# GHCL share price today (GHCL Ltd, NSE: GHCL)

> GHCL share price today: ₹407.30 at the NSE close on 4 November 2026, down 34.1% in a year. GHCL (NSE: GHCL) is worth ₹3,754 crore, trades at a P/E of 7.4 and has closed between ₹375.90 and ₹618.40 over the past 52 weeks. > GHCL Ltd's share price has fallen more than its earnings. Earnings per share fell 20.4% in a year while the price moved −34.1%. GHCL · Chemicals - Inorganic - Caustic Soda/Soda Ash · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/ghcl-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹407.30 (−34.1% in a year)
- P/E: 7.4× (higher than 56% of the last 11 years)
- Revenue (Sep 2026): ₹808 Cr (+12.1% on a year ago)
- Profit (Sep 2026): ₹127 Cr (+18.7% on a year ago)
- Operating margin: 23.0% (+1.0 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 17.2%, against a 12.0% cost of capital: +5.2 points

The main question: foreign institutions moved −3.7 percentage points over 8 quarters while the business went the other way. ## What is the GHCL share price today? GHCL Ltd's share price was ₹407.30 at the close on 4 November 2026. It has been falling for 44 weeks. That is 11.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹376 and ₹618, and at that close it sat 13% of the way up from that low. 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 +284% 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. ## What changed at GHCL this quarter? 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. ## What are GHCL's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹808 crore | ₹721 crore | +12.1% |
| Profit | ₹127 crore | ₹107 crore | +18.7% |
| Earnings per share | ₹13.83 | ₹11.17 | +23.8% |
| Operating margin | 23.0% | 22.0% | +1.0 points |

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.)

## What is the GHCL share price history? GHCL closed at ₹407.30 on 4 November 2026, down 34.1% from ₹618.40 a year earlier (7 November 2025) and up 0.2% over five years. Its highest weekly close since March 2016 was ₹758.50 on 3 January 2025. ### GHCL share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹377.20 | +8.0% |
| 1 month ago · 1 Oct 2026 | ₹401.75 | +1.4% |
| 6 months ago · 8 May 2026 | ₹510.90 | −20.3% |
| 1 year ago · 7 Nov 2025 | ₹618.40 | −34.1% |
| 3 years ago · 3 Nov 2023 | ₹568.20 | −28.3% |
| 5 years ago · 4 Nov 2021 | ₹406.67 | +0.2% |
| 10 years ago · 4 Nov 2016 | ₹242.12 | +68.2% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹106.18 | +283.6% |
| Highest weekly close since March 2016 · 3 Jan 2025 | ₹758.50 | −46.3% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹76.89 | +429.7% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹618.40 | −34.1% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹375.90 | +8.4% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (562 weekly closes from 11 March 2016 to 4 November 2026.)

## What is the latest news on GHCL? 4 Nov 2026: GHCL closed at ₹407.30, up 8.0% on the week and up 1.4% 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. ## What dividend does GHCL pay? GHCL paid ₹12 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 2.95% at the ₹407.30 close on 4 November 2026. The last was a dividend of ₹12 a share, ex-date 18 June 2026. ### GHCL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 18 Jun 2026 | ₹12 | Dividend | same day |
| 17 Jul 2025 | ₹12 | Dividend | same day |
| 1 Jul 2024 | ₹12 | Dividend | same day |
| 23 Jun 2023 | ₹17.50 | Dividend | 24 Jun 2023 |
| 22 Jun 2022 | ₹15 | Dividend + Special | 23 Jun 2022 |
| 10 Jun 2021 | ₹5.50 | Dividend | 12 Jun 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What did GHCL management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/122/Conference Call/CC-Aug26.pdf). (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.)

