GHCL Limited Buyback 2025
Core Business Leadership
GHCL, incorporated in 1983, operates one of India’s largest soda-ash manufacturing facilities located at Sutrapada, Gujarat — boasting an annual capacity of around 1.2 million tonnes, accounting for roughly 25% of India’s domestic soda-ash demand. This gives it a clear leadership position in the chemicals-basic infrastructure sector in India.
Product Portfolio & Applications
The company’s chemical division produces both Light and Dense grades of soda ash (anhydrous sodium carbonate) and sodium bicarbonate (food-, feed- and technical-grade).These inputs are critical for industries such as glass manufacture, detergents, pulp & paper, water treatment, ceramics, and increasingly in solar-glass and battery manufacturing.
Consumer Product and Salt Business
Beyond its core chemicals business, GHCL markets edible and industrial salt under brands such as i-FLO and Sapan, thereby diversifying into the consumer products segment. This expands its reach into mass consumption and provides a hedge to purely industrial cycles.
Geographic & Industrial Footprint
With its soda-ash manufacturing base in Gujarat, GHCL benefits from access to captive raw material (limestone, lignite) and proximity to major industrial markets in India and for export. It serves a wide industry base – glass, detergents, textiles, chemicals – and exports globally, enhancing its reach and diversification of revenue.
Growth & Expansion Plans
GHCL has received environmental clearance for a Green-Field soda-ash project in Kutch, Gujarat — a 1.1 MMTPA capacity addition at a capex of about ₹6,500 crore enabling it to roughly double its production capability over the next five-six years. This strategic expansion positions GHCL to leverage increasing domestic demand and import substitution opportunities.
Buy Back Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Nov 14 2025 |
| Buyback Opening Date: | Nov 20 2025 |
| Buyback Closing Date: | Nov 26 2025 |
| Buyback Offer Amount: | ₹ 300 Cr. |
| Date of Board Meeting approving the proposal: | Nov 01 2025 |
| Date of Public Announcement: | Nov 01 2025 |
| Buyback Offer Size: | 4.32% |
| Buyback Number of Shares: | 41,37,931 |
| FV: | 10 |
| Buyback Price: | ₹ 725 Per Equity Share |
Details of Buyback:
Salient financial parameters:
| Particulars (In cr) | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| Sales + | 2,491 | 3,052 | 4,551 | 3,447 | 3,183 |
| Expenses + | 1,886 | 2,322 | 3,048 | 2,596 | 2,306 |
| Operating Profit | 605 | 730 | 1,503 | 851 | 877 |
| OPM % | 24% | 24% | 33% | 25% | 28% |
| Other Income + | 18 | 211 | 119 | 270 | 88 |
| Interest | 74 | 51 | 39 | 27 | 17 |
| Depreciation | 111 | 87 | 94 | 102 | 112 |
| Profit before tax | 437 | 802 | 1,489 | 991 | 836 |
| Tax % | 25% | 19% | 23% | 20% | 25% |
| Net Profit + | 326 | 650 | 1,142 | 794 | 624 |
| EPS in Rs | 34.33 | 68.14 | 119.41 | 82.94 | 65.18 |
| Dividend Payout % | 16% | 22% | 15% | 14% | 18% |
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 171396 | 171396 | 171396 | 171396 |
| No. of Shares Buyback | 91 | 138 | 207 | 276 |
| Buyback Profit | 9464 | 14352 | 21528 | 28704 |
| Profit% | 5.52% | 8.37% | 12.56% | 16.75% |
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GHCL share price up by 6% today. Any Cause related to buyback for this surge ?
vls limited
the Board of Directors of the Company has noted intention of VLS Capital Limited, being one of the member of promoter group that they would participate in the proposed buyback and had shown their intention to tender upto 1,00,000 (One Lakh) Equity shares of the Company in the Buyback
Total Shares Submitted – 70,79,712
Total No of Orders- 14,835
Out of Total Shares , Shares Submitted Individual Category 21,75,557
Expecting More than 50% AR
I’m concerned that if individuals are mostly retailers, GENERAL AR will exceed RETAIL AR… do you think that can happen? retail category have aprox 6-6.1L shares
Individual category does not mean only small shareholders. It includes all Individuals/HUFs—both those holding below ₹2 lakh (Retail) and those holding above ₹2 lakh (General). The submission data only shows total individual submissions, not a split between Retail and General. Therefore, we cannot conclude AR based solely on the “individual” data, since the two categories are mixed.
Understandable… i am worried because price is already down by 8-10% of buying price
Same also here anybody day can we expect stock moveup,?
True. The stock has corrected recently, and ₹545–555 should act as the immediate support zone. Since this is a small-cap, I generally avoid taking heavy positions. Also, the premium of only 15–17% over the buyback price doesn’t give enough cushion in case the acceptance ratio turns out lower, so the risk–reward isn’t very favourable.
Further, once the buyback is completed, the stock may see additional downside because the non-accepted shares often get sold in the market immediately, adding selling pressure.
Thanks for the update Next two days how much price we can expect before buyback closed.
In VLS, I feel the stock have moved enough and have created a gap to fill… i think it is very unlikely for it to rise now… at this rate of 300-305, it signified a 24-26% premium which is okayish…. but since alot of fund is blocked in GHCL and INFY and will be released on 2-3rd december, i think we should wait until that time so that the price can come to a stabality as well
VLS Finance !
