Ashish Polyplast Ltd

₹ 28.8 2.93%

05 Oct - close price

About

Incorporated in 1994, Ashish Polyplast Ltd is in the business of manufacturing PVC Pipes.^[1]

Key Points

Business Overview:^[1]
APL is a manufacturer and exporter of high-quality flexible braided and suction hoses. It does production of flexible industrial and agricultural hoses under the brand - REALON

Website BSE

Market Cap ₹ 9.80 Cr.
Current Price ₹ 28.8
High / Low ₹ 42.0 / 26.2
Stock P/E 22.8
Book Value ₹ 20.1
Dividend Yield 0.00 %
ROCE 3.79 %
ROE 2.21 %
Face Value ₹ 10.0

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Pros

Cons

Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of 3.40% over past five years.
Company has a low return on equity of 2.32% 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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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4.02	4.02	3.92	3.98	4.39	3.49	4.47	3.66	3.74	3.69	3.54	4.05	3.43
	3.87	3.87	3.80	3.92	4.20	3.26	4.35	3.57	3.62	3.58	3.35	3.94	3.32
Operating Profit	0.15	0.15	0.12	0.06	0.19	0.23	0.12	0.09	0.12	0.11	0.19	0.11	0.11
OPM %	3.73%	3.73%	3.06%	1.51%	4.33%	6.59%	2.68%	2.46%	3.21%	2.98%	5.37%	2.72%	3.21%
	0.20	0.13	0.40	0.15	0.34	0.26	0.00	-0.47	0.42	-0.12	0.11	-0.41	0.64
Interest	0.03	0.03	0.02	0.03	0.01	0.01	0.05	0.03	0.00	0.03	0.04	0.02	0.03
Depreciation	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.05	0.06	0.07	0.07	0.07
Profit before tax	0.25	0.18	0.43	0.11	0.45	0.41	0.00	-0.48	0.49	-0.10	0.19	-0.39	0.65
Tax %	16.00%	16.67%	6.98%	36.36%	26.67%	29.27%		-16.67%	20.41%	-40.00%	21.05%	-10.26%	-6.15%
	0.22	0.15	0.40	0.07	0.33	0.29	0.02	-0.40	0.39	-0.07	0.15	-0.34	0.69
EPS in Rs	0.65	0.44	1.18	0.21	0.97	0.85	0.06	-1.18	1.15	-0.21	0.44	-1.00	2.03
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	10.50	11.01	12.22	12.82	13.95	12.73	12.71	16.24	16.03	15.95	16.01	15.02	14.71
	10.00	10.47	11.64	12.27	13.35	12.29	12.27	15.63	15.43	15.32	15.38	14.49	14.19
Operating Profit	0.50	0.54	0.58	0.55	0.60	0.44	0.44	0.61	0.60	0.63	0.63	0.53	0.52
OPM %	4.76%	4.90%	4.75%	4.29%	4.30%	3.46%	3.46%	3.76%	3.74%	3.95%	3.94%	3.53%	3.54%
	0.05	0.00	0.03	0.04	-0.07	0.02	0.24	0.21	0.03	0.74	0.13	-0.01	0.22
Interest	0.23	0.19	0.18	0.15	0.12	0.10	0.04	0.11	0.11	0.11	0.09	0.09	0.12
Depreciation	0.17	0.17	0.19	0.19	0.20	0.21	0.21	0.23	0.26	0.28	0.29	0.25	0.27
Profit before tax	0.15	0.18	0.24	0.25	0.21	0.15	0.43	0.48	0.26	0.98	0.38	0.18	0.35
Tax %	20.00%	44.44%	29.17%	12.00%	52.38%	0.00%	23.26%	35.42%	26.92%	14.29%	34.21%	33.33%
	0.12	0.10	0.17	0.22	0.11	0.15	0.33	0.32	0.19	0.84	0.25	0.13	0.43
EPS in Rs	0.35	0.29	0.50	0.65	0.32	0.44	0.97	0.94	0.56	2.47	0.74	0.38	1.26
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:	3%
5 Years:	3%
3 Years:	-2%
TTM:	-4%

