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Polycon Internatl. Overview

Polycon International Ltd. is an Indian manufacturing company specializing in the production, design, and supply of polymer-based products and solutions for a wide range of industrial and consumer applications. The company’s portfolio includes plastic components, polymer sheets, molded products, and customized solutions tailored to meet the specific needs of sectors such as construction, packaging, consumer goods, automotive, electronics, and general industrial manufacturing. By combining in-house design expertise with modern manufacturing pr...Read More

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Polycon Internatl. Key Financials

Market Cap ₹9 Cr.

Stock P/E 61.8

P/B 6

Current Price ₹18

Book Value ₹ 3

Face Value 10

52W High ₹35

Dividend Yield 0%

52W Low ₹ 15.5

Polycon Internatl. Share Price

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Volume
Price

Polycon Internatl. Quarterly Price

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Polycon Internatl. Peer Comparison

Polycon Internatl. 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 5 6 6 6 6 5 5 4 4 5
Other Income 0 0 0 0 0 -0 0 0 0 0
Total Income 5 6 6 6 6 5 5 4 4 5
Total Expenditure 4 5 4 5 5 6 4 4 4 5
Operating Profit 1 1 1 1 1 -1 1 1 -0 0
Interest 1 1 1 1 1 1 1 1 1 1
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 2 0 0 0 0
Profit Before Tax 0 -0 1 -0 -0 1 -0 -0 -1 -1
Provision for Tax 0 0 -0 0 -0 0 0 -0 -0 -0
Profit After Tax 0 -0 1 -0 0 1 -0 -0 -1 -1
Adjustments 0 0 0 -0 -0 0 0 0 0 0
Profit After Adjustments 0 -0 1 -0 0 1 -0 -0 -1 -1
Adjusted Earnings Per Share 0.1 -0.1 1 -0.6 0 1.5 -0.6 -0.5 -1.9 -1.3

Polycon Internatl. 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 38 37 40 36 38 30 28 31 26 23 22 18
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 39 37 40 36 38 30 28 31 26 23 22 18
Total Expenditure 35 34 36 33 34 28 25 27 23 20 21 17
Operating Profit 4 3 3 2 3 2 3 3 3 3 1 2
Interest 2 2 2 1 2 2 2 2 2 2 2 4
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 0 0 0 0 -2 0 0 0 0 2 0
Profit Before Tax 0 0 0 0 0 -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 0 0 0 0 -3 -0 -0 0 0 0 -2
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 0 0 -3 -0 -0 0 0 0 -2
Adjusted Earnings Per Share 0.5 0.6 0.5 0.6 0.3 -5.9 -0.6 -0.2 0.1 0.1 0.3 -4.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -4% -11% -6% -5%
Operating Profit CAGR -67% -31% -13% -13%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -25% 7% 34% 9%
ROE Average 4% 3% -1% -3%
ROCE Average 6% 6% 7% 6%

Polycon Internatl. 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 7 7 7 8 8 5 4 4 4 4 4
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 7 9 10 10 10 11 14 15 18 22 26
Other Non-Current Liabilities 1 1 1 1 1 1 1 1 1 1 2
Total Current Liabilities 15 13 13 14 16 14 14 17 14 15 12
Total Liabilities 30 30 32 33 35 31 33 37 37 42 43
Fixed Assets 11 11 11 12 12 10 10 10 9 9 9
Other Non-Current Assets 3 3 3 2 4 2 2 2 3 3 3
Total Current Assets 16 16 17 19 19 19 21 25 25 30 31
Total Assets 30 30 32 33 35 31 33 37 37 42 43

Polycon Internatl. 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 1 1 0 0 0 0 0 0 0
Cash Flow from Operating Activities 8 1 3 2 4 1 -0 2 -0 -1 -0
Cash Flow from Investing Activities -1 -1 -1 -1 -3 1 -1 -1 -1 -1 -1
Cash Flow from Financing Activities -8 0 -1 -2 -1 -1 0 -1 1 2 2
Net Cash Inflow / Outflow -0 0 0 -1 0 -0 -0 0 0 -0 -0
Closing Cash & Cash Equivalent 0 1 1 0 0 0 0 0 0 0 0

