Pearl Polymers (PEARLPOLY)₹15.40−1.60%Plastic Products - Consumer
In the Mar 2026 quarter (standalone), Pearl Polymers reported sales of ₹5.58 Cr, down 10.3% from Mar 2025, and net profit of −₹4.07 Cr. For the year to Mar 2026, sales were ₹19.66 Cr and net profit −₹4.76 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 | 3.57 | 3.86 | 3.76 | 5.17 | 5.32 | 4.92 | 5.48 | 6.22 | 4.91 | 4.49 | 4.69 | 5.58 |
| Expenses | 6.06 | 5.01 | 5.46 | 6.92 | 7.06 | 6.44 | 7.30 | 9.19 | 6.38 | 5.98 | 6.18 | 8.59 |
| Operating Profit | −2.45 | −1.12 | −1.68 | −1.71 | −1.69 | −1.48 | −1.78 | −2.93 | −1.43 | −1.45 | −1.46 | −2.96 |
| OPM % | −68.7% | −29.2% | −44.3% | −33.2% | −31.9% | −30.3% | −32.6% | −47.2% | −29.3% | −32.5% | −31.3% | −53.1% |
| Other Income | 3.06 | 1.30 | 2.44 | 1.20 | 3.13 | 1.87 | −0.29 | −1.52 | 4.47 | −0.36 | −0.05 | −1.12 |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Depreciation | 0.15 | 0.15 | 0.17 | 0.17 | 0.13 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Profit before tax | 0.42 | 0.00 | 0.58 | −0.69 | 1.28 | 0.22 | −2.20 | −4.56 | 2.88 | −1.93 | −1.63 | −4.20 |
| Tax % | 0.0% | −1,200.0% | 0.0% | −30.0% | 0.0% | 0.0% | 0.0% | −3.3% | 0.0% | 0.0% | 0.0% | −3.5% |
| Net Profit | 0.42 | 0.12 | 0.58 | −0.49 | 1.28 | 0.22 | −2.21 | −4.42 | 2.88 | −1.93 | −1.63 | −4.07 |
| EPS (Rs) | 0.25 | 0.07 | 0.34 | −0.29 | 0.76 | 0.13 | −1.31 | −2.62 | 1.71 | −1.14 | −0.96 | −2.41 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 176 | 174 | 181 | 178 | 139 | 111 | 13.93 | 17.09 | 16.36 | 21.94 | 19.66 | 19.67 |
| Expenses | 167 | 165 | 177 | 176 | 144 | 116 | 76.18 | 25.57 | 23.45 | 28.78 | 27.11 | 27.13 |
| Operating Profit | 10.52 | 9.69 | 4.29 | 2.75 | −4.40 | −4.15 | −61.93 | −8.35 | −6.97 | −6.72 | −7.31 | −7.30 |
| OPM % | 6.0% | 5.6% | 2.4% | 1.5% | −3.2% | −3.7% | −443.7% | −48.8% | −42.5% | −30.7% | −37.2% | −37.1% |
| Other Income | 1.02 | 1.47 | 1.80 | 2.18 | 2.51 | 3.62 | 90.92 | 0.97 | 7.97 | 2.01 | 2.96 | 2.94 |
| Interest | 5.37 | 4.49 | 4.56 | 4.94 | 4.17 | 4.09 | 0.24 | 0.06 | 0.04 | 0.05 | 0.04 | 0.01 |
| Depreciation | 6.55 | 6.32 | 5.91 | 6.30 | 6.38 | 5.93 | 0.74 | 0.58 | 0.61 | 0.50 | 0.50 | 0.52 |
| Profit before tax | −0.38 | 0.34 | −4.36 | −6.28 | −12.41 | −10.54 | 27.78 | −8.02 | 0.32 | −5.26 | −4.89 | −4.88 |
| Tax % | −220.4% | 280.0% | −39.7% | −22.9% | −10.6% | 0.0% | 21.7% | 1.8% | −100.0% | −2.8% | −3.0% | — |
| Exceptional items | −0.08 | −0.33 | 0.11 | 0.67 | 1.22 | 1.79 | 0.83 | −0.56 | 1.39 | 0.53 | 0.00 | — |
| Net Profit | 0.45 | −0.63 | −2.62 | −4.85 | −11.13 | −10.56 | 21.78 | −8.15 | 0.64 | −5.11 | −4.76 | −4.75 |
| EPS (Rs) | 0.26 | −0.37 | −1.55 | −2.88 | −6.63 | −6.27 | 12.96 | −4.84 | 0.38 | −3.03 | −2.82 | −2.80 |
| 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 | 16.83 | 16.85 | 16.83 | 16.83 | 16.84 | 16.83 | 16.87 | 16.80 | 16.81 | 16.79 | 16.79 | 16.79 |
| Reserves | 35.58 | 36.09 | 35.78 | 33.53 | 28.65 | 17.79 | 7.23 | 29.22 | 21.20 | 21.69 | 16.53 | 12.02 |
| Borrowings | 29.28 | 28.42 | 28.31 | 29.55 | 26.56 | 26.31 | 28.26 | 0.41 | 0.22 | 0.09 | 0.00 | 0.00 |
