NSE: PASUPTAC · BSE: 500456
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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fibre (58%), Ethanol (32%), CPP Film (10%). Multi-product chemicals and packaging materials, with a recently commissioned fuel-ethanol line
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 776 | 828 | 575 | 621 | 1,010 |
| EBITDA (ex other income) | 62 | 50 | 16 | 45 | 111 |
| margin % | 8.1 | 6.0 | 2.8 | 7.2 | 10.9 |
| Owners' profit | 46 | 36 | 13 | 35 | 70 |
| EPS, as reported (₹) | 5.15 | 4.03 | 1.48 | 3.97 | 7.84 |
| ROE % · ROCE % | 16.4 · 22.5 | 11.4 · 16.0 | 4.0 · 5.5 | 9.7 · 10.3 | 16.1 · 19.4 |
| Debt / equity (x) | 0.00 | 0.00 | 0.13 | 0.30 | 0.25 |
| Cash from operations | (13) | 30 | 73 | 7 | 52 |
| Capex | 0 | (4) | (95) | (104) | (11) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 124 | 174 | 168 | 216 | 280 | 269 | 245 | 238 |
| Profit before tax | 4 | 14 | 15 | 2 | 22 | 34 | 36 | 37 |
| Net profit | 3 | 10 | 11 | 2 | 16 | 26 | 26 | 27 |
| EPS (₹) | 0.31 | 1.14 | 1.26 | 0.20 | 1.82 | 2.88 | 2.95 | 3.07 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Fibre | 587 | 58.1 |
| CPP Film | 99 | 9.8 |
| Ethanol | 324 | 32.1 |
| Total, before eliminations | 1,010 | 100.0 |
Exhibit 4: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · RTA Compliance Certificate for Quarter Ended September 2026 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading window closed from Oct 1 ahead of Q2 and H1 results | compliance | minimal | — | — |
| 11 Sept 2026 · 43rd AGM: All three resolutions passed with over 99.99 percent majority | board shareholder meetings | low | — | — |
| 9 Sept 2026 · 43rd AGM proceedings held; voting results pending within 2 working days | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Pasupati Acrylon 43rd AGM held; three ordinary resolutions transacted | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · Newspaper ad on SEBI special window for re-lodging physical shares | compliance | minimal | — | — |
| 18 Aug 2026 · Reminder to physical shareholders for PAN, KYC and Nomination update | compliance | minimal | — | — |
| 18 Aug 2026 · Web link letter to shareholders for 43rd AGM notice and FY26 annual report | compliance | minimal | — | — |
| 17 Aug 2026 · Newspaper publication of 43rd AGM notice, e-voting and book closure | compliance | minimal | — | — |
| 14 Aug 2026 · Book closure for 43rd AGM from Sep 4 to Sep 9, 2026 | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.