# Gulshan Polyols share price today (Gulshan Polyols Ltd, NSE: GULPOLY)

> Gulshan Polyols share price today: ₹151.77 at the NSE close on 3 November 2026, up 0.2% in a year. Gulshan Polyols (NSE: GULPOLY) is worth ₹948 crore, trades at a P/E of 6.4 and has closed between ₹126.11 and ₹214.95 over the past 52 weeks. > Gulshan Polyols Ltd's earnings have grown faster than its share price. Earnings per share grew +332.7% in a year while the price moved +0.2%. GULPOLY · Miscellaneous · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/gulshan-polyols-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹151.77 (+0.2% in a year)
- P/E: 6.4× (lower than 98% of the last 11 years)
- Revenue (Jun 2026): ₹640 Cr (+7.9% on a year ago)
- Profit (Jun 2026): ₹54.0 Cr (+315.4% on a year ago)
- Operating margin: 13.0% (+7.0 points on a year ago)
- ROCE: 19%, FY26
- ROIC: 17.2%, against a 12.0% cost of capital: +5.2 points

The main question: yearly earnings per share moved +332.7% while the share price moved +0.2%. ## What is the Gulshan Polyols share price today? Gulshan Polyols Ltd's share price was ₹151.77 at the close on 3 November 2026. It has been falling for 2 weeks. That is 12.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹126 and ₹215, and at that close it sat 29% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 15 weeks running. Over the last 11 years the share price moved +187% while the NIFTY 500 moved +243%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. 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 Gulshan Polyols this quarter? 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹640 crore, +7.9% on a year earlier. Why: Revenue rose because the company is getting more out of its existing ethanol plants and has government orders. Next results: check how many ethanol litres the company wins in tenders and how much of its plants it uses against the FY27 plan. From the earnings call on 25 Sep 2026. 3. Profit up on a year earlier for 7 quarters in a row In the June 2026 quarter profit was ₹54 crore, +315.4% on a year earlier. Next results: check whether the weak second quarter from maize costs is followed by the recovery management expects. From the earnings call on 25 Sep 2026. ## What are Gulshan Polyols' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Gulshan Polyols reported revenue of ₹640 crore, up 7.9% from ₹593 crore a year earlier, and a profit of ₹54.0 crore, up 315.4% from ₹13.0 crore. ### Gulshan Polyols results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹640 crore | ₹593 crore | +7.9% |
| Profit | ₹54.0 crore | ₹13.0 crore | +315.4% |
| Earnings per share | ₹8.58 | ₹2.11 | +306.6% |
| Operating margin | 13.0% | 6.0% | +7.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Gulshan Polyols' management discussed these results on a call held on 25 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Gulshan Polyols share price history? Gulshan Polyols closed at ₹151.77 on 3 November 2026, up 0.2% from ₹151.46 a year earlier (31 October 2025) and down 34.7% over five years. Its highest weekly close since April 2016 was ₹351.21 on 4 February 2022. ### Gulshan Polyols share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹151.55 | +0.1% |
| 1 month ago · 1 Oct 2026 | ₹161.95 | −6.3% |
| 6 months ago · 30 Apr 2026 | ₹181.16 | −16.2% |
| 1 year ago · 31 Oct 2025 | ₹151.46 | +0.2% |
| 3 years ago · 3 Nov 2023 | ₹206.40 | −26.5% |
| 5 years ago · 4 Nov 2021 | ₹232.50 | −34.7% |
| 10 years ago · 4 Nov 2016 | ₹65.47 | +131.8% |
| Earliest weekly close in our records · 1 Apr 2016 | ₹52.95 | +186.6% |
| Highest weekly close since April 2016 · 4 Feb 2022 | ₹351.21 | −56.8% |
| Lowest weekly close since April 2016 · 27 Mar 2020 | ₹18.00 | +743.2% |
| 52-week high (weekly close) · 9 Jun 2026 | ₹214.95 | −29.4% |
| 52-week low (weekly close) · 1 Feb 2026 | ₹126.11 | +20.3% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 1 April 2016 to 3 November 2026.)

