Gulshan Polyols Limited

BSE: 532457 NSE: GULPOLY
Gulshan Polyols Limited - chemicals and materials in Muzaffarnagar, Uttar Pradesh, India. FY 2026 financials & compliance.
CIN U24121UP2000PLC025708 Incorporated 20 October 2000 ROC Kanpur HQ Muzaffarnagar, Uttar Pradesh, India
Inactive For E-Filing Listed - NSE: GULPOLY · BSE: 532457 Public Limited Company chemicals and materials
Data last updated
Market Cap
₹927 Cr
GULPOLY · NSE
Share Price
₹142.19
-4.35% today
Revenue
₹2,020 Cr
FY 2024-25 · +46.5% YoY
EBITDA
₹95.35 Cr
Margin 4.7%
Net Profit
₹23.49 Cr
FY 2024-25 · +127.8% YoY
P/E (TTM)
22.0x
P/B 1.5x
ROE
4.1%
ROCE 6.4%
Debt / Equity
0.62
Interest cover 49.0x

About Gulshan Polyols Limited

Data last updated:

Gulshan Polyols Limited is a public limited company based in Muzaffarnagar, Uttar Pradesh, India. The company is marked as inactive by the Registrar of Companies, indicating it has not filed statutory returns and may face regulatory action. It operates in the organic chemicals and compounds segment of the chemicals and materials sector. It was incorporated on 20 October 2000.

The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U24121UP2000PLC025708. It is a listed company as per MCA records. Its shares are listed on BSE: 532457 and NSE: GULPOLY.

The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹31.06 Lakh.

Its latest financial statements are for the year ended 31 March 2026. The registered office is at 9th Km. Jansath Road Muzaffarnagar, Uttar Pradesh, India.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹2,312.42 Cr, a growth of 14.5% compared to the previous year. For the same year it recorded a net profit of ₹110.25 Cr (net margin 4.8%) and EBITDA of ₹229.46 Cr (EBITDA margin 9.9%). The net worth stands at ₹718.58 Cr (up 17.2% YoY). Total assets are valued at ₹1,038.45 Cr (up 2.7% YoY).

The company has about 40 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Gulshan Polyols. Court records list 34 cases involving the company, including 19 filed by the company and 15 filed against it; 10 cases are pending.

Company details

CIN U24121UP2000PLC025708
Registration Number 025708
Incorporation Date 20 October 2000
ROC Kanpur
Listing Status Listed - Listed on NSE (GULPOLY); Listed on BSE (532457)
Company Status Inactive For E-Filing
Date of Balance Sheet 31 March 2026

Contact details

Gulshan Polyols Limited's registered office is in Muzaffarnagar, Uttar Pradesh.

  • Registered Address
    9th Km. Jansath Road Muzaffarnagar, Uttar Pradesh, India
  • Industry
    Chemicals and Materials, Organic Chemicals & Compounds
Comprehensive company report
Gulshan Polyols Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Gulshan Polyols operates one associated brand: Gulshan Polyols. Each brand links to its own profile.

BrandDescriptionWebsite
Gulshan Polyols
Precipitated calcium carbonate, starch derivatives, and sorbitol are manufactured.gulshanindia.com

Financials of Gulshan Polyols Limited

FY 2025-26 filings available

Gulshan Polyols Limited reported revenue of ₹2,312.42 Cr (up 14.5% YoY) for FY 2025-26.

