MarketFriction

Polylink Polymers (India) Ltd

BSE 531454 · Petrochemicals
₹21.56 -1.55%
BSE close2026-10-01
Market cap₹49.7 Cr.
P/E34.3

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
Sales17.4318.8622.3923.7321.0522.4224.0420.6621.8820.4521.6123.45
Expenses17.0018.0221.0222.2820.1320.9123.8520.0421.4219.6220.7222.52
Operating Profit0.430.841.371.450.921.510.190.620.460.830.890.93
OPM %2.47%4.45%6.12%6.11%4.37%6.74%0.79%3.00%2.10%4.06%4.12%3.97%
Other Income0.040.100.070.080.030.130.040.050.220.040.200.06
Interest0.040.060.100.080.100.080.100.100.140.140.180.16
Depreciation0.230.240.250.250.250.260.250.310.370.390.370.40
Profit before tax0.200.641.091.200.601.30-0.120.260.170.340.540.43
Tax %-5.00%28.12%28.44%26.67%31.67%27.69%-25.00%26.92%-11.76%29.41%-14.81%2.33%
Net Profit0.210.450.790.880.410.95-0.100.190.180.240.610.42
EPS in Rs0.090.200.360.400.190.43-0.050.090.080.110.280.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales35.9932.0134.4647.0447.0537.4345.6950.3674.6791.2384.6087.39
Expenses33.2430.0331.6244.7945.1135.5443.7048.6271.3787.0981.7284.28
Operating Profit2.751.982.842.251.941.891.991.743.304.142.883.11
OPM %7.64%6.19%8.24%4.78%4.12%5.05%4.36%3.46%4.42%4.54%3.40%3.56%
Other Income0.810.870.680.620.760.530.450.270.240.280.510.52
Interest0.560.360.370.420.360.120.150.100.270.430.650.62
Depreciation0.540.750.900.870.900.820.890.940.951.011.451.53
Profit before tax2.461.742.251.581.441.481.400.972.322.981.291.48
Tax %25.20%33.91%33.78%29.75%26.39%19.59%36.43%32.99%25.00%28.19%5.43%
Net Profit1.821.141.491.111.071.190.900.641.732.131.221.45
EPS in Rs0.820.520.670.500.480.540.410.290.780.960.550.66
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 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth9%18%19%-1%
Compounded Profit Growth-4%1%23%-43%
Stock Price CAGR9%6%-1%-4%
Return on Equity5%5%6%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital11.0611.0611.0611.0611.0611.0611.0611.0611.0611.0611.0611.06
Reserves-2.30-0.488.6210.1411.2612.3213.5314.4515.0316.7618.8520.07
Borrowings4.303.232.582.622.980.421.381.870.451.902.585.75
Other Liabilities2.112.763.513.373.774.393.423.693.555.947.239.72
Total Liabilities15.1716.5725.7727.1929.0728.1929.3931.0730.0935.6639.7246.60
Fixed Assets4.785.3515.4915.8615.9015.7515.2516.3315.7916.2016.3821.60
CWIP0.000.000.000.000.000.001.200.000.000.000.000.09
Investments0.000.000.000.000.000.000.000.000.000.000.000.00
Other Assets10.3911.2210.2811.3313.1712.4412.9414.7414.3019.4623.3424.91
Total Assets15.1716.5725.7727.1929.0728.1929.3931.0730.0935.6639.7246.60
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5.462.551.241.880.393.800.280.484.13-2.142.335.27
Cash from Investing Activity-0.43-0.69-0.44-1.55-0.41-0.77-1.18-0.87-0.52-0.85-2.65-7.88
Cash from Financing Activity-5.01-1.58-0.96-0.33-0.03-2.940.710.36-1.490.870.332.61
Net Cash Flow0.020.29-0.16-0.01-0.050.09-0.19-0.032.12-2.120.000.01
Free Cash Flow4.981.450.880.60-0.433.21-1.13-0.393.71-3.10-0.32-2.51
CFO/OP211%107%72%80%38%213%28%39%245%-53%68%189%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days40.5040.1660.3268.3266.0356.4072.8474.2146.9759.0556.0964.76
Inventory Days17.4030.8751.1457.6842.3443.7360.7251.2048.2142.8336.9037.05
Days Payable20.2823.2342.0234.4224.0029.7130.6326.2919.9027.1925.6941.87
Cash Conversion Cycle37.6247.8169.4491.5884.3770.42102.9399.1275.2774.6967.3059.94
Working Capital Days-0.1015.8239.8050.8448.8858.5783.5777.8962.4062.6252.8543.40
ROCE %14.06%22.48%11.64%11.37%8.14%7.33%6.43%5.81%4.04%9.07%10.96%5.59%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.99%74.99%74.69%74.23%72.95%72.50%72.50%72.50%72.50%72.50%72.50%72.50%
Public25.00%25.00%25.31%25.77%27.05%27.51%27.49%27.49%27.50%27.50%27.50%27.50%
No. of Shareholders5,3895,8505,9136,0696,8486,9646,9426,8666,8176,7166,6576,833

