1. India Stocks

  2. •

    Basic Materials

  3. •

    Chemicals
GHCL Limited

GHCL Limited

GHCL.BO
GHCL LimitedIN flagBombay Stock Exchange
443.65
INR
-3.15
- -
40.79BMarket Cap
GHCL Limited
GHCL.BO
(Bombay Stock Exchange)

Recent

price

443.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
158.77
197.43
227.45
224.72
237.32
253.01
278.39
292.76
341.28
337.54
262.19
320.42
477.43
361.11
334.08
- -
330.34
Revenue per Share
-0.96
4.45
7.14
10.85
18.31
25.77
38.01
36.49
35.81
40.51
34.32
68.24
120.06
83.43
65.5
- -
64.79
Basic EPS, GAAP
11.56
36.53
36.57
36.75
27.82
25.75
45.82
57.79
25.26
41.73
53.58
32.12
52.44
72.57
33.9
- -
- -
Free Cash Flow per Basic Share
2.32
2.32
2.33
2.33
2.34
2.23
5.06
3.5
5.01
7.92
0.09
5.46
15.01
17.49
12
- -
- -
Dividend per Share
11.33
13.66
17.31
24.6
59.12
82.15
113.93
148.92
178.46
207.61
248.15
303.24
408.8
305.21
357.99
- -
- -
Book Value per Share
47.85
44.26
56.07
58.64
80.44
103.52
134.5
164.35
195.81
218.73
245.92
309.14
415.85
312.89
366.04
- -
- -
Tangible Book Value per Share
100
100
100
100
100
100
100
98
98
98
95
95
95
95
95
- -
95
Basic Weighted Avg Shares
15,880
19,746
22,750
22,476
23,736
25,307
27,838
28,592
33,413
33,051
24,912
30,521
45,395
34,362
31,835
30,642
31,489
Sales/Revenue/Turnover
13.16
12.22
14.67
15.9
19.04
21.98
21.67
15.65
19.62
18.28
20.02
21.3
31.03
21.78
24.01
18.86
23.67
Operating Margin (%)
1,003
1,065
821
817
849
817
857
1,095
1,169
1,312
1,334
1,319
1,346
1,021
1,115
1,108
1,110
Depreciation Expense
-96
445
714
1,085
1,832
2,577
3,800
3,564
3,506
3,966
3,261
6,500
11,416
7,939
6,242
4,725
6,176
Net Income, GAAP
131.17
2.59
26.04
23.86
29.17
32.11
23.26
12.53
33.93
19.81
26.62
25.43
23.73
19.93
25.35
26.45
25.35
Effective Tax Rate (%)
-0.6
2.25
3.14
4.83
7.72
10.18
13.65
12.46
10.49
12
13.09
21.3
25.15
23.1
19.61
15.42
19.61
Profit Margin (%)
-2,220
-3,940
-1,999
-2,694
-2,179
-2,444
-1,901
-714
1,305
3,450
4,624
9,812
24,840
13,656
15,854
14,825
- -
Working Capital
12,762
10,899
9,904
8,851
7,813
6,750
6,980
7,443
7,020
8,218
5,772
4,425
2,551
1,263
806
530
- -
LT Debt
5,454
4,820
5,666
5,873
8,049
10,359
13,465
16,108
19,255
21,490
23,426
29,473
39,558
29,785
34,889
35,519
- -
Total Equity
-2.55
10.28
11.69
13.58
15.2
16.3
17.77
13.63
14.05
14.59
11.21
14.11
26.64
15.97
16.79
11.74
- -
Return on Invested Capital (%)
-2.87
13.29
4.1
13.48
15.73
16.79
19.76
16.67
14.38
15.15
11.81
20.01
29.47
22.09
19.15
25.86
183.35
Return on Capital (%)
-5.4
35.6
46.08
51.78
43.75
36.48
38.76
27.48
21.9
20.98
14.86
24.78
33.7
23.38
19.77
26.97
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
383
- -
LT Borrowings
- -
615
- -
LT Finance Leases
- -
190
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
96
- -
Market Capitalization
68,913
58,512
58,465

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
19,536
- -
Cash, Cash Equivalents & STI
- -
10,737
- -
Accounts Receivable, Net
- -
2,098
- -
Inventories
- -
6,256
- -
Total Current Liabilities
- -
3,681
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
383
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.4%
10.85%
1.81%
Free Cash Flow
17.42%
7.9%
31.16%
Net Income, GAAP
13.37%
19.76%
-24.3%
Sales/Revenue/Turnover
3.97%
7.17%
-3.75%
Total Cash Common Dividend
657.61%
1,295.97%
0.33%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,186
8,061
7,984
8,165
34,362
2025
8,305
7,928
7,787
7,815
31,835
2026
7,959
7,565
7,905
- -
30,642

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44.82
15.02
10.5
- -
83.43
2025
15.81
16.28
17.7
15.72
65.5
2026
15.1
11.26
12.28
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17.49
2025
- -
- -
- -
- -
12
2026
- -
- -
- -
- -
- -
Similar Companies
Nanjing Chemical Fibre Co.,Ltd (600889.SS)
Tronox Holdings plc (TROX)
Shin-Etsu Chemical Co., Ltd. (SHECF)
Jinan Acetate Chemical Co., Ltd. (4763.TW)
Luminescence Technology Corp. (6729.TWO)
Evonik Industries AG (EVK.SW)
Business
GHCL Limited manufactures soda ash, sodium bicarbonate, and industrial and edible salts in India. The company produces light and dense grades of soda ash under the LION brand for use in detergents, glass, ceramics, soap, pulp and paper, and other industries; sodium bicarbonate in food, feed, technical, and pharma grades for bakery, pharmaceuticals, fire extinguishers, and cleaning agents; and edible and industrial salts under the i-FLO and Sapan brands, including refined iodised salt, crystal salt, herbal salt, and iron-fortified variants. Incorporated in 1983 and headquartered in Noida, Uttar Pradesh, with key facilities in Gujarat and Tamil Nadu, GHCL operates lignite mines in Bhavnagar district, Gujarat, and a soda ash plant in Sutrapada, Gujarat, with 1.2 million MTPA capacity; it expands this capacity by 0.5 million MTPA by end-2025, plans a Rs 350 crore salt field in Kutch and a Rs 6,500 crore greenfield 1.1 million MTPA soda ash project in Kutch, and announced a Rs 300 crore equity buyback in November 2025 at Rs 725 per share. In October 2024, GHCL partnered with GreenLine for sustainable logistics to cut Scope 3 emissions; it also collaborates with AuthBridge for supplier ESG compliance. The company serves domestic and export markets in chemicals and consumer products segments.