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Pankaj Polymers Overview

1. Business Overview

Pankaj Polymers Ltd. (PANKAJ POLY.) operates in the Plastic Products sector in India. Its core business involves the manufacturing and sale of various plastic products. While specific product lines are not detailed, companies in this industry typically produce items for packaging, construction, automotive, agriculture, consumer goods, or industrial applications. The company generates revenue by supplying these plastic products to its customer base, which can include B2B clients, other manufacturers, or distributors.

2. Key Segments / Revenue Mix

Information on specific business segments or a detailed revenue mix for Pankaj Polymers Ltd. is not explicitly provided. In the broader plastic products industry, companies often segment their operations by product type (e.g., films, pipes, molded components, specialty plastics) or by end-user industry (e.g., packaging for FMCG, components for automotive, pipes for construction).

3. Industry & Positioning

Pankaj Polymers Ltd. operates within the Indian plastic products industry, which is generally characterized by a mix of large integrated players and numerous small to medium-sized enterprises. The industry is closely linked to India's economic growth, infrastructure development, and consumer spending. Without specific market share data, Pankaj Polymers Ltd. is likely positioned as a regional or mid-sized player within this competitive and often fragmented market. The industry faces evolving demands for sustainability and product innovation.

4. Competitive Advantage (Moat)

Based solely on the provided information, no specific durable competitive advantages or "moats" for Pankaj Polymers Ltd. can be identified. In the plastic products industry, potential moats can include significant economies of scale, proprietary manufacturing processes, strong customer relationships leading to high switching costs, efficient supply chain management, or a powerful brand in a specific niche. However, these are not confirmed for Pankaj Polymers Ltd.

5. Growth Drivers

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

India's Economic Growth: Sustained GDP growth in India drives demand across various end-user industries for plastic products.

Urbanization and Consumption: Increasing disposable incomes and urbanization lead to higher demand for packaged goods, consumer durables, and infrastructure, all requiring plastic components.

Infrastructure Development: Government spending on infrastructure, construction, and agriculture creates demand for plastic pipes, films, and other building materials.

Product Diversification/Innovation: Successful introduction of new or specialized plastic products, or expansion into higher-value applications.

Efficiency Improvements: Enhanced manufacturing efficiency and cost optimization can boost profitability and competitiveness.

6. Risks

Key business risks for Pankaj Polymers Ltd. include:

Raw Material Price Volatility: Plastic products are highly dependent on polymer resins, whose prices are often linked to crude oil, leading to significant cost fluctuations.

Environmental Regulations: Increasing government scrutiny and regulations regarding plastic waste, single-use plastics, and recycling initiatives could impact business models and operational costs.

Intense Competition: The fragmented nature of the industry leads to price pressures and challenges in maintaining market share.

Economic Downturn: A slowdown in the Indian economy or key end-user sectors could reduce demand for plastic products.

Technological Obsolescence: Failure to adapt to new manufacturing technologies or sustainable material alternatives could put the company at a disadvantage.

7. Management & Ownership

Specific details regarding the promoters, management quality, or precise ownership structure of Pankaj Polymers Ltd. are not provided. In India, companies like Pankaj Polymers Ltd. are typically promoted and controlled by founding families or groups, with professional management overseeing day-to-day operations.

8. Outlook

Pankaj Polymers Ltd. operates in a sector with inherent growth potential driven by India's robust economic expansion and increasing consumption. The demand for plastic products across various applications, from packaging to infrastructure, is likely to remain strong. However, the company faces significant challenges, particularly the volatility of raw material prices, intense competition, and the evolving regulatory landscape surrounding environmental concerns and plastic waste management. Its future performance will depend on its ability to effectively manage input costs, innovate its product offerings, adhere to environmental standards, and maintain operational efficiency within a dynamic and competitive market.

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Pankaj Polymers Key Financials

Market Cap ₹37 Cr.

Stock P/E -287.3

P/B 2.8

Current Price ₹67.1

Book Value ₹ 23.5

Face Value 10

52W High ₹76

Dividend Yield 0%

52W Low ₹ 14.7

Pankaj Polymers Share Price

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Volume
Price

Pankaj Polymers Quarterly Price

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Pankaj Polymers Peer Comparison

Pankaj Polymers Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 0 0 0 0 0 1 0 0 0 1
Other Income 0 0 0 0 0 0 0 2 0 1
Total Income 0 0 1 0 1 1 1 3 0 1
Total Expenditure 0 0 0 0 0 1 1 0 0 1
Operating Profit 0 0 0 0 0 0 -0 2 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 -0 2 0 0
Provision for Tax 0 -0 -0 -0 0 -0 0 -0 0 0
Profit After Tax 0 -0 -0 -0 -0 -0 -0 2 0 0
Adjustments 0 -0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 -0 -0 -0 -0 -0 2 0 0
Adjusted Earnings Per Share 0 -0.1 -0.1 -0.1 -0 -0 -0.3 4.1 0 0.2

Pankaj 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 34 8 6 5 1 1 1 2 2 2 1 1
Other Income 2 0 3 1 0 4 1 1 1 1 1 3
Total Income 36 8 8 6 1 5 2 3 3 3 2 5
Total Expenditure 34 8 6 5 2 2 2 3 2 2 2 2
Operating Profit 2 0 2 1 -1 3 0 0 1 0 0 2
Interest 1 1 0 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 0 -1 1 0 -1 3 0 0 0 -0 -0 2
Provision for Tax -0 0 0 0 -0 -0 0 0 0 -0 -0 0
Profit After Tax 0 -1 1 0 -1 3 -0 -0 0 -0 -0 2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -1 1 0 -1 3 -0 -0 0 -0 -0 2
Adjusted Earnings Per Share 0.9 -1.9 1.7 0.1 -1.8 5.3 -0 -0 0.1 -0.2 -0.2 4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -50% -21% 0% -30%
Operating Profit CAGR 0% 0% -100% -100%
PAT CAGR 0% 0% -100% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 277% 120% 79% 25%
ROE Average -1% -1% -0% 2%
ROCE Average 1% 1% 1% 4%