## What is the latest news on Gulshan Polyols? 3 Nov 2026: Gulshan Polyols closed at ₹151.77, up 0.1% on the week and down 6.3% on the month. 25 Sep 2026: Gulshan Polyols held its results call for April to June 2026. Management guided: FY27 consolidated operating margin 10-11%, approximately ₹250-260 crore operating profit; Q2 may be weak, with Q3/Q4 recovery. ### Earlier

- 28 Aug 2026: ex-date for a dividend of ₹1.50 a share. - Results for April to June 2026: Revenue up 7.9% and profit up 315.4% on a year earlier. ## What dividend does Gulshan Polyols pay? Gulshan Polyols paid ₹1.50 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.99% at the ₹151.77 close on 3 November 2026. The last was a dividend of ₹1.50 a share, ex-date 28 August 2026. ### Gulshan Polyols dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 28 Aug 2026 | ₹1.50 | Dividend | same day |
| 11 Sep 2025 | ₹0.30 | Dividend | same day |
| 12 Sep 2024 | ₹0.30 | Dividend | same day |
| 22 Sep 2023 | ₹0.50 | Dividend | n/a |
| 19 Sep 2022 | ₹1 | Dividend | n/a |
| 16 Nov 2021 | ₹1 | Interim | 17 Nov 2021 |
| 8 Sep 2021 | ₹0.40 | Dividend | n/a |

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. Gulshan Polyols Ltd paid out 9% 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 4 November 2026.)

## What did Gulshan Polyols management say on the latest results call? On the call for April to June 2026, held on 25 September 2026, Gulshan Polyols' management guided: FY27 consolidated operating margin 10-11%, approximately ₹250-260 crore operating profit; Q2 may be weak, with Q3/Q4 recovery. > “We would not like to undertake further expansion of ethanol capacity without any assurance from the government or any offtake agreements, given the uncertainty. We need to take more regulated risks.”
> Aditi Pasari, Joint Managing Director, on the call for April to June 2026

### What management guided

- FY27 ethanol output 21-22 crore litres; 13.5 crore litres contracted through 2031, balance via priority and tenders; utilization planned at 100% or 26 crore litres. - FCI rice availability assured at 40% for next ESY, potentially 50%; formula-based ethanol pricing to offset price revisions. - FY28 revenue ₹2,800-3,000 crore with operating profit and profit margins similar to FY27 guidance. - Specialty/import-substitute project: ₹400-500 crore capital spending under evaluation, possible FY28/FY29 start, at least 24 months to sales after finalization; funding mix debt/internal accruals. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4441-25-Sep-2026.pdf). (From the call for April to June 2026, 25 September 2026.)

## What to watch in Gulshan Polyols' next results? When Gulshan Polyols reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Next results: Q2 earnings weakness from maize costs versus the expected subsequent recovery - check whether input pressure tracks management's sequence. - What to check (from the call)
- Next results: Q2 earnings weakness from maize costs versus the expected subsequent recovery - check whether input pressure tracks management's sequence. - Ethanol allocations and tenders: check awarded litres and utilization against the FY27 operating plan. - Next ESY FCI rice: check actual availability, formula pass-through and depot-distance costs. - Specialty project: check product selection, board approval and a credible commissioning timeline. ## Which stock lists is Gulshan Polyols on? Gulshan Polyols is on one of our India lists: Undervalued stocks. [Undervalued stocks Profit growth x: 5.321428571428571](https://www.sectoralpha.in/markets/in/deep-value-stocks)

