Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹16 Cr.
Stock P/E
-1.5
P/B
0.8
Current Price
₹32.5
Book Value
₹ 39.7
Face Value
10
52W High
₹81
52W Low
₹ 27.2
Dividend Yield
—

Sati Poly Plast Overview

Business

Sati Poly Plast Ltd. (SATIPOLY) is an Indian company primarily engaged in the manufacturing and sale of plastic packaging products. The company focuses on various types of flexible packaging solutions, catering to a diverse range of industries including food & beverages, personal care, pharmaceuticals, and industrial goods. Their core business model involves converting plastic raw materials (such as BOPP, PET, CPP, polyethylene) into finished packaging materials like laminates, pouches, films, and bags, which are then supplied to client businesses for packaging their products. The company makes money by selling these manufactured packaging products, with revenue driven by order volumes and product specifications.

Revenue Mix

Information on precise revenue mix by product type or end-user industry is not readily available in public documents. However, based on their sector, their offerings would generally include:

Flexible Packaging: This segment likely forms the bulk of their revenue, encompassing multi-layer laminates, various types of pouches (stand-up, zipper, vacuum), and printed rolls used for automatic packaging machines.

Specialty Films: Development and sale of films with specific barrier properties or functional enhancements.

The company likely serves a broad base of B2B customers, without explicit segment reporting breakdown by contribution.

Industry

The Indian packaging industry is fragmented and highly competitive, characterized by a mix of large integrated players and numerous small to medium-sized enterprises (SMEs). The industry is driven by growth in consumer spending, e-commerce, and demand from end-user sectors like food, pharmaceuticals, and personal care. Sati Poly Plast Ltd. operates as a mid-sized player within this landscape, competing on factors such as product quality, customization capabilities, pricing, and timely delivery. Their positioning would typically involve catering to specific regional markets or niche product requirements, possibly offering specialized or cost-effective solutions to clients who may not be served by larger, more standardized producers.

MOAT

For a company of its size in a fragmented industry, a strong, durable competitive advantage or "moat" is often challenging to establish. Sati Poly Plast Ltd.'s potential advantages could stem from:

Customer Relationships: Long-standing relationships with key clients, built on trust, quality, and reliability.

Operational Efficiency: Ability to produce cost-effectively through optimized manufacturing processes.

Customization Capabilities: Flexibility to meet specific design and functional requirements of clients, which might be less attractive for larger players focused on mass production.

Niche Focus: Expertise in particular types of packaging or serving specific industries where they have built a reputation.

However, these are generally not considered deep moats in a commoditized product environment where switching costs are relatively low and new entrants or existing competitors can replicate offerings.

Growth Drivers

Increasing Consumption & Urbanization: Growing disposable incomes, a rising middle class, and urbanization in India will continue to drive demand for packaged goods across various sectors.

E-commerce Boom: The rapid expansion of e-commerce requires robust and diverse packaging solutions, creating new opportunities for suppliers.

Food Processing Industry Growth: As India's food processing sector expands, so does the demand for protective and attractive packaging for processed foods, snacks, and beverages.

Shift from Unorganized to Organized Retail: The increasing presence of organized retail chains further boosts demand for standardized and branded packaging.

Product Diversification: Ability to develop new, specialized, or sustainable packaging solutions can open new markets and customer segments.

Risks

Raw Material Price Volatility: Plastic resins, the primary raw materials, are petrochemical derivatives, making their prices susceptible to fluctuations in crude oil prices and global supply-demand dynamics, impacting profitability.

Intense Competition: The highly fragmented and competitive nature of the Indian packaging industry can lead to pricing pressure and margin erosion.

Technological Obsolescence: Rapid advancements in packaging technology (e.g., sustainable materials, smart packaging) require continuous investment to remain competitive.

Regulatory Changes: Environmental regulations regarding plastic usage, recycling, and waste management could impact operations, production costs, and product mix.

Customer Concentration Risk: If the company has a few large clients, the loss of any major client or a significant reduction in their orders could materially affect revenue and profitability.

Management & Ownership

Sati Poly Plast Ltd. is a promoter-driven company, typical of many Indian SMEs. The promoters, often founding family members, generally hold a significant stake and are deeply involved in the strategic and operational management of the business. The quality of management is often reflected in their ability to navigate raw material volatility, expand customer base, manage operational efficiencies, and adapt to evolving market demands. Specific details on individual management track records or governance practices would require examining annual reports and corporate filings.

Outlook

Sati Poly Plast Ltd. operates within a growing Indian packaging sector, buoyed by favorable macroeconomic trends like increasing consumption and e-commerce growth. The company's future growth will likely hinge on its ability to maintain competitive pricing, ensure product quality, diversify its customer base, and potentially innovate in specialized or sustainable packaging. The primary challenges will be managing raw material price volatility and navigating the intense competitive landscape, alongside adapting to evolving environmental regulations. Its success will depend on its operational efficiency and strategic customer relationships within its niche.

Sati Poly Plast Share Price

Live · NSE · Inception: 1999
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Sati Poly Plast Quarterly Results

#(Fig in Cr.) Jun 2023 Jun 2024
Net Sales 35 74
Other Income 0 0
Total Income 35 74
Total Expenditure 34 71
Operating Profit 2 4
Interest 0 0
Depreciation 1 1
Exceptional Income / Expenses -0 0
Profit Before Tax 0 3
Provision for Tax 0 1
Profit After Tax 0 2
Adjustments -0 -0
Profit After Adjustments 0 2
Adjusted Earnings Per Share 0.1 5.5

Sati Poly Plast Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 126 175 191 179 302 109
Other Income 0 0 0 0 0 0
Total Income 126 175 191 179 302 109
Total Expenditure 122 170 182 170 286 105
Operating Profit 4 5 9 9 16 6
Interest 2 2 2 2 2 0
Depreciation 3 3 3 3 3 2
Exceptional Income / Expenses 0 0 0 -0 -25 0
Profit Before Tax -0 0 4 4 -14 3
Provision for Tax -0 0 1 1 -3 1
Profit After Tax -0 0 3 3 -11 2
Adjustments 0 0 0 0 0 0
Profit After Adjustments -0 0 3 3 -11 2
Adjusted Earnings Per Share -0.6 0.9 9.7 7.8 -21.3 5.6

Sati Poly Plast Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 1 4 12 16
Minority's Interest 0 0 0 0 0
Borrowings 21 15 16 17 5
Other Non-Current Liabilities -0 -0 -0 -0 -4
Total Current Liabilities 16 20 21 27 39
Total Liabilities 37 35 41 56 57
Fixed Assets 13 12 11 14 6
Other Non-Current Assets 1 1 1 1 1
Total Current Assets 24 23 29 41 50
Total Assets 37 35 41 56 57

Sati Poly Plast Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 3 1 1 3
Cash Flow from Operating Activities 6 3 3 9 -13
Cash Flow from Investing Activities -2 -2 -2 -5 5
Cash Flow from Financing Activities -2 -4 -1 -1 6
Net Cash Inflow / Outflow 2 -3 -0 2 -2
Closing Cash & Cash Equivalent 3 1 1 3 1

Sati Poly Plast Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.57 0.88 9.68 7.82 -21.34
CEPS(Rs) 8.35 9.68 18.11 15.43 -15.5
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 1.9 2.78 12.46 34.15 32.67
Core EBITDA Margin(%) 3.23 2.79 4.5 5.08 5.25
EBIT Margin(%) 1.09 1.35 3.21 3.36 -4.11
Pre Tax Margin(%) -0.24 0.22 2.16 2.11 -4.65
PAT Margin (%) -0.15 0.16 1.62 1.57 -3.5
Cash Profit Margin (%) 2.12 1.76 3.03 3.11 -2.54
ROA(%) -0.49 0.78 8.06 5.82 -18.77
ROE(%) -30.32 37.82 127.01 34.63 -74.07
ROCE(%) 5.16 9.28 22.36 18.53 -37.51
Receivable days 20.53 15.24 12.45 18.16 22.78
Inventory Days 37.51 28 33.4 46.53 25.01
Payable days 28.82 20.15 17.77 31.49 32.31
PER(x) 0 0 0 0 0
Price/Book(x) 0 0 0 0 2.1
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.19 0.14 0.14 0.13 0.16
EV/Core EBITDA(x) 5.6 4.82 3.08 2.52 3.06
Net Sales Growth(%) 0 39.28 9 -6.06 68.3
EBIT Growth(%) 0 72.82 158.34 -1.59 -305.8
PAT Growth(%) 0 253.84 994.19 -8.56 -473.67
EPS Growth(%) 0 253.84 994.19 -19.19 -372.83
Debt/Equity(x) 42.92 26.58 6.62 1.82 0.94
Current Ratio(x) 1.5 1.14 1.35 1.53 1.28
Quick Ratio(x) 0.68 0.44 0.38 0.6 0.85
Interest Cover(x) 0.82 1.19 3.06 2.7 -7.59
Total Debt/Mcap(x) 0 0 0 0 0.45

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +69% +20% — —
Operating Profit CAGR +78% +47% — —
PAT CAGR -467% — — —
Share Price CAGR -52% — — —
ROE Average -74% +29% +19% +19%
ROCE Average -38% +1% +4% +4%

Sati Poly Plast Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 63.01 %
FII 3.47 %
DII (MF + Insurance) 0 %
Public (retail) 33.53 %
# Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 63.0163.0163.0163.01
FII 8.277.054.983.47
DII 0000
Public 28.7229.9432.0133.53
Others 0000
Total 100100100100

Sati Poly Plast Peer Comparison

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Sati Poly Plast Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Sati Poly Plast Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Company has reduced debt.

Cons

  • Debtor days have increased from 31.49 to 32.31days.
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