Gulshan Polyols Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 6, 2026, 2:30 am

Market Cap	943 Cr.
Current Price	151
Intrinsic Value	₹39.19
High / Low	220/122
Stock P/E	12.3
Book Value	103
Dividend Yield	0.20 %
ROCE	6.31 %
ROE	3.92 %
Face Value	1.00
PEG Ratio	-3.94

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Gulshan Polyols Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gulshan Polyols Ltd	943 Cr.	151	220/122	12.3	103	0.20 %	6.31 %	3.92 %	1.00
AVT Natural Products Ltd	927 Cr.	61.3	83.8/51.0	16.2	34.4	1.14 %	12.8 %	9.89 %	1.00
Bombay Super Hybrid Seeds Ltd	875 Cr.	83.4	158/78.6	33.0	11.4	0.00 %	21.2 %	28.8 %	1.00
Chamanlal Setia Exports Ltd	1,283 Cr.	258	396/228	12.7	153	0.97 %	16.7 %	14.2 %	2.00
Mangalam Global Enterprise Ltd	330 Cr.	10.0	18.5/9.54	11.9	6.86	0.10 %	16.8 %	14.6 %	1.00
Industry Average	3,549.20 Cr	214.10		27.76	106.69	0.36%	11.80%	12.33%	4.00

All Competitor Stocks of Gulshan Polyols Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	276	332	302	293	308	371	406	455	440	610	515	593	542
Expenses	257	310	276	282	292	360	386	431	424	583	486	557	500
Operating Profit	19	22	26	12	16	11	19	24	16	27	29	37	42
OPM %	7%	7%	9%	4%	5%	3%	5%	5%	4%	4%	6%	6%	8%
Other Income	1	2	3	4	4	3	1	2	1	1	1	2	0
Interest	1	2	2	2	4	1	4	4	7	8	9	8	8
Depreciation	7	7	7	9	10	5	9	8	8	11	10	11	11
Profit before tax	12	15	20	5	7	8	8	13	2	9	11	20	22
Tax %	23%	23%	25%	7%	67%	42%	23%	25%	33%	25%	33%	34%	31%
Net Profit	9	12	15	4	2	5	6	10	1	7	7	13	16
EPS in Rs	1.46	1.90	2.33	0.70	0.36	0.75	1.02	1.56	0.21	1.09	1.13	2.11	2.49

Last Updated: January 1, 2026, 12:46 pm

Below is a detailed analysis of the quarterly data for Gulshan Polyols Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Sales, as of Sep 2025, the value is 542.00 Cr.. The value appears to be declining and may need further review. It has decreased from 593.00 Cr. (Jun 2025) to 542.00 Cr., marking a decrease of 51.00 Cr..
For Expenses, as of Sep 2025, the value is 500.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 557.00 Cr. (Jun 2025) to 500.00 Cr., marking a decrease of 57.00 Cr..
For Operating Profit, as of Sep 2025, the value is 42.00 Cr.. The value appears strong and on an upward trend. It has increased from 37.00 Cr. (Jun 2025) to 42.00 Cr., marking an increase of 5.00 Cr..
For OPM %, as of Sep 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 6.00% (Jun 2025) to 8.00%, marking an increase of 2.00%.
For Other Income, as of Sep 2025, the value is 0.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2.00 Cr. (Jun 2025) to 0.00 Cr., marking a decrease of 2.00 Cr..
For Interest, as of Sep 2025, the value is 8.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 8.00 Cr..
For Depreciation, as of Sep 2025, the value is 11.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 11.00 Cr..
For Profit before tax, as of Sep 2025, the value is 22.00 Cr.. The value appears strong and on an upward trend. It has increased from 20.00 Cr. (Jun 2025) to 22.00 Cr., marking an increase of 2.00 Cr..
For Tax %, as of Sep 2025, the value is 31.00%. The value appears to be improving (decreasing) as expected. It has decreased from 34.00% (Jun 2025) to 31.00%, marking a decrease of 3.00%.
For Net Profit, as of Sep 2025, the value is 16.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Jun 2025) to 16.00 Cr., marking an increase of 3.00 Cr..
For EPS in Rs, as of Sep 2025, the value is 2.49. The value appears strong and on an upward trend. It has increased from 2.11 (Jun 2025) to 2.49, marking an increase of 0.38.

