Micro Chemicals

Polychem Ltd.

POLYCHEM

₹1966.0

-0.46% (-9.0)

Market Cap

₹79 Cr.

P/E

28.06

Polychem Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Polychem Ltd. Shareprice

Has the share price of Polychem grown faster than its competition?

Polychem has given better returns compared to its competitors.
Polychem has grown at ~26.63% over the last 2yrs while peers have grown at a median rate of 4.64%

Is Polychem stock expensive?

Yes, Polychem is expensive.
Latest PE of Polychem is 28.06, while 3 year average PE is 21.89.
Also latest EV/EBITDA of Polychem is 20.12 while 3yr average is 15.2.

View FAQ's On Business

Growth Table

Polychem Ltd.
Malpani Pipes&Fittin
Loading...
MCON Rasayan India
Loading...

In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-30.04	26.63	46.74	30.41	46.04	37.41	26.14	22.02	20.76	18.42
TTM EPS CAGR	-60.89	-39.10	75.88	29.67	-0.73	-2.58	—	14.97	24.16	12.82
Sales CAGR	-22.67	-9.84	5.20	14.04	2.60	0.05	13.91	12.58	14.17	8.88
PAT Margin (Abs Growth)	-3.61	12.78	10.01	5.32	0.48	13.53	12.46	12.84	10.47	7.62
PE CAGR	78.87	108	-16.57	0.57	47.12	41.05	—	6.13	-2.74	4.96
CFO CAGR	20.73	—	67.20	2.01	11.84	68.07	124	—	14.73	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Polychem Ltd.
Malpani Pipes&Fittin
Loading...
MCON Rasayan India
Loading...

In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	16.31	21.48	22.35	27.50	32.23	33.10	33.10	43.29	50.52	54.44
Non Current Assets	3.72	6.45	6.21	11.10	12.45	13.79	12.53	23.33	29.13	33.13
Net Block	0.54	2.20	2.23	2.66	3.56	3.10	2.57	3.63	4.12	2.30
Capital Work in Progress	0.00	0.00	0.00	0.08	0.00	0.00	0.00	0.00	0.00	—
Intangible Assets Under Development	—	—	—	0.08	—	—	—	—	—	—
Long Term Investments	2.19	2.90	3.06	7.43	8.12	10.13	9.38	19.02	22.51	28.35
Current Assets	12.72	15.18	16.25	16.52	19.91	19.45	20.51	20.19	22.02	21.25
Inventory	2.31	5.40	5.03	4.79	4.32	4.49	5.36	7.51	7.40	7.91
Accounts Receivable	2.36	5.38	7.28	8.53	7.71	7.23	9.79	7.82	8.09	7.17
Short Term Investments	—	—	—	—	—	—	—	—	—	—
Cash & Bank Balances	2.54	3.01	3.15	1.69	6.75	6.40	4.03	3.37	5.05	4.59
Liabilities	16.31	21.48	22.35	27.50	32.23	33.10	33.10	43.29	50.52	54.44
Shareholders Funds	15.25	18.59	18.68	22.26	25.14	25.52	27.91	34.89	41.21	44.40
Share Capital	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40
Reserves	14.84	18.18	18.28	21.86	24.73	25.12	27.50	34.49	40.80	44.00
Non Current Liabilities	-0.12	0.04	0.07	0.11	0.59	0.38	0.05	0.68	1.01	1.59
Secured Loans	—	—	—	—	—	—	—	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	1.19	6.31	6.74	5.78	6.62	6.83	4.43	4.65	4.26	3.25
Accounts Payable	0.73	1.77	2.27	1.03	1.10	1.53	1.58	1.42	1.42	0.49
Short Term Loans	—	—	—	—	—	—	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Polychem Ltd.
Malpani Pipes&Fittin
Loading...
MCON Rasayan India
Loading...

