Ashish Polyplast Ltd
₹ 38.5
2.15%
20 Aug
12:25 p.m.
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 ₹ 13.1 Cr.
- Current Price ₹ 38.5
- High / Low ₹ 74.2 / 30.0
- Stock P/E 43.6
- 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.
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
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: | 8% |
| 5 Years: | 11% |
| 3 Years: | 16% |
| TTM: | -68% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 57% |
| 3 Years: | 11% |
| 1 Year: | -37% |
| 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 | 67.74 | 77.87 | 80.23 | 60.63 | 71.75 | 63.32 | 64.23 | 65.48 | 46.97 | 38.94 | 37.30 | 34.88 |
| 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
-
Appointment of Company Secretary and Compliance Officer
8 Aug - Q1 June 2025 results approved; new Company Secretary Krushi Jainam Sanghavi appointed effective 07 Aug 2025.
-
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30/06/2025 ATTACHED
8 Aug - Ashish Polyplast reports Q1 FY26 unaudited results; net profit Rs 39.12 lakh, approved and reviewed.
- Board Meeting Outcome for Outcome Of Board Meeting Held On Today I.E. On August 07, 2025, In Terms Of Second Proviso To Regulation 30(6) Of SEBI (LODR) Regulations, 2015. 7 Aug
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
31 Jul - Company Secretary Dipti Sharma resigns effective 31 July 2025; replacement search underway.
-
Board Meeting Intimation for BOARD MEETING TO CONSIDER JUNE QUARTER 2025 UNAUDITED FINANCIAL RESULT AND OTHER BUSINESS AS PER AGENDA ATTACHED ON THURSDAY THE 07/08/2025
29 Jul - Board meeting on 07/08/2025 to approve Q1 FY26 unaudited financial results and other routine agenda.
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
from bse
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Financial Year 2021
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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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)