Compounded Profit Growth
10 Years:	3%
5 Years:	1%
3 Years:	-8%
TTM:	43%

Stock Price CAGR
10 Years:	11%
5 Years:	16%
3 Years:	13%
1 Year:	-28%

Return on Equity
10 Years:	3%
5 Years:	3%
3 Years:	2%
Last Year:	2%

Balance Sheet

Figures in Rs. Crores

	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	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	1.21	1.31	0.94	1.16	1.27	1.44	1.76	2.06	2.23	3.08	3.32	3.44
	1.73	1.07	1.63	1.51	0.99	0.71	0.39	1.01	1.48	0.31	0.23	1.50
	1.17	1.76	1.60	1.25	1.19	1.14	1.00	1.03	0.87	1.43	1.12	1.20
Total Liabilities	7.51	7.54	7.57	7.32	6.85	6.69	6.55	7.50	7.98	8.22	8.07	9.54
	1.81	1.85	1.83	1.74	2.02	1.95	1.74	2.15	2.62	2.42	2.23	2.72
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	0.34	0.41	0.59	0.94	1.26	1.38	2.07	3.07	3.53
	5.70	5.69	5.74	5.24	4.42	4.15	3.87	4.09	3.98	3.73	2.77	3.29
Total Assets	7.51	7.54	7.57	7.32	6.85	6.69	6.55	7.50	7.98	8.22	8.07	9.54

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.17	1.15	-0.20	0.62	1.14	0.72	0.45	0.28	0.73	1.72	0.61	0.29
	-0.05	-0.22	-0.14	-0.40	-0.52	-0.33	-0.12	-0.75	-0.82	-0.05	-0.97	-1.21
	-0.43	-0.85	0.31	-0.30	-0.62	-0.37	-0.30	0.51	0.35	-1.28	-0.16	1.18
Net Cash Flow	-0.31	0.08	-0.02	-0.08	-0.01	0.02	0.03	0.05	0.26	0.39	-0.53	0.25
Free Cash Flow	0.12	0.92	-0.37	0.53	0.66	0.60	0.44	-0.35	0.03	1.82	0.51	-0.45
CFO/OP	36%	224%	-24%	127%	200%	184%	118%	69%	135%	283%	113%	75%

Ratios

	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	69.18	59.01	65.71	64.06	53.38	54.76	38.77	34.16	31.88	28.83	23.71	24.30
Inventory Days	110.04	109.10	92.14	86.62	68.13	65.29	68.83	60.92	55.55	41.80	35.73	40.52
Days Payable	26.16	45.23	26.33	22.15	18.86	18.61	17.54	11.01	13.10	23.96	13.33	18.84
Cash Conversion Cycle	153.06	122.88	131.53	128.53	102.65	101.45	90.06	84.07	74.33	46.67	46.11	45.99
Working Capital Days	77.87	80.23	60.63	71.75	63.32	64.23	65.48	46.97	38.94	37.30	34.65	8.99
ROCE %	5.90%	6.27%	7.15%	6.64%	6.99%	4.46%	4.32%	6.49%	5.45%	5.18%	5.09%	3.79%

Insights

In beta

Mar 2023

Mar 2024

Mar 2025

Number of permanent employees
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Inter-state purchase share
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Inter-state sales share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%
	37.91%	37.91%	37.91%	37.91%	37.91%	37.91%	37.91%	37.91%	37.90%	37.91%	37.91%	37.90%
No. of Shareholders	1,929	1,957	2,017	2,464	2,815	2,885	2,933	2,913	2,884	2,841	2,824	2,820

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	59.39%	59.57%	59.66%	62.08%	62.08%	62.09%	62.09%	62.09%	62.09%	62.09%	62.09%
	40.61%	40.43%	40.34%	37.92%	37.92%	37.91%	37.90%	37.91%	37.91%	37.91%	37.90%
No. of Shareholders	1,174	1,187	1,219	1,192	1,191	1,679	1,864	2,017	2,933	2,824	2,820

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Ashish Polyplast Ltd

Ashish Polyplast Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports