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Polymac Thermoformers

537573 BSE
₹11.05 down 1.22 (9.94%)
Market Cap
₹5.30 Cr

Polymac Thermoformers (POLYMAC) share price was ₹11.05 at the 25 Sep 2026 close; market capitalisation ₹5.30 Cr; sector Industrial Products. The share price fell 42.8% over the year to 25 Sep 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue was ₹8.7 Cr, against ₹4.7 Cr a year earlier and net profit was −₹0.33 Cr, against −₹1.00 Cr a year earlier (compared with Mar 2025). Promoters held 25.21% of Polymac Thermoformers in Sep 2026, unchanged from Mar 2026.

Close 25 Sep 2026 ₹11.05 −6.95 −38.61% 1Y

Key Fundamentals

SMEIndustrial ProductsCapital Goods
Market Cap
₹5.30 Cr
EBITDA
₹0.00
Return on Equity
-1.64%
Debt to Equity
0.43
Book Value
₹22.36
EPS (TTM)
—
52W High
₹19.98
52W Low
₹6.70

Last traded 26 Sep 2026 · TTM

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Supreme Industries
₹3,212.1039.5240,802 Cr6.380.36%15.46%19.93%12,488 Cr1,033 Cr
Astral
₹1,358.4063.3936,493 Cr9.000.29%13.18%18.43%6,836 Cr576 Cr
Garware Hi-Tech Films
₹7,098.0042.5116,490 Cr5.670.17%12.73%16.71%2,461 Cr388 Cr
Kingfa Science & Technology
₹6,816.5040.939,237 Cr6.600.29%13.24%17.92%2,244 Cr225 Cr
Finolex Industries
₹141.1014.228,755 Cr1.411.94%9.64%12.75%4,214 Cr616 Cr
Time Technoplast
₹162.4316.058,018 Cr1.960.91%11.44%15.75%6,455 Cr498 Cr
Prince Pipes & Fittings
₹256.8027.822,839 Cr1.730.40%4.57%6.34%2,640 Cr103 Cr
Polymac Thermoformers (this company)
₹11.05—5 Cr0.490.00%-1.64%-1.28%1 Cr-1 Cr
Median 8 companies₹807.6039.528,996 Cr3.820.32%12.09%16.23%3,427 Cr443 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100. How it works →

No Tapetide Score has been computed for this stock yet.

Key Insights

Strengths

1
  • Stock is trading at 0.49 times its book value

Weaknesses

5
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 25.2%
  • Company has a low return on equity of 1.14% over last 3 years.
  • Debtor days have increased from 41.3 to 68.1 days.