Financial Highlights

FY 2024-25 · Consolidated
Revenue
₹2,020 Cr
+46.5% YoY
EBITDA
₹95.35 Cr
+64.2% YoY
Profit After Tax
₹23.49 Cr
+127.8% YoY
Net Worth
₹613 Cr
+3.9% YoY
Total Assets
₹1,011 Cr
+7.1% YoY
Total Debt
₹392 Cr
+12.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue2,0201,3791,1801,102
Revenue growth+46.5%+16.8%+7.1%-
EBITDA95.3558.0688.00150
EBITDA margin+4.7%+4.2%+7.5%+13.6%
Profit before tax34.4327.7860.20115
Net profit23.4910.3143.1984.42
Net profit margin+1.2%+0.8%+3.7%+7.7%
EPS (₹)3.952.858.6916.40
Balance sheet
Total assets1,011945828652
Net worth613590575535
Total debt392349253117
Cash & bank3.599.585.77123
Net working capital277233233267
Cash flow
Cash from operations41.6866.2815.4460.93
Cash from investing(54.32)(158)(247)(136)
Cash from financing13.2487.60124170
ParticularsSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Revenue542593515610440455406371
Revenue growth (YoY)+23.0%+30.5%+27.0%+64.3%+43.1%---
Other income0.301.910.780.741.162.181.423.02
EBITDA41.8636.5728.8726.7316.2323.5219.3110.73
EBITDA margin+7.7%+6.2%+5.6%+4.4%+3.7%+5.2%+4.8%+2.9%
Depreciation11.4310.5210.3610.528.078.448.785.27
Interest8.158.108.787.887.464.283.520.48
Profit before tax22.5819.8610.519.071.8612.988.438.00
Tax6.826.723.522.320.643.291.853.37
Net profit15.7613.146.996.751.229.696.584.63
EPS (₹)2.532.111.121.080.201.551.050.74
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,3122,0201,3791,1801,102766621
Revenue growth+14.5%+46.5%+16.8%+7.1%+43.8%+23.4%-
EBITDA22995.4457.9188.1815013168.87
EBITDA margin+9.9%+4.7%+4.2%+7.5%+13.6%+17.1%+11.1%
Profit before tax14534.5527.6660.3811593.4827.42
Net profit11022.6910.3543.3784.4261.6720.58
Net profit margin+4.8%+1.1%+0.8%+3.7%+7.7%+8.1%+3.3%
EPS (₹)17.183.972.838.7316.4013.314.39
Balance sheet
Total assets1,0381,011945829652377406
Net worth719613590575535376315
Total debt3183973492481120.0090.99
Cash & bank28.103.429.515.7112318.553.16
Net working capital311276233233267139136
Cash flow
Cash from operations20741.7866.2515.6160.9310644.12
Cash from investing(60.24)(54.32)(158)(247)(136)(11.78)(15.52)
Cash from financing(121)13.0387.63124170(78.61)(51.34)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue640551627542593515610440
Revenue growth (YoY)+7.9%+7.0%+2.8%+23.0%+30.5%---
Other income5.67(0.69)0.440.301.910.780.741.16
Total expenses555485542500557486583424
EBITDA84.9266.1085.1341.6236.6028.8826.7516.29
EBITDA margin+13.3%+12.0%+13.6%+7.7%+6.2%+5.6%+4.4%+3.7%
Depreciation10.5311.3711.8911.4310.5210.3610.528.07
Interest6.688.4916.128.158.098.787.887.45
Profit before tax73.3845.5557.5622.3419.9010.529.091.93
Tax19.898.0116.676.826.723.522.320.64

