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Last Updated: April 2, 2026, 3:14 am
Author: Getaka|Social: XLinkedIn

Kshitij Polyline Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹11.40Undervalued by 406.67%vs CMP ₹2.25

P/E (15.0) × ROE (24.0%) × BV (₹3.88) × DY (2.00%)

Defaults: P/E=15

₹6.54Undervalued by 190.67%vs CMP ₹2.25
MoS: +65.6% (Strong)Confidence: 55/100 (Moderate)Models: All 4: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹10.7241%Under (+376.4%)
Net Asset ValueAssets₹3.8824%Under (+72.4%)
ROCE CapitalReturns₹4.3716%Under (+94.2%)
Revenue MultipleRevenue₹2.7218%Under (+20.9%)
Consensus (4 models)₹6.54100%Undervalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -6.0% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

50
Kshitij Polyline Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health67/100 · Strong
ROCE 10.8% AverageROE 24.0% ExcellentD/E 0.72 ModerateInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 0.0% Stable
Earnings Quality30/100 · Weak
OPM contracting (10% → -9%) DecliningWorking capital: 150 days Capital intensive
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -24% YoY DecliningOPM: 6.8% (up 16.5% YoY) Margin expansion
Industry Rank55/100 · Moderate
ROCE 10.8% vs industry 9.4% AverageROE 24.0% vs industry 9.7% Above peers3Y sales CAGR: 2% Slow

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, 3:14 am

Market Cap 34.7 Cr.
Current Price 2.25
Intrinsic Value₹6.54
High / Low 4.01/1.88
Stock P/E
Book Value 3.88
Dividend Yield0.00 %
ROCE10.8 %
ROE24.0 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for Kshitij Polyline Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
H T Media Ltd 482 Cr. 20.7 28.6/14.511.0 71.00.00 %2.51 %0.03 % 2.00
Gala Global Products Ltd 7.64 Cr. 1.40 3.74/1.10 6.540.00 %1.82 %12.3 % 5.00
Flair Writing Industries Ltd 3,048 Cr. 289 357/21326.2 100.00.35 %15.6 %11.9 % 5.00
Doms Industries Ltd 14,232 Cr. 2,345 3,065/2,00764.1 1810.13 %26.2 %22.3 % 10.0
DB Corp Ltd 3,434 Cr. 193 292/18510.7 1296.23 %21.1 %16.7 % 10.0
Industry Average2,188.25 Cr348.7922.17208.401.31%9.39%9.68%6.27

All Competitor Stocks of Kshitij Polyline Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 16.319.6114.2216.1014.0415.0411.5613.0710.616.669.1011.9710.54
Expenses 14.818.7114.3816.8516.7812.4910.6716.0711.6410.998.3211.349.82
Operating Profit 1.500.90-0.16-0.75-2.742.550.89-3.00-1.03-4.330.780.630.72
OPM % 9.20%9.37%-1.13%-4.66%-19.52%16.95%7.70%-22.95%-9.71%-65.02%8.57%5.26%6.83%
Other Income 0.040.040.310.386.000.100.120.230.950.620.500.860.62
Interest 0.830.270.590.860.710.020.211.060.310.950.460.470.27
Depreciation 0.540.290.230.250.260.430.220.150.360.930.500.660.57
Profit before tax 0.170.38-0.67-1.482.292.200.58-3.98-0.75-5.590.320.360.50
Tax % 35.29%23.68%2.99%1.35%0.87%30.91%13.79%-2.01%0.00%-3.04%0.00%0.00%0.00%
Net Profit 0.110.29-0.70-1.492.281.520.50-3.90-0.50-3.810.450.510.61
EPS in Rs 0.010.03-0.08-0.160.250.170.06-0.44-0.06-0.430.050.030.04

Last Updated: March 4, 2026, 2:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 7:46 pm

MetricMar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 39.0433.8659.3641.9138.27
Expenses 35.2830.4660.4548.5040.47
Operating Profit 3.763.40-1.09-6.59-2.20
OPM % 9.63%10.04%-1.84%-15.72%-5.75%
Other Income 0.040.106.791.912.60
Interest 2.081.632.182.532.15
Depreciation 1.101.271.171.662.66
Profit before tax 0.620.602.35-8.87-4.41
Tax % 33.87%40.00%31.49%-1.92%
Net Profit 0.420.361.61-6.84-2.24
EPS in Rs 0.050.040.18-0.77-0.31
Dividend Payout % 0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2022-20232023-20242024-2025
YoY Net Profit Growth (%)-14.29%347.22%-524.84%
Change in YoY Net Profit Growth (%)0.00%361.51%-872.07%

Kshitij Polyline Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2022-2023 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:2%
TTM:-30%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-422%
Stock Price CAGR
10 Years:%
5 Years:-5%
3 Years:-40%
1 Year:-45%
Return on Equity
10 Years:%
5 Years:%
3 Years:-7%
Last Year:-24%

Last Updated: September 5, 2025, 9:25 am

Balance Sheet

Last Updated: January 7, 2026, 3:58 pm

MonthMar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 10.1310.1310.1317.8030.85
Reserves 8.2812.2610.1618.9229.01
Borrowings 17.2721.8545.8215.0611.24
Other Liabilities 4.915.008.254.915.30
Total Liabilities 40.5949.2474.3656.6976.40
Fixed Assets 11.1611.3021.8910.2814.05
CWIP 0.000.001.000.000.00
Investments 0.000.000.005.462.12
Other Assets 29.4337.9451.4740.9560.23
Total Assets 40.5949.2474.3656.6976.40

