Polycon International Ltd.
BSE: POLYCON · Packaging · sector
₹33.92BSE close 2026-10-26
Key numbers
Market cap₹18 cr
Price₹33.92
52w high / low₹35 / ₹15
P/E5.6xSector median 16.2x
P/B–Sector median 1.4x
Book value₹-0.5
Dividend yield–Sector median 0.58%
ROE-241.8%Sector median 9.8%
ROCE-2.9%Sector median 11.6%
OPM-0.3%Sector median 9.2%
Debt / equity–Sector median 0.39x
EV/EBITDA–Sector median 7.7x
Interest cover-0.5x
Current ratio2.37x
Sales growth 3y-12.4%Sector median +4.7%
Profit growth 3y–Sector median +0.8%
PEG0.02x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 63 companies in Packaging (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹34 cr (FY26): borrowings are higher by ₹34 cr.
- Operating profit covered interest -0.5x in the last 12 months.
- Net loss in 7 of the last 7 quarters.
- No dividend in the last 5 financial years.
- Price ₹33.92 on 2026-10-26: -3.1% from the 52-week high, +119.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹33.92 · low ₹18.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 5 | 4 | 4 | 5 | 5 | 4 | 3 |
| EBITDA | 1 | 1 | -0 | 0 | -0 | 0 | -0 |
| OPM % | 11.3% | 13.8% | -3.9% | 2.5% | -7.9% | 6.8% | -3.2% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | -0 | -0 | -1 | -1 | -1 | -0 | -1 |
| EPS (₹) | 0.67 | 0.52 | 2.08 | 1.40 | 1.88 | 0.96 | 1.82 |
| Revenue YoY | -6.4% | -2.5% | -28.2% | ||||
| Profit YoY | – | – | – |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 31 | 26 | 23 | 22 | 18 | 16 |
| EBITDA | 3 | 3 | 3 | 4 | 0 | -0 |
| Net profit | -0 | 0 | 0 | 0 | -3 | -3 |
| EPS (₹) | -0.21 | 0.13 | 0.13 | 0.29 | 5.88 | 6.06 |
| Revenue growth | -14.2% | -12.2% | -4.2% | -20.1% | – | |
| Profit growth | – | 0.0% | +133.3% | -2,157.1% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -12.4% | – | – |
| Net profit | – | – | – |
| EPS | +256.3% | – | – |
| Share price | – | +2.7% (2y) | +18.1% |
Balance sheet
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Shareholders' equity | 4 | 1 |
| Borrowings | 33 | 34 |
| Cash & equivalents | 0 | 0 |
| Total assets | 43 | 43 |
| Fixed assets | 9 | 8 |
| Capital work in progress | 1 | 2 |
| Investments | 0 | 0 |
| Receivables | 8 | 8 |
| Inventory | 22 | 21 |
| Payables | 3 | 3 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY25 | FY26 |
|---|---|---|
| Cash from operations | -0 | 3 |
| Cash from investing | -1 | -1 |
| Cash from financing | 2 | -2 |
| Capex | 2 | 0 |
| Free cash flow | -2 | 3 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY25 | FY26 |
|---|---|---|
| ROE % | 3.6% | -260.3% |
| ROCE % | 6.5% | -2.8% |
| Debtor days | 139 | 167 |
| Inventory days | 651 | 790 |
| Payable days | 94 | 119 |
| Cash conversion cycle (days) | 696 | 838 |
| Working capital days | 310 | 344 |
Peers in Packaging
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| EPL | ₹7,100 cr | 18.3x | 2.5x | 14.9% | 17.0% | 19.3% | +8.8% | 2.25% |
| AGI | ₹4,590 cr | 12.7x | 1.9x | 16.1% | 19.6% | 22.5% | +5.3% | 0.98% |
| UFLEX | ₹4,111 cr | 6.0x | 0.5x | 8.8% | 8.9% | 13.5% | +1.6% | 0.53% |
| TCPLPACK | ₹3,649 cr | 31.6x | 5.1x | 16.9% | 17.8% | 15.3% | +7.9% | 0.75% |
| JINDALPOLY | ₹2,976 cr | – | 1.0x | -27.6% | -17.5% | -78.1% | -14.4% | 0.87% |
| POLYPLEX | ₹2,943 cr | 18.9x | 0.7x | 3.9% | 6.9% | 7.8% | -2.5% | 1.55% |
| XPROINDIA | ₹2,278 cr | 69.0x | 3.0x | 4.8% | 5.2% | 9.3% | -0.4% | 0.20% |
| KNACK | ₹2,038 cr | – | – | – | – | – | – | – |
| MOLDTKPAC | ₹1,928 cr | 25.3x | 2.8x | 11.4% | 13.4% | 19.1% | +6.7% | 0.69% |
| POLYCON | ₹18 cr | 5.6x | – | -241.8% | -2.9% | -0.3% | -12.4% | – |
Documents
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Packaging |
| Sub-industry | Packaging |
| Symbol | POLYCON |
| BSE code | 531397 |
| ISIN | INE262C01014 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-24 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.