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Ashish Polyplast

530429 BSE
₹22.30

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P/E
17.70
View as Markdown
MCP
Close 4 Nov 2026 ₹22.30 −13.20 −37.2% 1Y
Start ₹35.50

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
3.79%
Debt to Equity
0.22
EPS (TTM)
₹1.26
Book Value
₹22.26
Market Cap
—
P/E (TTM)
17.70
P/B
1.00
ROE
2.21%
Dividend Yield
0.00%
EBITDA
₹50.00 L
52W High
₹38.00
52W Low
₹20.10

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 98/100

Category scores

Quality
45
Average
Returns, margins, earnings quality 22% weight
Valuation
51
Average
Cheap vs sector & own history 24% weight
Growth
29
Poor
Sales & profit trajectory 9% weight
Financial Health
49
Average
Solvency, leverage, coverage 9% weight
Momentum
18
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

3
  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.40% over past five years.
  • Company has a low return on equity of 2.32% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1261
OscillatorsBearish261
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
33.71
Neutral
MACD (12,26,9)
−1.35
Bearish
SMA (50)
27.90
Bearish
SMA (200)
29.67
Bearish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+3.15%
5Y+3.40%
3Y−2.15%
1Y−6.18%
TTM−4.23%

Net profit

Net profit growth by window
10Y+2.66%
5Y−17.00%
3Y−11.88%
1Y−48.00%
TTM+43.33%

Operating cash flow

Operating cash flow growth by window
10Y−12.87%
5Y−8.41%
3Y−26.49%
1Y−52.46%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.37 pp
5Y+0.07 pp
3Y−0.21 pp
1Y−0.41 pp
TTM−0.11 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹12.22 Cr
Mar 2018₹12.82 Cr
Mar 2019₹13.95 Cr
Mar 2020₹12.73 Cr
Mar 2021₹12.71 Cr
Mar 2022₹16.24 Cr
Mar 2023₹16.03 Cr
Mar 2024₹15.95 Cr
Mar 2025₹16.01 Cr
Mar 2026₹15.02 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹0.17 Cr
Mar 2018₹0.22 Cr
Mar 2019₹0.11 Cr
Mar 2020₹0.15 Cr
Mar 2021₹0.33 Cr
Mar 2022₹0.32 Cr
Mar 2023₹0.19 Cr
Mar 2024₹0.84 Cr
Mar 2025₹0.25 Cr
Mar 2026₹0.13 Cr

Quarterly Results

₹ Cr
530429 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
4.02
4.02
3.92
3.98
4.39
3.49
4.47
3.66
3.74
3.69
3.54
4.05
3.43
Expenses
3.87
3.87
3.8
3.92
4.2
3.26
4.35
3.57
3.62
3.58
3.35
3.94
3.32
Operating Profit
0.15
0.15
0.12
0.06
0.19
0.23
0.12
0.09
0.12
0.11
0.19
0.11
0.11
OPM %
3.73%
3.73%
3.06%
1.51%
4.33%
6.59%
2.68%
2.46%
3.21%
2.98%
5.37%
2.72%
3.21%
Other Income
0.2
0.13
0.4
0.15
0.34
0.26
0
−0.47
0.42
−0.12
0.11
−0.41
0.64
Interest
0.03
0.03
0.02
0.03
0.01
0.01
0.05
0.03
0
0.03
0.04
0.02
0.03
Depreciation
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.07
0.05
0.06
0.07
0.07
0.07
PBT
0.25
0.18
0.43
0.11
0.45
0.41
0
−0.48
0.49
−0.1
0.19
−0.39
0.65
Tax %
16%
16.67%
6.98%
36.36%
26.67%
29.27%
—
−16.67%
20.41%
−40%
21.05%
−10.26%
−6.15%
Net Profit
0.22
0.15
0.4
0.07
0.33
0.29
0.02
−0.4
0.39
−0.07
0.15
−0.34
0.69
EPS (₹)
0.65
0.44
1.18
0.21
0.97
0.85
0.06
−1.18
1.15
−0.21
0.44
−1
2.03