## Is Gulshan Polyols profitable? Gulshan Polyols Ltd earned ₹54.0 Cr of net profit in the Jun 2026 quarter, +315.4% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹107 Cr. Over 10 years profit has grown 13.6% a year on average. That is 8.4% of the quarter's revenue. The same quarter a year earlier earned ₹13.0 Cr. For the full year, FY26 profit was ₹107 Cr (+328.0% on the year before). Why profit moved: revenue changed +7.9% on a year earlier and the margin moved +7.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +686.0% and revenue +10.2%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Gulshan Polyols make, and is it growing? Gulshan Polyols Ltd reported ₹640 Cr of revenue in the Jun 2026 quarter, +7.9% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 18.2% a year on average. The last full year, FY26, came in at ₹2,312 Cr. The last four reported quarters add to ₹2,360 Cr. FY26 revenue was ₹2,312 Cr, +14.5% on the year before. Recent pace: the last four quarters grew +10.2% on average, against 18.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.4%, against +23.8% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +432.1%, against +154.5% a year (accelerating). ## How much of every ₹100 of sales does Gulshan Polyols keep? Gulshan Polyols Ltd's operating margin was 13.0% in the Jun 2026 quarter, 7.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 4.2% and 17.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +7.1 percentage points on the year while gross margin changed +9.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is Gulshan Polyols' profit turning into cash? Over the last 3 years, 210% of Gulshan Polyols Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹207 Cr of operating cash against ₹107 Cr of profit. After ₹26.0 Cr of spending on assets, ₹181 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 210% of profit came in as cash: the cash cycle got 32 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 Gulshan Polyols' cash go? Gulshan Polyols Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 48 days in FY26, down from 80 days in FY21. It spent ₹260 Cr on assets over the last 3 years. Customers take 32 days to pay, and stock sits for 53 days on average. At FY26 sales of ₹2,312 Cr, each day of that cycle ties up about ₹6.3 Cr, so roughly ₹304 Cr is tied up in the business at any time. FY26: customers took 32 days to pay and stock sat for 53 days, about 1.7 months of sales sitting as stock, for a full cycle of 48 days, shorter than FY21's 80. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 53 days. Customers pay about 32 days after that. Suppliers are paid at 38 days. Together that makes the 48-day cycle. Spending on assets: ₹260 Cr over the last 3 years, against ₹114 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 ₹7.0 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 Gulshan Polyols' P/E ratio, and how does it compare with its own history? Gulshan Polyols Ltd's P/E is 6.4×, about the lowest it has ever been. Its usual P/E (the middle reading) is 15.8×, 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. Why the multiple is where it is: over the past year earnings per share moved +332.7% while the price moved +0.2%. 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 −8.2% a year; about +10.0% a year came from earnings growth and about −18.2 percentage points from the multiple (the market paying less); over 10 years the price moved +8.8% a year; about +16.8% a year came from earnings growth and about −8.0 percentage points from the multiple (the market paying less). 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 low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Gulshan Polyols business getting better or worse? Gulshan Polyols Ltd's business is getting better. EPS growth hit its low 8 quarters ago at −42.0% and has recovered to +420.9%, with ROCE rising at 11.4%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## How much does Gulshan Polyols earn on its capital? Gulshan Polyols Ltd earned a ROCE of 19% in FY26. That is up from a low of 3% in FY24. 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 4.6% net margin and 1.77× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.6% net margin × 1.77× asset turnover × 1.82× leverage (assets divided by equity) ≈ 14.8% on equity. The margin does its share; borrowing is a big part of it. 