Gulshan Polyols Ltd
Gulshan Polyols Ltd is one of the largest manufacturers of Precipitated Calcium Carbonate and Sorbitol in India. It is a market leader with a substantial market share in the respective segments [1]
- Market Cap ₹ 1,213 Cr.
- Current Price ₹ 194
- High / Low ₹ 264 / 141
- Stock P/E 49.0
- Book Value ₹ 98.3
- Dividend Yield 0.15 %
- ROCE 6.47 %
- ROE 4.12 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Company has a low return on equity of 4.59% over last 3 years.
- 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
Sector: Alcoholic Beverages Industry: Breweries & Distilleries
Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
319 | 395 | 433 | 492 | 616 | 674 | 621 | 766 | 1,101 | 1,180 | 1,378 | 2,020 | |
273 | 341 | 372 | 431 | 547 | 590 | 552 | 636 | 951 | 1,092 | 1,320 | 1,924 | |
Operating Profit | 47 | 54 | 61 | 60 | 69 | 84 | 69 | 130 | 150 | 88 | 58 | 95 |
OPM % | 15% | 14% | 14% | 12% | 11% | 12% | 11% | 17% | 14% | 7% | 4% | 5% |
2 | 3 | 5 | 4 | 2 | 2 | 1 | 3 | 2 | 7 | 12 | 5 | |
Interest | 4 | 3 | 4 | 6 | 11 | 14 | 11 | 7 | 5 | 6 | 10 | 28 |
Depreciation | 14 | 23 | 24 | 28 | 36 | 44 | 31 | 33 | 32 | 29 | 32 | 37 |
Profit before tax | 32 | 32 | 38 | 30 | 24 | 27 | 27 | 94 | 115 | 60 | 28 | 35 |
Tax % | 14% | 20% | 19% | 10% | 23% | 21% | 25% | 34% | 26% | 25% | 36% | 28% |
27 | 25 | 30 | 27 | 18 | 21 | 21 | 62 | 85 | 45 | 18 | 25 | |
EPS in Rs | 5.37 | 4.76 | 5.49 | 4.86 | 3.24 | 3.81 | 3.66 | 11.03 | 14.40 | 7.27 | 2.83 | 3.97 |
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: | 47% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | 4% |
3 Years: | -34% |
TTM: | 112% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 57% |
3 Years: | -4% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 9% |
3 Years: | 5% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 6 |
Reserves | 167 | 197 | 229 | 254 | 268 | 286 | 301 | 372 | 530 | 570 | 584 | 607 |
94 | 100 | 148 | 163 | 182 | 145 | 101 | 11 | 112 | 248 | 349 | 393 | |
54 | 47 | 54 | 79 | 58 | 47 | 51 | 120 | 126 | 164 | 217 | 317 | |
Total Liabilities | 319 | 348 | 436 | 502 | 513 | 482 | 457 | 507 | 774 | 988 | 1,157 | 1,323 |
147 | 142 | 145 | 198 | 298 | 273 | 260 | 244 | 240 | 279 | 521 | 718 | |
CWIP | 2 | 7 | 97 | 97 | 1 | 5 | 3 | 3 | 91 | 278 | 182 | 4 |
Investments | 12 | 5 | 7 | 8 | 6 | 0 | 0 | 1 | 26 | 23 | 15 | 17 |
157 | 195 | 187 | 199 | 209 | 204 | 193 | 259 | 417 | 408 | 438 | 584 | |
Total Assets | 319 | 348 | 436 | 502 | 513 | 482 | 457 | 507 | 774 | 988 | 1,157 | 1,323 |
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 | 98 | 61 | 16 | 66 | 42 | |
-69 | -11 | -116 | -81 | -37 | -17 | -16 | -5 | -136 | -247 | -158 | -54 | |
41 | -2 | 36 | -1 | -4 | -48 | -51 | -77 | 170 | 124 | 88 | 13 | |
Net Cash Flow | 4 | 37 | -25 | -2 | 2 | 22 | -23 | 16 | 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 | 0 |
Days Payable | 52 | 36 | 39 | 68 | 38 | 21 | 30 | 55 | 37 | 42 | 52 | |
Cash Conversion Cycle | 144 | 110 | 99 | 115 | 115 | 87 | 108 | 80 | 72 | 84 | 54 | 33 |
Working Capital Days | 79 | 61 | 54 | 56 | 60 | 52 | 66 | 57 | 48 | 70 | 59 | 52 |
ROCE % | 15% | 12% | 12% | 9% | 8% | 9% | 9% | 25% | 23% | 9% | 3% | 6% |
Documents
Announcements
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Disclosure under Regulation 30A of LODR
14h - Signed MoU with Assam Govt for Rs. 50 Cr PLI on bio-ethanol over 3 years.
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Intimation Of Appointment Of Secretarial, Internal And Cost Auditor Of The Company For The Financial Year 2025-26 Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015
16h - Appointment of Secretarial Auditor and re-appointment of Cost and Internal Auditors for FY 2025-26.
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Board Meeting Outcome for Outcome Of The Board Meeting And Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31, 2025.
17h - Gulshan Polyols reports FY25 audited results with ₹2478.7L net profit and recommends 30% dividend.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Conference call scheduled on May 22, 2025, to discuss FY25 audited financial results and business outlook.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 May - Gulshan Polyols schedules May 22 post-results conference call for FY25 financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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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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Market Leadership
The company is a leading player in India's mineral and grain processing sectors. It was the first in the country to introduce the concept of an on-site PCC manufacturing plant for the Value-Added Paper (VAP) industry. [1]