GHCL Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 27, 2025, 2:43 pm

Market Cap	5,587 Cr.
Current Price	584
High / Low	779/435
Stock P/E	9.31
Book Value	331
Dividend Yield	2.04 %
ROCE	20.6 %
ROE	17.3 %
Face Value	10.0
PEG Ratio	0.44

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for GHCL Ltd

Competitors of GHCL Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Caprolactam Chemicals Ltd	22.5 Cr.	48.9	65.0/43.0		11.6	0.00 %	6.86 %	3.67 %	10.0
Standard Industries Ltd	129 Cr.	19.9	39.0/17.5	138	20.1	5.28 %	6.83 %	6.28 %	5.00
Gujarat Alkalies & Chemicals Ltd	4,039 Cr.	550	900/550		842	0.00 %	3.83 %	3.88 %	10.0
GHCL Ltd	5,587 Cr.	584	779/435	9.31	331	2.04 %	20.6 %	17.3 %	10.0
Tata Chemicals Ltd	20,456 Cr.	803	1,350/802	42.0	871	1.83 %	7.81 %	2.32 %	10.0
Industry Average	6,271.80 Cr	467.47		63.38	392.45	1.55%	9.52%	6.89%	9.17

All Competitor Stocks of GHCL Ltd

Quarterly Result

Metric	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023
Sales	807	708	721	698	803	1,005	1,053	1,148	1,381	1,102	1,119	1,017	805
Expenses	647	527	530	540	634	756	723	789	947	735	771	719	592
Operating Profit	159	180	191	158	169	249	330	359	434	367	348	298	213
OPM %	20%	26%	26%	23%	21%	25%	31%	31%	31%	33%	31%	29%	26%
Other Income	10	18	5	19	20	12	54	128	1	4	-2	232	11
Interest	24	16	16	15	15	15	15	10	11	10	10	8	7
Depreciation	33	29	28	28	29	30	22	22	32	22	27	24	26
Profit before tax	112	154	152	134	144	216	348	455	392	339	309	497	191
Tax %	25%	23%	27%	23%	24%	25%	22%	19%	25%	26%	27%	14%	25%
Net Profit	84	118	111	103	110	163	272	369	293	252	227	426	143
EPS in Rs	8.89	12.38	11.70	10.80	11.53	17.07	28.52	38.56	30.60	26.38	23.70	44.60	14.94

Last Updated: Unknown

Below is a detailed analysis of the quarterly data for GHCL Ltd based on the most recent figures (Sep 2023) and their trends compared to the previous period:

