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Galaxy Surfactants Ltd (GALAXYSURF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540935 NSE: GALAXYSURF Household & Personal Products | Small Cap | Galaxy Surfactants Share Price

₹1,934.10 7.25 (0.38%)

As on 23-Jul'26 16:59

Galaxy Surfactants Ltd (GALAXYSURF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540935 NSE: GALAXYSURF Household & Personal Products | Small Cap | Galaxy Surfactants Share Price

₹1,934.10 7.25 (0.38%)

As on 23-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹6,832 Cr.
Current Price
₹1,934.1
52-Week Low / High
₹1,512 / 2,750
TTM EPS
₹75.4
TTM Sales
₹5,248 Cr.
Book Value per Share
₹773.5
P/E Ratio
25.55
Lower than its 5-year historical median
Industry PE
47
Price to Book (P/B)
2.49
Lower than its 5-year historical median
Price to Sales (P/S)
1.30
Lower than its 5-year historical median
EV/EBITDA
13.51
Lower than its 5-year historical median
Dividend Yield
1.14%
Profitability Efficiency
Return on Equity (ROE)
10.48%
Outperforms industry median
Return on Capital Employed (ROCE)
13.39%
Outperforms industry median
Return on Assets (ROA)
7.31%
Operating Profit Margin
9.1%
Net Profit Margin
5.09%
Gross Profit Margin
8.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.26%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-3.51%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-12.31%
Asset Quality
Promoter Holding
70.90%
Pledged shares (%) of Promoter's holding (%)
0.03%
Reserves
₹2,707 Cr.
Equity
₹35.5 Cr.
Face Value
₹10
All Time Low / High
₹885.00 / 3600.00

Galaxy Surfactants stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Undervalued

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Price Trend

Semi Strong
Check Price chart
Q.1 Is Galaxy Surfactants Ltd a good quality company?
Galaxy Surfactants Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Galaxy Surfactants Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Galaxy Surfactants Ltd vs industry peers?
Galaxy Surfactants Ltd revenue CAGR is 10.22%, compared to the industry median CAGR of 2.59%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Galaxy Surfactants Ltd?
Promoters hold 70.90% of the Galaxy Surfactants Ltd, with 0.02% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Galaxy Surfactants Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -9.81% based on the current price.
View More

10 Year X-Ray :

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.
Galaxy Surfactants Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ25.8%24.5%27.4%23.9%25.6%19.5%24.2%17.8%16.6%13.4%-
Value Creation
Index ⓘ		0.90.81.00.80.90.40.80.30.20.0-

Growth Parameters ⓘ
Sales ⓘ2,1612,4342,7632,5962,7843,6864,4643,7944,2245,2485,248
Sales YoY Gr.-12.6%13.5%-6%7.2%32.4%21.1%-15%11.3%24.3%-
Adj EPS ⓘ41.643.755.164.98574.210781.586.379.675.4
YoY Gr.-5.2%26%17.9%31%-12.7%44.2%-23.8%5.9%-7.7%-
BVPS (₹) ⓘ162.2202.8247.3301.2367.1444.1531614.7666.4773.6773.5
Adj Net
Profit ⓘ		147155195230301263379289306282267
Cash Flow from Ops. ⓘ1111452833163654.9573518421333-
Debt/CF from Ops. ⓘ3.52.41.11.20.774.20.50.30.30.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ10.4%13.5%5.5%24.3%
Adj EPS ⓘ7.5%-1.3%-9.4%-7.7%
BVPSⓘ19%16.1%13.4%16.1%
Share Price - -8.8% -10.4% -25.4%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		292424.523.725.418.321.914.213.511.19.8
Op. Profit
Mgn % ⓘ		12.611.812.814.216.110.912.712.211.59.19.1
Net Profit
Mgn % ⓘ		6.86.47.18.910.87.18.57.67.25.45.1
Debt to
Equity ⓘ		0.70.50.30.40.20.20.10.10.10.10
Working Cap
Days ⓘ		11312912513213113012213212911882
Cash Conv.
Cycle ⓘ		5055535958626166575345

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,1612,4342,7632,5962,7843,6864,4643,7944,2245,248
Operating Expenses ⓘ + 1,8902,1462,4162,2292,3373,2863,8973,3343,7414,783
Manufacturing Costs112119126128134161186193192187
Material Costs1,4601,6861,8871,6581,7112,5123,0132,4862,7963,836
Employee Cost 142146160178204212248275303328
Other Costs ⓘ 176195243264287402449379451431
Operating Profit ⓘ 271288347367447400567461483466
Operating Profit Margin (%) 12.6%11.8%12.6%14.2%16.1%10.8%12.7%12.1%11.4%8.9%
Other Income ⓘ + 1010117121411372732
Exceptional Items ⓘ 000000000-12
Interest ⓘ 27313024131322221931
Depreciation ⓘ 47495162747183100110123
Profit Before Tax ⓘ 207219277289372329473375380332
Tax ⓘ 60618658706792747664
Profit After Tax 148158191230302263381301305267
PAT Margin (%) 6.8%6.5%6.9%8.9%10.9%7.1%8.5%8.0%7.2%5.1%
Adjusted EPS (₹)41.644.653.965.085.274.1107.585.086.075.4
Dividend Payout Ratio (%)14.40%15.70%14.90%21.50%21.10%24.30%20.50%25.90%25.60%29.20%

