- Valuation
- ₹6,180 Cr

About GHCL Limited
Data last updated:
GHCL Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial chemicals segment of the chemicals and materials sector. It was incorporated on 14 October 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L24100GJ1983PLC006513. Its GSTIN is 24AAACG5609C1Z5 (Gujarat). The company holds 22 GST registrations, of which 14 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500171 and NSE: GHCL.
The company has an authorised share capital of ₹140 Cr and a paid-up capital of ₹91.93 Cr. It was formerly known as Gujarat Heavy Chemicals Limited. It is led by directors including Ravi Shanker Jalan (Managing Director) and Raman Chopra (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ghcl House Opp Punjabi Hallnavrangpura, Ahmedabad, Gujarat, India – 380009.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,064.21 Cr, a decline of 3.7% compared to the previous year. For the same year it recorded a net profit of ₹456.45 Cr (net margin 14.9%) and EBITDA of ₹689.49 Cr (EBITDA margin 22.5%). The net worth stands at ₹3,551.89 Cr (up 1.8% YoY). Total assets are valued at ₹3,642.14 Cr (up 0.8% YoY).
The company has about 1,298 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: GHCL. As per MCA filings, the company has open charges of ₹979.5 Cr and satisfied charges of ₹4,284.76 Cr on record. Court records list 643 cases involving the company, including 372 filed by the company and 273 filed against it; 91 cases are pending. The company has 65 deals on record (63 market trades, 1 buyback, 1 acquisition); the latest was in August 2024. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 5,438 overdue payments to 345 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ghcl.co.in.
Company details
Recognitions & Rankings of GHCL
Contact details
GHCL Limited's registered office is in Ahmedabad, Gujarat. Its website is ghcl.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGhcl House Opp Punjabi Hallnavrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryChemicals and Materials, Industrial Chemicals
To see the full contact details of GHCL Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
GHCL operates one associated brand: GHCL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of soda ash | ghcl.co.in |
Business activity
The main business activity of GHCL is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products and textile, leather and other apparel products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | |
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of GHCL Limited, buy the company report.
Financials of GHCL Limited
FY 2025-26 filings availableGHCL Limited reported revenue of ₹3,064.21 Cr (down 3.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,064 | 3,183 | 3,447 | 4,551 | 3,052 | 2,491 | 3,305 |
| Revenue growth | -3.8% | -7.6% | -24.3% | +49.1% | +22.5% | -24.6% | - |
