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Axel Polymers Ltd (513642)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513642 NSE: Plastic Products | Small Cap | Axel Polymers Share Price

₹45.93 1.43 (3.21%)

As on 04-Jun'26 16:59

Axel Polymers Ltd (513642)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 513642 NSE: Plastic Products | Small Cap | Axel Polymers Share Price

₹45.93 1.43 (3.21%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹51 Cr.
Current Price
₹45.9
52-Week Low / High
₹34 / 60
TTM EPS
₹-1
TTM Sales
₹44.4 Cr.
Book Value per Share
₹23.4
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.96
Lower than its 5-year historical median
Price to Sales (P/S)
1.14
Higher than its 5-year historical median
EV/EBITDA
30.22
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
1.15%
Underperforms industry median
Return on Capital Employed (ROCE)
7.88%
Underperforms industry median
Return on Assets (ROA)
0.26%
Operating Profit Margin
5.1%
Net Profit Margin
0.22%
Gross Profit Margin
1.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-38.95%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-31.72%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-89.1%
Asset Quality
Promoter Holding
46.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹15 Cr.
Equity
₹11 Cr.
Face Value
₹10
All Time Low / High
₹0.60 / 76.00

Axel Polymers stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Axel Polymers Ltd a good quality company?
Axel Polymers 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 Axel Polymers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Axel Polymers Ltd vs industry peers?
Axel Polymers Ltd revenue CAGR is 27.81%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Axel Polymers Ltd?
Promoters hold 46.65% of the Axel Polymers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Axel Polymers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 24.8% 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.
Axel Polymers 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 % 17%17.8%13.7%14.7%11.1%12.1%17%12.6%12.9%7.9%-
Value Creation
Index
0.20.30.00.1-0.2-0.10.2-0.1-0.1-0.4-

Growth Parameters

Sales 18.521.92724.422.92372.982.712878.144
Sales YoY Gr.-18.4%22.9%-9.6%-6%0.6%216.5%13.4%54.8%-39%-
Adj EPS 0.40.30.51.10.20.41.11.41.80.2-1
YoY Gr.--13.5%59.4%113.7%-79.8%100%145.5%28.7%31.7%-90.2%-
BVPS (₹) 2.42.83.44.54.65.114.515.917.617.823.4
Adj Net
Profit
0.20.10.20.50.10.20.91.21.60.2-1
Cash Flow from Ops. -1.81.1-0.61.41.2-0.13.263.5-3.7-
Debt/CF from Ops. -3.15-12.15.46.1-638.14.27.4-9.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17.3%27.8%2.3%-39%
Adj EPS -7.7%-3.9%-45%-90.2%
BVPS25.2%30.9%7.1%1%
Share Price 26.2% 20.9% 0.3% 30.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1712.316.627.64.8912.79.2111-5
Op. Profit
Mgn %
6.35.14.96.86.16.95.76.24.55.15.5
Net Profit
Mgn %
0.90.60.81.90.40.81.31.41.20.2-2.5
Debt to
Equity
5.44.75.13.93.842.11.91.72.30.1
Working Cap
Days
185145140164181243163203142255206
Cash Conv.
Cycle
829293121122133771007515554

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales18.5321.9426.9724.3722.9023.0472.9182.65127.9278.09
Operating Expenses + 17.3720.8225.6622.7121.5021.4568.8077.53122.1274.12
Manufacturing Costs1.251.031.221.751.151.211.230.741.020.78
Material Costs14.3916.9421.9018.0717.2517.5761.8570.97114.9766.83
Employee Cost 0.821.091.491.851.991.773.583.663.743.79
Other Costs 0.911.761.041.041.110.902.152.152.392.72
Operating Profit 1.161.131.321.661.391.594.115.125.803.96
Operating Profit Margin (%) 6.3%5.1%4.9%6.8%6.1%6.9%5.6%6.2%4.5%5.1%
Other Income + 0.080.270.050.020.020.010.550.280.040.14
Exceptional Items 0000000000
Interest 0.840.930.800.910.971.112.843.162.853.23
Depreciation 0.250.210.280.330.360.370.480.540.700.56
Profit Before Tax 0.150.260.290.430.080.121.341.702.290.31
Tax 00.040.05-0.03-0.01-0.070.430.520.730.14
Profit After Tax 0.150.220.230.470.090.190.921.181.560.17
PAT Margin (%) 0.8%1.0%0.9%1.9%0.4%0.8%1.3%1.4%1.2%0.2%
Adjusted EPS (₹)0.40.50.51.10.20.41.11.41.80.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Axel Polymers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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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 + 1.011.211.461.931.992.2012.3213.5314.9915.14
Share Capital 4.304.304.304.304.304.308.528.528.528.52
Reserves -3.29-3.09-2.84-2.37-2.31-2.103.815.016.476.62
Debt +5.455.697.457.557.458.7725.9423.5024.5128.44
Long Term Debt0.670.630.550.560.461.424.946.477.096.46
Short Term Debt4.795.066.916.9977.3520.9917.0317.4221.98
Minority Interest0000000000
Trade Payables1.531.701.1712.947.1016.1715.6022.5116.74
Others Liabilities 5.065.124.993.793.633.640.932.672.597.14
Total Liabilities 13.0513.7115.0714.2816.0221.7255.3655.3164.6067.46

