Polymac Thermoformers Ltd
Incorporated in 1999, Polymac Thermoformers Ltd manufactures disposable plastic glasses, cups, and bowls, etc.[1]
- Market Cap ₹ 7.93 Cr.
- Current Price ₹ 16.6
- High / Low ₹ 20.3 / 11.2
- Stock P/E
- Book Value ₹ 21.8
- Dividend Yield 0.00 %
- ROCE -1.21 %
- ROE -1.71 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.76 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 25.2%
- Company has a low return on equity of -0.03% over last 3 years.
- Debtor days have increased from 15.1 to 53.2 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|
| 1.47 | 1.48 | 2.63 | 3.91 | |
| 7.23 | 2.90 | 7.19 | 4.23 | |
| Operating Profit | -5.76 | -1.42 | -4.56 | -0.32 |
| OPM % | -391.84% | -95.95% | -173.38% | -8.18% |
| 6.04 | 1.62 | 4.97 | 0.28 | |
| Interest | 0.05 | 0.05 | 0.06 | 0.04 |
| Depreciation | 0.15 | 0.15 | 0.10 | 0.09 |
| Profit before tax | 0.08 | 0.00 | 0.25 | -0.17 |
| Tax % | 25.00% | 32.00% | 0.00% | |
| 0.06 | 0.00 | 0.17 | -0.17 | |
| EPS in Rs | 0.13 | 0.00 | 0.36 | -0.36 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 39% |
| TTM: | 49% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -206% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | % |
| 3 Years: | -21% |
| 1 Year: | 27% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 0% |
| Last Year: | -2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|
| Equity Capital | 4.78 | 4.78 | 4.78 | 4.78 |
| Reserves | 5.66 | 6.12 | 5.83 | 5.66 |
| 0.78 | 1.31 | 1.40 | 0.61 | |
| 2.47 | 1.89 | 3.67 | 1.99 | |
| Total Liabilities | 13.69 | 14.10 | 15.68 | 13.04 |
| 1.10 | 0.99 | 1.03 | 0.94 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.11 | 1.01 | 1.28 | 1.00 |
| 11.48 | 12.10 | 13.37 | 11.10 | |
| Total Assets | 13.69 | 14.10 | 15.68 | 13.04 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|
| 0.00 | 0.00 | 0.68 | -0.60 | |
| 0.00 | 0.00 | -0.57 | -5.89 | |
| 0.00 | 0.00 | -0.07 | 6.49 | |
| Net Cash Flow | 0.00 | 0.00 | 0.04 | 0.00 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | |
|---|---|---|---|---|
| Debtor Days | 17.38 | -91.25 | 83.27 | 53.21 |
| Inventory Days | 323.42 | 420.97 | 213.66 | 200.69 |
| Days Payable | 205.60 | 109.50 | 83.09 | 69.24 |
| Cash Conversion Cycle | 135.20 | 220.22 | 213.84 | 184.66 |
| Working Capital Days | 1,906.94 | 2,032.16 | 893.76 | 572.24 |
| ROCE % | 0.43% | 2.64% | -1.21% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Total Permanent Employees Numbers ・Standalone data |
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| Actual Production - Plastic Products MT ・Standalone data |
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| Capacity Utilization - Plastic Products % ・Standalone data |
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| Installed Capacity - Plastic Products MT per annum ・Standalone data |
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| Median Increase in Employee Remuneration % ・Standalone data |
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Documents
Announcements
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Board Meeting Outcome for Reg 30 Of SEBI (LODR) Regulations 2015
16 Feb - Director Puspjeet Kumar resigned effective 14-Feb-2026; Jitendra Kumar Modi appointed director effective 16-Feb-2026.
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Disclosure Of Voting Results Of Postal Ballot (Only By Electronic Means) Pursuant To Regulation 44 Of The SEBI (LODR) Regulations. 2015
29 Jan - Special resolution passed (28 Jan 2026) appointing Neha Modi as Whole Time Director; 2,123,800 votes (100%) in favour.
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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
27 Jan - Monthly re-lodgement report as of 31-Dec-2025: no requests received/processed.
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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
21 Jan - Monthly SEBI re-lodgement report: zero transfer requests for November 2025.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jan - Certificate under Reg 74(5) confirming no dematerialisation for quarter ended 31 December 2025.
Annual reports
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Financial Year 2025
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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.