MarketFriction

GHCL Ltd

NSE GHCL · BSE 500171 · Commodity Chemicals
₹401.75 -0.92%
NSE close2026-10-01
52 week range396.00 - 667.20
Market cap₹3,724 Cr.
P/E8.16
Price band 20% Delivery 57.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,019805798823830793779781796721757791
Expenses719592648639614582549563599564598615
Operating Profit299213150184217211230218197157159176
OPM %29%26%19%22%26%27%30%28%25%22%21%22%
Other Income2301114171817292327171614
Interest876544442232
Depreciation242626262728282827282927
Profit before tax497191133170203196227209195145143160
Tax %14%25%25%26%26%21%26%28%26%26%26%28%
Net Profit426143100125151155168150144107106116
EPS in Rs44.6014.9410.4313.0415.7316.1717.5915.6915.0011.1111.5312.58
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales2,3562,5312,7842,9193,3413,3052,4913,0524,5513,4473,1833,064
Expenses1,8281,9012,1032,3132,5822,5761,8862,3223,0482,5962,3062,375
Operating Profit5286296816077597296057301,503851877690
OPM %22%25%24%21%23%22%24%24%33%25%28%22%
Other Income-15-337381616182111192708873
Interest171165137127127120745139271710
Depreciation8582861101171311118794102112111
Profit before tax2573804954075314954378021,489991836642
Tax %29%32%23%13%34%20%25%19%23%20%25%26%
Net Profit1822583803563513973266501,142794624472
EPS in Rs18.1925.7838.0436.5935.7741.7534.3368.14119.4182.9465.1851.39
Dividend Payout %12%0%13%14%14%7%16%22%15%14%18%23%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%4%-12%-4%
Compounded Profit Growth6%7%-25%-24%
Stock Price CAGR5%-1%-13%-31%
Return on Equity21%21%16%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital10010099979895959596969692
Reserves6709361,2471,5131,8272,0542,3892,8523,8602,8833,3933,460
Borrowings1,3241,3651,4631,3221,3021,25478278836121011983
Other Liabilities7585486946957677667121,261816581578665
Total Liabilities2,8512,9493,5043,6283,9954,1693,9784,9955,1333,7704,1854,300
Fixed Assets1,9342,0492,4102,5022,5912,6642,6752,4741,7311,8421,8441,821
CWIP73726741171228121310955256450
Investments21591012915173804206511,042
Other Assets9098481,0591,0431,2751,3751,2072,2922,9141,4531,435987
Total Assets2,8512,9493,5043,6283,9954,1693,9784,9955,1333,7704,1854,300
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity416509458590530624621643856797638687
Cash from Investing Activity-127-249-375-279-271-206-109-337-409-534-358-291
Cash from Financing Activity-296-252-113-308-258-339-569-98-530-338-230-451
Net Cash Flow-88-302180-57209-83-7550-55
Free Cash Flow28425882308257418510306506691336424
CFO/OP91%96%83%109%82%101%120%116%86%116%98%124%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days382636293230332718192421
Inventory Days193194187182199198245294177185217199
Days Payable15511010710910610212110753555794
Cash Conversion Cycle76110117101125126158214142149183126
Working Capital Days-39-48-30-121026618750505843
ROCE %22%25%24%19%21%19%15%19%36%21%24%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters19.06%19.03%19.04%19.03%19.03%19.03%19.03%18.97%18.97%19.83%19.87%19.83%
FIIs25.27%24.66%24.99%24.76%25.70%25.41%26.06%26.41%25.67%25.22%24.66%22.44%
DIIs9.68%8.60%8.29%9.29%9.79%10.35%10.09%10.28%10.52%9.49%10.57%11.20%
Public45.99%47.70%47.67%46.91%45.45%45.17%44.79%44.32%44.82%45.46%44.89%46.52%
No. of Shareholders1,00,2981,06,5021,12,8591,09,1131,07,0471,10,6641,08,6301,01,12896,98895,57494,81998,031

