MarketFriction

Polyplex Corporation Ltd

NSE POLYPLEX · BSE 524051 · Packaging
₹1,028.00 -2.56%
NSE close2026-10-01
52 week range740.00 - 1,264.00
Market cap₹3,329 Cr.
P/E21.4
Pledge Price band 20% Delivery 57.1%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5721,4961,6791,6861,7391,7211,7401,7391,7941,6821,8712,254
Expenses1,4511,4461,5821,5221,5481,6001,6761,7391,6921,5771,7831,957
Operating Profit121509716419112164-110310588296
OPM %8%3.3%6%10%11%7%3.7%-0.0%6%6%4.7%13%
Other Income24451726100107183023276225
Interest101010131112111413131317
Depreciation757582707976768689949494
Profit before tax59821107202142-6-71232543211
Tax %18%-102%-48%10%19%26%54%-15%-43%-19%12%19%
Net Profit48173197164105-9-60343038171
EPS in Rs8.901.472.6817.0527.9718.403.22-6.157.874.707.9029.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,2023,2013,5724,5704,4874,9186,6247,6526,3076,8857,0867,601
Expenses2,8492,7583,0783,8383,7063,7015,3166,7055,9406,1896,7377,009
Operating Profit3534434947327811,2171,308947367696349592
OPM %11%14%14%16%17%25%20%12%6%10%4.9%8%
Other Income-32177441631315912895589588137
Interest484739291818163542465356
Depreciation209197185209253280273296307300363372
Profit before tax643763146576409791,1477117644520302
Tax %75%4%9%11%23%12%16%13%-14%20%-101%
Net Profit163612845844948629656168635841272
EPS in Rs9.0872.4449.85103.1888.18163.04181.19110.9712.0566.6414.3249.47
Dividend Payout %34%10%82%50%20%102%58%81%25%21%21%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%8%-3%10%
Compounded Profit Growth-6%-47%-60%14%
Stock Price CAGR13%-9%-3%2%
Return on Equity8%7%2%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333333323232323232
Reserves2,0882,2892,2702,5162,7392,9973,0213,2843,4513,4793,7314,208
Borrowings1,6551,294810863786758695946799748882935
Other Liabilities9689511,2431,4571,6481,9522,4202,9543,0913,1243,3093,694
Total Liabilities4,7444,5664,3564,8685,2055,7396,1687,2167,3737,3837,9548,870
Fixed Assets2,5692,4062,1842,2182,2422,8242,7593,1523,2523,0023,9444,226
CWIP83108181303251261966283670
Investments161100133123233288276275374340348
Other Assets2,1512,1572,0622,5092,6582,6522,7963,6633,6503,3793,6344,226
Total Assets4,7444,5664,3564,8685,2055,7396,1687,2167,3737,3837,9548,870
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3764484413075517311,102560802455438537
Cash from Investing Activity-086-246-106-265-323-4514116-804-464-480
Cash from Financing Activity-234-473-436-42-312-298-660-232-657-152-38-133
Net Cash Flow14261-240159-26110-8369160-501-64-76
Free Cash Flow220400375170181261576160532-56-47150
CFO/OP133%128%104%68%86%105%95%51%105%142%69%168%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days464953564855506144565458
Inventory Days82788810392105133141110126140150
Days Payable383652483237555538514555
Cash Conversion Cycle909290110107123128147116132149153
Working Capital Days0829293962567269847977
ROCE %4%4%9%8%15%12%19%20%12%2%7%1%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters50.97%26.70%26.70%26.70%26.70%26.70%26.70%26.72%26.72%26.72%26.72%26.72%
FIIs9.41%8.29%7.92%7.08%7.39%7.82%7.67%7.10%9.31%8.97%9.91%10.22%
DIIs2.26%2.27%2.31%2.43%2.81%3.25%2.82%2.95%2.78%2.89%2.91%2.85%
Public37.37%62.74%63.07%63.80%63.11%62.23%62.82%63.23%61.18%61.39%60.46%60.18%
No. of Shareholders1,53,8001,52,6601,46,2681,37,4491,32,1931,20,9431,14,6641,07,9671,04,1111,02,15598,12895,075

