Gulshan Polyols Share Price

Gulshan Polyols Limited is a leading multi-product manufacturing company in India, engaged in the mineral and grain processing, and ethanol distillery businesses. The company provides starch sugar products such as sorbitol 70% solution, dextrose monohydrate, malto dextrine powder, and liquid glucose, as well as rice fructose syrups, organic sweetener, native starch, precipitated calcium carbonate, IMFL, and animal nutrition products. The Gulshan Polyols 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.

Market sentiment around the Gulshan Polyols stock price often mirrors shifts in demand for starch-based products from the food, beverage, and pharmaceutical sectors, as well as government policies on ethanol blending. Factors such as the pace of capacity expansion, competitive intensity from domestic players, raw material cost inflation (including maize and other grains), and changing consumer preferences toward natural sweeteners influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Gulshan Polyols stock price movements.

Gulshan Polyols 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 Gulshan Polyols live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Gulshan Polyols share 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.

Gulshan Polyols Limited Company Fundamentals

a. Company Background

Gulshan Polyols Limited was incorporated in 1981. The company’s registered office is located in New Delhi, India. The company was founded in 1981 and is headquartered in New Delhi, India. Gulshan Polyols’ primary activity involves the manufacturing of precipitated calcium carbonate and sorbitol, along with starch sugar, organic sweetener, native starch, IMFL, and animal nutrition products. The company has manufacturing facilities for its starch, starch sugar, and animal nutrition products at Gajraula (Uttar Pradesh) and for calcium carbonate at a unit in Gujarat. It also has a manufacturing facility for starch and starch products in Guna, Madhya Pradesh. The company serves a diverse range of industries including pharmaceutical, personal care, footwear, tyre, rubber and plastic, paint, alcohol, ethanol, paper, agrochemical, and food and agro industries. Over the years, Gulshan Polyols has significantly expanded its product portfolio and manufacturing capabilities. It operates in a competitive environment, with its products catering to domestic and international markets. The company has consistently focused on enhancing its production capacity and product quality to meet the growing demand for starch derivatives and specialty chemicals.

b. Product Lines

• Starch sugar products including sorbitol 70% solution, dextrose monohydrate, malto dextrine powder, and liquid glucose

• Rice fructose syrups for food and beverage applications

• Organic sweetener and native starch for natural product formulations

• Precipitated calcium carbonate for industrial applications

• Indian-made foreign liquor (IMFL) and animal nutrition products

• Ethanol (biofuel) and distillery products including by-products thereof

• On-site PCC (precipitated calcium carbonate) plants for customer-specific solutions

c. Company Revenue Model

• Primary revenue from the sale of starch sugar products (sorbitol, dextrose, liquid glucose, maltodextrin) to pharmaceutical, food, and personal care industries

• Volume-driven revenue based on quantity of starch derivatives and calcium carbonate sold

• Revenue from ethanol and distillery products, including biofuel sales

• Revenue from the Mineral Processing segment including precipitated calcium carbonate

• Income from Grain Processing segment including starch and starch sugar products

• Revenue from exports to international markets through distribution networks

• Processing fees and service charges from on-site PCC plant operations

• Seasonal variations in demand for starch products affecting revenue patterns throughout the year

• Government policy changes on ethanol blending and sugar pricing influencing revenue stability

d. Geographic Presence

• Strong presence across India with manufacturing facilities at Gajraula (Uttar Pradesh), Guna (Madhya Pradesh), and Gujarat

• Registered office and corporate headquarters located in New Delhi

• Operations cover all major industrial hubs across the country

• Export presence in international markets through distribution networks

• Digital platform enabling customer acquisition across domestic and international markets

• Operations primarily concentrated in India, serving domestic markets across all states

e. Key Milestones

• 1981: Incorporated as Gulshan Polyols Limited

• 1981: Headquartered in New Delhi, India

• Expanded manufacturing facilities for starch, starch sugar, and animal nutrition products at Gajraula (Uttar Pradesh)

• Established calcium carbonate manufacturing unit in Gujarat

• Established manufacturing facility for starch and starch products in Guna (Madhya Pradesh)

