Polyplex Corporation Ltd.
•₹ 1,194.11.98%
2026-08-21
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.32x)
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (8.9x coverage)
- Institutional investors have been accumulating - FII+DII up 3.1pp
- Company maintains a comfortable, low leverage position
CONS
- A large part of profit comes from other income (79.4% of PBT)
- Recent results are weak - TTM profit is down 31.3% versus prior year
- Company has a low return on capital employed of 7.1%
- Company has a low return on equity of 6.0% over last 3 years
- Total debt has risen sharply - up 87.1% year on year
- Company has delivered a poor profit growth of -33.4% over past five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SUPREMEIND | 3659.00 | 45.02 | 46479.13 | 0.98 | 280.72 | 38.76 | 2717.66 | 4.16 | 21.49 | 17.33 |
| 2. | ASTRAL | 1535.05 | 71.66 | 41239.14 | 0.26 | 120.20 | 51.77 | 1578.00 | 15.93 | 19.95 | 14.65 |
| 3. | GRWRHITECH | 7110.10 | 42.59 | 16518.46 | 0.17 | 132.65 | 59.78 | 633.08 | 27.90 | 20.41 | 27.17 |
| 4. | SHAILY | 3348.90 | 87.12 | 15403.35 | 0.09 | 48.01 | 16.75 | 280.67 | 13.77 | 19.55 | 29.59 |
| 5. | FINPIPE | 158.70 | 16.00 | 9846.97 | 1.73 | 114.52 | 16.67 | 883.58 | -15.30 | 17.40 | 12.09 |
| 6. | TIMETECHNO | 191.50 | 19.30 | 9453.12 | 0.78 | 1178.60 | 1120.71 | 16927.10 | 1151.40 | 18.16 | 13.25 |
| 7. | KINGFA | 5864.50 | 0.00 | 7947.21 | 0.00 | 80.21 | 101.58 | 688.57 | 49.06 | 30.70 | 16.12 |
| 8. | RESPONIND | 156.60 | 41.21 | 4175.09 | 0.06 | 2.74 | -94.51 | 192.87 | -43.06 | 10.76 | 12.09 |
| 9. | POLYPLEX | 1169.90 | 23.65 | 3672.60 | 0.26 | 171.07 | 386.02 | 2253.62 | 29.62 | 1.51 | 13.15 |
| 10. | PRINCEPIPE | 282.75 | 0.00 | 3126.11 | 0.35 | 337.49 | 6900.41 | 6094.18 | 949.97 | 3.92 | 12.66 |
| 11. | NILKAMAL | 2045.15 | 24.48 | 3051.88 | 0.98 | 24.40 | 59.20 | 819.73 | -7.18 | 10.76 | 9.44 |
| 12. | DDEVPLSTIK | 276.45 | 0.00 | 2860.61 | 0.45 | 63.79 | 22.33 | 989.45 | 28.63 | 33.94 | 9.22 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 351 | 381 | 313 | 369 | 383 | 393 | 405 | 382 | 392 | 373 | 331 | 401 | 440 | |
| 344 | 371 | 322 | 379 | 366 | 373 | 370 | 344 | 365 | 355 | 332 | 371 | 430 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 5 | 14 | 9 | 9 | 6 | 11 | 11 | 20 | 15 | 16 | 7 | 22 | 7 |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 3 | 4 |
| Depreciation | 10 | 11 | 12 | 13 | 10 | 12 | 13 | 12 | 10 | 12 | 13 | 14 | 12 |
| 1 | 13 | -12 | -15 | 10 | 17 | 31 | 43 | 30 | 19 | -10 | 35 | 17 | |
| Tax % | 30.86% | 13.88% | 24.25% | 24.18% | 33.16% | 12.24% | 38.16% | 15.51% | 25.25% | 16.77% | 24.73% | 19.02% | 25.85% |
| Net Profit | 1 | 11 | -9 | -11 | 7 | 15 | 19 | 37 | 22 | 16 | -8 | 29 | 12 |
| 0 | 3 | -3 | -4 | 2 | 5 | 6 | 12 | 7 | 5 | -2 | 9 | 0 | |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 351
- 344
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 1
- Depreciation
- 10
- 1
- Tax %
- 30.86%
- Net Profit
- 1
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 381
- 371
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 1
- Depreciation
- 11
- 13
- Tax %
- 13.88%
- Net Profit
- 11
- 3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 313
- 322
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 12
- -12
- Tax %
