Gulshan Polyols balance sheet

As of Mar 2026

Total assets: ₹1,304cr−1.4% on Mar 2025
Shareholders' equity: ₹719cr+17.2% on Mar 2025
Total debt: ₹313cr−20.2% on Mar 2025
Cash and investments: ₹27.8cr+90.4% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	694	715	518	276
	7.0	4.0	182	278
	2.7	2.7	2.7	2.7
	0.0	0.0	0.0	0.1
	47.4	3.2	3.0	19.6
	21.1	21.3	14.1	12.3
	68.5	24.4	17.1	31.8
	0.0	0.0	0.0	1.5
	4.9	8.4	2.5	15.7
	777	755	723	606
	223	290	150	157
	0.0	13.4	12.1	3.4
	206	184	167	142
	27.8	1.2	0.7	5.1
	0.3	2.2	8.8	0.6
	70.8	0.0	0.0	—
	305	201	189	151
	—	74.2	89.3	72.7
	528	568	434	382
	1,304	1,323	1,157	988
Equity
	6.2	6.2	6.2	5.2
	712	607	584	570
	719	613	590	575
	719	613	590	575
Liabilities
	100	170	228	128
	5.3	5.3	4.4	4.5
	105	175	233	132
	0.8	0.9	0.5	0.6
	49.4	33.7	23.9	13.7
	1.1	0.0	0.0	—
	157	210	257	146
	212	222	121	120
	159	230	127	80.4
	33.9	21.9	29.7	47.5
	406	474	277	248
	1.9	0.0	0.0	—
	21.4	25.5	32.2	18.2
	429	500	309	267
	586	709	566	413
	1,304	1,323	1,157	988
Assets — additional as-filed lines
	—	2.1	5.4	1.4
Trade payables — MSME split
	15.3	12.8	—	—
	144	218	—	—

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

GULPOLY₹152.00

Gulshan Polyols Limited

· FMCG & Retail

₹ CrorePeersAVTNPL BSHSL CLSEL REGAAL GRMOVER AEROPLANE SANSTAR SUKHJITSMcap ₹948 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	275.8	518.2	715.5	693.7	693.7
+ Capital Work-in-Progress	278.0	182.4	4.0	7.0	7.0
+ Investment Property	2.7	2.7	2.7	2.7	2.7
+ Other Intangibles	0.1	0.0	0.0	0.0	0.0
+ Non-current Investments	19.6	3.0	3.2	47.4	47.4
+ Other Non-current Financial Assets	12.3	14.1	21.3	21.1	21.1
Non-current Financial Assets	31.8	17.1	24.4	68.5	68.5
+ Deferred Tax Assets	1.5	0.0	0.0	0.0	0.0
+ Other Non-current Assets	15.7	2.5	8.4	4.9	4.9
Total Non-current Assets	605.7	722.9	755.1	776.7	776.7
Current Assets
+ Inventories	157.4	150.4	289.9	222.9	222.9
+ Current Investments	3.4	12.1	13.4	0.0	0.0
+ Trade Receivables	141.6	166.9	184.4	205.8	205.8
+ Cash & Cash Equivalents	5.1	0.7	1.2	27.8	27.8
+ Other Bank Balances	0.6	8.8	2.2	0.3	0.3
+ Other Current Financial Assets	—	0.0	0.0	70.8	70.8
Current Financial Assets	150.7	188.5	201.3	304.7	304.7
+ Other Current Assets	72.7	89.3	74.2	—	—
Total Current Assets	382.2	433.6	567.5	527.6	527.6
Total Assets	987.9	1,156.5	1,322.6	1,304.4	1,304.4
Equity
+ Equity Share Capital	5.2	6.2	6.2	6.2	6.2
+ Other Equity / Reserves	569.9	584.2	607.1	712.3	712.3
Equity — Owners of Parent	575.1	590.4	613.4	718.6	718.6
Total Equity	575.1	590.4	613.4	718.6	718.6
Liabilities
+ Borrowings — Non-current	127.5	228.2	169.9	100.1	100.1
+ Other Non-current Financial Liab	4.5	4.4	5.3	5.3	5.3
Non-current Financial Liabilities	132.0	232.6	175.2	105.4	105.4
+ Provisions — Non-current	0.6	0.5	0.9	0.8	0.8
+ Deferred Tax Liabilities	13.7	23.9	33.7	49.4	49.4
+ Other Non-current Liabilities	—	0.0	0.0	1.1	1.1
Non-current Liabilities	146.3	257.0	209.8	156.8	156.8
+ Borrowings — Current	120.5	120.7	221.7	212.4	212.4
+ Trade Payables	80.4	126.5	230.4	159.4	159.4
+ Other Current Financial Liab	47.5	29.7	21.9	33.9	33.9
Current Financial Liabilities	248.3	276.9	474.0	405.7	405.7
+ Current Tax Liabilities	—	0.0	0.0	1.9	1.9
+ Other Current Liabilities	18.2	32.2	25.5	21.4	21.4
Current Liabilities	266.5	309.1	499.5	429.0	429.0
Total Liabilities	412.8	566.1	709.3	585.8	585.8
Total Equity & Liabilities	987.9	1,156.5	1,322.6	1,304.4	1,304.4
Assets — additional as-filed lines
+ Current Tax Assets	1.4	5.4	2.1	—	—
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	12.8	15.3	15.3
+ Dues to Other Creditors — Current	—	—	217.6	144.1	144.1

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.