GHCL Share Price

GHCL Limited, together with its subsidiaries, manufactures and trading of inorganic chemicals in India and internationally. The company offers light soda ash, a basic industrial alkali chemical used in soap and detergents, pulp and paper, iron and steel, aluminum cleaning compounds, water softening and dyeing, in fiber-reactive dyes, effluent treatment, and chemicals products. It sells its products under the i-FLO, and Sapan brands.  GHCL share price on the NSE and BSE is a reflection of how market participants respond to a company’s performance and broader business developments within its industry. It captures the sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.’ 

The GHCL stock price is influenced by various factors such as earnings, product realisations, input cost trends, and global demand-supply dynamics. In the longer run, strategies such as capacity utilisation, cost efficiency, and expansion into derivatives affect stock market sentiments. All these factors must be closely monitored to have an idea about the GHCL stock price movements.  

GHCL live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant ͏monitoring of GHCL live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market. 

Furthermore, monitoring the GHCL share͏ price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook. 

GHCL Company Fundamentals 

GHCL Company Background 

GHCL Limited was incorporated on 14 October 1983 and operates primarily in the chemicals and consumer products sectors. The company is engaged in the manufacture of soda ash and sodium bicarbonate, which serve as key raw materials for industries such as detergents, glass, ceramics, pharmaceuticals, and food processing. Its soda ash manufacturing facility is located at Sutrapada in Gujarat, supported by captive lignite mines in Bhavnagar district that supply essential inputs for production. GHCL markets soda ash in both light and dense grades within India. 

In addition to chemicals, the company has a consumer products division focused on edible and industrial salt. This division operates manufacturing facilities at Vedaranyam in Tamil Nadu and a refinery at Chennai, supplying salt for household and industrial use. 

GHCL integrates sustainability considerations into its operations through initiatives related to energy efficiency, water conservation, waste management, and renewable energy adoption. Its social responsibility initiatives are undertaken through the GHCL Foundation, which focuses on agriculture and animal husbandry, primary healthcare, and education, including vocational training. The company’s strategy emphasises sustainable operations, long-term value creation, and adherence to defined value systems while supporting inclusive growth in communities where it operates. 

GHCL Company Product  

Chemicals Division 

• Light Soda Ash (Anhydrous Sodium Carbonate) – industrial alkali used in detergents, pulp & paper, water treatment, effluent treatment, and chemicals.  
• Dense Soda Ash – used in glass manufacturing (flat glass, container glass, automotive glass) and related industries.  
• Sodium Bicarbonate (Baking Soda) – available in technical, food, and animal feed grades.  

Consumer Products Division 

• Edible Salt – marketed under the brands i-FLO and Sapan.  
• Industrial Grade Salt – supplied for varied industrial applications.  

Other Divisions / Offerings 

• Textiles / Yarn – production of high-quality yarn (cotton and synthetic blends) through textile operations.  
• Trading Division – trading of various chemicals and related products (as listed in broader company profiles) 

GHCL Company Revenue Model 

• Sale of Soda Ash Products – core income from light and dense soda ash sold to detergents, glass, chemicals, textile, and other sectors.  
• Sodium Bicarbonate Sales – revenue from multiple grades sold to food, pharma, fire safety, animal feed, and chemical industries.  
• Consumer Salt Sales – edible and industrial salt distributed through retail and institutional channels.  
• Textile & Yarn Products – revenue from yarn and textile business serving apparel and fabric manufacturers.  
• Trading Revenues – income from trading of various chemicals and inputs through the company’s trading division.  
• Exports – earnings from international sales of soda ash, sodium bicarbonate, and salt to global markets.  
• Distribution & Channel Sales – revenue from a broad distribution network across India supporting all product lines 

GHCL Geographic Presence 

India – Domestic Operations 

• Gujarat – major manufacturing hub including soda ash and raw material resources at Sutrapada and lignite mines at Khadsaliya.  
• Tamil Nadu – salt manufacturing facility at Vedaranyam and refining at Chennai.  
• Noida, Uttar Pradesh – corporate headquarters and strategic functions.  
• Other regions across India – marketing and distribution offices supporting nationwide sales.  

International Markets 

• Exports to Asia, Africa, Middle East & Beyond – soda ash and salt exported to various countries to serve industrial customers abroad. 

