Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹15 Cr.
Stock P/E
1.3
P/B
—
Current Price
₹14.6
Book Value
₹ 0
Face Value
10
52W High
₹17.1
52W Low
₹ 5.6
Dividend Yield
0%

SMVD Poly Pack Overview

Business

SMVD Poly Pack Ltd. is an Indian manufacturer specializing in woven packaging solutions. The company primarily produces Polypropylene (PP) and High-Density Polyethylene (HDPE) woven sacks, flexible intermediate bulk containers (FIBCs), and other woven fabric products. These products are used for packaging various materials across industries such as fertilizers, cement, food grains, sugar, chemicals, polymers, and other industrial goods. The company generates revenue by manufacturing and selling these packaging solutions to B2B clients in both domestic and international markets.

Revenue Mix

While specific revenue breakdown by product line is not typically disclosed for such companies, SMVD's core business revolves around:

PP/HDPE Woven Sacks: Used for packaging smaller quantities of goods like cement, sugar, food grains, and fertilizers.

FIBCs (Jumbo Bags): Used for bulk packaging of larger quantities of materials, including chemicals, minerals, and agricultural products.

The revenue mix would largely depend on the demand from various end-user industries and market trends for bulk vs. standard packaging.

Industry

The plastic woven packaging industry in India is characterized by its fragmentation, with numerous small and medium-sized players alongside a few larger, organized manufacturers. The industry is commodity-driven, with competition often based on price, quality, customization, and delivery timelines. SMVD Poly Pack operates in this competitive landscape, positioning itself as a quality-focused manufacturer catering to both domestic and export markets. Its positioning likely emphasizes product customization, compliance with quality standards, and service for its industrial clientele.

MOAT

SMVD Poly Pack's competitive advantages are likely derived from:

Cost Efficiency & Scale (relative to smaller players): Efficient manufacturing processes and a certain scale of operations can lead to cost advantages in a commodity-driven market.

Customer Relationships & Customization: Ability to offer customized packaging solutions and build long-term relationships with diverse industrial clients.

Quality & Certifications: Adherence to specific quality standards and certifications required by end-user industries and international buyers, which can create a preference over unorganized players.

Geographic Reach: Presence in both domestic and export markets can diversify revenue streams and mitigate regional demand fluctuations.

Growth Drivers

Growth in End-User Industries: Continued growth in sectors like agriculture, food processing, cement, infrastructure, and chemicals will drive demand for packaging materials.

Increasing Industrialization & Manufacturing: Expansion of manufacturing activities in India will boost the need for industrial packaging.

E-commerce Expansion: Growth in e-commerce requiring robust and secure packaging solutions, though less direct for woven sacks/FIBCs, could have indirect benefits.

Export Opportunities: Rising demand for woven packaging solutions in international markets offers avenues for export growth.

Shift from Traditional Packaging: Replacement of older packaging materials (e.g., jute bags) with more durable and cost-effective woven plastic alternatives.

Risks

Raw Material Price Volatility: Key raw materials (PP and HDPE granules) are crude oil derivatives, making the company susceptible to fluctuations in crude oil prices, impacting cost of goods sold and margins.

Intense Competition: The fragmented nature of the industry leads to significant price competition, which can pressure profit margins.

Environmental Regulations: Increasing global and domestic concerns over plastic waste and single-use plastics could lead to stricter regulations, impacting demand or requiring investment in alternative materials/recycling infrastructure.

Economic Downturns: A slowdown in the economy or specific end-user industries (e.g., construction, agriculture) can negatively impact demand for packaging.

Technological Obsolescence: While less prominent in woven packaging, new packaging technologies or materials could emerge and disrupt the market.

Management & Ownership

SMVD Poly Pack Ltd. is typically a promoter-driven company, characteristic of many Indian small and medium enterprises. The promoters, often founding family members, generally hold a significant stake in the company and are actively involved in its operations and strategic direction. Their experience in the plastic packaging industry would be crucial for navigating market dynamics and growth. The ownership structure would typically involve the promoter group holding the majority share, with the remaining shares held by public shareholders.

