This ethanol stock engaged in the manufacture of precipitated calcium carbonate, sorbitol, ethanol, and biofuels, skyrocketed 10 percent after securing an order worth Rs. 124.13 crore from BPCL, IOCL, HPCL, and MRPL for supplying 21,220 kiloliters of ethanol.
Stock Price Movement:
With a market capitalization of Rs. 1,117.06 crores, the share of Gulshan Polyols Limited has reached an intraday high of Rs. 193 per equity share, rising nearly around 9.75 percent from its previous day’s close price of Rs. 175.85. Since then, the stock has retreated and is currently trading at Rs. 179.10 per equity share.
What Happened:
Gulshan Polyols Limited has received an allocation for supplying 21,220 kiloliters of ethanol under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year (ESY) 2024-25. The order is valued at Rs. 124.13 crores and comes from major oil marketing companies (OMCs) like BPCL, IOCL, HPCL, and MRPL.
The company secured this allocation through a tender process and will supply ethanol to various locations across India. This is part of the government’s push for ethanol blending in fuel to promote cleaner energy. Overall, Gulshan Polyols has received a total allocation of 1,82,242 kiloliters of ethanol, with a combined order value of Rs. 1,253.17 crores for ESY 2024-25.
Products Offering:
Gulshan Polyols Limited produces a wide variety of products, including starch, sugar, sorbitol, ethanol, and calcium carbide. The company caters to multiple industries, including pharmaceuticals, personal care, footwear, tires, rubber, plastics, paints, agrochemicals, as well as food and agriculture.
Clientele:
Gulshan Polyols Limited supplies products to major clients such as Colgate-Palmolive, Hindustan Unilever, Dabur, Asian Paints, BPCL, IOCL, HPCL, MRPL, and ITC.
Recent quarter results:
Gulshan Polyols Limited’s revenue has increased from Rs. 371.08 crore in Q3 FY24 to Rs. 609.76 crore in Q3 FY25, which has grown by 64.32 percent. The net profit has also grown by 45.81 percent from Rs. 4.65 crore in Q3 FY24 to Rs. 6.78 crore in Q3 FY25.
