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SPP Polymer (SPPPOLY)₹11.50−4.56%Packaging
In the Mar 2026 quarter (standalone), SPP Polymer reported sales of ₹57.03 Cr, up 5.6% from Mar 2025, and net profit of −₹2.99 Cr. For the year to Mar 2026, sales were ₹111 Cr and net profit −₹3.99 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 51.07 | 54.01 | 54.03 | 54.06 | 57.03 |
| Expenses | 47.84 | 49.84 | 50.81 | 53.86 | 59.85 |
| Operating Profit | 3.01 | 4.01 | 2.01 | 0.00 | −3.01 |
| OPM % | 6.0% | 6.9% | 3.8% | 0.2% | −4.8% |
| Other Income | 2.01 | 1.01 | 1.01 | 1.01 | 2.01 |
| Interest | 0.99 | 0.99 | 0.00 | 0.00 | 0.99 |
| Depreciation | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Profit before tax | 2.01 | 2.01 | 0.00 | −1.01 | −3.01 |
| Tax % | 0.0% | 32.0% | 76.0% | 0.0% | −1.0% |
| Net Profit | 1.99 | 0.99 | 0.00 | −0.99 | −2.99 |
| EPS (Rs) | 1.50 | 0.76 | 0.05 | −0.63 | −2.09 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 59.02 | 66.02 | 80.01 | 66.08 | 92.12 | 108 | 111 |
| Expenses | 55.82 | 62.85 | 78.71 | 62.82 | 85.72 | 102 | 113 |
| Operating Profit | 2.01 | 2.01 | 2.01 | 3.01 | 6.01 | 6.01 | −3.01 |
| OPM % | 3.7% | 3.6% | 1.9% | 4.0% | 7.0% | 6.0% | −2.4% |
| Other Income | 0.00 | 0.00 | 0.00 | 1.01 | 2.01 | 1.01 | 3.01 |
| Interest | 0.99 | 0.99 | 0.99 | 0.99 | 2.99 | 1.99 | 0.99 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.99 | 3.99 | 3.98 | 2.99 |
| Profit before tax | 1.01 | 1.01 | 0.00 | 1.01 | 1.01 | 2.01 | −4.01 |
| Tax % | 31.0% | 17.0% | 32.0% | 47.0% | 27.0% | 43.0% | 0.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.99 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | −3.99 |
| EPS (Rs) | — | — | — | 1.93 | 0.94 | 0.74 | −2.71 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 68.1% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2.01 | 2.01 | 3.01 | 3.01 | 11.03 | 15.05 | 15.04 |
| Reserves | 11.01 | 12.01 | 17.02 | 22.03 | 14.01 | 36.02 | 31.01 |
| Borrowings | 8.02 | 5.01 | 13.01 | 22.03 | 19.02 | 8.01 | 13.02 |
| Other Liabilities | 4.02 | 4.02 | 6.01 | 8.04 | 27.11 | 22.09 | 23.11 |
| Total Liabilities | 25.06 | 22.05 | 38.05 | 54.11 | 71.17 | 81.17 | 82.18 |
| Fixed Assets | 6.01 | 6.01 | 7.02 | 27.04 | 24.05 | 23.06 | 20.03 |
| CWIP | 0.00 | 0.00 | 3.99 | 0.00 | 0.00 | 0.99 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 19.05 | 16.04 | 27.04 | 27.07 | 46.12 | 57.12 | 61.15 |
| Inventories | 8.03 | 3.97 | 9.44 | 10.26 | 24.68 | 29.02 | 28.90 |
| Trade receivables | 7.12 | 9.73 | 10.23 | 7.84 | 14.14 | 16.27 | 22.79 |
| Cash & equivalents | 0.70 | 0.90 | 1.25 | 0.82 | 0.09 | 0.03 | 0.07 |
| Total Assets | 25.06 | 22.05 | 38.05 | 54.11 | 71.17 | 81.17 | 82.18 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 3.99 | −5.99 | 3.99 | 5.99 | −9.98 | 1.99 |
| Cash from investing activity | 0.00 | −6.02 | −17.06 | −2.01 | −5.01 | 0.00 |
| Cash from financing activity | −4.01 | 13.02 | 12.01 | −5.01 | 15.02 | −2.01 |
| Net cash flow | 0.00 | 0.00 | 0.00 | −0.99 | 0.00 | 0.00 |
| Capex | 0.89 | 6.15 | 17.35 | 1.45 | 2.61 | 0.63 |
| Free cash flow | 3.99 | −12.98 | −13.99 | 4.99 | −11.99 | 0.99 |
| CFO / OP % | 200.0% | −397.0% | 149.0% | 105.0% | −158.0% | −95.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 45 | 55 | 47 | 44 | 57 | 56 | 76 |
| Inventory days | 63 | 28 | 52 | 70 | 128 | 132 | 117 |
| Days payable | 16 | 12 | 24 | 41 | 124 | 86 | 81 |
| Cash conversion cycle | 93 | 70 | 76 | 73 | 61 | 102 | 112 |
| Working capital days | 30 | 34 | 28 | 33 | 29 | 80 | 72 |
| ROCE % | — | 9.1% | 4.0% | 5.0% | 9.1% | 7.0% | −6.0% |
For the Mar 2026 quarter, SPP Polymer reported sales of ₹57.03 Cr, up 5.6% year on year and net profit of −₹2.99 Cr. The operating margin was −4.8%.
SPP Polymer's sales for the year to Mar 2026 were ₹111 Cr.
Net profit for the year to Mar 2026 was −₹3.99 Cr. Earnings per share over the same trailing period were ₹−2.71.
SPP Polymer reported borrowings of ₹13.02 Cr at Mar 2026, against cash and equivalents of ₹0.07 Cr.
Cash from operations was ₹1.99 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.99 Cr.