Valuation of Galaxy Surfactants - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 5757198771,0681,3011,5741,8832,1792,3632,742
Share Capital ⓘ 35353535353535353535
Reserves ⓘ 5396838411,0321,2661,5391,8472,1442,3272,707
Debt +33329225332023733624094128153
Long Term Debt128728911777808946176
Short Term Debt20522016420316025715148110147
Minority Interest0000000000
Trade Payables252328306273377519430446620651
Others Liabilities ⓘ 122113127151133167175187340319
Total Liabilities ⓘ 1,2831,4521,5631,8122,0492,5972,7282,9063,4503,865

Fixed Assets

Net Fixed Assets ⓘ +4564475197487127609239721,0301,173
Gross Block8438779981,2811,2891,4081,6641,8031,9522,260
Accumulated Depreciation3884304795335776487418319221,087
CWIP ⓘ 10258366124205139159262181
Investments ⓘ 00064300198299474
Inventories317346351325428712646556724794
Trade Receivables347418427439469638615593686750
Cash Equivalents 2628265411171248239216275
Others Assets ⓘ 126189158174161209157189233218
Total Assets ⓘ 1,2831,4521,5631,8122,0492,5972,7282,9063,4503,865

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 1111452833163655573518421333
PBT ⓘ 207219277289372329473375380332
Adjustment ⓘ 747480848280105110104138
Changes in Working Capital ⓘ -113-89111-19-345901114-68
Tax Paid ⓘ -57-58-75-69-71-59-95-78-68-69
Cash Flow From Investing Activity ⓘ + -43-55-167-151-165-84-149-344-295-378
Capex -44-56-168-141-107-155-144-156-216-134
Net Investments 100-11-6268-9-202-85-277
Others ⓘ 121143414634
Cash Flow From Financing Activity ⓘ + -57-90-119-144-16559-264-189-157-51
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -77-61-717-57110-38-53-14
Interest Paid ⓘ -26-29-27-23-15-13-24-23-20-32
Dividend Paid ⓘ -17-13-30-94-49-14-128-14-135-21
Others ⓘ 6413-55-44-4386-122-1135116
Net Cash Flow ⓘ 111-42135-20160-14-31-96

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)29.0424.4323.9423.725.5118.2822.0414.8413.4310.48
ROCE (%)25.7924.5127.3823.9225.6319.524.1617.8216.613.39
Asset Turnover Ratio1.891.81.831.541.441.591.681.351.331.43
PAT to CFO Conversion(x)0.750.921.481.371.210.021.51.721.381.25
Working Capital Days
Receivable Days48.5056.7055.8060.9059.5054.8051.2058.1055.3050
Inventory Days44.9049.104647.5049.4056.4055.5057.8055.3052.80
Payable Days54.7062.8061.3063.7069.3065.1057.5064.3069.6060.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.020.020.020.020.020.020.020.020.020.03
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Galaxy Surfactants Ltd FAQs

The current trading price of Galaxy Surfactants on 23-Jul-2026 16:59 is ₹1,934.1.

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-Jul-2026 the market cap of Galaxy Surfactants stood at ₹6,831.6 Cr

The latest P/E ratio of Galaxy Surfactants as of 22-Jul-2026 is 44.93.

The latest P/B ratio of Galaxy Surfactants as of 22-Jul-2026 is 4.34.

The 52-week high of Galaxy Surfactants is ₹2,750 and the 52-week low is ₹1,512.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Galaxy Surfactants is ₹3,589 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Galaxy Surfactants Ltd is a good quality company.

The key valuation ratios of Galaxy Surfactants Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Galaxy Surfactants Ltd

The company was incorporated on May 20, 1986 as ‘Galaxy Surfactants Private Limited’ at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. Subsequently, the company was converted into a public company pursuant to special resolution passed by shareholders on January 24, 1995 and the name of the company was changed to ‘Galaxy Surfactants Limited’ and a Fresh Certificate of Incorporation consequent upon conversion to public limited Company dated March 13, 1995 was issued by the Registrar of Companies, Maharashtra at Mumbai. 

The company is one of the leading manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care (“PHC”) industry. The company produces a range of vital cosmetic ingredients including active ingredients, UV protection and functional products. Its products cater to some of the largest global brands in the FMCG sector and find applications in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care segments. From a modest beginning in 1980 with two products by its promoters, the company has today transformed its business into a value based, technology driven, environment conscious and customer oriented organization with a vast product portfolio and with sales spread over several countries.

Business area of the company

The company is engaged in manufacturing of surfactants and other specialty ingredients for the personal care and home care industries. Its products find application in a host of consumer centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products.

