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 ₹ 1,011 Cr.
- Current Price ₹ 162
- High / Low ₹ 275 / 158
- Stock P/E 39.2
- Book Value ₹ 92.8
- Dividend Yield 0.31 %
- ROCE 8.68 %
- ROE 7.81 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 19.7% CAGR over last 5 years
Cons
- Company has a low return on equity of 14.0% over last 3 years.
- Company might be capitalizing the interest cost
* 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: Miscellaneous Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
268 | 277 | 319 | 395 | 433 | 492 | 616 | 674 | 621 | 766 | 1,101 | 1,180 | 1,274 | |
231 | 232 | 273 | 341 | 372 | 431 | 547 | 590 | 552 | 636 | 951 | 1,092 | 1,209 | |
Operating Profit | 37 | 45 | 47 | 54 | 61 | 60 | 69 | 84 | 69 | 130 | 150 | 88 | 65 |
OPM % | 14% | 16% | 15% | 14% | 14% | 12% | 11% | 12% | 11% | 17% | 14% | 7% | 5% |
1 | 2 | 2 | 3 | 5 | 4 | 2 | 2 | 1 | 3 | 2 | 7 | 14 | |
Interest | 3 | 4 | 4 | 3 | 4 | 6 | 11 | 14 | 11 | 7 | 5 | 6 | 9 |
Depreciation | 13 | 14 | 14 | 23 | 24 | 28 | 36 | 44 | 31 | 33 | 32 | 29 | 31 |
Profit before tax | 22 | 29 | 32 | 32 | 38 | 30 | 24 | 27 | 27 | 94 | 115 | 60 | 39 |
Tax % | 17% | 16% | 14% | 20% | 19% | 10% | 23% | 21% | 25% | 34% | 26% | 25% | |
18 | 24 | 27 | 25 | 30 | 27 | 18 | 21 | 21 | 62 | 85 | 45 | 26 | |
EPS in Rs | 3.55 | 4.78 | 5.37 | 4.76 | 5.49 | 4.86 | 3.24 | 3.81 | 3.66 | 11.03 | 14.40 | 7.27 | 4.14 |
Dividend Payout % | 6% | 9% | 8% | 12% | 11% | 39% | 18% | 15% | 16% | 8% | 12% | 6% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 14% |
3 Years: | 24% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 20% |
3 Years: | 28% |
TTM: | -40% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 29% |
3 Years: | 28% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 12% |
3 Years: | 14% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 |
Reserves | 122 | 143 | 167 | 195 | 227 | 254 | 268 | 286 | 301 | 372 | 530 | 570 | 573 |
Preference Capital | 10 | 10 | 10 | 10 | 10 | 0 | 10 | 10 | 10 | 11 | 0 | 0 | |
39 | 35 | 83 | 90 | 138 | 163 | 172 | 135 | 91 | 0 | 112 | 248 | 358 | |
42 | 47 | 64 | 59 | 66 | 79 | 68 | 57 | 61 | 130 | 126 | 164 | 175 | |
Total Liabilities | 207 | 229 | 319 | 348 | 436 | 502 | 513 | 482 | 457 | 507 | 774 | 988 | 1,112 |
106 | 98 | 147 | 142 | 145 | 198 | 298 | 273 | 260 | 244 | 240 | 279 | 526 | |
CWIP | 3 | 6 | 2 | 7 | 97 | 97 | 1 | 5 | 3 | 3 | 91 | 278 | 105 |
Investments | 0 | 0 | 12 | 5 | 7 | 8 | 6 | 0 | 0 | 1 | 26 | 23 | 96 |
98 | 124 | 157 | 195 | 187 | 199 | 209 | 204 | 193 | 259 | 417 | 408 | 384 | |
Total Assets | 207 | 229 | 319 | 348 | 436 | 502 | 513 | 482 | 457 | 507 | 774 | 988 | 1,112 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
43 | 21 | 32 | 50 | 55 | 81 | 42 | 87 | 44 | 98 | 61 | 16 | |
-17 | -8 | -69 | -11 | -116 | -81 | -37 | -17 | -16 | -5 | -136 | -247 | |
-10 | -10 | 41 | -2 | 36 | -1 | -4 | -48 | -51 | -77 | 170 | 124 | |
Net Cash Flow | 15 | 3 | 4 | 37 | -25 | -2 | 2 | 22 | -23 | 16 | 95 | -108 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 73 | 68 | 59 | 62 | 66 | 69 | 54 | 48 | 47 | 40 | 44 |
Inventory Days | 78 | 87 | 128 | 87 | 76 | 116 | 84 | 54 | 89 | 89 | 69 | 82 |
Days Payable | 38 | 44 | 52 | 36 | 39 | 68 | 38 | 21 | 30 | 55 | 37 | 42 |
Cash Conversion Cycle | 92 | 115 | 144 | 110 | 99 | 115 | 115 | 87 | 108 | 80 | 72 | 84 |
Working Capital Days | 57 | 78 | 79 | 61 | 54 | 56 | 60 | 52 | 66 | 57 | 48 | 70 |
ROCE % | 15% | 18% | 15% | 12% | 12% | 9% | 8% | 9% | 9% | 25% | 23% | 9% |
Documents
Announcements
- Closure of Trading Window 2d
-
Submission Of Supplementary Trust Deed Of GPL Employees Welfare Trust
22 Mar - Share Based Employee Benefits and Sweat Equity) Regulations, 2021, A Supplementary Trust Deed executed between Company and Trust as attached.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 19 Mar
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
12 Mar - Gulshan Polyols Limited ("the Company")has received an order against tender floated by Excise Department, Government of Madhya Pradesh for supplying of Country Liquor.
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 11 Mar
Annual reports
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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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Financial Year 2009
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Product Profile[1]
Starch, sugar, sorbitol, ethanol, calcium carbide etc.