MarketFriction

Dutron Polymers Ltd

BSE 517437 · Plastic Products - Industrial
₹103.00 -4.36%
BSE close2026-10-01
Market cap₹61.6 Cr.
P/E24.3

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales27.3029.9225.7833.7619.5427.0923.6426.9419.4422.5023.0227.34
Expenses26.3428.7925.1331.4218.7326.0923.1025.6018.7121.1422.1326.24
Operating Profit0.961.130.652.340.811.000.541.340.731.360.891.10
OPM %3.52%3.78%2.52%6.93%4.15%3.69%2.28%4.97%3.76%6.04%3.87%4.02%
Other Income0.080.090.270.130.090.110.250.140.150.140.170.14
Interest0.260.200.120.180.160.120.130.140.110.110.120.11
Depreciation0.280.280.280.280.300.290.270.230.240.230.230.23
Profit before tax0.500.740.522.010.440.700.391.110.531.160.710.90
Tax %22.00%29.73%76.92%24.88%25.00%25.71%7.69%21.62%37.74%12.93%29.58%22.22%
Net Profit0.400.510.121.500.330.530.360.870.341.000.490.70
EPS in Rs0.670.850.202.500.550.880.601.450.571.670.821.17
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales104.7387.3897.03106.3689.1894.38124.55131.91119.24104.0391.9192.30
Expenses99.3381.8291.78101.4684.5289.26119.07126.04114.2199.3587.5888.22
Operating Profit5.405.565.254.904.665.125.485.875.034.684.334.08
OPM %5.16%6.36%5.41%4.61%5.23%5.42%4.40%4.45%4.22%4.50%4.71%4.42%
Other Income0.150.150.170.610.620.440.400.140.520.590.600.60
Interest1.341.411.661.641.511.451.061.260.870.590.490.45
Depreciation1.441.540.961.051.141.121.181.171.111.140.930.93
Profit before tax2.772.762.802.822.632.993.643.583.573.543.513.30
Tax %29.24%33.33%35.00%25.53%25.10%23.75%20.33%27.93%31.65%23.16%22.79%
Net Profit1.961.831.822.101.972.282.902.582.452.722.702.53
EPS in Rs3.273.053.033.503.283.804.834.304.084.534.504.23
Dividend Payout %42.86%45.90%46.15%40.00%36.55%31.58%28.97%32.56%36.73%33.09%33.33%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-1%-1%-11%-5%
Compounded Profit Growth3%3%1%21%
Stock Price CAGR0%-15%-14%-20%
Return on Equity10%10%9%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6.006.006.006.006.006.006.006.006.006.006.006.00
Reserves8.559.5110.2611.0710.9713.2414.9817.0418.8820.4323.1524.95
Borrowings13.5815.1215.6622.6716.5914.5113.2513.369.646.254.713.59
Other Liabilities5.754.626.137.985.074.554.525.965.173.656.837.17
Total Liabilities33.8835.2538.0547.7238.6338.3038.7542.3639.6936.3340.6941.71
Fixed Assets6.708.518.808.128.748.978.668.177.687.106.996.67
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments0.000.001.762.072.332.490.000.000.000.000.000.00
Other Assets27.1826.7427.4937.5327.5626.8430.0934.1932.0129.2333.7035.04
Total Assets33.8835.2538.0547.7238.6338.3038.7542.3639.6936.3340.6941.71
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.724.403.23-4.958.223.366.261.507.944.955.34-1.00
Cash from Investing Activity-0.28-3.21-1.83-0.28-1.23-1.18-0.73-0.55-0.50-0.27-0.66-0.17
Cash from Financing Activity1.03-1.40-0.974.82-6.71-2.06-2.99-2.47-7.19-5.73-2.12-2.46
Net Cash Flow0.03-0.210.43-0.410.280.122.54-1.530.25-1.062.56-3.63
Free Cash Flow-1.001.191.40-5.237.002.355.440.847.264.434.36-1.61
CFO/OP5%100%78%-73%186%88%135%43%154%116%137%-3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days57.2442.4839.9884.9446.3641.8345.3353.7231.1636.4940.4533.52
Inventory Days64.9353.9281.4961.9950.4172.4058.9138.2742.9938.5449.4792.56
Days Payable17.4111.2014.0415.960.086.894.8910.227.550.0414.0819.50
Cash Conversion Cycle104.7685.20107.42130.9796.69107.3399.3481.7666.6074.9975.85106.58
Working Capital Days62.4648.3058.69108.2275.0991.8881.9171.9759.4163.0064.6385.82
ROCE %10.16%13.99%13.33%12.45%10.94%11.26%13.06%13.20%13.65%13.21%12.26%11.67%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.89%74.89%74.89%74.89%74.89%74.89%74.88%74.88%74.88%74.88%74.88%74.88%
Public25.12%25.13%25.12%25.13%25.12%25.12%25.13%25.13%25.12%25.12%25.12%25.12%
No. of Shareholders1,4461,4751,4701,6361,4461,6001,6151,6131,6431,6321,6211,616

