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Gulshan Polyols Limited (GULPOLY.NS)

INR181.70 -4.59 (-2.46%)
IN NSE Basic Materials Chemicals
Address G-81, Preet Vihar 110092
Delhi, IN
CEO Ashwani Kumar Vats
Website gulshanindia.com
IPO 2015-01-28
ISIN INE255D01024

Explore sections of this company profile

Also trades on Bombay Stock Exchange · GULPOLY.BO (INR) National Stock Exchange of India · GULPOLY.NS (INR)
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 Holdings Pvt. Ltd. Its extensive product portfolio includes a comprehensive range of starch-derived sweeteners such as sorbitol 70% solution, dextrose monohydrate, malto dextrine powder, and liquid glucose, in addition to various rice syrups (fructose, brown, and solids). Gulshan Polyols also supplies organic sweeteners and offers activated, precipitated, and ground forms of calcium carbonate. Within its distillery division, the company manufactures grain-based extra neutral alcohol and ethanol derived from damaged food grains. Its offerings further extend to country liquor, bottling services, sanitizers, and dried distillers grain solids. Gulshan Polyols also produces alcoholic beverages marketed under the "Tiger Gold" and "Golden Deer" brands. Furthermore, the company specializes in a variety of agro-based animal feed components, including corn/maize gluten feed, corn germ, enriched fiber/cattle feed, rice protein/gluten, and corn steep liquor. A selection of native and maize starches in various grades is also available. Their extensive clientele spans sectors such as pharmaceuticals, personal care, footwear, tires, rubber, plastics, paints, alcohol production, paper, agrochemicals, and the broader food and agriculture industries.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR181.70 -4.59 (-2.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
489.2K
Beta
0.20
Float Shares
62.12M
Free Float %
99.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.39% -7.03% -2.85% +9.50% +26.80% +24.14% -5.64% -17.65% +24.74% +220.04% +364.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
181.70
Quality scores
Altman Z-Score
3.46
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Chemicals: +4.0%
    +14.5% ★ Q1'26: +7.0% (vs Q1'25)
  • ✓
    EPS growth Chemicals: +11.7%
    +334.9% ★ Q1'26: +437.5% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Chemicals: +41.7%
    +5.0% Q1'26: -7.0% (vs Q1'25)
  • ✗
    EBIT margin Chemicals: +7.1%
    +8.1% ★ Q1'26: +9.8% (vs Q1'25)
  • ✗
    ROIC Chemicals: +3.4%
    +13.7% ★ Q1'26: +17.8% (vs Q1'25)
  • ✓
    Share dilution Chemicals: +0.0%
    -0.2% ★ Q1'26: -0.2% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Chemicals: 0.55×
    1.35× Q1'26: 1.19× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.25) × ERP
WACC = 78% × Ke + 22% × Kd (13.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Current price: 181.70
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2014
actual 		Mar 2015
actual 		Mar 2016
actual 		Mar 2017
actual 		Mar 2018
actual 		Mar 2019
actual 		Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
1 Rev. Ana.
1 EPS Ana. 		Mar 2027
1 Rev. Ana.
1 EPS Ana. 		Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
3.25B
est: 3.40B (-4.2%)
4.02B
est: 4.22B (-4.6%)
4.34B
est: 4.35B (-0.1%)
4.95B
est: 4.22B (+17.4%)
6.24B
est: 4.35B (+43.5%)
6.59B
est: 5.07B (+29.9%)
6.01B
est: 5.94B (+1.1%)
7.66B
est: 6.90B (+11.1%)
10.95B
est: 10.79B (+1.5%)
11.80B
est: 11.74B (+0.5%)
13.58B
est: 15.16B (-10.4%)
20.20B
est: 21.19B (-4.7%)
23.59B
23.59B – 23.59B
+11.3% YoY
27.51B
27.51B – 27.51B
+16.6% YoY
28.70B
28.70B – 28.70B
+4.3% YoY
EBITDA
477.45M
est: 335.98M (+42.1%)
