Gulshan Polyols Ltd

Gulshan Polyols Ltd

₹ 183 0.25%
03 Jun - close price
About

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

Key Points

Business Overview:[1]
Gulshan Polyols is a manufacturer
of Ethanol/ Biofuel, Grain, Mineral
based specialty products

  • Market Cap 1,141 Cr.
  • Current Price 183
  • High / Low 211 / 122
  • Stock P/E 10.6
  • Book Value 115
  • Dividend Yield 0.16 %
  • ROCE 18.3 %
  • ROE 16.1 %
  • Face Value 1.00

Pros

  • Company's median sales growth is 15.6% of last 10 years
  • Company's working capital requirements have reduced from 15.9 days to 11.1 days

Cons

  • Company has a low return on equity of 7.64% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
302 293 308 371 406 455 440 610 515 593 542 627 551
276 282 292 360 386 431 424 583 486 557 500 542 485
Operating Profit 26 12 16 11 19 24 16 27 29 37 42 85 66
OPM % 9% 4% 5% 3% 5% 5% 4% 4% 6% 6% 8% 14% 12%
3 4 4 3 1 2 1 1 1 2 0 0 -1
Interest 2 2 4 1 4 4 7 8 9 8 8 16 8
Depreciation 7 9 10 5 9 8 8 11 10 11 11 12 11
Profit before tax 20 5 7 8 8 13 2 9 11 20 22 58 46
Tax % 25% 7% 67% 42% 23% 25% 33% 25% 33% 34% 31% 29% 18%
15 4 2 5 6 10 1 7 7 13 16 41 38
EPS in Rs 2.33 0.70 0.36 0.75 1.02 1.56 0.21 1.09 1.13 2.11 2.49 6.56 6.02
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
395 433 492 616 674 621 766 1,101 1,180 1,378 2,020 2,312
341 372 431 547 590 552 635 951 1,092 1,320 1,923 2,083
Operating Profit 54 61 60 69 84 69 131 150 88 58 97 230
OPM % 14% 14% 12% 11% 12% 11% 17% 14% 7% 4% 5% 10%
3 5 4 2 2 1 2 2 7 12 3 2
Interest 3 4 6 11 14 11 7 5 6 10 28 41
Depreciation 23 24 28 36 44 31 33 32 29 32 37 45
Profit before tax 32 38 30 24 27 27 94 115 60 28 35 145
Tax % 20% 19% 10% 23% 21% 25% 33% 26% 25% 36% 28% 26%
25 30 27 18 21 21 62 85 45 18 25 107
EPS in Rs 4.76 5.49 4.86 3.24 3.81 3.66 11.09 14.40 7.27 2.83 3.97 17.18
Dividend Payout % 12% 11% 39% 18% 15% 16% 8% 12% 6% 11% 8% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 25%
3 Years: 25%
TTM: 14%
Compounded Profit Growth
10 Years: 13%
5 Years: 12%
3 Years: 35%
TTM: 354%
Stock Price CAGR
10 Years: 13%
5 Years: 6%
3 Years: -6%
1 Year: -1%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 5 5 5 5 5 5 5 5 6 6 6
Reserves 197 229 254 268 286 301 361 530 570 584 607 712
100 148 163 182 145 101 11 112 248 349 392 313
47 54 79 58 47 51 120 126 164 217 318 272
Total Liabilities 348 436 502 513 482 457 496 774 988 1,157 1,323 1,304
142 145 198 298 273 260 241 240 279 521 718 696
CWIP 7 97 97 1 5 3 3 91 278 182 4 7
Investments 5 7 8 6 0 0 0 26 23 15 17 47
195 187 199 209 204 193 252 417 408 438 584 554
Total Assets 348 436 502 513 482 457 496 774 988 1,157 1,323 1,304

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
50 55 81 42 87 44 106 61 16 66 42 207
-11 -116 -81 -37 -17 -16 -12 -136 -247 -158 -54 -60
-2 36 -1 -4 -48 -51 -79 170 124 88 13 -121
Net Cash Flow 37 -25 -2 2 22 -23 15 95 -108 -4 0 27
Free Cash Flow 28 -62 -3 2 64 28 93 -52 -238 -113 -14 181
CFO/OP 104% 103% 143% 66% 113% 73% 93% 60% 37% 125% 48% 97%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 59 62 66 69 54 48 47 40 44 44 33 32
Inventory Days 87 76 116 84 54 89 89 69 82 62 76 0
Days Payable 36 39 68 38 21 30 55 37 42 52 60
Cash Conversion Cycle 110 99 115 115 87 108 80 72 84 54 49 32
Working Capital Days 21 30 12 15 12 31 57 26 33 27 9 11
ROCE % 12% 12% 9% 8% 9% 9% 25% 23% 9% 3% 6% 18%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Ethanol Installed Capacity
KLPD

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Calcium Carbonate Production Volume
MT
Sorbitol & Sweetener Production Volume
MT
Ethanol Sales Volume
Cr Ltr
Calcium Carbonate Market Share (National)
%
Grain Processing Production Volume (Starch)
MT
Ethanol Blending Ratio Segment Target
%
Number of Manufacturing Plants
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
66.65% 66.72% 66.72% 66.72% 66.68% 66.68% 66.71% 66.71% 66.71% 66.71% 66.80% 66.80%
0.01% 0.00% 0.00% 0.01% 0.00% 0.50% 0.00% 0.06% 0.00% 0.00% 0.00% 0.29%
3.52% 1.23% 1.20% 0.58% 0.40% 0.80% 1.11% 0.67% 0.56% 0.07% 0.00% 0.00%
29.58% 31.80% 31.77% 32.36% 32.66% 31.77% 31.88% 32.27% 32.44% 32.92% 32.90% 32.60%
0.25% 0.26% 0.31% 0.33% 0.27% 0.27% 0.30% 0.30% 0.30% 0.30% 0.30% 0.30%
No. of Shareholders 32,99734,24834,71835,99235,90938,81939,87337,96036,95436,93337,07935,805

* 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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