---
title: "Gujarat Organics Ltd (501368) — Share Price, Financials & Analysis"
symbol: "501368"
company: "Gujarat Organics Ltd"
canonical: "https://tapetide.com/stocks/501368"
bse_code: "501368"
sector: "Commodities"
industry: "Chemicals & Petrochemicals"
generated_at: "2026-09-13T19:38:35.637Z"
---

# Gujarat Organics Ltd (501368)

Canonical page: https://tapetide.com/stocks/501368

## Company

- **BSE Code:** 501368
- **Sector:** Commodities
- **Industry:** Chemicals & Petrochemicals
- **Macro Sector:** Commodities
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** gujaratorganics.com

## About

Gujarat Organics specializes in the synthesis of Organic chemicals, Intermediates and Fine chemicals. It is one of the Largest Manufacturers of Para Hydroxy Benzoic Acid and its derivatives namely Parabens.

## Latest Price

## Key Insights

### Weaknesses

- Earnings include an other income of Rs.32.1 Cr.
- Debtor days have increased from 56.4 to 71.1 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -26% | 10% | 7% |
| revenue growth | 51% | 21% | 10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2013 | Jun 2013 | Sep 2013 |
| --- | --- | --- | --- |
| Sales | 12.49 | 11.86 | 15.15 |
| Expenses | 11.85 | 11.03 | 13.32 |
| Operating Profit | 0.64 | 0.83 | 1.83 |
| OPM % | 5.12 | 7 | 12.08 |
| Other Income | 0.28 | 8.62 | 0.53 |
| Interest | 0.4 | 0.31 | 0.41 |
| Depreciation | 0.52 | 0.45 | 0.47 |
| Profit before tax | 0 | 8.69 | 1.48 |
| Tax % | — | 1.5 | 31.08 |
| Net Profit | 0.07 | 8.58 | 1.02 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 36 | 39 | 41 | 45 | 53 | 55 | 48 | 50 | 56 | 85 |
| Expenses | 34 | 36 | 39 | 44 | 50 | 52 | 49 | 50 | 55 | 84 |
| Operating Profit | 2 | 3 | 2 | 2 | 3 | 3 | -1 | 0 | 1 | 1 |
| OPM % | 6 | 7 | 6 | 3.7 | 6 | 5 | -2.2 | -0.5 | 2.4 | 1.1 |
| Other Income | 6 | 7 | 9 | 11 | 13 | 17 | 21 | 26 | 31 | 32 |
| Interest | 1 | 2 | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 3 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 9 |
| Profit before tax | 5 | 7 | 8 | 9 | 13 | 16 | 17 | 23 | 29 | 22 |
| Tax % | 5 | 1 | -1 | -4 | 3 | 0 | 10 | 12 | 8 | -4 |
| Net Profit | 5 | 6 | 8 | 9 | 13 | 16 | 16 | 20 | 27 | 22 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Reserves | 19 | 26 | 34 | 43 | 56 | 70 | 86 | 107 | 133 | 156 |
| Borrowings | 13 | 15 | 16 | 14 | 14 | 8 | 5 | 7 | 10 | 50 |
| Other Liabilities | 6 | 4 | 7 | 6 | 5 | 6 | 7 | 8 | 17 | 24 |
| Total Liabilities | 39 | 45 | 57 | 64 | 75 | 85 | 98 | 122 | 160 | 230 |
| Fixed Assets | 13 | 14 | 16 | 17 | 19 | 17 | 18 | 31 | 31 | 96 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 34 | 26 |
| Investments | 1 | 8 | 12 | 18 | 30 | 38 | 49 | 60 | 48 | 46 |
| Other Assets | 24 | 23 | 28 | 27 | 26 | 29 | 31 | 30 | 47 | 62 |
| Total Assets | 39 | 45 | 57 | 64 | 75 | 85 | 98 | 122 | 160 | 230 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -1 | 0 | -1 | 1 | 2 | — | -1 | 7 | -8 | 7 |
| Cash from Investing Activity | 5 | -2 | 0 | -2 | -1 | — | 5 | -5 | 2 | -41 |
| Cash from Financing Activity | -3 | 1 | 1 | 0 | 0 | — | -3 | 2 | 4 | 32 |
| Net Cash Flow | 1 | -1 | 0 | 0 | 1 | — | 0 | 4 | -2 | -2 |
| Free Cash Flow | -2 | -2 | -5 | -3 | 0 | — | -4 | -9 | -44 | -62 |
| CFO/OP | -34 | 1 | -48 | 75 | 63 | — | 94 | -3400 | -523 | 809 |

### Ratios

| Item | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 42 | 49 | 58 | 56 | 38 | 54 | 64 | 55 | 43 | 71 |
| Inventory Days | 181 | 143 | 172 | 144 | 116 | 106 | 118 | 164 | 204 | 141 |
| Days Payable | 82 | 49 | 70 | 52 | 31 | 46 | 72 | 63 | 102 | 114 |
| Cash Conversion Cycle | 141 | 142 | 160 | 147 | 124 | 114 | 110 | 155 | 145 | 98 |
| Working Capital Days | 148 | 148 | 151 | 129 | 109 | 123 | 165 | 127 | 177 | 150 |
| ROCE % | 20 | 22 | 21 | 20 | 23 | 23 | 18 | 20 | 21 | 11 |

