Galaxy Surfactants Limited

BSE: GALAXYSURF540935ISIN INE600K01018

Commodities
Specialty Chemicals
BSE 1000

Share price

₹2,269.80+23.55 (+1.05%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹2,692.00
52W low: ₹1,512.30
Off 52W high: -15.68%
1M return: -2.67%
3M return: +13.17%
6M return: +18.89%
1Y return: +0.01%
20D avg volume: 1,728
50 DMA: ₹2,291.12
200 DMA: ₹1,987.52

Key ratios Consolidated

Market cap: ₹8,048 Cr
Current price: ₹2,269.80
52W high / low: ₹2,692.00 / ₹1,512.30
Face value: ₹10.00
P/E: 22.75
P/B: 2.93
EPS (TTM): ₹99.79
Book value / share: ₹774.28
ROE: —
ROCE: 12.70%
Operating margin: —
Net margin: —
Debt / equity: 0.06
Net debt: ₹55.37 Cr
Interest cover: 11.75
Dividend yield: 0.97%
Dividend / share (TTM): ₹22.00
Payout: 22.05%
Cash conversion cycle: 62.1 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,782	1,315	1,329	1,326	1,278	1,145	1,042	1,063	974.06	929.00	940.49	983.12
	3.28	0.28	4.80	5.79	11.23	7.75	3.97	8.69	5.40	23.91	6.38	2.68
	1,785	1,315	1,334	1,332	1,289	1,153	1,046	1,072	979.46	952.91	946.87	985.80
	1,578	1,235	1,249	1,253	1,190	1,053	968.76	967.19	880.52	858.95	859.03	888.30
	1,292	967.40	954.45	1,015	926.49	809.21	744.03	708.93	617.88	632.71	620.00	633.61
	27.17	24.19	22.03	22.95	19.97	18.37	21.25	21.11	18.83	12.95	11.51	13.33
	100.14	83.94	80.15	80.52	83.49	75.82	73.81	75.97	76.94	71.95	67.60	64.59
	9.28	8.48	8.54	7.28	6.55	6.22	4.96	4.09	3.98	5.39	5.90	5.41
	35.97	33.22	30.69	29.81	29.32	28.34	27.68	27.76	26.56	26.22	25.13	24.66
	172.23	134.02	131.49	133.89	127.81	133.77	144.70	146.76	126.06	129.45	118.86	119.83
	207.23	80.19	84.92	79.20	99.21	100.12	76.90	104.49	98.94	93.96	87.84	97.50
	0.00	0.00	-11.88	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	207.23	80.19	73.04	79.20	99.21	100.12	76.90	104.49	98.94	93.96	87.84	97.50
	41.31	17.76	14.07	12.71	19.72	24.25	12.29	19.78	19.22	16.46	16.47	20.08
	165.92	62.43	58.97	66.49	79.49	75.87	64.61	84.71	79.72	77.50	71.37	77.42
	46.80	17.60	16.63	18.75	22.42	21.40	18.22	23.90	22.48	21.86	20.13	21.84
Key metrics
	252.48	121.89	112.27	116.29	135.08	134.68	109.54	136.34	129.48	125.57	118.87	127.57
	14.20%	9.30%	8.40%	8.80%	10.60%	11.80%	10.50%	12.80%	13.30%	13.50%	12.60%	13.00%
	9.30%	4.70%	4.40%	5.00%	6.20%	6.60%	6.20%	8.00%	8.20%	8.30%	7.60%	7.90%
	—	3.10%	—	3.30%	—	4.30%	—	—	—	—	—	—
