Polycon International (BSE: POLYCON) is loss-making over the last 12 months, losing ₹2.97 Cr, so a P/E ratio does not apply. Its share price on 26 Oct 2026 was ₹33.92. Sales fell 12% a year over 3 years. Its net worth is negative, as liabilities exceed assets, and borrowings are ₹38 Cr. It is a small-cap company with a market cap of ₹17 Cr; the shares rose 28% over the past year.
- ₹35.70
- ₹35.70
- ₹33.92
- ₹33.92
- 59
Health check
- ReturnsStrong
+28.0% over the past year.
- Price tagNegative equity
Book value is below zero, so P/E and P/B mislead here.
- GrowthShrinking
Sales −12.4% a year over 3 years.
- ProfitabilityDistorted
With negative net worth, return ratios are meaningless.
- Balance sheetStretched
Negative net worth: liabilities exceed assets.
- Red flags5 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹17 Cr
- Small cap
- P/E
- n/a
- Price to book
- −64.73
- Book value ₹−0.52
- Dividend yield
- 0.00%
- ROE
- −241.8%
- Return on equity
- ROCE
- −3.5%
- Return on capital employed
- Debt to equity
- n/a
- Debt ₹38 Cr
- EPS (TTM)
- −₹6.06
- OPM (TTM)
- −0.3%
- Net margin −18.1%
- Sales growth
- −28.1%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 1.01
- EV/EBITDA −1238.0
Strengths and risks
Risks to check
- Loss-making over the last twelve months.
- Negative net worth: liabilities exceed assets.
- Return on equity is low at −241.8%.
- Quarterly sales down 28.1% on a year ago.
- Interest coverage of only 0.1×.
About Polycon International
Polycon International Limited engages in the manufacture and trade of PETS products in India. The company provides PET bottles, jars, and preforms; caps and lids; CPR open top rectangular tanks, PRLFT loft tanks, PHD household drums, CPVC industrial buckets and vats, and PS stools. It also offers LLDPE rotomoulding water storage tanks, PVC profiles, and sections. Polycon International Limited was incorporated in 1991 and is based in Jaipur, India.
- Headquarters
- Jaipur
- Employees
- 85
- Sector
- Consumer Cyclical
- ISIN
- INE262C01014
- Website
- polyconltd.com
Price range
- Avg volume (3M)
- 421
- 1-year return
- plus 28.0%
- From 52-week high
- minus 5.0%
Peers
We couldn’t find listed peers for this company.
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 3.9 | 4.8 | 4.6 | 4.2 | 2.8 | |
| 4 | 4.7 | 4.9 | 4 | 2.9 | |
| −0.2 | 0.1 | −0.4 | 0.3 | −0.1 | |
| −3.9% | 2.5% | −7.8% | 6.7% | −3.4% | |
| 0 | 0 | 0.2 | 0.1 | 0.1 | |
| 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | |
| 0.4 | 0.4 | 0.3 | 0.4 | 0.4 | |
| −1 | −0.7 | −1 | −0.5 | −0.9 | |
| 2.7% | 8.6% | 8.8% | 5.3% | 4.1% | |
| −1 | −0.7 | −0.9 | −0.5 | −0.9 | |
| -2.08 | -1.40 | -1.88 | -0.96 | -1.82 |
Profit & loss
- Sales CAGR 3Y
- −12.4%
- ROE
- −241.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.2 | 23 | 22.1 | 17.6 | |
| – | minus 12.2% | minus 4.2% | minus 20.2% | |
| 23.2 | 19.9 | 20.7 | 17.4 | |
| 3.1 | 3.1 | 1.4 | 0.2 | |
| 11.7% | 13.6% | 6.4% | 1.2% | |
| −0 | 0 | −0 | 0.2 | |
| 1.8 | 2.1 | 2.1 | 2.1 | |
| 1.1 | 1 | 1.3 | 1.4 | |
| −0 | 0 | 2.3 | −0 | |
| 0.1 | 0 | 0.2 | −3.1 | |
| 55.9% | −29.5% | 36.8% | 6.8% | |
| 0.1 | 0.1 | 0.1 | −2.9 | |
| – | minus 3.0% | +128.4% | minus 2118.3% | |
| 0.13 | 0.13 | 0.29 | -5.88 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.4 | 5.4 | 5.4 | 5.4 | |
| −1.7 | −1.6 | −1.5 | −4.3 | |
| 29.3 | 32.8 | 33.1 | 34.9 | |
| 4.3 | 5.4 | 6.4 | 6.7 | |
| 37.4 | 42 | 43.5 | 42.7 | |
| 9.9 | 10.2 | 10.4 | 10 | |
| 1.1 | 1.2 | 1.3 | 2.4 | |
| 0 | 0 | 1.9 | 0 | |
| 0.3 | 0.2 | 0.1 | 0.2 | |
| 26.1 | 30.4 | 29.8 | 30.1 | |
| 37.4 | 42 | 43.5 | 42.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0 | −0.6 | −0.3 | 2.7 | |
| −1.2 | −1.3 | −1.4 | −1.1 | |
| 1.3 | 1.9 | 1.6 | −1.5 | |
| 0.1 | −0.1 | −0.1 | 0.1 | |
| −1.1 | −1.3 | −1.6 | −1.1 | |
| −1.2 | −1.9 | −2 | 1.6 |
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
No recent news coverage found.