| Other Liabilities | 50.99 | 42.13 | 47.55 | 56.60 | 53.88 | 44.37 | 38.65 | 9.78 | 6.93 | 6.49 | 7.41 | 7.10 |
| Total Liabilities | 133 | 123 | 128 | 137 | 126 | 105 | 91.01 | 56.21 | 45.16 | 45.06 | 40.73 | 35.91 |
| Fixed Assets | 56.67 | 52.88 | 52.21 | 54.73 | 49.82 | 44.79 | 39.06 | 4.73 | 4.80 | 4.68 | 4.64 | 4.54 |
| CWIP | 0.00 | 0.00 | 0.03 | 0.12 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.21 | 2.09 | 2.12 | 2.14 | 2.10 | 2.09 | 2.11 | 30.52 | 31.81 | 30.11 | 27.82 | 24.31 |
| Other Assets | 73.80 | 68.52 | 74.11 | 79.52 | 74.01 | 58.42 | 49.80 | 20.96 | 8.55 | 10.27 | 8.27 | 7.06 |
| Inventories | 22.93 | 21.76 | 22.82 | 22.10 | 22.42 | 19.68 | 15.91 | 3.06 | 1.74 | 2.07 | 1.55 | 1.31 |
| Trade receivables | 40.82 | 36.89 | 43.15 | 47.86 | 43.56 | 30.41 | 26.59 | 2.25 | 2.04 | 1.76 | 1.73 | 1.93 |
| Cash & equivalents | 3.25 | 3.18 | 2.97 | 3.39 | 2.39 | 2.49 | 2.30 | 8.13 | 1.66 | 2.77 | 1.12 | 0.37 |
| Total Assets | 133 | 123 | 128 | 137 | 126 | 105 | 91.01 | 56.21 | 45.16 | 45.06 | 40.73 | 35.91 |
| 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 | 18.97 | 10.48 | 10.61 | 11.54 | 7.43 | 4.04 | 2.34 | 28.93 | −4.79 | −7.10 | −4.83 | −4.97 |
| Cash from investing activity | −6.92 | −2.23 | −4.85 | −8.00 | −0.28 | 0.31 | 1.78 | 5.14 | −1.40 | 8.39 | 3.31 | 4.62 |
| Cash from financing activity | −12.67 | −8.39 | −5.55 | −3.43 | −7.97 | −4.37 | −2.29 | −28.32 | −0.27 | −0.19 | −0.17 | −0.06 |
| Net cash flow | −0.62 | −0.13 | 0.20 | 0.10 | −0.79 | 0.00 | 1.83 | 5.79 | −6.43 | 1.10 | −1.65 | −0.38 |
| Capex | 7.34 | 2.71 | 5.86 | 8.52 | 2.12 | 1.92 | 0.90 | 1.46 | 0.65 | 0.58 | 0.46 | 0.41 |
| Free cash flow | 11.92 | 7.79 | 5.26 | 3.12 | 6.85 | 3.92 | 3.89 | 61.12 | −5.44 | −7.67 | −5.27 | −5.38 |
| CFO / OP % | 237.0% | 100.0% | 109.0% | 269.0% | 271.0% | −90.0% | −54.9% | −55.9% | 56.0% | 98.0% | 72.0% | 70.0% |
| 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 | 75 | 76 | 90 | 96 | 89 | 80 | 87 | 59 | 44 | 39 | 29 | 36 |
| Inventory days | 64 | 78 | 97 | 82 | 82 | 93 | 100 | 102 | 53 | 78 | 48 | 42 |
| Days payable | 84 | 92 | 132 | 160 | 152 | 154 | 163 | 138 | 123 | 157 | 130 | 138 |
| Cash conversion cycle | 56 | 63 | 55 | 19 | 19 | 19 | 24 | 22 | −26 | −40 | −52 | −61 |
| Working capital days | 9 | 19 | 21 | 3 | 0 | −20 | −49 | 104 | 23 | 45 | 11 | 413 |
| ROCE % | 5.0% | 6.2% | 5.5% | 0.1% | −2.7% | −14.4% | −14.7% | 54.7% | −17.5% | −2.6% | −16.0% | −15.7% |
For the Mar 2026 quarter, Pearl Polymers reported sales of ₹5.58 Cr, down 10.3% year on year and net profit of −₹4.07 Cr. The operating margin was −53.1%.
Pearl Polymers' sales for the year to Mar 2026 were ₹19.66 Cr; over the last twelve months they were ₹19.67 Cr.
Net profit for the year to Mar 2026 was −₹4.76 Cr, and −₹4.75 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.80.
Pearl Polymers reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹0.37 Cr.
Cash from operations was −₹4.97 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹5.38 Cr.