Polymac Thermoformers Ltd
₹ 15.2
9.20%
21 May
- close price
About
Incorporated in 1999, Polymac Thermoformers Ltd manufactures disposable plastic glasses, cups, and bowls, etc.[1]
Key Points
- Market Cap ₹ 7.27 Cr.
- Current Price ₹ 15.2
- High / Low ₹ 20.3 / 11.3
- Stock P/E 727
- Book Value ₹ 22.4
- Dividend Yield 0.00 %
- ROCE 1.89 %
- ROE 0.09 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.68 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding is low: 25.2%
- Company has a low return on equity of 1.14% over last 3 years.
- Debtor days have increased from 41.3 to 68.1 days.
* 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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Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.47 | 1.48 | 2.63 | 3.91 | 6.73 | 5.24 | 6.14 | 7.18 | 8.80 | 14.54 | 8.55 | 13.14 | |
| 7.22 | 2.89 | 7.00 | 4.16 | 6.74 | 5.76 | 6.55 | 7.21 | 9.69 | 14.44 | 8.74 | 12.98 | |
| Operating Profit | -5.75 | -1.41 | -4.37 | -0.25 | -0.01 | -0.52 | -0.41 | -0.03 | -0.89 | 0.10 | -0.19 | 0.16 |
| OPM % | -391.16% | -95.27% | -166.16% | -6.39% | -0.15% | -9.92% | -6.68% | -0.42% | -10.11% | 0.69% | -2.22% | 1.22% |
| 6.04 | 1.62 | 4.94 | 0.28 | 0.29 | 0.54 | 0.81 | 1.06 | 1.81 | 0.67 | 0.63 | 0.31 | |
| Interest | 0.05 | 0.05 | 0.06 | 0.04 | 0.06 | 0.12 | 0.10 | 0.25 | 0.14 | 0.16 | 0.17 | 0.20 |
| Depreciation | 0.15 | 0.14 | 0.20 | 0.09 | 0.09 | 0.12 | 0.10 | 0.13 | 0.17 | 0.19 | 0.20 | 0.21 |
| Profit before tax | 0.09 | 0.02 | 0.31 | -0.10 | 0.13 | -0.22 | 0.20 | 0.65 | 0.61 | 0.42 | 0.07 | 0.06 |
| Tax % | 22.22% | 0.00% | 25.81% | 0.00% | 15.38% | 13.64% | 45.00% | 23.08% | 26.23% | 26.19% | 42.86% | 83.33% |
| 0.07 | 0.02 | 0.23 | -0.10 | 0.11 | -0.24 | 0.11 | 0.50 | 0.45 | 0.31 | 0.04 | 0.01 | |
| EPS in Rs | 0.15 | 0.04 | 0.48 | -0.21 | 0.23 | -0.50 | 0.23 | 1.05 | 0.94 | 0.65 | 0.08 | 0.02 |
| 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: | 24% |
| 5 Years: | 16% |
| 3 Years: | 14% |
| TTM: | 54% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -37% |
| 3 Years: | -72% |
| TTM: | -75% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 8% |
| 3 Years: | -23% |
| 1 Year: | 29% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 2% |
| 3 Years: | 1% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 |
| Reserves | 5.66 | 5.63 | 5.86 | 5.76 | 5.87 | 5.63 | 5.74 | 6.24 | 5.48 | 5.79 | 5.84 | 5.91 |
| 0.78 | 1.28 | 1.41 | 0.52 | 1.28 | 1.28 | 1.56 | 28.71 | 6.87 | 1.53 | 1.67 | 4.58 | |
| 1.78 | 1.87 | 2.82 | 0.80 | 0.56 | 0.64 | 0.64 | 1.08 | 1.14 | 6.81 | 6.24 | 3.96 | |
| Total Liabilities | 13.00 | 13.56 | 14.87 | 11.86 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 | 18.53 | 19.23 |
| 1.10 | 0.99 | 1.03 | 0.94 | 1.06 | 1.20 | 1.20 | 2.00 | 2.04 | 2.23 | 2.69 | 3.32 | |
| 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 | 0.63 | 0.54 | 1.62 | 1.00 | 0.05 | 0.22 | 0.88 | 1.03 | 0.69 | 0.77 | 0.78 | 0.79 |
| 11.27 | 12.03 | 12.22 | 9.92 | 11.38 | 10.91 | 10.64 | 37.78 | 15.54 | 15.91 | 15.06 | 15.12 | |
| Total Assets | 13.00 | 13.56 | 14.87 | 11.86 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 | 18.53 | 19.23 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.33 | -0.38 | 0.68 | -0.60 | -1.94 | 0.65 | -0.60 | -25.49 | 25.34 | -1.45 | 0.02 | -1.65 | |
| 2.25 | -0.33 | -0.57 | -5.89 | 1.43 | -0.68 | 0.46 | -0.03 | 1.92 | 0.18 | -0.04 | -0.58 | |
