Polyspin Exports Ltd

₹ 28.4 2.05%

13 Apr - close price

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 ₹ 28.4 Cr.
Current Price ₹ 28.4
High / Low ₹ 43.0 / 25.0
Stock P/E 7.38
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 0.49 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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Detailed Comparison with:

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:	6%
5 Years:	-11%
3 Years:	-19%
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
Free Cash Flow	-4	7	0	0	1	5	5	-11	11	1	-4	-5
CFO/OP	9%	89%	0%	32%	33%	106%	133%	-48%	105%	299%	-2,130%	-66%

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 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Installed Capacity - FIBC Bags & PP Division
Metric Tonnes Per Annum

x,xxx	x,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx	xx,xxx
x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	xxx,xxx	x
x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx
x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	x,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx	xx,xxx,xxx
x,xxx	x,xxx	xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx	x.xx	x.xx	x.xx

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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

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	47.93%	47.83%	47.83%	47.80%	47.96%	47.44%	46.82%	46.82%	46.82%	46.82%	46.82%	46.83%
	52.09%	52.19%	52.18%	52.22%	52.05%	52.57%	53.20%	53.21%	53.21%	53.20%	53.19%	53.18%
No. of Shareholders	4,035	3,973	4,072	4,159	4,101	4,116	4,127	4,122	4,112	4,085	4,036	3,996

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	50.80%	45.26%	46.82%	47.17%	47.63%	48.37%	48.46%	47.80%	46.82%	46.83%
	49.20%	54.74%	53.18%	52.83%	52.37%	51.63%	51.54%	52.22%	53.21%	53.18%
No. of Shareholders	4,148	3,724	3,436	3,194	3,584	4,249	4,121	4,159	4,122	3,996

Polyspin Exports Ltd

Polyspin Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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