GHCL Leadership and Brand Recognition 

Some of the key leaders of GHCL Limited as of January 2026 are 

• Mr. Anurag Dalmia – Non-Executive Director & Chairman 
• Dr. Manoj Vaish – Independent Director 
• Mrs. Vijaylaxmi Joshi (Ex-IAS) – Independent Director 
• Justice Ravindra Singh (Retd.) – Independent Director 
• Mr. Arun Kumar Jain (Ex-IRS) – Independent Director 
• Mr. R. S. Jalan – Managing Director 
• Mr. Raman Chopra – CFO & Executive Director (Finance) 
• Mr. Neelabh Dalmia – Executive Director (Growth & Diversification Projects) 

GHCL Key Milestones 

• 1983: Incorporated as Gujarat Heavy Chemicals Limited on October 14 as a joint sector enterprise of GIIC and the Dalmia Group. 
• 1987: Launched a public issue in August to part-finance the soda ash project. 
• 1998–1999: Acquired salt refinery plants at Thiruporur (Tamil Nadu) and Palghar (Maharashtra). 
• 2000–2001: Entered IT-enabled services through wholly owned subsidiary Icon Data Management Ltd. 
• 2002–2003: Obtained ISO 9002 and ISO 14001 certifications; completed first phase of textile modernisation at Paravai. 
• 2003: Amalgamation of Icon Data Management Ltd.; company renamed GHCL Limited effective November 21. 
• 2004–2005: Completed advanced textile modernisation phases and expanded soda ash and yarn capacities. 
• 2013: Implemented coal-based steam boiler in textiles to manage energy costs. 
• 2014–2016: Achieved record soda ash production and sales; rationalised non-operating subsidiaries. 
• 2017: Completed major soda ash expansion and commissioned edible salt plant at Thiruporur. 
• 2018: Doubled sodium bicarbonate capacity; expanded consumer product portfolio under i-FLO brand. 
• 2019: Completed brownfield soda ash expansion; launched wellness bedding brand MEDITASI. 
• 2020: Approved demerger of textiles business; GHCL Textiles Limited incorporated. 
• 2022: Completed slump sale of home textiles business to Indo Count Industries Limited. 
• 2023–2024: Increased soda ash capacity to 12 lakh MTPA, expanded sodium bicarbonate capacity, commissioned solar power project, and strengthened yarn operations. 

Industry Perspective 

GHCL Limited operates in the chemical manufacturing industry, with a primary focus on soda ash (anhydrous sodium carbonate) and sodium bicarbonate, and secondary engagement in salt and textile-related products. Soda ash is a basic industrial chemical used extensively in the glass, detergents, soaps, paper, metallurgy, and chemical processing industries. Globally, the soda ash market is expected to grow steadily, with forecasts suggesting a CAGR around 4.5%–4.6% between 2024 and 2029, driven by continued demand in glass and detergent manufacturing, and capacity expansions by major producers, including GHCL.  

In the Indian context, the soda ash market size was approximately 4.4–4.6 million tonnes in 2024, with projections through the next decade indicating ongoing growth, albeit at a moderate pace. Some industry data point to a long-term CAGR close to 5% driven by traditional uses and emerging applications such as lithium-ion batteries, water treatment, and solar glass manufacturing. India is expected to be one of the world’s largest consumers of soda ash, with domestic demand outpacing local production capacity and creating opportunities for capacity addition and import substitution.  

Market growth is linked to broader structural factors such as urbanisation, industrialisation, and infrastructure development that elevate demand for materials requiring soda ash inputs. The Indian government’s emphasis on manufacturing scale-up and renewable energy infrastructure, including solar glass production, also supports structural demand. 

GHCL benefits from its integrated soda ash operations, captive limestone resources, and diversified product portfolio across chemicals and consumer products. Ongoing capacity expansions support economies of scale, while steady domestic demand from glass and detergent industries provides volume stability. Focus on sustainability, renewable energy use, and operational efficiency strengthens cost management and long-term competitiveness in the Indian chemical sector. 

