---
title: "SPL Polymers Ltd(merged) (524364) — Share Price, Financials & Analysis"
symbol: "524364"
company: "SPL Polymers Ltd(merged)"
canonical: "https://tapetide.com/stocks/524364"
isin: "INE615D01011"
bse_code: "524364"
generated_at: "2026-10-13T10:59:18.935Z"
---

# SPL Polymers Ltd(merged) (524364)

Canonical page: https://tapetide.com/stocks/524364

## Company

- **BSE Code:** 524364
- **ISIN:** INE615D01011
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** shinhochem.com

## Latest Price

## Key Insights

### Strengths

- Company's working capital requirements have reduced from 49.9 days to 32.2 days

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 73% |
| revenue growth | 108% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- |
| Sales | 30.84 | 52.34 | 42.13 |
| Expenses | 26.84 | 45.34 | 38.67 |
| Operating Profit | 4 | 7 | 3.46 |
| OPM % | 12.97 | 13.37 | 8.21 |
| Other Income | 0.04 | 0.78 | 1.32 |
| Interest | 0.13 | 0.09 | 0.02 |
| Depreciation | 0.14 | 0.15 | 0.15 |
| Profit before tax | 3.77 | 7.54 | 4.61 |
| Tax % | 24.14 | 22.15 | 25.16 |
| Net Profit | 2.86 | 5.88 | 3.46 |
| EPS in Rs | 2.51 | 3.85 | 2.26 |

### Profit & Loss

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

| Item | Jun 2006 | Jun 2007 |
| --- | --- | --- |
| Sales | 14.14 | 29.48 |
| Expenses | 23.65 | 34.31 |
| Operating Profit | -9.51 | -4.83 |
| OPM % | -67.26 | -16.38 |
| Other Income | 10.94 | 4.89 |
| Interest | 0.44 | 0.51 |
| Depreciation | 0.8 | 0.81 |
| Profit before tax | 0.19 | -1.26 |
| Tax % | 15.79 | 2.38 |
| Net Profit | 0.16 | -1.29 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

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

| Item | Jun 2006 | Jun 2007 |
| --- | --- | --- |
| Equity Capital | 11.8 | 11.8 |
| Reserves | -1.18 | -2.47 |
| Borrowings | 3.73 | 3.32 |
| Other Liabilities | 1.8 | 14.84 |
| Total Liabilities | 16.15 | 27.49 |
| Fixed Assets | 11.27 | 9.05 |
| CWIP | 0 | 0.35 |
| Investments | 0 | 0 |
| Other Assets | 4.88 | 18.09 |
| Total Assets | 16.15 | 27.49 |

### Cash Flow

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

| Item | Jun 2006 | Jun 2007 |
| --- | --- | --- |
| Cash from Operating Activity | -1.22 | 1.5 |
| Cash from Investing Activity | -0.06 | -0.48 |
| Cash from Financing Activity | 0.98 | -0.84 |
| Net Cash Flow | -0.3 | 0.18 |
| Free Cash Flow | -1.3 | 1.01 |
| CFO/OP | 13 | -31 |

### Ratios

| Item | Jun 2006 | Jun 2007 |
| --- | --- | --- |
| Debtor Days | 89.06 | 90.14 |
| Inventory Days | 11.65 | 72.8 |
| Days Payable | 34.95 | 183.83 |
| Cash Conversion Cycle | 65.75 | -20.9 |
| Working Capital Days | 67.63 | 32.19 |
| ROCE % | — | -5.93 |

## Shareholding Pattern

### annual

| Category | Mar 2025 | Sep 2025 |
| --- | --- | --- |
| Promoters | 70.73% | 70.73% |
| FIIs | 2.85% | 0.31% |
| DIIs | 7.01% | 5.6% |
| Public | 19.41% | 23.35% |
| No. of Shareholders | 1177 | 1327 |

### Quarterly

| Category | Mar 2025 | Sep 2025 |
| --- | --- | --- |
| Promoters | 70.73% | 70.73% |
| FIIs | 2.85% | 0.31% |
| DIIs | 7.01% | 5.6% |
| Public | 19.41% | 23.35% |
| No. of Shareholders | 1177 | 1327 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 173.05 | Sell |
| EMA (10) | 171.6 | Sell |
| SMA (20) | 175.77 | Sell |
| EMA (20) | 174.69 | Sell |
| SMA (50) | 180.65 | Sell |
| EMA (50) | 177.23 | Sell |
| SMA (100) | 176.08 | Sell |
| EMA (100) | 177.72 | Sell |
| SMA (200) | 181.05 | Sell |
| EMA (200) | 181.7 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 42.87 | Neutral |
| MACD (12,26,9) | -3.29 | Sell |
| Stochastic (14,3,3) | 16.12 | Buy |
| ADX (14) | 18.49 | Neutral |
| Williams %R (14) | -77.03 | Neutral |
| ATR (14) | 7.54 | High Volatility |
| ROC (12) | -4.93 | Sell |
| Stoch RSI (14) | 28.65 | Neutral |
| UO (7,14,28) | 46.36 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-02-28 | [Action(s) initiated or orders passed](https://nsearchives.nseindia.com/corporate/DELTIC_28022026174649_NSE-_Custom_SCN_28-2-26.pdf) |
| 2026-02-26 | [Press Release](https://nsearchives.nseindia.com/corporate/DELTIC_26022026104257_Press_Release.pdf) |
| 2026-02-19 | [Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/DELTIC_19022026161054_Outcome_of_Board_Meeting_for_change_of_Corporate_office_of_the_Company.pdf) |
| 2026-01-28 | [General Updates](https://nsearchives.nseindia.com/corporate/DELTIC_28012026113123_Intimation_for_appointment_of_AGM-NPD.pdf) |
| 2026-01-28 | [Press Release](https://nsearchives.nseindia.com/corporate/DELTIC_28012026113631_Press_Release_DELTIC.pdf) |
| 2026-01-19 | [Clarification - Financial Results](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=DELTIC&tabIndex=sme) |
| 2026-01-17 | [Updates](https://nsearchives.nseindia.com/corporate/DELTIC_17012026155619_Shantanu_Resignation.pdf) |
| 2026-01-10 | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter](https://nsearchives.nseindia.com/corporate/DELTIC_10012026143407_Regulation_27_OF_SEBI_LODR_Final.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://archives.nseindia.com/annual_reports/SME_AR_27853_DELTIC_2024_2025_A_83135350_29082025093358.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/DELTIC_25112025114714_Transcript_of_Investors_Call.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/DELTIC_09062025163800_CL_signed.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/DELTIC_31052025160124_cl_signed.pdf) |

---

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 2026-10-13T10:59:18.935Z.