Gemstone Investments Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L65990MH1994PLC081749 Incorporated 05 October 1994 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 531137 Public Limited Company financial services
Market Cap
₹58.54 Cr
GEMSI · BSE
Share Price
₹1.24
-0.80% today
Revenue
₹2.23 Cr
FY 2025-26 · +78.4% YoY
EBITDA
₹0.75 Cr
Margin 33.6%
Net Profit
₹0.40 Cr
FY 2025-26 · +29.0% YoY
P/E (TTM)
50.2x
P/B 0.5x
ROE
1.1%
ROCE 1.9%
Debt / Equity
0.05
Interest cover 10.8x

About Gemstone Investments Limited

Data last updated:

Gemstone Investments Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 05 October 1994 and has been in existence for over 32 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L65990MH1994PLC081749. The company has 1 GST registration on record, which is no longer active. It is a listed company as per MCA records. Its shares are listed on BSE: 531137.

The company has an authorised share capital of ₹48 Cr and a paid-up capital of ₹46.84 Cr. It is led by directors including Sudhakar Bhagawatlal Gandhi (Managing Director) and Falgun Chhaganlal Shah.

Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit No. 1212 12th Floor Of Kosha Kommercial Komplex, Podar Road Malad (East) Mumbai, Maharashtra, India – 400097.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2.23 Cr, a growth of 78.4% compared to the previous year. For the same year it recorded a net profit of ₹40 Lakh (net margin 17.9%) and EBITDA of ₹75 Lakh (EBITDA margin 33.6%). The net worth stands at ₹49.73 Cr (up 101.1% YoY). Total assets are valued at ₹53.28 Cr (up 115.5% YoY).

The company is associated with 1 brand: Gemstone. As per MCA filings, the company has open charges of ₹28.4 Lakh on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 2 cases are pending. The company has 425 deals on record (425 market trades); the latest was in March 2026. Its 5 peer companies in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 2 smaller; the largest is Duke Commerce Ltd with revenue of ₹1.25 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gemstoneltd.com.

Company details

CIN L65990MH1994PLC081749
Registration Number 081749
Incorporation Date 05 October 1994
ROC Mumbai
Listing Status Listed - Listed on BSE (531137)
Company Status Active
Compliance Status Active Compliant

Contact details

Gemstone Investments Limited's registered office is in Mumbai, Maharashtra. Its website is gemstoneltd.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Unit No. 1212 12th Floor Of Kosha Kommercial Komplex, Podar Road Malad (East) Mumbai, Maharashtra, India – 400097
  • Industry
    Financial Services, Investment & Credit NBFC, NBFC

To see the full contact details of Gemstone Investments Limited, buy the company report.

Comprehensive company report
Gemstone Investments Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Gemstone Investments operates one associated brand: Gemstone. Each brand links to its own profile.

BrandDescriptionWebsite
Investment portfolios are managed by Gemstone as a firm.gemstoneltd.com

Business activity

The main business activity of Gemstone Investments is financial and insurance service. In detail, this covers other financial activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance ServiceK8Other financial activities

To see the full business activity and turnover split of Gemstone Investments Limited, buy the company report.

Financials of Gemstone Investments Limited

FY 2025-26 filings available

Gemstone Investments Limited reported revenue of ₹2.23 Cr (up 78.4% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹2.23 Cr
+78.4% YoY
EBITDA
₹0.75 Cr
+63.0% YoY
Profit After Tax
₹0.40 Cr
+29.0% YoY
Net Worth
₹49.73 Cr
+101.1% YoY
Total Assets
₹53.28 Cr
+115.5% YoY
Total Debt
₹3.55 Cr