In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	12.63	26.70	30.75	41.54	36.64	24.63	35.78	51.24	53.87	41.66
Operating Expenses	12.93	26.71	30.23	35.68	32.69	23.98	35.08	45.39	45.10	37.96
Raw Material	7.20	16.85	19.01	23.97	19.27	13.83	21.74	30.67	28.82	12.12
Material Cost (%)	55.37	62.33	62.41	57.62	54.15	55.63	58.16	55.63	53.83	27.80
Employee Cost	1.96	4.13	4.49	5.22	5.83	5.50	6.08	6.62	6.99	7.08
Power & Fuel Cost	0.05	0.13	0.13	0.15	0.15	0.14	0.12	0.11	0.11	—
Operating Profit	-0.30	-0.01	0.52	5.86	3.95	0.65	0.70	5.85	8.77	3.70
Other Income	1.00	0.94	0.34	0.59	1.12	1.43	0.82	5.61	1.96	2.25
OPM (%)	-2.35	-0.04	1.69	14.11	10.77	2.65	1.97	11.41	16.28	8.88
Depreciation and Amortisation	0.23	0.30	0.29	0.32	0.70	0.73	0.68	0.77	1.02	1.02
Interest	0.00	0.04	0.01	—	0.04	0.08	0.07	0.16	0.16	0.14
Profit Before Tax	0.46	0.59	0.56	6.12	4.32	1.27	0.77	10.53	9.55	4.79
Tax	0.12	-0.19	0.03	0.00	0.70	-0.01	-0.10	0.88	1.35	0.95
Net Profit	0.34	0.81	0.23	3.62	3.07	0.83	0.51	7.23	7.20	3.84
Number of shares(Crs)	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	—
Dividend Payout Ratio(%)	29.75	12.54	0.00	2.79	16.47	0.00	23.94	11.18	16.83	—

TTM Values as of Mar 2025

Cash Flow

Polychem Ltd.
Malpani Pipes&Fittin
Loading...
MCON Rasayan India
Loading...

In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	—	0.02	0.28	3.64	5.88	1.36	-2.20	5.28	6.37	2.12
Profit Before Tax	0.00	0.59	0.56	6.12	4.32	1.27	0.77	10.53	9.55	4.79
Adjustments	—	-0.04	0.54	-0.16	-0.25	-0.64	0.03	-4.82	-0.74	-1.15
OCF Before Working Capital	0.00	0.55	1.10	5.96	4.07	0.63	0.80	5.71	8.82	3.65
Working Capital Changes	—	-1.07	-0.80	-2.40	2.42	0.61	-3.00	0.65	-0.95	-0.40
Taxes Paid	—	0.55	-0.02	0.08	-0.60	0.12	0.01	-1.08	-1.49	-1.13
Cash from Investing Activity	—	-0.01	0.27	-4.20	-3.61	0.56	-0.87	-3.81	-3.10	-0.60
Net Fixed Assets Purchased	0.00	-0.08	-0.33	-1.31	-0.50	-0.25	-0.08	3.86	-0.45	-0.44
Fixed Assets Purchased	—	-0.13	-0.33	-1.33	-0.50	-0.26	-0.08	-1.79	-0.45	-0.46
Fixed Assets Sold	—	0.06	0.00	0.02	—	0.01	0.00	5.64	0.00	0.02
Investment Purchased	—	-0.20	-0.01	-3.95	-3.36	-1.00	-2.16	-10.17	-2.70	-5.35
Investment Sold	—	—	0.51	0.92	—	1.48	1.32	2.34	0.01	3.26
Interest Recieved	—	0.22	0.14	0.12	0.23	0.32	0.07	0.17	0.15	0.29
Dividends Recieved	—	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.02
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	—	-0.10	-0.11	-0.00	-0.41	-0.82	-0.29	-0.44	-1.12	-1.53
Proceeds From Shares	—	—	—	—	—	—	—	—	—	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Proceeds From Borrowings	—	—	—	—	—	—	—	—	—	—
Repayment From Borrowings	—	—	—	—	—	—	—	—	—	—
Interest Paid	—	—	—	—	-0.00	—	—	—	—	—
Dividend Paid	—	-0.10	-0.11	-0.00	-0.10	-0.55	—	-0.12	-0.83	-1.21
Net Cash Flow	0.00	-0.09	0.45	-0.56	1.87	1.10	-3.36	1.03	2.16	-0.00
Opening Cash & Cash Equivalents	—	1.19	1.10	1.55	0.98	2.85	3.96	0.59	1.62	3.78
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	—	1.11	1.55	0.98	2.85	3.96	0.59	1.62	3.78	3.77
Net Capex (est)	0.00	0.08	0.33	1.31	0.50	0.25	0.08	-3.86	0.45	0.44
Free Cash Flow (est)	0.00	-0.05	-0.04	2.33	5.39	1.11	-2.28	9.13	5.92	1.68

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Polychem Ltd.
Malpani Pipes&Fittin
Loading...
MCON Rasayan India
Loading...

