Ashish Polyplast

how big is Ashish Polyplast?

As of October 2023, Ashish Polyplast Ltd has a market capitalization of 13.00 Cr, classifying it as a Micro Cap company, with recent net sales of 16.01 Cr and a net profit of 0.24 Cr over the last four quarters. Shareholder's funds are 6.48 Cr, and total assets amount to 8.22 Cr as of March 2024.

Market Cap: Ashish Polyplast Ltd has a market capitalization of 13.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 16.01 Cr. The sum of Net Profit for the same period is 0.24 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: This is based on Standalone data for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 6.48 Cr, while Total Assets amount to 8.22 Cr.

What does Ashish Polyplast do?

Ashish Polyplast Ltd is a micro-cap manufacturer and exporter of premium braided and flexible PVC hoses, incorporated in 1994. As of March 2025, it reported net sales of 4 Cr and a market cap of Rs 13 Cr.

Overview:<BR>Ashish Polyplast Ltd is a distinguished manufacturer and exporter in the plastic products industry, specifically focusing on premium braided hoses and flexible PVC hoses, categorized as a micro-cap company.<BR><BR>History:<BR>Incorporated as a public limited company in February 1994, Ashish Polyplast Ltd has maintained its status as a manufacturer in the plastic products sector. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 4 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 0 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: Rs 13 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 13.00<BR>- Industry P/E: 41<BR>- Dividend Yield: 0.00%<BR>- Debt-Equity: -0.10<BR>- Return on Equity: 3.70%<BR>- Price to Book: 2.08<BR><BR>Contact Details:<BR>Address: A/305 Samudra Complex, Near Hotel Klassic Gold Ahmedabad Gujarat : 380006<BR>Tel: 91-79-26445495/26426758/26445090<BR>Email: realon@sify.com<BR>Website: http://www.ashishpolyplast.com

Who are in the management team of Ashish Polyplast?

As of March 2023, the management team of Ashish Polyplast includes Ashish Dahyabhai Panchal (Chairman & Managing Director), Kantaben Dahyabhai Panchal (Director), Rakeshbhai N Panchal (Independent Director), Aayushi Soni (Company Secretary & Compliance Officer), and Khushbu Mahendrabhai Kansara (Independent Director). They oversee the company's operations and strategic direction.

As of March 2023, the management team of Ashish Polyplast includes:<BR><BR>1. Ashish Dahyabhai Panchal - Chairman & Managing Director<BR>2. Kantaben Dahyabhai Panchal - Director<BR>3. Rakeshbhai N Panchal - Independent Director<BR>4. Aayushi Soni - Company Secretary & Compliance Officer<BR>5. Khushbu Mahendrabhai Kansara - Independent Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Has Ashish Polyplast declared dividend?

Yes, Ashish Polyplast Ltd has declared a 1% dividend, amounting to ₹0.20 per share, but the dividend yield is 0%. Despite the dividend, total returns have primarily come from price appreciation, with significant gains over longer periods.

Ashish Polyplast Ltd has declared a 1% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 1%<BR>- Amount per share: 0.2000<BR>- Ex-date: 29 Aug 13<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>Over the 6-month period, the price return was -33.71%, with a dividend return of 0%, resulting in a total return of -33.71%.<BR><BR>In the 1-year period, the price return was 1.84%, with a dividend return of 0%, leading to a total return of 1.84%.<BR><BR>For the 2-year period, the price return was 102.09%, with a dividend return of 0%, culminating in a total return of 102.09%.<BR><BR>During the 3-year period, the price return was 25.65%, with a dividend return of 0%, which resulted in a total return of 25.65%.<BR><BR>In the 4-year period, the price return was 223.85%, with a dividend return of 0%, yielding a total return of 223.85%.<BR><BR>Over the 5-year period, the price return was 957.38%, with a dividend return of 0%, producing a total return of 957.38%.<BR><BR>Overall, while Ashish Polyplast Ltd has declared a dividend, the dividend yield remains at 0%, indicating that the dividend has not contributed to returns in recent periods. The total returns over various periods show significant price appreciation, particularly over longer time frames.

Who are the peers of the Ashish Polyplast?

Ashish Polyplast's peers include Supreme Inds., Astral, Finolex Inds., Garware Hi Tech, Shaily Engineer., Kkalpana Plastic, Bloom Dekor, and Polymac Thermof. It has below-average management risk and growth, with a 1-year return of 0.13%, higher than Polymac Thermof's -67.22%.