- 24.25%
- Net Profit
- -9
- -3
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 369
- 379
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 1
- Depreciation
- 13
- -15
- Tax %
- 24.18%
- Net Profit
- -11
- -4
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 383
- 366
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 2
- Depreciation
- 10
- 10
- Tax %
- 33.16%
- Net Profit
- 7
- 2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 393
- 373
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 2
- Depreciation
- 12
- 17
- Tax %
- 12.24%
- Net Profit
- 15
- 5
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 405
- 370
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 3
- Depreciation
- 13
- 31
- Tax %
- 38.16%
- Net Profit
- 19
- 6
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 382
- 344
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 3
- Depreciation
- 12
- 43
- Tax %
- 15.51%
- Net Profit
- 37
- 12
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 392
- 365
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 2
- Depreciation
- 10
- 30
- Tax %
- 25.25%
- Net Profit
- 22
- 7
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 373
- 355
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 2
- Depreciation
- 12
- 19
- Tax %
- 16.77%
- Net Profit
- 16
- 5
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 331
- 332
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 2
- Depreciation
- 13
- -10
- Tax %
- 24.73%
- Net Profit
- -8
- -2
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 401
- 371
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 3
- Depreciation
- 14
- 35
- Tax %
- 19.02%
- Net Profit
- 29
- 9
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 440
- 430
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 4
- Depreciation
- 12
- 17
- Tax %
- 25.85%
- Net Profit
- 12
- 0
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 31
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 944 | 1,089 | 1,348 | 1,273 | 1,299 | 1,785 | 1,648 | 1,414 | 1,563 | 1,497 | 1,545 | |
| 867 | 1,010 | 1,203 | 1,123 | 1,078 | 1,514 | 1,535 | 1,415 | 1,453 | 1,423 | 1,487 | |
| Operating Profit | 127 | 143 | 337 | 370 | 559 | 608 | 370 | 36 | 158 | 133 | — |
| OPM % | 13 | 13 | 25 | 29 | 43 | 34 | 22 | 3 | 10 | 9 | — |
| Other Income | 50 | 64 | 192 | 220 | 339 | 337 | 257 | 37 | 49 | 59 | 51 |
| Interest | 19 | 16 | 5 | 3 | 3 | 2 | 1 | 3 | 10 | 9 | 11 |
| Depreciation | 53 | 48 | 45 | 55 | 57 | 51 | 48 | 46 | 47 | 50 | 52 |
| 55 | 79 | 287 | 313 | 499 | 555 | 321 | -14 | 101 | 74 | 61 | |
| Tax % | 17 | 26 | 21 | 27 | 9 | 11 | 8 | 33 | 24 | 20 | 19 |
| Net Profit | 46 | 59 | 228 | 230 | 453 | 491 | 295 | -9 | 77 | 59 | 50 |
| EPS | 14 | 18 | 71 | 72 | 144 | 157 | 94 | -3 | 25 | 19 | — |
| Dividend Payout % | 49 | 217 | 72 | 24 | 114 | 66 | 94 | -104 | 55 | 16 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 14 | 18 | 71 | 72 | 144 | 157 | 94 | -3 | 25 | 19 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 14 | 18 | 71 | 72 | 144 | 157 | 94 | -3 | 25 | 19 | — |
Mar 2017
- 944
- 867
- Operating Profit
- 127
- OPM %
- 13
- Other Income
- 50
- Interest
- 19
- Depreciation
- 53
- 55
- Tax %
- 17
- Net Profit
- 46
- EPS
- 14
- Dividend Payout %
- 49
