Adarsh Plant Protect Ltd
Incorporated in 1992, Adarsh Plant Protect Ltd is in the business of Industrial packaging (Barrels), Agriculture equipment and Smokeless chulhas[1]
- Market Cap ₹ 26.3 Cr.
- Current Price ₹ 26.5
- High / Low ₹ 44.9 / 23.2
- Stock P/E
- Book Value ₹ 0.31
- Dividend Yield 0.00 %
- ROCE -17.4 %
- ROE -124 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 53.4 days to 36.5 days
Cons
- Stock is trading at 84.7 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 6.62% over past five years.
- Company has a low return on equity of -16.2% over last 3 years.
- Company might be capitalizing the interest cost
* 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.
Peer comparison
Commodities Chemicals Fertilizers & Agrochemicals Pesticides & Agrochemicals
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.84 | 8.86 | 9.83 | 10.65 | 10.88 | 10.34 | 12.70 | 12.63 | 17.12 | 17.20 | 18.65 | 17.50 | 14.54 | |
| 7.58 | 8.90 | 9.15 | 10.11 | 11.50 | 10.98 | 12.51 | 12.18 | 16.81 | 16.80 | 17.89 | 18.36 | 15.57 | |
| Operating Profit | 0.26 | -0.04 | 0.68 | 0.54 | -0.62 | -0.64 | 0.19 | 0.45 | 0.31 | 0.40 | 0.76 | -0.86 | -1.03 |
| OPM % | 3.32% | -0.45% | 6.92% | 5.07% | -5.70% | -6.19% | 1.50% | 3.56% | 1.81% | 2.33% | 4.08% | -4.91% | -7.08% |
| 0.08 | 0.06 | 0.05 | 0.06 | 0.03 | 0.03 | 0.05 | 0.01 | 0.03 | 0.02 | 0.00 | 0.01 | 0.04 | |
| Interest | 0.49 | 0.53 | 0.47 | 0.46 | 0.56 | 0.33 | 0.19 | 0.20 | 0.19 | 0.21 | 0.21 | 0.20 | 0.24 |
| Depreciation | 0.26 | 0.22 | 0.22 | 0.07 | 0.05 | 0.03 | 0.04 | 0.04 | 0.05 | 0.08 | 0.06 | 0.07 | 0.08 |
| Profit before tax | -0.41 | -0.73 | 0.04 | 0.07 | -1.20 | -0.97 | 0.01 | 0.22 | 0.10 | 0.13 | 0.49 | -1.12 | -1.31 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| -0.41 | -0.73 | 0.03 | 0.08 | -1.20 | -0.97 | 0.01 | 0.22 | 0.10 | 0.14 | 0.49 | -1.12 | -1.30 | |
| EPS in Rs | -0.41 | -0.74 | 0.03 | 0.08 | -1.21 | -0.98 | 0.01 | 0.22 | 0.10 | 0.14 | 0.49 | -1.13 | -1.31 |
| 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: | 7% |
| 5 Years: | 7% |
| 3 Years: | 1% |
| TTM: | -28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -345% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 43% |
| 3 Years: | 12% |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | -17% |
| 5 Years: | -4% |
| 3 Years: | -16% |
| Last Year: | -124% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.90 | 9.90 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 | 9.91 |
| Reserves | -6.48 | -7.32 | -7.29 | -7.23 | -8.44 | -9.42 | -9.40 | -9.19 | -9.08 | -8.94 | -8.45 | -9.56 | -9.60 |
| 3.64 | 3.39 | 3.47 | 4.38 | 5.51 | 5.57 | 5.71 | 6.20 | 5.67 | 5.02 | 4.51 | 4.25 | 5.44 | |
| 0.99 | 1.92 | 1.28 | 0.85 | 0.71 | 1.53 | 1.34 | 1.54 | 1.91 | 1.85 | 3.01 | 3.33 | 2.45 | |
| Total Liabilities | 8.05 | 7.89 | 7.37 | 7.91 | 7.69 | 7.59 | 7.56 | 8.46 | 8.41 | 7.84 | 8.98 | 7.93 | 8.20 |
| 0.42 | 0.27 | 0.25 | 0.42 | 0.38 | 0.42 | 0.38 | 0.37 | 0.48 | 0.53 | 0.49 | 0.64 | 0.63 | |