	39.40%	14.80%	27.60%	24.80%	31.20%	23.20%	10.80%	8.10%	—	—	—	—
	108.70%	-17.70%	-8.70%	-21.50%	-0.30%	-2.10%	-9.50%	9.40%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	5,752	5,248	4,224	3,794	4,445	3,686
	14.15	22.10	25.81	35.46	9.85	12.51
	5,766	5,270	4,249	3,830	4,455	3,698
	5,315	4,927	3,869	3,454	3,982	3,369
	4,229	3,864	2,880	2,495	2,971	2,668
	96.34	89.14	79.56	52.23	73.78	66.02
	344.75	328.10	302.54	275.46	248.05	211.81
	33.58	30.85	19.25	22.40	21.70	12.85
	129.69	123.00	110.34	99.81	83.48	71.06
	571.63	527.25	551.29	478.71	528.83	484.67
	451.54	343.52	380.45	375.47	472.95	329.31
	-11.88	-11.88	0.00	0.00	0.00	0.00
	439.66	331.64	380.45	375.47	472.95	329.31
	85.85	64.26	75.54	74.00	91.97	66.53
	353.81	267.38	304.91	301.47	380.98	262.78
	99.78	75.41	86.00	85.03	107.46	74.12
Key metrics
	602.93	485.49	510.04	497.68	578.13	413.22
	10.48%	9.30%	12.10%	13.10%	13.00%	11.20%
	6.15%	5.10%	7.20%	7.90%	8.60%	7.10%
	—	12.70%	16.10%	—	—	—
	27.05%	24.30%	11.30%	-14.60%	20.60%	—
	16.13%	-12.30%	1.10%	-20.90%	45.00%	—
	—	195.71	201.85	—	—	—
	—	1.24	1.38	—	—	—
	—	0.06	0.06	—	—	—
	—	55.37	-51.57	—	—	—
	—	62.1	68.3	—	—	—
Balance sheet
	—	3,874	3,462	—	—	—
	—	2,457	2,102	—	—	—
	—	109.12	193.41	—	—	—
	—	750.38	686.47	—	—	—
	—	793.72	723.88	—	—	—
	—	142.42	157.94	—	—	—
	—	1,165	1,024	—	—	—
	—	650.88	619.95	—	—	—
	—	1,016	978.31	—	—	—
	—	164.49	141.84	—	—	—
	—	158.78	124.71	—	—	—
	—	5.71	17.13	—	—	—
	—	2,745	2,363	—	—	—
Cash flow
	—	332.66	420.51	—	—	—
	—	-377.58	-294.59	—	—	—
	—	-51.02	-157.31	—	—	—
	—	136.95	218.66	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,266	928.34	867.69	918.97	874.07	814.25	727.32	782.20	677.50	705.74	673.35	713.28
	6.76	6.17	3.93	13.05	6.48	6.69	5.54	13.21	1.01	4.36	8.72	3.89
	1,272	934.51	871.62	932.02	880.55	820.94	732.86	795.41	678.51	710.10	682.07	717.17
	1,130	876.96	832.42	873.38	822.09	761.62	693.68	716.59	631.06	653.87	613.53	644.17
	952.86	738.09	645.65	746.15	672.30	618.59	558.96	561.59	449.71	504.56	496.30	503.54
	6.36	3.53	6.82	8.10	5.24	2.58	5.86	5.30	7.39	5.30	4.73	6.75
	52.58	47.34	43.44	44.64	46.20	40.59	42.53	43.93	44.03	39.46	39.27	36.94
	8.73	7.80	7.75	6.35	5.72	5.34	4.45	3.37	3.43	2.88	3.47	2.70
	22.99	20.65	18.74	17.93	18.04	17.06	17.00	16.97	16.15	15.78	15.70	15.61
	114.51	88.62	83.31	86.64	79.35	90.48	96.72	102.71	88.01	89.03	74.19	72.90