## What to watch in GHCL's next results? 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. - What to check (from the call)
- Vacuum salt and bromine commercialisation - verify plant starts, monsoon-affected ramp and eventual full-utilisation economics against both disclosed ranges. - Consolidated margins - test whether conflict-driven costs, capacity and realizations initiate the guided normalization. - Greenfield soda ash project - check for land-acquisition resolution and a concrete construction or commissioning timetable. - Solar-glass demand - monitor planned capacity commissioning and the resulting acceleration in soda ash offtake. ## Which stock lists is GHCL on? GHCL is on 2 of our India lists: 52 week high & low and Dividend stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 2.95](https://www.sectoralpha.in/dividend-stocks-india)

## Is GHCL profitable? 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. 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. ## How much revenue does GHCL make, and is it growing? 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. 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). ## How much of every ₹100 of sales does GHCL keep? 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. 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. ## Is GHCL's profit turning into cash? 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. 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. ## Where does GHCL's cash go? 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. 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. ## What is GHCL's P/E ratio, and how does it compare with its own history? GHCL Ltd's P/E is 7.4×, in the middle of its own history: higher than 56% 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. 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. Why the multiple is where it is: over the past year earnings per share moved −20.4% while the price moved −34.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +0.0% a year; about +4.0% a year came from earnings growth and about −4.0 percentage points from the multiple (the market paying less); over 10 years the price moved +5.3% a year; about +4.5% a year came from earnings growth and about +0.8 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the GHCL business getting better or worse? GHCL Ltd's business is giving mixed signals. Profit and EPS growth are shrinking while ROCE is steady at 18.8%, so growth and returns point different ways. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does GHCL earn on its capital? GHCL Ltd earned a ROCE of 18% in FY26. That is up from a low of 15% in FY21. Its return on capital used (ROIC) is 5.2 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.6% net margin and 0.71× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 15.6% net margin × 0.71× asset turnover × 1.21× leverage (assets divided by equity) ≈ 13.4% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 17.2% − 12.0% = +5.2 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. ## Does GHCL have too much debt? GHCL Ltd has total debt of ₹83.0 Cr against shareholder equity of ₹3,552 Cr as of Jun 2026, so its debt is 0.02× its equity, which is very little. Year by year, that ratio went from 0.27 in FY22 to 0.02 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the GHCL shareholding pattern? Foreign institutions cut their stake in GHCL Ltd by 3.7 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 22.0% of the company. Domestic institutions moved +1.7 points over the same period, to 11.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −3.7 points over 8 quarters, to 22.0%; Domestic institutions: +1.7 points over 8 quarters, to 11.5%; Promoters: +0.8 points over 8 quarters, to 19.8%. Promoters own under 20%, so this is a widely owned company where institutions, not a family, have the most say. Why the owners changed: foreign institutions moved −3.7 points and domestic institutions +1.7 points over 8 quarters, while promoters moved +0.8 points. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is GHCL from balance-sheet trouble? For GHCL Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does GHCL rank in its industry? 49.8 out of 100, rank 3 of 7 in Chemicals - Inorganic - Caustic Soda/Soda Ash, with 100% of the evidence available. GHCL Ltd scores 49.8 out of 100 against the 7 companies it is compared with in Chemicals - Inorganic - Caustic Soda/Soda Ash, ranking 3. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 14.5 + 18.6 + 13.8 + 2.9 = 49.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is GHCL compared with? GHCL ranks 3 of 7 Chemicals - Inorganic - Caustic Soda/Soda Ash companies on the 4-Factor Sector Score, with 49.8 out of 100. 