Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated: April 2, 2026, 4:09 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 530429 | NSE: ASHISHPO

Ashish Polyplast Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹62.32Undervalued by 111.25%vs CMP ₹29.50

P/E (143.0) × ROE (2.6%) × BV (₹20.70) × DY (2.00%)

₹19.00Overvalued by 35.59%vs CMP ₹29.50
MoS: -55.3% (Negative)Confidence: 63/100 (Moderate)Models: 1 Under, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹45.7323%Under (+55%)
Graham NumberEarnings₹9.6516%Over (-67.3%)
Earnings PowerEarnings₹7.7611%Over (-73.7%)
DCFCash Flow₹1.4814%Over (-95%)
Net Asset ValueAssets₹20.747%Over (-29.7%)
EV/EBITDAEnterprise₹21.159%Over (-28.3%)
Earnings YieldEarnings₹2.007%Over (-93.2%)
ROCE CapitalReturns₹15.357%Over (-48%)
Revenue MultipleRevenue₹23.615%Over (-20%)
Consensus (9 models)₹19.00100%Overvalued
Key Drivers: EPS CAGR -26.6% drags value — could be higher if earnings stabilize. | P/E of 143 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -26.6%

*Investments are subject to market risks

Investment Snapshot

44
Ashish Polyplast Ltd scores 44/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 5.1% WeakROE 2.6% WeakD/E 0.07 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 62.1% Stable
Earnings Quality60/100 · Moderate
OPM stable around 4% SteadyWorking capital: 35 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -10% YoY DecliningProfit (4Q): -90% YoY Declining
Industry Rank10/100 · Weak
P/E 143.0 vs industry 54.0 Premium to peersROCE 5.1% vs industry 10.4% Below peersROE 2.6% vs industry 10.6% Below peers3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:09 am

Market Cap 10.0 Cr.
Current Price 29.5
Intrinsic Value₹19.00
High / Low 46.0/26.2
Stock P/E143
Book Value 20.7
Dividend Yield0.00 %
ROCE5.09 %
ROE2.58 %
Face Value 10.0
PEG Ratio-5.37

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Ashish Polyplast Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Ashish Polyplast Ltd 10.0 Cr. 29.5 46.0/26.2143 20.70.00 %5.09 %2.58 % 10.0
Apollo Pipes Ltd 1,885 Cr. 428 495/252102 1910.16 %6.78 %4.30 % 10.0
Astral Ltd 42,186 Cr. 1,570 1,769/1,23581.9 1410.24 %19.7 %14.9 % 1.00
Prince Pipes & Fittings Ltd 2,469 Cr. 223 388/20557.0 1440.22 %3.85 %2.73 % 10.0
Captain Pipes Ltd 131 Cr. 8.54 17.4/7.0544.5 2.690.00 %17.0 %13.5 % 1.00
Industry Average6,800.71 Cr210.0254.0187.370.26%10.40%10.62%8.00

All Competitor Stocks of Ashish Polyplast Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4.093.804.024.023.923.984.393.494.473.663.743.693.54
Expenses 3.953.693.873.873.803.924.203.264.353.573.623.583.35
Operating Profit 0.140.110.150.150.120.060.190.230.120.090.120.110.19
OPM % 3.42%2.89%3.73%3.73%3.06%1.51%4.33%6.59%2.68%2.46%3.21%2.98%5.37%
Other Income 0.020.030.200.130.400.150.340.260.00-0.470.42-0.120.11
Interest 0.020.040.030.030.020.030.010.010.050.030.000.030.04
Depreciation 0.070.070.070.070.070.070.070.070.070.070.050.060.07
Profit before tax 0.070.030.250.180.430.110.450.410.00-0.480.49-0.100.19
Tax % 14.29%66.67%16.00%16.67%6.98%36.36%26.67%29.27%-16.67%20.41%-40.00%21.05%
Net Profit 0.050.010.220.150.400.070.330.290.02-0.400.39-0.070.15
EPS in Rs 0.150.030.650.441.180.210.970.850.06-1.181.15-0.210.44

