GHCL share price today

GHCL Ltd's share price was ₹417.10 at the close on 6 November 2026. It has been falling for 44 weeks. That is 9.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹376 and ₹606, and at that close it sat 18% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today GHCL Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +293% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: foreign funds (FIIs) cut their stake for 5 quarters in a row, indian funds and insurers (DIIs) raised their stake for 3 quarters in a row and highest quarterly revenue in 9 quarters.

1. Foreign funds (FIIs) cut their stake for 5 quarters in a row

   From 26.4% to 22% of the company by the September 2026 quarter.

2. Indian funds and insurers (DIIs) raised their stake for 3 quarters in a row

   From 9.5% to 11.5% of the company by the September 2026 quarter.

3. Highest quarterly revenue in 9 quarters

   Revenue of ₹808 crore in the September 2026 quarter is the highest of the last 9 quarters.

For July to September 2026 (the quarter ended 30 September 2026), GHCL reported revenue of ₹808 crore, up 12.1% from ₹721 crore a year earlier, and a profit of ₹127 crore, up 18.7% from ₹107 crore.

GHCL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 3 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

GHCL closed at ₹417.10 on 6 November 2026, down 32.6% from ₹618.40 a year earlier (7 November 2025) and up 2.6% over five years. Its highest weekly close since March 2016 was ₹758.50 on 3 January 2025.

GHCL share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

562 weekly closes from 11 March 2016 to 6 November 2026.

6 Nov 2026: GHCL closed at ₹417.10, up 10.6% on the week and up 8.0% on the month. Results for July to September 2026: Revenue up 12.1% and profit up 18.7% on a year earlier.

Earlier

• 3 Aug 2026: GHCL held its results call for April to June 2026. Management guided: Margins expected to moderate and normalize through FY27; annual performance preferred over quarter-to-quarter extrapolation.
• 18 Jun 2026: ex-date for a dividend of ₹12 a share.

GHCL paid ₹12 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 2.88% at the ₹417.10 close on 6 November 2026. The last was a dividend of ₹12 a share, ex-date 18 June 2026.

GHCL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. GHCL Ltd paid out 23% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 7 November 2026.

On the call for April to June 2026, held on 3 August 2026, GHCL's management guided: Margins expected to moderate and normalize through FY27; annual performance preferred over quarter-to-quarter extrapolation.

“These benefits are transient in nature, and this quarter's margin should not be read as our normalized run rate.”Raman Chopra, on the call for April to June 2026

What management guided

• Vacuum salt and bromine commercial production expected in July to September 2026; scale-up gradual and phased, with intended capacity during FY27.
• Both projects assumed at 100% utilization in FY28.
• Full-utilisation project guidance varied between ₹150-160 crore revenue at 40-45% operating profit and ₹175-180 crore at 42-45%.
• FY27 capital spending roughly ₹140-150 crore, mainly the two projects, factory infrastructure and regular capital spending.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 3 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When GHCL reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Vacuum salt and bromine commercialisation - verify plant starts, monsoon-affected ramp and eventual full-utilisation economics against both disclosed ranges.

GHCL is on 2 of our India lists: 52 week high & low and Dividend stocks.

GHCL Ltd earned ₹127 Cr of net profit in the Sep 2026 quarter, +18.7% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹479 Cr. Over 10 years profit has grown 6.4% a year on average. That is 15.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹107 Cr.

For the full year, FY26 profit was ₹479 Cr (−23.5% on the year before).

Why profit moved: revenue changed +12.1% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed −1.9% and revenue +1.9%. Profit is growing slower than sales: rising costs are taking part of the growth.

GHCL Ltd reported ₹808 Cr of revenue in the Sep 2026 quarter, +12.1% on the same quarter a year earlier. Over 10 years it has grown 1.9% a year on average. The last full year, FY26, came in at ₹3,064 Cr. The last four reported quarters add to ₹3,130 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹3,064 Cr, −3.7% on the year before.

Recent pace: the last four quarters grew +1.9% on average, against 1.9% a year over the longer run, so this year is growing at about the same pace as its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +1.7%, against −1.8% a year over the last 8 quarters (accelerating); profit over the last 12 months grew −4.9%, against +1.3% a year (rolling over).

GHCL Ltd's operating margin was 23.0% in the Sep 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 20.0% and 33.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +1.6 percentage points on the year while gross margin changed −1.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 111% of GHCL Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹681 Cr of operating cash against ₹479 Cr of profit. After ₹282 Cr of spending on assets, ₹399 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 111% of profit came in as cash: the cash cycle got 12 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

GHCL Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 126 days in FY26, down from 138 days in FY21. It spent ₹756 Cr on assets over the last 3 years. Customers take 21 days to pay, and stock sits for 199 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹3,064 Cr, each day of that cycle ties up about ₹8.4 Cr, so roughly ₹1,058 Cr is tied up in the business at any time.

FY26: customers took 21 days to pay and stock sat for 199 days, about 6.5 months of sales sitting as stock, for a full cycle of 126 days, shorter than FY21's 138.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 199 days. Customers pay about 21 days after that. Suppliers are paid at 94 days. Together that makes the 126-day cycle.

Spending on assets: ₹756 Cr over the last 3 years, against ₹325 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹450 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

GHCL Ltd's P/E is 7.6×, in the middle of its own history: higher than 59% of past readings. Its usual P/E (the middle reading) is 7.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹59.24.