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 17-Mar, Ashish Polyplast Ltd's stock price is currently at Rs 31.00, reflecting a 3.68% increase. Despite recent gains, the stock has declined 5.20% over the past month and 32.59% over the last year, with reduced investor participation indicating potential challenges.

As of 17-Mar, Ashish Polyplast Ltd's stock price is rising, currently at Rs 31.00, reflecting an increase of Rs 1.1 or 3.68%. This upward movement is supported by several factors. The stock has outperformed its sector by 2.21% today and has been on a gaining streak for the last three days, accumulating a total return of 9.46% during this period. Additionally, the stock opened with a significant gap up of 10.37% today and reached an intraday high of Rs 33.<BR><BR>Despite this positive performance, it is important to note that the stock has experienced a decline of 5.20% over the past month and a substantial drop of 32.59% over the last year. Furthermore, there has been a decrease in investor participation, with delivery volume falling by 32.81% compared to the 5-day average. While the stock is currently experiencing a rise, these longer-term trends and the drop in investor engagement could indicate underlying challenges.

Why is Ashish Polyplast Ltd falling/rising?

As of 18-Mar, Ashish Polyplast Ltd's stock price is rising to Rs 32.27, reflecting a 4.1% increase and a total gain of 13.95% over the last four days. Despite high volatility and a significant drop in delivery volume, the stock has shown strong intraday recovery and outperformed its sector.

As of 18-Mar, Ashish Polyplast Ltd's stock price is rising, currently at Rs 32.27, reflecting a change of Rs 1.27 or 4.1% increase. This upward movement is supported by the stock's performance over the last four days, during which it has gained a total of 13.95%. Additionally, the stock has outperformed the sector by 1.96% today.<BR><BR>Despite opening with a loss of 3.23%, the stock reached an intraday high of Rs 32.99, indicating a significant recovery during the trading session. The stock has shown high volatility today, with an intraday volatility of 6.25%, which suggests active trading and investor interest. However, it is important to note that there has been a decline in investor participation, as evidenced by a 79.73% drop in delivery volume compared to the 5-day average. <BR><BR>Overall, the combination of recent gains, intraday recovery, and sector outperformance contributes to the current rise in Ashish Polyplast Ltd's stock price.

Why is Ashish Polyplast Ltd falling/rising?

As of 19-Mar, Ashish Polyplast Ltd's stock price is at Rs 28.42, down 10.8% after a trend reversal. The stock has significantly underperformed its sector and is trading below all major moving averages, indicating a bearish trend.

As of 19-Mar, Ashish Polyplast Ltd's stock price is falling, currently at Rs 28.42, which reflects a decrease of Rs 3.44 or 10.8%. This decline follows a trend reversal after four consecutive days of gains. The stock has underperformed its sector by 8.29% today and has experienced high volatility, with an intraday volatility of 5.78%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.<BR><BR>In terms of broader performance, the stock has seen a significant decline over various periods, with a year-to-date drop of 18.17% and a one-year decrease of 38.62%. Although there was a rise in investor participation with a 103.43% increase in delivery volume on 18 March compared to the 5-day average, the overall market sentiment appears negative, as reflected by the performance of the Plastic Products sector, which has fallen by 2.57%. This combination of factors contributes to the current downward movement in Ashish Polyplast Ltd's stock price.

Why is Ashish Polyplast Ltd falling/rising?

As of 20-Mar, Ashish Polyplast Ltd's stock price is currently at Rs 31.00, reflecting a 4.38% increase today, although it has a year-to-date decline of 10.74% and a significant drop of 34.04% over the past year. The current rise is attributed to short-term trading dynamics, despite mixed technical indicators and declining investor participation.

As of 20-Mar, Ashish Polyplast Ltd's stock price is rising, currently at Rs 31.00, reflecting a change of Rs 1.3 or 4.38%. This increase is notable as the stock has outperformed its sector by 4.43% today. The stock reached an intraday high of Rs 31, indicating positive momentum during the trading session. <BR><BR>In the context of recent performance, the stock has shown a weekly gain of 7.68%, contrasting with a slight decline in the Sensex of 0.04%. However, it is important to note that the stock has experienced a year-to-date decline of 10.74% and a significant drop of 34.04% over the past year. Despite these longer-term challenges, the current rise can be attributed to today's trading activity, where the stock's performance has been bolstered by a higher trading volume compared to its recent lows.<BR><BR>Additionally, while the stock is currently trading above its 5-day and 20-day moving averages, it remains below the longer-term moving averages of 50, 100, and 200 days, indicating a mixed technical outlook. The falling investor participation, with a delivery volume drop of 84.74% against the 5-day average, suggests that while the stock is rising today, there may be underlying concerns regarding sustained interest from investors. Overall, the current rise in stock price appears to be driven by short-term trading dynamics rather than a reversal of the longer-term downward trend.

