Polson (BSE 507645)₹10,825+1.17%Specialty Chemicals
In the Mar 2026 quarter (standalone), Polson reported sales of ₹23.94 Cr, down 3.5% from Mar 2025, and net profit of ₹1.07 Cr, down 23.0% year on year. For the year to Mar 2026, sales were ₹91.17 Cr and net profit ₹4.72 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 29.67 | 22.23 | 20.30 | 24.16 | 24.71 | 21.13 | 22.58 | 24.81 | 23.53 | 21.55 | 22.11 | 23.94 |
| Expenses | 24.67 | 18.51 | 16.11 | 21.04 | 20.63 | 17.42 | 18.84 | 21.11 | 19.76 | 17.95 | 18.37 | 19.81 |
| Operating Profit | 4.91 | 3.69 | 4.14 | 3.10 | 4.01 | 3.69 | 3.69 | 3.67 | 3.75 | 3.56 | 3.70 | 4.07 |
| OPM % | 16.6% | 16.6% | 20.4% | 12.9% | 16.3% | 17.5% | 16.3% | 14.8% | 15.9% | 16.6% | 16.8% | 17.0% |
| Other Income | 0.41 | 0.30 | 0.21 | 0.36 | 0.32 | 0.25 | 0.30 | 0.95 | 0.34 | 0.44 | 0.45 | 0.34 |
| Interest | 1.20 | 0.86 | 0.95 | 1.01 | 0.93 | 0.92 | 0.82 | 0.97 | 0.88 | 0.79 | 0.98 | 0.83 |
| Depreciation | 1.39 | 1.43 | 1.55 | 1.36 | 1.43 | 1.43 | 1.43 | 1.73 | 1.52 | 1.52 | 1.52 | 1.82 |
| Profit before tax | 2.72 | 1.67 | 1.82 | 1.06 | 1.94 | 1.56 | 1.71 | 1.89 | 1.66 | 1.66 | 1.62 | 1.73 |
| Tax % | 26.4% | 26.8% | 24.1% | 49.6% | 26.7% | 27.4% | 27.3% | 26.8% | 27.0% | 27.0% | 25.8% | 37.4% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 2.01 | 1.22 | 1.39 | 0.54 | 1.42 | 1.14 | 1.24 | 1.39 | 1.22 | 1.21 | 1.20 | 1.07 |
| EPS (Rs) | 100.99 | 61.42 | 69.94 | 27.47 | 71.46 | 57.51 | 62.43 | 69.96 | 61.45 | 60.98 | 60.44 | 53.96 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 104 | 108 | 106 | 109 | 96.58 | 88.62 | 97.54 | 83.78 | 96.32 | 93.16 | 91.17 | 91.13 |
| Expenses | 88.63 | 88.85 | 86.92 | 92.51 | 79.84 | 72.75 | 81.78 | 69.43 | 80.30 | 78.00 | 75.87 | 75.89 |
| Operating Profit | 15.12 | 19.14 | 18.56 | 16.22 | 16.60 | 15.65 | 15.59 | 14.29 | 15.90 | 15.02 | 15.08 | 15.08 |
| OPM % | 14.6% | 17.7% | 17.6% | 15.0% | 17.2% | 17.7% | 16.0% | 17.1% | 16.6% | 16.1% | 16.6% | 16.6% |
| Other Income | 21.81 | 6.54 | 9.89 | 6.07 | 4.83 | 3.97 | 2.72 | 3.42 | 1.23 | 1.84 | 1.59 | 1.57 |
| Interest | 8.70 | 6.54 | 6.68 | 6.89 | 6.48 | 5.69 | 4.46 | 5.53 | 4.05 | 3.66 | 3.52 | 3.48 |
| Depreciation | 3.05 | 3.24 | 3.67 | 4.03 | 4.52 | 4.76 | 5.12 | 5.50 | 5.74 | 6.05 | 6.41 | 6.38 |
| Profit before tax | 25.12 | 15.82 | 18.06 | 11.33 | 10.39 | 9.11 | 8.67 | 6.63 | 7.30 | 7.11 | 6.69 | 6.67 |
| Tax % | 35.9% | 34.9% | 39.7% | 12.5% | 31.8% | 6.7% | 28.2% | 27.4% | 29.0% | 26.8% | 29.3% | — |
| Exceptional items | 9.52 | 0.93 | 3.39 | 0.00 | 0.00 | 0.02 | 0.07 | 0.88 | −0.05 | 0.47 | 0.00 | 0.00 |
| Net Profit | 16.10 | 10.30 | 10.87 | 9.90 | 7.07 | 8.51 | 6.21 | 4.81 | 5.19 | 5.21 | 4.72 | 4.70 |
| EPS (Rs) | 806.75 | 516.08 | 544.89 | 496.24 | 354.62 | 426.51 | 311.38 | 241.23 | 259.68 | 261.35 | 236.85 | 236.83 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 |
| Reserves | 45.41 | 61.56 | 69.20 | 80.31 | 90.27 | 95.88 | 104 | 111 | 116 | 121 | 126 | 131 |
| Borrowings | 91.00 | 67.35 | 62.88 | 74.35 | 69.24 | 65.41 | 45.57 | 59.89 | 49.71 | 38.20 | 43.04 | 35.18 |
