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Axel Polymers Overview

Axel Polymers Ltd. is a company engaged in the manufacturing and distribution of polymer-based products, primarily focusing on specialty chemicals and additives used in industries like plastics, paints, coatings, adhesives, and textiles. The company produces a range of polymer compounds, resins, and chemical intermediates that enhance the performance and quality of end products across various industrial applications. Axel Polymers Ltd. caters to clients in manufacturing sectors requiring customized polymer solutions, emphasizing research and d...Read More

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Axel Polymers Key Financials

Market Cap ₹46 Cr.

Stock P/E 266.4

P/B 1.8

Current Price ₹42

Book Value ₹ 23.4

Face Value 10

52W High ₹60

Dividend Yield 0%

52W Low ₹ 28.4

Axel Polymers Share Price

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Volume
Price

Axel Polymers Quarterly Price

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Axel Polymers Peer Comparison

Axel Polymers Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 31 39 37 42 14 11 14 12 11 9
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 31 39 37 42 14 11 14 12 11 9
Total Expenditure 30 37 36 42 14 11 11 11 10 9
Operating Profit 1 1 1 0 0 0 3 1 1 0
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 0 -1 -1 -1 2 0 0 -1
Provision for Tax 0 0 1 0 0 0 0 0 0 0
Profit After Tax 0 1 -0 -1 -1 -1 2 0 0 -1
Adjustments 0 0 0 0 -0 0 0 0 0 0
Profit After Adjustments 1 1 -0 -1 -1 -1 2 0 0 -1
Adjusted Earnings Per Share 0.6 0.8 -0.1 -0.6 -0.9 -0.9 2.6 0.1 0 -0.6

Axel Polymers Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 16 19 22 27 24 23 23 73 83 128 78 46
Other Income 0 0 0 0 0 0 0 1 0 0 0 0
Total Income 16 19 22 27 24 23 23 73 83 128 78 46
Total Expenditure 15 17 21 26 23 22 21 69 78 122 74 41
Operating Profit 1 1 1 1 2 1 2 5 5 6 4 5
Interest 1 1 1 1 1 1 1 3 3 3 3 4
Depreciation 0 0 0 0 0 0 0 0 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 0 0 0 0 1 2 2 0 1
Provision for Tax 0 0 0 0 -0 -0 -0 0 1 1 0 0
Profit After Tax 0 0 0 0 0 0 0 1 1 2 0 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 0 0 1 1 2 0 1
Adjusted Earnings Per Share 0.3 0.4 0.5 0.5 1.1 0.2 0.4 1.1 1.4 1.8 0.2 2.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -39% 2% 28% 17%
Operating Profit CAGR -33% -7% 32% 15%
PAT CAGR -100% -100% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 42% -2% 26% 28%
ROE Average 1% 7% 9% 13%
ROCE Average 8% 11% 13% 14%

Axel Polymers Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 1 1 1 2 2 2 12 14 15 15
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 1 1 1 0 1 5 6 7 6
Other Non-Current Liabilities 4 5 5 5 3 3 3 0 -0 0 0
Total Current Liabilities 10 7 7 8 8 10 15 38 35 42 46
Total Liabilities 15 13 14 15 14 16 22 55 55 65 67
Fixed Assets 3 3 4 4 4 4 3 8 9 10 10
Other Non-Current Assets 1 1 2 2 1 1 1 3 3 3 3
Total Current Assets 12 10 8 10 9 11 17 44 43 52 54
Total Assets 15 13 14 15 14 16 22 55 55 65 67

Axel Polymers Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 1 0 0 0 0 1 0 1 1
Cash Flow from Operating Activities 0 -2 1 -1 1 1 -0 3 6 3 -4
Cash Flow from Investing Activities -0 0 -1 -0 -1 -0 -0 -0 -2 -2 -1
Cash Flow from Financing Activities -0 1 -1 1 -1 -1 0 -3 -4 -2 6
Net Cash Inflow / Outflow -0 -0 -0 0 -0 0 -0 0 1 -0 1
Closing Cash & Cash Equivalent 1 0 0 0 0 0 -0 1 1 1 2