Polycon Internatl. 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) 0.51 0.56 0.49 0.62 0.3 -5.88 -0.6 -0.21 0.13 0.13 0.29
CEPS(Rs) 2.97 2.55 2.49 2.68 2.35 -3.73 1.85 2.37 2.35 2.26 3.05
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 12.68 13.24 13.64 14.24 14.59 8.7 6.67 6.46 6.61 6.73 7.03
Core EBITDA Margin(%) 8.21 7.33 7.8 6.26 8.39 6.98 11.09 10.79 11.65 13.6 6.18
EBIT Margin(%) 6.04 5.28 5.44 4.98 5.86 -2.17 6.9 6.95 7.64 9.19 10.87
Pre Tax Margin(%) 0.77 0.9 0.86 1.05 0.54 -9.39 -1.05 -0.28 0.56 0.21 1.02
PAT Margin (%) 0.55 0.62 0.6 0.86 0.4 -9.58 -1.07 -0.33 0.25 0.27 0.65
Cash Profit Margin (%) 3.22 2.86 3.08 3.68 3.06 -6.08 3.28 3.79 4.38 4.8 6.76
ROA(%) 0.76 0.9 0.77 0.95 0.44 -8.7 -0.92 -0.29 0.17 0.16 0.33
ROE(%) 4.08 4.29 3.64 4.47 2.1 -50.53 -7.86 -3.14 2.01 1.91 4.24
ROCE(%) 9.19 8.45 7.68 6.13 7.38 -2.28 6.92 7.14 6.23 6.07 6.44
Receivable days 90.06 86.47 93.83 116.81 111.85 130.27 140.1 129.31 136.57 138.37 141.55
Inventory Days 32.22 32.07 39.78 47.3 54.19 83.55 108.86 133.58 198.27 272.33 336.73
Payable days 13.24 17.42 16.17 21.56 22.21 41.46 61.64 63.67 75.59 85.74 91.37
PER(x) 19.19 13.86 38.87 20.22 29.67 0 0 0 0 137.15 90.05
Price/Book(x) 0.77 0.58 1.39 0.89 0.62 0.65 0 1.73 0 2.6 3.74
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.65 0.64 0.75 0.78 0.71 0.81 1.06 1.07 1.3 1.79 2.12
EV/Core EBITDA(x) 6.36 7.17 9.52 11.37 8.38 11.2 9.42 9.68 11 13.02 32.62
Net Sales Growth(%) -12.92 -4.2 7.63 -9.98 5.39 -20 -8.03 10.65 -14.18 -12.21 -4.16
EBIT Growth(%) -5.09 -15.53 -6.37 -17.59 23.85 -129.68 392.04 11.39 -5.66 5.62 13.41
PAT Growth(%) -8 9.38 -12.04 27.57 -51.36 -2039.78 89.73 65.88 163.79 -2.95 128.37
EPS Growth(%) -7.99 9.37 -12.04 27.58 -51.37 -2039.96 89.73 65.87 163.77 -2.97 128.45
Debt/Equity(x) 3.02 2.89 2.99 2.88 2.96 4.57 6.44 7.4 7.77 8.54 8.53
Current Ratio(x) 1.07 1.26 1.32 1.3 1.22 1.31 1.46 1.46 1.78 2 2.54
Quick Ratio(x) 0.84 0.94 0.98 0.97 0.8 0.8 0.82 0.69 0.71 0.71 0.76
Interest Cover(x) 1.15 1.21 1.19 1.27 1.1 -0.3 0.87 0.96 1.08 1.02 1.1
Total Debt/Mcap(x) 4.28 5.38 2.32 3.5 5.17 7.96 0 5.02 0 3.83 2.64

Polycon Internatl. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 49.61 49.61 49.61 49.61 49.61 49.61 49.61 49.61 49.61 49.61
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 50.39 50.39 50.39 50.39 50.39 50.39 50.39 50.39 50.39 50.39
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Polycon Internatl. News

Polycon Internatl. Pros & Cons

Pros

Cons

  • Promoter holding is low: 49.61%.
  • Company has a low return on equity of 3% over the last 3 years.
  • Debtor days have increased from 85.74 to 91.37days.
  • Stock is trading at 6 times its book value.
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