GHCL
- Market cap
- ₹ 3,445 Cr.
- P/E
- 7.6x
- P/B
- 1x
- 52-week range
- 370.85 – 667.2
- ROE
- 13%
- ROCE
- 17%
- Dividend yield
- 3.1%
- Debt / equity
- 0.02
- Sector
- Chemicals & Petrochemicals
- Industry
- Commodity Chemicals
- Listed on
- NSE, BSE
About
GHCL Limited is an India-based chemical company. The Company is engaged in the manufacturing of anhydrous sodium carbonate (soda ash) that is a raw material for detergents and glass industries and sodium bicarbonate (baking soda). Its divisions include chemicals division, consumer products division and trading division. In chemicals division, the Company offers soda ash in two categories: light soda ash and dense soda ash. It also produces sodium bicarbonate, and these products are marketed in India under the brand name LION. The consumer product division markets edible salt and crystal salt under the brand name i-Flo & Sapan. The trading division offers a variety of chemicals to industrial and consumer markets from global chemical producers. The Company, through its subsidiary, GHCL Textiles Limited, produces 100% cotton and synthetic yarns. It has a capacity of approximately 225000 ring spindles, 3320 rotors, 480 vortex positions and 5760 two-for-one (TFO) spindles.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Commodity Chemicals: 75 companies →GHCL against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)7.6 against a typical 22.7: cheaper than most peers (1st = cheapest).9th of 72
- Sales growth+1.3% against a typical +12.7% from a year earlier.45th of 65
- Profit growth−22.7% against a typical +13.6% from a year earlier.33rd of 49
- Share price, 3 months−12% against a typical −2.1%.49th of 65
- Size₹ 3,444.6 Cr. market value against a typical ₹ 131.2 Cr. (1st = largest).6th of 69
Latest announcements
Exchange filings and their impact on the company.
- GHCL started commercial production of 2,800 MT bromine plant, adding a small new revenue stream.
GHCL Limited commenced commercial production of Liquid Bromine at Kathivadar, Gujarat from October 12, 2026, with an annual capacity of 2,800 MT for domestic and international markets. At prevailing bromine prices of around Rs 3 lakh per tonne, full capacity implies about Rs 85-90 crore of sales. This adds a small ~2-3% diversification to its soda-ash led business of ~Rs 3,064 crore sales in FY26.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE AA- / CARE A1+ | Stable | 10 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Aug 2026 | Reaffirmed | CARE AA- / CARE A1+ | — | CARE | ₹ 879.95 Cr. | |
| 7 Aug 2025 | Withdrawn | was CARE AA- / CARE A1+ | — | CARE | ₹ 910.65 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 31 Oct 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 1 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 5 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 29 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 1 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 31 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 8 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,019 | 805 | 798 | 823 | 830 | 793 | 779 | 781 | 796 | 721 | 757 | 791 |
| Expenses | 719 | 592 | 648 | 639 | 614 | 582 | 549 | 563 | 599 | 564 | 598 | 615 |
| Operating Profit | 299 | 213 | 150 | 184 | 217 | 211 | 230 | 218 | 197 | 157 | 159 | 176 |
| OPM % | 29% | 26% | 19% | 22% | 26% | 27% | 30% | 28% | 25% | 22% | 21% | 22% |
| Other Income | 230 | 11 | 14 | 17 | 18 | 17 | 29 | 23 | 27 | 17 | 16 | 14 |
| Interest | 8 | 7 | 6 | 5 | 4 | 4 | 4 | 4 | 2 | 2 | 3 | 2 |
| Depreciation | 24 | 26 | 26 | 26 | 27 | 28 | 28 | 28 | 27 | 28 | 29 | 27 |
| Profit before tax | 497 | 191 | 133 | 170 | 203 | 196 | 227 | 209 | 195 | 145 | 143 | 160 |
| Tax % | 14% | 25% | 25% | 26% | 26% | 21% | 26% | 28% | 26% | 26% | 26% | 28% |
| Net Profit | 426 | 143 | 100 | 125 | 151 | 155 | 168 | 150 | 144 | 107 | 106 | 116 |
| EPS in Rs | 44.6 | 14.94 | 10.43 | 13.04 | 15.73 | 16.17 | 17.59 | 15.69 | 15 | 11.11 | 11.53 | 12.58 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 2%
- 5 Years
- 4%
- 3 Years
- −12%
- TTM
- −4%
- 10 Years
- 6%
- 5 Years
- 7%
- 3 Years
- −25%
- TTM
- −24%
- 10 Years
- 5%
- 5 Years
- −1%
- 3 Years
- −13%
- TTM
- —
- 10 Years
- 21%
- 5 Years
- 21%
- 3 Years
- 16%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| GHCL | ₹ 386.50 | ₹ 3,445 Cr. | 7.6x | 1x | 13% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Raman Chopra
- Chief Financial Officer, Executive Director - Finance, Whole-time Director
- N. N. Radia
- President, Chief Operating Officer - Soda Ash
- Bhuwneshwar Prasad Mishra
- Vice President - Sustainability, Company Secretary
- Ravi Shanker Jalan
- Managing Director, Executive Director
- Neelabh Dalmia
- Executive Director - Growth and Diversification Projects
- Mayuresh Hede
- Operation Head - Sutrapada Soda Ash Plant
- Sunil Kumar Singh
- Head of Marketing - Soda Ash
Prices are delayed and for information only. Nothing on this page is investment advice.