| EBITDA | 689 | 877 | 849 | 1,487 | 726 | 596 | 728 |
| EBITDA margin | +22.5% | +27.6% | +24.6% | +32.7% | +23.8% | +23.9% | +22.0% |
| Profit before tax | 642 | 836 | 991 | 1,489 | 802 | 437 | 495 |
| Net profit | 456 | 601 | 599 | 1,087 | 652 | 332 | 397 |
| Net profit margin | +14.9% | +18.9% | +17.4% | +23.9% | +21.4% | +13.3% | +12.0% |
| EPS (₹) | 51.39 | 65.19 | 82.94 | 119.42 | 68.18 | 34.32 | 41.75 |
| Balance sheet | |||||||
| Total assets | 3,642 | 3,613 | 3,194 | 4,581 | 3,742 | 3,270 | 3,410 |
| Net worth | 3,552 | 3,489 | 2,978 | 3,956 | 2,947 | 2,484 | 2,149 |
| Total debt | 83.30 | 119 | 210 | 361 | 788 | 782 | 1,254 |
| Cash & bank | 89.92 | 446 | 492 | 140 | 255 | 48.63 | 107 |
| Net working capital | 485 | 990 | 1,043 | 866 | 1,326 | 673 | 777 |
| Cash flow | |||||||
| Cash from operations | 687 | 638 | 797 | 856 | 643 | 621 | 624 |
| Cash from investing | (291) | (358) | (534) | (409) | (337) | (109) | (206) |
| Cash from financing | (451) | (230) | (338) | (530) | (98.07) | (569) | (339) |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 791 | 757 | 721 | 796 | 781 | 779 | 793 | 830 |
| Revenue growth (YoY) | +1.2% | -2.9% | -9.0% | -4.2% | -5.1% | - | - | - |
| Other income | 13.60 | 16.13 | 17.03 | 26.67 | 23.34 | 28.69 | 17.44 | 18.27 |
| EBITDA | 176 | 159 | 157 | 197 | 218 | 230 | 211 | 217 |
| EBITDA margin | +22.2% | +21.0% | +21.8% | +24.8% | +27.9% | +29.5% | +26.6% | +26.1% |
| Depreciation | 27.49 | 28.78 | 27.63 | 26.91 | 28.27 | 27.95 | 27.85 | 27.47 |
| Interest | 1.87 | 2.64 | 2.11 | 2.39 | 4.08 | 3.50 | 4.24 | 4.30 |
| Profit before tax | 160 | 143 | 145 | 195 | 209 | 227 | 196 | 203 |
| Tax | 44.22 | 37.37 | 37.83 | 50.45 | 58.90 | 58.85 | 41.50 | 52.67 |
| Net profit | 116 | 106 | 107 | 144 | 150 | 168 | 155 | 151 |
| EPS (₹) | 12.27 | 11.26 | 11.15 | 15.07 | 15.70 | 17.64 | 16.22 | 15.78 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,064 | 3,183 | 3,447 | 4,551 | 3,778 | 2,823 | 3,256 |
| Revenue growth | -3.8% | -7.6% | -24.3% | +20.5% | +33.8% | -13.3% | - |
| EBITDA | 690 | 877 | 849 | 1,487 | 957 | 619 | 737 |
| EBITDA margin | +22.5% | +27.6% | +24.6% | +32.7% | +25.3% | +21.9% | +22.6% |
| Profit before tax | 649 | 838 | 991 | 1,467 | 846 | 422 | 504 |
| Net profit | 463 | 596 | 598 | 1,078 | 653 | 315 | 407 |
| Net profit margin | +15.1% | +18.7% | +17.4% | +23.7% | +17.3% | +11.2% | +12.5% |
| EPS (₹) | 52.08 | 65.40 | 82.90 | 116.82 | 66.49 | 32.63 | 42.78 |
| Balance sheet | |||||||
| Total assets | 3,642 | 3,607 | 3,186 | 4,560 | 3,879 | 3,288 | 3,446 |
| Net worth | 3,552 | 3,483 | 2,970 | 3,934 | 3,090 | 2,502 | 2,186 |
| Total debt | 83.30 | 119 | 210 | 361 | 782 | 782 | 1,254 |
| Cash & bank | 89.92 | 446 | 491 | 140 | 242 | 46.31 | 105 |
| Net working capital | 485 | 984 | 1,034 | 853 | 762 | 658 | 766 |
| Cash flow | |||||||
