Gulshan Polyols Limited — PPTs, 22-05-2026: Investor Presentation

Gulshan Polyols reported impressive FY26 results! Total income grew 14% to ₹2,314 Cr. Profit After Tax (PAT) jumped 334% to ₹107 Cr, with PAT margin hitting 4.6%. EBITDA also surged 131% to ₹232 Cr (10.0% margin). The Ethanol segment was the major growth driver, thanks to successful capacity ramp-ups. Grain Processing showed signs of demand recovery, and Mineral Processing delivered stable performance.

The company's strategy for FY27 focuses on consolidating operations and boosting efficiency. After significant capex, the aim is to optimize plant utilization to 80-90% and strengthen the balance sheet by reducing working capital. Post-FY28, Gulshan Polyols plans to enter a new growth phase with specialty and import-substitute chemicals, aiming for higher value-added products.

Ethanol now accounts for 70% of FY26 revenue, backed by a strong ₹1,220 Cr order book for ESY 2025-26. Management expects FY27 revenue to reach ₹2,600-₹2,800 Cr, highlighting ethanol as a key earnings engine with stable margins and long-term demand visibility.