Price
Financials
Standalone, 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 | 30.92 | 38.65 | 37.28 | 42.24 | 13.87 | 11.11 | 14.33 | 11.70 | 10.72 | 8.86 | 13.12 | 16.20 |
| Expenses | 29.53 | 37.18 | 35.85 | 41.93 | 13.72 | 10.95 | 11.03 | 10.70 | 9.79 | 8.59 | 12.88 | 15.14 |
| Operating Profit | 1.39 | 1.47 | 1.43 | 0.31 | 0.15 | 0.16 | 3.30 | 1.00 | 0.93 | 0.27 | 0.24 | 1.06 |
| OPM % | 4.50% | 3.80% | 3.84% | 0.73% | 1.08% | 1.44% | 23.03% | 8.55% | 8.68% | 3.05% | 1.83% | 6.54% |
| Other Income | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.09 | 0.01 | 0.02 | 0.03 | 0.05 | 0.02 |
| Interest | 0.78 | 0.67 | 0.62 | 0.75 | 0.85 | 0.81 | 0.82 | 0.82 | 0.79 | 0.77 | 0.70 | 0.75 |
| Depreciation | 0.12 | 0.12 | 0.34 | 0.12 | 0.12 | 0.12 | 0.20 | 0.15 | 0.15 | 0.15 | 0.28 | 0.15 |
| Profit before tax | 0.50 | 0.69 | 0.48 | -0.53 | -0.81 | -0.76 | 2.37 | 0.04 | 0.01 | -0.62 | -0.69 | 0.18 |
| Tax % | 0.00% | 2.90% | 114.58% | 0.00% | 0.00% | 0.00% | 5.91% | 0.00% | 0.00% | 0.00% | 20.29% | 0.00% |
| Net Profit | 0.50 | 0.67 | -0.07 | -0.53 | -0.81 | -0.76 | 2.23 | 0.04 | 0.01 | -0.62 | -0.82 | 0.18 |
| EPS in Rs | 0.59 | 0.79 | -0.08 | -0.62 | -0.95 | -0.89 | 2.62 | 0.05 | 0.01 | -0.56 | -0.75 | 0.16 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.53 | 21.94 | 26.97 | 24.37 | 22.90 | 48.32 | 72.91 | 82.65 | 127.92 | 78.09 | 44.40 | 48.90 |
| Expenses | 17.37 | 20.81 | 25.65 | 22.71 | 21.51 | 44.41 | 68.80 | 77.53 | 122.12 | 74.13 | 41.97 | 46.40 |
| Operating Profit | 1.16 | 1.13 | 1.32 | 1.66 | 1.39 | 3.91 | 4.11 | 5.12 | 5.80 | 3.96 | 2.43 | 2.50 |
| OPM % | 6.26% | 5.15% | 4.89% | 6.81% | 6.07% | 8.09% | 5.64% | 6.19% | 4.53% | 5.07% | 5.47% | 5.11% |
| Other Income | 0.08 | 0.27 | 0.04 | 0.02 | 0.02 | 0.40 | 0.55 | 0.28 | 0.04 | 0.14 | 0.12 | 0.12 |
| Interest | 0.84 | 0.93 | 0.79 | 0.91 | 0.97 | 3.32 | 2.84 | 3.16 | 2.85 | 3.23 | 3.08 | 3.01 |
| Depreciation | 0.25 | 0.21 | 0.28 | 0.33 | 0.36 | 0.42 | 0.48 | 0.54 | 0.70 | 0.56 | 0.73 | 0.73 |
| Profit before tax | 0.15 | 0.26 | 0.29 | 0.44 | 0.08 | 0.57 | 1.34 | 1.70 | 2.29 | 0.31 | -1.26 | -1.12 |
| Tax % | 0.00% | 15.38% | 17.24% | -6.82% | -12.50% | -15.79% | 31.34% | 30.59% | 31.88% | 41.94% | -9.52% | |
| Net Profit | 0.15 | 0.22 | 0.23 | 0.47 | 0.09 | 0.66 | 0.92 | 1.18 | 1.56 | 0.17 | -1.13 | -1.25 |
| EPS in Rs | 0.35 | 0.51 | 0.53 | 1.09 | 0.21 | 1.53 | 1.08 | 1.39 | 1.83 | 0.20 | -1.03 | -1.14 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | -2% | -19% | -4% | ||
| Compounded Profit Growth | % | % | % | -279% | ||
| Stock Price CAGR | 21% | 4% | -2% | -15% | ||
| Return on Equity | 5% | 4% | 1% | -6% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 4.30 | 8.52 | 8.52 | 8.52 | 8.52 | 8.52 | 11.00 |
| Reserves | -3.44 | -3.29 | -3.09 | -2.84 | -2.37 | -2.31 | 2.90 | 3.81 | 5.01 | 6.47 | 6.62 | 14.24 |