| Cash from operations | 681 | 638 | 797 | 899 | 639 | 620 | 628 |
| Cash from investing | (284) | (358) | (534) | (440) | (344) | (109) | (215) |
| Cash from financing | (451) | (230) | (338) | (529) | (97.12) | (568) | (328) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 774 | 791 | 757 | 721 | 796 | 781 | 779 | 793 |
| Revenue growth (YoY) | -2.7% | +1.2% | -2.9% | -9.0% | -4.2% | - | - | - |
| Other income | 77.37 | 17.93 | 16.79 | 17.68 | 27.32 | 25.65 | 28.58 | 17.33 |
| Total expenses | 565 | 615 | 598 | 564 | 599 | 563 | 549 | 582 |
| EBITDA | 209 | 176 | 159 | 157 | 197 | 218 | 230 | 211 |
| EBITDA margin | +27.0% | +22.2% | +21.0% | +21.8% | +24.8% | +27.9% | +29.5% | +26.6% |
| Depreciation | 27.15 | 27.49 | 28.78 | 27.63 | 26.91 | 28.27 | 27.95 | 27.85 |
| Interest | 1.55 | 1.87 | 2.64 | 2.11 | 2.39 | 4.08 | 3.50 | 4.24 |
| Profit before tax | 258 | 164 | 144 | 145 | 195 | 212 | 227 | 196 |
| Tax | 66.35 | 44.22 | 37.37 | 37.83 | 50.45 | 58.90 | 58.85 | 41.50 |
Financial Statements
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 791 | 757 | 721 | 796 | 781 | 779 | 793 | 830 |
| Revenue growth (YoY) | +1.2% | -2.9% | -9.0% | -4.2% | -5.1% | - | - | - |
| Other income | 13.60 | 16.13 | 17.03 | 26.67 | 23.34 | 28.69 | 17.44 | 18.27 |
| EBITDA | 176 | 159 | 157 | 197 | 218 | 230 | 211 | 217 |
| EBITDA margin | +22.2% | +21.0% | +21.8% | +24.8% | +27.9% | +29.5% | +26.6% | +26.1% |
| Depreciation | 27.49 | 28.78 | 27.63 | 26.91 | 28.27 | 27.95 | 27.85 | 27.47 |
| Interest | 1.87 | 2.64 | 2.11 | 2.39 | 4.08 | 3.50 | 4.24 | 4.30 |
| Profit before tax | 160 | 143 | 145 | 195 | 209 | 227 | 196 | 203 |
| Tax | 44.22 | 37.37 | 37.83 | 50.45 | 58.90 | 58.85 | 41.50 | 52.67 |
| Net profit | 116 | 106 | 107 | 144 | 150 | 168 | 155 | 151 |
| EPS (₹) | 12.27 | 11.26 | 11.15 | 15.07 | 15.70 | 17.64 | 16.22 | 15.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,064 | 3,183 | 3,447 | 4,551 | 3,052 | 2,491 | 3,305 |
| Revenue growth | -3.8% | -7.6% | -24.3% | +49.1% | +22.5% | -24.6% | - |
| Other income | 73.43 | 87.74 | 272 | 135 | 214 | 26.74 | 17.60 |
| Total expenses | 2,375 | 2,306 | 2,598 | 3,064 | 2,326 | 1,895 | 2,577 |
| Employee cost | 119 | 114 | 112 | 134 | 108 | 129 | 190 |
| EBITDA | 689 | 877 | 849 | 1,487 | 726 | 596 | 728 |
| EBITDA margin | +22.5% | +27.6% | +24.6% | +32.7% | +23.8% | +23.9% | +22.0% |
| Depreciation | 111 | 112 | 102 | 94.22 | 86.92 | 111 | 131 |
| Interest | 9.78 | 17.48 | 26.63 | 38.67 | 51.34 | 74.32 | 120 |
| Profit before tax | 642 | 836 | 991 | 1,489 | 802 | 437 | 495 |
| Tax | 170 | 212 | 198 | 347 | 152 | 111 | 97.98 |
| Net profit | 456 | 601 | 599 | 1,087 | 652 | 332 | 397 |
| Net profit margin | +14.9% | +18.9% | +17.4% | +23.9% | +21.4% | +13.3% | +12.0% |
| EPS (₹) | 51.39 | 65.19 | 82.94 | 119.42 | 68.18 | 34.32 | 41.75 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 91.93 | 95.75 | 95.72 | 95.59 | 95.35 | 95.01 | 95.01 |
