Is Polycon International Ltd (531397) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Polycon International Ltd is a below average quality company .

Is Polycon International Ltd (531397) undervalued or overvalued?

The key valuation ratios of Polycon International Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone .

What is Polycon International Ltd (531397) share price return in the past 10 years?

Polycon International Ltd share price has appreciated 10.7% annually (CAGR) over the past ten years.

Is Polycon International Ltd (531397) a good buy now?

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

What is the share price of Polycon International Ltd (531397)?

Company share prices are keep on changing according to the market conditions. The current trading price of Polycon International Ltd (531397) on 28-Apr-2026 16:59:59 at 16:59 is 20.14.

What is the P/E ratio of Polycon International?

The latest standalone P/E ratio of Polycon International as of 28-Apr-2026 is 0.00.

What is the P/B ratio of Polycon International Ltd (531397)?

The latest standalone P/B ratio of Polycon International Ltd (531397) as of 28-Apr-2026 is 6.66.

What is the 52-week high and low of Polycon International Ltd (531397)?

The 52-week high of Polycon International Ltd (531397) is Rs. 35.00 and the 52-week low is Rs. 15.45.

Polycon International Ltd (531397) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Polycon International Ltd (531397)
Brand: Polycon International

Key Metrics

Market Cap

₹10 Cr.

P/E Ratio

0.00

Price to Book (P/B)

6.66

Price to Sales (P/S)

0.55

EV/EBITDA

37.72

Return on Capital Employed (ROCE)

6.44%

Current Price

₹20.1

Return on Equity (ROE)

4.24%

Return on Assets (ROA)

0.33%

Operating Profit Margin

6.2%

Net Profit Margin

0.65%

Gross Profit Margin

-3.4%

Book Value per Share

₹3

Sales Growth (YoY)

-4.17%

Sales Growth (3 Years)

-10.29%

Operating Profit Growth (1 Year)

-56.55%

Operating Profit Growth (3 Years)

-25.58%

Net Profit Growth (1 Year)

133.33%

52-Week Low / High

₹15 / 35

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

49.61%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Polycon International Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 10.1% based on the current price.

Q.1 Revenue growth of Polycon International Ltd?

Polycon International Ltd revenue growth is -4.2% for FY-2025, which is above its 5-year CAGR of -5.98%, indicating faster growth.

Q.1 Which industry/sub-sector does Polycon International Ltd belong to?

Polycon International Ltd belongs to the Chemicals & Fertilizers sector, operating specifically within the Plastic Products segment.

Q.1 Promoter shareholding and pledge status of Polycon International Ltd?

Promoters hold 49.61% of the Polycon International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Polycon International Ltd vs industry peers?

Polycon International Ltd revenue CAGR is -5.98%, compared to the industry median CAGR of 7%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Polycon Internatl.

Based on:

Data

M-Cap below 100cr DeciZen not available

Polycon International stock performance

Key Ratios

Is Polycon International Ltd an attractive stock to invest in?