For Sales, as of Sep 2023, the value is ₹805.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,017.00 Cr. (Jun 2023) to ₹805.00 Cr., marking a decrease of ₹212.00 Cr..
For Expenses, as of Sep 2023, the value is ₹592.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from ₹719.00 Cr. (Jun 2023) to ₹592.00 Cr., marking a decrease of ₹127.00 Cr..
For Operating Profit, as of Sep 2023, the value is ₹213.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹298.00 Cr. (Jun 2023) to ₹213.00 Cr., marking a decrease of ₹85.00 Cr..
For OPM %, as of Sep 2023, the value is 26.00%. The value appears to be declining and may need further review. It has decreased from 29.00% (Jun 2023) to 26.00%, marking a decrease of 3.00%.
For Other Income, as of Sep 2023, the value is ₹11.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹232.00 Cr. (Jun 2023) to ₹11.00 Cr., marking a decrease of ₹221.00 Cr..
For Interest, as of Sep 2023, the value is ₹7.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from ₹8.00 Cr. (Jun 2023) to ₹7.00 Cr., marking a decrease of ₹1.00 Cr..
For Depreciation, as of Sep 2023, the value is ₹26.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹24.00 Cr. (Jun 2023) to ₹26.00 Cr., marking an increase of ₹2.00 Cr..
For Profit before tax, as of Sep 2023, the value is ₹191.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹497.00 Cr. (Jun 2023) to ₹191.00 Cr., marking a decrease of ₹306.00 Cr..
For Tax %, as of Sep 2023, the value is 25.00%. The value appears to be increasing, which may not be favorable. It has increased from 14.00% (Jun 2023) to 25.00%, marking an increase of 11.00%.
For Net Profit, as of Sep 2023, the value is ₹143.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹426.00 Cr. (Jun 2023) to ₹143.00 Cr., marking a decrease of ₹283.00 Cr..
For EPS in Rs, as of Sep 2023, the value is ₹14.94. The value appears to be declining and may need further review. It has decreased from ₹44.60 (Jun 2023) to ₹14.94, marking a decrease of ₹29.66.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	1,958	2,254	2,201	2,356	2,531	2,784	2,919	3,341	3,305	2,491	3,052	4,545	4,043
Expenses	1,602	1,847	1,767	1,828	1,901	2,103	2,313	2,582	2,576	1,886	2,322	3,048	2,817
Operating Profit	356	407	434	528	629	681	607	759	729	605	730	1,497	1,226
OPM %	18%	18%	20%	22%	25%	24%	21%	23%	22%	24%	24%	33%	30%
Other Income	9	-50	-26	-15	-3	37	38	16	16	18	211	124	245
Interest	213	179	183	171	165	137	127	127	120	74	51	39	35
Depreciation	106	82	82	85	82	86	110	117	131	111	87	94	99
Profit before tax	46	96	143	257	380	495	407	531	495	437	802	1,489	1,337
Tax %	3%	26%	24%	29%	32%	23%	13%	34%	20%	25%	19%	23%
Net Profit	44	71	109	182	258	380	356	351	397	326	650	1,142	1,048
EPS in Rs	4.45	7.14	10.85	18.19	25.78	38.04	36.59	35.77	41.75	34.33	68.14	119.41	109.62
Dividend Payout %	45%	28%	18%	12%	0%	13%	14%	14%	7%	16%	22%	15%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2012-2013	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	61.36%	53.52%	66.97%	41.76%	47.29%	-6.32%	-1.40%	13.11%	-17.88%	99.39%	75.69%
Change in YoY Net Profit Growth (%)	0.00%	-7.84%	13.45%	-25.21%	5.53%	-53.60%	4.91%	14.51%	-30.99%	117.27%	-23.69%

GHCL Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	5%
5 Years:	1%
3 Years:	11%
TTM:	-14%

Compounded Profit Growth
10 Years:	16%
5 Years:	11%
3 Years:	22%
TTM:	-18%

Stock Price CAGR
10 Years:	24%
5 Years:	29%
3 Years:	14%
1 Year:	15%

Return on Equity
10 Years:	23%
5 Years:	22%
3 Years:	24%
Last Year:	17%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:41 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	100	100	100	100	99	97	98	95	95	95	96	96	96
Reserves	467	487	670	936	1,247	1,513	1,827	2,054	2,389	2,852	3,860	2,883	3,078
Borrowings	1,558	1,486	1,324	1,365	1,463	1,322	1,302	1,254	782	788	361	210	175
Other Liabilities	755	941	758	548	694	695	767	766	712	1,261	816	581	544
Total Liabilities	2,880	3,014	2,851	2,949	3,504	3,628	3,995	4,169	3,978	4,995	5,133	3,770	3,893
Fixed Assets	1,875	1,869	1,934	2,049	2,410	2,502	2,591	2,664	2,675	2,474	1,731	1,842	1,867
CWIP	32	12	7	37	26	74	117	122	81	213	109	55	105
Investments	5	7	2	15	9	10	12	9	15	17	380	420	572
Other Assets	967	1,125	909	848	1,059	1,043	1,275	1,375	1,207	2,292	2,914	1,453	1,349
Total Assets	2,880	3,014	2,851	2,949	3,504	3,628	3,995	4,169	3,978	4,995	5,133	3,770	3,893