| Reserves & surplus | 3,465 | 3,398 | 2,888 | 3,866 | 2,852 | 2,389 | 2,054 |
| Shareholders' funds (net worth) | 3,552 | 3,489 | 2,978 | 3,956 | 2,947 | 2,484 | 2,149 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 62.13 | 97.51 | 197 | 348 | 767 | 768 | 1,081 |
| Unsecured loans | 21.17 | 21.39 | 13.37 | 13.84 | 20.11 | 14.01 | 174 |
| Total debt | 83.30 | 119 | 210 | 361 | 788 | 782 | 1,254 |
| Total liabilities | 3,642 | 3,613 | 3,194 | 4,581 | 3,742 | 3,270 | 3,410 |
| Assets | |||||||
| Gross block | 2,668 | 2,589 | 2,493 | 2,294 | 3,040 | 3,232 | 3,094 |
| Net block | 1,821 | 1,844 | 1,842 | 1,731 | 2,474 | 2,675 | 2,664 |
| Capital work in progress | 450 | 256 | 54.82 | 109 | 213 | 80.54 | 122 |
| Investments | 1,042 | 651 | 420 | 380 | 16.55 | 15.15 | 9.26 |
| Inventories | 597 | 626 | 651 | 772 | 944 | 764 | 791 |
| Sundry debtors | 173 | 210 | 180 | 218 | 229 | 228 | 274 |
| Cash & bank balances | 89.92 | 446 | 492 | 140 | 255 | 48.63 | 107 |
| Loans & advances | 33.13 | 38.09 | 50.51 | 44.09 | 742 | 80.19 | 111 |
| Total current assets | 893 | 1,319 | 1,373 | 1,175 | 2,171 | 1,121 | 1,283 |
| Total current liabilities | 408 | 330 | 330 | 308 | 845 | 448 | 506 |
| Net working capital | 485 | 990 | 1,043 | 866 | 1,326 | 673 | 777 |
| Total assets | 3,642 | 3,613 | 3,194 | 4,581 | 3,742 | 3,270 | 3,410 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 98.63 | 48.73 | 123 | 244 | 34.97 | 91.74 | 12.18 |
| Net cash from operating activities | 687 | 638 | 797 | 856 | 643 | 621 | 624 |
| Net cash from investing activities | (291) | (358) | (534) | (409) | (337) | (109) | (206) |
| Net cash from financing activities | (451) | (230) | (338) | (530) | (98.07) | (569) | (339) |
| Net change in cash | (54.51) | 49.90 | (74.67) | (82.54) | 209 | (56.77) | 79.56 |
| Closing cash | 89.92 | 446 | 492 | 140 | 255 | 48.63 | 107 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -3.8% | -7.6% | -24.3% | +49.1% | +22.5% | -24.6% | - |
| EBITDA growth | -21.4% | +3.4% | -42.9% | +104.7% | +21.8% | -18.1% | - |
| PBT growth | -23.2% | -15.7% | -33.4% | +85.6% | +83.4% | -11.6% | -6.8% |
| Net income growth | -24.0% | +0.3% | -44.9% | +66.6% | +96.7% | -16.5% | - |
| Revenue CAGR (3Y) | -12.4% | +1.4% | +11.4% | +11.3% | -3.0% | -5.2% | +5.9% |
| EBITDA CAGR (3Y) | -22.6% | +6.5% | +12.5% | +26.9% | -1.5% | -0.5% | +2.4% |
| Profitability & leverage | |||||||
| Net income margin | +15.4% | +19.6% | +23.0% | +25.1% | +21.3% | +13.1% | +12.0% |
| Return on capital employed | +18.0% | +25.1% | +19.9% | +36.7% | +18.6% | +15.3% | +18.5% |
| Return on net worth | +13.4% | +19.3% | +17.3% | +33.1% | +24.0% | +14.1% | +19.5% |
| Debt / equity | 0.03 | 0.05 | 0.08 | 0.17 | 0.29 | 0.44 | 0.63 |
| Long-term debt / equity | 0.02 | 0.03 | 0.05 | 0.10 | 0.19 | 0.30 | 0.37 |