| Borrowings | 4.38 | 5.46 | 5.69 | 7.46 | 7.55 | 7.46 | 25.90 | 25.94 | 25.19 | 25.67 | 34.08 | 29.84 |
| Other Liabilities | 10.22 | 6.66 | 6.96 | 6.30 | 5.06 | 6.86 | 14.25 | 17.09 | 16.50 | 23.56 | 18.20 | 15.17 |
| Total Liabilities | 15.46 | 13.13 | 13.86 | 15.22 | 14.54 | 16.31 | 51.57 | 55.36 | 55.22 | 64.22 | 67.42 | 70.25 |
| Fixed Assets | 3.03 | 2.81 | 3.50 | 3.60 | 3.86 | 3.66 | 7.83 | 7.71 | 8.84 | 9.77 | 10.18 | 10.00 |
| CWIP | 0.30 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 12.13 | 10.31 | 10.36 | 11.62 | 10.68 | 12.65 | 43.74 | 47.65 | 46.38 | 54.45 | 57.24 | 60.25 |
| Total Assets | 15.46 | 13.13 | 13.86 | 15.22 | 14.54 | 16.31 | 51.57 | 55.36 | 55.22 | 64.22 | 67.42 | 70.25 |
| Mar 2015 | 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 | 0.22 | -1.77 | 1.14 | -0.62 | 1.39 | 1.22 | -1.73 | 3.20 | 5.97 | 3.47 | -3.66 | -2.62 |
| Cash from Investing Activity | -0.47 | 0.20 | -0.70 | -0.34 | -0.58 | -0.14 | -0.01 | -0.19 | -1.57 | -1.59 | -0.87 | -0.43 |
| Cash from Financing Activity | -0.08 | 1.08 | -0.70 | 0.97 | -0.81 | -1.08 | 1.34 | -2.81 | -3.57 | -1.92 | 5.69 | 4.17 |
| Net Cash Flow | -0.34 | -0.50 | -0.27 | 0.02 | 0.00 | 0.00 | -0.39 | 0.21 | 0.84 | -0.05 | 1.16 | 1.13 |
| Free Cash Flow | 0.17 | -1.81 | 0.28 | -1.00 | 0.79 | 1.06 | -2.12 | 2.83 | 4.30 | 1.84 | -4.64 | -3.16 |
| CFO/OP | 15% | -153% | 104% | -43% | 89% | 88% | -41% | 83% | 122% | 74% | -88% | -115% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 123.32 | 86.08 | 33.94 | 36.68 | 26.36 | 33.47 | 100.01 | 57.02 | 33.87 | 31.19 | 51.56 | 78.01 |
| Inventory Days | 127.01 | 102.73 | 123.25 | 113.12 | 146.24 | 184.09 | 218.96 | 166.83 | 168.33 | 125.70 | 215.52 | 437.38 |
| Days Payable | 175.90 | 38.81 | 36.63 | 19.49 | 20.20 | 62.21 | 125.81 | 95.43 | 80.23 | 71.47 | 91.43 | 101.63 |
| Cash Conversion Cycle | 74.43 | 150.00 | 120.56 | 130.30 | 152.40 | 155.35 | 193.16 | 128.43 | 121.97 | 85.42 | 175.64 | 413.76 |
| Working Capital Days | 4.51 | 47.27 | 12.48 | 20.71 | 13.33 | 18.33 | 33.16 | 27.78 | 30.74 | 24.77 | 29.91 | 115.01 |
| ROCE % | 17.99% | 16.91% | 17.35% | 13.65% | 14.67% | 11.09% | 16.63% | 11.06% | 12.63% | 12.95% | 7.88% | 3.49% |
| 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 | 61.90% | 61.72% | 61.26% | 61.26% | 61.16% | 61.16% | 61.16% | 61.16% | 61.16% | 60.26% | 46.65% | 46.65% |
| DIIs | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.24% | 0.18% | 0.18% |
| Public | 37.87% | 38.04% | 38.51% | 38.51% | 38.61% | 38.61% | 38.61% | 38.60% | 38.61% | 39.51% | 53.17% | 53.16% |
| No. of Shareholders | 10,111 | 10,158 | 10,221 | 10,199 | 10,158 | 10,139 | 10,105 | 10,098 | 10,067 | 10,168 | 10,136 | 10,109 |
Fundamentals
Market Cap₹ 51.2 Cr.
Current Price₹ 46.5
Book Value₹ 22.9
ROCE3.49 %
ROE-5.60 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-4%
Compounded Profit Growth (TTM)-279%
Standalone figures.
