Ellenbarrie Industrial Gases Limited — Investor Meet, 12-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Ellenbarrie Industrial Gases (ELLEN) had a strong Q1 FY26: 24% revenue & 40% EBITDA growth, margins at 37%. Management expects 25%+ revenue growth for 2-3 years, driven by new projects & Pan-India expansion. Margins should hold/rise, boosted by higher-margin Argon (aiming for 15% of revenue). Kurnool ramp-up & new East/North/onsite plants will boost capacity from 1,370 TPD to 2,130 TPD by FY27. IPO debt repayment strengthens balance sheet for future capex. Management's outlook is confident on growth & profitability.