PASUPATI ACRYLON LIMITED

Makes acrylic fibre, fuel-grade ethanol and cast polypropylene (CPP) film from a single chemical-manufacturing platform. The Fibre segment is the largest contributor at 58.1% of FY26 segment revenue (Rs 587.04 crore), supplying acrylic fibre for textile and apparel end-uses such as knitwear, blankets and carpets. Ethanol, the second-largest line at 32.1% (Rs 324.22 crore), is produced at the company's grain-based distillery at Thakurdwara, Moradabad (Uttar Pradesh), commissioned in March 2025, and sold to Oil Marketing Companies for fuel blending. CPP Film accounts for the remaining 9.8% (Rs 98.9 crore), supplying packaging-grade cast polypropylene film to industrial packaging customers. The ethanol plant is currently running at full capacity utilisation, with output limited by order allocations from Oil Marketing Companies. The Board has approved a 33% expansion of ethanol capacity from 180 KL per day to 240 KL per day, to be completed by end-December 2026 through Rs 25 crore of debottlenecking funded by internal accruals. Raw materials are the dominant input cost at 66.7% of FY26 revenue, reflecting the petrochemical and agri-feedstock basis of all three product lines.