---
title: "Techtran Polylenses Ltd (523455) — Share Price, Financials & Analysis"
symbol: "523455"
company: "Techtran Polylenses Ltd"
canonical: "https://tapetide.com/stocks/523455"
isin: "INE020C01016"
bse_code: "523455"
generated_at: "2026-10-13T10:58:23.052Z"
---

# Techtran Polylenses Ltd (523455)

Canonical page: https://tapetide.com/stocks/523455

## Company

- **BSE Code:** 523455
- **ISIN:** INE020C01016
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** techtranindia.com

## About

Techtran Polylenses manufactures plastic ophthalmic lenses and exports them to American and European markets.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.40 times its book value
- Company's working capital requirements have reduced from 168 days to 123 days

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.34% over past five years.
- Company has a low return on equity of -6.67% over last 3 years.
- Contingent liabilities of Rs.2.47 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -192% | — | — |
| revenue growth | -74% | -8% | -4% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8.65 | 8.86 | 7.83 | 8.14 | 5.38 | 5.29 | 6.72 | 5.46 | 1.75 | 2.89 | 0.78 | 0.5 |
| Expenses | 8.26 | 7.94 | 8.83 | 6.5 | 5.76 | 6.31 | 5.71 | 7.05 | 4.29 | 4.2 | 4.29 | 3.77 |
| Operating Profit | 0.39 | 0.92 | -1 | 1.64 | -0.38 | -1.02 | 1.01 | -1.59 | -2.54 | -1.31 | -3.51 | -3.27 |
| OPM % | 4.51 | 10.38 | -12.77 | 20.15 | -7.06 | -19.28 | 15.03 | -29.12 | -145.14 | -45.33 | -450 | -654 |
| Other Income | 0.25 | 0.2 | 0.51 | -0.26 | 0.15 | 0.15 | 0.15 | 0.16 | 0.01 | 0 | 0.01 | 0.12 |
| Interest | 0.12 | 0.14 | 0.13 | 0.21 | 0.13 | 0.34 | 0.16 | 0.25 | 0.16 | 0.15 | 0.25 | 0.11 |
| Depreciation | 0.49 | 0.51 | 0.53 | 0.42 | 0.56 | 0.62 | 0.62 | 0.71 | 0.56 | 0.56 | 0.56 | 0.56 |
| Profit before tax | 0.03 | 0.47 | -1.15 | 0.75 | -0.92 | -1.83 | 0.38 | -2.39 | -3.25 | -2.02 | -4.31 | -3.82 |
| Tax % | 1266.67 | 78.72 | -46.09 | 134.67 | 2.17 | -1.09 | -10.53 | 5.02 | -1.23 | -3.96 | 6.5 | -7.59 |
| Net Profit | -0.35 | 0.1 | -0.63 | -0.26 | -0.94 | -1.81 | 0.42 | -2.51 | -3.2 | -1.95 | -4.58 | -3.54 |
| EPS in Rs | -0.34 | -0.06 | -0.21 | 0.29 | -0.53 | -0.97 | 0.4 | -1.56 | -1.82 | -0.96 | -2.78 | -2.2 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 32 | 27 | 32 | 29 | 27 | 29 | 34 | 33 | 23 | 6 |
| Expenses | 23 | 21 | 25 | 22 | 24 | 22 | 33 | 32 | 25 | 17 |
| Operating Profit | 10 | 5 | 7 | 6 | 2 | 7 | 0 | 2 | -2 | -11 |
| OPM % | 30 | 21 | 22 | 22 | 9 | 25 | 1.2 | 6 | -10 | -180 |
| Other Income | -3 | -1 | 0 | 0 | 0 | 2 | 1 | 1 | 1 | 0 |
| Interest | 3 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 3 | 3 | 2 | 3 | 2 | 2 | 3 | 2 |
| Profit before tax | 2 | 1 | 3 | 3 | 0 | 6 | -1 | 0 | -5 | -13 |
| Tax % | 59 | 80 | 36 | 35 | 29 | 33 | 93 | 1230 | 2 | — |
| Net Profit | 1 | 0 | 2 | 2 | 0 | 4 | -3 | -1 | -5 | -13 |
| EPS in Rs | — | — | — | — | -0.2 | 2.58 | -1.11 | -0.3 | -2.66 | -7.76 |
| Dividend Payout % | 93 | 0 | 38 | 0 | 0 | 0 | -63 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 14 | 14 | 14 | 15 | 15 |
| Reserves | 9 | 9 | 10 | 11 | 13 | 14 | 19 | 16 | 16 | 11 |
| Borrowings | 17 | 15 | 12 | 7 | 3 | 2 | 9 | 8 | 12 | 10 |
| Other Liabilities | 3 | 8 | 7 | 7 | 8 | 4 | 10 | 13 | 11 | 15 |
| Total Liabilities | 40 | 43 | 39 | 36 | 35 | 34 | 51 | 52 | 53 | 51 |
| Fixed Assets | 14 | 13 | 19 | 17 | 14 | 13 | 16 | 18 | 19 | 17 |
| CWIP | 0 | 2 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 3 |
| Investments | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 10 |
| Other Assets | 24 | 26 | 18 | 17 | 18 | 19 | 32 | 30 | 31 | 22 |
| Total Assets | 40 | 43 | 39 | 36 | 35 | 34 | 51 | 52 | 53 | 51 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 5 | 8 | 9 | 7 | 5 | 2 | 4 | -1 | -4 | 5 |
| Cash from Investing Activity | 0 | -3 | -6 | 0 | 0 | -1 | -5 | -4 | -2 | -3 |
| Cash from Financing Activity | -4 | -4 | -4 | -8 | -4 | 3 | 7 | -1 | 2 | -2 |
| Net Cash Flow | 0 | 1 | -2 | -1 | 1 | 3 | 6 | -7 | -4 | 0 |
| Free Cash Flow | 4 | 5 | 3 | 6 | 5 | 1 | -3 | -6 | -7 | 1 |
| CFO/OP | 60 | 88 | 182 | 111 | 96 | 240 | 51 | -557 | -248 | -210 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 142 | 139 | 99 | 64 | 76 | 71 | 99 | 80 | 104 | 109 |
| Inventory Days | 313 | 307 | 297 | 240 | 266 | 309 | 809 | 362 | 419 | 695 |
| Days Payable | 35 | 29 | 46 | 48 | 60 | 81 | 217 | 156 | 154 | 394 |
| Cash Conversion Cycle | 421 | 417 | 349 | 256 | 283 | 300 | 691 | 287 | 369 | 410 |
| Working Capital Days | 222 | 207 | 166 | 121 | 135 | 142 | 182 | 154 | 229 | 123 |
| ROCE % | — | 23 | 12 | 15 | 14 | 1 | 18 | -2 | 2 | -10 |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Sep 2016 |
| --- | --- | --- |
| Promoters | 48.9% | 44.9% |
| DIIs | 0.07% | 0.13% |
| Public | 51.03% | 54.97% |
| No. of Shareholders | 12391 | 12363 |

