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 ₹ 96.9 Cr.
- Current Price ₹ 72.0
- High / Low ₹ 92.4 / 55.0
- Stock P/E 11.7
- Book Value ₹ 35.3
- Dividend Yield 0.00 %
- ROCE 25.7 %
- ROE 19.1 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 18.2% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 46 | 47 | 45 | 55 | 68 | 63 | 52 | 74 | 82 | 92 | 96 | 103 | |
| 44 | 44 | 43 | 53 | 65 | 59 | 47 | 68 | 74 | 81 | 84 | 90 | |
| Operating Profit | 2 | 2 | 2 | 2 | 3 | 4 | 6 | 6 | 8 | 11 | 12 | 13 |
| OPM % | 5% | 4.6% | 3.5% | 3.6% | 3.9% | 6% | 11% | 8% | 10% | 12% | 12% | 12% |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Depreciation | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 1 | 2 | 3 | 5 | 5 | 6 | 10 | 10 | 11 |
| Tax % | 34% | 46% | 43% | 28% | 28% | 22% | 26% | 24% | 24% | 28% | 26% | 26% |
| 1 | 0 | 0 | 1 | 1 | 2 | 4 | 4 | 5 | 7 | 7 | 8 | |
| EPS in Rs | 62.00 | 50.00 | 47.00 | 92.00 | 138.00 | 32.71 | 2.60 | 3.10 | 3.66 | 5.27 | 5.53 | 6.14 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 5% | 5% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 15% |
| 3 Years: | 8% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 18% |
| 3 Years: | 19% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | -16% |
| 1 Year: | -11% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 2 | 2 | 13 | 13 | 13 | 13 |
| Reserves | 2 | 3 | 3 | 4 | 6 | 8 | 14 | 18 | 12 | 18 | 26 | 34 |
| 4 | 3 | 2 | 4 | 3 | 3 | 2 | 1 | 2 | 1 | 1 | 2 | |
| 12 | 13 | 16 | 17 | 17 | 15 | 9 | 18 | 10 | 8 | 9 | 10 | |
| Total Liabilities | 18 | 19 | 21 | 25 | 25 | 25 | 28 | 39 | 37 | 41 | 49 | 59 |
| 3 | 2 | 2 | 2 | 3 | 3 | 3 | 6 | 5 | 6 | 6 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 15 | 16 | 19 | 22 | 22 | 22 | 25 | 33 | 31 | 35 | 43 | 50 | |
| Total Assets | 18 | 19 | 21 | 25 | 25 | 25 | 28 | 39 | 37 | 41 | 49 | 59 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 2 | 1 | 2 | 3 | -4 | 5 | -0 | 5 | 0 | 10 | ||
| -1 | -0 | 0 | -1 | -1 | -0 | -4 | -1 | -2 | -1 | -6 | ||
| -3 | -1 | -1 | -2 | -1 | 4 | -2 | 1 | -2 | -1 | 1 | ||
| Net Cash Flow | -0 | 0 | 0 | -1 | 1 | -1 | -1 | -0 | 1 | -1 | 5 | |
| Free Cash Flow | 3 | 2 | 1 | 1 | 2 | -5 | 1 | -1 | 3 | -1 | 4 | |
| CFO/OP | 197% | 118% | 111% | 77% | 86% | -54% | 121% | 11% | 66% | 25% | 96% |
Ratios
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 87 | 88 | 99 | 88 | 73 | 72 | 96 | 84 | 68 | 75 | 80 | 90 |
| Inventory Days | 17 | 19 | 30 | 32 | 27 | 26 | 35 | 49 | 56 | 49 | 70 | 48 |
| Days Payable | 103 | 105 | 131 | 109 | 89 | 91 | 59 | 78 | 40 | 21 | 22 | 21 |
| Cash Conversion Cycle | 1 | 2 | -2 | 11 | 11 | 7 | 72 | 55 | 85 | 104 | 128 | 116 |
| Working Capital Days | 9 | 12 | 9 | 2 | 5 | 6 | 77 | 58 | 79 | 92 | 118 | 111 |
| ROCE % | 28% | 30% | 22% | 23% | 25% | 33% | 36% | 30% | 28% | 34% | 29% | 26% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Export Revenue Share (FOB Exports / Revenue from Operations) % |
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| Imported Raw Material Share of Total Raw Materials Consumed % |
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| Permanent Employees on Rolls count |
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| PET Sheets/Rolls Revenue Share % |
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| Total Sales Volume (Plastic Sheets/Rolls + Plastic Granules) tonnes |
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| Plastic Granules Revenue Share % |
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| Customer Count count |
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| Export Countries (Customer Reach) count |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- The Newspaper clipping is attached for reference
-
Announcement under Regulation 30 (LODR)-Meeting Updates
- Annual report FY2025-26; AGM on September 7, 2026; proposes ₹50 crore borrowings and ₹20 crore related-party transactions.
- Book Closure For 23Rd Annual General Meeting
- Notice Of The 23Rd Annual General Meeting
- Annual General Meeting On 07Th September 2026
Annual reports
Concalls
-
Nov 2024Transcript PPT
-
Nov 2022TranscriptAI SummaryPPT
Business Overview:[1]
GM Polyplast manufactures HIPS, ABS, PET, PP, and HDPE sheets and premium-quality granules. It has a 21,600-tonne production capacity, with manufacturing operations in Silvassa and an office in Mumbai. The company serves customers across multiple industries, including pharma, food packaging, bus bodies, agriculture and interior design, with a focus on product quality, customised solutions and customer relationships.