Ashish Polyplast Ltd
₹ 41.0
2.14%
22 May
- close price
About
Established in 1994, Ashish Polyplast Limited manufactures and exports Premium Braided Hoses and Flexible PVC Hoses. The company offers Premium Braided Hose under the brand name of REAL ON which is the industrial high pressure nylon, reinforced flexible hose.
Key Points
- Market Cap ₹ 13.9 Cr.
- Current Price ₹ 41.0
- High / Low ₹ 95.4 / 30.0
- Stock P/E 55.7
- Book Value ₹ 19.8
- Dividend Yield 0.00 %
- ROCE 6.84 %
- ROE 3.79 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 47.1 days to 36.7 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.69% over past five years.
- Company has a low return on equity of 3.57% over last 3 years.
* 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
Sector: Plastic products Industry: Plastics Products
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.89 | 10.50 | 11.01 | 12.22 | 12.82 | 13.95 | 12.73 | 12.71 | 16.24 | 16.03 | 15.95 | 16.01 | |
| 8.39 | 10.00 | 10.47 | 11.64 | 12.27 | 13.35 | 12.29 | 12.27 | 15.63 | 15.43 | 15.32 | 15.38 | |
| Operating Profit | 0.50 | 0.50 | 0.54 | 0.58 | 0.55 | 0.60 | 0.44 | 0.44 | 0.61 | 0.60 | 0.63 | 0.63 |
| OPM % | 5.62% | 4.76% | 4.90% | 4.75% | 4.29% | 4.30% | 3.46% | 3.46% | 3.76% | 3.74% | 3.95% | 3.94% |
| 0.01 | 0.05 | 0.00 | 0.03 | 0.04 | -0.07 | 0.02 | 0.24 | 0.21 | 0.03 | 0.74 | 0.13 | |
| Interest | 0.22 | 0.23 | 0.19 | 0.18 | 0.15 | 0.12 | 0.10 | 0.04 | 0.11 | 0.11 | 0.11 | 0.09 |
| Depreciation | 0.18 | 0.17 | 0.17 | 0.19 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | 0.28 | 0.29 |
| Profit before tax | 0.11 | 0.15 | 0.18 | 0.24 | 0.25 | 0.21 | 0.15 | 0.43 | 0.48 | 0.26 | 0.98 | 0.38 |
| Tax % | -36.36% | 20.00% | 44.44% | 29.17% | 12.00% | 52.38% | 0.00% | 23.26% | 35.42% | 26.92% | 14.29% | 34.21% |
| 0.16 | 0.12 | 0.10 | 0.17 | 0.22 | 0.11 | 0.15 | 0.33 | 0.32 | 0.19 | 0.84 | 0.25 | |
| EPS in Rs | 0.47 | 0.35 | 0.29 | 0.50 | 0.65 | 0.32 | 0.44 | 0.97 | 0.94 | 0.56 | 2.47 | 0.74 |
| 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: | 4% |
| 5 Years: | 5% |
| 3 Years: | 0% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 11% |
| 3 Years: | 16% |
| TTM: | 19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 65% |
| 3 Years: | 8% |
| 1 Year: | 19% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 4% |
| Last Year: | 4% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 | 3.40 |
| Reserves | 1.14 | 1.21 | 1.31 | 0.94 | 1.16 | 1.27 | 1.44 | 1.76 | 2.06 | 2.23 | 3.08 | 3.32 |
| 2.01 | 1.73 | 1.07 | 1.63 | 1.51 | 0.99 | 0.71 | 0.39 | 1.01 | 1.48 | 0.31 | 0.23 | |
| 0.90 | 1.17 | 1.76 | 1.60 | 1.25 | 1.19 | 1.14 | 1.00 | 1.03 | 0.87 | 1.43 | 1.12 | |
| Total Liabilities | 7.45 | 7.51 | 7.54 | 7.57 | 7.32 | 6.85 | 6.69 | 6.55 | 7.50 | 7.98 | 8.22 | 8.07 |
| 1.99 | 1.81 | 1.85 | 1.83 | 1.74 | 2.02 | 1.95 | 1.74 | 2.15 | 2.62 | 2.42 | 2.23 | |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 0.41 | 0.59 | 0.94 | 1.26 | 1.38 | 2.07 | 3.07 |
