Gulshan Polyols Key Ratios
NSE: GULPOLY | BSE: 532457
₹192.73
As on 28-Aug-2026IST
Market cap
₹1,202 Cr
Revenue (TTM)
₹2,359 Cr
P/E Ratio
8.1
P/B Ratio
1.6
Div. Yield
0.8 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 16.17 | 7.86 | 9.30 | 25.17 | 21.70 |
| EBIT | 35.92 | 185.31 | 237.13 | 69.01 | 13.40 |
| Net Profit | 42.53 | 306.15 | 422.53 | 54.70 | 12.17 |
| EPS | 42.53 | 306.15 | 421.95 | 54.64 | 10.18 |
| Book Value | -- | -- | 17.15 | 7.71 | 12.72 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 4.23 | 5.68 | 9.87 | 7.96 | 2.86 |
| Net Margin
| 2.37 | 3.73 | 6.24 | 4.63 | 1.22 |
| Return on equity
| 7.74 | 10.02 | 21.73 | 16.09 | 4.12 |
| Return on Capital
| 9.68 | 12.25 | -- | 18.29 | 6.47 |
| Return on Assets
| 3.93 | 6.05 | 11.23 | 8.16 | 2.00 |
| Debt to Equity (x)
| -- | -- | 0.14 | 0.43 | 0.64 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
18.29
|
6.47
|
4.29
|
9.05
|
|
Peer Median
|
--
|
13.39
|
10.67
|
24.98
|
--
|
ROE
21.73
Higher than Peers by 11.33
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
21.73
|
16.09
|
4.12
|
3.03
|
8.17
|
|
Peer Median
|
10.40
|
10.48
|
7.59
|
20.21
|
--
|
ROA
11.23
Higher than Peers by 4.80
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
11.23
|
8.16
|
2.00
|
1.65
|
5.15
|
|
Peer Median
|
6.43
|
6.67
|
5.44
|
12.91
|
--
|
EBIT Margin
9.87
Lower than Peers by 1.34
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
9.87
|
7.96
|
2.86
|
1.87
|
5.03
|
|
Peer Median
|
11.21
|
12.37
|
11.66
|
11.54
|
--
|
Net Margin
6.24
Lower than Peers by 1.62
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
6.24
|
4.63
|
1.22
|
1.27
|
3.82
|
|
Peer Median
|
7.86
|
7.25
|
7.57
|
9.71
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
6.59
|
3.08
|
3.63
|
6.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.30
Higher than Peers by 3.51
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
9.30
|
14.49
|
46.57
|
16.80
|
7.18
|
|
Peer Median
|
5.79
|
9.52
|
9.11
|
-10.85
|
--
|
EBIT Growth
237.13
Higher than Peers by 240.92
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
237.13
|
218.81
|
123.99
|
-56.53
|
-49.60
|
|
Peer Median
|
-3.79
|
24.37
|
6.88
|
-32.98
|
--
|
Net Profit Growth
422.53
Higher than Peers by 421.43
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
422.53
|
332.27
|
40.51
|
-61.11
|
-46.79
|
|
Peer Median
|
1.09
|
23.57
|
16.56
|
-31.20
|
--
|
EPS Growth
421.95
Higher than Peers by 421.87
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
421.95
|
332.27
|
40.51
|
-61.11
|
-46.79
|
|
Peer Median
|
0.08
|
19.27
|
20.92
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
17.15
|
3.89
|
2.67
|
7.41
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.14
Higher than Peers by 0.09
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
0.14
|
0.43
|
0.64
|
0.59
|
0.43
|
|
Peer Median
|
0.05
|
0.25
|
0.07
|
0.15
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
0.20
|
0.25
|
0.11
|
0.14
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.23
Lower than Peers by 0.47
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
1.23
|
1.23
|
1.11
|
1.40
|
1.43
|
|
Peer Median
|
1.70
|
1.70
|
1.68
|
1.57
|
--
|
Quick Ratio
0.71
Lower than Peers by 0.28
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
0.71
|
0.71
|
0.53
|
0.92
|
0.84
|
|
Peer Median
|
0.99
|
1.02
|
1.31
|
1.19
|
--
|
Interest Coverage
6.04
Lower than Peers by 4.08
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
6.04
|
4.56
|
2.22
|
3.74
|
10.85
|
|
Peer Median
|
10.13
|
6.84
|
7.47
|
19.21
|
--
|
Operating Efficiency
Debtors to sales
8.73
Lower than Peers by 4.56
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
8.73
|
8.90
|
9.13
|
12.11
|
12.01
|
|
Peer Median
|
13.28
|
12.81
|
14.65
|
12.34
|
--
|
Asset Turnover
1.80
Higher than Peers by 1.00
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
1.80
|
1.76
|
1.63
|
1.29
|
1.34
|
|
Peer Median
|
0.79
|
0.90
|
0.86
|
0.92
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
30.80
|
31.74
|
40.84
|
40.39
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
40.47
|
39.78
|
40.74
|
41.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
46.35
|
46.65
|
42.74
|
36.10
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
--
|
24.92
|
24.87
|
38.83
|
45.30
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
8.15
Lower than Peers by 20.06
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
8.15
|
8.33
|
45.10
|
57.36
|
19.35
|
|
Peer Median
|
28.21
|
29.29
|
40.01
|
28.36
|
--
|
Price / Book Value
1.56
Lower than Peers by 0.73
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
1.56
|
1.24
|
1.82
|
1.71
|
1.83
|
|
Peer Median
|
2.29
|
2.00
|
1.93
|
2.13
|
--
|
Dividend Yield
0.78
Higher than Peers by 0.37
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
0.78
|
1.05
|
0.17
|
0.18
|
0.25
|
|
Peer Median
|
0.41
|
0.34
|
0.27
|
0.45
|
--
|
EV/EBITDA
5.24
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
5.24
|
5.08
|
15.02
|
19.20
|
13.61
|
|
Peer Median
|
--
|
22.69
|
22.60
|
12.16
|
--
|
Market Cap
1,202
Lower than Peers by 387
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Gulshan Polyols
|
1,202
|
893
|
1,118
|
1,012
|
1,053
|
|
Peer Median
|
1,589
|
1,581
|
1,454
|
1,457
|
--
|