---
title: "Polysil Irrigation Systems Ltd (POLYSIL) — Share Price, Financials & Analysis"
symbol: "POLYSIL"
company: "Polysil Irrigation Systems Ltd"
canonical: "https://tapetide.com/stocks/POLYSIL"
isin: "INE517M01028"
nse_symbol: "POLYSIL"
sector: "Industrial Products"
industry: "Plastic Products - Industrial"
market_cap_cr: 227.81
generated_at: "2026-09-13T19:21:31.024Z"
---

# Polysil Irrigation Systems Ltd (POLYSIL)

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

## Company

- **NSE Symbol:** POLYSIL
- **ISIN:** INE517M01028
- **Sector:** Industrial Products
- **Industry:** Plastic Products - Industrial
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2024-02-16
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** polysilirrigation.com

## About

Incorporation in 1985, Polysil Irrigation Systems Ltd manufactures and sells HDPE/LLDPE/LD Pipes and Micro Irrigation Systems[1]

## Latest Price

- **Price:** ₹81.15
- **Change:** -4.25 (-4.98%)
- **Open:** ₹89.65
- **Day High:** ₹89.65
- **Day Low:** ₹81.15
- **Previous Close:** ₹85.4
- **Volume:** 387000
- **As Of:** 2026-09-11T09:55:41+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:03.434249Z.

- **Market Cap:** ₹227.81 Cr
- **Classification:** SME
- **P/E (reported):** 80.6
- **Book Value:** ₹24.45
- **Price to Book:** 3.49
- **Dividend Yield:** 0%
- **ROE:** -8.15%
- **ROCE:** 1.86%
- **Debt to Equity:** 0.61
- **Revenue (yearly):** ₹45.58 Cr
- **Net Income:** ₹2.71 Cr
- **EBITDA:** ₹4.98 Cr
- **52-Week High:** ₹356.75
- **52-Week Low:** ₹47.25
- **RSI (14):** 61.94

## Tapetide Score

- **Score:** 33 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 39.23 | 9% |
| growth | 98.9 | 9% |
| momentum | 1.91 | 12% |
| ownership | 50 | 24% |
| quality | 37.34 | 22% |
| valuation | 14.11 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Weaknesses