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	8.74	1.55	1.66	2.03	2.36	2.19	3.42	2.73	3.43
Liquid Assets (Crs)	10.41	9.78	11.22	11.73	15.60	14.96	15.15	12.68	14.62
Current Liabilities (Crs)	1.19	6.31	6.74	5.78	6.62	6.83	4.43	4.65	4.26
Current Ratio	10.68	2.41	2.41	2.86	3.01	2.85	4.63	4.34	5.17
Current Assets (Crs)	12.72	15.18	16.25	16.52	19.91	19.45	20.51	20.19	22.02
Current Liabilities (Crs)	1.19	6.31	6.74	5.78	6.62	6.83	4.43	4.65	4.26
Interest Coverage Ratio	133	14.55	96.15	—	124	17.27	12.78	66.72	58.99
EBIT (Crs)	0.47	0.64	0.57	6.12	4.36	1.35	0.84	10.69	9.72
Interest Expenses (Crs)	0.00	0.04	0.01	0.00	0.04	0.08	0.07	0.16	0.16
Fixed Asset Turnover	8.51	10.71	10.92	11.70	7.11	4.54	6.43	6.99	6.11
Net Sales (Crs)	12.63	26.70	30.75	41.54	36.64	24.63	35.78	51.24	53.87
Fixed Assets (Crs)	1.48	2.49	2.82	3.55	5.15	5.42	5.56	7.33	8.81
Cash Conversion Cycle	97.08	80.70	108	94.52	107	141	110	89.34	86.51
Inventory Days	59.16	49.45	60.95	43.14	45.36	65.26	50.24	45.84	50.50
Days Receivable	60.50	49.62	73.94	69.46	80.89	111	86.78	62.70	53.88
Days Payable	22.58	18.37	26.87	18.07	19.61	35.09	27.28	19.20	17.88
Debt to Equity Ratio	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Debt (Crs)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shareholders Equity (Crs)	15.25	18.59	18.68	22.26	25.14	25.52	27.91	34.89	41.21
Free Cash Flow/Sales (%)	0.00	-0.20	-0.14	5.61	14.70	4.51	-6.37	17.83	10.99
Free Cash Flow(est) (Crs)	0.00	-0.05	-0.04	2.33	5.39	1.11	-2.28	9.13	5.92
Net Sales (Crs)	12.63	26.70	30.75	41.54	36.64	24.63	35.78	51.24	53.87
Profitability Ratios
Gross Margin (%)	44.63	37.67	37.59	42.38	45.85	44.37	41.84	44.37	46.17
Op Profit Margin (%)	-2.35	-0.04	1.69	14.11	10.77	2.65	1.97	11.41	16.28
Operating Profit (Crs)	0.70	0.93	0.86	6.45	5.06	2.08	1.52	11.46	10.73
Net Sales (Crs)	12.63	26.70	30.75	41.54	36.64	24.63	35.78	51.24	53.87
Net Profit Margin (%)	2.69	3.02	0.75	8.72	8.37	3.36	1.41	14.11	13.37
Net Profit (Crs)	0.34	0.81	0.23	3.62	3.07	0.83	0.51	7.23	7.20
Net Sales (Crs)	12.63	26.70	30.75	41.54	36.64	24.63	35.78	51.24	53.87
ROCE (%)	3.09	4.19	3.64	28.20	17.02	5.13	2.92	27.66	21.00
EBIT (Crs)	0.47	0.64	0.57	6.12	4.36	1.35	0.84	10.69	9.72
Capital Employed (Crs)	15.12	15.18	15.60	21.72	25.61	26.27	28.67	38.64	46.27
Return on Assets (%)	2.08	3.75	1.03	13.18	9.51	2.50	1.53	16.70	14.26
Net Profit (Crs)	0.34	0.81	0.23	3.62	3.07	0.83	0.51	7.23	7.20
Total Assets (Crs)	16.31	21.48	22.35	27.50	32.23	33.10	33.10	43.29	50.52
ROIC (%)	-3.97	-4.54	2.38	45.08	25.88	-0.88	0.16	29.20	36.24
Op Profit after Taxes (Crs)	-0.39	-0.41	0.21	5.54	2.72	-0.08	0.02	4.66	6.65
Invested Capital (Crs)	9.77	8.96	9.00	12.28	10.51	9.46	14.64	15.95	18.36
ROE (%)	2.23	4.33	1.23	16.28	12.20	3.24	1.81	20.72	17.48
Net Profit Margin (%)	2.69	3.02	0.75	8.72	8.37	3.36	1.41	14.11	13.37
Asset Turnover ratio	0.77	1.24	1.38	1.51	1.14	0.74	1.08	1.18	1.07
Equity Multiplier	1.07	1.16	1.20	1.24	1.28	1.30	1.19	1.24	1.23
Adjusted EPS	8.40	19.94	5.68	89.72	75.90	20.48	12.53	179	178
Valuation Ratios
P/E	46.73	20.54	62.15	3.49	3.60	25.59	46.20	5.16	13.55
Price to Book	1.04	0.89	0.76	0.57	0.44	0.83	0.84	1.07	2.37
EV/EBITDA	19.04	14.51	12.92	1.70	0.85	7.09	12.74	2.96	8.62
Dividend Yield (%)	0.64	0.61	0.00	0.80	4.58	0.00	0.52	2.17	1.24