Below is a detailed analysis of the balance sheet data for GHCL Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹96.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹96.00 Cr..
For Reserves, as of Sep 2024, the value is ₹3,078.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,883.00 Cr. (Mar 2024) to ₹3,078.00 Cr., marking an increase of ₹195.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹175.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from ₹210.00 Cr. (Mar 2024) to ₹175.00 Cr., marking a decrease of ₹35.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹544.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹581.00 Cr. (Mar 2024) to ₹544.00 Cr., marking a decrease of ₹37.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,893.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹3,770.00 Cr. (Mar 2024) to ₹3,893.00 Cr., marking an increase of ₹123.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,867.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,842.00 Cr. (Mar 2024) to ₹1,867.00 Cr., marking an increase of ₹25.00 Cr..
For CWIP, as of Sep 2024, the value is ₹105.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹55.00 Cr. (Mar 2024) to ₹105.00 Cr., marking an increase of ₹50.00 Cr..
For Investments, as of Sep 2024, the value is ₹572.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹420.00 Cr. (Mar 2024) to ₹572.00 Cr., marking an increase of ₹152.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹1,349.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,453.00 Cr. (Mar 2024) to ₹1,349.00 Cr., marking a decrease of ₹104.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,893.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,770.00 Cr. (Mar 2024) to ₹3,893.00 Cr., marking an increase of ₹123.00 Cr..

Notably, the Reserves (₹3,078.00 Cr.) exceed the Borrowings (₹175.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	484	452	416	509	458	590	530	624	621	643	856	797
Cash from Investing Activity +	-175	-117	-127	-249	-375	-279	-271	-206	-109	-337	-409	-571
Cash from Financing Activity +	-315	-323	-296	-252	-113	-308	-258	-339	-569	-98	-530	-338
Net Cash Flow	-6	13	-8	8	-30	2	1	80	-57	209	-83	-112

Free Cash Flow

Month	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	356.00	406.00	433.00	527.00	628.00	680.00	606.00	758.00	728.00	-177.00	-58.00	-360.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	46	63	38	26	36	29	32	30	33	27	18	19
Inventory Days	160	227	193	194	187	182	199	198	245	294	177	185
Days Payable	175	233	155	110	107	109	106	102	121	107	53	63
Cash Conversion Cycle	32	57	76	110	117	101	125	126	158	214	142	141
Working Capital Days	40	32	31	23	42	39	55	56	91	128	58	58
ROCE %	15%	17%	22%	25%	24%	19%	21%	19%	16%	19%	36%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	19.07%	19.03%	19.03%	19.05%	19.05%	19.06%	19.06%	19.03%	19.04%	19.03%	19.03%	19.03%
FIIs	15.42%	18.50%	22.40%	24.38%	25.09%	26.04%	25.27%	24.66%	24.99%	24.76%	25.70%	25.41%
DIIs	19.08%	15.59%	11.82%	11.06%	10.79%	10.78%	9.68%	8.60%	8.29%	9.29%	9.79%	10.35%
Public	46.43%	46.89%	46.74%	45.50%	45.06%	44.12%	45.99%	47.70%	47.67%	46.91%	45.45%	45.17%
No. of Shareholders	69,044	1,06,265	1,08,131	94,479	93,009	95,202	1,00,298	1,06,502	1,12,859	1,09,113	1,07,047	1,10,664

