Ellenbarrie Industrial Gases Limited — Investor Meet, 26-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Ellenbarrie Industrial Gases reported Q4 FY26 EBITDA of ₹26.0 Cr (30% margin), which was ₹30.4 Cr (35% margin) when adjusted for ₹4.6 Cr one-off costs. The core gases segment achieved a 40% EBITDA margin. Argon prices recovered in Q4, with further normalization anticipated in FY27. Management highlighted India's robust industrial growth driving demand. New capacities include the 220 TPD Ulluberia 2 merchant plant commissioned in Q4 FY26, and a 320 TPD East India on-site plant launching next month. Long-term, the company targets 20% revenue CAGR and 40% EBITDA margins, driven by efficient new plants, renewable energy adoption, and favorable argon trends.