Gulshan Polyols Ltd

Gulshan Polyols Ltd

₹ 186 -3.06%
14 Jul - 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 1,159 Cr.
  • Current Price 186
  • High / Low 222 / 122
  • Stock P/E 27.2
  • Book Value 103
  • Dividend Yield 0.16 %
  • ROCE 6.30 %
  • ROE 3.91 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 4.43% 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

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
276 332 302 293 308 371 406 455 440 610 515 593 542
257 310 276 282 292 360 386 431 424 583 486 557 500
Operating Profit 19 22 26 12 16 11 19 24 16 27 29 37 42
OPM % 7% 7% 8% 4% 5% 3% 5% 5% 4% 4% 6% 6% 8%
1 2 3 4 4 3 1 2 1 1 1 2 0
Interest 1 2 2 2 4 0 4 4 7 8 9 8 8
Depreciation 7 7 7 9 10 5 9 8 8 11 10 11 11
Profit before tax 12 15 19 5 7 8 8 13 2 9 11 20 23
Tax % 23% 23% 26% 7% 67% 42% 22% 25% 34% 26% 33% 34% 30%
9 12 14 4 2 5 7 10 1 7 7 13 16
EPS in Rs 1.46 1.90 2.30 0.70 0.35 0.74 1.05 1.55 0.20 1.08 1.12 2.11 2.53
Raw PDF

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 2,260
951 1,092 1,320 1,923 2,126
Operating Profit 150 88 58 97 134
OPM % 14% 7% 4% 5% 6%
2 7 12 3 4
Interest 5 6 10 28 33
Depreciation 32 29 32 37 43
Profit before tax 115 60 28 34 62
Tax % 26% 25% 36% 28%
85 45 18 25 43
EPS in Rs 14.40 7.24 2.85 3.96 6.84
Dividend Payout % 12% 6% 11% 8%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 22%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -35%
TTM: 93%
Stock Price CAGR
10 Years: 12%
5 Years: -1%
3 Years: -8%
1 Year: 10%
Return on Equity
10 Years: %
5 Years: %
3 Years: 4%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 5 5 6 6 6
Reserves 530 570 584 607 634
117 253 349 392 453
122 160 217 318 197
Total Liabilities 774 988 1,156 1,323 1,291
240 279 521 718 708
CWIP 91 278 182 4 4
Investments 26 23 15 17 18
417 408 438 584 560
Total Assets 774 988 1,156 1,323 1,291

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
Free Cash Flow -52 -238 -113 -15
CFO/OP 60% 37% 125% 47%

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 9
ROCE % 9% 3% 6%

Insights

In beta
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Ethanol Installed Capacity
KLPD

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Ethanol Volume (Sales + By-products)
crore litres
Ethanol Capacity Utilization
%
Mineral Processing Installed Capacity
MTPA
Ethanol Order Book (ESY allocation from OMCs)
crore litres
Grain Processing Installed Capacity
MTPA
Number of Export Countries
countries
Number of Manufacturing Units
plants

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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