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2018
- 1,089
- 1,010
- Operating Profit
- 143
- OPM %
- 13
- Other Income
- 64
- Interest
- 16
- Depreciation
- 48
- 79
- Tax %
- 26
- Net Profit
- 59
- EPS
- 18
- Dividend Payout %
- 217
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 18
Mar 2019
- 1,348
- 1,203
- Operating Profit
- 337
- OPM %
- 25
- Other Income
- 192
- Interest
- 5
- Depreciation
- 45
- 287
- Tax %
- 21
- Net Profit
- 228
- EPS
- 71
- Dividend Payout %
- 72
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 71
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 71
Mar 2020
- 1,273
- 1,123
- Operating Profit
- 370
- OPM %
- 29
- Other Income
- 220
- Interest
- 3
- Depreciation
- 55
- 313
- Tax %
- 27
- Net Profit
- 230
- EPS
- 72
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 72
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 72
Mar 2021
- 1,299
- 1,078
- Operating Profit
- 559
- OPM %
- 43
- Other Income
- 339
- Interest
- 3
- Depreciation
- 57
- 499
- Tax %
- 9
- Net Profit
- 453
- EPS
- 144
- Dividend Payout %
- 114
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 144
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 144
Mar 2022
- 1,785
- 1,514
- Operating Profit
- 608
- OPM %
- 34
- Other Income
- 337
- Interest
- 2
- Depreciation
- 51
- 555
- Tax %
- 11
- Net Profit
- 491
- EPS
- 157
- Dividend Payout %
- 66
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 157
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 157
Mar 2023
- 1,648
- 1,535
- Operating Profit
- 370
- OPM %
- 22
- Other Income
- 257
- Interest
- 1
- Depreciation
- 48
- 321
- Tax %
- 8
- Net Profit
- 295
- EPS
- 94
- Dividend Payout %
- 94
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 94
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 94
Mar 2024
- 1,414
- 1,415
- Operating Profit
- 36
- OPM %
- 3
- Other Income
- 37
- Interest
- 3
- Depreciation
- 46
- -14
- Tax %
- 33
- Net Profit
- -9
- EPS
- -3
- Dividend Payout %
- -104
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2025
- 1,563
- 1,453
- Operating Profit
- 158
- OPM %
- 10
- Other Income
- 49
- Interest
- 10
- Depreciation
- 47
- 101
- Tax %
- 24
- Net Profit
- 77
- EPS
- 25
- Dividend Payout %
- 55
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 25
Mar 2026
- 1,497
- 1,423
- Operating Profit
- 133
- OPM %
- 9
- Other Income
- 59
- Interest
- 9
- Depreciation
- 50
- 74
- Tax %
- 20
- Net Profit
- 59
- EPS
- 19
- Dividend Payout %
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 19
TTM
- 1,545
- 1,487
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 11
- Depreciation
- 52
- 61
- Tax %
- 19
- Net Profit
- 50
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 4%
- 5 Years:
- 3%
- 3 Years:
- -3%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- -33%
- 3 Years:
- -41%
STOCK PRICE CAGR
- 10 Years:
- 15%
- 5 Years:
- -4%
- 3 Years:
- 2%
- 1 Year:
- 13%
RETURN ON EQUITY
- 10 Years:
- 32%
- 5 Years:
- 27%
- 3 Years:
- 6%
- Last Year:
- 8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 32 | 32 | 32 | 32 | 31 | 31 | 31 | 31 | 31 | 31 |
| 408 | 439 | 523 | 584 | 525 | 700 | 662 | 637 | 681 | 722 | |
| 171 | 172 | 101 | 83 | 114 | 74 | 26 | 111 | 63 | 119 | |
| Trade Payables | 10 | 16 | 21 | 16 | 27 | 28 | 25 | 18 | 36 | 33 |