Fundamentals

Market Cap₹ 3,329 Cr.
Current Price₹ 1,061
Stock P/E21.4
Book Value₹ 1,351
ROCE0.89 %
ROE0.54 %
Dividend Yield0.28 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)14%
Consolidated figures.
Valuation
Market capRs 3,350 Cr
Enterprise valueRs 3,460 Cr
P/E (TTM)21.57x
Price to book0.79x
Price to sales0.44x
EV / EBITDA4.74x
EV / EBIT9.67x
EV / sales0.46x
Price to cash flow6.24x
Earnings yield4.64%
Dividend yield0.29%
P/E, 3-year average45.45x
P/B, 3-year average0.76x
P/E, 5-year average32.01x
P/B, 5-year average1.12x
Profitability
Operating margin (excl. other income)4.93%
Operating margin (incl. other income)6.17%
EBITDA margin9.60%
Pre-tax margin3.97%
Net profit margin2.04%
Net margin, latest quarter4.04%
ROE1.12%
ROCE1.50%
ROA0.53%
ROE, 3-year average2.65%
ROCE, 3-year average5.10%
ROA, 3-year average1.26%
ROE, 5-year average7.21%
ROCE, 5-year average12.36%
ROA, 5-year average3.41%
ROIC (approx.)16.51%
Tax rate-100.79%
Other income / net worth2.07%
Growth
Sales growth (latest year)2.91%
Profit growth (latest year)-78.51%
Sales CAGR, 3 years-2.53%
Sales CAGR, 5 years7.58%
Profit CAGR, 3 years-49.47%
Profit CAGR, 5 years-38.52%
Sales growth QoQ20.47%
Profit growth QoQ267.06%
Sales growth YoY (latest quarter)29.62%
Per share
EPS (TTM)Rs 47.65
EPS (latest year)Rs 13.79
EPS (latest quarter)Rs 27.93
EPS, 3-year averageRs 30.01
EPS, 5-year averageRs 76.44
Book value per shareRs 1,301.06
Sales per shareRs 2,332.38
Cash flow per shareRs 164.74
Free cash flow per shareRs 46.03
Dividend per share (latest year)Rs 2.94
Dividend per share, 3-year averageRs 6.41
Dividend per share, 5-year averageRs 42.96
Dividends
Dividend payout21.33%
Dividend payout, 3-year average22.44%
Dividend payout, 5-year average41.31%
Efficiency
Asset turnover0.80x
Fixed asset turnover1.68x
Inventory turnover3.07x
Inventory days119 days
Debtor days58 days
Debtors turnover6.30x
Creditor days55 days
Cash conversion cycle153 days
Working capital days77 days
Leverage
Total debtRs 935 Cr
Cash and bankRs 825 Cr
Net debtRs 110 Cr
Debt to equity0.22x
Net debt / EBITDA0.15x
Interest coverage6.38x
Current ratio (filing 2026-03-31)2.59x
Quick ratio (filing 2026-03-31)1.53x
Trade payables (filing 2026-03-31)Rs 626 Cr
Owners' fund to total sources47.80%
Debt to assets10.54%
Cash flow
Cash from Operating Activity (latest year)Rs 537 Cr
Cash from Investing Activity (latest year)Rs -480 Cr
Cash from Financing Activity (latest year)Rs -133 Cr
Net Cash Flow (latest year)Rs -76 Cr
Free cash flow (latest year)Rs 150 Cr
FCFE (approx.: FCF + change in debt)Rs 203 Cr
Cash from ops / profit, 5 years1.35x
Sales to cash flow13.20x
Statement figures
Net sales (TTM)Rs 7,601 Cr
Net sales (latest year)Rs 7,086 Cr
Sales (latest quarter)Rs 2,254 Cr
Operating profit excl. other income (latest year)Rs 349 Cr
Operating profit (latest quarter)Rs 296 Cr
Other income (TTM)Rs 137 Cr
EBITDA (TTM)Rs 730 Cr
PBDT (TTM)Rs 674 Cr
Profit before tax (TTM)Rs 302 Cr
Tax (latest year)Rs -21 Cr
Net profit (TTM)Rs 155 Cr
Net profit (latest year)Rs 45 Cr
Net profit (latest quarter)Rs 91 Cr
Depreciation (TTM)Rs 372 Cr
Depreciation (latest quarter)Rs 94 Cr
Interest (TTM)Rs 56 Cr
Cost of goods sold (latest year)Rs 5,260 Cr
Total expenditure (latest year)Rs 6,737 Cr
Total income (latest year)Rs 7,173 Cr
Share capitalRs 32 Cr
ReservesRs 4,208 Cr
Shareholders' fundsRs 4,240 Cr
Total assetsRs 8,870 Cr
Net blockRs 4,226 Cr
Capital work in progressRs 70 Cr
InvestmentsRs 348 Cr
ReceivablesRs 1,125 Cr
InventoryRs 1,712 Cr
Other liabilitiesRs 3,694 Cr
Shares outstanding (crore)3.26
Ownership
Promoter holding26.72% (+0.00 in a year)
Promoter pledge flagYes, NSE list
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 21.6 is at the 80th percentile of its own 9.4-year range (median 10.3, low 3.0, high 111.4).
P/B 0.79 is at the 43th percentile (median 0.83).
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.
PeriodPOLYPLEXNifty 50Difference
1 week-6.3%-2.8% -3.5 pts
1 month-13.4%-6.8% -6.7 pts
3 months+1.1%-7.6% +8.7 pts
6 months+37.5%+0.4% +37.1 pts
1 year-4.2%-9.9% +5.7 pts
2 years-12.1%-13.6% +1.5 pts
3 years-11.2%+14.2% -25.4 pts
5 years-41.9%+27.9% -69.7 pts
2 mutual fund schemes hold about ₹78 Cr. Over three months 2 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Small Cap Fund0.09%78 +16%
Motilal Oswal BSE 1000 Index Fund0.01%0 +32%

