SPP Polymer Ltd

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

SPP Polymer Ltd

₹ 18.2 1.11%
11 Jun - close price
Company website NSE - SME: SPPPOLY
About

Incorporated in 2004, SPP Polymers Limited is a manufacturer of a wide range of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and Multifilament Yarn.[1]

Key Points

Business Profile[1] SPP Polymer Ltd. (SPL) is an ISO-certified company specializing in manufacturing HDPE/PP woven fabrics and bags, non-woven fabrics and bags, and PP multifilament yarn. It provides B2B packaging solutions for industries like cement, chemicals, food grains, sugar, polymers, and agriculture, for large-quantity goods packaging.

Website NSE - SM
  • Market Cap ₹ 28.1 Cr.
  • Current Price ₹ 18.2
  • High / Low ₹ 63.0 / 13.2
  • Stock P/E 24.9
  • Book Value ₹ 33.2
  • Dividend Yield 0.00 %
  • ROCE 7.02 %
  • ROE 2.96 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.55 times its book value

Cons

  • Company has a low return on equity of 3.13% over last 3 years.
  • Company's cost of borrowing seems high

* 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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Half Yearly Results

Figures in Rs. Crores

Mar 2024 Sep 2024 Mar 2025
51 55 54
48 50 51
Operating Profit 3 5 2
OPM % 6% 9% 4%
2 0 1
Interest 1 1 0
Depreciation 2 2 2
Profit before tax 2 2 0
Tax % 0% 0% 0%
2 2 0
EPS in Rs 1.49 1.11 0.16
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
59 66 80 66 92 108
56 63 79 63 86 102
Operating Profit 2 2 2 3 6 6
OPM % 4% 4% 2% 4% 7% 6%
0 0 0 1 2 1
Interest 1 1 1 1 3 2
Depreciation 1 1 1 1 4 4
Profit before tax 1 1 0 1 1 2
Tax % 31% 17% 32% 47% 30% 43%
1 1 0 1 1 1
EPS in Rs 1.92 0.88 0.73
Dividend Payout % 0% 0% 0% 0% 0% 68%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 10%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 59%
TTM: 14%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 3%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 2 2 3 3 11 15
Reserves 11 12 17 22 14 36
8 5 13 22 19 8
4 4 6 8 27 22
Total Liabilities 25 22 38 54 71 81
6 6 7 27 24 23
CWIP 0 0 4 0 0 1
Investments 0 0 0 0 0 0
19 16 27 27 46 57
Total Assets 25 22 38 54 71 81

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -6 4 5 -10
-0 -6 -17 1 -5
-4 13 12 -6 15
Net Cash Flow 0 0 -0 -1 -0

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 44 54 46 43 56 55
Inventory Days 64 29 53 71 129 133
Days Payable 16 12 24 41 124 86
Cash Conversion Cycle 93 70 76 73 61 102
Working Capital Days 82 59 84 96 71 106
ROCE % 9% 4% 5% 9% 7%

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025
67.08% 67.08%
0.69% 0.00%
32.23% 32.92%
No. of Shareholders 1,6831,463

* 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

No data available.