Axel Polymers Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.29 0.36 0.5 0.54 1.09 0.22 0.44 1.08 1.39 1.83 0.2
CEPS(Rs) 1.41 0.93 1 1.19 1.86 1.06 1.3 1.64 2.02 2.65 0.86
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1.99 2.35 2.81 3.4 4.49 4.63 5.11 14.47 15.89 17.6 17.78
Core EBITDA Margin(%) 8.01 5.7 4.61 4.74 6.82 6.09 6.91 5.64 6.2 4.53 5.08
EBIT Margin(%) 5.54 4.89 4.86 3.92 5.53 4.6 5.37 5.74 5.88 4.01 4.54
Pre Tax Margin(%) 0.69 0.75 1.05 1.03 1.78 0.34 0.54 1.84 2.06 1.79 0.4
PAT Margin (%) 0.69 0.75 0.88 0.84 1.92 0.41 0.82 1.26 1.43 1.22 0.22
Cash Profit Margin (%) 3.36 1.96 1.75 1.85 3.29 2 2.42 1.92 2.09 1.76 0.94
ROA(%) 0.99 1.07 1.61 1.61 3.19 0.62 1 2.38 2.14 2.6 0.26
ROE(%) 13.5 16.36 19.44 17.37 27.57 4.77 9.01 12.62 9.16 10.91 1.15
ROCE(%) 17.83 17.01 17.77 13.74 14.66 11.13 12.12 17 12.63 12.93 7.88
Receivable days 79.72 88.17 47.83 31.23 33.45 30.73 60.67 42.43 42.09 26.54 51.35
Inventory Days 63.86 76.88 72.98 82.24 105.01 127 157.3 98.69 134.69 103.18 184.75
Payable days 122.77 98.81 34.85 23.91 21.88 41.73 104.37 68.68 81.7 60.5 107.19
PER(x) 15.71 11.52 19.76 43.66 12.49 36.76 28.27 46.06 30.32 39.06 200.93
Price/Book(x) 2.29 1.74 3.53 6.92 3.03 1.73 2.43 3.42 2.65 4.05 2.3
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.33 0.35 0.44 0.65 0.55 0.47 0.61 0.92 0.73 0.67 0.85
EV/Core EBITDA(x) 3.58 5.3 6.84 12.85 7.95 7.67 8.76 14.41 11.12 14.64 16.27
Net Sales Growth(%) 191.29 14.43 18.41 22.93 -9.63 -6.05 0.62 216.45 13.35 54.77 -38.96
EBIT Growth(%) 209.74 -0.54 19.32 -8.45 24.14 -21.89 17.44 238.12 16.16 5.62 -31.01
PAT Growth(%) 107 22.38 41.05 7.67 101.81 -80.01 101.57 385.65 29.27 31.39 -88.85
EPS Growth(%) 107 22.36 41.05 7.67 101.82 -80.01 101.6 145.21 29.26 31.39 -88.85
Debt/Equity(x) 5.1 5.4 4.71 5.09 3.91 3.75 3.99 2.1 1.86 1.71 2.25
Current Ratio(x) 1.12 1.46 1.16 1.18 1.11 1.12 1.17 1.17 1.23 1.23 1.19
Quick Ratio(x) 0.68 0.85 0.36 0.37 0.25 0.26 0.41 0.42 0.3 0.29 0.32
Interest Cover(x) 1.14 1.18 1.27 1.36 1.48 1.08 1.11 1.47 1.54 1.8 1.1
Total Debt/Mcap(x) 2.23 3.1 1.34 0.74 1.29 2.17 1.65 0.61 0.7 0.42 0.98

Axel Polymers Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 61.72 61.26 61.26 61.16 61.16 61.16 61.16 61.16 60.26 46.65
FII 0 0 0 0 0 0 0 0 0 0
DII 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.23 0.18
Public 38.05 38.51 38.51 38.61 38.61 38.61 38.61 38.61 39.5 53.17
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Axel Polymers News

Axel Polymers Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Promoter holding is low: 46.65%.
  • Company has a low return on equity of 7% over the last 3 years.
  • Debtor days have increased from 60.5 to 107.19days.
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