Polysil Irrigation Systems (POLYSIL)₹41.95+2.19%Plastic Products - Industrial
In the Mar 2026 quarter (standalone), Polysil Irrigation Systems reported sales of ₹15.26 Cr, down 40.1% from Mar 2025, and net profit of ₹2.95 Cr, down 61.3% year on year. For the year to Mar 2026, sales were ₹45.70 Cr and net profit ₹2.82 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|
| Sales | 25.48 | 15.03 | 15.26 |
| Expenses | 17.62 | 15.80 | 12.06 |
| Operating Profit | 7.75 | −0.82 | 3.14 |
| OPM % | 30.5% | −5.6% | 20.7% |
| Other Income | 0.26 | 0.00 | 0.93 |
| Interest | 0.22 | 0.63 | 0.87 |
| Depreciation | 0.19 | 0.17 | 0.19 |
| Profit before tax | 7.60 | −1.60 | 3.02 |
| Tax % | 0.0% | −2.5% | 3.0% |
| Net Profit | 7.62 | −1.57 | 2.95 |
| EPS (Rs) | 6.75 | −0.70 | 1.32 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 39.48 | 54.29 | 37.69 | 43.97 | 44.56 | 13.90 | 45.70 |
| Expenses | 36.56 | 51.12 | 34.71 | 39.23 | 38.83 | 12.89 | 40.56 |
| Operating Profit | 2.78 | 3.05 | 2.84 | 4.61 | 5.55 | 0.95 | 4.97 |
| OPM % | 7.1% | 5.6% | 7.6% | 10.5% | 12.5% | 6.9% | 10.9% |
| Other Income | 0.07 | 0.14 | 0.06 | −0.23 | 0.11 | 0.26 | 1.47 |
| Interest | 0.84 | 1.15 | 1.50 | 1.50 | 1.93 | 1.85 | 2.28 |
| Depreciation | 1.21 | 1.02 | 0.74 | 0.54 | 0.73 | 0.72 | 0.74 |
| Profit before tax | 0.81 | 1.03 | 0.67 | 2.37 | 3.01 | −1.33 | 3.43 |
| Tax % | 39.0% | 37.5% | 49.9% | 63.8% | 31.4% | 38.0% | 18.3% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.51 | 0.66 | 0.33 | 0.86 | 2.06 | −1.84 | 2.82 |
| EPS (Rs) | 111.43 | 143.14 | 74.94 | 0.89 | 1.84 | −1.64 | 1.26 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.46 | 0.47 | 0.47 | 9.92 | 11.36 | 11.35 | 22.54 |
| Reserves | 12.24 | 12.96 | 13.28 | 5.47 | 13.66 | 11.38 | 35.33 |
| Borrowings | 12.38 | 11.08 | 14.99 | 15.50 | 16.74 | 16.56 | 35.36 |
| Other Liabilities | 13.65 | 17.48 | 17.58 | 24.48 | 36.87 | 49.76 | 38.29 |
| Total Liabilities | 38.73 | 41.99 | 46.32 | 55.37 | 78.63 | 89.05 | 132 |
| Fixed Assets | 7.20 | 6.81 | 8.27 | 9.34 | 8.71 | 7.98 | 8.50 |
| CWIP | 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 |
| Other Assets | 31.53 | 35.18 | 38.05 | 46.03 | 69.92 | 81.07 | 123 |
| Inventories | 11.99 | 11.99 | 11.99 | 13.98 | 15.99 | 29.99 | 37.01 |
| Trade receivables | 12.03 | 18.04 | 22.04 | 28.08 | 48.08 | 42.09 | 52.16 |
| Cash & equivalents | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Total Assets | 38.73 | 41.99 | 46.32 | 55.37 | 78.63 | 89.05 | 132 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1.00 | −0.43 | −0.42 | 2.01 | −6.26 | 1.52 | −47.65 |
| Cash from investing activity | −0.36 | −0.91 | −2.27 | −1.60 | −0.64 | 1.07 | 0.17 |
| Cash from financing activity | −0.46 | 1.48 | 2.40 | −0.46 | 6.83 | −2.42 | 48.04 |
| Net cash flow | 0.14 | 0.14 | −0.27 | −0.07 | −0.05 | 0.15 | 0.79 |
| Capex | 0.89 | 0.57 | 2.17 | 1.61 | 0.08 | 0.02 | 1.23 |
| Free cash flow | 0.11 | −0.97 | −2.60 | 0.39 | −6.33 | 1.49 | −48.84 |
| CFO / OP % | 52.0% | −5.0% | −8.0% | 57.0% | −97.0% | 117.0% | −952.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 114 | 122 | 211 | 234 | 390 | 1,112 | 419 |
| Inventory days | 209 | 147 | 240 | 201 | 207 | 1,251 | 441 |
| Days payable | 154 | 111 | 180 | 194 | 292 | 1,147 | 287 |
| Cash conversion cycle | 169 | 158 | 271 | 241 | 306 | 1,216 | 573 |
| Working capital days | 46 | 57 | 90 | 83 | 157 | 417 | 181 |
| ROCE % | — | 8.9% | 8.2% | 13.9% | 13.7% | 1.3% | 8.7% |
For the Mar 2026 quarter, Polysil Irrigation Systems reported sales of ₹15.26 Cr, down 40.1% year on year and net profit of ₹2.95 Cr, down 61.3% year on year. The operating margin was 20.7%.
Polysil Irrigation Systems' sales for the year to Mar 2026 were ₹45.70 Cr.
Net profit for the year to Mar 2026 was ₹2.82 Cr. Earnings per share over the same trailing period were ₹1.26.
Polysil Irrigation Systems reported borrowings of ₹35.36 Cr at Mar 2026, against cash and equivalents of ₹1.01 Cr.
Cash from operations was −₹47.65 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹48.84 Cr.