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Bai-Kakaji Polymers Ltd (544670)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544670 NSE: Plastic Products | Small Cap | Bai-Kakaji Polymers Share Price

₹166.50 -7.95 (-4.56%)

As on 04-Jun'26 16:59

Bai-Kakaji Polymers Ltd (544670)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544670 NSE: Plastic Products | Small Cap | Bai-Kakaji Polymers Share Price

₹166.50 -7.95 (-4.56%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹356 Cr.
Current Price
₹166.5
52-Week Low / High
₹143 / 220
TTM EPS
₹12.3
TTM Sales
₹354 Cr.
Book Value per Share
₹80.5
P/E Ratio
13.53
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
2.07
Price to Sales (P/S)
1.01
Lower than its 5-year historical median
EV/EBITDA
8.14
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
40.87%
Outperforms industry median
Return on Capital Employed (ROCE)
26.27%
Outperforms industry median
Return on Assets (ROA)
12.10%
Operating Profit Margin
10.4%
Net Profit Margin
5.58%
Gross Profit Margin
10.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.37%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
61.27%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
93.71%
Asset Quality
Promoter Holding
74.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹151 Cr.
Equity
₹21.4 Cr.
Face Value
₹10
All Time Low / High
₹143.10 / 220.00

Bai-Kakaji Polymers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Bai-Kakaji Polymers Ltd a good quality company?
Bai-Kakaji Polymers Ltd is a weak quality company, based on a inconsistent 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.

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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.

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How does Bai-Kakaji Polymers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Bai-Kakaji Polymers Ltd vs industry peers?
Bai-Kakaji Polymers Ltd revenue CAGR is 18.93%, compared to the industry median CAGR of 4.30%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Bai-Kakaji Polymers Ltd?
Promoters hold 74.07% of the Bai-Kakaji Polymers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Bai-Kakaji Polymers Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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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.
Bai-Kakaji Polymers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ11.8%13.2%20.7%26.3%-
Value Creation
Index ⓘ		-0.2-0.10.50.9-

Growth Parameters ⓘ
Sales ⓘ193273295325354
Sales YoY Gr.-41.1%8%10.4%-
Adj EPS ⓘ2.62.55.911.412.3
YoY Gr.--0.8%132.3%93.9%-
BVPS (₹) ⓘ13.916.522.53480.5
Adj Net
Profit ⓘ		449.31826
Cash Flow from Ops. ⓘ7.51321.4-9.9-
Debt/CF from Ops. ⓘ6.33.51.9-11-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA18.9%10.4%
Adj EPS ⓘNANA64.7%93.9%
BVPSⓘNANA34.9%51.3%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		18.516.730.340.521.5
Op. Profit
Mgn % ⓘ		6.65.37.110.4NAN
Net Profit
Mgn % ⓘ		2.11.53.25.57.4
Debt to
Equity ⓘ		2.21.81.22-
Working Cap
Days ⓘ		05961830
Cash Conv.
Cycle ⓘ		04042510

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales193273295325
Operating Expenses ⓘ + 181259274291
Manufacturing Costs17242226
Material Costs157223237252
Employee Cost 1225
Other Costs ⓘ 510128
Operating Profit ⓘ 13142134
Operating Profit Margin (%) 6.6%5.3%7.1%10.4%
Other Income ⓘ + 2226
Exceptional Items ⓘ 0000
Interest ⓘ 3445
Depreciation ⓘ 7778
Profit Before Tax ⓘ 561126
Tax ⓘ 1228
Profit After Tax 44918
PAT Margin (%) 2.1%1.5%3.2%5.6%
Adjusted EPS (₹)2.62.76.011.5
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Bai-Kakaji 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'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 22263554
Share Capital ⓘ 2222
Reserves ⓘ 20243351
Debt +464340105
Long Term Debt30846
Short Term Debt43433259
Minority Interest0000
Trade Payables46813
Others Liabilities ⓘ 7161531
Total Liabilities ⓘ 799198202

Fixed Assets

Net Fixed Assets ⓘ +383646103
Gross Block697587151
Accumulated Depreciation31394048
CWIP ⓘ 0100
Investments ⓘ 0000
Inventories15192341
Trade Receivables15211931
Cash Equivalents 2531
Others Assets ⓘ 99627
Total Assets ⓘ 799198202

