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Deep Polymers Overview

Deep Polymers Ltd manufactures and sells filler masterbatches and components in India. The company offers a number of antifab fillers, together with white, herbal, coloured tinge, and fantastic brightener fillers, as well as method modifiers. Its products are used in PP/PE/HDPE/LDPE/LLDPE woven sacks and moulding commercial applications. Deep Polymers Ltd was founded in 2004 and is based in Gandhinagar, India.

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Deep Polymers Key Financials

Market Cap ₹99 Cr.

Stock P/E 19

P/B 1.1

Current Price ₹40.8

Book Value ₹ 38.7

Face Value 10

52W High ₹67.5

Dividend Yield 0%

52W Low ₹ 28.4

Deep Polymers Share Price

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Volume
Price

Deep Polymers Quarterly Price

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Deep Polymers Peer Comparison

Deep Polymers Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 30 26 23 26 28 25 23 23 25 26
Other Income 0 0 1 1 1 1 1 1 1 1
Total Income 30 27 24 27 28 26 23 24 26 26
Total Expenditure 28 24 19 23 24 21 20 19 23 22
Operating Profit 3 3 5 4 4 4 4 4 4 5
Interest 0 0 0 2 0 0 0 1 0 1
Depreciation 0 0 1 2 1 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 4 0 2 3 2 1 2 2
Provision for Tax -0 1 1 -1 1 1 0 1 1 1
Profit After Tax 2 1 3 1 2 2 1 0 1 2
Adjustments 0 -0 0 -0 0 0 0 0 0 0
Profit After Adjustments 2 1 3 1 2 2 1 0 1 2
Adjusted Earnings Per Share 0.9 0.5 1.2 0.5 0.6 0.8 0.6 0.2 0.6 0.7

Deep 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 40 36 42 40 40 33 40 138 120 105 98 97
Other Income 1 0 0 1 2 1 1 2 2 2 3 4
Total Income 41 36 43 41 43 34 40 139 122 107 101 99
Total Expenditure 38 35 39 37 37 31 37 119 105 93 85 84
Operating Profit 3 1 4 4 6 3 3 20 18 15 16 17
Interest 1 1 1 1 0 0 0 3 2 3 2 2
Depreciation 1 1 1 1 1 0 0 2 2 4 6 8
Exceptional Income / Expenses 0 -0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 -0 2 3 5 2 2 15 13 8 8 7
Provision for Tax 0 -0 1 1 1 1 1 4 4 1 3 3
Profit After Tax 1 -0 1 2 3 2 2 11 9 7 5 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 -0 1 2 3 2 2 11 9 7 5 4
Adjusted Earnings Per Share 0.7 -0.2 0.7 1.2 1.6 0.7 0.9 4.8 4.1 3 2.2 2.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -7% -11% 24% 9%
Operating Profit CAGR 7% -7% 40% 18%
PAT CAGR -29% -23% 20% 17%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -13% -26% 2% NA%
ROE Average 6% 10% 13% 10%
ROCE Average 8% 10% 14% 12%

Deep 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 10 14 16 18 24 25 27 58 67 85 90
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6 1 4 4 2 0 0 47 48 32 30
Other Non-Current Liabilities 0 -0 -0 -0 -0 0 0 0 0 -1 -0
Total Current Liabilities 13 12 13 9 5 2 4 10 20 19 18
Total Liabilities 29 28 32 31 31 28 32 115 135 135 138
Fixed Assets 6 5 4 4 3 3 3 13 14 41 43
Other Non-Current Assets 4 4 4 4 1 1 6 21 38 33 46
Total Current Assets 19 19 24 23 27 24 23 81 84 61 49
Total Assets 29 28 32 31 31 28 32 115 135 135 138

Deep 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 0 0 0 0 0 0 0 1 3 2 6
Cash Flow from Operating Activities 2 -1 -3 1 -6 -0 2 -3 12 35 20
Cash Flow from Investing Activities -0 -0 -0 -0 1 -1 -1 -12 -13 -24 -22
Cash Flow from Financing Activities -2 2 3 -0 5 1 -0 16 -0 -7 -4
Net Cash Inflow / Outflow 0 0 -0 0 0 -0 1 2 -1 4 -6
Closing Cash & Cash Equivalent 0 0 0 0 0 0 1 3 2 6 0