	142.04	57.55	39.20	58.64	58.46	59.32	39.18	78.82	47.45	56.23	68.54	73.00
	0.00	0.00	-11.88	0.00	0.00	0.00	—	—	—	—	—	—
	142.04	57.55	27.32	58.64	58.46	59.32	39.18	78.82	47.45	56.23	68.54	73.00
	36.10	13.45	7.61	12.45	16.42	15.28	9.76	13.98	11.93	14.21	16.94	18.02
	105.94	44.10	19.71	46.19	42.04	44.04	29.42	64.84	35.52	42.02	51.60	54.98
	29.88	12.44	5.56	13.03	11.86	12.42	8.30	18.29	10.02	11.86	14.55	15.51
Key metrics
	173.76	86.00	53.81	82.92	82.22	81.72	60.63	99.16	67.03	74.89	87.71	91.31
	13.70%	9.30%	6.20%	9.00%	9.40%	10.00%	8.30%	12.70%	9.90%	10.60%	13.00%	12.80%
	8.40%	4.80%	2.30%	5.00%	4.80%	5.40%	4.00%	8.30%	5.20%	6.00%	7.70%	7.70%
	—	3.90%	—	4.10%	—	4.30%	—	—	—	—	—	—
	44.80%	14.00%	19.30%	17.50%	29.00%	15.40%	8.00%	9.70%	—	—	—	—
	152.00%	0.10%	-33.00%	-28.80%	18.40%	4.80%	-43.00%	17.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,981	3,589	3,001	2,745	3,159	2,629
	29.91	29.63	26.45	23.98	5.98	1.21
	4,010	3,619	3,028	2,769	3,153	2,627
	3,713	3,405	2,803	2,502	2,866	2,446
	3,083	2,802	2,189	1,969	2,261	2,000
	24.81	23.69	21.13	24.36	20.29	17.59
	188.00	181.62	171.08	154.92	140.58	113.62
	30.63	27.62	16.59	12.32	12.32	7.75
	80.31	75.36	67.18	62.64	52.62	43.75
	373.08	337.92	377.92	306.21	341.96	331.90
	297.43	213.85	224.77	267.01	287.61	181.04
	-11.88	-11.88	0.00	—	—	—
	285.55	201.97	224.77	267.01	287.61	181.04
	69.61	49.93	50.95	66.67	73.60	47.17
	215.94	152.04	173.82	200.34	214.01	133.87
	60.91	42.88	49.03	56.51	60.36	37.76
Key metrics
	396.49	304.95	308.54	341.97	352.55	232.54
	9.96%	8.50%	10.30%	12.50%	11.20%	8.80%
	5.42%	4.20%	5.80%	7.30%	6.80%	5.10%
	—	13.90%	15.90%	—	—	—
	24.48%	19.60%	9.30%	-13.10%	20.20%	—
	19.74%	-12.50%	-13.20%	-6.40%	59.90%	—
	—	-23.76	95.44	—	—	—
	—	0.62	1.70	—	—	—
	—	0.10	0.10	—	—	—
	—	159.17	127.96	—	—	—
	—	55.3	50.8	—	—	—
Balance sheet
	—	2,468	2,325	—	—	—
	—	1,281	1,202	—	—	—
	—	5.32	8.95	—	—	—
	—	576.89	492.81	—	—	—
	—	523.72	437.59	—	—	—
	—	63.18	132.66	—	—	—
	—	835.72	698.91	—	—	—
	—	557.57	512.44	—	—	—
	—	811.09	806.48	—	—	—
	—	164.49	136.91	—	—	—
	—	158.78	119.78	—	—	—
	—	5.71	17.13	—	—	—
	—	1,578	1,435	—	—	—
Cash flow
	—	94.93	295.46	—	—	—
	—	-69.35	-164.81	—	—	—
	—	-29.10	-143.64	—	—	—
	—	118.69	200.02	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +4.34%
Sales CAGR 5Y: —
Profit CAGR 3Y: -10.77%
Profit CAGR 5Y: —
Sales YoY (TTM): +24.48%
Profit YoY (TTM): +19.74%