Peers: The peers of Ashish Polyplast are Supreme Inds., Astral, Finolex Inds., Garware Hi Tech, Shaily Engineer., Kkalpana Plastic, Bloom Dekor, and Polymac Thermof.<BR><BR>Quality Snapshot: Excellent management risk is observed at Supreme Inds., while Good management risk is found at Astral, Finolex Inds., and Shaily Engineer., and Average management risk is noted at Garware Hi Tech. Below Average management risk is present at Ashish Polyplast and Polymac Thermof., while Kkalpana Plastic and Bloom Dekor do not qualify. Growth is Average at Garware Hi Tech, while Good growth is seen at Astral and Shaily Engineer., and Below Average growth is noted at Finolex Inds., Ashish Polyplast, and Polymac Thermof. Kkalpana Plastic and Bloom Dekor do not qualify for growth. Excellent capital structure is found at Supreme Inds., Astral, Finolex Inds., and Garware Hi Tech, while Good capital structure is observed at Ashish Polyplast and Shaily Engineer., and Below Average capital structure is noted at Polymac Thermof.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Garware Hi Tech at 156.95%, while the peer with the lowest is Polymac Thermof. at -67.22%. Ashish Polyplast's 1-year return of 0.13% is higher than that of Polymac Thermof. Negative six-month returns are noted for Finolex Inds., Ashish Polyplast, Kkalpana Plastic, and Polymac Thermof.

What is the technical trend for Ashish Polyplast?

As of June 6, 2025, Ashish Polyplast's trend has shifted to bearish with moderate strength, driven by bearish daily moving averages and Bollinger Bands, despite mixed signals from the MACD and KST.

As of 6 June 2025, the technical trend for Ashish Polyplast has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages which are bearish, and both the weekly and monthly Bollinger Bands also indicating a bearish trend. The MACD shows a mildly bullish signal on the weekly but is mildly bearish on the monthly, suggesting mixed signals in the short term. The KST is mildly bullish weekly but bears a mildly bearish outlook monthly. Overall, the bearish sentiment is reinforced by the recent price action, with the stock down 6.52% over the past week compared to a positive return in the Sensex.

Who are the top shareholders of the Ashish Polyplast?

The top shareholder of Ashish Polyplast is Ashish Dahyabhai Panchal, holding 54.73% of the shares, with no pledged promoter holdings. The highest public shareholder is Sangeetha S at 3.3%, while individual investors collectively own 32.5%.

The top shareholders of Ashish Polyplast are primarily the promoters, with Ashish Dahyabhai Panchal holding the largest share at 54.73%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) involved. The highest public shareholder is Sangeetha S, who holds 3.3% of the shares. Additionally, individual investors collectively hold 32.5% of the company.

How has been the historical performance of Ashish Polyplast?

Ashish Polyplast's historical performance has shown mixed results, with net sales peaking at 16.24 Cr in March 2022 but declining to 15.94 Cr in March 2024, while profitability metrics like operating profit and profit after tax have decreased significantly. Despite an increase in total assets from 6.69 Cr in March 2020 to 8.07 Cr in March 2025, the company faces challenges in maintaining profitability.

Answer:<BR>The historical performance of Ashish Polyplast shows a mixed trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Ashish Polyplast's net sales have shown slight fluctuations, with a peak of 16.24 Cr in March 2022, followed by a decline to 15.94 Cr in March 2024 and a marginal increase to 16.01 Cr in March 2025. Total operating income has mirrored this trend, remaining relatively stable around the 16 Cr mark. The raw material costs increased from 10.45 Cr in March 2020 to 13.80 Cr in March 2025, impacting the overall expenditure, which has also risen from 12.27 Cr in March 2020 to 15.39 Cr in March 2025. Operating profit (PBDIT) has fluctuated, reaching 0.75 Cr in March 2025, down from 1.37 Cr in March 2024. Profit before tax saw a decrease to 0.38 Cr in March 2025 from 0.98 Cr in March 2024, while profit after tax also declined to 0.25 Cr in March 2025 from 0.84 Cr in March 2024. The company's total assets increased from 6.69 Cr in March 2020 to 8.07 Cr in March 2025, while total liabilities peaked at 8.22 Cr in March 2024 before slightly decreasing to 8.07 Cr in March 2025. The cash flow from operating activities was positive at 1.00 Cr in March 2024, but the financing activities showed a negative cash flow of -1.00 Cr in the same period. Overall, the company's financial performance reflects challenges in profitability despite growth in total assets.

How has been the historical performance of Ashish Polyplast?

Ashish Polyplast has shown stable net sales and operating income over the past three years, but profitability metrics, including profit before tax and earnings per share, have declined in the most recent year. Total assets and liabilities decreased slightly, while book value per share increased, indicating a positive trend in shareholder equity.

