Gulshan Polyols received Rs.16.42 cr. incentives from MPIDC. With reserves of Rs.634 cr. vs equity of Rs.6 cr., promoter holds 66.71% and a sharp Q2FY26 PAT rise of Rs.15.75 cr., margins may improve on stable raw materials. Domestic focus limits tariff risk. Attractive at CMP vs ATH Rs.354.









