Gulshan Polyols Ltd (GULPOLY) — shareholding pattern, promoter holding, financials and share price
About Gulshan Polyols Ltd (GULPOLY)
Gulshan Polyols Ltd operates in the Other Agricultural Products industry, within the Fast Moving Consumer Goods sector. It trades on the NSE as GULPOLY and on the BSE under scrip code 532457. Its ISIN is INE255D01024.
Incorporated in 1981, Gulshan Polyols Ltd is a manufacturer of Ethanol and other speciality chemicals. [1]
Gulshan Polyols Limited is a multi‑product Indian manufacturer focused on ethanol/biofuel, grain‑based specialty products (starch and derivatives like sorbitol and fructose), and mineral processing (various grades of calcium carbonate), operating nine manufacturing facilities across India and exporting to multiple countries.
Ethanol has become the company’s primary growth engine: recent capacity additions and ramp ups increased ethanol volumes to 14.1 crore litres in FY25, driving FY25 ethanol revenue to Rs. 1,187 crores and causing a material shift in the revenue mix toward biofuels and by‑product sales.
Listed peers in Other Agricultural Products: Chamanlal Setia Exports Ltd, AVT Natural Products Ltd, Regaal Resources Ltd, Mangalam Global Enterprise Ltd, Modi Naturals Ltd, Sukhjit Starch & Chemicals Ltd.
Valuation & Returns
10 Jul 2026At ₹190.65 a share on 10 Jul 2026, Gulshan Polyols Ltd (GULPOLY) was valued at a price-to-earnings ratio of 27.88x against an industry P/E of 33.81x and a price-to-book of 1.94x on a book value of ₹98.31 per share as of Mar 2025. Solomo computes return on equity of 6.96% and return on capital employed of 9.44% from filed results. Earnings ratios use consolidated results for the twelve months Dec 2024 to Sep 2025.
- P/E
- 27.88x
- Industry P/E
- 33.81x
- P/B
- 1.94x
- EPS (TTM)
- ₹6.84
- Book value / share
- ₹98.31
- ROE
- 6.96%
- ROCE
- 9.44%
- ROA
- 3.22%
- Debt / equity
- 0.64x
- Dividend yield
- 0.16%
- EBITDA margin
- 6.1%
- 52-week range
- ₹121.75 – ₹221.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2025In the year ended Mar 2025, Gulshan Polyols Ltd (GULPOLY) reported revenue of ₹2,020 crore, net profit of ₹25 crore and earnings per share of ₹3.96. That compares with revenue of ₹1,378 crore and net profit of ₹18 crore in Mar 2024. Figures are consolidated, as filed with the exchanges.
In the quarter ended Sep 2025, revenue was ₹542 crore and net profit ₹16 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Revenue (₹ cr) | 1,101 | 1,180 | 1,378 | 2,020 |
| Net profit (₹ cr) | 85 | 45 | 18 | 25 |
| EPS (₹) | 14.4 | 7.24 | 2.85 | 3.96 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 17.48% | 26.61% | 22.42% | 46.50% |
| Profit growth | -2.28% | 3.79% | -33.75% | 38.91% |
| Stock price CAGR | 11% | -2% | -8% | 7% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 66.8% of Gulshan Polyols Ltd (GULPOLY) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.32%. Market capitalisation was ₹1,189 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2002.
Largest disclosed public shareholders in Jun 2026: Investor Education and Protection Fund Authority Ministry of Corporate Affairs 1.61%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 66.8% | - | 0.32% | - | 32.9% |
| Mar 2026 | 66.8% | - | 0.3% | - | 32.9% |
| Dec 2025 | 66.8% | - | 0% | - | 32.9% |
| Sep 2025 | 66.71% | - | 0% | 0.07% | 32.99% |
| Jun 2025 | 66.71% | - | 0% | 0.56% | 32.99% |
| Mar 2025 | 66.71% | - | 0.06% | 0.67% | 32.99% |
| Dec 2024 | 66.71% | - | 0% | 1.11% | 32.99% |
| Sep 2024 | 66.68% | - | 0.5% | 0.8% | 33.06% |