---
title: "Polar Industries Ltd (POLARIND) — Share Price, Financials & Analysis"
symbol: "POLARIND"
company: "Polar Industries Ltd"
canonical: "https://tapetide.com/stocks/POLARIND"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
generated_at: "2026-09-13T19:36:20.585Z"
---

# Polar Industries Ltd (POLARIND)

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

## Company

- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** polarinc.com

## About

Polar Industries Limited, incorporated in India, Listed on the Bombay Stock  exchange Limited, and National Stock Exchange Limited, the company is engaged in Polar Fans, which provides fans and pumps to households and institutions

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -74.3% over past five years.
- Company has high debtors of 1,679 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -245% | 22% | 7% |
| revenue growth | -88% | -92% | -74% |

## Financial Statements

### Profit & Loss

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

| Item | Sep 2006 18m | Mar 2007 6m | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 136.81 | 44.66 | 87.38 | 92.69 | 19.69 | 0.43 | 0.05 |
| Expenses | 144.7 | 49.51 | 174.5 | 132.9 | 59.45 | 1.32 | 4.99 |
| Operating Profit | -7.89 | -4.85 | -87.12 | -40.21 | -39.76 | -0.89 | -4.94 |
| OPM % | -5.77 | -10.86 | -99.7 | -43.38 | -201.93 | -206.98 | -9880 |
| Other Income | -57.09 | -13.32 | 84.49 | 28.09 | 57.04 | 5.21 | 0.28 |
| Interest | 12.71 | 4.99 | 5.31 | 1.63 | 0.93 | 0.33 | 0.8 |
| Depreciation | 1.03 | 0.32 | 0.73 | 0.71 | 0.43 | 0.15 | 0.13 |
| Profit before tax | -78.72 | -23.48 | -8.67 | -14.46 | 15.92 | 3.84 | -5.59 |
| Tax % | 7.39 | 0.26 | 1.96 | 1.24 | 0 | 0 | 0 |
| Net Profit | -84.54 | -23.54 | -8.84 | -14.64 | 15.92 | 3.84 | -5.59 |
| EPS in Rs | -62 | -17.26 | — | — | 7.51 | 1.81 | -2.64 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Sep 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 13.63 | 13.63 | 18.13 | 18.13 | 21.2 | 21.2 | 21.2 |
| Reserves | -86.75 | -110.35 | -117.4 | -131.44 | -117.06 | -113.26 | -118.89 |
| Borrowings | 97.19 | 102.86 | 79.01 | 74.75 | 37.66 | 31.45 | 32.57 |
| Other Liabilities | 54.34 | 66.41 | 90.62 | 97.48 | 81.16 | 77.67 | 82.02 |
| Total Liabilities | 78.41 | 72.55 | 70.36 | 58.92 | 22.96 | 17.06 | 16.9 |
| Fixed Assets | 12.96 | 12.8 | 12.7 | 10.94 | 3.6 | 3.37 | 3.2 |
| CWIP | 0.27 | 1.03 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.06 | 2.06 | 1.04 | 0.91 | 0.27 | 0.08 | 0.08 |
| Other Assets | 63.12 | 56.66 | 56.62 | 47.07 | 19.09 | 13.61 | 13.62 |
| Total Assets | 78.41 | 72.55 | 70.36 | 58.92 | 22.96 | 17.06 | 16.9 |

### Cash Flow

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

| Item | Sep 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -13.69 | -0.04 | 9.83 | -10.34 | 0.42 | 6.34 | -2.48 |
| Cash from Investing Activity | -2.21 | -1.02 | 2.15 | 10.46 | 31.87 | 0.72 | 0 |
| Cash from Financing Activity | 14.16 | 1.54 | -8.5 | -2.14 | -34.56 | -7.15 | 2.65 |
| Net Cash Flow | -1.74 | 0.48 | 3.48 | -2.02 | -2.27 | -0.09 | 0.17 |
| Free Cash Flow | -15.99 | -1.06 | 11.33 | 0.08 | 32 | 6.38 | -2.48 |
| CFO/OP | 173 | -2 | -11 | 26 | -1 | -712 | 50 |

### Ratios

| Item | Sep 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 105.49 | 232.68 | 86.84 | 61.98 | 12.79 | 220.7 | 1679 |
| Inventory Days | 50.14 | 191.52 | 114.77 | 50.06 | 23.55 | 984.39 | 6351 |
| Days Payable | 148.38 | 505.95 | 398.46 | 344.05 | 1116.83 | 59306.97 | 412085 |
| Cash Conversion Cycle | 7.25 | -81.75 | -196.84 | -232.01 | -1080.49 | -58101.88 | -404055 |
| Working Capital Days | 19.13 | -93.91 | -161.15 | -208.59 | -1155.8 | -63119.53 | -576408 |

## Technical Indicators

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

- **Overall Signal:** Neutral
- **Buy / Neutral / Sell:** 6 / 7 / 6

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 147.67 | Buy |
| EMA (10) | 148.12 | Buy |
| SMA (20) | 154.2 | Buy |
| EMA (20) | 152.81 | Buy |
| SMA (50) | 168.55 | Sell |
| EMA (50) | 168.33 | Sell |
| SMA (100) | 198.14 | Sell |
| EMA (100) | 194.93 | Sell |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 50.71 | Neutral |
| MACD (12,26,9) | -6.99 | Buy |
| Stochastic (14,3,3) | 29.16 | Neutral |
| ADX (14) | 34.69 | Buy |
| Williams %R (14) | -21.18 | Neutral |
| ATR (14) | 8.54 | High Volatility |
| ROC (12) | -0.92 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 51.68 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2010 from nse](https://archives.nseindia.com/annual_reports/AR_POLARIND_2009_2010_04102010120000.zip) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/504288/5042880312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport/504288/5042880311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport/504288/5042880310.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 2026-09-13T19:36:20.585Z.