GHCL Limited share price

Key numbers

Market cap

₹ 3,848 Cr

Current price

₹ 419.80

52-week high / low

₹ 667 / 415

Stock P/E

7.5

Book value

₹ 395.2

Dividend yield

2.86%

ROCE

18.0%

ROE

13.4%

Debt to equity

0.02

Sales growth (3 yrs)

-12.3%

Profit growth (3 yrs)

-25.5%

1-year return

-29.8%

About GHCL Limited

GHCL Limited, together with its subsidiaries, manufactures and trades inorganic chemicals in India and internationally. The company offers light soda ash, a basic industrial alkali chemical used in powdered, paste, soap and detergents, pulp and paperand chemical 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.

Quarterly results

Consolidated figures in ₹ crores

Concall summary (2026-08-06)

AI summary of the earnings call transcript · tone: Neutral · source document

Guidance & outlook

• Going forward, we expect margin to moderate from current level and revert to more normalized trend driven by the domestic demand, higher captive industry production and softening realization.
• GHCL Limited August 03, 2026 We have net cash surplus of more than INR1,000 crores at the end of Q1 FY27.

Growth & demand

• These are more of like a dumping kind of situation for them because of the global demand - supply situation is in favor of the demand because the demand is lower than the supply.
• So roughly 8% to 9% of demand is what we are projecting that it would be.

Margins & costs

• Operating margin for the current quarter are elevated, supported primarily by better realization and the benefit of lower cost input inventory, with volume having played a lesser role.
• EBITDA margin improved to 29.1% compared to 23.9% in Q4 of last year and 27.3% in Q1 of last year.

Capex & expansion

• Going forward, the Indian soda ash industry has been a structural demand opportunity from solar glass capacity build -out, where capacity additions are creating a sustained and visible requirement for soda ash.
• We are reasonably confident that both plants operat ing at their intended capacity level in the course of this financial year.

Balance sheet & cash

• True to our tradition, shareholders once again received their dividend on the very first day of our AGM on the day of our AGM.
• So, one is just on the dividend payout policy for us.

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