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2.231.252.111.190.912.032.01
Revenue growth+78.4%-40.8%+77.3%+30.8%-55.2%+1.0%-
EBITDA0.750.460.500.290.390.581.10
EBITDA margin+33.6%+36.8%+23.7%+24.4%+42.9%+28.6%+54.7%
Profit before tax0.660.450.490.280.280.520.98
Net profit0.400.310.360.240.210.380.73
Net profit margin+17.9%+24.8%+17.1%+20.2%+23.1%+18.7%+36.3%
EPS (₹)0.050.040.050.030.030.050.10
Balance sheet
Total assets53.2824.7224.4024.0523.8223.6523.32
Net worth49.7324.7324.4124.0623.8323.6223.23
Total debt3.550.000.000.000.000.030.10
Cash & bank0.171.231.660.230.320.930.25
Net working capital48.8022.1924.3824.0323.8123.4321.97
Cash flow
Cash from operations(27.18)(0.42)1.45(0.09)(0.67)0.740.83
Cash from investing(1.95)(0.01)0.000.000.170.020.30
Cash from financing28.08(0.01)(0.01)0.00(0.11)(0.07)(1.11)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.720.920.580.380.360.350.020.32
Revenue growth (YoY)+377.8%+162.9%+2800.0%+18.8%-34.6%---
Other income0.000.000.000.000.000.000.000.00
Total expenses0.480.320.800.170.200.220.130.30
EBITDA1.240.60(0.22)0.210.160.13(0.11)0.02
EBITDA margin+72.1%+65.2%-37.9%+55.3%+44.4%+37.1%-550.0%+6.3%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.060.060.020.000.000.000.000.00
Profit before tax1.180.54(0.24)0.210.160.13(0.11)0.02
Tax0.300.150.030.050.040.030.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1.720.920.580.380.360.350.020.32
Revenue growth (YoY)+377.8%+162.9%+2800.0%+18.8%-34.6%---
Other income0.000.000.000.000.000.000.000.00
Total expenses0.480.320.800.170.200.220.130.30
EBITDA1.240.60(0.22)0.210.160.13(0.11)0.02
EBITDA margin+72.1%+65.2%-37.9%+55.3%+44.4%+37.1%-550.0%+6.3%
Depreciation0.000.000.000.000.000.000.000.00
Interest0.060.060.020.000.000.000.000.00
Profit before tax1.180.54(0.24)0.210.160.13(0.11)0.02
Tax0.300.150.030.050.040.030.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2.231.252.111.190.912.032.01
Revenue growth+78.4%-40.8%+77.3%+30.8%-55.2%+1.0%-
Other income0.000.000.000.000.010.010.00
Total expenses1.480.791.610.900.521.450.91
Employee cost0.240.180.050.030.040.120.23
EBITDA0.750.460.500.290.390.581.10
EBITDA margin+33.6%+36.8%+23.7%+24.4%+42.9%+28.6%+54.7%
Depreciation0.010.000.000.010.040.060.06
Interest0.080.010.010.000.080.010.06
Profit before tax0.660.450.490.280.280.520.98
Tax0.260.140.130.040.070.140.25
Net profit0.400.310.360.240.210.380.73
Net profit margin+17.9%+24.8%+17.1%+20.2%+23.1%+18.7%+36.3%
EPS (₹)0.050.040.050.030.030.050.10
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.487.487.487.487.487.487.48
Reserves & surplus17.6517.2516.9316.5816.3516.1415.75
Shareholders' funds (net worth)49.7324.7324.4124.0623.8323.6223.23
Secured loans0.000.000.000.000.000.030.10
Unsecured loans3.550.000.000.000.000.000.00
Total debt3.550.000.000.000.000.030.10
Total liabilities53.2824.7224.4024.0523.8223.6523.32
Assets
Gross block0.150.120.120.110.110.510.60
Net block0.030.010.020.010.020.230.29
Capital work in progress0.000.000.000.000.000.000.00
Investments1.920.000.000.000.000.000.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances0.171.231.660.230.320.930.25
Loans & advances48.7621.2922.8323.9223.6322.6422.79
Total current assets48.9322.5224.4924.1523.9523.5723.04
Total current liabilities0.130.330.110.120.140.141.07
Net working capital48.8022.1924.3824.0323.8123.4321.97
Total assets53.2824.7224.4024.0523.8223.6523.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.231.660.230.320.930.250.22
Net cash from operating activities(27.18)(0.42)1.45(0.09)(0.67)0.740.83
Net cash from investing activities(1.95)(0.01)0.000.000.170.020.30
Net cash from financing activities28.08(0.01)(0.01)0.00(0.11)(0.07)(1.11)
Net change in cash(1.05)(0.44)1.44(0.09)(0.61)0.680.02
Closing cash0.171.231.660.230.320.930.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+78.4%-40.8%+77.3%+30.8%-55.2%+1.0%-
EBITDA growth+63.0%-8.0%+72.4%-25.6%-32.8%-47.3%-
PBT growth+46.7%-8.2%+75.0%0.0%-46.2%-46.9%-12.5%
Net income growth+29.0%-13.9%+50.0%+14.3%-44.7%-48.0%-
Revenue CAGR (3Y)+23.3%+11.2%+1.3%-16.0%-26.9%+1.5%-1.1%
EBITDA CAGR (3Y)+37.3%+5.7%-4.8%-35.9%-34.8%-11.3%+5.0%
Profitability & leverage
Net income margin+17.9%+24.8%+17.1%+20.2%+23.1%+18.7%+36.3%
Return on capital employed+1.9%+1.9%+2.0%+1.1%+1.5%+2.3%+4.3%
Return on net worth+1.1%+1.3%+1.4%+1.0%+0.9%+1.7%+3.1%
Debt / equity0.050.000.000.000.000.000.03
Long-term debt / equity0.000.000.000.000.000.000.01
Interest cover10.812.172.000.0022.861.925.77
Efficiency & per share
Fixed asset turnover16.5210.4218.3510.822.973.683.35
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)0.050.040.050.030.030.050.10
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)3.363.313.263.223.193.163.11

To see the full year-wise statements and ratios of Gemstone Investments Limited, buy the company report.

