| Market Cap | ₹2,720 CrMid-cap Textile |
|---|---|
| Net Profit Growth | 170%Q1 FY27 YoY |
| P/E Ratio | 48.15Sector: 51.34 |
| Revenue TTM | ₹1,568 CrTrailing 12 Mo |
Key highlights
- FSSAI authorization granted on October 15, 2026, specifically for the 4th production line of rPET
- Approval covers the manufacturing of Food Grade rPET (FCM-rPET) at the Warangal facility
- Authorization is valid for a period of two years, expiring on October 14, 2028
- The facility utilizes the approved Starlinger recoSTAR PET technology for food-contact materials
- Net profit for the June 2026 quarter grew 170% year-on-year to reach ₹29.03 crore
FSSAI Clears Food-Grade Recycling at Warangal Facility
Ganesha Ecosphere Limited has informed the exchanges that its subsidiary, Ganesha Ecopet Private Limited, obtained formal approval from the Food Safety and Standards Authority of India (FSSAI) on October 15, 2026. The authorization pertains to the fourth production line of recycled Polyethylene Terephthalate (rPET) situated at the Kakatiya Mega Textile Park in Warangal, Telangana. This regulatory clearance is a mandatory requirement for selling recycled plastics intended for food packaging applications in the Indian market.
The approval is granted for a two-year duration, remaining valid until October 14, 2028, ensuring operational continuity for the newly commissioned line.
Technical Specifications and Expansion Scope
- The approval specifically covers Food Grade rPET (FCM-rPET) manufacturing
- Authorized technology is the Starlinger recoSTAR PET system for high-purity recycling
- The facility is located at Plot No. B73-78, Kakatiya Mega Textile Park, District Warangal
- The current authorization follows the company's strategy to scale recycled plastic capacity
- Move leverages Starlinger technology to meet global standards for food-contact materials
Strategic Alignment with FY28 Revenue Targets
The FSSAI approval aligns with Ganesha Ecosphere's broader growth strategy, following the management's August 2026 guidance targeting a consolidated revenue of ₹2,300–2,500 crore by FY28. The company is currently executing an expansion at the Warangal site with a total capex of approximately ₹150 crore, aiming to reach a total capacity of 97,000–100,000 TPA. Financially, Ganesha Ecosphere has demonstrated strong momentum, reporting a 25.67% year-on-year increase in operating revenue to ₹423.67 crore for the quarter ended June 30, 2026.
The ability to produce food-grade rPET allows the company to cater to premium beverage and food packaging clients.
What to watch next
- Announcement of Q2 FY27 unaudited financial results scheduled for November 14, 2026
- Commissioning of an additional 22,500 TPA rPET expansion line at Warangal expected by January 2027
| Share price | ₹1015.1 |
|---|---|
| Market capitalisation | ₹2,720.06 Cr |
| Revenue (annual) | ₹1,481.66 Cr |
| Net profit (annual) | ₹38.21 Cr |
| Revenue (latest quarter) | ₹423.67 Cr-0.06% vs previous quarter |
| Net profit (latest quarter) | ₹29.03 Cr+25.09% vs previous quarter |
| P/E (TTM) | 48.15×Sector 51.34× |
| Promoter holding | 39.33%0.00% QoQ |
| FII holding | 10.38%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Ganesha Ecosphere Limited announcing the receipt of FSSAI approval for its subsidiary's fourth rPET production line. Market figures from a third-party data provider.
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