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Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Gulshan Polyols Ltd

About the Company - Gulshan Polyols Ltd

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 Manufacture of country liquor. Company’s Total Operating Revenue is Rs. 1100.73 Cr. and Equity Capital is Rs. 5.20 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agricultural Products9th K .M., Jansath Road, Muzaffarnagar Uttar Pradesh 251001cs@gulshanindia.com
http://www.gulshanindia.com
Management
NamePosition Held
Dr. Chandra Kumar JainChairman & Managing Director
Ms. Arushi JainJoint Managing Director
Ms. Aditi PasariJoint Managing Director
Mr. Ashwani K VatsWholeTime Director & CEO
Mr. Akhilesh Kumar MaheshwarDirector
Mr. Rakesh KapoorDirector
Ms. Archana JainDirector
Mr. Rakesh Kumar GuptaDirector

Basic Stock Data of Gulshan Polyols Ltd

Last Updated: July 24, 2024, 11:14 pm

Market Cap 1,257 Cr.
Current Price 201
High / Low242/158
Stock P/E70.7
Book Value 94.7
Dividend Yield0.25 %
ROCE4.31 %
ROE3.05 %
Face Value 1.00
PEG Ratio28.33

Data Source: screener.in

Gulshan Polyols Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales209.13227.35238.56277.28292.66292.23270.18276.38331.62301.54293.47307.83371.08
Expenses172.78184.75195.42230.31257.54267.32248.86257.34309.60275.74281.64291.60360.29
Operating Profit36.3542.6043.1446.9735.1224.9121.3219.0422.0225.8011.8316.2310.79
OPM %17.38%18.74%18.08%16.94%12.00%8.52%7.89%6.89%6.64%8.56%4.03%5.27%2.91%
Other Income0.132.040.410.430.101.100.471.352.173.083.783.983.02
Interest0.841.960.821.161.601.381.091.491.522.032.123.930.52
Depreciation8.238.647.578.008.358.487.067.127.217.348.789.535.27
Profit before tax27.4134.0435.1638.2425.2716.1513.6411.7815.4619.514.716.758.02
Tax %32.11%37.72%25.51%25.84%24.61%27.74%25.29%22.84%23.35%25.42%6.58%66.81%42.02%
Net Profit18.6021.2026.1928.3719.0511.6710.199.0911.8514.554.392.244.65
EPS in Rs3.303.774.655.043.381.971.631.461.902.330.700.360.75

Last Updated: July 11, 2024, 11:20 am

Gulshan Polyols Ltd Quarterly Chart

Gulshan Polyols Ltd Profit & Loss

Last Updated: July 10, 2024, 5:42 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2682773193954334926166746217661,1011,1801,274
Expenses2312322733413724315475905526369511,0921,209
Operating Profit3745475461606984691301508865
OPM %14%16%15%14%14%12%11%12%11%17%14%7%5%
Other Income12235422132714
Interest3443461114117569
Depreciation13141423242836443133322931
Profit before tax222932323830242727941156039
Tax %17%16%14%20%19%10%23%21%25%34%26%25%
Net Profit18242725302718212162854526
EPS in Rs3.554.785.374.765.494.863.243.813.6611.0314.407.274.14
Dividend Payout %6%9%8%12%11%39%18%15%16%8%12%6%

Gulshan Polyols Ltd Profit & Loss Yearly Chart

Gulshan Polyols Ltd Growth

Compounded Sales Growth
10 Years:16%
5 Years:15%
3 Years:22%
TTM:17%
Compounded Profit Growth
10 Years:-4%
5 Years:-3%
3 Years:-34%
TTM:-59%
Stock Price CAGR
10 Years:20%
5 Years:45%
3 Years:-4%
1 Year:-10%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:9%
Last Year:3%

Last Updated: July 25, 2024, 5:11 am

Gulshan Polyols Ltd Balance Sheet

Last Updated: July 10, 2024, 5:42 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4444555555556
Reserves122143167195227254268286301372530570573
Preference Capital101010101001010101100
Borrowings39358390138163172135910112248358
Other Liabilities424764596679685761130126164175
Total Liabilities2072293193484365025134824575077749881,112
Fixed Assets10698147142145198298273260244240279526
CWIP36279797153391278105
Investments00125786001262396
Other Assets98124157195187199209204193259417408384
Total Assets2072293193484365025134824575077749881,112

Gulshan Polyols Ltd Reserves and Borrowings Chart

Gulshan Polyols Ltd Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 213250558142874498611666
Cash from Investing Activity -8-69-11-116-81-37-17-16-5-136-247-158
Cash from Financing Activity -1041-236-1-4-48-51-7717012488
Net Cash Flow3437-25-2222-231695-108-4

Gulshan Polyols Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days527368596266695448474044
Inventory Days78871288776116845489896982
Days Payable384452363968382130553742
Cash Conversion Cycle921151441109911511587108807284
Working Capital Days577879615456605266574870
ROCE %15%18%15%12%12%9%8%9%9%25%23%9%

