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Gujarat Alkalies & Chemicals Ltd: Stock Analysis & Fundamentals

Updated this week

Gujarat Alkalies & Chemicals Ltd (Chemicals - Inorganic - Caustic Soda/Soda Ash) — fundamental analysis, earnings data, and key metrics. ROE: -0.0%. This stock is not currently in the Nifty 500 momentum outperformers list.

Gujarat Alkalies & Chemicals Ltd Key Facts

What's Happening

🌐FII stake decreased 0.9% this quarter

Earnings Acceleration Triggers

1. Value Added Product Mix Shift
Post-commissioningHIGH
2. Operating Leverage Inflection
OngoingMEDIUM

Key Risks

1. Lower ECU realizations and heavy dumping of caustic soda products impacting marg
HIGH
2. Unusually high tax rate of 620
MEDIUM

Sector-Specific Signals

ECU RealizationUnder PressureNegative
Domestic Market Share13%Stable
Renewable Energy Mix35.7%Increased
Capacity UtilizationIncreasedPositive

Key Numbers

Current Price
₹627
Dividend Yield
2.52%
Market Cap
4.6K Cr
Valuation
N/A

Why Are Gujarat Alkalies & Chemicals Ltd's Earnings Accelerating?

Based on Q3 FY26 (web) earnings • Updated Apr 18, 2026

Value Added Product Mix Shift

Expected: Post-commissioningHIGH confidence

What: New Capacity: 33,870 TPA

Impact: ₹350 Cr Revenue

Operating Leverage Inflection

Expected: OngoingMEDIUM confidence

What: Renewable Energy Share: 35.7%

Impact: Cost reduction

What Are the Key Risks for Gujarat Alkalies & Chemicals Ltd?

Earnings deceleration risks from management commentary

Lower ECU realizations and heavy dumping of caustic soda products impacting marg

HIGH

Trigger: Lower ECU realizations and heavy dumping of caustic soda products impacting margins.

Impact: PAT impact: Not Given

Management view: Proactively taking corrective action for the imposition of Anti-Dumping Duty.

Monitor: commodity

Unusually high tax rate of 620

MEDIUM

Trigger: Unusually high tax rate of 620.89% in Q3 FY26 due to one-time adjustments.

Impact: PAT impact: ₹23.78 Cr tax charge

Management view: Not Given

Monitor: regulatory

What Did Gujarat Alkalies & Chemicals Ltd Report This Quarter?

Headline numbers from the latest earnings call

Revenue

₹1,044.46 Cr

YoY +1.46%QoQ -3.58%

Revenue remained range-bound due to limited pricing power in the core caustic soda business despite marginal YoY growth.

EBITDA

₹135 Cr

YoY +19%Margin 12.9%

Operational earnings improved due to enhanced efficiencies and higher consumption of renewable energy reaching 35.7% for the nine-month period.

PAT

₹-19.95 Cr

YoY +77.65%QoQ -222.09%

The bottom line was severely impacted by an extraordinary tax charge of ₹23.78 Cr and a one-off inventory valuation correction.

Other Highlights

• Inventory valuation correction of ₹18.29 Cr for Spent Palladium catalyst added to PBT.

• Renewable energy share increased to 35.7% for 9M FY26, aiding cost reduction.

• Interest costs surged to ₹18.48 Cr, the highest in recent quarters.

What Sector Metrics Matter for Gujarat Alkalies & Chemicals Ltd?

Sub-sector-specific signals from the latest concall — each with management's stated reason for the change

ECU Realization

Under Pressure

YoY NegativeQoQ Negative

Why: Heavy dumping of caustic soda products significantly impacting realizations.

Domestic Market Share

13%

YoY StableQoQ Stable

Why: Maintained position as one of India's largest producers.

Renewable Energy Mix

35.7%

YoY IncreasedQoQ Not Given

Why: Focus on cost reduction and green energy adoption under Project Ahvaan.

Capacity Utilization

Increased

YoY PositiveQoQ Not Given

Why: Successfully increased utilization across various plants to offset pricing pressure.

Interest Coverage Ratio

Low

YoY DeterioratedQoQ Deteriorated

Why: Interest costs surged to ₹18.48 Cr while core operations struggled for profitability.

What Is Gujarat Alkalies & Chemicals Ltd's Management Guidance?

Forward-looking targets from management for Annualized post-commissioning

Capex Plan

₹1029 Cr

Revenue Outlook

₹480 Cr

Capex Plan

₹1,029 Cr

Phosphoric acid plant, KOH expansion, and new boilers.

Management Tone: CAUTIOUS

The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.

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Frequently Asked Questions: Gujarat Alkalies & Chemicals Ltd

Based on publicly available financial data. This is educational research, not investment advice.

What were Gujarat Alkalies & Chemicals Ltd's latest quarterly results?

Gujarat Alkalies & Chemicals Ltd's latest quarterly results (Mar 2026) show

  • PAT Growth YoY: +66.7%
  • Revenue Growth YoY: +4.7%
  • Operating Margin: 10.0%

What is Gujarat Alkalies & Chemicals Ltd's price-to-book ratio?

Gujarat Alkalies & Chemicals Ltd's price-to-book ratio is 0.9x.

