Polymac Thermoformers Ltd
₹ 18.0
-1.85%
06 Oct
- close price
About
Incorporated in 1999, Polymac Thermoformers Ltd manufactures disposable plastic glasses, cups, and bowls, etc.[1]
Key Points
- Market Cap ₹ 8.60 Cr.
- Current Price ₹ 18.0
- High / Low ₹ 24.2 / 11.2
- Stock P/E 215
- Book Value ₹ 22.2
- Dividend Yield 0.00 %
- ROCE 1.97 %
- ROE 0.38 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.81 times its book value
- Debtor days have improved from 29.6 to 17.5 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.3% over past five years.
- Promoter holding is low: 25.2%
- Company has a low return on equity of 2.53% over last 3 years.
- Working capital days have increased from 190 days to 341 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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.44 | 1.47 | 1.48 | 2.63 | 3.91 | 6.73 | 5.24 | 6.14 | 7.18 | 8.80 | 14.54 | 8.55 | |
| 0.86 | 7.22 | 2.89 | 7.00 | 4.16 | 6.74 | 5.76 | 6.55 | 7.21 | 9.69 | 14.44 | 8.74 | |
| Operating Profit | -0.42 | -5.75 | -1.41 | -4.37 | -0.25 | -0.01 | -0.52 | -0.41 | -0.03 | -0.89 | 0.10 | -0.19 |
| OPM % | -95.45% | -391.16% | -95.27% | -166.16% | -6.39% | -0.15% | -9.92% | -6.68% | -0.42% | -10.11% | 0.69% | -2.22% |
| 0.64 | 6.04 | 1.62 | 4.94 | 0.28 | 0.29 | 0.54 | 0.81 | 1.06 | 1.81 | 0.67 | 0.63 | |
| Interest | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.06 | 0.12 | 0.10 | 0.25 | 0.14 | 0.16 | 0.17 |
| Depreciation | 0.16 | 0.15 | 0.14 | 0.20 | 0.09 | 0.09 | 0.12 | 0.10 | 0.13 | 0.17 | 0.19 | 0.20 |
| Profit before tax | 0.01 | 0.09 | 0.02 | 0.31 | -0.10 | 0.13 | -0.22 | 0.20 | 0.65 | 0.61 | 0.42 | 0.07 |
| Tax % | 100.00% | 22.22% | 0.00% | 25.81% | 0.00% | 15.38% | 13.64% | 45.00% | 23.08% | 26.23% | 26.19% | 42.86% |
| 0.00 | 0.07 | 0.02 | 0.23 | -0.10 | 0.11 | -0.24 | 0.11 | 0.50 | 0.45 | 0.31 | 0.04 | |
| EPS in Rs | 0.00 | 0.15 | 0.04 | 0.48 | -0.21 | 0.23 | -0.50 | 0.23 | 1.05 | 0.94 | 0.65 | 0.08 |
| Dividend Payout % | 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: | 19% |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | -41% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 17% |
| 3 Years: | -57% |
| TTM: | -87% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | % |
| 3 Years: | -21% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 3% |
| 3 Years: | 3% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 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 | 5.59 | 5.66 | 5.63 | 5.86 | 5.76 | 5.87 | 5.63 | 5.74 | 6.24 | 5.48 | 5.79 | 5.84 |
| 3.63 | 0.78 | 1.28 | 1.41 | 0.52 | 1.28 | 1.28 | 1.56 | 28.71 | 6.87 | 1.53 | 1.67 | |
| 0.14 | 1.78 | 1.87 | 2.82 | 0.80 | 0.56 | 0.64 | 0.64 | 1.08 | 1.14 | 6.81 | 6.24 | |
| Total Liabilities | 14.14 | 13.00 | 13.56 | 14.87 | 11.86 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 | 18.53 |
| 1.03 | 1.10 | 0.99 | 1.03 | 0.94 | 1.06 | 1.20 | 1.20 | 2.00 | 2.04 | 2.23 | 2.69 | |
| 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 | 2.58 | 0.63 | 0.54 | 1.62 | 1.00 | 0.05 | 0.22 | 0.88 | 1.03 | 0.69 | 0.77 | 0.78 |
| 10.53 | 11.27 | 12.03 | 12.22 | 9.92 | 11.38 | 10.91 | 10.64 | 37.78 | 15.54 | 15.91 | 15.06 | |
| Total Assets | 14.14 | 13.00 | 13.56 | 14.87 | 11.86 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 | 18.53 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.33 | -0.38 | 0.68 | -0.60 | -1.94 | 0.65 | -0.60 | -25.49 | 25.34 | -1.45 | 0.02 | |
| 0.00 | 2.25 | -0.33 | -0.57 | -5.89 | 1.43 | -0.68 | 0.46 | -0.03 | 1.92 | 0.18 | -0.04 | |
| 0.00 | -2.44 | 0.56 | -0.07 | 6.49 | 0.64 | -0.11 | 0.19 | 26.91 | -21.97 | -5.49 | -0.03 | |
| Net Cash Flow | 0.00 | 0.14 | -0.15 | 0.04 | 0.00 | 0.13 | -0.14 | 0.05 | 1.39 | 5.29 | -6.76 | -0.06 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 66.36 | 17.38 | -91.25 | 83.27 | 53.21 | 80.81 | 36.22 | 52.91 | 74.73 | 32.77 | 38.41 | 17.50 |
| Inventory Days | 763.80 | 323.42 | 420.97 | 213.66 | 200.69 | 196.36 | 223.98 | 255.67 | 242.58 | 183.67 | 217.29 | 340.08 |
| Days Payable | 0.00 | 48.51 | 109.50 | 83.09 | 69.24 | 20.02 | 39.63 | 24.39 | 48.36 | 16.33 | 152.25 | 235.03 |
| Cash Conversion Cycle | 830.16 | 292.29 | 220.22 | 213.84 | 184.66 | 257.15 | 220.56 | 284.19 | 268.94 | 200.11 | 103.44 | 122.56 |
| Working Capital Days | 7,739.66 | 2,073.30 | 2,042.03 | 997.85 | 687.06 | 424.66 | 516.85 | 387.00 | 249.60 | 16.18 | 212.62 | 340.67 |
| ROCE % | 0.67% | 1.11% | 0.61% | 3.20% | -0.61% | 1.65% | -0.76% | 2.36% | 3.47% | 2.64% | 3.97% | 1.97% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Newspaper Advertisement regarding Special Window for re-lodgement of transfer request of Physical shares
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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 September 30, 2025
17 Oct - Polymac Thermoformers confirms Regulation 23(9) not applicable for half-year ended 30 Sep 2025; capital and net worth below thresholds.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulation 2018 for the quarter ended 30th September 2025
-
Monthly Report On Re-Lodgement Of Transfer Requests Of Physical Shares Pursuant To SEBI Circular No. SEBI/HO/MIRSD/MIRSD-Pod/P/CIR/2025/97 Dated 02 July 2025
14 Oct - SEBI re-lodgement report as of 31 Aug 2025: NIL requests received/processed/approved/rejected.
-
Compliance-57 (5) : intimation after the end of quarter
7 Oct - Regulation 57(5) not applicable; no dues on non-convertible securities for quarter ended 30 Sep 2025.
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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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.