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Ashish Polyplast Ltd (530429)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530429 NSE: Plastic Products | Small Cap | Ashish Polyplast Share Price

₹28.30 0.23 (0.82%)

As on 04-Jun'26 16:59

Ashish Polyplast Ltd (530429)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 530429 NSE: Plastic Products | Small Cap | Ashish Polyplast Share Price

₹28.30 0.23 (0.82%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹10 Cr.
Current Price
₹28.3
52-Week Low / High
₹26 / 46
TTM EPS
₹0.4
TTM Sales
₹15 Cr.
Book Value per Share
₹20.1
P/E Ratio
73.96
Higher than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.41
Lower than its 5-year historical median
Price to Sales (P/S)
0.64
Higher than its 5-year historical median
EV/EBITDA
20.10
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
3.75%
Underperforms industry median
Return on Capital Employed (ROCE)
6.85%
Underperforms industry median
Return on Assets (ROA)
3.02%
Operating Profit Margin
3.9%
Net Profit Margin
1.55%
Gross Profit Margin
4.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
0.44%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
3.28%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-70.24%
Asset Quality
Promoter Holding
62.09%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3 Cr.
Equity
₹3.4 Cr.
Face Value
₹10
All Time Low / High
₹1.50 / 95.35

Ashish Polyplast stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Ashish Polyplast Ltd a good quality company?
Ashish Polyplast Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Ashish Polyplast Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ashish Polyplast Ltd vs industry peers?
Ashish Polyplast Ltd revenue CAGR is 4.71%, compared to the industry median CAGR of 4.71%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Ashish Polyplast Ltd?
Promoters hold 62.09% of the Ashish Polyplast Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ashish Polyplast Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.8% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ashish Polyplast Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 6%7.2%6.6%5.6%4.6%8.4%9.9%5.5%15.6%6.9%-
Value Creation
Index
-0.6-0.5-0.5-0.6-0.7-0.4-0.3-0.60.1-0.5-

Growth Parameters

Sales 1112.212.81412.712.716.21615.91615
Sales YoY Gr.-11%4.9%8.8%-8.8%-0.1%27.8%-1.3%-0.6%0.4%-
Adj EPS 0.30.50.60.50.5110.62.10.70.4
YoY Gr.-53.1%28.6%-22.2%10.2%79.6%-2.1%-41.1%273.2%-65.6%-
BVPS (₹) 13.912.813.413.814.215.216.116.619.119.820.1
Adj Net
Profit
0.10.20.20.20.20.30.30.20.70.30
Cash Flow from Ops. 1.2-0.20.61.10.70.50.30.71.70.6-
Debt/CF from Ops. 0.9-8.32.40.910.93.620.20.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 4.3%4.7%-0.5%0.4%
Adj EPS 9.4%5.9%-8.8%-65.6%
BVPS4%6.8%7.2%3.6%
Share Price 11.9% 18.8% 12% -28.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.43.74.93.63.86.66.13.411.73.71.9
Op. Profit
Mgn %
4.94.74.34.33.83.43.83.843.93.5
Net Profit
Mgn %
11.41.71.21.42.621.24.51.50.9
Debt to
Equity
0.20.40.30.20.20.10.20.30.100
Working Cap
Days
1641481491241211138786756332
Cash Conv.
Cycle
1049411110098877172554213

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales11.0112.2212.8213.9512.7212.7116.2416.0315.9416.01
Operating Expenses + 10.4811.6412.2613.3512.2812.2815.6315.4315.3315.39
Manufacturing Costs0.530.540.550.570.580.480.540.610.710.67
Material Costs9.2010.2810.941210.7911.0314.2613.9413.7213.69
Employee Cost 0.330.320.350.360.390.410.430.400.390.39
Other Costs 0.410.500.420.410.510.360.400.480.510.64
Operating Profit 0.530.580.550.600.450.440.610.600.610.63
Operating Profit Margin (%) 4.8%4.7%4.3%4.3%3.5%3.4%3.8%3.8%3.9%3.9%
Other Income + 0.010.030.040.010.020.240.210.030.760.13
Exceptional Items 000-0.08000000
Interest 0.190.180.150.120.100.040.110.110.110.09
Depreciation 0.170.190.190.200.210.210.230.260.280.29
Profit Before Tax 0.180.240.250.210.160.430.490.260.980.38
Tax 0.080.070.030.1000.100.160.070.130.13
Profit After Tax 0.100.170.220.110.150.330.320.190.840.25
PAT Margin (%) 0.9%1.4%1.7%0.8%1.2%2.6%2.0%1.2%5.3%1.6%
Adjusted EPS (₹)0.30.50.60.30.51.01.00.62.50.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Ashish Polyplast - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4.704.334.554.674.835.155.465.636.486.72
Share Capital 3.403.403.403.403.403.403.403.403.403.40
Reserves 1.310.941.161.271.441.762.062.233.083.32
Debt +1.071.571.420.920.650.391.011.410.230.15
Long Term Debt0.200.170.130.060000.310.230.15
Short Term Debt0.871.401.290.850.650.391.011.1000
Minority Interest0000000000
Trade Payables1.140.740.670.620.550.530.430.500.900.50
Others Liabilities 0.630.930.680.640.660.470.600.440.670.78
Total Liabilities 7.547.577.326.856.696.547.507.988.288.15