| Interest cover | 1.69 | 2.28 | 3.57 | 2.78 | 8.03 | 15.32 | 20.07 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.17 | 1.25 | 1.44 | 1.71 | 0.97 | 0.79 | 1.10 |
| Inventory turnover | 5.01 | 4.99 | 4.84 | 5.30 | 3.57 | 3.21 | 4.24 |
| Debtors turnover | 16.01 | 16.34 | 17.31 | 20.32 | 13.33 | 9.91 | 11.70 |
| EPS (₹) | 51.39 | 65.19 | 82.94 | 119.42 | 68.18 | 34.32 | 41.75 |
| Dividend per share (₹) | 12.00 | 12.00 | 12.00 | 17.50 | 15.00 | 5.50 | 3.00 |
| Book value per share (₹) | 386.95 | 364.93 | 311.73 | 414.39 | 309.10 | 261.47 | 226.18 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 774 | 791 | 757 | 721 | 796 | 781 | 779 | 793 |
| Revenue growth (YoY) | -2.7% | +1.2% | -2.9% | -9.0% | -4.2% | - | - | - |
| Other income | 77.37 | 17.93 | 16.79 | 17.68 | 27.32 | 25.65 | 28.58 | 17.33 |
| Total expenses | 565 | 615 | 598 | 564 | 599 | 563 | 549 | 582 |
| EBITDA | 209 | 176 | 159 | 157 | 197 | 218 | 230 | 211 |
| EBITDA margin | +27.0% | +22.2% | +21.0% | +21.8% | +24.8% | +27.9% | +29.5% | +26.6% |
| Depreciation | 27.15 | 27.49 | 28.78 | 27.63 | 26.91 | 28.27 | 27.95 | 27.85 |
| Interest | 1.55 | 1.87 | 2.64 | 2.11 | 2.39 | 4.08 | 3.50 | 4.24 |
| Profit before tax | 258 | 164 | 144 | 145 | 195 | 212 | 227 | 196 |
| Tax | 66.35 | 44.22 | 37.37 | 37.83 | 50.45 | 58.90 | 58.85 | 41.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,064 | 3,183 | 3,447 | 4,551 | 3,778 | 2,823 | 3,256 |
| Revenue growth | -3.8% | -7.6% | -24.3% | +20.5% | +33.8% | -13.3% | - |
| Other income | 79.72 | 89.73 | 271 | 113 | 70.28 | 26.62 | 16.43 |
| Total expenses | 2,375 | 2,306 | 2,598 | 3,064 | 2,822 | 2,204 | 2,519 |
| Employee cost | 119 | 114 | 112 | 134 | 153 | 172 | 188 |
| EBITDA | 690 | 877 | 849 | 1,487 | 957 | 619 | 737 |
| EBITDA margin | +22.5% | +27.6% | +24.6% | +32.7% | +25.3% | +21.9% | +22.6% |
| Depreciation | 111 | 112 | 102 | 94.22 | 117 | 133 | 131 |
| Interest | 9.78 | 17.48 | 26.63 | 38.67 | 63.57 | 90.21 | 118 |
| Profit before tax | 649 | 838 | 991 | 1,467 | 846 | 422 | 504 |
| Tax | 170 | 212 | 198 | 350 | 212 | 112 | 97.97 |
| Net profit | 463 | 596 | 598 | 1,078 | 653 | 315 | 407 |
| Net profit margin | +15.1% | +18.7% | +17.4% | +23.7% | +17.3% | +11.2% | +12.5% |
| EPS (₹) | 52.08 | 65.40 | 82.90 | 116.82 | 66.49 | 32.63 | 42.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 91.93 | 95.75 | 95.72 | 95.59 | 95.35 | 95.01 | 95.01 |
| Reserves & surplus | 3,465 | 3,392 | 2,880 | 3,844 | 2,995 | 2,407 | 2,091 |
| Shareholders' funds (net worth) | 3,552 | 3,483 | 2,970 | 3,934 | 3,090 | 2,502 | 2,186 |
| Secured loans | 62.13 | 97.51 | 197 | 348 | 767 | 768 | 1,078 |
| Unsecured loans | 21.17 | 21.39 | 13.37 | 13.84 | 14.10 | 14.01 | 177 |
| Total debt | 83.30 | 119 | 210 | 361 | 782 | 782 | 1,254 |
| Total liabilities | 3,642 | 3,607 | 3,186 | 4,560 | 3,879 | 3,288 | 3,446 |
| Assets | |||||||
| Gross block | 2,668 | 2,589 | 2,493 | 2,294 | 3,031 | 3,229 | 3,083 |