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: February 24, 2026, 8:16 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	319	395	433	492	616	674	621	766	1,101	1,180	1,378	2,020	2,276
Expenses	273	341	372	431	547	590	552	635	951	1,092	1,320	1,923	2,084
Operating Profit	47	54	61	60	69	84	69	131	150	88	58	97	192
OPM %	15%	14%	14%	12%	11%	12%	11%	17%	14%	7%	4%	5%	8%
Other Income	2	3	5	4	2	2	1	2	2	7	12	3	3
Interest	4	3	4	6	11	14	11	7	5	6	10	28	41
Depreciation	14	23	24	28	36	44	31	33	32	29	32	37	44
Profit before tax	32	32	38	30	24	27	27	94	115	60	28	35	110
Tax %	14%	20%	19%	10%	23%	21%	25%	33%	26%	25%	36%	28%
Net Profit	27	25	30	27	18	21	21	62	85	45	18	25	77
EPS in Rs	5.37	4.76	5.49	4.86	3.24	3.81	3.66	11.09	14.40	7.27	2.83	3.97	12.29
Dividend Payout %	8%	12%	11%	39%	18%	15%	16%	8%	12%	6%	11%	8%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-7.41%	20.00%	-10.00%	-33.33%	16.67%	0.00%	195.24%	37.10%	-47.06%	-60.00%	38.89%
Change in YoY Net Profit Growth (%)	0.00%	27.41%	-30.00%	-23.33%	50.00%	-16.67%	195.24%	-158.14%	-84.16%	-12.94%	98.89%

Gulshan Polyols Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	18%
5 Years:	27%
3 Years:	22%
TTM:	40%

Compounded Profit Growth
10 Years:	-1%
5 Years:	3%
3 Years:	-35%
TTM:	22%

Stock Price CAGR
10 Years:	11%
5 Years:	28%
3 Years:	-10%
1 Year:	-28%

Return on Equity
10 Years:	9%
5 Years:	9%
3 Years:	4%
Last Year:	4%

Last Updated: September 5, 2025, 5:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:20 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	4	4	5	5	5	5	5	5	5	5	6	6	6
Reserves	167	197	229	254	268	286	301	361	530	570	584	607	634
Borrowings	94	100	148	163	182	145	101	11	112	248	349	392	449
Other Liabilities	54	47	54	79	58	47	51	120	126	164	217	318	202
Total Liabilities	319	348	436	502	513	482	457	496	774	988	1,157	1,323	1,291
Fixed Assets	147	142	145	198	298	273	260	241	240	279	521	718	708
CWIP	2	7	97	97	1	5	3	3	91	278	182	4	4
Investments	12	5	7	8	6	0	0	0	26	23	15	17	18
Other Assets	157	195	187	199	209	204	193	252	417	408	438	584	560
Total Assets	319	348	436	502	513	482	457	496	774	988	1,157	1,323	1,291

