Galaxy Surfactants Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹7,704 Cr
- P/E
- 21.20
- ROE
- 10.89%
- PEG
- -2.11
- Price to sales
- 1.34
- Debt to equity
- 0.09
- 52W high / low
- ₹2,609 / ₹1,515
- Sales growth (5Y)
- 13.52%
- EBITDA margin
- 10.44%
- Net profit margin
- 5.30%
- Promoter holding
- 70.91%
- Sales (last year)
- ₹5,752 Cr
Galaxy Surfactants Ltd was Incorporated in 1986. It’s a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNC’s, Regional and Local FMCG brands.[1] The company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries [2]
Guidance scorecard · Q1 FY27 call
What Galaxy Surfactants Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
Chemicals & Petrochemicals
RevenueQ1 FY27 call
0–10%- Volume growth guidance maintained at 6% to 8% for full year FY26-27.
- Confident of sustaining 6% to 7% average volume growth beyond Q3-Q4 despite AMET market challenges.
- India region expected to continue strong volume growth, driven by rural demand and premiumization.
- Specialty ingredients and performance surfactants businesses both targeted for growth—no shift away from either.
- New specialty products pipeline expected to contribute over 5% of total revenue and margins by 2030.
- Inorganic growth pursued cautiously with acquisitions under evaluation, aiming for strategic fit and profitability accretion.
2 more points from Galaxy Surfactants Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Galaxy Surfactants Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Galaxy Surfactants plans a capex of about INR 150 crores for the current year, similar to the previous year.
- Some capex has already been front-loaded and commissioned, with the remainder to be commissioned this year.
- Capex is aimed at capacity expansions, including debottlenecking exercises, and preparing for anticipated business growth.
- There is a focus on growing both performance and specialty chemical segments.
- Inorganic growth via M&A is actively being evaluated; managment is seeking the right fit aligned with strategy and profitability.
- No planned acquisitions in the AMET market currently; any inorganic moves will be accretive and strategic.
2 more points from Galaxy Surfactants Ltd's call on capex
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FundraisingQ1 FY27 call
See what Galaxy Surfactants Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- It is mentioned that in the U.S. market, customer approvals and project approvals have started falling in place, indicating an improving order pipeline.
- The management highlighted good customer acceptance and project momentum, especially for new products like TRI-K and Everbond in the U.S. market.
- The momentum in demand remains healthy across key markets including India, U.S., and APAC.
2 more points from Galaxy Surfactants Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Galaxy Surfactants Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Galaxy Surfactants Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 980 | 942 | 983 | 940 | 929 | 974 | 1,063 | 1,042 | 1,145 | 1,278 | 1,326 | 1,329 | 1,315 |
| Expenses + | 845 | 819 | 858 | 828 | 827 | 850 | 935 | 936 | 1,018 | 1,154 | 1,216 | 1,210 | 1,193 |
| Operating Profit | 135 | 123 | 125 | 112 | 102 | 124 | 128 | 106 | 127 | 124 | 110 | 119 | 122 |
| OPM % | 14% | 13% | 13% | 12% | 11% | 13% | 12% | 10% | 11% | 10% | 8% | 9% | 9% |
| Other Income + | 7 | 2 | 3 | 6 | 24 | 5 | 9 | 4 | 8 | 11 | 6 | -7 | 0 |
| Interest | 6 | 6 | 5 | 6 | 5 | 4 | 4 | 5 | 6 | 7 | 7 | 9 | 8 |
| Depreciation | 23 | 24 | 25 | 25 | 26 | 27 | 28 | 28 | 28 | 29 | 30 | 31 | 33 |
| Profit before tax | 113 | 96 | 98 | 88 | 94 | 99 | 104 | 77 | 100 | 99 | 79 | 73 | 80 |
| Tax % | 20% | 22% | 21% | 19% | 18% | 19% | 19% | 16% | 24% | 20% | 16% | 19% | 22% |
| Net Profit + | 91 | 75 | 77 | 71 | 78 | 80 | 85 | 65 | 76 | 79 | 66 | 59 | 62 |
| EPS in Rs | 25.53 | 21.20 | 21.84 | 20.13 | 21.86 | 22.48 | 23.89 | 18.22 | 21.40 | 22.42 | 18.75 | 16.63 | 17.61 |