| 67 | 108 | 235 | 294 | 129 | 312 | 69 | 41 | 101 | 169 | |
| Total Liabilities | 688 | 766 | 911 | 1,009 | 826 | 1,145 | 814 | 838 | 913 | 1,074 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 350 | 316 | 327 | 357 | 324 | 312 | 290 | 282 | 257 | 290 | |
| Capital Work in Progress | 0 | 2 | 4 | 5 | 5 | 7 | 10 | 2 | 4 | 4 |
| 47 | 47 | 55 | 119 | 49 | 82 | 47 | 49 | 82 | 85 | |
| 120 | 137 | 164 | 143 | 151 | 196 | 207 | 199 | 216 | 220 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 193 | 179 | 177 | |
| Cash & Bank | 3 | 4 | 5 | 7 | 41 | 23 | 30 | 24 | 25 | 63 |
| 168 | 260 | 356 | 377 | 255 | 526 | 230 | 89 | 149 | 234 | |
| Total Assets | 688 | 766 | 911 | 1,009 | 826 | 1,145 | 814 | 838 | 913 | 1,074 |
| Total Debt | 205 | 218 | 218 | 167 | 161 | 88 | 26 | 111 | 128 | 240 |
| Net Working Capital | 40 | 109 | 251 | 281 | 207 | 368 | 330 | 315 | 365 | 344 |
| Contingent Liabilities | 27 | 30 | 14 | 20 | 23 | 23 | 25 | 7 | 0 | 0 |
| Book Value per Share | 137.69 | 147.18 | 173.54 | 192.53 | 177.17 | 232.99 | 221.02 | 212.90 | 227.05 | 239.94 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 205 | 218 | 218 | 167 | 161 | 88 | 26 | 111 | 128 | 240 |
| Net Working Capital | 40 | 109 | 251 | 281 | 207 | 368 | 330 | 315 | 365 | 344 |
| Contingent Liabilities | 27 | 30 | 14 | 20 | 23 | 23 | 25 | 7 | 0 | 0 |
| Book Value per Share | 137.69 | 147.18 | 173.54 | 192.53 | 177.17 | 232.99 | 221.02 | 212.90 | 227.05 | 239.94 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 32
- 408
- 171
- Trade Payables
- 10
- 67
- Total Liabilities
- 688
- 350
- Capital Work in Progress
- 0
- 47
- 120
- 0
- Cash & Bank
- 3
- 168
- Total Assets
- 688
- Total Debt
- 205
- Net Working Capital
- 40
- Contingent Liabilities
- 27
- Book Value per Share
- 137.69
- Face Value
- 10.00
- Total Debt
- 205
- Net Working Capital
- 40
- Contingent Liabilities
- 27
- Book Value per Share
- 137.69
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 32
- 439
- 172
- Trade Payables
- 16
- 108
- Total Liabilities
- 766
- 316
- Capital Work in Progress
- 2
- 47
- 137
- 0
- Cash & Bank
- 4
- 260
- Total Assets
- 766
- Total Debt
- 218
- Net Working Capital
- 109
- Contingent Liabilities
- 30
- Book Value per Share
- 147.18
- Face Value
- 10.00
- Total Debt
- 218
- Net Working Capital
- 109
- Contingent Liabilities
- 30
- Book Value per Share
- 147.18
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 32
- 523
- 101
- Trade Payables
- 21
- 235
- Total Liabilities
- 911
- 327
- Capital Work in Progress
- 4
- 55
- 164
- 0
- Cash & Bank
- 5
- 356
- Total Assets
- 911
- Total Debt
- 218
- Net Working Capital
- 251
- Contingent Liabilities
- 14
- Book Value per Share
- 173.54
- Face Value
- 10.00
- Total Debt
- 218
- Net Working Capital
- 251
- Contingent Liabilities
- 14
- Book Value per Share
- 173.54
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 32
- 584
- 83
- Trade Payables
- 16
- 294
- Total Liabilities
- 1,009
- 357
- Capital Work in Progress
- 5
- 119
- 143
- 0
- Cash & Bank
- 7
- 377
- Total Assets
- 1,009
- Total Debt
- 167
- Net Working Capital
- 281
- Contingent Liabilities
- 20
- Book Value per Share
- 192.53
- Face Value
- 10.00
- Total Debt
- 167
- Net Working Capital
- 281
- Contingent Liabilities
- 20
- Book Value per Share
