---
title: "Bai-Kakaji Polymers Ltd (544670) — Share Price, Financials & Analysis"
symbol: "544670"
company: "Bai-Kakaji Polymers Ltd"
canonical: "https://tapetide.com/stocks/544670"
isin: "INE1IJQ01026"
nse_symbol: "BAIKAKAJIPOLYMERSLTD"
bse_code: "544670"
sector: "Consumer Goods"
industry: "Plastic Products"
market_cap_cr: 588.77
generated_at: "2026-09-13T18:59:07.539Z"
---

# Bai-Kakaji Polymers Ltd (544670)

Canonical page: https://tapetide.com/stocks/544670

## Company

- **NSE Symbol:** BAIKAKAJIPOLYMERSLTD
- **BSE Code:** 544670
- **ISIN:** INE1IJQ01026
- **Sector:** Consumer Goods
- **Industry:** Plastic Products
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-31
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** baikakajipolymers.com

## About

Bai Kakaji Polymers is an Indian company engaged in the manufacturing and trading of a wide range of plastic and polymer-based products.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:33:43.460397Z.

- **Market Cap:** ₹588.77 Cr
- **Classification:** SME
- **P/E (reported):** 23
- **Book Value:** ₹82.09
- **Price to Book:** 3.53
- **Dividend Yield:** 0%
- **ROE:** 15.35%
- **ROCE:** 23.58%
- **Debt to Equity:** 0.18
- **Revenue (yearly):** ₹374.8 Cr
- **Net Income:** ₹27 Cr
- **EBITDA:** ₹58.9 Cr
- **52-Week High:** ₹328.9
- **52-Week Low:** ₹143.1
- **RSI (14):** 61.23

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 382.38% | — | 338.81% |
| ebitda margin growth | 382.35% | 30.81% | 72.08% | 71.19% |
| net income growth | 590.91% | 48.35% | 74% | 519.27% |
| revenue growth | 102.51% | 13.13% | 9% | 12.6% |
| roce | — | -43.17% | 16.65% | 36.07% |
| roe | — | -54.76% | 25.59% | 112.69% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2026 |
| --- | --- |
| Sales | 192 |
| Expenses | 168 |
| Operating Profit | 24 |
| OPM % | 12 |
| Other Income | 6 |
| Interest | 3 |
| Depreciation | 9 |
| Profit before tax | 17 |
| Tax % | 22 |
| Net Profit | 13 |
| EPS in Rs | 6.22 |

### Profit & Loss

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 193 | 273 | 294 | 325 | 353 |
| Expenses | 180 | 258 | 273 | 291 | 305 |
| Operating Profit | 13 | 14 | 21 | 34 | 48 |
| OPM % | 7 | 5 | 7 | 10 | 14 |
| Other Income | 2 | 2 | 2 | 6 | 12 |
| Interest | 3 | 4 | 4 | 5 | 8 |
| Depreciation | 7 | 7 | 7 | 8 | 18 |
| Profit before tax | 5 | 6 | 11 | 26 | 35 |
| Tax % | 19 | 27 | 18 | 30 | 25 |
| Net Profit | 4 | 4 | 9 | 18 | 26 |
| EPS in Rs | 182.67 | 185.78 | 416.89 | 80.76 | 12.3 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 2 | 2 | 2 | 21 |
| Reserves | 20 | 24 | 33 | 51 | 154 |
| Borrowings | 47 | 46 | 41 | 109 | 32 |
| Other Liabilities | 10 | 20 | 22 | 39 | 28 |
| Total Liabilities | 79 | 92 | 98 | 202 | 235 |
| Fixed Assets | 38 | 36 | 46 | 103 | 112 |
| CWIP | 0 | 1 | 0 | 0 | 6 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 41 | 54 | 52 | 99 | 116 |
| Total Assets | 79 | 92 | 98 | 202 | 235 |

