What the business is, and whether it's a good one at a fair price.
Produces grain-based ethanol from maize and FCI rice for blending into petrol, with installed distillation capacity of 810 KLPD. The Ethanol (Bio-Fuel)/Distillery segment generates 69.6% of FY26 revenue at an 11.1% segment EBIT margin, supported by an order book of 18 crore litres (equivalent to about INR 1,250 crores in revenue) under long-term off-take with oil marketing companies running through 2032. Grain processing accounts for 26.4% of revenue but ran at a -0.7% segment EBIT margin in FY26, while mineral processing is small at 4.0% of revenue but delivered the highest segment margin of 18.6% EBIT. Feedstock is by far the largest cost at 64.1% of revenue; FCI rice covers 40% of ethanol feedstock at fixed prices, with maize in the INR 19-22/kg range filling the balance, and a DDGS by-product contributing roughly INR 10 per litre of incremental value to ethanol economics. The distillery side also supplies about 103.6 lakh proof litres of country liquor across six Madhya Pradesh excise districts for 2026-27. Management has guided FY27 revenue of INR 2,600-2,800 crores and is planning a INR 500 crore specialty/import-substitute chemicals capex at a 100-acre Narsinghpur, MP site from FY28, while PLI subsidies contribute about INR 30 crores per annum.
Measured from the filed financials, judged against its Other Agricultural Products peers · as of FY25 — not investment advice
How has the market priced it — with filings on the timeline?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Answered from GULSHAN POLYOLS LIMITED's filed financials and exchange disclosures
GULSHAN POLYOLS LIMITED is a Agricultural Food & other Products company listed on NSE and BSE, trading under the symbol GULPOLY.
Yes. Over the trailing twelve months GULSHAN POLYOLS LIMITED reported a net profit of ₹43 Cr on revenue of ₹2,260 Cr.
Yes. The dividend yield is 0.17% at the current price. It paid out 8% of its profit as dividend in FY25.
No. Debt stands at 0.64× equity, and it carries net debt of ₹447 Cr. That is lower than 30% of its 54 Other Agricultural Products peers.
On trailing P/E, GULSHAN POLYOLS LIMITED ranks 54 of 65 in Other Agricultural Products — cheaper than 17% of them, against an industry median of 12.0×. This is a position, not a valuation judgement.
On a typical session GULSHAN POLYOLS LIMITED moves 1.35% — that is the median absolute close-to-close move across its last 269 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by GULSHAN POLYOLS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