Valuation
Market capRs 48 Cr
Enterprise valueRs 75 Cr
Price to book1.90x
Price to sales0.98x
EV / EBITDA28.47x
EV / EBIT39.47x
EV / sales1.53x
Earnings yield-2.60%
P/E, 3-year average122.00x
P/B, 3-year average2.75x
P/E, 5-year average80.08x
P/B, 5-year average2.87x
Profitability
Operating margin (excl. other income)5.47%
Operating margin (incl. other income)5.74%
EBITDA margin5.36%
Pre-tax margin-2.29%
Net profit margin-2.56%
Net margin, latest quarter1.11%
ROE-5.60%
ROCE3.49%
ROA-1.64%
ROE, 3-year average2.16%
ROCE, 3-year average8.11%
ROA, 3-year average0.41%
ROE, 5-year average4.67%
ROCE, 5-year average9.60%
ROA, 5-year average1.02%
ROIC (approx.)3.30%
Tax rate9.52%
Other income / net worth0.48%
Growth
Sales growth (latest year)-43.14%
Profit growth (latest year)-764.71%
Sales CAGR, 3 years-18.71%
Sales CAGR, 5 years-1.68%
Sales growth QoQ23.48%
Sales growth YoY (latest quarter)38.46%
Profit growth YoY (latest quarter)350.00%
Per share
EPS (TTM)Rs -1.14
EPS (latest year)Rs -1.03
EPS (latest quarter)Rs 0.16
EPS, 3-year averageRs 0.33
EPS, 5-year averageRs 0.69
Book value per shareRs 22.94
Sales per shareRs 44.45
Cash flow per shareRs -2.38
Free cash flow per shareRs -2.87
Efficiency
Asset turnover0.63x
Fixed asset turnover4.44x
Inventory turnover0.86x
Inventory days425 days
Debtor days78 days
Debtors turnover4.68x
Creditor days102 days
Cash conversion cycle414 days
Working capital days115 days
Leverage
Total debtRs 30 Cr
Cash and bankRs 3 Cr
Net debtRs 27 Cr
Debt to equity1.18x
Net debt / EBITDA10.13x
Interest coverage0.63x
Owners' fund to total sources35.93%
Debt to assets42.48%
Cash flow
Cash from Operating Activity (latest year)Rs -3 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 4 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs -7 Cr
Cash from ops / profit, 5 years2.36x
Statement figures
Net sales (TTM)Rs 49 Cr
Net sales (latest year)Rs 44 Cr
Sales (latest quarter)Rs 16 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs -0 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -1 Cr
Net profit (latest year)Rs -1 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 35 Cr
Total expenditure (latest year)Rs 42 Cr
Total income (latest year)Rs 45 Cr
Share capitalRs 11 Cr
ReservesRs 14 Cr
Shareholders' fundsRs 25 Cr
Total assetsRs 70 Cr
Net blockRs 10 Cr
ReceivablesRs 9 Cr
InventoryRs 41 Cr
Other liabilitiesRs 15 Cr
Shares outstanding (crore)1.10
Ownership
Promoter holding46.65% (-14.51 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.90 is at the 2th percentile (median 4.56).
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 | 513642 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.6% | -2.8% | -3.8 pts |
| 1 month | -10.8% | -6.8% | -4.0 pts |
| 3 months | -1.6% | -7.6% | +6.0 pts |
| 3 years | -11.7% | +14.2% | -25.9 pts |
| 5 years | +23.4% | +27.9% | -4.5 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -468% of net profit over the last 3 years |
| explain | Receivables outrunning sales Receivables grew -14% vs sales -43% in 2026 |
| explain | Share dilution Share count up 29% in a year, 29% in three |
| look | Inventory outrunning sales Inventory grew 4% vs sales -43% 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 ₹16 Cr +38.5% vs Jun 2025.
Net profit ₹0 Cr +350.0%.
Activity
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|---|---|---|---|
| Supreme Industries Ltd | 43,771 | 42.4 | 20.7 % |
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| Kingfa Science & Technology (India) Ltd | 8,842 | 39.2 | 23.2 % |
| Prince Pipes & Fittings Ltd | 2,830 | 27.2 | 6.03 % |
| Apollo Pipes Ltd | 2,258 | 1.23 % | |
| Jain Irrigation Systems Ltd | 2,065 | 5.30 % | |
| Jai Corp Ltd | 1,611 | 17.1 | 11.8 % |
| Premier Polyfilm Ltd | 1,007 | 28.8 | 28.9 % |
| R M Drip & Sprinklers Systems Ltd | 1,004 | 28.5 | 38.3 % |
| Prakash Pipes Ltd | 591 | 12.0 | 12.4 % |
| Shish Industries Ltd | 574 | 168 | 6.80 % |
| Dhabriya Polywood Ltd | 500 | 15.4 | 25.6 % |
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 Axel Polymers Ltd?
Axel Polymers Ltd (513642) has a market capitalisation of Rs 51.2 Cr. at the 2026-10-01 close.
What were Axel Polymers Ltd's latest quarterly results?
In the Jun 2026 quarter, Axel Polymers Ltd sales was Rs 16 Cr (+38.5% vs Jun 2025) and net profit was Rs 0 Cr.