| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 640 | 593 | +7.9% |
| EBITDA | 84.9 | 36.6 | +132.0% |
| EBITDA margin | 13.3% | 6.2% | +7.1 pts |
| Profit before tax | 73.4 | 19.9 | +268.8% |
| Net profit | 53.5 | 13.2 | +306.1% |
| EPS | ₹8.58 | ₹2.11 | +306.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 927 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 27.8 | 27.8 | 14.6 | 12.8 | 8.5 | ||
| 313 | 313 | 392 | 349 | 248 | ||
| 1,212 | — | — | — | — | ||
| 2,359 | 2,312 | 2,020 | 1,378 | 1,180 | ||
| — | +14.5% | +46.6% | +16.8% | — | ||
| 278 | 230 | 95.4 | 58.2 | 88.2 | ||
| 11.8% | 9.9% | 4.7% | 4.2% | 7.5% | ||
| 233 | 184 | 58.1 | 25.8 | 59.4 | ||
| 147 | 107 | 24.8 | 17.6 | 45.4 | ||
| 6.3% | 4.6% | 1.2% | 1.3% | 3.9% | ||
| ₹23.65 | ₹17.18 | ₹3.97 | ₹2.83 | ₹7.27 | ||
| — | +332.3% | +40.5% | −61.1% | — | ||
| — | 207 | 41.8 | 66.2 | 15.6 | ||
| — | −26.4 | −56.3 | −179 | −254 | ||
| 181 | 181 | −14.5 | −113 | −239 | ||
From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 927.2 | |
| - Cash, Equiv & ST Investments | 8.5 | 12.8 | 14.6 | 27.8 | 27.8 | |
| + Total Debt | 248.0 | 348.9 | 391.7 | 312.5 | 312.5 | |
| Enterprise Value | — | — | — | — | 1,212.0 | |
| Revenue | 1,179.7 | 1,378.0 | 2,019.7 | 2,312.4 | 2,359.1 | |
| Growth %, YoY | — | +16.8 | +46.6 | +14.5 | — | |
| EBITDA | 88.2 | 58.2 | 95.4 | 229.7 | 278.0 | |
| Margin % | 7.47 | 4.22 | 4.73 | 9.93 | 11.79 | |
| EBIT | 59.4 | 25.8 | 58.1 | 184.5 | 232.8 | |
| Net Income | 45.4 | 17.6 | 24.8 | 107.1 | 147.5 | |
| Margin % | 3.85 | 1.28 | 1.23 | 4.63 | 6.25 | |
| EPS, Adj (current shares) | 7.27 | 2.83 | 3.97 | 17.18 | 23.65 | |
| Growth %, YoY | — | -61.1 | +40.5 | +332.3 | — | |
| Cash from Operations | 15.6 | 66.2 | 41.8 | 207.4 | — | |
| Capital Expenditures | -254.3 | -179.2 | -56.3 | -26.4 | — | |
| Free Cash Flow | -238.7 | -113.0 | -14.5 | 181.1 | 181.1 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Gulshan Polyols (NSE: GULPOLY) had a market capitalisation of ₹887 crore at the 30 October 2026 close (₹142.19 a share), a PE ratio of 6.0 on the last four quarters' profit and a price-to-book ratio of 1.23. In FY26 its standalone net profit was ₹107 crore on revenue of ₹2,312 crore; in Q1 FY27 (April–June 2026) it was ₹53.5 crore, up 306.1% year on year. Its debt-to-equity ratio was 0.43 on 31 March 2026. Promoters held 66.80% of the shares on 30 September 2026.
Gulshan Polyols' PE ratio is 6.0 at the 30 October 2026 close (₹142.19 a share): a market capitalisation of ₹887 crore divided by standalone net profit of ₹147 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹107 crore) it is 8.3.
Gulshan Polyols' debt-to-equity ratio was 0.43 on 31 March 2026: borrowings of ₹313 crore against total equity of ₹719 crore. A year earlier, on 31 March 2025, it was 0.64.
Gulshan Polyols' net worth — shareholders' equity in its standalone balance sheet — was ₹719 crore on 31 March 2026, up 17.2% from ₹613 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹887 crore at the 30 October 2026 close.
