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Prices as of 8 Oct 2026 close · Not investment advice

Gulshan Polyols Limited

NSE: GULPOLYOther Agricultural Products

Share price

₹159.84

-4.07% close of 8 Oct 2026

Market cap ₹959 CrP/E 6.4

Business score

How strong the business is, in one number. The parts behind it are in Pro.

75

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹959 Cr

P/E ratio

6.4

P/B ratio

1.4

ROCE

18.6%

ROE

16.1%

Dividend yield

0.9%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹214.9552-week low ₹125.32

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 9.3% over the past year, and 16.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 11.3% to 11.7% over the last four years.

Whether it grew faster than its sector

It grew 16.6% a year against a sector median of 9.9% — 6.7 percentage points faster.

Room to re-rate, or risk of de-rating

At 6.4× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 17.4×, across 5 companies. It is against its own five-year median of 29.6×, the 0th percentile of its own range.

Whether growth justifies the valuation

Priced at 0.2 times its growth rate, on earnings growth of 36%.

Profit growthPrice per ₹1 profitPer 1% growth
Gulshan Polyols Limited — this one36%/yr6.4×₹0.18
LT Foods Limited16%/yr22.2×₹1.4
KRBL Limited-3%/yr11.7×—
Gujarat Ambuja Exports Limited-3%/yr17.4×—
TruAlt Bioenergy Limited39%/yr23.4×₹0.60
Kaveri Seed Company Limited4%/yr13.6×₹3.4

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Agricultural Products), it ranks 3 of 25 on returns, 8 of 25 on growth, 14 of 25 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 18.6% on capital, ahead of 88% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years it made ₹392 crore of cash from the business but spent ₹629 crore on plant and equipment, ₹237 crore more than it made; the gap was mostly borrowed — borrowings rose from ₹112 crore to ₹318 crore. And the profit is real: of every 100 rupees it reported over 12 years, about 177 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 26 days for its cash to waiting 11 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 6 Aug 2026 · Standalone · Unaudited

Revenue

₹640 Cr

Revenue vs last year

+7.9%

Net profit

₹54 Cr

Profit vs last year

+311.6%

Net margin

8.4%

EPS

₹8.58

Earnings call transcript · 7 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹959 Cr
Prev close
₹159.84
52w High
₹228
52w Low
₹122
Enterprise value
₹1,308 Cr
Beta
1.3
Price CAGR 1y
15.0%
Price CAGR 3y
-8.0%
Price CAGR 5y
-7.0%
Price CAGR 10y
11.0%

Ratios

Return on assets
8.2%
PEG ratio
0.2
P/E ratio
6.4
P/B ratio
1.4
EV / EBITDA
5.6
Industry P/E
13.3
ROCE
18.6%
ROCE 5y average
12.0%
ROE
16.1%
Debt / Equity
0.4
Interest coverage
4.5
Dividend yield
0.9%
ROE 3y average
8.0%
ROE last year
17.0%

Annual P&L

Annual revenue
₹2,312 Cr
Annual profit
₹107 Cr
Operating margin
10.0%
Net profit margin
4.6%
EBITDA margin
10.1%
Sales growth 3y
25.1%
Sales growth 5y
24.7%
Profit growth 3y
36.0%
Profit growth 5y
12.0%
EPS
₹17.2
Sales growth TTM
9.0%
Profit growth TTM
422.0%
Dividend payout
9.0%

Quarter P&L

Sales latest quarter
₹640 Cr
Profit latest quarter
₹54 Cr
YoY quarterly sales growth
7.9%
YoY quarterly profit growth
315.4%
OPM latest quarter
13.0%

Balance Sheet

Book Value
₹120
Face Value
₹1.0
Total debt
₹318 Cr
Total cash
₹28 Cr
Borrowings
₹318 Cr
Reserves / Equity
118.7

Cash Flow

Operating cash flow
₹207 Cr
Free cash flow
₹181 Cr
FCF yield
14.6%
Net cash flow
₹27 Cr

Shareholding

Promoter holding
66.8%
FII holding
0.3%
DII holding
0.0%
Public holding
32.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
L T Foods418.2022.714,5220.72183.58.93,151.827.917.6
KRBL398.2012.09,1141.13260.773.21,495.9-5.615.2
Guj. Ambuja Exp162.9817.87,4750.18176.8171.91,594.223.512.5
TruAlt Bioenergy448.8524.63,8490.0059.31108.3626.9106.310.4
Kaveri Seed Co.710.7514.73,6560.70279.8-14.2742.5-13.515.8
A C J K Exports218.4418.32,2620.0036.6127.5663.755.115.7
Sanstar104.2347.42,0870.009.22808.8206.221.55.8
Gulshan Polyols166.637.01,0390.9053.5306.3639.97.918.6
Median146.3514.33990.009.647.8202.221.514.2

Competes with: Amir Chand Jagdish Kumar (Exports) Limited, GRM Overseas Limited, Gujarat Ambuja Exports Limited, KRBL Limited, Kaveri Seed Company Limited, LT Foods Limited, Sanstar Limited, TruAlt Bioenergy Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales293308371406455440610515593542627551640
Expenses282292360386431424583486557500542485555
Material Cost391361375410335389
Change in Inventories-4259-13-8.284.184.91
Purchases of Stock-in-Trade-0.862.752.572.173.172.68
Employee Cost121111111616
Other Expenses125123123126127143
Operating Profit12161119241627293742856685
OPM %4.035.272.894.765.173.694.385.616.177.73141213
Other Income44312111200-16
Exceptional items (within Other Income)00-0.23000
Interest24144789881687
Depreciation910598811101111121111
Profit before tax57881329112022584673
Tax %7674223253325333431291827
Net Profit4256101771316413854
EPS in Rs0.700.360.751.021.560.211.091.132.112.496.566.028.58
Diluted EPS in Rs1.132.112.496.566.028.58

