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G M Polyplast Q2 FY25 Share Price & Earnings Call Analysis

₹61.74-2.00% today
Market cap
₹83 Cr
P/E
10.04
ROE
19.08%
PEG
0.53
Price to sales
0.80
Debt to equity
0.04
52W high / low
₹91.8 / ₹52.3
Sales growth (5Y)
14.58%
EBITDA margin
12.31%
Net profit margin
8.03%
Promoter holding
73.54%
Sales (last year)
₹103 Cr

Incorporated in 2003, GM Polyplast Ltd is a manufacturer of HIPS, ABS, PET, PP, HDPE Sheets and Granules[1]

Guidance scorecard · Q2 FY25 call

What G M Polyplast's management guided
and where it ranks in Industrial Products

Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ2 FY25 call

10–20%
  • Export market contribution currently at 4%-5%, targeted to double in coming financial years.
  • Plans to expand exports to 8-10 foreign countries within 2-3 years, including new markets like Africa.
  • Targeting export share to reach 10%-15% of total turnover in next 2-3 years.
  • Capacity expansion by 8,000 MTPA planned, pending FPO funding.
  • Current capacity utilization at 60%-65%, with peak utilization potential of 85%-90%.
  • Focus on higher-margin niche products like ABS, PMMA, ASA, and PC, with expected positive contribution in 3-6 months.

2 more points from G M Polyplast's call on revenue

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Full Q2 FY25 analysis

MarginsQ2 FY25 call

Flat

See what G M Polyplast said on margins — free account, 30 seconds.

Full Q2 FY25 analysis

CapexQ2 FY25 call

Planned
  • G M Polyplast is planning a significant capacity expansion by adding 8,000 MTPA, which requires substantial investment.
  • This expansion and related investments will be funded through a Follow-on Public Offer (FPO), currently awaiting approval.
  • Apart from capacity expansion, there are strategic plans to reduce expenses and improve production capacity.
  • The company is implementing advanced manufacturing and automation to enhance operational efficiency.
  • Investments are also directed toward entering premium segments like ABS, PMMA, ASA, and PC materials, expected to take 3-6 months for full utilization.

2 more points from G M Polyplast's call on capex

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Full Q2 FY25 analysis

FundraisingQ2 FY25 call

Planned

See what G M Polyplast said on fundraising — free account, 30 seconds.

Full Q2 FY25 analysis

Order bookQ2 FY25 call

  • The sales team is actively following up with big brands, with a typical process taking around 3 to 6 months to close orders.
  • Participation in international exhibitions (e.g., PET Plast Africa 2024 in Kenya) is expected to generate new business, though results from such exhibitions typically materialize in 3 to 6 months.
  • The company has received positive responses from exhibitions, which supports optimism about future order inflows.
  • The management is focused on expanding exports and new markets, which is likely to increase future orders.
Full Q2 FY25 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does G M Polyplast rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of G M Polyplast

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of G M Polyplast

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of G M Polyplast

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +4647455568635274829296103
Expenses +444443536559476874818490
Operating Profit222234668111213
OPM %5%5%3%4%4%6%11%8%10%12%12%12%
Other Income +000000010000
Interest110000000010
Depreciation010011111111
Profit before tax111123556101011
Tax %34%46%43%28%28%22%26%24%24%28%26%26%
Net Profit +100112445778
EPS in Rs62.0050.0047.0092.00138.0032.712.603.103.665.275.536.14
Dividend Payout %0%0%0%0%0%0%5%5%0%0%0%0%

Financials of G M Polyplast

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.100.100.100.100.100.102213131313
Reserves233468141812182634
Borrowings +432433212112
Other Liabilities +121316171715918108910
Total Liabilities181921252525283937414959
Fixed Assets +322233365669
CWIP000000000000
Investments000110000000
Other Assets +151619222222253331354350
Total Assets181921252525283937414959

Financials of G M Polyplast

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +42123-45-05010
Cash from Investing Activity +-1-00-1-1-0-4-1-2-1-6
Cash from Financing Activity +-3-1-1-2-14-21-2-11
Net Cash Flow-000-11-1-1-01-15
Free Cash Flow32112-51-13-05
CFO/OP197%118%111%77%86%-54%121%11%66%26%97%

Financials of G M Polyplast

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days878899887372968468758090
Inventory Days171930322726354956497048
Days Payable1031051311098991597840212221
Cash Conversion Cycle12-211117725585104128116
Working Capital Days912925677587992118111
ROCE %28%30%22%23%25%33%36%30%28%34%29%25%

Continue your research

What G M Polyplast's management said in earlier quarters

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