MoneyWorks4Me

Polyspin Exports Ltd (POLYSPIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539354 NSE: POLYSPIN Plastic Products | Small Cap | Polyspin Exports Share Price

₹29.08 -2.69 (-8.47%)

As on 25-Sep'26 16:59

Polyspin Exports Ltd (POLYSPIN)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 539354 NSE: POLYSPIN Plastic Products | Small Cap | Polyspin Exports Share Price

₹29.08 -2.69 (-8.47%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹29 Cr.
Current Price
₹29.1
52-Week Low / High
₹25 / 43
TTM EPS
₹5.7
TTM Sales
₹222 Cr.
Book Value per Share
₹70.4
P/E Ratio
5.14
Lower than its 5-year historical median
Industry PE
37.1
Price to Book (P/B)
0.41
Lower than its 5-year historical median
Price to Sales (P/S)
0.13
Lower than its 5-year historical median
EV/EBITDA
5.74
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
5.71%
Underperforms industry median
Return on Capital Employed (ROCE)
7.69%
Underperforms industry median
Return on Assets (ROA)
2.30%
Operating Profit Margin
5.3%
Net Profit Margin
1.68%
Gross Profit Margin
4.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.28%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-17.76%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
3.27%
Asset Quality
Promoter Holding
47.03%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹65 Cr.
Equity
₹5 Cr.
Face Value
₹5
All Time Low / High
₹7.82 / 98.00

Polyspin Exports stock performance

Key Ratios
mw4me loader

Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Polyspin Exports Ltd a good quality company?
Polyspin Exports 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 Polyspin Exports Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Polyspin Exports Ltd vs industry peers?
Polyspin Exports Ltd revenue CAGR is -0.77%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Polyspin Exports Ltd?
Promoters hold 47.03% of the Polyspin Exports Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Polyspin Exports Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 1.1% based on the current price.

10 Year X-Ray :

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.
Polyspin Exports 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ14.7%17.2%19%13.1%14.8%14.5%4.8%0.3%10.5%8.3%-
Value Creation
Index ⓘ
0.10.20.4-0.10.10.0-0.7-1.0-0.3-0.4-

Growth Parameters ⓘ

Sales ⓘ154181212166235277208202225226222
Sales YoY Gr.-17.1%17.3%-21.6%41.2%18.1%-24.8%-2.9%11.3%0.3%-
Adj EPS ⓘ5.757.11.65.35.61.3-3.62.21.83.6
YoY Gr.--12.1%42.8%-78.3%243.2%4.7%-77%-378.9%NA-20.1%-
BVPS (₹) ⓘ21.5263337.945.654.353.351.454.659.460.3
Adj Net
Profit ⓘ
5.757.11.65.35.61.3-3.62.21.84
Cash Flow from Ops. ⓘ43.114.911-9.413.211.17.8-9.332.4-
Debt/CF from Ops. ⓘ12.317.54.15.6-8.55.96.39.7-9.22.2-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ4.3%-0.8%2.7%0.3%
Adj EPS ⓘ-12.1%-19.6%11.8%-20.1%
BVPSⓘ12%5.5%3.7%8.9%
Share Price 1.1% -18.4% -15.8% -18.8%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
29.221.124.24.412.711.22.4-6.84.23.26.1
Op. Profit
Mgn % ⓘ
10.18.58.86.16.96.13.30.56.85.34.6
Net Profit
Mgn % ⓘ
3.72.83.40.92.320.6-1.810.81.6
Debt to
Equity ⓘ
2.32.11.91.61.71.41.31.51.61.2-
Working Cap
Days ⓘ
11011010613111011415915914714788
Cash Conv.
Cycle ⓘ
5055547678801039810111024

Valuation of Polyspin Exports - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales171.62180.84212.03166.19234.62276.97208.23202.21225.14225.76
Operating Expenses ⓘ + 158.92165.52195.38156.12218.73260.30203.74202.58210.61213.81
Manufacturing Costs22.5220.9825.1821.8833.6638.8735.7738.2140.0836.97
Material Costs101.20106.28127.6595.44139.74162.73114.48115.14118.20126.41
Employee Cost 21.8825.9529.6929.1231.4332.9930.1134.8739.9439.54
Other Costs ⓘ 13.3212.3212.869.6813.8925.7223.3814.3412.3910.89
Operating Profit ⓘ 12.7015.3216.6410.0715.8916.674.49-0.3614.5311.95
Operating Profit Margin (%) 7.4%8.5%7.8%6.1%6.8%6.0%2.2%-0.2%6.5%5.3%
Other Income ⓘ + 0.760.452.856.084.375.884.333.603.703.77
Exceptional Items ⓘ 0000000000
Interest ⓘ 5.145.235.625.255.775.383.564.497.106.32
Depreciation ⓘ 3.082.903.033.523.663.872.743.174.384.60
Profit Before Tax ⓘ 5.257.6410.847.3810.8313.292.51-4.426.754.80
Tax ⓘ 1.872.623.542.123.344.290.42-1.663.081.01
Profit After Tax 3.385.027.315.277.5092.09-2.763.673.79
PAT Margin (%) 2.0%2.8%3.5%3.2%3.2%3.3%1.0%-1.4%1.6%1.7%
Adjusted EPS (₹)3.45.07.35.38.79.25.4-2.84.15.6
Dividend Payout Ratio (%)14.20%9.60%6.60%4.60%6.90%6.50%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 21.9026.4133.5438.5247.4756.4259.8358.5463.1069.62
Share Capital ⓘ 4444555555
Reserves ⓘ 17.9022.4129.5434.5242.4751.4254.8353.5458.1064.62
Debt +45.1549.8856.2157.8876.1572.4864.7269.8681.6364.24
Long Term Debt12.028.8211.2810.217.9718.5213.2920.5215.3621.83
Short Term Debt33.1441.0544.9447.6768.1853.9651.4249.3466.2742.40
Minority Interest0000000000
Trade Payables14.4115.8415.841010.447.9820.2316.856.1811.47
Others Liabilities ⓘ 13.6112.5115.2712.6015.3719.7916.8714.0915.6217.65
Total Liabilities ⓘ 95.07104.65120.86119.01149.42156.67161.65159.34166.54162.97

