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Solve Plastic Products

BALCO NSE
₹17.10 down 0.90 (5.00%)
Market Cap
₹7.47 Cr
P/E
5.52

Solve Plastic Products (BALCO) share price was ₹17.10 at the 22 Oct 2026 close; market capitalisation ₹7.47 Cr; P/E (TTM) 5.52; sector Industrial Products. The share price fell 38.2% over the year to 22 Oct 2026 (adjusted for splits and bonuses). In the Mar 2026 quarter, revenue rose 11.1% year on year to ₹23.76 Cr and net profit was ₹0.02 Cr, against −₹2.84 Cr a year earlier (compared with Mar 2025). Promoters held 63.35% of Solve Plastic Products in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 49/100 (Average) as of 4 Sep 2026.

Close 22 Oct 2026 ₹17.10 −9.90 −36.67% 1Y

Key Fundamentals

SMEIndustrial ProductsCapital Goods
Market Cap
₹7.47 Cr
P/E (TTM)
5.52
EBITDA
₹2.60 Cr
Return on Equity
4.2%
Debt to Equity
1.09
Book Value
₹23.84
EPS (TTM)
₹3.10
52W High
₹28.95
52W Low
₹13.40

Price-based figures as of 22 Oct 2026, 15:30 IST · TTM

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Supreme Industries
₹3,212.5039.5340,807 Cr6.380.36%15.46%19.93%12,488 Cr1,033 Cr
Astral
₹1,358.5063.3936,496 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
₹141.0714.228,753 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
Solve Plastic Products (this company)
₹17.105.527 Cr0.720.00%4.20%12.48%23 Cr1 Cr
Median 8 companies₹807.6533.688,995 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, as of . How it works →

49 Average
Overall score

Data confidence 100/100

Category scores

Quality Poor 37
Returns, margins, earnings quality 22% weight
Valuation Strong 67
Cheap vs sector & own history 24% weight
Growth Average 52
Sales & profit trajectory 9% weight
Financial Health Poor 26
Solvency, leverage, coverage 9% weight
Momentum Average 48
Trend strength, vol-adjusted 12% weight
Ownership Average 50
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Stock is trading at 0.80 times its book value

Weaknesses

3
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.92% over past five years.
  • Company has a low return on equity of -14.3% over last 3 years.

