Renol Polychem Ltd
Incorporated in 2008, Renol Polychem Limited is a manufacturer and supplier specializing in colour masterbatches, plastic masterbatches, industrial chemicals, impact modifiers, plastic pigments, etc.[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 134
- High / Low ₹ 158 / 69.0
- Stock P/E 29.6
- Book Value ₹ 48.4
- Dividend Yield 0.00 %
- ROCE 46.1 %
- ROE 45.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 202 to 52.6 days.
- Company's working capital requirements have reduced from 235 days to 55.5 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -20.9%
* 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2024 3m | Mar 2025 | TTM | |
|---|---|---|---|
| 6.45 | 62.30 | 73.50 | |
| 4.22 | 55.15 | 66.07 | |
| Operating Profit | 2.23 | 7.15 | 7.43 |
| OPM % | 34.57% | 11.48% | 10.11% |
| 0.07 | 0.26 | 0.24 | |
| Interest | 0.10 | 0.60 | 0.58 |
| Depreciation | 0.02 | 0.14 | 0.17 |
| Profit before tax | 2.18 | 6.67 | 6.92 |
| Tax % | 29.82% | 25.04% | |
| 1.53 | 5.00 | 5.18 | |
| EPS in Rs | 2.79 | 9.11 | 8.10 |
| Dividend Payout % | 0.00% | 0.00% |
| Compounded Sales Growth | |
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| TTM: | 866% |
| Compounded Profit Growth | |
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| 5 Years: | % |
| 3 Years: | % |
| TTM: | 227% |
| Stock Price CAGR | |
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| Return on Equity | |
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| Last Year: | 45% |
Balance Sheet
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 5.49 | 5.49 | 7.94 |
| Reserves | 3.20 | 7.84 | 30.50 |
| 2.58 | 6.95 | 0.20 | |
| 4.22 | 3.13 | 5.43 | |
| Total Liabilities | 15.49 | 23.41 | 44.07 |
| 0.39 | 0.34 | 1.57 | |
| CWIP | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.30 | 0.39 |
| 15.10 | 22.77 | 42.11 | |
| Total Assets | 15.49 | 23.41 | 44.07 |
Cash Flows
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 1.20 | -1.25 | |
| 0.00 | -0.40 | |
| -0.30 | 3.60 | |
| Net Cash Flow | 0.90 | 1.95 |
| Free Cash Flow | 1.20 | -1.35 |
| CFO/OP | 54% | -17% |
Ratios
Figures in Rs. Crores
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 350.85 | 52.55 |
| Inventory Days | ||
| Days Payable | ||
| Cash Conversion Cycle | 350.85 | 52.55 |
| Working Capital Days | 415.36 | 55.54 |
| ROCE % | 46.09% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Capacity Utilization - Filler Extruder % |
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| Capacity Utilization - Master Batch Extruder % |
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| Installed Capacity - Filler Extruder Metric Tonnes Per Annum |
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| Installed Capacity - Master Batch Extruder Metric Tonnes Per Annum |
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| Installed Capacity - Mixture Machine Metric Tonnes Per Annum |
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| Active Customers Number |
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| Domestic Revenue Share % |
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| Number of Permanent Employees Count |
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Documents
Announcements
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Updates
4 April 2026 - Promoters declared no encumbrance on shares during FY2025-26.
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Resignation
1 April 2026 - Company Secretary Ankur Rastogi resigned effective COB March 31, 2026 due to pre-occupation elsewhere, board accepted resignation and will complete formalities.
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Outcome of Board Meeting
30 March 2026 - Allotment of 6,86,000 shares at Rs.134 on March 30, 2026; proceeds Rs.6,89,43,000.
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Updates
27 March 2026 - Renol acquired 51% of Harmony Ply-Lam for Rs56.15/share (1,603,112 shares) on 27-Mar-2026.
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Trading Window
25 March 2026 - Trading window closed from April 1, 2026 until 48 hours after audited results for year ended March 31, 2026.
Business Profile[1]
The company manufactures colour masterbatches, pigments, filler granules, anti-moisture powder, carbon noodles, superpack & onepack, impact modifier, processing aids, and titanium dioxide and specializes in customized solutions for UPVC/CPVC pipes, fittings, and other plastic products.