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	3,115,010	1.53	181.08	3,115,010	2025-02-25	0%
DSP Tax Saver Fund	1,640,416	0.82	95.36	3,115,010	2025-02-25	-47.34%
Franklin India Smaller Companies Fund	1,499,472	0.9	87.16	3,115,010	2025-02-25	-51.86%
UTI Aggressive Hybrid Fund	541,859	0.66	31.5	3,115,010	2025-02-25	-82.6%
UTI Large & Mid Cap Fund	228,863	0.67	13.3	3,115,010	2025-02-25	-92.65%
UTI Retirement Fund	206,707	0.3	12.02	3,115,010	2025-02-25	-93.36%
Motilal Oswal Nifty Microcap 250 Index Fund	74,886	0.94	4.35	3,115,010	2025-02-25	-97.6%
Groww Nifty Total Market Index Fund	172	0.03	0.01	3,115,010	2025-02-25	-99.99%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	83.43	120.06	67.89	34.32	40.50
Diluted EPS (Rs.)	83.33	120.06	67.89	34.23	40.50
Cash EPS (Rs.)	93.61	129.28	80.36	48.37	55.56
Book Value[Excl.RevalReserv]/Share (Rs.)	311.17	413.83	324.73	261.47	226.18
Book Value[Incl.RevalReserv]/Share (Rs.)	311.17	413.83	324.73	261.47	226.18
Revenue From Operations / Share (Rs.)	360.06	475.51	397.68	305.24	347.87
PBDIT / Share (Rs.)	94.00	159.03	104.32	69.80	78.47
PBIT / Share (Rs.)	83.33	149.17	92.03	55.76	64.67
PBT / Share (Rs.)	103.58	153.05	85.34	46.16	52.06
Net Profit / Share (Rs.)	82.94	119.42	68.07	34.32	41.74
NP After MI And SOA / Share (Rs.)	82.94	119.42	68.07	34.32	41.74
PBDIT Margin (%)	26.10	33.44	26.23	22.86	22.55
PBIT Margin (%)	23.14	31.37	23.14	18.26	18.58
PBT Margin (%)	28.76	32.18	21.45	15.12	14.96
Net Profit Margin (%)	23.03	25.11	17.11	11.24	12.00
NP After MI And SOA Margin (%)	23.03	25.11	17.11	11.24	12.00
Return on Networth / Equity (%)	26.65	28.85	20.96	13.12	18.45
Return on Capital Employeed (%)	23.76	31.97	22.97	15.93	19.01
Return On Assets (%)	21.06	22.23	12.94	8.19	9.51
Long Term Debt / Equity (X)	0.03	0.06	0.13	0.22	0.37
Total Debt / Equity (X)	0.06	0.08	0.24	0.24	0.50
Asset Turnover Ratio (%)	0.77	0.89	0.84	0.69	0.79
Current Ratio (X)	4.30	4.69	1.82	1.71	1.37
Quick Ratio (X)	2.73	3.54	1.03	0.53	0.52
Inventory Turnover Ratio (X)	1.55	1.49	1.75	1.48	1.68
Dividend Payout Ratio (NP) (%)	20.96	12.49	8.08	0.00	19.54
Dividend Payout Ratio (CP) (%)	18.57	11.54	6.84	0.00	14.68
Earning Retention Ratio (%)	79.04	87.51	91.92	0.00	80.46
Cash Earning Retention Ratio (%)	81.43	88.46	93.16	0.00	85.32
Interest Coverage Ratio (X)	35.33	39.31	15.59	7.27	6.22
Interest Coverage Ratio (Post Tax) (X)	23.56	27.90	10.41	4.58	4.31
Enterprise Value (Cr.)	3948.48	5021.66	5717.82	2744.15	1812.81
EV / Net Operating Revenue (X)	1.15	1.10	1.51	0.94	0.54
EV / EBITDA (X)	4.39	3.30	5.77	4.14	2.43
MarketCap / Net Operating Revenue (X)	1.23	1.06	1.38	0.75	0.25
Retention Ratios (%)	79.03	87.50	91.91	0.00	80.45
Price / BV (X)	1.42	1.22	1.69	0.88	0.39
Price / Net Operating Revenue (X)	1.23	1.06	1.38	0.75	0.25
EarningsYield	0.18	0.23	0.12	0.14	0.47