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023
Revenue542593515610440455406371
Revenue growth (YoY)+23.0%+30.5%+27.0%+64.3%+43.1%---
Other income0.301.910.780.741.162.181.423.02
EBITDA41.8636.5728.8726.7316.2323.5219.3110.73
EBITDA margin+7.7%+6.2%+5.6%+4.4%+3.7%+5.2%+4.8%+2.9%
Depreciation11.4310.5210.3610.528.078.448.785.27
Interest8.158.108.787.887.464.283.520.48
Profit before tax22.5819.8610.519.071.8612.988.438.00
Tax6.826.723.522.320.643.291.853.37
Net profit15.7613.146.996.751.229.696.584.63
EPS (₹)2.532.111.121.080.201.551.050.74
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue2,0201,3791,1801,102
Revenue growth+46.5%+16.8%+7.1%-
Other income4.8712.217.062.05
Total expenses1,9251,3211,092952
Employee cost42.1632.0032.6836.30
EBITDA95.3558.0688.00150
EBITDA margin+4.7%+4.2%+7.5%+13.6%
Depreciation37.3832.3728.7332.41
Interest28.4110.126.134.96
Profit before tax34.4327.7860.20115
Tax9.7710.0415.0229.55
Net profit23.4910.3143.1984.42
Net profit margin+1.2%+0.8%+3.7%+7.7%
EPS (₹)3.952.858.6916.40
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital6.246.245.205.20
Reserves & surplus607584570530
Shareholders' funds (net worth)613590575535
Minority interest0.000.000.000.00
Secured loans392349248112
Unsecured loans0.000.004.894.94
Total debt392349253117
Total liabilities1,011945828652
Assets
Gross block1,019784509443
Net block718521279240
Capital work in progress4.0118227891.28
Investments16.5815.1022.7425.86
Inventories290150157108
Sundry debtors184167142120
Cash & bank balances3.599.585.77123
Loans & advances76.3494.5874.1225.00
Total current assets554421379376
Total current liabilities278188146108
Net working capital277233233267
Total assets1,011945828652
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash0.745.1611318.03
Net cash from operating activities41.6866.2815.4460.93
Net cash from investing activities(54.32)(158)(247)(136)
Net cash from financing activities13.2487.60124170
Net change in cash0.60(4.41)(107)94.57
Closing cash3.599.585.77123
ParticularsFY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+46.5%+16.8%+7.1%-
EBITDA growth+64.2%-34.0%-41.4%-
PBT growth+23.9%-53.9%-47.6%+9997.0%
Net income growth+127.8%-76.1%-48.8%-
Revenue CAGR (3Y)+22.4%---
EBITDA CAGR (3Y)-14.0%---
Profitability & leverage
Net income margin+1.2%+1.3%+3.8%+7.7%
Return on capital employed+6.4%+3.0%+9.0%+18.4%
Return on net worth+4.1%+1.8%+8.1%+15.9%
Debt / equity0.620.510.330.22
Long-term debt / equity0.330.310.170.10
Interest cover49.0139.3910.344.21
Efficiency & per share
Fixed asset turnover2.242.132.482.49
Inventory turnover9.188.968.9010.21
Debtors turnover11.508.949.049.21
EPS (₹)3.952.858.6916.40
Dividend per share (₹)0.300.300.502.00
Book value per share (₹)98.3194.65110.61103.01
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue640551627542593515610440
Revenue growth (YoY)+7.9%+7.0%+2.8%+23.0%+30.5%---
Other income5.67(0.69)0.440.301.910.780.741.16
Total expenses555485542500557486583424
EBITDA84.9266.1085.1341.6236.6028.8826.7516.29
EBITDA margin+13.3%+12.0%+13.6%+7.7%+6.2%+5.6%+4.4%+3.7%
Depreciation10.5311.3711.8911.4310.5210.3610.528.07
Interest6.688.4916.128.158.098.787.887.45
Profit before tax73.3845.5557.5622.3419.9010.529.091.93
Tax19.898.0116.676.826.723.522.320.64
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,3122,0201,3791,1801,102766621
Revenue growth+14.5%+46.5%+16.8%+7.1%+43.8%+23.4%-
Other income1.974.8712.217.062.051.870.95
Total expenses2,0831,9251,3211,092952635552
Employee cost49.2142.1331.9732.6836.3028.6121.68
EBITDA22995.4457.9188.1815013168.87
EBITDA margin+9.9%+4.7%+4.2%+7.5%+13.6%+17.1%+11.1%
Depreciation45.2137.3832.3728.7332.4132.5531.02
Interest40.8528.3810.096.134.966.5511.38
Profit before tax14534.5527.6660.3811593.4827.42
Tax38.239.7710.0415.0229.5531.046.84
Net profit11022.6910.3543.3784.4261.6720.58
Net profit margin+4.8%+1.1%+0.8%+3.7%+7.7%+8.1%+3.3%
EPS (₹)17.183.972.838.7316.4013.314.39
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital6.246.246.245.205.2015.2214.44
Reserves & surplus712607584570530361301
Shareholders' funds (net worth)719613590575535376315
Secured loans3133923492481120.0070.95
Unsecured loans5.365.310.000.440.440.0020.04
Total debt3183973492481120.0090.99
Total liabilities1,0381,011945829652377406
Assets
Gross block1,0421,019784509443412399
Net block696718521279240241260
Capital work in progress7.004.0118227891.283.033.22
Investments47.3516.5815.1022.9725.860.420.42
Inventories22329015015710890.4586.50
Sundry debtors20618416714212098.3882.37
Cash & bank balances28.103.429.515.7112318.553.16
Loans & advances70.7776.3494.7174.1225.0035.9314.50
Total current assets528554422379376243187
Total current liabilities21627818814610810450.31
Net working capital311276233233267139136
Total assets1,0381,011945829652377406
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.170.685.1011318.032.4325.16
Net cash from operating activities20741.7866.2515.6160.9310644.12
Net cash from investing activities(60.24)(54.32)(158)(247)(136)(11.78)(15.52)
Net cash from financing activities(121)13.0387.63124170(78.61)(51.34)
Net change in cash26.580.49(4.42)(108)94.5715.45(22.73)
Closing cash28.103.429.515.7112318.553.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+14.5%+46.5%+16.8%+7.1%+43.8%+23.4%-
EBITDA growth+140.4%+64.8%-34.3%-41.3%+14.9%+89.8%-
PBT growth+320.8%+24.9%-54.2%-47.4%+22.8%+240.9%+1.5%
Net income growth+385.9%+119.2%-76.1%-48.6%+36.9%+199.7%-
Revenue CAGR (3Y)+25.1%+22.4%+21.6%+23.9%+17.8%+7.6%+8.1%
EBITDA CAGR (3Y)+37.6%-14.0%-23.8%+8.6%+21.5%+23.7%+4.4%
Profitability & leverage
Net income margin+4.6%+1.2%+1.3%+3.8%+7.7%+8.2%+3.3%
Return on capital employed+18.2%+6.4%+3.0%+9.0%+23.3%+25.5%+9.2%
Return on net worth+16.1%+4.1%+1.8%+8.2%+18.9%+18.6%+6.9%
Debt / equity0.540.620.510.320.120.130.37
Long-term debt / equity0.210.340.310.160.050.020.07
Interest cover22.1748.8839.5110.314.216.6730.07
Efficiency & per share
Fixed asset turnover2.242.242.132.482.581.891.59
Inventory turnover9.029.188.968.9011.118.668.88
Debtors turnover11.8511.508.949.0410.118.486.81
EPS (₹)17.183.972.838.7316.4013.314.39
Dividend per share (₹)1.500.300.300.502.001.000.70
Book value per share (₹)115.2198.3494.66110.64103.0177.9165.07

