GHCL Ltd logo

GHCL Ltd

GHCL NSE

Key Fundamentals

MicrocapCommodity ChemicalsChemicals
Market Cap
₹4,061 Cr
Volatility
Moderate
P/E Ratio
8.72
EBITDA
₹762 Cr
Return on Equity
13.3%
Debt to Equity
0.02
Book Value
₹386.13
EPS
₹54.12
52W High
₹667.2
52W Low
₹416.6

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.14 times its book value
  • Company has been maintaining a healthy dividend payout of 18.7%

Weaknesses

2
  • The company has delivered a poor sales growth of 4.23% over past five years.
  • Promoter holding is low: 19.8%

Growth Rate

Revenue Growth
-4.08% ↘
Net Income Growth
-24.30% ↘
Cash Flow Change
7.75% ↗
ROE
-25.66% ↘
ROCE
-24.42% ↘
EBITDA Margin (Avg.)
-17.55% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 26d ago
AI opinion · based on fundamentals
Risk medium

GHCL Ltd trades at a PE of 8.6x and 1.14x book value with a market cap of Rs 4,080 crore, reflecting a nearly debt-free balance sheet but declining profitability with TTM profit down 24% and sales down 4%. The stock has corrected 26% over the past year amid weakening operating performance despite historically strong return ratios.

Bull Case 7
  • Company is almost debt-free, having significantly reduced leverage, which lowers financial risk and interest burden
  • Valuation appears undemanding at PE of 8.6x, well below broader market multiples for chemical sector peers
  • Trading at just 1.14x book value, offering limited downside from an asset-backing perspective
  • Healthy dividend yield of 2.73% with a consistent payout ratio of 18.7%, providing income support during stock weakness
  • 5-year ROE average of 21% and 10-year ROE of 21% demonstrate historically strong capital efficiency and earning power
  • 5-year compounded profit growth of 7% and 10-year profit CAGR of 6% show long-term earnings have grown despite recent weakness
  • 10-year stock CAGR of 7% indicates the business has created shareholder value over longer time horizons despite recent correction
Bear Case 8
  • TTM compounded profit declined 24% year-over-year, signalling significant near-term earnings deterioration
  • 3-year compounded profit CAGR of -25% indicates a sustained multi-year earnings decline, not just a one-off
  • Sales have contracted with TTM revenue down 4% and 3-year sales CAGR of -12%, reflecting structural demand or pricing headwinds
  • ROE has deteriorated from 21% (5-year average) to just 13% in the last year, a sharp drop in capital efficiency
  • Promoter holding is low at 19.8%, which raises governance concerns and limits promoter alignment with minority shareholders
  • Poor 5-year sales growth of only 4.23% indicates limited top-line expansion capability in the soda ash business
  • Stock has declined 26% over the past year and 7% CAGR decline over 3 years, reflecting persistent negative market sentiment
  • 1-year stock decline of 26% far exceeds broader market returns, suggesting company-specific challenges beyond sector weakness

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 26d ago
Neutral 1
  • Q1FY27 earnings call scheduled Jul 26

    GHCL scheduled a conference call on August 3, 2026 at 3:00 PM IST to discuss Q1FY27 results with MD R S Jalan and CFO Raman Chopra.

TL;DR: Limited recent news flow for GHCL with only a routine earnings call announcement. No identifiable headwinds or positive catalysts in the current news cycle. Investors should watch the August 3 Q1FY27 results for clarity on the company's chemical segment performance and forward guidance.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,120
1,019
805
798
823
830
793
779
781
796
721
757
791
Expenses
771
719
592
648
639
614
582
549
563
599
564
598
615
Operating Profit
349
299
213
150
184
217
211
230
218
197
157
159
176
OPM %
31%
29%
26%
19%
22%
26%
27%
30%
28%
25%
22%
21%
22%
Other Income
-3
230
11
14
17
18
17
29
23
27
17
16
14
Interest
10
8
7
6
5
4
4
4
4
2
2
3
2
Depreciation
27
24
26
26
26
27
28
28
28
27
28
29
27
PBT
309
497
191
133
170
203
196
227
209
195
145
143
160
Tax %
27%
14%
25%
25%
26%
26%
21%
26%
28%
26%
26%
26%
28%
Net Profit
227
426
143
100
125
151
155
168
150
144
107
106
116
EPS in Rs
23.7
44.6
14.94
10.43
13.04
15.73
16.17
17.59
15.69
15
11.11
11.53
12.58
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
2,356
2,531
2,784
2,919
3,341
3,305
2,491
3,052
4,551
3,447
3,183
3,064
Expenses
1,828
1,901
2,103
2,313
2,582
2,576
1,886
2,322
3,048
2,596
2,306
2,375
Operating Profit
528
629
681
607
759
729
605
730
1,503
851
877
690
OPM %
22%
25%
24%
21%
23%
22%
24%
24%
33%
25%
28%
22%
Other Income
-15
-3
37
38
16
16
18
211
119
270
88
73
Interest
171
165
137
127
127
120
74
51
39
27
17
10
Depreciation
85
82
86
110
117
131
111
87
94
102
112
111
PBT
257
380
495
407
531
495
437
802
1,489
991
836
642
Tax %
29%
32%
23%
13%
34%
20%
25%
19%
23%
20%
25%
26%
Net Profit
182
258
380
356
351
397
326
650
1,142
794
624
472
EPS in Rs
18.19
25.78
38.04
36.59
35.77
41.75
34.33
68.14
119
82.94
65.18
51.39
Div. Payout %
12%
0%
13%
14%
14%
7%
16%
22%
15%
14%
18%
23%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
100
100
99
97
98
95
95
95
96
96
96
92
Reserves
670
936
1,247
1,513
1,827
2,054
2,389
2,852
3,860
2,883
3,393
3,460
Borrowings
1,324
1,365
1,463
1,322
1,302
1,254
782
788
361
210
119
83
Other Liabilities
758
548
694
695
767
766
712
1,261
816
581
578
665
Total Liabilities
2,851
2,949
3,504
3,628
3,995
4,169
3,978
4,995
5,133
3,770
4,185
4,300
Fixed Assets
1,934
2,049
2,410
2,502
2,591
2,664
2,675
2,474
1,731
1,842
1,844
1,821
CWIP
7
37
26
74
117
122
81
213
109
55
256
450
Investments
2
15
9
10
12
9
15
17
380
420
651
1,042
Other Assets
909
848
1,059
1,043
1,275
1,375
1,207
2,292
2,914
1,453
1,435
987
Total Assets
2,851
2,949
3,504
3,628
3,995
4,169
3,978
4,995
5,133
3,770
4,185
4,300
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
416
509
458
590
530
624
621
643
856
797
638
687
Investing
-127
-249
-375
-279
-271
-206
-109
-337
-409
-534
-358
-291
Financing
-296
-252
-113
-308
-258
-339
-569
-98
-530
-338
-230
-451
Net Cash Flow
-8
8
-30
2
1
80
-57
209
-83
-75
50
-55
Free Cash Flow
284
258
82
308
257
418
510
306
506
691
336
424
CFO/OP
91
96
83
109
82
101
120
116
86
116
98
124
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
38
26
36
29
32
30
33
27
18
19
24
21
Inventory Days
193
194
187
182
199
198
245
294
177
185
217
199
Days Payable
155
110
107
109
106
102
121
107
53
55
57
94
Cash Conversion Cycle
76
110
117
101
125
126
158
214
142
149
183
126
Working Capital Days
-39
-48
-30
-12
10
26
61
87
50
50
58
43
ROCE %
22%
25%
24%
19%
21%
19%
15%
19%
36%
21%
24%
17%

