GHCL Limited is a leading producer of soda ash in India and the total Soda Ash business contributes ~98.30% of total standalone revenue of the company.[1]
Product Mix
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SRF | 3018.50 | 55.34 | 89475.79 | 0.24 | 388.18 | 92.72 | 3640.19 | 6.30 | 12.27 | 15263.46 | 20.84 | 1617.64 | 388.18 | 6.77 | 5.95 | 0.35 |
| 2. | Tata Chemicals | 759.50 | 59.35 | 19349.05 | 1.42 | 154.00 | -49.38 | 3877.00 | -3.05 | 3.96 | 14695.00 | 13.25 | 325.83 | 98.21 | 0.88 | 1.16 | 0.34 |
| 3. | Deepak Fertilis. | 1202.05 | 15.43 | 15174.38 | 0.83 | 214.02 | 1.48 | 3005.83 | 9.43 | 15.67 | 10910.95 | 17.81 | 984.32 | 213.20 | 2.33 | 7.47 | 0.68 |
| 4. | G N F C | 478.85 | 11.03 | 7036.24 | 3.74 | 179.00 | 70.48 | 1968.00 | 2.66 | 9.57 | 7523.00 | 7.82 | 636.00 | 179.00 | 0.82 | 5.49 | 0.00 |
| 5. | GHCL | 551.10 | 8.86 | 5066.48 | 2.18 | 107.36 | -30.61 | 721.29 | -9.02 | 24.05 | 3077.36 | 26.09 | 573.09 | 107.36 | 1.47 | 15.02 | 0.03 |
| 6. | Tanfac Inds. | 4490.00 | 47.67 | 4478.80 | 0.20 | 17.18 | -11.03 | 168.69 | 51.28 | 41.76 | 694.82 | 20.42 | 94.07 | 17.18 | 13.19 | 23.90 | 0.09 |
| 7. | Chemplast Sanmar | 275.25 | – | 4351.91 | 0.00 | -51.04 | -63.28 | 1033.20 | 4.07 | 1.83 | 4341.53 | 2.97 | -218.28 | -51.04 | 2.26 | -1.78 | 0.97 |
| – | Median: 38 Co. | 227.23 | 17.57 | 640.81 | 0.3 | 8.3 | 0.73 | 159.19 | 3.87 | 9.5 | 610.99 | 10.66 | 29.24 | 8.3 | 1.46 | 4.85 | 0.18 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,176 | 1,102 | 1,120 | 1,019 | 805 | 798 | 823 | 830 | 793 | 779 | 781 | 796 | 721 |
Expenses | 770 | 735 | 771 | 719 | 592 | 648 | 639 | 614 | 582 | 549 | 563 | 599 | 564 |
Operating Profit | 407 | 367 | 349 | 299 | 213 | 150 | 184 | 217 | 211 | 230 | 218 | 197 | 157 |
Other Income | 10 | 1 | -11 | 230 | 11 | 14 | 16 | 18 | 17 | 29 | 26 | 27 | 18 |
Profit before tax | 385 | 336 | 301 | 497 | 191 | 133 | 170 | 203 | 196 | 227 | 212 | 195 | 145 |
Tax % | 25% | 26% | 27% | 14% | 25% | 25% | 26% | 26% | 21% | 26% | 28% | 26% | 26% |
Net Profit | 290 | 249 | 218 | 426 | 143 | 100 | 125 | 151 | 155 | 168 | 153 | 145 | 107 |
EPS in Rs | 30.39 | 26.07 | 22.84 | 44.59 | 14.93 | 10.44 | 13.02 | 15.72 | 16.16 | 17.58 | 15.94 | 15.07 | 11.17 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,208 | 2,356 | 2,532 | 2,754 | 2,882 | 3,371 | 3,256 | 2,491 | 3,052 | 4,551 | 3,447 | 3,183 | 3,077 |
Expenses | 1,780 | 1,834 | 1,904 | 2,067 | 2,268 | 2,601 | 2,518 | 1,886 | 2,321 | 3,048 | 2,596 | 2,306 | 2,275 |
Operating Profit | 429 | 522 | 628 | 687 | 614 | 770 | 738 | 606 | 731 | 1,503 | 851 | 877 | 803 |
Other Income | -25 | -15 | -6 | 34 | 35 | 14 | 15 | 1 | 197 | 97 | 269 | 90 | 99 |
Interest | 172 | 165 | 163 | 134 | 124 | 126 | 118 | 74 | 51 | 39 | 27 | 17 | 12 |
Depreciation | 82 | 84 | 82 | 86 | 110 | 116 | 131 | 111 | 87 | 94 | 102 | 112 | 111 |
