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Polson Overview

Polson Limited is a company that was established in 1900 by Mr. Pestonji Edulgi Polson, primarily as a coffee manufacturing company. Polson diversified into other business activities including dairy, agriculture, pharmaceuticals, leather chemicals and real estate. Polson is the pioneer and the largest manufacturer and exporter of vegetable tannin extracts and eco-friendly leather chemicals in Asia. Polson is also involved in the production of edible oils, electric vehicles, plastic granules, lubricants, gold and diamond trading, and software de...Read More

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Polson Key Financials

Market Cap ₹140 Cr.

Stock P/E 26.8

P/B 1.1

Current Price ₹11670

Book Value ₹ 10817.7

Face Value 50

52W High ₹14500

Dividend Yield 0%

52W Low ₹ 9530

Polson Share Price

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Volume
Price

Polson Quarterly Price

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Polson Peer Comparison

Polson 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 22 20 24 25 21 23 25 24 22 22
Other Income 0 0 0 0 0 0 1 0 0 0
Total Income 23 21 25 25 21 23 26 24 22 23
Total Expenditure 19 16 21 21 17 19 21 20 18 18
Operating Profit 4 4 3 4 4 4 5 4 4 4
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 1 2 1 1 1 1 2 2 2 2
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 2 2 1 2 2 2 2 2 2 2
Provision for Tax 0 0 1 1 0 0 1 0 0 0
Profit After Tax 1 1 1 1 1 1 1 1 1 1
Adjustments 0 0 -0 -0 0 -0 -0 0 0 -0
Profit After Adjustments 1 1 1 1 1 1 1 1 1 1
Adjusted Earnings Per Share 102.8 116.3 45.6 119.3 95.8 104 116.9 102.3 101.8 101.1

Polson 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 104 104 108 106 109 97 89 98 84 96 93 93
Other Income 7 7 5 4 6 5 4 3 2 1 2 1
Total Income 111 111 113 110 115 102 93 100 86 98 95 95
Total Expenditure 92 89 89 87 93 81 73 82 70 81 78 77
Operating Profit 19 22 24 23 22 21 20 18 16 17 17 17
Interest 8 9 7 7 7 6 6 4 6 4 4 4
Depreciation 2 3 3 4 4 5 5 5 6 6 6 8
Exceptional Income / Expenses 0 15 1 6 0 0 0 0 1 0 0 0
Profit Before Tax 10 25 16 18 11 10 9 9 7 7 7 8
Provision for Tax 3 9 6 7 1 3 1 2 2 2 2 1
Profit After Tax 7 16 10 11 10 7 9 6 5 5 5 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 7 16 10 11 10 7 9 6 5 5 5 4
Adjusted Earnings Per Share 545.6 1346.1 860.5 909.5 827.3 591.5 711 519.1 402.5 433.1 435.9 422.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -3% -2% -1% -1%
Operating Profit CAGR 0% -2% -4% -1%
PAT CAGR 0% -6% -7% -3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% 2% 4% 6%
ROE Average 4% 4% 5% 11%
ROCE Average 7% 7% 8% 12%

Polson 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 46 62 70 81 91 96 105 111 116 122 127
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 61 48 41 48 43 40 28 21 17 14 26
Other Non-Current Liabilities 1 4 9 11 9 10 8 8 8 9 9
Total Current Liabilities 73 41 45 40 40 38 31 52 39 36 27
Total Liabilities 180 154 164 180 182 184 172 192 181 180 189
Fixed Assets 83 86 83 93 98 95 99 108 114 117 120
Other Non-Current Assets 36 21 27 21 19 30 30 30 21 22 32
Total Current Assets 61 48 53 66 65 60 42 53 45 40 36
Total Assets 180 154 164 180 182 184 172 192 181 180 189

Polson 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 5 1 1 1 1 0 0 1 4 0 1
Cash Flow from Operating Activities 19 35 19 6 11 32 22 2 12 25 17
Cash Flow from Investing Activities -46 -0 -9 -11 0 -22 3 -9 -0 -10 -19
Cash Flow from Financing Activities 23 -34 -11 5 -12 -10 -25 10 -15 -15 2
Net Cash Inflow / Outflow -4 1 -0 0 -0 -0 1 3 -3 0 0
Closing Cash & Cash Equivalent 1 2 1 1 0 0 1 4 0 1 1