• Listed on BSE and NSE

f. Industry Perspective

Gulshan Polyols Limited operates in the starch and starch derivatives industry, which is a key segment of India’s specialty chemicals and food ingredients sector. Globally, the starch derivatives market was valued at approximately USD 70 billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 5-6% from 2025 to 2030, driven by increasing demand from the food, beverage, and pharmaceutical industries. In India, the starch and starch derivatives market is poised for substantial growth. According to industry reports, the Indian starch and starch derivatives market size was valued at USD 3.45 billion in 2025 and is forecast to reach USD 4.12 billion by 2030, expanding at a CAGR of 7.34%. The market is further expected to reach USD 5.25 billion by 2031, at a CAGR of 7.25% during the forecast period (2026-2031). The Indian ethanol blending program aims to achieve 20% blending by 2025, creating significant opportunities for distillery products. The demand for starch-based sweeteners (including sorbitol, dextrose, and liquid glucose) is growing at 8-10% annually, driven by the shift from sugar to natural sweeteners in processed foods and beverages. The pharmaceutical industry’s growth at a CAGR of 10-12% is driving demand for excipients like sorbitol and dextrose. Key challenges include raw material price volatility (maize, rice), intense competition from domestic and international players, and regulatory changes on ethanol pricing and sugar policies.

Gulshan Polyols Limited Stock Market Presence: Listings & Index Representation

Gulshan Polyols is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol GULPOLY and on the Bombay Stock Exchange (BSE) with the scrip code 532457. The company’s ISIN number is INE255D01024. Its listing on both exchanges ensures that the Gulshan Polyols price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company has been listed on stock exchanges for several years. The company forms part of several benchmark indices that represent broad market segments. Gulshan Polyols is included in indices such as BSE Fast Moving Consumer Goods, BSE SmallCap, BSE 500, and BSE AllCap on the BSE. Being represented in multiple indices enhances the visibility and liquidity of the Gulshan Polyols stock price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s starch derivatives and specialty chemicals landscape. The inclusion of Gulshan Polyols in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the stock price to corporate and industry developments.

Gulshan Polyols Limited Stock Performance and Share Price History

The Gulshan Polyols price has exhibited significant volatility over the past decade, shaped by the company’s position in the starch derivatives sector and broader industrial cycles. The Gulshan Polyols share price recorded a negative total return of approximately 7.9% over the last 1 year, underperforming the BSE Small Cap index which returned 29.0% during the same period. The Gulshan Polyols share price delivered a 5-year total return of 12.4% and a 10-year total return of 11.9%, demonstrating moderate long-term wealth creation despite recent underperformance. The Gulshan Polyols share price reached a 52-week high of ₹220.50 and a 52-week low of ₹121.50, indicating a wide trading range and substantial price fluctuations of approximately ₹99 from peak to trough. The Gulshan Polyols share price recorded a strong rally in 2021, delivering a substantial positive annual return of 230.5%, while the subsequent period has seen the Gulshan Polyols stock price correct significantly from its peak levels. The Gulshan Polyols share price has shown a 1-month return of approximately 6.8% and a 3-month return of 7.9% as of April 2026, indicating recent recovery.

The Gulshan Polyols stock price has been particularly responsive to quarterly earnings releases and corporate announcements. When the company reported a 40.51% year-on-year increase in net profit to ₹24.79 crore in FY2025, the Gulshan Polyols stock price showed a positive reaction. The Gulshan Polyols share price has shown a pattern of positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over raw material costs have contributed to consolidation in the Gulshan Polyols stock price. Corporate developments, including strategic announcements such as capacity expansion in starch and starch derivatives, new product launches, and the company’s focus on the growing ethanol blending program, have also influenced short-term fluctuations in the Gulshan Polyols price. The Gulshan Polyols share price has shown a 5-year total return of 12.4% according to some sources, while others indicate a 5-year return of 12.99% or 14.20%, reflecting the volatility in the stock. The Gulshan Polyols share price has shown a 10-year aggregate net profit of ₹353.06 crore, reflecting the company’s sustained profitability over the long term. The Gulshan Polyols share price reached its 52-week high of ₹220.50 before declining to its 52-week low of ₹121.50, reflecting the volatility inherent in the starch derivatives space. The Gulshan Polyols share price has shown a year-to-date return of approximately 13.8% as of April 2026, indicating positive momentum in the current fiscal year. Comprehending these patterns in the Gulshan Polyols price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Gulshan Polyols price movements illustrate how industry fundamentals, raw material cycles, and investor expectations converge in market pricing.

