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Ghcl Limited
(GHCL)
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Rating:73Outperform
Price Target:
₹430.00
▼(-1.32% Downside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by strong financial resilience (very low leverage and solid cash generation) and attractive valuation (low P/E with a supportive dividend yield). These positives are tempered by weakening fundamentals (recent revenue decline and margin compression) and a mixed technical picture with the stock still below longer-term moving averages.
Positive Factors
Very Low Leverage
Very low leverage and substantial equity provide GHCL with resilience during industry downturns and reduce dependence on external financing. This strengthens financial flexibility, supports continued operations through weaker cycles, and leaves greater capacity for investment or shareholder returns.
Negative Factors
Sustained Revenue Decline
Repeated revenue contraction signals weaker demand, pricing, or volumes across GHCL’s businesses rather than a single isolated slowdown. If this trend persists, lower operating scale can reduce fixed-cost absorption, constrain reinvestment, and weaken earnings momentum over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage and substantial equity provide GHCL with resilience during industry downturns and reduce dependence on external financing. This strengthens financial flexibility, supports continued operations through weaker cycles, and leaves greater capacity for investment or shareholder returns.
Read all positive factors
Ghcl Limited (GHCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹35.57B
Dividend Yield3.11%
Average Volume (3M)6.32K
Price to Earnings (P/E)7.0
Beta (1Y)1.29
Revenue Growth-3.37%
EPS Growth-13.58%
CountryIN
Employees1,037
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)55.40
Shares Outstanding92,130,650
10 Day Avg. Volume7,051
30 Day Avg. Volume6,319
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)1.12
Price to Sales (P/S)1.30
P/FCF Ratio9.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)68.6
Revenue Forecast (FY)₹33.01B
Ghcl Limited Business Overview & Revenue Model
Company Description
GHCL Limited, an Indian enterprise founded in Noida in 1983, operates with its subsidiaries to manufacture and distribute a broad spectrum of inorganic chemicals and textile products. The company's chemical offerings include light soda ash, a fund...
How the Company Makes Money
GHCL primarily makes money by selling soda ash and related chemical products produced at its manufacturing facilities to industrial customers. Revenue in this segment is largely driven by sales volumes, product mix (e.g., different grades of soda ...
Ghcl Limited Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
86
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.43B | 30.64B | 31.83B | 34.36B | 45.45B | 37.78B |
| Gross Profit | 10.84B | 9.96B | 15.19B | 14.25B | 20.98B | 10.18B |
| EBITDA | 8.25B | 7.08B | 8.76B | 11.20B | 15.95B | 7.32B |
| Net Income | 5.20B | 4.72B | 6.24B | 7.94B | 11.42B | 6.50B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 43.00B | 41.85B | 37.70B | 51.33B | 49.95B |
| Cash, Cash Equivalents and Short-Term Investments | 11.10B | 11.18B | 10.74B | 8.93B | 5.00B | 2.44B |
| Total Debt | 0.00 | 833.00M | 1.19B | 2.10B | 3.61B | 7.88B |
| Total Liabilities | -35.52B | 7.48B | 6.97B | 7.91B | 11.78B | 19.10B |
| Stockholders Equity | 35.52B | 35.52B | 34.89B | 29.78B | 39.56B | 29.47B |
Cash Flow | ||||||
| Free Cash Flow | 1.38B | 4.40B | 3.23B | 6.91B | 4.99B | 3.06B |
| Operating Cash Flow | 3.23B | 7.04B | 6.38B | 7.97B | 8.56B | 6.43B |
| Investing Cash Flow | -2.35B | -3.15B | -3.58B | -5.34B | -4.03B | -3.37B |
| Financing Cash Flow | -1.30B | -4.44B | -2.30B | -3.38B | -5.36B | -980.70M |
Ghcl Limited Technical Analysis
Negative
435.75
Price Trends
426.12
Negative
430.27
Negative
460.13
Negative
Market Momentum
-10.74
Positive
22.86
Positive
10.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GHCL, the sentiment is Negative. The current price of 435.75 is above the 20-day moving average (MA) of 410.33, above the 50-day MA of 426.12, and below the 200-day MA of 460.13, indicating a bearish trend. The MACD of -10.74 indicates Positive momentum. The RSI at 22.86 is Positive, neither overbought nor oversold. The STOCH value of 10.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GHCL.
Ghcl Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹87.25B | 8.42 | ― | 3.53% | 12.55% | 84.52% | |
73 Outperform | ₹35.57B | 6.97 | ― | 3.11% | -3.37% | -13.58% | |
60 Neutral | ₹44.20B | 66.39 | ― | 2.94% | 7.07% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹220.60B | 28.18 | ― | 0.46% | 8.20% | 29.06% | |
47 Neutral | ₹58.43B | 60.08 | ― | 0.53% | -0.43% | -38.53% | |
47 Neutral | ₹162.46B | -7.50 | ― | 1.72% | 2.04% | -742.43% |
* General Sector Average
IN:GHCL
Ghcl Limited
386.05
-225.52
-36.88%
IN:ACI
Archean Chemical Industries Ltd.
473.30
-162.15
-25.52%
IN:DEEPAKNTR
Deepak Nitrite Limited
1,617.35
-147.84
-8.38%
IN:GNFC
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
593.80
113.65
23.67%
IN:GUJALKALI
Gujarat Alkalies & Chemicals Ltd.
601.85
55.97
10.25%
IN:TATACHEM
Tata Chemicals Limited
637.70
-258.97
-28.88%
Ghcl Limited Corporate Events
GHCL Wins NGT Clearance Battle for Gujarat Greenfield Soda Ash Project
Aug 22, 2026
GHCL Limited has secured a favourable ruling from the National Green Tribunal’s Western Zone Bench in Pune, which dismissed three appeals challenging the environmental and forest clearances granted by the central environment ministry and the...
GHCL Board Approves Q1 FY2026 Unaudited Financial Results
Aug 1, 2026
GHCL Limited’s board of directors, at its 218th meeting held on August 1, 2026, approved the unaudited standalone financial results for the quarter ended June 30, 2026, prepared in accordance with Ind-AS. The results, along with the auditor&...
GHCL Board Clears Q1 FY27 Results, Reports Zero Debt Default
Aug 1, 2026
GHCL Limited’s board approved the un-audited standalone financial results for the quarter ended June 30, 2026, in its 218th meeting, confirming compliance with Ind-AS and filing the limited review report with the exchanges. The company also ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.