Gujarat Polysol Chemicals IPO

Gujarat Polysol Chemicals has filed its preliminary papers with Securities and Exchange Board of India (SEBI) to raise funds worth Rs.414 crores via I...

Status: Upcoming

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Gujarat Polysol Chemicals IPO Details

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About Gujarat Polysol Chemicals

Last Updated: 10 October 2023 6:05 PM by rahul_raskar

The company is among the leading suppliers of dispersing agents in the Infra-tech, dye and pigments, and textile and leather industries and a leading supplier of powder surfactants in India.
It is also amongst the leading manufacturers of poly carboxylate ether (PCE) liquid in India and one of the few manufacturers of PCE powder globally and the only manufacturer of PCE powder in India.
The wide range of chemicals and intermediates that it manufactures can be classified, based on the end use industry (Application Industries and each an application industry), as follows:

1. Infra-tech (construction) chemicals
2. Agro-chemicals (pesticide formulations)
3. Dyes, pigments and textile chemicals
4. Leather chemicals

The company manufactures an aggregate of 130 products (in liquid and powder forms) including sulphonated naphthalene formaldehyde, sulphonated melamine formaldehyde, sulphonated acetone formaldehyde, cellulose nanofibers, alkyl aryl sulphonate and acrylic syntans.
The company has 3 Manufacturing Facilities, located in Vapi and Sarigam in the State of Gujarat and a unit located in the Union Territory of Dadra & Nagar Haveli and Daman and Diu.

Gujarat Polysol Chemicals Financial Status

Profit and Loss

Revenue
EBITDA
PAT

Balance Sheet

Total Liabilities
Share Capital
Total Assets

Particulars (in Rs. Crores)	FY21	FY20	FY19
Revenue	379.6	440.5	438.8
EBITDA	64.3	38.7	64.3
PAT	39.8	20.2	12.8

Particulars (in Rs. Crores)	FY21	FY20	FY19
Total Assets	314.5	266.5	273.5
Shareholder's Fund	4.0	2.6	2.6
Total Liabilities	77.1	69.4	78.2

Particulars (in Rs. Crores)	FY21	FY20	FY19
Net cash generated from / (used in) operating activities	9.6	28.0	16.7
Net cash from / (used in) investing activities	-13.3	-10.4	-11.9
Net cash flow from / (used in) financing activities	3.3	-17.1	-6.2
Net increase (decrease) in cash and cash equivalents	-0.5	0.5	-1.4

Peer Comparison

Name of the company	Total Revenue (in Rs. crores)	Basic EPS	NAV Rs. per share	PE	RoNW %
Gujarat Polysol Chemicals Limited	379.61	20.98	65.5	NA	32.02%
Himadri Speciality Chemicals Ltd	1,679.46	1.13	42.78	36.86	2.64%
BASF India Limited	9,558.34	127.7	404.06	16.21	31.06%

Gujarat Polysol Chemicals IPO SWOT Analysis

Strengths

1. Strong and diversified customer base and has established long term relationships with various Swiss, US and German multinational and domestic companies
2. Greatly rely on constant R&D for developing or innovating new formulations or products
3. Extensive manufacturing capabilities of products with stringent quality norms and procedures

Risks

1. The loss of one or more of our significant customers or a significant reduction in production and sales of, or demand for our production from our significant customers
2. The availability of raw materials on commercially acceptable terms
3. Adverse change(s) in government policies, in particular, policies pertaining to import of raw materials that are used in our business or products manufactured by us
4. Any downturn in one or more of industries / sectors to which we cater;
5. Absence of any firm commitment long-term agreements with our customers

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