| Net block | 1,821 | 1,844 | 1,842 | 1,731 | 2,469 | 2,675 | 2,655 |
| Capital work in progress | 450 | 256 | 54.82 | 109 | 213 | 80.54 | 122 |
| Investments | 1,042 | 651 | 420 | 380 | 16.56 | 40.13 | 34.23 |
| Inventories | 597 | 626 | 651 | 772 | 942 | 740 | 724 |
| Sundry debtors | 173 | 210 | 180 | 218 | 274 | 251 | 358 |
| Cash & bank balances | 89.92 | 446 | 491 | 140 | 242 | 46.31 | 105 |
| Loans & advances | 33.13 | 32.32 | 42.17 | 43.80 | 147 | 64.53 | 80.89 |
| Total current assets | 893 | 1,313 | 1,364 | 1,174 | 1,605 | 1,102 | 1,268 |
| Total current liabilities | 408 | 330 | 330 | 322 | 842 | 444 | 502 |
| Net working capital | 485 | 984 | 1,034 | 853 | 762 | 658 | 766 |
| Total assets | 3,642 | 3,607 | 3,186 | 4,560 | 3,879 | 3,288 | 3,446 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 98.34 | 48.62 | 123 | 230 | 32.65 | 89.60 | 4.44 |
| Net cash from operating activities | 681 | 638 | 797 | 899 | 639 | 620 | 628 |
| Net cash from investing activities | (284) | (358) | (534) | (440) | (344) | (109) | (215) |
| Net cash from financing activities | (451) | (230) | (338) | (529) | (97.12) | (568) | (328) |
| Net change in cash | (54.22) | 49.72 | (74.76) | (69.66) | 198 | (56.95) | 85.16 |
| Closing cash | 89.92 | 446 | 491 | 140 | 242 | 46.31 | 105 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -3.8% | -7.6% | -24.3% | +20.5% | +33.8% | -13.3% | - |
| EBITDA growth | -21.4% | +3.4% | -42.9% | +55.5% | +54.5% | -16.0% | - |
| PBT growth | -22.6% | -15.4% | -32.4% | +73.3% | +100.4% | -16.3% | -6.8% |
| Net income growth | -22.4% | -0.4% | -44.5% | +65.0% | +107.2% | -22.5% | - |
| Revenue CAGR (3Y) | -12.4% | -5.6% | +6.9% | +11.8% | +3.9% | -0.7% | +5.7% |
| EBITDA CAGR (3Y) | -22.6% | -2.8% | +11.1% | +26.4% | +7.5% | +0.3% | +2.5% |
| Profitability & leverage | |||||||
| Net income margin | +15.6% | +19.7% | +23.0% | +24.5% | +16.8% | +11.0% | +12.5% |
| Return on capital employed | +18.2% | +25.2% | +20.0% | +35.7% | +25.4% | +15.2% | +18.6% |
| Return on net worth | +13.6% | +19.4% | +17.3% | +31.8% | +22.7% | +13.2% | +19.7% |
| Debt / equity | 0.03 | 0.05 | 0.08 | 0.16 | 0.28 | 0.43 | 0.62 |
| Long-term debt / equity | 0.02 | 0.03 | 0.06 | 0.10 | 0.18 | 0.30 | 0.37 |
| Interest cover | 1.69 | 2.28 | 3.57 | 2.78 | 7.57 | 18.56 | 19.49 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.17 | 1.25 | 1.44 | 1.71 | 1.21 | 0.89 | 1.09 |
| Inventory turnover | 5.01 | 4.99 | 4.84 | 5.31 | 4.49 | 3.85 | 4.68 |
| Debtors turnover | 16.01 | 16.34 | 17.31 | 18.50 | 14.41 | 9.28 | 8.83 |
| EPS (₹) | 52.08 | 65.40 | 82.90 | 116.82 | 66.49 | 32.63 | 42.78 |
| Dividend per share (₹) | 12.00 | 12.00 | 12.00 | 17.50 | 15.00 | 5.50 | 3.00 |
| Book value per share (₹) | 386.95 | 364.30 | 310.84 | 412.10 | 324.10 | 263.32 | 230.03 |
To see the full year-wise statements and ratios of GHCL Limited, buy the company report.