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	8.5%	7.7%	6.1%	7.4%	-2.3%	6.9%	7.1%	6.2%	6.1%	6.4%	-
Value Creation Index ⓘ	-0.4	-0.5	-0.6	-0.5	-1.2	-0.5	-0.5	-0.6	-0.6	-0.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	36.8	39.6	35.6	37.5	30	27.6	30.6	26.2	23	22.1	18
Sales YoY Gr.	-	7.7%	-10%	5.4%	-20%	-8%	10.7%	-14.2%	-12.2%	-4.2%	-
Adj EPS ⓘ	0.5	0.5	0.1	0.3	-3.3	-0.6	-0.2	0.1	0.1	-3.1	-4.7
YoY Gr.	-	-9.4%	-75%	133.3%	-1292.9%	NA	NA	NA	-14.3%	-2658.3%	-
BVPS (₹) ⓘ	13.2	13.6	14.2	14.6	8.7	6.7	6.5	6.6	6.7	7	3
Adj Net Profit ⓘ	0.3	0.2	0.1	0.1	-1.6	-0.3	-0.1	0.1	0.1	-1.5	-2
Cash Flow from Ops. ⓘ	1.3	2.7	1.8	4.4	0.8	-0.1	2.3	-0	-0.6	-0.3	-
Debt/CF from Ops. ⓘ	16.2	8.1	11.9	5.2	28.4	-351.5	12.1	-2404.8	-54.1	-99.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-5.5%	-6%	-10.3%	-4.2%
Adj EPS ⓘ	-221.6%	NA	NA	-2658.3%
BVPSⓘ	-6.8%	-4.2%	2.9%	4.5%
Share Price	10.7%	35.6%	15.8%	2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	3.8	3.3	0.8	1.8	-26.2	-6.9	-2.7	1.8	1.6	-38.4	-93.1
Op. Profit Mgn % ⓘ	8.7	7.8	6.3	8.4	7	11.1	10.8	11.7	13.6	6.2	6.2
Net Profit Mgn % ⓘ	0.7	0.6	0.2	0.4	-5.4	-1.1	-0.3	0.3	0.3	-6.8	-12.8
Debt to Equity ⓘ	2.9	3	2.9	3	4.6	6.4	7.4	7.8	8.5	8.5	-
Working Cap Days ⓘ	154	171	202	199	250	289	299	377	467	535	326
Cash Conv. Cycle ⓘ	108	122	151	153	190	214	226	288	364	427	193

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	-4.7	-
TTM Sales (₹ Cr.)	17.9	-
BVPS (₹) ⓘ	3	-
Reserves (₹ Cr.) ⓘ	-3	-
P/BV ⓘ	6.66	-
PE ⓘ	0.00	-

From the Market
52 Week Low / High (₹)	15.45 / 35.00
All Time Low / High (₹)	2.56 / 35.00
Market Cap (₹ Cr.)	9.9
Equity (₹ Cr.)	4.9
Face Value (₹)	10
Industry PE ⓘ	39.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Polycon Internatl. - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	36.75	39.56	35.61	37.53	30.02	27.61	30.55	26.22	23.02	22.06
Operating Expenses ⓘ +	33.56	36.47	33.38	34.38	27.93	24.55	27.26	23.17	19.89	20.70
Manufacturing Costs	9.13	7.88	8.37	8.99	7.58	6.71	7.18	5.39	5.22	5.11
Material Costs	20.28	24.53	20.21	20.84	16.01	13.46	16.01	14.22	11.34	12.14
Employee Cost	2.53	2.59	3.18	3.25	3.35	3.24	3.05	2.34	2.20	2.32
Other Costs ⓘ	1.62	1.47	1.62	1.30	0.99	1.15	1.01	1.23	1.14	1.12
Operating Profit ⓘ	3.19	3.09	2.23	3.15	2.09	3.06	3.30	3.06	3.13	1.36
Operating Profit Margin (%)	8.7%	7.8%	6.3%	8.4%	7.0%	11.1%	10.8%	11.7%	13.6%	6.2%
Other Income ⓘ +	0.08	0.05	0.20	0.05	0.08	0.04	0.08	0.03	0.03	0.07
Exceptional Items ⓘ	0	0	0.35	0	-1.77	0	0	0	0	2.32
Interest ⓘ	1.91	1.81	1.40	2	2.17	2.20	2.21	1.86	2.07	2.17
Depreciation ⓘ	0.98	0.98	1.01	1	1.05	1.20	1.26	1.08	1.04	1.35
Profit Before Tax ⓘ	0.39	0.34	0.37	0.20	-2.82	-0.29	-0.09	0.15	0.05	0.23
Tax ⓘ	0.12	0.10	0.07	0.05	0.06	0.01	0.02	0.08	-0.01	0.08
Profit After Tax	0.27	0.24	0.30	0.15	-2.88	-0.30	-0.10	0.06	0.06	0.14
PAT Margin (%)	0.7%	0.6%	0.9%	0.4%	-9.6%	-1.1%	-0.3%	0.3%	0.3%	0.7%
Adjusted EPS (₹)	0.6	0.5	0.6	0.3	-5.9	-0.6	-0.2	0.1	0.1	0.3
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	7.02	7.22	7.52	7.67	4.81	3.81	3.71	3.78	3.84	3.98
Share Capital ⓘ	5.44	5.44	5.44	5.44	5.44	5.44	5.44	5.44	5.44	5.44
Reserves ⓘ	1.58	1.78	2.09	2.24	-0.62	-1.62	-1.72	-1.66	-1.60	-1.45
Debt +	17.60	19.09	18.73	19.68	19.97	22.20	23.79	28.20	32.15	33.06
Long Term Debt	9.19	10.12	9.65	10.28	10.94	13.50	14.86	18.05	22	25.78
Short Term Debt	8.41	8.97	9.08	9.40	9.03	8.69	8.93	10.15	10.14	7.28
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	1.16	1.01	1.38	1.16	2.48	2.06	3.52	2.37	2.96	3.12
Others Liabilities ⓘ	4.26	4.37	4.95	6.29	4.05	4.90	5.97	3.09	3.10	3.32
Total Liabilities ⓘ	30.05	31.68	32.58	34.80	31.32	32.97	37	37.43	42.05	43.48
Fixed Assets
Net Fixed Assets ⓘ +	10.67	11.43	11.89	11.51	10.34	9.72	9.86	8.79	8.93	9.05
Gross Block	37.15	38.89	40.35	40.91	40.70	41.22	42.61	42.63	43.60	43.95
Accumulated Depreciation	26.48	27.46	28.46	29.40	30.36	31.50	32.75	33.84	34.67	34.90
CWIP ⓘ	0.68	0.21	0.21	2.36	0	0	0	1.12	1.24	1.32
Investments ⓘ	0.02	0.01	0.02	0.02	0.01	0.02	0.03	0.03	0.03	0.03
Inventories	4.09	4.53	4.70	6.45	7.30	9.17	13.19	15.30	19.05	21.65
Trade Receivables	9.57	10.77	12.02	10.98	10.45	10.75	10.90	8.72	8.73	8.38
Cash Equivalents	0.55	1.02	0.14	0.35	0.36	0.14	0.17	0.27	0.21	0.10
Others Assets ⓘ	4.47	3.71	3.62	3.14	2.86	3.18	2.85	3.20	3.85	2.95
Total Assets ⓘ	30.05	31.68	32.58	34.80	31.32	32.97	37	37.43	42.05	43.48

