GULSHAN POLYOLS LIMITED (GULPOLY) financials

GULSHAN POLYOLS LIMITED (GULPOLY) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1981, Gulshan Polyols Ltd is a manufacturer of Ethanol and other specialitychemicals.[1]

Market Cap: ₹1,050Cr.
Current Price: ₹168
Stock P/E: 7.11
ROE: 16.6%
ROCE: 18.6%
Book Value: ₹115
Dividend Yield: 0.89%
52W High / Low: ₹228/122

In Jun 2026, GULSHAN POLYOLS LIMITED (GULPOLY) reported sales ₹640 Cr and net profit ₹54 Cr.

Annual TTM: sales ₹2,359 Cr, net profit ₹147 Cr.

Shareholding: Promoters 66.80% (Sep 2026), FIIs 0.26% (Sep 2026), DIIs 0.00% (Sep 2026), Public 32.65% (Sep 2026), Others 0.30% (Sep 2026).

GULPOLY quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	440	610	515	593	542	627	551	640
Expenses	424	583	486	557	500	542	485	555
Operating Profit	16	27	29	37	42	85	66	85
OPM %	3.7%	4.4%	6%	6%	8%	14%	12%	13%
Other Income	1	1	1	2	0	0	-1	6
Interest	7	8	9	8	8	16	8	7
Depreciation	8	11	10	11	11	12	11	11
Profit before tax	2	9	11	20	22	58	46	73
Tax %	33%	25%	33%	34%	31%	29%	18%	27%
Net Profit	1	7	7	13	16	41	38	54
EPS in Rs	0.21	1.09	1.13	2.11	2.49	6.56	6.02	8.58
Raw PDF	—	—	—	—	—	—	—	—

GULPOLY profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	621	766	1,101	1,180	1,378	2,020	2,312	2,359
Expenses	552	635	951	1,092	1,320	1,923	2,079	2,081
Operating Profit	69	131	150	88	58	97	234	278
OPM %	11%	17%	14%	7%	4.2%	4.8%	10%	12%
Other Income	1	2	2	7	12	3	-2	5
Interest	11	7	5	6	10	28	41	39
Depreciation	31	33	32	29	32	37	45	45
Profit before tax	27	94	115	60	28	35	145	199
Tax %	25%	33%	26%	25%	36%	28%	26%	—
Net Profit	21	62	85	45	18	25	107	147
EPS in Rs	3.66	11.09	14.40	7.27	2.83	3.97	17.18	23.65
Dividend Payout %	16%	8%	12%	6%	11%	8%	9%	—

GULPOLY balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5	5	5	5	5	6	6	6
Reserves	286	301	361	530	570	584	607	712
Borrowings	145	101	11	112	248	349	397	318
Other Liabilities	47	51	120	126	164	217	312	268
Total Liabilities	482	457	496	774	988	1,157	1,323	1,304
Fixed Assets	273	260	241	240	279	521	718	696
CWIP	5	3	3	91	278	182	4	7
Investments	0	0	0	26	23	15	17	47
Other Assets	204	193	252	417	408	438	584	554
Total Assets	482	457	496	774	988	1,157	1,323	1,304

GULPOLY cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	87	44	106	61	16	66	42	207
Cash from Investing Activity	-17	-16	-12	-136	-247	-158	-54	-60
Cash from Financing Activity	-48	-51	-79	170	124	88	13	-121
Net Cash Flow	22	-23	15	95	-108	-4	0	27
Free Cash Flow	64	28	93	-52	-238	-113	-14	181
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	113%	73%	93%	60%	37%	125%	48%	96%

GULPOLY shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	66.71%	66.71%	66.71%	66.71%	66.80%	66.80%	66.80%	66.80%
FIIs	0.00%	0.06%	0.00%	0.00%	0.00%	0.29%	0.32%	0.26%
DIIs	1.11%	0.67%	0.56%	0.07%	0.00%	0.00%	0.00%	0.00%
Public	31.88%	32.27%	32.44%	32.92%	32.90%	32.60%	32.58%	32.65%
Others	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%	0.30%
No. of Shareholders	39,873	37,960	36,954	36,933	37,079	35,805	35,573	37,930

GULPOLY key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	54	48	47	40	44	44	33	32
Inventory Days	54	89	89	69	82	62	76	53
Days Payable	21	30	55	37	42	52	60	38
Cash Conversion Cycle	87	108	80	72	84	54	49	48
Working Capital Days	12	31	57	26	33	27	9	11
ROCE %	9%	9%	25%	23%	9%	3%	6%	19%

GULPOLYUpdated 18 Oct 2026, 7:57

Gulshan Polyols Limited

GULPOLYUpdated 18 Oct 2026, 7:57

Market Cap

₹1,050Cr.

Current Price

₹168

High / Low

₹228/122

Stock P/E

7.11

ROE16.6%

ROCE18.6%

Book Value₹115

Face Value₹1.00

Dividend Yield0.89%

About

Incorporated in 1981, Gulshan Polyols Ltd is a manufacturer of Ethanol and other specialitychemicals.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	293	2	282	4	9	5	7	4	0.7
Sep 2023	308	4	292	4	10	7	67	2	0.36
Dec 2023	371	1	360	3	5	8	42	5	0.75
Mar 2024	406	4	386	1	9	8	23	6	1.02
Jun 2024	455	4	431	2	8	13	25	10	1.56
Sep 2024	440	7	424	1	8	2	33	1	0.21
Dec 2024	610	8	583	1	11	9	25	7	1.09
Mar 2025	515	9	486	1	10	11	33	7	1.13
Jun 2025	593	8	557	2	11	20	34	13	2.11
Sep 2025	542	8	500	0	11	22	31	16	2.49
Dec 2025	627	16	542	0	12	58	29	41	6.56
Mar 2026	551	8	485	-1	11	46	18	38	6.02
Jun 2026	640	7	555	6	11	73	27	54	8.58

