About
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; dense soda ash for use in glass manufacturing, silicate, ultramarine, and other chemical industries; and refined sodium bicarbonate for use in food, food dyes, poultry and animal feed, leather tanning, fire extinguishers, vegetable cleaning applications, blasting of metals, manufacture of chemicals, pharma, oral care products, and deodorizers. It also provides edible and industrial grade salt products. In addition, the company trades in various chemicals, such as sodium tripolyphosphate, sodium lignosulfonate, PVC resin, titanium dioxide, citric acid, EVA, zircon flour and sand, kaolin clay, and borax pentahydrate. It sells its products under the i-FLO, and Sapan brands. The company was incorporated in 1983 and is based in Noida, India.
Key Metrics
as of Sep 2026Market Cap4,023 Cr
P/E8.81
Div Yield2.75 %
Book Value₹386.00
52w High₹668.00
52w Low₹417.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 791.00 | 757.00 | 721.00 | 796.00 | 781.00 | 779.00 | 793.00 | 830.00 | 823.00 | 798.00 | 805.00 | 1,019.00 | 1,120.00 |
| Expenses | 615.00 | 598.00 | 564.00 | 599.00 | 563.00 | 549.00 | 582.00 | 614.00 | 639.00 | 648.00 | 592.00 | 719.00 | 771.00 |
| Operating Profit | 176.00 | 159.00 | 157.00 | 197.00 | 218.00 | 230.00 | 211.00 | 217.00 | 184.00 | 150.00 | 213.00 | 299.00 | 349.00 |
| OPM % | 22.00 | 21.00 | 22.00 | 25.00 | 28.00 | 30.00 | 27.00 | 26.00 | 22.00 | 19.00 | 26.00 | 29.00 | 31.00 |
| Other Income | 14.00 | 16.00 | 17.00 | 27.00 | 23.00 | 29.00 | 17.00 | 18.00 | 17.00 | 14.00 | 11.00 | 230.00 | -3.00 |
| Depreciation | 27.00 | 29.00 | 28.00 | 27.00 | 28.00 | 28.00 | 28.00 | 27.00 | 26.00 | 26.00 | 26.00 | 24.00 | 27.00 |
| Interest | 2.00 | 3.00 | 2.00 | 2.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 6.00 | 7.00 | 8.00 | 10.00 |
| Profit before tax | 160.00 | 143.00 | 145.00 | 195.00 | 209.00 | 227.00 | 196.00 | 203.00 | 170.00 | 133.00 | 191.00 | 497.00 | 309.00 |
| Tax % | 28.00 | 26.00 | 26.00 | 26.00 | 28.00 | 26.00 | 21.00 | 26.00 | 26.00 | 25.00 | 25.00 | 14.00 | 27.00 |
| Net Profit | 116.00 | 106.00 | 107.00 | 144.00 | 150.00 | 168.00 | 155.00 | 151.00 | 125.00 | 100.00 | 143.00 | 426.00 | 227.00 |
| EPS in Rs | 12.58 | 11.53 | 11.11 | 15.00 | 15.69 | 17.59 | 16.17 | 15.73 | 13.04 | 10.43 | 14.94 | 44.60 | 23.70 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,064.00 | 3,183.00 | 3,447.00 | 4,551.00 | 3,052.00 | 2,491.00 | 3,305.00 | 3,341.00 | 2,919.00 | 2,784.00 | 2,531.00 | 2,356.00 |
| Expenses | 2,375.00 | 2,306.00 | 2,596.00 | 3,048.00 | 2,322.00 | 1,886.00 | 2,576.00 | 2,582.00 | 2,313.00 | 2,103.00 | 1,901.00 | 1,828.00 |
| Operating Profit | 690.00 | 877.00 | 851.00 | 1,503.00 | 730.00 | 605.00 | 729.00 | 759.00 | 607.00 | 681.00 | 629.00 | 528.00 |
| OPM % | 22.00 | 28.00 | 25.00 | 33.00 | 24.00 | 24.00 | 22.00 | 23.00 | 21.00 | 24.00 | 25.00 | 22.00 |
| Other Income | 73.00 | 88.00 | 270.00 | 119.00 | 211.00 | 18.00 | 16.00 | 16.00 | 38.00 | 37.00 | -3.00 | -15.00 |
