Recent Price Movement and Market Context
On 9 December 2025, Gulshan Polyols' stock price touched an intraday low of Rs.129.7, representing a decline of 3.43% on the day. This movement places the stock below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained downward trend in the short to long term. The stock's performance today lagged its sector by 2.14%, indicating relative weakness within the Other Agricultural Products industry.
The broader market environment has also been subdued, with the Sensex opening 359.82 points lower and trading at 84,546.89, down 0.65%. Despite this, the Sensex remains close to its 52-week high of 86,159.02, trading just 1.91% below that peak and maintaining a bullish stance above its 50-day and 200-day moving averages.
Performance Over the Past Year
Gulshan Polyols has experienced a notable divergence from the benchmark indices over the last twelve months. The stock has recorded a return of -29.89%, contrasting with the Sensex's positive return of 3.74% during the same period. This underperformance extends beyond the last year, with the stock consistently lagging behind the BSE500 index across the past three annual periods.
The 52-week high for Gulshan Polyols was Rs.224, highlighting the extent of the recent price contraction. The current price level at Rs.129.7 represents a decline of approximately 42% from that peak, underscoring the challenges faced by the company in maintaining investor confidence and market valuation.
Our latest weekly pick is out! This Large Cap from Steel/Sponge Iron/Pig Iron delivered with target price and complete analysis. See what makes this week's selection special!
- - Latest weekly selection
- - Target price delivered
- - Large Cap special pick
See This Week's Special Pick →
Financial Metrics and Growth Indicators
Despite the recent price weakness, Gulshan Polyols has demonstrated robust growth in key financial metrics over recent periods. Net sales for the nine months ending September 2025 stood at Rs.1,649.83 crores, reflecting a growth rate of 26.85% compared to previous periods. Operating profit has shown an annual growth rate of 46.00%, while net profit has expanded by 19.86% in the latest reported quarter.
Profit after tax (PAT) for the nine-month period reached Rs.35.90 crores, representing a growth of 105.26%, and profit before tax excluding other income (PBT less OI) for the quarter was Rs.22.27 crores, growing at 142.5% relative to the previous four-quarter average. These figures indicate that the company has maintained positive earnings momentum despite the stock's price decline.
Return on capital employed (ROCE) stands at 8.5%, and the enterprise value to capital employed ratio is 1.2, suggesting an attractive valuation relative to the company's capital base. The stock is trading at a discount compared to its peers' average historical valuations, with a price-to-earnings-to-growth (PEG) ratio of 0.2, reflecting the relationship between earnings growth and market valuation.
Debt and Profitability Considerations
One area of concern is the company's leverage position. Gulshan Polyols has a debt to EBITDA ratio of 4.65 times, indicating a relatively high level of debt compared to earnings before interest, tax, depreciation, and amortisation. This ratio suggests a lower capacity to service debt obligations comfortably.
Additionally, the average return on equity (ROE) is 5.17%, which points to modest profitability generated per unit of shareholders' funds. This level of ROE may be considered low relative to industry standards, potentially impacting investor perception of the company's efficiency in utilising equity capital.
Shareholding and Market Participation
Domestic mutual funds currently hold no stake in Gulshan Polyols. Given their capacity for detailed research and on-the-ground analysis, this absence may reflect a cautious stance towards the stock's valuation or business fundamentals at prevailing price levels.
The company's size and sector presence contrast with the limited institutional participation, which may influence liquidity and price discovery in the stock.
Holding Gulshan Polyols from Other Agricultural Products? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Summary of Market Position
Gulshan Polyols operates within the Other Agricultural Products sector, which has experienced mixed performance amid broader economic conditions. While the Sensex maintains a position near its 52-week high and trades above key moving averages, Gulshan Polyols' stock price has moved contrary to this trend, reflecting sector-specific and company-level factors.
The stock's current valuation and financial metrics present a complex picture: strong sales and profit growth coexist with elevated leverage and modest returns on equity. The absence of domestic mutual fund holdings further highlights the cautious market stance towards the stock.
Investors and market participants observing Gulshan Polyols will note the stock's recent 52-week low of Rs.129.7 as a significant technical milestone, underscoring the challenges faced in price recovery despite positive earnings trends.
Limited Time Only! Upgrade now and get 1 Year of Stock of the week worth Rs. 14,999 for FREE. Don't miss out on this exclusive offer. Claim Your Free Year →