- Stock is trading at 3.16 times its book value
- Promoter holding has decreased over last quarter: -4.23%
- The company has delivered a poor sales growth of -3.40% over past five years.
- Promoter holding is low: 23.8%
- Company has a low return on equity of 3.60% over last 3 years.
- Company has high debtors of 419 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 124.16% | -24.5% | 459.52% |
| ebitda margin growth | -60.98% | 23.86% | -16.68% | 37.53% |
| net income growth | -93.1% | -242.63% | 43% | 34% |
| revenue growth | -68.32% | 223.26% | 1% | -3% |
| roce | — | -88.8% | -90.09% | 12.3% |
| roe | — | -198.19% | 1.93% | -268.39% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 25.4 | 0.26 | 14.99 | 15.22 | 5.09 |
| Expenses | 17.63 | 1.01 | 15.82 | 12.07 | 3.54 |
| Operating Profit | 7.77 | -0.75 | -0.83 | 3.15 | 1.55 |
| OPM % | 30.59 | -288.46 | -5.54 | 20.7 | 30.45 |
| Other Income | 0.25 | 0 | 0 | 0.92 | 0.02 |
| Interest | 0.21 | 0.29 | 0.62 | 0.86 | 0.79 |
| Depreciation | 0.18 | 0.2 | 0.16 | 0.18 | 0.18 |
| Profit before tax | 7.63 | -1.24 | -1.61 | 3.03 | 0.6 |
| Tax % | 0 | 2.42 | -2.48 | 2.97 | 66.67 |
| Net Profit | 7.63 | -1.27 | -1.56 | 2.94 | 0.2 |
| EPS in Rs | 6.73 | -0.56 | -0.69 | 1.31 | 0.08 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 39.39 | 54.19 | 37.61 | 43.88 | 44.42 | 13.86 | 45.58 |
| Expenses | 36.6 | 51.13 | 34.76 | 39.26 | 38.86 | 12.9 | 40.6 |
| Operating Profit | 2.79 | 3.06 | 2.85 | 4.62 | 5.56 | 0.96 | 4.98 |
| OPM % | 7.08 | 5.65 | 7.58 | 10.53 | 12.52 | 6.93 | 10.93 |
| Other Income | 0.06 | 0.13 | 0.05 | -0.22 | 0.1 | 0.25 | 1.46 |
| Interest | 0.83 | 1.14 | 1.49 | 1.49 | 1.92 | 1.84 | 2.27 |
| Depreciation | 1.2 | 1.01 | 0.73 | 0.53 | 0.72 | 0.71 | 0.73 |
| Profit before tax | 0.82 | 1.04 | 0.68 | 2.38 | 3.02 | -1.34 | 3.44 |
| Tax % | 39.02 | 37.5 | 50 | 63.87 | 31.46 | 38.06 | 18.31 |
| Net Profit | 0.5 | 0.65 | 0.34 | 0.87 | 2.07 | -1.85 | 2.81 |
| EPS in Rs | 111.11 | 142.86 | 74.73 | 0.88 | 1.83 | -1.63 | 1.25 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.45 | 0.46 | 0.46 | 9.9 | 11.34 | 11.34 | 22.51 |
| Reserves | 12.23 | 12.93 | 13.27 | 5.46 | 13.63 | 11.37 | 35.28 |
| Borrowings | 12.36 | 11.05 | 14.95 | 15.47 | 16.7 | 16.51 | 35.29 |
| Other Liabilities | 13.67 | 17.51 | 17.59 | 24.49 | 36.81 | 49.73 | 38.31 |
| Total Liabilities | 38.71 | 41.95 | 46.27 | 55.32 | 78.48 | 88.95 | 131.39 |
| Fixed Assets | 7.21 | 6.8 | 8.26 | 9.35 | 8.7 | 7.99 | 8.49 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 31.5 | 35.15 | 38.01 | 45.97 | 69.78 | 80.96 | 122.9 |
| Total Assets | 38.71 | 41.95 | 46.27 | 55.32 | 78.48 | 88.95 | 131.39 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0.99 | -0.42 | -0.41 | 2 | -6.25 | 1.51 | -47.58 |
| Cash from Investing Activity | -0.37 | -0.92 | -2.28 | -1.61 | -0.65 | 1.08 | 0.18 |
| Cash from Financing Activity | -0.47 | 1.49 | 2.41 | -0.47 | 6.85 | -2.43 | 48.2 |
| Net Cash Flow | 0.15 | 0.15 | -0.28 | -0.08 | -0.06 | 0.16 | 0.8 |
| Free Cash Flow | 0.12 | -0.98 | -2.59 | 0.38 | -6.32 | 1.5 | -48.82 |
| CFO/OP | 52 | -5 | -8 | 57 | -97 | 117 | -952 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 114.16 | 122.12 | 210.6 | 233.82 | 390.39 | 1112.12 | 418.89 |
| Inventory Days | 208.57 | 146.65 | 239.83 | 200.71 | 207.49 | 1251.02 | 440.8 |
| Days Payable | 154.19 | 110.55 | 179.63 | 193.66 | 292.36 | 1147.14 | 286.84 |
| Cash Conversion Cycle | 168.54 | 158.21 | 270.8 | 240.88 | 305.52 | 1215.99 | 572.85 |
| Working Capital Days | 46.05 | 56.78 | 90.35 | 83.43 | 156.78 | 417.41 | 180.82 |
| ROCE % | — | 8.81 | 8.17 | 13.91 | 13.63 | 1.24 | 8.63 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 31.17% | 31.17% | 31.17% | 28.02% | 28.02% | 28.02% | 23.79% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 1.99% | 1.69% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 65.78% | 65.18% | 51.14% | 52.28% | 57.08% | 52.14% | 43.51% |
| Others | 3.05% | 3.65% | 17.69% | 19.71% | 14.9% | 17.84% | 31.01% |
| No. of Shareholders | 1267 | 1103 | 1059 | 1128 | 962 | 1217 | 1272 |

