AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 17 Sep - Gulshan Polyols will join Arihant Capital’s Bharat Connect virtual investor conference on September 25, 2026.
Source: Bse
Gulshan Polyols Limited (GULPOLY)
Small CapIndustrials stocks · Small cap · NSE
Gulshan Polyols Limited operates in Polyols, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹158.59
-4.87 · -2.98%
Market cap ₹1,003 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result06 Aug, 11:17 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -9.6% / mo · MACD +
Stock trend: 35
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GULPOLYD candles · FIT view-11.6%Latest close ₹158.59 on 2026-10-21
Bar
-4.0%
RSI
38
MACD hist
0.60
52W pos
35%
2026-10-21O ₹165.25H ₹165.25L ₹156.29C ₹158.59Vol 96,001 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GULPOLYNifty India ManufacturingNifty 500
- GULPOLY
- -12.3%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- -5.8 pp
Chart stats
21 Oct 2026- From 52W high
- -30.3%
- 52W range position
- 35%
- ATR (14)
- 4.1%
- Volume vs 20D
- 0.91x
- Avg traded value
- ₹1.8 Cr
- 20D price channel
- ₹156.3 - ₹177
₹227.6
₹121.5 - ₹227.6
₹6.5
Latest completed session
20-session average
37.0% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED20
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +7.9% · PAT +315.4% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model-443.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence61
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +8% YoY · PAT +315% YoY · margin expansion · +16% QoQ · operating leverage
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹640 Cr | +7.9% | +16.1% |
| EBITDA | ₹85 Cr | +129.7% | +28.8% |
| Operating margin | 13.0% | +700 bps | +100 bps |
| PAT | ₹54 Cr | +315.4% | +42.1% |
| PAT margin | 8.4% | +625 bps | +154 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 23.50
- P/B
- 1.56
- EV/EBITDA
- 8.23
- Market Cap
- 1003.00Cr
Profitability
- ROE
- 3.91%
- ROCE
- 6.30%
- ROA
- 3.33%
- Dividend Y
- 0.93%
Growth (CAGR)
- Revenue 5Y
- -8.00%
- EPS 5Y
- -8.00%
- Revenue 3Y
- 22.00%
- EPS 3Y
- -35.00%
Balance Sheet
- Debt/Equity
- 0.71
- Interest Coverage
- 4.06×
- Altman Z
- 3.88
- Book Value
- 103.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 0/5
- OCF
- 42.00 Cr
- EPS TTM
- 6.84
Shareholding
- Promoter Hold
- 66.80%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 37%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 640+16.2% vs prev
Net Profit
₹ CrLatest: 54.0+42.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 38.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~10.6% over last month) — short-term momentum negative.
- RSI(14) at 38 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 30% off 52W high · 31% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
59
RS percentile
Stage 1 Base / Transition
1M return
-6.4%
3M return
-12.3%
6M return
-14.5%
1Y return
+4.2%
RS 1D
-3
RS 20D
-3
Sector rank
#2
Industry rank
#6
Stage evidence
- Price is 13.1% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 110.22-2.08%
RS vs Nifty 500110
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 20 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation6/30
Growth1/25
Quality0/20
Balance Sheet9/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
20
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
20/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 9/15 to the score.
- Valuation contributes 6/30 to the score.
- Cash flow contributes 1/10 to the score.
Main drags
- Fair-value margin of safety is negative at -443.1%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 1/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
23.5
PB
1.6
EV/EBITDA
8.2
ROE
3.9%
ROCE
6.3%
FCF Yield
—
Debt/Equity
0.7
MoS
-443.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
20
Previous: 19 (+1)
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-443.1%
Previous: -459.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
19
19
19
19
19
19
19
19
19
19
19
19
Factor attribution
Valuation
6+1
was 5
Modelled fair value
Graham Number
₹125.9
-26.0% MoS
Growth-justified P/E
4.3
Growth-justified Value
₹29.21
-443.1% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
FAIRCHEMOR
Small
Fairchem Organics Limited
Specialty Chemicals
match 134
21
55.1
2.2%
-4323%
OVERVALUED
SADHNANIQ
Small
Sadhana Nitrochem Limited
Specialty Chemicals
match 134
18
—
-23.5%
—
OVERVALUED
GEMAROMA
Small
Gem Aromatics Limited
Specialty Chemicals
match 134
23
29.0
7.0%
-185%
OVERVALUED
DMCC
Small
DMCC SPECIALITY CHEMICALS LIMITED
Specialty Chemicals
match 133
28
19.8
11.5%
-213%
OVERVALUED
AMNPLST
Small
Amines & Plasticizers Limited
Specialty Chemicals
match 133
39
22.9
13.2%
-159%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Gulshan Polyols Limited operates in Polyols, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
61Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 28th percentile within Industrials. Main check: financial discipline is weak at 28/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
36 docs text-extracted · 11 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
32nd percentile
overall median 67 · Industrials: 28th pctile, median 68 · Small: 36th pctile, median 66
Evidence depth
Financial-only
36 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
28
weak · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 66.8%.
- ▸Promoter pledge is zero.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸4/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Only 0 years of positive FCF.
- ▸ROCE is low at 6.3%.
- ▸ROE is low at 3.9%.
- ▸Revenue CAGR is 22% but EPS CAGR is -35%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Gulshan Polyols Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 19 Aug - Find enclosed the Copy of Newspaper publications regarding completion of Dispatch of Notice of 26th Annual General Meeting to be held on Friday, September 11, …
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Enclosed the intimation of copies of newspaper advertisements regarding 26th Annual General Meeting, Book Closure and Dividend.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug - Enclosed the copy of Newspaper Advertisement regarding the unaudited financials of the Company for Quarter ended June 30, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 30 May - The Investor/Analyst Call of the Company will be held on June 03, 2026 and June 04, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Jun - Newspaper Publication for Special Window for Transfer and Dematerialisation of Physical Securities
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.