After reviewing the key financial ratios for GHCL Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 83.43. This value is within the healthy range. It has decreased from 120.06 (Mar 23) to 83.43, marking a decrease of 36.63.
For Diluted EPS (Rs.), as of Mar 24, the value is 83.33. This value is within the healthy range. It has decreased from 120.06 (Mar 23) to 83.33, marking a decrease of 36.73.
For Cash EPS (Rs.), as of Mar 24, the value is 93.61. This value is within the healthy range. It has decreased from 129.28 (Mar 23) to 93.61, marking a decrease of 35.67.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 311.17. It has decreased from 413.83 (Mar 23) to 311.17, marking a decrease of 102.66.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 311.17. It has decreased from 413.83 (Mar 23) to 311.17, marking a decrease of 102.66.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 360.06. It has decreased from 475.51 (Mar 23) to 360.06, marking a decrease of 115.45.
For PBDIT / Share (Rs.), as of Mar 24, the value is 94.00. This value is within the healthy range. It has decreased from 159.03 (Mar 23) to 94.00, marking a decrease of 65.03.
For PBIT / Share (Rs.), as of Mar 24, the value is 83.33. This value is within the healthy range. It has decreased from 149.17 (Mar 23) to 83.33, marking a decrease of 65.84.
For PBT / Share (Rs.), as of Mar 24, the value is 103.58. This value is within the healthy range. It has decreased from 153.05 (Mar 23) to 103.58, marking a decrease of 49.47.
For Net Profit / Share (Rs.), as of Mar 24, the value is 82.94. This value is within the healthy range. It has decreased from 119.42 (Mar 23) to 82.94, marking a decrease of 36.48.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 82.94. This value is within the healthy range. It has decreased from 119.42 (Mar 23) to 82.94, marking a decrease of 36.48.
For PBDIT Margin (%), as of Mar 24, the value is 26.10. This value is within the healthy range. It has decreased from 33.44 (Mar 23) to 26.10, marking a decrease of 7.34.
For PBIT Margin (%), as of Mar 24, the value is 23.14. This value exceeds the healthy maximum of 20. It has decreased from 31.37 (Mar 23) to 23.14, marking a decrease of 8.23.
For PBT Margin (%), as of Mar 24, the value is 28.76. This value is within the healthy range. It has decreased from 32.18 (Mar 23) to 28.76, marking a decrease of 3.42.
For Net Profit Margin (%), as of Mar 24, the value is 23.03. This value exceeds the healthy maximum of 10. It has decreased from 25.11 (Mar 23) to 23.03, marking a decrease of 2.08.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 23.03. This value exceeds the healthy maximum of 20. It has decreased from 25.11 (Mar 23) to 23.03, marking a decrease of 2.08.
For Return on Networth / Equity (%), as of Mar 24, the value is 26.65. This value is within the healthy range. It has decreased from 28.85 (Mar 23) to 26.65, marking a decrease of 2.20.
For Return on Capital Employeed (%), as of Mar 24, the value is 23.76. This value is within the healthy range. It has decreased from 31.97 (Mar 23) to 23.76, marking a decrease of 8.21.
For Return On Assets (%), as of Mar 24, the value is 21.06. This value is within the healthy range. It has decreased from 22.23 (Mar 23) to 21.06, marking a decrease of 1.17.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.03. This value is below the healthy minimum of 0.2. It has decreased from 0.06 (Mar 23) to 0.03, marking a decrease of 0.03.
For Total Debt / Equity (X), as of Mar 24, the value is 0.06. This value is within the healthy range. It has decreased from 0.08 (Mar 23) to 0.06, marking a decrease of 0.02.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.77. It has decreased from 0.89 (Mar 23) to 0.77, marking a decrease of 0.12.
For Current Ratio (X), as of Mar 24, the value is 4.30. This value exceeds the healthy maximum of 3. It has decreased from 4.69 (Mar 23) to 4.30, marking a decrease of 0.39.
For Quick Ratio (X), as of Mar 24, the value is 2.73. This value exceeds the healthy maximum of 2. It has decreased from 3.54 (Mar 23) to 2.73, marking a decrease of 0.81.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.55. This value is below the healthy minimum of 4. It has increased from 1.49 (Mar 23) to 1.55, marking an increase of 0.06.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 20.96. This value is within the healthy range. It has increased from 12.49 (Mar 23) to 20.96, marking an increase of 8.47.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 18.57. This value is below the healthy minimum of 20. It has increased from 11.54 (Mar 23) to 18.57, marking an increase of 7.03.
For Earning Retention Ratio (%), as of Mar 24, the value is 79.04. This value exceeds the healthy maximum of 70. It has decreased from 87.51 (Mar 23) to 79.04, marking a decrease of 8.47.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 81.43. This value exceeds the healthy maximum of 70. It has decreased from 88.46 (Mar 23) to 81.43, marking a decrease of 7.03.
For Interest Coverage Ratio (X), as of Mar 24, the value is 35.33. This value is within the healthy range. It has decreased from 39.31 (Mar 23) to 35.33, marking a decrease of 3.98.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 23.56. This value is within the healthy range. It has decreased from 27.90 (Mar 23) to 23.56, marking a decrease of 4.34.
For Enterprise Value (Cr.), as of Mar 24, the value is 3,948.48. It has decreased from 5,021.66 (Mar 23) to 3,948.48, marking a decrease of 1,073.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.15. This value is within the healthy range. It has increased from 1.10 (Mar 23) to 1.15, marking an increase of 0.05.
For EV / EBITDA (X), as of Mar 24, the value is 4.39. This value is below the healthy minimum of 5. It has increased from 3.30 (Mar 23) to 4.39, marking an increase of 1.09.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.23. This value is within the healthy range. It has increased from 1.06 (Mar 23) to 1.23, marking an increase of 0.17.
For Retention Ratios (%), as of Mar 24, the value is 79.03. This value exceeds the healthy maximum of 70. It has decreased from 87.50 (Mar 23) to 79.03, marking a decrease of 8.47.
For Price / BV (X), as of Mar 24, the value is 1.42. This value is within the healthy range. It has increased from 1.22 (Mar 23) to 1.42, marking an increase of 0.20.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.23. This value is within the healthy range. It has increased from 1.06 (Mar 23) to 1.23, marking an increase of 0.17.
For EarningsYield, as of Mar 24, the value is 0.18. This value is below the healthy minimum of 5. It has decreased from 0.23 (Mar 23) to 0.18, marking a decrease of 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of GHCL Ltd as of February 27, 2025 is: ₹435.20