Profit before tax | 150 | 258 | 378 | 502 | 415 | 541 | 504 | 421 | 789 | 1,467 | 991 | 838 | 779 |
Net Profit | 116 | 183 | 257 | 387 | 365 | 361 | 406 | 310 | 637 | 1,117 | 794 | 626 | 573 |
EPS in Rs | 11.63 | 18.30 | 25.66 | 38.72 | 37.42 | 36.84 | 42.79 | 32.63 | 66.80 | 116.81 | 82.90 | 65.40 | 59.76 |
Dividend Payout % | 17% | 12% | 14% | 13% | 13% | 14% | 7% | 17% | 22% | 15% | 14% | 18% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 100 | 100 | 100 | 99 | 97 | 98 | 95 | 95 | 95 | 96 | 96 | 96 | 96 |
Reserves | 760 | 670 | 933 | 1,252 | 1,525 | 1,854 | 2,091 | 2,407 | 2,857 | 3,838 | 2,874 | 3,387 | 3,535 |
Borrowings | 1,309 | 1,324 | 1,325 | 1,431 | 1,314 | 1,292 | 1,254 | 782 | 782 | 361 | 210 | 119 | 97 |
Other Liabilities | 709 | 698 | 550 | 686 | 689 | 760 | 761 | 707 | 1,258 | 830 | 581 | 578 | 540 |
Total Liabilities | 2,878 | 2,791 | 2,908 | 3,468 | 3,625 | 4,004 | 4,201 | 3,991 | 4,992 | 5,125 | 3,761 | 4,179 | 4,268 |
Fixed Assets | 1,868 | 1,932 | 2,048 | 2,399 | 2,492 | 2,581 | 2,655 | 2,675 | 2,469 | 1,731 | 1,842 | 1,844 | 1,842 |
Gross Block | 2,915.82 | 3,060.13 | 2,126.86 | 2,536.74 | 2,722.43 | 2,907.11 | 3,082.70 | 3,229.29 | 3,031.36 | 2,294.35 | 2,493.33 | 2,589.06 | – |
Accumulated Depreciation | 1,048.27 | 1,127.78 | 79.36 | 137.69 | 230.88 | 325.63 | 428.11 | 554.46 | 562.68 | 562.91 | 651.68 | 745.28 | – |
CWIP | 12 | 7 | 37 | 26 | 74 | 117 | 122 | 81 | 213 | 109 | 55 | 256 | 370 |
Investments | 8 | 2 | 6 | 9 | 10 | 47 | 34 | 40 | 17 | 380 | 420 | 651 | 831 |
Other Assets | 990 | 850 | 817 | 1,034 | 1,049 | 1,258 | 1,390 | 1,196 | 2,294 | 2,905 | 1,444 | 1,429 | 1,224 |
Total Assets | 2,878 | 2,791 | 2,908 | 3,468 | 3,625 | 4,004 | 4,201 | 3,991 | 4,992 | 5,125 | 3,761 | 4,179 | 4,268 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 158 | 290 | 494 | 445 | 564 | 561 | 628 | 620 | 639 | 899 | 797 | 638 |
Cash from Investing Activity | -83 | -127 | -249 | -374 | -279 | -306 | -215 | -109 | -344 | -440 | -534 | -358 |
Cash from Financing Activity | -65 | -170 | -236 | -103 | -281 | -259 | -328 | -568 | -97 | -529 | -338 | -230 |
Net Cash Flow | 10 | -7 | 9 | -32 | 4 | -5 | 85 | -57 | 198 | -70 | -75 | 50 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 41 | 36 | 43 | 36 | 41 | 40 | 37 | 33 | 18 | 19 | 24 |
Inventory Days | 162 | 160 | 154 | 166 | 172 | 168 | 186 | 238 | 293 | 177 | 185 | 217 |
Days Payable | 167 | 150 | 108 | 109 | 112 | 103 | 104 | 121 | 106 | 56 | 55 | 57 |
Cash Conversion Cycle | 44 | 51 | 82 | 101 | 96 | 107 | 122 | 154 | 219 | 139 | 149 | 183 |
Working Capital Days | -33 | -39 | -41 | -28 | -10 | 11 | 26 | 60 | 21 | 49 | 49 | 57 |
ROCE % | 16% | 21% | 25% | 25% | 19% | 22% | 19% | 15% | 19% | 36% | 21% | 24% |
Direct from BSE filings, auto-summarised
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