Consolidated

Sales CAGR 3Y: +5.69%
Sales CAGR 5Y: —
Profit CAGR 3Y: -11.13%
Profit CAGR 5Y: —
Sales YoY (TTM): +27.05%
Profit YoY (TTM): +16.13%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 70.92%

Quarter	September 2026	June 2026
Promoter %	70.92%	70.92%

Holder	Type	Holding	Previous	Change
Unnathan Shekhar	Promoter	11.92%	11.92%	0.00%
Shashikant Rayappa Shanbhag	Promoter	11.56%	11.56%	0.00%
Ramakrishnan Gopalkrishnan	Promoter	6.66%	6.66%	0.00%
Siddharth Sudhir Patil	Promoter	5.79%	5.79%	0.00%
Yash Sudhir Patil	Promoter	5.79%	5.79%	0.00%
Galaxy Chemicals, Partner Gopalkrishnan Ramakrishnan	Promoter Group	5.47%	5.47%	0.00%
Galaxy Chemicals, Partner Late Sandhya Sudhir Patil	Promoter Group	5.47%	5.47%	0.00%
Galaxy Chemicals, Partner Shashikant Rayappa Shanbhag	Promoter Group	5.47%	5.47%	0.00%
Galaxy Chemicals, Partner Shekhar Unnathan	Promoter Group	5.47%	5.47%	0.00%
Jayashree Ramakrishnan	Promoter Group	5.20%	5.20%	0.00%
Nippon Life India	Public	4.40%	4.04%	+0.36%
Axis Mutual Fund	Public	3.97%	4.38%	-0.41%
ICIC Prudential	Public	3.19%	3.34%	-0.15%
Galaxy Emulsifiers Pvt Ltd	Promoter Group	1.53%	1.53%	0.00%
Jayshree Ramesh	Public	1.50%	1.50%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Pidilite Industries Ltd.	1,53,494	1,507.00	56.47	28.50%	+16.83% TTM	+20.94% TTM	+3.57%
Gujarat Fluorochemicals Limited	50,673	4,612.90	75.63	10.10%	+20.33% TTM	-1.47% TTM	+25.63%
Navin Fluorine International Limited	45,075	8,785.00	49.50	18.70%	+45.68% TTM	+105.04% TTM	+45.12%
Deepak Nitrite Limited	21,559	1,580.65	20.29	10.80%	+23.80% TTM	+99.83% TTM	-9.73%
Aether Industries Limited	20,478	1,542.85	82.16	12.20%	+30.76% TTM	+28.03% TTM	+103.85%
Aarti Industries Ltd	16,311	449.65	27.46	8.50%	+39.85% TTM	+104.40% TTM	+16.66%
Fine Organic Industries Limited	15,720	5,127.35	38.71	20.20%	+12.92% TTM	+18.80% TTM	+16.19%
Atul Limited.	15,177	5,155.00	19.28	13.50%	+18.15% TTM	+40.10% TTM	-12.49%
Anupam Rasayan India Limited	13,029	1,144.40	57.92	7.50%	+51.76% TTM	+14.65% TTM	+6.58%
PRIVI SPECIALITY CHEMICALS LIMITED	12,825	3,283.30	34.73	25.10%	+17.54% TTM	+44.15% TTM	+10.09%
BASF India Ltd	12,812	2,959.95	21.44	13.10%	+13.35% TTM	+59.30% TTM	-33.46%
Sudeep Pharma Limited	12,657	1,120.60	67.10	24.20%	—	—	—
Vinati Organics Ltd.	10,334	996.85	25.09	17.70%	+10.98% TTM	-5.48% TTM	-39.90%
Elantas Beck India Ltd S	10,127	12,774.65	54.20	—	+18.86% TTM	+35.25% TTM	+29.29%
Jubilant Ingrevia Limited	8,957	562.35	25.55	10.80%	+15.41% TTM	+21.73% TTM	-18.43%
Alkyl Amines Chemicals Ltd. S	8,108	1,585.25	32.77	14.60%	+13.38% TTM	+35.83% TTM	-13.31%
Galaxy Surfactants Limited	8,048	2,269.80	22.75	12.70%	+27.05% TTM	+16.13% TTM	+0.01%
Clean Science and Technology Limited	6,979	656.60	29.92	19.20%	+4.51% TTM	-12.06% TTM	-33.34%
Neogen Chemicals Limited	6,815	2,268.40	168.60	6.80%	+26.66% TTM	+55.16% TTM	+54.05%
Fineotex Chemical Limited	6,221	53.42	41.98	16.20%	+91.44% TTM	+41.07% TTM	+84.27%
Balaji Amines Ltd.	5,738	1,770.80	23.80	10.20%	+20.91% TTM	+66.05% TTM	+26.00%
Archean Chemical Industries Limited	5,291	428.60	54.04	7.80%	+5.99% TTM	-42.66% TTM	-34.05%
Prasol Chemicals Limited	4,594	776.20	—	—	—	—	—
Laxmi Organic Industries Limited	4,501	161.95	35.81	4.40%	+5.47% TTM	+25.01% TTM	-17.12%
Foseco India Ltd S	4,494	5,962.25	57.00	—	+10.33% TTM	-3.71% TTM	+5.42%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Please find attached press release on unaudited financial results for the quarter and half year ended September 30, 20264 Nov 2026 · Company Update / Press Release / Media Release
Please find attached Investor Presentation on unaudited financial results for the quarter and half year ended September 30, 2026.4 Nov 2026 · Company Update / Investor Presentation
Corporate Action- Board approved Interim Dividend4 Nov 2026 · Corp. Action / Dividend
Please find attached Unaudited Financial Results (Consolidated and Standalone) for quarter and half year ended on September 30, 20264 Nov 2026 · Result / Financial Results
Meeting of Board of Directors of the Company was held as scheduled today i.e. November 04, 2026 and the Board inter-alia has approved following: 1) Unaudited Financial Results (Consolidated ....4 Nov 2026 · Board Meeting / Outcome of Board Meeting