Last Updated: February 3, 2026, 2:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:35 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8.8910.5011.0112.2212.8213.9512.7312.7116.2416.0315.9516.0114.63
Expenses 8.3910.0010.4711.6412.2713.3512.2912.2715.6315.4315.3215.3814.12
Operating Profit 0.500.500.540.580.550.600.440.440.610.600.630.630.51
OPM % 5.62%4.76%4.90%4.75%4.29%4.30%3.46%3.46%3.76%3.74%3.95%3.94%3.49%
Other Income 0.010.050.000.030.04-0.070.020.240.210.030.740.13-0.06
Interest 0.220.230.190.180.150.120.100.040.110.110.110.090.10
Depreciation 0.180.170.170.190.190.200.210.210.230.260.280.290.25
Profit before tax 0.110.150.180.240.250.210.150.430.480.260.980.380.10
Tax % -36.36%20.00%44.44%29.17%12.00%52.38%0.00%23.26%35.42%26.92%14.29%34.21%
Net Profit 0.160.120.100.170.220.110.150.330.320.190.840.250.07
EPS in Rs 0.470.350.290.500.650.320.440.970.940.562.470.740.20
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-25.00%-16.67%70.00%29.41%-50.00%36.36%120.00%-3.03%-40.62%342.11%-70.24%
Change in YoY Net Profit Growth (%)0.00%8.33%86.67%-40.59%-79.41%86.36%83.64%-123.03%-37.59%382.73%-412.34%

Ashish Polyplast Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:4%
5 Years:5%
3 Years:0%
TTM:-6%
Compounded Profit Growth
10 Years:8%
5 Years:11%
3 Years:16%
TTM:-68%
Stock Price CAGR
10 Years:15%
5 Years:56%
3 Years:10%
1 Year:-42%
Return on Equity
10 Years:3%
5 Years:3%
3 Years:4%
Last Year:4%

Last Updated: September 5, 2025, 2:26 pm

Balance Sheet

Last Updated: December 4, 2025, 2:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.403.403.403.403.403.403.403.403.403.403.403.403.40
Reserves 1.141.211.310.941.161.271.441.762.062.233.083.323.63
Borrowings 2.011.731.071.631.510.990.710.391.011.480.310.230.19
Other Liabilities 0.901.171.761.601.251.191.141.001.030.871.431.121.09
Total Liabilities 7.457.517.547.577.326.856.696.557.507.988.228.078.31
Fixed Assets 1.991.811.851.831.742.021.951.742.152.622.422.232.19
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.000.000.000.000.340.410.590.941.261.382.073.073.76
Other Assets 5.465.705.695.745.244.424.153.874.093.983.732.772.36
Total Assets 7.457.517.547.577.326.856.696.557.507.988.228.078.31

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.280.171.15-0.200.621.140.720.450.280.731.720.61
Cash from Investing Activity + -0.12-0.05-0.22-0.14-0.40-0.52-0.33-0.12-0.75-0.82-0.05-0.97
Cash from Financing Activity + -0.03-0.43-0.850.31-0.30-0.62-0.37-0.300.510.35-1.28-0.16
Net Cash Flow 0.13-0.310.08-0.02-0.08-0.010.020.030.050.260.39-0.53
Free Cash Flow 0.120.120.92-0.370.530.660.600.44-0.350.031.820.51
CFO/OP 70%36%224%-24%127%200%184%118%69%135%283%113%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-1.51-1.23-0.53-1.05-0.96-0.39-0.270.05-0.40-0.880.320.40

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 69.3969.1859.0165.7164.0653.3854.7638.7734.1631.8828.8323.71
Inventory Days 117.68110.04109.1092.1486.6268.1365.2968.8360.9255.5541.8035.73
Days Payable 15.4626.1645.2326.3322.1518.8618.6117.5411.0113.1023.9613.33
Cash Conversion Cycle 171.61153.06122.88131.53128.53102.65101.4590.0684.0774.3346.6746.11
Working Capital Days 67.7477.8780.2360.6371.7563.3264.2365.4846.9738.9437.3034.65
ROCE %5.21%5.90%6.27%7.15%6.64%6.99%4.46%4.32%6.49%5.45%5.18%5.09%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 62.09%62.09%62.09%62.09%62.09%62.09%62.09%62.09%62.09%62.09%62.09%62.09%
Public 37.90%37.90%37.91%37.91%37.91%37.91%37.91%37.91%37.91%37.91%37.90%37.91%
No. of Shareholders 1,8641,8801,9291,9572,0172,4642,8152,8852,9332,9132,8842,841