| Interest | 10.00 | 17.00 | 27.00 | 39.00 | 51.00 | 74.00 | 120.00 | 127.00 | 127.00 | 137.00 | 165.00 | 171.00 |
| Depreciation | 111.00 | 112.00 | 102.00 | 94.00 | 87.00 | 111.00 | 131.00 | 117.00 | 110.00 | 86.00 | 82.00 | 85.00 |
| Profit before tax | 642.00 | 836.00 | 991.00 | 1,489.00 | 802.00 | 437.00 | 495.00 | 531.00 | 407.00 | 495.00 | 380.00 | 257.00 |
| Tax % | 26.00 | 25.00 | 20.00 | 23.00 | 19.00 | 25.00 | 20.00 | 34.00 | 13.00 | 23.00 | 32.00 | 29.00 |
| Net Profit | 472.00 | 624.00 | 794.00 | 1,142.00 | 650.00 | 326.00 | 397.00 | 351.00 | 356.00 | 380.00 | 258.00 | 182.00 |
| EPS in Rs | 51.39 | 65.18 | 82.94 | 119.41 | 68.14 | 34.33 | 41.75 | 35.77 | 36.59 | 38.04 | 25.78 | 18.19 |
| Dividend Payout % | 23.00 | 18.00 | 14.00 | 15.00 | 22.00 | 16.00 | 7.00 | 14.00 | 14.00 | 13.00 | 0.00 | 12.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 92.00 | 96.00 | 96.00 | 96.00 | 95.00 | 95.00 | 95.00 | 98.00 | 97.00 | 99.00 | 100.00 | 100.00 |
| Reserves | 3,460.00 | 3,393.00 | 2,883.00 | 3,860.00 | 2,852.00 | 2,389.00 | 2,054.00 | 1,827.00 | 1,513.00 | 1,247.00 | 936.00 | 670.00 |
| Borrowings | 83.00 | 119.00 | 210.00 | 361.00 | 788.00 | 782.00 | 1,254.00 | 1,302.00 | 1,322.00 | 1,463.00 | 1,365.00 | 1,324.00 |
| Other Liabilities | 665.00 | 578.00 | 581.00 | 816.00 | 1,261.00 | 712.00 | 766.00 | 767.00 | 695.00 | 694.00 | 548.00 | 758.00 |
| Total Liabilities | 4,300.00 | 4,185.00 | 3,770.00 | 5,133.00 | 4,995.00 | 3,978.00 | 4,169.00 | 3,995.00 | 3,628.00 | 3,504.00 | 2,949.00 | 2,851.00 |
| Fixed Assets | 1,821.00 | 1,844.00 | 1,842.00 | 1,731.00 | 2,474.00 | 2,675.00 | 2,664.00 | 2,591.00 | 2,502.00 | 2,410.00 | 2,049.00 | 1,934.00 |
| CWIP | 450.00 | 256.00 | 55.00 | 109.00 | 213.00 | 81.00 | 122.00 | 117.00 | 74.00 | 26.00 | 37.00 | 7.00 |
| Investments | 1,042.00 | 651.00 | 420.00 | 380.00 | 17.00 | 15.00 | 9.00 | 12.00 | 10.00 | 9.00 | 15.00 | 2.00 |
| Other Assets | 987.00 | 1,435.00 | 1,453.00 | 2,914.00 | 2,292.00 | 1,207.00 | 1,375.00 | 1,275.00 | 1,043.00 | 1,059.00 | 848.00 | 909.00 |
| Total Assets | 4,300.00 | 4,185.00 | 3,770.00 | 5,133.00 | 4,995.00 | 3,978.00 | 4,169.00 | 3,995.00 | 3,628.00 | 3,504.00 | 2,949.00 | 2,851.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 687.00 | 638.00 | 797.00 | 856.00 | 643.00 | 621.00 | 624.00 | 530.00 | 590.00 | 458.00 | 509.00 | 416.00 |
| Cash from Investing Activity | -291.00 | -358.00 | -534.00 | -409.00 | -337.00 | -109.00 | -206.00 | -271.00 | -279.00 | -375.00 | -249.00 | -127.00 |
| Cash from Financing Activity | -451.00 | -230.00 | -338.00 | -530.00 | -98.00 | -569.00 | -339.00 | -258.00 | -308.00 | -113.00 | -252.00 | -296.00 |
| Net Cash Flow | -55.00 | 50.00 | -75.00 | -83.00 | 209.00 | -57.00 | 80.00 | 1.00 | 2.00 | -30.00 | 8.00 | -8.00 |
| Free Cash Flow | 424.00 | 336.00 | 691.00 | 506.00 | 306.00 | 510.00 | 418.00 | 257.00 | 308.00 | 82.00 | 258.00 | 284.00 |
