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 | 5.68 | 5.42 | 5.54 | 4.20 | 5.77 | 6.08 | 5.12 | 5.07 | 5.07 | 4.68 | 5.07 | 6.09 |
| Expenses | 5.30 | 5.08 | 5.05 | 3.90 | 5.43 | 5.75 | 4.81 | 4.84 | 4.79 | 4.48 | 4.87 | 5.85 |
| Operating Profit | 0.38 | 0.34 | 0.49 | 0.30 | 0.34 | 0.33 | 0.31 | 0.23 | 0.28 | 0.20 | 0.20 | 0.24 |
| OPM % | 6.69% | 6.27% | 8.84% | 7.14% | 5.89% | 5.43% | 6.05% | 4.54% | 5.52% | 4.27% | 3.94% | 3.94% |
| Other Income | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Interest | 0.12 | 0.09 | 0.10 | 0.09 | 0.09 | 0.07 | 0.07 | 0.05 | 0.07 | 0.05 | 0.06 | 0.06 |
| Depreciation | 0.19 | 0.19 | 0.21 | 0.17 | 0.17 | 0.17 | 0.17 | 0.13 | 0.15 | 0.14 | 0.16 | 0.13 |
| Profit before tax | 0.07 | 0.06 | 0.20 | 0.04 | 0.08 | 0.09 | 0.09 | 0.05 | 0.06 | 0.01 | 0.01 | 0.05 |
| Tax % | 14.29% | -16.67% | 35.00% | 0.00% | 50.00% | 33.33% | 0.00% | 0.00% | 33.33% | -100.00% | 800.00% | 20.00% |
| Net Profit | 0.06 | 0.07 | 0.14 | 0.04 | 0.03 | 0.06 | 0.09 | 0.05 | 0.04 | 0.01 | -0.06 | 0.04 |
| EPS in Rs | 0.19 | 0.23 | 0.45 | 0.13 | 0.10 | 0.19 | 0.29 | 0.16 | 0.13 | 0.03 | -0.19 | 0.13 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.26 | 20.63 | 18.92 | 23.27 | 15.57 | 11.54 | 15.27 | 21.80 | 21.51 | 21.17 | 19.90 | 20.91 |
| Expenses | 14.15 | 18.92 | 17.65 | 21.80 | 14.48 | 10.89 | 14.39 | 20.64 | 19.94 | 19.89 | 18.99 | 19.99 |
| Operating Profit | 1.11 | 1.71 | 1.27 | 1.47 | 1.09 | 0.65 | 0.88 | 1.16 | 1.57 | 1.28 | 0.91 | 0.92 |
| OPM % | 7.27% | 8.29% | 6.71% | 6.32% | 7.00% | 5.63% | 5.76% | 5.32% | 7.30% | 6.05% | 4.57% | 4.40% |
| Other Income | 0.01 | 0.01 | 0.02 | 0.37 | 0.02 | 0.03 | 0.02 | 0.08 | 0.02 | 0.03 | 0.03 | 0.03 |
| Interest | 0.27 | 0.46 | 0.38 | 0.37 | 0.36 | 0.22 | 0.25 | 0.39 | 0.43 | 0.32 | 0.23 | 0.24 |
| Depreciation | 0.67 | 1.06 | 0.86 | 0.91 | 0.72 | 0.69 | 0.62 | 0.66 | 0.79 | 0.69 | 0.58 | 0.58 |
| Profit before tax | 0.18 | 0.20 | 0.05 | 0.56 | 0.03 | -0.23 | 0.03 | 0.19 | 0.37 | 0.30 | 0.13 | 0.13 |
| Tax % | 27.78% | 50.00% | -120.00% | 25.00% | 66.67% | -13.04% | -33.33% | 36.84% | 21.62% | 23.33% | 61.54% | |
| Net Profit | 0.13 | 0.10 | 0.11 | 0.41 | 0.02 | -0.19 | 0.04 | 0.12 | 0.29 | 0.22 | 0.05 | 0.03 |
| EPS in Rs | 0.42 | 0.32 | 0.36 | 1.33 | 0.06 | -0.62 | 0.13 | 0.39 | 0.94 | 0.71 | 0.16 | 0.10 |
| 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 | 3% | 12% | -3% | -5% | ||
| Compounded Profit Growth | -14% | 17% | -28% | -87% | ||
| Stock Price CAGR | 12% | 11% | -3% | -34% | ||
| Return on Equity | 2% | 3% | 4% | 1% |
| 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 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 | 3.08 |
| Reserves | 0.67 | 0.80 | 0.90 | 1.01 | 1.42 | 1.44 | 1.25 | 1.29 | 1.41 | 1.70 | 1.93 | 1.98 |
| Borrowings | 2.70 | 2.87 | 4.94 | 5.11 | 4.63 | 3.99 | 3.46 | 3.58 | 6.03 | 4.40 | 2.57 | 3.89 |
| Other Liabilities | 1.91 | 1.67 | 1.91 | 2.18 | 1.58 | 1.58 | 1.64 | 1.51 | 1.43 | 1.25 | 1.17 | 1.12 |
| Total Liabilities | 8.36 | 8.42 | 10.83 | 11.38 | 10.71 | 10.09 | 9.43 | 9.46 | 11.95 | 10.43 | 8.75 | 10.07 |
| Fixed Assets | 3.92 | 3.63 | 4.90 | 4.36 | 3.46 | 3.71 | 3.42 | 2.93 | 4.30 | 3.60 | 3.13 | 2.98 |
| CWIP | 0.00 | 0.00 | 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 | 4.44 | 4.79 | 5.93 | 7.02 | 7.25 | 6.38 | 6.01 | 6.53 | 7.65 | 6.83 | 5.62 | 7.09 |
| Total Assets | 8.36 | 8.42 | 10.83 | 11.38 | 10.71 | 10.09 | 9.43 | 9.46 | 11.95 | 10.43 | 8.75 | 10.07 |
| 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 | 1.91 | 0.55 | 1.13 | 0.55 | 0.81 | 1.97 | 1.13 | 0.22 | -0.09 | 2.16 | 2.31 | -0.32 |
| Cash from Investing Activity | 0.00 | -0.36 | -2.32 | -0.30 | 0.01 | -0.96 | -0.38 | -0.12 | -1.96 | -0.06 | -0.20 | -0.39 |
| Cash from Financing Activity | -1.91 | -0.14 | 1.13 | -0.20 | -0.86 | -1.00 | -0.75 | -0.14 | 2.06 | -2.06 | -2.15 | 1.09 |
| Net Cash Flow | 0.00 | 0.05 | -0.06 | 0.05 | -0.04 | 0.02 | 0.01 | -0.05 | 0.02 | 0.03 | -0.04 | 0.38 |
| Free Cash Flow | 1.90 | 0.18 | -1.20 | 0.24 | 0.80 | 1.00 | 0.74 | 0.09 | -2.06 | 2.07 | 2.09 | -0.73 |
| CFO/OP | 150% | 58% | 68% | 46% | 61% | 193% | 174% | 25% | -7% | 139% | 188% | -20% |
| 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 | 51.20 | 68.89 | 78.56 | 102.44 | 90.98 | 84.63 | 110.07 | 96.33 | 89.91 | 65.16 | 40.69 | 52.82 |
| Inventory Days | 34.59 | 38.22 | 18.51 | 32.02 | 19.89 | 76.24 | 106.24 | 75.52 | 39.46 | 60.92 | 63.28 | 86.64 |
| Days Payable | 15.11 | 7.56 | 35.92 | 42.90 | 16.73 | 38.12 | 58.16 | 31.86 | 16.87 | 8.12 | 1.98 | 2.46 |
| Cash Conversion Cycle | 70.67 | 99.55 | 61.15 | 91.56 | 94.13 | 122.75 | 158.14 | 139.99 | 112.50 | 117.96 | 101.99 | 137.01 |
| Working Capital Days | 26.88 | 24.64 | 17.16 | 18.52 | 14.90 | 12.89 | 26.88 | 33.94 | 27.12 | 38.35 | 43.62 | 39.80 |
| ROCE % | 7.84% | 6.82% | 8.42% | 4.75% | 6.22% | 4.42% | -0.12% | 3.56% | 5.63% | 8.12% | 7.40% | 4.23% |
| 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 | 59.67% | 59.67% | 59.67% | 59.67% | 59.67% | 59.67% | 59.67% | 59.67% | 59.67% | 59.68% | 59.77% | 59.81% |
| Public | 40.33% | 40.34% | 40.33% | 40.33% | 40.33% | 40.33% | 40.33% | 40.33% | 40.33% | 40.33% | 40.24% | 40.19% |
| No. of Shareholders | 928 | 979 | 1,017 | 1,025 | 1,020 | 1,067 | 1,119 | 1,113 | 1,114 | 1,143 | 1,159 | 1,164 |
Fundamentals
Market Cap₹ 6.47 Cr.
Current Price₹ 21.0
Stock P/E216
Book Value₹ 16.4
ROCE4.23 %
ROE0.60 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-87%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 10 Cr
P/E (TTM)215.69x
Price to book1.28x
Price to sales0.31x
EV / EBITDA10.47x
EV / EBIT26.89x
EV / sales0.48x
Earnings yield0.46%
P/E, 3-year average61.21x
P/B, 3-year average1.43x
P/E, 5-year average70.22x
P/B, 5-year average1.33x
Profitability
Operating margin (excl. other income)4.57%
Operating margin (incl. other income)4.72%
EBITDA margin4.54%
Pre-tax margin0.62%
Net profit margin0.14%
Net margin, latest quarter0.66%
ROE0.99%
ROCE4.36%
ROA0.53%
ROE, 3-year average3.91%
ROCE, 3-year average6.63%
ROA, 3-year average1.81%
ROE, 5-year average3.07%
ROCE, 5-year average5.94%
ROA, 5-year average1.39%
ROIC (approx.)1.67%
Tax rate61.54%
Other income / net worth0.59%
Growth
Sales growth (latest year)-6.00%
Profit growth (latest year)-77.27%
Sales CAGR, 3 years-2.99%
Sales CAGR, 5 years11.51%
Profit CAGR, 3 years-25.31%
Sales growth QoQ20.12%
Sales growth YoY (latest quarter)20.12%
Profit growth YoY (latest quarter)-20.00%
Per share
EPS (TTM)Rs 0.10
EPS (latest year)Rs 0.16
EPS (latest quarter)Rs 0.13
EPS, 3-year averageRs 0.61
EPS, 5-year averageRs 0.47
Book value per shareRs 16.42
Sales per shareRs 67.86
Cash flow per shareRs -1.04
Free cash flow per shareRs -2.37
Efficiency
Asset turnover1.98x
Fixed asset turnover6.68x
Inventory turnover5.65x
Inventory days65 days
Debtor days53 days
Debtors turnover6.91x
Creditor days2 days
Cash conversion cycle137 days
Working capital days40 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 0 Cr
Net debtRs 3 Cr
Debt to equity0.77x
Net debt / EBITDA3.66x
Interest coverage1.54x
Owners' fund to total sources50.25%
Debt to assets38.63%
Cash flow
Cash from Operating Activity (latest year)Rs -0 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 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years5.94x
Statement figures
Net sales (TTM)Rs 21 Cr
Net sales (latest year)Rs 20 Cr
Sales (latest quarter)Rs 6 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 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 16 Cr
Total expenditure (latest year)Rs 19 Cr
Total income (latest year)Rs 20 Cr
Share capitalRs 3 Cr
ReservesRs 2 Cr
Shareholders' fundsRs 5 Cr
Total assetsRs 10 Cr
Net blockRs 3 Cr
ReceivablesRs 3 Cr
InventoryRs 3 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.31
Ownership
Promoter holding59.81% (+0.14 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 215.7 is at the 95th percentile of its own 7.1-year range
(median 44.2, low 5.4, high 266.4).
P/B 1.28 is at the 51th percentile (median 1.22).
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 | 534639 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.6% | -2.8% | +1.1 pts |
| 1 month | -0.2% | -6.8% | +6.6 pts |
| 3 months | -16.0% | -7.6% | -8.3 pts |
| 3 years | -8.3% | +14.2% | -22.5 pts |
| 5 years | +74.7% | +27.9% | +46.8 pts |
Red flags
F-score 2 of 8| explain | Receivables outrunning sales Receivables grew 22% vs sales -6% in 2026 |
| explain | Debt up, profit down Borrowings up 51% while net profit fell in 2026 |
| look | Inventory outrunning sales Inventory grew 26% vs sales -6% 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 ₹6 Cr +20.1% vs Jun 2025.
Net profit ₹0 Cr -20.0%.
Activity
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| Knack Packaging Ltd | 2,161 | 21.2 | 34.1 % |
| Mold-Tek Packaging Ltd | 2,134 | 28.1 | 13.3 % |
| Huhtamaki India Ltd | 1,780 | 13.0 | 12.0 % |
| Arrow Greentech Ltd | 1,314 | 20.6 | 29.6 % |
| Commercial Syn Bags Ltd | 1,099 | 34.8 | 15.0 % |
| Dhunseri Ventures Ltd | 1,002 | 5.25 | 6.74 % |
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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 Vinayak Polycon International Ltd?
Vinayak Polycon International Ltd (534639) has a market capitalisation of Rs 6.47 Cr. at the 2026-09-15 close.
What is the P/E ratio of Vinayak Polycon International Ltd?
Vinayak Polycon International Ltd trades at a P/E of 216 on trailing twelve-month profit, at the 2026-09-15 close.
What were Vinayak Polycon International Ltd's latest quarterly results?
In the Jun 2026 quarter, Vinayak Polycon International Ltd sales was Rs 6 Cr (+20.1% vs Jun 2025) and net profit was Rs 0 Cr.