Gulshan Polyols Ltd Financial Efficiency Indicators Chart

Gulshan Polyols Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters68.20%68.20%68.20%68.20%68.20%64.86%66.65%66.65%66.65%66.65%66.65%66.72%
FIIs0.00%0.00%0.00%0.14%0.22%1.59%0.54%0.34%0.33%0.31%0.01%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%3.23%3.30%3.52%3.52%3.53%3.52%1.23%
Public31.18%31.18%31.63%31.50%31.41%30.08%29.29%29.24%29.27%29.27%29.58%31.80%
Others0.62%0.62%0.17%0.17%0.17%0.24%0.23%0.23%0.23%0.25%0.25%0.26%
No. of Shareholders14,35816,15123,55526,20326,73929,43031,32831,35730,44729,37732,99734,248

Gulshan Polyols Ltd Shareholding Pattern Chart

No. of Gulshan Polyols Ltd Shareholders

Gulshan Polyols Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Pure Value Fund767,3570.3315.6767,3572024-07-220%

Gulshan Polyols Ltd ROCE Trend

Gulshan Polyols Ltd EPS Trend

Gulshan Polyols Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22
FaceValue1.001.001.00
Basic EPS (Rs.)2.858.6916.40
Diluted EPS (Rs.)2.858.6916.40
Cash EPS (Rs.)8.0414.2222.64
Book Value[Excl.RevalReserv]/Share (Rs.)94.65110.61103.01
Book Value[Incl.RevalReserv]/Share (Rs.)94.65110.61103.01
Revenue From Operations / Share (Rs.)220.93226.98211.78
PBDIT / Share (Rs.)11.2718.2929.28
PBIT / Share (Rs.)6.0812.7623.04
PBT / Share (Rs.)4.4611.5822.09
Net Profit / Share (Rs.)2.858.6916.40
NP After MI And SOA / Share (Rs.)2.858.6916.40
PBDIT Margin (%)5.108.0513.82
PBIT Margin (%)2.755.6210.87
PBT Margin (%)2.015.1010.42
Net Profit Margin (%)1.283.827.74
NP After MI And SOA Margin (%)1.283.827.74
Return on Networth / Equity (%)3.007.8515.92
Return on Capital Employeed (%)4.479.1919.94
Return On Assets (%)1.534.5711.01
Long Term Debt / Equity (X)0.380.220.08
Total Debt / Equity (X)0.590.430.20
Asset Turnover Ratio (%)1.291.340.00
Current Ratio (X)1.401.432.17
Quick Ratio (X)0.910.841.54
Inventory Turnover Ratio (X)5.945.290.00
Dividend Payout Ratio (NP) (%)0.0011.503.21
Dividend Payout Ratio (CP) (%)0.007.032.32
Earning Retention Ratio (%)0.0088.5096.79
Cash Earning Retention Ratio (%)0.0092.9797.68
Interest Coverage Ratio (X)6.9515.5130.68
Interest Coverage Ratio (Post Tax) (X)2.768.3718.19
Enterprise Value (Cr.)1351.271295.731814.50
EV / Net Operating Revenue (X)0.981.101.65
EV / EBITDA (X)19.2313.6311.92
MarketCap / Net Operating Revenue (X)0.730.891.66
Retention Ratios (%)0.0088.4996.78
Price / BV (X)1.711.833.41
Price / Net Operating Revenue (X)0.730.891.66
EarningsYield0.010.040.04

Gulshan Polyols Ltd Profitability Ratios (%)

Gulshan Polyols Ltd Liquidity Ratios

Gulshan Polyols Ltd Liquidity Ratios (%)

Gulshan Polyols Ltd Interest Coverage Ratios (%)

Gulshan Polyols Ltd Valuation Ratios

Fair Value

Fair Value: 204.72

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.

Undervalued: 1.85% compared to the current price 201

Intrinsic Value: 209.83

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 4.39% compared to the current price 201

Last 5 Year EPS CAGR: 2.50%

*Investments are subject to market risks

Strength and Weakness of Gulshan Polyols Ltd Stock

StrengthWeakness
  1. The company has higher reserves (324.75 cr) compared to borrowings (141.67 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (374.15 cr) and profit (43.77 cr) over the years.
  1. The stock has a low average ROCE of 13.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 61.50, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 101.75, which may not be favorable.

FAQ

What is the latest fair value of Gulshan Polyols Ltd?

The latest fair value of Gulshan Polyols Ltd is ₹204.72.

What is the Market Cap of Gulshan Polyols Ltd?

The Market Cap of Gulshan Polyols Ltd is 1,257 Cr..

What is the current Stock Price of Gulshan Polyols Ltd as on 25 July 2024?

The current stock price of Gulshan Polyols Ltd as on 25 July 2024 is 201.

What is the High / Low of Gulshan Polyols Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gulshan Polyols Ltd stocks is 242/158.

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

The Stock P/E of Gulshan Polyols Ltd is 70.7.

What is the Book Value of Gulshan Polyols Ltd?

The Book Value of Gulshan Polyols Ltd is 94.7.

What is the Dividend Yield of Gulshan Polyols Ltd?

The Dividend Yield of Gulshan Polyols Ltd is 0.25 %.

What is the ROCE of Gulshan Polyols Ltd?

The ROCE of Gulshan Polyols Ltd is 4.31 %.

What is the ROE of Gulshan Polyols Ltd?

The ROE of Gulshan Polyols Ltd is 3.05 %.

What is the Face Value of Gulshan Polyols Ltd?

The Face Value of Gulshan Polyols Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Gulshan Polyols Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE