Polson Ltd

Polson Ltd

₹ 11,006 -2.38%
08 Jun 3:40 p.m.
About

Incorporated in 1900, Polson Ltd does manufacturing and selling of Synthetic Organic Tanning Substance[1]

Key Points

Business Overview:[1]
Company is a manufacturer and exporter of natural based vegetable tannin extracts and eco friendly leather chemicals for domestic and export market

  • Market Cap 132 Cr.
  • Current Price 11,006
  • High / Low 14,370 / 9,530
  • Stock P/E 27.9
  • Book Value 6,556
  • Dividend Yield 0.00 %
  • ROCE 6.10 %
  • ROE 3.68 %
  • Face Value 50.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 0.57% over past five years.
  • Company has a low return on equity of 3.97% over last 3 years.
  • Working capital days have increased from 37.0 days to 65.5 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
19.89 29.66 22.25 20.29 24.18 24.70 21.16 22.59 24.84 23.55 21.56 22.12 23.93
16.25 24.76 18.57 16.16 21.09 20.70 17.48 18.91 21.18 19.81 18.01 18.43 19.87
Operating Profit 3.64 4.90 3.68 4.13 3.09 4.00 3.68 3.68 3.66 3.74 3.55 3.69 4.06
OPM % 18.30% 16.52% 16.54% 20.35% 12.78% 16.19% 17.39% 16.29% 14.73% 15.88% 16.47% 16.68% 16.97%
1.59 0.42 0.31 0.22 0.37 0.33 0.26 0.31 0.96 0.35 0.45 0.46 0.35
Interest 1.49 1.21 0.87 0.96 1.02 0.94 0.93 0.83 0.98 0.89 0.80 0.99 0.84
Depreciation 1.30 1.38 1.44 1.56 1.37 1.44 1.44 1.44 1.74 1.53 1.53 1.53 1.83
Profit before tax 2.44 2.73 1.68 1.83 1.07 1.95 1.57 1.72 1.90 1.67 1.67 1.63 1.74
Tax % 30.33% 26.37% 26.79% 24.04% 49.53% 26.67% 27.39% 27.33% 26.84% 26.95% 26.95% 25.77% 37.36%
1.69 2.02 1.23 1.40 0.55 1.43 1.15 1.25 1.40 1.23 1.22 1.21 1.08
EPS in Rs 84.50 101.00 61.50 70.00 27.50 71.50 57.50 62.50 70.00 61.50 61.00 60.50 54.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
103.27 103.94 108.28 105.77 108.94 96.70 88.61 97.53 83.86 96.39 93.28 91.16
90.89 88.84 89.17 87.22 92.74 80.11 72.97 81.97 69.58 80.50 78.27 76.10
Operating Profit 12.38 15.10 19.11 18.55 16.20 16.59 15.64 15.56 14.28 15.89 15.01 15.06
OPM % 11.99% 14.53% 17.65% 17.54% 14.87% 17.16% 17.65% 15.95% 17.03% 16.49% 16.09% 16.52%
6.92 21.88 6.57 9.93 6.09 4.85 3.98 2.73 3.43 1.24 1.85 1.60
Interest 7.57 8.72 6.56 6.70 6.91 6.50 5.71 4.47 5.55 4.06 3.67 3.53
Depreciation 2.16 3.06 3.25 3.68 4.02 4.53 4.77 5.13 5.51 5.75 6.06 6.42
Profit before tax 9.57 25.20 15.87 18.10 11.36 10.41 9.14 8.69 6.65 7.32 7.13 6.71
Tax % 31.66% 35.91% 34.85% 39.67% 12.50% 31.80% 6.67% 28.19% 27.37% 28.96% 26.79% 29.21%
6.55 16.15 10.33 10.91 9.93 7.10 8.53 6.23 4.83 5.20 5.23 4.74
EPS in Rs 327.50 807.50 516.50 545.50 496.50 355.00 426.50 311.50 241.50 260.00 261.50 237.00
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -1%
5 Years: 1%
3 Years: 3%
TTM: -2%
Compounded Profit Growth
10 Years: -3%
5 Years: -11%
3 Years: 6%
TTM: 0%
Stock Price CAGR
10 Years: 4%
5 Years: -3%
3 Years: -2%
1 Year: -14%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 4%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60 0.60
Reserves 45.31 61.45 69.06 80.10 90.04 95.63 104.17 110.59 115.58 121.03 126.01 130.53
90.85 67.23 62.78 74.19 69.08 65.26 45.45 59.72 49.57 38.10 42.98 35.10
43.30 24.91 31.44 24.95 22.12 22.37 21.32 21.14 15.19 20.55 19.12 23.16
Total Liabilities 180.06 154.19 163.88 179.84 181.84 183.86 171.54 192.05 180.94 180.28 188.71 189.39
83.34 85.71 84.88 94.29 97.75 105.27 109.72 118.67 115.12 118.33 121.08 121.50
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 4.96 0.00 0.00 0.00 0.00 0.00 0.99 1.15 1.15 1.43 0.00 0.00
91.76 68.48 79.00 85.55 84.09 78.59 60.83 72.23 64.67 60.52 67.63 67.89
Total Assets 180.06 154.19 163.88 179.84 181.84 183.86 171.54 192.05 180.94 180.28 188.71 189.39

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
19.12 35.09 19.35 6.13 11.15 31.73 22.41 1.54 12.17 25.38 17.20 11.93
-45.87 -0.29 -8.67 -11.35 0.27 -21.92 3.31 -8.91 -0.07 -9.69 -18.66 -4.85
23.16 -33.55 -10.79 5.37 -11.92 -9.89 -25.01 10.08 -15.21 -15.24 1.67 -6.69
Net Cash Flow -3.59 1.25 -0.10 0.16 -0.49 -0.08 0.72 2.71 -3.11 0.45 0.21 0.39
Free Cash Flow -36.66 29.63 17.97 4.28 3.52 20.24 13.28 -12.40 11.38 15.72 -3.09 6.23
CFO/OP 177% 270% 137% 61% 94% 211% 158% 25% 94% 169% 126% 90%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 59.48 89.72 95.67 82.37 86.64 83.87 75.17 50.64 52.67 52.98 46.37 57.18
Inventory Days 68.25 18.30 50.26 131.51 126.27 84.58 71.96 254.06 255.70 177.87 152.43 136.12
Days Payable 79.58 74.81 93.64 97.67 82.96 99.13 134.17 109.11 51.48 90.77 86.16 67.36
Cash Conversion Cycle 48.15 33.22 52.28 116.21 129.95 69.32 12.97 195.59 256.89 140.07 112.64 125.94
Working Capital Days -46.76 16.40 10.69 33.27 56.15 17.44 17.88 -14.45 23.94 14.65 30.72 65.46
ROCE % 14.60% 14.34% 16.04% 13.42% 11.61% 10.54% 9.50% 8.13% 6.51% 7.04% 6.16% 6.10%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Export Revenue Mix
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Number of Employees
Count
Research and Development Expenditure
INR Lakhs
Export Countries Presence
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
0.22% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21% 0.21%
24.80% 24.81% 24.80% 24.81% 24.82% 24.81% 24.81% 24.80% 24.80% 24.81% 24.81% 24.81%
No. of Shareholders 3,7723,6323,5823,5873,5613,5593,5463,5193,4783,4503,4293,372

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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