Gujarat Alkalies and Chemicals Limited — Cyborg Score 5/10
Mixed
Specialty & Commodity Chemicals Manufacturing
Strategic Profile
Manufacturing facilities are located at Dahej and Vadodara in Gujarat. The company exports to 55 countries across Europe, West Asia, Africa, and SAARC regions and has invested in renewable energy with 171.45 MW of wind power capacity since 1989. The company is pursuing green chemistry initiatives and diversification to mitigate cyclical caustic soda demand.
Cyborg Score Rationale
2024 revenue grew 7% to ₹40.73B, with net losses narrowing to -₹651.2M from -₹2.4B prior year, showing improvement trajectory. However, negative profitability, negative ROE of -1%, and underperformance vs. industry/market benchmarks indicate structural challenges requiring operational turnaround.
Top Insights
Q2 FY2025 posted ₹163.4M net profit, reversing prior-year loss, with revenue rising to ₹10.83B but EBITDA margin compressing to 6.8%
Acquired 26% stake in Cleanmax Sphere Energy's 75.9 MW hybrid renewable power project for ₹194.2 crore for captive use
Healthy balance sheet with debt-to-equity of only 5%, providing financial flexibility for investments
Stock underperformed Indian chemicals industry (-11.8% YoY) and broader market (-9.5% YoY), indicating sector headwinds
Named Competitors
Caustic Soda & Chlorine Products — Global chlor-alkali competitors
Specialty Chemicals — Indian specialty chemical manufacturers
Water Treatment Chemicals — Domestic water treatment solutions
Recent Developments
(January 2026) Director resignation due to superannuation; SEBI disclosure completed
(December 2025) Investor meeting with Antique Stock Broking; green technology presentation updates