GHCL Limited Stock Market Presence: Listings & Index Representation 

GHCL Limited is an established entity in the Indian stock market, listed on major exchanges such as NSE (GHCL) and BSE (500171). Its inclusion in prominent indices like the Nifty Total Market, BSE 1000, S&P BSE MidSmallCap, S&P BSE SmallCap, S&P BSE Basic Materials, S&P BSE AllCap, and Nifty Microcap 250 underscores the company’s significance within India’s chemicals and basic materials sector. 

The GHCL stock price is tracked by investors. Its inclusion in these indices reflects its market capitalisation and operational scale in soda ash manufacturing. Listing on NSE and BSE ensures liquidity, while its index presence drives institutional holdings and benchmark tracking in the basic materials sector. 

GHCL Limited Stock Performance and Share Price History 

The GHCL share price on NSE and BSE reflects its position as a leading soda ash producer. Performance is driven by product pricing, volume growth, input energy costs, and global soda ash margins. Investors compare the GHCL share price today with broader indices and peer chemicals companies to gauge relative performance. 

These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader sector strength has also played a role in supporting the GHCL share price. In addition to operational and sector-led factors, corporate actions such as bonus issues or dividends can also have a significant impact on GHCL share price movements short-term even when the company’s fundamentals remain strong. This shows how corporate actions can trigger short-term swings. 

While short-term movements reflect events and announcements, longer-term valuation trends are visible through the GHCL share price 52-week high and low, providing context beyond daily or weekly changes. The 52-week high of ₹779 and low of ₹511.05 capture impacts of global demand cycles, input cost volatility, and earnings visibility, providing context for the stock’s historical performance. 

GHCL’s stock performance reflects the trading behaviour of a chemicals company exposed to global commodity cycles. The company’s focus on soda ash, cost-efficient operations, and debt reduction have shaped its GHCL share price history. Over time, the stock has shown long-term wealth creation, marked by periods of sharp gains and phases of consolidation. 

Over various periods, the GHCL share price has shown significant movement. The stock delivered strong ten-year returns of 444.16%, significantly outperforming the Nifty50 (244.18%) and Sensex (240.41%), though trailing its industry benchmark. The five-year return was 155.73%. More recently, the one-year return was -26.24%, underperforming the indices, while the three-year return moderated to 6.07%. This recent underperformance in the GHCL share price can be linked to factors like moderating soda ash realisations and increased global supply. 

The GHCL stock price performance over time has closely followed industry cycles. For instance, strong returns in years like 2021 (84.37%) and 2022 (34.32%) coincided with favourable soda ash markets. Conversely, the stock faced pressure in 2023 (15.06%) and 2025 (-21.58%), aligning with periods of margin compression. The GHCL share price reached an all-time high above ₹779 in June 2025 before correcting. Seasonal patterns in the GHCL share price history show that the second and third quarters (Q2 and Q3) have often been stronger on a five-year average. 

Despite broader economic disruptions, GHCL shares showed resilience during the COVID-19 period in 2020, ending the year with an 11.9% return. While the chemicals sector faced demand volatility, stable operations and a strong product portfolio helped the stock retain value. The GHCL stock price movement during this phase reflected the essential nature of its products and prudent financial management. 

GHCL Limited Investor Relevance and Role in Portfolio 

GHCL is a holding in sector-specific and small-to-mid-cap portfolios, offering exposure to the soda ash and basic materials cycle. Inclusion in indices like S&P BSE Basic Materials and Nifty Microcap 250 underscores its relevance within that market segment. Its focus on core chemicals, integrated operations, and debt-free balance sheet make it a considered choice for allocations seeking sectoral exposure. 

GHCL equity is held by a mix of domestic and international institutional investors. Top mutual fund holders include DSP Mutual Fund – DSP Small Cap Fund, Franklin Templeton Mutual Fund – Franklin India Smaller Companies Fund, Franklin Templeton Investments Funds – Franklin ClearBridge Canadian Small Cap Fund, and DSP Mutual Fund – DSP Tax Saver Fund. Other notable holders are ICICI Prudential Mutual Fund – ICICI Prudential Smallcap Fund, and global funds such as iShares, Inc. – iShares Core MSCI Emerging Markets ETF, Vanguard STAR Funds – Vanguard Total International Stock ETF, Vanguard International Equity Index Funds – Vanguard FTSE Emerging Markets ETF, the Government Pension Fund Global, and DFA Investment Dimensions Group Inc. – Emerging Markets Core Equity 2 Portfolio. This investor base highlights its role in targeted portfolios. 

