Case study

GNRL

Gujarat Natural Resources Limited

High-risk on the numbers1y model -1.9%

Each stock's 10,000-path forecast, rendered as light.

28Score

Gujarat Natural Resources Limited (GNRL) Stock Analysis & Case Study

What the numbers say about GNRL, and the method behind each one.

Gujarat Natural Resources Limited (GNRL) trades at ₹104,on the numbers it high-risk on the numbers, a Downstox Snapshot Score of 28/100.

On the numbers, Gujarat Natural Resources Limited (GNRL) high-risk on the numbers, a Downstox Snapshot Score of 28/100, weighing expensive at 83.0× earnings, ROE of 5.5%, a 48% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

GNRL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹1,602 Cr
Current price
₹104
P/E ratio
83.0×
P/B ratio
7.65×
Book value
₹14
ROCE
7.3%
ROE
5.5%
Piotroski F-Score
5/8

How GNRL ranks against the 3,124 companies in our screener

Is GNRL overvalued? GNRL P/E vs peers

GNRL trades at 83.0× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

GNRL share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of GNRL history (8%/yr drift, 52%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
GNRL 2027₹53₹103₹201-2%
GNRL 2028₹39₹102₹265-4%
GNRL 2029₹30₹100₹329-5%
GNRL 2030₹25₹98₹389-7%
GNRL 2031₹21₹96₹436-9%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability GNRL goes up, or doubles?

48%
Higher in 1 year
Modelled chance the price is above today in 12 months
47%
Higher in 5 years
Modelled chance the price is above today in 5 years
25%
Doubles in 5 years
Modelled chance of reaching ₹211 within 5 years

The bull case for GNRL

  • Gujarat Natural Resources Limited is part of the nifty500 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹329.

The bear case & risks

  • GNRL's P/E of 83.0x is lower than 12% of the 3,124 NSE companies in our screener, as of 18 Aug 2026.
  • GNRL's return on equity of 5.5% ranks in the 31st percentile of the 3,124 NSE companies in our screener, as of 18 Aug 2026.
  • High historical volatility (52%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹30.

GNRL volatility & expected range, how bumpy is the ride?

Over the last 9.8 years GNRL compounded at 8%/year with annualized volatility of 52%. That volatility implies a 1-year 80% range of ₹53-₹201, the honest backbone behind any single price target.

GNRL price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.9%
80% range₹53-₹201
P(price ↑)48%
P(price 2×)8%
3-Year Forecast
2029
₹0
Median (P50)
5.5%
80% range₹30-₹329
P(price ↑)48%
P(price 2×)21%
5-Year Forecast
2031
₹0
Median (P50)
8.9%
80% range₹21-₹436
P(price ↑)47%
P(price 2×)25%

GNRL price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
GNRL simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds GNRL hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the GNRL price target & forecast page.

GNRL Piotroski F-Score: 5/8, how financially strong is it?

5/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. GNRL scores 5/8, mixed financial health.

GNRL MTF margin & leverage across 5 brokers

Margin Trading Facility lets you buy GNRL with part of the capital. Lower margin % = higher leverage. Rates compared across 5 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox38.09%2.6×
Zerodha50.00%2.0×
Pocketful50.00%2.0×
Fyers50.00%2.0×
Share IndiaCHEAPEST37.42%2.7×

Compare every broker on the GNRL MTF page.

About Gujarat Natural Resources Limited: sector, index & market-cap context

Gujarat Natural Resources Limited (GNRL) is a small-cap NSE-listed company, with a market capitalisation of ₹1,602 Cr. See more stocks on our screener.

How the GNRL Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Gujarat Natural Resources Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

GNRL analysis, FAQs

Is Gujarat Natural Resources Limited (GNRL) a good buy?

On the numbers, Gujarat Natural Resources Limited (GNRL) high-risk on the numbers, a Downstox Snapshot Score of 28/100, weighing expensive at 83.0× earnings, ROE of 5.5%, a 48% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is GNRL overvalued or undervalued?

GNRL trades at 83.0× earnings, expensive versus the ~22× long-run Nifty average.

What is the GNRL share price target for 2031?

GNRL's probability-weighted 2031 median target is ₹96, with an 80% range of ₹21-₹436 (10,000-path Monte-Carlo).

What is the probability GNRL doubles in 5 years?

The modelled probability of GNRL reaching ₹211 (2×) within 5 years is 25%.

What is the bull case for GNRL?

Gujarat Natural Resources Limited is part of the nifty500 universe with live, tracked fundamentals on Downstox.

What are the risks in GNRL?

GNRL's P/E of 83.0x is lower than 12% of the 3,124 NSE companies in our screener, as of 18 Aug 2026. GNRL's return on equity of 5.5% ranks in the 31st percentile of the 3,124 NSE companies in our screener, as of 18 Aug 2026. High historical volatility (52%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on GNRL

For information and education only. Downstox is a data and analytics platform, not a SEBI-registered Research Analyst or Investment Adviser. Nothing here is investment advice or a recommendation to buy, sell or hold any security. Any scores, ranks, targets or scenarios are model estimates shown with their method, not forecasts or assured outcomes. Markets carry risk; do your own research and consult a SEBI-registered adviser before investing.