Polyspin Exports Ltd
Incorporated in 1972, Polyspin Exports Ltd manufactures FIBC products and OE Yarns
- Market Cap ₹ 35.0 Cr.
- Current Price ₹ 35.0
- High / Low ₹ 45.7 / 31.1
- Stock P/E 13.0
- Book Value ₹ 54.6
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 5.36 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.64 times its book value
Cons
- 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.
* 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
Quarterly 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 119 | 144 | 136 | 155 | 181 | 212 | 166 | 235 | 277 | 208 | 202 | 225 | 234 | |
| 109 | 132 | 125 | 143 | 165 | 195 | 156 | 218 | 260 | 204 | 203 | 210 | 220 | |
| Operating Profit | 11 | 12 | 10 | 13 | 15 | 17 | 10 | 16 | 17 | 4 | -0 | 15 | 14 |
| OPM % | 9% | 8% | 8% | 8% | 9% | 8% | 6% | 7% | 6% | 2% | -0% | 7% | 6% |
| 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 | 6 |
| 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 | 2 | |
| 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 | 2.29 |
| 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: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -12% |
| 3 Years: | -32% |
| TTM: | 145% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -1% |
| 3 Years: | -16% |
| 1 Year: | -15% |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 8 | 11 | 14 | 17 | 22 | 29 | 34 | 41 | 49 | 48 | 46 | 50 |
| 43 | 37 | 50 | 49 | 53 | 61 | 61 | 79 | 78 | 70 | 75 | 85 | |
| 9 | 14 | 21 | 24 | 25 | 26 | 19 | 23 | 22 | 32 | 26 | 18 | |
| Total Liabilities | 65 | 66 | 88 | 95 | 104 | 120 | 118 | 148 | 155 | 155 | 152 | 158 |
| 26 | 27 | 38 | 40 | 38 | 38 | 45 | 46 | 43 | 43 | 37 | 50 | |
| CWIP | 0 | 0 | 2 | 0 | 0 | 7 | 2 | 0 | 0 | 7 | 16 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 38 | 39 | 48 | 54 | 65 | 75 | 70 | 101 | 110 | 105 | 99 | 107 | |
| Total Assets | 65 | 66 | 88 | 95 | 104 | 120 | 118 | 148 | 155 | 155 | 152 | 158 |
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% |
Documents
Announcements
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Report On Re-Lodgement Of Transfer Requests Of Physical Shares
4 Nov - Polyspin Exports reports NIL re-lodgement transfer requests for physical shares month ended October 31, 2025.
- Closure of Trading Window 30 Oct
-
Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results For The Quarter And Six Months Ended 30Th September, 2025
30 Oct - Board meeting on 14 Nov 2025 to consider unaudited Q2/H1 results; trading window closed till 16 Nov 2025.
-
Report On Re-Lodgement Of Transfer Requests Of Physical Shares
7 Oct - Polyspin Exports reports NIL re-lodgement requests for physical share transfers for September 2025 per SEBI circular.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Oct - Reg 74(5) certificate confirming dematerialisation and cancellation for quarter ended 30 Sep 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 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Divisions:[1]
Company has 2 divisions viz., FIBC division which produces products such as FIBC bags, PP woven bags and Spinning division which produces open-ended yarn through 2400 rotors. Company’s products are primarily used in fertilizers, building materials, chemical and cement industries