Plastic Products · Founded 1994 · www.planterspolysacks.com · BSE 523105 · · ISIN INE293E01031
No Notes Added Yet
Business
Cropster Agro Ltd. is an Indian company operating in the Plastic Products sector, specializing in goods primarily for the agriculture industry, as indicated by "Agro" in its name. Its core business model likely involves manufacturing and selling a range of plastic products essential for modern farming practices. This could include items such as irrigation pipes, drip irrigation systems, mulching films, greenhouse films, protective coverings, agricultural packaging, or other plastic components used in farming. The company makes money through the sales of these manufactured plastic products to farmers, agricultural distributors, and potentially government agencies promoting agricultural efficiency.
Revenue Mix
Specific revenue mix and business segments are not publicly available. However, based on the company name and industry, potential product segments likely include:
Irrigation Solutions: Drip irrigation components, HDPE/PVC pipes.
Protective Cultivation: Greenhouse films, shade nets, low tunnels.
Crop Management: Mulching films, crop covers.
Agricultural Packaging: Bags, containers for produce.
Without financial data, the contribution of each potential segment cannot be determined.
Industry
The plastic products industry in India is diverse and fragmented, with numerous players ranging from large corporations to small and medium-sized enterprises. The segment catering to agriculture, while growing, is also competitive. Cropster Agro Ltd. likely positions itself within this niche by focusing on specific agricultural applications, potentially emphasizing product quality, durability, cost-effectiveness, or a strong distribution network tailored for rural markets. Its competitive standing relative to peers would depend on its market share within its specific product lines, brand recognition among farmers, and technological capabilities.
MOAT
A strong, durable competitive advantage (moat) for Cropster Agro Ltd. is not readily apparent from the limited information. Potential sources of a moat, if developed, could include:
Distribution Network: A robust and efficient supply chain reaching remote agricultural areas.
Niche Specialization: Expertise in specific, high-quality, or specialized plastic products for unique agricultural needs.
Cost Advantage: Efficient manufacturing processes leading to lower production costs.
Brand Reputation: Trust among farmers for product reliability and service.
However, the commodity nature of some plastic products means competition can be high, and switching costs for customers are often low unless integrated systems are offered.
Growth Drivers
Key factors that can drive growth for Cropster Agro Ltd. over the next 3-5 years include:
Modernization of Agriculture: Increasing adoption of advanced farming techniques (e.g., drip irrigation, protected cultivation) in India.
Government Initiatives: Policy support and subsidies for efficient water use, crop protection, and agricultural infrastructure development.
Rising Food Demand: Growth in population and income driving demand for higher agricultural output and improved produce quality.
Replacement Demand: Need to replace worn-out or outdated plastic agricultural equipment.
Expansion into New Geographies/Products: Diversification within the agricultural plastics segment or into new regions.
Risks
Cropster Agro Ltd. faces several key business risks:
Raw Material Price Volatility: Plastic products are highly dependent on crude oil derivatives (polymers). Fluctuations in crude oil prices can significantly impact manufacturing costs and margins.
Intense Competition: The fragmented nature of the industry can lead to pricing pressures and margin erosion.
Monsoon & Agricultural Cycles: Performance is tied to agricultural prosperity, which is heavily influenced by monsoon patterns and crop yields.
Regulatory Changes: Environmental regulations regarding plastic usage, waste management, and recycling could impact production processes and product demand.
Technological Obsolescence: Rapid advancements in materials science or farming techniques could render current products less competitive.
Economic Downturn: Reduced farmer income or investment capacity could negatively affect demand.
Management & Ownership
Specific details regarding the promoters, management quality, and ownership structure of Cropster Agro Ltd. are not publicly available. In the Indian context, companies of this nature are often promoter-driven, meaning the founding family or individuals likely hold a significant ownership stake and play a crucial role in strategic decision-making and day-to-day operations.
Outlook
Cropster Agro Ltd. operates in a sector with fundamental long-term growth drivers, primarily the ongoing modernization and intensification of Indian agriculture. Government focus on water efficiency and crop yield improvement provides a conducive environment for demand for agricultural plastic products. However, the company is exposed to significant industry-specific risks, notably the volatility of raw material prices and intense competition. Its ability to carve out a strong niche, maintain cost efficiency, and adapt to evolving agricultural needs and regulatory landscapes will be crucial for its sustained performance. Investment in distribution, product innovation, and operational excellence will likely determine its success in navigating these challenges and capitalizing on market opportunities.
| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 27 | 40 | 48 | 51 | 56 | 51 | 52 | 54 | 18 | 55 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 28 | 40 | 48 | 51 | 56 | 51 | 53 | 54 | 18 | 55 |
| Total Expenditure | 22 | 37 | 44 | 47 | 52 | 47 | 48 | 50 | 16 | 49 |
| Operating Profit | 5 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 2 | 5 |
| 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 | 5 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 2 | 5 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 1 | 5 |
| Adjustments | 0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 | 0 | 0 |
| Profit After Adjustments | 5 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 1 | 5 |
| Adjusted Earnings Per Share | 0.1 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0.1 | 0 | 0.1 |
| #(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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61 | 194 | 179 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61 | 195 | 180 |
| Total Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50 | 181 | 163 |
| Operating Profit | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 11 | 13 | 15 |
| Interest | 0 | 0 | 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 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 11 | 13 | 15 |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 11 | 13 | 14 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 11 | 13 | 14 |
| Adjusted Earnings Per Share | -0.1 | -0.1 | -0.1 | -0.1 | -0.1 | -0.2 | -0.2 | -0.2 | -0.3 | 0.1 | 0.2 | 0.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 218% | 0% | 0% | 0% |
| Operating Profit CAGR | 18% | 0% | 0% | 0% |
| PAT CAGR | 18% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -92% | -34% | -11% | -4% |
| ROE Average | 18% | 27% | 16% | 7% |
| ROCE Average | 16% | 18% | 11% | -236% |
| #(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 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | 59 | 108 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 5 | 3 |
| Total Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 | 111 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Total Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 | 92 |
| Total Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 | 111 |
| #(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 | 0 | 0 | 0 | 0 |
| Cash Flow from Operating Activities | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -36 | -36 |
| Cash Flow from Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 |
| Cash Flow from Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 36 | 36 |
| Net Cash Inflow / Outflow | -0 | -0 | 0 | -0 | -0 | -0 | 0 | 0 | 0 | 0 | 1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| # | 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) | -0.08 | -0.08 | -0.08 | -0.09 | -0.1 | -0.15 | -0.16 | -0.17 | -0.28 | 0.14 | 0.15 |
| CEPS(Rs) | -0.08 | -0.08 | -0.08 | -0.09 | -0.1 | -0.15 | -0.16 | -0.17 | -0.28 | 0.14 | 0.15 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | -0.22 | -0.3 | -0.39 | -0.48 | -0.58 | -0.73 | -0.89 | -1.06 | -1.34 | 0.47 | 1.28 |
| Core EBITDA Margin(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.14 | 6.74 |
| EBIT Margin(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.29 | 6.91 |
| Pre Tax Margin(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.29 | 6.91 |
| PAT Margin (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.53 | 6.69 |
| Cash Profit Margin (%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.53 | 6.69 |
| ROA(%) | -133.37 | -794.21 | -845.55 | -1029.83 | -1676.19 | -2830.1 | -3081.63 | -3113.73 | -325.52 | 33.52 | 14.86 |
| ROE(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61.91 | 18.19 |
| ROCE(%) | -183.22 | -2468.58 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38.28 | 16.08 |
| Receivable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 190.38 | 84.64 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46.46 | 10.46 |
| Payable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.26 | 6.51 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 108.03 | 133.23 |
| Price/Book(x) | 0 | -13.94 | -7.73 | -4.87 | -2.21 | 0 | -2.28 | -4.55 | -4.61 | 32.91 | 16.04 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.93 | 8.91 |
| EV/Core EBITDA(x) | -6.6 | -53.52 | -40.49 | -30.35 | -18.58 | -6.9 | -18.58 | -34.06 | -24.28 | 103.47 | 128.9 |
| Net Sales Growth(%) | -100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 220.03 |
| EBIT Growth(%) | -241.31 | -2.41 | 1.83 | -11.58 | -7.39 | -52.27 | -2.49 | -10.54 | -48.41 | 0 | 20.84 |
| PAT Growth(%) | -307.84 | -2.37 | 1.8 | -11.6 | -7.36 | -52.24 | -2.54 | -10.75 | -60.97 | 9217.48 | 22.11 |
| EPS Growth(%) | -2172.5 | -2.41 | 1.88 | -11.64 | -7.31 | -52.3 | -2.57 | -10.71 | -61.01 | 151.06 | 9.02 |
| Debt/Equity(x) | -1.03 | -1 | -1 | -1 | -1 | -0.98 | -0.98 | -0.98 | -0.06 | 0 | 0 |
| Current Ratio(x) | 2.12 | 0.96 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.22 | 0.04 | 13.15 | 29.68 |
| Quick Ratio(x) | 2.12 | 0.96 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.22 | 0.04 | 11.55 | 28.58 |
| Interest Cover(x) | -1553.17 | -3098.07 | -1520.71 | -1111.83 | -1775.87 | -2704.08 | -1191.4 | -361.5 | -11.41 | 0 | 4193.88 |
| Total Debt/Mcap(x) | 0 | 0.07 | 0.13 | 0.21 | 0.45 | 0 | 0.43 | 0.22 | 0.01 | 0 | 0 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 2.5 | 2.5 | 2.8 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.5 | 2.5 | 2.8 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +218% | — | — | — |
| Operating Profit CAGR | +18% | — | — | — |
| PAT CAGR | +18% | — | — | — |
| Share Price CAGR | -92% | -34% | -11% | -4% |
| ROE Average | +18% | +27% | +16% | +7% |
| ROCE Average | +16% | +18% | +11% | -236% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 2.5 | 2.5 | 2.8 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2.5 | 2.5 | 2.8 | 84 | 84 | 84 | 84 | 84 | 84 | 84 |
* The pros and cons are machine generated.
Our experts help you choose the right stocks based on performance, risk, and growth potential.
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
Your relationship manager will connect with you shortly.