1. [TGV Sraac Ltd](https://www.sectoralpha.in/stocks/tgv-sraac-ltd) TGVSL · breaking out · Most evidence points up · 81% evidence 68.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 7.6% · Profit 16.9% · Operating margin change -1 points · 88% evidence Capital efficiency 17.4/25 · ROCE 13% · Operating margin 18% · 100% evidence Valuation 16.2/20 · P/E 8.4× · PEG 0.19 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 9.7% · 1 year -9.2% · 25% evidence · 5 of 5 weeks ahead Exact sum: 21.9 + 17.4 + 16.2 + 12.5 = 68 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Gujarat Alkalies & Chemicals Ltd](https://www.sectoralpha.in/stocks/gujarat-alkalies-chemicals-ltd) GUJALKALI · losing its lead · Evidence leans up · 81% evidence 55.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 7.1% · Profit 100% · Operating margin change 9 points · 65% evidence Capital efficiency 8.3/25 · ROCE 1.4% · Operating margin 18% · 100% evidence Valuation 13.5/20 · P/E 59.9× · PEG 0.15 · 65% evidence Relative strength 10.3/20 · Lead over its industry 4.1% · Lead over NIFTY 500 -4.3% · 1 year -5.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 23.1 + 8.3 + 13.5 + 10.3 = 55.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. GHCL Ltd this page GHCL · quiet · Evidence leans down · 100% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.5/35 · Revenue 1.7% · Profit -4.9% · Operating margin change 1 points · 100% evidence Capital efficiency 18.6/25 · ROCE 17.6% · Operating margin 23% · 100% evidence Valuation 13.8/20 · P/E 6.9× · PEG 1.14 · 100% evidence Relative strength 2.9/20 · Lead over its industry -9.7% · Lead over NIFTY 500 -16.9% · 1 year -41.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.5 + 18.6 + 13.8 + 2.9 = 49.8 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. [Tuticorin Alkali Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/tuticorin-alkali-chemicals-fertilizers-ltd) TUTIALKA · quiet · Evidence leans down · 71% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 9.3% · Profit -6.7% · Operating margin change -11.2 points · 88% evidence Capital efficiency 17.6/25 · ROCE 22.2% · Operating margin 13.3% · 100% evidence Valuation 8.8/20 · P/E 17.3× · PEG n/a · 50% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.3% · 1 year -32.7% · 25% evidence · 0 of 5 weeks ahead Exact sum: 12 + 17.6 + 8.8 + 8.8 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Chemfab Alkalis Ltd](https://www.sectoralpha.in/stocks/chemfab-alkalis-ltd) CHEMFAB · Too little evidence to rank firmly · 56% evidence 43.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/43.75 · Revenue -16.2% · Profit 95.3% · Operating margin change 1.5 points · 88% evidence Capital efficiency 4.8/31.25 · ROCE 1% · Operating margin 13.8% · 100% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 25.8 + 4.8 + 12.5 = 43.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Primo Chemicals Ltd](https://www.sectoralpha.in/stocks/primo-chemicals-ltd) PRIMO · quiet · Evidence leans down · 71% evidence 42.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.0/35 · Revenue -2.7% · Profit -15.5% · Operating margin change 0.5 points · 88% evidence Capital efficiency 11.2/25 · ROCE 6.4% · Operating margin 14.8% · 100% evidence Valuation 8.3/20 · P/E 35.1× · PEG n/a · 50% evidence Relative strength 11.6/20 · Lead over its industry n/a · Lead over NIFTY 500 3.7% · 1 year n/a · 25% evidence · 5 of 12 weeks ahead Exact sum: 11 + 11.2 + 8.3 + 11.6 = 42.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Tata Chemicals Ltd](https://www.sectoralpha.in/stocks/tata-chemicals-ltd) TATACHEM · basing · Most evidence points down · 76% evidence 28.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 5.9/35 · Revenue 2% · Profit -80% · Operating margin change -4 points · 88% evidence Capital efficiency 6.1/25 · ROCE 3.4% · Operating margin 13% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 6.7/20 · Lead over its industry -3.8% · Lead over NIFTY 500 -11.5% · 1 year -33.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 5.9 + 6.1 + 10 + 6.7 = 28.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Chemicals - Inorganic - Caustic Soda/Soda Ash](https://www.sectoralpha.in/sectors/chemicals-inorganic-caustic-soda-soda-ash), all 7 compared on one page. ## Which companies are close to GHCL in size? GHCL is the 3rd largest of 7 Chemicals - Inorganic - Caustic Soda/Soda Ash companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Tata Chemicals and Gujarat Alkalies & Chemicals. Just below it: TGV Sraac, Tuticorin Alkali Chemicals & Fertilizers, Primo Chemicals and Chemfab Alkalis. ### Chemicals - Inorganic - Caustic Soda/Soda Ash companies close in size