  • Price-to-Book (P/B): 0.9x
  • Book Value per Share: ₹707
  • Current Price: ₹627

Is Gujarat Alkalies & Chemicals Ltd a fundamentally strong company?

Gujarat Alkalies & Chemicals Ltd's fundamental strength based on key financial ratios

  • Return on Capital (ROCE): 1.0%

Is Gujarat Alkalies & Chemicals Ltd debt free?

Gujarat Alkalies & Chemicals Ltd has a debt-to-equity ratio of N/A.

  • Total Debt: ₹575 Cr

What is Gujarat Alkalies & Chemicals Ltd's return on equity (ROE) and ROCE?

Gujarat Alkalies & Chemicals Ltd's return ratios over recent years

  • FY2024: ROCE -4.0%
  • FY2025: ROCE 0.0%
  • FY2026: ROCE 1.0%

Is Gujarat Alkalies & Chemicals Ltd's cash flow positive?

Gujarat Alkalies & Chemicals Ltd's operating cash flow is positive (FY2026).

  • Cash from Operations (CFO): ₹406 Cr
  • Free Cash Flow (FCF): ₹178 Cr

What is Gujarat Alkalies & Chemicals Ltd's dividend yield?

Gujarat Alkalies & Chemicals Ltd's current dividend yield is 2.52%.

  • Dividend Yield: 2.52%
  • Current Price: ₹627

Who holds Gujarat Alkalies & Chemicals Ltd shares — promoters, FII, DII?

Gujarat Alkalies & Chemicals Ltd's shareholding pattern (Mar 2026)

  • Promoters: 47.3%
  • FII (Foreign): 0.9%
  • DII (Domestic): 3.7%
  • Public: 48.0%

Is promoter holding increasing or decreasing in Gujarat Alkalies & Chemicals Ltd?

Gujarat Alkalies & Chemicals Ltd's promoter holding has increased recently.

  • Current Promoter Holding: 47.3% (Mar 2026)
  • Previous Quarter: 46.3% (Dec 2025)
  • Change: +1.00% (increasing — positive signal)

Is Gujarat Alkalies & Chemicals Ltd a new momentum entry or an established outperformer?

Gujarat Alkalies & Chemicals Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.

What are the growth catalysts for Gujarat Alkalies & Chemicals Ltd?

Gujarat Alkalies & Chemicals Ltd has 2 key growth catalysts identified from recent earnings analysis

  • Value Added Product Mix Shift — Shift toward food-grade phosphoric acid reduces reliance on cyclical commodity caustic soda.
  • Operating Leverage Inflection — Lowering power costs (33-34% of TOI) is critical for margin expansion in chlor-alkali.

What are the key risks in Gujarat Alkalies & Chemicals Ltd?

Gujarat Alkalies & Chemicals Ltd has 2 key risks worth monitoring

  • [HIGH] Lower ECU realizations and heavy dumping of caustic soda products impacting marg — Lower ECU realizations and heavy dumping of caustic soda products impacting margins.
  • [MEDIUM] Unusually high tax rate of 620 — Unusually high tax rate of 620.89% in Q3 FY26 due to one-time adjustments.

What is Gujarat Alkalies & Chemicals Ltd's management guidance for growth?

Gujarat Alkalies & Chemicals Ltd's management has provided the following forward guidance for Annualized post-commissioning

  • Revenue outlook: ₹480 Cr
  • Margin outlook: Not Given
  • Capex plan: ₹1029 Cr for Phosphoric acid plant, KOH expansion, and new boilers.
  • Management tone: cautious

What sector-specific metrics matter most for Gujarat Alkalies & Chemicals Ltd?

Gujarat Alkalies & Chemicals Ltd's most important sub-sector-specific KPIs from the latest concall

  • ECU Realization: Under Pressure (YoY Negative) (QoQ Negative) — Heavy dumping of caustic soda products significantly impacting realizations.
  • Domestic Market Share: 13% (YoY Stable) (QoQ Stable) — Maintained position as one of India's largest producers.
  • Renewable Energy Mix: 35.7% (YoY Increased) (QoQ Not Given) — Focus on cost reduction and green energy adoption under Project Ahvaan.
  • Capacity Utilization: Increased (YoY Positive) (QoQ Not Given) — Successfully increased utilization across various plants to offset pricing pressure.
  • Interest Coverage Ratio: Low (YoY Deteriorated) (QoQ Deteriorated) — Interest costs surged to ₹18.48 Cr while core operations struggled for profitability.

Is Gujarat Alkalies & Chemicals Ltd worth studying for long term investment?

Based on quantitative research signals, here is why Gujarat Alkalies & Chemicals Ltd may be worth studying

  • Cash flow is positive — CFO ₹406 Cr

What is the investment thesis for Gujarat Alkalies & Chemicals Ltd?

Gujarat Alkalies & Chemicals Ltd investment thesis summary:

Research Signals (Bull Case)

  • Growth catalyst: Value Added Product Mix Shift

Risk Factors (Bear Case)

  • Key risk: Lower ECU realizations and heavy dumping of caustic soda products impacting marg

What is the future outlook for Gujarat Alkalies & Chemicals Ltd?

Gujarat Alkalies & Chemicals Ltd's forward outlook based on current data signals

  • Key Catalyst: Value Added Product Mix Shift
  • Key Risk: Lower ECU realizations and heavy dumping of caustic soda products impacting marg

The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.