- 192.53
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 31
- 525
- 114
- Trade Payables
- 27
- 129
- Total Liabilities
- 826
- 324
- Capital Work in Progress
- 5
- 49
- 151
- 0
- Cash & Bank
- 41
- 255
- Total Assets
- 826
- Total Debt
- 161
- Net Working Capital
- 207
- Contingent Liabilities
- 23
- Book Value per Share
- 177.17
- Face Value
- 10.00
- Total Debt
- 161
- Net Working Capital
- 207
- Contingent Liabilities
- 23
- Book Value per Share
- 177.17
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 31
- 700
- 74
- Trade Payables
- 28
- 312
- Total Liabilities
- 1,145
- 312
- Capital Work in Progress
- 7
- 82
- 196
- 0
- Cash & Bank
- 23
- 526
- Total Assets
- 1,145
- Total Debt
- 88
- Net Working Capital
- 368
- Contingent Liabilities
- 23
- Book Value per Share
- 232.99
- Face Value
- 10.00
- Total Debt
- 88
- Net Working Capital
- 368
- Contingent Liabilities
- 23
- Book Value per Share
- 232.99
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 31
- 662
- 26
- Trade Payables
- 25
- 69
- Total Liabilities
- 814
- 290
- Capital Work in Progress
- 10
- 47
- 207
- 0
- Cash & Bank
- 30
- 230
- Total Assets
- 814
- Total Debt
- 26
- Net Working Capital
- 330
- Contingent Liabilities
- 25
- Book Value per Share
- 221.02
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 330
- Contingent Liabilities
- 25
- Book Value per Share
- 221.02
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 31
- 637
- 111
- Trade Payables
- 18
- 41
- Total Liabilities
- 838
- 282
- Capital Work in Progress
- 2
- 49
- 199
- 193
- Cash & Bank
- 24
- 89
- Total Assets
- 838
- Total Debt
- 111
- Net Working Capital
- 315
- Contingent Liabilities
- 7
- Book Value per Share
- 212.90
- Face Value
- 10.00
- Total Debt
- 111
- Net Working Capital
- 315
- Contingent Liabilities
- 7
- Book Value per Share
- 212.90
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 31
- 681
- 63
- Trade Payables
- 36
- 101
- Total Liabilities
- 913
- 257
- Capital Work in Progress
- 4
- 82
- 216
- 179
- Cash & Bank
- 25
- 149
- Total Assets
- 913
- Total Debt
- 128
- Net Working Capital
- 365
- Contingent Liabilities
- 0
- Book Value per Share
- 227.05
- Face Value
- 10.00
- Total Debt
- 128
- Net Working Capital
- 365
- Contingent Liabilities
- 0
- Book Value per Share
- 227.05
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 31
- 722
- 119
- Trade Payables
- 33
- 169
- Total Liabilities
- 1,074
- 290
- Capital Work in Progress
- 4
- 85
- 220
- 177
- Cash & Bank
- 63
- 234
- Total Assets
- 1,074
- Total Debt
- 240
- Net Working Capital
- 344
- Contingent Liabilities
- 0
- Book Value per Share
- 239.94
- Face Value
- 10.00
- Total Debt
- 240
- Net Working Capital
- 344
- Contingent Liabilities
- 0
- Book Value per Share
- 239.94
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 12 | 33 | 155 | 157 | 142 | 158 | -44 | 112 | 100 | |
| Cash from Investing | -25 | 22 | 111 | 68 | 351 | 271 | 225 | -8 | -89 | -138 |
| Cash from Financing | 6 | -33 | -144 | -221 | -498 | -410 | -386 | 56 | -23 | 79 |
| -3 | 1 | -0 | 2 | 10 | 2 | -2 | 4 | -1 | 41 | |
| Free Cash Flow | 16 | -2 | -24 | 69 | 142 | 115 | 138 | -73 | 92 | 32 |
| OCF / Net Profit | 0.36 | 0.21 | 0.14 | 0.67 | 0.35 | 0.29 | 0.54 | 4.81 | 1.45 | 1.69 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 201 | 300 | 440 | 391 | 414 | 304 |
