Income Statement Gayatri Rubbers and Chemicals Limited

Stocks

GRCL

INE0LVM01018

Tires & Rubber Products

Market Closed - NSE India S.E. 07:05:08 2026-09-09 EDT			5-day change	1st Jan Change
561.00 ^INR	-2.43%		-3.28%	+52.38%

04-29	Gayatri Rubbers and Chemicals Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
03-10	Gayatri Rubbers and Chemicals gets order	RE

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Published financial data: GAYATRI RUBBERS AND CHEMICALS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Revenues	156M	167M	222M	244M	319M
Other Revenues, Total	-	-	-	255K	-
Total Revenues	156M	167M	222M	244M	319M
Cost of Goods Sold, Total	148M	149M	193M	207M	241M
Gross Profit	8.78M	18.35M	29.4M	37.66M	78.12M
Selling General & Admin Expenses, Total	2.37M	2.39M	5.57M	7.36M	15.94M
Depreciation & Amortization - (IS)	536K	400K	2.14M	3.46M	4.78M
Other Operating Expenses	3.82M	3.73M	7.41M	2.71M	14.83M
Other Operating Expenses, Total	6.73M	6.52M	15.12M	13.53M	35.56M
Operating Income	2.06M	11.83M	14.28M	24.13M	42.57M
Interest Expense, Total	-235K	-1.44M	-1.95M	-2.4M	-4.05M
Interest And Investment Income	-	-	-	-	20K
Net Interest Expenses	-235K	-1.44M	-1.95M	-2.4M	-4.03M
Other Non Operating Income (Expenses)	1K	-	-	-786K	-222K
EBT, Excl. Unusual Items	1.82M	10.4M	12.33M	20.95M	38.32M
EBT, Incl. Unusual Items	1.82M	10.4M	12.33M	20.95M	38.32M
Income Tax Expense	368K	2.3M	3.2M	5.35M	9.84M
Earnings From Continuing Operations	1.45M	8.1M	9.13M	15.6M	28.48M
Net Income to Company	1.45M	8.1M	9.13M	15.6M	28.48M
Net Income - (IS)	1.45M	8.1M	9.13M	15.6M	28.48M
Net Income to Common Incl Extra Items	1.45M	8.1M	9.13M	15.6M	28.48M
Net Income to Common Excl. Extra Items	1.45M	8.1M	9.13M	15.6M	28.48M
Per Share Items
Net EPS - Basic	0.97	15.58	1.78	2.72	4.96
Basic EPS - Continuing Operations	0.97	15.58	1.78	2.72	4.96
Basic Weighted Average Shares Outstanding	1.49M	520K	5.13M	5.74M	5.74M
Net EPS - Diluted	0.97	15.58	1.78	2.72	4.96
Diluted EPS - Continuing Operations	0.97	15.58	1.78	2.72	4.96
Diluted Weighted Average Shares Outstanding	1.49M	520K	5.13M	5.74M	5.74M
Normalized Basic EPS	0.76	12.49	1.5	2.28	4.17
Normalized Diluted EPS	0.76	12.49	1.5	2.28	4.17
Supplemental Items
EBITDA	2.59M	12.23M	16.42M	27.59M	47.35M
EBITA	2.06M	11.83M	14.28M	24.13M	42.57M
EBIT	2.06M	11.83M	14.28M	24.13M	42.57M
EBITDAR	-	-	17.02M	28.79M	49.66M
Total Revenues (As Reported)	156M	167M	222M	244M	320M
Effective Tax Rate - (Ratio)	20.21	22.08	25.94	25.53	25.68
Current Domestic Taxes	435K	2.58M	-	-	-
Total Current Taxes	435K	2.58M	3.27M	5.52M	10.48M
Deferred Domestic Taxes	23K	36K	-	-	-
Total Deferred Taxes	23K	36K	-74K	-98K	-485K
Normalized Net Income	1.14M	6.5M	7.7M	13.09M	23.95M
Interest on Long-Term Debt	-	107K	-	269K	871K
Non-Cash Pension Expense	-	-	-	-	0
Supplemental Operating Expense Items
Advertising Expense	150K	102K	-	-	227K
Selling and Marketing Expenses	150K	102K	-	-	227K
Net Rental Expense, Total	-	-	600K	1.2M	2.31M
Imputed Operating Lease Interest Expense	-	-	-	-	4.68M
Imputed Operating Lease Depreciation	-	-	-	-	-2.37M
Maintenance & Repair Expenses, Total	-	-	-	242K	-

