- Ethanol roadmap shifts from E20 to E85/E100, supporting energy security and flex-fuel ecosystem. This structural push benefits players like Gulshan Polyols, with capacity expansion and potential to retest Rs.354.
- Indo Amines acquired MIDC land for expansion and delivered 34% CAGR profit growth over 5 years; H1FY26 PAT rose 42% to Rs.46.95 cr. Strong ratios and low PE of 11 make it attractive at Rs.112 vs high Rs.248.
- Jyoti reported 87% higher 9MFY26 PAT at Rs.15 cr., with 26.1% CAGR over 5 years and fresh orders of ~Rs.47 cr. EV motor tech tie-up adds trigger; stock looks attractive at Rs.80 vs high Rs.208.
- Lehar Footwears posted 109% higher 9MFY26 PAT at Rs.16.69 cr., backed by strong promoter holding and CRISIL upgrade. Low PE of 15 vs peers offers value; stock attractive at Rs.214 vs high Rs.322.
- HFCL delivered strong turnaround Q4 with PAT at Rs.178 cr. vs loss and revenue up 128% to Rs.1824 cr. Robust Rs.21206 cr. order book and rising exports (41%) support growth, with focus on high-margin tech and defence.
- Crude surge acts as a tailwind for ethanol players like Gulshan Polyols, with strong Q3 and expected robust Q4/FY27. Revenue seen at Rs.2800–2900 cr. and PAT at Rs.140–150 cr., supported by better margins and raw material availability.
