Price
Financials
Standalone, Rs crore| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 49 | 88 | 96 | 109 | 261 | 376 |
| Expenses | 44 | 81 | 88 | 97 | 239 | 338 |
| Operating Profit | 5 | 6 | 8 | 12 | 23 | 38 |
| OPM % | 9% | 7% | 8% | 11% | 9% | 10% |
| Other Income | 0 | 2 | 0 | 1 | 0 | 1 |
| Interest | 3 | 5 | 5 | 6 | 9 | 12 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 3 |
| Profit before tax | 1 | 1 | 1 | 5 | 11 | 23 |
| Tax % | -75% | 15% | -56% | 10% | 28% | 32% |
| Net Profit | 1 | 1 | 2 | 4 | 8 | 16 |
| EPS in Rs | 15.76 | 12.55 | 17.65 | 3.32 | 5.34 | 10.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 50% | 57% | 44% | ||
| Compounded Profit Growth | % | 61% | 98% | 97% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | 23% | 26% | 29% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 12 | 13 | 15 | 15 |
| Reserves | 2 | 3 | 6 | 8 | 32 | 48 |
| Borrowings | 29 | 57 | 64 | 83 | 101 | 165 |
| Other Liabilities | 15 | 20 | 27 | 17 | 22 | 42 |
| Total Liabilities | 55 | 89 | 108 | 121 | 171 | 271 |
| Fixed Assets | 15 | 33 | 32 | 33 | 41 | 42 |
| CWIP | 13 | 0 | 2 | 2 | 2 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 27 | 56 | 74 | 86 | 128 | 228 |
| Total Assets | 55 | 89 | 108 | 121 | 171 | 271 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 10 | -16 | -2 | -13 | -17 | -49 |
| Cash from Investing Activity | -11 | -6 | -3 | -3 | -9 | -3 |
| Cash from Financing Activity | 1 | 22 | 5 | 16 | 26 | 52 |
| Net Cash Flow | 0 | 0 | -0 | -0 | -0 | -0 |
| Free Cash Flow | -1 | -22 | -5 | -16 | -26 | -52 |
| CFO/OP | 228% | -258% | -29% | -103% | -71% | -124% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 122 | 117 | 115 | 105 | 50 | 62 |
| Inventory Days | 54 | 105 | 167 | 175 | 126 | 165 |
| Days Payable | 104 | 92 | 125 | 56 | 26 | 34 |
| Cash Conversion Cycle | 72 | 130 | 157 | 224 | 149 | 194 |
| Working Capital Days | 20 | 109 | 42 | 53 | 21 | 24 |
| ROCE % | 12% | 9% | 12% | 16% | 19% |
| Sep 2026 | |
|---|---|
| Promoters | 64.34% |
| FIIs | 7.68% |
| Public | 27.98% |
| No. of Shareholders | 952 |
Fundamentals
Market Cap₹ 201 Cr.
Current Price₹ 96.9
Stock P/E12.6
Book Value₹
ROCE19.0 %
ROE28.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)44%
Compounded Profit Growth (TTM)97%
Standalone figures.
Valuation
Market capRs 202 Cr
Enterprise valueRs 258 Cr
P/E (TTM)172.80x
Price to book16.34x
Price to sales2.31x
EV / EBITDA33.04x
EV / EBIT39.21x
EV / sales2.95x
Earnings yield0.58%
Profitability
Operating margin (excl. other income)6.99%
Operating margin (incl. other income)8.93%
EBITDA margin8.93%
Pre-tax margin1.56%
Net profit margin1.34%
ROE9.93%
ROCE12.09%
ROA1.62%
ROIC (approx.)8.13%
Tax rate15.33%
Other income / net worth13.74%
Growth
Sales growth (latest year)78.48%
Profit growth (latest year)-20.41%
Per share
EPS (TTM)Rs 0.56
EPS (latest year)Rs 12.55
Book value per shareRs 5.95
Sales per shareRs 42.12
Cash flow per shareRs -7.55
Free cash flow per shareRs -25.01
Efficiency
Asset turnover0.98x
Fixed asset turnover2.66x
Inventory turnover3.77x
Inventory days97 days
Debtor days117 days
Debtors turnover3.12x
Creditor days34 days
Cash conversion cycle194 days
Working capital days24 days
Leverage
Total debtRs 57 Cr
Cash and bankRs 1 Cr
Net debtRs 56 Cr
Debt to equity4.59x
Net debt / EBITDA7.19x
Interest coverage1.26x
Owners' fund to total sources13.90%
Debt to assets63.77%
Cash flow
Cash from Operating Activity (latest year)Rs -16 Cr
Cash from Investing Activity (latest year)Rs -6 Cr
Cash from Financing Activity (latest year)Rs 22 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -52 Cr
FCFE (approx.: FCF + change in debt)Rs -24 Cr
Cash from ops / profit, 5 years-3.13x
Statement figures
Net sales (TTM)Rs 88 Cr
Net sales (latest year)Rs 88 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 8 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
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 80 Cr
Total expenditure (latest year)Rs 81 Cr
Total income (latest year)Rs 89 Cr
Share capitalRs 9 Cr
ReservesRs 3 Cr
Shareholders' fundsRs 12 Cr
Total assetsRs 89 Cr
Net blockRs 33 Cr
ReceivablesRs 28 Cr
InventoryRs 21 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)2.08
Ownership
Promoter holding64.34%
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 544930 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.5% | -2.8% | +6.2 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -197% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 19% of total assets in 2026 |
| explain | Debt up, profit down Borrowings up 98% while net profit fell in 2026 |
| explain | Low interest cover Interest cover 1.3x in 2026 |
| look | Inventory outrunning sales Inventory grew 259% vs sales +78% in 2026 |
| look | Profit leans on other income Other income was 124% 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
No quarterly results published.
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 Injecto Polymers Ltd?
Injecto Polymers Ltd (544930) has a market capitalisation of Rs 201 Cr. at the 2026-10-01 close.
What is the P/E ratio of Injecto Polymers Ltd?
Injecto Polymers Ltd trades at a P/E of 12.6 on trailing twelve-month profit, at the 2026-10-01 close.