Board of directors of GHCL Limited
GHCL has 8 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Shanker Jalan Also directs: GHCL Textiles Limited, Sumedha Worldwide LLP, India Hostels Private Limited and 1 more | Managing Director | 24 Sep 2002 | 24 Years 1 Months | Current |
| Vijay Laxmi Joshi Also directs: Adani Enterprises Limited, HDFC Securities Limited | Director | 20 Apr 2017 | 9 Years 6 Months | Current |
| Arun Kumar Jain | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Manoj Vaish Also directs: Mirae Asset Trustee Company Private Limited, Arvia Capital Advisors Private Limited, Arvia Wealth Private Limited and 1 more | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Ravindra Singh Also directs: Inductus Limited | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Anurag Dalmia Also directs: GHCL Textiles Limited, PHD Chamber of Commerce and Industry | Director | 19 Apr 1986 | 40 Years 6 Months | Current |
Auditor
GHCL Limited is audited by S. R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 19.80%, foreign institutional investors hold 22.40%, domestic institutional investors hold 11.20% and retail and other public shareholders hold 46.60%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 19.80% | 19.90% | 19.80% | 19.00% |
| Public | 80.20% | 80.10% | 80.20% | 81.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2023 | 100782080 | Idbi Bank Limited | ₹4.5 Cr | Open | |
| 12 Mar 2021 | 100425185 | Sbicap Trustee Company Limited | ₹750 Cr | Open | |
| 16 Mar 2018 | 100163683 | Others | ₹225 Cr | Open | |
| 24 Mar 2022 | 100549326 | Idbi Bank Limited | ₹7.1 Cr | Satisfied | |
| 03 Dec 2021 | 100505799 | Others | ₹100 Cr | Satisfied |
To see the full charge records of GHCL Limited, buy the company report.
Total charge records: 117 View all charges
Deals & funding
GHCL Limited has 65 deals on record (63 market trades, 1 buyback, 1 acquisition); the latest was in August 2024.
Deals on record (5 of 65)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹43.55 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Sep 2023 | Market trade | ₹49.37 Cr | Seller: Dharampal Satyapal Limited |
| Dec 2021 | Acquisition | ₹539 Cr | Buyer: Indo Count Industries Limited Seller: GHCL Limited |
| Mar 2020 | Market trade | ₹4 Cr | Seller: J.P.Financial Services Pvt Ltd |
| Mar 2020 | Market trade | ₹7.63 Cr | Seller: HDFC Bank Limited |
To see the full deal history of GHCL Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GHCL Limited has 643 court cases on record: 372 filed by GHCL, 273 filed against it. 91 cases are pending and 552 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 421 | 183 | 59 |
| District courts | 189 | 77 | 25 |
| Supreme Court | 25 | 8 | 2 |
| NCLT | 4 | 1 | 2 |
| NCLAT | 4 | 4 | 3 |
Cases on record (5 of 643)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by HT Media Limited | Pending |
| District court, Valsad, Gujarat | Commercial matter | Filed against the company by Kunal Infrastructure, A Proprietory Concern of Shri Kunal Madhubhai Patel | Pending |
| District court, Thiruvananthapuram, Kerala | Criminal complaint | Filed against the company | Pending |
| District court, Vadodara, Gujarat | Court case (RCA) | Filed against the company | Pending |
| District court, Tiruchirappalli, Tamil Nadu | Civil suit | Filed against the company | Pending |
To see the full case history of GHCL Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
GHCL Limited was last rated by Care on 06 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jul 2022 |
To see the full credit ratings and regulatory alerts of GHCL Limited, buy the company report.