Below is a detailed analysis of the balance sheet data for Gulshan Polyols Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 6.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 6.00 Cr..
For Reserves, as of Sep 2025, the value is 634.00 Cr.. The value appears strong and on an upward trend. It has increased from 607.00 Cr. (Mar 2025) to 634.00 Cr., marking an increase of 27.00 Cr..
For Borrowings, as of Sep 2025, the value is 449.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 392.00 Cr. (Mar 2025) to 449.00 Cr., marking an increase of 57.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 202.00 Cr.. The value appears to be improving (decreasing). It has decreased from 318.00 Cr. (Mar 2025) to 202.00 Cr., marking a decrease of 116.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 1,291.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,323.00 Cr. (Mar 2025) to 1,291.00 Cr., marking a decrease of 32.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 708.00 Cr.. The value appears to be declining and may need further review. It has decreased from 718.00 Cr. (Mar 2025) to 708.00 Cr., marking a decrease of 10.00 Cr..
For CWIP, as of Sep 2025, the value is 4.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 4.00 Cr..
For Investments, as of Sep 2025, the value is 18.00 Cr.. The value appears strong and on an upward trend. It has increased from 17.00 Cr. (Mar 2025) to 18.00 Cr., marking an increase of 1.00 Cr..
For Other Assets, as of Sep 2025, the value is 560.00 Cr.. The value appears to be declining and may need further review. It has decreased from 584.00 Cr. (Mar 2025) to 560.00 Cr., marking a decrease of 24.00 Cr..
For Total Assets, as of Sep 2025, the value is 1,291.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,323.00 Cr. (Mar 2025) to 1,291.00 Cr., marking a decrease of 32.00 Cr..

Notably, the Reserves (634.00 Cr.) exceed the Borrowings (449.00 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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	32	50	55	81	42	87	44	106	61	16	66	42
Cash from Investing Activity +	-69	-11	-116	-81	-37	-17	-16	-12	-136	-247	-158	-54
Cash from Financing Activity +	41	-2	36	-1	-4	-48	-51	-79	170	124	88	13
Net Cash Flow	4	37	-25	-2	2	22	-23	15	95	-108	-4	0

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-47.00	-46.00	-87.00	-103.00	-113.00	-61.00	-32.00	120.00	38.00	-160.00	-291.00	-295.00

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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	68	59	62	66	69	54	48	47	40	44	44	33
Inventory Days	128	87	76	116	84	54	89	89	69	82	62	76
Days Payable	52	36	39	68	38	21	30	55	37	42	52	60
Cash Conversion Cycle	144	110	99	115	115	87	108	80	72	84	54	49
Working Capital Days	38	21	30	12	15	12	31	57	26	33	27	9
ROCE %	15%	12%	12%	9%	8%	9%	9%	25%	23%	9%	3%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	66.65%	66.65%	66.72%	66.72%	66.72%	66.68%	66.68%	66.71%	66.71%	66.71%	66.71%	66.80%
FIIs	0.31%	0.01%	0.00%	0.00%	0.01%	0.00%	0.50%	0.00%	0.06%	0.00%	0.00%	0.00%
DIIs	3.53%	3.52%	1.23%	1.20%	0.58%	0.40%	0.80%	1.11%	0.67%	0.56%	0.07%	0.00%
Public	29.27%	29.58%	31.80%	31.77%	32.36%	32.66%	31.77%	31.88%	32.27%	32.44%	32.92%	32.90%
Others	0.25%	0.25%	0.26%	0.31%	0.33%	0.27%	0.27%	0.30%	0.30%	0.30%	0.30%	0.30%
No. of Shareholders	29,377	32,997	34,248	34,718	35,992	35,909	38,819	39,873	37,960	36,954	36,933	37,079

