Command Polymers (BSE 543843)₹20.000.00%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Command Polymers reported sales of ₹8.61 Cr, up 279.3% from Mar 2025, and net profit of ₹3.82 Cr, up 855.0% year on year. For the year to Mar 2026, sales were ₹10.73 Cr and net profit ₹0.51 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 20.59 | 6.66 | 4.29 | 9.12 | 2.27 | 2.11 | 8.61 |
| Expenses | 19.46 | 6.22 | 5.60 | 8.42 | 1.12 | 4.77 | 4.36 |
| Operating Profit | 1.28 | 0.49 | −1.28 | 0.76 | 1.18 | −2.64 | 4.31 |
| OPM % | 6.2% | 7.2% | −29.4% | 8.2% | 51.4% | −124.0% | 49.8% |
| Other Income | 0.07 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.04 |
| Interest | 0.41 | 0.27 | 0.41 | 0.30 | 0.53 | 0.30 | 0.39 |
| Depreciation | 0.25 | 0.28 | 0.41 | 0.38 | 0.34 | 0.37 | 0.34 |
| Profit before tax | 0.66 | −0.08 | −2.09 | 0.06 | 0.30 | −3.31 | 3.58 |
| Tax % | 28.4% | 644.5% | 19.1% | 114.3% | −29.0% | 0.0% | −6.7% |
| Net Profit | 0.47 | −0.67 | −2.50 | 0.00 | 0.40 | −3.31 | 3.82 |
| EPS (Rs) | 0.50 | −0.72 | −2.67 | 0.00 | 0.43 | −3.53 | 4.07 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 1.27 | 10.85 | 16.29 | 19.40 | 22.96 | 10.80 | 10.51 | 10.73 |
| Expenses | 0.73 | 10.27 | 15.48 | 18.08 | 21.63 | 11.57 | 9.54 | 9.11 |
| Operating Profit | 0.57 | 0.67 | 0.93 | 1.46 | 1.49 | −0.71 | 1.04 | 1.68 |
| OPM % | 43.8% | 6.1% | 5.7% | 7.5% | 6.5% | −6.4% | 9.8% | 15.6% |
| Other Income | 0.00 | 0.00 | 0.01 | 0.00 | 0.15 | −0.04 | 0.93 | 0.04 |
| Interest | 0.26 | 0.25 | 0.33 | 0.73 | 0.56 | 0.73 | 0.84 | 0.71 |
| Depreciation | 0.25 | 0.27 | 0.32 | 0.36 | 0.44 | 0.70 | 0.72 | 0.72 |
| Profit before tax | 0.02 | 0.11 | 0.26 | 0.34 | 0.61 | −2.19 | 0.38 | 0.26 |
| Tax % | 0.0% | 25.1% | 26.0% | −8.6% | 30.7% | −8.2% | −43.5% | −88.9% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | −0.05 | 0.00 | 0.00 |
| Net Profit | 0.02 | 0.08 | 0.19 | 0.37 | 0.41 | −2.01 | 0.55 | 0.51 |
| EPS (Rs) | 0.03 | 0.12 | 0.28 | 0.55 | 0.44 | −2.14 | 0.59 | 0.54 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6.81 | 6.82 | 6.82 | 6.82 | 9.36 | 9.35 | 9.36 | 9.35 |
| Reserves | 2.27 | 2.37 | 2.48 | 2.86 | 7.73 | 5.72 | 6.28 | 6.76 |
| Borrowings | 2.50 | 2.38 | 5.14 | 6.84 | 7.90 | 10.73 | 10.83 | 14.13 |
| Other Liabilities | 6.62 | 4.78 | 8.03 | 2.32 | 1.55 | 1.38 | 0.58 | 4.65 |
| Total Liabilities | 18.20 | 16.35 | 22.47 | 18.84 | 26.54 | 27.18 | 27.05 | 34.89 |
| Fixed Assets | 3.74 | 4.25 | 5.63 | 7.09 | 12.68 | 14.00 | 13.77 | 13.63 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.48 | 0.00 | 0.00 |
| Investments | 4.76 | 4.76 | 3.77 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 9.70 | 7.34 | 13.07 | 11.75 | 13.69 | 12.70 | 13.28 | 21.26 |
| Inventories | 0.27 | 1.58 | 5.81 | 3.97 | 3.64 | 7.69 | 8.22 | 12.13 |
| Trade receivables | 8.89 | 3.91 | 5.32 | 5.88 | 0.95 | 0.81 | 1.83 | 5.84 |
| Cash & equivalents | 0.10 | 0.05 | 0.02 | 0.03 | 7.45 | 0.53 | 0.81 | 0.35 |
| Total Assets | 18.20 | 16.35 | 22.47 | 18.84 | 26.54 | 27.18 | 27.05 | 34.89 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 1.11 | −1.75 | −3.66 | 5.83 | −5.08 | −0.16 | −1.78 |
| Cash from investing activity | −0.04 | −0.78 | −0.68 | 1.96 | −6.24 | −3.95 | 0.94 | −1.05 |
| Cash from financing activity | 0.00 | −0.40 | 2.44 | 1.72 | 7.64 | 2.14 | −0.78 | 2.62 |
| Net cash flow | −0.02 | −0.04 | −0.02 | 0.00 | 7.19 | −6.91 | 0.00 | −0.24 |
| Capex | 0.06 | 0.80 | 1.70 | 1.83 | 6.08 | 0.78 | 0.03 | 0.07 |
| Free cash flow | −0.03 | 0.32 | −3.44 | −5.48 | −0.21 | −5.80 | −0.18 | −1.84 |
| CFO / OP % | 4.0% | 171.1% | −189.0% | −252.0% | 401.1% | 710.1% | −16.0% | −107.0% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 2,537 | 130 | 118 | 109 | 14 | 26 | 62 | 197 |
| Inventory days | 189 | 57 | 140 | 82 | 62 | 258 | 327 | 508 |
| Days payable | 4,504 | 158 | 168 | 35 | 13 | 31 | 14 | 187 |
| Cash conversion cycle | −1,775 | 33 | 93 | 159 | 66 | 256 | 377 | 521 |
| Working capital days | 267 | 18 | 8 | 56 | 0 | 103 | 127 | 366 |
| ROCE % | — | 3.3% | 4.7% | 7.0% | 4.9% | −5.5% | 4.7% | 3.5% |
For the Mar 2026 quarter, Command Polymers reported sales of ₹8.61 Cr, up 279.3% year on year and net profit of ₹3.82 Cr, up 855.0% year on year. The operating margin was 49.8%.
Command Polymers' sales for the year to Mar 2026 were ₹10.73 Cr.
Net profit for the year to Mar 2026 was ₹0.51 Cr. Earnings per share over the same trailing period were ₹0.54.
Command Polymers reported borrowings of ₹14.13 Cr at Mar 2026, against cash and equivalents of ₹0.35 Cr.
Cash from operations was −₹1.78 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.84 Cr.