Polyplex Corporation Limited

Capital Goods · Industrial Products

NSE: POLYPLEX BSE: 524051

₹1055.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #73 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61
Polyplex Corporation Limited (this stock)	3,312	66.8	0.6%	0.1%	0.28%	50	50	29

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹3,493 Cr

EV / EBITDA

28.1x

EV / Sales

2.26x

Market cap / Sales

2.14x

Earnings yield

1.50%

Quarterly Financials

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Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 447 Cr, up 9.7% YoY.

↓ Negative

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 12 Cr, down 43.5% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	440	17	12	₹3.9800
March 31, 2026	401	35	29	₹9.1400
Dec. 31, 2025	331	-10	-8	₹-2.4600
Sept. 30, 2025	373	19	16	₹5.1400
June 30, 2025	392	30	22	₹7.0400
March 31, 2025	382	43	37	₹11.6800
Dec. 31, 2024	405	31	19	₹6.1200
Sept. 30, 2024	393	17	15	₹4.6800
June 30, 2024	383	10	7	₹2.0800
March 31, 2024	369	-15	-11	₹-3.6100
Dec. 31, 2023	313	-12	-9	₹-2.9000
Sept. 30, 2023	381	13	11	₹3.4400
June 30, 2023	351	1	1	₹0.1800

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	447	423	338	388	407	402	417	404	388	378	322	396	356
Operating revenue	440	401	331	373	392	382	405	393	383	369	313	381	351
Other income	7	22	7	16	15	20	11	11	6	9	9	14	5
Operating expenses	413	371	332	355	365	344	370	373	366	379	322	371	344
Operating profit	26	31	-1	18	27	38	35	20	16	-10	-9	10	7
Operating profit margin	5.9%	7.7%	-0.2%	4.7%	6.8%	10.0%	8.7%	5.1%	4.3%	-2.7%	-2.9%	2.6%	2.1%
Depreciation	12	14	13	12	10	12	13	12	10	13	12	11	10
Interest	4	3	2	2	2	3	3	2	2	1	1	1	1
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	17	35	-10	19	30	43	31	17	10	-15	-12	13	1
Tax	4	7	-3	3	7	7	12	2	3	-4	-3	2	0
Net profit	12	29	—	16	22	37	19	15	7	-11	-9	11	1
EPS	3.98	9.14	-2.46	5.14	7.04	11.68	6.12	4.68	2.08	-3.61	-2.90	3.44	0.18
Net profit (TTM)	—	—	—	94	93	77	29	1	-3	-9	-9	148	175
EPS (TTM)	15.80	18.86	21.40	29.98	29.52	24.56	9.27	0.25	-0.99	-2.89	-2.88	47.01	55.79

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,497	74	59
March 31, 2025	1,563	101	77
March 31, 2024	1,414	-14	-9
March 31, 2023	1,648	321	295

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	-6.5%	-1.0%	1,556^†	1,611^†	1,451^†	1,905^†	2,122^†	1,638^†	1,493^†	1,541^†	1,170^†	973^†
Operating revenue	-3.1%	2.9%	1,497	1,563	1,414	1,648	1,785^†	1,299^†	1,273^†	1,348^†	1,104^†	942^†
Other income	—	—	59^†	49^†	37^†	257^†	337^†	339^†	220^†	193^†	65^†	31^†
Operating expenses	—	—	1,423^†	1,453^†	1,415^†	1,535^†	1,514^†	1,078^†	1,123^†	1,203^†	1,027^†	858^†
Operating profit	-13.0%	-19.6%	74^†	110^†	-2^†	113^†	271^†	221^†	150^†	145^†	77^†	84^†
Operating profit margin	—	—	5.0%^†	7.0%^†	-0.1%^†	6.9%^†	15.2%^†	17.0%^†	11.8%^†	10.8%^†	7.0%^†	8.9%^†
Depreciation	—	—	50^†	47^†	46^†	48^†	51^†	57^†	55^†	45^†	48^†	58^†
Interest	—	—	9^†	10^†	3^†	1^†	2^†	3^†	3^†	6^†	16^†	7^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	-38.7%	-31.7%	74	101	-14	321	555^†	499^†	313^†	287^†	79^†	44^†
Tax	—	—	15^†	24^†	-5^†	27^†	63^†	45^†	83^†	59^†	20^†	7^†
Net profit	-41.4%	-33.4%	59	77	-9	295	491^†	453^†	230^†	228^†	59^†	36^†
EPS	-41.4%	-33.4%	18.86^†	24.56^†	-2.89^†	93.85^†	156.56^†	144.36^†	71.86^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	5.0%^†	7.0%^†	-0.1%^†	6.9%^†	15.2%^†	17.0%^†	11.8%^†	10.8%^†	7.0%^†	8.9%^†
EBIT margin	5.6%^†	7.1%^†	-0.7%^†	19.6%^†	31.2%^†	38.6%^†	24.8%^†	21.8%^†	8.6%^†	5.4%^†
PBT margin	5.0%	6.5%	-1.0%	19.5%	31.1%^†	38.4%^†	24.6%^†	21.3%^†	7.2%^†	4.7%^†
Net margin	4.0%	4.9%	-0.6%	17.9%	27.5%^†	34.9%^†	18.1%^†	16.9%^†	5.3%^†	3.9%^†
Interest coverage	8.89x^†	11.01x^†	-3.02x^†	453.80x^†	251.92x^†	174.83x^†	114.42x^†	45.79x^†	6.01x^†	6.89x^†
Dividend payout	34.5%^†	40.7%^†	—	75.7%^†	63.9%^†	83.8%^†	72.4%^†	—	—	—
Earnings retention	65.5%^†	59.3%^†	—	24.3%^†	36.1%^†	16.2%^†	27.6%^†	—	—	—
Current ratio	2.57x	3.47x	—	—	—	—	—	—	—	—
Quick ratio	1.57x	2.01x	—	—	—	—	—	—	—	—
Debt to equity	0.32x	0.18x	—	—	—	—	—	—	—	—
Return on equity	7.9%	10.8%	—	—	—	—	—	—	—	—
Return on assets	5.5%	8.4%	—	—	—	—	—	—	—	—
Return on capital employed	9.7%^†	14.4%^†	—	—	—	—	—	—	—	—
Asset turnover	1.39x	1.70x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	102	-140	79	161	-60
March 31, 2025	112	-89	-24	89	22
March 31, 2024	-44	-8	56	34	-77
March 31, 2023	158	225	-386	38	120
March 31, 2022	142	271	-410	33	109

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,081	754	722	140	100	563	219	59	283	220
March 31, 2025	920	713	681	70	58	513	148	19	257	216
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.