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Polyspin Exports Ltd (539354)

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

₹28.56 -1.50 (-4.99%)

As on 04-Jun'26 16:59

Polyspin Exports Ltd (539354)

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

₹28.56 -1.50 (-4.99%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹29 Cr.
Current Price
₹28.6
52-Week Low / High
₹25 / 43
TTM EPS
₹3.9
TTM Sales
₹226 Cr.
Book Value per Share
₹59.4
P/E Ratio
7.33
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
0.48
Lower than its 5-year historical median
Price to Sales (P/S)
0.13
Lower than its 5-year historical median
EV/EBITDA
5.40
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
7.14%
Outperforms industry median
Return on Capital Employed (ROCE)
10.47%
Outperforms industry median
Return on Assets (ROA)
2.44%
Operating Profit Margin
6.8%
Net Profit Margin
1.68%
Gross Profit Margin
5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.34%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
46.83%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹54 Cr.
Equity
₹5 Cr.
Face Value
₹5
All Time Low / High
₹7.82 / 98.00

Polyspin Exports stock performance

Key Ratios
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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 6.26%, 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 Polyspin Exports Ltd?
Promoters hold 46.83% 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 8.7% 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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.5%14.7%17.2%19%13.1%14.8%14.5%4.8%0.3%10.5%-
Value Creation
Index
0.10.10.20.4-0.10.10.0-0.7-1.0-0.3-

Growth Parameters

Sales 136154181212166235277208202225226
Sales YoY Gr.-13.8%17.1%17.3%-21.6%41.2%18.1%-24.8%-2.9%11.3%-
Adj EPS 4.35.757.11.65.35.61.3-3.62.23.9
YoY Gr.-33.6%-12.1%42.8%-78.3%243.2%4.7%-77%-378.9%NA-
BVPS (₹) 17.621.5263337.945.654.353.351.454.659.4
Adj Net
Profit
4.35.757.11.65.35.61.3-3.62.24
Cash Flow from Ops. 3.243.114.911-9.413.211.17.8-9.3-
Debt/CF from Ops. 14.112.317.54.15.6-8.55.96.39.7-9.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.8%6.3%-6.7%11.3%
Adj EPS -6.9%7.6%-26.2%NA
BVPS13.4%7.6%0.2%6.1%
Share Price 8% -14.6% -19.1% -20.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2629.221.124.24.412.711.22.4-6.84.26.8
Op. Profit
Mgn %
910.18.58.86.16.96.13.30.56.85
Net Profit
Mgn %
3.13.72.83.40.92.320.6-1.811.7
Debt to
Equity
2.62.32.11.91.61.71.41.31.51.60.4
Working Cap
Days
10511011010613111011415915914788
Cash Conv.
Cycle
555055547678801039810124

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales135.74154.44180.84212.03166.19234.62276.97208.23202.21225.14
Operating Expenses + 125.43142.52165.52195.38156.12218.73260.30203.74202.58210.61
Manufacturing Costs23.2921.2020.9825.1821.8833.6638.8735.7738.2140.08
Material Costs77.5289.19106.28127.6595.44139.74162.73114.48115.14118.20
Employee Cost 16.1320.0625.9529.6929.1231.4332.9930.1134.8739.94
Other Costs 8.4912.0712.3212.869.6813.8925.7223.3814.3412.39
Operating Profit 10.3111.9215.3216.6410.0715.8916.674.49-0.3614.53
Operating Profit Margin (%) 7.6%7.7%8.5%7.8%6.1%6.8%6.0%2.2%-0.2%6.5%
Other Income + 0.730.710.452.856.084.375.884.383.903.81
Exceptional Items 0000000000
Interest 4.404.845.235.625.255.775.383.564.497.10
Depreciation 2.162.792.903.033.523.663.872.743.174.38
Profit Before Tax 4.494.997.6410.847.3810.8313.292.56-4.126.86
Tax 1.581.832.623.542.123.344.290.42-1.663.08
Profit After Tax 2.913.175.027.315.277.5092.14-2.463.78
PAT Margin (%) 2.1%2.1%2.8%3.5%3.2%3.2%3.3%1.0%-1.2%1.7%
Adjusted EPS (₹)2.93.25.07.35.37.59.02.1-2.53.8
Dividend Payout Ratio (%)16.50%15.20%9.60%6.60%4.60%8%6.70%0%0%0%