Shareholding Pattern Chart

No. of Shareholders

Gulshan Polyols Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Aditya Birla Sun Life Pure Value Fund	767,357	0.33	15.6	767,357	2025-04-22 15:56:57	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22
FaceValue	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	3.95	2.85	8.69	16.40
Diluted EPS (Rs.)	3.95	2.85	8.69	16.40
Cash EPS (Rs.)	9.95	8.04	14.22	22.64
Book Value[Excl.RevalReserv]/Share (Rs.)	98.31	94.65	110.61	103.01
Book Value[Incl.RevalReserv]/Share (Rs.)	98.31	94.65	110.61	103.01
Revenue From Operations / Share (Rs.)	323.82	220.93	226.98	211.78
PBDIT / Share (Rs.)	16.07	11.27	18.29	29.28
PBIT / Share (Rs.)	10.08	6.08	12.76	23.04
PBT / Share (Rs.)	5.52	4.46	11.58	22.09
Net Profit / Share (Rs.)	3.95	2.85	8.69	16.40
NP After MI And SOA / Share (Rs.)	3.95	2.85	8.69	16.40
PBDIT Margin (%)	4.96	5.10	8.05	13.82
PBIT Margin (%)	3.11	2.75	5.62	10.87
PBT Margin (%)	1.70	2.01	5.10	10.42
Net Profit Margin (%)	1.22	1.28	3.82	7.74
NP After MI And SOA Margin (%)	1.22	1.28	3.82	7.74
Return on Networth / Equity (%)	4.02	3.00	7.85	15.92
Return on Capital Employeed (%)	7.63	4.47	9.19	19.94
Return On Assets (%)	1.86	1.53	4.57	11.01
Long Term Debt / Equity (X)	0.27	0.38	0.22	0.08
Total Debt / Equity (X)	0.63	0.59	0.43	0.20
Asset Turnover Ratio (%)	1.63	1.29	1.34	0.00
Current Ratio (X)	1.14	1.40	1.43	2.17
Quick Ratio (X)	0.55	0.91	0.84	1.54
Inventory Turnover Ratio (X)	9.17	5.94	5.29	0.00
Dividend Payout Ratio (NP) (%)	7.58	0.00	11.50	3.21
Dividend Payout Ratio (CP) (%)	3.01	0.00	7.03	2.32
Earning Retention Ratio (%)	92.42	0.00	88.50	96.79
Cash Earning Retention Ratio (%)	96.99	0.00	92.97	97.68
Interest Coverage Ratio (X)	3.53	6.95	15.51	30.68
Interest Coverage Ratio (Post Tax) (X)	1.87	2.76	8.37	18.19
Enterprise Value (Cr.)	1506.43	1351.27	1295.73	1814.50
EV / Net Operating Revenue (X)	0.74	0.98	1.10	1.65
EV / EBITDA (X)	15.03	19.23	13.63	11.92
MarketCap / Net Operating Revenue (X)	0.55	0.73	0.89	1.66
Retention Ratios (%)	92.41	0.00	88.49	96.78
Price / BV (X)	1.82	1.71	1.83	3.41
Price / Net Operating Revenue (X)	0.55	0.73	0.89	1.66
EarningsYield	0.02	0.01	0.04	0.04

