Gulshan Polyols Limited (GULPOLY) AI Stock Analysis

• Market Cap: ₹9.46B
• Dividend Yield: 0.19%
• Average Volume (3M): 8.30K
• Price to Earnings (P/E): 22.2
• Beta (1Y): 1.88
• Revenue Growth: 35.17%
• EPS Growth: 92.73%
• Country: IN
• Employees: 523
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals
• EPS (TTM): 2.52
• Shares Outstanding: 62,370,586
• 10 Day Avg. Volume: 7,034
• 30 Day Avg. Volume: 8,296
• PEG Ratio: 1.20
• Price to Book (P/B): 1.87
• Price to Sales (P/S): 0.57
• P/FCF Ratio: -78.45
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹164.00 ▲(18.07% Upside)

Gulshan Polyols Limited's overall stock score is primarily influenced by its strong financial performance, despite some concerns over declining net profit margins and negative free cash flow. Technical analysis indicates a bearish trend, and valuation metrics suggest the stock may be overvalued. The absence of earnings call and corporate events data limits further insights.

Gulshan Polyols Limited Business Overview & Revenue Model

Company Description

Gulshan Polyols Limited (GULPOLY) is a prominent player in the manufacturing and marketing of specialty chemicals and industrial products in India. The company primarily operates in sectors such as industrial chemicals, food additives, and plastics, providing a diverse range of products including calcium carbonate, polyols, and other specialty chemicals. With a strong commitment to quality and innovation, GULPOLY serves various industries, including plastics, food processing, and construction, positioning itself as a reliable supplier in the market.

How the Company Makes Money

Gulshan Polyols Limited generates revenue through the production and sale of its core products, which include calcium carbonate, polyols, and other specialty chemicals. The company’s revenue model is primarily driven by its ability to supply these products to diverse sectors, including plastics, food processing, and construction, where they are used as essential raw materials. Key revenue streams include bulk sales to industrial clients and long-term contracts with manufacturers. Additionally, GULPOLY may engage in partnerships with other companies for research and development or distribution, enhancing its market reach and operational efficiency. The company also benefits from economies of scale due to its manufacturing capabilities, allowing it to maintain competitive pricing while maximizing profit margins.

Gulshan Polyols Limited Financial Statement Overview

Summary

Gulshan Polyols Limited shows strong revenue growth and a solid gross profit margin. However, the decline in net profit margin and negative free cash flow highlight areas for improvement, particularly in managing operational expenses and capital investments.

Income Statement

Gulshan Polyols Limited has demonstrated strong revenue growth over the years with an impressive revenue increase from 2024 to 2025. The gross profit margin is solid, indicating efficient cost management. However, net profit margin has shown some variability, reducing slightly in the recent year, which could suggest rising operational costs or other expenses affecting profitability. Overall, the income statement reflects strong revenue growth and robust gross profit margins, but the recent decrease in net profit margin warrants attention.

Balance Sheet

The company has maintained a balanced debt-to-equity ratio, indicating prudent financial leverage. The equity ratio remains healthy, showcasing a strong asset base relative to liabilities. Return on equity has fluctuated, reflecting changes in net income. The balance sheet reflects financial stability with a strong equity base, though the increasing debt levels over the years should be monitored to ensure continued financial health.

Cash Flow

Operating cash flow has been positive, but free cash flow has been negative in recent years, highlighting significant capital expenditures. The operating cash flow to net income ratio suggests efficient cash generation relative to reported profits. However, the negative free cash flow implies that the company may be investing heavily, potentially affecting short-term liquidity. The cash flow statement indicates solid operating performance, but the negative free cash flow requires attention to ensure it aligns with strategic growth initiatives.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.58B	20.20B	13.58B	11.80B	10.95B	7.66B
Gross Profit	6.44B	6.24B	3.29B	1.29B	1.86B	1.52B
EBITDA	1.13B	1.00B	702.84M	950.63M	1.52B	1.33B
Net Income	281.15M	246.66M	177.58M	451.82M	852.49M	621.17M
Balance Sheet
Total Assets	0.00	13.23B	11.56B	9.88B	7.74B	5.07B
Cash, Cash Equivalents and Short-Term Investments	169.94M	169.94M	211.26M	85.44M	1.22B	192.61M
Total Debt	0.00	3.97B	3.54B	2.53B	1.17B	119.98M
Total Liabilities	-6.13B	7.10B	5.66B	4.13B	2.39B	1.31B
Stockholders Equity	6.13B	6.13B	5.90B	5.75B	5.35B	3.76B
Cash Flow
Free Cash Flow	0.00	-145.90M	-1.13B	-2.39B	-524.14M	828.54M
Operating Cash Flow	0.00	416.80M	662.78M	154.41M	609.30M	975.07M
Investing Cash Flow	0.00	-543.17M	-1.58B	-2.47B	-1.36B	-46.86M
Financing Cash Flow	0.00	132.41M	876.00M	1.24B	1.70B	-772.12M

Gulshan Polyols Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 138.90
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 138.9 is below the 20-day moving average (MA) of 147.90, below the 50-day MA of 153.07, and below the 200-day MA of 174.15, indicating a neutral trend. The MACD of 0.92 indicates Negative momentum. The RSI at 55.29 is Neutral, neither overbought nor oversold. The STOCH value of 28.60 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNFC	70 Outperform	₹72.90B	12.97	―	3.67%	-9.97%	9.63%
ANDHRSUGAR	68 Neutral	₹10.41B	30.12	―	0.98%	13.67%	-49.78%
INDIAGLYCO	64 Neutral	₹62.85B	25.78	―	0.50%	7.46%	33.78%
GULPOLY	63 Neutral	₹9.46B	22.18	―	0.19%	35.17%	92.73%
SRHHYPOLTD	63 Neutral	₹9.46B	10.37	―	0.57%	-16.07%	24.54%
EPIGRAL	62 Neutral	₹72.54B	16.61	―	0.36%	17.88%	68.05%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Gulshan Polyols Limited Corporate Events

Gulshan Polyols Reports No Physical Share Transfer Requests

Gulshan Polyols Limited has announced that during the period from July 7, 2025, to September 30, 2025, they did not receive any requests for the re-lodgement of transfer of physical shares. This report is in accordance with the SEBI Circular dated July 2, 2025, and has been confirmed by their Registrar and Share Transfer Agent, Alankit Assignments Limited. The lack of requests indicates a stable situation in the company’s share transfer processes, potentially reflecting a shift towards digital or dematerialized shares, which aligns with broader industry trends.

Gulshan Polyols Limited Reports Q1 Financial Results and Plans Capital Raising

Gulshan Polyols Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter ending June 30, 2025, during its board meeting. Additionally, the company has approved a proposal to raise up to Rs. 250 Crores through Qualified Institutions Placement or other capital raising methods, indicating a strategic move to enhance its financial capabilities and potentially expand its operations.