Solve Plastic ProductsShare price, financial results, shareholding and management
- Market cap
- ₹7 cr
- Stock P/E
- 16.5peers 26.9
- Book value
- ₹23.9
- Price to book
- 0.70
- EV / operating profit
- 7.6
- Market cap to sales
- 0.16
- ROCE · FY26
- 7.9%
- ROE · FY26
- 4.3%
- ROE, 3-year average
- -5.8%
- Operating margin · FY26
- 4.5%peers 15.3%
- Sales growth, 3 years
- -8.1%
- Profit growth, 3 years
- -28.4%
- Debt to equity
- 1.09peers 0.57
- Borrowings
- ₹11.3 cr
- Interest cover
- 1.6×
- Cash from business / op. profit
- 157%
- Debtor days
- 35
- Pledged
- 0.00%
- Promoter holding
- 63.35%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 573
- 52-week high / low
- ₹28 / ₹13
- 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.
Solve Plastic Products share price chart
Close on 3 Nov 2026 · +4.72% on the day · Vol 3,600
Daily prices to 3 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 3 Nov 2026
- 1 month
- -12.4%
- 3 months
- -16.1%
- 6 months
- -26.7%
- 1 year
- -40.5%
- Since IPO
- -81.7%
- Traded a day, 20 days
- ₹0.01 cr
- Taken for delivery
- 90%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +10% | - |
| 3 years, a year | -8% | -28% |
| Latest half, H2 FY26 | +11% | - |
Solve Plastic Products revenue and profit growth
Half-yearly results · Profit and lossSales have fallen.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before.
Solve Plastic Products half-yearly results
SME companies report every six months · ₹ crore
| H1FY24 | H2FY24 | H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|---|---|
| Sales | 23.58 | 22.61 | 20.08 | 21.38 | 21.83 | 23.76 |
| Expenses | 22.65 | 20.78 | 20.94 | 24.47 | 20.59 | 22.93 |
| Operating profit | 0.93 | 1.83 | -0.86 | -3.09 | 1.23 | 0.83 |
| OPM | 3.9% | 8.1% | -4.3% | -14.4% | 5.7% | 3.5% |
| Interest | 0.77 | 0.74 | 0.64 | 0.35 | 0.53 | 0.51 |
| Depreciation | 0.36 | 0.41 | 0.45 | 0.50 | 0.47 | 0.49 |
| Profit before tax | 0.29 | 1.16 | -1.75 | -3.77 | 0.66 | -0.06 |
| Net profit | 0.47 | 0.96 | -1.95 | -2.84 | 0.42 | 0.02 |
Solve Plastic Products profit and loss
Full years to March, FY21 to FY26 · ₹ crore, consolidated where reported
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Sales | 40.59 | 54.59 | 58.71 | 46.19 | 41.46 | 45.58 |
| Expenses | 39.36 | 53.50 | 56.75 | 43.43 | 45.41 | 43.52 |
| Operating profit | 1.23 | 1.09 | 1.96 | 2.76 | -3.95 | 2.06 |
| OPM | 3.0% | 2.0% | 3.3% | 6.0% | -9.5% | 4.5% |
| Other income | 0.66 | 0.71 | 1.48 | 0.97 | 0.38 | 0.54 |
| Interest | 1.67 | 1.43 | 1.38 | 1.51 | 0.99 | 1.05 |
| Depreciation | 1.18 | 0.90 | 0.83 | 0.77 | 0.95 | 0.96 |
| Profit before tax | -0.96 | -0.53 | 1.23 | 1.45 | -5.51 | 0.60 |
| Tax rate | -84.4% | -22.6% | 2.4% | 2.1% | 13.2% | 26.7% |
| Net profit | -0.15 | -0.41 | 1.20 | 1.42 | -4.79 | 0.44 |
| EPS ₹ | -0.49 | -1.35 | 3.95 | 4.63 | -12.38 | 1 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
A tax rate above 60% or below zero (FY21, FY22) comes from tax charged on a small or negative profit, as reported.