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Assets
Cash And Equivalents	284K	649K	19.91M	4.13M	255K
Short Term Investments	-	-	-	-	270K
Total Cash And Short Term Investments	284K	649K	19.91M	4.13M	525K
Accounts Receivable, Total	33.86M	27.64M	45.09M	50.18M	66.7M
Total Receivables	33.86M	27.64M	45.09M	50.18M	66.7M
Inventory	15.81M	17.74M	25.29M	46.6M	99.8M
Prepaid Expenses	-	92K	25K	76K	88K
Other Current Assets, Total	3.59M	1.92M	2.72M	3.45M	2.51M
Total Current Assets	53.55M	48.06M	93.04M	104M	170M
Gross Property Plant And Equipment	4.85M	4.9M	12.45M	27.18M	33.67M
Accumulated Depreciation	-3.24M	-3.64M	-2.14M	-5.61M	-10.39M
Net Property Plant And Equipment	1.61M	1.26M	10.31M	21.58M	23.28M
Goodwill	-	-	1.54M	1.54M	1.54M
Deferred Tax Assets Long-Term	496K	460K	74K	172K	657K
Deferred Charges Long-Term	-	-	1.24M	830K	415K
Total Assets	55.66M	49.78M	106M	129M	196M
Liabilities
Accounts Payable, Total	34.94M	2.14M	4.74M	5.52M	21.02M
Accrued Expenses, Total	921K	428K	4.19M	1.89M	2.75M
Short-term Borrowings	1.93M	18K	-	-	18.89M
Current Portion of Long-Term Debt	-	2.47M	-	964K	2.5M
Current Income Taxes Payable	576K	2.84M	199K	366K	2.75M
Other Current Liabilities	134K	-	-	2.9M	15K
Total Current Liabilities	38.5M	7.9M	9.13M	11.65M	47.92M
Long-Term Debt	-	26.34M	-	4.22M	5.39M
Pension & Other Post Retirement Benefits	-	-	-	-	1.06M
Total Liabilities	38.5M	34.24M	9.13M	15.88M	54.37M
Common Stock, Total	14.91M	5.2M	57.38M	57.38M	57.38M
Additional Paid In Capital	-	-	30.56M	30.56M	30.56M
Retained Earnings	2.24M	10.34M	9.13M	24.73M	53.21M
Total Common Equity	17.15M	15.54M	97.07M	113M	141M
Total Equity	17.15M	15.54M	97.07M	113M	141M
Total Liabilities And Equity	55.66M	49.78M	106M	129M	196M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.49M	4.21M	5.74M	5.74M	5.74M
ECS Total Common Shares Outstanding	1.49M	4.21M	5.74M	5.74M	5.74M
Book Value / Share	11.5	3.69	16.92	19.64	24.6
Tangible Book Value	17.15M	15.54M	95.53M	111M	140M
Tangible Book Value Per Share	11.5	3.69	16.65	19.37	24.33
Total Debt	1.93M	28.83M	0	5.19M	26.77M
Net Debt	1.65M	28.18M	-19.91M	1.06M	26.24M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	1.13M
Debt Equivalent Oper. Leases	-	-	4.8M	9.58M	18.47M
Account Code - Inventory Valuation	-	5	5	5	5
Inventories - Raw Materials, Total	15.51M	17.46M	25.29M	-	14.71M
Inventories - Finished Goods, Total	300K	289K	-	46.6M	85.09M
Buildings, Total	-	-	-	-	336K
Machinery, Total	4.85M	4.9M	12.45M	27.18M	33.34M
Full Time Employees	-	16	19	19	59

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Net Income	1.45M	8.1M	9.13M	15.6M	28.48M
Depreciation & Amortization - CF	536K	400K	2.14M	3.46M	4.78M
Depreciation & Amortization, Total	536K	400K	2.14M	3.46M	4.78M
Other Operating Activities, Total	692K	4.05M	2.07M	3.25M	7.53M
Change In Accounts Receivable	3.87M	6.22M	-45.09M	-5.09M	-16.52M
Change In Inventories	-5.88M	-1.93M	-25.29M	-21.3M	-53.2M
Change In Accounts Payable	-19.25M	-32.87M	4.74M	781K	15.5M
Change in Other Net Operating Assets	3.8M	1.25M	197K	247K	17.62M
Cash from Operations	-14.78M	-14.78M	-52.1M	-3.05M	4.19M
Capital Expenditure	-41K	-53K	-12.45M	-14.73M	-6.49M
Cash Acquisitions	-	-	-1.54M	-	-
Cash from Investing	-41K	-53K	-13.99M	-14.73M	-6.49M
Short Term Debt Issued, Total	-	-	-	964K	1.53M
Long-Term Debt Issued, Total	-	26.34M	-	4.22M	1.16M
Total Debt Issued	-	26.34M	-	5.19M	2.69M
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	13.34M	-	87.94M	-	-
Repurchase of Common Stock	-	-9.71M	-	-	-
Other Financing Activities, Total	-235K	-1.44M	-1.95M	-3.18M	-4.27M
Cash from Financing	13.11M	15.19M	85.99M	2M	-1.58M
Miscellaneous Cash Flow Adjustments	-	1K	-	-	1K
Net Change in Cash	-1.72M	365K	19.91M	-15.78M	-3.87M
Supplemental Items
Cash Interest Paid	235K	1.44M	1.95M	2.4M	4.05M
Cash Income Tax Paid (Refund)	-90K	-322K	3.07M	5.28M	7.71M
Levered Free Cash Flow	-17.2M	-18.46M	-24.6M	-23.3M	-30.83M
Unlevered Free Cash Flow	-17.05M	-17.57M	-23.39M	-21.8M	-28.3M
Change In Net Working Capital	18.83M	25.31M	22M	25.61M	53.2M
Net Debt Issued / Repaid	-	26.34M	-	5.19M	2.69M