The Gulshan Polyols price has shown distinct seasonal patterns over the past decade. In terms of annual performance, the Gulshan Polyols share price delivered its strongest annual return of 230.5% in 2021, followed by a positive return of 100.0% in 2020. The stock recorded negative annual returns in 2025 (-18.9%), 2024 (-16.9%), 2022 (-8.2%), and 2019 (-35.3%), with a marginal positive return of 0.9% in 2023. The Gulshan Polyols share price has demonstrated that the stock tends to perform better in periods of strong demand from food and pharmaceutical industries and favourable raw material prices, while underperforming during phases of input cost inflation and intense competition.

Gulshan Polyols Limited Investor Relevance and Role in Portfolio

Gulshan Polyols holds a significant position for portfolio investors who seek exposure to India’s starch derivatives and specialty chemicals sector with a focus on multi-product manufacturing. The company’s diversified product portfolio across starch sugar, sorbitol, calcium carbonate, and ethanol aligns it with investment strategies that value manufacturing scale and product diversification. The Gulshan Polyols share price often mirrors how these themes resonate with investor portfolios, whereby both thematic and sector specific funds monitor food industry demand indicators, ethanol blending targets, and raw material price trends when evaluating allocation decisions.

Institutional stakeholders play a significant role in Gulshan Polyols’ ownership profile, with notable long term investment entities such as promoters holding 66.80% of the company as of December 2025. Mutual fund holders of Gulshan Polyols are not applicable as mutual funds do not hold any stake in the company. As of December 2025, promoters hold 66.80% of the company, Foreign Institutional Investors (FIIs) hold 0.00%, Domestic Institutional Investors (DIIs) hold 0.00%, Insurance companies hold 0.00%, and Retail holds approximately 33.20% of Gulshan Polyols. Promoters have increased holdings from 66.71% to 66.80% in the December 2025 quarter. FII/FPI holdings remain unchanged at 0.00%, while retail holdings decreased from 33.29% to 33.20% over the same period. These investors represent a blend of domestic perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

The beta analysis of Gulshan Polyols across multiple time periods highlights its changing volatility in relation to the overall market. Based on data, the long-term beta stands at approximately 1.98, indicating that the stock is generally more volatile than the broader market over an extended period. In short-term daily analysis, beta values over the one-month range of 1.22 show moderate sensitivity to recent market fluctuations, while the three-month range of 0.451 indicates lower responsiveness. Weekly data reveals beta over a one-year period of 2.22 showing the stock’s high sensitivity to weekly market changes, with the two-year weekly beta of 1.95 indicating a similar level of market linkage. The two-week beta over a two-year period of 1.60 reflects stronger responsiveness to market movements over that timeframe. The monthly beta over two years of 1.39 suggests moderate volatility when analyzed on a monthly basis. Supporting statistics such as mean values (ranging from 145.02 to 208.17) and standard deviations (from 1.83 to 13.26) further indicate variability in performance across periods. The daily price range percentages are: 3-day at 5.05%, 5-day at 4.23%, 10-day at 3.54%, 15-day at 3.09%, 35-day at 2.85%, and 50-day at 2.59%, indicating moderate to high intra-period volatility. The stock’s weekly volatility of approximately 5% has been stable over the past year. The Gulshan Polyols share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Gulshan Polyols stock price’s beta reflects that the company’s diversified business model and established market position may provide some stability, though the starch derivatives sector remains sensitive to raw material cost fluctuations and government policy changes.

Gulshan Polyols Limited Sectoral Relevance and Peer Positioning

The sector relevance of Gulshan Polyols is anchored in its role within the broader Indian starch derivatives and specialty chemicals industry, where it competes with other diversified manufacturing companies. As part of this industry, the company’s strategic positioning connects starch sugar products, calcium carbonate, and ethanol to downstream industries including food and beverages, pharmaceuticals, personal care, paper, and biofuels. Competitors in the starch derivatives and specialty chemicals segment include companies such as KRBL Limited, BCL Industries Limited, Gujarat Ambuja Exports Limited, LT Foods Limited, JublIngrevia Limited, Kaveri Seed Company Limited, Chaman Lal Setia Exports Limited, and other players in the grain processing and distillery sectors. Firms with parallels in either product portfolio scale or manufacturing capabilities are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Gulshan Polyols P/E ratio have shown variations over different periods. The current P/E ratio of Gulshan Polyols stands at approximately 13.1 to 24.98 times depending on the source, representing a discount to its peers’ median range of 20.87 to 37.60 times. The Gulshan Polyols P/E ratio has shown fluctuations over the past several years, with the ratio at 13.1 in April 2026, 24.98 in April 2026 (according to other sources), 45.15 in some periods, and 38.93 in others, reflecting changing investor perceptions of the company’s earnings potential.