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. The 17.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 13.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Gulshan Polyols have too much debt? Gulshan Polyols Ltd has total debt of ₹313 Cr against shareholder equity of ₹719 Cr as of Jun 2026, so its debt is 0.44× its equity. Year by year, that ratio went from 0.22 in FY22 to 0.44 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Gulshan Polyols shareholding pattern? No group of Gulshan Polyols Ltd's owners changed its stake by a full percentage point over the last two years. Foreign institutions moved −0.2 points over the same period, to 0.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.8 points over 8 quarters, to 0.0%; Foreign institutions: −0.2 points over 8 quarters, to 0.3%; Promoters: +0.1 points over 8 quarters, to 66.8%. ## How far is Gulshan Polyols from balance-sheet trouble? For Gulshan Polyols 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 Gulshan Polyols rank in its industry? 64.6 out of 100, rank 3 of 40 in Miscellaneous, with 96% of the evidence available. Gulshan Polyols Ltd scores 64.6 out of 100 against the 40 companies it is compared with in Miscellaneous, ranking 3. Earnings are strong; relative strength in its sector is -10.5% and the one-year return is -5.9%. The four parts add up to the total exactly: 26.2 + 19.4 + 14.6 + 4.4 = 64.6. 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 Gulshan Polyols compared with? Gulshan Polyols ranks 3 of 40 Miscellaneous companies on the 4-Factor Sector Score, with 64.6 out of 100. 1. [Global Education Ltd](https://www.sectoralpha.in/stocks/global-education-ltd) GLOBAL · breaking out · Most evidence points up · 89% evidence 71.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.1/35 · Revenue 28.2% · Profit 3.3% · Operating margin change 0.3 points · 88% evidence Capital efficiency 21.3/25 · ROCE 29.2% · Operating margin 41% · 100% evidence Valuation 14.4/20 · P/E 28.1× · PEG 0.67 · 65% evidence Relative strength 19.9/20 · Lead over its industry 45% · Lead over NIFTY 500 44.6% · 1 year 103.5% · 100% evidence · 9 of 12 weeks ahead Exact sum: 16.1 + 21.3 + 14.4 + 19.9 = 71.7 · What this means: Relative strength against the index is 44.6%, and revenue and profit growth are weak. 2. [Sagility Ltd](https://www.sectoralpha.in/stocks/sagility-ltd) SAGILITY · losing its lead · Most evidence points up · 78% evidence 66.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.6/35 · Revenue 28.5% · Profit 28.4% · Operating margin change 0 points · 100% evidence Capital efficiency 17.4/25 · ROCE 13.4% · Operating margin 25% · 100% evidence Valuation 15.6/20 · P/E 18.6× · PEG 0.37 · 65% evidence Relative strength 9.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -1.3% · 1 year -19.9% · 25% evidence · 9 of 12 weeks ahead Exact sum: 23.6 + 17.4 + 15.6 + 9.6 = 66.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. Gulshan Polyols Ltd this page GULPOLY · quiet · Evidence leans up · 96% evidence 64.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 9.4% · Profit 100% · Operating margin change 7 points · 88% evidence Capital efficiency 19.4/25 · ROCE 18.6% · Operating margin 13% · 100% evidence Valuation 14.6/20 · P/E 6× · PEG 1.48 · 100% evidence Relative strength 4.4/20 · Lead over its industry -10.5% · Lead over NIFTY 500 -10.4% · 1 year -5.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 26.2 + 19.4 + 14.6 + 4.4 = 64.6 · What this means: Earnings are strong; relative strength in its sector is -10.5% and the one-year return is -5.9%. 4. [Shree Vasu Logistics Ltd](https://www.sectoralpha.in/stocks/shree-vasu-logistics-ltd) SVLL · leader · Evidence leans up · 64% evidence 62.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.4/35 · Revenue 47.4% · Profit 100% · Operating margin change 0.8 points · 88% evidence Capital efficiency 18.6/25 · ROCE 20.5% · Operating margin 25.8% · 100% evidence Valuation 8.9/20 · P/E 119× · PEG n/a · 15% evidence Relative strength 11.8/20 · Lead over its industry n/a · Lead over NIFTY 500 14% · 1 year -0.9% · 25% evidence · 12 of 12 weeks ahead Exact sum: 23.4 + 18.6 + 8.9 + 11.8 = 62.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. 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20. [Aqylon Nexus Ltd](https://www.sectoralpha.in/stocks/aqylon-nexus-ltd) AQYLON · basing · Evidence leans down · 71% evidence 43.5 out of 100 Growth Capital Valuation Relative
21. [Inox Green Energy Services Ltd](https://www.sectoralpha.in/stocks/inox-green-energy-services-ltd) INOXGREEN · quiet · Evidence leans down · 71% evidence 41.1 out of 100 Growth Capital Valuation Relative
