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Polylink Polymers Overview

Polylink Polymers (India) Limited has been a key manufacturer and exporter of polymeric compounds since its inception in 1993. Headquartered in Ahmedabad, it specializes in producing XLPE compounds, Filler Masterbatch, and a variety of Master Batches for the plastic processing industry. Promoted with the primary objective of manufacturing polymeric compounds required as source materials for cables of all types, including power cables, XLPE cables, and telecommunication cables. Since then, Polylink Polymers has expanded product range to include ...Read More

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Polylink Polymers Key Financials

Market Cap ₹45 Cr.

Stock P/E 20.9

P/B 1.5

Current Price ₹20.2

Book Value ₹ 13.8

Face Value 5

52W High ₹33.4

Dividend Yield 0%

52W Low ₹ 14.4

Polylink Polymers Share Price

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Volume
Price

Polylink Polymers Quarterly Price

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Polylink Polymers Peer Comparison

Polylink Polymers 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 17 19 22 24 21 22 24 21 22 20
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 17 19 22 24 21 23 24 21 22 20
Total Expenditure 17 18 21 22 20 21 24 20 21 20
Operating Profit 0 1 1 2 1 2 0 1 1 1
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 1 1 1 1 1 -0 0 0 0
Provision for Tax -0 0 0 0 0 0 -0 0 -0 0
Profit After Tax 0 0 1 1 0 1 -0 0 0 0
Adjustments -0 0 0 -0 -0 -0 0 0 -0 0
Profit After Adjustments 0 0 1 1 0 1 -0 0 0 0
Adjusted Earnings Per Share 0.1 0.2 0.4 0.4 0.2 0.4 -0 0.1 0.1 0.1

Polylink 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 37 36 32 34 47 47 37 46 50 75 91 87
Other Income 1 1 1 1 1 1 1 0 0 0 0 0
Total Income 38 37 33 35 48 48 38 46 51 75 92 87
Total Expenditure 34 33 30 32 45 45 36 44 49 71 87 85
Operating Profit 3 4 3 4 3 3 2 2 2 4 4 3
Interest 1 1 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 0
Exceptional Income / Expenses -0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 2 2 2 2 1 1 1 1 2 3 0
Provision for Tax 1 1 1 1 0 0 0 1 0 1 1 0
Profit After Tax 0 2 1 1 1 1 1 1 1 2 2 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 2 1 1 1 1 1 1 1 2 2 0
Adjusted Earnings Per Share 0.2 0.8 0.5 0.7 0.5 0.5 0.5 0.4 0.3 0.8 1 0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 21% 26% 14% 9%
Operating Profit CAGR 0% 26% 6% 3%
PAT CAGR 0% 26% 15% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -29% 0% 6% 9%
ROE Average 7% 5% 5% 7%
ROCE Average 11% 8% 7% 10%

Polylink 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 11 20 21 22 23 25 26 26 28 30
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 -3 -2 -0 0 0 1 0 1 1 1 1
Total Current Liabilities 6 6 6 6 6 4 4 5 3 6 8
Total Liabilities 12 14 25 27 29 28 29 31 30 36 40
Fixed Assets 5 5 15 16 16 16 15 16 16 16 16
Other Non-Current Assets 0 1 0 0 0 0 2 0 0 0 2
Total Current Assets 7 8 10 11 13 12 13 14 14 19 21
Total Assets 12 14 25 27 29 28 29 31 30 36 40

Polylink 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 0 0 2 0
Cash Flow from Operating Activities 5 3 1 2 0 4 0 0 4 -2 2
Cash Flow from Investing Activities -0 -1 -0 -2 -0 -1 -1 -1 -1 -1 -3
Cash Flow from Financing Activities -5 -2 -1 -0 -0 -3 1 0 -1 1 0
Net Cash Inflow / Outflow 0 0 -0 -0 -0 0 -0 -0 2 -2 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 2 0 0