## Shareholding Pattern

### annual

| Category | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.85% | 69.85% | 69.81% | 69.81% | 69.81% | 68.46% | 67.86% | 67.86% |
| Public | 30.15% | 30.15% | 30.19% | 30.19% | 30.19% | 31.54% | 32.14% | 32.13% |
| No. of Shareholders | 327 | 322 | 327 | 1046 | 1060 | 1469 | 2367 | 2412 |

### Quarterly

| Category | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.85% | 69.85% | 69.81% | 69.81% | 69.81% | 69.81% | 69.81% | 69.75% | 68.46% | 67.85% | 67.86% | 67.86% |
| Public | 30.15% | 30.15% | 30.19% | 30.19% | 30.19% | 30.19% | 30.19% | 30.26% | 31.54% | 32.15% | 32.14% | 32.13% |
| No. of Shareholders | 322 | 334 | 327 | 483 | 1046 | 1087 | 1060 | 1098 | 1469 | 2278 | 2367 | 2412 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 485.13 | Buy |
| EMA (10) | 483.9 | Buy |
| SMA (20) | 484.78 | Buy |
| EMA (20) | 483.07 | Buy |
| SMA (50) | 483.02 | Buy |
| EMA (50) | 484.05 | Buy |
| SMA (100) | 493.25 | Sell |
| EMA (100) | 491.62 | Sell |
| SMA (200) | 506.98 | Sell |
| EMA (200) | 513.67 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 52.93 | Neutral |
| MACD (12,26,9) | 1.09 | Sell |
| Stochastic (14,3,3) | 49.74 | Neutral |
| ADX (14) | 9.34 | Neutral |
| Williams %R (14) | -42.04 | Neutral |
| ATR (14) | 15.31 | High Volatility |
| ROC (12) | 1.79 | Buy |
| Stoch RSI (14) | 62.61 | Neutral |
| UO (7,14,28) | 54.81 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jan - Incorporated seven wholly-owned SPVs to execute MPUVNL-awarded projects; authorized capital ₹1,00,000 each. | [Announcement Under Regulation 30 Of The SEBI (LODR) Regulations - Intimation Of Incorporation Of Wholly Owned Subsidiaries Of Waa Solar Limited. 8 Jan - Incorporated seven wholly-owned SPVs to execute MPUVNL-awarded projects; authorized capital ₹1,00,000 each.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e1cd603-86ad-4709-beca-cb61ddc8877c.pdf) |
| 29 Dec 2025 - Received multiple LOAs from MPUVNL for grid-connected solar projects; approx. Rs.225 Cr; 18-month execution. | [Letter Of Awards (LOA) Received From M.P. Urja Vikas Nigam Limited (MPUVNL), (A Govt. Of MP Enterprise). 29 Dec 2025 - Received multiple LOAs from MPUVNL for grid-connected solar projects; approx. Rs.225 Cr; 18-month execution.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/529f7bfc-42d1-49dd-b100-9a25e92f908a.pdf) |
| 24 Feb - CFO Mangi Lal Singhi resigned; Mohanan Choran appointed CFO; committees reconstituted effective Feb 24, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 24 Feb - CFO Mangi Lal Singhi resigned; Mohanan Choran appointed CFO; committees reconstituted effective Feb 24, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3811107-9601-40ec-9776-2e4d1dc37484.pdf) |
| 24 Feb - Board on Feb 24, 2026 appointed Mohanan Shankaran Choran as CFO; Mangi Lal Singhi resigned; committees reconstituted. | [Board Meeting Outcome for Change In Management. 24 Feb - Board on Feb 24, 2026 appointed Mohanan Shankaran Choran as CFO; Mangi Lal Singhi resigned; committees reconstituted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d999912-2ba0-4df5-9e61-282521fc0eff.pdf) |
| 20 Jan - Of Newspaper Publication for Postal Ballot notice, is attached herewith. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jan - Of Newspaper Publication for Postal Ballot notice, is attached herewith.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/993f3293-6f7c-4476-bf98-5b35c055a407.pdf) |
| 19 Jan - Postal ballot (Jan 20–Feb 18, 2026) to regularize Prashant Kumar Gupta as independent director. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 19 Jan - Postal ballot (Jan 20–Feb 18, 2026) to regularize Prashant Kumar Gupta as independent director.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3473e88c-9271-4379-8abc-ad0497736362.pdf) |
| 19 Feb - Shareholders approved Mr. Prashant Kumar Gupta as Independent Director effective Nov 12, 2025 for five years. | [Announcement under Regulation 30 (LODR)-Change in Management 19 Feb - Shareholders approved Mr. Prashant Kumar Gupta as Independent Director effective Nov 12, 2025 for five years.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b83dfd8d-058c-402f-b593-fdc1bb2a4dec.pdf) |
| 13 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018, for the Quarter ended on December 31, 2025, is attached herewith. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jan - Certificate under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018, for the Quarter ended on December 31, 2025, is attached herewith.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/668bcadf-7f76-47ea-afee-06c186fb679c.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 19 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d3869438-b530-4808-94c5-c1cf6b1c7bb9.pdf) |
| — | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 19 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ee78f23-09fb-4009-b576-b36736be9cbc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac3aae16-c730-4e80-983d-663d8d3643ce.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0944fd6-3872-41e8-8c90-3649dd2695bc.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ef7f1c53-f539-4386-a852-402c8a7fcaf7.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/541445/76010541445.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/541445/70690541445.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/541445/67269541445.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/541445/5414450319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/541445/5414450318.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:38:35.637Z.