## Technical Indicators

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

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 7 / 4 / 8

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 71.95 | Buy |
| EMA (10) | 74.09 | Buy |
| SMA (20) | 64.25 | Buy |
| EMA (20) | 72.65 | Buy |
| SMA (50) | 89.1 | Sell |
| EMA (50) | 87.83 | Sell |
| SMA (100) | 116.84 | Sell |
| EMA (100) | 113.82 | Sell |
| SMA (200) | 176.91 | Sell |
| EMA (200) | 134.31 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.54 | Neutral |
| MACD (12,26,9) | -1.79 | Buy |
| Stochastic (14,3,3) | 93.32 | Sell |
| ADX (14) | 35.83 | Buy |
| Williams %R (14) | -20.05 | Neutral |
| ATR (14) | 4.66 | High Volatility |
| ROC (12) | 61.81 | Buy |
| Stoch RSI (14) | 88.12 | Sell |
| UO (7,14,28) | 69.77 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Newspaper publication of 41st AGM notice; AGM on September 30, 2026, published September 8, 2026. | [Copy of Newspaper Publication 8 Sep - Newspaper publication of 41st AGM notice; AGM on September 30, 2026, published September 8, 2026.](https://nsearchives.nseindia.com/corporate/POLYSIL_08092026123413_Newspaper.pdf) |
| 7 Sep - Polysil issued 41st AGM notice for September 30, 2026, with audited FY2025-26 adoption and director reappointment. | [Shareholders meeting 7 Sep - Polysil issued 41st AGM notice for September 30, 2026, with audited FY2025-26 adoption and director reappointment.](https://nsearchives.nseindia.com/corporate/POLYSIL_07092026170346_Polysil_Notice_25-26.pdf) |
| 7 Sep - 41st AGM on September 30, 2026; shareholders to adopt FY2025-26 accounts and reappoint Prafulbhai Radadia. | [Record Date 7 Sep - 41st AGM on September 30, 2026; shareholders to adopt FY2025-26 accounts and reappoint Prafulbhai Radadia.](https://nsearchives.nseindia.com/corporate/POLYSIL_07092026172844_Polysil_Notice.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; demat-only shareholding confirmed. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026; demat-only shareholding confirmed.](https://nsearchives.nseindia.com/corporate/POLYSIL_07042026162100_PolyReg74070426.pdf) |
| 6 January 2026 - Mitulkumar Kiritbhai Suthar appointed Additional Independent Director effective Jan 06, 2026; DIN 11469352; five-year term. | [Updates 6 January 2026 - Mitulkumar Kiritbhai Suthar appointed Additional Independent Director effective Jan 06, 2026; DIN 11469352; five-year term.](https://nsearchives.nseindia.com/corporate/POLYSIL_06012026191232_Reg30_DIN_Intimation_06-01-2026.pdf) |
| 30 May 2026 - Board approved FY26 audited standalone results on May 30, 2026; auditors issued unmodified opinion. | [Outcome of Board Meeting 30 May 2026 - Board approved FY26 audited standalone results on May 30, 2026; auditors issued unmodified opinion.](https://nsearchives.nseindia.com/corporate/POLYSIL_30052026200902_POLYBMOUTCOME300526.pdf) |
| 29 June 2026 - Exchange has sought clarification from Polysil Irrigation Systems Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. … | [Clarification - Financial Results 29 June 2026 - Exchange has sought clarification from Polysil Irrigation Systems Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=POLYSIL&tabIndex=sme) |
| 26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for half-year/year ended Mar 31, 2026. | [Trading Window 26 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for half-year/year ended Mar 31, 2026.](https://nsearchives.nseindia.com/corporate/POLYSIL_26032026113923_Polysil_Closure_of_TW.pdf) |
| 26 June 2026 - Trading window closed from July 1, 2026 until 48 hours after Q1 FY2027 results. | [Trading Window 26 June 2026 - Trading window closed from July 1, 2026 until 48 hours after Q1 FY2027 results.](https://nsearchives.nseindia.com/corporate/POLYSIL_26062026123022_Poly_TWCpdf.pdf) |
| 21 May 2026 - Prafulbhai Damjibhai Radadia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, … | [Disclosure under SEBI Takeover Regulations 21 May 2026 - Prafulbhai Damjibhai Radadia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, …](https://nsearchives.nseindia.com/corporate/team_sandeshc_21042026113905_Praful.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31703_POLYSIL_2025_2026_A_2082256_07092026171512.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28580_POLYSIL_2024_2025_A_1987978_05092025163801.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26158_POLYSIL_2023_2024_07092024173623.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 2026-09-13T19:21:31.024Z.