Answer:<BR>The historical performance of Ashish Polyplast shows a mixed trend over the years, with fluctuations in key financial metrics.<BR><BR>Breakdown:<BR>Ashish Polyplast's net sales have shown slight variations, with figures of 16.01 Cr in Mar'25, 15.94 Cr in Mar'24, and 16.03 Cr in Mar'23, indicating a relatively stable revenue stream over the last three years. However, the total operating income has also remained consistent, reflecting similar values. The raw material cost increased to 13.80 Cr in Mar'25 from 12.96 Cr in Mar'24, while total expenditure slightly rose to 15.39 Cr in Mar'25. Operating profit, excluding other income, was 0.62 Cr in Mar'25, showing a marginal increase from 0.61 Cr in Mar'24. Profit before tax decreased to 0.38 Cr in Mar'25 from 0.98 Cr in Mar'24, leading to a profit after tax of 0.25 Cr in Mar'25, down from 0.84 Cr in Mar'24. The company's earnings per share (EPS) dropped significantly to 0.74 in Mar'25 from 2.47 in Mar'24. On the balance sheet, total assets were reported at 8.07 Cr in Mar'25, a slight decrease from 8.22 Cr in Mar'24, while total liabilities also decreased to 8.07 Cr in Mar'25 from 8.22 Cr in Mar'24. The book value per share adjusted increased to 19.77 in Mar'25 from 19.08 in Mar'24, indicating a positive trend in shareholder equity. Overall, while Ashish Polyplast has maintained stable sales and operating income, profitability metrics have shown a decline in the most recent year.

Is Ashish Polyplast overvalued or undervalued?

As of November 12, 2025, Ashish Polyplast is considered very expensive and overvalued, with a PE ratio of -203.85, a declining stock performance of 40.74% over the past year, and concerning financial metrics compared to its peers.

As of 12 November 2025, the valuation grade for Ashish Polyplast has moved from expensive to very expensive. The company is currently overvalued, as indicated by its PE ratio of -203.85, which is significantly higher than its peers, such as Finolex Industries with a PE of 24.16 and Time Technoplast at 24.06. Additionally, the EV to EBITDA ratio stands at 12.23, aligning with the industry trend but still reflecting a premium valuation compared to its more reasonably priced competitors.<BR><BR>The company's financial performance shows a ROCE of 4.91% and a negative ROE of -0.89%, which raises concerns about its profitability and return on equity. In contrast, peers like Supreme Industries and Astral are also classified as very expensive but maintain positive financial metrics. Recent stock performance reveals a decline of 40.74% over the past year, while the Sensex has risen by 7.36%, further supporting the conclusion that Ashish Polyplast is overvalued in the current market environment.

When is the next results date for Ashish Polyplast Ltd?

The next results date for Ashish Polyplast Ltd is 14 May 2026.

The next results date for Ashish Polyplast Ltd is scheduled for 14 May 2026.

Are Ashish Polyplast Ltd latest results good or bad?

The latest results for Ashish Polyplast Ltd are largely negative, showing a net loss of ₹0.34 crores in Q4 FY26 despite revenue growth. The significant drop in operating margin and return on equity raises concerns about the company's profitability and operational challenges.

The latest results for Ashish Polyplast Ltd present a mixed picture, but overall, they lean towards the negative side. In Q4 FY26, the company reported a net loss of ₹0.34 crores, which is a significant decline from a profit of ₹0.15 crores in the previous quarter (Q3 FY26). This indicates that despite a year-on-year revenue growth of 10.66% and a sequential growth of 14.41%, the company struggled to translate this top-line growth into profitability.<BR><BR>The operating margin also saw a concerning drop from 5.37% in Q3 FY26 to just 2.72% in Q4 FY26, highlighting increasing cost pressures or pricing challenges. Furthermore, the company's return on equity (ROE) has fallen to a mere 1.00%, significantly below the historical average, raising serious concerns about its ability to generate shareholder value.<BR><BR>Additionally, the company experienced a sharp negative swing in other income, which turned to -₹0.41 crores in Q4, further exacerbating the losses. The overall financial performance suggests that Ashish Polyplast is facing significant operational challenges, and the lack of institutional interest in its stock reflects broader investor concerns about its sustainability and growth prospects.<BR><BR>In summary, while there are some positive aspects like revenue growth, the underlying profitability issues and operational challenges indicate that the latest results are not favorable for Ashish Polyplast Ltd.

Should I buy, sell or hold Ashish Polyplast Ltd?

Why is Ashish Polyplast Ltd falling/rising?

As of 02-Jun, Ashish Polyplast Ltd's stock price is at 28.95, down 0.48% and has declined 1.4% over the last two days. Despite recent investor interest, the stock has significantly underperformed year-to-date and over the past year, contributing to negative market sentiment.

As of 02-Jun, Ashish Polyplast Ltd's stock price is currently at 28.95, reflecting a decrease of 0.14 or 0.48%. The stock has been experiencing a decline, having fallen consecutively for the last two days, resulting in a total drop of 1.4% during this period. Additionally, the stock has underperformed its sector by 0.59% today.<BR><BR>In terms of performance relative to benchmarks, while the stock has shown positive returns over the past week and month, it has significantly underperformed year-to-date and over the past year, with declines of 16.64% and 27.35%, respectively. This long-term underperformance may contribute to negative sentiment among investors.<BR><BR>Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 190.86% compared to the 5-day average. However, the stock's current price is higher than its 5-day moving average but lower than its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed technical outlook.<BR><BR>Overall, the combination of recent price declines, underperformance against benchmarks, and the current market sentiment appears to be driving the stock's falling price.

Which are the latest news on Ashish Polyplast?