### Quarterly

| Category | Mar 2016 | Jun 2016 | Sep 2016 |
| --- | --- | --- | --- |
| Promoters | 48.9% | 44.9% | 44.9% |
| FIIs | 0% | 7.74% | 0% |
| DIIs | 0.07% | 6.25% | 0.13% |
| Public | 51.03% | 41.12% | 54.97% |
| No. of Shareholders | 12391 | 12374 | 12363 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 232.25 | Sell |
| EMA (10) | 232.51 | Sell |
| SMA (20) | 248.57 | Sell |
| EMA (20) | 241.29 | Sell |
| SMA (50) | 254.52 | Sell |
| EMA (50) | 255.64 | Sell |
| SMA (100) | 278.27 | Sell |
| EMA (100) | 276.47 | Sell |
| SMA (200) | 323.57 | Sell |
| EMA (200) | 314.71 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.56 | Neutral |
| MACD (12,26,9) | -10.04 | Sell |
| Stochastic (14,3,3) | 10.95 | Buy |
| ADX (14) | 28.2 | Buy |
| Williams %R (14) | -80.4 | Buy |
| ATR (14) | 10.61 | High Volatility |
| ROC (12) | -10.21 | Sell |
| Stoch RSI (14) | 26.98 | Neutral |
| UO (7,14,28) | 38.15 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-24 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01eb26b6-927c-4dc6-a48b-309ed8fedaa3.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/88675ed6-5f59-4a96-bf42-1c52e405a12f.pdf) |
| 2026-02-09 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/871f5482-8bfa-407b-8eea-111200de1102.pdf) |
| 2026-02-03 | [Intimation Under Regulation 31(A)(8) Of SEBI (LODR) Regulations, 2015, As Amended ('Listing Regulations')](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0878630c-4a64-4d9a-a37e-4a9e15ea1ad6.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/68fe59b4-11ab-4040-b022-4e5d1fd41c15.pdf) |
| 2026-02-02 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c1d6b48d-e33d-4293-b4e8-29a47c1cfc89.pdf) |
| 2016-11-04 | [Standalone & Consolidated Financial Results for March 31, 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=946ED7A7_4C92_47FA_A12B_03A19EEC413E_123841.pdf) |
| 2016-11-04 | [Standalone & Consolidated Financial Results for March 31, 2016](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/11/946ED7A7_4C92_47FA_A12B_03A19EEC413E_123841.pdf) |
| 2016-10-25 | [Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8B0620A5_9F06_4A59_95F6_D9C06DCE7239_115527.pdf) |
| 2016-10-25 | [Resignation of Director](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2016/10/8B0620A5_9F06_4A59_95F6_D9C06DCE7239_115527.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f73f363e-f614-4498-a96f-357a57041685.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ebab70e6-a49e-44c7-93b2-c4c6cad8e691.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0576bb3-9d3a-4811-b890-1364ecf05fda.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/506395/73484506395.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/506395/68749506395.pdf) |
| Mar 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/506395/5063950320.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/506395/5063950319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/506395/5063950318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/506395/5063950317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/506395/5063950316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/871f5482-8bfa-407b-8eea-111200de1102.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1bfed9fa-8c21-4d02-8dff-7eb482f0eae1.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f98f36dd-48d8-44cb-bb5f-87a2c28c359f.pdf) |
| May 2025 | Concall - May 2025 |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/becd2b14-8e0d-4524-bbfa-3fa1b4a3a62e.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/69666059-0627-431b-8af0-65d586682ed0.pdf) |
| Dec 2024 | Concall - Dec 2024 |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2c37bff0-3d65-4e44-8cdf-d6d309b56a45.pdf) |
| Aug 2024 | [Concall - Aug 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f488debf-0924-4cb8-9637-0954e5475ac7.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/130c1373-5fe4-48e3-a65a-cbed9506cb6f.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-11-07 | Credit rating update — CRISIL |
| 2025-08-22 | Credit rating update — India Ratings |
| 2025-08-05 | Credit rating update — CRISIL |
| 2025-03-24 | Credit rating update — CRISIL |
| 2024-08-28 | Credit rating update — CRISIL |
| 2024-08-23 | Credit rating update — India Ratings |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:23.052Z.