Galaxy Surfactants Ltd
NSE: GALAXYSURF · Specialty Chemicals · sector
₹2,174.90NSE close 2026-10-26
Key numbers
Market cap₹7,710 cr
Price₹2,174.90
52w high / low₹2,697 / ₹1,510
P/E21.8xSector median 22.6x
P/B2.8xSector median 2.6x
Book value₹774.3
Dividend yield0.27%Sector median 0.60%
ROE13.8%Sector median 10.6%
ROCE16.3%Sector median 12.9%
OPM10.2%Sector median 12.1%
Debt / equity0.06xSector median 0.18x
EV/EBITDA12.1xSector median 15.1x
Interest cover14.1x
Current ratio2.42x
Sales growth 3y+5.7%Sector median +5.0%
Profit growth 3y-11.1%Sector median +0.9%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 107 companies in Specialty Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹748 cr vs borrowings ₹164 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 14.1x in the last 12 months.
- 0.03% of the promoters' shares are pledged (0.0% of all shares).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹2,174.90 on 2026-10-26: -19.4% from the 52-week high, +44.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹3,113.15 · low ₹1,567.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,063 | 1,042 | 1,145 | 1,278 | 1,326 | 1,329 | 1,315 | 1,782 |
| EBITDA | 128 | 106 | 127 | 124 | 110 | 107 | 122 | 249 |
| OPM % | 12.0% | 10.1% | 11.1% | 9.7% | 8.3% | 8.1% | 9.3% | 14.0% |
| Other income | 9 | 4 | 8 | 11 | 6 | 5 | 0 | 3 |
| Net profit | 85 | 65 | 76 | 79 | 66 | 59 | 62 | 166 |
| EPS (₹) | 23.90 | 18.22 | 21.40 | 22.42 | 18.75 | 16.63 | 17.60 | 46.80 |
| Revenue YoY | +24.8% | +27.6% | +14.8% | +39.4% | ||||
| Profit YoY | -21.5% | -8.7% | -17.7% | +108.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,686 | 4,445 | 3,794 | 4,224 | 5,248 | 5,752 |
| EBITDA | 401 | 568 | 462 | 484 | 463 | 589 |
| Net profit | 263 | 381 | 301 | 305 | 267 | 354 |
| EPS (₹) | 74.12 | 107.46 | 85.03 | 86.00 | 75.41 | 99.78 |
| Revenue growth | +20.6% | -14.6% | +11.3% | +24.3% | +27.1% | |
| Profit growth | +45.0% | -20.9% | +1.1% | -12.3% | +16.1% | |
| Dividend / share (₹) | 4.00 | 36.00 | 4.00 | 40.00 | 4.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +5.7% | +13.5% | +27.1% |
| Net profit | -11.1% | -2.4% | +16.1% |
| EPS | -11.1% | -2.4% | – |
| Share price | – | -10.0% (2y) | +5.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,883 | 2,179 | 2,363 | 2,745 |
| Borrowings | – | 272 | 132 | 142 | 164 |
| Cash & equivalents | – | 248 | 437 | 514 | 748 |
| Total assets | – | 2,734 | 2,915 | 3,462 | 3,874 |
| Fixed assets | – | 915 | 966 | 1,024 | 1,165 |
| Capital work in progress | – | 139 | 158 | 262 | 181 |
| Investments | – | 0 | 0 | 0 | 1 |
| Receivables | – | 615 | 593 | 686 | 750 |
| Inventory | – | 646 | 556 | 724 | 794 |
| Payables | – | 430 | 446 | 620 | 651 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 5 | 573 | 518 | 421 | 333 |
| Cash from investing | -84 | -149 | -344 | -295 | -378 |
| Cash from financing | 59 | -264 | -189 | -157 | -51 |
| Capex | 155 | 146 | 158 | 219 | 137 |
| Free cash flow | -150 | 427 | 360 | 202 | 196 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.2% | 13.8% | 12.9% | 9.7% |
| ROCE % | – | 23.0% | 17.2% | 16.0% | 12.5% |
| Debtor days | – | 50 | 57 | 59 | 52 |
| Inventory days | – | 76 | 79 | 92 | 74 |
| Payable days | – | 51 | 63 | 78 | 61 |
| Cash conversion cycle (days) | – | 75 | 73 | 73 | 65 |
| Working capital days | – | 77 | 107 | 97 | 100 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.90% |
| FIIs | 3.94% |
