Gulshan Polyols Ltd
Incorporated in 1981, Gulshan Polyols Ltd is a manufacturer of Ethanol and other speciality
chemicals.[1]
- Market Cap ₹ 1,038 Cr.
- Current Price ₹ 166
- High / Low ₹ 264 / 141
- Stock P/E 36.9
- Book Value ₹ 98.3
- Dividend Yield 0.18 %
- ROCE 6.45 %
- ROE 4.10 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
- Company's working capital requirements have reduced from 23.9 days to 11.6 days
Cons
- Company has a low return on equity of 4.57% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|
1,101 | 1,180 | 1,378 | 2,020 | 2,158 | |
951 | 1,092 | 1,320 | 1,924 | 2,050 | |
Operating Profit | 150 | 88 | 58 | 95 | 108 |
OPM % | 14% | 7% | 4% | 5% | 5% |
2 | 7 | 12 | 5 | 5 | |
Interest | 5 | 6 | 10 | 28 | 32 |
Depreciation | 32 | 29 | 32 | 37 | 39 |
Profit before tax | 115 | 60 | 28 | 34 | 41 |
Tax % | 26% | 25% | 36% | 28% | |
85 | 45 | 18 | 25 | 28 | |
EPS in Rs | 14.40 | 7.24 | 2.85 | 3.96 | 4.51 |
Dividend Payout % | 12% | 6% | 11% | 8% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 22% |
TTM: | 40% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -34% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 32% |
3 Years: | -11% |
1 Year: | -17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Equity Capital | 5 | 5 | 6 | 6 |
Reserves | 530 | 570 | 584 | 607 |
117 | 248 | 349 | 397 | |
122 | 165 | 217 | 312 | |
Total Liabilities | 774 | 988 | 1,156 | 1,323 |
240 | 279 | 521 | 718 | |
CWIP | 91 | 278 | 182 | 4 |
Investments | 26 | 23 | 15 | 17 |
417 | 408 | 438 | 584 | |
Total Assets | 774 | 988 | 1,156 | 1,323 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
61 | 15 | 66 | 42 | |
-136 | -247 | -158 | -54 | |
170 | 124 | 88 | 13 | |
Net Cash Flow | 95 | -107 | -4 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|
Debtor Days | 40 | 44 | 44 | 33 |
Inventory Days | 69 | 82 | 62 | 76 |
Days Payable | 37 | 42 | 52 | 60 |
Cash Conversion Cycle | 72 | 84 | 54 | 49 |
Working Capital Days | 26 | 33 | 27 | 12 |
ROCE % | 9% | 3% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - Newspaper Publication of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Aug - Q1 FY26 investor presentation detailing segment-wise financials and growth outlook for Gulshan Polyols.
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Announcement under Regulation 30 (LODR)-Change in Management
7 Aug - Appointment of two non-executive directors effective Oct 1, 2025, subject to shareholder approval.
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Announcement under Regulation 30 (LODR)-Change in Management
7 Aug - Gulshan Polyols appoints TVA & Co. LLP as secretarial auditor for FY 2025-26 to FY 2029-30, subject to AGM approval.
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Board Meeting Outcome for Outcome Of The Board Meeting And Unaudited Standalone And Consolidated
Financial Results Of The Company For The Quarter Ended June 30, 2025.
7 Aug - Q1 FY26 results: standalone profit Rs.19.89cr; approved Rs.250cr fund raise via QIP/private placement.
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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Concalls
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Aug 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Mar 2025Transcript PPT REC
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Feb 2025TranscriptNotesPPT
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Jan 2023TranscriptNotesPPT
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Nov 2022TranscriptPPTREC
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Aug 2022TranscriptNotesPPT
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Mar 2022TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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Sep 2021TranscriptNotesPPT
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.