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Gulshan Polyols (GULPOLY) had a P/E of 6.7× on 6 Nov 2026, below the industry P/E of 18.2×, and the shares are 30% below their 52-week high. It earns ROCE of 21% and ROE of 16%, and sales and net profit grew 25% and 33% a year over 3 years. Its dividend yield is 0.9%, and debt is 0.43× equity. It is a small-cap company with a market cap of ₹991 Cr, ranked 26th of 76 Chemicals companies by market cap; the shares rose 1.5% over the past year.

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

past year
Open
₹158.80
Day high
₹161.00
Day low
₹156.00
Prev. close
₹159.32
Volume
60K

Health check

5 good · 1 fair
  • ReturnsAhead

    +1.5% over a year, better than 5 of 7 peers.

  • Price tagCheaper

    P/E 6.7 vs industry 18.2.

  • GrowthStrong

    Sales +24.8%, profit +33.3% a year over 3 years.

  • ProfitabilityStrong

    ROCE 21.3% vs peer median 10.6%.

  • Balance sheetFair

    Debt 0.43× equity, interest covered 4.6×, Piotroski 9 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

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

Chemicals

75 listed peers. Screen the industry

Small cap

₹991 Cr, #26 of 76 in its industry by size.

Defensive

Beta 0.47 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹2,359 Cr · profit ₹148 Cr
Market cap
₹991 Cr
Small cap
P/E
6.7
Industry 18.2
Price to book
1.38
Peers 2.62
Dividend yield
0.94%
ROE
16.1%
Peers 11.7%
ROCE
21.3%
Peers 10.6%
Debt to equity
0.43
Debt ₹313 Cr
EPS (TTM)
₹23.69
Face value ₹1
OPM (TTM)
11.8%
Net margin 6.3%
Sales growth
+7.9%
Latest quarter vs a year ago
Profit growth
+306.1%
Latest quarter vs a year ago
Price to sales
0.42
EV/EBITDA 4.6

Strengths and risks

Strengths

  • Return on capital employed of 21.3%.
  • Quarterly profit up 306.1% on a year ago.
  • P/E of 6.7 against an industry P/E of 18.2.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Gulshan Polyols

Gulshan Polyols Limited engages in the mineral and grain processing, and ethanol distillery businesses in India. The company provides starch sugar products, such as sorbitol 70% solution, dextrose monohydrate, malto dextrine powder, liquid glucose, brown rice syrups, and rice syrup solids; organic sweeteners; native starches; and animal nutrition products comprising dried distillers grain solids, corn/maize gluten feed, corn germ, cattle feed/enriched…

Headquarters
Delhi
Employees
577
Sector
Basic Materials
ISIN
INE255D01024
Website
gulshanindia.com

Price range

52 weeks

₹121.50₹227.63

Today

₹156.00₹161.00
Avg volume (3M)
1.6 L
1-year return
plus 1.5%
From 52-week high
minus 30.0%

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%
GULPOLYGulshan Polyols159.36plus 0.03%9916.75.921.3%11.8%0.4324.8%plus 1.5%
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 26
593542627551640
557500542485555
36.641.985.166.184.9
6.2%7.7%13.6%12.0%13.3%
1.90.30.4−0.75.7
8.18.216.18.56.7
10.511.411.911.410.5
19.922.657.645.673.4
33.8%30.2%28.9%17.6%27.1%
13.215.840.937.553.5
2.112.536.566.028.58

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+24.8%
Profit CAGR 3Y
+33.3%
EPS CAGR 3Y
+33.4%
ROE
16.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,1621,3581,9982,261
–+16.9%+47.1%+13.1%
1,0871,3121,9142,043
74.54684.3218
6.4%3.4%4.2%9.6%
17.913.214.417.9
6.110.128.440.9
28.732.437.445.2
2.611.11.6−4.2
60.227.834.6145
24.9%36.1%28.3%26.3%
45.217.824.8107
–minus 60.7%+39.6%+332.3%
7.242.853.9717.18

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
5.26.26.26.2
570584607712
253354397318
160212312268
9881,1561,3231,304
570702720701
29418447.7
19.4316.647.4
8.521.1327.8
96.5246579520
9881,1561,3231,304

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
15.466.341.8207
−247−158−54.3−60.2
12487.613−121
−107−4.40.526.6
−254−179−56.3−26.4
−239−113−14.5181
−5.2−3.1−1.9−1.9

Shareholding pattern

Source: NSE filings
66.8%
promoters
  • Promoters66.80%
  • Public32.90%
  • Employee trusts0.30%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202666.80%32.90%0.00
30 Jun 202666.80%32.90%0.00
31 Mar 202666.80%32.90%0.00
31 Dec 202566.80%32.90%plus 0.09
30 Sep 202566.71%32.99%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you