Silkflex Polymers (India) Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹347 Cr
- P/E
- 28.66
- ROE
- 29.15%
- PEG
- 0.19
- Price to sales
- 3.15
- Debt to equity
- 1.31
- 52W high / low
- ₹301 / ₹79.0
- Sales growth (5Y)
- 39.67%
- EBITDA margin
- 19.96%
- Net profit margin
- 11.00%
- Promoter holding
- 70.14%
- Sales (last year)
- ₹110 Cr
Incorporated in 2016, Silkflex Polymers India Ltd is in the business of Chemicals and Printing dyes and water based Wood Coatings[1]
Guidance scorecard · Q4 FY26 call
What Silkflex Polymers (India) Ltd's management guided
and where it ranks in Chemicals & Petrochemicals
RevenueQ4 FY26 call
20–40%- Manufacturing capacity utilization expected to rise from 60% currently to 100% by FY27 end, driving revenue growth.
- Revenue potential from current 500 MT manufacturing capacity estimated at INR 70-80 crores.
- Manufacturing revenue target for FY27 is INR 60-70 crores.
- Trading business expected to grow modestly at 1-2%, with a strategic shift reducing trading share from 75% to 50%, increasing manufacturing share to 40-50%.
- Wood-coating segment projected to more than double from INR 6 crores to INR 12-14 crores.
- Expansion of product portfolio planned with R&D launching new products within 3-4 months.
2 more points from Silkflex Polymers (India) Ltd's call on revenue
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MarginsQ4 FY26 call
Up 2%+See what Silkflex Polymers (India) Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
None planned- Silkflex Polymers has completed full capex for their current manufacturing setup; no major expansion planned immediately.
- The factory was designed with expansion-ready infrastructure, allowing future growth without significant new investment.
- Potential minor capex of INR 2-3 crores may be incurred for acquiring additional vessels if required.
- R&D ongoing; new product launches expected within 3-4 months, which may lead to slight capacity expansion.
- Post reaching optimal utilization, further capacity expansion is possible involving investments around INR 3-5 crores for additional vessels.
2 more points from Silkflex Polymers (India) Ltd's call on capex
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FundraisingQ4 FY26 call
None plannedSee what Silkflex Polymers (India) Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- The company is scaling manufacturing capacity (500 MT capacity) with expected full utilization by FY27 end.
- Focus is on increasing manufacturing revenue contribution to 50% from current ~25% and expanding the wood-coating segment.
- R&D efforts indicate potential new product launches within 3-4 months, which may impact future orders.
2 more points from Silkflex Polymers (India) Ltd's call on the order book
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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 Chemicals & Petrochemicals
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Chemicals & Petrochemicals companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹263 Cr | 3.4 | |
| 2 | 40%+ | Flat | ₹4,375 Cr | 83.7 | |
| 3 | 40%+ | Flat | ₹3,259 Cr | 4.0 | |
| 4 | 40%+ | Flat | ₹145 Cr | 15.9 | |
| 5 | 20–40% | Up 2%+ | ₹1.81L Cr | 90.9 | |
| 6 | 20–40% | Up 2%+ | ₹48,366 Cr | 78.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals rankingFinancials of Silkflex Polymers (India) Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Silkflex Polymers (India) Ltd
Shareholding breakup across reporting periods.
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Oct 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 69.89% | 69.89% | 69.89% | 69.89% | 69.89% | 69.89% | 70.14% | 70.14% | 70.14% | 62.03% |
| DIIs + | 4.76% | 4.88% | 8.01% | 8.94% | 8.94% | 8.94% | 8.94% | 8.94% | 8.94% | 9.10% |
| Public + | 25.36% | 25.24% | 22.10% | 21.17% | 21.17% | 21.17% | 20.91% | 20.91% | 20.91% | 28.87% |
| No. of Shareholders | 456 | 472 | 484 | 413 | 407 | 390 | 340 | 443 | 579 | 631 |
Financials of Silkflex Polymers (India) Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Silkflex Polymers (India) Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 21 | 21 | 28 | 44 | 50 | 80 | 110 | 130 |
| Expenses + | 20 | 19 | 26 | 42 | 43 | 68 | 88 | 98 |
| Operating Profit | 1 | 1 | 2 | 2 | 7 | 12 | 22 | 32 |
| OPM % | 4.0% | 6% | 6% | 5% | 14% | 15% | 20% | 24% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Interest | 0 | 1 | 1 | 1 | 2 | 3 | 4 | 6 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 4 |
| Profit before tax | 0 | 1 | 1 | 1 | 5 | 9 | 16 | 23 |
| Tax % | 26% | 26% | 25% | 25% | 25% | 26% | 26% | |
| Net Profit + | 0 | 0 | 1 | 1 | 4 | 7 | 12 | 16 |
| EPS in Rs | 0.71 | 0.67 | 0.85 | 1.02 | 4.84 | 6.03 | 10.47 | 14.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Silkflex Polymers (India) Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 2 | 8 | 12 | 12 | 12 |
| Reserves | 1 | 3 | 5 | 6 | 4 | 24 | 36 | 44 |
| Borrowings + | 6 | 6 | 10 | 14 | 15 | 36 | 62 | 69 |
| Other Liabilities + | 1 | 2 | 2 | 2 | 11 | 11 | 22 | 26 |
| Total Liabilities | 10 | 13 | 20 | 24 | 38 | 83 | 132 | 150 |
| Fixed Assets + | 1 | 1 | 3 | 4 | 11 | 12 | 66 | 73 |
| CWIP | 0 | 1 | 0 | 0 | 1 | 5 | 6 | 11 |
| Investments | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 0 |
| Other Assets + | 7 | 9 | 15 | 18 | 26 | 66 | 59 | 66 |
| Total Assets | 10 | 13 | 20 | 24 | 38 | 83 | 132 | 150 |
Financials of Silkflex Polymers (India) Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | -0 | -4 | -1 | 9 | -24 | 29 |
| Cash from Investing Activity + | -2 | -1 | -0 | -1 | -9 | -12 | -49 |
| Cash from Financing Activity + | 2 | 2 | 5 | 2 | 0 | 35 | 22 |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | 0 | 2 |
| Free Cash Flow | -1 | -2 | -5 | -2 | -0 | -29 | -28 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 4% | 2% | -248% | -28% | 128% | -192% | 144% |
Financials of Silkflex Polymers (India) Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 41 | 49 | 29 | 17 | 42 | 46 | 65 |
| Inventory Days | 90 | 125 | 216 | 153 | 164 | 185 | 136 |
| Days Payable | 28 | 13 | 11 | 13 | 82 | 38 | 68 |
| Cash Conversion Cycle | 104 | 161 | 234 | 158 | 125 | 193 | 133 |
| Working Capital Days | 27 | 87 | 62 | 40 | 7 | 125 | 33 |
| ROCE % | 14% | 12% | 11% | 28% | 24% | 23% |
Guidance history
How Silkflex Polymers (India) Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Up 2%+ | None planned | None planned | — |
| Q3 FY26 call → | 10–20% | Up 2%+ | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Silkflex Polymers (India) Ltd's management said in earlier quarters
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