Silkflex Polymers (India) (SILKFLEX)₹319.15+6.45%Specialty Chemicals
In the Mar 2026 quarter (standalone), Silkflex Polymers (India) reported sales of ₹38.99 Cr, up 199.9% from Mar 2025, and net profit of ₹4.65 Cr, up 237.0% year on year. For the year to Mar 2026, sales were ₹110 Cr and net profit ₹11.97 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 31.75 | 13.00 | 18.76 | 33.45 | 38.99 |
| Expenses | 28.85 | 10.29 | 16.05 | 26.55 | 30.17 |
| Operating Profit | 3.07 | 2.77 | 2.80 | 7.09 | 8.99 |
| OPM % | 9.7% | 21.3% | 14.9% | 21.2% | 23.0% |
| Other Income | 0.00 | 0.23 | 0.19 | 0.13 | 0.12 |
| Interest | 0.56 | 0.81 | 0.59 | 1.16 | 1.84 |
| Depreciation | 0.04 | 0.13 | 0.12 | 0.59 | 1.09 |
| Profit before tax | 2.49 | 2.07 | 2.31 | 5.51 | 6.25 |
| Tax % | 25.0% | 32.0% | 25.2% | 26.2% | 25.2% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 1.86 | 1.38 | 1.72 | 4.05 | 4.65 |
| EPS (Rs) | 1.62 | 1.19 | 1.48 | 3.49 | 4.00 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 20.97 | 20.96 | 27.96 | 43.89 | 49.88 | 79.82 | 110 |
| Expenses | 20.07 | 19.06 | 26.09 | 42.14 | 43.14 | 68.25 | 88.33 |
| Operating Profit | 0.99 | 0.99 | 1.99 | 1.99 | 6.98 | 11.97 | 21.96 |
| OPM % | 4.0% | 6.0% | 6.0% | 5.0% | 14.0% | 15.0% | 20.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 |
| Interest | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 3.01 | 4.01 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 |
| Profit before tax | 0.00 | 1.01 | 1.01 | 1.01 | 5.01 | 9.03 | 16.05 |
| Tax % | 26.0% | 26.0% | 25.0% | 25.0% | 25.0% | 26.0% | 26.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.00 | 0.00 | 0.99 | 0.99 | 3.99 | 6.97 | 11.97 |
| EPS (Rs) | 2.32 | 2.18 | 2.77 | 3.31 | 4.83 | 6.02 | 10.46 |
| 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 | 1.99 | 1.99 | 1.99 | 1.99 | 7.99 | 11.97 | 11.97 |
| Reserves | 1.01 | 3.01 | 5.01 | 6.00 | 4.01 | 23.99 | 36.06 |
| Borrowings | 6.01 | 6.02 | 10.00 | 13.99 | 15.01 | 35.98 | 62.05 |
| Other Liabilities | 0.99 | 1.99 | 1.99 | 1.99 | 10.95 | 10.94 | 21.90 |
| Total Liabilities | 10.00 | 13.01 | 19.99 | 23.97 | 37.96 | 82.88 | 132 |
| Fixed Assets | 1.01 | 1.01 | 3.01 | 4.01 | 11.02 | 16.05 | 66.14 |
| CWIP | 0.00 | 1.01 | 0.00 | 0.00 | 1.01 | 1.01 | 6.02 |
| Investments | 1.01 | 2.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 |
| Other Assets | 6.98 | 8.98 | 14.97 | 17.95 | 25.93 | 65.82 | 58.82 |
| Inventories | 4.05 | 5.23 | 11.18 | 14.63 | 16.23 | 30.10 | 29.46 |
| Trade receivables | 2.28 | 2.76 | 2.20 | 2.09 | 5.83 | 10.12 | 19.53 |
| Cash & equivalents | 0.06 | 0.06 | 0.05 | 0.05 | 0.07 | 0.10 | 2.10 |
| Total Assets | 10.00 | 13.01 | 19.99 | 23.97 | 37.96 | 82.88 | 132 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 0.00 | 0.00 | −3.99 | −0.99 | 8.99 | −29.95 | 28.96 |
| Cash from investing activity | −2.01 | −1.01 | 0.00 | −1.01 | −9.01 | −5.01 | −49.06 |
| Cash from financing activity | 2.01 | 2.01 | 5.01 | 2.01 | 0.00 | 35.01 | 22.01 |
| Net cash flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 |
| Capex | 0.00 | 1.01 | 2.01 | 1.01 | 9.02 | 7.01 | 57.10 |
| Free cash flow | −0.99 | −1.99 | −5.01 | −1.99 | 0.00 | −34.99 | −27.97 |
| CFO / OP % | 4.0% | 2.0% | −248.0% | −27.9% | 128.1% | −245.9% | 146.1% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 42 | 50 | 30 | 18 | 43 | 47 | 66 |
| Inventory days | 89 | 124 | 215 | 152 | 163 | 184 | 135 |
| Days payable | 28 | 13 | 11 | 13 | 82 | 38 | 68 |
| Cash conversion cycle | 105 | 162 | 235 | 159 | 126 | 194 | 134 |
| Working capital days | 28 | 88 | 63 | 41 | 8 | 164 | 34 |
| ROCE % | — | 13.9% | 12.0% | 11.0% | 28.0% | 24.0% | 21.9% |
For the Mar 2026 quarter, Silkflex Polymers (India) reported sales of ₹38.99 Cr, up 199.9% year on year and net profit of ₹4.65 Cr, up 237.0% year on year. The operating margin was 23.0%.
Silkflex Polymers (India)'s sales for the year to Mar 2026 were ₹110 Cr.
Net profit for the year to Mar 2026 was ₹11.97 Cr. Earnings per share over the same trailing period were ₹10.46.
Silkflex Polymers (India) reported borrowings of ₹62.05 Cr at Mar 2026, against cash and equivalents of ₹2.10 Cr.
Cash from operations was ₹28.96 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹27.97 Cr.