Profit & Loss

₹ Cr
530429 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
10.5
11.01
12.22
12.82
13.95
12.73
12.71
16.24
16.03
15.95
16.01
15.02
14.71
Expenses
10
10.47
11.64
12.27
13.35
12.29
12.27
15.63
15.43
15.32
15.38
14.49
14.19
Operating Profit
0.5
0.54
0.58
0.55
0.6
0.44
0.44
0.61
0.6
0.63
0.63
0.53
0.52
OPM %
4.76%
4.9%
4.75%
4.29%
4.3%
3.46%
3.46%
3.76%
3.74%
3.95%
3.94%
3.53%
3.54%
Other Income
0.05
0
0.03
0.04
−0.07
0.02
0.24
0.21
0.03
0.74
0.13
−0.01
0.22
Interest
0.23
0.19
0.18
0.15
0.12
0.1
0.04
0.11
0.11
0.11
0.09
0.09
0.12
Depreciation
0.17
0.17
0.19
0.19
0.2
0.21
0.21
0.23
0.26
0.28
0.29
0.25
0.27
PBT
0.15
0.18
0.24
0.25
0.21
0.15
0.43
0.48
0.26
0.98
0.38
0.18
0.35
Tax %
20%
44.44%
29.17%
12%
52.38%
0%
23.26%
35.42%
26.92%
14.29%
34.21%
33.33%
—
Net Profit
0.12
0.1
0.17
0.22
0.11
0.15
0.33
0.32
0.19
0.84
0.25
0.13
0.43
EPS (₹)
0.35
0.29
0.5
0.65
0.32
0.44
0.97
0.94
0.56
2.47
0.74
0.38
1.26
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
530429 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
3.4
Reserves
1.21
1.31
0.94
1.16
1.27
1.44
1.76
2.06
2.23
3.08
3.32
3.44
Borrowings
1.73
1.07
1.63
1.51
0.99
0.71
0.39
1.01
1.48
0.31
0.23
1.5
Other Liabilities
1.17
1.76
1.6
1.25
1.19
1.14
1
1.03
0.87
1.43
1.12
1.2
Total Liabilities
7.51
7.54
7.57
7.32
6.85
6.69
6.55
7.5
7.98
8.22
8.07
9.54
Fixed Assets
1.81
1.85
1.83
1.74
2.02
1.95
1.74
2.15
2.62
2.42
2.23
2.72
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
0
0
0
0.34
0.41
0.59
0.94
1.26
1.38
2.07
3.07
3.53
Other Assets
5.7
5.69
5.74
5.24
4.42
4.15
3.87
4.09
3.98
3.73
2.77
3.29
Total Assets
7.51
7.54
7.57
7.32
6.85
6.69
6.55
7.5
7.98
8.22
8.07
9.54

Cash Flow

₹ Cr
530429 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0.17
1.15
−0.2
0.62
1.14
0.72
0.45
0.28
0.73
1.72
0.61
0.29
Investing
−0.05
−0.22
−0.14
−0.4
−0.52
−0.33
−0.12
−0.75
−0.82
−0.05
−0.97
−1.21
Financing
−0.43
−0.85
0.31
−0.3
−0.62
−0.37
−0.3
0.51
0.35
−1.28
−0.16
1.18
Net Cash Flow
−0.31
0.08
−0.02
−0.08
−0.01
0.02
0.03
0.05
0.26
0.39
−0.53
0.25
Free Cash Flow
0.12
0.92
−0.37
0.53
0.66
0.6
0.44
−0.35
0.03
1.82
0.51
−0.45
CFO/OP
36
224
−24
127
200
184
118
69
135
283
113
75

Ratios

530429 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
69.18
59.01
65.71
64.06
53.38
54.76
38.77
34.16
31.88
28.83
23.71
24.3
Inventory Days
110
109
92.14
86.62
68.13
65.29
68.83
60.92
55.55
41.8
35.73
40.52
Days Payable
26.16
45.23
26.33
22.15
18.86
18.61
17.54
11.01
13.1
23.96
13.33
18.84
Cash Conversion Cycle
153
123
132
129
103
101
90.06
84.07
74.33
46.67
46.11
45.99
Working Capital Days
77.87
80.23
60.63
71.75
63.32
64.23
65.48
46.97
38.94
37.3
34.65
8.99
ROCE %
5.9%
6.27%
7.15%
6.64%
6.99%
4.46%
4.32%
6.49%
5.45%
5.18%
5.09%
3.79%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Ashish Polyplast insights

62 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 62.09%
  • Public 32.37%
  • Others 5.54%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Ashish Polyplast

What does Ashish Polyplast Ltd do?
Incorporated in 1994, Ashish Polyplast Ltd is in the business of manufacturing PVC Pipes.
Where is Ashish Polyplast Ltd (ASHISHPO) listed?
Ashish Polyplast Ltd trades under code 530429 on the BSE.
Which sector does Ashish Polyplast Ltd belong to?
Ashish Polyplast Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.
What is the PE ratio of Ashish Polyplast Ltd?
Ashish Polyplast Ltd trades at a PE ratio of 17.70 as of 4 Nov 2026, on earnings per share of ₹1.26, against a book value of ₹22.26 per share.
What is the 52-week high and low of Ashish Polyplast Ltd?
Over the last 52 weeks Ashish Polyplast Ltd has traded between ₹20.1 and ₹38 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Ashish Polyplast Ltd?
Ashish Polyplast Ltd reported a return on equity of 2.21%. Its debt-to-equity ratio is 0.22.

Company Information

Incorporated in 1994, Ashish Polyplast Ltd is in the business of manufacturing PVC Pipes.

Website ashishpolyplast.com
Face Value ₹10

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