Polysil Irrigation Systems Ltd
Incorporation in 1985, Polysil Irrigation Systems Ltd manufactures and sells HDPE/LLDPE/LD Pipes and Micro Irrigation Systems[1]
- Market Cap ₹ 626 Cr.
- Current Price ₹ 278
- High / Low ₹ 286 / 14.2
- Stock P/E
- Book Value ₹ 20.0
- Dividend Yield 0.00 %
- ROCE 1.24 %
- ROE -7.76 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 13.9 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.15%
- 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
Half Yearly Results
Figures in Rs. Crores
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: | 810% |
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% |
Documents
Announcements
-
Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 October 2025 - RTA confirms Reg.74(5) not applicable; all shares dematerialised; no remat/demat requests for quarter ended Sep 30, 2025.
-
Shareholders meeting
29 September 2025 - 40th AGM (27-Sep-2025): both ordinary resolutions passed; Bharatkumar Patel re-appointed; 99.97% votes in favour.
-
Shareholders meeting
27 September 2025 - AGM Sep 27, 2025; FY25 revenue ₹1,388.84L, net loss ₹185.19L; raised ₹35.03 Crore via preferential allotment.
-
Trading Window
25 September 2025 - Trading window closed Oct 1, 2025 until 48 hours after unaudited H1 FY2026 results.
-
Copy of Newspaper Publication
6 September 2025 - Notice of 40th AGM on September 27, 2025; cut-off date and e-voting schedule published.
Business Overview:[1]
PISL is in the business of manufacturing and trading in micro irrigation products and providing agriculture related services