Quarterly Results

Polychem Ltd.
Malpani Pipes&Fittin
Loading...
MCON Rasayan India
Loading...

In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	12.38	11.13	13.72	12.03	13.26	14.85	13.19	7.41	10.47	10.59
Operating Expenses	10.22	10.28	11.73	10.09	11.08	12.23	11.07	7.93	9.26	9.69
Increase/Decrease in Stock	-0.16	-2.00	0.95	-0.36	-0.60	0.19	1.48	-0.18	-1.44	-0.40
Raw Material	4.29	5.24	3.86	4.47	4.95	5.04	2.79	1.59	4.16	3.58
Employee Cost	1.58	1.85	1.77	1.63	1.90	1.71	1.64	1.97	1.59	1.88
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	2.16	0.86	1.99	1.95	2.18	2.62	2.12	-0.53	1.21	0.89
Other Income	0.38	1.72	0.52	0.38	0.48	0.57	0.55	0.70	0.36	0.63
Interest	0.02	0.02	0.03	0.04	0.04	0.04	0.04	0.04	0.03	0.03
PBDT	2.52	2.56	2.49	2.29	2.63	3.16	2.64	0.14	1.54	1.49
Depreciation and Amortization	0.19	0.27	0.24	0.26	0.26	0.26	0.22	0.26	0.26	0.28
Profit Before Tax	2.33	2.29	2.25	2.03	2.37	2.90	2.42	-0.12	1.28	1.21
Tax	0.45	0.13	0.32	0.37	0.45	0.22	0.68	0.08	0.17	0.03
Profit After Tax	1.88	2.16	1.93	1.66	1.92	2.68	1.75	-0.20	1.11	1.18
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	1.55	1.50	1.60	1.51	1.74	2.35	1.51	-0.46	0.88	0.90
Quarterly Ratios
EPS	38.37	37.01	39.65	37.38	43.14	58.12	37.50	-11.44	21.86	22.15
Operating Profit Margin	17.43	7.71	14.53	16.17	16.47	17.64	16.10	-7.10	11.55	8.42
Net Profit Margin	15.21	19.42	14.10	13.80	14.50	18.03	13.25	-2.69	10.60	11.18

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

37.00%

Implied Growth Rate over a 5 year period*

12.50%

Implied Growth Rate over a 10 year period*

5.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Polychem Ltd. Financials

How strong is Polychem balance sheet?

Balance sheet of Polychem is strong.
It shouldn't have solvency or liquidity issues.

Is the debt of Polychem increasing or decreasing?

Yes, The net debt of Polychem is increasing.
Latest net debt of Polychem is -₹4.59 Crs as of Mar-25.
This is greater than Mar-24 when it was -₹10.11 Crs.

Is the profitablity of Polychem improving?

No, profit is decreasing.
The profit of Polychem is ₹3.84 Crs for TTM, ₹7.2 Crs for Mar 2024 and ₹7.23 Crs for Mar 2023.

Does Polychem pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Polychem latest dividend payout ratio is 16.83% and 3yr average dividend payout ratio is 17.32%

How has Polychem allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

Ideas Dashboard

Timeline

Watchlist

Portfolio

Alerts

Research

Stock Screener

Market

Raw Material

Polychem Ltd.

Polychem Ltd.

Has the share price of Polychem grown faster than its competition?

Is Polychem stock expensive?

How strong is Polychem balance sheet?

Is the debt of Polychem increasing or decreasing?

Is the profitablity of Polychem improving?

Does Polychem pay decent dividends?

How has Polychem allocated its funds?

SIGN UP FOR FREE