Gujarat Petrosynthese Ltd (506858)
🎯 Key Takeaways
- Gujarat Petrosynthese Ltd appears to be in a structural decline phase, marked by shrinking top-line, persistent losses, and stagnant financials over multiple quarters despite a stable capital structure. The company has not generated profits in recent quarters, with negative operating cash flows and declining margins, suggesting operational headwinds rather than cyclical volatility.
- Revenue declined 13.7% QoQ to ₹5 in Q1FY23.
- ⚠️ Chronic revenue decline over six quarters with no signs of stabilization, persistent negative operating cash flows, and widening losses with negative
📖 The Story
Gujarat Petrosynthese Ltd appears to be in a structural decline phase, marked by shrinking top-line, persistent losses, and stagnant financials over multiple quarters despite a stable capital structure. The company has not generated profits in recent quarters, with negative operating cash flows and declining margins, suggesting operational headwinds rather than cyclical volatility.
📰 What's Happening
Management has not announced any new capacity expansions, order wins, or strategic initiatives in the latest filings. There has been no change in leadership or capital structure, and no M&A activity reported. The consistent promoter holding around 52.86% suggests stability in control, but foreign investor interest remains minimal with FII shareholding flat at 1.01% over the past year.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
|---|---|---|---|---|---|
| Revenue | 7 | 10 | 8 | 6 | 5 |
| Operating Profit | 0 | 1 | 0 | -0 | -0 |
| OPM % | 1.8% | 7.2% | 2.1% | -7.2% | -2.1% |
| Net Profit | 0 | 0 | 1 | -0 | 0 |
| EPS | ₹0.59 | ₹0.78 | ₹1.05 | ₹-0.37 | ₹0.44 |
Revenue has declined from ₹10 crore in September 2021 to ₹5 crore by June 2022, with operating margins turning negative and profitability eroding. Net income swung from ₹1 crore in December 2021 to a loss of ₹0.37 crore in March 2022, indicating deteriorating operational performance without any visible corrective measures from management.
🔮 Management Outlook & What's Next
There is no forward guidance or strategic outlook provided in the latest regulatory filings. Management has not addressed the declining revenue trend, margin compression, or future demand expectations in the earnings releases or investor presentations available through BSE/NSE disclosures.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2021 | Mar 2021 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 |
| Reserves | 33 | 38 | 39 | 40 |
| Borrowings | 0 | 0 | 0 | 0 |
| Total Liabilities | 40 | 45 | 48 | 48 |
| Fixed Assets | 2 | 2 | 2 | 2 |
| Investments | 17 | 23 | 23 | 23 |
| Total Assets | 40 | 45 | 48 | 48 |
The balance sheet remains extremely conservative with zero debt and minimal asset growth, suggesting a passive capital allocation strategy. Equity remains flat at ₹6 crore, with reserves slowly increasing, reflecting no reinvestment needs or financing activity. This implies management is not pursuing aggressive expansion or deleveraging, but rather maintaining a static position amid ongoing losses.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2022 |
|---|---|
| Operating | -2 |
| Investing | +2 |
| Financing | 0 |
| Net Cash Flow | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 52.0% | 52.4% | 52.9% | 52.9% |
| FII | 1.0% | 1.0% | 1.0% | 1.0% |
| DII | 8.0% | 8.0% | 7.7% | 7.5% |
| Public | 31.2% | 31.0% | 30.8% | 30.8% |
| # Shareholders | 19,308 | 19,212 | 19,115 | 19,112 |
Promoter holding has slightly increased to 52.86% from 52.05% over the past year, indicating confidence from insiders. However, FII ownership remains negligible at 1.01%, and DII has marginally declined, reflecting limited institutional confidence. The shareholder base is highly dispersed with over 19,000 investors, suggesting retail dominance and low liquidity.
⚖️ Peer Comparison — Plastic products
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| SUPREMEIND | 45,398 | 44.0 | 22.1% | 16.7% | 0.00 |
| ASTRAL | 40,535 | 70.4 | 20.0% | 14.2% | 0.04 |
| SHAILY | 14,945 | 84.5 | 33.8% | 32.3% | 0.34 |
| FINPIPE | 9,633 | 15.6 | 12.7% | 9.9% | 0.07 |
| TIMETECHNO | 9,411 | 18.5 | 20.9% | 17.2% | 0.22 |
| KINGFA | 8,169 | 36.2 | 39.9% | 31.0% | 0.05 |
| SAFARI | 7,500 | 45.4 | 19.8% | 14.8% | 0.00 |
| VIPIND | 4,312 | — | -43.7% | -130.7% | 1.42 |
| RESPONIND | 4,002 | 39.5 | 7.5% | 6.5% | 0.12 |
| PRINCEPIPE | 3,223 | 31.0 | 8.0% | 6.5% | 0.17 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
Chronic revenue decline over six quarters with no signs of stabilization, persistent negative operating cash flows, and widening losses with negative ROE and ROCE. The company operates in a capital-intensive chemical sector but lacks scale or pricing power, and there is no evidence of product diversification or cost optimization initiatives to reverse the trend.
🧠 Analyst's Read
The company is experiencing a quiet deterioration in fundamentals with no visible turnaround plan or management intervention. Without new growth drivers or operational restructuring, the current trajectory suggests continued underperformance. Investors should monitor for any shift in strategy or improvement in cash flow generation, but structural challenges appear entrenched.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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