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Profitability
Return on Assets	2.23	14.03	11.44	12.85	16.42
Return on Total Capital	11.91	23.31	12.62	14.03	18.62
Return On Equity %	14.9	49.56	16.21	14.87	22.44
Return on Common Equity	14.9	49.56	16.21	14.87	22.44
Margin Analysis
Gross Profit Margin %	5.62	10.96	13.24	15.41	24.48
SG&A Margin	1.52	1.43	2.51	3.01	5
EBITDA Margin %	1.66	7.31	7.39	11.29	14.84
EBITA Margin %	1.31	7.07	6.43	9.87	13.34
EBIT Margin %	1.31	7.07	6.43	9.87	13.34
Income From Continuing Operations Margin %	0.93	4.84	4.11	6.38	8.93
Net Income Margin %	0.93	4.84	4.11	6.38	8.93
Net Avail. For Common Margin %	0.93	4.84	4.11	6.38	8.93
Normalized Net Income Margin	0.73	3.88	3.47	5.36	7.51
Levered Free Cash Flow Margin	-11	-11.03	-11.08	-9.53	-9.66
Unlevered Free Cash Flow Margin	-10.91	-10.5	-10.53	-8.92	-8.87
Asset Turnover
Asset Turnover	2.71	3.17	2.85	2.08	1.97
Fixed Assets Turnover	84.17	116.56	38.39	15.33	14.23
Receivables Turnover (Average Receivables)	4.37	5.44	6.11	5.12	5.46
Inventory Turnover (Average Inventory)	11.46	8.88	8.95	5.75	3.29
Short Term Liquidity
Current Ratio	1.39	6.09	10.19	8.96	3.54
Quick Ratio	0.89	3.58	7.12	4.66	1.4
Operating Cash Flow to Current Liabilities	-0.38	-1.87	-5.71	-0.26	0.09
Days Sales Outstanding (Average Receivables)	83.59	67.07	59.78	71.42	66.85
Days Outstanding Inventory (Average Inventory)	31.84	41.09	40.77	63.65	110.88
Average Days Payable Outstanding	108.81	44.83	6.28	8.24	16.47
Cash Conversion Cycle (Average Days)	6.62	63.33	94.27	126.83	161.26
Long Term Solvency
Total Debt/Equity	11.26	185.52	-	4.61	18.97
Total Debt / Total Capital	10.12	64.98	-	4.4	15.94
LT Debt/Equity	-	169.49	-	3.75	3.82
Long-Term Debt / Total Capital	-	59.36	-	3.58	3.21
Total Liabilities / Total Assets	69.18	68.78	8.6	12.35	27.81
EBIT / Interest Expense	8.74	8.24	7.32	10.06	10.52
EBITDA / Interest Expense	11.03	8.52	8.42	11.51	11.7
(EBITDA - Capex) / Interest Expense	10.85	8.49	2.04	5.36	10.1
Total Debt / EBITDA	0.75	2.36	-	0.19	0.57
Net Debt / EBITDA	0.64	2.3	-1.21	0.04	0.55
Total Debt / (EBITDA - Capex)	0.76	2.37	-	0.4	0.66
Net Debt / (EBITDA - Capex)	0.65	2.31	-5.02	0.08	0.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	137.94	7.08	32.68	10.04	30.71
Gross Profit, 1 Yr. Growth %	38.67	108.89	60.2	28.1	87.03
EBITDA, 1 Yr. Growth %	44.02	372.06	34.25	68.05	71.59
EBITA, 1 Yr. Growth %	90.99	475.72	20.66	69.04	76.42
EBIT, 1 Yr. Growth %	90.99	475.72	20.66	69.04	76.42
Earnings From Cont. Operations, 1 Yr. Growth %	114.94	457.54	12.69	70.86	82.59
Net Income, 1 Yr. Growth %	114.94	457.54	12.69	70.86	82.59
Normalized Net Income, 1 Yr. Growth %	101.88	470.9	18.56	69.93	82.95
Diluted EPS Before Extra, 1 Yr. Growth %	-77.44	1.51K	-88.57	52.75	82.46
Accounts Receivable, 1 Yr. Growth %	-10.25	-18.37	63.12	11.29	32.92
Inventory, 1 Yr. Growth %	59.25	12.24	42.54	84.22	114.18
Net Property, Plant and Equip., 1 Yr. Growth %	-23.48	-21.62	716.72	109.33	7.92
Total Assets, 1 Yr. Growth %	-6.88	-10.56	113.35	21.04	52.1
Tangible Book Value, 1 Yr. Growth %	627.7	-9.39	514.72	16.33	25.63
Common Equity, 1 Yr. Growth %	627.7	-9.39	524.6	16.07	25.28
Cash From Operations, 1 Yr. Growth %	-595.71	-0.04	252.59	-94.15	-237.41
Capital Expenditures, 1 Yr. Growth %	-96.46	29.27	23.39K	18.32	-55.96
