MarketFriction

Polyspin Exports Ltd

NSE POLYSPIN · BSE 539354 · Packaging
₹29.50 -5.51%
NSE close2026-10-01
52 week range27.53 - 36.49
Market cap₹28.2 Cr.
P/E4.98
Price band 20% Delivery 90.7%

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
Sales53.4550.7048.8848.6761.5254.6160.3557.3658.8753.7955.7353.14
Expenses50.9252.3850.4046.0956.8651.9757.3753.9655.0251.3954.0750.87
Operating Profit2.53-1.68-1.522.584.662.642.983.403.852.401.662.27
OPM %4.73%-3.31%-3.11%5.30%7.57%4.83%4.94%5.93%6.54%4.46%2.98%4.27%
Other Income1.120.800.880.260.531.090.710.830.780.831.341.27
Interest0.881.061.010.971.381.461.621.471.641.381.211.35
Depreciation0.780.820.870.871.051.291.171.181.181.131.101.15
Profit before tax1.99-2.76-2.521.002.760.980.901.581.810.720.691.04
Tax %3.52%3.26%-70.63%-53.00%85.51%67.35%63.33%27.85%8.29%31.94%26.09%26.92%
Net Profit2.19-2.50-0.651.790.670.840.811.402.421.250.491.50
EPS in Rs2.19-2.50-0.651.790.670.840.811.402.421.250.491.50
Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales58172181212166235277208202225226222
Expenses52158165195156218260204203210214211
Operating Profit61315171016174-0151210
OPM %10%8%9%8%6%7%6%2.2%-0.2%7%5%4.6%
Other Income000264633244
Interest255656544766
Depreciation233344433455
Profit before tax25811711131-5654
Tax %33%36%34%33%29%31%32%34%-31%55%21%
Net Profit23575995-3466
EPS in Rs1.603.385.047.455.358.749.225.37-2.784.105.565.66
Dividend Payout %25%14%10%6%4%7%7%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%-1%3%-5%
Compounded Profit Growth%-9%1%37%
Stock Price CAGR2%-17%-14%-7%
Return on Equity12%7%4%8%
Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444444555555
Reserves4518223035425155545865
Borrowings193049536161797870758571
Other Liabilities8724252619232232261822
Total Liabilities354695105121119149157162159167163
Fixed Assets142140383845464343375049
CWIP0200720071600
Investments1111113378913
Other Assets20235465757010111010599107101
Total Assets354695105121119149157162159167163
Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-1-0431511-913118-932
Cash from Investing Activity-8-11-3-2-15-10-1-0-8-84-12
Cash from Financing Activity1010-1-01-313-6-1215-20
Net Cash Flow1-0-001-226-9-00-0
Free Cash Flow-9-111155-11111-4-529
CFO/OP-22%-2%30%33%106%133%-48%105%299%-2,130%-66%282%
Mar 2011Mar 2012Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days474338503653405357537256
Inventory Days118927484769412364147117117108
Days Payable352652544538271864531933
Cash Conversion Cycle130108607968109136100139117170132
Working Capital Days-2-1-21-15-18-23-71314202129
ROCE %20%14%17%20%13%15%14%5%0%10%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters47.83%47.83%47.80%47.96%47.44%46.82%46.82%46.82%46.82%46.82%46.83%47.03%
Public52.19%52.18%52.22%52.05%52.57%53.20%53.21%53.21%53.20%53.19%53.18%52.97%
No. of Shareholders3,9734,0724,1594,1014,1164,1274,1224,1124,0854,0363,9963,980

