SPP Polymer Ltd
SPPPOLY NSE
SPP Polymer Ltd
Industrial ProductsNSE: SPPPOLY Packaging
Key Fundamentals
SMEPackagingIndustrial ProductsMarket Cap
₹18.08 Cr
Volatility
Moderate
P/E Ratio
-4.3
EBITDA
₹-2.60 Cr
Return on Equity
2.2%
Debt to Equity
0.28
Book Value
₹29.98
52W High
₹18.15
52W Low
₹10.3
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY20–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Stock is trading at 0.39 times its book value
Weaknesses
3- Company has low interest coverage ratio.
- Company has a low return on equity of -1.83% over last 3 years.
- Debtor days have increased from 62.1 to 75.0 days.
Growth Rate
Revenue Growth
1.63% ↘
Net Income Growth
-480.00% ↘
Cash Flow Change
-256.53% ↘
ROE
-46.47% ↘
ROCE
-42.30% ↘
EBITDA Margin (Avg.)
-134.13% ↘
Quarterly Results
| Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 51 | 54 | 54 | 54 | 57 |
| Expenses | 48 | 50 | 51 | 54 | 60 |
| Operating Profit | 3 | 4 | 2 | 0 | -3 |
| OPM % | 6% | 7% | 3.8% | 0.2% | -4.8% |
| Other Income | 2 | 1 | 1 | 1 | 2 |
| Interest | 1 | 1 | 0 | 0 | 1 |
| Depreciation | 2 | 2 | 2 | 2 | 2 |
| PBT | 2 | 2 | 0 | -1 | -3 |
| Tax % | 0% | 32% | 76% | 0% | -1% |
| Net Profit | 2 | 1 | 0 | -1 | -3 |
| EPS in Rs | 1.49 | 0.75 | 0.04 | -0.62 | -2.08 |
Profit & Loss
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 59 | 66 | 80 | 66 | 92 | 108 | 111 |
| Expenses | 56 | 63 | 79 | 63 | 86 | 102 | 113 |
| Operating Profit | 2 | 2 | 2 | 3 | 6 | 6 | -3 |
| OPM % | 3.7% | 3.6% | 1.9% | 4% | 7% | 6% | -2.4% |
| Other Income | 0 | 0 | 0 | 1 | 2 | 1 | 3 |
| Interest | 1 | 1 | 1 | 1 | 3 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 4 | 4 | 3 |
| PBT | 1 | 1 | 0 | 1 | 1 | 2 | -4 |
| Tax % | 31% | 17% | 32% | 47% | 27% | 43% | 0% |
| Net Profit | 1 | 1 | 0 | 1 | 1 | 1 | -4 |
| EPS in Rs | — | — | — | 1.92 | 0.93 | 0.73 | -2.7 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 68% | 0% |
Balance Sheet
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 11 | 15 | 15 |
| Reserves | 11 | 12 | 17 | 22 | 14 | 36 | 31 |
| Borrowings | 8 | 5 | 13 | 22 | 19 | 8 | 13 |
| Other Liabilities | 4 | 4 | 6 | 8 | 27 | 22 | 23 |
| Total Liabilities | 25 | 22 | 38 | 54 | 71 | 81 | 82 |
| Fixed Assets | 6 | 6 | 7 | 27 | 24 | 23 | 20 |
| CWIP | 0 | 0 | 4 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 19 | 16 | 27 | 27 | 46 | 57 | 61 |
| Total Assets | 25 | 22 | 38 | 54 | 71 | 81 | 82 |
Cash Flow
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Operating | — | 4 | -6 | 4 | 6 | -10 | 2 |
| Investing | — | 0 | -6 | -17 | -2 | -5 | 0 |
| Financing | — | -4 | 13 | 12 | -5 | 15 | -2 |
| Net Cash Flow | — | 0 | 0 | 0 | -1 | 0 | 0 |
| Free Cash Flow | — | 4 | -13 | -14 | 5 | -12 | 1 |
| CFO/OP | — | 200 | -397 | 149 | 105 | -158 | -95 |
Ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 54 | 46 | 43 | 56 | 55 | 75 |
| Inventory Days | 64 | 29 | 53 | 71 | 129 | 133 | 118 |
| Days Payable | 16 | 12 | 24 | 41 | 124 | 86 | 81 |
| Cash Conversion Cycle | 93 | 70 | 76 | 73 | 61 | 102 | 112 |
| Working Capital Days | 31 | 35 | 29 | 34 | 30 | 81 | 73 |
| ROCE % | — | 9% | 4% | 5% | 9% | 7% | -6% |
Documents
1
Outcome of Board Meeting
23 Jul - Board met July 23, 2026; approved reappointments, internal auditor appointment, and office shift to Dehradun. 23 Jul - Board met July 23, 2026; approved reappointments, internal auditor appointment, and office shift to Dehradun.
2
Reply to Clarification- Financial results
21 Jul - SPP Polymer replied to NSE observations, corrected financial results, and reiterated FY25 audited numbers and final dividend recommendation. 21 Jul - SPP Polymer replied to NSE observations, corrected financial results, and reiterated FY25 audited numbers and final dividend recommendation.
3
Certificate under SEBI (Depositories and Participants) Regulations, 2018
15 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026. 15 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.
4
Disclosure under SEBI Takeover Regulations
7 Jul - 08-Apr-2026 disclosure: promoters confirm no new encumbrances during FY2026. 7 Jul - 08-Apr-2026 disclosure: promoters confirm no new encumbrances during FY2026.
5
Reply to Clarification- Financial results
2 Jun - SPP Polymer replied to NSE observations and filed revised audited FY26 results; revenue Rs 113.41 Cr, loss Rs 4.16 Cr. 2 Jun - SPP Polymer replied to NSE observations and filed revised audited FY26 results; revenue Rs 113.41 Cr, loss Rs 4.16 Cr.
Frequently Asked Questions about SPP Polymer Ltd
What does SPP Polymer Ltd do?
Incorporated in 2004, SPP Polymers Ltd manufactures woven and non-woven fabrics and bags[1]
Where is SPP Polymer Ltd (SPPPOLY) listed?
SPP Polymer Ltd is listed on the Indian stock exchanges. It is listed on NSE: SPPPOLY. You can view its live share price, financials, and ratios on Tapetide.
Which sector does SPP Polymer Ltd belong to?
SPP Polymer Ltd operates in the Industrial Products sector within the Packaging industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of SPP Polymer Ltd?
SPP Polymer Ltd has a market capitalisation of approximately ₹18.08 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of SPP Polymer Ltd?
The Price-to-Earnings (PE) ratio of SPP Polymer Ltd is -4.30. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of SPP Polymer Ltd?
Over the past 52 weeks, SPP Polymer Ltd has traded between a low of ₹10.3 and a high of ₹18.15. This range helps investors understand the stock's price volatility and recent trading levels.
Does SPP Polymer Ltd pay dividends?
Yes, SPP Polymer Ltd has a dividend yield of 4.26%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of SPP Polymer Ltd?
SPP Polymer Ltd has a Return on Equity (ROE) of 2.20%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research SPP Polymer Ltd on Tapetide?
On Tapetide, you can view SPP Polymer Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 2004, SPP Polymers Ltd manufactures woven and non-woven fabrics and bags[1]