Gulshan Polyols Ltd

Gulshan Polyols Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gulshan Polyols Ltd

₹ 149 -1.05%
14 Nov - close price
gulshanindia.com BSE: 532457 NSE: GULPOLY
About

Incorporated in 1981, Gulshan Polyols Ltd is a manufacturer of Ethanol and other speciality
chemicals.[1]

Key Points

Business Overview:[1][2]
GPL is a multi-location, multi-product manufacturing company that produces starch and starch derivatives, including sorbitol, calcium carbonate, ethanol (bio-fuel), country liquor, agro-based animal feed, etc.

Website BSE NSE
  • Market Cap ₹ 930 Cr.
  • Current Price ₹ 149
  • High / Low ₹ 224 / 136
  • Stock P/E 21.8
  • Book Value ₹ 103
  • Dividend Yield 0.20 %
  • ROCE 6.31 %
  • ROE 3.92 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 4.45% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 7.97% of profits over last 3 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.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Other Agricultural Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
276 332 302 293 308 371 406 455 440 610 515 593 542
257 310 276 282 292 360 386 431 424 583 486 557 500
Operating Profit 19 22 26 12 16 11 19 24 16 27 29 37 42
OPM % 7% 7% 9% 4% 5% 3% 5% 5% 4% 4% 6% 6% 8%
1 2 3 4 4 3 1 2 1 1 1 2 0
Interest 1 2 2 2 4 1 4 4 7 8 9 8 8
Depreciation 7 7 7 9 10 5 9 8 8 11 10 11 11
Profit before tax 12 15 20 5 7 8 8 13 2 9 11 20 22
Tax % 23% 23% 25% 7% 67% 42% 23% 25% 33% 25% 33% 34% 31%
9 12 15 4 2 5 6 10 1 7 7 13 16
EPS in Rs 1.46 1.90 2.33 0.70 0.36 0.75 1.02 1.56 0.21 1.09 1.13 2.11 2.49
Raw PDF

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 TTM
319 395 433 492 616 674 621 766 1,101 1,180 1,378 2,020 2,260
273 341 372 431 547 590 552 635 951 1,092 1,320 1,923 2,125
Operating Profit 47 54 61 60 69 84 69 131 150 88 58 97 134
OPM % 15% 14% 14% 12% 11% 12% 11% 17% 14% 7% 4% 5% 6%
2 3 5 4 2 2 1 2 2 7 12 3 4
Interest 4 3 4 6 11 14 11 7 5 6 10 28 33
Depreciation 14 23 24 28 36 44 31 33 32 29 32 37 43
Profit before tax 32 32 38 30 24 27 27 94 115 60 28 35 62
Tax % 14% 20% 19% 10% 23% 21% 25% 33% 26% 25% 36% 28%
27 25 30 27 18 21 21 62 85 45 18 25 42
EPS in Rs 5.37 4.76 5.49 4.86 3.24 3.81 3.66 11.09 14.40 7.27 2.83 3.97 6.82
Dividend Payout % 8% 12% 11% 39% 18% 15% 16% 8% 12% 6% 11% 8%
Compounded Sales Growth
10 Years: 18%
5 Years: 27%
3 Years: 22%
TTM: 35%
Compounded Profit Growth
10 Years: -1%
5 Years: 3%
3 Years: -35%
TTM: 92%
Stock Price CAGR
10 Years: 8%
5 Years: 16%
3 Years: -7%
1 Year: -18%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 4%
Last Year: 4%

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 Sep 2025
Equity Capital 4 4 5 5 5 5 5 5 5 5 6 6 6
Reserves 167 197 229 254 268 286 301 361 530 570 584 607 634
94 100 148 163 182 145 101 11 112 248 349 392 449
54 47 54 79 58 47 51 120 126 164 217 318 202
Total Liabilities 319 348 436 502 513 482 457 496 774 988 1,157 1,323 1,291
147 142 145 198 298 273 260 241 240 279 521 718 708
CWIP 2 7 97 97 1 5 3 3 91 278 182 4 4
Investments 12 5 7 8 6 0 0 0 26 23 15 17 18
157 195 187 199 209 204 193 252 417 408 438 584 560
Total Assets 319 348 436 502 513 482 457 496 774 988 1,157 1,323 1,291

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
32 50 55 81 42 87 44 106 61 16 66 42
-69 -11 -116 -81 -37 -17 -16 -12 -136 -247 -158 -54
41 -2 36 -1 -4 -48 -51 -79 170 124 88 13
Net Cash Flow 4 37 -25 -2 2 22 -23 15 95 -108 -4 0

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 68 59 62 66 69 54 48 47 40 44 44 33
Inventory Days 128 87 76 116 84 54 89 89 69 82 62 76
Days Payable 52 36 39 68 38 21 30 55 37 42 52 60
Cash Conversion Cycle 144 110 99 115 115 87 108 80 72 84 54 49
Working Capital Days 38 21 30 12 15 12 31 57 26 33 27 9
ROCE % 15% 12% 12% 9% 8% 9% 9% 25% 23% 9% 3% 6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
66.65% 66.65% 66.65% 66.72% 66.72% 66.72% 66.68% 66.68% 66.71% 66.71% 66.71% 66.71%
0.33% 0.31% 0.01% 0.00% 0.00% 0.01% 0.00% 0.50% 0.00% 0.06% 0.00% 0.00%
3.52% 3.53% 3.52% 1.23% 1.20% 0.58% 0.40% 0.80% 1.11% 0.67% 0.56% 0.07%
29.27% 29.27% 29.58% 31.80% 31.77% 32.36% 32.66% 31.77% 31.88% 32.27% 32.44% 32.92%
0.23% 0.25% 0.25% 0.26% 0.31% 0.33% 0.27% 0.27% 0.30% 0.30% 0.30% 0.30%
No. of Shareholders 30,44729,37732,99734,24834,71835,99235,90938,81939,87337,96036,95436,933

* 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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