Polymac ThermoformersShare price, financial results, shareholding and management
- Market cap
- ₹5 cr
- Stock P/E
- 528.4peers 36.1
- Book value
- ₹22.4
- Price to book
- 0.49
- EV / operating profit
- -
- Market cap to sales
- 0.40
- ROCE · FY26
- 1.9%
- ROE · FY26
- 0.1%
- ROE, 3-year average
- 1.2%
- Operating margin · FY26
- 1.2%peers 12.4%
- Sales growth, 3 years
- 14.3%
- Profit growth, 3 years
- -71.9%
- Debt to equity
- 0.43peers 0.03
- Borrowings
- ₹4.6 cr
- Interest cover
- 1.3×
- Cash from business / op. profit
- -1031%
- Debtor days
- 68
- Pledged
- 0.00%
- Promoter holding
- 25.21%
- Change in promoter holding
- +0.01 pts
- Shareholders
- 379
- 52-week high / low
- ₹20 / ₹7
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
newboard is reading this company's filings. Its plain description, key points, management and study will appear here soon; the figures below are worked out from what it has filed.
Polymac Thermoformers share price chart
Close on 25 Sept 2026 · -9.94% on the day · Vol 1,600
Daily prices to 25 Sept 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 25 Sept 2026
- 1 month
- +8.8%
- 3 months
- +0.5%
- 1 year
- -42.7%
- Traded a day, 20 days
- ₹0.00 cr
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +53% | -75% |
| 3 years, a year | +14% | -72% |
| Latest half, H2 FY26 | +85% | - |
Polymac Thermoformers revenue and profit growth
Half-yearly results · Profit and lossSales have grown steadily. Last year profit fell even as sales rose, so the company kept less from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before.
Polymac Thermoformers half-yearly results
SME companies report every six months · ₹ crore
| H1FY23 | H2FY23 | H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 3.61 | 5.19 | 8.37 | 6.18 | 3.87 | 4.70 | 4.44 | 8.70 |
| Expenses | 3.65 | 6.03 | 8.17 | 6.28 | 4.18 | 6.08 | 3.90 | 9.08 |
| Operating profit | -0.04 | -0.84 | 0.20 | -0.10 | -0.31 | -1.38 | 0.54 | -0.38 |
| OPM | -1.1% | -16.3% | 2.4% | -1.5% | -8.0% | -29.4% | 12.1% | -4.3% |
| Interest | 0.07 | 0.07 | 0.07 | 0.10 | 0.08 | 0.11 | 0.09 | 0.11 |
| Depreciation | 0.09 | 0.09 | 0.10 | 0.10 | 0.09 | 0.11 | 0.11 | 0.11 |
| Profit before tax | 0.88 | -0.28 | 0.04 | 0.38 | -0.49 | -0.97 | 0.34 | -0.28 |
| Net profit | 0.88 | -0.43 | 0.04 | 0.27 | -0.49 | -1 | 0.34 | -0.33 |
Polymac Thermoformers profit and loss
Full years to March, FY15 to FY26 · ₹ crore, consolidated where reported
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.47 | 1.48 | 2.63 | 3.91 | 6.73 | 5.24 | 6.14 | 7.18 | 8.80 | 14.55 | 8.57 | 13.14 |
| Expenses | 7.23 | 2.90 | 7.19 | 4.23 | 6.74 | 5.76 | 6.55 | 7.21 | 9.68 | 14.44 | 8.76 | 12.98 |
| Operating profit | -5.76 | -1.42 | -4.56 | -0.32 | -0.01 | -0.52 | -0.41 | -0.03 | -0.88 | 0.11 | -0.19 | 0.16 |
| OPM | -391.8% | -96.0% | -173.4% | -8.2% | -0.1% | -9.9% | -6.7% | -0.4% | -10.0% | 0.7% | -2.2% | 1.2% |
| Other income | 6.04 | 1.62 | 4.97 | 0.28 | 0.29 | 0.54 | 0.81 | 1.06 | 1.80 | 0.67 | 0.63 | 0.31 |
| Interest | 0.05 | 0.05 | 0.06 | 0.04 | 0.06 | 0.12 | 0.10 | 0.25 | 0.14 | 0.16 | 0.17 | 0.20 |
| Depreciation | 0.15 | 0.15 | 0.10 | 0.09 | 0.09 | 0.12 | 0.10 | 0.13 | 0.17 | 0.19 | 0.20 | 0.21 |
| Profit before tax | 0.08 | 0 | 0.25 | -0.17 | 0.13 | -0.22 | 0.20 | 0.65 | 0.60 | 0.42 | 0.07 | 0.06 |
| Tax rate | 25.0% | · | 32.0% | 0.0% | 15.4% | 13.6% | 45.0% | 23.1% | 25.0% | 26.0% | 36.6% | 79.0% |
| Net profit | 0.06 | 0 | 0.17 | -0.17 | 0.11 | -0.24 | 0.11 | 0.50 | 0.45 | 0.31 | 0.04 | 0.01 |
| EPS ₹ | 0.13 | 0 | 0.36 | -0.36 | 0.23 | -0.50 | 0.23 | 1.05 | 0.94 | 0.64 | 0.09 | 0.02 |
| Dividend payout | 0.0% | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY26) comes from tax charged on a small or negative profit, as reported.
