Stock under ₹60 jumps 13% after securing ₹215 Cr ethanol order

SYNOPSIS:
Pasupati Acrylon Limited secured an ethanol supply allocation of 32,320 kilolitres worth ~Rs. 215 crore for Ethanol Supply Year 2025-26 under the Ethanol Blended Petrol Programme, awarded by leading Oil Marketing Companies.

During Thursday’s trading session, shares of a company involved in manufacturing acrylic fibre, tow and tops and cast polypropylene (CPP) film surged nearly 13.4 percent on BSE, after securing an order worth nearly Rs. 215 crores from Oil Marketing Companies (OMCs) for the supply of ethanol.

At 11:52 a.m., shares of Pasupati Acrylon Limited were trading in the green at Rs. 56.45 on BSE, up by around 9.3 percent, compared to its previous closing price of Rs. 51.64, with a market cap of Rs. 503 crores. The stock has delivered positive returns of over 21 percent in the last one year, and has gained by around 23 percent in the last one month.

What’s the News

According to the latest regulatory filings with the stock exchanges, Pasupati Acrylon Limited has received an allocation for the supply of 32,320 kilolitres of ethanol under the Ethanol Blended Petrol Programme (EBPP) for the Ethanol Supply Year (ESY) 2025-26. The total estimated value of the allocation stands at around Rs. 215 crore.

The company had participated in bids invited by Oil Marketing Companies (OMCs), namely Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL), and Hindustan Petroleum Corporation Limited (HPCL).

Financials & More

Pasupati Acrylon reported a significant growth in its revenue from operations, showing a year-on-year increase of around 40 percent from Rs. 154.8 crores in Q1 FY25 to Rs. 216.05 crores in Q1 FY26. In contrast, its net profit decreased during the same period from Rs. 11.25 crores to Rs. 1.75 crores, representing a decline of over 84 percent YoY.

Pasupati Acrylon Limited, one of the leading manufacturers of acrylic fibre, tow and tops, operates its manufacturing facility in Moradabad, Uttar Pradesh. It also manufactures Cast Polypropylene Film (CPP Film).

During FY25, the company diversified into the renewable energy segment by establishing a 150 KL per day grain-based ethanol plant adjacent to its existing facility. The plant was capitalised on 25th March 2025 and has since commenced commercial production.

Written by Shivani Singh

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