| Other Liabilities | 43.51 | 25.03 | 31.59 | 25.07 | 22.23 | 22.47 | 21.42 | 21.24 | 15.26 | 20.65 | 19.21 | 23.27 |
| Total Liabilities | 181 | 155 | 164 | 180 | 182 | 184 | 172 | 193 | 182 | 181 | 189 | 190 |
| Fixed Assets | 83.57 | 85.90 | 85.05 | 94.53 | 97.99 | 106 | 110 | 119 | 116 | 119 | 121 | 122 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.95 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.14 | 1.16 | 1.42 | 0.00 | 0.00 |
| Other Assets | 92.01 | 68.65 | 79.23 | 85.81 | 84.36 | 78.83 | 61.01 | 72.52 | 64.83 | 60.68 | 67.82 | 68.14 |
| Inventories | 12.78 | 3.11 | 7.23 | 16.80 | 18.67 | 10.47 | 7.07 | 29.05 | 27.39 | 20.35 | 16.39 | 17.41 |
| Trade receivables | 16.86 | 25.63 | 28.46 | 23.94 | 25.91 | 22.29 | 18.28 | 13.55 | 12.13 | 14.03 | 11.88 | 14.31 |
| Cash & equivalents | 1.08 | 2.33 | 5.68 | 15.85 | 8.35 | 17.33 | 6.64 | 4.95 | 0.59 | 1.04 | 1.26 | 1.55 |
| Total Assets | 181 | 155 | 164 | 180 | 182 | 184 | 172 | 193 | 182 | 181 | 189 | 190 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 19.19 | 35.20 | 19.42 | 6.16 | 11.20 | 31.84 | 22.51 | 1.55 | 12.22 | 25.49 | 17.27 | 11.98 |
| Cash from investing activity | −45.98 | −0.30 | −8.69 | −11.36 | 0.28 | −21.96 | 3.32 | −8.92 | −0.08 | −9.71 | −18.68 | −4.86 |
| Cash from financing activity | 23.25 | −33.69 | −10.83 | 5.39 | −11.96 | −9.93 | −25.08 | 10.11 | −15.26 | −15.28 | 1.68 | −6.72 |
| Net cash flow | −3.60 | 1.26 | −0.11 | 0.17 | −0.50 | −0.09 | 0.73 | 2.72 | −3.12 | 0.46 | 0.22 | 0.40 |
| Capex | 55.97 | 7.59 | 2.86 | 9.68 | 7.66 | 11.56 | 9.24 | 14.15 | 13.09 | 10.10 | 21.25 | 5.93 |
| Free cash flow | −36.79 | 29.70 | 18.03 | 4.29 | 3.53 | 20.30 | 13.32 | −12.44 | 11.41 | 15.75 | −3.10 | 6.25 |
| CFO / OP % | 176.9% | 269.9% | 136.9% | 60.9% | 93.9% | 210.9% | 158.0% | 25.0% | 94.0% | 168.9% | 125.9% | 90.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 60 | 91 | 97 | 83 | 88 | 85 | 76 | 52 | 54 | 54 | 47 | 58 |
| Inventory days | 68 | 18 | 50 | 132 | 126 | 85 | 72 | 254 | 256 | 178 | 152 | 136 |
| Days payable | 79 | 74 | 93 | 97 | 82 | 98 | 133 | 108 | 50 | 90 | 85 | 66 |
| Cash conversion cycle | 49 | 34 | 53 | 117 | 131 | 70 | 14 | 197 | 258 | 141 | 114 | 127 |
| Working capital days | −47 | 16 | 11 | 33 | 56 | 17 | 18 | −14 | 24 | 15 | 31 | 65 |
| ROCE % | 14.6% | 14.3% | 16.1% | 13.4% | 11.6% | 10.6% | 9.5% | 8.1% | 6.5% | 7.1% | 6.2% | 6.1% |
For the Mar 2026 quarter, Polson reported sales of ₹23.94 Cr, down 3.5% year on year and net profit of ₹1.07 Cr, down 23.0% year on year. The operating margin was 17.0%.
Polson's sales for the year to Mar 2026 were ₹91.17 Cr; over the last twelve months they were ₹91.13 Cr.
Net profit for the year to Mar 2026 was ₹4.72 Cr, and ₹4.70 Cr over the last twelve months. Earnings per share over the same trailing period were ₹236.83.
Polson reported borrowings of ₹35.18 Cr at Mar 2026, against cash and equivalents of ₹1.55 Cr.
Cash from operations was ₹11.98 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹6.25 Cr.