Polysil Irrigation Systems Ltd

Polysil Irrigati Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Polysil Irrigation Systems Ltd

₹ 288 1.80%
16 Oct 3:15 p.m.
polysilirrigation.com NSE - SME: POLYSIL
About

Incorporation in 1985, Polysil Irrigation Systems Ltd manufactures and sells HDPE/LLDPE/LD Pipes and Micro Irrigation Systems[1]

Key Points

Business Overview:[1]
PISL is in the business of manufacturing and trading in micro irrigation products and providing agriculture related services

Website NSE - ST
  • Market Cap ₹ 649 Cr.
  • Current Price ₹ 288
  • High / Low ₹ 289 / 14.2
  • Stock P/E
  • Book Value ₹ 20.0
  • Dividend Yield 0.00 %
  • ROCE 1.24 %
  • ROE -7.76 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 14.4 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -18.8% over past five years.
  • Promoter holding is low: 28.0%
  • Company has a low return on equity of 2.03% over last 3 years.
  • Company has high debtors of 1,112 days.
  • Working capital days have increased from 219 days to 417 days

* 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

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Half Yearly Results

Figures in Rs. Crores

Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
12.85 31.03 10.38 34.08 8.73 5.15
10.24 29.02 7.25 31.64 5.53 7.39
Operating Profit 2.61 2.01 3.13 2.44 3.20 -2.24
OPM % 20.31% 6.48% 30.15% 7.16% 36.66% -43.50%
0.00 -0.22 0.01 0.09 0.02 0.23
Interest 0.68 0.81 0.90 1.02 0.80 1.04
Depreciation 0.25 0.27 0.37 0.36 0.41 0.30
Profit before tax 1.68 0.71 1.87 1.15 2.01 -3.35
Tax % 0.00% 214.08% 35.83% 24.35% 30.85% -3.28%
1.68 -0.81 1.20 0.87 1.39 -3.24
EPS in Rs 369.23 -0.82 1.21 0.77 1.23 -2.86
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39.39 54.19 37.61 43.88 44.42 13.86
36.60 51.13 34.76 39.26 38.86 12.90
Operating Profit 2.79 3.06 2.85 4.62 5.56 0.96
OPM % 7.08% 5.65% 7.58% 10.53% 12.52% 6.93%
0.06 0.13 0.05 -0.22 0.10 0.25
Interest 0.83 1.14 1.49 1.49 1.92 1.84
Depreciation 1.20 1.01 0.73 0.53 0.72 0.71
Profit before tax 0.82 1.04 0.68 2.38 3.02 -1.34
Tax % 39.02% 37.50% 50.00% 63.87% 31.46% 38.06%
0.50 0.65 0.34 0.87 2.07 -1.85
EPS in Rs 111.11 142.86 74.73 0.88 1.83 -1.63
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -19%
3 Years: -28%
TTM: -69%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -189%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 831%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 2%
Last Year: -8%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.45 0.46 0.46 9.90 11.34 11.34
Reserves 12.23 12.93 13.27 5.46 13.63 11.37
12.36 11.05 14.95 15.47 16.70 16.51
13.67 17.51 17.59 24.49 36.81 49.73
Total Liabilities 38.71 41.95 46.27 55.32 78.48 88.95
7.21 6.80 8.26 9.35 8.70 7.99
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00
31.50 35.15 38.01 45.97 69.78 80.96
Total Assets 38.71 41.95 46.27 55.32 78.48 88.95

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.99 -0.42 -0.41 2.00 -6.25 1.51
-0.37 -0.92 -2.28 -1.61 -0.65 1.08
-0.47 1.49 2.41 -0.47 6.85 -2.43
Net Cash Flow 0.15 0.15 -0.28 -0.08 -0.06 0.16

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 114.16 122.12 210.60 233.82 390.39 1,112.12
Inventory Days 208.57 146.65 239.83 200.71 207.49 1,251.02
Days Payable 154.19 110.55 179.63 193.66 292.36 1,147.14
Cash Conversion Cycle 168.54 158.21 270.80 240.88 305.52 1,215.99
Working Capital Days 46.05 56.78 90.35 83.43 156.78 417.41
ROCE % 8.81% 8.17% 13.91% 13.63% 1.24%

Shareholding Pattern

Numbers in percentages

22 Recently
Mar 2024Sep 2024Mar 2025Jun 2025
31.17% 31.17% 31.17% 28.02%
68.83% 68.83% 68.83% 71.98%
No. of Shareholders 1,2671,1031,0591,128

Documents

Announcements

Annual reports