Gulshan Polyols Limited (IN:GULPOLY)
:GULPOLY
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Gulshan Polyols Limited
(GULPOLY)
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Rating:62Neutral
Price Target:
₹217.00
▲(51.91% 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
Diversified End Markets & Product Mix
Supplying functional ingredients across pharmaceuticals, food & beverage, personal care and industrial uses creates durable demand diversity. This B2B product mix (specialty and bulk polyols/starch) reduces single-market cyclicality and supports steadier volumes over 2–6 months.
Negative Factors
Earnings Volatility
Wide swings in earnings and margins across recent years make forecasting and planning harder. Persistent volatility raises the risk that a temporary setback could reverse margin gains, increasing operational and refinancing risk during weaker demand periods over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified End Markets & Product Mix
Supplying functional ingredients across pharmaceuticals, food & beverage, personal care and industrial uses creates durable demand diversity. This B2B product mix (specialty and bulk polyols/starch) reduces single-market cyclicality and supports steadier volumes over 2–6 months.
Read all positive factors
Gulshan Polyols Limited (GULPOLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.77B
Dividend Yield0.22%
Average Volume (3M)9.06K
Price to Earnings (P/E)12.0
Beta (1Y)1.55
Revenue Growth14.49%
EPS Growth335.18%
CountryIN
Employees523
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)6.84
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)23.7
Revenue Forecast (FY)₹27.51B
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
GULPOLY primarily makes money by manufacturing and selling chemical and ingredient products to business customers. Its core revenue stream is the sale of polyols (notably sorbitol), which are used across end markets such as pharmaceuticals (as exc...
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 | 22.60B | 23.12B | 20.20B | 13.58B | 11.80B | 10.95B |
| Gross Profit | 6.84B | 7.78B | 6.24B | 3.29B | 1.29B | 1.86B |
| EBITDA | 1.38B | 2.31B | 1.00B | 702.84M | 950.63M | 1.52B |
| Net Income | 426.46M | 1.07B | 246.66M | 177.58M | 451.82M | 852.49M |
Balance Sheet | ||||||
| Total Assets | 12.91B | 13.04B | 13.23B | 11.56B | 9.88B | 7.74B |
| Cash, Cash Equivalents and Short-Term Investments | 178.54M | 281.04M | 169.94M | 211.26M | 85.44M | 1.22B |
| Total Debt | 4.53B | 3.13B | 3.97B | 3.54B | 2.53B | 1.17B |
| Total Liabilities | 6.50B | 5.86B | 7.10B | 5.66B | 4.13B | 2.39B |
| Stockholders Equity | 6.40B | 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
Positive
142.85
Price Trends
181.88
Positive
164.37
Positive
156.65
Positive
Market Momentum
6.45
Negative
60.33
Neutral
71.95
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 192.40, below the 50-day MA of 181.88, and below the 200-day MA of 156.65, indicating a bullish trend. The MACD of 6.45 indicates Negative momentum. The RSI at 60.33 is Neutral, neither overbought nor oversold. The STOCH value of 71.95 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ₹72.18B | 9.17 | ― | 3.68% | -1.51% | 35.32% | |
75 Outperform | ₹8.31B | 9.46 | ― | 0.56% | 4.57% | 2.62% | |
69 Neutral | ₹45.89B | 14.50 | ― | 0.46% | -0.90% | -9.07% | |
66 Neutral | ₹11.31B | 13.36 | ― | 1.06% | 22.10% | 221.73% | |
62 Neutral | ₹12.77B | 11.99 | ― | 0.22% | 14.49% | 335.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ₹63.10B | 21.47 | ― | 0.47% | 11.76% | 25.41% |
* Basic Materials Sector Average
IN:GULPOLY
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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.