| OCF / Net Profit | 0.36 | 0.21 | 0.14 | 0.67 | 0.35 | 0.29 | 0.54 | 4.81 | 1.45 | 1.69 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 201 | 300 | 440 | 391 | 414 | 304 |
Mar 2017
- 16
- Cash from Investing
- -25
- Cash from Financing
- 6
- -3
- Free Cash Flow
- 16
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.36
- Cumulative 5-Year FCF
- 0
Mar 2018
- 12
- Cash from Investing
- 22
- Cash from Financing
- -33
- 1
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.21
- Cumulative 5-Year FCF
- 0
Mar 2019
- 33
- Cash from Investing
- 111
- Cash from Financing
- -144
- -0
- Free Cash Flow
- -24
- OCF / Net Profit
- 0.14
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.14
- Cumulative 5-Year FCF
- 0
Mar 2020
- 155
- Cash from Investing
- 68
- Cash from Financing
- -221
- 2
- Free Cash Flow
- 69
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 0
Mar 2021
- 157
- Cash from Investing
- 351
- Cash from Financing
- -498
- 10
- Free Cash Flow
- 142
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 201
- OCF / Net Profit
- 0.35
- Cumulative 5-Year FCF
- 201
Mar 2022
- 142
- Cash from Investing
- 271
- Cash from Financing
- -410
- 2
- Free Cash Flow
- 115
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 300
- OCF / Net Profit
- 0.29
- Cumulative 5-Year FCF
- 300
Mar 2023
- 158
- Cash from Investing
- 225
- Cash from Financing
- -386
- -2
- Free Cash Flow
- 138
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 440
- OCF / Net Profit
- 0.54
- Cumulative 5-Year FCF
- 440
Mar 2024
- -44
- Cash from Investing
- -8
- Cash from Financing
- 56
- 4
- Free Cash Flow
- -73
- OCF / Net Profit
- 4.81
- Cumulative 5-Year FCF
- 391
- OCF / Net Profit
- 4.81
- Cumulative 5-Year FCF
- 391
Mar 2025
- 112
- Cash from Investing
- -89
- Cash from Financing
- -23
- -1
- Free Cash Flow
- 92
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 414
- OCF / Net Profit
- 1.45
- Cumulative 5-Year FCF
- 414
Mar 2026
- 100
- Cash from Investing
- -138
- Cash from Financing
- 79
- 41
- Free Cash Flow
- 32
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 304
- OCF / Net Profit
- 1.69
- Cumulative 5-Year FCF
- 304
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 14.30 | 18.41 | 71.31 | 71.85 | 144.43 | 156.55 | 93.85 | -2.88 | 24.56 | 18.86 |
| Book Value (₹) | 137.69 | 147.18 | 173.54 | 192.53 | 177.17 | 232.99 | 221.02 | 212.90 | 227.05 | 239.94 |
| Dividend per Share (₹) | 7.00 | 40.00 | 51.00 | 17.00 | 164.00 | 104.00 | 88.00 | 3.00 | 13.50 | 3.00 |
| Cash EPS (₹) | 30.80 | 33.27 | 85.40 | 88.90 | 162.71 | 172.86 | 109.12 | 11.78 | 39.67 | 34.65 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 12.80% | 12.57% | 24.58% | 28.60% | 41.63% | 33.10% | 22.10% | -0.11% | 6.88% | 4.80% |
| Net Margin % | 4.60% | 5.19% | 16.63% | 17.75% | 33.75% | 26.76% | 17.59% | -0.62% | 4.82% | 3.83% |
| ROE % | 10.50% | 12.93% | 44.47% | 39.26% | 77.37% | 76.34% | 41.34% | -1.33% | 11.16% | 8.08% |
| ROCE % | 11.85% | 14.26% | 39.92% | 40.58% | 66.85% | 72.40% | 41.83% | -1.36% | 13.70% | 9.10% |
| 6.70% | 8.10% | 27.19% | 23.93% | 49.40% | 49.86% | 30.08% | -1.10% | 8.81% | 5.96% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 27 | 32 | 38 | 44 | 38 | 33 | 34 | 39 | 42 | 42 |
