1. India Stocks

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    Basic Materials

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    Chemicals
GHCL Limited

GHCL Limited

GHCL.NS
GHCL LimitedIN flagNational Stock Exchange of India
426.50
INR
-2.95
- -
39.29BMarket Cap
GHCL Limited
GHCL.NS
(National Stock Exchange of India)

Recent

price

426.50

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
333.36
324.79
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
50.15
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
44.97
- -
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
12.18
- -
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
358.01
372.79
- -
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
366.06
376.99
- -
Tangible Book Value per Share
100
100
100
100
100
100
100
98
98
98
95
95
95
95
95
94
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
31,764
30,597
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
24.16
18.91
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
19.65
15.44
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
16.86
11.75
- -
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
19.14
13.44
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
13.65
- -
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
68,861
58,583
58,456

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
3.96%
7.14%
-3.67%
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
31,764
2026
7,959
7,565
7,905
- -
30,597

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
- -
50.15

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
17.49
2025
- -
- -
- -
- -
12
2026
- -
- -
- -
- -
12.18
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Business
GHCL Limited manufactures soda ash, sodium bicarbonate, industrial and edible salts; it operates in the chemicals and consumer products sectors with a soda ash plant at Sutrapada, Gujarat boasting 1.2 million MTPA capacity expanding by 0.5 million MTPA by end-2025, lignite mines at Khadsaliya, Gujarat, salt works at Vedaranyam, Tamil Nadu and a refinery in Chennai. Soda ash products include light and dense grades marketed under the LION brand for detergents, glass, ceramics; sodium bicarbonate serves bakery, pharma, fire extinguishers, cleaning agents at 0.12 million MTPA; edible and industrial salts are sold under i-FLO and Sapan brands. Founded in 1983 and headquartered in Ahmedabad, Gujarat, the company pursues geographic expansion in Kutch with a Rs 350 crore salt field investment and a Rs 6,500 crore greenfield soda ash project of 1.1 million MTPA; recent developments encompass a 2024 sustainability partnership with GreenLine for decarbonization, a Rs 300 crore equity buyback at Rs 725 per share opening November 20, 2025, and ongoing debt reduction to near debt-free status.