| CWIP | 0.03 | 0.03 | 0.03 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 |
| Investments | 0.05 | 0.05 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 7.55 | 7.54 | 7.04 | 7.44 | 7.26 | 7.11 | 7.12 | 8.03 | 7.85 | 7.25 | 8.43 | 7.23 | 7.51 | |
| Total Assets | 8.05 | 7.89 | 7.37 | 7.91 | 7.69 | 7.59 | 7.56 | 8.46 | 8.41 | 7.84 | 8.98 | 7.93 | 8.20 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.48 | 2.01 | 0.49 | -0.07 | -0.54 | 0.32 | -0.04 | -0.04 | 0.87 | 1.04 | 0.89 | 0.57 | |
| 0.02 | 0.02 | -0.04 | -0.24 | 0.00 | -0.06 | 0.01 | 0.01 | -0.18 | -0.15 | -0.02 | -0.23 | |
| -0.28 | -2.19 | -0.33 | 0.19 | 0.56 | -0.25 | -0.04 | -0.04 | -0.70 | -0.86 | -0.72 | -0.47 | |
| Net Cash Flow | 0.22 | -0.16 | 0.12 | -0.12 | 0.02 | 0.01 | -0.07 | -0.07 | -0.01 | 0.04 | 0.14 | -0.13 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54.01 | 72.51 | 54.21 | 121.67 | 117.75 | 111.55 | 100.30 | 112.71 | 77.39 | 67.91 | 65.17 | 57.57 |
| Inventory Days | 122.17 | 135.94 | 166.99 | 167.07 | 118.00 | 138.51 | 109.31 | 111.80 | 91.53 | 87.78 | 105.23 | 106.53 |
| Days Payable | 43.47 | 65.80 | 63.36 | 31.44 | 19.81 | 55.95 | 38.98 | 49.86 | 38.51 | 36.11 | 61.26 | 64.14 |
| Cash Conversion Cycle | 132.70 | 142.65 | 157.84 | 257.30 | 215.94 | 194.11 | 170.63 | 174.64 | 130.41 | 119.57 | 109.14 | 99.96 |
| Working Capital Days | -46.56 | 39.14 | 49.01 | 152.85 | 144.59 | -10.59 | -6.32 | 91.03 | 63.32 | 61.75 | 62.04 | 36.50 |
| ROCE % | 1.15% | -3.07% | 8.46% | 8.06% | -9.12% | -9.82% | 3.26% | 6.39% | 4.32% | 5.44% | 11.71% | -17.41% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
4 Dec - CFO Himanshu Bhoi resigns effective 13-Dec-2025; relocating abroad; resignation letter enclosed.
-
General-Updates_Newspaper Publications
17 Nov - Published standalone unaudited financial results for quarter/half-year ended Sep 30, 2025; newspaper published Nov 16, 2025.
- Results- Financial Results 30.09.2025 14 Nov
-
Board Meeting Outcome for Outcome Of The Board Meeting Held On 14Th November, 2025
14 Nov - Board approved unaudited Q2/H1 results: Q2 revenue Rs362.91L, H1 revenue Rs627.85L; Q2 PAT Rs0.63L, H1 loss Rs3.35L
-
Board Meeting Intimation for Un-Audited Financial Statements For The Quarter And Half-Year Ended On 30Th September, 2025
7 Nov - Board meeting 14 Nov 2025 to approve Q2/half-year unaudited results; trading window closed from 1 Oct 2025.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Business Segments:[1]
a) Barrel and Industrial packaging:
This segment caters to packing needs of chemical, oil, lubricants and pharmaceutical sectors
b) Agriculture - Plant Protection equipment:
Company manufactures equipment that help farmers in various plant protection activities by handling fertilizers, pesticides and seed cleaning processes
c) Eco Friendly:
Company manufactures environment friendly smokeless chulha to help in reducing smoke and carbon emissions