Sah Polymers Ltd

Sah Polymers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sah Polymers Ltd

₹ 121 4.87%
27 Jun 11:23 a.m.
sahpolymers.com BSE: 543743 NSE: SAH
About

Incorporated in 1992, Sah Polymers
Ltd does manufacturing and marketing
of FIBC and other flexible packaging
products[1]

Key Points

Business Overview:[1][2]
SAHPL is a Recognized Star Export House by the Government of India. It manufactures Flexible Intermediate Bulk Containers from Simple builder bags to complex C panel and circular baffle bags, Polypropylene Woven Bags, BOPP Laminated Bags

Website BSE NSE - BE
  • Market Cap ₹ 311 Cr.
  • Current Price ₹ 121
  • High / Low ₹ 125 / 65.0
  • Stock P/E 1,830
  • Book Value ₹ 32.4
  • Dividend Yield 0.00 %
  • ROCE 2.73 %
  • ROE 0.20 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 3.64 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.76% over last 3 years.
  • Earnings include an other income of Rs.2.02 Cr.

* 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 Packaging

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
26.57 24.04 17.00 14.75 19.60 26.34 25.32 29.51 24.02 31.33 27.84 30.48
25.05 22.61 15.70 13.36 18.27 25.47 24.76 28.50 22.66 30.59 26.50 30.47
Operating Profit 1.52 1.43 1.30 1.39 1.33 0.87 0.56 1.01 1.36 0.74 1.34 0.01
OPM % 5.72% 5.95% 7.65% 9.42% 6.79% 3.30% 2.21% 3.42% 5.66% 2.36% 4.81% 0.03%
0.32 0.22 0.53 0.43 0.46 0.45 0.89 0.39 0.29 0.89 -0.00 0.84
Interest 0.33 0.38 0.58 0.62 0.72 0.69 0.84 0.72 0.72 0.74 0.74 0.69
Depreciation 0.22 0.23 0.23 0.45 0.52 0.51 0.56 0.57 0.58 0.59 0.59 0.68
Profit before tax 1.29 1.04 1.02 0.75 0.55 0.12 0.05 0.11 0.35 0.30 0.01 -0.52
Tax % 27.91% 27.88% 22.55% 22.67% 21.82% 8.33% 20.00% 27.27% 20.00% 16.67% -0.00% -26.92%
0.94 0.75 0.79 0.58 0.43 0.11 0.05 0.08 0.28 0.26 0.01 -0.38
EPS in Rs 0.60 0.48 0.51 0.22 0.17 0.04 0.02 0.03 0.11 0.10 0.00 -0.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
42 43 45 49 54 76 82 101 114
40 41 43 47 52 69 76 97 110
Operating Profit 2 2 2 2 3 7 6 4 3
OPM % 5% 5% 5% 4% 5% 9% 7% 4% 3%
0 0 0 1 1 1 1 2 2
Interest 1 1 1 2 1 1 2 3 3
Depreciation 1 1 1 1 1 1 1 2 2
Profit before tax 0 0 1 1 2 5 4 1 0
Tax % 81% 94% 49% 43% 22% 22% 26% 21% -13%
0 0 0 0 1 4 3 1 0
EPS in Rs 0.04 0.01 0.24 0.19 0.81 2.58 1.19 0.26 0.07
Dividend Payout % -0% -0% -0% -0% -0% -0% 42% -0% -0%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 15%
TTM: 13%
Compounded Profit Growth
10 Years: 8%
5 Years: -11%
3 Years: -65%
TTM: -74%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 26%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 2%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 16 16 16 16 26 26 26
Reserves 1 1 3 4 4 8 58 58 58
10 10 11 10 14 29 23 29 28
4 4 7 7 7 9 10 12 8
Total Liabilities 29 29 37 36 41 62 117 124 119
15 14 13 13 14 14 43 47 56
CWIP -0 0 -0 -0 0 7 1 1 -0
Investments 3 3 -0 1 -0 6 6 6 -0
11 12 24 23 26 35 67 70 63
Total Assets 29 29 37 36 41 62 117 124 119

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2 2 3 1 1 -1 -16 -1 8
-2 0 -0 -0 -2 -13 -22 3 -5
-1 -2 -2 -1 2 14 47 -5 -5
Net Cash Flow -1 -0 1 -0 1 -1 9 -3 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 32 34 71 67 65 59 47 75 60
Inventory Days 58 60 66 61 54 71 118 119 151
Days Payable 20 24 45 49 32 39 36 44 42
Cash Conversion Cycle 70 70 91 79 87 91 128 150 169
Working Capital Days 63 61 127 115 116 113 159 165 154
ROCE % 7% 7% 9% 15% 8% 4% 3%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.46% 60.46% 60.46% 60.46% 60.46% 60.46% 60.46% 60.46% 60.46%
11.80% 6.55% 4.19% 3.58% 3.15% 3.63% 3.64% 3.63% 3.63%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04%
27.73% 33.00% 35.34% 35.96% 36.40% 35.91% 35.91% 35.86% 35.87%
No. of Shareholders 11,0239,3148,5037,7077,8977,5028,0327,4357,261

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls

  • May 2025
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