Gujarat Alkalies & Chemicals Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,975 Cr
- P/E
- 59.90
- ROE
- -0.05%
- Price to sales
- 0.89
- Debt to equity
- 0.11
- 52W high / low
- ₹802 / ₹414
- Sales growth (5Y)
- 12.40%
- EBITDA margin
- 11.15%
- Net profit margin
- -0.06%
- Promoter holding
- 47.28%
- Sales (last year)
- ₹4,498 Cr
Incorporated in 1973, Gujarat Alkalies and Chemicals Ltd is promoted by the Government of Gujarat, with promoter-group shareholding of 47.28% as of FY26. The company operates manufacturing complexes at Vadodara and Dahej, Gujarat, and has 50+ years of operating history in chlor-alkali and allied chemicals.[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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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 Gujarat Alkalies
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gujarat Alkalies
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,123 | 1,138 | 913 | 971 | 921 | 1,002 | 977 | 991 | 1,029 | 1,075 | 1,105 | 1,083 | 1,044 |
| Expenses + | 885 | 936 | 882 | 955 | 941 | 998 | 923 | 945 | 951 | 974 | 1,010 | 1,009 | 948 |
| Operating Profit | 238 | 202 | 31 | 16 | -20 | 4 | 54 | 46 | 78 | 101 | 95 | 74 | 96 |
| OPM % | 21% | 18% | 3% | 2% | -2% | 0% | 6% | 5% | 8% | 9% | 9% | 7% | 9% |
| Other Income + | 6 | 8 | 12 | 71 | 5 | 3 | 3 | 49 | 15 | 24 | 8 | 59 | 30 |
| Interest | 8 | 8 | 10 | 11 | 11 | 12 | 11 | 11 | 10 | 18 | 14 | 16 | 18 |
| Depreciation | 79 | 88 | 89 | 95 | 96 | 97 | 97 | 100 | 98 | 97 | 102 | 104 | 104 |
| Profit before tax | 157 | 115 | -57 | -18 | -123 | -102 | -50 | -16 | -15 | 10 | -12 | 14 | 4 |
| Tax % | 44% | 38% | 0% | -0% | -6% | -55% | -11% | 15% | -27% | 13% | 15% | -21% | 621% |
| Net Profit + | 87 | 71 | -57 | -18 | -115 | -46 | -45 | -18 | -11 | 9 | -14 | 16 | -20 |
| EPS in Rs | 11.87 | 9.67 | -7.78 | -2.50 | -15.68 | -6.29 | -6.06 | -2.48 | -1.53 | 1.20 | -1.88 | 2.23 | -2.72 |
Financials of Gujarat Alkalies
Profit & Loss
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,995 | 2,070 | 2,455 | 3,161 | 2,725 | 2,429 | 3,759 | 4,516 | 3,807 | 4,073 | 4,308 |
| Expenses + | 1,660 | 1,622 | 1,669 | 2,046 | 2,148 | 2,072 | 2,774 | 3,568 | 3,775 | 3,793 | 3,942 |
| Operating Profit | 335 | 448 | 786 | 1,115 | 577 | 357 | 984 | 949 | 32 | 279 | 366 |
| OPM % | 17% | 22% | 32% | 35% | 21% | 15% | 26% | 21% | 1% | 7% | 8% |
| Other Income + | 45 | 56 | 106 | 62 | 90 | 67 | 46 | 42 | 90 | 92 | 123 |
| Interest | 10 | 13 | 15 | 21 | 14 | 15 | 6 | 19 | 45 | 51 | 66 |
| Depreciation | 107 | 111 | 127 | 140 | 162 | 174 | 198 | 276 | 377 | 392 | 407 |
| Profit before tax | 262 | 381 | 749 | 1,016 | 491 | 235 | 826 | 695 | -300 | -71 | 16 |
| Tax % | 16% | 19% | 29% | 32% | 32% | 29% | 32% | 41% | -21% | -9% | |
| Net Profit + | 220 | 307 | 534 | 690 | 332 | 166 | 560 | 410 | -237 | -65 | -9 |
