Solve Plastic Products

Industrial Products

BALCO NSE

NSE: BALCO Plastic Products - Industrial

₹16.65 No trade today

P/E: 5.37

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MCP

Close 3 Nov 2026 ₹16.65 −9.95 −37.4% 1Y

Start ₹26.60

Key Fundamentals

SMEIndustrial ProductsCapital Goods

Price-based figures as of 04 Nov 2026, 15:31 IST · TTM

ROCE: 7.89%
Debt to Equity: 1.09
EPS (TTM): ₹3.10
Book Value: ₹23.84

Market Cap: —
P/E (TTM): 5.37
P/B: 0.70
ROE: 4.31%
Dividend Yield: 0.00%
EBITDA: ₹2.60 Cr
52W High: ₹28.25
52W Low: ₹13.40
Volume: 0

Peer Comparison

Industrials › Industrial Products › Plastic Products - Industrial

Solve Plastic Products peer comparison

Supreme Industries	₹3,353.50	41.26	₹42,083 Cr	6.66	0.36%	15.80%	20.70%	₹11,326 Cr	₹1,033 Cr
Astral	₹1,423.70	66.43	₹37,224 Cr	9.43	0.29%	13.80%	19.20%	₹6,785 Cr	₹576 Cr
Garware Hi-Tech Films	₹7,544.50	45.19	₹17,078 Cr	6.03	0.16%	13.50%	18.10%	₹2,258 Cr	₹388 Cr
Kingfa Science & Technology	₹6,816.50	40.93	₹9,153 Cr	6.60	0.30%	17.40%	23.20%	₹2,222 Cr	₹225 Cr
Finolex Industries	₹143.95	14.51	₹8,730 Cr	1.18	1.99%	8.57%	11.80%	₹3,954 Cr	₹616 Cr
Time Technoplast	₹171.42	16.94	₹8,407 Cr	2.07	0.90%	13.10%	16.50%	₹6,445 Cr	₹498 Cr
Prince Pipes & Fittings	₹297.75	32.26	₹3,136 Cr	2.00	0.36%	4.60%	6.03%	₹2,627 Cr	₹103 Cr
Solve Plastic Products (this company)	₹16.65	5.37	₹7 Cr	0.70	0.00%	4.31%	7.89%	₹23 Cr	₹1 Cr
Median 8 companies	₹860.73	36.60	₹8,942 Cr	4.05	0.33%	13.30%	17.30%	₹3,291 Cr	₹443 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of 4 Sep 2026. How it works →

Overall score

49 Average

Data confidence 100/100

Category scores

Quality: 37; Poor; Returns, margins, earnings quality 22% weight
Valuation: 67; Strong; Cheap vs sector & own history 24% weight
Growth: 52; Average; Sales & profit trajectory 9% weight
Financial Health: 26; Poor; Solvency, leverage, coverage 9% weight
Momentum: 48; Average; 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

Strengths

Stock is trading at 0.80 times its book value

Weaknesses

Company has low interest coverage ratio.
The company has delivered a poor sales growth of 1.92% over past five years.
Company has a low return on equity of -14.3% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
Group	Signal	Bearish	Neutral	Bullish
Overall	Strong Bearish	12	5	2
Oscillators	Neutral	2	5	2
Moving Averages	Strong Bearish	10	0	0

Oscillators

Neutral

Bearish

Neutral

Bullish

Overall

Strong Bearish

Bearish

Neutral

Bullish

Moving Averages

Strong Bearish

Bearish

Neutral

Bullish

Key readings

RSI (14): 40.87; Neutral
MACD (12,26,9): −0.73; Bearish
SMA (50): 18.97; Bearish
SMA (200): 23.28; Bearish

As of 3 Nov 2026

Growth Rate

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

Revenue

Revenue growth by window
5Y	+1.92%
3Y	−8.72%
1Y	+12.02%

Net profit

Net profit growth by window
5Y	Turned to profit
3Y	−28.43%
1Y	Turned to profit

Operating cash flow

Operating cash flow growth by window
5Y	+6.48%
3Y	+14.71%
1Y	Turned positive

Operating margin· change in pp

Operating margin growth by window
5Y	+1.58 pp
3Y	+1.27 pp
1Y	+14.52 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021	₹40.59 Cr
Mar 2022	₹54.59 Cr
Mar 2023	₹58.71 Cr
Mar 2024	₹46.19 Cr
Mar 2025	₹39.86 Cr
Mar 2026	₹44.65 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021	−₹0.15 Cr
Mar 2022	−₹0.41 Cr
Mar 2023	₹1.20 Cr
Mar 2024	₹1.42 Cr
Mar 2025	−₹4.79 Cr
Mar 2026	₹0.44 Cr

Half-yearly Results

₹ Cr

BALCO half-yearly results, ₹ crore
Particulars	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
Sales	23.58	22.61	20.08	21.38	21.83	23.76
Expenses	22.65	20.78	20.94	24.46	20.6	22.93
Operating Profit	0.93	1.83	−0.86	−3.08	1.23	0.83
OPM %	3.94%	8.09%	−4.28%	−14.41%	5.63%	3.49%
Other Income	0.49	0.48	0.2	0.17	0.42	0.11
Interest	0.77	0.74	0.64	0.35	0.53	0.51
Depreciation	0.36	0.41	0.45	0.5	0.47	0.49
PBT	0.29	1.16	−1.75	−3.76	0.65	−0.06
Tax %	−62.07%	17.24%	11.43%	−24.47%	36.92%	−133.33%
Net Profit	0.47	0.96	−1.95	−2.84	0.42	0.02
EPS (₹)	1.53	3.13	−4.46	−6.5	0.96	0.05

Profit & Loss

₹ Cr

BALCO profit and loss, annual, ₹ crore
Particulars	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	40.59	54.59	58.71	46.19	39.86	44.65
Expenses	39.36	53.5	56.75	43.43	43.81	42.59
Operating Profit	1.23	1.09	1.96	2.76	−3.95	2.06
OPM %	3.03%	2%	3.34%	5.98%	−9.91%	4.61%
Other Income	0.66	0.71	1.48	0.97	0.38	0.54
Interest	1.67	1.43	1.38	1.51	0.99	1.05
Depreciation	1.18	0.9	0.83	0.77	0.95	0.96
PBT	−0.96	−0.53	1.23	1.45	−5.51	0.59
Tax %	−84.38%	−22.64%	2.44%	1.38%	−13.25%	27.12%
Net Profit	−0.15	−0.41	1.2	1.42	−4.79	0.44
EPS (₹)	−0.49	−1.35	3.95	4.63	−10.97	1.01
Div. Payout %	0%	0%	0%	0%	0%	0%

Balance Sheet

₹ Cr

BALCO balance sheet, annual, ₹ crore
Particulars	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.04	3.04	3.04	3.07	4.37	4.37
Reserves	−1.9	−2.31	−1.11	1.32	5.61	6.05
Borrowings	15.44	12.3	12.22	12.41	9.86	11.33
Other Liabilities	4.76	5.2	4.6	5.32	4.49	7.71
Total Liabilities	21.34	18.23	18.75	22.12	24.33	29.46
Fixed Assets	5.52	5.28	5.14	5.26	5.96	5.73
CWIP	0	0	0	0.89	0.11	3.08
Investments	0	0	0	0	0	0
Other Assets	15.82	12.95	13.61	15.97	18.26	20.65
Total Assets	21.34	18.23	18.75	22.12	24.33	29.46

Cash Flow

₹ Cr

BALCO cash flow, annual, ₹ crore
Particulars	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	2.36	5.3	2.14	1.86	−3.08	3.23
Investing	−0.11	−0.73	−0.68	−1.75	−0.84	−3.66
Financing	−2.25	−4.57	−1.46	−0.11	6.88	0.45
Net Cash Flow	0	0	−0.01	0	2.96	0.02
Free Cash Flow	2.22	4.56	1.49	0.1	−3.94	−0.47
CFO/OP	192	486	109	67	78	157

Ratios

BALCO financial ratios, annual
Particulars	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	45.14	29.95	25.61	39.91	40.47	35.56
Inventory Days	80.09	51.82	54.86	91.52	72.47	107
Days Payable	20.83	25.91	10.58	30.51	18.15	67.61
Cash Conversion Cycle	104	55.86	69.9	101	94.8	75.09
Working Capital Days	1.44	−13.31	−7.21	3.63	20.33	−7.36
ROCE %	—	6.08%	18.84%	19.13%	−24.67%	7.89%

Insights

Beta

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

51 extracted metrics across FY21–FY26.

Shareholding Pattern

As of Sep 2026

Promoters 63.35%
Public 32.22%
Others 4.42%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Solve Plastic Products

What does Solve Plastic Products Ltd do?

Incorporated in 1994, Solve Plastic Products Ltd manufactures Unplasticized Polyvinyl Chloride Pipes and Rigid PVC Electrical Conduits

Where is Solve Plastic Products Ltd (BALCO) listed?

Solve Plastic Products Ltd trades as BALCO on the NSE.

Which sector does Solve Plastic Products Ltd belong to?

Solve Plastic Products Ltd is classified under the Industrial Products sector, in the Plastic Products - Industrial industry.

What is the PE ratio of Solve Plastic Products Ltd?

Solve Plastic Products Ltd trades at a PE ratio of 5.37 as of 4 Nov 2026, on earnings per share of ₹3.1, against a book value of ₹23.84 per share.

What is the 52-week high and low of Solve Plastic Products Ltd?

Over the last 52 weeks Solve Plastic Products Ltd has traded between ₹13.4 and ₹28.25 as of 4 Nov 2026.

What is the Return on Equity (ROE) of Solve Plastic Products Ltd?

Solve Plastic Products Ltd reported a return on equity of 4.31%. Its debt-to-equity ratio is 1.09.

For AI agents and developers

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Solve Plastic Products

Key Fundamentals

Peer Comparison

Overall score

Category scores

Key Insights

Strengths

Weaknesses

Technical Indicators

Oscillators

Overall

Moving Averages

Key readings

Growth Rate

Revenue

Net profit

Operating cash flow

Operating margin· change in pp

Revenue by year

Net profit by year

Half-yearly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Insights

Shareholding Pattern

Documents

Frequently Asked Questions about Solve Plastic Products

Company Information

For AI agents and developers

Explore More