Ashish Polyplast Ltd
₹ 39.3
2.50%
10 Oct
- 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 ₹ 13.4 Cr.
- Current Price ₹ 39.3
- High / Low ₹ 65.4 / 30.0
- Stock P/E 44.5
- Book Value ₹ 19.8
- Dividend Yield 0.00 %
- ROCE 5.09 %
- ROE 2.58 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
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 3.13% 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
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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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.89 | 10.50 | 11.01 | 12.22 | 12.82 | 13.95 | 12.73 | 12.71 | 16.24 | 16.03 | 15.95 | 16.01 | 15.36 | |
| 8.39 | 10.00 | 10.47 | 11.64 | 12.27 | 13.35 | 12.29 | 12.27 | 15.63 | 15.43 | 15.32 | 15.38 | 14.80 | |
| 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 | 0.56 |
| 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% | 3.65% |
| 0.01 | 0.05 | -0.00 | 0.03 | 0.04 | -0.07 | 0.02 | 0.24 | 0.21 | 0.03 | 0.74 | 0.13 | 0.21 | |
| 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 | 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 | 0.26 |
| 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 | 0.42 |
| 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 | 0.30 | |
| 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 | 0.88 |
| 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: | -6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 3% |
| 3 Years: | 2% |
| TTM: | -68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 57% |
| 3 Years: | 17% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 3% |
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 | 67.74 | 77.87 | 80.23 | 60.63 | 71.75 | 63.32 | 64.23 | 65.48 | 46.97 | 38.94 | 37.30 | 34.65 |
| ROCE % | 5.21% | 5.90% | 6.27% | 7.15% | 6.64% | 6.99% | 4.46% | 4.32% | 6.49% | 5.45% | 5.18% | 5.09% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Meeting Updates
30 Sep - 31st AGM on 27 Sep 2025 approved five resolutions: FY2025 financials, director reappointments, auditor appointments.
- Closure of Trading Window 30 Sep
-
Announcement under Regulation 30 (LODR)-Meeting Updates
27 Sep - 31st AGM on 27/09/2025 approved audited FY2024-25 financials; reappointed Ashish Panchal; appointed Shrikant Priyadarshi and secretarial auditor.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
27 Sep - Scrutinizer report for 31st AGM on 27 Sep 2025: all five resolutions passed; 2,123,169 votes in favor.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
27 Sep - 31st AGM on 27 Sep 2025: FY2024-25 accounts approved; reappointed director; independent director appointed (03/10/2024–03/10/2029); secretarial auditors.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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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
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)