Loading…
Solve Plastic Products (BALCO)₹16.65+4.72%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Solve Plastic Products reported sales of ₹23.71 Cr, up 11.0% from Mar 2025, and net profit of ₹0.03 Cr. For the year to Mar 2026, sales were ₹45.49 Cr and net profit ₹0.45 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 23.56 | 22.58 | 20.04 | 21.36 | 21.80 | 23.71 |
| Expenses | 22.59 | 20.74 | 20.89 | 24.42 | 20.56 | 22.90 |
| Operating Profit | 0.94 | 1.84 | −0.87 | −3.09 | 1.24 | 0.84 |
| OPM % | 4.0% | 8.1% | −4.3% | −14.4% | 5.6% | 3.5% |
| Other Income | 0.48 | 0.47 | 0.19 | 0.16 | 0.41 | 0.10 |
| Interest | 0.76 | 0.73 | 0.63 | 0.34 | 0.52 | 0.50 |
| Depreciation | 0.37 | 0.42 | 0.46 | 0.51 | 0.48 | 0.50 |
| Profit before tax | 0.30 | 1.15 | −1.74 | −3.75 | 0.64 | −0.05 |
| Tax % | −62.0% | 17.2% | 11.5% | −24.5% | 36.9% | −133.3% |
| Net Profit | 0.48 | 0.97 | −1.96 | −2.85 | 0.43 | 0.03 |
| EPS (Rs) | 1.54 | 3.14 | −4.47 | −6.51 | 0.97 | 0.06 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 40.51 | 54.47 | 58.58 | 46.14 | 41.41 | 45.49 |
| Expenses | 39.31 | 53.36 | 56.61 | 43.35 | 45.34 | 43.46 |
| Operating Profit | 1.24 | 1.10 | 1.97 | 2.77 | −3.96 | 2.07 |
| OPM % | 3.0% | 2.0% | 3.4% | 6.0% | −9.5% | 4.5% |
| Other Income | 0.65 | 0.70 | 1.47 | 0.96 | 0.37 | 0.53 |
| Interest | 1.66 | 1.42 | 1.37 | 1.50 | 0.98 | 1.04 |
| Depreciation | 1.19 | 0.91 | 0.84 | 0.78 | 0.96 | 0.97 |
| Profit before tax | −0.95 | −0.52 | 1.22 | 1.44 | −5.50 | 0.58 |
| Tax % | −84.3% | −22.6% | 2.5% | 1.4% | −13.3% | 27.1% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −0.16 | −0.42 | 1.21 | 1.43 | −4.81 | 0.45 |
| EPS (Rs) | −0.50 | −1.36 | 3.96 | 4.64 | −10.98 | 1.02 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3.04 | 3.04 | 3.04 | 3.07 | 4.36 | 4.37 |
| Reserves | −1.91 | −2.32 | −1.12 | 1.32 | 5.61 | 6.06 |
| Borrowings | 15.41 | 12.27 | 12.19 | 12.39 | 9.83 | 11.31 |
| Other Liabilities | 4.74 | 5.18 | 4.58 | 5.30 | 4.47 | 7.66 |
| Total Liabilities | 21.28 | 18.17 | 18.69 | 22.08 | 24.27 | 29.40 |
| Fixed Assets | 5.49 | 5.26 | 5.12 | 5.24 | 5.94 | 5.71 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.90 | 0.12 | 3.09 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 15.79 | 12.91 | 13.57 | 15.94 | 18.21 | 20.60 |
| Inventories | 6.94 | 6.20 | 6.67 | 7.59 | 6.01 | 8.48 |
| Trade receivables | 5.00 | 4.46 | 4.11 | 5.03 | 4.40 | 4.33 |
| Cash & equivalents | 0.01 | 0.01 | 0.00 | 0.00 | 2.96 | 3.00 |
| Total Assets | 21.28 | 18.17 | 18.69 | 22.08 | 24.27 | 29.40 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 2.35 | 5.29 | 2.13 | 1.85 | −3.07 | 3.22 |
| Cash from investing activity | −0.12 | −0.74 | −0.69 | −1.76 | −0.85 | −3.67 |
| Cash from financing activity | −2.24 | −4.56 | −1.45 | −0.10 | 6.87 | 0.44 |
| Net cash flow | 0.00 | 0.00 | −0.02 | 0.00 | 2.97 | 0.03 |
| Capex | 0.20 | 0.75 | 0.76 | 1.81 | 0.88 | 3.71 |
| Free cash flow | 2.23 | 4.58 | 1.50 | 0.11 | −3.95 | −0.48 |
| CFO / OP % | 192.0% | 486.0% | 109.0% | 67.0% | 75.0% | 157.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 46 | 31 | 27 | 41 | 40 | 36 |
| Inventory days | 80 | 52 | 55 | 92 | 74 | 107 |
| Days payable | 21 | 26 | 11 | 31 | 19 | 68 |
| Cash conversion cycle | 103 | 55 | 69 | 100 | 94 | 73 |
| Working capital days | 2 | −12 | −6 | 5 | 21 | −6 |
| ROCE % | — | 6.1% | 18.9% | 19.1% | −24.7% | 7.9% |
For the Mar 2026 quarter, Solve Plastic Products reported sales of ₹23.71 Cr, up 11.0% year on year and net profit of ₹0.03 Cr. The operating margin was 3.5%.
Solve Plastic Products' sales for the year to Mar 2026 were ₹45.49 Cr.
Net profit for the year to Mar 2026 was ₹0.45 Cr. Earnings per share over the same trailing period were ₹1.02.
Solve Plastic Products reported borrowings of ₹11.31 Cr at Mar 2026, against cash and equivalents of ₹3 Cr.
Cash from operations was ₹3.22 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.48 Cr.