SPP Polymer Ltd

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

SPP Polymer Ltd

₹ 16.5 4.76%
10 Feb - close price
spppolymer.com NSE - SME: SPPPOLY
About

Incorporated in 2004, SPP Polymers Ltd manufactures woven and non-woven fabrics and bags[1]

Key Points

Business Overview:[1][2]
a) SPPPL is in the business of manufacturing:
- HDPE/PP woven fabric & bags
- Non-woven fabrics & bags
- PP Multi filament yarn.
b) The company offers packaging solutions to the B2B manufacturers catering to various industries
c) It manufactures products based on customer orders to meet specific requirements.
d) Raw materials are sourced only from reliable vendors and undergo thorough testing in the company’s laboratory before being used in production.

Website NSE - SM
  • Market Cap ₹ 25.4 Cr.
  • Current Price ₹ 16.5
  • High / Low ₹ 25.6 / 13.2
  • Stock P/E
  • Book Value ₹ 32.1
  • Dividend Yield 3.03 %
  • ROCE 7.02 %
  • ROE 2.96 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.51 times its book value
  • Stock is providing a good dividend yield of 3.03%.

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 3.13% over last 3 years.
  • Earnings include an other income of Rs.1.51 Cr.
  • Working capital days have increased from 48.3 days to 80.9 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 Packaging

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Half Yearly Results

Figures in Rs. Crores

Mar 2024 Sep 2024 Mar 2025 Sep 2025
51 54 54 54
48 50 51 54
Operating Profit 3 4 2 0
OPM % 6% 7% 4% 0%
2 1 1 1
Interest 1 1 0 0
Depreciation 2 2 2 2
Profit before tax 2 2 0 -1
Tax % 0% 32% 76% 0%
2 1 0 -1
EPS in Rs 1.49 0.75 0.04 -0.62
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
59 66 80 66 92 108 107
56 63 79 63 86 102 105
Operating Profit 2 2 2 3 6 6 2
OPM % 4% 4% 2% 4% 7% 6% 2%
0 0 0 1 2 1 2
Interest 1 1 1 1 3 2 1
Depreciation 1 1 1 1 4 4 4
Profit before tax 1 1 0 1 1 2 -1
Tax % 31% 17% 32% 47% 27% 43%
1 1 0 1 1 1 -1
EPS in Rs 1.92 0.93 0.73 -0.58
Dividend Payout % 0% 0% 0% 0% 0% 68%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 10%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 16%
3 Years: 59%
TTM: -132%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -36%
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 Sep 2025
Equity Capital 2 2 3 3 11 15 15
Reserves 11 12 17 22 14 36 34
8 5 13 22 19 8 11
4 4 6 8 27 22 20
Total Liabilities 25 22 38 54 71 81 80
6 6 7 27 24 23 22
CWIP 0 0 4 0 0 1 0
Investments 0 0 0 0 0 0 0
19 16 27 27 46 57 58
Total Assets 25 22 38 54 71 81 80

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -6 4 6 -10
-0 -6 -17 -2 -5
-4 13 12 -5 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 31 35 29 34 30 81
ROCE % 9% 4% 5% 9% 7%

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025Sep 2025
67.08% 67.08% 67.08%
0.69% 0.00% 0.00%
32.23% 32.92% 32.92%
No. of Shareholders 1,6831,4631,382

* 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