Buyback approved for 2671378 shares @ 380
Record date -12th December
Special condition- only one promoter will allowed to tender his shares !!
Correction – 26,31,578 shares @ 380 price
Total size of buy back -100 crore !!
What do you think will happen to price on monday?
The stock has already hit the 20% upper circuit following the announcement of the upcoming board meeting for a potential buyback.
The current market price is ₹264 while the proposed buyback price is ₹380, which represents a premium of ≈43.94% (≈44%) over the market price. A gap-up opening on Monday appears likely.
I have already purchased some quantity at an average price of ₹260.
even i have baught some quantity but it was less… i am looking to put in more but it depends upon thr opening price on monday
Aditya ji rachit ji where to buy this 260-270 or 240-245 before 12 dec
i have analysed and last year the ER was 20%….I think maybe this time as well it will be same… now, at 20%AR and 300 acquisition price, the breakeven price will be Rs.280…. AND at 30%AR, Breakeven price for remaining shares will be Rs.265-266…. now considering what happened in tanla, i think normal category will have more ar than reserved, buti can only be surewhen i do more research like shareholding as per their recent annual report, public announcement to knnow excatly which promoter is selling and how much equity they have… because the promoter selling will impact general category AR….
if i can grab this stock at 270 on monday, i am in…
But i suggest Donot take full position on monday as stock tend to fall after the initial pump
Yes aditya ji also I have to look for eclyrx one too
would not recommend eclerx unless its 4200… the post tds amount will be 4050 so at 4200 you still have to pay 150rs tax per share, which you may ask for refund in you dont fall under taxable category…. more than 4200 is not worth it at all… also,what i have realised is it is a super volatile stock… if 100% AR not recieved, it is risky….since we all have only 12L limit each in our itr(assumnig we have zero other income),it is good to just imagine this one as other buyback are more lucerative
One cannot predict how the stock will move today or in the days ahead.
After the buyback announcement itself, the stock surged 20% in a single day. I was waiting for the price to come below ₹250 to accumulate, but that is not happened.
I wanted to enter before the buyback announcement as I expected a higher buyback price this time, considering the previous buyback had a premium of only 15–18%, which the stock had already covered before the tender window opened. I eventually purchased around 1,000 shares at an average of ₹260.
You may add as per your risk appetite !!
Seems like very unlike situation for making an entry in VLS at this point, wish had bought more last week. Congratulations parikhji on that good size profit.
Elcex- Waiting game but not very positive.
Fairchem- One share strategy.
Fairchem Organics board approved a 34crore buyback at a price of 800 a piece representing up to 3.26% of the total number of
Equity Shares … subject to shareholders approval by way of special resolution…Promoters and members of the Promoter Group of the Company NOT to participate
Interested ?? If yes then at the what level ??
Please avoid taking any position on this penny stock until some thing very positive emerges which ofcourse is most unlikely.
VLS FINANCE to consider board meeting on 22 nov for buyback
the company have 2616 crores of reserve.. this buyback will be huge and potentially beneficial for the shareholders
Waiting for bb price,only then entry seems like a trap
agreed.. as per last balance sheet, they have 100crore cash which they can use… let’s see what happens in board meet
VLS Finance is financially strong when compared to similar companies in the NBFC–Investment segment. The company maintains a low-debt profile, strong reserves, and a solid investment portfolio, which consistently supports its profitability and book value growth.
Last year, the company also conducted a buyback at ₹380 with a size of around 9.48%. However, since the market price surpassed the buyback price before the tender window opened, the buyback did not receive full subscription. This clearly indicates strong market demand and investor confidence in the stock.
Based on previous patterns and the company’s financial position, expectations are high for another attractive buyback this year, both in terms of size and buyback price.
that is really promising rachit.. company have a book value of 750 and even if they buyback at 400 a piece(which i think is the max they will go) still post buyback book value per share will increase only… it is a good pearl farming stock
Awesome Sir. Exact prediction on buyback amount .
Fairchem Organics to Consider Share Buyback
Views on this add or wait
I feel very risky stock so we should wait until board resolution and price… also, the company didnt have cash as per their recent balance sheet… we’ll have to see where they will get this cash from… i will wait until board decides anything and probably wait for evote to conclude…. VLS attracts me more considering their healthy cash
Fairchem Organics board approved a 34crore buyback at a price of 800 a piece… subject to shareholders approval by way of special resolution…Promoters and members of the Promoter Group of the Company NOT to participate
RETAIL AR 8.73% AND GENERAL CATREGORY AR 4.97%.. PAYMENT DATE TUESDAY December 02, 2025
ER**
BB opening 20 nov 25 and closing 26 Nov 25.
Sir kya ghcl me buyback ke liye apply karna chahiye
Infosys k comparison Mai this is less lucrative… agar Infosys Mai buy krne k bdd bhi funds h you you can try
Nureca Limited Secures SEBI Nod for Share Buyback Amid Merger Process
At what price should we considered it as a buy level ??
Added some at 610/615 levels… I feel the AR will be less because 44% is held by retail investors… However, valuation is low so chances of falling is also low
for a buyback upto 10% of PUSC+Free Reserves, only board resoluion isrequired which is already passed. so yes, this record date is confirmed
is record date is comfimed ?