Pearl Polymers Ltd

Pearl Polymers Ltd

₹ 17.3 -1.54%
06 Mar - close price
About

Incorporated in 1984, Pearl Polymers Ltd manufactures and trades PET Jars and Bottles.[1]

Key Points

Business Overview:[1][2]
PPL offer the widest range of polyethylene terephthalate(PET) bottles and jars for usage
in the kitchen, home and office manufacturing in India, under the brand name Pearlpet. The
company is expanding its range to include trendy steel and other products.

  • Market Cap 29.1 Cr.
  • Current Price 17.3
  • High / Low 41.4 / 17.2
  • Stock P/E
  • Book Value 20.4
  • Dividend Yield 0.00 %
  • ROCE -15.9 %
  • ROE -15.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.85 times its book value
  • Debtor days have improved from 37.1 to 28.6 days.
  • Company's working capital requirements have reduced from 25.2 days to 10.1 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -12.0% over last 3 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.

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Quarterly Results

Figures in Rs. Crores

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
3.58 4.86 3.58 3.87 3.77 5.18 5.33 4.93 5.49 6.23 4.92 4.50 4.70
5.96 8.24 6.04 5.00 5.44 6.90 7.03 6.42 7.28 9.17 6.36 5.96 6.17
Operating Profit -2.38 -3.38 -2.46 -1.13 -1.67 -1.72 -1.70 -1.49 -1.79 -2.94 -1.44 -1.46 -1.47
OPM % -66.48% -69.55% -68.72% -29.20% -44.30% -33.20% -31.89% -30.22% -32.60% -47.19% -29.27% -32.44% -31.28%
0.72 0.62 3.05 1.29 2.43 1.19 3.12 1.86 -0.28 -1.51 4.46 -0.35 -0.04
Interest 0.02 0.01 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.01 0.01 0.01 0.01
Depreciation 0.14 0.14 0.14 0.14 0.16 0.16 0.12 0.13 0.12 0.12 0.12 0.12 0.12
Profit before tax -1.82 -2.91 0.43 0.01 0.59 -0.70 1.29 0.23 -2.21 -4.58 2.89 -1.94 -1.64
Tax % 0.00% 4.81% 0.00% -1,200.00% 0.00% -30.00% 0.00% 0.00% 0.00% -3.28% 0.00% 0.00% 0.00%
-1.82 -3.06 0.43 0.13 0.59 -0.50 1.29 0.23 -2.22 -4.43 2.89 -1.94 -1.64
EPS in Rs -1.08 -1.82 0.26 0.08 0.35 -0.30 0.77 0.14 -1.32 -2.63 1.72 -1.15 -0.97
Raw PDF

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 TTM
224.74 198.20 176.53 173.96 180.98 178.68 139.44 111.58 13.96 17.12 16.40 21.97 20.35
210.39 190.18 166.00 164.26 176.68 175.92 143.85 115.74 75.90 25.48 23.38 28.70 27.66
Operating Profit 14.35 8.02 10.53 9.70 4.30 2.76 -4.41 -4.16 -61.94 -8.36 -6.98 -6.73 -7.31
OPM % 6.39% 4.05% 5.96% 5.58% 2.38% 1.54% -3.16% -3.73% -443.70% -48.83% -42.56% -30.63% -35.92%
1.18 2.82 1.01 1.46 1.79 2.17 2.50 3.61 90.78 0.96 7.96 2.00 2.56
Interest 7.79 6.22 5.39 4.50 4.57 4.95 4.18 4.10 0.25 0.07 0.05 0.06 0.04
Depreciation 7.22 6.53 6.54 6.31 5.90 6.29 6.37 5.92 0.73 0.57 0.60 0.49 0.48
Profit before tax 0.52 -1.91 -0.39 0.35 -4.38 -6.31 -12.46 -10.57 27.86 -8.04 0.33 -5.28 -5.27
Tax % -3.85% 30.89% -220.51% 280.00% -39.73% -22.98% -10.59% 0.00% 21.64% 1.74% -100.00% -2.84%
0.54 -2.51 0.46 -0.64 -2.63 -4.86 -11.15 -10.58 21.84 -8.17 0.65 -5.12 -5.12
EPS in Rs 0.32 -1.49 0.27 -0.38 -1.56 -2.89 -6.62 -6.28 12.97 -4.85 0.39 -3.04 -3.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -20%
5 Years: -31%
3 Years: 16%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: %
TTM: -327%
Stock Price CAGR
10 Years: 3%
5 Years: 2%
3 Years: -6%
1 Year: -35%
Return on Equity
10 Years: -6%
5 Years: -3%
3 Years: -12%
Last Year: -16%