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

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 3.95. This value is below the healthy minimum of 5. It has increased from 2.85 (Mar 24) to 3.95, marking an increase of 1.10.
For Diluted EPS (Rs.), as of Mar 25, the value is 3.95. This value is below the healthy minimum of 5. It has increased from 2.85 (Mar 24) to 3.95, marking an increase of 1.10.
For Cash EPS (Rs.), as of Mar 25, the value is 9.95. This value is within the healthy range. It has increased from 8.04 (Mar 24) to 9.95, marking an increase of 1.91.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 98.31. It has increased from 94.65 (Mar 24) to 98.31, marking an increase of 3.66.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 98.31. It has increased from 94.65 (Mar 24) to 98.31, marking an increase of 3.66.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 323.82. It has increased from 220.93 (Mar 24) to 323.82, marking an increase of 102.89.
For PBDIT / Share (Rs.), as of Mar 25, the value is 16.07. This value is within the healthy range. It has increased from 11.27 (Mar 24) to 16.07, marking an increase of 4.80.
For PBIT / Share (Rs.), as of Mar 25, the value is 10.08. This value is within the healthy range. It has increased from 6.08 (Mar 24) to 10.08, marking an increase of 4.00.
For PBT / Share (Rs.), as of Mar 25, the value is 5.52. This value is within the healthy range. It has increased from 4.46 (Mar 24) to 5.52, marking an increase of 1.06.
For Net Profit / Share (Rs.), as of Mar 25, the value is 3.95. This value is within the healthy range. It has increased from 2.85 (Mar 24) to 3.95, marking an increase of 1.10.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 3.95. This value is within the healthy range. It has increased from 2.85 (Mar 24) to 3.95, marking an increase of 1.10.
For PBDIT Margin (%), as of Mar 25, the value is 4.96. This value is below the healthy minimum of 10. It has decreased from 5.10 (Mar 24) to 4.96, marking a decrease of 0.14.
For PBIT Margin (%), as of Mar 25, the value is 3.11. This value is below the healthy minimum of 10. It has increased from 2.75 (Mar 24) to 3.11, marking an increase of 0.36.
For PBT Margin (%), as of Mar 25, the value is 1.70. This value is below the healthy minimum of 10. It has decreased from 2.01 (Mar 24) to 1.70, marking a decrease of 0.31.
For Net Profit Margin (%), as of Mar 25, the value is 1.22. This value is below the healthy minimum of 5. It has decreased from 1.28 (Mar 24) to 1.22, marking a decrease of 0.06.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 1.22. This value is below the healthy minimum of 8. It has decreased from 1.28 (Mar 24) to 1.22, marking a decrease of 0.06.
For Return on Networth / Equity (%), as of Mar 25, the value is 4.02. This value is below the healthy minimum of 15. It has increased from 3.00 (Mar 24) to 4.02, marking an increase of 1.02.
For Return on Capital Employeed (%), as of Mar 25, the value is 7.63. This value is below the healthy minimum of 10. It has increased from 4.47 (Mar 24) to 7.63, marking an increase of 3.16.
For Return On Assets (%), as of Mar 25, the value is 1.86. This value is below the healthy minimum of 5. It has increased from 1.53 (Mar 24) to 1.86, marking an increase of 0.33.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.27. This value is within the healthy range. It has decreased from 0.38 (Mar 24) to 0.27, marking a decrease of 0.11.
For Total Debt / Equity (X), as of Mar 25, the value is 0.63. This value is within the healthy range. It has increased from 0.59 (Mar 24) to 0.63, marking an increase of 0.04.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.63. It has increased from 1.29 (Mar 24) to 1.63, marking an increase of 0.34.
For Current Ratio (X), as of Mar 25, the value is 1.14. This value is below the healthy minimum of 1.5. It has decreased from 1.40 (Mar 24) to 1.14, marking a decrease of 0.26.
For Quick Ratio (X), as of Mar 25, the value is 0.55. This value is below the healthy minimum of 1. It has decreased from 0.91 (Mar 24) to 0.55, marking a decrease of 0.36.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 9.17. This value exceeds the healthy maximum of 8. It has increased from 5.94 (Mar 24) to 9.17, marking an increase of 3.23.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 7.58. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 24) to 7.58, marking an increase of 7.58.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 3.01. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 24) to 3.01, marking an increase of 3.01.
For Earning Retention Ratio (%), as of Mar 25, the value is 92.42. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 24) to 92.42, marking an increase of 92.42.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 96.99. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 24) to 96.99, marking an increase of 96.99.
For Interest Coverage Ratio (X), as of Mar 25, the value is 3.53. This value is within the healthy range. It has decreased from 6.95 (Mar 24) to 3.53, marking a decrease of 3.42.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.87. This value is below the healthy minimum of 3. It has decreased from 2.76 (Mar 24) to 1.87, marking a decrease of 0.89.
For Enterprise Value (Cr.), as of Mar 25, the value is 1,506.43. It has increased from 1,351.27 (Mar 24) to 1,506.43, marking an increase of 155.16.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.74. This value is below the healthy minimum of 1. It has decreased from 0.98 (Mar 24) to 0.74, marking a decrease of 0.24.
For EV / EBITDA (X), as of Mar 25, the value is 15.03. This value exceeds the healthy maximum of 15. It has decreased from 19.23 (Mar 24) to 15.03, marking a decrease of 4.20.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.55. This value is below the healthy minimum of 1. It has decreased from 0.73 (Mar 24) to 0.55, marking a decrease of 0.18.
For Retention Ratios (%), as of Mar 25, the value is 92.41. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 24) to 92.41, marking an increase of 92.41.
For Price / BV (X), as of Mar 25, the value is 1.82. This value is within the healthy range. It has increased from 1.71 (Mar 24) to 1.82, marking an increase of 0.11.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.55. This value is below the healthy minimum of 1. It has decreased from 0.73 (Mar 24) to 0.55, marking a decrease of 0.18.
For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 24) to 0.02, marking an increase of 0.01.