Gulshan Polyols' price-to-book (PB) ratio is 1.23 at the 30 October 2026 close: a market capitalisation of ₹887 crore divided by shareholders' equity (book value) of ₹719 crore on 31 March 2026. That is a book value of ₹115.21 per share against a share price of ₹142.19.
In FY26, Gulshan Polyols' return on equity (ROE) was 16.1% and its return on capital employed (ROCE) was 21.7%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 4.1% and ROCE 7.0%.
Gulshan Polyols' book value per share was ₹115.21 on 31 March 2026: shareholders' equity of ₹719 crore divided by the 6.24 crore shares in issue, up 17.2% from ₹98.34 a year earlier. The share price at the 30 October 2026 close was ₹142.19.
Gulshan Polyols' market capitalisation was ₹887 crore at the 30 October 2026 close: 6.24 crore shares at ₹142.19 each.
Gulshan Polyols' basic earnings per share (EPS) were ₹17.18 in FY26, against ₹3.97 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹23.65.
In 2026, Gulshan Polyols has declared one dividend: ₹1.50 with record date 28 August 2026.
No. Gulshan Polyols had borrowings of ₹313 crore on 31 March 2026 (standalone balance sheet), a debt-to-equity ratio of 0.43. Its cash and current investments were ₹28.1 crore, so its net debt was ₹284 crore.
Promoters held 66.80% of Gulshan Polyols on 30 September 2026, unchanged from the previous quarter and up 0.09 percentage points from 66.71% a year earlier, according to the shareholding pattern filed with NSE.
Gulshan Polyols has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
Gulshan Polyols' dividend yield is 1.05% at the 30 October 2026 close: dividends of ₹1.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹142.19. They were ₹1.50 on 28 August 2026.
In FY26, Gulshan Polyols generated ₹207 crore of cash from operations and spent ₹26.4 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹181 crore. In FY25 it was −₹14.5 crore.
Gulshan Polyols' latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: standalone net profit ₹53.5 crore, up 306.1% from ₹13.2 crore in Q1 FY26; revenue from operations ₹640 crore, up 7.9% year on year.
On 30 September 2026, Gulshan Polyols' shares were held by promoters 66.80%, foreign portfolio investors (FII/FPI) 0.26%, domestic institutions (DII) 0.00% and retail and other non-institutional investors 32.64%. Over the year, FII holding was up 0.26 percentage points from 0.00% and DII holding was down 0.07 percentage points from 0.07%.
In FY26 (April 2025–March 2026), Gulshan Polyols' standalone net profit was ₹107 crore, up 332.3% from ₹24.8 crore in FY25, on revenue from operations of ₹2,312 crore (up 14.5%). Over three years, from FY23, net profit was up 136.2%.
At the 30 October 2026 closing prices, on FY26 net profit, Gulshan Polyols' PE ratio is 8.3, the lowest of the four: AVT Natural Products 24.8, Bombay Super Hybrid Seeds 32.7 and Chaman Lal Setia Exports 11.2, a peer average of 22.9. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 standalone figures, against AVT Natural Products, Bombay Super Hybrid Seeds and Chaman Lal Setia Exports: Gulshan Polyols' operating margin of 8.0% is the lowest of the four (AVT Natural Products 9.4%, Bombay Super Hybrid Seeds 9.9%, Chaman Lal Setia Exports 10.6%; peer average 10.0%); its return on equity of 16.1% is the second highest of the four (AVT Natural Products 10.4%, Bombay Super Hybrid Seeds 22.7%, Chaman Lal Setia Exports 14.6%; peer average 15.9%); its revenue growth over three years of 25.2% a year is the highest of the four (AVT Natural Products 5.5% a year, Bombay Super Hybrid Seeds 14.7% a year, Chaman Lal Setia Exports 1.2% a year; peer average 7.2% a year).
In FY26, Gulshan Polyols earned net profit of ₹107 crore on revenue of ₹2,312 crore, against ₹53.9 crore on ₹684 crore for AVT Natural Products. Gulshan Polyols' operating margin was 8.0% (AVT Natural Products 9.4%) and its return on equity 16.1% (AVT Natural Products 10.4%). At the 30 October 2026 close, Gulshan Polyols' market capitalisation was ₹887 crore against ₹1,338 crore for AVT Natural Products, and its PE ratio on FY26 profit 8.3 against 24.8.
From Gulshan Polyols' own standalone results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Standalone figures from the company's filings with NSE; prices are NSE closing prices.