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Deccan Polypacks Overview

1. Business Overview

Deccan Polypacks Ltd. is involved in the manufacturing of plastic products, operating within the Plastic Products sector in India. Given its name "Polypacks," the company's core business likely revolves around producing various types of plastic packaging materials such as woven sacks, films, bags, sheets, or other related poly-based products. Its business model is primarily B2B (business-to-business), supplying these plastic products to a diverse range of end-user industries including agriculture, food processing, textiles, cement, retail, and industrial goods. The company generates revenue by manufacturing and selling these plastic products to its clients.

2. Key Segments / Revenue Mix

Without specific company data, it is inferred that the primary segment is plastic packaging. This could encompass sub-segments like HDPE/PP woven sacks, laminates, flexible packaging films, multi-layer films, or industrial packaging solutions. Due to the lack of publicly available detailed financial reporting, specific revenue contribution from different product lines or segments cannot be provided.

3. Industry & Positioning

The Indian plastic products industry is large, diverse, and highly competitive, characterized by the presence of both large integrated players and numerous small and medium-sized enterprises (SMEs). It is a demand-driven industry, closely linked to the growth of various end-user sectors. Deccan Polypacks Ltd. likely operates within this competitive landscape, serving specific regional markets or niche product requirements. Its positioning relative to larger national or international players would depend on its scale of operations, product specialization, geographic reach, and cost efficiency, which are not specified.

4. Competitive Advantage (Moat)

For a company in the general plastic products manufacturing sector, durable competitive advantages (moats) can be challenging to establish. Potential areas for a moat could include:

Cost Leadership: Achieved through economies of scale, efficient manufacturing processes, and optimized raw material sourcing.

Customer Relationships & Switching Costs: Building strong, long-term relationships with B2B clients, leading to high switching costs due to product customization, supply chain integration, or reliable service.

Niche Specialization: Focusing on high-value or technically complex plastic products where competition is less intense.

Without specific company details, it's difficult to ascertain if Deccan Polypacks Ltd. possesses a strong, sustainable competitive advantage beyond operational execution.

5. Growth Drivers

Key factors that could drive growth for Deccan Polypacks Ltd. over the next 3-5 years include:

Growth of End-User Industries: Continued expansion in sectors like FMCG, agriculture, food processing, e-commerce, and infrastructure development in India will directly fuel demand for plastic packaging and components.

Rising Consumption & Disposable Incomes: Increasing consumer spending and urbanization drive demand for packaged goods, benefiting packaging manufacturers.

Product Diversification & Innovation: Development of new products, introduction of value-added packaging solutions, or entry into new application areas.

Capacity Expansion: Investment in new machinery or expansion of existing facilities to meet growing demand and capture market share.

Focus on Sustainability: Adapting to produce recyclable, biodegradable, or eco-friendly plastic solutions could open new market opportunities.

6. Risks

Raw Material Price Volatility: Plastic products manufacturing heavily relies on polymer resins, whose prices are linked to crude oil. Fluctuations can significantly impact profit margins.

Environmental Regulations: Increasing government scrutiny and potential bans or restrictions on certain plastic products (e.g., single-use plastics) pose a significant regulatory risk.

Intense Competition & Pricing Pressure: The fragmented nature of the industry can lead to price wars, eroding margins, especially for standardized products.

Technological Obsolescence: Failure to adopt new manufacturing technologies or processes can lead to inefficiencies and loss of competitiveness.

Economic Slowdown: A general economic downturn in India could dampen demand from end-user industries.

7. Management & Ownership

Deccan Polypacks Ltd. is typically expected to be a promoter-driven company, common for many small to mid-sized businesses in India. The management is likely led by its founding family or individuals who have a significant ownership stake. The ownership structure would typically see the promoter group holding a majority stake, ensuring control over the company's strategic direction and operations. Specific details regarding the quality of management or the exact ownership structure are not available.

8. Outlook

The outlook for Deccan Polypacks Ltd. is tied to the dynamics of the broader Indian economy and the evolving plastic products industry. The growing domestic consumption, expanding industrial base, and infrastructure development provide a tailwind for demand for plastic packaging and components. The company's ability to capitalize on this growth will depend on its operational efficiency, cost management, and customer relationships. However, significant headwinds exist, primarily stemming from the volatility of raw material prices and the increasing regulatory pressure regarding plastic waste and environmental impact. Adapting to stricter environmental norms, potentially by investing in recycling or sustainable alternatives, will be crucial for long-term viability. The company needs to balance growth opportunities with prudent risk management and possibly product innovation to maintain competitiveness in a challenging yet growing market.

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Deccan Polypacks Key Financials

Market Cap ₹8 Cr.

Stock P/E 8.6

P/B -27.7

Current Price ₹37

Book Value ₹ -1.3

Face Value 10

52W High ₹46.5

Dividend Yield 0%

52W Low ₹ 14.7

Deccan Polypacks Share Price

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Volume
Price

Deccan Polypacks Quarterly Price

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Deccan Polypacks Peer Comparison

Deccan Polypacks 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 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 1 0 0 0
Total Income 0 0 0 0 0 0 1 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 -0 -0 -0 1 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0
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 -0 -0 -0 -0 -0 1 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 -0 -0 -0 -0 -0 1 -0 -0 -0
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments -0 -0 -0 -0 -0 -0 1 -0 -0 -0
Adjusted Earnings Per Share -0 -0.1 -0.1 -0 -0 -0.1 4.4 -1.4 -0.1 -0.1