Solve Plastic Products 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
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Operating margin | 3.0% | 2.0% | 3.3% | 6.0% | -9.5% | 4.5% |
| Tax rate | -84.4% | -22.6% | 2.4% | 2.1% | 13.2% | 26.7% |
| ROCE | · | 6.1% | 19.2% | 19.1% | -24.7% | 7.9% |
| ROE | · | -43.9% | 90.2% | 44.9% | -66.7% | 4.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Solve Plastic Products debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown. Its loans are now larger than its own money. Last year the business brought in more cash than it showed as profit. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take about as long to pay as they did in FY24.
Bars below the line are cash going out.
Solve Plastic Products balance sheet
At each 31 March · ₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Equity capital | 3.04 | 3.04 | 3.04 | 3.07 | 4.37 | 4.37 |
| Reserves | -1.90 | -2.31 | -1.11 | 1.32 | 5.61 | 6.05 |
| Net worth | 1.14 | 0.73 | 1.93 | 4.39 | 9.98 | 10.42 |
| Borrowings | 15.44 | 12.30 | 12.22 | 12.41 | 9.86 | 11.33 |
| Other liabilities | 4.76 | 5.20 | 4.60 | 5.32 | 4.49 | 7.70 |
| Total liabilities | 21.34 | 18.23 | 18.75 | 22.12 | 24.33 | 29.45 |
| Fixed assets | 5.52 | 5.28 | 5.14 | 5.26 | 5.96 | 5.73 |
| Capital work in progress | 0 | 0 | 0 | 0.89 | 0.11 | 3.08 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 15.82 | 12.95 | 13.61 | 15.97 | 18.26 | 20.64 |
| Receivables | · | · | · | · | 4.42 | 4.35 |
| Inventory | · | · | · | · | 6.03 | 8.51 |
| Cash | · | · | · | · | 2.97 | 2.99 |
| Trade payables | · | · | · | · | 1.51 | 5.37 |
Solve Plastic Products cash flow
₹ crore
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | 2.36 | 5.30 | 2.14 | 1.86 | -3.08 | 3.23 |
| Cash from investing | -0.11 | -0.73 | -0.68 | -1.75 | -0.84 | -3.66 |
| Cash from financing | -2.25 | -4.57 | -1.46 | -0.11 | 6.88 | 0.45 |
| Net cash flow | 0 | 0 | 0 | 0 | 2.96 | 0.02 |
| Capital spending | · | · | · | · | 0.87 | 3.70 |
Working capital
Days
| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Debtor days | 45 | 30 | 26 | 40 | 39 | 35 |
| Inventory days | 80 | 52 | 55 | 92 | 72 | 107 |
| Days payable | 21 | 26 | 11 | 31 | 18 | 68 |
| Cash conversion cycle | 104 | 56 | 70 | 101 | 95 | 75 |
| Working capital days | 1 | -13 | -7 | 4 | 20 | -7 |
Solve Plastic Products peers and competitors
Listed SME companies in the same industryBy sales, Solve Plastic Products is number 129 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 |
|---|---|---|---|---|---|---|
| Pentagon Rubber | 66 | 35.9 | 50.9 | 1.8 | 9.5% | 0.92 |
| Advance Technoforge | 50 | 12.3 | 50 | 4.1 | 15.5% | 1.26 |
| Horizon Reclaim (India) | 290 | 29.0 | 49 | 10 | 32.0% | 1.44 |
| Polysil Irrigation Systems | 138 | 49.3 | 45.6 | 2.8 | 10.9% | 0.61 |
| Solve Plastic Products | 7 | 16.5 | 45.6 | 0.4 | 4.5% | 1.09 |
| Alphalogic Industries | 134 | 24.9 | 45.1 | 5.4 | 12.7% | 0.04 |
| Rajeshwari Cans | 17 | 7.4 | 42.6 | 2.2 | 12.8% | 0.53 |
| Holmarc Opto-Mechatronics | 132 | 32.2 | 42.2 | 4.1 | 15.0% | 0.02 |
| Gayatri Rubbers And Chemicals | 330 | 59.0 | 41.8 | 5.6 | 21.0% | 0.35 |
| Shayona Engineering | 54 | 13.5 | 40.3 | 4 | 18.7% | 0.76 |
| Ameya Precision Engineers | 139 | 24.8 | 40.1 | 5.6 | 19.0% | 0.01 |
| Median of the 10 others | 133 | 27 | 43.9 | 4.1 | 15.3% | 0.57 |
Solve Plastic Products shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little. The number of shareholders has come down.