| -2.44 | 0.56 | -0.07 | 6.49 | 0.64 | -0.11 | 0.19 | 26.91 | -21.97 | -5.49 | -0.03 | 2.71 | |
| Net Cash Flow | 0.14 | -0.15 | 0.04 | 0.00 | 0.13 | -0.14 | 0.05 | 1.39 | 5.29 | -6.76 | -0.06 | 0.48 |
| Free Cash Flow | 0.11 | -0.45 | 0.52 | -0.55 | -2.16 | 0.38 | -0.70 | -26.42 | 25.13 | -1.84 | -0.64 | -2.52 |
| CFO/OP | -6% | 32% | -15% | 240% | 18,600% | -131% | 124% | 84,867% | -2,847% | -1,320% | -11% | -1,031% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 17.38 | -91.25 | 83.27 | 53.21 | 80.81 | 36.22 | 52.91 | 74.73 | 32.77 | 38.41 | 17.50 | 68.06 |
| Inventory Days | 323.42 | 420.97 | 213.66 | 200.69 | 196.36 | 223.98 | 255.67 | 242.58 | 183.67 | 217.29 | 340.08 | 173.97 |
| Days Payable | 48.51 | 109.50 | 83.09 | 69.24 | 20.02 | 39.63 | 24.39 | 48.36 | 16.33 | 152.25 | 235.03 | 43.59 |
| Cash Conversion Cycle | 292.29 | 220.22 | 213.84 | 184.66 | 257.15 | 220.56 | 284.19 | 268.94 | 200.11 | 103.44 | 122.56 | 198.44 |
| Working Capital Days | 2,073.30 | 2,042.03 | 997.85 | 687.06 | 424.66 | 516.85 | 387.00 | 249.60 | 16.18 | 212.62 | 340.67 | 178.61 |
| ROCE % | 1.11% | 0.61% | 3.20% | -0.61% | 1.65% | -0.76% | 2.36% | 3.47% | 2.64% | 3.97% | 1.97% | 1.89% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Total Permanent Employees Numbers |
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| Actual Production - Plastic Products MT |
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| Capacity Utilization - Plastic Products % |
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| Installed Capacity - Plastic Products MT per annum |
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| Median Increase in Employee Remuneration % |
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Documents
Announcements
- Submission Of Audited Financial Results For The Half Year And Year Ended As On 31St March, 2026 20 May
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Board Meeting Outcome for Regulation 30 (Disclosure Of Event Or Information)-SEBI (LODR) Regulations, 2015
20 May - Board approved FY26 audited results; net profit Rs1.15 lakh; unmodified opinion.
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Board Meeting Intimation for INTIMATION UNDER REGULATION 29 OF SEBI (LODR) REGULATIONS, 2015
14 May - Board meeting on 20 May 2026 to approve audited results for half-year and year ended 31 March 2026.
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Non-Applicability Of Related Party Disclosure Pursuant To Regulation 23(9) Of SEBI (LODR) Regulation, 2015 For The Half Year Ended 31St March, 2026
2 May - Submitted revised Regulation 23(9) non-applicability certificate for half year ended 31 March 2026.
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Non-Applicability Of Related Party Disclosure Pursuant To Regulation 23(9) Of SEBI (LODR) Regulation, 2015 For The Half Year Ended 31St March, 2026
29 Apr - Polymac Thermoformers files non-applicability of related party disclosure for half year ended 31 March 2026.
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
from bse
Business Overview:[1][2]
PTFL is engaged in the commercial and agro business. It is also diversifying into other business activities. The company manufactures disposable plastic glasses, cups, bowls, etc. These are fast replacing conventional glasses, cups, etc., and are manufactured by the thermoforming technique.