MarketFriction

Silkflex Polymers (India) Ltd

NSE SILKFLEX · Specialty Chemicals
₹286.75 +5.00%
NSE close2026-10-01
52 week range76.00 - 309.05
Market cap₹334 Cr.
P/E27.5
IPO 2024 · +451% since Price band 5% Delivery 82.9%

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
Dec 2024Mar 2025Sep 2025Dec 2025Mar 2026
Sales31.8313.0318.8033.5439.07
Expenses28.7510.2515.9926.4330.06
Operating Profit3.082.782.817.119.01
OPM %9.68%21.34%14.95%21.20%23.06%
Other Income0.000.220.180.120.13
Interest0.550.800.581.151.83
Depreciation0.050.140.110.581.08
Profit before tax2.482.062.305.506.23
Tax %25.00%32.04%25.22%26.18%25.20%
Net Profit1.871.391.734.064.66
EPS in Rs1.611.201.493.504.01
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales212128445080110
Expenses20192642436888
Operating Profit112271222
OPM %4.0%6%6%5%14%15%20%
Other Income0000001
Interest0111234
Depreciation0000002
Profit before tax01115916
Tax %26%26%25%25%25%26%26%
Net Profit00114712
EPS in Rs2.332.192.763.324.846.0310.47
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%40%35%38%
Compounded Profit Growth%93%144%73%
Stock Price CAGR%%%208%
Return on Equity%27%30%29%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222281212
Reserves135642436
Borrowings661014153662
Other Liabilities1222111122
Total Liabilities101320243883132
Fixed Assets1134111266
CWIP0100156
Investments1211000
Other Assets791518266659
Total Assets101320243883132
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0-0-4-19-2429
Cash from Investing Activity-2-1-0-1-9-12-49
Cash from Financing Activity225203522
Net Cash Flow00-00002
Free Cash Flow-1-2-5-2-0-29-28
CFO/OP4%2%-248%-28%128%-192%144%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days41492917424665
Inventory Days90125216153164185136
Days Payable28131113823868
Cash Conversion Cycle104161234158125193133
Working Capital Days27876240712533
ROCE %14%12%11%28%24%23%
Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters69.89%69.89%69.89%69.89%69.89%69.89%70.14%70.14%
DIIs4.76%4.88%8.01%8.94%8.94%8.94%8.94%8.94%
Public25.36%25.24%22.10%21.17%21.17%21.17%20.91%20.91%
No. of Shareholders456472484413407390340443

Fundamentals

Market Cap₹ 334 Cr.
Current Price₹ 287
Stock P/E27.5
Book Value₹ 41.0
ROCE22.7 %
ROE29.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)38%
Compounded Profit Growth (TTM)73%
Standalone figures.
Valuation
Market capRs 333 Cr
Enterprise valueRs 346 Cr
P/E (TTM)401.00x
Price to book39.96x
Price to sales7.51x
EV / EBITDA132.70x
EV / EBIT156.71x
EV / sales7.82x
Earnings yield0.25%
Profitability
Operating margin (excl. other income)5.42%
Operating margin (incl. other income)5.89%
EBITDA margin5.89%
Pre-tax margin2.51%
Net profit margin1.87%
ROE10.57%
ROCE11.28%
ROA3.82%
ROE, 3-year average11.01%
ROCE, 3-year average12.41%
ROA, 3-year average3.99%
ROIC (approx.)7.57%
Tax rate25.23%
Other income / net worth2.52%
Growth
Sales growth (latest year)59.24%
Profit growth (latest year)20.29%
Sales CAGR, 3 years29.24%
Profit CAGR, 3 years33.35%
Per share
EPS (TTM)Rs 0.72
EPS (latest year)Rs 3.32
EPS, 3-year averageRs 2.76
Book value per shareRs 7.18
Sales per shareRs 38.17
Cash flow per shareRs -0.82
Free cash flow per shareRs -24.12
Efficiency
Asset turnover1.87x
Fixed asset turnover11.02x
Inventory turnover2.44x
Inventory days149 days
Debtor days17 days
Debtors turnover21.10x
Creditor days68 days
Cash conversion cycle133 days
Working capital days33 days
Leverage
Total debtRs 14 Cr
Cash and bankRs 0 Cr
Net debtRs 14 Cr
Debt to equity1.63x
Net debt / EBITDA5.18x
Interest coverage2.01x
Owners' fund to total sources35.12%
Debt to assets57.12%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Free cash flow (latest year)Rs -28 Cr
FCFE (approx.: FCF + change in debt)Rs -24 Cr
Cash from ops / profit, 5 years0.36x
Statement figures
Net sales (TTM)Rs 44 Cr
Net sales (latest year)Rs 44 Cr
Operating profit excl. other income (latest year)Rs 2 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 2 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Depreciation (TTM)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 36 Cr
Total expenditure (latest year)Rs 42 Cr
Total income (latest year)Rs 45 Cr
Share capitalRs 2 Cr
ReservesRs 6 Cr
Shareholders' fundsRs 8 Cr
Total assetsRs 24 Cr
Net blockRs 4 Cr
InvestmentsRs 1 Cr
ReceivablesRs 2 Cr
InventoryRs 15 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)1.16
Ownership
Promoter holding70.14% (+0.25 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 39.96 is at the 97th percentile (median 17.38).
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.
PeriodSILKFLEXNifty 50Difference
1 week+0.1%-2.8% +2.9 pts
1 month+18.0%-6.8% +24.8 pts
3 months+34.0%-7.6% +41.6 pts
6 months+134.4%+0.4% +134.0 pts
1 year+168.5%-9.9% +178.4 pts

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was -275% of net profit over the last 3 years
explainShare dilution Share count up 0% in a year, 67% in three
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 2026
Sales ₹39 Cr +22.7% vs Dec 2024. Net profit ₹5 Cr +149.2%.

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.
Close to Close price movement greater than 200perc in previous 365 DaysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 300perc in previous 365 DaysLess than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded

Quick answers

What is the market cap of Silkflex Polymers (India) Ltd?

Silkflex Polymers (India) Ltd (SILKFLEX) has a market capitalisation of Rs 334 Cr. at the 2026-10-01 close.

What is the P/E ratio of Silkflex Polymers (India) Ltd?

Silkflex Polymers (India) Ltd trades at a P/E of 27.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Silkflex Polymers (India) Ltd's latest quarterly results?

In the Mar 2026 quarter, Silkflex Polymers (India) Ltd sales was Rs 39 Cr (+22.7% vs Dec 2024) and net profit was Rs 5 Cr.

What is the 52-week high and low of Silkflex Polymers (India) Ltd?

The 52-week high is Rs 309.05 and the 52-week low is Rs 76.00.

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