Solve Plastic Products 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.
| Aug 24 | Sep 24 | Mar 25 | Sep 25 | Mar 26 | Jun 26 | |
|---|---|---|---|---|---|---|
| Promoters | 63.33% | 63.33% | 63.33% | 63.33% | 63.35% | 63.35% |
| Foreign investors (FIIs) | 0.88% | 0.00% | 0.00% | - | - | - |
| Indian institutions (DIIs) | 0.00% | 0.00% | 0.00% | - | - | - |
| HNIs (over ₹2 lakh each) | 5.72% | 7.37% | 8.61% | 9.21% | 8.46% | 8.71% |
| Small holders (up to ₹2 lakh) | 27.63% | 27.57% | 26.31% | 23.37% | 24.06% | 23.76% |
| Companies and others | 2.44% | 1.73% | 1.75% | 4.09% | 4.13% | 4.18% |
| Number of shareholders | 978 | 781 | 677 | 617 | 581 | 573 |
The named holders are at 30 June 2026, beside 31 March 2026, each under the group the pattern files them in.
Solve Plastic Products 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 ₹23.8 cr (+11%), net profit ₹0 cr (-) on H2 FY25.
- Shareholding, 30 June 2026: promoters unchanged at 63.35%.
Solve Plastic Products announcements
16 on record, latest first; each opens the filing on the exchange
- Change in AuditorsOf the companyPDF ↗
- AppointmentOf as Non- Executive Director of the company w.e.f. September 30, 2026PDF ↗
- Shareholders meetingShareholders meetingPDF ↗
- ResignationOf Personal Reasons and higher studies as Chief Financial Officer of the company w.e.f. September 11, 2026PDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 30, 2026PDF ↗
- Press Releasea press release dated September 08, 2026, titled "Notice of AGM"PDF ↗
- ResignationOf Susil Balakrishnan Nair Whole Time Director as Other of the company w.e.f. September 01, 2026PDF ↗
- Outcome of Board MeetingHeld on September 01, 2026PDF ↗
- Disclosure under SEBI Takeover Regulationsof Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011PDF ↗
- Shareholders meetingSrutinizers report of Postal BallotPDF ↗
- Structural Digital DatabaseAnnual SDD compliance reportPDF ↗
- General UpdatesGeneral UpdatesPDF ↗
Solve Plastic Products annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
Solve Plastic Products 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 Solve Plastic Products' 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.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (43,68,250 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓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, FY21 to FY26.
- iPrices run to the close on 13 Oct 2026, from the exchange's daily figures.
Questions people ask about Solve Plastic Products
What does Solve Plastic Products do?
Solve Plastic Products is an SME company listed on NSE Emerge, in industrial products.
What is the share price of Solve Plastic Products?
₹16.7 at the close on 3 Nov 2026, from the exchange's daily figures.
What is the market cap of Solve Plastic Products?
₹7 cr at the close on 3 Nov 2026, on 43,68,250 shares.
What is the P/E of Solve Plastic Products?
16.5 times FY26 profit at the close on 3 Nov 2026 (our arithmetic).
What are Solve Plastic Products' revenue and profit?
Revenue ₹46 cr and profit after tax ₹0 cr in FY26.
Who are the promoters of Solve Plastic Products?
The promoter group; promoters held 63.35% at 30 June 2026.
What was the IPO price of Solve Plastic Products?
₹91 a share; it listed on 21 Aug 2024.
What is Solve Plastic Products' website?
www.balcopipes.com
More SME companies like Solve Plastic Products
Other listed SME companies in industrial products, the closest in size first, each read from its own documents.
- 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
- Polymac ThermoformersPOLYMAC · BSE SME · Industrial ProductsMarket cap ₹5 cr
- Kahan PackagingKAHAN · BSE SME · Industrial ProductsMarket cap ₹11 cr
- Associated CoatersASSOCIATED · BSE SME · Industrial ProductsMarket cap ₹12 cr
Every listed SME company in Industrial Products → · SME companies listed in 2024 →
Built from 16 exchange announcements, 6 shareholding patterns and 6 years of reported results. Every figure carries its source; where the documents are silent, the page says so.