1. [Tata Chemicals Ltd](https://www.sectoralpha.in/stocks/tata-chemicals-ltd) ₹15,174 crore
2. [Gujarat Alkalies & Chemicals Ltd](https://www.sectoralpha.in/stocks/gujarat-alkalies-chemicals-ltd) ₹3,975 crore
3. GHCL Ltd ₹3,475 crore
4. [TGV Sraac Ltd](https://www.sectoralpha.in/stocks/tgv-sraac-ltd) ₹1,171 crore
5. [Tuticorin Alkali Chemicals & Fertilizers Ltd](https://www.sectoralpha.in/stocks/tuticorin-alkali-chemicals-fertilizers-ltd) ₹579 crore
6. [Primo Chemicals Ltd](https://www.sectoralpha.in/stocks/primo-chemicals-ltd) ₹548 crore
7. [Chemfab Alkalis Ltd](https://www.sectoralpha.in/stocks/chemfab-alkalis-ltd) ₹472 crore

[All 7 Chemicals - Inorganic - Caustic Soda/Soda Ash companies, largest first](https://www.sectoralpha.in/sectors/chemicals-inorganic-caustic-soda-soda-ash#all-companies)

### Companies close in size in other industries

1. [Steelcast Ltd](https://www.sectoralpha.in/stocks/steelcast-ltd) ₹3,522 crore · Castings, Forgings & Fastners
2. [Kiri Industries Ltd](https://www.sectoralpha.in/stocks/kiri-industries-ltd) ₹3,513 crore · Dyes & Pigments
3. GHCL Ltd ₹3,475 crore
4. [Cigniti Technologies Ltd](https://www.sectoralpha.in/stocks/cigniti-technologies-ltd) ₹3,472 crore · IT - Software
5. [Caliber Mining and Logistics Ltd](https://www.sectoralpha.in/stocks/caliber-mining-and-logistics-ltd) ₹3,459 crore · Mining/Minerals

## What else do people ask about GHCL? ### What is GHCL's share price today? GHCL Ltd's share price is ₹407.30, −34.1% over the past year. The whole company is worth ₹3,754 Cr on the market. In the last 52 weeks it traded between ₹376 to ₹618; today it is 13% of the way up from the low, 11.1% below its 200-day average (as of 4 November 2026). ### What were GHCL's latest quarterly results? GHCL Ltd reported revenue of ₹808 Cr and net profit of ₹127 Cr for the Sep 2026 quarter. Revenue rose 12.1% and profit rose 18.7% compared with a year earlier. Earnings per share were ₹13.83. The operating margin was 23.0%, 1.0 percentage points higher than a year earlier (as of 4 November 2026). ### What is GHCL's market cap? GHCL Ltd's market capitalisation is ₹3,754 Cr at a share price of ₹407.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is GHCL performing? GHCL Ltd's share price has been falling for 44 weeks. In its latest quarter, revenue rose 12.1% and profit rose 18.7% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 4 November 2026). ### Will GHCL's share price go up? This page does not forecast GHCL Ltd's share price. What it shows instead: the share price is ₹407.30, and it has been falling for 44 weeks. Its P/E of 7.4× is higher than 56% of its own last 11 years (as of 4 November 2026). ### Who owns GHCL? Promoters own 19.8% of GHCL Ltd, foreign institutions 22.0%, domestic institutions 11.5% and the public 46.7% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 3.7 percentage points over 8 quarters (as of 4 November 2026). ### Does GHCL have too much debt? No, GHCL Ltd has little debt: its debt is 0.02× its equity, and its operating profit is 69 times its interest bill. FY26 borrowings were ₹83.0 Cr against equity of ₹3,552 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is GHCL in its business cycle? GHCL Ltd's FY26 operating margin was 22.0%, against a 13-year range of 20.0% to 33.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 23.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the GHCL story? The main question: foreign institutions moved −3.7 percentage points over 8 quarters while the business went the other way. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is GHCL a stock worth studying right now? What the numbers show: GHCL Ltd's share price has fallen more than its earnings. Earnings per share fell 20.4% in a year while the price moved −34.1%. The main open question: whether the owners’ moves turn back in line with the business. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a GHCL share price forecast for 2026? What management itself guided: Margins expected to moderate and normalize through FY27; annual performance preferred over quarter-to-quarter extrapolation. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india

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