Shareholding Pattern Chart

No. of Shareholders

Ashish Polyplast Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 0.732.480.560.950.97
Diluted EPS (Rs.) 0.732.480.560.950.97
Cash EPS (Rs.) 1.583.311.331.611.60
Book Value[Excl.RevalReserv]/Share (Rs.) 19.7719.0816.5716.0615.17
Book Value[Incl.RevalReserv]/Share (Rs.) 19.7719.0816.5716.0615.17
Revenue From Operations / Share (Rs.) 47.1346.9247.1947.8037.42
PBDIT / Share (Rs.) 2.244.031.872.422.00
PBIT / Share (Rs.) 1.383.201.101.751.37
PBT / Share (Rs.) 1.122.870.761.431.26
Net Profit / Share (Rs.) 0.722.480.550.940.97
PBDIT Margin (%) 4.748.593.965.055.34
PBIT Margin (%) 2.936.812.323.663.66
PBT Margin (%) 2.376.111.632.993.36
Net Profit Margin (%) 1.545.271.181.982.60
Return on Networth / Equity (%) 3.6812.983.365.896.42
Return on Capital Employeed (%) 6.5815.616.0510.488.65
Return On Assets (%) 3.0710.242.374.285.05
Long Term Debt / Equity (X) 0.020.030.050.000.00
Total Debt / Equity (X) 0.030.040.260.180.07
Asset Turnover Ratio (%) 1.971.972.072.311.92
Current Ratio (X) 2.882.892.132.213.01
Quick Ratio (X) 1.441.640.970.891.22
Inventory Turnover Ratio (X) 10.987.036.056.515.62
Interest Coverage Ratio (X) 8.5012.365.727.5017.67
Interest Coverage Ratio (Post Tax) (X) 3.778.592.703.949.60
Enterprise Value (Cr.) 13.118.715.6419.113.70
EV / Net Operating Revenue (X) 0.810.540.351.180.29
EV / EBITDA (X) 17.236.368.8823.255.45
MarketCap / Net Operating Revenue (X) 0.810.570.281.120.26
Price / BV (X) 1.951.410.803.330.65
Price / Net Operating Revenue (X) 0.810.570.281.120.26
EarningsYield 0.010.090.040.010.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Ashish Polyplast Ltd. is a Public Limited Listed company incorporated on 25/02/1994 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L17110GJ1994PLC021391 and registration number is 021391. Currently Company is involved in the business activities of Manufacture of rubber plates, sheets, strips, rods, tubes, pipes, hoses and profile -shapes etc.. Company's Total Operating Revenue is Rs. 16.01 Cr. and Equity Capital is Rs. 3.40 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Plastics - Pipes & Fittings501, Fortune Business Hub, Near Satyomev Elysium, Ahmedabad Gujarat 380060Contact not found
Management
NamePosition Held
Mr. Ashish D PanchalChairman & Managing Director
Mrs. Kantaben Dahyabhai PanchalDirector
Mrs. Khusboo Fenil KansaraIndependent Director
Mr. Shrikant Kodarlal PriydarshiIndependent Director

FAQ

What is the intrinsic value of Ashish Polyplast Ltd and is it undervalued?

As of 16 April 2026, Ashish Polyplast Ltd's intrinsic value is ₹19.00, which is 35.59% lower than the current market price of ₹29.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.58 %), book value (₹20.7), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Ashish Polyplast Ltd?

Ashish Polyplast Ltd is trading at ₹29.50 as of 16 April 2026, with a FY2026-2027 high of ₹46.0 and low of ₹26.2. The stock is currently near its 52-week low. Market cap stands at ₹10.0 Cr..

How does Ashish Polyplast Ltd's P/E ratio compare to its industry?

Ashish Polyplast Ltd has a P/E ratio of 143, which is above the industry average of 54.01. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Ashish Polyplast Ltd financially healthy?

Key indicators for Ashish Polyplast Ltd: ROCE of 5.09 % is on the lower side compared to the industry average of 10.40%; ROE of 2.58 % is below ideal levels (industry average: 10.62%). Dividend yield is 0.00 %.

Is Ashish Polyplast Ltd profitable and how is the profit trend?

Ashish Polyplast Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹16 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does Ashish Polyplast Ltd pay dividends?

Ashish Polyplast Ltd has a dividend yield of 0.00 % at the current price of ₹29.50. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Ashish Polyplast Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
Explore Industry-wise Stock Analysis Reports