SPP Polymer Ltd

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

₹ 11.8 4.89%
09 Oct - 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 ₹ 18.2 Cr.
  • Current Price ₹ 11.8
  • High / Low ₹ 18.2 / 10.3
  • Stock P/E
  • Book Value ₹ 30.0
  • Dividend Yield 0.00 %
  • ROCE -5.50 %
  • ROE -8.56 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 0.39 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -1.83% over last 3 years.
  • Debtor days have increased from 62.1 to 75.0 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

Part of Nifty SME Emerge

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Half Yearly Results

Figures in Rs. Crores

Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
51 54 54 54 57
48 50 51 54 60
Operating Profit 3 4 2 0 -3
OPM % 6% 7% 3.8% 0.2% -4.8%
2 1 1 1 2
Interest 1 1 0 0 1
Depreciation 2 2 2 2 2
Profit before tax 2 2 0 -1 -3
Tax % 0% 32% 76% 0% -1%
2 1 0 -1 -3
EPS in Rs 1.49 0.75 0.04 -0.62 -2.08
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
59 66 80 66 92 108 111
56 63 79 63 86 102 113
Operating Profit 2 2 2 3 6 6 -3
OPM % 3.7% 3.6% 1.9% 4.0% 7% 6% -2.4%
0 0 0 1 2 1 3
Interest 1 1 1 1 3 2 1
Depreciation 1 1 1 1 4 4 3
Profit before tax 1 1 0 1 1 2 -4
Tax % 31% 17% 32% 47% 27% 43% -0%
1 1 0 1 1 1 -4
EPS in Rs 1.92 0.93 0.73 -2.70
Dividend Payout % 0% 0% 0% 0% 0% 68% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 19%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -468%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -29%
Return on Equity
10 Years: %
5 Years: -1%
3 Years: -2%
Last Year: -9%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 2 2 3 3 11 15 15
Reserves 11 12 17 22 14 36 31
8 5 13 22 19 8 13
4 4 6 8 27 22 23
Total Liabilities 25 22 38 54 71 81 82
6 6 7 27 24 23 20
CWIP 0 0 4 0 0 1 0
Investments 0 0 0 0 0 0 0
19 16 27 27 46 57 61
Total Assets 25 22 38 54 71 81 82

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4 -6 4 6 -10 2
-0 -6 -17 -2 -5 0
-4 13 12 -5 15 -2
Net Cash Flow 0 0 -0 -1 -0 0
Free Cash Flow 4 -13 -14 5 -12 1
CFO/OP 200% -397% 149% 105% -158% -95%

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 44 54 46 43 56 55 75
Inventory Days 64 29 53 71 129 133 118
Days Payable 16 12 24 41 124 86 81
Cash Conversion Cycle 93 70 76 73 61 102 112
Working Capital Days 31 35 29 34 30 81 73
ROCE % 9% 4% 5% 9% 7% -6%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Installed Capacity - HDPE/PP Woven Fabric & Bags
MT

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Installed Capacity - Non-Woven Fabric
MT
Domestic Revenue Share
%
Export Revenue Share
%
Production Volume - HDPE/PP Woven Fabric & Bags
MT
Production Volume - Non-Woven Fabric
MT
Number of Permanent Employees
count
Number of Circular Looms
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2024Mar 2025Sep 2025Mar 2026
67.08% 67.08% 67.08% 67.08%
0.69% 0.00% 0.00% 0.00%
32.23% 32.92% 32.92% 32.92%
No. of Shareholders 1,6831,4631,3821,294

* 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

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