Outlook

SMVD Poly Pack is positioned in a fundamental, albeit competitive, sector driven by industrial and agricultural growth. The company benefits from India's broad economic expansion and the increasing demand for durable and cost-effective packaging solutions. Its focus on customization and quality, coupled with a diversified client base and export presence, provides a foundation for growth. However, the business faces inherent risks from raw material price volatility and intense competition, which can impact profitability. Additionally, evolving environmental regulations around plastics present a long-term challenge that requires strategic adaptation. The ability to manage input costs, maintain strong customer relationships, and potentially innovate in sustainable packaging will be critical for sustained performance.

SMVD Poly Pack Share Price

Live · NSE · Inception: 2010
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

SMVD Poly Pack Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

SMVD Poly Pack 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 29 30 36 47 50 58 68 86 80 25 0
Other Income 0 0 0 0 0 0 0 0 1 0 0
Total Income 29 30 36 47 50 58 68 86 80 25 0
Total Expenditure 27 27 31 42 43 52 62 79 74 28 3
Operating Profit 3 3 5 5 7 6 6 7 6 -4 -3
Interest 2 2 2 2 2 4 4 4 4 4 2
Depreciation 1 1 1 1 1 2 2 2 2 1 0
Exceptional Income / Expenses 0 -0 0 -0 -0 0 0 -0 -0 -48 17
Profit Before Tax 0 0 2 2 3 1 0 1 0 -56 12
Provision for Tax 0 0 1 0 1 0 0 0 0 -2 1
Profit After Tax 0 0 1 2 2 1 0 1 0 -54 11
Adjustments -0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 1 2 2 1 0 1 0 -54 11
Adjusted Earnings Per Share 0.1 0.1 1.8 2.1 2.4 0.7 0.5 1 0.3 -53.6 10.9

SMVD Poly Pack 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 6 6 7 18 21 22 22 23 23 -30 -20
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 9 9 8 7 10 8 11 8 6 3 1
Other Non-Current Liabilities 1 1 1 1 2 2 2 2 3 0 0
Total Current Liabilities 8 10 12 16 26 30 29 41 47 37 23
Total Liabilities 24 26 28 43 59 61 65 74 79 10 5
Fixed Assets 14 15 16 15 22 27 26 25 25 3 3
Other Non-Current Assets 0 0 0 7 6 1 0 2 2 2 1
Total Current Assets 10 11 12 21 30 33 38 47 53 5 2
Total Assets 24 26 28 43 59 61 65 74 79 10 5

SMVD Poly Pack 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 1 1 1 1 1 1 0
Cash Flow from Operating Activities 2 4 4 -1 5 7 1 9 6 -14 3
Cash Flow from Investing Activities -1 -1 -1 -7 -7 -1 -0 -2 -2 21 1
Cash Flow from Financing Activities -2 -2 -3 8 3 -6 -0 -8 -5 -7 -5
Net Cash Inflow / Outflow -0 0 0 0 1 -0 0 -0 -1 -0 -0
Closing Cash & Cash Equivalent 0 0 0 1 1 1 1 1 1 0 0

