Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Gulshan Polyols Ltd
Quarter-by-quarter operating performance
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 276 | 332 | 302 | 293 | 308 | 371 | 406 | 455 | 440 | 610 | 515 | 593 | 542 |
| Expenses + | 257 | 310 | 276 | 282 | 292 | 360 | 386 | 431 | 424 | 583 | 486 | 557 | 500 |
| Operating Profit | 19 | 22 | 26 | 12 | 16 | 11 | 19 | 24 | 16 | 27 | 29 | 37 | 42 |
| OPM % | 7% | 7% | 8% | 4% | 5% | 3% | 5% | 5% | 4% | 4% | 6% | 6% | 8% |
| Other Income + | 1 | 2 | 3 | 4 | 4 | 3 | 1 | 2 | 1 | 1 | 1 | 2 | 0 |
| Interest | 1 | 2 | 2 | 2 | 4 | 0 | 4 | 4 | 7 | 8 | 9 | 8 | 8 |
| Depreciation | 7 | 7 | 7 | 9 | 10 | 5 | 9 | 8 | 8 | 11 | 10 | 11 | 11 |
| Profit before tax | 12 | 15 | 19 | 5 | 7 | 8 | 8 | 13 | 2 | 9 | 11 | 20 | 23 |
| Tax % | 23% | 23% | 26% | 7% | 67% | 42% | 22% | 25% | 34% | 26% | 33% | 34% | 30% |
| Net Profit + | 9 | 12 | 14 | 4 | 2 | 5 | 7 | 10 | 1 | 7 | 7 | 13 | 16 |
| EPS in Rs | 1.46 | 1.90 | 2.30 | 0.70 | 0.35 | 0.74 | 1.05 | 1.55 | 0.20 | 1.08 | 1.12 | 2.11 | 2.53 |
Financials of Gulshan Polyols Ltd
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 1,101 | 1,180 | 1,378 | 2,020 | 2,260 |
| Expenses + | 951 | 1,092 | 1,320 | 1,923 | 2,126 |
| Operating Profit | 150 | 88 | 58 | 97 | 134 |
| OPM % | 14% | 7% | 4% | 5% | 6% |
| Other Income + | 2 | 7 | 12 | 3 | 4 |
| Interest | 5 | 6 | 10 | 28 | 33 |
| Depreciation | 32 | 29 | 32 | 37 | 43 |
| Profit before tax | 115 | 60 | 28 | 34 | 62 |
| Tax % | 26% | 25% | 36% | 28% | |
| Net Profit + | 85 | 45 | 18 | 25 | 43 |
| EPS in Rs | 14.40 | 7.24 | 2.85 | 3.96 | 6.84 |
| Dividend Payout % | 12% | 6% | 11% | 8% |
Financials of Gulshan Polyols Ltd
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 6 | 6 | 6 |
| Reserves | 530 | 570 | 584 | 607 | 634 |
| Borrowings + | 117 | 248 | 349 | 392 | 453 |
| Other Liabilities + | 122 | 165 | 217 | 318 | 197 |
| Total Liabilities | 774 | 988 | 1,156 | 1,323 | 1,291 |
| Fixed Assets + | 240 | 279 | 521 | 718 | 708 |
| CWIP | 91 | 278 | 182 | 4 | 4 |
| Investments | 26 | 23 | 15 | 17 | 18 |
| Other Assets + | 417 | 408 | 438 | 584 | 560 |
| Total Assets | 774 | 988 | 1,156 | 1,323 | 1,291 |
Financials of Gulshan Polyols Ltd
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | 61 | 15 | 66 | 42 |
| Cash from Investing Activity + | -136 | -247 | -158 | -54 |
| Cash from Financing Activity + | 170 | 124 | 88 | 13 |
| Net Cash Flow | 95 | -107 | -4 | 1 |
| Free Cash Flow | -52 | -238 | -113 | -15 |
| CFO/OP | 60% | 37% | 125% | 47% |
Financials of Gulshan Polyols Ltd
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 40 | 44 | 44 | 33 |
| Inventory Days | 69 | 82 | 62 | 76 |
| Days Payable | 37 | 42 | 52 | 60 |
| Cash Conversion Cycle | 72 | 84 | 54 | 49 |
| Working Capital Days | 26 | 33 | 27 | 9 |
| ROCE % | 9% | 3% | 6% |