Polysil Irrigation Systems Ltd.

55.05-4.92%

2026-08-21

polysilirrigation.comBSE: -NSE: POLYSIL
Market Cap₹ 161 Cr.
Current Price₹ 58
High / Low₹ 357 / 61
Stock P/E0.0
Book Value₹ 23
Price to Book1.30
Dividend Yield0.00 %
ROCE1.3 %
ROE-8.1 %
Face Value₹ 10

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ABOUT

KEY POINTS

PROS

  • Company generates healthy free cash flow

CONS

  • Company is loss-making at the operating / net level
  • Receivables are growing faster than sales - a possible quality concern
  • Company has a low return on equity of 2.7% over last 3 years
  • Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -2.53x)
  • Company has a low return on capital employed of 9.3%
  • Interest coverage is weak at 0.3x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.SUPREMEIND3610.5044.4245863.051.00280.7238.762717.664.1621.4917.33
2.ASTRAL1539.0071.8441345.260.26120.2051.771578.0015.9319.9514.65
3.GRWRHITECH7048.1542.2216374.540.17132.6559.78633.0827.9020.4127.17
4.SHAILY3367.7587.6115490.050.0948.0116.75280.6713.7719.5529.59
5.FINPIPE158.2015.959815.941.74114.5216.67883.58-15.3017.4012.09
6.TIMETECHNO190.9019.249423.500.791178.601120.7116927.101151.4018.1613.25
7.KINGFA5772.150.007822.060.0080.21101.58688.5749.0630.7016.12
8.RESPONIND156.7041.244177.760.062.74-94.51192.87-43.0610.7612.09
9.POLYPLEX1174.3523.743686.570.26171.07386.022253.6229.621.5113.15
10.PRINCEPIPE283.050.003129.430.35337.496900.416094.18949.973.9212.66
11.NILKAMAL2030.7024.313030.320.9824.4059.20819.73-7.1810.769.44
12.POLYSIL60.900.00161.420.002.0150.941.2630.60
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2025
25
18
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
8
Tax %
0.00%
Net Profit
8
1
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
11
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
0
1
Operating Profit
OPM %
Other Income
0
Interest
0
Depreciation
0
-1
Tax %
-2.51%
Net Profit
-1
-0
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
15
12
Operating Profit
OPM %
Other Income
1
Interest
1
Depreciation
0
3
Tax %
3.30%
Net Profit
3
1
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
23
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
51
45
Operating Profit
OPM %
Other Income
0
Interest
8
Depreciation
2
6
Tax %
66.44%
Net Profit
2
0
Equity Capital
265
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
265
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
55
52
Operating Profit
3
OPM %
6
Other Income
0
Interest
1
Depreciation
1
1
Tax %
38
Net Profit
1
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2022
38
35
Operating Profit
3
OPM %
8
Other Income
0
Interest
1
Depreciation
1
1
Tax %
51
Net Profit
0
EPS
0
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
0
Mar 2023
44
40
Operating Profit
4
OPM %
10
Other Income
0
Interest
1
Depreciation
1
2
Tax %
64
Net Profit
1
EPS
1
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Minority Interest
0
Share of Associates
0
Adjusted EPS
1
Mar 2024
44
39
Operating Profit
6
OPM %
13
Other Income
0
Interest
2
Depreciation
1
3
Tax %
31
Net Profit
2
EPS
2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Minority Interest
0
Share of Associates
0
Adjusted EPS
2
Mar 2025
14
13
Operating Profit
1
OPM %
9
Other Income
0
Interest
2
Depreciation
1
-1
Tax %
-38
Net Profit
-2
EPS
-2
Dividend Payout %
0
Minority Interest
0
Share of Associates
0
Adjusted EPS
-2
Minority Interest
0
Share of Associates
0
Adjusted EPS
-2
TTM
92
76
Operating Profit
OPM %
Other Income
1
Interest
9
Depreciation
2
15
Tax %
27
Net Profit
11
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:
5 Years:
3 Years:
-28%