Fundamentals

Market Cap₹ 49.7 Cr.
Current Price₹ 22.5
Stock P/E34.3
Book Value₹ 14.1
ROCE5.59 %
ROE4.00 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-1%
Compounded Profit Growth (TTM)-43%
Standalone figures.
Valuation
Market capRs 48 Cr
Enterprise valueRs 53 Cr
P/E (TTM)32.88x
Price to book1.53x
Price to sales0.55x
EV / EBITDA14.68x
EV / EBIT25.38x
EV / sales0.61x
Price to cash flow9.05x
Earnings yield3.04%
P/E, 3-year average30.22x
P/B, 3-year average1.76x
P/E, 5-year average43.24x
P/B, 5-year average1.80x
Profitability
Operating margin (excl. other income)3.40%
Operating margin (incl. other income)4.01%
EBITDA margin4.15%
Pre-tax margin1.69%
Net profit margin1.66%
Net margin, latest quarter1.79%
ROE4.00%
ROCE5.59%
ROA2.83%
ROE, 3-year average5.93%
ROCE, 3-year average8.59%
ROA, 3-year average4.58%
ROE, 5-year average4.77%
ROCE, 5-year average7.11%
ROA, 5-year average3.76%
ROIC (approx.)5.40%
Tax rate5.43%
Other income / net worth1.64%
Growth
Sales growth (latest year)-7.27%
Profit growth (latest year)-42.72%
Sales CAGR, 3 years18.88%
Sales CAGR, 5 years17.71%
Profit CAGR, 3 years23.99%
Profit CAGR, 5 years0.50%
Sales growth QoQ8.51%
Profit growth QoQ-31.15%
Sales growth YoY (latest quarter)13.50%
Profit growth YoY (latest quarter)121.05%
Per share
EPS (TTM)Rs 0.66
EPS (latest year)Rs 0.55
EPS (latest quarter)Rs 0.19
EPS, 3-year averageRs 0.77
EPS, 5-year averageRs 0.60
Book value per shareRs 14.08
Sales per shareRs 39.52
Cash flow per shareRs 2.38
Free cash flow per shareRs -1.14
Efficiency
Asset turnover1.82x
Fixed asset turnover3.92x
Inventory turnover10.79x
Inventory days34 days
Debtor days65 days
Debtors turnover5.64x
Creditor days42 days
Cash conversion cycle60 days
Working capital days43 days
Leverage
Total debtRs 6 Cr
Cash and bankRs 0 Cr
Net debtRs 6 Cr
Debt to equity0.18x
Net debt / EBITDA1.55x
Interest coverage3.39x
Owners' fund to total sources66.80%
Debt to assets12.34%
Cash flow
Cash from Operating Activity (latest year)Rs 5 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs 3 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years1.52x
Sales to cash flow16.05x
Statement figures
Net sales (TTM)Rs 87 Cr
Net sales (latest year)Rs 85 Cr
Sales (latest quarter)Rs 23 Cr
Operating profit excl. other income (latest year)Rs 3 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 4 Cr
PBDT (TTM)Rs 3 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 2 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 70 Cr
Total expenditure (latest year)Rs 82 Cr
Total income (latest year)Rs 85 Cr
Share capitalRs 11 Cr
ReservesRs 20 Cr
Shareholders' fundsRs 31 Cr
Total assetsRs 47 Cr
Net blockRs 22 Cr
Capital work in progressRs 0 Cr
ReceivablesRs 15 Cr
InventoryRs 7 Cr
Other liabilitiesRs 10 Cr
Shares outstanding (crore)2.21
Ownership
Promoter holding72.50% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 32.9 is at the 41th percentile of its own 9.4-year range (median 36.6, low 14.2, high 132.6).
P/B 1.53 is at the 28th percentile (median 1.78).
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.
Period531454Nifty 50Difference
1 week-3.1%-2.8% -0.3 pts
1 month-2.0%-6.8% +4.8 pts
3 months-3.7%-7.6% +3.9 pts
3 years-10.1%+14.2% -24.3 pts
5 years+25.0%+27.9% -2.9 pts

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 123% while net profit fell 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 ₹23 Cr +13.5% vs Jun 2025. Net profit ₹0 Cr +121.1%.

Activity

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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 Polylink Polymers (India) Ltd?

Polylink Polymers (India) Ltd (531454) has a market capitalisation of Rs 49.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of Polylink Polymers (India) Ltd?

Polylink Polymers (India) Ltd trades at a P/E of 34.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Polylink Polymers (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Polylink Polymers (India) Ltd sales was Rs 23 Cr (+13.5% vs Jun 2025) and net profit was Rs 0 Cr.

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