Debut Plus

21

+0 +0.00%

18 Jul 2026

NSE Listed · Plastic products

ESM 1

Solve Plastic Products Limited (BALCO)

Volume: 1,200Avg Vol 1W: 2,160Avg Vol 1M: 2,45552W Range:13.436.55
Market Cap₹9 Cr
Current Price₹21
Previous Close₹21
High / Low (52w)₹36.55 / ₹13.4
Volume1,200
Avg Vol (1W)2,160
Avg Vol (1M)2,455
Stock P/E21
Book Value₹23.85
Dividend Yield0%
ROE419.58%
ROA
Revenue (TTM)
Revenue Growth
Profit Margin0%
Total Debt
Shares Outstanding0 Cr
Face Value
EPS (TTM)₹1
P/B0.88
Debt / Equity1.55
50 DMA₹20.88
200 DMA₹24.79
Day change+0.00%
SurveillanceESM 1 (as of 2026-07-18)
Price Chart
21 26.96% · 1Y
451348K
2025-07-18
2026-07-17

20-day avg volume: 2K shares

Pros
  • Healthy return on equity of 419.6%.
  • Company is almost debt-free.
  • Stock trades below its book value.
Cons
  • Revenue fell 11% YoY.
  • Company is loss-making at the latest annual result.
Profit & Loss (Annual)
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹42 Cr₹56 Cr₹62 Cr₹47 Cr₹42 Cr
EBITDA₹1 Cr₹1 Cr₹3 Cr₹3 Cr₹-5 Cr
Net Profit₹0 Cr₹0 Cr₹1 Cr₹1 Cr₹-5 Cr
EPS-0.51-1.343.964.66-12.38
Balance Sheet
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹21 Cr₹18 Cr₹19 Cr₹22 Cr₹24 Cr
Total Liabilities₹20 Cr₹18 Cr₹17 Cr₹18 Cr₹14 Cr
Equity₹1 Cr₹1 Cr₹2 Cr₹4 Cr₹10 Cr
Total Debt
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹2 Cr₹5 Cr₹2 Cr₹2 Cr₹-3 Cr
Investing₹0 Cr₹-1 Cr₹-1 Cr₹-2 Cr₹-1 Cr
Financing₹-2 Cr₹-5 Cr₹-1 Cr₹0 Cr₹7 Cr
Free Cash Flow₹2 Cr₹5 Cr₹2 Cr₹2 Cr₹-3 Cr
Shareholding
Promoter 63.35% Institutions 0% Public 36.65%
Efficiency & Working Capital
ROCE7.6%
Interest Coverage-4.6
Dividend Payout
Debtor Days39 d
Inventory Days53 d
Payable Days13 d
Cash Conversion Cycle79 d
Working Capital Days92 d
Shareholding Details

As of 2026-03-31

Promoter63.4%
FII0%
DII0%
Institutions0%
Public36.6%
Promoter Pledge0%
No. of Shareholders581
Shareholding Pattern

Quarterly — figures in %. Latest 8 quarters.

PeriodMay 2024May 2024Aug 2024Aug 2024Sept 2024Mar 2025Sept 2025Mar 2026
Promoters90.2%90.2%63.3%63.3%63.3%63.3%63.3%63.4%
FIIs0%0%0.9%0.9%0%0%0%0%
DIIs9.8%0%0%0%0%0%0%0%
Public0%9.8%35.8%35.8%36.7%36.7%36.7%36.6%
Promoter Pledge0%0%0%0%0%0%0%0%
No. of Shareholders2525978978781677617581
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Sudheer Kumar Balakrishnan NairShareholding of Promoter and Promoter Group40.9%17,87,950
Vinodkumar BhargavannairShareholding of Promoter and Promoter Group9.2%4,00,000
Susil Balakrishnan NairShareholding of Promoter and Promoter Group4.1%1,77,860
Balakrishnan NairShareholding of Promoter and Promoter Group2.2%94,020
Sunitha VinodkumarShareholding of Promoter and Promoter Group1.7%75,440
Anabel ThomasPublic Shareholding1.7%73,200
Nandini Rajan NairPublic Shareholding1.1%50,000
Gowri Rajan NairPublic Shareholding1.1%50,000
Devi VenkataramanPublic Shareholding1.1%50,000
Govind VinodkumarShareholding of Promoter and Promoter Group1.1%50,000
Prasanth Vijayan PalakandyPublic Shareholding1.1%48,000
Malavika Vinod KumarShareholding of Promoter and Promoter Group1%45,000
Rohit Dhirajlal MehtaPublic Shareholding1%44,400
Aravind Sudheer KumarShareholding of Promoter and Promoter Group0.9%40,000
Shankar Sudheer KumarShareholding of Promoter and Promoter Group0.7%30,000
Akhila S KumarShareholding of Promoter and Promoter Group0.6%25,000
Aswin S KumarShareholding of Promoter and Promoter Group0.5%20,000
Bindu KochunarayankurupShareholding of Promoter and Promoter Group0.2%7,540
Beena Kochunarayana KurupShareholding of Promoter and Promoter Group0.2%7,540
Rekha Susil KumarShareholding of Promoter and Promoter Group0.2%7,100
Meenakshi PpShareholding of Promoter and Promoter Group0%0
NiyatiShareholding of Promoter and Promoter Group0%0
Prasad A PillaiShareholding of Promoter and Promoter Group0%0
NarendranShareholding of Promoter and Promoter Group0%0
T L PadmakumariShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Vinodkumar Bhargavannair00%2026-03-31
Sudheer Kumar Balakrishnan Nair00%2026-03-31
Susil Balakrishnan Nair00%2026-03-31
Beena Kochunarayana Kurup00%2026-03-31
Sunitha Vinodkumar00%2026-03-31
Rekha Susil Kumar00%2026-03-31
Balakrishnan Nair00%2026-03-31
Bindu Kochunarayankurup00%2026-03-31
Govind Vinodkumar00%2026-03-31
Malavika Vinod Kumar00%2026-03-31
Aravind Sudheer Kumar00%2026-03-31
Shankar Sudheer Kumar00%2026-03-31
Board of Directors
NameDesignationYear
Sudheer Kumar Balakrishnan NairManaging Director2025
Susil Balakrishnan NairWhole-time Director2025
Balakrishnan NairNon Executive Director2025
NARAYANA KURUP ASOKANIndependent Non Exe. Director2025
Deepthi SanthakumaryIndependent Non Exe. Director2025
Suresh K PillaiIndependent Non Exe. Director2025
Divya AjnthakumariCompany Sec. & Compli. Officer2025
Segments — Product
SegmentRevenueShare
Plastic Products (manufacturing uPV₹0 Cr
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10544
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000162037
2025000161026
202500001010
Company Information
Incorporated1994
AuditorRGN Price & Co/RANJITH KARTHIKEYAN ASSOCIATES LLP
Investor Email[email protected]
🌐 www.balcopipes.com

📍 Door No.XIII/690/ABC, Tholicode Punalur, Kollam, Kerala, 691333

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