Pankaj 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 9 8 9 9 8 11 11 11 11 11 11
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1 1 0 0 0 0 0 3 2 2 1
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 12 4 3 2 0 1 0 1 1 1 2
Total Liabilities 22 13 12 12 9 13 12 15 14 14 14
Fixed Assets 5 5 4 4 2 2 1 1 1 1 1
Other Non-Current Assets 1 0 1 1 2 3 3 2 11 10 12
Total Current Assets 16 7 7 7 4 8 8 11 2 3 2
Total Assets 22 13 12 12 9 13 12 15 14 14 14

Pankaj 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 3 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 2 3 -1 -0 2 -4 -1 -1 -1 -0 0
Cash Flow from Investing Activities -1 1 2 1 0 4 1 1 1 0 1
Cash Flow from Financing Activities 1 -7 -1 -0 -2 0 -0 -0 -0 0 -1
Net Cash Inflow / Outflow 2 -2 -0 -0 0 0 -0 0 -0 -0 0
Closing Cash & Cash Equivalent 3 0 0 0 0 0 0 0 0 0 0

Pankaj 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) 0.9 -1.86 1.71 0.15 -1.8 5.33 -0.03 -0.04 0.09 -0.23 -0.23
CEPS(Rs) 1.78 -1.09 2.51 0.88 -1.25 5.88 0.21 0.21 0.29 -0.03 -0.07
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 16.5 14.65 16.24 16.46 14.61 20.15 20.36 20.1 20.19 19.93 19.7
Core EBITDA Margin(%) -0.45 1.62 -13.09 -1.78 -110.98 -148.91 -36.33 -42.92 -34.57 -32.54 -40.51
EBIT Margin(%) 3.37 0.03 24.21 8.71 -129.31 419.89 4.65 10.97 22.92 7.22 5.08
Pre Tax Margin(%) 0.59 -11.99 17.11 2.22 -144.66 414.36 1.35 0.23 2.97 -8.06 -9.03
PAT Margin (%) 1.45 -13.06 16.66 1.77 -121.51 434.18 -1.16 -1.17 2.69 -7.25 -8.63
Cash Profit Margin (%) 2.88 -7.68 24.48 10.44 -84.49 478.97 9.41 6.4 9 -0.86 -2.55
ROA(%) 2.37 -5.88 7.58 0.68 -9.64 27.79 -0.12 -0.16 0.33 -0.9 -0.92
ROE(%) 5.36 -11.92 11.08 0.92 -11.59 30.66 -0.13 -0.19 0.43 -1.15 -1.18
ROCE(%) 6.63 0.02 11.99 3.56 -10.82 28.65 0.5 1.5 2.87 0.93 0.58
Receivable days 94.59 269.74 156.11 113.59 350.3 138.59 16.86 29.1 29.94 0 0
Inventory Days 18.69 75.96 76.73 69.6 0 0 0 0 0 0 0
Payable days 30.96 129.27 31.81 29.54 52.04 105.59 69.24 11.87 0 0 30.61
PER(x) 14.5 0 6.28 61.12 0 1.34 0 0 90.53 0 0
Price/Book(x) 0.79 0 0.66 0.56 0.41 0.35 0.17 0.23 0.39 0.42 0.79
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.4 1.1 1.48 1.56 4.14 6.25 1.75 3.24 3.96 3.96 6.96
EV/Core EBITDA(x) 8.24 20.31 4.61 8.96 -4.49 1.35 11.52 17.5 13.53 29.14 62.35
Net Sales Growth(%) 12.65 -77.04 -27.71 -17.89 -82.44 -17.13 85.52 41.27 0.02 -1.15 -14.96
EBIT Growth(%) -4.66 -99.78 0 -70.47 -360.78 369.09 -97.95 233.22 108.95 -68.88 -40.09
PAT Growth(%) 301.67 -306.98 192.17 -91.25 -1302.23 396.11 -100.49 -43.15 329.67 -366.25 -1.25
EPS Growth(%) 301.61 -306.98 192.17 -91.25 -1302.14 396.1 -100.49 -43.35 329.71 -366.17 -1.26
Debt/Equity(x) 0.99 0.42 0.28 0.25 0.02 0.05 0.03 0.3 0.25 0.22 0.17
Current Ratio(x) 1.31 2 2.55 3.05 20.17 7.58 32.21 14.59 3.84 2.18 0.98
Quick Ratio(x) 1.16 1.6 2.21 2.71 20.17 7.58 32.21 14.59 3.84 2.18 0.98
Interest Cover(x) 1.21 0 3.41 1.34 -8.42 75.9 1.41 1.02 1.15 0.47 0.36
Total Debt/Mcap(x) 1.26 0 0.42 0.44 0.05 0.13 0.19 1.33 0.64 0.53 0.22

Pankaj Polymers Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 57.23 57.23 57.23 57.23 59.05 59.05 58.15 58.15 58.15 46.29
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 42.77 42.77 42.77 42.77 40.95 40.95 41.85 41.85 41.85 53.71
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pankaj Polymers News

Pankaj Polymers Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 46.29%.
  • Company has a low return on equity of -1% over the last 3 years.
  • Debtor days have increased from 0 to 30.61days.
  • Earnings include an other income of Rs. 1 Cr.
  • The company has delivered a poor profit growth of -100% over past five years.
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