Gulshan Polyols Ltd - Stock Valuation and Financial Performance

BSE: 532457 | NSE: GULPOLY | Consumer Food | Small Cap

Gulshan Polyols Ltd Share Price

214.20 2.90 1.37%
as on 22-Feb'24 10:35

DeciZen - make an informed investing decision on Gulshan Polyols

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Gulshan Polyols stock performance -

mw4me loader
P/E Ratio (SA):
51.04
Market Cap:
1,317.9 Cr.
52-wk low:
159.2
52-wk high:
275

Is Gulshan Polyols Ltd an attractive stock to invest in?

1. Is Gulshan Polyols Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gulshan Polyols Ltd is a below average quality company.

2. Is Gulshan Polyols Ltd undervalued or overvalued?

The key valuation ratios of Gulshan Polyols Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Gulshan Polyols Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gulshan Polyols Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Gulshan Polyols:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gulshan Polyols Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.7%9.6%9.7%7.7%5.7%6.9%6.8%16.7%17%6.5%-
Value Creation
Index
-0.1-0.3-0.3-0.5-0.6-0.5-0.50.20.2-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3254024414936246746217661,1011,1801,274
Sales YoY Gr.-23.7%9.7%11.7%26.6%8%-7.9%23.4%43.7%7.2%-
Adj EPS 5.24.85.54.633.73.710.313.574.1
YoY Gr.--9.2%15.6%-15.8%-34.8%23.2%-1.6%182.2%31.1%-48.5%-
BVPS (₹) 33.737.441.74648.551.654.263.385.892.293.6
Adj Net
Profit
26.625.430.626.11720.920.661.584.543.526
Cash Flow from Ops. 32.249.855.48142.187.144.197.560.915.6-
Debt/CF from Ops. 2.61.82.524.31.72.30.11.815.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.4%13.6%23.9%7.2%
Adj EPS 3.2%18.2%24%-48.5%
BVPS11.8%13.7%19.4%7.4%
Share Price 33.6% 37.8% 42.8% 10.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
15.712.913.410.46.47.46.91818.57.84.5
Op. Profit
Mgn %
14.313.413.812.311.112.411.11713.67.55.1
Net Profit
Mgn %
8.26.36.95.32.73.13.387.73.72
Debt to
Equity
0.50.40.60.60.70.50.300.20.4-
Working Cap
Days
1151061031171171031081038810861
Cash Conv.
Cycle
7770677280777961475919

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.86%

Net Profit is growing at healthy rate in last 3 years 24.01%

Return on Equity has declined versus last 3 years average to 4.50%

Sales growth is not so good in last 4 quarters at 8.77%

Latest Financials - Gulshan Polyols Ltd.

Standalone Consolidated
TTM EPS (₹) 4.1 4.1
TTM Sales (₹ Cr.) 1,274 1,274
BVPS (₹.) 93.6 93.6
Reserves (₹ Cr.) 578 577
P/BV 2.26 2.26
PE 51.04 51.57
From the Market
52 Week Low / High (₹) 159.17 / 274.95
All Time Low / High (₹) 0.17 / 357.50
Market Cap (₹ Cr.) 1,318
Equity (₹ Cr.) 6.2
Face Value (₹) 1
Industry PE 67.7

Management X-Ray of Gulshan Polyols:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gulshan Polyols

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Gulshan Polyols Ltd Stock News

Gulshan Polyols Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gulshan Polyols on 22-Feb-2024 10:35 is ₹214.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Feb-2024 10:35 the market cap of Gulshan Polyols stood at ₹1,317.9.
The latest P/E ratio of Gulshan Polyols as of 22-Feb-2024 10:35 is 51.04.
The latest P/B ratio of Gulshan Polyols as of 22-Feb-2024 10:35 is 2.26.
The 52-week high of Gulshan Polyols is ₹274.9 and the 52-week low is ₹159.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gulshan Polyols is ₹1,274 ( Cr.) .

About Gulshan Polyols Ltd

Gulshan Polyols Ltd. (GPL) was incorporated, to take over the Sorbitol project from Gulshan Sugars & Chemicals Ltd.(GSCL) in terms of scheme of Arrangement/ demerger.

The plant was set-up in 1996 in the State of Gujarat in the parent company i.e. Gulshan Sugars & Chemicals .The plant is equipped with International Quality Equipment and Technology having the largest capacity in India.

The plant is capable to produce Crystalline and Non–crystalline grade of Sorbitol which is a unique feature as compared to other domestic plants. The present installed capacity is 30000 Tones of Sorbitol.

Gulshan Group has diversified interests and is engaged in manufacture of various Industrial Chemicals for Multiple Applications in several companies. The Group was initially engaged in sugar business, which later diversified into the field of Industrial Chemicals. The Group set up its first Indigenous plant to produce ‘Synthetic Fillers’ popularly known as ‘Calcium Carbonate (Caco3) ‘Precipitated and Activated’ in the State of Uttar Pradesh where the high quality Limestone is available in plenty in nearby area.

The Board of Directors of the Gulshan Sugars & Chemicals and Gulshan Polyols at its meeting held on February 14, 2008, has considered the proposal for corporate restructuring involving merger / amalgamation and other related matters. The Board of Directors unanimously approved a proposal for amalgamation / merger of Gulshan Sugars & Chemicals Ltd with Gulshan Polyols Ltd subject to the approval of shareholders, High Court, Stock Exchange and other Regulatory Authorities and compliance of other applicable regulations.

Gulshan Polyols Ltd and Gulshan Sugars & Chemicals Ltd both jointly appointed Price Waterhouse Coopers (PWC) to carry out the valuation exercise and to suggest entitlement ratio upon amalgamation / merger of Gulshan Sugars & Chemicals Ltd with Gulshan Polyols Ltd. PWC have submitted their report to the Board of Directors and recommended the entitlement ratio as under:

The entitlement ratio for Issue of equity shares of Gulshan Polyols Ltd to the shareholders of Gulshan Sugars & Chemicals Ltd as 6:1 i.e. One (Rupees 5/- fully paid up) equity share of Gulshan Polyols Ltd for Six (Rupees 8/- fully paid up) equity shares of Gulshan Sugars & Chemicals Ltd.

The Board of Gulshan Polyols Ltd have accepted and approved the above entitlement ratio subject to the approval of shareholders, Stock Exchange, High Court and compliance of other regulatory and applicable provisions etc.

Product manufactured by the company include:

The Company is engaged in manufacturing of ‘Sorbitol-70%’. Sorbitol, a starch derivative, sweet in taste,  finds wide range application, the major uses in dentrifice, cosmetic, Pharma, Vitamin-C, food products etc.

Achievements/ recognition:

GPL has an accreditation as ISO 9001:2000 certification.

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