Gujarat Lease Financing Ltd

Gujarat Lease Financing Ltd (GLFL)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return15.51 %
3 Month Return6.34 %
1 Year Return17.54 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 404
Rank 420
Rank 448
Dividend Yield
Rank 112
Rank 722
Price To Book Ratio
Rank 301
Debt To Asset
Rank 10

Company Information

Gujarat Lease Financing GLFL was formed in Jul.83 as a whollyowned subsidiary of the Gujarat Industrial Investment Corporation GIIC to provide financial services for allround development of industries in and around Gujarat. The company commenced operations in 1985 and went public in 1990 reducing GIICs stake to 51. In 1994 GIIC entered into a jointsector agreement with the Torrent group and reduced its stake to 26 with the Torrent group holding 25.GLFL also undertakes investment banking and securitiesrelated credit. With a plan to diversify during 199192 the merchant banking division became operational and the company was registered as a categoryI merchant banker with the SEBI. GLFL has also entered housing finance with the launch of GLFL Housing Finance in Mar.93 and got it recognised by the National Housing Board. GLFL Securities a fullyowned subsidiary of GLFL has the corporate membership of the BSE and the NSE in the debt as well as capital market segments and also trades on the Ahmedabad Stock Exchange. To venture into real estate development GLFL Realities was incorporated in 1995. GLFL International was also established in the same year to set up branches in Singapore and Dubai. In 199596 the retail finance division started a scheme for financing commercial vehicles.The High court of Gujarat has approved the company for Scheme of Compromise and Arrangement for Debenture HoldersSeries E Fand the company has made adequate arrangement of fund to pay the liabilities of Rs.5713 lacs to the E F Debenture Holders.
OrganisationGujarat Lease Financing Ltd