Reserves and Borrowings Chart

Cash Flow

MonthMar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3.89-1.27-7.97-8.63
Cash from Investing Activity + -2.55-4.51-12.3215.57
Cash from Financing Activity + -1.918.8617.68-7.36
Net Cash Flow -0.573.08-2.60-0.41
Free Cash Flow 2.15-3.48-17.670.07
CFO/OP 106%-32%727%131%

Free Cash Flow

MonthMar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-13.51-18.45-46.91-21.65

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 2022Mar 2023Mar 2024Mar 2025
Debtor Days 56.7562.7466.5944.85
Inventory Days 197.13253.97102.7077.68
Days Payable 51.7648.1935.3215.98
Cash Conversion Cycle 202.13268.52133.98106.56
Working Capital Days 91.3478.1542.18150.49
ROCE %5.58%8.21%-10.76%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 57.35%41.81%28.76%0.64%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIIs 0.49%0.49%0.49%0.49%0.49%0.49%0.28%0.28%0.30%0.30%0.16%0.16%
Public 42.15%57.69%70.74%98.87%99.51%99.51%99.72%99.72%99.70%99.70%99.84%99.84%
No. of Shareholders 40,32641,84941,62749,62846,60650,53075,55689,69785,97283,09580,26877,649

Shareholding Pattern Chart

No. of Shareholders

Kshitij Polyline 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 22
FaceValue 2.002.002.0010.00
Basic EPS (Rs.) -0.770.320.090.41
Diluted EPS (Rs.) -0.770.320.090.41
Cash EPS (Rs.) -0.790.540.301.49
Book Value[Excl.RevalReserv]/Share (Rs.) 4.134.014.4618.18
Book Value[Incl.RevalReserv]/Share (Rs.) 4.134.014.4618.18
Revenue From Operations / Share (Rs.) 4.7111.736.7138.53
PBDIT / Share (Rs.) -0.521.120.663.74
PBIT / Share (Rs.) -0.710.890.442.66
PBT / Share (Rs.) -0.990.460.130.61
Net Profit / Share (Rs.) -0.970.310.080.41
NP After MI And SOA / Share (Rs.) -0.760.310.080.41
PBDIT Margin (%) -11.179.579.849.71
PBIT Margin (%) -15.127.606.596.90
PBT Margin (%) -21.153.932.031.59
Net Profit Margin (%) -20.742.711.331.06
NP After MI And SOA Margin (%) -16.322.711.331.06
Return on Networth / Equity (%) -18.627.932.002.25
Return on Capital Employeed (%) -16.4212.047.9611.37
Return On Assets (%) -12.062.160.921.02
Long Term Debt / Equity (X) 0.000.800.210.25
Total Debt / Equity (X) 0.352.170.820.72
Asset Turnover Ratio (%) 0.630.960.760.00
Current Ratio (X) 1.971.201.561.59
Quick Ratio (X) 1.500.820.790.73
Inventory Turnover Ratio (X) 3.753.571.520.00
Interest Coverage Ratio (X) -1.852.612.161.83
Interest Coverage Ratio (Post Tax) (X) -2.441.741.291.20
Enterprise Value (Cr.) 37.9966.38102.5944.77
EV / Net Operating Revenue (X) 0.901.123.021.15
EV / EBITDA (X) -8.1111.6730.6611.80
MarketCap / Net Operating Revenue (X) 0.590.382.570.81
Price / BV (X) 0.681.143.871.72
Price / Net Operating Revenue (X) 0.590.382.570.81
EarningsYield -0.270.060.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Kshitij Polyline Ltd. is a Public Limited Listed company incorporated on 26/03/2008 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25209MH2008PLC180484 and registration number is 180484. Currently Company is involved in the business activities of Manufacture of other plastics products. Company's Total Operating Revenue is Rs. 30.58 Cr. and Equity Capital is Rs. 17.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationeryNo.33, Dimple Arcade, Asha Nagar, Near Sai Dham Temple, Mumbai Maharashtra 400101Contact not found
Management
NamePosition Held
Mr. Mahendra Kumar JainChairman & Executive Director
Mrs. Vineeta JainWhole Time Executive Director
Mr. Rushiraj Z PatelIndependent Director
Mr. Mayur Jitendra ThakarIndependent Director
Mr. Ruhini Kumar ChakrabortyIndependent Director
Mr. Rajesh Nandkishore PherwaniIndependent Director

FAQ

What is the intrinsic value of Kshitij Polyline Ltd and is it undervalued?

As of 16 April 2026, Kshitij Polyline Ltd's intrinsic value is ₹6.54, which is 190.67% higher than the current market price of ₹2.25, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (24.0 %), book value (₹3.88), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Kshitij Polyline Ltd?

Kshitij Polyline Ltd is trading at ₹2.25 as of 16 April 2026, with a FY2026-2027 high of ₹4.01 and low of ₹1.88. The stock is currently near its 52-week low. Market cap stands at ₹34.7 Cr..

How does Kshitij Polyline Ltd's P/E ratio compare to its industry?

Kshitij Polyline Ltd has a P/E ratio of , which is below the industry average of 22.17. This is broadly in line with or below the industry average.

Is Kshitij Polyline Ltd financially healthy?

Key indicators for Kshitij Polyline Ltd: ROCE of 10.8 % is moderate; ROE of 24.0 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Kshitij Polyline Ltd profitable and how is the profit trend?

Kshitij Polyline Ltd reported a net profit of ₹-7 Cr in Mar 2025 on revenue of ₹42 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a declining trend.

Does Kshitij Polyline Ltd pay dividends?

Kshitij Polyline Ltd has a dividend yield of 0.00 % at the current price of ₹2.25. 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 Kshitij Polyline 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