Axel Polymers quarterly results and financials

Axel Polymers (BSE 513642)₹42.30−6.83%(9 Nov 2026 close)Plastic Products - Industrial

Key facts

In the Mar 2026 quarter (standalone), Axel Polymers reported sales of ₹13.11 Cr, down 8.6% from Mar 2025, and net profit of −₹0.81 Cr, down 136.5% year on year. For the year to Mar 2026, sales were ₹44.39 Cr and net profit −₹1.12 Cr.

Sales (Mar 2026): ₹13.11 Cr
Net profit (Mar 2026): −₹0.81 Cr
Sales (FY Mar 2026): ₹44.39 Cr
Net profit (FY Mar 2026): −₹1.12 Cr
EPS (Mar 2026): ₹−0.76
Borrowings (Mar 2026): ₹29.82 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Axel Polymers quarterly results

₹ crore unless stated; each column is a quarter.

Axel Polymers Quarterly results
	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	25.82	30.95	38.68	37.32	42.28	13.88	11.12	14.35	11.71	10.73	8.87	13.11
Expenses	24.27	29.56	37.19	35.90	41.94	13.74	10.94	11.04	10.71	9.80	8.60	12.90
Operating Profit	1.54	1.40	1.48	1.44	0.32	0.16	0.17	3.31	1.01	0.94	0.28	0.25
OPM %	6.0%	4.5%	3.8%	3.8%	0.7%	1.1%	1.5%	23.1%	8.6%	8.7%	3.1%	1.8%
Other Income	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.08	0.00	0.01	0.02	0.04
Interest	0.79	0.77	0.66	0.61	0.74	0.84	0.80	0.81	0.81	0.78	0.76	0.69
Depreciation	0.13	0.13	0.13	0.35	0.13	0.13	0.13	0.21	0.16	0.16	0.16	0.29
Profit before tax	0.61	0.51	0.70	0.49	−0.54	−0.82	−0.77	2.36	0.05	0.00	−0.63	−0.70
Tax %	0.0%	0.0%	2.9%	114.7%	0.0%	0.0%	0.0%	6.0%	0.0%	0.0%	0.0%	20.4%
Net Profit	0.61	0.49	0.66	−0.06	−0.52	−0.80	−0.75	2.22	0.03	0.00	−0.61	−0.81
EPS (Rs)	0.74	0.60	0.80	−0.09	−0.63	−0.96	−0.90	2.63	0.06	0.02	−0.57	−0.76

Axel Polymers profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Axel Polymers Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	18.55	21.95	26.98	24.36	22.92	48.35	72.99	82.74	128	78.18	44.39	44.42
Expenses	17.38	20.83	25.67	22.74	21.52	44.42	68.84	77.65	122	74.14	42.02	42.01
Operating Profit	1.17	1.14	1.33	1.67	1.40	3.92	4.12	5.14	5.82	3.97	2.44	2.48
OPM %	6.3%	5.2%	4.9%	6.8%	6.1%	8.1%	5.7%	6.2%	4.5%	5.1%	5.5%	5.6%
Other Income	0.07	0.26	0.03	0.01	0.01	0.39	0.54	0.27	0.03	0.13	0.11	0.07
Interest	0.83	0.92	0.78	0.90	0.96	3.31	2.83	3.15	2.84	3.22	3.07	3.04
Depreciation	0.26	0.22	0.29	0.34	0.37	0.43	0.49	0.55	0.71	0.57	0.74	0.77
Profit before tax	0.14	0.27	0.30	0.43	0.07	0.58	1.33	1.71	2.30	0.30	−1.27	−1.28
Tax %	0.0%	15.4%	17.3%	−6.8%	−12.4%	−15.7%	31.4%	30.7%	32.0%	42.0%	−10.3%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	0.14	0.21	0.22	0.46	0.08	0.65	0.91	1.17	1.55	0.16	−1.12	−1.39
EPS (Rs)	0.36	0.52	0.54	1.10	0.22	1.54	1.09	1.40	1.84	0.21	−1.04	−1.25
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Axel Polymers balance sheet

₹ crore, at each year end.