Valuation of Polyspin Exports - Standalone

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

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

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

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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 + 17.5721.4825.9832.9637.8645.5754.3153.2551.4354.57
Share Capital 4444455555
Reserves 13.5717.4821.9828.9633.8640.5749.3148.2546.4349.57
Debt +45.6545.1549.8856.2157.8876.1572.4864.7269.8681.63
Long Term Debt14.0712.028.8211.2810.217.9718.5213.2920.5215.36
Short Term Debt31.5833.1441.0544.9447.6768.1853.9651.4249.3466.27
Minority Interest0000000000
Trade Payables10.6614.4115.8415.841010.447.9820.2316.856.18
Others Liabilities 14.6213.6112.5115.2712.6015.3719.7916.8714.0915.62
Total Liabilities 88.5094.65104.21120.29118.35147.52154.56155.07152.23158.01

Fixed Assets

Net Fixed Assets +37.7739.7538.2338.2445.3245.7943.2642.8337.3050.11
Gross Block52.2356.5657.7460.2370.1873.9774.1677.4767.2284.14
Accumulated Depreciation14.4616.8119.5121.9824.8628.1930.9034.6529.9234.03
CWIP 2.300.040.256.662.4400.356.8915.620
Investments 0.630.680.670.670.670.690.640.630.740.69
Inventories17.8220.4824.3326.7224.5547.1528.7146.2436.9737.88
Trade Receivables13.9818.0824.8121.2024.3525.7440.2332.2429.9144.72
Cash Equivalents 3.934.555.2411.6313.3915.7221.9811.568.629.37
Others Assets 12.0711.0610.6815.167.6312.4419.3814.6723.0715.25
Total Assets 88.5094.65104.21120.29118.35147.52154.56155.07152.23158.01

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3.233.983.0514.9410.99-9.3513.2011.147.76-9.34
PBT 4.494.997.6410.847.3810.8313.291.33-4.985.75
Adjustment 78.047.137.917.518.137.976.626.309.29
Changes in Working Capital -4.64-5.07-9.73-0.4-1.35-26.67-3.675.496.55-24.86
Tax Paid 00-1.99-3.41-2.55-1.65-4.39-2.29-0.120.48
Cash Flow From Investing Activity + -15.58-2.80-2.41-15.03-9.79-1.17-0.48-7.72-8.504.34
Capex -15.58-3.12-1.66-10.10-6.42-2.09-1.82-10.15-12.243.93
Net Investments 0-0.05-1.05-5.36-4.05-0.090.501.702.75-0.45
Others 00.370.290.440.681.010.850.740.990.86
Cash Flow From Financing Activity + 11.60-1.22-0.281.12-3.4912.77-6.29-12.150.665.24
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 7.47-2.05-3.202.45-1.06-2.2410.55-5.737.48-6.83
Interest Paid 00-4.46-4.67-4.62-5.26-4.82-3.32-4.09-5.42
Dividend Paid -0.48-0.56-0.53-0.55-0.55-0.23-0.57-0.57-0.05-0.05
Others 4.611.387.913.882.7420.49-11.45-2.54-2.6917.54
Net Cash Flow -0.75-0.040.361.03-2.292.246.43-8.73-0.080.24

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)17.7316.2121.1624.814.8817.9818.023.97-4.77.14
ROCE (%)15.4514.7217.21913.0814.8314.524.790.2910.47
Asset Turnover Ratio1.761.71.821.891.391.771.831.351.321.45
PAT to CFO Conversion(x)1.111.260.612.042.09-1.251.475.21N/A-2.47
Working Capital Days
Receivable Days37.2037.7043.3039.605038.9043.5063.5056.1060.50
Inventory Days42.104545.2043.9056.3055.705065.6075.1060.70
Payable Days39.1051.305245.3049.4026.7020.704558.8035.60

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

Polyspin Exports Ltd FAQs

The current trading price of Polyspin Exports on 04-Jun-2026 16:59 is ₹28.56.

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 Polyspin Exports stood at ₹28.56 Cr

The latest P/E ratio of Polyspin Exports as of 03-Jun-2026 is 7.33.

The latest P/B ratio of Polyspin Exports as of 03-Jun-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 ₹226 ( 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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About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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