Galaxy Surfactants Ltd

Galaxy Surfactants Ltd

₹ 2,222 -1.36%
21 May - close price
About

Galaxy Surfactants Ltd was Incorporated in 1986. It’s a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNC’s, Regional and Local FMCG brands.[1]
The company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries [2]

Key Points

Product Segment
The company offers 215+ products under Performance Surfactant and Specialty Care Products, covering hair care, oral care, home care, skin care, cosmetics, and toiletries. [1] [2]

  • Market Cap 7,874 Cr.
  • Current Price 2,222
  • High / Low 3,370 / 2,021
  • Stock P/E 45.3
  • Book Value 405
  • Dividend Yield 0.99 %
  • ROCE 15.4 %
  • ROE 12.2 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 27.8%

Cons

  • The company has delivered a poor sales growth of 10.9% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
793 860 870 766 683 653 713 673 706 678 782 727 814
704 781 789 663 587 572 626 594 635 611 696 672 739
Operating Profit 89 80 80 103 96 81 87 79 71 66 86 55 75
OPM % 11% 9% 9% 13% 14% 12% 12% 12% 10% 10% 11% 8% 9%
-18 -4 -2 -3 3 7 4 9 4 1 13 6 7
Interest 2 3 3 3 3 3 3 3 3 3 3 4 5
Depreciation 11 12 13 13 14 16 16 16 16 16 17 17 17
Profit before tax 58 61 62 84 80 69 73 69 56 47 79 39 59
Tax % 27% 26% 25% 25% 26% 25% 25% 25% 25% 25% 18% 25% 26%
43 46 46 62 60 52 55 52 42 36 65 29 44
EPS in Rs 12.02 12.84 13.11 17.62 16.79 14.59 15.51 14.55 11.85 10.02 18.29 8.30 12.42
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,427 1,472 1,343 1,500 1,683 1,996 1,792 1,829 2,628 3,176 2,744 3,001
1,234 1,295 1,138 1,311 1,484 1,728 1,511 1,536 2,394 2,818 2,426 2,719
Operating Profit 194 176 205 189 200 268 281 293 234 359 318 282
OPM % 14% 12% 15% 13% 12% 13% 16% 16% 9% 11% 12% 9%
8 8 9 35 13 36 5 4 -1 -6 24 26
Interest 38 31 26 21 21 20 17 8 8 12 12 17
Depreciation 33 24 23 25 28 29 40 50 44 53 63 67
Profit before tax 130 130 165 179 164 254 230 239 181 288 267 225
Tax % 35% 35% 35% 32% 32% 34% 21% 26% 26% 26% 25% 23%
84 85 107 121 112 168 182 178 134 214 200 174
EPS in Rs 23.74 24.02 30.24 34.05 31.71 47.51 51.38 50.17 37.76 60.36 56.51 49.03
Dividend Payout % 4% 17% 30% 18% 22% 17% 27% 36% 48% 36% 39% 8%
Compounded Sales Growth
10 Years: 7%
5 Years: 11%
3 Years: 5%
TTM: 9%
Compounded Profit Growth
10 Years: 7%
5 Years: -1%
3 Years: 9%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 11%
3 Years: -9%
1 Year: -13%
Return on Equity
10 Years: 18%
5 Years: 15%
3 Years: 15%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 35 35 35 35 35 35 35 35 35 35 35 35
Reserves 311 378 446 532 630 747 854 981 1,102 1,188 1,370 1,399
255 264 270 247 218 158 199 171 257 192 133 161
253 201 211 286 354 366 300 369 485 447 452 729
Total Liabilities 854 878 963 1,100 1,238 1,307 1,389 1,558 1,880 1,863 1,990 2,325
264 255 238 275 281 359 477 463 488 630 632 702
CWIP 4 5 46 10 19 40 61 116 178 84 155 254
Investments 120 120 218 216 223 256 218 217 208 200 220 213
467 498 462 599 715 651 632 761 1,006 949 983 1,156
Total Assets 854 878 963 1,100 1,238 1,307 1,389 1,558 1,880 1,863 1,990 2,325

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
135 52 198 91 103 238 212 184 46 331 238 295
-6 -14 -141 -40 -41 -126 -39 -105 -109 -104 -142 -165
-131 -36 -59 -54 -64 -110 -161 -84 59 -214 -96 -144
Net Cash Flow -2 2 -1 -3 -3 2 13 -5 -4 14 0 -13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 59 62 61 70 72 56 56 68 66 53 61 60
Inventory Days 51 50 52 69 68 56 64 86 80 55 64 74
Days Payable 72 52 64 80 92 73 72 97 81 61 71 86
Cash Conversion Cycle 38 60 50 59 48 39 48 56 64 47 53 47
Working Capital Days 37 56 52 60 63 42 53 73 70 53 62 59
ROCE % 28% 25% 27% 25% 22% 30% 24% 22% 15% 21% 19% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
70.93% 70.93% 70.93% 70.93% 70.93% 70.93% 70.92% 70.91% 70.91% 70.91% 70.91% 70.91%
2.01% 2.82% 2.78% 2.89% 2.99% 3.08% 3.61% 3.75% 3.87% 4.08% 4.19% 4.10%
13.62% 12.73% 12.72% 12.66% 12.64% 12.56% 12.43% 12.73% 12.71% 12.99% 12.98% 12.94%
13.44% 13.52% 13.59% 13.52% 13.43% 13.44% 13.03% 12.60% 12.51% 12.00% 11.91% 12.04%
No. of Shareholders 62,89563,03464,78764,03763,85863,39659,61158,02956,32852,09150,87551,956

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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