Price
Financials
Standalone, Rs crore| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Revenue from operations | 23.58 | 22.61 | 20.08 | 21.38 | 21.83 | 23.76 |
| Operating costs | 22.65 | 20.78 | 20.94 | 24.46 | 20.60 | 22.93 |
| EBITDA | 0.93 | 1.83 | -0.86 | -3.08 | 1.23 | 0.83 |
| EBITDA margin % | 3.94% | 8.09% | -4.28% | -14.41% | 5.63% | 3.49% |
| Depreciation & amortisation | 0.36 | 0.41 | 0.45 | 0.50 | 0.47 | 0.49 |
| Finance costs | 0.77 | 0.74 | 0.64 | 0.35 | 0.53 | 0.51 |
| Non-operating income | 0.49 | 0.48 | 0.20 | 0.17 | 0.42 | 0.11 |
| Pre-tax profit | 0.29 | 1.16 | -1.75 | -3.76 | 0.65 | -0.06 |
| Effective tax rate % | -62.07% | 17.24% | 11.43% | -24.47% | 36.92% | -133.33% |
| Profit after tax | 0.47 | 0.96 | -1.95 | -2.84 | 0.42 | 0.02 |
| Earnings per share (Rs) | 1.53 | 3.13 | -4.46 | -6.50 | 0.96 | 0.05 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Revenue from operations | 40.59 | 54.59 | 58.71 | 46.19 | 39.86 | 44.65 |
| Operating costs | 39.36 | 53.50 | 56.75 | 43.43 | 43.81 | 42.59 |
| EBITDA | 1.23 | 1.09 | 1.96 | 2.76 | -3.95 | 2.06 |
| EBITDA margin % | 3.03% | 2.00% | 3.34% | 5.98% | -9.91% | 4.61% |
| Depreciation & amortisation | 1.18 | 0.90 | 0.83 | 0.77 | 0.95 | 0.96 |
| Finance costs | 1.67 | 1.43 | 1.38 | 1.51 | 0.99 | 1.05 |
| Non-operating income | 0.66 | 0.71 | 1.48 | 0.97 | 0.38 | 0.54 |
| Pre-tax profit | -0.96 | -0.53 | 1.23 | 1.45 | -5.51 | 0.59 |
| Effective tax rate % | -84.38% | -22.64% | 2.44% | 1.38% | -13.25% | 27.12% |
| Profit after tax | -0.15 | -0.41 | 1.20 | 1.42 | -4.79 | 0.44 |
| Earnings per share (Rs) | -0.49 | -1.35 | 3.95 | 4.63 | -10.97 | 1.01 |
| Paid out as dividend % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Revenue CAGR | % | 2% | -9% | 12% | ||
| Profit CAGR | % | 36% | -27% | 109% | ||
| Share price CAGR | % | % | % | -36% | ||
| Average return on equity | % | -10% | -14% | 4% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Net block (property, plant) | 5.52 | 5.28 | 5.14 | 5.26 | 5.96 | 5.73 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.89 | 0.11 | 3.08 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current & other assets | 15.82 | 12.95 | 13.61 | 15.97 | 18.26 | 20.65 |
| Total assets | 21.34 | 18.23 | 18.75 | 22.12 | 24.33 | 29.46 |
| Share capital | 3.04 | 3.04 | 3.04 | 3.07 | 4.37 | 4.37 |
| Reserves & surplus | -1.90 | -2.31 | -1.11 | 1.32 | 5.61 | 6.05 |
| Total debt | 15.44 | 12.30 | 12.22 | 12.41 | 9.86 | 11.33 |
| Other liabilities & provisions | 4.76 | 5.20 | 4.60 | 5.32 | 4.49 | 7.71 |
| Equity + liabilities | 21.34 | 18.23 | 18.75 | 22.12 | 24.33 | 29.46 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Operating cash flow | 2.36 | 5.30 | 2.14 | 1.86 | -3.08 | 3.23 |
| Investing cash flow | -0.11 | -0.73 | -0.68 | -1.75 | -0.84 | -3.66 |
| Free cash flow (after capex) | 2.22 | 4.56 | 1.49 | 0.10 | -3.94 | -0.47 |
| Financing cash flow | -2.25 | -4.57 | -1.46 | -0.11 | 6.88 | 0.45 |
| Net change in cash | 0.00 | 0.00 | -0.01 | 0.00 | 2.96 | 0.02 |
| Cash conversion (OCF / EBITDA) % | 192% | 486% | 109% | 67% | 78% | 157% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Return on capital employed % | 6.08% | 18.84% | 19.13% | -24.67% | 7.89% | |
| Receivable days | 45.14 | 29.95 | 25.61 | 39.91 | 40.47 | 35.56 |
| Inventory days | 80.09 | 51.82 | 54.86 | 91.52 | 72.47 | 107.15 |
| Payable days | 20.83 | 25.91 | 10.58 | 30.51 | 18.15 | 67.61 |
| Cash cycle (days) | 104.40 | 55.86 | 69.90 | 100.92 | 94.80 | 75.09 |
| Working capital days | 1.44 | -13.31 | -7.21 | 3.63 | 20.33 | -7.36 |
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Promoter group % | 63.33% | 63.33% | 63.33% | 63.35% | 63.35% |
| Retail & others % | 36.67% | 36.67% | 36.67% | 36.65% | 36.65% |
| Shareholder count | 781 | 677 | 617 | 581 | 573 |
Fundamentals
Market value₹ 8.67 Cr.
