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Gulshan Polyols Limited
(GULPOLY)
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Rating:62Neutral
Price Target:
₹210.00
▲(47.01% Upside)
Action:Downgraded
Date:05/31/26
The score is driven primarily by improved FY2026 financial performance (growth, margins, and a return to positive free cash flow), tempered by a history of volatile earnings/cash generation and somewhat higher leverage. Technicals are mixed with weaker near-term trend signals, while valuation looks reasonable on earnings but offers minimal dividend support.
Positive Factors
Reaccelerating revenue and margin rebound
Sustained top-line acceleration and materially higher gross, operating and EBITDA margins in FY2026 indicate improved pricing power, mix or cost control. That structural improvement supports stronger earnings durability and a higher baseline for cash generation over the next several quarters.
Negative Factors
Earnings and margin volatility
Large swings in margins and earnings across recent years highlight sensitivity to input costs, product mix or demand cyclicality. Persistent volatility undermines forecasting, makes capex and dividend planning harder, and raises the risk that favorable FY2026 results could reverse in a weaker cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Reaccelerating revenue and margin rebound
Sustained top-line acceleration and materially higher gross, operating and EBITDA margins in FY2026 indicate improved pricing power, mix or cost control. That structural improvement supports stronger earnings durability and a higher baseline for cash generation over the next several quarters.
Read all positive factors
Gulshan Polyols Limited (GULPOLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.32B
Dividend Yield0.15%
Average Volume (3M)9.06K
Price to Earnings (P/E)11.5
Beta (1Y)1.40
Revenue Growth14.49%
EPS Growth335.18%
CountryIN
Employees523
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)17.22
Shares Outstanding62,370,586
10 Day Avg. Volume3,825
30 Day Avg. Volume9,059
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
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Gulshan Polyols Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.12B | 20.20B | 13.58B | 11.80B | 10.95B |
| Gross Profit | 7.78B | 6.24B | 3.29B | 1.29B | 1.86B |
| EBITDA | 2.31B | 1.00B | 702.84M | 950.63M | 1.52B |
| Net Income | 1.07B | 246.66M | 177.58M | 451.82M | 852.49M |
Balance Sheet | |||||
| Total Assets | 13.04B | 13.23B | 11.56B | 9.88B | 7.74B |
| Cash, Cash Equivalents and Short-Term Investments | 281.04M | 169.94M | 211.26M | 85.44M | 1.22B |
| Total Debt | 3.13B | 3.97B | 3.54B | 2.53B | 1.17B |
| Total Liabilities | 5.86B | 7.10B | 5.66B | 4.13B | 2.39B |
| Stockholders Equity | 7.19B | 6.13B | 5.90B | 5.75B | 5.35B |
Cash Flow | |||||
| Free Cash Flow | 1.81B | -145.90M | -1.13B | -2.39B | -524.14M |
| Operating Cash Flow | 2.07B | 416.80M | 662.78M | 154.41M | 609.30M |
| Investing Cash Flow | -602.36M | -543.17M | -1.58B | -2.47B | -1.36B |
| Financing Cash Flow | -1.21B | 132.41M | 876.00M | 1.24B | 1.70B |
Gulshan Polyols Limited Technical Analysis
Positive
142.85
Price Trends
193.32
Positive
182.38
Positive
163.07
Positive
Market Momentum
1.08
Negative
56.06
Neutral
56.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GULPOLY, the sentiment is Positive. The current price of 142.85 is below the 20-day moving average (MA) of 188.58, below the 50-day MA of 193.32, and below the 200-day MA of 163.07, indicating a bullish trend. The MACD of 1.08 indicates Negative momentum. The RSI at 56.06 is Neutral, neither overbought nor oversold. The STOCH value of 56.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹9.27B | 11.80 | ― | 0.38% | 7.53% | 36.87% | |
62 Neutral | ₹12.32B | 11.46 | ― | 0.22% | 14.49% | 335.18% | |
62 Neutral | ₹7.01B | 25.80 | ― | 0.89% | 34.84% | 26.96% | |
56 Neutral | ₹7.56B | 22.49 | ― | ― | 2.78% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹13.62B | 28.16 | ― | 0.43% | 7.16% | 58.82% | |
48 Neutral | ₹13.39B | 383.68 | ― | ― | 6.29% | ― |
* General Sector Average
IN:GULPOLY
Gulshan Polyols Limited
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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.