On 6 Nov 2026, Polyspin Exports was priced at ₹27.73, or 4.9× trailing earnings, against an industry P/E of 18.1×, and the shares are 24% below their 52-week high. It earns ROCE of 10% and ROE of 8.4%, and sales and net profit grew 2.7% and 1.1% a year over 3 years. Debt is 1.02× equity. It is a small-cap company with a market cap of ₹28 Cr; the shares fell 9.5% over the past year.
- ₹27.00
- ₹28.50
- ₹26.02
- ₹28.68
- 511
Health check
- ReturnsBehind
−9.5% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 4.9 vs industry 18.1.
- GrowthSlow
Sales +2.7%, profit +1.1% a year over 3 years.
- ProfitabilityWeak
ROCE 10.4% vs peer median 16.7%.
- Balance sheetFair
Debt 1.02× equity, interest covered 1.9×.
- Red flags2 to check
Quarterly sales down 7.4% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹28 Cr
- Small cap
- P/E
- 4.9
- Industry 18.1
- Price to book
- 0.40
- Peers 2.06
- Dividend yield
- 0.00%
- ROE
- 8.4%
- Peers 14.4%
- ROCE
- 10.4%
- Peers 16.7%
- Debt to equity
- 1.02
- Debt ₹71 Cr
- EPS (TTM)
- ₹5.66
- Face value ₹5
- OPM (TTM)
- 4.6%
- Net margin 2.6%
- Sales growth
- −7.4%
- Latest quarter vs a year ago
- Profit growth
- +7.3%
- Latest quarter vs a year ago
- Price to sales
- 0.13
- EV/EBITDA 8.6
Strengths and risks
Strengths
- P/E of 4.9 against an industry P/E of 18.1.
Risks to check
- Quarterly sales down 7.4% on a year ago.
- Interest coverage of only 2.2×.
About Polyspin Exports
Polyspin Exports Limited manufactures and sells flexible intermediate bulk container bags, polypropylene woven fabrics, and multifilament yarns in India. The company offers U panel bags, circular big bags, Q bags, UN certified bags, and food grade bags. It also provides polypropylene woven bags and yarns. It also exports its products to the United States, Europe, and African countries. Polyspin Exports Limited was founded in 1972 and is based in…
- Headquarters
- Rajapalayam
- Employees
- 2,080
- Sector
- Consumer Cyclical
- ISIN
- INE914G01029
- Website
- polyspin.org
Price range
- Avg volume (3M)
- 1.2K
- 1-year return
- minus 9.5%
- From 52-week high
- minus 24.0%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| POLYSPINPolyspin Exports | 27.73 | minus 3.31% | – | 4.9 | 0.40 | – | 8.1% | 2.1% | 2.7% | 1.1% | 0.00% | minus 9.5% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 57.4 | 58.9 | 53.8 | 55.7 | 53.1 | |
| 54 | 55 | 51.4 | 54.1 | 50.9 | |
| 3.4 | 3.9 | 2.4 | 1.7 | 2.3 | |
| 5.9% | 6.6% | 4.5% | 3.0% | 4.3% | |
| 0.8 | 0.8 | 0.8 | 1.3 | 1.3 | |
| 1.5 | 1.6 | 1.4 | 1.2 | 1.4 | |
| 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | |
| 1.6 | 1.8 | 0.7 | 0.7 | 1 | |
| 27.8% | 8.8% | 31.7% | 26.4% | 27.2% | |
| 1.4 | 2.4 | 1.2 | 0.5 | 1.5 | |
| 1.40 | 2.42 | 1.25 | 0.49 | 1.50 |
Profit & loss
- Sales CAGR 3Y
- +2.7%
- Profit CAGR 3Y
- +1.1%
- EPS CAGR 3Y
- +1.2%
- ROE
- 8.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 205 | 199 | 222 | 223 | |
| – | minus 3.2% | +11.6% | +0.3% | |
| 197 | 197 | 206 | 211 | |
| 8.3 | 1.9 | 15.3 | 12 | |
| 4.0% | 1.0% | 6.9% | 5.4% | |
| 1.4 | 1.6 | 1.5 | 2.7 | |
| 3.1 | 3.9 | 5.3 | 5.3 | |
| 4 | 3.4 | 4.4 | 4.6 | |
| −0.1 | −0.6 | −0.3 | 0.1 | |
| 2.5 | −4.4 | 6.8 | 4.8 | |
| 16.8% | 37.6% | 45.6% | 21.0% | |
| 5.4 | −2.8 | 4.1 | 5.6 | |
| – | minus 151.8% | – | +35.4% | |
| 5.37 | -2.78 | 4.10 | 5.56 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5 | 5 | 5 | 5 | |
| 54.8 | 53.5 | 58.1 | 64.6 | |
| 69.9 | 74.7 | 85.4 | 70.9 | |
| 31.9 | 26.1 | 18 | 22.5 | |
| 162 | 159 | 167 | 163 | |
| 49.7 | 52.9 | 50.1 | 48.6 | |
| 6.9 | 15.6 | – | – | |
| 7.2 | 7.9 | 9.2 | 12.9 | |
| 1.8 | 0.3 | 0.6 | 9.6 | |
| 96.1 | 82.7 | 107 | 91.9 | |
| 162 | 159 | 167 | 163 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.1 | 7.8 | −9.3 | 32.4 | |
| −7.7 | −8.5 | 4.3 | −12.3 | |
| −12.2 | 0.7 | 5.2 | −20.3 | |
| −8.7 | −0.1 | 0.2 | −0.2 | |
| −10.2 | −13 | −1.1 | −3.2 | |
| 1 | −5.3 | −10.4 | 29.2 | |
| −0.6 | −0 | −0 | – |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company.
Major shareholders
Filings & events
News
No recent news coverage found.