Technical Indicators

Oscillators

Bullish

Bearish
2
Neutral
4
Bullish
3

Overall

Bearish

Bearish
12
Neutral
4
Bullish
3

Moving Averages

Bearish

Bearish
10
Neutral
0
Bullish
0

Growth Rate

Revenue Growth
10.29% higher than 3Y

change over 1 year

Net Income Growth
-108% lower than 3Y

change over 1 year

Cash Flow Change
205%

change over 1 year

EBITDA Margin Change
-166%

change over 1 year Operating margin 3.49% · Mar 2026

Quarterly Results

Particulars Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales
23.58
22.61
20.08
21.38
21.83
23.76
Expenses
22.65
20.78
20.94
24.46
20.6
22.93
Operating Profit
0.93
1.83
-0.86
-3.08
1.23
0.83
OPM %
3.94%
8.09%
-4.28%
-14.41%
5.63%
3.49%
Other Income
0.49
0.48
0.2
0.17
0.42
0.11
Interest
0.77
0.74
0.64
0.35
0.53
0.51
Depreciation
0.36
0.41
0.45
0.5
0.47
0.49
PBT
0.29
1.16
-1.75
-3.76
0.65
-0.06
Tax %
-62.07%
17.24%
11.43%
-24.47%
36.92%
-133.33%
Net Profit
0.47
0.96
-1.95
-2.84
0.42
0.02
EPS (₹)
1.53
3.13
-4.46
-6.5
0.96
0.05
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
40.59
54.59
58.71
46.19
39.86
44.65
Expenses
39.36
53.5
56.75
43.43
43.81
42.59
Operating Profit
1.23
1.09
1.96
2.76
-3.95
2.06
OPM %
3.03%
2%
3.34%
5.98%
-9.91%
4.61%
Other Income
0.66
0.71
1.48
0.97
0.38
0.54
Interest
1.67
1.43
1.38
1.51
0.99
1.05
Depreciation
1.18
0.9
0.83
0.77
0.95
0.96
PBT
-0.96
-0.53
1.23
1.45
-5.51
0.59
Tax %
-84.38%
-22.64%
2.44%
1.38%
-13.25%
27.12%
Net Profit
-0.15
-0.41
1.2
1.42
-4.79
0.44
EPS (₹)
-0.49
-1.35
3.95
4.63
-10.97
1.01
Div. Payout %
0%
0%
0%
0%
0%
0%
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3.04
3.04
3.04
3.07
4.37
4.37
Reserves
-1.9
-2.31
-1.11
1.32
5.61
6.05
Borrowings
15.44
12.3
12.22
12.41
9.86
11.33
Other Liabilities
4.76
5.2
4.6
5.32
4.49
7.71
Total Liabilities
21.34
18.23
18.75
22.12
24.33
29.46
Fixed Assets
5.52
5.28
5.14
5.26
5.96
5.73
CWIP
0
0
0
0.89
0.11
3.08
Investments
0
0
0
0
0
0
Other Assets
15.82
12.95
13.61
15.97
18.26
20.65
Total Assets
21.34
18.23
18.75
22.12
24.33
29.46
Figures in ₹ Crores

Cash Flow

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
2.36
5.3
2.14
1.86
-3.08
3.23
Investing
-0.11
-0.73
-0.68
-1.75
-0.84
-3.66
Financing
-2.25
-4.57
-1.46
-0.11
6.88
0.45
Net Cash Flow
0
0
-0.01
0
2.96
0.02
Free Cash Flow
2.22
4.56
1.49
0.1
-3.94
-0.47
CFO/OP
192
486
109
67
78
157
Figures in ₹ Crores

Ratios

Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
45.14
29.95
25.61
39.91
40.47
35.56
Inventory Days
80.09
51.82
54.86
91.52
72.47
107
Days Payable
20.83
25.91
10.58
30.51
18.15
67.61
Cash Conversion Cycle
104
55.86
69.9
101
94.8
75.09
Working Capital Days
1.44
-13.31
-7.21
3.63
20.33
-7.36
ROCE %
—
6.08%
18.84%
19.13%
-24.67%
7.89%

Insights

Beta

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

Log in to view Solve Plastic Products insights

51 extracted metrics + investor summaries across FY21–FY26.

Shareholding Pattern

Promot.63.35%Others4.42%Public32.22%As ofSep 2026

Documents

Frequently Asked Questions about Solve Plastic Products

What does Solve Plastic Products Ltd do?
Incorporated in 1994, Solve Plastic Products Ltd manufactures Unplasticized Polyvinyl Chloride Pipes and Rigid PVC Electrical Conduits[1]
Where is Solve Plastic Products Ltd (BALCO) listed?
Solve Plastic Products Ltd trades as BALCO on the NSE.
Which sector does Solve Plastic Products Ltd belong to?
Solve Plastic Products Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the market capitalisation of Solve Plastic Products Ltd?
Solve Plastic Products Ltd has a market capitalisation of ₹7.47 Cr as of 22 Oct 2026, which places it in the Small Cap band.
What is the PE ratio of Solve Plastic Products Ltd?
Solve Plastic Products Ltd trades at a PE ratio of 5.52 as of 22 Oct 2026, on earnings per share of ₹3.1, against a book value of ₹23.84 per share.
What is the 52-week high and low of Solve Plastic Products Ltd?
Over the last 52 weeks Solve Plastic Products Ltd has traded between ₹13.4 and ₹28.95 as of 22 Oct 2026.
What is the Return on Equity (ROE) of Solve Plastic Products Ltd?
Solve Plastic Products Ltd reported a return on equity of 4.20%. Its debt-to-equity ratio is 1.09.

Company Information

Incorporated in 1994, Solve Plastic Products Ltd manufactures Unplasticized Polyvinyl Chloride Pipes and Rigid PVC Electrical Conduits[1]

Website balcopipes.com
Listed 2024-08-21
Face Value ₹ 10
Shares Outstanding 43,68,250

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