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 | 3.87 | 3.77 | 5.18 | 5.33 | 4.93 | 5.49 | 6.23 | 4.92 | 4.50 | 4.70 | 5.59 | 5.04 |
| Expenses | 5.00 | 5.44 | 6.90 | 7.03 | 6.42 | 7.28 | 9.17 | 6.36 | 5.96 | 6.17 | 8.56 | 6.41 |
| Operating Profit | -1.13 | -1.67 | -1.72 | -1.70 | -1.49 | -1.79 | -2.94 | -1.44 | -1.46 | -1.47 | -2.97 | -1.37 |
| OPM % | -29.20% | -44.30% | -33.20% | -31.89% | -30.22% | -32.60% | -47.19% | -29.27% | -32.44% | -31.28% | -53.13% | -27.18% |
| Other Income | 1.29 | 2.43 | 1.19 | 3.12 | 1.86 | -0.28 | -1.51 | 4.46 | -0.35 | -0.04 | -1.11 | 3.85 |
| Interest | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Depreciation | 0.14 | 0.16 | 0.16 | 0.12 | 0.13 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Profit before tax | 0.01 | 0.59 | -0.70 | 1.29 | 0.23 | -2.21 | -4.58 | 2.89 | -1.94 | -1.64 | -4.22 | 2.35 |
| Tax % | -1,200.00% | 0.00% | -30.00% | 0.00% | 0.00% | 0.00% | -3.28% | 0.00% | 0.00% | 0.00% | -3.55% | 0.00% |
| Net Profit | 0.13 | 0.59 | -0.50 | 1.29 | 0.23 | -2.22 | -4.43 | 2.89 | -1.94 | -1.64 | -4.08 | 2.35 |
| EPS in Rs | 0.08 | 0.35 | -0.30 | 0.77 | 0.14 | -1.32 | -2.63 | 1.72 | -1.15 | -0.97 | -2.42 | 1.40 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 176.53 | 173.96 | 180.98 | 178.68 | 139.44 | 111.58 | 13.96 | 17.12 | 16.40 | 21.97 | 19.70 | 19.83 |
| Expenses | 166.00 | 164.26 | 176.68 | 175.92 | 143.85 | 115.74 | 75.90 | 25.48 | 23.38 | 28.70 | 25.81 | 27.10 |
| Operating Profit | 10.53 | 9.70 | 4.30 | 2.76 | -4.41 | -4.16 | -61.94 | -8.36 | -6.98 | -6.73 | -6.11 | -7.27 |
| OPM % | 5.96% | 5.58% | 2.38% | 1.54% | -3.16% | -3.73% | -443.70% | -48.83% | -42.56% | -30.63% | -31.02% | -36.66% |
| Other Income | 1.01 | 1.46 | 1.79 | 2.17 | 2.50 | 3.61 | 90.78 | 0.96 | 7.96 | 2.00 | 1.74 | 2.35 |
| Interest | 5.39 | 4.50 | 4.57 | 4.95 | 4.18 | 4.10 | 0.25 | 0.07 | 0.05 | 0.06 | 0.05 | 0.05 |
| Depreciation | 6.54 | 6.31 | 5.90 | 6.29 | 6.37 | 5.92 | 0.73 | 0.57 | 0.60 | 0.49 | 0.49 | 0.48 |
| Profit before tax | -0.39 | 0.35 | -4.38 | -6.31 | -12.46 | -10.57 | 27.86 | -8.04 | 0.33 | -5.28 | -4.91 | -5.45 |
| Tax % | -220.51% | 280.00% | -39.73% | -22.98% | -10.59% | 0.00% | 21.64% | 1.74% | -100.00% | -2.84% | -3.05% | |
| Net Profit | 0.46 | -0.64 | -2.63 | -4.86 | -11.15 | -10.58 | 21.84 | -8.17 | 0.65 | -5.12 | -4.77 | -5.31 |
| EPS in Rs | 0.27 | -0.38 | -1.56 | -2.89 | -6.62 | -6.28 | 12.97 | -4.85 | 0.39 | -3.04 | -2.83 | -3.14 |
| 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 | -20% | -29% | 5% | -8% | ||
| Compounded Profit Growth | % | 9% | 9% | -50% | ||
| Stock Price CAGR | -1% | 3% | -13% | -40% | ||
| Return on Equity | -8% | 1% | -11% | -17% |
| 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 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 | 16.83 |
| Reserves | 35.56 | 36.02 | 35.67 | 33.46 | 28.59 | 17.76 | 7.21 | 29.26 | 21.21 | 21.73 | 16.57 | 12.04 |
| Borrowings | 29.37 | 28.49 | 28.38 | 29.62 | 26.62 | 26.37 | 28.32 | 0.42 | 0.23 | 0.10 | 0.00 | 0.00 |