| DIIs | 13.12% |
| of which Mutual funds | 11.77% |
| of which Insurance | 1.35% |
| Public (non-institutions) | 12.03% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 70.91% | 70.91% | 70.91% | 70.91% | 70.91% | 70.90% | 70.90% | 70.90% |
| Promoter group | % |
|---|---|
| Unnathan Shekhar | 11.92% |
| Shashikant Rayappa Shanbhag | 11.56% |
| Ramakrishnan Gopalkrishnan | 6.66% |
| Yash Sudhir Patil | 5.79% |
| Siddharth Sudhir Patil | 5.79% |
| Galaxy Chemicals, Partner Shekhar Unnathan | 5.47% |
| Galaxy Chemicals, Partner Gopalkrishnan Ramakrishnan | 5.47% |
| Galaxy Chemicals, Partner Late Sandhya Sudhir Patil | 5.47% |
| Galaxy Chemicals, Partner Shashikant Rayappa Shanbhag | 5.47% |
| Jayashree Ramakrishnan | 5.20% |
| Galaxy Emulsifiers Pvt Ltd | 1.53% |
| Lakshmy Shekhar | 0.36% |
| Sridhar Unnathan | 0.10% |
| K S Natarajan | 0.03% |
| Vandana Shashikant Shanbhag | 0.03% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India | 4.40% |
| Axis Mutual Fund | 3.97% |
| ICIC Prudential | 3.19% |
| Jayshree Ramesh | 1.50% |
| Abu Dhabi Investment Authority - Monsoon | 1.29% |
| Icici Lombard General Insurance Company Ltd | 1.01% |
47,318 shareholders. Pledged: 0.03% of promoter shares.
Peers in Specialty Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PIDILITIND | ₹1,50,431 cr | 56.8x | 13.9x | 25.7% | 33.4% | 24.5% | +7.4% | 1.01% |
| FLUOROCHEM | ₹46,168 cr | 75.4x | 5.9x | 8.1% | 10.0% | 25.6% | -4.2% | 0.07% |
| NAVINFLUOR | ₹39,306 cr | 49.7x | 9.9x | 23.9% | 22.2% | 33.7% | +16.8% | 0.18% |
| DEEPAKNTR | ₹19,676 cr | 25.1x | 3.4x | 14.0% | 15.3% | 15.4% | -0.4% | 0.52% |
| AETHER | ₹19,529 cr | 82.8x | 8.0x | 10.1% | 11.4% | 30.9% | +21.2% | – |
| ATUL | ₹15,762 cr | 19.8x | 2.5x | 11.9% | 16.9% | 17.9% | +7.9% | 0.47% |
| AARTIIND | ₹15,539 cr | 29.3x | 2.6x | 9.2% | 8.0% | 14.9% | +7.8% | 0.24% |
| FINEORG | ₹15,328 cr | 35.0x | 5.8x | 17.7% | 21.3% | 21.7% | -7.8% | 0.22% |
| BASF | ₹13,174 cr | 20.5x | 3.3x | 16.9% | 22.0% | 5.9% | +3.1% | 0.66% |
| GALAXYSURF | ₹7,710 cr | 21.8x | 2.8x | 13.8% | 16.3% | 10.2% | +5.7% | 0.27% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Rs 22 Per Share |
| 2025-08-01 | Dividend | Dividend - Rs 4 Per Share |
| 2025-03-20 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2024-07-26 | Dividend | Dividend - Rs 22 Per Share |
| 2023-07-28 | Dividend | Dividend - Rs 4 Per Share |
| 2023-02-20 | Dividend | Interim Dividend - Rs 18 Per Share |
| 2022-07-21 | Dividend | Dividend - Rs 18 Per Share |
| 2021-08-31 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2021-02-15 | Dividend | Interim Dividend - Rs 14 Per Share |
| 2020-03-23 | Dividend | Interim Dividend - Rs 8 Per Share Special Dividend -Rs 6 Per Share |
| 2019-08-01 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2019-04-09 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2018-08-01 | Dividend | Annual General Meeting/Dividend- Rs 7 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of chemicals and chemical products: Manufacturing of specialty organic chemicals for Home and Personal Care industry
| Sector | Commodities |
| Industry | Specialty Chemicals |
| Sub-industry | Specialty Chemicals |
| Symbol | GALAXYSURF |
| BSE code | 540935 |
| ISIN | INE600K01018 |
| Face value | ₹10.0 |
| Incorporated | 1986-05-20 |
| Website | www.galaxysurfactants.com |
| Plants (India / abroad) | 5 / 2 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.