Fundamentals

Market Cap₹ 61.6 Cr.
Current Price₹ 103
Stock P/E24.3
Book Value₹ 51.6
ROCE11.7 %
ROE8.95 %
Dividend Yield1.46 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)21%
Standalone figures.
Valuation
Market capRs 62 Cr
Enterprise valueRs 60 Cr
P/E (TTM)24.43x
Price to book2.00x
Price to sales0.67x
EV / EBITDA12.86x
EV / EBIT16.05x
EV / sales0.65x
Earnings yield4.09%
Dividend yield1.46%
P/E, 3-year average27.71x
P/B, 3-year average2.54x
P/E, 5-year average27.76x
P/B, 5-year average2.80x
Profitability
Operating margin (excl. other income)4.71%
Operating margin (incl. other income)5.36%
EBITDA margin5.07%
Pre-tax margin3.58%
Net profit margin2.74%
Net margin, latest quarter2.56%
ROE8.98%
ROCE11.70%
ROA6.55%
ROE, 3-year average9.44%
ROCE, 3-year average12.44%
ROA, 3-year average6.69%
ROE, 5-year average10.45%
ROCE, 5-year average12.86%
ROA, 5-year average6.70%
ROIC (approx.)9.87%
Tax rate22.79%
Other income / net worth1.94%
Growth
Sales growth (latest year)-11.65%
Profit growth (latest year)-0.74%
Sales CAGR, 3 years-11.35%
Sales CAGR, 5 years-0.53%
Profit CAGR, 3 years1.53%
Profit CAGR, 5 years3.44%
Sales growth QoQ18.77%
Profit growth QoQ42.86%
Sales growth YoY (latest quarter)1.48%
Profit growth YoY (latest quarter)-19.54%
Per share
EPS (TTM)Rs 4.22
EPS (latest year)Rs 4.50
EPS (latest quarter)Rs 1.17
EPS, 3-year averageRs 4.37
EPS, 5-year averageRs 4.45
Book value per shareRs 51.58
Sales per shareRs 153.83
Cash flow per shareRs -1.67
Free cash flow per shareRs -2.68
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividend per share, 5-year averageRs 1.46
Dividends
Dividend payout33.33%
Dividend payout, 3-year average34.39%
Dividend payout, 5-year average32.94%
Efficiency
Asset turnover2.20x
Fixed asset turnover13.78x
Inventory turnover4.23x
Inventory days86 days
Debtor days34 days
Debtors turnover10.89x
Creditor days20 days
Cash conversion cycle107 days
Working capital days86 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 5 Cr
Net debtRs -2 Cr
Debt to equity0.12x
Net debt / EBITDA-0.35x
Interest coverage8.33x
Owners' fund to total sources74.20%
Debt to assets8.61%
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 -2 Cr
Net Cash Flow (latest year)Rs -4 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years1.40x
Statement figures
Net sales (TTM)Rs 92 Cr
Net sales (latest year)Rs 92 Cr
Sales (latest quarter)Rs 27 Cr
Operating profit excl. other income (latest year)Rs 4 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 5 Cr
PBDT (TTM)Rs 4 Cr
Profit before tax (TTM)Rs 3 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 78 Cr
Total expenditure (latest year)Rs 88 Cr
Total income (latest year)Rs 93 Cr
Share capitalRs 6 Cr
ReservesRs 25 Cr
Shareholders' fundsRs 31 Cr
Total assetsRs 42 Cr
Net blockRs 7 Cr
ReceivablesRs 8 Cr
InventoryRs 18 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)0.60
Ownership
Promoter holding74.88% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 24.4 is at the 4th percentile of its own 9.4-year range (median 36.7, low 22.5, high 69.4).
P/B 2.00 is at the 2th percentile (median 3.90).
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.
Period517437Nifty 50Difference
1 week-0.6%-2.8% +2.2 pts
1 month+1.3%-6.8% +8.1 pts
3 months-8.8%-7.6% -1.2 pts
3 years-35.6%+14.2% -49.8 pts
5 years-54.2%+27.9% -82.1 pts

Red flags

F-score 4 of 8
lookInventory outrunning sales Inventory grew 61% vs sales -12% 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 2026
Sales ₹27 Cr +1.5% vs Jun 2025. Net profit ₹1 Cr -19.5%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Supreme Industries Ltd43,77142.420.7 %
Astral Ltd36,93962.419.2 %
Garware Hi Tech Films Ltd16,30142.018.1 %
Finolex Industries Ltd9,37915.211.8 %
Time Technoplast Ltd9,07918.516.5 %
Kingfa Science & Technology (India) Ltd8,84239.223.2 %
Prince Pipes & Fittings Ltd2,83027.26.03 %
Apollo Pipes Ltd2,2581.23 %
Jain Irrigation Systems Ltd2,0655.30 %
Jai Corp Ltd1,61117.111.8 %
Premier Polyfilm Ltd1,00728.828.9 %
R M Drip & Sprinklers Systems Ltd1,00428.538.3 %
Prakash Pipes Ltd59112.012.4 %
Shish Industries Ltd5741686.80 %
Dhabriya Polywood Ltd50015.425.6 %
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 Dutron Polymers Ltd?

Dutron Polymers Ltd (517437) has a market capitalisation of Rs 61.6 Cr. at the 2026-10-01 close.

What is the P/E ratio of Dutron Polymers Ltd?

Dutron Polymers Ltd trades at a P/E of 24.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Dutron Polymers Ltd's latest quarterly results?

In the Jun 2026 quarter, Dutron Polymers Ltd sales was Rs 27 Cr (+1.5% vs Jun 2025) and net profit was Rs 1 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03