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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

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
Chemicals - Speciality - Others9th 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

Gulshan Polyols Ltd. Share Price Update

Share PriceValue
Today₹209.05
Previous Day₹215.30

Basic Stock Data of Gulshan Polyols Ltd

Market Cap 1,299 Cr.
Current Price 208
High / Low275/159
Stock P/E50.3
Book Value 92.8
Dividend Yield0.24 %
ROCE8.68 %
ROE7.81 %
Face Value 1.00

Data Source: screener.in

Gulshan Polyols Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales208.61209.13227.35238.56277.28292.66292.23270.18276.38331.62301.54293.47307.83
Expenses173.97172.78184.75195.42230.31257.54267.32248.86257.34309.60275.74281.64291.60
Operating Profit34.6436.3542.6043.1446.9735.1224.9121.3219.0422.0225.8011.8316.23
OPM %16.61%17.38%18.74%18.08%16.94%12.00%8.52%7.89%6.89%6.64%8.56%4.03%5.27%
Other Income0.350.132.040.410.430.101.100.471.352.173.083.783.98
Interest1.800.841.960.821.161.601.381.091.491.522.032.123.93
Depreciation8.158.238.647.578.008.358.487.067.127.217.348.789.53
Profit before tax25.0427.4134.0435.1638.2425.2716.1513.6411.7815.4619.514.716.75
Tax %31.63%32.11%37.72%25.51%25.84%24.61%27.74%25.29%22.84%23.35%25.42%6.58%66.81%
Net Profit17.1318.6021.2026.1928.3719.0511.6710.199.0911.8514.554.392.24
EPS in Rs3.043.303.774.655.043.381.971.631.461.902.330.700.36

Gulshan Polyols Ltd Quarterly Chart

Gulshan Polyols Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2682773193954334926166746217661,1011,1801,234
Expenses2312322733413724315475905526369511,0921,159
Operating Profit3745475461606984691301508876
OPM %14%16%15%14%14%12%11%12%11%17%14%7%6%
Other Income12235422132713
Interest34434611141175610
Depreciation13141423242836443133322933
Profit before tax222932323830242727941156046
Tax %17%16%14%20%19%10%23%21%25%34%26%25%
Net Profit18242725302718212162854533
EPS in Rs3.554.785.374.765.494.863.243.813.6611.0314.407.275.29
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:14%
3 Years:24%
TTM:9%
Compounded Profit Growth
10 Years:6%
5 Years:20%
3 Years:28%
TTM:-40%
Stock Price CAGR
10 Years:33%
5 Years:37%
3 Years:42%
1 Year:8%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:14%
Last Year:8%

Gulshan Polyols Ltd Balance Sheet

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 432132505581428744986116
Cash from Investing Activity -17-8-69-11-116-81-37-17-16-5-136-247
Cash from Financing Activity -10-1041-236-1-4-48-51-77170124
Net Cash Flow153437-25-2222-231695-108

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)
Aditya Birla Sun Life Pure Value Fund7673570.3315.6

Gulshan Polyols Ltd ROCE Trend

Gulshan Polyols Ltd EPS Trend

Gulshan Polyols Ltd Key Financial Ratios

MonthMar 23Mar 22
FaceValue1.001.00
Basic EPS (Rs.)8.6916.40
Diluted EPS (Rs.)8.6916.40
Cash EPS (Rs.)14.2222.64
Book Value[Excl.RevalReserv]/Share (Rs.)110.61103.01
Book Value[Incl.RevalReserv]/Share (Rs.)110.61103.01
Revenue From Operations / Share (Rs.)226.98211.78
PBDIT / Share (Rs.)18.2929.28
PBIT / Share (Rs.)12.7623.04
PBT / Share (Rs.)11.5822.09
Net Profit / Share (Rs.)8.6916.40
NP After MI And SOA / Share (Rs.)8.6916.40
PBDIT Margin (%)8.0513.82
PBIT Margin (%)5.6210.87
PBT Margin (%)5.1010.42
Net Profit Margin (%)3.827.74
NP After MI And SOA Margin (%)3.827.74
Return on Networth / Equity (%)7.8515.92
Return on Capital Employeed (%)9.1919.94
Return On Assets (%)4.5711.01
Long Term Debt / Equity (X)0.220.08
Total Debt / Equity (X)0.430.20
Asset Turnover Ratio (%)1.340.00
Current Ratio (X)1.432.17
Quick Ratio (X)0.841.54
Inventory Turnover Ratio (X)5.290.00
Dividend Payout Ratio (NP) (%)11.503.21
Dividend Payout Ratio (CP) (%)7.032.32
Earning Retention Ratio (%)88.5096.79
Cash Earning Retention Ratio (%)92.9797.68
Interest Coverage Ratio (X)15.5130.68
Interest Coverage Ratio (Post Tax) (X)8.3718.19
Enterprise Value (Cr.)1295.731814.50
EV / Net Operating Revenue (X)1.101.65
EV / EBITDA (X)13.6311.92
MarketCap / Net Operating Revenue (X)0.891.66
Retention Ratios (%)88.4996.78
Price / BV (X)1.833.41
Price / Net Operating Revenue (X)0.891.66
EarningsYield0.040.04

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 of Gulshan Polyols Ltd Stock

Fair Value: ₹365.43

The stock is undervalued by 75.69% compared to the current price ₹208

*Investments are subject to market risks

Strength and Weakness of Gulshan Polyols Ltd Stock

StrengthWeakness
  1. The company has higher reserves (308.31 cr) compared to borrowings (7.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (374.15 cr) and profit (44.31 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 17.90 and average Dividend Yield of 8.25%.
  2. The stock has a low average ROCE of 13.67%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 61.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 101.75, which may not be favorable.

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