💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Gulshan Polyols Limited is an India-based multi-location and multi-product manufacturing company. The Company is engaged in manufacturing/trading of sorbitol, fructose & sweetener, ethanol (biofuel)/ distillery, calcium carbonate, starch & derivatives, by products thereof and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, fairly priced — but flagged on governance.
Gulshan Polyols is scored on the consumer / fmcg framework. It keeps a thin 1.2% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.69× reported profit. Free cash flow is worth about -1.3% of its market value.
Over the last 3 years revenue compounded at 22%/yr and profit at -34%/yr. Book value has grown 5%/yr. Return on equity is a weak 6.7%. In the latest quarter profit grew 20% versus the prior quarter.
At 40× earnings, the stock sits at the 56th percentile of its own 4.6-year range — the middle of where it has historically traded. Today's price implies ~11%/yr earnings growth for a decade. The forensic screen raises a red flag: Share count up 20% over 4 years — heavy equity dilution.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 23.35 | 8.11 | worse |
| P/B | 1.56 | 3.47 | better |
| EV/EBITDA | 10.48 | — | — |
| ROE | 6.66 | 6.58 | better |
| ROCE | 8.68 | 9.46 | worse |
| ROA | 3.3 | 6.21 | worse |
| Quick Ratio | 0.56 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| United Spirits | 55.7 | 11.4 | 20.4% |
| Radico Khaitan | 76.1 | 16.5 | 21.7% |
| United Breweries | 65.0 | 6.9 | 10.6% |
Revenue has grown every year across all 4 financial years shown. 22% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (22% vs -34%) — costs are rising faster than the top line. The latest year saw a +39% swing — check if it's a one-off or structural.
Operating margin has compressed from 10% to 2% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 4% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 12pp.
Profit grew faster than EPS (-34% vs -38%) — share dilution is eroding per-share value. -38% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.7× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 9% QoQ — could be seasonality or a genuine slowdown.
Profit jumped 20% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 4.6y median.
Promoters hold 66.8% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.