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Gulshan Polyols Limited

Gulshan Polyols Limited

NSE: GULPOLY
ChemicalsBasic MaterialsSMALL CAPMCap ₹1.05k Cr
₹168.34₹5.20 (+3.19%)

Market Closed • NSE

Market cap₹1.05k Cr
Enterprise value₹1.30k Cr
P/E TTM7.11
P/B1.46
EPS TTM₹23.69
ROCE6.30%
D/E0.43
Dividend yield0.01%
Face value₹1.00
52W high₹227.63
52W low₹121.50
Price chart(1Y)
1Y Return:-18.44% (₹38.06)
H: ₹227.63L: ₹158.36
1W+3.15%
1M-1.58%
3M-6.91%
6M-9.20%
1Y+17.78%
Today at a glance

Day range

₹162.54₹170.80

52 week range

₹121.50₹227.63
Volume144.2K1.72x 20D avg
Free float50.00%+71.60% volume

Gulshan Polyols Limited closed at INR168.34 (+3.19%) on volume 1.72x its 20-day average, trading 26.05% below its 52-week high.

Technical analysis
RSI (14)48.7Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹5.61High
SMA 20₹166.13BULLISH
SMA 50₹178.59BEARISH
SMA 100₹186.71BEARISH
SMA 200₹173.41BEARISH
CPR bottom₹164.50
Pivot₹164.05
CPR top₹163.59
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -8.2% QoQ

2026-08-28

DIVIDEND Announced

Dividend - Rs 1.50 Per Share

2025-09-11

DIVIDEND Announced

Dividend - Re 0.30 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹312.6 Cr₹1.05k Cr29.86%≤ 33%PASS
Non-halal income ratio–₹2.31k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.28k Cr₹1.30k Cr97.87%≥ 20%PASS
Receivables ratio–₹1.30k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E7.1121.90
Forward P/E——
P/B1.462.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield14.104.60
Growth & profitability
RevenuePAT
FY23PAT margin 3.90%
FY24PAT margin 1.30%
FY25PAT margin 1.20%
FY26PAT margin 4.60%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+18.80%
Revenue CAGR 5Y+14.80%
PAT CAGR 3Y+81.20%
PAT CAGR 5Y+18.90%
Operating margin11.63%
Net margin6.25%
Financial health & cash flow
Net debt₹284.8 CrModerate
Interest coverage4.50xEBIT / interest
CFO / PAT1.86x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹207.4 Cr
Capital expenditure–
Free cash flow₹181.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation75/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.43x

High Cash Flow Conversion: CFO/PAT averaged 1.86x over last 3 years

Attractive Valuation: P/E of 7.1x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
0.29%Institutional holding
32.60%Public holding
5Periods available
0.00%Promoter pledged
35.81KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
28 Aug 2026Dividend₹1.50 / share—28 Aug 2026
11 Sept 2025Dividend₹0.30 / share—11 Sept 2025
—Annual General MeetingAnnual General Meeting—12 Sept 2024
12 Sept 2024Dividend₹0.30 / share—12 Sept 2024
—Dividend₹0.50 / share—22 Sept 2023
21 Jun 2023Bonus issue1:5 bonus ratio—21 Jun 2023
—Dividend₹1.00 / share—19 Sept 2022
17 Nov 2021Dividend₹1.00 / share—16 Nov 2021
—Dividend₹0.40 / share—08 Sept 2021
18 Nov 2020Dividend₹0.60 / share—17 Nov 2020
—Annual General MeetingAnnual General Meeting—10 Sept 2020
29 Feb 2020Dividend₹0.70 / share—27 Feb 2020
—Dividend₹0.30 / share—12 Sept 2019
21 Nov 2018Dividend₹0.40 / share—19 Nov 2018
—Dividend₹0.30 / share—23 Aug 2018
24 Nov 2017Dividend₹0.40 / share—23 Nov 2017
—Dividend₹0.30 / share—29 Jun 2017
28 Dec 2016Fv Splt Frm Rs 5 To Re 1Fv Splt Frm Rs 5 To Re 1—27 Dec 2016
12 Nov 2016Dividend₹2.00 / share—10 Nov 2016
—Dividend₹1.75 / share—16 Jun 2016
13 Nov 2015Dividend₹1.75 / share—10 Nov 2015
—Dividend₹1.75 / share—16 Jul 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)51.76%+1.45% latest vs average
Highest delivery68.14%on 24 Sept
Average volume (20D)84.1KTrading-session average
Conviction trendStrengthening+1.45% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
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JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Gulshan Polyols Limited
Gulshan Polyols Limited

Incorporated in 1981, Gulshan Polyols Ltd is a manufacturer of Ethanol and other speciality chemicals.[1]

IndiaBasic Materials

Questions investors ask
Is Gulshan Polyols Limited Shariah compliant?

Gulshan Polyols Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (29.86%) complies with AAOIFI threshold (≤ 33%).

What is Gulshan Polyols Limited's current valuation relative to peers?

Gulshan Polyols Limited trades at a P/E of 7.1x compared to the sector median of 21.9x, and a Price-to-Book of 1.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.43x. Interest coverage is 4.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 14.8% while net profit growth averaged 18.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.