Fundamentals

Market Cap₹ 3,724 Cr.
Current Price₹ 405
Stock P/E8.16
Book Value₹ 386
ROCE17.4 %
ROE13.0 %
Dividend Yield2.97 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-4%
Compounded Profit Growth (TTM)-24%
Consolidated figures.
Valuation
Market capRs 3,693 Cr
Enterprise valueRs 3,687 Cr
P/E (TTM)7.82x
Price to book1.04x
Price to sales1.21x
EV / EBITDA4.84x
EV / EBIT5.66x
EV / sales1.20x
Price to cash flow5.37x
Earnings yield12.79%
Dividend yield2.99%
P/E, 3-year average7.67x
P/B, 3-year average1.40x
P/E, 5-year average6.93x
P/B, 5-year average1.41x
Profitability
Operating margin (excl. other income)22.50%
Operating margin (incl. other income)24.90%
EBITDA margin24.87%
Pre-tax margin20.96%
Net profit margin15.42%
Net margin, latest quarter14.63%
ROE13.42%
ROCE18.01%
ROA11.14%
ROE, 3-year average18.54%
ROCE, 3-year average23.42%
ROA, 3-year average14.89%
ROE, 5-year average22.53%
ROCE, 5-year average26.51%
ROA, 5-year average16.34%
ROIC (approx.)13.51%
Tax rate26.45%
Other income / net worth2.07%
Growth
Sales growth (latest year)-3.75%
Profit growth (latest year)-24.30%
Sales CAGR, 3 years-12.35%
Sales CAGR, 5 years4.23%
Profit CAGR, 3 years-25.48%
Profit CAGR, 5 years7.70%
Sales growth QoQ4.49%
Profit growth QoQ9.08%
Sales growth YoY (latest quarter)1.16%
Profit growth YoY (latest quarter)-23.05%
Per share
EPS (TTM)Rs 51.39
EPS (latest year)Rs 51.39
EPS (latest quarter)Rs 12.58
EPS, 3-year averageRs 66.51
EPS, 5-year averageRs 77.43
Book value per shareRs 386.35
Sales per shareRs 333.30
Cash flow per shareRs 74.76
Free cash flow per shareRs 46.12
Dividend per share (latest year)Rs 12.00
Dividend per share, 3-year averageRs 12.00
Dividend per share, 5-year averageRs 13.70
Dividends
Dividend payout23.35%
Dividend payout, 3-year average18.74%
Dividend payout, 5-year average18.58%
Efficiency
Asset turnover0.71x
Fixed asset turnover1.68x
Inventory turnover3.09x
Inventory days118 days
Debtor days21 days
Debtors turnover17.71x
Creditor days94 days
Cash conversion cycle126 days
Working capital days43 days
Leverage
Total debtRs 83 Cr
Cash and bankRs 90 Cr
Net debtRs -7 Cr
Debt to equity0.02x
Net debt / EBITDA-0.01x
Interest coverage72.29x
Current ratio (filing 2026-03-31)4.38x
Quick ratio (filing 2026-03-31)3.02x
Trade payables (filing 2026-03-31)Rs 280 Cr
Owners' fund to total sources82.61%
Debt to assets1.94%
Cash flow
Cash from Operating Activity (latest year)Rs 687 Cr
Cash from Investing Activity (latest year)Rs -291 Cr
Cash from Financing Activity (latest year)Rs -451 Cr
Net Cash Flow (latest year)Rs -55 Cr
Free cash flow (latest year)Rs 424 Cr
FCFE (approx.: FCF + change in debt)Rs 388 Cr
Cash from ops / profit, 5 years0.98x
Sales to cash flow4.46x
Statement figures
Net sales (TTM)Rs 3,064 Cr
Net sales (latest year)Rs 3,064 Cr
Sales (latest quarter)Rs 791 Cr
Operating profit excl. other income (latest year)Rs 690 Cr
Operating profit (latest quarter)Rs 176 Cr
Other income (TTM)Rs 73 Cr
EBITDA (TTM)Rs 762 Cr
PBDT (TTM)Rs 753 Cr
Profit before tax (TTM)Rs 642 Cr
Tax (latest year)Rs 170 Cr
Net profit (TTM)Rs 472 Cr
Net profit (latest year)Rs 472 Cr
Net profit (latest quarter)Rs 116 Cr
Depreciation (TTM)Rs 111 Cr
Depreciation (latest quarter)Rs 27 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 1,847 Cr
Total expenditure (latest year)Rs 2,375 Cr
Total income (latest year)Rs 3,138 Cr
Share capitalRs 92 Cr
ReservesRs 3,460 Cr
Shareholders' fundsRs 3,552 Cr
Total assetsRs 4,300 Cr
Net blockRs 1,821 Cr