Similarly, the Gulshan Polyols EPS narrative has shown variation according to how operational performance aligns with industry demand cycles and cost structures. Structural gains from capacity expansion and product diversification supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from raw material inflation and softer demand phases have moderated EPS momentum. Gulshan Polyols earnings have shown a trajectory that responded to both revenue growth and margin pressures over the analysed period. Gulshan Polyols market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive and evolving starch derivatives market.

Over the last five years (FY2021 to FY2025), the market capitalisation of Gulshan Polyols has followed a pattern of significant growth followed by moderation. From fiscal year 2021 to 2022, the company’s market cap showed an increasing trend, reflecting strong investor confidence during the starch derivatives boom. The market cap increased from ₹1,096 crore in 2021 to ₹1,291 crore in 2022 (+17.8%), and reached a peak of approximately ₹1,100-1,200 crore in 2024. Subsequently, from fiscal year 2025 through the most recent period, the market cap has shown a declining trend, contracting from its peak levels to approximately ₹1,006 crore to ₹1,069 crore as of April 2026. According to data, market cap stood at ₹1,005.7 crore in April 2026, ₹1,069.22 crore according to other sources, and ₹990.94 crore according to Torus Digital. This decrease mirrors the correction in the Gulshan Polyols share price and the broader underperformance of the specialty chemicals sector relative to broader market indices.

The earnings history of Gulshan Polyols over the past five years (FY2021 to FY2025) has been characterised by a period of growth followed by recent moderation. Net income showed a generally increasing trend from 2021 to 2022, with reported net profit rising from ₹57.29 crore in FY2021 to ₹85.25 crore in FY2022 (+48.8%), and ₹45.18 crore in FY2023 (-47.0%). Subsequently, earnings have shown a sharp moderating trend, with net profit decreasing to ₹17.76 crore in FY2024 (-60.7%) and recovering to ₹24.67 crore in FY2025 (+38.9%). For the trailing twelve months, net profit stands at approximately ₹76.6 crore to ₹77 crore, showing a strong recovery from FY2025 levels. The 10-year aggregate net profit stands at ₹353.06 crore. Quarterly performance in Q2 FY2025-26 showed a 1190.98% year-on-year surge in net profit to ₹15.75 crore. Total revenue increased from ₹768.64 crore in FY2021 to ₹2,024.54 crore in FY2025, representing a total growth of over 160% over five years. This recent earnings improvement reflects the impact of capacity expansion, product diversification, and operational efficiency on the company’s profitability.

The Earnings Per Share (EPS) history for Gulshan Polyols has shown significant variation over the past five years. The diluted EPS growth rate has shown variation, with EPS at ₹9.14 in FY2021, ₹13.65 in FY2022, ₹7.23 in FY2023, ₹2.83 in FY2024, and ₹3.97 in FY2025. The current TTM EPS stands at approximately ₹12.3 to ₹13.25 depending on the source. Over a five-year period, the company demonstrated strong EPS growth in earlier years followed by a significant decline and recent recovery. The highest EPS was recorded in FY2022 at ₹13.65, while the lowest was in FY2024 at ₹2.83. Recent quarters have shown a recovery with EPS of ₹1.12 in some periods.

The Price-to-Earnings (P/E) ratio history of Gulshan Polyols has shown fluctuations over the five-year period. At the end of recent fiscal years, the P/E ratio varied, with 2021 at 7.4x, 2022 at 7.1x, 2023 at 14.0x, 2024 at 37.6x, and recent data at 13.1x to 24.98x. The mean historical P/E ratio over the last five years has been around 15-20 times. The current P/E ratio stands at a discount to the industry peer median of 20.87 to 37.60 times, reflecting that investor expectations are adjusting to near-term earnings headwinds. The Gulshan Polyols share price has been influenced by these valuation metrics. The Gulshan Polyols stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Gulshan Polyols is a leading starch derivatives and specialty chemicals company in India listed on both the NSE and BSE, where the Gulshan Polyols share price reflects food industry demand cycles, raw material cost dynamics, and ethanol blending policies within the specialty chemicals sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader industrial manufacturing themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s starch derivatives market.