Solve Plastic

  • Market Cap: Micro Cap
  • Industry: Diversified consumer products
  • ISIN: INE0U0201016
  • NSEID: BALCO
  • BSEID:
INR
24.75
-1.45 (-5.53%)
BSENSE

Dec 18

BSE+NSE Vol: 1200

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.2 k

Shareholding (Sep 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

63.33%

Who are the top shareholders of the Solve?

06-Jun-2025

The top shareholder of Solve is Sudheer Kumar Balakrishnan Nair, holding 40.9% of shares, with individual investors owning 34.92%. The highest public shareholder is Rajan Nair Gangadharan at 1.72%, and there are no pledged promoter holdings or institutional investors.

The top shareholders of Solve include the promoters, with Sudheer Kumar Balakrishnan Nair holding the largest share at 40.9%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Rajan Nair Gangadharan, who owns 1.72%. Additionally, individual investors collectively hold 34.92% of the company's shares.

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What does Solve do?

06-Jun-2025

Solve Plastic Products Ltd is a micro-cap company in the diversified consumer products industry, incorporated in 1994 and publicly listed as of March 2024, with no recent sales or profit data available. Its market cap is Rs 14 Cr, with a high debt-equity ratio of 2.83 and a negative return on equity of -109.16%.

Overview:<BR>Solve Plastic Products Ltd operates in the diversified consumer products industry and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated as Solve Plastic Products Private Limited in 1994. It later converted to a public limited company and changed its name to Solve Plastic Products Limited on March 05, 2024. There is no recent sales or profit data reported.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: Rs 14 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A<BR>Industry P/E: 41<BR>Dividend Yield: 0.00%<BR>Debt-Equity: 2.83<BR>Return on Equity: -109.16%<BR>Price-to-Book: 3.12<BR><BR>Contact Details:<BR>Registrar Address: Not available.

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When is the next results date for Solve?

06-Jun-2025

No Upcoming Board Meetings

Has Solve declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Solve?

04-Jun-2025

Peers of Solve include Kajaria Ceramics, Safari Inds., Cera Sanitary, V I P Inds., Borosil, Pokarna, Nitco, Olympic Cards, Ahimsa Industrie, and Sanco Industries. Key insights show varying management risks, growth rates, and capital structures, with Pokarna leading in 1-year returns at 86.66% and Olympic Cards at -18.11%.

Peers: Kajaria Ceramics, Safari Inds., Cera Sanitary., V I P Inds., Borosil, Pokarna, Nitco, Olympic Cards, Ahimsa Industrie, Sanco Industries.<BR><BR>Quality Snapshot: Excellent management risk is observed at Kajaria Ceramics, Safari Inds., and Cera Sanitary., while Average management risk is found at V I P Inds. and Pokarna. Below Average management risk is noted for Borosil, Nitco, Olympic Cards, Ahimsa Industrie, and Sanco Industries. Growth is rated as Excellent for Borosil, Good for Safari Inds., and Average for Pokarna, while Below Average growth is seen in Kajaria Ceramics, Cera Sanitary., V I P Inds., Nitco, Olympic Cards, Ahimsa Industrie, and Sanco Industries. Capital Structure is Excellent for Kajaria Ceramics, Safari Inds., Cera Sanitary., and Borosil, while Below Average is noted for V I P Inds., Pokarna, Nitco, Olympic Cards, Ahimsa Industrie, and Sanco Industries.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Pokarna at 86.66%, while the lowest is Olympic Cards at -18.11%. Solve's own 1-year return is 0.00%, which is lower than both the highest and lowest peers. Additionally, the six-month return is negative for V I P Inds., Borosil, Olympic Cards, and Ahimsa Industrie.

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Is Solve overvalued or undervalued?

09-Jun-2025

As of May 26, 2025, Solve's valuation has shifted to "risky" due to poor financial ratios, including a PE of -2.96 and an EV to EBITDA of -6.73, indicating it is overvalued compared to peers like Supreme Industries and Finolex Industries, and it has underperformed the Sensex with a year-to-date return of -28.19%.

As of 26 May 2025, the valuation grade for Solve has moved from does not qualify to risky, indicating a significant change in its perceived investment quality. The company appears to be overvalued based on its financial ratios, which include a PE ratio of -2.96, an EV to EBITDA of -6.73, and a ROE of -109.16%. These figures suggest that the company is struggling to generate profits and is facing substantial financial challenges.<BR><BR>In comparison to its peers, Solve's valuation metrics are starkly unfavorable. For instance, Supreme Industries Ltd. has a PE ratio of 57.34 and an EV to EBITDA of 37.87, while Finolex Industries Ltd. shows a PE of 28.37 and an EV to EBITDA of 24.37. This stark contrast highlights that Solve is not only underperforming but is also significantly overvalued relative to its industry peers. Additionally, the company's stock has underperformed the Sensex, with a year-to-date return of -28.19% compared to the Sensex's 6.23%, reinforcing the notion that Solve's current valuation does not align with its financial performance.

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What is the technical trend for Solve?

09-Jun-2025

As of June 4, 2025, the technical trend for Solve is mildly bullish, supported by the weekly MACD and On-Balance Volume, despite indecision indicated by the RSI and Bollinger Bands.

As of 4 June 2025, the technical trend for Solve has changed from sideways to mildly bullish. The weekly MACD indicates a mildly bullish stance, while the On-Balance Volume (OBV) also supports this with a mildly bullish reading. However, the RSI shows no signal and the Bollinger Bands are sideways on the weekly timeframe, indicating some indecision. The Dow Theory reflects no trend on both weekly and monthly timeframes. Overall, the current stance is mildly bullish, driven primarily by the MACD and OBV indicators.

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How big is Solve Plastic?

24-Jul-2025

As of 24th July, Solve Plastic Products Ltd has a market capitalization of 15.00 Cr, classifying it as a Micro Cap company. There is no valid financial data available for Net Sales or Net Profit for the latest four quarters.

As of 24th July, <BR><BR>Market Cap: Solve Plastic Products Ltd has a market capitalization of 15.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid financial data available for Net Sales or Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2024, with Shareholder's Funds amounting to 4.39 Cr and Total Assets valued at 20.97 Cr.

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How has been the historical performance of Solve Plastic?

15-Nov-2025

Solve Plastic's historical performance has been declining, with net sales dropping from INR 60.77 crore in March 2023 to INR 41.46 crore in March 2025, resulting in negative operating profit and losses in profit before and after tax. Despite increasing total assets and liabilities, the company has faced significant financial challenges, including negative cash flow from operating activities.

Answer:<BR>The historical performance of Solve Plastic shows significant fluctuations in key financial metrics over the past four years.<BR><BR>Breakdown:<BR>Solve Plastic's net sales have declined from INR 60.77 crore in March 2023 to INR 41.46 crore in March 2025. The total operating income followed a similar trend, decreasing from INR 60.77 crore in March 2023 to INR 41.46 crore in March 2025. The raw material costs have also decreased from INR 44.89 crore in March 2023 to INR 29.23 crore in March 2025. However, total expenditure, excluding depreciation, rose from INR 58.81 crore in March 2023 to INR 45.41 crore in March 2025, leading to an operating profit (PBDIT) that turned negative, reaching -INR 3.57 crore in March 2025 compared to a profit of INR 3.44 crore in March 2023. Consequently, the profit before tax dropped to -INR 5.51 crore in March 2025, and the profit after tax also fell to -INR 4.79 crore. The earnings per share (EPS) reflected this downturn, showing a loss of -INR 10.96 in March 2025, down from a profit of INR 4.63 in March 2024. On the balance sheet, total liabilities increased to INR 22.29 crore in March 2025 from INR 17.03 crore in March 2022, while total assets rose to INR 22.29 crore in March 2025, indicating a growing financial base despite the losses. Cash flow from operating activities turned negative at -INR 3.00 crore in March 2025, contrasting with positive cash flows in previous years, although cash flow from financing activities provided a net inflow of INR 6.00 crore. Overall, Solve Plastic's financial performance has shown a concerning trend with declining revenues and profits, alongside increasing liabilities.

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Why is Solve Plastic falling/rising?

18-Dec-2025

As of 17-Dec, the stock price of Solve Plastic Products Ltd is stable at 26.20, but it has declined 42.29% year-to-date. Despite recent short-term gains and increased investor interest, the stock remains below its long-term moving averages, indicating a continued downward trend.