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3954334926166746217661,1011,1801,3782,0202,3122,359
Expenses3413724315475905526359511,0921,3201,9232,0792,081
Material Cost1,4591,482
Change in Inventories-6442
Purchases of Stock-in-Trade0.8011
Employee Cost4249
Other Expenses486499
Operating Profit546160698469131150885897234278
OPM %141412111211171474.204.801012
Other Income354221227123-25
Exceptional items (within Other Income)0-0.23
Interest34611141175610284139
Depreciation23242836443133322932374545
Profit before tax32383024272794115602835145199
Tax %201910232125332625362826
Net Profit2530271821216285451825107147
EPS in Rs4.765.494.863.243.813.6611147.272.833.971724
Diluted EPS in Rs3.9717
Dividend Payout %12113918151681261189

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
18%
5 years
25%
3 years
25%
TTM
9%

Compounded profit growth

10 years
14%
5 years
12%
3 years
36%
TTM
422%

Stock price CAGR

10 years
11%
5 years
-7%
3 years
-8%
1 year
15%

Return on equity

10 years
10%
5 years
9%
3 years
8%
Last year
17%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4555555556.246.246.24
Reserves197229254268286301361530570584607712
Borrowings10014816318214510111112248349397318
Other Liabilities475479584751120126164217312268
Total Liabilities3484365025134824574967749881,1571,3231,304
Fixed Assets142145198298273260241240279521718696
CWIP7979715339127818247
Investments57860002623151747
Other Assets195187199209204193252417408438584554
Total Assets3484365025134824574967749881,1561,3231,304

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity50558142874410661166642207
Cash from Investing Activity-11-116-81-37-17-16-12-136-247-158-54-60
Cash from Financing Activity-236-1-4-48-51-791701248813-121
Net Cash Flow37-25-2222-231595-108-4027
Free Cash Flow28-62-32642893-52-238-113-14181

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days596266695448474044443332
Inventory Days8776116845489896982627653
Days Payable363968382130553742526038
Cash Conversion Cycle1109911511587108807284544948
Working Capital Days21301215123157263327911
ROCE %12129899252393619

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters676767676767676767676767
FIIs000.0100.5000.060000.290.32
DIIs1.231.200.580.400.801.110.670.560.07000
Public323232333232323233333333
Others0.260.310.330.270.270.300.300.300.300.300.300.30
No. of Shareholders34,24834,71835,99235,90938,81939,87337,96036,95436,93337,07935,80535,573

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +11.4% (₹143.44 → ₹159.84)Brick size ₹5.88 (fixed)Bricks 48
₹125₹150₹175₹200₹160Nov '25Feb '26Apr '26Jun '26Aug '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹159.84 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

4,00,69,324inr

2026-03-31

News

News and filings about Gulshan Polyols Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Broken Rice / FCI Rice
  • Limestone
  • Maize (Corn)

Depends on the price of

  • corn

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Fast Moving Consumer Goods
Industry
Other Agricultural Products
Classification
Fast Moving Consumer Goods › Other Agricultural Products
ISIN
INE255D01024

Business segments

  • Ethanol(Bio-Fuel)/Distillery · 70%
  • Grain Processing · 26%
  • Mineral Processing · 4%

Plants

  • Abu Road GCC Plant
  • Borgaon Ethanol & Distillery Plant
  • Dhaula Kuan GCC/GNCC Plant
  • Goalpara Ethanol Plant
  • Jhagadia Bio-Chem Unit
  • Muzaffarnagar Integrated Plant
  • Patiala On-site PCC Plant
  • Tribeni On-site Plant

News impact

Big market events that reach Gulshan Polyols Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

28 Aug 2026unspecified₹1.5
11 Sep 2025unspecified₹0.3
12 Sep 2024unspecified₹0.3
22 Sep 2023unspecified₹0.5
21 Jun 2023bonus₹0
19 Sep 2022unspecified₹1
16 Nov 2021interim₹1
8 Sep 2021unspecified₹0.4

Splits, bonuses & buybacks

  • daily-prices repair: 7 rows from NSE's archive (replace 0, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
22 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY5,70,001₹201.41
22 Jul 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL5,70,001₹201.49
22 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDSELL4,15,556₹205.09
22 Jul 2026MICROCURVES TRADING PRIVATE LIMITEDBUY4,15,556₹205.13
22 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDSELL4,07,271₹200.72
22 Jul 2026JUNOMONETA FINSOL PRIVATE LIMITEDBUY4,06,186₹200.49
22 Jul 2026QE SECURITIES LLPSELL3,73,536₹199.20
22 Jul 2026QE SECURITIES LLPBUY3,72,442₹200.56
22 Jul 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDSELL3,15,714₹203.56
22 Jul 2026SILVERLEAF CAPITAL SERVICES PRIVATE LIMITEDBUY3,15,714₹203.55

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.