SMVD Poly Pack 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) 0.1 0.09 1.78 2.13 2.45 0.73 0.48 1.04 0.28 -53.62 10.87
CEPS(Rs) 1.14 1.22 3.01 3.02 3.6 2.29 2.17 2.78 2.06 -52.95 10.94
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 8.84 8.94 10.72 18.28 20.73 21.45 21.94 22.98 23.26 -30.36 -19.49
Core EBITDA Margin(%) 9.59 10.14 10.64 9.29 11.4 9.33 7.47 6.86 5.6 -12.47 -644.2
EBIT Margin(%) 7.29 7.62 9.63 8.06 9.69 7.12 5.44 5.15 4.14 -177.5 3138.86
Pre Tax Margin(%) 1.3 1.03 4.2 4.46 5.64 1.63 0.62 1.36 0.41 -190.13 2698.26
PAT Margin (%) 0.23 0.2 2.94 3.96 4.28 1.09 0.61 1.03 0.29 -182.19 2467.62
Cash Profit Margin (%) 2.61 2.76 4.98 5.62 6.3 3.46 2.72 2.74 2.19 -179.93 2485.21
ROA(%) 0.29 0.24 4.4 6.01 4.83 1.21 0.77 1.51 0.36 -120.81 147.54
ROE(%) 1.2 1 18.09 16.75 12.54 3.43 2.23 4.64 1.17 0 0
ROCE(%) 10.43 10.43 16.99 14.68 12.77 9.15 8.11 9.49 6.99 -194.9 0
Receivable days 35.88 37.93 24.86 22.49 31.88 41.31 47.94 45.05 59.49 115.85 622.59
Inventory Days 65.95 78.46 69.4 69.33 97.45 104.19 94.92 88.87 114.44 210.21 1232.49
Payable days 24.24 28.05 29.41 33.9 42.57 41.76 39.83 58.36 103.57 213.55 1349.17
PER(x) 0 0 0 6.28 3.32 4.83 8.64 7.36 38.18 0 1.04
Price/Book(x) 0 0 0 0.73 0.39 0.16 0.19 0.33 0.45 -0.31 -0.58
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.55 0.59 0.48 0.64 0.74 0.57 0.52 0.45 0.54 1.5 77.8
EV/Core EBITDA(x) 5.68 5.84 3.59 5.77 5.52 5.25 5.92 5.5 7.34 -10.3 -10.45
Net Sales Growth(%) 23.39 1.52 19.77 32.26 5.58 16.12 17.99 26.25 -7.63 -68.88 -98.49
EBIT Growth(%) 34.59 6.06 72.29 11.12 27.61 -14.83 -7.85 20.28 -25.68 -1445.71 126.46
PAT Growth(%) 134.12 -12.09 1903.91 79.06 14.7 -70.41 -33.13 115.6 -73.99 0 120.26
EPS Growth(%) 131.35 -11.24 1891.27 19.9 14.69 -70.26 -33.48 115.58 -73.64 0 120.27
Debt/Equity(x) 2.52 2.78 2.25 0.96 1.45 1.43 1.5 1.4 1.41 -0.92 -0.91
Current Ratio(x) 1.22 1.1 1.06 1.28 1.17 1.11 1.31 1.16 1.12 0.14 0.08
Quick Ratio(x) 0.47 0.39 0.33 0.55 0.46 0.46 0.55 0.49 0.45 0.07 0.05
Interest Cover(x) 1.22 1.16 1.77 2.24 2.39 1.3 1.13 1.36 1.11 -14.06 7.12
Total Debt/Mcap(x) 0 0 0 1.31 3.71 8.73 7.89 4.19 3.12 3.01 1.57

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -100% -100% -100% -100%
Operating Profit CAGR — 0% 0% 0%
PAT CAGR — +122% +62% —
Share Price CAGR +147% +12% +12% —
ROE Average 0% 0% +2% +6%
ROCE Average 0% -63% -34% -9%

SMVD Poly Pack Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 65.53 %
FII 0.04 %
DII (MF + Insurance) 0 %
Public (retail) 34.43 %
# Mar 2022 Sep 2022 Dec 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 65.5365.5365.5365.5365.5365.5365.5365.5365.5365.53
FII 0.040.040.040.040.040.040.040.040.040.04
DII 000.160000000
Public 34.4334.4334.2734.4334.4334.4334.4334.4334.4334.43
Others 0000000000
Total 100100100100100100100100100100

SMVD Poly Pack Peer Comparison

Plastic Products Edit Columns

SMVD Poly Pack Quarterly Price

10-year quarterly close · BSE
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News & Updates

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SMVD Poly Pack Pros & Cons

Pros

  • Company has delivered good profit growth of 61% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 0% over the last 3 years.
  • Debtor days have increased from 213.55 to 1349.17days.
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