| Inventory Days | 39 | 41 | 40 | 43 | 40 | 34 | 44 | 50 | 47 | 52 |
| Payable Days | 6 | 6 | 8 | 8 | 10 | 10 | 9 | 8 | 10 | 13 |
| 59 | 67 | 71 | 79 | 68 | 58 | 70 | 82 | 80 | 81 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.46x | 0.46x | 0.39x | 0.27x | 0.29x | 0.12x | 0.04x | 0.17x | 0.18x | 0.32x |
| Interest Coverage (x) | 3.91x | 6.01x | 60.25x | 114.52x | 174.91x | 251.51x | 453.67x | -3.02x | 11.02x | 8.89x |
| 1.17x | 1.41x | 1.99x | 1.93x | 1.94x | 1.93x | 3.83x | 2.85x | 3.47x | 2.57x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -2.55% | 15.38% | 23.79% | -5.56% | 2.06% | 37.40% | -7.67% | -14.20% | 10.53% | -4.20% |
| Operating Profit Growth % | 18.03% | 12.18% | 136.18% | 9.87% | 50.99% | 8.73% | -39.12% | -90.32% | 342.13% | -16.00% |
| Net Profit Growth % | 69.65% | 28.81% | 287.26% | 0.76% | 97.29% | 8.40% | -40.05% | -103.07% | 951.51% | -23.19% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -103.07% | 951.52% | -23.19% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 48.65x | 39.59x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.60x | 5.26x | 3.11x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.39% | 1.13% | 0.40% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 69.54x | 24.32x | 18.94x |
Mar 2017
- EPS (₹)
- 14.30
- Book Value (₹)
- 137.69
- Dividend per Share (₹)
- 7.00
- Cash EPS (₹)
- 30.80
- Operating Margin %
- 12.80%
- Net Margin %
- 4.60%
- ROE %
- 10.50%
- ROCE %
- 11.85%
- 6.70%
- Debtor Days
- 27
- Inventory Days
- 39
- Payable Days
- 6
- 59
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 3.91x
- 1.17x
- Revenue Growth %
- -2.55%
- Operating Profit Growth %
- 18.03%
- Net Profit Growth %
- 69.65%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 18.41
- Book Value (₹)
- 147.18
- Dividend per Share (₹)
- 40.00
- Cash EPS (₹)
- 33.27
- Operating Margin %
- 12.57%
- Net Margin %
- 5.19%
- ROE %
- 12.93%
- ROCE %
- 14.26%
- 8.10%
- Debtor Days
- 32
- Inventory Days
- 41
- Payable Days
- 6
- 67
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 6.01x
- 1.41x
- Revenue Growth %
- 15.38%
- Operating Profit Growth %
- 12.18%
- Net Profit Growth %
- 28.81%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 71.31
- Book Value (₹)
- 173.54
- Dividend per Share (₹)
- 51.00
- Cash EPS (₹)
- 85.40
- Operating Margin %
- 24.58%
- Net Margin %
- 16.63%
- ROE %
- 44.47%
- ROCE %
- 39.92%
- 27.19%
- Debtor Days
- 38
- Inventory Days
- 40
- Payable Days
- 8
- 71
- Debt to Equity (x)
- 0.39x
- Interest Coverage (x)
- 60.25x
- 1.99x
- Revenue Growth %
- 23.79%
- Operating Profit Growth %
- 136.18%
- Net Profit Growth %
- 287.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 71.85
- Book Value (₹)
- 192.53
- Dividend per Share (₹)
- 17.00
- Cash EPS (₹)
- 88.90
- Operating Margin %
- 28.60%
- Net Margin %
- 17.75%
- ROE %
- 39.26%
- ROCE %
- 40.58%
- 23.93%
- Debtor Days
- 44
- Inventory Days
- 43
- Payable Days
- 8
- 79
- Debt to Equity (x)
- 0.27x
- Interest Coverage (x)
- 114.52x
- 1.93x
- Revenue Growth %
- -5.56%
- Operating Profit Growth %
- 9.87%
- Net Profit Growth %
- 0.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 144.43
- Book Value (₹)
- 177.17
- Dividend per Share (₹)
- 164.00
- Cash EPS (₹)
- 162.71
- Operating Margin %