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 Gulshan Polyols Ltd as of March 6, 2026 is: ₹39.81

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 March 6, 2026, Gulshan Polyols Ltd is Overvalued by 73.64% compared to the current share price ₹151.00

Intrinsic Value of Gulshan Polyols Ltd as of March 6, 2026 is: ₹38.57

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 March 6, 2026, Gulshan Polyols Ltd is Overvalued by 74.46% compared to the current share price ₹151.00

Last 5 Year EPS CAGR: -3.12%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 25.92, which is a positive sign. The company has higher reserves (383.69 cr) compared to borrowings (191.85 cr), indicating strong financial stability. The company has shown consistent growth in sales (332.54 cr) and profit (50.15 cr) over the years.	The stock has a low average ROCE of 11.67%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 93.08, 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 Gulshan Polyols Ltd:
1. Net Profit Margin: 1.22%
  - 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: 7.63% (Industry Average ROCE: 11.8%)
  - 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%: 4.02% (Industry Average ROE: 12.33%)
  - 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): 1.87
  - 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: 0.55
  - 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: 12.3 (Industry average Stock P/E: 27.76)
  - 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: 0.63
  - 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

Gulshan Polyols Ltd. is a Public Limited Listed company incorporated on 20/10/2000 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L24231UP2000PLC034918 and registration number is 034918. Currently Company is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company's Total Operating Revenue is Rs. 2019.68 Cr. and Equity Capital is Rs. 6.24 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Agricultural Products	9th K .M., Muzaffarnagar Uttar Pradesh 251001	Contact not found

Management
Name	Position Held
Dr. Chandra Kumar Jain	Chairman & Managing Director
Ms. Arushi Jain	Joint Managing Director
Ms. Aditi Pasari	Joint Managing Director
Mr. Ashwani K Vats	WholeTime Director & CEO
Ms. Archana Jain	Director
Mr. Soumyajit Mitra	Director
Mr. Nitesh Garg	Director
Mr. Vardhaman Dooger	Director

FAQ

What is the intrinsic value of Gulshan Polyols Ltd?

Gulshan Polyols Ltd's intrinsic value (as of 06 March 2026) is ₹38.57 which is 74.46% lower the current market price of ₹151.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹943 Cr. market cap, FY2025-2026 high/low of ₹220/122, reserves of ₹634 Cr, and liabilities of ₹1,291 Cr.

What is the Market Cap of Gulshan Polyols Ltd?

The Market Cap of Gulshan Polyols Ltd is 943 Cr..

What is the current Stock Price of Gulshan Polyols Ltd as on 06 March 2026?

The current stock price of Gulshan Polyols Ltd as on 06 March 2026 is ₹151.

What is the High / Low of Gulshan Polyols Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Gulshan Polyols Ltd stocks is ₹220/122.

What is the Stock P/E of Gulshan Polyols Ltd?

The Stock P/E of Gulshan Polyols Ltd is 12.3.

What is the Book Value of Gulshan Polyols Ltd?

The Book Value of Gulshan Polyols Ltd is 103.

What is the Dividend Yield of Gulshan Polyols Ltd?

The Dividend Yield of Gulshan Polyols Ltd is 0.20 %.

What is the ROCE of Gulshan Polyols Ltd?

The ROCE of Gulshan Polyols Ltd is 6.31 %.

What is the ROE of Gulshan Polyols Ltd?

The ROE of Gulshan Polyols Ltd is 3.92 %.

What is the Face Value of Gulshan Polyols Ltd?

The Face Value of Gulshan Polyols Ltd is 1.00.