Galaxy Surfactants (GALAXYSURF) had a P/E of 21.9× on 6 Nov 2026, below the industry P/E of 22.1×, and the shares are 19% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales grew 5.7% a year over 3 years while net profit fell 11%. It has almost no debt, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹7,726 Cr, ranked 28th of 204 Specialty Chemicals companies by market cap; the shares fell 4.7% over the past year.
- ₹2,161.00
- ₹2,185.10
- ₹2,117.10
- ₹2,163.10
- 28.7K
Health check
- ReturnsBehind
−4.7% over a year, better than 1 of 7 peers.
- Price tagIn line
P/E 21.9 vs industry 22.1.
- GrowthSteady
Sales +5.7%, profit −11.1% a year over 3 years.
- ProfitabilityWeak
ROCE 12.2% vs peer median 24.4%.
- Balance sheetSolid
Debt 0.09× equity, interest covered 21.2×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,726 Cr
- Small cap
- P/E
- 21.9
- Industry 22.1
- Price to book
- 2.81
- Peers 13.33
- Dividend yield
- 0.97%
- ROE
- 10.5%
- Peers 23.0%
- ROCE
- 12.2%
- Peers 24.4%
- Debt to equity
- 0.09
- Debt ₹235 Cr
- EPS (TTM)
- ₹99.57
- Face value ₹10
- OPM (TTM)
- 10.4%
- Net margin 6.2%
- Sales growth
- +39.4%
- Latest quarter vs a year ago
- Profit growth
- +108.7%
- Latest quarter vs a year ago
- Price to sales
- 1.34
- EV/EBITDA 13.0
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly profit up 108.7% on a year ago.
- Quarterly sales up 39.4% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About Galaxy Surfactants
Galaxy Surfactants Limited manufactures and sells surfactants and other specialty ingredients for the personal and home care industry in India and internationally. It offers emollients, fatty alcohol sulfates and ether sulfates, fatty alcohol ethoxylates and labsa, foam and viscosity boosters, mild surfactants, pearlizers, surfactant blends, syndets and transparent bathing bars, sun protection, functional actives, and preservatives and blends products for…
- Headquarters
- Navi Mumbai
- Employees
- 1,723
- Sector
- Basic Materials
- ISIN
- INE600K01018
- Website
- galaxysurfactants.com
Price range
- Avg volume (3M)
- 67.4K
- 1-year return
- minus 4.7%
- From 52-week high
- minus 19.2%
Analyst consensus
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| GALAXYSURFGalaxy Surfactants | 2,179.10 | plus 0.74% | 7,726 | 21.9 | 15.1 | 12.2% | 10.4% | 0.09 | 5.7% | minus 4.7% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,278 | 1,326 | 1,329 | 1,315 | 1,782 | |
| 1,154 | 1,216 | 1,210 | 1,193 | 1,533 | |
| 124 | 111 | 119 | 122 | 249 | |
| 9.7% | 8.3% | 9.0% | 9.3% | 14.0% | |
| 11.2 | 5.9 | 4.8 | 0.3 | 3.3 | |
| 6.6 | 7.3 | 8.5 | 8.5 | 9.3 | |
| 29.3 | 29.9 | 30.7 | 33.2 | 36 | |
| – | – | −11.9 | – | – | |
| 99.2 | 79.2 | 73 | 80.2 | 207 | |
| 19.9% | 16.0% | 19.3% | 22.1% | 19.9% | |
| 79.5 | 66.5 | 59 | 62.4 | 166 | |
| 22.42 | 18.75 | 16.61 | 17.55 | 46.66 |
Profit & loss
- Sales CAGR 3Y
- +5.7%
- Profit CAGR 3Y
- −11.1%
- EPS CAGR 3Y
- −11.2%
- ROE
- 10.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4,429 | 3,765 | 4,198 | 5,227 | |
| – | minus 15.0% | +11.5% | +24.5% | |
| 3,857 | 3,302 | 3,713 | 4,748 | |
| 572 | 463 | 486 | 479 | |
| 12.9% | 12.3% | 11.6% | 9.2% | |
| 5.3 | 32.9 | 10.2 | 3.9 | |
| 18.4 | 19.7 | 10.2 | 16.4 | |
| 83.4 | 99.8 | 110 | 123 | |
| −2.8 | −1 | 5 | −11.5 | |
| 473 | 375 | 380 | 332 | |
| 19.4% | 19.7% | 19.9% | 19.4% | |
| 381 | 301 | 305 | 267 | |
| – | minus 20.9% | +1.1% | minus 12.3% | |
| 107.46 | 85.03 | 86.00 | 75.34 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 35.5 | 35.5 | 35.5 | 35.5 | |
| 1,847 | 2,144 | 2,327 | 2,709 | |
| 327 | 187 | 210 | 235 | |
| 525 | 548 | 889 | 894 | |
| 2,734 | 2,915 | 3,462 | 3,874 | |
| 1,077 | 1,156 | 1,301 | 1,351 | |
| 161 | 190 | 277 | 186 | |
| 2.2 | 2.3 | 8.7 | 4.7 | |
| 247 | 438 | 500 | 747 | |
| 1,248 | 1,128 | 1,376 | 1,586 | |
| 2,734 | 2,915 | 3,462 | 3,874 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 573 | 518 | 421 | 333 | |
| −149 | −344 | −295 | −378 | |
| −264 | −189 | −157 | −51 | |
| 160 | −14.4 | −31.4 | −95.9 | |
| −146 | −158 | −219 | −137 | |
| 427 | 360 | 202 | 196 | |
| −128 | −14.3 | −135 | −21.1 |
Shareholding pattern
- Promoters70.90%
- Public29.10%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.90% | 29.10% | 0.00 | |
| 30 Jun 2026 | 70.90% | 29.10% | 0.00 | |
| 31 Mar 2026 | 70.90% | 29.10% | minus 0.01 | |
| 31 Dec 2025 | 70.91% | 29.09% | 0.00 | |
| 30 Sep 2025 | 70.91% | 29.09% | – |
Major shareholders
Filings & events
News
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