| Other Liabilities | 51.24 | 42.33 | 47.78 | 56.87 | 54.14 | 44.58 | 38.77 | 9.83 | 6.97 | 6.52 | 7.44 | 7.12 |
| Total Liabilities | 133.00 | 123.67 | 128.66 | 136.78 | 126.18 | 105.54 | 91.13 | 56.34 | 45.24 | 45.18 | 40.84 | 35.99 |
| Fixed Assets | 56.66 | 52.81 | 52.18 | 54.68 | 49.78 | 44.77 | 39.02 | 4.72 | 4.79 | 4.67 | 4.63 | 4.53 |
| CWIP | 0.00 | 0.00 | 0.02 | 0.11 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.22 | 2.10 | 2.13 | 2.15 | 2.11 | 2.10 | 2.12 | 30.58 | 31.87 | 30.20 | 27.91 | 24.38 |
| Other Assets | 74.12 | 68.76 | 74.33 | 79.84 | 74.29 | 58.67 | 49.96 | 21.04 | 8.58 | 10.31 | 8.30 | 7.08 |
| Total Assets | 133.00 | 123.67 | 128.66 | 136.78 | 126.18 | 105.54 | 91.13 | 56.34 | 45.24 | 45.18 | 40.84 | 35.99 |
| 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 | 18.94 | 10.47 | 10.60 | 11.53 | 7.42 | 4.03 | 2.33 | 28.90 | -4.78 | -7.09 | -4.82 | -4.96 |
| Cash from Investing Activity | -6.93 | -2.24 | -4.86 | -8.01 | -0.27 | 0.32 | 1.79 | 5.13 | -1.41 | 8.38 | 3.32 | 4.61 |
| Cash from Financing Activity | -12.63 | -8.36 | -5.53 | -3.42 | -7.95 | -4.35 | -2.28 | -28.22 | -0.26 | -0.18 | -0.16 | -0.05 |
| Net Cash Flow | -0.63 | -0.14 | 0.21 | 0.11 | -0.80 | 0.01 | 1.84 | 5.81 | -6.45 | 1.11 | -1.66 | -0.39 |
| Free Cash Flow | 11.89 | 7.77 | 5.24 | 3.11 | 6.83 | 3.91 | 3.88 | 60.93 | -5.42 | -7.65 | -5.25 | -5.36 |
| CFO/OP | 237% | 100% | 109% | 269% | 271% | -90% | -55% | -56% | 56% | 98% | 72% | 83% |
| 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 | 75.14 | 76.30 | 90.47 | 96.42 | 88.88 | 79.63 | 86.88 | 58.57 | 43.71 | 38.95 | 28.58 | 35.57 |
| Inventory Days | 64.29 | 78.48 | 97.12 | 82.32 | 81.59 | 93.19 | 99.57 | 101.50 | 52.70 | 77.63 | 48.46 | 41.64 |
| Days Payable | 83.52 | 91.84 | 132.47 | 159.65 | 151.50 | 153.90 | 162.80 | 138.20 | 122.57 | 156.75 | 129.54 | 138.18 |
| Cash Conversion Cycle | 55.91 | 62.93 | 55.12 | 19.09 | 18.96 | 18.92 | 23.65 | 21.87 | -26.16 | -40.17 | -52.50 | -60.96 |
| Working Capital Days | 7.70 | 18.13 | 20.48 | 1.98 | -0.82 | -21.28 | -50.15 | 103.28 | 21.75 | 43.84 | 10.13 | -13.53 |
| ROCE % | 5.04% | 6.24% | 5.55% | 0.11% | -2.66% | -14.30% | -14.60% | 54.74% | -17.43% | -2.60% | -15.93% | -17.25% |
| 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 | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% | 55.58% |
| FIIs | 0.05% | 0.06% | 0.10% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| DIIs | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
| Public | 44.32% | 44.31% | 44.28% | 44.32% | 44.33% | 44.32% | 44.32% | 44.34% | 44.33% | 44.34% | 44.32% | 44.34% |
| No. of Shareholders | 16,460 | 16,821 | 17,202 | 16,727 | 17,053 | 17,326 | 17,367 | 17,037 | 17,199 | 17,014 | 16,767 | 16,758 |
Fundamentals
Market Cap₹ 29.4 Cr.
Current Price₹ 17.5
Book Value₹ 17.2
ROCE-17.2 %
ROE-17.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-8%
Compounded Profit Growth (TTM)-50%
Standalone figures.
