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 ₹ 91.5 Cr.
- Current Price ₹ 68.0
- High / Low ₹ 98.0 / 55.0
- Stock P/E 11.1
- Book Value ₹ 35.3
- Dividend Yield 0.00 %
- ROCE 25.5 %
- 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% | 5% | 3% | 4% | 4% | 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: | -21% |
| 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 | -0 | 5 | |
| CFO/OP | 197% | 118% | 111% | 77% | 86% | -54% | 121% | 11% | 66% | 26% | 97% |
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% | 25% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2024 | |
|---|---|---|---|---|
| Sales Volume - Plastic Granules tonnes |
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| Sales Volume - Plastic Sheets and Rolls tonnes |
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| Total Sales Volume tonnes |
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| Component Capacity - Granule Plant MTPA |
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| Component Capacity - Sheet Plant MTPA |
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| Installed Production Capacity MTPA |
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| Number of Clients count |
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| Recycled PET Plastic Waste Usage tonnes |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
16 May - Appointed internal, secretarial and cost auditors for FY 2026-27 on May 16, 2026.
-
Results_ Financial Results For March 2026
16 May - Board approved FY26 audited results, unmodified audit opinion, director reappointment, auditor continuations, and AGM notice.
-
Board Meeting Outcome for Outcome Of Board Meeting
16 May - Board approved FY2026 audited results, auditor continuations, director reappointment, and AGM-related matters.
-
Board Meeting Intimation for Audited Financial Results And Audited Financial Statements For March 31, 2026
7 May - Board meeting on May 16, 2026 to approve FY26 audited financial results and statements.
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
29 Apr - Company says it is not a SEBI-defined Large Corporate for FY2026.
Annual reports
Concalls
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Nov 2024Transcript PPT
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Nov 2022TranscriptAI SummaryPPT
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