As of 17-Dec, the stock price of Solve Plastic Products Ltd is currently stable at 26.20, showing no change from the previous trading session. Despite this stability, the stock has experienced a notable decline over the year-to-date, with a decrease of 42.29%, while the benchmark Sensex has increased by 9.19% during the same period. <BR><BR>In the short term, the stock has shown some positive movement, with a 4.80% increase over the past week, outperforming the Sensex, which only rose by 0.24%. Additionally, there has been a significant rise in investor participation, as evidenced by a 75% increase in delivery volume on December 12 compared to the 5-day average. This suggests growing interest in the stock, which may contribute to its recent performance.<BR><BR>However, the stock remains below its longer-term moving averages, indicating that while there may be short-term gains, the overall trend is still downward when viewed over a longer horizon. The liquidity of the stock is adequate, allowing for trades without significant issues. Overall, while there are signs of short-term improvement, the long-term performance remains concerning, contributing to the perception of the stock's decline.

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iScoreScore
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Strong Sell
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stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Diversified consumer products

stock-summary
Market cap

INR 11 Cr (Micro Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.76

stock-summary
Return on Equity

-46.06%

stock-summary
Price to Book

1.10

Revenue and Profits:
Net Sales:
(Quarterly Results - )
Net Profit:
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-22.29%
0%
-22.29%
6 Months
-17.09%
0%
-17.09%
1 Year
-46.31%
0%
-46.31%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Solve Plastic for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions
News
Announcements stock-summary
Icon
No announcement available
Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
-9.00%
EBIT Growth (5y)
-259.92%
EBIT to Interest (avg)
-0.66
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0.69
Sales to Capital Employed (avg)
2.26
Tax Ratio
13.25%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
-14.67%
ROE (avg)
23.67%
Valuation key factors
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
1.10
EV to EBIT
-3.94
EV to EBITDA
-4.89
EV to Capital Employed
1.06
EV to Sales
0.47
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-26.82%
ROE (Latest)
-46.06%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Sudheer Kumar Balakrishnan Nair (40.9%)

Highest Public shareholder

None

Individual Investors Holdings

32.58%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "alert": "No Quarterly Results declared by Solve Plastic"
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 2.10% vs 6.47% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is 114.79% vs -45.64% in Mar 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "21.83",
          "val2": "21.38",
          "chgp": "2.10%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1.24",
          "val2": "-3.09",
          "chgp": "140.13%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.53",
          "val2": "0.35",
          "chgp": "51.43%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "0.42",
          "val2": "-2.84",
          "chgp": "114.79%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "5.68%",
          "val2": "-14.45%",
          "chgp": "20.13%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Solve Plastic"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Standalone) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is -10.24% vs -23.99% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is -437.32% vs 18.33% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "41.46",
          "val2": "46.19",
          "chgp": "-10.24%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-3.95",
          "val2": "2.76",
          "chgp": "-243.12%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.99",
          "val2": "1.51",
          "chgp": "-34.44%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-4.79",
          "val2": "1.42",
          "chgp": "-437.32%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-9.53%",
          "val2": "5.98%",
          "chgp": "-15.51%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]
Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary
Sep'25
Mar'25
Change(%)
Net Sales
21.83
21.38
2.10%
Operating Profit (PBDIT) excl Other Income
1.24
-3.09
140.13%
Interest
0.53
0.35
51.43%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.42
-2.84
114.79%
Operating Profit Margin (Excl OI)
5.68%
-14.45%
20.13%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 2.10% vs 6.47% in Mar 2025

Direction Arrows
Standalone Net Profit

Growth in half year ended Sep 2025 is 114.79% vs -45.64% in Mar 2025

Annual Results Snapshot (Standalone) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
41.46
46.19
-10.24%
Operating Profit (PBDIT) excl Other Income
-3.95
2.76
-243.12%
Interest
0.99
1.51
-34.44%
Exceptional Items
0.00
0.00
Standalone Net Profit
-4.79
1.42
-437.32%
Operating Profit Margin (Excl OI)
-9.53%
5.98%
-15.51%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -10.24% vs -23.99% in Mar 2024

Direction Arrows
Standalone Net Profit

YoY Growth in year ended Mar 2025 is -437.32% vs 18.33% in Mar 2024

stock-summaryCompany CV
About Solve Plastic Products Ltd stock-summary
stock-summary
Solve Plastic Products Ltd
Micro Cap
Diversified consumer products
Solve Plastic Products Limited was originally incorporated as `Solve Plastic Products Private Limited' on October 04, 1994 issued by Registrar of Companies, Ernakulam. Subsequently, Company converted into Public Limited and the name was changed to "Solve Plastic Products Limited" vide a fresh Certificate of Incorporation dated March 05, 2024 issued by Registrar of Companies, Central Processing Centre.
Company Coordinates stock-summary
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No Company Details Available