- 41.63%
- Net Margin %
- 33.75%
- ROE %
- 77.37%
- ROCE %
- 66.85%
- 49.40%
- Debtor Days
- 38
- Inventory Days
- 40
- Payable Days
- 10
- 68
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 174.91x
- 1.94x
- Revenue Growth %
- 2.06%
- Operating Profit Growth %
- 50.99%
- Net Profit Growth %
- 97.29%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 156.55
- Book Value (₹)
- 232.99
- Dividend per Share (₹)
- 104.00
- Cash EPS (₹)
- 172.86
- Operating Margin %
- 33.10%
- Net Margin %
- 26.76%
- ROE %
- 76.34%
- ROCE %
- 72.40%
- 49.86%
- Debtor Days
- 33
- Inventory Days
- 34
- Payable Days
- 10
- 58
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 251.51x
- 1.93x
- Revenue Growth %
- 37.40%
- Operating Profit Growth %
- 8.73%
- Net Profit Growth %
- 8.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 93.85
- Book Value (₹)
- 221.02
- Dividend per Share (₹)
- 88.00
- Cash EPS (₹)
- 109.12
- Operating Margin %
- 22.10%
- Net Margin %
- 17.59%
- ROE %
- 41.34%
- ROCE %
- 41.83%
- 30.08%
- Debtor Days
- 34
- Inventory Days
- 44
- Payable Days
- 9
- 70
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 453.67x
- 3.83x
- Revenue Growth %
- -7.67%
- Operating Profit Growth %
- -39.12%
- Net Profit Growth %
- -40.05%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -2.88
- Book Value (₹)
- 212.90
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 11.78
- Operating Margin %
- -0.11%
- Net Margin %
- -0.62%
- ROE %
- -1.33%
- ROCE %
- -1.36%
- -1.10%
- Debtor Days
- 39
- Inventory Days
- 50
- Payable Days
- 8
- 82
- Debt to Equity (x)
- 0.17x
- Interest Coverage (x)
- -3.02x
- 2.85x
- Revenue Growth %
- -14.20%
- Operating Profit Growth %
- -90.32%
- Net Profit Growth %
- -103.07%
- -103.07%
- P/E (x)
- 0.00x
- P/B (x)
- 3.60x
- Dividend Yield %
- 0.39%
- 69.54x
Mar 2025
- EPS (₹)
- 24.56
- Book Value (₹)
- 227.05
- Dividend per Share (₹)
- 13.50
- Cash EPS (₹)
- 39.67
- Operating Margin %
- 6.88%
- Net Margin %
- 4.82%
- ROE %
- 11.16%
- ROCE %
- 13.70%
- 8.81%
- Debtor Days
- 42
- Inventory Days
- 47
- Payable Days
- 10
- 80
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 11.02x
- 3.47x
- Revenue Growth %
- 10.53%
- Operating Profit Growth %
- 342.13%
- Net Profit Growth %
- 951.51%
- 951.52%
- P/E (x)
- 48.65x
- P/B (x)
- 5.26x
- Dividend Yield %
- 1.13%
- 24.32x
Mar 2026
- EPS (₹)
- 18.86
- Book Value (₹)
- 239.94
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 34.65
- Operating Margin %
- 4.80%
- Net Margin %
- 3.83%
- ROE %
- 8.08%
- ROCE %
- 9.10%
- 5.96%
- Debtor Days
- 42
- Inventory Days
- 52
- Payable Days
- 13
- 81
- Debt to Equity (x)
- 0.32x
- Interest Coverage (x)
- 8.89x
- 2.57x
- Revenue Growth %
- -4.20%
- Operating Profit Growth %
- -16.00%
- Net Profit Growth %
- -23.19%
- -23.19%
- P/E (x)
- 39.59x
- P/B (x)
- 3.11x
- Dividend Yield %
- 0.40%
- 18.94x
Documents
Announcements
- General Updates
2026-08-17 - Polyplex Corporation Limited has informed the Exchange about Submission of Newspaper Notice regarding dispatch of Annual Report for the FY 2025-26 and Notice of 41st AGM
- Shareholders meeting
2026-08-14 - Polyplex Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 08, 2026 and Annual Report for the financial year 2025-26.
Annual Reports
Credit Ratings
Nothing filed yet.