Polymac Thermoformers profitability
Margins and returns on capitalLast year the company kept more from each rupee of sales than the year before. It earns a low return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -391.8% | -96.0% | -173.4% | -8.2% | -0.1% | -9.9% | -6.7% | -0.4% | -10.0% | 0.7% | -2.2% | 1.2% |
| Tax rate | 25.0% | · | 32.0% | 0.0% | 15.4% | 13.6% | 45.0% | 23.1% | 25.0% | 26.0% | 36.6% | 79.0% |
| ROCE | · | 0.4% | 2.6% | -1.1% | 1.7% | -0.8% | 2.5% | 3.5% | 2.6% | 4.0% | 2.0% | 1.9% |
| ROE | · | 0.0% | 1.6% | -1.6% | 1.0% | -2.3% | 1.1% | 4.6% | 4.2% | 3.0% | 0.4% | 0.1% |
| Dividend payout | 0.0% | · | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Polymac Thermoformers debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Polymac Thermoformers balance sheet
At each 31 March · ₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 | 4.78 |
| Reserves | 5.66 | 6.12 | 5.83 | 5.66 | 5.87 | 5.63 | 5.74 | 6.24 | 5.48 | 5.79 | 5.84 | 5.91 |
| Net worth | 10.44 | 10.90 | 10.61 | 10.44 | 10.65 | 10.41 | 10.52 | 11.02 | 10.26 | 10.57 | 10.62 | 10.69 |
| Borrowings | 0.78 | 1.31 | 1.40 | 0.61 | 1.28 | 1.28 | 1.56 | 28.71 | 6.87 | 1.53 | 1.67 | 4.58 |
| Other liabilities | 2.47 | 1.89 | 3.67 | 1.99 | 0.56 | 0.64 | 0.64 | 1.08 | 1.14 | 6.81 | 6.24 | 3.97 |
| Total liabilities | 13.69 | 14.10 | 15.68 | 13.04 | 12.49 | 12.33 | 12.72 | 40.81 | 18.27 | 18.91 | 18.53 | 19.24 |
| Fixed assets | 1.10 | 0.99 | 1.03 | 0.94 | 1.06 | 1.20 | 1.20 | 2 | 2.04 | 2.23 | 2.69 | 3.32 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.11 | 1.01 | 1.28 | 1 | 0.05 | 0.22 | 0.88 | 1.03 | 0.69 | 0.77 | 0.78 | 0.79 |
| Other assets | 11.48 | 12.10 | 13.37 | 11.10 | 11.38 | 10.91 | 10.64 | 37.78 | 15.54 | 15.91 | 15.06 | 15.13 |
Polymac Thermoformers cash flow
₹ crore
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | 0.68 | -0.60 | -1.94 | 0.65 | -0.60 | -25.49 | 25.34 | -1.45 | 0.02 | -1.65 |
| Cash from investing | 0 | 0 | -0.57 | -5.89 | 1.43 | -0.68 | 0.46 | -0.03 | 1.92 | 0.18 | -0.04 | -0.58 |
| Cash from financing | 0 | 0 | -0.07 | 6.49 | 0.64 | -0.11 | 0.19 | 26.91 | -21.97 | -5.49 | -0.03 | 2.71 |
| Net cash flow | 0 | 0 | 0.04 | 0 | 0.13 | -0.14 | 0.05 | 1.39 | 5.29 | -6.76 | -0.05 | 0.48 |
Working capital
Days
| FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 17 | -91 | 83 | 53 | 81 | 36 | 53 | 75 | 33 | 38 | 18 | 68 |
| Inventory days | 323 | 421 | 214 | 201 | 196 | 224 | 256 | 243 | 184 | 217 | 340 | 174 |
| Days payable | 206 | 110 | 83 | 69 | 20 | 40 | 24 | 48 | 16 | 152 | 235 | 44 |
| Cash conversion cycle | 135 | 220 | 214 | 185 | 257 | 221 | 284 | 269 | 200 | 103 | 123 | 198 |
| Working capital days | 1,907 | 2,032 | 894 | 572 | 425 | 517 | 387 | 250 | 16 | 213 | 341 | 175 |
Polymac Thermoformers peers and competitors
Listed SME companies in the same industryBy sales, Polymac Thermoformers is number 149 of the 156 listed SME companies in industrial products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Excellent Wires and Packaging | 82 | 54.1 | 22.6 | 1.5 | 9.4% | 0.09 |
| ARC Insulation & Insulators | 31 | 16.6 | 20.9 | 1.9 | 15.0% | 0.00 |
| Indobell Insulations | 41 | 51.2 | 15.6 | 0.8 | -0.7% | 0.06 |
| Clara Industries | 81 | 44.9 | 14 | 1.8 | 20.1% | 0.02 |
| Polymac Thermoformers | 5 | 528.4 | 13.1 | 0 | 1.2% | 0.43 |
| Command Polymers | 19 | 36.1 | 10.8 | 0.5 | 15.5% | 0.88 |
| AIK Pipes and Polymers | 16 | 172.4 | 9.5 | 0.1 | 9.8% | 0.34 |
| Mahip Industries | 31 | 11.0 | 9.1 | 2.8 | 19.8% | - |
| Associated Coaters | 13 | 11.2 | 8.3 | 1.2 | 19.7% | 0.01 |
| Adishakti Loha and Ispat | 12 | - | 1.8 | 0 | -6.1% | 0.03 |
