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Triliance Polymers Overview

1. Business Overview

Triliance Polymers Ltd. is an Indian company primarily engaged in the polymer industry. Based on its name, it likely specializes in the manufacturing, processing, and/or supply of various polymer-based materials and products. Its core business model probably involves B2B sales, supplying raw materials, intermediate products, or finished polymer components to a diverse range of industrial clients across sectors such as packaging, automotive, construction, textiles, or agriculture. The company generates revenue by selling its range of polymer products and materials.

2. Key Segments / Revenue Mix

Information regarding specific business segments or revenue mix for Triliance Polymers Ltd. is not publicly available. In a typical polymer company, segments might be categorized by polymer type (e.g., polyethylene, polypropylene, PVC), application (e.g., films, pipes, compounds), or end-user industry. Without specific data, a detailed breakdown cannot be provided.

3. Industry & Positioning

Triliance Polymers Ltd. operates within the Indian polymer industry, which is characterized by a mix of large integrated players and numerous smaller, specialized manufacturers. The industry is highly competitive, driven by factors such as raw material availability, manufacturing cost efficiency, product innovation, and customer relationships. Given the "Miscellaneous" classification, it's difficult to ascertain Triliance's specific niche or market share. It is likely positioned as a participant contributing to India's overall polymer supply chain, serving a particular set of customers or product categories.

4. Competitive Advantage (Moat)

Without specific operational details, a clear competitive advantage (moat) for Triliance Polymers Ltd. cannot be definitively identified. Potential sources of competitive advantage in the polymer industry could include:

Cost Leadership: Achieved through economies of scale, efficient production processes, or favorable raw material sourcing.

Proprietary Technology/Formulations: Specialized polymer compounds or manufacturing techniques.

Strong Customer Relationships: Long-standing partnerships and reliability with key industrial clients.

Efficient Supply Chain: Optimized logistics for raw materials and finished goods distribution.

Product Diversification: A broad portfolio catering to multiple industries, reducing reliance on any single sector.

5. Growth Drivers

Key factors that could drive growth for Triliance Polymers Ltd. over the next 3-5 years include:

Growing Indian Economy: Overall economic growth fuels demand across end-user industries for polymer products.

Increasing Per Capita Polymer Consumption: India's per capita consumption of plastics and polymers is still lower than global averages, suggesting significant room for growth.

Infrastructure Development: Projects in construction, automotive, and other sectors drive demand for polymer components.

Packaging Industry Growth: Rapid expansion of e-commerce and organized retail boosts demand for flexible and rigid packaging solutions.

Product Innovation & Diversification: Introduction of new polymer grades or expansion into high-growth application areas.

Export Opportunities: Leveraging competitive manufacturing costs to serve international markets.

6. Risks

Key risks for Triliance Polymers Ltd. include:

Raw Material Price Volatility: Polymer prices are highly sensitive to crude oil and natural gas prices, impacting profitability.

Intense Competition: The Indian polymer market is highly fragmented and competitive, leading to pricing pressures.

Demand Fluctuations: Economic slowdowns or downturns in key end-user industries can significantly impact demand for polymer products.

Environmental Regulations: Increasing scrutiny and regulations on plastic production, usage, and waste management could pose operational and compliance challenges.

Foreign Exchange Fluctuations: Significant imports of raw materials or exports of finished goods expose the company to currency risks.

Technological Obsolescence: Failure to adapt to new processing technologies or develop advanced polymer materials.

7. Management & Ownership

Specific details regarding the promoters, management quality, and ownership structure of Triliance Polymers Ltd. are not available from the provided information. Many Indian companies are promoter-driven, implying a family or founder group holding a significant stake and influencing strategic decisions.

8. Outlook

Triliance Polymers Ltd. operates in a fundamentally growing sector in India, driven by robust domestic demand and increasing industrialization. The potential for growth is significant, especially if the company can leverage operational efficiencies, innovate its product portfolio, and maintain strong customer relationships. However, the business faces inherent challenges from volatile raw material prices, intense competition, and evolving environmental regulations. Its future performance will largely depend on its ability to manage these risks effectively, maintain cost competitiveness, and strategically expand into high-growth polymer applications within the dynamic Indian market.

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Triliance Polymers Key Financials

Market Cap ₹23 Cr.