COMPOUNDED PROFIT GROWTH

10 Years:
5 Years:
3 Years:

STOCK PRICE CAGR

10 Years:
5 Years:
3 Years:
1 Year:
290%

RETURN ON EQUITY

10 Years:
5 Years:
3%
3 Years:
3%
Last Year:
-8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

No bonus data found

Mar 2021
Equity Capital
0
13
9
Trade Payables
9
11
Total Liabilities
42
7
12
0
Cash & Bank
1
22
Total Assets
42
Total Debt
11
Net Working Capital
9
Contingent Liabilities
0
Book Value per Share
2941.36
Face Value
100.00
Total Debt
11
Net Working Capital
9
Contingent Liabilities
0
Book Value per Share
2941.36
Face Value
100.00
Mar 2022
Equity Capital
0
13
12
Trade Payables
9
11
Total Liabilities
46
8
12
0
Cash & Bank
1
25
Total Assets
46
Total Debt
15
Net Working Capital
10
Contingent Liabilities
0
Book Value per Share
3015.52
Face Value
100.00
Total Debt
15
Net Working Capital
10
Contingent Liabilities
0
Book Value per Share
3015.52
Face Value
100.00
Mar 2023
Equity Capital
10
5
14
Trade Payables
13
13
Total Liabilities
55
9
14
0
Cash & Bank
1
31
Total Assets
55
Total Debt
15
Net Working Capital
11
Contingent Liabilities
0
Book Value per Share
15.52
Face Value
10.00
Total Debt
15
Net Working Capital
11
Contingent Liabilities
0
Book Value per Share
15.52
Face Value
10.00
Mar 2024
Equity Capital
11
14
15
Trade Payables
23
16
Total Liabilities
78
9
16
48
Cash & Bank
1
5
Total Assets
78
Total Debt
17
Net Working Capital
20
Contingent Liabilities
0
Book Value per Share
22.02
Face Value
10.00
Total Debt
17
Net Working Capital
20
Contingent Liabilities
0
Book Value per Share
22.02
Face Value
10.00
Mar 2025
Equity Capital
11
11
15
Trade Payables
28
23
Total Liabilities
89
8
30
42
Cash & Bank
1
8
Total Assets
89
Total Debt
17
Net Working Capital
16
Contingent Liabilities
0
Book Value per Share
18.26
Face Value
10.00
Total Debt
17
Net Working Capital
16
Contingent Liabilities
0
Book Value per Share
18.26
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
-0
Cash from Investing
-1
Cash from Financing
1
0
Free Cash Flow
-0
OCF / Net Profit
-0.65
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.65
Cumulative 5-Year FCF
0
Mar 2022
-0
Cash from Investing
-2
Cash from Financing
2
-0
Free Cash Flow
-3
OCF / Net Profit
-1.22
Cumulative 5-Year FCF
0
OCF / Net Profit
-1.22
Cumulative 5-Year FCF
0
Mar 2023
2
Cash from Investing
-2
Cash from Financing
-0
-0
Free Cash Flow
0
OCF / Net Profit
2.30
Cumulative 5-Year FCF
0
OCF / Net Profit
2.30
Cumulative 5-Year FCF
0
Mar 2024
-6
Cash from Investing
-1
Cash from Financing
7
-0
Free Cash Flow
-6
OCF / Net Profit
-3.02
Cumulative 5-Year FCF
0
OCF / Net Profit
-3.02
Cumulative 5-Year FCF
0
Mar 2025
2
Cash from Investing
1
Cash from Financing
-2
0
Free Cash Flow
2
OCF / Net Profit
-0.82
Cumulative 5-Year FCF
0
OCF / Net Profit
-0.82
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021
EPS (₹)
142.44
Book Value (₹)
2941.36
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.74
Operating Margin %
5.73%
Net Margin %
1.17%
ROE %
4.84%
ROCE %
8.90%
1.55%
Debtor Days
119
Inventory Days
77
Payable Days
110
85
Debt to Equity (x)
0.83x
Interest Coverage (x)
1.91x
1.38x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2022
EPS (₹)
74.18
Book Value (₹)
3015.52
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.12
Operating Margin %
7.37%
Net Margin %
0.86%
ROE %
2.49%
ROCE %
8.18%
0.77%
Debtor Days
185
Inventory Days
110
Payable Days
177
118
Debt to Equity (x)
1.09x
Interest Coverage (x)
1.46x
1.38x
Revenue Growth %
-31.08%
Operating Profit Growth %
-8.91%
Net Profit Growth %
-47.92%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2023
EPS (₹)
0.88
Book Value (₹)
15.52
Dividend per Share (₹)
0.00
Cash EPS (₹)
1.41
Operating Margin %
10.03%
Net Margin %
1.98%
ROE %
5.97%
ROCE %
13.03%
1.71%
Debtor Days
207
Inventory Days
108
Payable Days
162
153
Debt to Equity (x)
1.01x
Interest Coverage (x)
2.60x
1.31x
Revenue Growth %
16.62%
Operating Profit Growth %
51.65%
Net Profit Growth %
157.19%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
1.83
Book Value (₹)
22.02
Dividend per Share (₹)
0.00
Cash EPS (₹)
2.47
Operating Margin %
12.51%
Net Margin %
4.66%
ROE %
10.28%
ROCE %
13.63%
3.10%
Debtor Days
310
Inventory Days
123
Payable Days
233
201
Debt to Equity (x)
0.67x
Interest Coverage (x)
2.57x
1.42x
Revenue Growth %
1.34%
Operating Profit Growth %
28.76%
Net Profit Growth %
138.68%
108.29%
P/E (x)
16.70x
P/B (x)
1.39x
Dividend Yield %
0.00%
8.80x
Mar 2025
EPS (₹)
-1.63
Book Value (₹)
18.26
Dividend per Share (₹)
0.00
Cash EPS (₹)
-1.01
Operating Margin %
6.92%
Net Margin %
-13.33%
ROE %
-8.11%
ROCE %
1.26%
-2.21%
Debtor Days
1179
Inventory Days
612
Payable Days
1040
751
Debt to Equity (x)
0.80x
Interest Coverage (x)
0.27x
1.26x
Revenue Growth %
-68.77%
Operating Profit Growth %
-78.68%
Net Profit Growth %
-189.39%
-189.39%
P/E (x)
0.00x
P/B (x)
1.30x
Dividend Yield %
0.00%
35.53x

Shareholding Pattern

Numbers in percentages

TRADES
Feb 2024
31.17
FIIs
0.00
0.00
Government
0.00
68.83
Mar 2024
31.17
FIIs
0.00
0.00
Government
0.00
68.83
Sep 2024
31.17
FIIs
0.00
0.00
Government
0.00
68.83
Mar 2025
31.17
FIIs
0.00
0.00
Government
0.00
68.83
Jun 2025
28.02
FIIs
0.00
0.00
Government
0.00
71.98
Sep 2025
28.02
FIIs
0.00
0.00
Government
0.00
71.98
Mar 2026
28.02
FIIs
0.00
1.99
Government
0.00
69.99
Jun 2026
23.79
FIIs
0.00
1.69
Government
0.00
74.52

Documents

Announcements

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.