Technical Indicators

Oscillators

Neutral

Bearish
3
Neutral
3
Bullish
3

Overall

Bearish

Bearish
9
Neutral
3
Bullish
7

Moving Averages

Bearish

Bearish
6
Neutral
0
Bullish
4

Growth Rate

Revenue Growth
-44.74% lower than 3Y

change over 1 year

Net Income Growth
-200% lower than 3Y

change over 1 year

Cash Flow Change
-188%

change over 1 year

EBITDA Margin Change
-121%

change over 1 year Operating margin -4.37% · Mar 2026

Quarterly Results

Particulars Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
2.3
1.3
4.84
3.1
4.08
3.61
5.19
8.37
6.18
3.87
4.7
4.44
8.7
Expenses
2.43
1.71
4.84
3.17
4.04
3.65
6.04
8.16
6.27
2.46
6.3
3.9
9.08
Operating Profit
-0.13
-0.41
0
-0.07
0.04
-0.04
-0.85
0.21
-0.09
1.41
-1.6
0.54
-0.38
OPM %
-5.65%
-31.54%
0%
-2.26%
0.98%
-1.11%
-16.38%
2.51%
-1.46%
36.43%
-34.04%
12.16%
-4.37%
Other Income
0.29
0.15
0.64
0.35
0.71
1.08
0.73
0
0.67
0
0.63
0
0.31
Interest
0.07
0.05
0.05
0.05
0.2
0.07
0.07
0.07
0.1
0.28
-0.11
0.09
0.11
Depreciation
0.07
0.05
0.05
0.05
0.08
0.09
0.09
0.1
0.1
0.08
0.11
0.11
0.11
PBT
0.02
-0.36
0.54
0.18
0.47
0.88
-0.28
0.04
0.38
1.05
-0.97
0.34
-0.29
Tax %
0%
0%
0%
0%
31.91%
0%
57.14%
0%
28.95%
0%
3.09%
0%
17.24%
Net Profit
0.02
-0.36
0.54
0.18
0.32
0.88
-0.43
0.04
0.27
1.04
-1
0.34
-0.33
EPS (₹)
0.04
-0.75
1.13
0.38
0.67
1.84
-0.9
0.08
0.56
2.18
-2.09
0.71
-0.69
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1.47
1.48
2.63
3.91
6.73
5.24
6.14
7.18
8.8
14.54
8.55
13.13
Expenses
7.22
2.89
7
4.16
6.74
5.76
6.55
7.21
9.69
14.44
8.74
12.94
Operating Profit
-5.75
-1.41
-4.37
-0.25
-0.01
-0.52
-0.41
-0.03
-0.89
0.1
-0.19
0.19
OPM %
-391.16%
-95.27%
-166.16%
-6.39%
-0.15%
-9.92%
-6.68%
-0.42%
-10.11%
0.69%
-2.22%
1.45%
Other Income
6.04
1.62
4.94
0.28
0.29
0.54
0.81
1.06
1.81
0.67
0.63
0.28
Interest
0.05
0.05
0.06
0.04
0.06
0.12
0.1
0.25
0.14
0.16
0.17
0.2
Depreciation
0.15
0.14
0.2
0.09
0.09
0.12
0.1
0.13
0.17
0.19
0.2
0.21
PBT
0.09
0.02
0.31
-0.1
0.13
-0.22
0.2
0.65
0.61
0.42
0.07
0.06
Tax %
22.22%
0%
25.81%
0%
15.38%
13.64%
45%
23.08%
26.23%
26.19%
42.86%
83.33%
Net Profit
0.07
0.02
0.23
-0.1
0.11
-0.24
0.11
0.5
0.45
0.31
0.04
0.01
EPS (₹)
0.15
0.04
0.48
-0.21
0.23
-0.5
0.23
1.05
0.94
0.65
0.08
0.02
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
4.78
4.78
4.78
4.78
4.78
4.78
4.78
4.78
4.78
4.78
4.78
4.78
Reserves
5.66
5.63
5.86
5.76
5.87
5.63
5.74
6.24
5.48
5.79
5.84
5.91
Borrowings
0.78
1.28
1.41
0.52
1.28
1.28
1.56
28.71
6.87
1.53
1.67
4.58
Other Liabilities
1.78
1.87
2.82
0.8
0.56
0.64
0.64
1.08
1.14
6.81
6.24
3.97
Total Liabilities
13
13.56
14.87
11.86
12.49
12.33
12.72
40.81
18.27
18.91
18.53
19.24
Fixed Assets
1.1
0.99
1.03
0.94
1.06
1.2
1.2
2
2.04
2.23
2.69
3.32
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0.63
0.54
1.62
1
0.05
0.22
0.88
1.03
0.69
0.77
0.78
0.79
Other Assets
11.27
12.03
12.22
9.92
11.38
10.91
10.64
37.78
15.54
15.91
15.06
15.13
Total Assets
13
13.56
14.87
11.86
12.49
12.33
12.72
40.81
18.27
18.91
18.53
19.24
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.33
-0.38
0.68
-0.6
-1.94
0.65
-0.6
-25.49
25.34
-1.45
0.02
-1.65
Investing
2.25
-0.33
-0.57
-5.89
1.43
-0.68
0.46
-0.03
1.92
0.18
-0.04
-0.58
Financing
-2.44
0.56
-0.07
6.49
0.64
-0.11
0.19
26.91
-21.97
-5.49
-0.03
2.71
Net Cash Flow
0.14
-0.15
0.04
0
0.13
-0.14
0.05
1.39
5.29
-6.76
-0.06
0.48
Free Cash Flow
0.11
-0.45
0.52
-0.55
-2.16
0.38
-0.7
-26.42
25.13
-1.84
-0.64
-2.52
CFO/OP
-6
32
-15
240
18,600
-131
124
84,867
-2,847
-1,320
-11
-868
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
17.38
—
83.27
53.21
80.81
36.22
52.91
74.73
32.77
38.41
17.5
68.11
Inventory Days
323
421
214
201
196
224
256
243
184
217
340
174
Days Payable
48.51
110
83.09
69.24
20.02
39.63
24.39
48.36
16.33
152
235
43.59
Cash Conversion Cycle
292
—
214
185
257
221
284
269
200
103
123
198
Working Capital Days
2,073
2,042
998
687
425
517
387
250
16.18
213
341
175
ROCE %
1.11%
0.61%
3.2%
-0.61%
1.65%
-0.76%
2.36%
3.47%
2.64%
3.97%
1.97%
2.03%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Polymac Thermoformers insights

57 extracted metrics + investor summaries across FY13–FY26.

Shareholding Pattern

Public48.74%Promot.25.21%Others26.05%As ofSep 2026

Documents

Frequently Asked Questions about Polymac Thermoformers

What does Polymac Thermoformers Ltd do?
Incorporated in 1999, Polymac Thermoformers Ltd manufactures disposable plastic glasses, cups, and bowls, etc.[1]
Where is Polymac Thermoformers Ltd (POLYMAC) listed?
Polymac Thermoformers Ltd trades under code 537573 on the BSE.
Which sector does Polymac Thermoformers Ltd belong to?
Polymac Thermoformers Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the market capitalisation of Polymac Thermoformers Ltd?
Polymac Thermoformers Ltd has a market capitalisation of ₹5.3 Cr as of 26 Sep 2026, which places it in the Small Cap band.
What is the 52-week high and low of Polymac Thermoformers Ltd?
Over the last 52 weeks Polymac Thermoformers Ltd has traded between ₹6.7 and ₹19.98 as of 26 Sep 2026.
What is the Return on Equity (ROE) of Polymac Thermoformers Ltd?
Polymac Thermoformers Ltd reported a return on equity of -1.64%. Its debt-to-equity ratio is 0.43.

Company Information

Incorporated in 1999, Polymac Thermoformers Ltd manufactures disposable plastic glasses, cups, and bowls, etc.[1]

Website polymacthermoformers.com
Listed 2014-02-26
Face Value ₹ 10
Shares Outstanding 47,96,380

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