Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12.04 | 13.27 | 14.85 | 13.19 | 7.41 | 10.47 | 10.59 | 13.07 | 10.09 | 8.86 | 11.94 | 12.13 |
| Expenses | 10.09 | 11.09 | 12.22 | 11.06 | 7.93 | 9.26 | 9.70 | 10.72 | 9.24 | 8.66 | 10.92 | 12.17 |
| Operating Profit | 1.95 | 2.18 | 2.63 | 2.13 | -0.52 | 1.21 | 0.89 | 2.35 | 0.85 | 0.20 | 1.02 | -0.04 |
| OPM % | 16.20% | 16.43% | 17.71% | 16.15% | -7.02% | 11.56% | 8.40% | 17.98% | 8.42% | 2.26% | 8.54% | -0.33% |
| Other Income | 0.38 | 0.49 | 0.57 | 0.55 | 0.70 | 0.36 | 0.63 | 3.35 | 0.48 | 28.99 | 0.53 | 1.29 |
| Interest | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Depreciation | 0.26 | 0.26 | 0.26 | 0.22 | 0.26 | 0.26 | 0.28 | 0.21 | 0.20 | 0.21 | 0.25 | 0.19 |
| Profit before tax | 2.03 | 2.37 | 2.90 | 2.42 | -0.12 | 1.28 | 1.21 | 5.46 | 1.10 | 28.95 | 1.27 | 1.03 |
| Tax % | 18.23% | 18.99% | 7.59% | 28.10% | 66.67% | 12.50% | 2.48% | 11.17% | 16.36% | 12.02% | 208.66% | 31.07% |
| Net Profit | 1.66 | 1.92 | 2.68 | 1.74 | -0.20 | 1.11 | 1.19 | 4.84 | 0.92 | 25.47 | -1.39 | 0.72 |
| EPS in Rs | 37.38 | 43.07 | 58.17 | 37.38 | -11.39 | 21.78 | 22.28 | 83.91 | 17.82 | 338.12 | -35.89 | 9.41 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 13 | 27 | 31 | 42 | 37 | 25 | 36 | 51 | 54 | 42 | 44 | 43 |
| Expenses | 13 | 27 | 30 | 36 | 33 | 24 | 35 | 45 | 45 | 38 | 40 | 41 |
| Operating Profit | -0 | 0 | 1 | 6 | 4 | 1 | 1 | 6 | 9 | 4 | 4 | 2 |
| OPM % | -2.4% | 0.5% | 1.7% | 14% | 11% | 2.6% | 2.0% | 11% | 16% | 9% | 10% | 4.7% |
| Other Income | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 6 | 2 | 2 | 33 | 31 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | 1 | 6 | 4 | 1 | 1 | 11 | 10 | 5 | 37 | 32 |
| Tax % | 28% | -32% | 7% | 0% | 16% | -2% | -13% | 8% | 14% | 20% | 19% | |
| Net Profit | 0 | 1 | 1 | 6 | 4 | 1 | 1 | 10 | 8 | 4 | 30 | 26 |
| EPS in Rs | 8.42 | 20.05 | 5.69 | 89.60 | 75.99 | 20.54 | 12.62 | 178.96 | 178.22 | 70.05 | 403.96 | 329.46 |
| Dividend Payout % | 29% | 12% | 0% | 3% | 16% | 0% | 24% | 11% | 17% | 28% | 5% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | 12% | -5% | 4% | ||
| Compounded Profit Growth | % | % | % | 183% | ||
| Stock Price CAGR | 16% | 29% | -6% | -24% | ||
| Return on Equity | 7% | 6% | 5% | -7% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Reserves | 15 | 18 | 18 | 22 | 25 | 25 | 28 | 34 | 41 | 44 | 59 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 1 | 1 |
| Other Liabilities | 1 | 3 | 4 | 5 | 7 | 8 | 5 | 8 | 8 | 9 | 22 |
| Total Liabilities | 16 | 22 | 22 | 28 | 32 | 33 | 33 | 44 | 51 | 54 | 83 |
| Fixed Assets | 1 | 2 | 2 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2 | 3 | 3 | 7 | 8 | 10 | 9 | 19 | 23 | 28 | 58 |
| Other Assets | 14 | 17 | 17 | 17 | 21 | 20 | 21 | 21 | 25 | 22 | 19 |
| Total Assets | 16 | 22 | 22 | 28 | 32 | 33 | 33 | 44 | 51 | 54 | 83 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 0 | 0 | 4 | 6 | 1 | -2 | 5 | 6 | 2 | -1 |
