Galaxy Surfactants Ltd
Galaxy Surfactants Ltd was Incorporated in 1986. It’s a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNC’s, Regional and Local FMCG brands.[1] The company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries [2]
Weaknesses
- −Company has a low return on equity of 12.7% over last 3 years.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 70.91% | 70.91% | 70.91% | 70.91% | 70.91% | 70.92%▲0.0 | 70.91%▼0.0 | 70.91% |
| FIIs | 3.87% | 4.08%▲0.2 | 4.19%▲0.1 | 4.1%▼0.1 | 4.3%▲0.2 | 4.21%▼0.1 | 4.09%▼0.1 | 3.99%▼0.1 |
| DIIs | 12.71% | 12.99%▲0.3 | 12.98%▼0.0 | 12.94%▼0.0 | 12.7%▼0.2 | 12.9%▲0.2 | 13.04%▲0.1 | 13.11%▲0.1 |
| Public | 12.51% | 12%▼0.5 | 11.91%▼0.1 | 12.04%▲0.1 | 12.09%▲0.1 | 11.96%▼0.1 | 11.95%▼0.0 | 11.99%▲0.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 673 | 706 | 678 | 782 | 727 | 814 | 874 | 919 | 868 | 928 |
| Expenses | 594 | 635 | 611 | 696 | 672 | 739 | 798 | 849 | 806 | 849 |
| Operating Profit | 79 | 71 | 66 | 86 | 55 | 75 | 76 | 70 | 62 | 80 |
| OPM % | 12% | 10% | 10% | 11% | 8% | 9% | 9% | 8% | 7% | 9% |
| Net Profit | 52 | 42 | 36 | 65 | 29 | 44 | 42 | 46 | 20 | 44 |
| EPS ₹ | 14.55 | 11.85 | 10.02 | 18.29 | 8.3 | 12.42 | 11.86 | 13.03 | 5.56 | 12.44 |
AI Insights
Mar 2026 revenue at ₹3,589Cr, up 19.6% YoY. OPM at 8%.
Borrowings at ₹191Cr. Debt-to-equity ratio: 0.12x. Healthy balance sheet.
CWIP at ₹177Cr (21% of fixed assets). Significant capex underway — growth runway building.
DIIs: 13.11% (+0.47pp change). FIIs: 3.99% (+1.00pp change). Promoters hold 70.91%.
ROCE declining from 25% (Mar 2015) to 14% (Mar 2026). Working capital days: 46.
PE 40x with 14.4% ROCE. Price is 309% above book value of ₹445. Dividend yield: 1.21%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2d - Submission of Audio recording of investor con call
- Announcement under Regulation 30 (LODR)-Change in Management 2d - Rajib Bhattacharjee, Vice President- Value Acceleration Process, resigned effective May 15, 2026.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 2d - Galaxy Surfactants filed FY2025-26 Annual Secretarial Compliance Report; all SEBI compliances met, no observations.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 14 May - Galaxy Surfactants reported FY26 revenue of ₹5,270.4 crore, EBITDA ₹497.4 crore and PAT ₹267.4 crore.
- Announcement under Regulation 30 (LODR)-Investor Presentation 14 May - Please find attached Investor Presentation for Q4 FY 26
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse