G M Polyplast Ltd
Incorporated in 2003, GM Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE Sheets and Granules[1]
- Market Cap ₹ 117 Cr.
- Current Price ₹ 87.0
- High / Low ₹ 212 / 0.00
- Stock P/E 15.7
- Book Value ₹ 29.1
- Dividend Yield 0.57 %
- ROCE 28.8 %
- ROE 21.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 26.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 8.77% over past five 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
33.71 | 46.19 | 46.58 | 44.71 | 55.47 | 68.12 | 63.15 | 52.14 | 73.87 | 82.26 | 92.02 | 96.16 | |
32.29 | 43.87 | 44.42 | 43.16 | 53.47 | 65.48 | 59.41 | 46.51 | 67.84 | 74.34 | 80.68 | 84.46 | |
Operating Profit | 1.42 | 2.32 | 2.16 | 1.55 | 2.00 | 2.64 | 3.74 | 5.63 | 6.03 | 7.92 | 11.34 | 11.70 |
OPM % | 4.21% | 5.02% | 4.64% | 3.47% | 3.61% | 3.88% | 5.92% | 10.80% | 8.16% | 9.63% | 12.32% | 12.17% |
-0.03 | 0.03 | 0.02 | 0.12 | 0.05 | 0.23 | 0.20 | 0.13 | 0.88 | 0.09 | 0.18 | 0.08 | |
Interest | 0.35 | 0.91 | 0.74 | 0.40 | 0.31 | 0.37 | 0.23 | 0.42 | 0.46 | 0.31 | 0.37 | 0.53 |
Depreciation | 0.36 | 0.49 | 0.51 | 0.44 | 0.46 | 0.59 | 0.78 | 0.58 | 0.96 | 1.22 | 1.29 | 1.26 |
Profit before tax | 0.68 | 0.95 | 0.93 | 0.83 | 1.28 | 1.91 | 2.93 | 4.76 | 5.49 | 6.48 | 9.86 | 9.99 |
Tax % | 36.76% | 33.68% | 46.24% | 43.37% | 28.12% | 27.75% | 21.50% | 26.26% | 23.50% | 24.07% | 28.19% | 25.53% |
0.44 | 0.62 | 0.50 | 0.47 | 0.92 | 1.38 | 2.29 | 3.51 | 4.19 | 4.92 | 7.09 | 7.44 | |
EPS in Rs | 44.00 | 62.00 | 50.00 | 47.00 | 92.00 | 138.00 | 32.71 | 2.60 | 3.10 | 3.66 | 5.27 | 5.53 |
Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.47% | 4.58% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 9% |
3 Years: | 9% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | 28% |
5 Years: | 26% |
3 Years: | 21% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 35% |
1 Year: | -52% |
Return on Equity | |
---|---|
10 Years: | 24% |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
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 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 1.92 | 1.92 | 13.46 | 13.46 | 13.46 |
Reserves | 1.50 | 2.13 | 2.63 | 3.10 | 4.19 | 5.57 | 7.87 | 14.50 | 18.50 | 11.88 | 18.30 | 25.74 |
5.94 | 3.54 | 2.89 | 2.19 | 4.41 | 3.04 | 2.65 | 1.96 | 0.88 | 1.96 | 1.19 | 0.88 | |
12.45 | 12.23 | 13.00 | 15.84 | 16.63 | 16.67 | 14.62 | 9.37 | 18.05 | 9.56 | 8.49 | 8.53 | |
Total Liabilities | 19.99 | 18.00 | 18.62 | 21.23 | 25.33 | 25.38 | 25.24 | 27.75 | 39.35 | 36.86 | 41.44 | 48.61 |
2.28 | 2.54 | 2.31 | 1.95 | 2.43 | 2.87 | 2.95 | 2.56 | 5.95 | 5.48 | 6.08 | 5.66 | |
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 | 0.00 | 0.31 | 0.47 | 0.46 | 0.83 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
17.71 | 15.15 | 15.84 | 18.82 | 22.07 | 21.50 | 22.29 | 25.19 | 33.40 | 31.38 | 35.36 | 42.95 | |
Total Assets | 19.99 | 18.00 | 18.62 | 21.23 | 25.33 | 25.38 | 25.24 | 27.75 | 39.35 | 36.86 | 41.44 | 48.61 |
Cash Flows
Figures in Rs. Crores
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4.19 | 2.22 | 1.32 | 1.59 | 2.61 | -4.30 | 5.41 | -0.46 | 4.96 | 0.39 | |||
-1.03 | -0.43 | 0.00 | -1.07 | -0.66 | -0.21 | -4.31 | -0.72 | -1.83 | -0.84 | |||
-3.31 | -1.39 | -1.12 | -1.62 | -0.62 | 3.77 | -1.74 | 0.78 | -1.83 | -0.85 | |||
Net Cash Flow | -0.16 | 0.41 | 0.19 | -1.10 | 1.33 | -0.74 | -0.64 | -0.41 | 1.31 | -1.29 |
Ratios
Figures in Rs. Crores
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 | 132.31 | 86.84 | 88.39 | 98.70 | 88.04 | 73.35 | 72.08 | 95.56 | 84.49 | 68.38 | 75.17 | 80.17 |
Inventory Days | 40.73 | 17.07 | 19.35 | 30.44 | 31.56 | 27.15 | 25.70 | 35.28 | 48.70 | 56.37 | 49.41 | 69.83 |
Days Payable | 140.20 | 102.88 | 105.29 | 131.00 | 108.64 | 89.04 | 90.52 | 59.05 | 77.80 | 40.21 | 23.60 | 21.89 |
Cash Conversion Cycle | 32.85 | 1.04 | 2.45 | -1.86 | 10.96 | 11.47 | 7.25 | 71.79 | 55.39 | 84.54 | 100.98 | 128.11 |
Working Capital Days | 52.51 | 13.91 | 14.73 | 16.98 | 16.32 | 15.49 | 19.02 | 84.28 | 61.42 | 86.26 | 93.45 | 118.69 |
ROCE % | 22.04% | 27.95% | 29.50% | 22.34% | 22.57% | 25.16% | 33.11% | 36.41% | 29.94% | 27.94% | 33.86% | 28.81% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - GM Polyplast exempt from SEBI Reg 24A Annual Secretarial Compliance Report due to SME listing.
-
Announcement under Regulation 30 (LODR)-Change in Management
28 May - Reappointment of director, appointment of non-executive director, new internal and secretarial auditors appointed.
-
Integrated Filing (Financial)
28 May - Audited FY25 financial results approved; directors reappointed; new internal and secretarial auditors appointed.
-
Financial Results March 2025
28 May - Audited FY25 financial results approved; directors reappointed; new internal and secretarial auditors appointed.
-
Board Meeting Outcome for Outcome Of The Board Meeting
28 May - Audited FY25 results: Rs999L PBT, Rs382L net profit; director reappointments; new internal and secretarial auditors appointed.
Annual reports
Concalls
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Nov 2024Transcript PPT
-
Nov 2022TranscriptNotesPPT
Business Overview:[1]
GMPL is a manufacturer of HIPS, ABS,
PET, PP, HDPE Sheets, and Premium quality Granules. Company has a presence in the states
of Maharashtra, Gujarat, Kerala, Tamil Nadu, West Bengal, Dadra & Nagar Haveli, Puducherry, Uttar Pradesh, Delhi, Haryana, Telangana, Karnataka, Goa, Andhra Pradesh, Madhya Pradesh