| Cash from Investing Activity | 0 | -0 | 0 | -4 | -4 | 1 | -1 | -4 | -3 | -1 | 0 |
| Cash from Financing Activity | 0 | -0 | -0 | 0 | -0 | -1 | -0 | -0 | -1 | -2 | -1 |
| Net Cash Flow | 0 | -0 | 0 | -1 | 2 | 1 | -3 | 1 | 2 | 0 | -2 |
| Free Cash Flow | 0 | -0 | -0 | 2 | 5 | 1 | -2 | 9 | 6 | 2 | 26 |
| CFO/OP | 0% | -442% | 58% | 59% | 164% | 191% | -316% | 109% | 90% | 86% | 117% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 68 | 74 | 86 | 75 | 77 | 107 | 100 | 56 | 55 | 63 | 54 |
| Inventory Days | 120 | 118 | 96 | 73 | 79 | 120 | 94 | 96 | 93 | 126 | 110 |
| Days Payable | 38 | 39 | 43 | 16 | 20 | 41 | 28 | 18 | 18 | 8 | 2 |
| Cash Conversion Cycle | 151 | 153 | 139 | 132 | 136 | 186 | 166 | 134 | 130 | 181 | 163 |
| Working Capital Days | 260 | 80 | 75 | 80 | 62 | 92 | 126 | 87 | 86 | 118 | 101 |
| ROCE % | 5% | 4% | 34% | 19% | 5% | 3% | 18% | 23% | 10% | 56% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% | 52.09% |
| DIIs | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% | 2.98% | 2.98% |
| Public | 44.93% | 44.91% | 44.93% | 44.92% | 44.93% | 44.93% | 44.92% | 44.93% | 44.93% | 44.93% | 44.93% | 44.93% |
| No. of Shareholders | 5,839 | 5,888 | 5,899 | 5,988 | 6,063 | 5,835 | 5,792 | 5,800 | 5,753 | 5,747 | 5,704 | 5,696 |
Fundamentals
Market Cap₹ 76.0 Cr.
Current Price₹ 1,900
Stock P/E5.71
Book Value₹ 1,482
ROCE56.4 %
ROE-7.09 %
Dividend Yield1.05 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)183%
Consolidated figures.
Valuation
Market capRs 74 Cr
Enterprise valueRs 73 Cr
P/E (TTM)5.56x
Price to book1.24x
Price to sales1.72x
EV / EBITDA2.18x
EV / EBIT2.23x
EV / sales1.69x
Earnings yield17.98%
Dividend yield1.08%
P/E, 3-year average14.97x
P/B, 3-year average1.79x
P/E, 5-year average19.19x
P/B, 5-year average1.46x
Profitability
Operating margin (excl. other income)9.28%
Operating margin (incl. other income)85.13%
EBITDA margin77.45%
Pre-tax margin75.20%
Net profit margin30.94%
Net margin, latest quarter3.13%
ROE31.30%
ROCE69.06%
ROA23.72%
ROE, 3-year average18.95%
ROCE, 3-year average34.95%
ROA, 3-year average14.75%
ROE, 5-year average16.36%
ROCE, 5-year average28.32%
ROA, 5-year average12.92%
ROIC (approx.)45.14%
Tax rate18.87%
Other income / net worth55.70%
Growth
Sales growth (latest year)5.57%
Profit growth (latest year)476.68%
Sales CAGR, 3 years-4.97%
Sales CAGR, 5 years12.29%
Profit CAGR, 3 years31.18%
Profit CAGR, 5 years81.44%
Sales growth QoQ1.59%
Sales growth YoY (latest quarter)-7.19%
Profit growth YoY (latest quarter)-88.79%
Per share
EPS (TTM)Rs 329.42
EPS (latest year)Rs 403.92
EPS (latest quarter)Rs 9.40
EPS, 3-year averageRs 217.38
EPS, 5-year averageRs 168.74
Book value per shareRs 1,481.77
Sales per shareRs 1,064.73
Cash flow per shareRs -22.03
Free cash flow per shareRs 643.49
Dividend per share (latest year)Rs 19.80
Dividend per share, 3-year averageRs 23.10
Dividend per share, 5-year averageRs 18.41
Dividends
