SPP Polymer
SPPPOLY NSE
SPP Polymer
IndustrialsNSE: SPPPOLY Industrial Products
Key Fundamentals
SMEPackagingIndustrial ProductsMarket Cap
₹17.32 Cr
Volatility
Moderate
P/E Ratio
-4.2
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
Tapetide Score
Data-driven rating, 0–100. How it works →
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% lower than
3Y
Net Income Growth
-480% higher than
3Y
Cash Flow Change
-257% higher than
3Y
ROE
-46.47% lower than
3Y
ROCE
-42.3% lower than
3Y
EBITDA Margin (Avg.)
-134% lower than
3Y
Quarterly Results
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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
| Particulars | 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% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view SPP Polymer insights
53 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Copy of Newspaper Publication
5 Sep - Newspaper ads published for AGM on 26 September 2026 at 11:00 a.m. via VC. 5 Sep - Newspaper ads published for AGM on 26 September 2026 at 11:00 a.m. via VC.
2
Shareholders meeting
4 Sep - SPP Polymer issued FY26 annual report and AGM notice for 26 September 2026; FY26 net loss ₹416.26 lakh. 4 Sep - SPP Polymer issued FY26 annual report and AGM notice for 26 September 2026; FY26 net loss ₹416.26 lakh.
3
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.
4
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.
5
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.
Frequently Asked Questions about SPP Polymer
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 trades as SPPPOLY on the NSE.
Which sector does SPP Polymer Ltd belong to?
SPP Polymer Ltd is classified under the Industrials sector, in the Industrial Products industry.
What is the market capitalisation of SPP Polymer Ltd?
SPP Polymer Ltd has a market capitalisation of ₹17.32 Cr, which places it in the Small Cap band.
What is the PE ratio of SPP Polymer Ltd?
SPP Polymer Ltd trades at a PE ratio of -4.20, against a book value of ₹29.98 per share.
What is the 52-week high and low of SPP Polymer Ltd?
Over the last 52 weeks SPP Polymer Ltd has traded between ₹10.3 and ₹18.15.
Does SPP Polymer Ltd pay dividends?
SPP Polymer Ltd has a dividend yield of 4.44%.
What is the Return on Equity (ROE) of SPP Polymer Ltd?
SPP Polymer Ltd reported a return on equity of 2.20%. Its debt-to-equity ratio is 0.28.
Company Information
Incorporated in 2004, SPP Polymers Ltd manufactures woven and non-woven fabrics and bags[1]
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