Why is Ashish Polyplast Ltd falling/rising?

As of 23-Mar, Ashish Polyplast Ltd's stock price is rising to 31.25, reflecting a 5.79% increase. Despite today's gains, the stock's long-term outlook remains weak due to poor performance over the past year and unfavorable fundamentals.

As of 23-Mar, Ashish Polyplast Ltd's stock price is rising, currently at 31.25, reflecting a change of 1.71 or 5.79% increase. This upward movement can be attributed to several factors. Notably, the stock has outperformed its sector by 10.16% today and has shown a trend reversal after two consecutive days of decline. It opened with a significant gain of 14.22%, reaching an intraday high of Rs 33.74.<BR><BR>Despite this positive performance today, the stock has experienced high volatility, with an intraday volatility of 9.3%. It has traded in a wide range of Rs 5.74, indicating fluctuating investor sentiment. However, it is important to note that the stock remains lower than its 50-day, 100-day, and 200-day moving averages, suggesting that while there is a short-term rise, the long-term trend may still be concerning.<BR><BR>Additionally, the stock's performance over the past year has been poor, with a return of -33.51%, significantly underperforming the market. This long-term decline is coupled with weak fundamentals, including a low return on capital employed (ROCE) of 4.18% and a high price-to-book value ratio of 1.5, indicating that the stock may be overvalued compared to its peers.<BR><BR>In summary, while Ashish Polyplast Ltd is experiencing a rise in stock price today due to short-term gains and a reversal of recent declines, the overall long-term outlook remains weak, which could impact future performance.

Why is Ashish Polyplast Ltd falling/rising?

As of 24-Mar, Ashish Polyplast Ltd's stock price is at 31.74, reflecting a 1.57% increase and a positive trend with a 7.45% gain over the last two days. Despite a year-to-date decline of 8.61%, the stock shows signs of recovery, outperforming the Sensex recently.

As of 24-Mar, Ashish Polyplast Ltd's stock price is rising, currently at 31.74, reflecting a change of 0.49 or 1.57% increase. The stock has shown a positive trend over the last two days, gaining 7.45% during this period. This upward movement is supported by a notable increase in investor participation, with a delivery volume of 585 on 23 March, which is up by 10.92% compared to the 5-day average delivery volume. Additionally, the stock's current price is higher than its 5-day, 20-day, and 50-day moving averages, indicating a short-term bullish trend. Despite a year-to-date decline of 8.61%, the recent performance suggests a recovery phase, particularly in contrast to the broader market, as the stock has outperformed the Sensex over the past week and month.

Why is Ashish Polyplast Ltd falling/rising?

As of 25-Mar, Ashish Polyplast Ltd's stock price is rising to 32.00, reflecting a notable increase of 0.82% over the last three days, with a total return of 8.33%. The stock has outperformed the Sensex and shows increased investor interest, indicated by a rise in delivery volume.

As of 25-Mar, Ashish Polyplast Ltd's stock price is rising, currently at 32.00, reflecting a change of 0.26 (0.82%) upward. This increase is notable as the stock has been gaining for the last three days, with a total return of 8.33% during this period. Additionally, the stock has outperformed the benchmark Sensex over the past week, which has declined by 1.87%, while Ashish Polyplast Ltd has seen a modest increase of 0.44%. <BR><BR>Investor participation appears to be increasing, as evidenced by a rise in delivery volume by 17.12% against the five-day average, indicating growing interest in the stock. Furthermore, the current price is above the 5-day, 20-day, and 50-day moving averages, which may suggest a positive short-term trend, although it remains below the 100-day and 200-day moving averages. <BR><BR>Overall, the combination of recent gains, increased investor participation, and relative outperformance against the benchmark contributes to the rising stock price of Ashish Polyplast Ltd.

Which are the latest news on Ashish Polyplast?