Financials of Galaxy Surfactants Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,870 | 1,799 | 2,158 | 2,432 | 2,761 | 2,595 | 2,782 | 3,684 | 4,462 | 3,792 | 4,221 | 5,248 |
| Expenses + | 1,681 | 1,563 | 1,886 | 2,144 | 2,408 | 2,226 | 2,334 | 3,284 | 3,894 | 3,330 | 3,737 | 4,773 |
| Operating Profit | 190 | 236 | 271 | 288 | 353 | 369 | 449 | 401 | 568 | 462 | 484 | 475 |
| OPM % | 10% | 13% | 13% | 12% | 13% | 14% | 16% | 11% | 13% | 12% | 11% | 9% |
| Other Income + | 2 | 6 | 10 | 10 | 5 | 6 | 11 | 13 | 10 | 35 | 26 | 10 |
| Interest | 34 | 34 | 27 | 31 | 30 | 24 | 13 | 13 | 22 | 22 | 19 | 31 |
| Depreciation | 45 | 45 | 47 | 49 | 51 | 62 | 74 | 71 | 83 | 100 | 110 | 123 |
| Profit before tax | 112 | 163 | 207 | 219 | 277 | 289 | 372 | 329 | 473 | 375 | 380 | 332 |
| Tax % | 40% | 37% | 29% | 28% | 31% | 20% | 19% | 20% | 19% | 20% | 20% | 19% |
| Net Profit + | 67 | 103 | 148 | 158 | 191 | 230 | 302 | 263 | 381 | 301 | 305 | 267 |
| EPS in Rs | 19.03 | 28.97 | 41.64 | 44.57 | 53.87 | 64.99 | 85.22 | 74.12 | 107.46 | 85.03 | 86.00 | 75.41 |
| Dividend Payout % | 21% | 31% | 14% | 16% | 15% | 22% | 21% | 24% | 20% | 26% | 5% | 0% |
Financials of Galaxy Surfactants Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 342 | 412 | 539 | 683 | 841 | 1,032 | 1,266 | 1,539 | 1,847 | 2,144 | 2,327 | 2,709 |
| Borrowings + | 451 | 412 | 393 | 348 | 298 | 396 | 289 | 421 | 327 | 187 | 210 | 235 |
| Other Liabilities + | 231 | 250 | 315 | 385 | 389 | 348 | 458 | 602 | 518 | 539 | 877 | 894 |
| Total Liabilities | 1,060 | 1,109 | 1,283 | 1,452 | 1,563 | 1,812 | 2,049 | 2,597 | 2,728 | 2,906 | 3,450 | 3,874 |
| Fixed Assets + | 459 | 436 | 456 | 447 | 519 | 748 | 712 | 760 | 923 | 973 | 1,030 | 1,174 |
| CWIP | 7 | 51 | 10 | 25 | 83 | 66 | 124 | 205 | 139 | 158 | 262 | 181 |
| Investments | 0 | 0 | 0 | 0 | 0 | 6 | 43 | 0 | 0 | 198 | 299 | 474 |
| Other Assets + | 594 | 623 | 817 | 980 | 962 | 992 | 1,170 | 1,630 | 1,665 | 1,576 | 1,859 | 2,045 |
| Total Assets | 1,060 | 1,109 | 1,283 | 1,452 | 1,563 | 1,812 | 2,049 | 2,597 | 2,728 | 2,906 | 3,450 | 3,874 |
Financials of Galaxy Surfactants Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 41 | 170 | 111 | 145 | 283 | 316 | 365 | 5 | 573 | 518 | 421 | 333 |
| Cash from Investing Activity + | -26 | -59 | -43 | -54 | -166 | -149 | -166 | -82 | -141 | -341 | -290 | -378 |
| Cash from Financing Activity + | -17 | -110 | -57 | -90 | -119 | -144 | -165 | 59 | -264 | -189 | -157 | -51 |
| Net Cash Flow | -2 | 0 | 11 | 1 | -2 | 23 | 34 | -18 | 168 | -11 | -27 | -96 |
| Free Cash Flow | 15 | 116 | 68 | 89 | 115 | 174 | 258 | -150 | 429 | 362 | 205 | 198 |
| CFO/OP | 49% | 98% | 62% | 71% | 101% | 104% | 97% | 16% | 118% | 129% | 101% | 85% |
Financials of Galaxy Surfactants Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 51 | 59 | 63 | 56 | 62 | 62 | 63 | 50 | 57 | 59 | 52 |
| Inventory Days | 68 | 72 | 79 | 75 | 68 | 72 | 91 | 103 | 78 | 82 | 95 | 74 |
| Days Payable | 50 | 59 | 63 | 71 | 59 | 60 | 80 | 75 | 52 | 66 | 81 | 61 |
| Cash Conversion Cycle | 61 | 64 | 75 | 67 | 65 | 73 | 72 | 91 | 76 | 73 | 73 | 65 |
| Working Capital Days | 4 | 27 | 31 | 39 | 41 | 43 | 50 | 63 | 55 | 64 | 52 | 80 |
| ROCE % | 23% | 26% | 25% | 28% | 24% | 25% | 19% | 24% | 17% | 16% | 13% |
Guidance history
How Galaxy Surfactants Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 0–10% | Flat | None planned | — | — |
| Q3 FY26 call → | 0–10% | Flat | Planned | — | — |
| Q2 FY26 call → | 0–10% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
34 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −4.3% | 56% |
| Last 6 months | +17.0% | 72% |
| Last 3 months | +11.4% | 80% |
The price is 36.2% below its all-time high of ₹3,404.45 (14 Oct 2021). Stocks more than 20% below their peak have their score halved, so 67 became 34.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Galaxy Surfactants Ltd: 0.4 × 56 + 0.4 × 72 + 0.2 × 80 = 67, halved to 34 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Galaxy Surfactants Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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