-0.95	-2.30
ABIRAFN	40.00	22 Cr	42.55	1.12	3.75	2.64	3.72	2.55
ENBETRD	0.37	21 Cr	2.85	0.25	0.00	9.14	11.58	5.19
GSBFIN	34.00	20 Cr	—	1.44	0.00	-1.14	-0.47	-1.17
KJMCCORP	50.00	20 Cr	17.79	0.30	0.00	1.68	3.55	1.44
ONTIC	2.00	18 Cr	16.67	4.74	0.00	28.99	35.59	22.54
BLUECHIP	3.21	18 Cr	—	0.00	0.00	48.27	-38.59	-56.43

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Revenue	0.36	1.98	0.40	0.86	0.32	0.74	0.44	0.27	0.31	0.32
Expenses	0.11	0.18	0.34	1.22	0.09	0.16	0.24	0.41	0.16	0.61
Interest	0.13	0.12	0.08	-0.01	0.00	0.03	0.03	0.00	0.00	0.00
Financing Profit	0.12	1.68	-0.02	-0.35	0.23	0.55	0.17	-0.14	0.15	-0.29
Financing Margin %	33.33	84.85	-5.00	-40.70	71.88	74.32	38.64	-51.85	48.39	-90.62
Other Income	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.02	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit Before Tax	0.12	1.68	-0.01	-0.34	0.23	0.55	0.17	-0.12	0.15	-0.29
Tax %	25.00	10.71	0.00	-29.41	26.09	5.45	23.53	8.33	26.67	0.00
Net Profit	0.09	1.50	-0.01	-0.44	0.17	0.52	0.13	-0.11	0.11	-0.30
EPS in Rs	0.15	2.51	-0.02	-0.73	0.29	0.86	0.22	-0.18	0.18	-0.49
Gross NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net NPA %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Revenue	10	13	6.86	1.78	1.47	2.50	3.25	3.67	1.78	1.76
Expenses	9.10	13	6.77	1.45	0.62	1.84	2.73	1.79	0.90	0.97
Interest	0.03	0.04	0.01	0.26	0.37	0.30	0.46	0.29	0.07	0.06
Financing Profit	1.18	0.40	0.09	0.06	0.49	0.36	0.06	1.59	0.82	0.73
Financing Margin %	11.46	3.01	1.26	3.61	33.41	14.29	2.00	43.38	45.89	41.48
Other Income	0.00	0.00	0.00	0.00	0.01	0.01	0.00	0.01	0.02	NaN
Depreciation	0.02	0.02	0.02	0.02	0.00	0.01	0.00	0.00	0.00	0.00
Profit Before Tax	1.16	0.38	0.07	0.04	0.50	0.36	0.07	1.60	0.83	0.75
Tax %	213.47	308.62	191.86	75.04	240.73	327.00	-1,105.86	465.31	724.83	13.33
Net Profit	0.62	0.26	0.03	-0.01	0.29	0.25	0.07	1.26	0.72	0.65
EPS in Rs	1.64	-0.08	-0.01	0.04	0.48	0.41	-0.18	1.91	1.19	-0.27
Dividend Payout %	412.00	172.00	—	—	—	—	—	—	—	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Reserves	4.58	5.35	5.48	5.34	5.33	5.69	6.00	6.09	7.66	8.38
Borrowings	0.50	0.00	0.01	3.00	4.26	3.01	4.75	6.44	0.00	0.00
Other Liabilities	0.11	1.02	0.15	0.13	0.27	0.35	0.40	0.27	0.50	0.33
Total Liabilities	11	12	12	14	16	15	17	19	14	15
Fixed Assets	0.10	0.08	0.08	0.06	0.03	0.03	0.02	0.02	0.02	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.13	0.12	0.13	0.12	0.20	0.19	0.00	0.75
Other Assets	11	12	11	14	16	15	17	19	14	14
Total Assets	11	12	12	14	16	15	17	19	14	15