Polylink 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) 0.17 0.83 0.52 0.67 0.5 0.48 0.54 0.41 0.29 0.78 0.96
CEPS(Rs) 0.81 1.07 0.86 1.08 0.9 0.89 0.91 0.81 0.72 1.21 1.42
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 3.96 4.79 8.9 9.59 10.09 10.57 11.12 11.53 11.8 12.58 13.52
Core EBITDA Margin(%) 7.18 7.26 5.71 8.12 4.78 4.12 5.04 4.36 3.41 4.41 4.53
EBIT Margin(%) 5.1 7.97 6.08 7.56 4.26 3.86 4.29 3.41 2.13 3.46 3.73
Pre Tax Margin(%) 2.33 6.49 5.02 6.41 3.36 3.07 3.97 3.07 1.92 3.1 3.26
PAT Margin (%) 0.99 4.83 3.31 4.25 2.37 2.27 3.19 1.96 1.28 2.32 2.34
Cash Profit Margin (%) 4.59 6.26 5.48 6.81 4.22 4.17 5.37 3.9 3.15 3.6 3.45
ROA(%) 2.84 14.1 5.8 5.66 3.97 3.73 4.15 2.97 2.11 5.27 5.66
ROE(%) 4.49 18.87 7.55 7.28 5.12 4.67 4.97 3.58 2.5 6.43 7.39
ROCE(%) 13.36 22.44 11.64 11.49 8.17 7.4 6.47 5.86 3.99 9.24 11.04
Receivable days 40.56 38.97 48.87 61.13 58.05 61.21 71.87 66.97 57.14 45.35 52.21
Inventory Days 20.03 16.27 27.68 35.7 30.08 31.87 42.32 37.12 36.06 29 27.43
Payable days 19.4 22.38 33.84 37.22 23.63 26.82 34.45 25.27 21.44 20.38 24.07
PER(x) 28.55 9.1 27.25 32.7 31.06 15.13 21.89 58.58 66.74 31.13 31.31
Price/Book(x) 1.26 1.57 1.58 2.29 1.55 0.69 1.06 2.06 1.65 1.94 2.23
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.4 0.54 1.04 1.47 0.8 0.34 0.73 1.19 0.82 0.74 0.76
EV/Core EBITDA(x) 4.25 5.47 11.71 14.28 13.01 5.94 11.27 22.23 20.44 15.69 15.64
Net Sales Growth(%) 4.64 -2.85 -11.07 7.67 36.51 0.01 -20.43 22.06 10.23 48.26 22.19
EBIT Growth(%) -28.24 51.82 -30.36 26.17 -24.28 -9.39 -11.62 -3.03 -31.02 140.59 31.67
PAT Growth(%) -63.01 373.99 -37.41 30.26 -25.11 -4.23 11.83 -24.85 -28.15 168.87 23.11
EPS Growth(%) -63 373.92 -37.41 30.27 -25.11 -4.23 11.81 -24.86 -28.15 168.86 23.11
Debt/Equity(x) 0.49 0.3 0.13 0.12 0.13 0.02 0.05 0.07 0.02 0.06 0.08
Current Ratio(x) 1.07 1.34 1.65 1.96 2.06 2.9 3.16 3.07 4.41 3.01 2.61
Quick Ratio(x) 0.87 0.97 1.12 1.3 1.42 1.91 2.03 2.05 2.79 1.96 1.76
Interest Cover(x) 1.84 5.37 5.78 6.61 4.73 4.9 13.23 10.17 9.99 9.58 7.95
Total Debt/Mcap(x) 0.39 0.19 0.08 0.05 0.09 0.03 0.05 0.03 0.01 0.03 0.03

Polylink Polymers Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 74.99 74.69 74.23 72.95 72.5 72.5 72.5 72.5 72.5 72.5
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 25.01 25.31 25.77 27.05 27.5 27.5 27.5 27.5 27.5 27.5
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Polylink Polymers News

Polylink Polymers Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 5% over the last 3 years.
  • Debtor days have increased from 20.38 to 24.07days.
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