Please find attached intimation of earnings call to discuss operational and financial performance for Q2 & H1FY2728 Oct 2026 · Company Update / Analyst / Investor Meet
Board to consider Interim Dividend-FY 27, if any.28 Oct 2026 · Corp. Action / Dividend
Galaxy Surfactants Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....28 Oct 2026 · Board Meeting / Board Meeting
Please find attached copies of newspaper publication of notice of postal ballot published on 16.10.202616 Oct 2026 · Company Update / Newspaper Publication
Please find attached certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for quarter ended 30.09.202615 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached Notice of Postal Ballot.15 Oct 2026 · AGM/EGM / Postal Ballot
Appointment of Mr. Uday K. Kamat (DIN: 00226886) as an Additional Non-Executive, Non-Independent Director of the Company with effect from October 5, 2026 subject to the approval of the shareholders.3 Oct 2026 · Company Update / Change in Management
Intimation of closure of Trading Window29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 201515 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 20153 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 20153 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 201527 Aug 2026 · Company Update / Analyst / Investor Meet
Please find attached Earnings Call Transcript20 Aug 2026 · Company Update / Earnings Call Transcript
Please find attached General Update19 Aug 2026 · Company Update / General
Submission of link of Audio Recording of Q1 earnings call14 Aug 2026 · Company Update / Earnings Call Transcript
Please find attached Press Release on Unaudited Financial Results for quarter ended June 30, 2026.13 Aug 2026 · Company Update / Press Release / Media Release
Please find attached Investor Presentation on Unaudited Financial Results for quarter ended June 30, 2026.13 Aug 2026 · Company Update / Investor Presentation
Please find attached Unaudited Financial Results for quarter ended 30.06.2026.13 Aug 2026 · Result / Financial Results
Please find attached proceedings of 40th AGM held on 12.08.202612 Aug 2026 · AGM/EGM / AGM
Please find attached intimation of investor earnings call.10 Aug 2026 · Company Update / Analyst / Investor Meet
Galaxy Surfactants Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....6 Aug 2026 · Board Meeting / Board Meeting
Please find attached intimation of Grant of Stock Options under Galaxy Surfactants Ltd- Performance Stock Option plan 2025 (PSOP-2025)22 Jul 2026 · Company Update / Allotment of ESOP / ESPS
Please find attached newspaper advertisement of 40th AGM.20 Jul 2026 · Company Update / Newspaper Publication
Please find attached BRSR report for FY 2026.17 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed Annual Report for the Financial Year 2025-26.17 Jul 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed copies of newspaper advertisement published for 40th AGM.10 Jul 2026 · Company Update / Newspaper Publication
Please find attached compliance certificate under Reg 74(5) of SEBI (DP) Regulations, 201810 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached Intimation of Record Date.9 Jul 2026 · Corp. Action / Record Date
Intimation of closure of Trading Window29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached intimation of non deal road show.22 Jun 2026 · Company Update / Analyst / Investor Meet
Please find attached Intimation of Investor Meet3 Jun 2026 · Company Update / Analyst / Investor Meet
Please find attached Transcript of Q4 FY 2026 Earnings call.21 May 2026 · Company Update / Earnings Call Transcript
Submission of Audio recording of investor con call15 May 2026 · Company Update / Earnings Call Transcript
Please find attached disclosure regarding change in Senior Management.15 May 2026 · Company Update / Change in Management
Please find attached Annual Secretarial Compliance Report for FY 2026.15 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 22.0000	31 Jul 2026	31 Jul 2026	—
Final Dividend - Rs. - 4.0000	1 Aug 2025	1 Aug 2025	—
Interim Dividend - Rs. - 18.0000	20 Mar 2025	20 Mar 2025	—
Final Dividend - Rs. - 22.0000	26 Jul 2024	26 Jul 2024	—

Board meetings

4 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results