Gulshan Polyols Ltd

Gulshan Polyols Ltd

₹ 194 -8.14%
21 May - close price
About

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]

Key Points

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]

  • Market Cap 1,209 Cr.
  • Current Price 194
  • High / Low 264 / 141
  • Stock P/E 49.0
  • Book Value 98.3
  • Dividend Yield 0.15 %
  • ROCE 6.45 %
  • ROE 4.10 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
292.23 270.18 276.38 331.62 301.54 293.47 307.83 371.08 405.59 454.56 440.47 609.76 514.88
267.32 248.86 257.34 309.60 275.92 281.65 291.61 360.35 386.28 431.05 424.23 583.03 486.00
Operating Profit 24.91 21.32 19.04 22.02 25.62 11.82 16.22 10.73 19.31 23.51 16.24 26.73 28.88
OPM % 8.52% 7.89% 6.89% 6.64% 8.50% 4.03% 5.27% 2.89% 4.76% 5.17% 3.69% 4.38% 5.61%
1.10 0.47 1.35 2.17 3.08 3.78 3.98 3.02 1.42 2.18 1.16 0.74 0.78
Interest 1.38 1.09 1.49 1.52 2.03 2.13 3.98 0.48 3.52 4.28 7.46 7.88 8.78
Depreciation 8.48 7.06 7.12 7.21 7.34 8.78 9.53 5.27 8.78 8.44 8.07 10.52 10.36
Profit before tax 16.15 13.64 11.78 15.46 19.33 4.69 6.69 8.00 8.43 12.97 1.87 9.07 10.52
Tax % 27.74% 25.29% 22.84% 23.35% 25.66% 6.61% 67.41% 42.12% 21.95% 25.37% 34.22% 25.58% 33.46%
11.67 10.19 9.09 11.85 14.37 4.38 2.17 4.63 6.58 9.69 1.22 6.75 7.01
EPS in Rs 1.97 1.63 1.46 1.90 2.30 0.70 0.35 0.74 1.05 1.55 0.20 1.08 1.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,101 1,180 1,378 2,020
951 1,092 1,320 1,924
Operating Profit 150 88 58 95
OPM % 14% 7% 4% 5%
2 7 12 5
Interest 5 6 10 28
Depreciation 32 29 32 37
Profit before tax 115 60 28 34
Tax % 26% 25% 36% 28%
85 45 18 25
EPS in Rs 14.40 7.24 2.85 3.96
Dividend Payout % 12% 6% 11% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 47%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -34%
TTM: 112%
Stock Price CAGR
10 Years: 13%
5 Years: 54%
3 Years: -3%
1 Year: 4%
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 48 70 59 52
ROCE % 9% 3% 6%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
66.65% 66.65% 66.65% 66.65% 66.65% 66.72% 66.72% 66.72% 66.68% 66.68% 66.71% 66.71%
0.54% 0.34% 0.33% 0.31% 0.01% 0.00% 0.00% 0.01% 0.00% 0.50% 0.00% 0.06%
3.30% 3.52% 3.52% 3.53% 3.52% 1.23% 1.20% 0.58% 0.40% 0.80% 1.11% 0.67%
29.29% 29.24% 29.27% 29.27% 29.58% 31.80% 31.77% 32.36% 32.66% 31.77% 31.88% 32.27%
0.23% 0.23% 0.23% 0.25% 0.25% 0.26% 0.31% 0.33% 0.27% 0.27% 0.30% 0.30%
No. of Shareholders 31,32831,35730,44729,37732,99734,24834,71835,99235,90938,81939,87337,960

* 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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