Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of GHCL Ltd
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 + | 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 |
| Profit before tax | 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 | 23.70 | 44.60 | 14.94 | 10.43 | 13.04 | 15.73 | 16.17 | 17.59 | 15.69 | 15.00 | 11.11 | 11.53 | 12.58 |
Financials of GHCL Ltd
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 + | 2,356 | 2,531 | 2,784 | 2,919 | 3,341 | 3,305 | 2,491 | 3,778 | 4,545 | 3,447 | 3,183 | 3,064 |
| Expenses + | 1,828 | 1,901 | 2,103 | 2,313 | 2,582 | 2,576 | 1,886 | 2,797 | 3,048 | 2,596 | 2,306 | 2,375 |
| Operating Profit | 528 | 629 | 681 | 607 | 759 | 729 | 605 | 982 | 1,497 | 851 | 877 | 689 |
| OPM % | 22% | 25% | 24% | 21% | 23% | 22% | 24% | 26% | 33% | 25% | 28% | 22% |
| Other Income + | -15 | -3 | 37 | 38 | 16 | 16 | 18 | 58 | 124 | 270 | 88 | 73 |
| Interest | 171 | 165 | 137 | 127 | 127 | 120 | 74 | 64 | 39 | 27 | 17 | 9 |
| Depreciation | 85 | 82 | 86 | 110 | 117 | 131 | 111 | 117 | 94 | 102 | 112 | 111 |
| Profit before tax | 257 | 380 | 495 | 407 | 531 | 495 | 437 | 859 | 1,489 | 991 | 836 | 642 |
| Tax % | 29% | 32% | 23% | 13% | 34% | 20% | 25% | 25% | 23% | 20% | 25% | 26% |
| Net Profit + | 182 | 258 | 380 | 356 | 351 | 397 | 326 | 647 | 1,142 | 794 | 624 | 472 |
| EPS in Rs | 18.19 | 25.78 | 38.04 | 36.59 | 35.77 | 41.75 | 34.33 | 67.79 | 119.41 | 82.94 | 65.18 | 51.39 |
| Dividend Payout % | 12% | 0% | 13% | 14% | 14% | 7% | 16% | 0% | 15% | 14% | 18% | 23% |
Financials of GHCL Ltd
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 | 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 | 2,990 | 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 | 1,122 | 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 |
Financials of GHCL Ltd
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 + | 416 | 509 | 458 | 590 | 530 | 624 | 621 | 643 | 856 | 797 | 638 | 687 |
| Cash from Investing Activity + | -127 | -249 | -375 | -279 | -271 | -206 | -109 | -337 | -403 | -534 | -358 | -291 |
| Cash from Financing Activity + | -296 | -252 | -113 | -308 | -258 | -339 | -569 | -98 | -536 | -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% | 86% | 87% | 116% | 98% | 124% |
Financials of GHCL Ltd
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 | 38 | 26 | 36 | 29 | 32 | 30 | 33 | 22 | 18 | 19 | 24 | 21 |
| Inventory Days | 193 | 194 | 187 | 182 | 199 | 198 | 245 | 204 | 177 | 185 | 217 | 199 |
| Days Payable | 155 | 110 | 107 | 109 | 106 | 102 | 121 | 74 | 53 | 55 | 57 | 94 |
| Cash Conversion Cycle | 76 | 110 | 117 | 101 | 125 | 126 | 158 | 152 | 142 | 149 | 183 | 126 |
| Working Capital Days | -39 | -48 | -30 | -12 | 10 | 26 | 61 | 70 | 159 | 50 | 58 | 166 |
| ROCE % | 22% | 25% | 24% | 19% | 21% | 19% | 15% | 25% | 35% | 21% | 24% | 18% |