Gulshan Polyols Limited (IN:GULPOLY)
:GULPOLY
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Gulshan Polyols Limited
(GULPOLY)
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Rating:80Outperform
Price Target:
₹198.00
▲(38.61% Upside)
Action:ReiteratedDate:04/09/26
The score is driven primarily by strong technical momentum (price above key moving averages with positive MACD) and attractive valuation (low P/E and high dividend yield). Financial performance is solid overall, but the recent net margin softness and negative free cash flow from heavy capex temper the rating.
Positive Factors
Revenue Growth
Consistent double-digit revenue growth demonstrates durable demand for the company's products and expanding market reach. Over a 2–6 month horizon this supports stable top-line momentum, underpins capacity utilization, and provides a base for future earnings expansion if margins hold.
Negative Factors
Negative Free Cash Flow
Persistent negative free cash flow from heavy capex reduces internal funding capacity and can force reliance on external financing. Over the medium term this can pressure liquidity and raise financing costs unless capex generates returns that materially lift operating cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent double-digit revenue growth demonstrates durable demand for the company's products and expanding market reach. Over a 2–6 month horizon this supports stable top-line momentum, underpins capacity utilization, and provides a base for future earnings expansion if margins hold.
Read all positive factors
Gulshan Polyols Limited (GULPOLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.75B
Dividend Yield0.22%
Average Volume (3M)9.06K
Price to Earnings (P/E)5.4
Beta (1Y)1.50
Revenue Growth35.17%
EPS Growth92.73%
CountryIN
Employees523
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)6.56
Shares Outstanding62,370,586
10 Day Avg. Volume3,825
30 Day Avg. Volume9,059
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)1.87
Price to Sales (P/S)0.57
P/FCF Ratio-78.45
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)40.4
Revenue Forecast (FY)₹33.49B
Gulshan Polyols Limited Business Overview & Revenue Model
Company Description
Gulshan Polyols Limited engages in the mineral and grain processing, and distillery businesses in India and internationally. The company provides starch sugar products, such as sorbitol 70% solution, dextrose monohydrate, malto dextrine powder, an...
How the Company Makes Money
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Gulshan Polyols Limited Financial Statement Overview
Summary
Income Statement
80
Positive
Balance Sheet
75
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.60B | 20.20B | 13.58B | 11.80B | 10.95B | 7.66B |
| Gross Profit | 6.84B | 6.24B | 3.29B | 1.29B | 1.86B | 1.52B |
| EBITDA | 1.38B | 1.00B | 702.84M | 950.63M | 1.52B | 1.33B |
| Net Income | 426.46M | 246.66M | 177.58M | 451.82M | 852.49M | 621.17M |
Balance Sheet | ||||||
| Total Assets | 12.91B | 13.23B | 11.56B | 9.88B | 7.74B | 5.07B |
| Cash, Cash Equivalents and Short-Term Investments | 178.54M | 169.94M | 211.26M | 85.44M | 1.22B | 192.61M |
| Total Debt | 4.53B | 3.97B | 3.54B | 2.53B | 1.17B | 119.98M |
| Total Liabilities | 6.50B | 7.10B | 5.66B | 4.13B | 2.39B | 1.31B |
| Stockholders Equity | 6.40B | 6.13B | 5.90B | 5.75B | 5.35B | 3.76B |
Cash Flow | ||||||
| Free Cash Flow | -384.65M | -145.90M | -1.13B | -2.39B | -524.14M | 828.54M |
| Operating Cash Flow | -258.24M | 416.80M | 662.78M | 154.41M | 609.30M | 975.07M |
| Investing Cash Flow | -122.16M | -543.17M | -1.58B | -2.47B | -1.36B | -46.86M |
| Financing Cash Flow | 376.73M | 132.41M | 876.00M | 1.24B | 1.70B | -772.12M |
Gulshan Polyols Limited Technical Analysis
Positive
142.85
Price Trends
149.12
Positive
145.02
Positive
153.61
Positive
Market Momentum
2.01
Negative
66.46
Neutral
83.97
Negative
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 154.23, below the 50-day MA of 149.12, and below the 200-day MA of 153.61, indicating a bullish trend. The MACD of 2.01 indicates Negative momentum. The RSI at 66.46 is Neutral, neither overbought nor oversold. The STOCH value of 83.97 is Negative, 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹10.75B | 5.40 | ― | 0.22% | 35.17% | 92.73% | |
70 Outperform | ₹61.66B | 12.10 | ― | 3.68% | -7.53% | 42.74% | |
68 Neutral | ₹10.16B | 11.48 | ― | 1.06% | 16.68% | 15.13% | |
67 Neutral | ₹43.62B | 33.65 | ― | 0.46% | 8.51% | 32.37% | |
65 Neutral | ₹61.43B | 23.54 | ― | 0.47% | 5.61% | 33.63% | |
63 Neutral | ₹7.72B | 9.34 | ― | 0.56% | -7.93% | 11.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:GULPOLY
Gulshan Polyols Limited
172.30
-11.91
-6.47%
IN:ANDHRSUGAR
Andhra Sugars Limited
74.99
8.20
12.28%
IN:EPIGRAL
Epigral Ltd
1,011.05
-664.52
-39.66%
IN:GNFC
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
419.65
-40.99
-8.90%
IN:INDIAGLYCO
India Glycols Limited
916.55
314.61
52.27%
IN:SRHHYPOLTD
Sree Rayalaseema Hi-Strength Hypo Limited
449.80
-39.92
-8.15%
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.