Gulshan Polyols Reports Strong Financial Performance Amidst Rising Interest Expenses

Gulshan Polyols, a microcap player in the Other Agricultural Products sector, has recently undergone a financial trend adjustment reflecting its robust performance in the quarter ending September 2025. The company reported net sales of Rs 1,134.95 crore, showcasing a growth rate of 26.81% over the last six months. Key performance indicators reveal that the return on capital employed (ROCE) reached a notable 8.68%, while the operating profit to interest ratio stood at 5.14 times, indicating strong operational efficiency.
Additionally, the company achieved its highest quarterly figures in several metrics, including PBDIT at Rs 41.86 crore and profit before tax (PBT) less other income at Rs 22.27 crore. The earnings per share (EPS) also peaked at Rs 2.52, reflecting solid profitability.

However, challenges remain, particularly with interest expenses growing to Rs 25.03 crore and cash and cash equivalents at a low of Rs 3.10 crore. The dividend per share (DPS) is also at its lowest, recorded at Rs 0.30.

In terms of market performance, Gulshan Polyols has faced a decline in stock returns over various periods compared to the Sensex, particularly in the year-to-date and one-year metrics. Despite these challenges, the company's recent financial achievements highlight its operational strengths in a competitive landscape.