GHCL Limited
NSE: GHCL · Commodity Chemicals · sector
₹378.40NSE close 2026-10-26
Key numbers
Market cap₹3,486 cr
Price₹378.40
52w high / low₹667 / ₹378
P/E6.7xSector median 15.2x
P/B1.0xSector median 1.3x
Book value₹385.5
Dividend yield3.29%Sector median 0.84%
ROE14.9%Sector median 7.2%
ROCE19.9%Sector median 9.4%
OPM24.8%Sector median 8.6%
Debt / equity0.02xSector median 0.25x
EV/EBITDA3.2xSector median 11.6x
Interest cover88.0x
Current ratio4.38x
Sales growth 3y-12.3%Sector median +1.0%
Profit growth 3y-24.6%Sector median -11.1%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 70 companies in Commodity Chemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,118 cr vs borrowings ₹62 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹348 cr → ₹62 cr).
- Operating profit covered interest 88.0x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 0.86 percentage points in a year, to 19.83% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹378.40 on 2026-10-26: -43.3% from the 52-week high, 0.0% 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 ₹758.50 · low ₹378.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 793 | 779 | 781 | 796 | 721 | 757 | 791 | 774 |
| EBITDA | 211 | 230 | 218 | 197 | 157 | 159 | 176 | 262 |
| OPM % | 26.6% | 29.5% | 27.9% | 24.8% | 21.8% | 21.0% | 22.2% | 33.9% |
| Other income | 17 | 29 | 26 | 27 | 18 | 17 | 18 | 24 |
| Net profit | 155 | 168 | 153 | 145 | 107 | 107 | 120 | 191 |
| EPS (₹) | 16.27 | 17.69 | 15.96 | 15.17 | 11.23 | 11.34 | 12.73 | 21.04 |
| Revenue YoY | -9.0% | -2.8% | +1.2% | -2.7% | ||||
| Profit YoY | -30.6% | -36.6% | -21.4% | +32.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,778 | 4,545 | 3,447 | 3,183 | 3,064 | 3,043 |
| EBITDA | 957 | 1,537 | 1,067 | 876 | 689 | 754 |
| Net profit | 634 | 1,117 | 794 | 626 | 479 | 525 |
| EPS (₹) | 66.55 | 117.45 | 166.78 | 65.72 | 50.83 | 56.34 |
| Revenue growth | +20.3% | -24.2% | -7.6% | -3.7% | -3.4% | |
| Profit growth | +76.2% | -28.9% | -21.1% | -23.5% | -15.3% | |
| Dividend / share (₹) | 5.50 | 10.00 | 17.50 | 12.00 | 12.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -12.3% | +1.7% | -3.4% |
| Net profit | -24.6% | +9.1% | -15.4% |
| EPS | -24.4% | +9.3% | – |
| Share price | – | -18.9% (2y) | -40.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,934 | 2,970 | 3,483 | 3,552 |
| Borrowings | – | 348 | 197 | 98 | 62 |
| Cash & equivalents | – | 505 | 898 | 1,080 | 1,118 |
| Total assets | – | 5,125 | 3,761 | 4,179 | 4,300 |
| Fixed assets | – | 1,719 | 1,810 | 1,807 | 1,788 |
| Capital work in progress | – | 109 | 55 | 256 | 450 |
| Investments | – | 15 | 14 | 17 | 14 |
| Receivables | – | 218 | 180 | 210 | 173 |
| Inventory | – | 772 | 651 | 626 | 597 |
| Payables | – | 243 | 220 | 165 | 280 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 639 | 899 | 797 | 638 | 681 |
| Cash from investing | -344 | -433 | -534 | -358 | -284 |
| Cash from financing | -97 | -535 | -338 | -230 | -451 |
| Capex | 0 | 358 | 107 | 315 | 264 |
| Free cash flow | 639 | 541 | 690 | 323 | 417 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 28.4% | 26.7% | 18.0% | 13.5% |
| ROCE % | – | 34.6% | 32.1% | 23.9% | 18.2% |
| Debtor days | – | 18 | 19 | 24 | 21 |
| Inventory days | – | 177 | 185 | 217 | 199 |
| Payable days | – | 56 | 63 | 57 | 94 |
| Cash conversion cycle (days) | – | 139 | 141 | 184 | 126 |
| Working capital days | – | 89 | 144 | 181 | 177 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 19.83% |
| FIIs | 21.99% |
| DIIs | 11.52% |
| of which Mutual funds | 9.69% |
| of which Insurance | 0.76% |
| Government | 0.00% |
| Public (non-institutions) | 46.66% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 19.04% | 18.97% | 18.97% | 19.83% | 19.83% | 19.87% | 19.83% | 19.83% |
| Promoter group | % |
|---|---|
| Hindustan Commercial Company Limited | 3.23% |
| Gems Commercial Company Limited | 3.19% |
| Banjax Limited | 3.03% |
| Hexabond Limited | 2.95% |
| Oval Investment Private Limited | 2.81% |
| Lhonak Enternational Private Limited | 1.48% |
| Anurag Dalmia Huf | 0.64% |
| Carissa Investment Private Limited | 0.52% |
| Harvatex Engineering And Processing Company limited | 0.45% |
| WGF Financial Services Ltd | 0.41% |
| Anurag Trading Leasing And Investment Companyprivate Ltd | 0.31% |
| Dalmia Finance Ltd | 0.22% |
| Neelabh Dalmia | 0.14% |
| Anurag Dalmia | 0.14% |
| Archana Trading And Investment Company Private Limited | 0.14% |
| Public holders above 1% | % |
|---|---|
| Ares Diversified | 5.08% |
| Dsp Small Cap Fund | 3.84% |
| Uti Large & Mid Cap Fund | 3.71% |
| Arial Holdings 1 | 3.27% |
| J.P. Financial Services Pvt Ltd | 3.04% |
| Varanasi Commercial Ltd. | 1.76% |
| Franklin India Small Cap Fund | 1.73% |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.39% |
| Aarkay Investments Pvt. Ltd. | 1.36% |
| Rajiv Kumar | 1.25% |
| Noble Communications Pvt Ltd | 1.23% |
| Atul Jain | 1.06% |
| Vanguard Total International Stock Index Fund | 1.02% |
| Elm Park Fund Limited | 1.00% |
95,849 shareholders. Pledged: 0.00% of promoter shares.
