NSEI:GULPOLY

Stock Analysis Report

Executive Summary

Gulshan Polyols Limited operates in chemicals industry in India and internationally.

Snowflake

Fundamentals

Undervalued with excellent balance sheet.

Share Price & News

How has Gulshan Polyols's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

GULPOLY

2.0%

IN Chemicals

3.8%

IN Market


1 Year Return

-31.0%

GULPOLY

17.2%

IN Chemicals

6.0%

IN Market

Return vs Industry: GULPOLY underperformed the Indian Chemicals industry which returned 17.2% over the past year.

Return vs Market: GULPOLY underperformed the Indian Market which returned 6% over the past year.


Shareholder returns

GULPOLYIndustryMarket
7 Day-0.8%2.0%3.8%
30 Day-22.1%4.3%2.9%
90 Day6.9%11.9%2.9%
1 Year-30.2%-31.0%20.2%17.2%8.2%6.0%
3 Year-53.3%-54.7%37.6%32.1%23.0%16.7%
5 Yearn/a130.7%113.0%43.6%30.0%

Price Volatility Vs. Market

How volatile is Gulshan Polyols's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gulshan Polyols undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GULPOLY (₹38.1) is trading below our estimate of fair value (₹78.76)

Significantly Below Fair Value: GULPOLY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GULPOLY is good value based on its PE Ratio (8.1x) compared to the Chemicals industry average (10.7x).

PE vs Market: GULPOLY is good value based on its PE Ratio (8.1x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GULPOLY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GULPOLY is good value based on its PB Ratio (0.6x) compared to the IN Chemicals industry average (1.1x).


Next Steps

Future Growth

How is Gulshan Polyols forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GULPOLY's forecast earnings growth (17.3% per year) is above the savings rate (7.6%).

Earnings vs Market: GULPOLY's earnings (17.3% per year) are forecast to grow slower than the Indian market (18% per year).

High Growth Earnings: GULPOLY's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if GULPOLY's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if GULPOLY's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GULPOLY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Gulshan Polyols performed over the past 5 years?

-5.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GULPOLY's earnings have declined by -5.8% per year over the past 5 years.

Accelerating Growth: GULPOLY's earnings growth over the past year (7.4%) exceeds its 5-year average (-5.8% per year).

Earnings vs Industry: GULPOLY earnings growth over the past year (7.4%) underperformed the Chemicals industry 10.4%.


Return on Equity

High ROE: GULPOLY's Return on Equity (7.6%) is considered low.


Return on Assets

ROA vs Industry: GULPOLY's Return on Assets is below or equal to the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: GULPOLY has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Gulshan Polyols's financial position?


Financial Position Analysis

Short Term Liabilities: GULPOLY's short term assets (₹2.0B) exceeds its short term liabilities (₹1.5B)

Long Term Liabilities: GULPOLY's short term assets (2.0B) exceeds its long term liabilities (408.2M)


Debt to Equity History and Analysis

Debt Level: GULPOLY's debt to equity ratio (39.4%) is considered satisfactory

Reducing Debt: GULPOLY's debt to equity ratio has reduced from 42.8% to 39.4% over the past 5 years.

Debt Coverage: GULPOLY's debt is well covered by operating cash flow (76.2%).

Interest Coverage: GULPOLY's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet

Inventory Level: GULPOLY has a high level of physical assets or inventory.

Debt Coverage by Assets: GULPOLY's debt is covered by short term assets (assets are 1.731020x debt).


Next Steps

Dividend

What is Gulshan Polyols's current dividend yield, its reliability and sustainability?

1.83%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%0.6%markettop25%2.4%industryaverage0.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GULPOLY's dividend (1.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: GULPOLY's dividend (1.83%) is low compared to the top 25% of dividend payers in the Indian market (2.42%).

Stable Dividend: GULPOLY's dividend payments have been volatile in the past 10 years.

Growing Dividend: GULPOLY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.8%), GULPOLY's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Gulshan Polyols's salary, the management and board of directors tenure and is there insider trading?

9.1yrs

Average board tenure


CEO

Ashwani Vats (57yo)

0yrs

Tenure

₹3,543,000

Compensation

Mr. Ashwani Kumar Vats serves as Chief Executive Officer at Gulshan Polyols Ltd. Mr. Vats serves as an Executive Director at Gulshan Sugars and Chemicals Ltd. since April 1, 2005. He is responsible for the ...


CEO Compensation Analysis

Compensation vs. Market: Ashwani's total compensation ($USD49.85K) is too low to compare against companies of similar size in the Indian market ($USD32.51K).

Compensation vs Earnings: Ashwani's compensation has been consistent with company performance over the past year.


