As of 6 Nov 2026, Polson trades at 25.1× trailing earnings, above the industry P/E of 22.1×, and the shares are 14% below their 52-week high. Sales grew 2.8% a year over 3 years while net profit fell 0.6%; its ROCE of 5.9% is the lowest among the 7 largest Specialty Chemicals peers. Debt is 0.30× equity. It is a small-cap company with a market cap of ₹128 Cr, ranked 141st of 204 Specialty Chemicals companies by market cap; the shares fell 14% over the past year.
- ₹10,649.90
- ₹10,710.00
- ₹10,649.90
- ₹10,200.00
- 18
Health check
- ReturnsBehind
−14.1% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 25.1 vs industry 22.1.
- GrowthSlow
Sales +2.8%, profit −0.6% a year over 3 years.
- ProfitabilityWeak
ROCE 5.9% vs peer median 24.4%.
- Balance sheetFair
Debt 0.30× equity, interest covered 3.1×, Piotroski 6 of 9.
- Red flags1 to check
Return on equity is low at 3.7%.
Small cap
Defensive
Key metrics
- Market cap
- ₹128 Cr
- Small cap
- P/E
- 25.1
- Industry 22.1
- Price to book
- 0.98
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 3.7%
- Peers 23.0%
- ROCE
- 5.9%
- Peers 24.4%
- Debt to equity
- 0.30
- Debt ₹40 Cr
- EPS (TTM)
- ₹426.71
- OPM (TTM)
- 16.1%
- Net margin 5.3%
- Sales growth
- +20.3%
- Latest quarter vs a year ago
- Profit growth
- +30.8%
- Latest quarter vs a year ago
- Price to sales
- 1.34
- EV/EBITDA 9.8
Strengths and risks
Strengths
- Quarterly profit up 30.8% on a year ago.
- Quarterly sales up 20.3% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Return on equity is low at 3.7%.
About Polson
Polson Limited manufactures and sells synthetic organic tanning substances in India and internationally. It is also involved in manufacturing and exporting of naturally based vegetable tannin extracts and leather chemicals. The company was incorporated in 1900 and is based in Mumbai, India. Polson Limited is a subsidiary of Aji Commercial Pvt Ltd.
- Headquarters
- Mumbai
- Employees
- 50
- Sector
- Basic Materials
- ISIN
- INE339F01021
- Website
- polsonltd.com
Price range
- Avg volume (3M)
- 8
- 1-year return
- minus 14.1%
- From 52-week high
- minus 13.5%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| POLSONPolson | 10,700.00 | plus 4.90% | 128 | 25.1 | 11.2 | 5.9% | 16.1% | 0.30 | 2.8% | minus 14.1% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 23.6 | 21.6 | 22.1 | 23.9 | 28.3 | |
| 19.8 | 18 | 18.4 | 19.9 | 24.2 | |
| 3.7 | 3.6 | 3.7 | 4.1 | 4.1 | |
| 15.9% | 16.5% | 16.7% | 17.0% | 14.5% | |
| 0.4 | 0.4 | 0.5 | 0.3 | 0.5 | |
| 0.9 | 0.8 | 1 | 0.8 | 0.6 | |
| 1.5 | 1.5 | 1.5 | 1.8 | 1.8 | |
| 1.7 | 1.7 | 1.6 | 1.7 | 2.2 | |
| 26.7% | 26.7% | 25.6% | 37.7% | 26.3% | |
| 1.2 | 1.2 | 1.2 | 1.1 | 1.6 | |
| 102.35 | 101.90 | 101.01 | 89.94 | 133.86 |
Profit & loss
- Sales CAGR 3Y
- +2.8%
- Profit CAGR 3Y
- −0.6%
- EPS CAGR 3Y
- −0.6%
- ROE
- 3.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 83.9 | 96.4 | 93.3 | 91.2 | |
| – | +15.0% | minus 3.2% | minus 2.3% | |
| 68.3 | 79.6 | 78.4 | 76.4 | |
| 15.5 | 16.8 | 14.9 | 14.8 | |
| 18.5% | 17.4% | 16.0% | 16.2% | |
| 0.6 | 0.1 | 0.8 | 1.4 | |
| 5.2 | 3.7 | 3.2 | 3.2 | |
| 5.5 | 5.7 | 6.1 | 6.4 | |
| 1.2 | −0.1 | 0.7 | 0.1 | |
| 6.6 | 7.3 | 7.1 | 6.7 | |
| 27.4% | 29.0% | 26.7% | 29.3% | |
| 4.8 | 5.2 | 5.2 | 4.7 | |
| – | +7.6% | +0.7% | minus 9.3% | |
| 402.46 | 433.09 | 435.91 | 395.20 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.6 | 0.6 | 0.6 | 0.6 | |
| 116 | 121 | 126 | 131 | |
| 49.4 | 38 | 42.9 | 39.5 | |
| 15.3 | 20.6 | 19.2 | 18.8 | |
| 181 | 180 | 189 | 189 | |
| 115 | 119 | 134 | 130 | |
| 1.5 | 2.2 | 13.6 | 13.6 | |
| 1.2 | 1.4 | 0 | 0 | |
| 0.6 | 1 | 1.2 | 1.5 | |
| 62.3 | 56.4 | 40.3 | 44.2 | |
| 181 | 180 | 189 | 189 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.2 | 25.4 | 17.2 | 11.9 | |
| −0.1 | −9.7 | −18.7 | −4.8 | |
| −15.2 | −15.2 | 1.7 | −6.7 | |
| −3.1 | 0.4 | 0.2 | 0.4 | |
| −13 | −10.1 | −21.2 | −6.9 | |
| −0.9 | 15.3 | −4 | 5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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