| 5.46 | 5.70 | 5.69 | 5.74 | 5.24 | 4.42 | 4.15 | 3.87 | 4.09 | 3.98 | 3.73 | 2.77 | |
| Total Assets | 7.45 | 7.51 | 7.54 | 7.57 | 7.32 | 6.85 | 6.69 | 6.55 | 7.50 | 7.98 | 8.22 | 8.07 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.28 | 0.17 | 1.15 | -0.20 | 0.62 | 1.14 | 0.72 | 0.45 | 0.28 | 0.73 | 1.72 | 0.61 | |
| -0.12 | -0.05 | -0.22 | -0.14 | -0.40 | -0.52 | -0.33 | -0.12 | -0.75 | -0.82 | -0.05 | -0.97 | |
| -0.03 | -0.43 | -0.85 | 0.31 | -0.30 | -0.62 | -0.37 | -0.30 | 0.51 | 0.35 | -1.28 | -0.16 | |
| Net Cash Flow | 0.13 | -0.31 | 0.08 | -0.02 | -0.08 | -0.01 | 0.02 | 0.03 | 0.05 | 0.26 | 0.39 | -0.53 |
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 | 69.39 | 69.18 | 59.01 | 65.71 | 64.06 | 53.38 | 54.76 | 38.77 | 34.16 | 31.88 | 28.83 | 23.71 |
| Inventory Days | 117.68 | 110.04 | 109.10 | 92.14 | 86.62 | 68.13 | 65.29 | 68.83 | 60.92 | 55.55 | 41.80 | 35.73 |
| Days Payable | 15.46 | 26.16 | 45.23 | 26.33 | 22.15 | 18.86 | 18.61 | 17.54 | 11.01 | 13.10 | 23.96 | 13.33 |
| Cash Conversion Cycle | 171.61 | 153.06 | 122.88 | 131.53 | 128.53 | 102.65 | 101.45 | 90.06 | 84.07 | 74.33 | 46.67 | 46.11 |
| Working Capital Days | 146.99 | 138.00 | 109.07 | 102.45 | 108.48 | 85.56 | 82.86 | 76.68 | 69.67 | 65.58 | 39.13 | 36.71 |
| ROCE % | 5.21% | 5.90% | 6.27% | 7.15% | 6.64% | 6.99% | 4.46% | 4.32% | 6.49% | 5.45% | 5.18% | 6.84% |
Documents
Announcements
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Integrated Filing (Financial)
1d - Audited financial results FY25: Net profit Rs.24.78L, unmodified auditor opinion, Board approved.
- Submission Of Financial Results For 31St March, 2025 1d
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Board Meeting Outcome for An Intimation Of Outcome Of Board Meeting Held On 21St May, 2025
1d - Approved audited financial results FY ended 31 Mar 2025; net profit Rs.24.78 lakhs; auditors unmodified opinion.
-
Board Meeting Intimation for REG-29 BOARD MEETING NOTICE TO CONSIDER, REVIEW AND TAKEN ON RECORD THE AUDITED FINANCIAL RESULT FOR THE QUARTER AND YEAR ENDED 31/03/2025 ON WEDNESS DAY 21/05/2025 AT 05.30 P.M. AND SUCH OTHER BUSINESS AS PER AGENDA FOR NOTICE ATTACHED
12 May - Board meeting on May 21, 2025, to approve audited financial results and appoint auditors.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
12 Apr - RTA CERTIFICATE OF COMPLIANCE U/R. 74(5) OF SEBI (DP) REGULATIONS FOR THE QUARTER ENDED 31/03/2025 ATTACHED
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
Product Portfolio:[1]
a) Air & Pneumatic Hose Pipe (Transparent)
b) Water Hose Pipe (Green)
c) Welding Hose Pipe (Red & Blue)
d) Thermoplast Welding Hose Pipe (Red & Blue)
e) Car Washing Hose Pipe (Black)
f) Super Spray Hose Pipe (Yellow)
g) Pvc Medium-Duty Suction & Delivery Hose Pipe (Green)
h) Pvc Heavy-Duty Suction & Delivery Hose Pipe (Grey)
i) Pvc Flexible Oil Hose Pipe (Blue )
j) Pvc Flexible Duct Hose Pipe (Grey/Transparent)
k) Pvc Flexible Non-Toxic Hose Pipe (Transparent)