Board Age and Tenure

9.1yrs

Average Tenure

58yo

Average Age

Experienced Board: GULPOLY's board of directors are considered experienced (9.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹2,177,44112 Sep 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares44,106
Max Price₹49.37
Buy₹2,723,43931 Aug 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares63,005
Max Price₹43.23
Buy₹2,428,01226 Aug 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares61,978
Max Price₹39.18
Buy₹36,558,64822 Aug 19
Gulshan Holdings Pvt. Ltd.
EntityCompany
Shares935,000
Max Price₹39.10
Buy₹37,650,23022 Aug 19
East Delhi Importers & Exporters Private Limited
EntityCompany
Shares965,000
Max Price₹39.02
Buy₹1,460,25529 Jun 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares30,350
Max Price₹48.13
Buy₹598,24120 Apr 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares10,945
Max Price₹54.70
Buy₹1,267,82609 Apr 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares23,221
Max Price₹54.61
Buy₹1,604,94330 Mar 19
Gulshan Polyols Limited Employees Welfare Trust
EntityCompany
Shares29,692
Max Price₹54.46
Buy₹1,007,41622 Mar 19
Arushi Jain
EntityIndividual
Role
Member of the Board of Directors
Whole Time Director
Shares15,365
Max Price₹65.57
Buy₹1,018,89231 Jan 19
Anubha Gupta
EntityIndividual
Shares15,592
Max Price₹65.35
Buy₹1,164,64921 Dec 18
Arushi Jain
EntityIndividual
Role
Member of the Board of Directors
Whole Time Director
Shares19,015
Max Price₹61.25
Buy₹1,163,95721 Dec 18
Anubha Gupta
EntityIndividual
Shares18,579
Max Price₹62.65
Buy₹1,038,39318 Dec 18
Aditi Jain
EntityIndividual
Shares17,457
Max Price₹59.48
Buy₹1,303,17407 Dec 18
Aditi Jain
EntityIndividual
Shares22,264
Max Price₹58.53
Buy₹1,078,27106 Dec 18
Arushi Jain
EntityIndividual
Role
Member of the Board of Directors
Whole Time Director
Shares18,500
Max Price₹58.28

Ownership Breakdown


Management Team

  • Suresh Tewari (60yo)

    Whole Time Director

    • Tenure: 8.5yrs
    • Compensation: ₹2.47m
  • Ashwani Vats (57yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹3.54m
  • Chandra Jain (71yo)

    Chairman & MD

    • Tenure: 5.8yrs
    • Compensation: ₹16.23m
  • Arushi Jain (42yo)

    Whole Time Director

    • Tenure: 9.8yrs
    • Compensation: ₹4.24m
  • Aditi Pasari (40yo)

    Whole Time Director

    • Tenure: 9.8yrs
    • Compensation: ₹3.64m
  • Vijay Garg

    Company Secretary & Compliance officer

    • Tenure: 0.8yrs
    • Compensation: ₹532.00k
  • Arvind Gupta

    Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Rajiv Gupta

    Chief Financial Officer

    • Tenure: 1.3yrs
    • Compensation: ₹14.03m

Board Members

  • Suresh Tewari (60yo)

    Whole Time Director

    • Tenure: 8.5yrs
    • Compensation: ₹2.47m
  • Ashwani Vats (57yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ₹3.54m
  • Akhilesh Maheshwari (55yo)

    Non-Executive Independent Director

    • Tenure: 12yrs
    • Compensation: ₹346.00k
  • Chandra Jain (71yo)

    Chairman & MD

    • Tenure: 5.8yrs
    • Compensation: ₹16.23m
  • Arushi Jain (42yo)

    Whole Time Director

    • Tenure: 9.8yrs
    • Compensation: ₹4.24m
  • Ajay Jain (59yo)

    Non-Executive Independent Director

    • Tenure: 14yrs
    • Compensation: ₹346.00k
  • Kailash Gupta (73yo)

    Non-Executive Independent Director

    • Tenure: 3.4yrs
    • Compensation: ₹346.00k
  • Aditi Pasari (40yo)

    Whole Time Director

    • Tenure: 9.8yrs
    • Compensation: ₹3.64m
  • Rakesh Gupta (57yo)

    Non-Executive Independent Director

    • Tenure: 5.2yrs
    • Compensation: ₹346.00k
  • Jeewan Bhagat (72yo)

    Non-Executive Independent Director

    • Tenure: 5.2yrs
    • Compensation: ₹334.50k

Company Information

Gulshan Polyols Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gulshan Polyols Limited
  • Ticker: GULPOLY
  • Exchange: NSEI
  • Founded: 2000
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: ₹1.797b
  • Shares outstanding: 46.92m
  • Website: https://www.gulshanindia.com

Number of Employees


Location

  • Gulshan Polyols Limited
  • G-81, Preet Vihar
  • Delhi
  • Delhi
  • 110092
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532457BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2005
GULPOLYNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2005
532457BSE (Mumbai Stock Exchange)INR1ININRDec 2016
GULPOLYNSEI (National Stock Exchange of India)INR1ININRDec 2016

Biography

Gulshan Polyols Limited operates in chemicals industry in India and internationally. The company operates through Mineral Processing, Grain Processing, and Distillary segments. The company provides starch  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:55
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.