As of 6 Nov 2026, Polylink Polymers (India) trades at 31.8× trailing earnings, above the industry P/E of 22.1×, and the shares are 19% below their 52-week high. Its ROCE of 5.4% is the lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 19% and 24% a year over 3 years. Debt is 0.18× equity. It is a small-cap company with a market cap of ₹46 Cr, ranked 168th of 204 Specialty Chemicals companies by market cap; the shares fell 5.9% over the past year.
- ₹21.25
- ₹21.25
- ₹20.80
- ₹21.20
- 623
Health check
- ReturnsBehind
−5.9% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 31.8 vs industry 22.1.
- GrowthSteady
Sales +18.6%, profit +23.8% a year over 3 years.
- ProfitabilityWeak
ROCE 5.4% vs peer median 24.4%.
- Balance sheetFair
Debt 0.18× equity, interest covered 3.3×, Piotroski 5 of 9.
- Red flags1 to check
Return on equity is low at 4.0%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹46 Cr
- Small cap
- P/E
- 31.8
- Industry 22.1
- Price to book
- 1.47
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 4.0%
- Peers 23.0%
- ROCE
- 5.4%
- Peers 24.4%
- Debt to equity
- 0.18
- Debt ₹5.75 Cr
- EPS (TTM)
- ₹0.66
- OPM (TTM)
- 3.6%
- Net margin 1.7%
- Sales growth
- +14.3%
- Latest quarter vs a year ago
- Profit growth
- +124.6%
- Latest quarter vs a year ago
- Price to sales
- 0.53
- EV/EBITDA 16.6
Strengths and risks
Strengths
- Quarterly profit up 124.6% on a year ago.
Risks to check
- Return on equity is low at 4.0%.
About Polylink Polymers (India)
Polylink Polymers (India) Limited primarily manufactures and sells polymeric compounds and colour masterbatches in India, Turkey, Georgia, Bangladesh, Thailand, Nigeria, and internationally. The company offers power, XLPE, and telecommunication cables.; and filler, black, white, color, and additive masterbatches. Its products are used in agriculture, water conveying and storage, consumer and household goods, textile and fibers, wires and cables, rigid and…
- Headquarters
- Ahmedabad
- Employees
- 45
- Sector
- Basic Materials
- ISIN
- INE323D01020
- Website
- polylinkpolymers.com
Price range
- Avg volume (3M)
- 6K
- 1-year return
- minus 5.9%
- From 52-week high
- minus 19.2%
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% |
| POLYLINKPolylink Polymers (India) | 21.00 | minus 0.94% | 46 | 31.8 | 17.6 | 5.4% | 3.6% | 0.18 | 18.6% | minus 5.9% |
| 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 |
|---|---|---|---|---|---|
| 20.4 | 21.6 | 20.2 | 21.3 | 23.3 | |
| 19.7 | 21.2 | 19.3 | 20.4 | 22.3 | |
| 0.6 | 0.5 | 0.8 | 0.9 | 0.9 | |
| 3.1% | 2.1% | 4.1% | 4.2% | 4.0% | |
| 0 | 0.2 | 0 | 0.2 | 0.1 | |
| 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | |
| 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | |
| 0.3 | 0.2 | 0.3 | 0.5 | 0.4 | |
| 27.9% | −10.4% | 27.8% | −13.8% | 1.4% | |
| 0.2 | 0.2 | 0.2 | 0.6 | 0.4 | |
| 0.08 | 0.08 | 0.11 | 0.28 | 0.19 |
Profit & loss
- Sales CAGR 3Y
- +18.6%
- Profit CAGR 3Y
- +23.8%
- EPS CAGR 3Y
- +23.8%
- ROE
- 4.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 49.9 | 74 | 90.3 | 83.4 | |
| – | +48.1% | +22.1% | minus 7.7% | |
| 48.2 | 70.7 | 86 | 80.4 | |
| 1.7 | 3.2 | 4.3 | 3 | |
| 3.5% | 4.4% | 4.7% | 3.5% | |
| 0.3 | 0.2 | 0.1 | 0.3 | |
| 0.1 | 0.2 | 0.4 | 0.6 | |
| 0.9 | 1 | 1 | 1.4 | |
| −0 | – | – | 0 | |
| 1 | 2.3 | 3 | 1.3 | |
| 33.4% | 25.2% | 28.3% | 5.7% | |
| 0.6 | 1.7 | 2.1 | 1.2 | |
| – | +168.9% | +23.1% | minus 42.6% | |
| 0.29 | 0.78 | 0.96 | 0.55 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.1 | 11.1 | 11.1 | 11.1 | |
| 15 | 16.8 | 18.8 | 20.1 | |
| 0.4 | 1.9 | 2.6 | 5.8 | |
| 3.6 | 5.9 | 7.2 | 9.7 | |
| 30.1 | 35.7 | 39.7 | 46.6 | |
| 15.8 | 16.2 | 18 | 24.4 | |
| – | – | – | 2.8 | |
| 0.3 | 0.3 | 0.3 | – | |
| 2.2 | 0 | 0.1 | 0.1 | |
| 11.8 | 19.2 | 21.4 | 19.2 | |
| 30.1 | 35.7 | 39.7 | 46.6 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4.1 | −2.1 | 2.3 | 5.3 | |
| −0.5 | −0.8 | −2.6 | −7.9 | |
| −1.5 | 0.9 | 0.3 | 2.6 | |
| 2.1 | −2.1 | 0 | 0 | |
| −0.5 | −1 | −2.6 | −7.8 | |
| 3.6 | −3.2 | −0.3 | −2.5 |
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
No recent news coverage found.