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 January 23, 2026.

The next results date for Ashish Polyplast Ltd is scheduled for January 23, 2026.

Are Ashish Polyplast Ltd latest results good or bad?

Ashish Polyplast Ltd's latest results show a return to profitability with a net profit of ₹0.15 crore, but revenue declined by 20.81% year-on-year, raising concerns. While the operating margin improved, the negative return on equity indicates ongoing challenges, suggesting a cautious outlook for investors.

Ashish Polyplast Ltd's latest results present a mixed picture. On one hand, the company returned to profitability with a net profit of ₹0.15 crore in Q3 FY26, a significant improvement from a loss of ₹0.07 crore in the previous quarter. This marks a positive turnaround in terms of profitability, as indicated by the operating margin rising to 5.37%, up from 2.71% in the prior quarter.<BR><BR>However, the company is facing significant challenges with its revenue. The net sales for the quarter were ₹3.54 crore, reflecting a 20.81% decline year-on-year and a 4.07% decrease compared to the previous quarter. This persistent drop in revenue is concerning, especially as it indicates ongoing struggles in a challenging industrial environment.<BR><BR>While the stock surged by 6.54% following the results announcement, it remains 34.19% below its 52-week high, suggesting that investor sentiment is cautious. The overall financial health is further complicated by a negative return on equity (ROE) of -0.85%, indicating that the company is currently destroying shareholder value rather than creating it.<BR><BR>In summary, while there are some positive signs in terms of profitability, the ongoing decline in revenue and negative returns on equity suggest that the overall results are more concerning than encouraging. Investors should be cautious and closely monitor the company's ability to stabilize its revenue and improve operational efficiency moving forward.

Should I buy, sell or hold Ashish Polyplast Ltd?

Why is Ashish Polyplast Ltd falling/rising?

As of 07-Feb, Ashish Polyplast Ltd's stock price is currently Rs 30.00, reflecting a significant decline of 36.44% over the past year, underperforming against the Sensex. The stock's weak fundamentals and high volatility contribute to negative investor sentiment.

As of 07-Feb, Ashish Polyplast Ltd's stock price is falling, currently at Rs 30.00, which represents a decrease of Rs 1.19 or 3.82%. The stock has underperformed significantly compared to the benchmark Sensex, which has gained 1.59% over the past week while Ashish Polyplast has declined by 4.55%. Over the past month, the stock has also fallen by 6.40%, contrasting with the Sensex's decline of only 1.74%. <BR><BR>The stock's performance year-to-date shows a decline of 13.62%, while the Sensex has decreased by just 1.92%. Over the past year, Ashish Polyplast has seen a substantial drop of 36.44%, while the Sensex has increased by 7.07%. This trend indicates a consistent underperformance relative to the broader market.<BR><BR>Today's trading session has been marked by high volatility, with the stock opening with a gain of 11.57% but quickly falling to an intraday low of Rs 30. The wide trading range of Rs 4.8 and the weighted average price being closer to the low price suggest that investor sentiment is weak. Furthermore, the stock is trading below all major moving averages, indicating a bearish trend.<BR><BR>The company's fundamentals also contribute to the negative sentiment. It has a weak long-term growth outlook, with a low Return on Capital Employed (ROCE) of 4.18% and poor sales growth of only 4.27% annually over the last five years. Additionally, the company's ability to service its debt is weak, as indicated by an average EBIT to Interest ratio of 0.29. With a Return on Equity (ROE) of 1 and a Price to Book Value of 1.4, the stock is considered expensive compared to its peers, further discouraging investment.<BR><BR>Overall, the combination of poor performance metrics, high volatility, and weak fundamentals is driving the stock price of Ashish Polyplast Ltd down.

Which are the latest news on Ashish Polyplast?