Shareholding Pattern

As of Jun 2026
Public 27.69%
FIIs 22.43%
Promoters 19.83%
Others 18.83%
DIIs 11.22%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
19.24%
19.18%
19.07%
19.07%
19.07%
19.03%
19.03%
19.05%
19.05%
19.06%
19.06%
19.03%
19.04%
19.04%
19.04%
19.04%
19.04%
18.98%
18.98%
19.83%
19.87%
19.83%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
25.27%
24.66%
24.99%
24.76%
25.70%
25.42%
26.07%
26.41%
25.67%
25.22%
24.66%
22.43%
DIIs
20.89%
20.76%
19.32%
18.86%
18.90%
15.53%
11.75%
12.00%
10.70%
10.66%
9.69%
8.62%
8.31%
9.30%
9.81%
10.37%
10.11%
10.29%
10.53%
9.50%
10.57%
11.22%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
22.92%
22.47%
23.19%
23.25%
23.31%
24.17%
24.60%
23.17%
22.98%
22.01%
26.45%
28.34%
28.19%
27.49%
25.87%
26.01%
26.06%
26.09%
26.11%
26.18%
26.10%
27.69%
Others
36.94%
37.59%
38.41%
38.82%
38.72%
41.27%
44.62%
45.78%
47.27%
48.28%
19.55%
19.36%
19.47%
19.41%
19.58%
19.17%
18.73%
18.24%
18.71%
19.28%
18.79%
18.83%
No. of Shareholders
0
66,217
65,068
70,641
70,521
69,044
1,06,265
1,08,131
93,009
95,202
1,00,298
1,06,502
1,12,859
1,09,113
1,07,047
1,10,664
1,08,630
1,01,128
96,988
95,861
94,819
98,031

Documents

Frequently Asked Questions about GHCL Ltd

What does GHCL Ltd do?
Established 1983, GHCL Limited is engaged in the business of manufacturing and trading of Inorganic Chemicals (Soda Ash).[1][2]
Where is GHCL Ltd (GHCL) listed?
GHCL Ltd is listed on the Indian stock exchanges. It is listed on NSE: GHCL and BSE: 500171. You can view its live share price, financials, and ratios on Tapetide.
Which sector does GHCL Ltd belong to?
GHCL Ltd operates in the Chemicals sector within the Commodity Chemicals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of GHCL Ltd?
GHCL Ltd has a market capitalisation of approximately ₹4061.12 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of GHCL Ltd?
The Price-to-Earnings (PE) ratio of GHCL Ltd is 8.72. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of GHCL Ltd?
Over the past 52 weeks, GHCL Ltd has traded between a low of ₹416.6 and a high of ₹667.2. This range helps investors understand the stock's price volatility and recent trading levels.
Does GHCL Ltd pay dividends?
Yes, GHCL Ltd has a dividend yield of 2.72%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of GHCL Ltd?
GHCL Ltd has a Return on Equity (ROE) of 13.30%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research GHCL Ltd on Tapetide?
On Tapetide, you can view GHCL Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Established 1983, GHCL Limited is engaged in the business of manufacturing and trading of Inorganic Chemicals (Soda Ash).[1][2]

Website ghclindia.com
CEO Mr. Ravi Shanker Jalan B.Com., F.C.A.
Employees 1,016
Listed 2003-07-31
Face Value ₹ 10
Issued Size 9,19,34,155

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