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 ₹ 87.9 Cr.
- Current Price ₹ 65.3
- High / Low ₹ 91.8 / 52.3
- Stock P/E 10.6
- 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: | 20% |
| 3 Years: | -29% |
| 1 Year: | -14% |
| 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
| 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
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Restructuring
- Shareholders approved sale of machinery and spare parts to Regranix Pvt Ltd for up to ₹2 crore.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Mr. Dinesh Balbeer Sharma reappointed Managing Director and CFO from Sept. 7, 2026 to Sept. 6, 2031.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
- Members approved FY26 accounts, reappointment, related-party transactions, borrowing powers, and sale of undertaking to Regranix.
-
Announcement under Regulation 30 (LODR)-Meeting Updates
- 23rd AGM held Sept 7, 2026; shareholders approved all resolutions, including Regranix transactions.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
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Annual Report 2024
from bse
-
Annual Report 2023
from bse
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Annual Report 2022
from bse
-
Annual Report 2021
from bse
Concalls
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Nov 2024Transcript PPT
-
Nov 2022PPT
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.