### Cash Flow

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

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 7 | 13 | 21 | -10 | 29 |
| Cash from Investing Activity | -13 | -8 | -13 | -63 | -41 |
| Cash from Financing Activity | 5 | -5 | -8 | 74 | 11 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | 6 | 5 | -76 | -10 |
| CFO/OP | 63 | 97 | 109 | -12 | 71 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 29 | 29 | 24 | 34 | 32 |
| Inventory Days | 35 | 30 | 35 | 59 | 63 |
| Days Payable | 9 | 10 | 12 | 19 | 22 |
| Cash Conversion Cycle | 55 | 49 | 48 | 74 | 73 |
| Working Capital Days | -30 | -24 | -8 | -46 | 42 |
| ROCE % | — | 13 | 21 | 26 | 21 |

## Shareholding Pattern

### Quarterly

| Category | Jun 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 100% | 73.58% | 74.07% |
| FIIs | 0% | 2.77% | 2.42% |
| DIIs | 0% | 11.09% | 7.76% |
| Government | 0% | 0% | 0% |
| Public | 0% | 10.62% | 9.32% |
| Others | 0% | 1.94% | 6.42% |
| No. of Shareholders | 8 | 8 | 522 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 8 / 1

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 297.82 | Buy |
| EMA (10) | 289.32 | Buy |
| SMA (20) | 276.06 | Buy |
| EMA (20) | 277.32 | Buy |
| SMA (50) | 237.33 | Buy |
| EMA (50) | 248.08 | Buy |
| SMA (100) | 210.08 | Buy |
| EMA (100) | 225.17 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 63.45 | Neutral |
| MACD (12,26,9) | 16.97 | Sell |
| Stochastic (14,3,3) | 56.14 | Neutral |
| ADX (14) | 34.8 | Buy |
| Williams %R (14) | -34.41 | Neutral |
| ATR (14) | 18.73 | High Volatility |
| ROC (12) | 18.49 | Buy |
| Stoch RSI (14) | 30.71 | Neutral |
| UO (7,14,28) | 52.07 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 May - Promoters filed FY2025-26 Regulation 31(4) disclosure; no encumbrance was created, invoked, or released on shares. | [Disclosure Under Regulation 31(4) Of SEBI (SAST) Regulations 2011 8 May - Promoters filed FY2025-26 Regulation 31(4) disclosure; no encumbrance was created, invoked, or released on shares.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/33435335-6ae4-4940-9b3f-ae92281317f6.pdf) |
| 6 Feb - Bai-Kakaji incorporates 100% subsidiary Mundada Polymers Pvt Ltd on Feb 05, 2026; share capital Rs10,00,000. | [Announcement under Regulation 30 (LODR)-Acquisition 6 Feb - Bai-Kakaji incorporates 100% subsidiary Mundada Polymers Pvt Ltd on Feb 05, 2026; share capital Rs10,00,000.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e9c9c7f5-254f-4688-a4ac-38e4d968b194.pdf) |
| 5 March 2026 - Exchange has sought clarification from Shradha Realty Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Clarification - Financial Results 5 March 2026 - Exchange has sought clarification from Shradha Realty Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://www.nseindia.com/get-quotes/equity?symbol=SHRADHA) |
| 28 Mar - Trading window closed from 1 Apr 2026 until 48 hours after audited results declaration. | [Closure of Trading Window 28 Mar - Trading window closed from 1 Apr 2026 until 48 hours after audited results declaration.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fc25c6ee-83f5-44cf-b5ad-ae22fcd3433c.pdf) |
| 27 Jan - Certificate under Reg 74(5) for quarter ended 31-Dec-2025 (ISIN INE1IJQ01026). | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 27 Jan - Certificate under Reg 74(5) for quarter ended 31-Dec-2025 (ISIN INE1IJQ01026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d8e94739-d92a-48af-b6fe-4ad3333ffdda.pdf) |
| 27 Jan - Board approved WOS Mundada Polymers Pvt Ltd; authorized capital Rs10,00,000; takeover of proprietor firm. | [Announcement under Regulation 30 (LODR)-Acquisition 27 Jan - Board approved WOS Mundada Polymers Pvt Ltd; authorized capital Rs10,00,000; takeover of proprietor firm.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0a049ff-e5b6-4ce0-95ca-3473da6efc5a.pdf) |