MSME payment delays
GHCL Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 5,438 overdue payments to 345 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 345)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Krishna Industrial Services Super Private Limited | |||
| Neelam Trade Links Pvt Ltd | |||
| Dhiraj Stationery Mart | |||
| an individual supplier | |||
| Desmin Agencies |
To see the full MSME payment records of GHCL Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
GHCL has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| GHCL Textiles Limited | U18101GJ2020PLC114004 |
To see the full group structure of GHCL Limited, buy the company report.
Employees & EPFO
GHCL Limited has a workforce of 1,298 employees on its EPFO records as of Apr 05, 2024, across 6 active EPFO establishments.
GST
GHCL has 22 GST registrations: 14 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACG5609C1Z5 | Gujarat | Active | 01 Jul 2017 |
| 24AAACG5609C3Z3 | Gujarat | Active | 01 Jul 2017 |
| 09AAACG5609C2ZW | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACG5609C1ZW | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GHCL Limited, buy the company report.
Recent activity
GHCL Limited has 55 board changes on record since 1983: 32 appointments and 23 cessations. The latest: Lavanya Rastogi ceased to be Director on 01 Apr 2024.
315 earlier events are in the company report.
News
Frequently asked questions
GHCL is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial chemicals, within the chemicals and materials industry. It was incorporated on 14 October 1983 (43+ years old) and is registered under CIN L24100GJ1983PLC006513. Listed on BSE: 500171 and NSE: GHCL.
GHCL reported revenue of ₹3,064.21 Cr for FY 2025-26 (down 3.7% YoY) based on consolidated financials.
GHCL has 8 current directors:
- Ravi Shanker Jalan - Managing Director
- Raman Chopra - Whole-Time Director
- Neelabh Dalmia - Whole-Time Director
- Vijay Laxmi Joshi - Director
- Arun Kumar Jain - Director
- Manoj Vaish - Director
- Ravindra Singh - Director
- Anurag Dalmia - Director
The latest financial statements of GHCL on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of GHCL is 24AAACG5609C1Z5, registered in Gujarat. The company has 22 GST registrations in all, of which 14 are active and 8 are cancelled or inactive. Other active GSTINs include 24AAACG5609C3Z3 (Gujarat), 09AAACG5609C2ZW (Uttar Pradesh), 19AAACG5609C1ZW (West Bengal).
The CIN (Corporate Identification Number) of GHCL is L24100GJ1983PLC006513. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. GHCL is a listed company as per MCA records. Its shares are listed on both BSE (code: 500171) and NSE (symbol: GHCL).
GHCL has 643 court cases on record: 372 filed by the company and 273 filed against it. 91 are pending. Most are in the high courts.
GHCL was incorporated on 14 October 1983, making it 43+ years old. It is registered with the Registrar of Companies, Ahmedabad.
GHCL has 65 deals on record (63 market trades, 1 buyback, 1 acquisition); the latest was in August 2024.
Lavanya Rastogi ceased to be Director on 01 Apr 2024. Sanjay Dalmia ceased to be Director on 01 Jul 2023. Kamalkishore Chandravadan Jani ceased to be Director on 18 Sep 2019. GHCL has 55 board changes on record in total.