Peers in Commodity Chemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SRF | ₹69,362 cr | 30.4x | 4.5x | 16.0% | 15.2% | 21.4% | +373.5% | 0.38% |
| TATACHEM | ₹15,184 cr | – | 0.7x | -10.1% | -4.2% | -1.6% | -4.6% | 1.84% |
| DEEPAKFERT | ₹14,422 cr | 14.7x | 2.1x | 15.1% | 13.6% | 16.7% | +0.6% | 0.89% |
| GNFC | ₹7,634 cr | 7.4x | 0.8x | 11.7% | 15.2% | 14.8% | -8.7% | 3.41% |
| TANFACIND | ₹4,989 cr | 66.3x | 13.4x | 19.7% | 20.5% | 15.5% | +23.8% | – |
| GUJALKALI | ₹4,043 cr | 60.9x | 0.8x | 1.2% | 3.6% | 11.3% | -1.2% | 2.88% |
| GRAUWEIL | ₹3,537 cr | 22.1x | 3.3x | 15.9% | 19.6% | 15.3% | +6.8% | 0.64% |
| GHCL | ₹3,486 cr | 6.7x | 1.0x | 14.9% | 19.9% | 24.8% | -12.3% | 3.29% |
| JGCHEM | ₹2,190 cr | 29.1x | 4.1x | 15.1% | 19.8% | 8.9% | – | 0.18% |
| IGPL | ₹1,596 cr | 19.6x | 1.2x | 6.1% | 9.4% | 10.0% | -6.5% | 1.93% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-18 | Dividend | Dividend - Rs 12 Per Share |
| 2025-11-14 | Buyback | Buy Back |
| 2025-07-17 | Dividend | Dividend - Rs 12 Per Share |
| 2024-07-01 | Dividend | Dividend - Rs 12 Per Share |
| 2023-06-23 | Dividend | Annual General Meeting/Dividend - Rs 17.50 Per Share |
| 2023-04-06 | Restructuring | Demerger |
| 2022-06-22 | Dividend | Annual General Meeting/Dividend - Rs 10 Per Share/Special Dividend- Rs 5 Per Share |
| 2021-06-10 | Dividend | Annual General Meeting/Dividend - Rs 5.50 Per Share |
| 2020-06-26 | Other | Annual General Meeting |
| 2020-03-24 | Dividend | Interim Dividend - Rs 3 Per Share |
| 2019-05-22 | Dividend | Annual General Meeting/ Dividend - Rs 5 Per Share |
| 2018-05-23 | Dividend | Annual General Meeting/Dividend- Rs 5 Per Share |
| 2017-06-21 | Dividend | Annual General Meetin/Dividend - Rs 3.50 Per Share (Purpose Revised) |
| 2017-02-09 | Dividend | Interim Dividend Rs 1.50 Per Share |
| 2016-07-11 | Dividend | Dividend - Rs 3.50/- Per Share |
| 2015-07-15 | Dividend | Annual General Meeting/Dividend - Rs 2.20/- Per Share |
| 2014-08-07 | Dividend | Annual General Meeting/Dividend Rs.2/- Per Share |
| 2013-09-12 | Dividend | Annual General Meeting/Dividend Rs 2/- Per Share |
| 2012-09-06 | Dividend | Annual General Meeting/Dividend Rs 2 Per Share |
| 2011-08-24 | Dividend | Dividend-Rs.2/- 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
- Inorganic Chemicals: Manufacture of chemicals and chemicals products
| Sector | Commodities |
| Industry | Commodity Chemicals |
| Sub-industry | Commodity Chemicals |
| Symbol | GHCL |
| BSE code | 500171 |
| ISIN | INE539A01019 |
| Face value | ₹10.0 |
| Incorporated | 1983-10-14 |
| Website | www.ghcl.co.in |
| Plants (India / abroad) | 3 / 0 |
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.