₹1,063.8
▼ -5.67 -0.53%
16 Jul 2026
NSE Listed
Polyplex Corporation Ltd. (POLYPLEX)
Volume: 55,073Avg Vol 1W: 1,26,388Avg Vol 1M: 1,85,595.852W Range:₹740₹1,179.9
Key Ratios
Checked 15h agoMarket Cap₹3,357 Cr
Current Price₹1,063.8
Previous Close₹1,069.47
High / Low (52w)₹1,179.9 / ₹740
Volume55,073
Avg Vol (1W)1,26,388
Avg Vol (1M)1,85,595.8
Stock P/E135.38
Book Value₹1,350.73
Dividend Yield0%
ROE1.1%
ROA0.5%
Revenue (TTM)₹6,981 Cr
Revenue Growth9.2%
Profit Margin0.6%
Total Debt₹345 Cr
Shares Outstanding3 Cr
Face Value₹10
EPS (TTM)₹7.9
P/B0.79
Debt / Equity0.22
50 DMA₹958.38
200 DMA₹893.47
Day change-0.53%
Price Chart
₹1,063.8▼ 8.34% · 1Y
2025-07-162026-07-15
20-day avg volume: 1.9L shares
Pros
- Company is almost debt-free.
- Stock trades below its book value.
Cons
- Revenue fell 24% YoY.
- Stock trades at a high P/E of 135.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,686 Cr | ₹1,739 Cr | ₹1,721 Cr | ₹1,740 Cr | ₹1,739 Cr | ₹1,794 Cr | ₹1,682 Cr | ₹1,871 Cr |
| EBITDA | ₹120 Cr | ₹213 Cr | ₹153 Cr | ₹6 Cr | ₹-56 Cr | ₹37 Cr | ₹38 Cr | ₹56 Cr |
| Net Profit | ₹54 Cr | ₹88 Cr | ₹58 Cr | ₹10 Cr | ₹-19 Cr | ₹25 Cr | ₹15 Cr | ₹25 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3,617 Cr | ₹4,733 Cr | ₹4,549 Cr | ₹4,977 Cr | ₹6,752 Cr | ₹7,747 Cr | ₹6,367 Cr | ₹6,981 Cr |
| EBITDA | ₹353 Cr | ₹686 Cr | ₹589 Cr | ₹996 Cr | ₹1,163 Cr | ₹746 Cr | ₹118 Cr | ₹491 Cr |
| Net Profit | ₹159 Cr | ₹330 Cr | ₹282 Cr | ₹512 Cr | ₹569 Cr | ₹348 Cr | ₹38 Cr | ₹209 Cr |
| EPS | 49.85 | 103.18 | 88.18 | 162.57 | 181.19 | 110.97 | 12.05 | 66.64 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹4,868 Cr | ₹5,208 Cr | ₹5,762 Cr | ₹6,177 Cr | ₹7,246 Cr | ₹7,397 Cr | ₹7,431 Cr | ₹7,998 Cr |
| Total Liabilities | ₹1,248 Cr | ₹1,201 Cr | ₹1,276 Cr | ₹1,368 Cr | ₹1,923 Cr | ₹1,627 Cr | ₹1,620 Cr | ₹1,777 Cr |
| Equity | ₹3,620 Cr | ₹4,006 Cr | ₹4,487 Cr | ₹4,808 Cr | ₹5,323 Cr | ₹5,769 Cr | ₹5,812 Cr | ₹6,221 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹334 Cr | ₹628 Cr | ₹819 Cr | ₹1,161 Cr | ₹673 Cr | ₹991 Cr | ₹523 Cr | ₹479 Cr |
| Investing | ₹-126 Cr | ₹-296 Cr | ₹-405 Cr | ₹-436 Cr | ₹1 Cr | ₹-115 Cr | ₹-796 Cr | ₹-473 Cr |
| Financing | ₹-42 Cr | ₹-312 Cr | ₹-298 Cr | ₹-660 Cr | ₹-232 Cr | ₹-657 Cr | ₹-152 Cr | ₹-38 Cr |
| Free Cash Flow | ₹334 Cr | ₹628 Cr | ₹819 Cr | ₹1,161 Cr | ₹673 Cr | ₹991 Cr | ₹523 Cr | ₹479 Cr |
Shareholding
Promoter 26.73% Institutions 12.81% Public 60.46%
Efficiency & Working Capital
ROCE1.4%
Interest Coverage10.7
Dividend Payout—
Debtor Days54 d
Inventory Days83 d
Payable Days27 d
Cash Conversion Cycle110 d
Working Capital Days137 d
Shareholding Details
As of 2026-03-31
Promoter26.7%
FII9.9%
DII2.9%
Institutions12.8%
Public60.5%
Promoter Pledge99.8%
No. of Shareholders98,128
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 51% | 51% | 26.7% | 26.7% | 26.7% | 26.7% | 26.7% | 26.7% | 26.7% | 26.7% | 26.7% | 26.7% |
| FIIs | 10.8% | 9.4% | 8.3% | 7.9% | 7.1% | 7.4% | 7.8% | 7.7% | 7.1% | 9.3% | 9% | 9.9% |
| DIIs | 2.8% | 2.3% | 2.3% | 2.3% | 2.4% | 2.8% | 3.3% | 2.8% | 2.9% | 2.8% | 2.9% | 2.9% |
| Public | 35.4% | 37.4% | 62.7% | 63.1% | 63.8% | 63.1% | 62.2% | 62.8% | 63.2% | 61.2% | 61.4% | 60.5% |
| Promoter Pledge | 0% | 100% | 99.9% | 99.9% | 99.9% | 99.9% | 99.9% | 99.9% | 99.8% | 99.8% | 99.8% | 99.8% |
| No. of Shareholders | 1,48,714 | 1,53,800 | 1,52,660 | 1,46,268 | 1,37,449 | 1,32,193 | 1,20,943 | 1,14,664 | 1,07,967 | 1,04,111 | 1,02,155 | 98,128 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Agp Holdco Limited | Public Shareholding | 24.3% | 76,21,390 |
| Secure Investments Limited | Shareholding of Promoter and Promoter Group | 22.1% | 69,37,946 |
| First Water Fund | Public Shareholding | 3.3% | 10,45,380 |
| Nippon Life India Trustee Ltd A/c Nippon India Small Cap Fund And Nifty Small Cap 250 Index Fund | Public Shareholding | 2.1% | 6,57,517 |
| Bhilangana Hydro Power Limited | Shareholding of Promoter and Promoter Group | 1.9% | 6,07,000 |
| Sakhi Saraf | Shareholding of Promoter and Promoter Group | 1.8% | 5,70,000 |
| 1729 Capital | Public Shareholding | 1.2% | 3,63,073 |
| Amla Saraf | Shareholding of Promoter and Promoter Group | 0.8% | 2,59,000 |
| Huma Khalil | Shareholding of Promoter and Promoter Group | 0% | 10,926 |
| Sanjiv Chadha | Shareholding of Promoter and Promoter Group | 0% | 4,000 |
| Gauri Gidwani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sarita Saraf | Shareholding of Promoter and Promoter Group | 0% | 20 |
| Saraf Rohitkumar (huf) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Late Shri Narayandas Durgaprasad Saraf | Shareholding of Promoter and Promoter Group | 0% | 20 |
| Late Smt. Urmila Devi Saraf | Shareholding of Promoter and Promoter Group | 0% | 20 |
| Rohit Saraf | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Aradhana Somani | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Gauri Sanjiv Saraf (huf) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Narayan Durgaprasad Saraf (huf) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Hiba Mirza | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mustafa Mirza | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sarah Mirza | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Adnan Khalil | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Salman Khalil | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mahalaxmi Trading & Investment Co. Ltd. | Shareholding of Promoter and Promoter Group | 0% | 1,000 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Late Shri Narayandas Durgaprasad Saraf | 0 | 0% | 2026-03-31 |
| Late Smt. Urmila Devi Saraf | 0 | 0% | 2026-03-31 |
| Rohit Saraf | 0 | 0% | 2026-03-31 |
| Aradhana Somani | 0 | 0% | 2026-03-31 |
| Gauri Sanjiv Saraf (huf) | 0 | 0% | 2026-03-31 |
| Narayan Durgaprasad Saraf (huf) | 0 | 0% | 2026-03-31 |
| Huma Khalil | 0 | 0% | 2026-03-31 |
| Sarita Saraf | 0 | 0% | 2026-03-31 |
| Saraf Rohitkumar (huf) | 0 | 0% | 2026-03-31 |
| Bhilangana Hydro Power Limited | 6,07,000 | 100% | 2026-03-31 |
| Sanjiv Sarita Consulting Private Limited | 0 | 0% | 2026-03-31 |
| Utkarsh Trading And Holdings Limited | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Sanjiv Saraf | Chairman & Non Executive Dir. | 2025 |
| Sanjiv Chadha | Non-Exec & Non-Independent Dir | 2025 |
| Iyad Malas | Non-Exec & Non-Independent Dir | 2025 |
| Hemant Sahai | Independent Non Exe. Director | 2025 |
| Ranjit Singh | Independent Non Exe. Director | 2025 |
| Sandip Das | Independent Non Exe. Director | 2025 |
| Shalini Sarin | Independent Non Exe. Director | 2025 |
| Yogesh Kapur | Independent Non Exe. Director | 2025 |
| Pranay Kothari | Executive Director / Whole Time Director / CEO | 2025 |
| Rakesh Bhartia | Non Executive Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Polymeric films | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Within India | ₹1,005 Cr | 64.3% |
| Outside India | ₹558 Cr | 35.7% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 34 | 33 | 32 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-11-21 | ₹2 (20%) | Interim |
| dividend | 2025-09-15 | ₹4.5 (45%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 247 | 0 | 0 | 10 | 24 | 282 |
| 2025 | 4 | 0 | 0 | 0 | 0 | 4 |
| 2025 | 3 | 0 | 0 | 10 | 20 | 34 |
Insider / Designated-Person Trades
17 recent disclosure(s)
Utkarsh Trading and Holdings LimitedDisposal · 14,02,202
Secure Investments LimitedAcquisition · 14,02,202
Mahalaxmi Trading & Investment Company LimitedDisposal · 76,21,390
BHILANGANA HYDRO POWER LIMITEDAcquisition · 69,000
SANJIV SARITA CONSULTING PRIVATE LIMITEDDisposal · 69,000
UTKARSH TRADING AND HOLDINGS LIMITEDAcquisition · 2,30,924
Substantial Acquisitions (SAST)
3 disclosure(s)
Off Market Transfer30/05/2024 - 31/05/2024 · 14,02,202
Off Market Transfer09/11/2023 · 76,21,390
Off Market Transfer09/11/2023 · 76,21,390
Company Information
Incorporated1984
ChairmanSanjiv Saraf
AuditorS S Kothari Mehta & Co LLP
Investor Email[email protected]
📍 Lohia Head Road, Dist Udham Singh Nagar, Khatima, Uttarakhand, 262308
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