Fundamentals

Market Cap₹ 28.2 Cr.
Current Price₹ 28.2
Stock P/E4.98
Book Value₹ 69.6
ROCE7.63 %
ROE8.29 %
Dividend Yield0.00 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)37%
Consolidated figures.
Valuation
Market capRs 30 Cr
Enterprise valueRs 83 Cr
P/E (TTM)5.21x
Price to book0.42x
Price to sales0.13x
EV / EBITDA5.77x
EV / EBIT8.45x
EV / sales0.38x
Price to cash flow0.91x
Earnings yield19.19%
P/E, 3-year average6.69x
P/B, 3-year average0.59x
P/E, 5-year average7.25x
P/B, 5-year average0.73x
Profitability
Operating margin (excl. other income)5.28%
Operating margin (incl. other income)6.94%
EBITDA margin6.50%
Pre-tax margin1.92%
Net profit margin2.56%
Net margin, latest quarter2.82%
ROE8.38%
ROCE7.66%
ROA3.37%
ROE, 3-year average3.47%
ROCE, 3-year average5.37%
ROA, 3-year average1.39%
ROE, 5-year average7.48%
ROCE, 5-year average6.81%
ROA, 5-year average2.71%
ROIC (approx.)6.30%
Tax rate21.09%
Other income / net worth5.40%
Growth
Sales growth (latest year)0.28%
Profit growth (latest year)35.61%
Sales CAGR, 3 years2.73%
Sales CAGR, 5 years-0.77%
Profit CAGR, 3 years1.17%
Profit CAGR, 5 years-8.65%
Sales growth QoQ-4.65%
Profit growth QoQ206.12%
Sales growth YoY (latest quarter)-7.36%
Profit growth YoY (latest quarter)7.14%
Per share
EPS (TTM)Rs 5.66
EPS (latest year)Rs 5.56
EPS (latest quarter)Rs 1.50
EPS, 3-year averageRs 2.29
EPS, 5-year averageRs 4.29
Book value per shareRs 69.62
Sales per shareRs 221.53
Cash flow per shareRs 32.40
Free cash flow per shareRs 29.00
Dividend per share, 5-year averageRs 0.60
Dividends
Dividend payout, 5-year average6.51%
Efficiency
Asset turnover1.39x
Fixed asset turnover4.65x
Inventory turnover4.33x
Inventory days84 days
Debtor days56 days
Debtors turnover6.47x
Creditor days33 days
Cash conversion cycle132 days
Working capital days29 days
Leverage
Total debtRs 71 Cr
Cash and bankRs 17 Cr
Net debtRs 54 Cr
Debt to equity1.02x
Net debt / EBITDA3.72x
Interest coverage1.76x
Owners' fund to total sources42.72%
Debt to assets43.49%
Cash flow
Cash from Operating Activity (latest year)Rs 32 Cr
Cash from Investing Activity (latest year)Rs -12 Cr
Cash from Financing Activity (latest year)Rs -20 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 29 Cr
FCFE (approx.: FCF + change in debt)Rs 14 Cr
Cash from ops / profit, 5 years2.62x
Sales to cash flow6.97x
Statement figures
Net sales (TTM)Rs 222 Cr
Net sales (latest year)Rs 226 Cr
Sales (latest quarter)Rs 53 Cr
Operating profit excl. other income (latest year)Rs 12 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 9 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 6 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 6 Cr
Cost of goods sold (latest year)Rs 162 Cr
Total expenditure (latest year)Rs 214 Cr
Total income (latest year)Rs 230 Cr
Share capitalRs 5 Cr
ReservesRs 65 Cr
Shareholders' fundsRs 70 Cr
Total assetsRs 163 Cr
Net blockRs 49 Cr
Capital work in progressRs 0 Cr
InvestmentsRs 13 Cr
ReceivablesRs 35 Cr
InventoryRs 38 Cr
Other liabilitiesRs 22 Cr
Shares outstanding (crore)1.00
Ownership
Promoter holding47.03% (+0.21 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 5.2 is at the 14th percentile of its own 8.8-year range (median 8.3, low 3.5, high 15.9).
P/B 0.42 is at the 3th percentile (median 0.99).
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.
PeriodPOLYSPINNifty 50Difference
1 week-2.8%-2.8% -0.0 pts
1 month-3.2%-6.8% +3.6 pts
3 years-40.0%+14.2% -54.1 pts
5 years-62.3%+27.9% -90.1 pts

Red flags

F-score 7 of 8
lookProfit leans on other income Other income was 78% 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

Jun 2026
Sales ₹53 Cr -7.4% vs Jun 2025. Net profit ₹2 Cr +7.1%.
Against our estimate for Jun 2026: sales -2.9%, profit +15.0% in line. Our estimate for Sep 2026: sales Rs 54 Cr, profit Rs 1 Cr (how).

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 days

Quick answers

What is the market cap of Polyspin Exports Ltd?

Polyspin Exports Ltd (POLYSPIN) has a market capitalisation of Rs 28.2 Cr. at the 2026-10-01 close.

What is the P/E ratio of Polyspin Exports Ltd?

Polyspin Exports Ltd trades at a P/E of 4.98 on trailing twelve-month profit, at the 2026-10-01 close.

What were Polyspin Exports Ltd's latest quarterly results?

In the Jun 2026 quarter, Polyspin Exports Ltd sales was Rs 53 Cr (-7.4% vs Jun 2025) and net profit was Rs 2 Cr.

What is the 52-week high and low of Polyspin Exports Ltd?

The 52-week high is Rs 36.49 and the 52-week low is Rs 27.53.

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