Capital work in progressRs 450 Cr
InvestmentsRs 1,042 Cr
ReceivablesRs 173 Cr
InventoryRs 597 Cr
Other liabilitiesRs 665 Cr
Shares outstanding (crore)9.19
Ownership
Promoter holding19.83% (+0.86 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 7.8 is at the 63th percentile of its own 9.4-year range (median 6.8, low 2.3, high 18.3).
P/B 1.04 is at the 21th percentile (median 1.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGHCLNifty 50Difference
1 week-4.6%-2.8% -1.9 pts
1 month-7.8%-6.8% -1.0 pts
3 months-6.6%-7.6% +1.0 pts
6 months-5.0%+0.4% -5.4 pts
1 year-32.9%-9.9% -22.9 pts
2 years-36.1%-13.6% -22.5 pts
3 years-34.7%+14.2% -48.9 pts
5 years-10.5%+27.9% -38.4 pts
15 mutual fund schemes hold about ₹393 Cr. Over three months 9 bought more and 2 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund0.46%100 -3%
Franklin India Small Cap Fund0.47%70 +4%
UTI Large & Mid Cap Fund1.02%66 +25%
DSP ELSS Tax Saver Fund0.33%55 +7%
UTI Aggressive Hybrid Fund0.79%53 +22%
UTI Retirement Fund0.50%24 +37%
HDFC Dividend Yield Fund0.29%16 +9%
Motilal Oswal Nifty Microcap 250 Index Fund0.33%8 +0%
Groww Nifty Total Market Index Fund0.01%0 +7%
Angel One Nifty Total Market Index Fund0.01%0 +7%
Mirae Asset Nifty Total Market Index Fund0.01%0 +0%
Bandhan Nifty Total Market Index Fund0.01%0 +7%
Motilal Oswal BSE 1000 Index Fund0.01%0 +7%
ICICI Pru Small Cap Fund0.00%0 -100%
ICICI Pru Small Cap Fund0.00%0 -100%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹791 Cr +1.3% vs Mar 2025. Net profit ₹116 Cr -22.7%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-18Dividend - Rs 12 Per Share
2025-11-14Buy Back
2025-07-17Dividend - Rs 12 Per Share
2024-07-01Dividend - Rs 12 Per Share
2023-06-23Annual General Meeting/Dividend - Rs 17.50 Per Share
2023-04-06Demerger
2022-06-22Annual General Meeting/Dividend - Rs 10 Per Share/Special Dividend- Rs 5 Per Share
2021-06-10 Annual General Meeting/Dividend - Rs 5.50 Per Share
2020-06-26 Annual General Meeting
2020-03-24 Interim Dividend - Rs 3 Per Share
2019-05-22 Annual General Meeting/ Dividend - Rs 5 Per Share
2018-05-23 Annual General Meeting/Dividend- Rs 5 Per Share
2017-06-21 Annual General Meetin/Dividend - Rs 3.50 Per Share (Purpose Revised)
2017-02-09 Interim Dividend Rs 1.50 Per Share
2016-07-11 Dividend - Rs 3.50/- Per Share
2015-07-15Annual General Meeting/Dividend - Rs 2.20/- Per Share
2014-08-07Annual General Meeting/Dividend Rs.2/- Per Share
2013-09-12Annual General Meeting/Dividend Rs 2/- Per Share
2012-09-06Annual General Meeting/Dividend Rs 2 Per Share
2011-08-24Dividend-Rs.2/- Per Share
2010-08-31Annual General Meeting And Dividend Rs.2/- Per Share
2009-12-22Dividend-Rs.2/- Per Share
2008-09-02Agm/Dividend - 24%
2007-07-19Agm/Dividend - 27%
2006-06-08Agm/Dividend-24%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-02-12NCLTGHCL Ltd Vs GB Raja Top Weaving Pvt Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of GHCL Ltd?

GHCL Ltd (GHCL) has a market capitalisation of Rs 3,724 Cr. at the 2026-10-01 close.

What is the P/E ratio of GHCL Ltd?

GHCL Ltd trades at a P/E of 8.16 on trailing twelve-month profit, at the 2026-10-01 close.

What were GHCL Ltd's latest quarterly results?

In the Mar 2026 quarter, GHCL Ltd sales was Rs 791 Cr (+1.3% vs Mar 2025) and net profit was Rs 116 Cr.

What is the 52-week high and low of GHCL Ltd?

The 52-week high is Rs 667.20 and the 52-week low is Rs 396.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03