To see the full year-wise statements and ratios of Gulshan Polyols Limited, buy the company report.

Board of directors of Gulshan Polyols Limited

No directors are listed for Gulshan Polyols in the MCA records available to us.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Gulshan Polyols Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

No GST registration is on our record for Gulshan Polyols Limited; the GSTIN and return-filing check is in the company report Buy the company report.

Recent activity

Filing
Gulshan Polyols Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kanpur.
Incorporation
20 Oct 2000
Gulshan Polyols Limited was registered on 20 Oct 2000 with Roc Kanpur & aged 26 years 11 days as per MCA records.

News

Gulshan Polyols: To Hold Analyst And Investor Meeting On September 25 At 12 PM
17 Sep 2026 · Exchange Update

Frequently asked questions

Gulshan Polyols is marked as "Inactive" by the Ministry of Corporate Affairs. This typically indicates that the company has not filed its statutory returns and is not compliant with MCA requirements. Continued inactivity may result in the company being struck off.

Gulshan Polyols is an inactive public limited company based in Muzaffarnagar, Uttar Pradesh, India. The company works in organic chemicals and compounds, within the chemicals and materials industry. It was incorporated on 20 October 2000 and is registered under CIN U24121UP2000PLC025708. Listed on BSE: 532457 and NSE: GULPOLY. The company is not compliant with MCA filing requirements.

The CIN (Corporate Identification Number) of Gulshan Polyols is U24121UP2000PLC025708. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Gulshan Polyols is a listed company as per MCA records. Its shares are listed on both BSE (code: 532457) and NSE (symbol: GULPOLY).

Gulshan Polyols was incorporated on 20 October 2000. It is registered with the Registrar of Companies, Kanpur.

The registered office of Gulshan Polyols is at 9th Km. Jansath Road Muzaffarnagar, Uttar Pradesh, India.

Gulshan Polyols reported revenue of ₹2,312.42 Cr for FY 2025-26 (up 14.5% YoY) based on standalone financials.

The latest financial statements of Gulshan Polyols on record with the MCA are for the year ended 31 March 2026. Year-wise statements from 2015 are in the company report.

Gulshan Polyols operates in the chemicals and materials industry, in the organic chemicals and compounds segment.