| EPS in Rs | 29.90 | 41.85 | 72.78 | 93.98 | 45.22 | 22.57 | 76.22 | 55.78 | -32.25 | -8.87 | -1.17 |
| Dividend Payout % | 15% | 12% | 9% | 9% | 18% | 35% | 13% | 42% | -43% | -178% |
Financials of Gujarat Alkalies
Balance Sheet
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 |
| Reserves | 2,854 | 3,282 | 3,748 | 4,222 | 4,522 | 5,301 | 5,826 | 6,066 | 6,002 | 5,596 | 5,497 |
| Borrowings + | 295 | 353 | 291 | 247 | 205 | 498 | 594 | 597 | 544 | 561 | 637 |
| Other Liabilities + | 671 | 726 | 859 | 988 | 1,090 | 1,282 | 1,484 | 1,599 | 1,404 | 1,756 | 2,002 |
| Total Liabilities | 3,894 | 4,435 | 4,970 | 5,531 | 5,891 | 7,154 | 7,977 | 8,335 | 8,023 | 7,987 | 8,209 |
| Fixed Assets + | 1,821 | 2,073 | 2,104 | 2,300 | 2,610 | 2,587 | 2,702 | 4,250 | 4,617 | 4,584 | 4,522 |
| CWIP | 83 | 151 | 252 | 307 | 445 | 1,109 | 1,787 | 544 | 95 | 79 | 37 |
| Investments | 854 | 1,016 | 1,145 | 1,065 | 1,242 | 2,092 | 2,110 | 1,831 | 2,093 | 1,976 | 2,044 |
| Other Assets + | 1,136 | 1,196 | 1,469 | 1,858 | 1,594 | 1,366 | 1,379 | 1,710 | 1,218 | 1,348 | 1,607 |
| Total Assets | 3,894 | 4,435 | 4,970 | 5,531 | 5,891 | 7,154 | 7,977 | 8,335 | 8,023 | 7,987 | 8,209 |
Financials of Gujarat Alkalies
Cash Flows
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 201 | 502 | 514 | 838 | 630 | 421 | 735 | 960 | 67 | 381 |
| Cash from Investing Activity + | -352 | -467 | -395 | -581 | -634 | -334 | -804 | -662 | -90 | -264 |
| Cash from Financing Activity + | 84 | 13 | -116 | -136 | -146 | 226 | 12 | -140 | -277 | -145 |
| Net Cash Flow | -67 | 49 | 3 | 122 | -150 | 313 | -58 | 158 | -301 | -28 |
| Free Cash Flow | -80 | 63 | 230 | 451 | 56 | -370 | -173 | 277 | -164 | 59 |
| CFO/OP | 75% | 132% | 83% | 98% | 121% | 133% | 106% | 121% | 353% | 112% |
Financials of Gujarat Alkalies
Ratios
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 58 | 60 | 56 | 50 | 43 | 29 | 23 | 17 | 24 |
| Inventory Days | 99 | 94 | 147 | 99 | 92 | 88 | 101 | 111 | 93 | 110 |
| Days Payable | 99 | 125 | 154 | 134 | 126 | 111 | 101 | 119 | 86 | 115 |
| Cash Conversion Cycle | 60 | 27 | 53 | 22 | 17 | 21 | 29 | 15 | 25 | 19 |
| Working Capital Days | 89 | 81 | 98 | 96 | 107 | 10 | 4 | 5 | -1 | -3 |
| ROCE % | 11% | 18% | 24% | 11% | 5% | 13% | 11% | -4% | -0% |
Momentum score · price trend
15 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 | −5.8% | 56% |
| Last 6 months | −32.4% | 7% |
| Last 3 months | −19.3% | 23% |
The price is 45.6% below its all-time high of ₹994 (29 Apr 2022). Stocks more than 20% below their peak have their score halved, so 30 became 15.
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 Gujarat Alkalies: 0.4 × 56 + 0.4 × 7 + 0.2 × 23 = 30, halved to 15 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 30 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 Gujarat Alkalies's management said in earlier quarters
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