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 71321-10
PBT ⓘ 561126
Adjustment ⓘ 1010113
Changes in Working Capital ⓘ -7-21-32
Tax Paid ⓘ -1-1-1-6
Cash Flow From Investing Activity ⓘ + -13-8-13-63
Capex -8-6-18-65
Net Investments -2-323
Others ⓘ -313-1
Cash Flow From Financing Activity ⓘ + 5-5-874
Net Proceeds from Shares ⓘ 0000
Net Proceeds from Borrowing ⓘ -25-3834
Interest Paid ⓘ -3-3-45
Dividend Paid ⓘ 0000
Others ⓘ 332-1334
Net Cash Flow ⓘ -00-00

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.8617.4830.5940.87
ROCE (%)11.7613.220.6526.27
Asset Turnover Ratio2.443.23.112.17
PAT to CFO Conversion(x)1.753.252.33-0.56
Working Capital Days
Receivable Days28.9024.5025.2028
Inventory Days28.5022.5025.7035.80
Payable Days8.808.2010.7015

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Bai-Kakaji Polymers Ltd FAQs

The current trading price of Bai-Kakaji Polymers on 04-Jun-2026 16:59 is ₹166.5.

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 Bai-Kakaji Polymers stood at ₹356.4 Cr

The latest P/E ratio of Bai-Kakaji Polymers as of 03-Jun-2026 is 13.53.

The latest P/B ratio of Bai-Kakaji Polymers as of 03-Jun-2026 is 2.07.

The 52-week high of Bai-Kakaji Polymers is ₹220.0 and the 52-week low is ₹143.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bai-Kakaji Polymers is ₹354 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Bai-Kakaji Polymers Ltd is a below average quality company.

The key valuation ratios of Bai-Kakaji Polymers 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 Bai-Kakaji Polymers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Bai-Kakaji Polymers Ltd

Bai Kakaji Polymers was originally incorporated as a private limited company under the name Harikishan Minerals Private Limited on July 30, 2013. Subsequently, the name of the company was changed to Bai-Kakaji Polymers Private Limited pursuant to a special resolution passed by the shareholders on March 30, 2015. The company was later converted into a public limited company following a special resolution passed by the shareholders at the Extraordinary General Meeting held on March 18, 2025. As a result, the name of the company was changed from Bai-Kakaji Polymers Private Limited to Bai-Kakaji Polymers Limited on April 09, 2025.

The company is primarily engaged in the business of manufacturing of PET preforms, Plastic caps and closures. These are important parts of packaging used in many consumer products. Its products find diverse applications across various industries including packaged drinking water, carbonated beverages, juices and dairy products. All its products go through strict quality checks to make sure they meet the required standards. The company has grown into a larger company focused on making PET bottle caps in different shapes, sizes, and colours, along with cap handles used in many applications.

It also offers shrink and adhesive films to support its existing customers with a complete packaging solution. The company is certified with ISO 9001:2015 by Euro UK Accreditation Licensing Services, Austria. This certification covers the manufacturing, packing, and dispatch of PP/HDPE caps and closures (using compression and injection moulding) and PET preforms (using injection moulding) for the food and beverage industry. 

Business area of the company 

The company is primarily engaged in the business of manufacturing of PET preforms, Plastic caps and closures. Its products find diverse applications across various industries including packaged drinking water, carbonated beverages, juices and dairy products.

Products of the company

Caps and Closures

  • Alaska Water Cap
  • Short Neck Water Cap
  • Short Neck Juice Cap
  • CSD Cap 1881 with Liner
  • CSD Cap 1881 without Liner
  • Juice Cap Single Piece
  • Bottle Cap

PREFORMS

  • Pet Preforms

Awards, accreditations and recognition

  • January 19, 2023: The company honoured by Modern Plastics in Mumbai as the ‘Fastest Growing Regional PET Preform Manufacturer’.

History and milestones

  • 2013-14: Incorporation of the company.
  • 2019-20: Crossed Revenue of Rs 100 crore.
  • 2022-23: Crossed Revenue of Rs 200 crore.
  • 2024-25: Company converted from Private Limited Company to Public Limited Company.
  • 2024-25: Acquisition of Bai -Kakaji Industries a solo proprietorship firm.

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