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GHCL (GHCL) had a P/E of 7.1× on 6 Nov 2026, below the industry P/E of 18.2×, and the shares are 35% below their 52-week high. It earns ROCE of 17% and ROE of 15%, and sales and net profit fell 12% and 25% a year over 3 years. It has almost no debt, and its dividend yield is 2.9%. It is a small-cap company with a market cap of ₹3,843 Cr, ranked 12th of 76 Chemicals companies by market cap; the shares fell 32% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹415.60
Day high
₹419.90
Day low
₹405.10
Prev. close
₹419.70
Volume
1.5 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    −31.9% over a year, better than 1 of 7 peers.

  • Price tagCheaper

    P/E 7.1 vs industry 18.2.

  • GrowthShrinking

    Sales −12.3%, profit −25.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.9% vs peer median 10.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flags1 to check

    35% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Chemicals

75 listed peers. Screen the industry

Small cap

₹3,843 Cr, #12 of 76 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹3,129 Cr · profit ₹540 Cr
Market cap
₹3,843 Cr
Small cap
P/E
7.1
Industry 18.2
Price to book
1.02
Peers 2.62
Dividend yield
2.88%
ROE
14.7%
Peers 11.7%
ROCE
16.9%
Peers 10.6%
Debt to equity
0.02
Debt ₹70 Cr
EPS (TTM)
₹58.58
Face value ₹10
OPM (TTM)
23.4%
Net margin 17.3%
Sales growth
+12.0%
Latest quarter vs a year ago
Profit growth
+18.7%
Latest quarter vs a year ago
Price to sales
1.23
EV/EBITDA 3.8

Strengths and risks

Strengths

  • Practically debt-free.
  • Dividend yield of 2.88%.
  • P/E of 7.1 against an industry P/E of 18.2.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About GHCL

GHCL Limited, together with its subsidiaries, manufactures and trades inorganic chemicals in India and internationally. The company offers light soda ash, a basic industrial alkali chemical used in powdered, paste, soap and detergents, pulp and paperand chemical products; dense soda ash for use in glass manufacturing, silicate, ultramarine, and other chemical industries; and refined sodium bicarbonate for use in food, food dyes, poultry and animal feed,…

Headquarters
Noida
Employees
1,037
Sector
Basic Materials
ISIN
INE539A01019
Website
ghcl.co.in

Price range

52 weeks

₹370.85₹643.45

Today

₹405.10₹419.90
Avg volume (3M)
1.3 L
1-year return
minus 31.9%
From 52-week high
minus 35.2%

Peers · Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
NAVINFLUORNavin Fluorine International9,010.00plus 1.87%46,25050.842.718.7%34.3%0.2816.5%plus 46.1%
DEEPAKNTRDeepak Nitrite1,533.60minus 0.67%20,91719.722.310.8%18.0%0.27−0.5%minus 11.9%
TATACHEMTata Chemicals607.45minus 1.36%15,475–12.4−3.0%12.2%0.36−4.8%minus 31.0%
DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp.1,155.30minus 0.69%14,59914.811.511.2%17.6%0.762.6%minus 22.7%
RPELRaghav Productivity Enhancers1,780.80plus 0.95%8,178116.0107.1–29.9%0.0223.5%plus 95.4%
GNFCGujarat Narmada Valley Fertilizers and Chemicals451.80minus 1.87%6,6396.35.410.4%14.8%0.01−8.8%minus 7.2%
ACIArchean Chemical Industries416.40minus 1.95%5,14151.323.27.7%20.0%0.28−9.2%minus 34.6%
GHCLGHCL417.10minus 0.62%3,8437.14.116.9%23.8%0.02−12.3%minus 31.9%
Median of 7 peers–−0.69%14,59935.222.310.6%18.0%0.28−0.5%−11.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26Sep 26
796–757791774808
––598615565619
–130159176209189
––21.0%22.2%27.0%23.4%
–15.616.113.623.813.2
2.4–2.61.91.61.5
26.9–28.827.527.228.7
––––53.6–
–145143160258172
––26.1%27.7%25.8%26.0%
–107106116191127
–11.2211.2612.2721.0414.02

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−12.3%
Profit CAGR 3Y
−25.5%
EPS CAGR 3Y
−25.2%
ROE
14.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,5393,4363,1763,060
–minus 24.3%minus 7.6%minus 3.7%
2,9962,5862,2972,370
1,543851879690
34.0%24.8%27.7%22.5%
1.715.83225.1
34.423.915.88.5
135102112111
87.225152.347
1,463991836642
23.7%19.9%25.3%26.4%
1,142794624472
–minus 30.5%minus 21.4%minus 24.3%
120.0683.3365.3450.15

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
95.695.795.891.9
3,8602,8833,3933,460
36121011983.3
816581578664
5,1333,7704,1854,300
1,9001,9162,1442,282
17075.1301462
1513.917.116.2
5008931,0741,111
2,548871650429
5,1333,7704,1854,300

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
856797638687
−409−534−358−291
−530−338−230−451
−82.6−74.749.9−54.5
−358−107−315−264
499691323424
−143−166−114−115

Shareholding pattern

Source: NSE filings
19.8%
promoters
  • Promoters19.83%
  • Public80.17%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202619.83%80.17%0.00
30 Jun 202619.83%80.17%minus 0.04
31 Mar 202619.87%80.13%plus 0.04
31 Dec 202519.83%80.17%0.00
12 Dec 202519.83%80.17%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you