22. [Delta Corp Ltd](https://www.sectoralpha.in/stocks/delta-corp-ltd) DELTACORP · breaking out · Evidence leans down · 67% evidence 41.1 out of 100 Growth Capital Valuation Relative
23. [GKW Ltd](https://www.sectoralpha.in/stocks/gkw-ltd) GKWLIMITED · turning · Evidence leans down · 61% evidence 38.5 out of 100 Growth Capital Valuation Relative
24. [Kaveri Seed Company Ltd](https://www.sectoralpha.in/stocks/kaveri-seed-company-ltd) KSCL · basing · Evidence leans down · 76% evidence 37.3 out of 100 Growth Capital Valuation Relative
25. [IIRM Holdings India Ltd](https://www.sectoralpha.in/stocks/iirm-holdings-india-ltd) IIRM · quiet · Evidence leans down · 64% evidence 36.8 out of 100 Growth Capital Valuation Relative
26. [Unitech Ltd](https://www.sectoralpha.in/stocks/unitech-ltd) UNITECH · basing · Evidence leans down · 68% evidence 35.6 out of 100 Growth Capital Valuation Relative
27. [Stanley Lifestyles Ltd](https://www.sectoralpha.in/stocks/stanley-lifestyles-ltd) STANLEY · quiet · Most evidence points down · 64% evidence 34.3 out of 100 Growth Capital Valuation Relative
28. [Embassy Developments Ltd](https://www.sectoralpha.in/stocks/embassy-developments-ltd) EMBDL · quiet · Most evidence points down · 61% evidence 27.2 out of 100 Growth Capital Valuation Relative
29. [RattanIndia Enterprises Ltd](https://www.sectoralpha.in/stocks/rattanindia-enterprises-ltd) RTNINDIA · basing · Most evidence points down · 61% evidence 24.8 out of 100 Growth Capital Valuation Relative
30. Exhicon Events Media Solutions Ltd losing its lead · Too little evidence to rank firmly · 42% evidence 58.0 out of 100 Growth Capital Valuation Relative
31. [Central Mine Planning & Design Institute Ltd](https://www.sectoralpha.in/stocks/central-mine-planning-design-institute-ltd) CMPDI · quiet · Too little evidence to rank firmly · 38% evidence 57.3 out of 100 Growth Capital Valuation Relative
32. [Take Ltd](https://www.sectoralpha.in/stocks/take-solutions-ltd) TAKE · Too little evidence to rank firmly · 38% evidence 55.8 out of 100 Growth Capital Valuation Relative
33. [Fabtech Cleanrooms Ltd](https://www.sectoralpha.in/stocks/fabtech-cleanrooms-ltd) breaking out · Too little evidence to rank firmly · 41% evidence 54.8 out of 100 Growth Capital Valuation Relative
34. [Devson Catalyst Ltd](https://www.sectoralpha.in/stocks/devson-catalyst-ltd) Too little evidence to rank firmly · 15% evidence 52.9 out of 100 Growth Capital Valuation Relative
35. [Qualitek Labs Ltd](https://www.sectoralpha.in/stocks/qualitek-labs-ltd) breaking out · Too little evidence to rank firmly · 31% evidence 49.9 out of 100 Growth Capital Valuation Relative
36. [Indiqube Spaces Ltd](https://www.sectoralpha.in/stocks/indiqube-spaces-ltd) INDIQUBE · turning · Too little evidence to rank firmly · 46% evidence 47.7 out of 100 Growth Capital Valuation Relative
37. [Maagh Advertising & Marketing Services Ltd](https://www.sectoralpha.in/stocks/maagh-advertising-marketing-services-ltd) Too little evidence to rank firmly · 21% evidence 47.5 out of 100 Growth Capital Valuation Relative
38. [Lords Mark Industries Limited](https://www.sectoralpha.in/stocks/lords-mark-industries-limited) quiet · Too little evidence to rank firmly · 43% evidence 45.7 out of 100 Growth Capital Valuation Relative
39. [Tandhan Industries Ltd](https://www.sectoralpha.in/stocks/tandhan-industries-ltd) turning · Too little evidence to rank firmly · 37% evidence 42.4 out of 100 Growth Capital Valuation Relative
40. [Shree Rama Newsprint Ltd](https://www.sectoralpha.in/stocks/shree-rama-newsprint-ltd) RAMANEWS · Too little evidence to rank firmly · 48% evidence 32.5 out of 100 Growth Capital Valuation Relative