Fixed Assets

Net Fixed Assets +1.851.831.742.021.951.742.152.622.422.23
Gross Block3.912.022.112.592.662.673.303.823.883.98
Accumulated Depreciation2.060.190.370.570.710.931.151.201.461.75
CWIP 0000000000
Investments 000.340.410.590.941.261.382.073.07
Inventories2.752.592.622.241.932.082.382.121.571.34
Trade Receivables1.782.202.252.041.911.351.521.401.261.04
Cash Equivalents 0.180.090.0100.020.050.100.360.760.23
Others Assets 0.980.860.370.140.280.390.090.100.200.22
Total Assets 7.547.577.326.856.696.547.507.988.288.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 1.15-0.200.621.140.720.450.280.731.720.61
PBT 0.180.240.250.290.160.430.490.260.980.38
Adjustment 0.390.350.320.330.360.030.140.39-0.320.36
Changes in Working Capital 0.68-0.720.130.590.30.08-0.150.221.140
Tax Paid -0.06-0.06-0.08-0.06-0.09-0.07-0.14-0.08-0.06-0.10
Cash Flow From Investing Activity + -0.22-0.14-0.40-0.52-0.33-0.12-0.75-0.82-0.05-0.97
Capex -0.23-0.17-0.10-0.48-0.12-0.01-0.63-0.700.10-0.10
Net Investments 00-0.33-0.05-0.22-0.12-0.12-0.12-0.15-0.88
Others 00.030.020.010.0100.01000.01
Cash Flow From Financing Activity + -0.850.31-0.30-0.62-0.37-0.300.510.35-1.28-0.16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.20-0.03-0.03-0.07-0.06000.38-0.07-0.08
Interest Paid -0.19-0.18-0.15-0.12-0.10-0.04-0.11-0.11-0.11-0.09
Dividend Paid 0000000000
Others -0.860.52-0.11-0.43-0.20-0.260.620.09-1.100
Net Cash Flow 0.08-0.02-0.08-0.010.020.030.050.260.39-0.53

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.163.74.852.43.216.636.063.4113.93.75
ROCE (%)67.186.645.634.648.419.925.4915.646.85
Asset Turnover Ratio1.641.821.7921.91.952.342.11.991.98
PAT to CFO Conversion(x)11.5-1.182.8210.364.81.360.883.842.052.44
Working Capital Days
Receivable Days55.5052.8060.9055.205646.2031.9032.8029.9025.90
Inventory Days79.5070.9071.3062.505956.9049.6050.5041.6032.80
Payable Days35.1033.3023.6019.7019.7017.9012.3012.2018.6018.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ashish Polyplast Ltd FAQs

The current trading price of Ashish Polyplast on 04-Jun-2026 16:59 is ₹28.30.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Ashish Polyplast stood at ₹9.61 Cr

The latest P/E ratio of Ashish Polyplast as of 03-Jun-2026 is 73.96.

The latest P/B ratio of Ashish Polyplast as of 03-Jun-2026 is 1.41.

The 52-week high of Ashish Polyplast is ₹46.00 and the 52-week low is ₹26.15.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ashish Polyplast is ₹15.02 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ashish Polyplast Ltd is a average quality company.

The key valuation ratios of Ashish Polyplast Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Ashish Polyplast Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Ashish Polyplast Ltd

Ashish Polyplast, incorporated in the year 1994, is a well known organization engaged in offering its clients with hoses and hose assemblies, which not only cater to the requirements of the clients, but also exceeds their expectations. They are one of the distinguished manufacturers and exporters of a wide range of Premium Braided Hoses, and Flexible PVC Hoses. Initially, the organization offered Premium Braided Hose under the brand name of 'REAL ON', which is the industrial high pressure nylon, reinforced flexible hose with the latest technology. Moreover, their sister concern Ashish Agroplast has been manufacturing 'ASHISH REALFLEX' plastic reinforced hoses for agricultural applications for many years.

Their range comprises Realon Air & Pneumatic Hose – Transparent, Realon Welding Hose - Red & Blue, Realon Water Hose, Realon Car Washing Hose, and Realon Rock Drilling Hose – Transparent. Further, we also hold expertise in offering Ashish Realflex Medium Duty PVC Hose, Ashish Realflex Heavy Duty Hose –Grey, Ashish Realflex Oil Hose –Blue, Ashish Realflex Duct Hose – Grey, and Ashish Realflex Non-Toxic Hose – Transparent.

Widely known for the features like abrasion resistance, crush and kink resistance, resistance to chemicals, light weight, and weather proof, its range finds application in Agriculture Industry, Chemical Industry, Petrochemical Industry, Fire fighting, and Construction & Engineering Industries. With an integrated manufacturing unit and support of a diligent team, it has been able to establish a strong foothold in the various parts of the world like India, Middle East, Gulf countries, South Africa, Bangladesh, Sri Lanka and Nepal.

Products:

1. Premium Braided Hoses

  • Realon Water Hose
  • Realon Car Washing Hose
  • Realon Welding Hose - Red & Blue
  • Realon Rock Drilling Hose - Transparent
  • Realon Air & Pneumatic Hose - Transparent

2. Flexible PVC Hose

  • Ashish Realflex Duct Hose - Grey
  • Ashish Realflex Medium Duty PVC Hose
  • Ashish Realflex Oil Hose -Blue
  • Ashish Realflex Non-Toxic Hose - Transparent
  • Ashish Realflex Heavy Duty Hose -Grey
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