GeeCee Ventures Limited (formerly Gwalior Chemical Industries Limited) is a diversified company with operations spanning real estate development, renewable energy, and financial services within India. Incorporated in 1984 and based in Mumbai, the company has strategically evolved its business model from manufacturing specialty chemicals to focusing on these key growth sectors.
The company operates through three primary segments: Real Estate, Financing Services, and Others. It is actively involved in developing residential, commercial, and affordable housing projects. Its financial services arm focuses on investing surplus funds in equity instruments, risk-free inter-corporate deposits, and interest-bearing financial instruments. Additionally, GeeCee Ventures demonstrates its commitment to sustainable energy through its wind power generation assets.
GeeCee Ventures Limited was incorporated on February 14, 1984, as Shubham Aromatics Pvt Ltd. Over the years, the company underwent several name changes, becoming Shubham Aromatics Ltd in October 1985, Gwalior Chemical Industries Ltd on May 3, 1993, and finally GeeCee Ventures Ltd on January 13, 2010.
Initially, GCVL was engaged in the manufacturing and marketing of specialty chemicals, serving both domestic and international customers in agrochemical, paints and coatings, dyes, and flavor and fragrance industries. However, the company strategically transformed its business model, pivoting to the Real Estate Sector to provide living and work environments, alongside its ventures in renewable energy and financial services.
GeeCee Ventures Ltd has a market capitalization of ₹807 Crore as of May 26, 2025, placing it in the Small Cap category as per Value Research classification. The stock currently trades at attractive valuations compared to its peers.
The P/B ratio of GeeCee Ventures Ltd stands at 1.03 times as of May 26, 2025, representing a significant 71% discount to its peers' median range of 3.51 times. Similarly, the P/E ratio is 17.26 times, a 61% discount to its peers' median range of 43.98 times, indicating potential undervaluation relative to the sector.
The company reported challenging financial results for the quarter ended March 2025. Net profit declined by 78.28% to ₹3.89 crore in Q1 FY25, compared to ₹17.91 crore in the corresponding quarter of the previous year (Q1 FY24). Sales also saw a substantial decline of 74.98%, dropping to ₹15.80 crore in Q1 FY25 from ₹63.14 crore in Q1 FY24.
Despite the challenging quarterly performance, the company demonstrated resilience on an annual basis. For the full financial year 2025, net profit rose by 25.53% to ₹46.76 crore, up from ₹37.25 crore in FY 2024. Sales also showed healthy growth, increasing by 39.66% to ₹135.02 crore in FY 2025, compared to ₹96.68 crore in FY 2024.
• Revenue (FY 2025): ₹135.02 Crore
• Net Profit (FY 2025): ₹46.76 Crore
• Revenue (Q1 FY25): ₹15.80 Crore
• Net Profit (Q1 FY25): ₹3.89 Crore
• TTM Profit After Tax: ₹47 Crore
• P/B Ratio (May 26, 2025): 1.03 times
• P/E Ratio (May 26, 2025): 17.26 times
GeeCee Ventures Ltd has delivered mixed performance across different time periods. In the last 12 months, the share price moved up by 18.03% on BSE. Over a longer horizon, the stock has shown robust growth, with a return of 43.77% in the last 3 years and a significant 197.02% gain on BSE over the same period.
The company maintains a robust infrastructure to support its diversified operations. It has a manufacturing facility located at Ankleshwar in Gujarat, alongside power plant facilities situated at Jaisalmer and Fatehgarh in Rajasthan. GeeCee Ventures has a global footprint, with major markets including the United States of America, India, Japan, Korea, and Europe.
The Wind Power Division, commissioned in 2010, operates 5.35 MW Wind Turbine Generators in Jodhpur District, Rajasthan. This renewable energy asset not only provides additional revenue streams but also aligns with global sustainable energy initiatives.
GeeCee Ventures Limited adheres to high standards of corporate governance. Ashwin Kumar Kothari serves as the Chairman and Company Secretary. Promoter holding in GeeCee Ventures Ltd has remained consistent at 67.71% as of March 2025. Notably, there is no promoter pledging in GeeCee Ventures Ltd, indicating strong financial health and confidence from the promoters.
The Board of Directors, at their meeting held on May 21, 2025, recommended a final dividend of ₹2 per equity share (i.e., 20%), subject to shareholder approval. The current dividend yield of GeeCee Ventures Ltd (GEECEE) is 0.50%.
Financially, the company is almost debt-free, a strong balance sheet position that provides significant financial flexibility and mitigates financial risk. However, the company has demonstrated a low return on equity of 5.12% over the last 3 years, suggesting there is room for improvement in capital efficiency.
GeeCee Ventures Limited presents a unique investment opportunity as a diversified entity with established interests in real estate, renewable energy, and financial services. While recent quarterly results indicate near-term challenges, its debt-free status, diversified revenue streams, and attractive valuations make it an interesting proposition for investors seeking exposure to multiple growth sectors within the Indian economy.
