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ASHISH POLYPLAST LTD.

Capital Goods › Industrial Products
₹24.80
at close · 28 Oct 2026
▲ 0.00 (+0.00%)

Latest filings

  1. Q2 and H1 profits improve as operating cash flow turns negative · Results
  2. Q2 FY27 turns profitable year on year, but operating cash flow turns negative · Results
  3. Board meeting on 27 Oct 2026 to consider Q2 and H1 FY26-27 results · Results
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures PVC pipes and hoses from its base in Ahmedabad, Gujarat. Revenue in FY26 was Rs. 15.02 crore, down 6.2% from Rs. 1,601.44 lakhs in FY25, with net profit falling 47% to Rs. 0.13 crore. The cost structure is dominated by raw materials at 82.6% of revenue, while employee costs are 4.3% and other operating expenses 7.1%. The business is small-scale with total assets of Rs. 9.54 crore at FY26 end and a debt-to-equity ratio of 0.22. For the first nine months of FY26, revenue of Rs. 1,097.12 lakhs was about 11% below the prior year period, reflecting weakness in PVC product sales. Capex of Rs. 0.74 crore in FY26 (4.9% of revenue) was directed at maintaining the manufacturing base. The Q4 FY26 quarter slipped to a loss of Rs. 34.07 lakhs, largely due to Rs. 43.36 lakhs in mark-to-market losses on mutual fund holdings.

Operating scale
Revenue FY26
Rs. 15.02 croreFY26
Total assets
Rs. 9.54 croreFY26
Raw materials share of revenue
82.6%FY26
Capex
Rs. 0.74 croreFY26
Manufacturing location
Ahmedabad, Gujarat
Who pays it
Buyers of PVC pipes and hoses, with sales rebound cited in Q3 FY26
Biggest cost
Raw materials at 82.6% of revenue (Rs. 12.41 crore in FY26)
Kind of business
Small, materials-heavy PVC products manufacturer
Where it sits
Small-cap BSE-listed (scrip 530429) PVC pipe and hose maker based in Ahmedabad
Market Cap
₹8 Cr
P / E (TTM)
63.6×
EV / EBITDA
17.9×
Div Yield
—
Growth
3.4%▲
Revenue 5y CAGR
PAT -17.0% · EBITDA -4.9%
Quality
6.6%·
ROCE (5y median)
ROE 3.7% (5y median) · margin 3.5%
Leverage
0.22·
Debt / Equity · low
Net debt ₹1.02 Cr
Revenue FY21→FY26
1.2×▲
Margin −1.7 pts
₹13 Cr → ₹15 Cr
Cash conversion
2.10×▲
Operating cash ÷ profit · 5 yrs
₹4 Cr on ₹2 Cr
Moves on a normal day
2.90%·
Median daily move
Last 260 sessions · the yardstick for filing-day moves
Where it sits among 58 Plastic Products - Industrial peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#45/46
P/B#14/42
ROCE#37/56
ROE#32/45
Debt / Equity#26/45
EBITDA margin#40/43
Revenue growth#25/49
Profit growth#28/47

Scorecard

Measured from the filed financials, judged against its Plastic Products - Industrial peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹1.74 Cr of profit and ₹3.64 Cr of operating cash — 2.10×
Profit is converting into cash
Concerns
Slow revenue growth — 3% a year over 5 years
Profit shrinking over 5 years (−17% a year)
Erratic profits — up in only 1 of the last 5 years
Returns on capital 6.6% (5-year median)
#37 of 56 in Plastic Products - Industrial on the latest reported figures · down from 8.7% in FY21

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ASHISH POLYPLAST LTD.'s filed financials and exchange disclosures

What does ASHISH POLYPLAST LTD. do?

ASHISH POLYPLAST LTD. is a Industrial Products company listed on BSE.

Is ASHISH POLYPLAST LTD. profitable?

Yes. Over the trailing twelve months ASHISH POLYPLAST LTD. reported a net profit of ₹0.13 Cr on revenue of ₹15 Cr.

Does ASHISH POLYPLAST LTD. pay a dividend?

Not in the latest reported year — ASHISH POLYPLAST LTD.'s dividend payout for FY26 was nil.

Is ASHISH POLYPLAST LTD. debt-free?

No. It reported borrowings of ₹1.50 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹1.02 Cr after cash. Debt stands at 0.22× equity. That is higher than 57% of its 45 Plastic Products - Industrial peers.

Is ASHISH POLYPLAST LTD. expensive compared with its peers?

On trailing P/E, ASHISH POLYPLAST LTD. ranks 45 of 46 in Plastic Products - Industrial — cheaper than 2% of them, against an industry median of 14.4×. This is a position, not a valuation judgement.

How much does the ASHISH POLYPLAST LTD. share price move in a day?

On a typical session ASHISH POLYPLAST LTD. moves 2.90% — that is the median absolute close-to-close move across its last 260 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ASHISH POLYPLAST LTD.'s announcements?

Every NSE and BSE filing by ASHISH POLYPLAST LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.