Polson 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) 545.64 1346.09 860.48 909.46 827.33 591.52 710.99 519.12 402.46 433.09 435.91
CEPS(Rs) 725.27 1600.79 1131.69 1216.29 1162.42 968.65 1108.53 946.84 861.71 911.92 940.57
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 3766.97 5113.06 5805.21 6725.13 7553.36 8019.25 8730.82 9191.86 9625.8 10099.11 10532.55
Core EBITDA Margin(%) 11.88 14.5 17.62 17.37 14.85 16.67 17.63 15.93 17.02 16.4 15.95
EBIT Margin(%) 16.5 32.57 20.68 23.45 16.77 17.49 16.76 13.48 14.54 11.81 11.59
Pre Tax Margin(%) 9.22 24.2 14.65 17.11 10.42 10.77 10.32 8.9 7.93 7.6 7.65
PAT Margin (%) 6.3 15.51 9.54 10.32 9.11 7.34 9.63 6.39 5.76 5.39 5.61
Cash Profit Margin (%) 8.38 18.44 12.54 13.8 12.8 12.02 15.01 11.65 12.33 11.35 12.1
ROA(%) 4.41 9.67 6.49 6.35 5.49 3.88 4.8 3.43 2.59 2.88 2.84
ROE(%) 15.62 30.32 15.76 14.52 11.59 7.6 8.49 5.79 4.28 4.39 4.23
ROCE(%) 14.66 25.64 17.16 17.26 11.61 10.53 9.53 8.21 7.28 7.03 6.58
Receivable days 55.51 74.27 90.9 90.15 83.3 90.74 83.34 59.47 55.78 49.39 50.55
Inventory Days 52.18 27.79 17.42 41.45 59.37 54.95 36.13 67.63 122.81 90.31 71.86
Payable days 83.98 95.68 90.79 101.68 83.68 99.1 129.35 112.24 84.02 69.48 91.33
PER(x) 11.2 5.47 12.86 16.54 13.17 11.69 12.9 21.27 24.76 29.2 27.51
Price/Book(x) 1.62 1.44 1.91 2.24 1.44 0.86 1.05 1.2 1.04 1.25 1.14
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.57 1.47 1.75 2.26 1.76 1.35 1.68 1.92 2.01 1.96 1.99
EV/Core EBITDA(x) 8.45 6.92 7.84 10.46 8.59 6.11 7.59 10.24 10.23 11.01 11
Net Sales Growth(%) 7.12 0.23 3.96 -2.32 3 -11.24 -8.36 10.06 -14.02 14.95 -3.23
EBIT Growth(%) 22.65 97.82 -33.98 10.74 -26.34 -7.44 -12.16 -11.47 -7.26 -6.62 -5.06
PAT Growth(%) 51.85 146.7 -36.08 5.69 -9.03 -28.5 20.2 -26.99 -22.47 7.61 0.65
EPS Growth(%) 51.85 146.7 -36.08 5.69 -9.03 -28.5 20.2 -26.99 -22.47 7.61 0.65
Debt/Equity(x) 2.01 1.1 0.9 0.92 0.76 0.68 0.43 0.54 0.43 0.31 0.34
Current Ratio(x) 0.83 1.17 1.2 1.63 1.64 1.58 1.35 1.02 1.16 1.14 1.34
Quick Ratio(x) 0.66 1.1 1.04 1.22 1.16 1.3 1.13 0.46 0.45 0.57 0.73
Interest Cover(x) 2.26 3.89 3.43 3.7 2.64 2.6 2.6 2.94 2.2 2.8 2.94
Total Debt/Mcap(x) 1.24 0.76 0.47 0.41 0.53 0.79 0.41 0.45 0.41 0.25 0.3

Polson Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98 74.98
FII 0 0 0 0 0 0 0 0 0 0
DII 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.21
Public 24.81 24.81 24.81 24.81 24.81 24.81 24.81 24.81 24.81 24.81
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Polson News

Polson Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 4% over the last 3 years.
  • Debtor days have increased from 69.48 to 91.33days.
  • The company has delivered a poor profit growth of -6% over past five years.
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