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	395	3	341	3	23	32	20	25	4.76
Mar 2016	433	4	372	5	24	38	19	30	5.49
Mar 2017	492	6	431	4	28	30	10	27	4.86
Mar 2018	616	11	547	2	36	24	23	18	3.24
Mar 2019	674	14	590	2	44	27	21	21	3.81
Mar 2020	621	11	552	1	31	27	25	21	3.66
Mar 2021	766	7	635	2	33	94	33	62	11.09
Mar 2022	1101	5	951	2	32	115	26	85	14.4
Mar 2023	1180	6	1092	7	29	60	25	45	7.27
Mar 2024	1378	10	1320	12	32	28	36	18	2.83
Mar 2025	2020	28	1923	3	37	35	28	25	3.97
Mar 2026	2312	41	2079	-2	45	145	26	107	17.18
TTM	2359	39	2081	5	45	199	—	147	23.65

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	66.8%
FIIs	0.26%
Public	32.65%
Others	0.3%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public	Others
Dec 2023	66.72%	0%	1.2%	—	31.77%	0.31%
Mar 2024	66.72%	0.01%	0.58%	—	32.36%	0.33%
Jun 2024	66.68%	0%	0.4%	—	32.66%	0.27%
Sep 2024	66.68%	0.5%	0.8%	—	31.77%	0.27%
Dec 2024	66.71%	0%	1.11%	—	31.88%	0.3%
Mar 2025	66.71%	0.06%	0.67%	—	32.27%	0.3%
Jun 2025	66.71%	0%	0.56%	—	32.44%	0.3%
Sep 2025	66.71%	0%	0.07%	—	32.92%	0.3%
Dec 2025	66.8%	0%	0%	—	32.9%	0.3%
Mar 2026	66.8%	0.29%	0%	—	32.6%	0.3%
Jun 2026	66.8%	0.32%	0%	—	32.58%	0.3%
Sep 2026	66.8%	0.26%	0%	—	32.65%	0.3%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	4	197	100	47	348	142	7	5	195	348
Mar 2016	5	229	148	54	436	145	97	7	187	436
Mar 2017	5	254	163	79	502	198	97	8	199	502
Mar 2018	5	268	182	58	513	298	1	6	209	513
Mar 2019	5	286	145	47	482	273	5	0	204	482
Mar 2020	5	301	101	51	457	260	3	0	193	457
Mar 2021	5	361	11	120	496	241	3	0	252	496
Mar 2022	5	530	112	126	774	240	91	26	417	774
Mar 2023	5	570	248	164	988	279	278	23	408	988
Mar 2024	6	584	349	217	1157	521	182	15	438	1157
Mar 2025	6	607	397	312	1323	718	4	17	584	1323
Mar 2026	6	712	318	268	1304	696	7	47	554	1304

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	50	-11	-2	37
Mar 2016	55	-116	36	-25
Mar 2017	81	-81	-1	-2
Mar 2018	42	-37	-4	2
Mar 2019	87	-17	-48	22
Mar 2020	44	-16	-51	-23
Mar 2021	106	-12	-79	15
Mar 2022	61	-136	170	95
Mar 2023	16	-247	124	-108
Mar 2024	66	-158	88	-4
Mar 2025	42	-54	13	0
Mar 2026	207	-60	-121	27

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	59	62	66	69	54	48	47	40	44	44	33	32
Inventory Days	87	76	116	84	54	89	89	69	82	62	76	53
Days Payable	36	39	68	38	21	30	55	37	42	52	60	38
Cash Conversion Cycle	110	99	115	115	87	108	80	72	84	54	49	48
Working Capital Days	21	30	12	15	12	31	57	26	33	27	9	11
ROCE %	12%	12%	9%	8%	9%	9%	25%	23%	9%	3%	6%	19%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GULSHAN POLYOLS LIMITED (GULPOLY)?

The reported market capitalisation for GULSHAN POLYOLS LIMITED (GULPOLY) is ₹1,050Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GULPOLY?

The current price shown for GULSHAN POLYOLS LIMITED (GULPOLY) on Fincrux is ₹168 with a 52-week high/low of ₹228/122.

What is the P/E ratio of GULSHAN POLYOLS LIMITED (GULPOLY)?

The stock P/E for GULSHAN POLYOLS LIMITED (GULPOLY) is 7.11 on Fincrux, with ROE at 16.6% and ROCE at 18.6%.

What were GULPOLY latest quarterly results?

For Jun 2026, GULSHAN POLYOLS LIMITED (GULPOLY) reported sales ₹640 Cr and net profit ₹54 Cr (figures in ₹ crore unless noted).

What are GULPOLY annual sales and net profit?

For TTM, GULSHAN POLYOLS LIMITED (GULPOLY) shows sales of ₹2,359 Cr and net profit of ₹147 Cr on the Fincrux profit & loss statement.

Who owns GULSHAN POLYOLS LIMITED (GULPOLY)?

Latest shareholding for GULSHAN POLYOLS LIMITED (GULPOLY) on Fincrux: Promoters 66.80% (Sep 2026), FIIs 0.26% (Sep 2026), DIIs 0.00% (Sep 2026), Public 32.65% (Sep 2026), Others 0.30% (Sep 2026).

Where can I find GULSHAN POLYOLS LIMITED (GULPOLY) financials?

GULSHAN POLYOLS LIMITED (GULPOLY) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GULPOLY balance sheet and cash flow?

Yes. The GULSHAN POLYOLS LIMITED (GULPOLY) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 7:57