Polyspin Exports Ltd

Polyspin Exports Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Polyspin Exports Ltd

₹ 27.1 0.37%
04 Mar 12:11 p.m.
polyspin.org BSE: 539354
About

Incorporated in 1972, Polyspin Exports Ltd primarily manufactures and exports FIBC bags[1]

Key Points

Business Overview:[1]
PEL was initially into the manufacturing of high-density polyethylene (HDPE) /
PP bags and thereafter started production of flexible intermediate bulk container
(FIBC) bags, Fabric, Yarn, Multifilament Yarn. It majorly supplies its products to distributing and marketing agents situated in the overseas markets. The company's
major raw material is the Polypropylene (PP) granule, which is derived from crude
oil.

Website BSE
  • Market Cap ₹ 27.1 Cr.
  • Current Price ₹ 27.1
  • High / Low ₹ 43.0 / 27.0
  • Stock P/E 7.06
  • Book Value ₹ 57.5
  • Dividend Yield 0.00 %
  • ROCE 10.8 %
  • ROE 5.36 %
  • Face Value ₹ 5.00
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Pros

  • Stock is trading at 0.47 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.26% over past five years.
  • Company has a low return on equity of 0.28% over last 3 years.
  • Contingent liabilities of Rs.10.3 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
47.90 47.00 49.18 53.45 50.70 48.88 48.67 61.52 54.61 60.35 57.36 58.87 53.79
49.00 45.46 49.43 50.92 52.38 50.40 46.09 56.86 51.97 57.37 53.96 55.02 51.38
Operating Profit -1.10 1.54 -0.25 2.53 -1.68 -1.52 2.58 4.66 2.64 2.98 3.40 3.85 2.41
OPM % -2.30% 3.28% -0.51% 4.73% -3.31% -3.11% 5.30% 7.57% 4.83% 4.94% 5.93% 6.54% 4.48%
0.60 -0.34 -0.06 1.12 0.80 1.18 0.26 0.53 1.09 0.82 0.83 0.78 0.94
Interest 0.86 0.79 0.97 0.88 1.06 1.01 0.97 1.38 1.46 1.62 1.47 1.64 1.38
Depreciation 0.68 0.67 0.70 0.78 0.82 0.87 0.87 1.05 1.29 1.17 1.18 1.18 1.13
Profit before tax -2.04 -0.26 -1.98 1.99 -2.76 -2.22 1.00 2.76 0.98 1.01 1.58 1.81 0.84
Tax % -26.96% 46.15% -2.02% 3.52% 3.26% -80.18% -53.00% 85.51% 67.35% 56.44% 27.85% 8.29% 27.38%
-1.50 -0.37 -1.94 1.92 -2.85 -0.45 1.53 0.40 0.31 0.44 1.14 1.65 0.61
EPS in Rs -1.50 -0.37 -1.94 1.92 -2.85 -0.45 1.53 0.40 0.31 0.44 1.14 1.65 0.61
Raw PDF

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 TTM
119 144 136 155 181 212 166 235 277 208 202 225 230
109 132 125 143 165 195 156 218 260 204 203 210 218
Operating Profit 11 12 10 13 15 17 10 16 17 4 -0 15 13
OPM % 9% 8% 8% 8% 9% 8% 6% 7% 6% 2% -0% 7% 5%
0 0 1 0 0 2 6 4 6 3 3 2 3
Interest 4 5 4 5 5 6 5 6 5 4 4 7 6
Depreciation 2 2 2 3 3 3 4 4 4 3 3 4 5
Profit before tax 5 5 4 5 8 11 7 11 13 1 -5 6 5
Tax % 31% 35% 35% 37% 34% 33% 29% 31% 32% 32% -33% 54%
3 3 3 3 5 7 5 8 9 1 -3 3 4
EPS in Rs 3.15 3.34 2.91 3.17 5.02 7.31 5.27 7.50 9.00 0.91 -3.32 2.68 3.84
Dividend Payout % 15% 14% 16% 15% 10% 7% 5% 8% 7% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 6%
3 Years: -7%
TTM: 8%
Compounded Profit Growth
10 Years: -2%
5 Years: -12%
3 Years: -32%
TTM: 38%
Stock Price CAGR
10 Years: 4%
5 Years: -12%
3 Years: -22%
1 Year: -19%
Return on Equity
10 Years: 11%
5 Years: 7%
3 Years: 0%
Last Year: 5%

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 Sep 2025
Equity Capital 4 4 4 4 4 4 4 5 5 5 5 5 5
Reserves 8 11 14 17 22 29 34 41 49 48 46 50 53
43 37 50 49 53 61 61 79 78 70 75 85 88
9 14 21 24 25 26 19 23 22 32 26 18 31
Total Liabilities 65 66 88 95 104 120 118 148 155 155 152 158 176
26 27 38 40 38 38 45 46 43 43 37 50 49
CWIP 0 0 2 0 0 7 2 0 0 7 16 0 0
Investments 1 1 1 1 1 1 1 1 1 1 1 1 2
38 39 48 54 65 75 70 101 110 105 99 107 125
Total Assets 65 66 88 95 104 120 118 148 155 155 152 158 176

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
1 10 0 4 3 15 11 -9 13 11 8 -9
-5 -3 0 -3 -2 -15 -10 -1 -0 -8 -8 4
5 -7 0 -1 -0 1 -3 13 -6 -12 1 5
Net Cash Flow 1 1 0 -0 0 1 -2 2 6 -9 -0 0

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 46 35 38 42 50 36 53 40 53 57 53 72
Inventory Days 61 56 84 84 84 76 94 123 64 147 117 117
Days Payable 11 25 50 59 54 45 38 27 18 64 53 19
Cash Conversion Cycle 96 66 71 67 79 68 109 136 100 139 117 170
Working Capital Days -5 -21 -28 -24 -15 -18 -23 -7 13 14 20 21
ROCE % 17% 19% 15% 15% 17% 20% 13% 15% 14% 5% 0% 11%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Installed Capacity - FIBC Bags & PP Division
Metric Tonnes Per Annum

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Production Volume - Cotton Yarn / Textiles
Kgs
Production Volume - FIBC Bags & PP Woven Bags
Kgs
Sales Volume - FIBC Bags & PP Woven Bags
Kgs
Installed Capacity - Textile Division
Rotors
Electricity Consumption per unit of production (Textile Division)
Unit/Kg
Electricity Consumption per unit of production (FIBC/PP Division)
Unit/Kg

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
48.46% 47.93% 47.83% 47.83% 47.80% 47.96% 47.44% 46.82% 46.82% 46.82% 46.82% 46.82%
51.54% 52.09% 52.19% 52.18% 52.22% 52.05% 52.57% 53.20% 53.21% 53.21% 53.20% 53.19%
No. of Shareholders 4,1214,0353,9734,0724,1594,1014,1164,1274,1224,1124,0854,036

Documents

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