Deep 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) 0.66 -0.18 0.71 1.16 1.62 0.73 0.88 4.82 4.1 2.95 2.15
CEPS(Rs) 1.71 0.3 1.15 1.51 1.91 0.95 1.08 5.74 4.97 4.41 4.84
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 9.18 7.84 8.55 9.74 11.56 12.26 13.14 25.11 29.16 35.27 37.39
Core EBITDA Margin(%) 5.75 2.86 7.58 7.19 8.78 5.85 5.83 13.37 12.94 11.85 13.84
EBIT Margin(%) 4.79 0.72 6.38 8.78 12.55 7.69 6.17 13.02 12.99 10.52 10.05
Pre Tax Margin(%) 2.41 -1.36 4.61 7.26 11.35 6.38 6.09 11.12 11.17 7.8 7.98
PAT Margin (%) 1.66 -0.99 3.01 5.3 8.35 4.61 4.59 8.07 7.82 6.77 5.3
Cash Profit Margin (%) 4.45 1.56 4.96 7 9.79 5.97 5.63 9.6 9.49 10.11 11.91
ROA(%) 2.47 -1.25 4.25 6.6 10.82 5.13 6.1 15.12 7.53 5.29 3.81
ROE(%) 7.21 -2.94 8.49 12.53 16.1 6.13 6.91 26.11 15.1 9.37 5.92
ROCE(%) 9.89 1.26 11.48 12.95 17.68 9.08 9.11 27.08 14.04 9.28 8.04
Receivable days 103.32 133.21 115.46 162.52 183.71 218.43 170.64 83.97 115.63 102.13 95.58
Inventory Days 28.74 31.84 45.9 41.33 32.88 51.88 34.31 31.81 80.85 97.1 83.18
Payable days 74.57 90.99 67.76 52.68 25.56 17.01 27.13 18.62 33.8 49.65 48.53
PER(x) 0 0 0 0 18.03 68.92 40.32 35.83 21.08 28.97 17.34
Price/Book(x) 0 0 0 0 2.53 4.1 2.69 6.88 2.96 2.43 1
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.25 0.22 0.26 0.51 1.62 3.2 1.82 3.21 2.06 2.25 1.26
EV/Core EBITDA(x) 3.34 6.6 3.07 4.91 11.6 35.36 25.24 22.09 14.14 16.2 7.59
Net Sales Growth(%) 16.59 -11.24 18.45 -6.33 1.58 -18.64 20.88 246.28 -12.5 -12.6 -6.75
EBIT Growth(%) 449.84 -86.69 951.82 28.94 45.18 -50.16 -3.05 631.16 -12.51 -29.2 -11.15
PAT Growth(%) 285.94 -152.81 461.54 64.68 60.07 -55.08 20.34 509.28 -15.09 -24.32 -27.19
EPS Growth(%) 302.45 -127.54 487.36 64.33 40.21 -55.08 20.33 449.58 -15.09 -27.91 -27.19
Debt/Equity(x) 1.01 0.49 0.64 0.58 0.21 0.04 0 0.82 0.76 0.42 0.37
Current Ratio(x) 1.49 1.56 1.81 2.48 5.84 10.05 5.39 7.88 4.21 3.3 2.68
Quick Ratio(x) 1.31 1.23 1.3 2.23 4.78 8.25 4.67 5.85 2.57 2.02 1.53
Interest Cover(x) 2.01 0.35 3.6 5.78 10.44 5.86 82.05 6.87 7.13 3.87 4.86
Total Debt/Mcap(x) 0 0 0 0 0.08 0.01 0 0.12 0.26 0.17 0.38

Deep Polymers Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 64.59 64.59 64.59 64.59 64.6 64.6 65.26 65.5 65.57 65.84
FII 0 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
DII 0 0 0 0 0 0 0 0 0 0
Public 35.41 35.37 35.37 35.37 35.37 35.36 34.7 34.47 34.4 34.12
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Deep Polymers News

Deep Polymers Pros & Cons

Pros

  • Debtor days have improved from 49.65 to 48.53days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
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