GHCL Ltd

₹ 495 1.64%
02 Feb 1:37 p.m.
About

GHCL Limited is engaged in manufacturing of soda ash and home textiles. [1]

Key Points

Product Portfolio
Soda Ash - light and dense soda ash used in soap detergent and glass manufacturing & Refined Sodium Bicarbonate used in industries like food dyes, poultry and animal feed, and a lot more.
Textiles - Rekoop, Rekoop 2.0, Cirkularity, Meditasi used to produce sheet sets, cover sets, comforters, Wood Wheel, Hydro-Bliss, and Youth- Renew range, and many more.
A new range of Earthology launched in FY21, includes Eco Cotton, Eco Corn Cotton, and Eden Dyes.
Consumer Products Division - edible salt, honey, and spices. [1]

  • Market Cap 4,732 Cr.
  • Current Price 495
  • High / Low 709 / 385
  • Stock P/E 4.25
  • Book Value 376
  • Dividend Yield 2.06 %
  • ROCE 25.9 %
  • ROE 23.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 28.6 to 22.2 days.

Cons

  • The company has delivered a poor sales growth of 6.30% over past five years.
  • Promoter holding is low: 19.0%

* 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.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
840 750 452 807 708 721 698 803 1,005 1,273 1,365 1,381 1,282
666 594 376 647 527 530 540 634 756 870 942 947 914
Operating Profit 174 156 76 159 180 191 158 169 249 403 423 434 368
OPM % 21% 21% 17% 20% 26% 26% 23% 21% 25% 32% 31% 31% 29%
-1 1 4 10 18 5 19 20 12 10 75 1 11
Interest 26 34 28 24 16 16 15 15 15 18 12 11 11
Depreciation 33 35 33 33 29 28 28 29 30 29 30 32 32
Profit before tax 115 88 19 112 154 152 134 144 216 366 456 392 336
Tax % 16% 4% 32% 25% 23% 27% 23% 24% 25% 26% 22% 25% 25%
Net Profit 97 85 13 84 118 111 103 110 163 271 355 293 251
EPS in Rs 9.87 8.93 1.36 8.89 12.37 11.70 10.80 11.53 17.08 28.45 37.17 30.61 26.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,568 1,958 2,254 2,201 2,356 2,531 2,784 2,919 3,341 3,305 2,491 3,778 5,301
1,305 1,602 1,847 1,767 1,828 1,901 2,103 2,313 2,582 2,576 1,886 2,797 3,673
Operating Profit 263 356 407 434 528 629 681 607 759 729 605 982 1,628
OPM % 17% 18% 18% 20% 22% 25% 24% 21% 23% 22% 24% 26% 31%
20 9 -50 -26 -15 -3 37 38 16 16 18 58 96
Interest 152 213 179 183 171 165 137 127 127 120 74 64 52
Depreciation 100 106 82 82 85 82 86 110 117 131 111 117 123
Profit before tax 31 46 96 143 257 380 495 407 531 495 437 859 1,549
Tax % 131% 3% 26% 24% 29% 32% 23% 13% 34% 20% 25% 25%
Net Profit -10 44 71 109 182 258 380 356 351 397 326 647 1,170
EPS in Rs -0.96 4.45 7.14 10.85 18.19 25.77 38.04 36.58 35.76 41.74 34.32 67.82 122.44
Dividend Payout % -209% 45% 28% 18% 12% 0% 13% 14% 14% 7% 16% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 4%
TTM: 64%
Compounded Profit Growth
10 Years: 32%
5 Years: 11%
3 Years: 23%
TTM: 144%
Stock Price CAGR
10 Years: 29%
5 Years: 10%
3 Years: 38%
1 Year: 4%
Return on Equity
10 Years: 22%
5 Years: 20%
3 Years: 19%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
100 100 100 100 100 100 99 97 98 95 95 95 96
Reserves 445 382 467 487 670 936 1,247 1,513 1,827 2,054 2,389 2,990 3,502
1,915 1,795 1,558 1,486 1,324 1,365 1,463 1,322 1,302 1,254 782 788 509
599 689 755 941 758 548 694 695 767 766 712 1,122 703
Total Liabilities 3,060 2,967 2,880 3,014 2,851 2,949 3,504 3,628 3,995 4,169 3,978 4,995 4,810
2,170 2,067 1,875 1,869 1,934 2,049 2,410 2,502 2,591 2,664 2,675 2,474 2,528
CWIP 19 40 32 12 7 37 26 74 117 122 81 213 273
Investments 5 9 5 7 2 15 9 10 12 9 15 17 182
865 850 967 1,125 909 848 1,059 1,043 1,275 1,375 1,207 2,292 1,827
Total Assets 3,060 2,967 2,880 3,014 2,851 2,949 3,504 3,628 3,995 4,169 3,978 4,995 4,810

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
161 399 484 452 416 509 458 590 530 624 621 643
-17 -39 -175 -117 -127 -249 -375 -279 -271 -206 -109 -337
-139 -360 -315 -323 -296 -252 -113 -308 -258 -339 -569 -98
Net Cash Flow 5 1 -6 13 -8 8 -30 2 1 80 -57 209

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 45 41 46 63 38 26 36 29 32 30 33 22
Inventory Days 221 144 160 227 193 194 187 182 199 198 245 204
Days Payable 165 144 175 233 155 110 107 109 106 102 121 74
Cash Conversion Cycle 101 41 32 57 76 110 117 101 125 126 158 152
Working Capital Days 70 35 40 32 31 23 42 39 55 56 91 103
ROCE % 7% 11% 15% 17% 22% 25% 24% 19% 21% 19% 16% 26%

Shareholding Pattern

Numbers in percentages

14 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
19.18 19.26 19.26 19.26 19.24 19.18 19.07 19.07 19.07 19.03 19.03 19.05
14.71 14.45 14.32 14.69 15.96 17.23 16.61 16.31 15.42 18.50 22.40 24.38
20.52 20.76 21.19 21.48 21.04 20.91 19.49 19.04 19.08 15.59 11.82 11.06
45.59 45.53 45.23 44.57 43.76 42.68 44.83 45.58 46.43 46.89 46.74 45.50

* 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.

Click on the line-items to see the names of individual entities.

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