Silkflex Polymers (India) Ltd
Incorporated in 2016, Silkflex Polymers
India Ltd is in the business of Chemicals
and Printing dyes and water based Wood Coatings[1]
- Market Cap ₹ 244 Cr.
- Current Price ₹ 210
- High / Low ₹ 230 / 76.0
- Stock P/E 20.1
- Book Value ₹ 41.0
- Dividend Yield 0.00 %
- ROCE 22.5 %
- ROE 29.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 93.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.4%
- Company's working capital requirements have reduced from 67.6 days to 33.3 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 51.1 to 64.8 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
Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals
Part of Nifty SME Emerge
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 21 | 21 | 28 | 44 | 50 | 80 | 110 | |
| 20 | 19 | 26 | 42 | 43 | 68 | 88 | |
| Operating Profit | 1 | 1 | 2 | 2 | 7 | 12 | 22 |
| OPM % | 4% | 6% | 6% | 5% | 14% | 15% | 20% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 0 | 1 | 1 | 1 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Profit before tax | 0 | 1 | 1 | 1 | 5 | 9 | 16 |
| Tax % | 26% | 26% | 25% | 25% | 25% | 26% | 26% |
| 0 | 0 | 1 | 1 | 4 | 7 | 12 | |
| EPS in Rs | 2.33 | 2.19 | 2.76 | 3.32 | 4.84 | 6.03 | 10.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 36% |
| TTM: | 38% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 93% |
| 3 Years: | 145% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 156% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 27% |
| 3 Years: | 30% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 8 | 12 | 12 |
| Reserves | 1 | 3 | 5 | 6 | 4 | 24 | 36 |
| 6 | 6 | 10 | 14 | 15 | 36 | 62 | |
| 1 | 2 | 2 | 2 | 11 | 11 | 22 | |
| Total Liabilities | 10 | 13 | 20 | 24 | 38 | 83 | 132 |
| 1 | 1 | 3 | 4 | 11 | 16 | 66 | |
| CWIP | 0 | 1 | 0 | 0 | 1 | 1 | 6 |
| Investments | 1 | 2 | 1 | 1 | 0 | 0 | 0 |
| 7 | 9 | 15 | 18 | 26 | 66 | 59 | |
| Total Assets | 10 | 13 | 20 | 24 | 38 | 83 | 132 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -0 | -0 | -4 | -1 | 9 | -30 | 29 | |
| -2 | -1 | -0 | -1 | -9 | -5 | -49 | |
| 2 | 2 | 5 | 2 | 0 | 35 | 22 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | 0 | 2 |
| Free Cash Flow | -1 | -2 | -5 | -2 | -0 | -35 | -28 |
| CFO/OP | 4% | 2% | -248% | -28% | 128% | -246% | 146% |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 49 | 29 | 17 | 42 | 46 | 65 |
| Inventory Days | 90 | 125 | 216 | 153 | 164 | 185 | 136 |
| Days Payable | 28 | 13 | 11 | 13 | 82 | 38 | 68 |
| Cash Conversion Cycle | 104 | 161 | 234 | 158 | 125 | 193 | 133 |
| Working Capital Days | 27 | 87 | 62 | 40 | 7 | 163 | 33 |
| ROCE % | 14% | 12% | 11% | 28% | 24% | 22% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Number of Permanent Employees Number |
|
|
| Regional Branch Offices Number |
||
| Textile Printing Ink Products (SKUs) Number |
||
| Textile Segment Revenue Contribution % |
||
| Wood Coating Polymer Products (SKUs) Number |
||
| Wood Segment Revenue Contribution % |
||
Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
6 May 2026 - Q4 FY26 earnings call transcript highlights Vadodara plant commissioning, 37.7% annual revenue growth and FY27 expansion plans.
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Analysts/Institutional Investor Meet/Con. Call Updates
28 April 2026 - Audio recording of Q4FY26 earnings call available for audited standalone results ended March 31, 2026.
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Investor Presentation
27 April 2026 - Q4 FY26 investor presentation: revenue 3,906.6 lakh, PAT 465.6 lakh; FY26 revenue 11,020.3 lakh, PAT 1,215.4 lakh.
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Outcome of Board Meeting
25 April 2026 - FY26 audited results approved; revenue 110.20 Cr, profit 12.15 Cr, audit unmodified.
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Analysts/Institutional Investor Meet/Con. Call Updates
24 April 2026 - Updated Q4FY26 earnings conference call invite; call on 28 April 2026 at 4:30 PM IST.
Annual reports
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT
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Nov 2025Transcript PPT
-
May 2025Transcript PPT
Business Overview:[1]
Company does trading of textile printing inks and water-based wood coating polymers products of a Malaysian based brand - Silkflex produced by Silkflex Polymers SDN BHD (Silkflex Malaysia). It is one of the garment printing ink manufacturers of Malaysia supplying products around the globe through its authorised agents, including countries like India, Thailand, Turkey, Russia, Sri Lanka, Bangladesh and Indonesia