Levered Free Cash Flow, 1 Yr. Growth %	-	7.34	33.26	-5.3	33.75
Unlevered Free Cash Flow, 1 Yr. Growth %	-	3	33.13	-6.78	31.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	59.62	19.19	20.83	19.87
Gross Profit, 2 Yr. CAGR %	-	70.2	82.93	43.26	63.01
EBITDA, 2 Yr. CAGR %	-	160.74	151.74	50.2	69.81
EBITA, 2 Yr. CAGR %	-	231.59	163.56	42.81	72.69
EBIT, 2 Yr. CAGR %	-	231.59	163.56	42.81	72.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-	246.18	150.66	38.76	76.63
Net Income, 2 Yr. CAGR %	-	246.18	150.66	38.76	76.63
Normalized Net Income, 2 Yr. CAGR %	-	239.49	160.17	41.94	76.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-	90.32	35.45	-58.22	66.95
Accounts Receivable, 2 Yr. CAGR %	-	-14.4	15.39	34.73	21.62
Inventory, 2 Yr. CAGR %	-	33.69	26.49	62.05	98.64
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-22.55	153.02	313.48	50.3
Total Assets, 2 Yr. CAGR %	-	-8.74	38.13	60.7	35.69
Tangible Book Value, 2 Yr. CAGR %	-	156.78	136.01	167.41	20.89
Common Equity, 2 Yr. CAGR %	-	156.78	137.89	169.25	20.59
Cash From Operations, 2 Yr. CAGR %	-	122.6	87.73	-54.57	-71.64
Capital Expenditures, 2 Yr. CAGR %	-	-78.62	1.64K	1.57K	-27.82
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	19.6	12.34	11.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	17.1	11.4	10.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	50.08	16.06	24
Gross Profit, 3 Yr. CAGR %	-	-	66.8	62.45	62.07
EBITDA, 3 Yr. CAGR %	-	-	108.98	120.01	57.02
EBITA, 3 Yr. CAGR %	-	-	136.73	127.29	53.23
EBIT, 3 Yr. CAGR %	-	-	136.73	127.29	53.23
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	138.14	120.6	52.06
Net Income, 3 Yr. CAGR %	-	-	138.14	120.6	52.06
Normalized Net Income, 3 Yr. CAGR %	-	-	139.08	125.73	54.47
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-25.48	40.99	-31.71
Accounts Receivable, 3 Yr. CAGR %	-	-	6.12	14.01	34.13
Inventory, 3 Yr. CAGR %	-	-	36.58	43.37	77.84
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	69.84	137.53	164.24
Total Assets, 3 Yr. CAGR %	-	-	21.12	32.18	57.78
Tangible Book Value, 3 Yr. CAGR %	-	-	243.5	86.43	107.88
Common Equity, 3 Yr. CAGR %	-	-	245.33	87.28	108.64
Cash From Operations, 3 Yr. CAGR %	-	-	159.48	-40.91	-34.3
Capital Expenditures, 3 Yr. CAGR %	-	-	120.66	610.94	396.53
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	10.64	18.64
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	8.53	17.23
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	37.18
Gross Profit, 5 Yr. CAGR %	-	-	-	-	65.28
EBITDA, 5 Yr. CAGR %	-	-	-	-	92.33
EBITA, 5 Yr. CAGR %	-	-	-	-	108.67
EBIT, 5 Yr. CAGR %	-	-	-	-	108.67
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	111.31
Net Income, 5 Yr. CAGR %	-	-	-	-	111.31
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	111.66
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	2.9
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	12.07
Inventory, 5 Yr. CAGR %	-	-	-	-	58.66
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	61.73
Total Assets, 5 Yr. CAGR %	-	-	-	-	26.75
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	126.21
Common Equity, 5 Yr. CAGR %	-	-	-	-	126.71
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	7.04
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	41.13