Red flags

F-score 5 of 8
explainLow interest cover Interest cover 1.4x in 2026
explainPromoter pledge (NSE list) Promoter shares on the NSE pledge list
lookProfit leans on other income Other income was 430% of pre-tax profit in 2026
lookOn NSE surveillance On NSE surveillance: Pledge
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 ₹2,254 Cr +29.6% vs Jun 2025. Net profit ₹171 Cr +385.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-08Dividend - Re 1 Per Share
2025-11-21Interim Dividend - Rs 2 Per Share
2025-09-15Dividend - Rs 4.50 Per Share
2024-11-26Interim Dividend - Rs 9 Per Share
2024-09-20Annual General Meeting/Dividend - Re 1 Per Share
2023-11-17Interim Dividend - Rs 2 Per Share
2023-09-08Annual General Meeting/Dividend - Rs 3 Per Share
2023-02-24Interim Dividend - Rs 30 Per Share
2022-11-24Interim Dividend - Rs 20 Per Share & Special Dividend - Rs 35 Per Share
2022-09-22Annual General Meeting/Dividend - Rs 21 Per Share
2022-02-24Interim Dividend - Rs 35 Per Share
2021-11-24 Interim Dividend - Rs 15 Per Share
2021-09-24 Annual General Meeting/Dividend - Rs 17 Per Share
2021-08-25 Interim Dividend - Rs 33 Per Share
2021-02-17 Interim Dividend - Rs 100 Per Share
2020-11-19 Interim Dividend - Rs 15 Per Share
2020-08-25 Interim Dividend - Rs 32 Per Share
2020-08-25 Annual General Meeting/Dividend - Rs 6 Per Share
2019-11-21 Interim Dividend-Rs 11 Per Share
2019-08-27 Annual General Meeting/Dividend - Rs 10 Per Share
2019-05-28 Interim Dividend Rs 31 Per Share
2018-11-27 Interim Dividend - Rs 10 Per Share
2018-09-19 Annual General Meeting/Dividend Rs 5 Per Share
2018-06-07 Interim Dividend- Rs 30 Per Share (Purpose Revised)
2017-11-23 Dividend - Rs 5/- Per Share
2017-08-31 Annual General Meeting/Dividend - Rs 4/- Per Share
2016-11-23 Interim Dividend Rs 3/- Per Share
2016-09-22 Annual General Meeting/Dividend - Rs 3/- Per Share
2015-09-16 Annual General Meeting/ Dividend - Rs 2.50/- Per Share
2014-09-18Annual General Meeting / Dividend - Rs 2/- Per Share
2013-09-19Annual General Meeting And Dividend Rs.3/- Per Share
2012-09-20Annual General Meeting And Dividend Rs.4/- Per Share
2011-09-22Annual General Meeting And Dividend Rs.7/- Per Share
2010-12-23Bonus 1:10.5000
2010-11-15Interim Dividend Rs 6/- Per Share
2010-09-16Annual General Meeting And Dividend Rs.8/- Per Share
2009-09-24Dividend-Rs.7/- Per Share
2008-09-18Agm/Dividend - 60%
2007-09-06Agm/Final Dividend-40%
2006-08-10Agm/Final Dividend-10% Bc End Date Revised
DateTypeWhat it says
2026-10-01General UpdatesUpdate on the final sale consideration of Acquisition.
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.
Order dateForumCase
2020-02-12CESTATPOLYPLEX CORPORATION LTD ---VS.--- DEHRADUN
2020-02-12CESTATPOLYPLEX CORPORATION LTD ---VS.--- DEHRADUN
2020-02-12CESTATPOLYPLEX CORPORATION LTD ---VS.--- DEHRADUN
2019-12-16CESTATPOLYPLEX CORPORATION LTD ---VS.--- DEHRADUN
2019-12-16CESTATPOLYPLEX CORPORATION LTD ---VS.--- DEHRADUN
2019-12-16CESTATPOLYPLEX CORPORATION LTD ---VS.--- DEHRADUN
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Pledge: stage 1

Quick answers

What is the market cap of Polyplex Corporation Ltd?

Polyplex Corporation Ltd (POLYPLEX) has a market capitalisation of Rs 3,329 Cr. at the 2026-10-01 close.

What is the P/E ratio of Polyplex Corporation Ltd?

Polyplex Corporation Ltd trades at a P/E of 21.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Polyplex Corporation Ltd's latest quarterly results?

In the Jun 2026 quarter, Polyplex Corporation Ltd sales was Rs 2,254 Cr (+29.6% vs Jun 2025) and net profit was Rs 171 Cr.

What is the 52-week high and low of Polyplex Corporation Ltd?

The 52-week high is Rs 1,264.00 and the 52-week low is Rs 740.00.

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