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Gulshan Polyols share price & results

Gulshan Polyols Limited· Fast Moving Consumer Goods

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Grain-based ethanol, starch/sorbitol and calcium-carbonate manufacturer operating across India.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue640 ₹ crore+7.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin13.0 %+7.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit54.0 ₹ crore+315.4% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity6.72 %+2.1 ptsFY Mar 2025 vs FY Mar 2024Trailing twelve monthsTTM to Sept 2025Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable+7.5 ptsFY Mar 2025 vs FY Mar 2024Fiscal yearFY · period unavailableNot in the analysed materials. No older figure is substituted.
Revenue growth (YoY)35.17 %+29.8 ptsFY Mar 2025 vs FY Mar 2024Trailing twelve monthsTTM to Sept 2025Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 15 open · verdicts reflect calls analysed to Q1 FY27.

Gulshan Polyols Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (4 achieved, 1 missed, 15 open).

TargetOriginal wordingSaidLatest callVerdict
Consolidated Revenue FY26₹2300 to ₹2400 crores going forward
Call transcript, Q4 FY25 · 22 May 2025		Q4 FY25Q1 FY27:Historical promise for a completed financial year. No new updates.
Call transcript, Q1 FY27 · 7 Aug 2026		Achieved*
Consolidated Revenue FY27₹2,800 crores
Call transcript, Q2 FY26 · 11 Nov 2025		Q2 FY26Q1 FY27:Guidance narrowed to the lower end of the previous range, now stated as 'in the range of INR2,600 crores'. Q1 revenue at ₹646 cr is a strong start.
Call transcript, Q1 FY27 · 7 Aug 2026		Diluted
Grain Processing Steady State Revenue₹900 crores
Call transcript, Q3 FY25 · 21 Feb 2025		Q3 FY25Q1 FY27:Reiterated FY27 target of ₹800 crores. Q1 revenue was ₹170 crores (21.25% of annual target).
Call transcript, Q1 FY27 · 7 Aug 2026		Missed

Source: Inve Guidance Tracker for Gulshan Polyols Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of Gulshan Polyols Limited's 20 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹146.68 +1.61% · +₹2.32

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −4.2% 1Y

₹120₹140₹160₹180₹200₹220Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 11 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 22 May 2026Q1 FY27 — 7 Aug 2026

1Y: ₹153.12 on 24 Oct 2025 → ₹146.68. High ₹214.95 (9 Jun 2026), low ₹125.32 (2 Feb 2026).

Previous close
₹144.36
Market cap
₹900 Cr
52-week range
₹125.32 – ₹214.95
One year
−4.04%
Price to earnings (TTM to Sept 2025)
20.93×
Return on equity (TTM to Sept 2025)
6.72%

Overview

Symbol
NSE:GULPOLY
Exchange
NSE
Currency
INR

What Gulshan Polyols Limited does

Based on the company's own presentations, annual report and earnings calls.

Gulshan Polyols Limited is a multi-segment specialty chemicals and biofuel manufacturer operating three segments: Ethanol (grain-based ethanol and alcohol/distillery products supplied to oil marketing companies under long-term offtake agreements), Grain Processing (starch and starch-derivative products such as sorbitol, liquid glucose, dextrose monohydrate, malto dextrin and rice gluten made from maize and rice, sold into FMCG, paper, textile, pharmaceutical and food industries), and Mineral Processing (ground and precipitated calcium carbonate, including dedicated on-site PCC plants located within customer paper mills, supplied to paper, plastics, personal-care and pharmaceutical industries). Its plants are located across Madhya Pradesh, Assam, Uttar Pradesh, Gujarat, Himachal Pradesh, Rajasthan and West Bengal, with a corporate office in Delhi and registered office in Muzaffarnagar, Uttar Pradesh.

Segments

  • Ethanol
  • Grain Processing
  • Mineral Processing
Ethanol production capacity
810 KLPD (26 crore litres per annum) across plants in Madhya Pradesh and Assam
Manufacturing units
9+ plants across India, including dedicated on-site PCC plants
Grain processing capacity
1,92,000 MTPA across Gujarat and Muzaffarnagar (UP) units
Calcium carbonate processing capacity
100,400+ MTPA across Himachal Pradesh, Rajasthan and Uttar Pradesh units
Export footprint
Exports to 35+ countries
Permanent employees
565 (as of March 31, 2025)
Founded 2000Headquarters Delhi, IndiaEmployees 565 (2025-03-31) Company website

How the price took the results

close before → close after

Q1 FY27
−1.1%
7 Aug
Q4 FY26
−7.0%
22 May
Q3 FY26
−0.5%
12 Feb
Q2 FY26
−3.1%
11 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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