Galaxy Surfactants Ltd
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]
- Market Cap ₹ 9,277 Cr.
- Current Price ₹ 2,617
- High / Low ₹ 3,370 / 2,021
- Stock P/E 30.4
- Book Value ₹ 666
- Dividend Yield 0.84 %
- ROCE 16.2 %
- ROE 13.4 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 10.2% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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1,870 | 1,799 | 2,158 | 2,432 | 2,761 | 2,595 | 2,782 | 3,684 | 4,462 | 3,792 | 4,224 | |
1,681 | 1,563 | 1,886 | 2,144 | 2,408 | 2,226 | 2,334 | 3,284 | 3,894 | 3,330 | 3,739 | |
Operating Profit | 190 | 236 | 271 | 288 | 353 | 369 | 449 | 401 | 568 | 462 | 484 |
OPM % | 10% | 13% | 13% | 12% | 13% | 14% | 16% | 11% | 13% | 12% | 11% |
2 | 6 | 10 | 10 | 5 | 6 | 11 | 13 | 10 | 35 | 26 | |
Interest | 34 | 34 | 27 | 31 | 30 | 24 | 13 | 13 | 22 | 22 | 19 |
Depreciation | 45 | 45 | 47 | 49 | 51 | 62 | 74 | 71 | 83 | 100 | 110 |
Profit before tax | 112 | 163 | 207 | 219 | 277 | 289 | 372 | 329 | 473 | 375 | 380 |
Tax % | 40% | 37% | 29% | 28% | 31% | 20% | 19% | 20% | 19% | 20% | 20% |
67 | 103 | 148 | 158 | 191 | 230 | 302 | 263 | 381 | 301 | 305 | |
EPS in Rs | 19.03 | 28.97 | 41.64 | 44.57 | 53.87 | 64.99 | 85.22 | 74.12 | 107.46 | 85.03 | 86.00 |
Dividend Payout % | 21% | 31% | 14% | 16% | 15% | 22% | 21% | 24% | 20% | 26% | 5% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 10% |
3 Years: | 5% |
TTM: | 11% |
Compounded Profit Growth | |
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10 Years: | 16% |
5 Years: | 6% |
3 Years: | 5% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | -3% |
1 Year: | -6% |
Return on Equity | |
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10 Years: | 20% |
5 Years: | 18% |
3 Years: | 16% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 |
Reserves | 342 | 412 | 539 | 683 | 841 | 1,032 | 1,266 | 1,539 | 1,847 | 2,144 | 2,327 |
451 | 412 | 393 | 348 | 298 | 396 | 289 | 421 | 327 | 187 | 210 | |
231 | 250 | 315 | 385 | 389 | 348 | 458 | 602 | 518 | 539 | 889 | |
Total Liabilities | 1,060 | 1,109 | 1,283 | 1,452 | 1,563 | 1,812 | 2,049 | 2,597 | 2,728 | 2,906 | 3,462 |
459 | 436 | 456 | 447 | 519 | 748 | 712 | 760 | 923 | 973 | 1,030 | |
CWIP | 7 | 51 | 10 | 25 | 83 | 66 | 124 | 205 | 139 | 158 | 262 |
Investments | 0 | 0 | 0 | 0 | 0 | 6 | 43 | 0 | 0 | 198 | 299 |
594 | 623 | 817 | 980 | 962 | 992 | 1,170 | 1,630 | 1,665 | 1,576 | 1,871 | |
Total Assets | 1,060 | 1,109 | 1,283 | 1,452 | 1,563 | 1,812 | 2,049 | 2,597 | 2,728 | 2,906 | 3,462 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
41 | 170 | 111 | 145 | 283 | 316 | 365 | 5 | 573 | 518 | 421 | |
-26 | -59 | -43 | -54 | -166 | -149 | -166 | -82 | -141 | -341 | -295 | |
-17 | -110 | -57 | -90 | -119 | -144 | -165 | 59 | -264 | -189 | -157 | |
Net Cash Flow | -2 | 0 | 11 | 1 | -2 | 23 | 34 | -18 | 168 | -11 | -31 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 51 | 59 | 63 | 56 | 62 | 62 | 63 | 50 | 57 | 59 |
Inventory Days | 68 | 72 | 79 | 75 | 68 | 72 | 91 | 103 | 78 | 82 | 92 |
Days Payable | 50 | 59 | 63 | 71 | 59 | 60 | 80 | 75 | 52 | 66 | 78 |
Cash Conversion Cycle | 61 | 64 | 75 | 67 | 65 | 73 | 72 | 91 | 76 | 73 | 72 |
Working Capital Days | 50 | 56 | 65 | 72 | 63 | 72 | 76 | 92 | 71 | 73 | 89 |
ROCE % | 23% | 26% | 25% | 28% | 24% | 25% | 19% | 24% | 17% | 16% |
Documents
Announcements
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Closure of Trading Window
10h - Trading window closed from July 1, 2025, till 48 hours post Q1 FY26 results announcement.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
25 Jun - Shareholders approved Galaxy Surfactants' Performance Stock Option Plan 2025 and its extension to group employees.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
25 Jun - Shareholders approve Galaxy Surfactants' Performance Stock Option Plan 2025 via postal ballot.
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Submission Of Transcript Of Investor Meet- 'Capital Market Day 2025'
19 Jun - Galaxy Surfactants outlines Vision 2030: double volumes, 2.5x EBITDA growth, expand into beauty, wellness, and developed markets.
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Submission Of Audio Recording Of Investor Meet- 'Capital Market Day 2025'
14 Jun - Audio recording of 'Capital Market Day 2025' investor meet uploaded on company website.
Annual reports
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Financial Year 2024
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Concalls
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Jun 2025Transcript PPT
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Mar 2018Transcript PPT
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]