Dividend payout4.90%
Dividend payout, 3-year average16.61%
Dividend payout, 5-year average16.89%
Efficiency
Asset turnover0.53x
Fixed asset turnover7.24x
Inventory turnover3.32x
Inventory days110 days
Debtor days54 days
Debtors turnover6.71x
Creditor days2 days
Cash conversion cycle163 days
Working capital days101 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 3 Cr
Net debtRs -2 Cr
Debt to equity0.02x
Net debt / EBITDA-0.05x
Interest coverage270.58x
Owners' fund to total sources71.98%
Debt to assets1.41%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs 26 Cr
Cash from ops / profit, 5 years0.19x
Statement figures
Net sales (TTM)Rs 43 Cr
Net sales (latest year)Rs 44 Cr
Sales (latest quarter)Rs 12 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 31 Cr
EBITDA (TTM)Rs 33 Cr
PBDT (TTM)Rs 33 Cr
Profit before tax (TTM)Rs 32 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 13 Cr
Net profit (latest year)Rs 16 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 23 Cr
Total expenditure (latest year)Rs 40 Cr
Total income (latest year)Rs 77 Cr
Share capitalRs 0 Cr
ReservesRs 59 Cr
Shareholders' fundsRs 60 Cr
Total assetsRs 83 Cr
Net blockRs 6 Cr
InvestmentsRs 58 Cr
ReceivablesRs 7 Cr
InventoryRs 7 Cr
Other liabilitiesRs 22 Cr
Shares outstanding (crore)0.04
Ownership
Promoter holding52.09% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 5.6 is at the 19th percentile of its own 9.4-year range
(median 17.6, low 3.1, high 87.1).
P/B 1.24 is at the 55th percentile (median 0.97).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 506605 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -2.5% | -2.8% | +0.3 pts |
| 1 month | -2.8% | -6.8% | +4.0 pts |
| 3 months | -6.5% | -7.6% | +1.1 pts |
| 3 years | -16.7% | +14.2% | -30.9 pts |
| 5 years | +259.2% | +27.9% | +231.3 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 29% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 21% of total assets in 2026 |
| look | Profit leans on other income Other income was 91% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹12 Cr -7.2% vs Jun 2025.
Net profit ₹1 Cr -85.1%.
Activity
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| J.G.Chemicals Ltd | 2,576 | 34.3 | 18.1 % |
| Thirumalai Chemicals Ltd | 1,834 | -3.15 % | |
| I G Petrochemicals Ltd | 1,801 | 22.1 | 3.11 % |
| Indo Borax & Chemicals Ltd | 1,569 | 32.0 | 15.4 % |
| Innovassynth Technologies (India) Ltd | 1,405 | -16.4 % | |
| Citurgia Biochemicals Ltd | 1,380 | % | |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Polychem Ltd?
Polychem Ltd (506605) has a market capitalisation of Rs 76.0 Cr. at the 2026-10-01 close.
What is the P/E ratio of Polychem Ltd?
Polychem Ltd trades at a P/E of 5.71 on trailing twelve-month profit, at the 2026-10-01 close.
What were Polychem Ltd's latest quarterly results?
In the Jun 2026 quarter, Polychem Ltd sales was Rs 12 Cr (-7.2% vs Jun 2025) and net profit was Rs 1 Cr.