Gulshan Polyols Ltd

About [ edit ]

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 #

Key Points [ edit ]
  • Market Cap 443 Cr.
  • Current Price 94.2
  • High / Low 110 / 19.6
  • Stock P/E 10.1
  • Book Value 69.8
  • Dividend Yield 0.74 %
  • ROCE 9.22 %
  • ROE 6.68 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 9.45% over past five years.
  • Company has a low return on equity of 6.79% for last 3 years.

Peer comparison

Sector: Chemicals Industry: Chemicals

Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
165 167 165 172 170 169 177 140 135 121 209 209
140 142 143 154 151 149 158 124 121 104 174 173
Operating Profit 25 24 22 19 19 20 19 16 14 17 35 36
OPM % 15% 15% 13% 11% 11% 12% 11% 12% 10% 14% 17% 17%
Other Income 1 0 0 1 1 0 0 -0 1 0 0 0
Interest 4 3 2 3 6 3 3 2 3 2 2 1
Depreciation 11 12 12 12 8 8 8 8 8 8 8 8
Profit before tax 11 9 8 4 6 10 8 6 3 7 25 27
Tax % 29% 31% 28% 11% 3% 25% 29% 22% 17% 28% 32% 32%
Net Profit 8 7 5 4 6 7 6 5 3 5 17 19
EPS in Rs 1.66 1.39 1.16 0.79 1.23 1.55 1.22 1.02 0.59 1.10 3.65 3.96
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
192 204 254 268 277 319 395 433 492 616 674 621 674
158 169 217 231 232 273 341 372 431 547 590 552 572
Operating Profit 34 35 37 37 45 47 54 61 60 69 84 69 102
OPM % 18% 17% 14% 14% 16% 15% 14% 14% 12% 11% 12% 11% 15%
Other Income 1 1 1 1 2 2 3 5 4 2 2 1 1
Interest 6 5 4 3 4 4 3 4 6 11 14 11 8
Depreciation 7 15 14 13 14 14 23 24 28 36 44 31 32
Profit before tax 23 15 19 22 29 32 32 38 30 24 27 27 63
Tax % 25% 13% 13% 17% 16% 14% 20% 19% 10% 23% 21% 25%
Net Profit 17 13 16 18 24 27 25 30 27 18 21 21 44
EPS in Rs 4.17 3.09 3.86 4.24 5.72 6.43 5.74 6.59 5.83 3.89 4.57 4.39 9.30
Dividend Payout % 5% 8% 6% 6% 9% 8% 12% 11% 39% 18% 15% 16%
Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:8%
TTM:3%
Compounded Profit Growth
10 Years:5%
5 Years:-4%
3 Years:-9%
TTM:85%
Stock Price CAGR
10 Years:20%
5 Years:10%
3 Years:6%
1 Year:104%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:7%
Last Year:7%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
14 14 14 14 14 14 15 15 5 15 15 14 5
Reserves 91 94 107 122 143 167 195 227 254 268 286 301 323
Borrowings 56 48 44 39 35 83 90 138 163 172 135 91 61
32 35 44 42 47 64 59 66 79 68 57 60 83
Total Liabilities 184 181 200 207 229 319 348 436 502 513 482 457 471
112 98 95 106 98 147 142 145 198 298 273 260 248
CWIP 8 5 9 3 6 2 7 97 97 1 5 3 2
Investments 1 0 0 0 0 12 5 7 8 6 0 0 0
63 77 95 98 124 157 195 187 199 209 204 193 221
Total Assets 184 181 200 207 229 319 348 436 502 513 482 457 471

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
22 22 23 43 21 32 50 55 81 42 87 44
-15 -10 -16 -17 -8 -69 -11 -116 -81 -37 -17 -16
-7 -7 -7 -10 -10 41 -2 36 -1 -4 -48 -51
Net Cash Flow -0 4 0 15 3 4 37 -25 -2 2 22 -23

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 19% 13% 14% 15% 18% 15% 12% 12% 9% 8% 9% 9%
Debtor Days 62 71 70 52 73 68 59 62 66 69 54 48
Inventory Turnover 5.97 5.78 6.31 6.44 6.11 5.09 5.36 6.12 5.01 5.27 7.03 6.00

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
58.89 58.89 58.89 59.14 59.27 59.27 63.32 63.32 63.28 68.20 68.20 68.20
4.64 4.64 4.64 4.64 4.64 3.75 3.65 3.65 3.65 0.00 0.00 0.00
0.03 0.05 0.03 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 1.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00
36.44 36.42 36.44 36.20 35.00 36.78 32.47 32.47 32.51 31.23 31.20 31.18
0.00 0.00 0.00 0.00 0.06 0.20 0.57 0.57 0.57 0.57 0.59 0.62

Documents

Add document