570.03M
est: 417.07M (+36.7%)
653.99M
est: 564.31M (+15.9%)
652.23M
est: 720.68M (-9.5%)
712.59M
est: 430.16M (+65.7%)
851.48M
est: 501.88M (+69.7%)
698.23M
est: 588.11M (+18.7%)
1.33B
est: 682.21M (+95.0%)
1.52B
est: 1.07B (+42.6%)
950.63M
est: 1.16B (-18.1%)
702.84M
est: 1.50B (-53.1%)
1.00B
est: 1.78B (-43.8%)
1.99B
1.99B – 1.99B
+11.3% YoY
2.32B
2.32B – 2.32B
+16.6% YoY
2.42B
2.42B – 2.42B
+4.3% YoY
EBIT
342.01M
est: 241.68M (+41.5%)
351.30M
est: 300.01M (+17.1%)
416.65M
est: 324.71M (+28.3%)
371.39M
est: 427.65M (-13.2%)
347.74M
est: 309.43M (+12.4%)
408.11M
est: 361.02M (+13.0%)
388.03M
est: 423.05M (-8.3%)
1.00B
est: 490.73M (+104.7%)
1.20B
est: 767.54M (+56.0%)
663.28M
est: 835.29M (-20.6%)
379.14M
est: 1.08B (-64.9%)
628.41M
est: 1.29B (-51.4%)
1.44B
1.44B – 1.44B
+11.3% YoY
1.68B
1.68B – 1.68B
+16.6% YoY
1.75B
1.75B – 1.75B
+4.3% YoY
Net Income
271.23M
est: 357.65M (-24.2%)
254.77M
est: 478.29M (-46.7%)
304.94M
est: 262.76M (+16.1%)
273.44M
est: 352.11M (-22.3%)
182.42M
est: 333.49M (-45.3%)
214.25M
est: 388.42M (-44.8%)
205.84M
est: 341.56M (-39.7%)
621.17M
est: 367.07M (+69.2%)
852.49M
est: 1.09B (-21.7%)
451.82M
est: 468.60M (-3.6%)
177.58M
est: 287.41M (-38.2%)
246.66M
est: 642.38M (-61.6%)
891.85M
891.85M – 891.85M
+38.8% YoY
1.48B
1.48B – 1.48B
+65.7% YoY
1.62B
1.62B – 1.62B
+9.7% YoY
SGA
417.17M
est: 166.16M (+151.1%)
62.36M
est: 206.26M (-69.8%)
556.34M
est: 149.31M (+272.6%)
377.04M
est: 197.57M (+90.8%)
62.55M
est: 212.74M (-70.6%)
64.02M
est: 248.20M (-74.2%)
385.65M
est: 290.85M (+32.6%)
454.78M
est: 337.39M (+34.8%)
638.99M
est: 527.70M (+21.1%)
633.20M
est: 574.27M (+10.3%)
710.72M
est: 741.74M (-4.2%)
421.58M
est: 785.18M (-46.3%)
874.02M
874.02M – 874.02M
+11.3% YoY
1.02B
1.02B – 1.02B
+16.6% YoY
1.06B
1.06B – 1.06B
+4.3% YoY
EPS
5.16
est: 5.72 (-9.9%)
4.60
est: 7.66 (-39.9%)
5.31
est: 5.34 (-0.5%)
4.86
est: 7.66 (-36.5%)
3.24
est: 5.34 (-39.3%)
3.81
est: 6.22 (-38.7%)
3.66
est: 5.47 (-33.0%)
10.44
est: 5.88 (+77.7%)
13.67
est: 17.42 (-21.5%)
7.24
est: 7.50 (-3.5%)
2.85
est: 4.60 (-38.0%)
3.95
est: 10.30 (-61.7%)
14.30
14.30 – 14.30
+38.8% YoY
23.70
23.70 – 23.70
+65.7% YoY
26.00
26.00 – 26.00
+9.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-27 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-26 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-25 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-22 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-21 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-20 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-19 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-18 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-15 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C- 1/5 1/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.95B
OE per share TTM
31.19
Owner's Yield
17.76%
Maintenance CapEx ratio
164.44%
Maint CapEx / Avg PPE
38.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.56M
Shares Outstanding
62.37M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chandra Kumar Jain Executive Chairman & MD 30M —
Aditi Pasari Joint MD & Whole Time Executive Director 10M female
Arushi Jain Joint MD & Whole Time Executive Director 10M female
Ashwani Kumar Vats Chief Executive Officer & Whole-Time Executive Director 9M male
Arvind Kumar Gupta Vice President of Sales & Marketing — male
Ajay Agarwal Human Resources Head — male
Preeti Singhal Company Secretary & Compliance Officer — female
Rajiv Gupta Chief Financial Officer — male
Vinod Chauhan General Manager of Operations — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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