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Last Updated: April 2, 2026, 3:29 am
Author: Getaka|Social: XLinkedIn

Polyplex Corporation Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4,917.81Undervalued by 520.94%vs CMP ₹792.00

P/E (82.1) × ROE (5.7%) × BV (₹1,287.00) × DY (1.71%)

₹1,513.36Undervalued by 91.08%vs CMP ₹792.00
MoS: +47.7% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,735.0222%Under (+245.3%)
Graham NumberEarnings₹528.3516%Over (-33.3%)
Earnings PowerEarnings₹636.1111%Over (-19.7%)
DCFCash Flow₹816.7113%Fair (+3.1%)
Net Asset ValueAssets₹1,287.607%Under (+62.6%)
EV/EBITDAEnterprise₹2,230.999%Under (+181.7%)
Earnings YieldEarnings₹96.407%Over (-87.8%)
ROCE CapitalReturns₹2,517.879%Under (+217.9%)
Revenue MultipleRevenue₹2,194.335%Under (+177.1%)
Consensus (9 models)₹1,513.36100%Undervalued
Key Drivers: EPS CAGR -44.4% drags value — could be higher if earnings stabilize. | Wide model spread (₹96–₹2,735) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -44.4%

*Investments are subject to market risks

Investment Snapshot

46
Polyplex Corporation Ltd scores 46/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health62/100 · Moderate
ROCE 7.2% WeakROE 5.7% WeakD/E 0.19 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money70/100 · Strong
FII holding up 1.30% (6mo) AccumulatingPromoter holding at 26.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (16% → 8%) Declining
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): -101% YoY Declining
Industry Rank15/100 · Weak
P/E 82.1 vs industry 39.6 Premium to peersROCE 7.2% vs industry 12.8% Below peersROE 5.7% vs industry 24.7% Below peers3Y sales CAGR: 1% 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, 3:29 am

Market Cap 2,485 Cr.
Current Price 792
Intrinsic Value₹1,513.36
High / Low 1,398/740
Stock P/E82.1
Book Value 1,287
Dividend Yield1.71 %
ROCE7.16 %
ROE5.72 %
Face Value 10.0
PEG Ratio-1.85

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

View Share Price Target for Polyplex Corporation Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Polyplex Corporation Ltd 2,485 Cr. 792 1,398/74082.1 1,2871.71 %7.16 %5.72 % 10.0
XPRO India Ltd 2,438 Cr. 1,039 1,332/785190 2920.19 %7.93 %6.56 % 10.0
Uflex Ltd 2,666 Cr. 369 686/33011.2 1,0700.81 %7.75 %3.29 % 10.0
Jindal Poly Films Ltd 3,221 Cr. 736 1,026/360 9320.80 %5.36 %2.15 % 10.0
AGI Greenpac Ltd 3,253 Cr. 503 1,009/4659.61 3431.39 %19.9 %16.2 % 2.00
Industry Average1,921.04 Cr295.8439.62189.000.36%12.76%24.70%7.38

All Competitor Stocks of Polyplex Corporation Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,8631,6671,5611,5721,4961,6791,6861,7391,7211,7401,7391,7941,682
Expenses 1,7601,6121,4991,4511,4461,5821,5221,5481,6001,6761,7391,6921,577
Operating Profit 1045561121509716419112164-1103105
OPM % 6%3%4%8%3%6%10%11%7%4%-0%6%6%
Other Income 5764122445172610010718302327
Interest 10111210101013111211141313
Depreciation 75787575758270797676868994
Profit before tax 7631-1359821107202142-6-712325
Tax % -11%34%-20%18%-102%-48%10%19%26%54%-15%-43%-19%
Net Profit 8420-1048173197164105-9-603430
EPS in Rs 12.322.42-0.998.901.472.6817.0527.9718.403.22-6.157.874.70

Last Updated: March 3, 2026, 3:45 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 9:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,1723,2043,2023,2013,5724,5704,4874,9186,6247,6526,3076,8856,955
Expenses 3,0802,9192,8492,7583,0783,8383,7063,7015,3166,7055,9406,1896,684
Operating Profit 922853534434947327811,2171,308947367696271
OPM % 3%9%11%14%14%16%17%25%20%12%6%10%4%
Other Income 3770-32177441631315912895589598
Interest 54564847392918181635424651
Depreciation 192216209197185209253280273296307300345
Profit before tax -11783643763146576409791,14771176445-28
Tax % -55%6%75%4%9%11%23%12%16%13%-14%20%
Net Profit -52781636128458449486296561686358-5
EPS in Rs -2.1411.879.0872.4449.85103.1888.18163.04181.19110.9712.0566.649.64
Dividend Payout % -95%21%34%10%82%50%20%102%58%81%25%21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)250.00%-79.49%2156.25%-21.33%105.63%-15.41%74.49%11.95%-36.17%-86.04%316.28%
Change in YoY Net Profit Growth (%)0.00%-329.49%2235.74%-2177.58%126.96%-121.04%89.90%-62.54%-48.11%-49.87%402.32%

Polyplex Corporation 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:8%
5 Years:9%
3 Years:1%
TTM:8%
Compounded Profit Growth
10 Years:13%
5 Years:-4%
3 Years:-28%
TTM:44%
Stock Price CAGR
10 Years:18%
5 Years:7%
3 Years:-23%
1 Year:-20%
Return on Equity
10 Years:9%
5 Years:10%
3 Years:6%
Last Year:6%

Last Updated: September 5, 2025, 12:25 pm

Balance Sheet

Last Updated: December 4, 2025, 1:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 33333333333333323232323232
Reserves 2,2282,0882,2892,2702,5162,7392,9973,0213,2843,4513,4793,7314,008
Borrowings 2,0791,6551,294810863786758695946799748882968
Other Liabilities 9709689511,2431,4571,6481,9522,4202,9543,0913,1243,3093,608
Total Liabilities 5,3094,7444,5664,3564,8685,2055,7396,1687,2167,3737,3837,9548,616
Fixed Assets 2,4982,5692,4062,1842,2182,2422,8242,7593,1523,2523,0023,9444,049
CWIP 65383108181303251261966283689
Investments 66161100133123233288276275374340328
Other Assets 2,0922,1512,1572,0622,5092,6582,6522,7963,6633,6503,3793,6344,150
Total Assets 5,3094,7444,5664,3564,8685,2055,7396,1687,2167,3737,3837,9548,616

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1143764484413075517311,102560802455438
Cash from Investing Activity + -391-086-246-106-265-323-4514116-804-464
Cash from Financing Activity + 311-234-473-436-42-312-298-660-232-657-152-38
Net Cash Flow 3314261-240159-26110-8369160-501-64
Free Cash Flow -490220400375170181261576160532-56-47
CFO/OP 124%133%128%104%68%86%105%95%51%105%142%69%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow90.00284.00352.00-367.00-369.00-54.0023.00-694.00-945.00148.00-381.00-186.00

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 474649535648555061445654
Inventory Days 8682788810392105133141110126140
Days Payable 343836524832375555385145
Cash Conversion Cycle 99909290110107123128147116132149
Working Capital Days 908292939625672698479
ROCE %-1%4%4%9%8%15%12%19%20%12%2%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 50.97%50.97%50.97%26.70%26.70%26.70%26.70%26.70%26.70%26.72%26.72%26.72%
FIIs 12.68%10.84%9.41%8.29%7.92%7.08%7.39%7.82%7.67%7.10%9.31%8.97%
DIIs 2.82%2.81%2.26%2.27%2.31%2.43%2.81%3.25%2.82%2.95%2.78%2.89%
Public 33.53%35.37%37.37%62.74%63.07%63.80%63.11%62.23%62.82%63.23%61.18%61.39%
No. of Shareholders 1,45,1561,48,7141,53,8001,52,6601,46,2681,37,4491,32,1931,20,9431,14,6641,07,9671,04,1111,02,155