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 27, 2025, GHCL Ltd is Overvalued by 25.48% compared to the current share price 584.00

Intrinsic Value of GHCL Ltd as of February 27, 2025 is: 527.88

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 27, 2025, GHCL Ltd is Overvalued by 9.61% compared to the current share price ₹584.00

Last 5 Year EPS CAGR: 21.30%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 21.17%, which is a positive sign. The company has higher reserves (1,866.38 cr) compared to borrowings (1,030.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.46 cr) and profit (314.69 cr) over the years.	The stock has a high average Working Capital Days of 54.42, which may not be favorable. The stock has a high average Cash Conversion Cycle of 116.58, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in GHCL Ltd:
1. Net Profit Margin: 23.03%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 23.76% (Industry Average ROCE: 9.52%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 26.65% (Industry Average ROE: 6.89%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 23.56
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 2.73
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 9.31 (Industry average Stock P/E: 42.25)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.06
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

GHCL Ltd. is a Public Limited Listed company incorporated on 14/10/1983 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L24100GJ1983PLC006513 and registration number is 006513. Currently Company is involved in the business activities of Manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms. Company's Total Operating Revenue is Rs. 3446.54 Cr. and Equity Capital is Rs. 95.72 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Chemicals - Inorganic - Caustic Soda/Soda Ash	GHCL House, Opp. Punjabi Hall, Ahmedabad Gujarat 380009	ghclinfo@ghcl.co.in http://www.ghcl.co.in

Management
Name	Position Held
Mr. Anurag Dalmia	Non Executive Chairman
Mr. R S Jalan	Managing Director
Mr. Raman Chopra	Executive Director (Finance) & CFO
Mr. Neelabh Dalmia	Executive Director
Justice(Retd) Ravindra Singh	Independent Director
Mr. Arun Kumar Jain	Independent Director
Dr. Manoj Vaish	Independent Director
Mrs. Vijaylaxmi Joshi	Independent Director

FAQ

What is the latest intrinsic value of GHCL Ltd?

Let's break down GHCL Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 27 February 2025:

Calculated Fair Value: ₹435.20
Current Market Price: ₹584.00
Variance: 25.48% lower

This suggests GHCL Ltd is currently overvalued by 25.48%. For context:

Market Cap: 5,587 Cr.
52-Week Range: 779/435
Reserves (Sep 2024): 3,078 Cr
Liabilities: 3,893 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of GHCL Ltd?

The Market Cap of GHCL Ltd is 5,587 Cr..

What is the current Stock Price of GHCL Ltd as on 27 February 2025?

The current stock price of GHCL Ltd as on 27 February 2025 is ₹584.

What is the High / Low of GHCL Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of GHCL Ltd stocks is 779/435.

What is the Stock P/E of GHCL Ltd?

The Stock P/E of GHCL Ltd is 9.31.

What is the Book Value of GHCL Ltd?

The Book Value of GHCL Ltd is 331.

What is the Dividend Yield of GHCL Ltd?

The Dividend Yield of GHCL Ltd is 2.04 %.

What is the ROCE of GHCL Ltd?

The ROCE of GHCL Ltd is 20.6 %.

What is the ROE of GHCL Ltd?

The ROE of GHCL Ltd is 17.3 %.

What is the Face Value of GHCL Ltd?

The Face Value of GHCL Ltd is 10.0.