Board of directors of Gemstone Investments Limited

Gemstone Investments has 8 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Falgun Chhaganlal ShahDirector12 Apr 20215 Years 7 MonthsCurrent
Rajesh Babulal MaiyaniDirector07 May 20215 Years 6 MonthsCurrent
Kishor Chatrabhuj BodhaDirector31 Jan 20251 Years 9 MonthsCurrent
Dhara Chandulal ShiroyaDirector24 Apr 20251 Years 6 MonthsCurrent
Santosh Kumar DwivediDirector08 May 20242 Years 6 MonthsCurrent
Roshan Prakash MayaniDirector04 Sep 20233 Years 2 MonthsCurrent
Showing 6 of 8 current directors. View all directors

Peer comparison

Gemstone Investments Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Gemstone Investments Limitedthis company₹2.23 Cr (FY 2026)₹40 Lakh17.9%78.4%Mumbai, Maharashtra, India
Duke Commerce Ltd₹1.25 Cr (FY 2019)8.0%Kolkata, West Bengal, India
Ditya Finance Private Limited₹1.25 Cr (FY 2025)-83.0%Raipur, Chhattisgarh, India
Sangir Financial Services Pvt Ltd₹1.25 Cr (FY 2025)619.0%Kolkata, West Bengal, India
Kumkum Agencies Pvt. Ltd.₹1.24 Cr (FY 2025)75.0%Varanasi, Uttar Pradesh, India
Maroon Projects Pvt Ltd₹1.24 Cr (FY 2024)28.0%Kolkata, West Bengal, India

To see the full peer comparison of Gemstone Investments Limited, buy the company report.

Auditor

Gemstone Investments Limited is audited by RISHI SEKHRI AND ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
RISHI SEKHRI AND ASSOCIATESFY 2023128416W

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 0.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 100.00%.

Retail & Others: 100.00%
Mar 2026
QUARTER
100.00% Retail & Others
Public holding - history
Now 100.00% · Mar 2026High 100.00% · Jun 2025Low 100.00% · Jun 2025
99%99.3%99.5%99.8%100%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 100.00%Sep 2025: 100.00%Dec 2025: 100.00%Mar 2026: 100.00%100.00%100.00%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters0.00%0.00%0.00%0.00%
Public100.00%100.00%100.00%100.00%

Charges & borrowings

Open charges
₹28.4 Lakh
Satisfied charges
None
Breakdown by lending institutions
Others₹0.28 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Oct 2016100103478Others₹28.4 LakhOpen

Total charge records: 1 View all charges

Deals & funding

Gemstone Investments Limited has 425 deals on record (425 market trades); the latest was in March 2026.

Total deals
425
Market trades
425

Deals on record (5 of 425)

WhenDealAmountParties
Sep 2024Market trade₹31.1 LakhSeller: Multiplier Share and Stock Advisors Private Limited
Aug 2024Market trade₹26.4 LakhBuyer: Multiplier Share and Stock Advisors Private Limited
Seller: Multiplier Share and Stock Advisors Private Limited
Jun 2022Market trade₹28.5 LakhBuyer: an individual
Seller: Maxim Financial Services Private Limited
Jun 2022Market trade₹99.4 LakhBuyer: 2 individuals
Seller: Leadage Trading Private Limited
Mar 2022Market trade₹15.2 LakhBuyer: Anustup Trading Private Limited
Seller: Anustup Trading Private Limited

To see the full deal history of Gemstone Investments Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Gemstone Investments Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Gemstone Investments has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Gemstone Investments Limited, buy the company report.

Recent activity

Gemstone Investments Limited has 57 board changes on record since 1996: 33 appointments and 24 cessations. The latest: Jiten Talakchand Shah was appointed as Additional Director on 20 May 2026.

Appointed
Jiten Talakchand Shah was appointed as Additional Director.
Filing
Gemstone Investments Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Gemstone Investments Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Tushant Dineshbhai Shah was appointed as CFO.
Appointed
Dhara Chandulal Shiroya was appointed as Director.
Ceased
Kirti Deepak Vekaria ceased to be Director.
Appointed
Kishor Chatrabhuj Bodha was appointed as Director.
Appointed
Santosh Kumar Dwivedi was appointed as Director.
Ceased
Tarun Ramesh Brahmbhatt ceased to be Director.
Appointed
Roshan Prakash Mayani was appointed as Director.
Appointed
Kirti Deepak Vekaria was appointed as Director.
Ceased
Manali Kirit Bhuva ceased to be Director.

49 earlier events are in the company report.

Frequently asked questions

Gemstone Investments is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 05 October 1994 (32+ years old) and is registered under CIN L65990MH1994PLC081749. Listed on BSE: 531137.

Gemstone Investments reported revenue of ₹2.23 Cr for FY 2025-26 (up 78.4% YoY) based on standalone financials.

Gemstone Investments has 8 current directors:

The latest financial statements of Gemstone Investments on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

No. Gemstone Investments has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Gemstone Investments is L65990MH1994PLC081749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Gemstone Investments is a listed company as per MCA records. Its shares are listed on BSE (code: 531137).

Gemstone Investments has 6 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.

Gemstone Investments was incorporated on 05 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Mumbai.

Gemstone Investments has 425 deals on record (425 market trades); the latest was in March 2026.

The peers of Gemstone Investments by revenue are Duke Commerce Ltd, Ditya Finance Private Limited, Sangir Financial Services Pvt Ltd, Kumkum Agencies Pvt. Ltd, Maroon Projects Pvt Ltd, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).