Product group

  • Fatty Alcohol Sulfates and Ether Sulfates
  • Fatty alcohol Ethoxylates & LABSA
  • Foam & Viscosity Boosters
  • Mild Surfactants
  • Pearlizers
  • Surfactant Blends
  • Syndet and TBB
  • Sunscreens
  • Functional Actives
  • Preservatives and Blends
  • Awards and recognitions

2015

  • The company was accorded “Best Supply Partner” by Unilever Procurement South Asia for Excellence in quality and service.
  • ‘Certificate of Participation’ in Gujarat Cleaner Production Award 2014-15 by Govt. of Gujarat
  • ‘’Trishul Award’’ for the outstanding export performance for the year 2012-13 by CHEMEXCIL
  • ‘’Gold Award’’ for the outstanding export performance for the year 2011-12 by CHEMEXCIL
  • ‘’You can make a difference (YCMAD)’’ award by Colgate in Jan. 2015
  • “Best HR Practices” by National Institute of Personal Management
  • 50 Most Talented CSR Leaders

2016

  • The company was accorded “Gold Award” by CHEMEXIL - Castor Oil and Specialty Chemicals Panel for export performance in Large Scale Sector
  • CSR Leadership Award by National CSR Leadership Congress & Awards for the year 2015-16
  • EcoVadis Gold Recognition Level
  • 5-S workplace mgmt. system to Jhagadia site
  • Certificate of Recognition for Conducting LCA (Lifecycle Assessment) Study in Surfactants Sector in India using GaBi Software (awarded by Thinkstep)
  • Sustainable Beauty Award 2016 - Sustainable Ingredient Award, Runner-up to TRI-K Industries
  • 100 Most Impactful CSR Leaders

2017-18

  • Innovation Award - Best Ingredient Award - GOLD HPCI India 2018 Awarded for its Innovative product ‘Galsoft GLI 21’
  • Responsible Care Logo Indian Chemical Council Recertification of RC logo for India operations
  • Great Place to Work Great Place to Work® Institute for the year 2017-18 Award for its best workplace
  • ‘Iconic Company’ Award to Galaxy & ‘Distinguish Leader’ recognition to Mr. U. Shekhar Indian HPC Industry Association Awarded in ISDC conference at Goa ‘Distinguish Leader’ recognition given to its MD Mr. U. Shekhar for his contribution to the growth and development of the HPC Industry in India
  • 'Innovative Best Practices in Branding’ ITM Institute and Brand Safari CSR case study competition winner
  • 7 ‘Gold’, and 2 ‘Silver’ CCQC Mumbai Quality Circle Competition
  • 2 Gold, and 1 Silver CCQC Ankaleshwar Quality Circle Competition
  • 5 ‘Par Excellence’, 3 ‘Excellence’ 2 ‘Distinguished’ NCQC Mysore Quality Circle Competition

2018-19

  • ICIS Innovation Award 2018 in the Best Process Innovation Category for Green Process for the manufacture of Amino Acid Surfactants
  • Innovation Award: Silver at HPCI Mumbai 2019 for Galguard NT
  • Outstanding Contribution to “Partner to Win” by Unilever, ACI 2019

2019-20

  • Reliable Supplier Recognition
  • Strategic Business Partner on Global Outlook 2020
  • Innovation Award - Gold at HPCI 2020
  • Gold - National Awards for Manufacturing Competitiveness (NAMC) 2019
  • Great Place to WorkCertified for Nov 2019 - Dec 2020
  • IP Excellence in India 2019

Milestones

  • 1986: Incorporation of the company
  • 1995: Acquisition of Galaxy Chemicals
  • 1995: Conversion of the company from private to public company
  • 1995: Amalgamation of GOPL with the company
  • 1997: First sulfonation plant set up at Taloja
  • 1999: Launch of first international office in Bangkok, Thailand, for serving Asia-Pacific Region
  • 2001: Amalgamation of GOIL with the company
  • 2003: GC US became the company’s subsidiary
  • 2004: Setting up of first EOU at Taloja
  • 2008: GHML became the company’s subsidiary
  • 2009: GC Egypt became the company’s Step down subsidiary
  • 2009: Rainbow Holdings became the company’s step down subsidiary
  • 2009: A joint venture was formed in June 2009 by Gerd Dahms, Sebestian Dahms, Andreas Jung and Rainbow Holdings GmbH acquiring shares of OTC GmbH and TRI-K.
  • 2009: TRI-K became the company’s step down subsidiary
  • 2009: Maybrook became the company’s step down subsidiary
  • 2012: Commissioning of Galaxy Chemicals Egypt and Jhagadia Plants
  • 2014: Purchase of business of Surfactants International LLC
  • 2016: Expansion of Jhagadia Plant for mild surfactants
  • 2018: Galaxy Surfactants Limited was listed on the Indian stock exchanges on 8th February, 2018
  • 2018-19: Launched GalFUSION LLDC, a high performing, safe, ecofriendly, value for money premium surfactant concentrate specially designed for Fabric care
  • 2019-20: Galguard LipoG, a non-toxic ingredient for preservation, was manufactured at the pilot-scale 
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