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	1.25	2.66	1.81	4.35	0.77	-0.07	2.26	-0.01	-0.61	-0.34
PBT ⓘ	0.39	0.34	0.37	0.20	-1.05	-0.29	-0.09	0.15	0.05	0.23
Adjustment ⓘ	2.87	2.85	2.39	3.09	4.97	2.54	3.56	2.86	3.09	3.60
Changes in Working Capital ⓘ	-1.88	-0.41	-0.85	1.2	-1.34	-2.33	-1.22	-3.01	-3.72	-4.16
Tax Paid ⓘ	-0.14	-0.11	-0.11	-0.13	-0.04	0	0	0	-0.02	-0.01
Cash Flow From Investing Activity ⓘ +	-0.95	-1.30	-0.76	-2.76	0.69	-0.52	-1.36	-1.20	-1.34	-1.38
Capex	-1.08	-1.78	-1.46	-2.78	0.70	-0.58	-1.39	-0.02	-1.18	-1.44
Net Investments	0.05	0	-0	0	0	0	0	0	0	0
Others ⓘ	0.08	0.48	0.70	0.01	-0.01	0.05	0.04	-1.18	-0.17	0.06
Cash Flow From Financing Activity ⓘ +	0.07	-0.90	-1.93	-1.38	-1.46	0.37	-0.87	1.31	1.88	1.61
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	2.05	0	0	0	0	2.56	1.36	3.19	3.96	3.78
Interest Paid ⓘ	-1.91	-1.81	-1.40	-2	-2.17	-2.20	-2.21	-1.86	-2.07	-2.17
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-0.07	0.91	-0.53	0.61	0.71	0.01	-0.02	-0.02	-0.01	-0
Net Cash Flow ⓘ	0.37	0.46	-0.88	0.21	-0	-0.22	0.03	0.10	-0.07	-0.11

