ALFA Finder| Revenue growth | H1 income +11%; Q2 income +13% YoY |
|---|---|
| Margins | Q2 EBITDA margin 11.2%, +338 bps YoY; H1 12.7% |
| Order book | ₹1,305 cr for ESY 2026-27 vs 26 cr litres capacity |
| Demand visibility | 19.7 cr litres ethanol allocated for ESY 2026-27 |
| Management confidence | FY27 guidance reiterated despite near-term headwinds |
Growth
H1 PAT up 222% to ₹92 Cr; Q2 PAT up 151% to ₹39 Cr. Q2 EBITDA margin 11.2%, up 338 bps YoY.
Outlook
FY27 guidance unchanged: consolidated revenue ₹2,600 Cr, EBITDA margin 10-11%, PAT margin 5-6%. Sorbitol +30,000 MTPA and MDP/NDC 5,000→30,000 MTPA, both by April 2027.
Risks
Elevated maize prices and policy revisions create near-term feedstock cost headwinds for ethanol. Management says FCI rice and damaged grains mitigate this.
Last quarter's promises, checked
Delivered
- EBITDA margin 10-11% FY27 → H1 12.7% (= BEAT)
- Order book ~19 cr L → 19.7 cr L allocated ESY 2026-27 (= BEAT)
- PAT margin 5-6% FY27 → H1 PAT ₹92 cr on ₹1,260 cr income (= BEAT)
Partly delivered
- FY27 revenue ₹2,600 cr → H1 ₹1,260 cr (= PARTIAL)
- Grain rev ~₹800 cr, ~5% EBITDA → Q1+Q2 ₹336 cr; Q1 EBITDA ₹8 cr (= PARTIAL)
- Mineral rev ~₹100 cr → Q1 ₹24 cr (= PARTIAL)
Missed
- Ethanol supply 21-22 cr L (₹1,800 cr rev) → 19.7 cr L allocated (= MISS)
Investor Presentation filed with NSE, NSE: GULPOLY. Summary written with AI assistance from the document.
Gulshan Polyols Ltd: key numbers
- Share price
- ₹171.36
- Market cap
- ₹1,069 Cr
- Revenue (annual)
- ₹2,312 Cr
- Net profit (annual)
- ₹107.2 Cr
- P/E (TTM)
- 6.3×Sector 35.1×
- Promoter holding
- 66.80%+0.00% QoQ
- FII holding
- 0.26%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Gulshan Polyols Ltd
All →Gulshan Polyols Q2 FY27 Results: Net Profit ₹38.9 Cr, Up 151.0% YoY
Gulshan Polyols Ltd reported revenue from operations of ₹615 Cr (+13.5% YoY) and net profit of ₹38.9 Cr (+151.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹38.9 Cr · +151.0% YoY
Gulshan Polyols Bags ₹1,305 Cr Order from BPCL, IOCL, MRPL
Gulshan Polyols won an ethanol supply allocation of 1,96,886 KL for ESY 2026-27 from OMCs. The aggregate order value is Rs. 1,304.90 Crore.
- Value
- ₹1,305 Cr
- From
- BPCL, IOCL, MRPL (Oil Marketing Companies)
- Execution
- ESY 2026-27
Gulshan Polyols Board Meeting Date
Gulshan Polyols Limited will hold a board meeting on 12 Nov 2026 to consider unaudited quarterly standalone results for September 2026, plus other business. Trading window closes 14 Nov 2026.
Gulshan Polyols Other Announcement
This is a routine quarterly shareholding pattern report for Gulshan Polyols Ltd for the period ending September 30, 2026.
Gulshan Polyols Annual General Meeting
Gulshan Polyols' 26th AGM on September 11, 2026 passed all seven resolutions, including a ₹1.50 per share final dividend and QIP approval. Directors were re-appointed by rotation.
Gulshan Polyols Other Announcement
Gulshan Polyols Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI LODR regulations.