Shareholding Pattern Chart

No. of Shareholders

Polyplex Corporation Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 657,517 0.08 55.73657,5172025-04-22 17:25:230%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 66.6412.05110.97181.19162.57
Diluted EPS (Rs.) 66.6412.05110.97181.19162.57
Cash EPS (Rs.) 205.72123.08285.20387.02357.12
Book Value[Excl.RevalReserv]/Share (Rs.) 1177.061817.761804.531664.831503.98
Book Value[Incl.RevalReserv]/Share (Rs.) 1177.061817.761804.531664.831503.98
Revenue From Operations / Share (Rs.) 2153.571972.682393.502071.991538.35
PBDIT / Share (Rs.) 247.54133.06326.03449.12399.08
PBIT / Share (Rs.) 153.7137.00233.36363.88311.56
PBT / Share (Rs.) 139.2923.74222.33358.72306.06
Net Profit / Share (Rs.) 111.8927.02192.53301.78269.61
NP After MI And SOA / Share (Rs.) 65.4411.83108.96177.91160.08
PBDIT Margin (%) 11.496.7413.6221.6725.94
PBIT Margin (%) 7.131.879.7417.5620.25
PBT Margin (%) 6.461.209.2817.3119.89
Net Profit Margin (%) 5.191.368.0414.5617.52
NP After MI And SOA Margin (%) 3.030.594.558.5810.40
Return on Networth / Equity (%) 5.551.0710.0017.1516.76
Return on Capital Employeed (%) 7.341.8711.8619.5518.93
Return On Assets (%) 2.610.504.707.858.28
Long Term Debt / Equity (X) 0.090.100.100.140.11
Total Debt / Equity (X) 0.220.200.220.280.19
Asset Turnover Ratio (%) 0.890.850.410.500.39
Current Ratio (X) 2.782.973.302.812.96
Quick Ratio (X) 1.581.782.071.802.07
Inventory Turnover Ratio (X) 4.732.951.542.241.87
Dividend Payout Ratio (NP) (%) 15.0041.4895.5255.1993.84
Dividend Payout Ratio (CP) (%) 6.164.5551.6137.3160.67
Earning Retention Ratio (%) 85.0058.524.4844.816.16
Cash Earning Retention Ratio (%) 93.8495.4548.3962.6939.33
Interest Coverage Ratio (X) 17.1710.0429.5687.0072.59
Interest Coverage Ratio (Post Tax) (X) 8.763.0418.4559.4650.04
Enterprise Value (Cr.) 6412.914772.655746.179795.514149.36
EV / Net Operating Revenue (X) 0.930.750.751.480.84
EV / EBITDA (X) 8.1011.225.516.823.25
MarketCap / Net Operating Revenue (X) 0.550.380.471.170.55
Retention Ratios (%) 84.9958.514.4744.806.15
Price / BV (X) 1.020.691.052.340.90
Price / Net Operating Revenue (X) 0.550.380.471.170.55
EarningsYield 0.050.010.090.070.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Polyplex Corporation Ltd. is a Public Limited Listed company incorporated on 18/10/1984 and has its registered office in the State of Uttarakhand/Uttaranchal, India. Company's Corporate Identification Number(CIN) is L25209UR1984PLC011596 and registration number is 011596. Currently Company is involved in the business activities of Manufacture of plastics products. Company's Total Operating Revenue is Rs. 1562.77 Cr. and Equity Capital is Rs. 31.97 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersLohia Head Road, Udham Singh Nagar Uttarakhand/Uttaranchal 262308Contact not found
Management
NamePosition Held
Mr. Sanjiv SarafChairman
Mr. Pranay KothariExecutive Director & CEO
Mr. Sanjiv ChadhaNon Executive Director
Mr. Iyad MalasNon Executive Director
Mr. Yogesh KapurIndependent Director
Mr. Sandip DasIndependent Director
Mr. Ranjit SinghIndependent Director
Mr. Hemant SahaiIndependent Director
Dr. Shalini SarinIndependent Director

FAQ

What is the intrinsic value of Polyplex Corporation Ltd and is it undervalued?

As of 10 April 2026, Polyplex Corporation Ltd's intrinsic value is ₹1513.36, which is 91.08% higher than the current market price of ₹792.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.72 %), book value (₹1,287), dividend yield (1.71 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Polyplex Corporation Ltd?

Polyplex Corporation Ltd is trading at ₹792.00 as of 10 April 2026, with a FY2026-2027 high of ₹1,398 and low of ₹740. The stock is currently near its 52-week low. Market cap stands at ₹2,485 Cr..

How does Polyplex Corporation Ltd's P/E ratio compare to its industry?

Polyplex Corporation Ltd has a P/E ratio of 82.1, which is above the industry average of 39.62. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Polyplex Corporation Ltd financially healthy?

Key indicators for Polyplex Corporation Ltd: ROCE of 7.16 % is on the lower side compared to the industry average of 12.76%; ROE of 5.72 % is below ideal levels (industry average: 24.70%). Dividend yield is 1.71 %.

Is Polyplex Corporation Ltd profitable and how is the profit trend?

Polyplex Corporation Ltd reported a net profit of ₹358 Cr in Mar 2025 on revenue of ₹6,885 Cr. Compared to ₹965 Cr in Mar 2022, the net profit shows a declining trend.

Does Polyplex Corporation Ltd pay dividends?

Polyplex Corporation Ltd has a dividend yield of 1.71 % at the current price of ₹792.00. The company pays dividends, though the yield is modest.

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 Polyplex Corporation 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
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