Fixed Assets

Net Fixed Assets ⓘ +39.7538.2338.2445.3245.7943.2642.8337.3050.1148.59
Gross Block56.5657.7460.2370.1873.9774.1677.4767.2284.1486.56
Accumulated Depreciation16.8119.5121.9824.8628.1930.9034.6529.9234.0337.98
CWIP ⓘ 0.040.256.662.4400.356.8915.6200.01
Investments ⓘ 1.101.101.241.332.592.767.217.859.2212.89
Inventories20.4824.3326.7224.5547.1528.7146.2436.9737.8837.54
Trade Receivables18.0824.8121.2024.3525.7440.2332.2429.9144.7234.91
Cash Equivalents 4.555.2411.6313.3915.7221.9811.568.629.3717.26
Others Assets ⓘ 11.0610.6815.167.6312.4419.3814.6723.0715.2511.77
Total Assets ⓘ 95.07104.65120.86119.01149.42156.67161.65159.34166.54162.97
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 3.983.0514.9410.99-9.3513.2011.147.76-9.3432.40
PBT ⓘ 5.257.6610.997.4712.0813.511.28-5.285.644.80
Adjustment ⓘ 8.727.137.917.518.137.976.676.609.409.55
Changes in Working Capital ⓘ -5.74-9.74-0.55-1.43-27.91-3.885.496.55-24.8619.19
Tax Paid ⓘ 0-1.99-3.41-2.55-1.65-4.39-2.29-0.120.48-1.14
Cash Flow From Investing Activity ⓘ + -2.79-2.41-15.03-9.79-1.17-0.48-7.72-8.504.34-12.26
Capex -3.12-1.66-10.10-6.42-2.09-1.82-10.15-12.243.93-3.06
Net Investments -0.05-1.05-5.36-4.05-0.090.501.702.75-0.45-10.03
Others ⓘ 0.370.290.440.681.010.850.740.990.860.83
Cash Flow From Financing Activity ⓘ + -1.22-0.281.12-3.4912.77-6.29-12.150.665.24-20.29
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -2.05-3.202.45-1.06-2.2410.55-5.737.48-6.839.22
Interest Paid ⓘ 0-4.46-4.67-4.62-5.26-4.82-3.32-4.09-5.42-5.71
Dividend Paid ⓘ -0.56-0.53-0.55-0.55-0.23-0.57-0.57-0.05-0.050
Others ⓘ 1.387.913.882.7420.49-11.45-2.54-2.6917.54-23.79
Net Cash Flow ⓘ -0.040.361.03-2.292.246.43-8.73-0.080.24-0.15
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)21.6120.7924.3814.6217.4417.333.59-4.676.045.71
ROCE (%)18.9217.1118.8912.9914.6714.34.590.059.817.69
Asset Turnover Ratio2.441.811.881.391.751.811.311.261.381.37
PAT to CFO Conversion(x)1.180.612.042.09-1.251.475.33N/A-2.548.55
Working Capital Days
Receivable Days26.3043.3039.605038.9043.5063.5056.1060.5064.30
Inventory Days31.1045.2043.9056.3055.705065.6075.1060.7060.90
Payable Days30.605245.3049.4026.7020.704558.8035.6025.50

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Polyspin Exports Ltd FAQs

The current trading price of Polyspin Exports on 25-Sep-2026 16:59 is ₹29.08.

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 24-Sep-2026 the market cap of Polyspin Exports stood at ₹29.08 Cr

The latest P/E ratio of Polyspin Exports as of 24-Sep-2026 is 8.01.

The latest P/B ratio of Polyspin Exports as of 24-Sep-2026 is 0.48.

The 52-week high of Polyspin Exports is ₹42.98 and the 52-week low is ₹25.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Polyspin Exports is ₹222 ( Cr.) .

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

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

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

About Polyspin Exports Ltd

Polyspin Exports was incorporated as a private limited company on March 29, 1985. It was converted into a public limited company January 19, 1993. It is a Rajapalayam-based company.

The company is engaged in the manufacture and sale of PP woven FIBC bags. These bags are air permeable and are widely used in developed countries for packing  vegetables .The company is a 100% export-oriented unit (EOU).

Presently, the company is engaged in the manufacture of HDPE/PP woven, circular, flat and label bags and HDPE/PP polyknit bags.

The plant of the company is located at Rajapalayam, Tamil Nadu. It has an installed capacity to manufacture 2,400 tons of PP woven FIBC bags.

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