Stock P/E 68.7

P/B 4.5

Current Price ₹45.1

Book Value ₹ 10

Face Value 10

52W High ₹115.3

Dividend Yield 0%

52W Low ₹ 24.3

Triliance Polymers Share Price

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Volume
Price

Triliance Polymers Quarterly Price

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Triliance Polymers Peer Comparison

Triliance 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 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 0 0 0 0 0 0 0 0 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0
Operating Profit -0 -0 -0 0 0 0 0 0 0 0
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 -0 -0 0 0 0 0 0 0 0
Provision for Tax 0 0 0 0 0 0 -0 0 0 0
Profit After Tax -0 -0 -0 0 0 0 0 0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments -0 -0 -0 0 0 0 0 0 0 0
Adjusted Earnings Per Share -0 -0 -0.2 0.1 0.1 0.2 0.3 0 0.2 0.2

Triliance 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 0 0 0 0 0 0 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0 1 0
Total Income 0 0 0 0 0 0 0 0 0 0 1 0
Total Expenditure 0 0 0 0 0 0 0 0 0 0 0 0
Operating Profit 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0 -0 0
Profit After Tax 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 -0 -0 -0 -0 -0 -0 -0 -0 -0 0 0
Adjusted Earnings Per Share 0 -1.1 -0.9 -1.2 -2.1 -4 -1 -2.4 -0.4 -0.4 0.7 0.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -37% NA% NA% 13%
ROE Average 7% -2% -16% -15%
ROCE Average 7% -2% -13% -14%

Triliance 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 0 0 0 0 0 0 0 0 5 5 5
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 0 0 0 0 0 0 0 0 0 0 -0
Total Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 0 0 0 0 0 0 0 0 5 5 5
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 0 0 0 0 0 0 0 0 5 5 5
Total Assets 0 0 0 0 0 0 0 0 5 5 5

Triliance 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 -0 0
Cash Flow from Operating Activities -0 -0 -0 -0 -0 -0 -0 -0 -5 0 -0
Cash Flow from Investing Activities 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Financing Activities -0 -0 0 0 0 0 0 0 5 0 -0
Net Cash Inflow / Outflow -0 -0 0 -0 -0 -0 0 0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Triliance 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) 0.01 -1.08 -0.87 -1.21 -2.09 -4 -1.01 -2.38 -0.38 -0.36 0.66
CEPS(Rs) 0.01 -1.08 -0.87 -1.21 -2.09 -4 -1.01 -2.38 -0.38 -0.36 0.66
DPS(Rs) 0.3 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 15.42 14.33 13.47 12.46 10.35 6.21 5.42 3 9.29 8.94 9.59
Core EBITDA Margin(%) 0 0 0 -125.17 -244.4 -293.82 -37.98 0 0 0 0
EBIT Margin(%) 0 0 0 -125.17 -244.4 -293.82 -37.98 0 0 0 0
Pre Tax Margin(%) 0 0 0 -126.39 -246.3 -297.43 -39.46 0 0 0 0
PAT Margin (%) 0 0 0 -126.39 -246.3 -297.43 -39.46 0 0 0 0
Cash Profit Margin (%) 0 0 0 -126.39 -246.3 -297.43 -39.46 0 0 0 0
ROA(%) 0.03 -7.1 -6.13 -9.16 -17.91 -42.83 -12.19 -35.43 -7.94 -3.81 6.88
ROE(%) 0.03 -7.28 -6.24 -9.33 -18.31 -48.27 -17.33 -56.52 -8.11 -3.9 7.08
ROCE(%) 0.14 -7.11 -6.08 -9.24 -18.17 -45.4 -14.36 -44.99 -8.02 -3.82 6.63
Receivable days 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Payable days 0 0 0 0 0 0 0 0 0 0 0
PER(x) 0 0 0 0 0 0 0 0 0 0 105.65
Price/Book(x) 0 0 0 0 0 0 0 0 0 0 7.23
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0 0 0 3.61 6.11 7.76 4.14 0 0 0 0
EV/Core EBITDA(x) 87.8 -2.44 -2.66 -2.88 -2.5 -2.64 -10.91 -3.9 -26.3 -27.59 110.62
Net Sales Growth(%) 0 0 0 0 -11.45 58.5 89.99 -100 0 0 0
EBIT Growth(%) -96.13 -4989.41 20.18 -41.9 -72.91 -90.56 75.44 -143.66 -244.09 7.12 277.15
PAT Growth(%) -98.55 0 19.99 -39.59 -72.57 -91.41 74.79 -136.15 -242.03 7.07 284.79
EPS Growth(%) -98.54 0 19.99 -39.59 -72.57 -91.41 74.79 -136.15 83.94 7.06 284.8
Debt/Equity(x) 0 0 0 0 0 0.13 0.19 0.35 0.01 0.03 0.01
Current Ratio(x) 28.24 65.64 54.65 51.61 38.71 4.35 2.68 2.42 92 27.74 40.87
Quick Ratio(x) 28.24 65.64 54.65 51.61 38.71 4.35 2.68 2.42 92 27.74 40.87
Interest Cover(x) 1.63 -41.57 -74.13 -101.98 -128.16 -81.37 -25.57 -141.75 -975.5 0 3210
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Triliance Polymers Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 73.96 73.96 50.48 13.88 13.88 13.88 13.88 13.88 13.88 13.88
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 26.04 26.04 49.52 86.12 86.12 86.12 86.12 86.12 86.12 86.12
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Triliance Polymers News

Triliance Polymers Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 13.88%.
  • Company has a low return on equity of -2% over the last 3 years.
  • Stock is trading at 4.5 times its book value.
  • Earnings include an other income of Rs. 1 Cr.
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