Fixed Assets

Net Fixed Assets +2.813.503.603.863.663.367.718.849.7710.18
Gross Block9.7910.5810.9411.5311.6911.7716.9618.6320.2521.20
Accumulated Depreciation6.987.087.347.678.048.419.249.7810.4911.02
CWIP 0.01000000000
Investments 0000000000
Inventories4.055.726.797.248.7011.1628.2732.7339.5939.46
Trade Receivables4.372.042.711.762.105.5611.397.6710.9311.03
Cash Equivalents 0.630.370.020.020.020.030.941.081.032.18
Others Assets 1.182.091.961.411.541.617.054.993.284.60
Total Assets 13.0513.7115.0714.2816.0221.7255.3655.3164.6067.46

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1.771.14-0.621.391.22-0.143.205.973.47-3.66
PBT 0.150.260.290.430.080.121.341.702.290.31
Adjustment 0.200.951.041.231.321.473.143.253.073.17
Changes in Working Capital -2.13-0.03-1.88-0.19-0.17-1.71-1.061.29-1.06-6.98
Tax Paid 0-0.04-0.05-0.09-0.01-0.02-0.22-0.27-0.83-0.16
Cash Flow From Investing Activity + 0.20-0.70-0.34-0.58-0.14-0.06-0.19-1.57-1.59-0.87
Capex -0.04-0.86-0.38-0.60-0.16-0.07-0.37-1.67-1.63-0.97
Net Investments 0000000000
Others 0.240.160.030.020.020.010.180.110.040.10
Cash Flow From Financing Activity + 1.08-0.700.97-0.81-1.080.15-2.81-3.57-1.925.69
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0.040.261.85000.960.081.520.62-0.63
Interest Paid 0-0.93-0.79-0.91-0.97-1.11-2.84-2.82-2.41-2.72
Dividend Paid 0000000000
Others 1.04-0.03-0.090.10-0.100.30-0.05-2.27-0.149.04
Net Cash Flow -0.50-0.270.02-00-0.040.210.84-0.051.16

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)16.3619.4417.3727.574.779.0112.629.1610.911.15
ROCE (%)17.0117.7713.7414.6611.1312.121712.6312.937.88
Asset Turnover Ratio1.431.831.931.661.511.221.891.492.131.18
PAT to CFO Conversion(x)-11.85.18-2.72.9613.56-0.743.485.062.22-21.53
Working Capital Days
Receivable Days88.2047.8031.2033.5030.7060.7042.4042.1026.5051.40
Inventory Days76.907382.20105127157.3098.70134.70103.20184.80
Payable Days98.8034.9023.9021.9041.70104.4068.7081.7060.50107.20

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

Axel Polymers Ltd FAQs

The current trading price of Axel Polymers on 04-Jun-2026 16:59 is ₹45.93.

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 Axel Polymers stood at ₹50.53 Cr

The latest P/E ratio of Axel Polymers as of 03-Jun-2026 is 0.00.

The latest P/B ratio of Axel Polymers as of 03-Jun-2026 is 1.96.

The 52-week high of Axel Polymers is ₹60.00 and the 52-week low is ₹34.43.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Axel Polymers is ₹44.40 ( Cr.) .

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

The key valuation ratios of Axel Polymers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Axel Polymers Ltd

Axel Polymers has contributed to being India’s largest Toll Manufacturer of Engineering Thermoplastics. Axel has been the extended manufacturing plant for many Multinationals & Indian Corporate brand owners. The company is engaged in the business of manufacturing Compounds, Blends and Alloys of Engineering, Specialty and Commodity Polymers since 1995.

Strategic Business Unit

  • Toll Manufacturing 
  • Repellants - Bed Nets 
  • Thermoplastic Compounds & Alloys

History

  • 1992 : Established Axel Polymers
  • 1994 : Axel was listed on BSE
  • 1995 : Axel Compounding Plant was ready with first set of Manufacturing infrastructure
  • 2003 : Installed second TSE line to expand the capacity and meet customers priority
  • 2005 : Added third TSE line with unique processing facilities
  • 2006 : Further added one more TSE line to take capacity to sprawling over 10000 TPA
  • 2007 : Established SBU: Repellants Manufacturing of Treated and Untreated Bed nets
  • 2010 : Axel offers unique range of Thermoplastic Compounds
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