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← CockpitCompetitor Analysis › GHCL.NS GHCL LimitedOpen in the cockpit ↗

GHCL LimitedGHCL.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Textiles
Momentum neutral 41
Mkt cap
$406M
US dollars, full cap
Free float
58%
of shares outstanding
$/day
$562,201
20-day average traded
Fwd P/E
7.7×
forward earnings
ROIC−WACC
+2.3 pp
WACC 14.7%
Hurdle
-7 pp
Req g minus delivered
Next earnings
84 days
29 Jan 2027
Close · INR₹417.10
1D-0.6%
1W+10.6%
1M+4.6%
3M-4.8%
6M-20.9%
YTD-26.1%
1Y-35.4%
ATR %3.0%
Beta0.95
52w lowhigh35.8% off high

What GHCL does

Employees: 3,439

GHCL at a glance

Size GHCL (GHCL.NS) is an India Materials company (Textiles) with a market value of $406M, the 933rd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹417.10 on 6 Nov 2026.

Performance Over six months the shares fell 20.9%, against +15.7% for the median peer and 0.0% for the India market (cap-weighted) — 4th lowest of 15 in its peer set.

Growth Revenue grew 1.7% over the last twelve months (peer median +2.6%); the operating margin is 19.8% (peer median 6.9%).

Valuation It trades at 7.7× forward earnings against a peer median of 20.1× (2nd cheapest of 11).

Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -7 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.3 points above its cost of capital (14.7% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 116GHCL.NS 82
Six months, rebased to 100: GHCL against the median of its 15 peers (local-currency closes).

GHCL financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹31.3B₹30.6B₹31.8B₹34.4B₹45.4B
Revenue growth—-4%-8%-24%—
Gross profit₹11.7B₹9.96B₹11.7B₹11.3B₹17.7B
EBITDA₹7.32B₹7.08B₹9.07B₹8.68B₹15.1B
Net income₹5.40B₹4.72B₹6.24B₹7.94B₹11.4B
Free cash flown/a₹4.40B₹3.41B₹6.79B₹4.56B
Capital expendituren/a₹2.64B₹3.15B₹1.06B₹3.58B
Total debt₹700M₹833M₹1.19B₹2.10B₹3.61B

Quarterly statements and history in the cockpit →

GHCL competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%JINDWORLDNITINSPINFILATEXALOKINDSMAYURUNIQSANATHANSANGAMINDRAYMOND120110ICILABRELTRIDENTARVINDVTLGHCL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. GHCL is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%0×25×50×75×NITINSPINMAYURUNIQSANATHANRAYMOND120110ICILTRIDENTARVINDGHCL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. GHCL is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%JINDWORLDNITINSPINFILATEXMAYURUNIQ120110ICILABRELGHCL.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. GHCL is the large dot.

GHCL competitors and peer comparison

How GHCL compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

GHCL against its 15 peers (data as of 6 Nov 2026)
MeasureGHCL.NSPeer medianRank in peer set
1-month return+4.6%-5.2%4th highest of 16
6-month return-20.9%+15.7%4th lowest of 15
Distance from 52-week high-35.8%-19.2%5th lowest of 16
Revenue growth (TTM)+1.7%+2.6%7th lowest of 15
Operating margin19.8%6.9%2nd highest of 15
Forward P/E7.7×20.1×2nd cheapest of 11
Growth the price implies (Req g, 7 yrs)-2.5%20.8%least demanding of 10
Growth delivered (Del g)+4.2%+10.5%3rd lowest of 10
Hurdle (Req g minus delivered)-6.8 pp+8.2 pp2nd least demanding of 10
ROIC minus cost of capital+2.3 pp-3.0 pp4th highest of 15
EV / EBITDA3.9×12.9×cheapest of 13
Net debt / EBITDA-1.4×1.6×least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
GHCL GHCL.NSIndia$406M-21%+2%20%7.7×-2.5%+4.2%
Jindal Worldwide JINDWORLD.NSIndia$399M+39%-2%5%n/a21.9%+6.0%
Nitin Spinners NITINSPIN.NSIndia$390M+33%0%11%12.8×6.8%+14.7%
Filatex India FILATEX.NSIndia$427M+100%0%6%n/a20.8%+13.3%
Alok Industries ALOKINDS.NSIndia$442M-41%+6%-4%n/an/an/a
Mayur Uniquoters MAYURUNIQ.NSIndia$344M+23%+16%22%14.7×14.8%+13.6%
Sanathan Textiles SANATHAN.NSIndia$500M+21%+77%5%23.2×n/an/a
Sangam (India) SANGAMIND.NSIndia$310M+10%+12%9%n/an/an/a
Kusumgar KUSUMGAR.NSIndia$612Mn/an/an/a34.7×n/an/a
Raymond RAYMOND.NSIndia$761M+111%-6%6%79.4×n/an/a
Kolon Ind 120110.KSSouth Korea$858M-61%+2%4%4.9×4.2%+4.2%
Indo Count Industries ICIL.NSIndia$1.03B+68%+19%8%29.7×31.4%+10.5%
Aditya Birla Real Estate ABREL.NSIndia$1.26B-33%-26%-19%n/a39.6%-30.9%
Trident TRIDENT.NSIndia$1.29B-11%-4%11%17.1×18.5%+7.9%
Arvind ARVIND.NSIndia$1.43B+10%+19%8%26.6×21.1%+12.8%
Vardhman Textiles VTL.NSIndia$1.56B-15%+3%9%12.0×n/an/a

Questions

Which companies are GHCL's closest peers?
The cockpit's peer set: Jindal Worldwide (JINDWORLD.NS), Nitin Spinners (NITINSPIN.NS), Filatex India (FILATEX.NS), Alok Industries (ALOKINDS.NS), Mayur Uniquoters (MAYURUNIQ.NS), Sanathan Textiles (SANATHAN.NS), Sangam (India) (SANGAMIND.NS), Kusumgar (KUSUMGAR.NS).
Is GHCL expensive compared with its peers?
On forward p/e it trades at 7.7× against a peer median of 20.1×, 2nd cheapest of 11 in its peer set. For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -7 pp: the price already allows for a slowdown.
How has GHCL stock performed?
Over six months to 6 Nov 2026 the shares returned -20.9% against +15.7% for the median peer; over one year -35.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.