Solve Plastic Products
BALCO NSE
Solve Plastic Products
Industrial ProductsNSE: BALCO Plastic Products - Industrial
Key Fundamentals
SMEPlastic Products - IndustrialIndustrial ProductsMarket Cap
₹8.30 Cr
Volatility
Moderate
P/E Ratio
19
EBITDA
₹2.06 Cr
Return on Equity
-47.99%
Debt to Equity
1.09
Book Value
₹23.85
52W High
₹31.85
52W Low
₹13.4
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.84 times its book value
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.35% over past five years.
- Company has a low return on equity of -14.3% over last 3 years.
Growth Rate
Revenue Growth
9.04% higher than
3Y
Net Income Growth
-112% lower than
3Y
Cash Flow Change
-266% lower than
3Y
ROE
-248% lower than
3Y
ROCE
-192% lower than
3Y
EBITDA Margin (Avg.)
-152% lower than
3Y
Quarterly Results
| Particulars | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 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 in Rs | 1.53 | 3.13 | -4.46 | -6.5 | 0.96 | 0.05 |
Profit & Loss
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 40.59 | 54.59 | 58.71 | 46.19 | 41.46 | 45.58 |
| Expenses | 39.36 | 53.5 | 56.75 | 43.43 | 45.41 | 43.52 |
| Operating Profit | 1.23 | 1.09 | 1.96 | 2.76 | -3.95 | 2.06 |
| OPM % | 3.03% | 2% | 3.34% | 5.98% | -9.53% | 4.52% |
| 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 in Rs | -0.49 | -1.35 | 3.95 | 4.63 | -10.97 | 1.01 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 7.7 |
| Total Liabilities | 21.34 | 18.23 | 18.75 | 22.12 | 24.33 | 29.45 |
| 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 | 20.64 |
| Total Assets | 21.34 | 18.23 | 18.75 | 22.12 | 24.33 | 29.45 |
Cash Flow
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 | 75 | 157 |
Ratios
| Particulars | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 45.14 | 29.95 | 25.61 | 39.91 | 38.91 | 34.83 |
| Inventory Days | 80.09 | 51.82 | 54.86 | 91.52 | 74.16 | 107 |
| Days Payable | 20.83 | 25.91 | 10.58 | 30.51 | 18.57 | 67.61 |
| Cash Conversion Cycle | 104 | 55.86 | 69.9 | 101 | 94.5 | 74.37 |
| Working Capital Days | 1.44 | -13.31 | -7.21 | 3.63 | 19.54 | -7.21 |
| ROCE % | — | 6.08% | 18.84% | 19.13% | -24.67% | 7.89% |
Insights
BetaAI-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.
Documents
1
Resignation
11 Sep - Ms. Merlin Roy resigned as CFO effective 11 September 2026; replacement to be appointed. 11 Sep - Ms. Merlin Roy resigned as CFO effective 11 September 2026; replacement to be appointed.
2
Press Release
8 Sep - Newspaper ads published for 31st AGM on 30 September 2026 at Hotel HYBIZ RO, Kerala. 8 Sep - Newspaper ads published for 31st AGM on 30 September 2026 at Hotel HYBIZ RO, Kerala.
3
Shareholders meeting
8 Sep - Notice of 31st AGM on 30 Sep 2026; e-voting 27–29 Sep; financial statements, two director reappointments, secretarial auditor appointment. 8 Sep - Notice of 31st AGM on 30 Sep 2026; e-voting 27–29 Sep; financial statements, two director reappointments, secretarial auditor appointment.
4
Outcome of Board Meeting
1 Sep - Board approved 30 Sep 2026 AGM and noted Whole Time Director Susil Kumar B resignation effective 1 Sep 2026. 1 Sep - Board approved 30 Sep 2026 AGM and noted Whole Time Director Susil Kumar B resignation effective 1 Sep 2026.
5
Resignation
1 Sep - Whole-time Director Susil Balakrishnan Nair resigned effective 1 September 2026 for personal reasons. 1 Sep - Whole-time Director Susil Balakrishnan Nair resigned effective 1 September 2026 for personal reasons.
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 ₹8.3 Cr, 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 19.00, against a book value of ₹23.85 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 ₹31.85.
What is the Return on Equity (ROE) of Solve Plastic Products Ltd?
Solve Plastic Products Ltd reported a return on equity of -47.99%. 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]
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