| CFO/OP % | 124.00 | 98.00 | 116.00 | 86.00 | 116.00 | 120.00 | 101.00 | 82.00 | 109.00 | 83.00 | 96.00 | 91.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 21.00 | 24.00 | 19.00 | 18.00 | 27.00 | 33.00 | 30.00 | 32.00 | 29.00 | 36.00 | 26.00 | 38.00 |
| Inventory Days | 199.00 | 217.00 | 185.00 | 177.00 | 294.00 | 245.00 | 198.00 | 199.00 | 182.00 | 187.00 | 194.00 | 193.00 |
| Days Payable | 94.00 | 57.00 | 55.00 | 53.00 | 107.00 | 121.00 | 102.00 | 106.00 | 109.00 | 107.00 | 110.00 | 155.00 |
| Cash Conversion Cycle | 126.00 | 183.00 | 149.00 | 142.00 | 214.00 | 158.00 | 126.00 | 125.00 | 101.00 | 117.00 | 110.00 | 76.00 |
| Working Capital Days | 43.00 | 58.00 | 50.00 | 50.00 | 87.00 | 61.00 | 26.00 | 10.00 | -12.00 | -30.00 | -48.00 | -39.00 |
| ROCE % | 17.00 | 24.00 | 21.00 | 36.00 | 19.00 | 15.00 | 19.00 | 21.00 | 19.00 | 24.00 | 25.00 | 22.00 |
Corporate Actions
30 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 18 Jun 2026 | 18 Jun 2026 | — | 12.00 | |
| Other | 14 Nov 2025 | 14 Nov 2025 | — | — | Buy Back of Shares |
| Other | 14 Nov 2025 | 14 Nov 2025 | — | — | Buy Back |
| Dividend | 17 Jul 2025 | 17 Jul 2025 | — | 12.00 | |
| Dividend | 01 Jul 2024 | 01 Jul 2024 | — | 12.00 | |
| Dividend | 23 Jun 2023 | 24 Jun 2023 | — | 17.50 | |
| Other | 06 Apr 2023 | 08 Apr 2023 | — | — | Spin Off |
| Other | 06 Apr 2023 | 08 Apr 2023 | — | — | Demerger |
| Dividend | 22 Jun 2022 | 23 Jun 2022 | — | 5.00 | NSE/BSE dividend mismatch: BSE/NSE=10.0; BSE/NSE=5.0 |
| Dividend | 22 Jun 2022 | 23 Jun 2022 | — | 10.00 | NSE/BSE dividend mismatch: BSE/NSE=10.0; BSE/NSE=5.0 |
| Dividend | 10 Jun 2021 | 12 Jun 2021 | — | 5.50 | |
| Other | 26 Jun 2020 | 29 Jun 2020 | — | — | Annual General Meeting |
| Dividend | 24 Mar 2020 | 26 Mar 2020 | — | 3.00 | |
| Dividend | 22 May 2019 | 23 May 2019 | — | 5.00 | |
| Dividend | 23 May 2018 | — | — | 5.00 | |
| Dividend | 21 Jun 2017 | — | — | 3.50 | |
| Dividend | 09 Feb 2017 | 10 Feb 2017 | — | 1.50 | |
| Dividend | 11 Jul 2016 | — | — | 3.50 | |
| Dividend | 15 Jul 2015 | — | — | 2.20 | |
| Dividend | 07 Aug 2014 | — | — | 2.00 | |
| Dividend | 12 Sep 2013 | — | — | 2.00 | |
| Dividend | 06 Sep 2012 | — | — | 2.00 | |
| Dividend | 24 Aug 2011 | — | — | 2.00 | |
| Dividend | 31 Aug 2010 | — | — | 2.00 | |
| Dividend | 22 Dec 2009 | — | — | 2.00 | |
| Dividend | 02 Sep 2008 | — | — | 2.40 | |
| Dividend | 19 Jul 2007 | — | — | 2.70 | |
| Dividend | 08 Jun 2006 | — | — | 2.40 | |
| Dividend | 18 Aug 2005 | — | — | 2.00 | |
| Dividend | 27 Aug 2001 | — | — | 1.80 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update10 Aug from care
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Rating update7 Aug 2025 from care
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Rating update9 Sep 2024 from crisil
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Rating update6 Aug 2024 from care
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Rating update15 Nov 2023 from fitch
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Rating update12 Sep 2023 from crisil
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