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: [Miscellaneous](https://www.sectoralpha.in/sectors/miscellaneous), all 40 compared on one page. ## Which companies are close to Gulshan Polyols in size? Gulshan Polyols is the 22nd largest of 40 Miscellaneous companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Unitech, TCC Concept and GKW. Just below it: Shree Vasu Logistics, Exhicon Events Media Solutions and Prozone Realty. ### Miscellaneous companies close in size

1. [Unitech Ltd](https://www.sectoralpha.in/stocks/unitech-ltd) ₹1,028 crore
2. [TCC Concept Ltd](https://www.sectoralpha.in/stocks/tcc-concept-ltd) ₹961 crore
3. [GKW Ltd](https://www.sectoralpha.in/stocks/gkw-ltd) ₹950 crore
4. Gulshan Polyols Ltd ₹887 crore
5. [Shree Vasu Logistics Ltd](https://www.sectoralpha.in/stocks/shree-vasu-logistics-ltd) ₹850 crore
6. [Exhicon Events Media Solutions Ltd](https://www.sectoralpha.in/stocks/exhicon-events-media-solutions-ltd) ₹811 crore
7. [Prozone Realty Ltd](https://www.sectoralpha.in/stocks/prozone-realty-ltd) ₹787 crore

[All 40 Miscellaneous companies, largest first](https://www.sectoralpha.in/sectors/miscellaneous#all-companies)

### Companies close in size in other industries

1. [Regaal Resources Ltd](https://www.sectoralpha.in/stocks/regaal-resources-ltd) ₹889 crore · Starch
2. [Arihant Foundations & Housing Ltd](https://www.sectoralpha.in/stocks/arihant-foundations-housing-ltd) ₹888 crore · Realty - Construction & Contracting
3. Gulshan Polyols Ltd ₹887 crore
4. [Tamil Nadu Newsprint & Papers Ltd](https://www.sectoralpha.in/stocks/tamil-nadu-newsprint-papers-ltd) ₹887 crore · Paper
5. [Mamata Machinery Ltd](https://www.sectoralpha.in/stocks/mamata-machinery-ltd) ₹886 crore · Engineering - General

## What else do people ask about Gulshan Polyols? ### What is Gulshan Polyols's share price today? Gulshan Polyols Ltd's share price is ₹151.77, +0.2% over the past year. The whole company is worth ₹948 Cr on the market. In the last 52 weeks it traded between ₹126 to ₹215; today it is 29% of the way up from the low, 12.8% below its 200-day average (as of 3 November 2026). ### What were Gulshan Polyols's latest quarterly results? Gulshan Polyols Ltd reported revenue of ₹640 Cr and net profit of ₹54.0 Cr for the Jun 2026 quarter. Revenue rose 7.9% and profit rose 315.4% compared with a year earlier. Earnings per share were ₹8.58. The operating margin was 13.0%, 7.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Gulshan Polyols's market cap? Gulshan Polyols Ltd's market capitalisation is ₹948 Cr at a share price of ₹151.77. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### What is Gulshan Polyols's P/E ratio? Gulshan Polyols Ltd's P/E is 6.4×, higher than 2% of its own last 11 years. Its usual level (the middle reading) is 15.8×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 3 November 2026). ### How is Gulshan Polyols valued against its own history? Against its own history, Gulshan Polyols Ltd's valuation is low: its P/E of 6.4× has been lower only 2% of the time in 11 years (usual level 15.8×). This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next (as of 3 November 2026). ### How is Gulshan Polyols performing? Gulshan Polyols Ltd's share price has been falling for 2 weeks. In its latest quarter, revenue rose 7.9% and profit rose 315.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 15 weeks running (as of 3 November 2026). ### Will Gulshan Polyols's share price go up? This page does not forecast Gulshan Polyols Ltd's share price. What it shows instead: the share price is ₹151.77, and it has been falling for 2 weeks. Its P/E of 6.4× is higher than 2% of its own last 11 years (as of 3 November 2026). ### Does Gulshan Polyols have too much debt? Gulshan Polyols Ltd has a moderate amount of debt: its debt is 0.44× its equity, and its operating profit is 6 times its interest bill. FY26 borrowings were ₹318 Cr against equity of ₹718 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Gulshan Polyols in its business cycle? Gulshan Polyols Ltd's FY26 operating margin was 10.0%, against a 13-year range of 4.2% to 17.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 13.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Gulshan Polyols story? The main question: yearly earnings per share moved +332.7% while the share price moved +0.2%. 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 3 November 2026). ### Is Gulshan Polyols a stock worth studying right now? What the numbers show: Gulshan Polyols Ltd's earnings have grown faster than its share price. Earnings per share grew +332.7% in a year while the price moved +0.2%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Gulshan Polyols share price forecast for 2026? What management itself guided: FY27 consolidated operating margin 10-11%, approximately ₹250-260 crore operating profit; Q2 may be weak, with Q3/Q4 recovery. ## Lists

- Undervalued stocks: https://www.sectoralpha.in/markets/in/deep-value-stocks

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