Gulshan Polyols Ltd
Gulshan Polyols Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
For FY27, Gulshan Polyols targets revenue of INR 2,600 to INR 2,800 crores, with INR 1,800 to 1,900 crores expected from the ethanol segment, INR 800 crores from grain processing, and INR 100 crores from mineral processing. Ethanol segment expected to sustain strong EBITDA margins over next 2-3 years, driven by continued government support and feedstock availability.
From Gulshan Polyols Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- For FY27, Gulshan Polyols targets revenue of INR 2,600 to INR 2,800 crores, with INR 1,800 to 1,900 crores expected from the ethanol segment, INR 800 crores from grain processing, and INR 100 crores from mineral processing.
- Ethanol segment volumes are expected to increase from the current 18 crore liters order book to at least 22 crore liters within FY26, aligned with government’s rising blending mandates up to E30 and beyond.
- Capacity utilization in ethanol is currently around 80%, with unutilized capacity available up to 26 crore liters, allowing volume growth with increased mandates.
- From FY28, the company plans fresh capex focused on specialty chemicals and import-substitutes, with a mega project (~INR 500 crores capex) aiming to generate INR 1,000–1,500 crores revenue, driving longer-term growth beyond INR 5,000 crore revenue.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Gulshan Polyols Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Gulshan Polyols is planning a mega capex project of about INR 500 crores starting FY28, spread over FY28 and FY29.
- This capex will focus on specialty chemicals, primarily import-substitute products not currently produced in India.
- The project will be set up on 100 acres of land in Narsinghpur, Madhya Pradesh.
- The plan includes some capacity enhancement for existing products like sorbitol and fructose.
- The company aims to generate INR 1,000 to INR 1,500 crores in revenue from this investment.
- Funding will be through a mix of debt and equity; fundraising options are being evaluated.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Gulshan Polyols Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current ethanol segment order book is about 18 crore liters for ESY ’25-’26 (November to October), translating to approximately INR 1,250 crores in revenue.
- The company expects to increase this allocation to at least 22 crore liters within the financial year through upcoming tenders in June (C2 and C3 cycles).
- Previous year’s order book was at 21 crore liters; current allocation is lower but expected to improve.
- About 50% of the 18 crore liters allocation was fulfilled till March; around 9 crore liters volume is expected over the next two quarters.
2 more points management made on order book & pipeline
Gulshan Polyols Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹542 Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Gulshan Polyols's management said in earlier quarters
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Frequently Asked Questions
What were Gulshan Polyols Ltd Q4 FY26 results?
For FY27, Gulshan Polyols targets revenue of INR 2,600 to INR 2,800 crores, with INR 1,800 to 1,900 crores expected from the ethanol segment, INR 800 crores from grain processing, and INR 100 crores from mineral processing. Ethanol segment expected to sustain strong EBITDA margins over next 2-3 years, driven by continued government support and feedstock availability.
What is Gulshan Polyols Ltd share price analysis?
Gulshan Polyols Ltd currently shows a neutral. The stock trades at a P/E of 8.0 with a market cap of ₹1,173 Cr. Investors should review the full earnings analysis for detailed insights.
Is Gulshan Polyols Ltd planning capital expenditure?
Gulshan Polyols is planning a mega capex project of about INR 500 crores starting FY28, spread over FY28 and FY29.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.