| 27 Jan - Appointed M/s DSV & Associates as Secretarial Auditor for five-year term Apr 1, 2025–Mar 31, 2030. | [Announcement Under Regulation 30 (LODR) - Appointment Of Secretarial Auditor 27 Jan - Appointed M/s DSV & Associates as Secretarial Auditor for five-year term Apr 1, 2025–Mar 31, 2030.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/67ad3aa8-9f17-4034-9ed4-3db95c096ecf.pdf) |
| 23 February 2026 - Shradha Infraprojects Limited renamed to Shradha Realty Limited, effective February 27, 2026. | [Name Change 23 February 2026 - Shradha Infraprojects Limited renamed to Shradha Realty Limited, effective February 27, 2026.](https://nsearchives.nseindia.com/corporate/cdaga_23022026185755_CML72949.pdf) |
| 21 February 2026 - Shradha Realty published postal ballot notice in Indian Express and Loksatta on 21-Feb-2026. | [Copy of Newspaper Publication 21 February 2026 - Shradha Realty published postal ballot notice in Indian Express and Loksatta on 21-Feb-2026.](https://nsearchives.nseindia.com/corporate/SHRADHA_21022026145032_Postal_Ballot_newspaperpublication.pdf) |
| 17 February 2026 - Approval sought to raise loan limit to subsidiary Suntech Infraestate Nagpur Pvt Ltd to Rs.150 Crore through FY2027-28. | [Shareholders meeting 17 February 2026 - Approval sought to raise loan limit to subsidiary Suntech Infraestate Nagpur Pvt Ltd to Rs.150 Crore through FY2027-28.](https://nsearchives.nseindia.com/corporate/SHRADHA_17022026164646_IntimationofPostalBallot.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d3c5d855-60e2-4f32-b57a-eb2a27e9023f.pdf) |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dc909944-65bb-4915-a3eb-42e01970c366.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=965981a2-e1dc-4c92-855d-961b9a0a289d.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3bd98fd7-7ea7-4d84-9221-0c172720588a.pdf) |
| 2026-09-05 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3b19e170-bea5-4eed-b536-150b18f5a3e1.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=64cc64d2-7c9d-4259-be63-e62b7920f183.pdf) |
| 2026-08-21 | [Announcement Under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e99c4734-479c-4b7d-a65e-dd8390a31711.pdf) |
| 2026-08-19 | [Notice Of The 13Th Annual General Meeting Of The Company For Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97aeca97-f42e-4350-a3ff-e755e6da821d.pdf) |
| 2026-08-19 | [Letter To Shareholders (Non-Email Cases) Providing The Weblink To Access The Annual Report 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c954731f-8b61-4a07-87f1-4a9b0fe219a1.pdf) |
| 2026-08-19 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e838399-7587-4bd6-b3f5-bd99e3d81997.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-06-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5196c4df-9349-4c28-81ea-b98850f6f552.pdf) |
| 2026-01-12 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=714027b4-0f3a-4041-9880-fe8c15fa8697.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b184fa0c-32b0-4ce9-891d-37380b83c2f3.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b184fa0c-32b0-4ce9-891d-37380b83c2f3.pdf) |
| Jun 2026 | [Concall - Jun 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b628c7bd-72b2-4e78-813b-64a54a0874ec.pdf) |
| Jan 2026 | [Concall - Jan 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/714027b4-0f3a-4041-9880-fe8c15fa8697.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/AR_26994_SHRADHA_2024_2025_A_17072025182751.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/AR_24320_SHRADHA_2023_2024_050720241678.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/AR_22120_SHRADHA_2022_2023_30062023192309.zip) |
| from nse | [Financial Year 2022 from nse](https://archives.nseindia.com/annual_reports/AR_21104_SHRADHA_2021_2022_02092022173556.zip) |
| from nse | [Financial Year 2021 from nse](https://archives.nseindia.com/annual_reports/AR_19361_SHRADHA_2020_2021_04092021173056.zip) |

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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 2026-09-13T18:59:07.539Z.