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 Sep 2025
Equity Capital 16.83 16.83 16.83 16.83 16.83 16.83 16.83 16.83 16.83 16.83 16.83 16.83 16.83
Reserves 45.18 35.56 36.02 35.67 33.46 28.59 17.76 7.21 29.26 21.21 21.73 16.57 17.53
38.29 29.37 28.49 28.38 29.62 26.62 26.37 28.32 0.42 0.23 0.10 0.00 0.00
47.23 51.24 42.33 47.78 56.87 54.14 44.58 38.77 9.83 6.97 6.52 7.44 6.11
Total Liabilities 147.53 133.00 123.67 128.66 136.78 126.18 105.54 91.13 56.34 45.24 45.18 40.84 40.47
66.65 56.66 52.81 52.18 54.68 49.78 44.77 39.02 4.72 4.79 4.67 4.63 4.45
CWIP 0.00 0.00 0.00 0.02 0.11 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00
Investments 1.91 2.22 2.10 2.13 2.15 2.11 2.10 2.12 30.58 31.87 30.20 27.91 28.57
78.97 74.12 68.76 74.33 79.84 74.29 58.67 49.96 21.04 8.58 10.31 8.30 7.45
Total Assets 147.53 133.00 123.67 128.66 136.78 126.18 105.54 91.13 56.34 45.24 45.18 40.84 40.47

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
21.44 18.94 10.47 10.60 11.53 7.42 4.03 2.33 28.90 -4.78 -7.09 -4.82
-7.19 -6.93 -2.24 -4.86 -8.01 -0.27 0.32 1.79 5.13 -1.41 8.38 3.32
-15.93 -12.63 -8.36 -5.53 -3.42 -7.95 -4.35 -2.28 -28.22 -0.26 -0.18 -0.16
Net Cash Flow -1.68 -0.63 -0.14 0.21 0.11 -0.80 0.01 1.84 5.81 -6.45 1.11 -1.66

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 64.27 75.14 76.30 90.47 96.42 88.88 79.63 86.88 58.57 43.71 38.95 28.58
Inventory Days 55.78 64.29 78.48 97.12 82.32 81.59 93.19 99.57 101.50 52.70 77.63 48.46
Days Payable 62.17 83.52 91.84 132.47 159.65 151.50 153.90 162.80 138.20 122.57 156.75 129.54
Cash Conversion Cycle 57.87 55.91 62.93 55.12 19.09 18.96 18.92 23.65 21.87 -26.16 -40.17 -52.50
Working Capital Days 2.84 7.70 18.13 20.48 1.98 -0.82 -21.28 -50.15 103.28 21.75 43.84 10.13
ROCE % 7.91% 5.04% 6.24% 5.55% 0.11% -2.66% -14.30% -14.60% 54.74% -17.43% -2.60% -15.93%

Insights

In beta
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Number of Manufacturing Plants
Units

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Number of Permanent Employees
Number
Traded Goods Purchase - PET Bottles & Jars
INR Lakhs
Net Working Capital Cycle
Days
Number of Machines
Units

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58% 55.58%
0.05% 0.05% 0.05% 0.06% 0.10% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
44.32% 44.33% 44.32% 44.31% 44.28% 44.32% 44.33% 44.32% 44.32% 44.34% 44.33% 44.34%
No. of Shareholders 15,71315,39916,46016,82117,20216,72717,05317,32617,36717,03717,19917,014

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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