Beyond fundamentals and ownership, GHCL’s stock is monitored in derivatives markets, where open interest and F&O quotes reflect expectations on earnings cycles, commodity price trends, and sector sentiment. Technical indicators such as GHCL RSI, MACD, and MFI provide additional insight into short-term momentum shifts in the GHCL stock price. While primarily used for near-term trading, these tools can also help gauge market sentiment around major events. 

GHCL’s beta has generally shown moderate to low levels, reflecting its nature as a company in a cyclical sector but with specific demand drivers. The long-term beta stands at 0.274. However, shorter-term beta figures show variation, with a one-month daily beta at 1.58 and a one-year weekly beta at 0.992. Other measurements include a three-month daily beta of 0.513, a two-year weekly beta of 1.04, a two-year two-week beta of 0.836, and a two-year monthly beta of 0.852. This range indicates periods where the GHCL share price showed higher correlation with market swings and other periods of relative independence, highlighting its mixed volatility profile influenced by both market and specific commodity factors. 

GHCL Limited Sectoral Relevance and Peer Positioning 

GHCL’s sector relevance stems from its scale in soda ash production, integrated operations, and market share, establishing it as a key player supporting India’s chemicals and basic materials ecosystem. Peer comparisons with companies like Tata Chemicals, Nirma, and Gujarat Heavy Chemicals focus on capacity, cost structure, product mix, and export competitiveness rather than short-term stock moves. These benchmarks help assess operational efficiency and cyclical positioning. Institutional tracking of realisations, raw material costs, and global trade flows further highlights GHCL’s importance within India’s broader industrial landscape. 

GHCL’s sectoral importance is also reflected in financial and market metrics that demonstrate its scale, stability, and systemic impact. 

GHCL market cap history shows significant growth with periods of volatility aligned with industry cycles. As of January 21, 2026, the market cap stood at ₹47.36 billion, a decrease of 33.03% over one year. Historically, it grew from ₹2.28 billion in July 2003 to the current level, a compound annual growth rate of 14.44%. Annual figures show a peak of ₹69.28 billion in December 2024, followed by declines to ₹50.76 billion in December 2025 and ₹47.36 billion in January 2026, reflecting recent price corrections in the GHCL share price. 

GHCL earnings history, represented by net income, shows cyclical growth influenced by commodity prices. Net income grew from ₹71.37 crore in March 2013 to a peak of ₹1,141.57 crore in March 2023. It moderated to ₹793.90 crore in March 2024 and further to ₹624.15 crore in March 2025. The compound annual growth rate over ten years stands at 13.25%, highlighting long-term growth despite recent annual declines of 21.60%. Earnings before interest and tax (EBIT) followed a similar trajectory, peaking at ₹1,461.33 crore in FY23. 

GHCL’s EPS history mirrors its net income trajectory, reflecting per-share profitability. EPS grew from ₹7.14 in March 2013 to a high of ₹120.06 in March 2023. It was ₹83.43 in March 2024 and ₹65.50 in March 2025. The ten-year CAGR for EPS is 13.72%, indicating consistent long-term growth in earnings per share. Recent years show volatility, with a 21.71% decline in FY25. This EPS performance directly influences investor perception and is a key driver behind movements in the GHCL share price over time. 

GHCL P/E ratio history indicates market valuation relative to earnings. The latest reported P/E ratio for FY25 is 9.39, with a trailing twelve-month PE of 9.06. This represents a significant 76.69% increase from the FY24 P/E of 5.31. The five-year average P/E is 6.73, with the lowest point at 4.19 in March 2023. The current P/E suggests the market may be valuing earnings differently compared to recent history, often reflecting expectations about the future soda ash price cycle and company margins. 

Summary 

GHCL Limited is a prominent Indian chemicals manufacturer, primarily in soda ash. The GHCL share price is influenced by sector-specific factors like product realisations and input costs. The stock is listed on NSE and BSE and is part of several indices. Its long-term price history shows cycles of growth and consolidation linked to industry trends. The company has a base of institutional investors, and its financial metrics like EPS, P/E, and market cap provide insight into its market positioning within the basic materials sector.