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GHCL trades in green on the BSE

21 Nov 2012 Evaluate

GHCL is currently trading at Rs. 37.10, up by 0.15 points or 0.41% from its previous closing of Rs. 36.95 on the BSE.

The scrip opened at Rs. 37.00 and has touched a high and low of Rs. 38.00 and Rs. 36.55 respectively. So far 339753 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.20 on 23-Oct-2012 and a 52 week low of Rs. 27.30 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 39.00 and Rs. 36.55 respectively. The current market cap of the company is Rs. 375.07 crore.

The promoters holding in the company stood at 17.60% while Institutions and Non-Institutions held 11.31% and 71.09% respectively.

CARE has reaffirmed ‘BBB’ ratings assigned to the bank facilities of GHCL, which aggregates to the worth of Rs 968.45 crore. The credit rating agency, has also reaffirmed ‘BBB / A3’ rating assigned to company’s long-term/short-term bank facilities aggregating to the worth of Rs 998 crore.

The ratings continue to factor in the stable operating performance of the soda ash division of GHCL and reduction in its debt levels including guaranteed debt. The ratings further continue to be underpinned by GHCL’s established position in the domestic soda ash industry and favourable industry growth prospects. The ratings also factor in the improved operational performance of the company’s textile segment.

The ratings, however, continue to be constrained by GHCL’s high leverage due to write-off of investments/advances related to overseas subsidiaries and inherent cyclicality associated with the textile industry. The ratings are also constrained by foreign exchange fluctuation risk on its imports as well as foreign currency loans.

GHCL is a leading producer of synthetic soda ash in India with an installed capacity of 8.5 lakh Tonnes Per Annum (TPA) located in Gujarat. Over the years, it has diversified into yarn and home textile products. While its yarn division, with an installed capacity of 1,48,280 spindles, is located in Tamil Nadu, the home textile plant with a weaving capacity of 25,000 meter per day and processing capacity of 1 lakh meter per day for home-textiles (bed sheets and curtain panels) is located at Vapi (Gujarat). 

GHCL Share Price

495.30 -7.00 (-1.39%)
24-Apr-2026 16:59 View Price Chart
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