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	4.29	3.64	4.47	2.1	-50.53	-7.86	-3.14	2.01	1.91	4.24
ROCE (%)	8.45	7.68	6.13	7.38	-2.28	6.92	7.14	6.23	6.07	6.44
Asset Turnover Ratio	1.45	1.28	1.11	1.11	0.91	0.86	0.87	0.7	0.58	0.52
PAT to CFO Conversion(x)	4.63	11.08	6.03	29	N/A	N/A	N/A	-0.17	-10.17	-2.43
Working Capital Days
Receivable Days	86.50	93.80	116.80	111.90	130.30	140.10	129.30	136.60	138.40	141.60
Inventory Days	32.10	39.80	47.30	54.20	83.60	108.90	133.60	198.30	272.30	336.70
Payable Days	17.40	16.20	21.60	22.20	41.50	61.60	63.70	75.60	85.70	91.40

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Polycon International Ltd FAQs

The current trading price of Polycon Internatl. on 28-Apr-2026 16:59 is ₹20.14.

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 27-Apr-2026 the market cap of Polycon Internatl. stood at ₹9.85 Cr

The latest P/E ratio of Polycon Internatl. as of 27-Apr-2026 is 0.00.

The latest P/B ratio of Polycon Internatl. as of 27-Apr-2026 is 6.66.

The 52-week high of Polycon Internatl. is ₹35.00 and the 52-week low is ₹15.45.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polycon Internatl. is ₹17.94 ( Cr.) .

About Polycon International Ltd

Polycon International is a public company having listing on major stock exchanges of India. It is a flagship company of the dynamic business family of Baids who promoted this company in 1994 with a wide vision. The company has the mixture of experienced and young professionals to manage the affairs and is the leader in India in its field of operations. They have the international operations in Abu Dhabi in the name of Polycon Gulf Ltd. and in Nepal in the name of Polycon Nepal Ltd. Apart from this; the company is exporting its products throughout the world.

Polycon International is primarily engaged in processing various kinds of plastics like LLDPE, HDPE, PVC, PP, PET, ABS; manufacturing Rotational Moulding, Extrusions, Stretch Blow Moulding and Injection moulding products. It is a leader in the field and enjoys a brand reputation.

In rotational moulding, the name of Polycon is synonymous of water storage tanks in India. Apart from manufacturing storage tanks, the company makes a wide variety of other rotational moulded items viz. household articles, iceboxes, industrial containers and chemical storage tanks, pallets etc. In the field of extrusions, they manufacture PVC profiles for doors and windows, Rigid PVC pipes and fittings thereof. In stretch blow moulding, the company has Eleven Nissei ASB 70 DPH Japanese machines and is among the leading manufacturers of PET Bottles and Jars in India. In injection moulding, the company is engaged in the manufacture of Closures for Bottles and Jars and Telephone Equipment plastics in ABS.

The company has multiple production facilities spread out throughout the country to serve the customers in all corners, it has plants at Chennai in the south, Bhiwadi (near Gurgaon) in the north and Jaipur in western India.

The company has an all India network of dealers and distributors and has more than 1000 dealers in different parts of the country. The institutional customers include major multinationals operating in India and the national players as well. The international ventures are also doing very well and are enjoying the reputation in the entire Middle East.

The company had a Group turnover of Rs 260 million last year and is expected to do better this year as new expansions are in the pipeline.

Product range of the company includes:

Water Storage Tanks
Jars
Bottles & Caps
Telephone Sets

Future plans :

For next year

Acquisition of two more machines to cater to the rising demand for Jars; pharmacutical & Liquor bottles. The deal is already under negotiation.
Acquire 2 Vertical Machining Centres and develop in-house CAD centres to manufacture the moulds and dies faster and accurately than earlier. One is already with us and is under installation.
Acquire 2 injection molding machine to calls to closers market.

For next 3 years ending March 2011

Increase the number of PET stretch blow-moulding machines to 15 based on the projected demand of liquor, cosmetic, confectionery and pharmaceutical industry. Expansion in injection moulding division to cater the need of HFCL, Shyam Telecom and Dabur India Limited and develop new business.

Areas of Focus:

Pharmaceutical bottles
Liquor Bottles
Cosmetic bottles
Beer bottles in PET with plasma coating
Jars of confectionary and herbal products

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Polycon International Ltd (531397) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Polycon Internatl. Share Price