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Gulshan Polyols Limited
(GULPOLY)
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Rating:66Neutral
Price Target:
₹201.00
▲(40.71% Upside)
Action:Reiterated
Date:09/06/26
The score is supported mainly by attractive valuation (low P/E) and an improving FY2026 financial picture (better margins and free cash flow). It is held back by inconsistent historical cash generation and earnings volatility, plus weak near-term technical momentum (negative MACD and price below key moving averages).
Positive Factors
Revenue expansion
Sustained revenue expansion indicates growing demand for the company’s specialty chemical products across its served markets. Continued top-line growth can improve operating leverage, support capacity utilization, and provide a durable base for earnings growth over the next several quarters.
Negative Factors
Earnings and margin volatility
Wide swings in earnings and margins make the company’s normalized profitability less predictable than the latest rebound suggests. Such volatility can complicate planning, reduce confidence in recurring earnings power, and leave results vulnerable when operating conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue expansion
Sustained revenue expansion indicates growing demand for the company’s specialty chemical products across its served markets. Continued top-line growth can improve operating leverage, support capacity utilization, and provide a durable base for earnings growth over the next several quarters.
Read all positive factors
Gulshan Polyols Limited (GULPOLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.60B
Dividend Yield0.81%
Average Volume (3M)31.38K
Price to Earnings (P/E)7.9
Beta (1Y)1.34
Revenue Growth9.30%
EPS Growth425.35%
CountryIN
Employees575
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)23.69
Shares Outstanding62,370,586
10 Day Avg. Volume18,241
30 Day Avg. Volume31,382
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.29
Price to Sales (P/S)0.40
P/FCF Ratio5.12
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)25.2
Revenue Forecast (FY)₹28.59B
Gulshan Polyols Limited Business Overview & Revenue Model
Company Description
Established in Delhi, India, in 1981, Gulshan Polyols Limited specializes in mineral and grain processing, alongside its distillery operations, catering to both domestic and international markets. The company functions as a subsidiary of Gulshan H...
How the Company Makes Money
Gulshan Polyols primarily makes money by manufacturing and selling chemical ingredients (with a key focus on sorbitol and related starch/sugar derivatives) to business customers. Revenue is generated through (1) domestic and export sales of these ...
Gulshan Polyols Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.59B | 23.12B | 20.20B | 13.58B | 11.80B | 10.95B |
| Gross Profit | 8.24B | 7.78B | 6.24B | 3.29B | 1.29B | 1.86B |
| EBITDA | 2.78B | 2.31B | 1.00B | 702.84M | 950.63M | 1.52B |
| Net Income | 1.48B | 1.07B | 246.66M | 177.58M | 451.82M | 852.49M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 13.04B | 13.23B | 11.56B | 9.88B | 7.74B |
| Cash, Cash Equivalents and Short-Term Investments | 281.04M | 281.04M | 169.94M | 211.26M | 85.44M | 1.22B |
| Total Debt | 0.00 | 3.18B | 3.97B | 3.54B | 2.53B | 1.17B |
| Total Liabilities | -7.19B | 5.86B | 7.10B | 5.66B | 4.13B | 2.39B |
| Stockholders Equity | 7.19B | 7.19B | 6.13B | 5.90B | 5.75B | 5.35B |
Cash Flow | ||||||
| Free Cash Flow | -384.65M | 1.81B | -145.90M | -1.13B | -2.39B | -524.14M |
| Operating Cash Flow | -258.24M | 2.07B | 416.80M | 662.78M | 154.41M | 609.30M |
| Investing Cash Flow | -122.16M | -602.36M | -543.17M | -1.58B | -2.47B | -1.36B |
| Financing Cash Flow | 376.73M | -1.21B | 132.41M | 876.00M | 1.24B | 1.70B |
Gulshan Polyols Limited Technical Analysis
Negative
142.85
Price Trends
189.98
Negative
189.86
Negative
167.17
Positive
Market Momentum
-1.21
Positive
43.78
Neutral
9.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GULPOLY, the sentiment is Negative. The current price of 142.85 is below the 20-day moving average (MA) of 190.04, below the 50-day MA of 189.98, and below the 200-day MA of 167.17, indicating a neutral trend. The MACD of -1.21 indicates Positive momentum. The RSI at 43.78 is Neutral, neither overbought nor oversold. The STOCH value of 9.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GULPOLY.
Gulshan Polyols Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹9.08B | 16.54 | ― | 0.99% | 1.41% | 946.38% | |
67 Neutral | ₹9.02B | 11.39 | ― | 0.40% | 13.23% | 22.22% | |
66 Neutral | ₹11.60B | 7.90 | ― | 0.81% | 9.30% | 425.35% | |
59 Neutral | ₹7.33B | 18.18 | ― | 0.84% | 49.58% | 43.22% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹12.39B | 8,058.67 | ― | ― | 7.00% | ― | |
42 Neutral | ₹13.56B | 19.09 | ― | 0.44% | 11.82% | 103.89% |
* General Sector Average
IN:GULPOLY
Gulshan Polyols Limited
186.00
25.60
15.96%
IN:DCW
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45.93
-27.09
-37.10%
IN:DMCC
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293.80
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-3.16%
IN:GODAVARIB
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242.05
-55.45
-18.64%
IN:INDOAMIN
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124.20
-18.60
-13.03%
IN:VALIANTORG
Valiant Organics Limited
323.75
-54.90
-14.50%
Gulshan Polyols Limited Corporate Events
CRISIL lifts outlook on Gulshan Polyols as bank facilities expand
Jul 24, 2026
Gulshan Polyols Limited, a chemicals and industrial materials producer listed on Indian stock exchanges, relies on bank-funded facilities to support its operations and expansion. Its capital structure and borrowing capacity are subject to ongoing ...
Gulshan Polyols Files SEBI Dematerialisation Compliance Certificate for June Quarter
Jul 13, 2026
Gulshan Polyols Limited has filed a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026. The company’s registrar and share transfer agent, Alankit As...
Gulshan Polyols Highlights Role in India’s Ethanol Ecosystem Through Media Interaction
Jul 13, 2026
Gulshan Polyols Limited has disclosed that Joint Managing Director Aditi Pasari took part in a media interaction with ET Now Swadesh on July 8, 2026, focusing on India’s evolving ethanol ecosystem. By engaging in this televised discussion, t...
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.