Trading IdeasFundamentals

Gulshan Polyols Limited

NSE: GULPOLY · Other Agricultural Products · sector

₹144.36NSE close 2026-10-26

Key numbers

Market cap₹900 cr
Price₹144.36
52w high / low₹228 / ₹122
P/E6.1xSector median 12.8x
P/B1.3xSector median 1.4x
Book value₹115.2
Dividend yield0.21%Sector median 0.79%
ROE22.1%Sector median 7.3%
ROCE23.1%Sector median 8.8%
OPM11.8%Sector median 6.5%
Debt / equity0.43xSector median 0.21x
EV/EBITDA4.3xSector median 11.2x
Interest cover6.0x
Current ratio1.23x
Sales growth 3y+25.1%Sector median +11.6%
Profit growth 3y+33.2%Sector median +5.8%
PEG0.24x

Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 69 companies in Other Agricultural Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

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 ₹239.15 · low ₹127.77
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue440610515593542627551640
EBITDA1627293742856685
OPM %3.7%4.4%5.6%6.2%7.7%13.6%12.0%13.3%
Other income111200-16
Net profit1771316413854
EPS (₹)0.211.091.132.112.496.566.028.58
Revenue YoY+23.0%+2.8%+7.0%+7.9%
Profit YoY+1,103.9%+503.2%+434.8%+306.3%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ crFY22FY23FY24FY25FY26TTM
Revenue1,1011,1801,3782,0202,3122,359
EBITDA150885895229278
Net profit85451825107147
EPS (₹)16.408.732.833.9717.1823.65
Revenue growth+7.2%+16.8%+46.6%+14.5%+9.3%
Profit growth-46.8%-61.1%+40.5%+332.2%+421.9%
Dividend / share (₹)1.401.000.500.300.30
Compounded growth3 years5 yearsLast 12 months
Sales+25.1%+24.7%+9.3%
Net profit+33.2%+11.4%+422.0%
EPS+25.3%+5.2%–
Share price–-12.6% (2y)+11.9%

Balance sheet

₹ crFY22FY23FY24FY25FY26
Shareholders' equity–575590613719
Borrowings–248349392313
Cash & equivalents–9221728
Total assets–9881,1571,3231,304
Fixed assets–276518715694
Capital work in progress–27818247
Investments–203347
Receivables–142167184206
Inventory–157150290223
Payables–80127230159

Year-end figures from the March annual filing.

Cash flow

₹ crFY22FY23FY24FY25FY26
Cash from operations64166642207
Cash from investing-140-247-158-54-60
Cash from financing1701248813-121
Capex1172541795626
Free cash flow-53-239-113-14181

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY22FY23FY24FY25FY26
ROE %–7.9%3.0%4.0%14.9%
ROCE %–8.1%4.0%6.3%18.1%
Debtor days–44443332
Inventory days–82627653
Payable days–42526038
Cash conversion cycle (days)–84544947
Working capital days–36331216

Shareholding

Holder% (2026-09-30)
Promoters66.80%
FIIs0.26%
DIIs0.00%
Public (non-institutions)32.64%
QuarterDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters %66.71%66.71%66.71%66.71%66.80%66.80%66.80%66.80%
Promoter group%
Gulshan Family Benefit Trust(Chandra Kumar Jain)20.94%
Lotus Holding Trust(Anubha Gupta)10.79%
Mridula Family Trust(Arushi Jain)10.79%
Chandra Holding Trust(Aditi Pasari)10.79%
Aditi Pasari2.67%
Chandra Kumar Jain2.67%
Arushi Jain2.67%
Anubha Gupta2.67%
Mridula Jain2.67%
Rahul Jain0.15%
Ankur Pasari0.00%
Anssh Pasari0.00%
Anaisha Pasari0.00%
Rishi Rahul Jain0.00%
Dhruv Rahul Jain0.00%
Public holders above 1%%
Investor Education and Protection Fund Authority-Ministry of Corporate Affairs1.61%
Anil Kumar Goel1.01%

37,930 shareholders. Pledged: – of promoter shares.

Peers in Other Agricultural Products

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
LTFOODS₹13,272 cr20.7x2.9x15.3%18.8%10.7%+26.3%0.79%
KRBL₹8,074 cr10.7x1.4x13.7%17.2%16.5%+4.4%1.00%
GAEL₹6,471 cr15.6x2.0x13.2%15.5%9.9%+5.3%0.18%
KSCL₹3,578 cr14.5x2.0x15.3%14.6%22.9%+9.2%0.72%
TRUALT₹3,347 cr23.9x2.2x9.8%11.7%18.6%––
AEROPLANE₹2,135 cr16.5x2.3x11.2%13.3%9.8%––
GRMOVER₹1,861 cr19.1x3.1x14.9%13.2%5.5%+8.7%–
SANSTAR₹1,801 cr37.5x2.6x6.5%7.4%6.6%––
TRUEGREEN₹1,437 cr11.8x9.0x39.0%17.5%19.0%––
GULPOLY₹900 cr6.1x1.3x22.1%23.1%11.8%+25.1%0.21%

All 69 companies in Other Agricultural Products →

Business segments (FY26)

SegmentRevenueShareEBITMargin
Ethanol(Bio-Fuel)/Distillery₹1,609 cr69.6%₹178 cr11.1%
Grain Processing₹610 cr26.4%₹-4 cr-0.7%
Mineral Processing₹93 cr4.0%₹17 cr18.6%
Unallocated₹0 cr–₹-4 cr–

Dividends & corporate actions

Ex-dateActionDetail
2026-08-28DividendDividend - Rs 1.50 Per Share
2025-09-11DividendDividend - Re 0.30 Per Share
2024-09-12DividendDividend - Re 0.30 Per Share
2024-09-12OtherAnnual General Meeting
2023-09-22DividendAnnual General Meeting//Dividend - Rs 0.50 Per Share
2023-06-21BonusBonus 1:5
2022-09-19DividendAnnual General Meeting/Dividend - Re 1 Per Share
2021-11-16DividendInterim Dividend - Re 1 Per Share
2021-09-08DividendAnnual General Meeting/Dividend - Rs 0.40 Per Share
2020-11-17DividendInterim Dividend - Rs 0.60 Per Share
2020-09-10OtherAnnual General Meeting
2020-02-27DividendInterim Dividend - Re 0.70 Per Share
2019-09-12DividendAnnual General Meeting/Dividend - Rs 0.30 Per Share
2018-11-19DividendInterim Dividend - Re 0.40 Per Share
2018-08-23DividendAnnual General Meeting/Dividend- Re 0.30 Per Share
2017-11-23DividendInterim Dividend - Rs 0.40 Per Share
2017-06-29DividendAnnual General Meeting/Dividend - Re 0.30 Per Share
2016-12-27OtherFv Splt Frm Rs 5 To Re 1
2016-11-10DividendInterim Dividend - Rs 2/- Per Share (Purpose Revised)
2016-06-16DividendDividend - Rs 1.75/- Per Share

Documents

Links go to the original files on the exchange website.

About the company

SectorFast Moving Consumer Goods
IndustryOther Agricultural Products
Sub-industryOther Agricultural Products
SymbolGULPOLY
BSE code532457
ISININE255D01024
Face value₹1.0
Incorporated2000-10-20
Websitewww.gulshanindia.com
Plants (India / abroad)9 / 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.