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.50	0.55	0.21	-2.68	-1.38	1.60	-2.05	-1.72	6.47	-0.04
Cash from Investing Activity	0.01	-0.06	-0.01	0.01	0.01	-0.00	0.00	0.00	0.08	0.00
Cash from Financing Activity	0.50	-0.50	-0.18	2.81	1.26	-1.24	1.73	1.70	-6.44	0.00
Net Cash Flow	0.00	-0.00	0.02	0.14	-0.11	0.36	-0.32	-0.03	0.11	-0.04

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Nov 2025
Promoters	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.33%	55.25%	55.25%	55.25%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	44.67%	44.67%	44.67%	44.67%	44.67%	44.67%	44.67%	44.67%	44.67%	44.75%	44.75%	44.75%
Total Shareholders	11,839	11,792	11,765	11,801	12,138	12,143	12,312	12,584	12,517	12,438	12,380	12,333

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 17, 2025	Giriraj stock broking private...	Bulk	Buy	32.41	0.14 Cr	44,473	0.74
Nov 17, 2025	Gsb securities	Insider - Promoter	Disposal	13.00	0.74 Cr	5,70,000	9.5
Nov 17, 2025	Neelam ramakant biyani	Insider - Promoter	Disposal	13.00	1.65 Cr	12,69,434	21.16
Nov 17, 2025	Ramakant sagarmal biyani	Insider - Promoter	Disposal	13.00	1.92 Cr	14,75,386	24.59
Nov 14, 2025	Giriraj stock broking private...	Bulk	Buy	31.35	0.24 Cr	75,000	1.25
Nov 14, 2025	Trinity realty & fininvest co...	Bulk	Sell	31.35	0.16 Cr	50,000	0.83
Nov 13, 2025	Giriraj s	Bulk	Buy	32.00	0.19 Cr	60,000	1
Nov 13, 2025	Trinity r	Bulk	Sell	32.00	0.13 Cr	40,000	0.66
Nov 12, 2025	Giriraj stock broking private...	Bulk	Buy	30.89	0.15 Cr	49,480	0.82
Sep 30, 2025	L7 hitech private limited	Bulk	Buy	40.85	0.24 Cr	57,842	0.96

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

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Documents

Presentations

Concalls

Reports

Presentations

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Overview

Detailed Summary

GSB Finance Ltd, formerly known as Ravi Cement Ltd, primarily engages in providing financial services, investments, and has a focus on trading in shares and securities.

The company, initially a prospective mini-cement plant, shifted towards financial services due to a recession in the cement industry, a strategic pivot that demonstrates adaptability.

GSB Finance underwent a significant transformation in the early 90s, with expert financial professionals joining the board and a consequent change in focus to finance-oriented services.

Despite market challenges, the company demonstrated an ability to rebound with a profit in 1998-99 following a loss the previous year, showcasing resilience.

The company re-aligned its financial strategies in 1999-2000, notably with a change in inventory valuation policy that impacted profits, reflecting their agility in financial management.

Sector

Finance

Industry

Finance - Small

Market Cap

20 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

20.4

PEG Ratio

—

P/B Ratio

1.4

52W High

51.75

52W Low

25.00

Sales CAGR

-51.63%

-10.70%

0.02%

10Y

-21.02%

Profit CAGR

-54.14%

42.58%

—

10Y

18.23%

ROE

TTM

-1.14%

5.89%

4.54%

10Y

3.29%

ROCE

TTM

-0.47%

7.13%

6.20%

10Y

5.04%

Gsb Finance Ltd

GSB Finance Ltd

GSBFIN

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Investment Checklist

Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Technicals

Oscillators

Neutral

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Forecasts

Peers

Price Chart Comparison

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Standalone Profit Loss (in ₹ Crores)

Standalone Balance Sheet (in ₹ Crores)

Standalone Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

AI Mode

AI Mode

Forecasts

GSB Finance Ltd

GSBFIN

AI Mode

Projection

Peers

Price Chart Comparison

Announcements

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Investment Checklist