Axel Polymers Balance sheet
	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	4.31	4.31	4.31	4.32	4.32	4.31	8.53	8.56	8.55	8.54	8.55	11.04
Reserves	−3.45	−3.30	−3.10	−2.85	−2.38	−2.32	2.90	3.82	5.00	6.46	6.63	14.23
Borrowings	4.39	5.47	5.68	7.47	7.56	7.45	25.88	25.92	25.17	25.69	34.09	29.82
Other Liabilities	10.20	6.63	6.96	6.27	5.03	6.86	14.19	17.02	16.48	23.47	18.12	15.15
Total Liabilities	15.45	13.11	13.85	15.21	14.53	16.30	51.50	55.32	55.20	64.16	67.39	70.24
Fixed Assets	3.04	2.82	3.51	3.61	3.87	3.67	7.85	7.73	8.87	9.79	10.22	10.04
CWIP	0.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	12.12	10.29	10.34	11.60	10.66	12.63	43.65	47.59	46.33	54.37	57.17	60.20
Inventories	4.53	4.06	5.73	6.80	7.26	8.71	22.23	28.33	32.77	39.67	39.51	41.02
Trade receivables	5.49	4.39	2.05	2.72	1.77	2.11	13.28	11.43	7.70	10.96	11.07	9.53
Cash & equivalents	1.02	0.62	0.36	0.01	0.01	0.01	0.72	0.93	1.07	1.02	2.17	3.30
Total Assets	15.45	13.11	13.85	15.21	14.53	16.30	51.50	55.32	55.20	64.16	67.39	70.24

Axel Polymers cash flow

₹ crore, for each year.

Axel Polymers Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from operating activity	0.21	−1.76	1.13	−0.61	1.38	1.21	−1.72	3.19	5.95	3.46	−3.65
Cash from investing activity	−0.48	0.21	−0.71	−0.35	−0.59	−0.15	−0.02	−0.20	−1.58	−1.60	−0.88
Cash from financing activity	−0.09	1.09	−0.71	0.98	−0.80	−1.07	1.35	−2.82	−3.56	−1.93	5.70
Net cash flow	−0.33	−0.49	−0.26	0.01	0.00	0.00	−0.38	0.20	0.83	−0.04	1.15
Capex	0.04	0.07	0.89	0.38	0.59	0.15	0.38	0.36	1.66	1.62	0.98
Free cash flow	0.18	−1.82	0.29	−1.01	0.80	1.07	−2.13	2.84	4.31	1.85	−4.65
CFO / OP %	15.0%	−153.0%	104.0%	−43.0%	89.0%	88.0%	−41.0%	83.0%	122.0%	74.0%	−88.0%

Axel Polymers ratios

Working-capital days and returns, by year.

Axel Polymers Ratios
	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	123	86	34	37	26	33	100	57	34	31	52	78
Inventory days	126	102	122	112	145	183	218	166	167	125	215	436
Days payable	175	38	36	18	19	61	125	94	79	70	90	101
Cash conversion cycle	74	150	121	130	152	155	193	128	122	85	176	414
Working capital days	5	47	12	21	13	18	33	28	31	25	30	115
ROCE %	18.0%	17.0%	17.4%	13.7%	14.8%	11.1%	16.7%	11.1%	12.7%	13.0%	7.9%	3.5%

Axel Polymers: frequently asked questions

What are the latest quarterly results of Axel Polymers?

For the Mar 2026 quarter, Axel Polymers reported sales of ₹13.11 Cr, down 8.6% year on year and net profit of −₹0.81 Cr, down 136.5% year on year. The operating margin was 1.8%.

What is the annual revenue of Axel Polymers?

Axel Polymers' sales for the year to Mar 2026 were ₹44.39 Cr; over the last twelve months they were ₹44.42 Cr.

What is the net profit of Axel Polymers?

Net profit for the year to Mar 2026 was −₹1.12 Cr, and −₹1.39 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−1.25.

How much debt does Axel Polymers have?

Axel Polymers reported borrowings of ₹29.82 Cr at Mar 2026, against cash and equivalents of ₹3.30 Cr.

What is the free cash flow of Axel Polymers?

Cash from operations was −₹3.65 Cr in the year to Mar 2025; after capital spending, free cash flow was −₹4.65 Cr.

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