Last price₹ 19.8
P/E (trailing)19.7
Book value / share₹ 23.8
Return on capital7.89 %
Return on equity4.31 %
Dividend yield0.00 %
Face value₹ 10.0
Revenue CAGR (TTM)12%
Profit CAGR (TTM)109%
Standalone figures.
Valuation
Market capRs 6 Cr
Enterprise valueRs 18 Cr
Price to book7.90x
Price to sales0.11x
EV / EBITDA10.03x
EV / EBIT20.05x
EV / sales0.33x
Price to cash flow1.09x
Earnings yield-7.11%
Profitability
Operating margin (excl. other income)2.00%
Operating margin (incl. other income)3.30%
EBITDA margin3.30%
Pre-tax margin-0.97%
Net profit margin-0.75%
ROE-43.85%
ROCE6.08%
ROA-2.07%
ROIC (approx.)5.35%
Tax rate22.64%
Other income / net worth97.26%
Growth
Sales growth (latest year)34.49%
Per share
EPS (TTM)Rs -1.35
EPS (latest year)Rs -1.35
Book value per shareRs 2.41
Sales per shareRs 179.87
Cash flow per shareRs 17.46
Efficiency
Asset turnover2.99x
Fixed asset turnover10.34x
Inventory turnover7.55x
Inventory days48 days
Debtor days30 days
Debtors turnover12.19x
Leverage
Total debtRs 12 Cr
Cash and bankRs 0 Cr
Net debtRs 12 Cr
Debt to equity16.85x
Net debt / EBITDA6.82x
Interest coverage0.63x
Owners' fund to total sources4.00%
Debt to assets67.47%
Cash flow
Operating cash flow (latest year)Rs 5 Cr
Investing cash flow (latest year)Rs -1 Cr
Financing cash flow (latest year)Rs -5 Cr
Sales to cash flow10.30x
Statement figures
Net sales (TTM)Rs 55 Cr
Net sales (latest year)Rs 55 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 2 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs -1 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 47 Cr
Total expenditure (latest year)Rs 54 Cr
Total income (latest year)Rs 55 Cr
Share capitalRs 3 Cr
ReservesRs -2 Cr
Shareholders' fundsRs 1 Cr
Total assetsRs 18 Cr
Net blockRs 5 Cr
ReceivablesRs 4 Cr
InventoryRs 6 Cr
Other liabilitiesRs 5 Cr
Shares outstanding (crore)0.30
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 | BALCO | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -9.1% | -2.8% | -6.3 pts |
| 1 month | +0.5% | -6.8% | +7.3 pts |
| 3 months | -11.4% | -7.6% | -3.8 pts |
| 6 months | -24.0% | +0.4% | -24.4 pts |
| 1 year | -39.7% | -9.9% | -29.8 pts |
Red flags
F-score 5 of 8| look | Repeated losses Net loss in each of the last two years |
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
Mar 2026Sales ₹24 Cr +5.1% vs Mar 2024.
Net profit ₹0 Cr -97.9%.
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Solve Plastic Products Ltd?
Solve Plastic Products Ltd (BALCO) has a market capitalisation of Rs 8.67 Cr. at the 2026-10-01 close.
What is the P/E ratio of Solve Plastic Products Ltd?
Solve Plastic Products Ltd trades at a P/E of 19.7 on trailing twelve-month profit, at the 2026-10-01 close.
What were Solve Plastic Products Ltd's latest quarterly results?
In the Mar 2026 quarter, Solve Plastic Products Ltd sales was Rs 24 Cr (+5.1% vs Mar 2024) and net profit was Rs 0 Cr.
What is the 52-week high and low of Solve Plastic Products Ltd?
The 52-week high is Rs 30.70 and the 52-week low is Rs 13.40.