| SMVD Poly Pack | 14 | 0.5 | 0.1 | 30.4 | -2007.4% | 0.00 |
| Median of the 10 others | 25 | 36.1 | 10.1 | 1.3 | 12.4% | 0.03 |
Polymac Thermoformers shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own less than half the company, a little more than in the first filing shown. Big foreign and Indian funds own very little. The number of shareholders has grown a lot.
Polymac Thermoformers shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Sep 22 | Mar 23 | Sep 23 | Mar 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | |
|---|---|---|---|---|---|---|---|---|
| Promoters | 22.38% | 22.38% | 22.38% | 22.38% | 25.20% | 25.20% | 25.20% | 25.21% |
| Number of shareholders | 251 | 247 | 256 | 285 | 389 | 377 | 371 | 379 |
Polymac Thermoformers latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹8.7 cr (+85%), net profit -₹0.3 cr (-) on H2 FY25.
- Shareholding, 31 March 2026: promoters 25.20% to 25.21%.
Polymac Thermoformers announcements
4 on record, latest first; each opens the filing on the exchange
- OthersOutcome of Board MeetingPDF ↗
- Company UpdateCertificate under Regulation 74(5) of SEBI (DP) Regulation 2018 for quarter ended as on 30th September, 2026PDF ↗
- OthersNon applicability of Compliance 57(5) of SEBI (LODR) Regulation 2015 for quarter ended 30th September, 2026PDF ↗
- Insider Trading / SASTIntimation for Closure of Trading WindowPDF ↗
Polymac Thermoformers annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Polymac Thermoformers share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Polymac Thermoformers' data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 74 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (47,81,600 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- ✓Earnings per share moves in line with profit across the years shown.
- ✓Revenue and profit are reported for every year shown, FY15 to FY26.
- iPrices run to the close on 25 Sept 2026, from the exchange's daily figures.
Questions people ask about Polymac Thermoformers
What does Polymac Thermoformers do?
Polymac Thermoformers is an SME company listed on BSE SME, in industrial products.
What is the share price of Polymac Thermoformers?
₹11.1 at the close on 25 Sept 2026, from the exchange's daily figures.
What is the market cap of Polymac Thermoformers?
₹5 cr at the close on 25 Sept 2026, on 47,81,600 shares.
What is the P/E of Polymac Thermoformers?
528.4 times FY26 profit at the close on 25 Sept 2026 (our arithmetic).
What are Polymac Thermoformers' revenue and profit?
Revenue ₹13 cr and profit after tax ₹0 cr in FY26.
Who are the promoters of Polymac Thermoformers?
The promoter group; promoters held 25.21% at 31 March 2026.
What is Polymac Thermoformers' website?
www.polymacthermoformers.com
More SME companies like Polymac Thermoformers
Other listed SME companies in industrial products, the closest in size first, each read from its own documents.
- Solve Plastic ProductsBALCO · NSE Emerge · Industrial Products · listed 2024Market cap ₹7 cr
- Jiwanram Sheoduttrai IndustriesJIWANRAM · NSE Emerge · Industrial Products · listed 2023Market cap ₹9 cr
- Maks Energy Solutions IndiaMAKS · NSE Emerge · Industrial Products · listed 2022Market cap ₹9 cr
- PARAMPARA DAIRY DELIGHTSPARAMPARA · NSE Emerge · Industrial Products · listed 2018Market cap ₹10 cr
- Kahan PackagingKAHAN · BSE SME · Industrial ProductsMarket cap ₹11 cr
- Associated CoatersASSOCIATED · BSE SME · Industrial ProductsMarket cap ₹12 cr
Built from 4 exchange announcements, 8 shareholding patterns and 12 years of reported results. Every figure carries its source; where the documents are silent, the page says so.