Deccan Polypacks 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 2 1 0 0 5 0 0 0 0 0 0 0
Other Income 0 0 1 1 0 0 0 1 0 0 1 1
Total Income 2 1 1 1 5 0 0 1 0 0 1 1
Total Expenditure 15 2 1 0 4 0 0 0 0 0 0 0
Operating Profit -14 -1 -0 1 1 -0 0 1 0 -0 1 1
Interest 2 1 1 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -15 -2 -1 0 1 -0 -0 1 0 -0 1 1
Provision for Tax 0 0 0 0 0 -0 0 0 0 0 0 0
Profit After Tax -16 -2 -1 0 1 0 -0 1 0 -0 1 1
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -16 -2 -1 0 1 0 -0 1 0 -0 1 1
Adjusted Earnings Per Share -73.5 -11.4 -4.7 1 3.1 1.2 -0.2 2.4 1.4 -0.2 4.3 2.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% -100%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 152% 55% 70% 21%
ROE Average 0% 0% 0% 0%
ROCE Average 0% 0% 1% -5%

Deccan Polypacks 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 -13 -15 -3 -2 -3 -2 -2 -3 -2 -1 0
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 16 17 4 3 2 2 2 1 1 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 4 5 4 3 3 3 3 2 1 1 0
Total Liabilities 8 6 5 5 3 2 2 0 0 0 0
Fixed Assets 2 1 1 1 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 6 5 3 3 2 2 2 0 0 0 0
Total Assets 8 6 5 5 3 2 2 0 0 0 0

Deccan Polypacks 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 0 0 0 0 2 2 2 0 0 0
Cash Flow from Operating Activities -4 1 1 0 -2 -0 -0 -0 0 0 -0
Cash Flow from Investing Activities -0 0 0 0 5 0 0 1 -0 -0 0
Cash Flow from Financing Activities 3 -1 -1 -1 -1 -0 -0 -3 0 0 0
Net Cash Inflow / Outflow -1 -0 -0 0 2 -0 0 -2 -0 0 0
Closing Cash & Cash Equivalent 0 0 0 0 2 2 2 0 0 0 0

Deccan Polypacks 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) -73.51 -11.44 -4.73 0.97 3.14 1.23 -0.16 2.43 1.4 -0.22 4.28
CEPS(Rs) -72.47 -10.58 -4 1.45 3.23 1.3 -0.08 2.54 1.46 -0.22 4.28
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -59.7 -71.14 -14.37 -10.94 -12.11 -11.16 -9.33 -12.53 -8.29 -6.95 0.26
Core EBITDA Margin(%) -784.43 -178.07 -990.75 0 23.37 0 0 0 0 0 0
EBIT Margin(%) -791.54 -202.95 -369.41 0 26.17 0 0 0 0 0 0
Pre Tax Margin(%) -883.99 -343.76 -857.07 0 24.71 0 0 0 0 0 0
PAT Margin (%) -894.73 -343.76 -857.07 0 14.44 0 0 0 0 0 0
Cash Profit Margin (%) -882.15 -317.96 -724.34 0 14.87 0 0 0 0 0 0
ROA(%) -96.99 -34.39 -17.77 4.33 18.57 10.56 -1.38 37.11 131.22 -46.08 926.51
ROE(%) 0 0 0 0 0 0 0 0 0 0 0
ROCE(%) -127.94 -30.69 -13.89 28.25 85.65 -6.23 4.94 0 0 0 0
Receivable days 539.61 608.96 3324.45 0 0 0 0 0 0 0 0
Inventory Days 2039.84 1687.67 8435.03 0 0 0 0 0 0 0 0
Payable days 118.72 1200.52 446.75 0 0 0 0 0 0 0 0
PER(x) 0 0 0 3.25 0.91 0 0 1.83 6.22 0 3.35
Price/Book(x) -0.06 -0.08 -0.19 -0.29 -0.24 0 -0.32 -0.35 -1.05 -1.46 54.91
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 12.02 29.36 54.44 0 0.32 0 0 0 0 0 0
EV/Core EBITDA(x) -1.38 -15.82 -21.29 6.53 1.2 -150.54 22.89 3.83 8.22 -55.27 3.31
Net Sales Growth(%) -92.35 -56.82 -83.92 -100 0 -100 0 0 0 0 0
EBIT Growth(%) -3213.16 89.62 69.82 258.43 76.15 -103.05 202.72 1340.58 -45.53 -115.42 2085.31
PAT Growth(%) -869.89 84.44 58.66 120.51 223.7 -60.97 -112.97 1626.49 -42.35 -115.49 2076.42
EPS Growth(%) -869.89 84.44 58.66 120.51 223.7 -60.97 -112.97 1626.18 -42.35 -115.49 2076.86
Debt/Equity(x) -1.44 -1.25 -1.81 -2.03 -1.17 -1.32 -1.39 -0.48 -0.41 -0.27 1.45
Current Ratio(x) 1.37 1.02 0.96 1.03 0.76 0.84 0.9 0.15 0.08 0.03 14.42
Quick Ratio(x) 0.6 0.33 0.37 0.4 0.76 0.84 0.9 0.15 0.08 0.03 14.42
Interest Cover(x) -8.56 -1.44 -0.76 1.43 18.01 -0.43 0.53 17.98 2958 -228 9053
Total Debt/Mcap(x) 24.63 16.61 9.27 7.05 4.92 0 4.4 1.35 0.39 0.18 0.03

Deccan Polypacks Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 51.05 51.05 12.93 12.94 12.94 12.94 12.94 12.94 12.94 12.94
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 48.95 48.95 87.07 87.06 87.06 87.06 87.06 87.06 87.06 87.06
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Deccan Polypacks News

Deccan Polypacks Pros & Cons

Pros

  • Stock is trading at -27.7 times its book value

Cons

  • Promoter holding is low: 12.94%.
  • Company has a low return on equity of 0% over the last 3 years.
  • Earnings include an other income of Rs. 1 Cr.
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