Valuation
Market capRs 29 Cr
Enterprise valueRs 28 Cr
Price to book1.00x
Price to sales1.45x
EV / sales1.43x
Earnings yield-18.46%
P/E, 3-year average87.02x
P/B, 3-year average1.19x
P/E, 5-year average44.21x
P/B, 5-year average1.00x
Profitability
Operating margin (excl. other income)-31.02%
Operating margin (incl. other income)-22.18%
EBITDA margin-24.81%
Pre-tax margin-27.48%
Net profit margin-26.78%
Net margin, latest quarter46.63%
ROE-15.32%
ROCE-15.61%
ROA-12.42%
ROE, 3-year average-9.28%
ROCE, 3-year average-9.70%
ROA, 3-year average-7.63%
ROE, 5-year average3.00%
ROCE, 5-year average1.79%
ROA, 5-year average-1.87%
ROIC (approx.)-18.36%
Tax rate3.06%
Other income / net worth6.03%
Growth
Sales growth (latest year)-10.33%
Sales CAGR, 3 years4.79%
Sales CAGR, 5 years-29.31%
Sales growth QoQ-9.84%
Sales growth YoY (latest quarter)2.44%
Profit growth YoY (latest quarter)-18.69%
Per share
EPS (TTM)Rs -3.15
EPS (latest year)Rs -2.83
EPS (latest quarter)Rs 1.40
EPS, 3-year averageRs -1.83
EPS, 5-year averageRs 0.53
Book value per shareRs 17.15
Sales per shareRs 11.78
Cash flow per shareRs -2.95
Free cash flow per shareRs -3.18
Efficiency
Asset turnover0.55x
Fixed asset turnover4.35x
Inventory turnover9.55x
Inventory days38 days
Debtor days36 days
Debtors turnover10.26x
Creditor days138 days
Cash conversion cycle-61 days
Working capital days-14 days
Leverage
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Interest coverage-108.00x
Owners' fund to total sources80.22%
Cash flow
Cash from Operating Activity (latest year)Rs -5 Cr
Cash from Investing Activity (latest year)Rs 5 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -5 Cr
Cash from ops / profit, 5 years1.64x
Statement figures
Net sales (TTM)Rs 20 Cr
Net sales (latest year)Rs 20 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs -6 Cr
Operating profit (latest quarter)Rs -1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs -5 Cr
PBDT (TTM)Rs -5 Cr
Profit before tax (TTM)Rs -5 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -5 Cr
Net profit (latest year)Rs -5 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 13 Cr
Total expenditure (latest year)Rs 26 Cr
Total income (latest year)Rs 21 Cr
Share capitalRs 17 Cr
ReservesRs 12 Cr
Shareholders' fundsRs 29 Cr
Total assetsRs 36 Cr
Net blockRs 5 Cr
InvestmentsRs 24 Cr
ReceivablesRs 2 Cr
InventoryRs 1 Cr
Other liabilitiesRs 7 Cr
Shares outstanding (crore)1.68
Ownership
Promoter holding55.58% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 1.00 is at the 50th percentile (median 1.00).
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 | PEARLPOLY | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.7% | -2.8% | -5.9 pts |
| 1 month | +13.6% | -6.8% | +20.3 pts |
| 3 months | -5.9% | -7.6% | +1.7 pts |
| 6 months | +31.4% | +0.4% | +31.0 pts |
| 1 year | -43.2% | -9.9% | -33.3 pts |
| 2 years | -57.8% | -13.6% | -44.3 pts |
| 3 years | -35.5% | +14.2% | -49.7 pts |
| 5 years | +12.1% | +27.9% | -15.8 pts |
Red flags
F-score 3 of 8| look | Repeated losses Net loss in each of the last two years |
| look | On NSE surveillance On NSE surveillance: ASM long-term |
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 ₹5 Cr +2.4% vs Jun 2025.
Net profit ₹2 Cr -18.7%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Shaily Engineering Plastics Ltd | 13,986 | 78.6 | 30.2 % |
| Safari Industries (India) Ltd | 7,011 | 42.5 | 19.3 % |
| V I P Industries Ltd | 4,167 | -28.9 % | |
| Nilkamal Ltd | 2,833 | 21.0 | 10.6 % |
| Bai-Kakaji Polymers Ltd | 642 | 29.3 | 21.2 % |
| Essen Speciality Films Ltd | 283 | -1.07 % | |
| Atharva Poly-Plast Ltd | 200 | 30.9 | 38.2 % |
| Pil Italica Lifestyle Ltd | 173 | 55.1 | 7.67 % |
| Prima Plastics Ltd | 150 | 7.61 | 14.3 % |
| Avro India Ltd | 94 | 24.6 | 6.52 % |
| Tokyo Plast International Ltd | 68 | 195 | 3.94 % |
| Niraj Ispat Industries Ltd | 18 | 11.9 | 11.3 % |
| Technopack Polymers Ltd | 14 | 11.8 | 7.81 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2024-09-17 | Annual General Meeting | |
| 2023-09-21 | Annual General Meeting | |
| 2022-09-22 | Annual General Meeting | |
| 2021-09-22 | Annual General Meeting | |
| 2020-12-22 | Annual General Meeting | |
| 2019-09-19 | Annual General Meeting | |
| 2018-09-19 | Annual General Meeting | |
| 2017-09-21 | Annual General Meeting | |
| 2016-09-22 | Annual General Meeting | |
| 2015-09-23 | Annual General Meeting | |
| 2014-09-19 | Annual General Meeting | |
| 2013-09-16 | Annual General Meeting | |
| 2012-09-14 | Annual General Meeting | |
| 2011-09-14 | Annual General Meeting | |
| 2010-09-17 | Annual General Meeting | |
| 2009-09-14 | Annual General Meeting | |
| 2008-09-09 | Annual General Meeting Bc Start Date Revised | |
| 2007-09-04 | Agm | |
| 2006-09-08 | Agm |
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.
EPS in the scrip is zero (4 trailing quarters)Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1