MarketFriction

Deep Polymers Ltd

NSE DEEP · BSE 541778 · Specialty Chemicals
₹42.69 -4.75%
NSE close2026-10-01
52 week range34.20 - 49.17
Market cap₹112 Cr.
P/E15.8
ESM Price band 5%

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
Sales26.1523.3426.0427.6824.9522.5423.0025.4025.7521.0226.5530.08
Expenses23.6318.9722.5924.4021.3519.5619.2622.5921.6518.4922.0326.12
Operating Profit2.524.373.453.283.602.983.742.814.102.534.523.96
OPM %9.64%18.72%13.25%11.85%14.43%13.22%16.26%11.06%15.92%12.04%17.02%13.16%
Other Income0.440.510.750.590.810.750.590.980.670.692.361.06
Interest0.340.242.020.210.170.171.490.180.770.500.430.40
Depreciation0.420.891.801.411.501.681.891.651.661.752.362.08
Profit before tax2.203.750.382.252.741.880.951.962.340.974.092.54
Tax %45.00%25.07%-213.16%32.44%31.02%26.60%58.95%26.02%25.64%15.46%35.45%25.20%
Net Profit1.202.811.191.521.881.380.391.441.750.832.641.91
EPS in Rs0.521.160.490.630.780.570.160.600.720.341.090.79
Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4036404033401381201059899103
Expenses38343737313711910593858588
Operating Profit223422181612141415
OPM %4.9%5%7%9%6%6%13%13%12%14%14%15%
Other Income101211222355
Interest111000323222
Depreciation111100224678
Profit before tax113522151388910
Tax %31%32%27%26%28%25%27%30%13%34%29%
Net Profit1023221197577
EPS in Rs7.202.241.151.620.730.884.824.042.942.142.752.94
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%20%-6%8%
Compounded Profit Growth32%28%-12%40%
Stock Price CAGR%-18%-21%-7%
Return on Equity%11%7%7%
Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.550.550.96111212122323242424
Reserves671251214153241586381
Borrowings757105104751363430
Other Liabilities914632241013131212
Total Liabilities22272629312832113129131134147
Fixed Assets66553331317444959
CWIP00000000102152
Investments00000061800011
Other Assets1621202428252382101856976
Total Assets22272629312832113129131134147
Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0001-6-02-312352012
Cash from Investing Activity000-01-1-0-12-13-24-22-2
Cash from Financing Activity000-051-016-0-7-4-6
Net Cash Flow00000-012-14-64
Free Cash Flow0000-6-01-14-213-58
CFO/OP0%0%0%-15%-147%30%93%9%102%301%160%96%
Mar 2014Mar 2015Mar 2016Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days9012912018718321216612095968899
Inventory Days5125522758623891131105108112
Days Payable10713760331813432643523752
Cash Conversion Cycle3418113181224261161184183149159160
Working Capital Days7766148125201241162180188127115125
ROCE %3%9%8%18%9%9%28%14%9%8%9%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.81%64.59%64.59%64.59%64.59%64.59%64.61%65.26%65.50%65.57%65.85%65.89%
FIIs0.00%0.00%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public37.20%35.42%35.39%35.36%35.36%35.36%35.36%34.71%34.46%34.40%34.11%34.09%
No. of Shareholders9,8939,65212,84911,72510,94310,90110,63410,63510,23110,0079,7579,648

Fundamentals

Market Cap₹ 112 Cr.
Current Price₹ 46.5
Stock P/E15.8
Book Value₹ 43.4
ROCE8.52 %
ROE6.51 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)40%
Standalone figures.
Valuation
Market capRs 103 Cr
Enterprise valueRs 129 Cr
P/E (TTM)14.48x
Price to book0.98x
Price to sales1.00x
EV / EBITDA6.48x
EV / EBIT10.71x
EV / sales1.25x
Price to cash flow8.85x
Earnings yield6.91%
P/E, 3-year average19.07x
P/B, 3-year average1.41x
P/E, 5-year average22.89x
P/B, 5-year average2.91x
Profitability
Operating margin (excl. other income)14.13%
Operating margin (incl. other income)18.89%
EBITDA margin19.24%
Pre-tax margin9.61%
Net profit margin6.90%
Net margin, latest quarter6.35%
ROE6.92%
ROCE8.75%
ROA4.74%
ROE, 3-year average7.57%
ROCE, 3-year average8.82%
ROA, 3-year average4.71%
ROE, 5-year average13.06%
ROCE, 5-year average13.67%
ROA, 5-year average7.45%
ROIC (approx.)6.57%
Tax rate28.77%
Other income / net worth4.48%
Growth
Sales growth (latest year)0.56%
Profit growth (latest year)28.82%
Sales CAGR, 3 years-6.42%
Sales CAGR, 5 years19.98%
Profit CAGR, 3 years-10.53%
Profit CAGR, 5 years29.62%
Sales growth QoQ13.30%
Profit growth QoQ-27.65%
Sales growth YoY (latest quarter)18.43%
Profit growth YoY (latest quarter)32.64%
Per share
EPS (TTM)Rs 2.95
EPS (latest year)Rs 2.75
EPS (latest quarter)Rs 0.79
EPS, 3-year averageRs 2.61
EPS, 5-year averageRs 3.34
Book value per shareRs 43.40
Sales per shareRs 42.76
Cash flow per shareRs 4.82
Free cash flow per shareRs 3.31
Efficiency
Asset turnover0.67x
Fixed asset turnover1.68x
Inventory turnover3.43x
Inventory days107 days
Debtor days99 days
Debtors turnover3.69x
Creditor days52 days
Cash conversion cycle160 days
Working capital days125 days
Leverage
Total debtRs 30 Cr
Cash and bankRs 4 Cr
Net debtRs 26 Cr
Debt to equity0.29x
Net debt / EBITDA1.29x
Interest coverage5.73x
Owners' fund to total sources71.24%
Debt to assets20.42%
Cash flow
Cash from Operating Activity (latest year)Rs 12 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -6 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs 8 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years1.95x
Sales to cash flow8.47x
Statement figures
Net sales (TTM)Rs 103 Cr
Net sales (latest year)Rs 99 Cr
Sales (latest quarter)Rs 30 Cr
Operating profit excl. other income (latest year)Rs 14 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 5 Cr
EBITDA (TTM)Rs 20 Cr
PBDT (TTM)Rs 18 Cr
Profit before tax (TTM)Rs 10 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 74 Cr
Total expenditure (latest year)Rs 85 Cr
Total income (latest year)Rs 103 Cr
Share capitalRs 24 Cr
ReservesRs 81 Cr
Shareholders' fundsRs 105 Cr
Total assetsRs 147 Cr
Net blockRs 59 Cr
Capital work in progressRs 2 Cr
InvestmentsRs 11 Cr
ReceivablesRs 27 Cr
InventoryRs 22 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)2.42
Ownership
Promoter holding65.89% (+0.63 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.5 is at the 4th percentile of its own 7.8-year range (median 27.3, low 12.3, high 396.4).
P/B 0.98 is at the 5th percentile (median 3.58).
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.
PeriodDEEPNifty 50Difference
1 week-5.3%-2.8% -2.6 pts
1 month+18.3%-6.8% +25.0 pts
3 years-51.9%+14.2% -66.1 pts
5 years-64.5%+27.9% -92.4 pts

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 50% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: ESM
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 ₹30 Cr +18.4% vs Jun 2025. Net profit ₹2 Cr +32.6%.

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.
ESM: stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03