SPP Polymer Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹18 Cr
- ROE
- -8.56%
- Price to sales
- 0.17
- Debt to equity
- 0.28
- 52W high / low
- ₹19.3 / ₹10.3
- Sales growth (5Y)
- 11.05%
- EBITDA margin
- -2.35%
- Net profit margin
- -3.76%
- Promoter holding
- 67.26%
- Sales (last year)
- ₹111 Cr
Incorporated in 2004, SPP Polymers Ltd manufactures woven and non-woven fabrics and bags[1]
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
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.
SPP Polymer shareholding (Sep 2026)
Promoters
67.26%
+0.18 pp QoQ
FIIs
0.00%
unchanged QoQ
DIIs
—
— QoQ
Public
32.74%
−0.18 pp QoQ
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹403 Cr | 12.8 | |
| 2 | 40%+ | Up 0–2% | ₹1,158 Cr | 12.7 | |
| 3 | 40%+ | Flat | ₹6,675 Cr | 74.6 | |
| 4 | 40%+ | Flat | ₹6,247 Cr | 15.4 | |
| 5 | 40%+ | Flat | ₹4,948 Cr | 25.0 | |
| 6 | 40%+ | Flat | ₹4,816 Cr | 53.3 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of SPP Polymer
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
SPP Polymer
Shareholding breakup across reporting periods.
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|
| Promoters + | 67.08% | 67.08% | 67.08% | 67.08% | 67.26% |
| FIIs + | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 32.23% | 32.92% | 32.92% | 32.92% | 32.74% |
| No. of Shareholders | 1,683 | 1,463 | 1,382 | 1,294 | 1,248 |
Financials of SPP Polymer
Quarterly Results
Quarter-by-quarter operating performance
Financials of SPP Polymer
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 59 | 66 | 80 | 66 | 92 | 108 | 111 |
| Sales growth | +12% | +22% | -18% | +39% | +17% | +3% | |
| Expenses + | 56 | 63 | 79 | 63 | 86 | 102 | 113 |
| Operating Profit | 2 | 2 | 2 | 3 | 6 | 6 | -3 |
| OPM % | 3.7% | 3.6% | 1.9% | 4.0% | 7% | 6% | -2.4% |
| Other Income + | 0 | 0 | 0 | 1 | 2 | 1 | 3 |
| Interest | 1 | 1 | 1 | 1 | 3 | 2 | 1 |
| Depreciation | 1 | 1 | 1 | 1 | 4 | 4 | 3 |
| Profit before tax | 1 | 1 | 0 | 1 | 1 | 2 | -4 |
| Tax % | 31% | 17% | 32% | 47% | 27% | 43% | -0% |
| Net Profit + | 1 | 1 | 0 | 1 | 1 | 1 | -4 |
| EPS in Rs | 0.48 | 0.93 | 0.73 | -2.70 | |||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 68% | 0% |
Financials of SPP Polymer
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 3 | 3 | 11 | 15 | 15 |
| Reserves | 11 | 12 | 17 | 22 | 14 | 36 | 31 |
| Borrowings + | 8 | 5 | 13 | 22 | 19 | 8 | 13 |
| Other Liabilities + | 4 | 4 | 6 | 8 | 27 | 22 | 23 |
| Total Liabilities | 25 | 22 | 38 | 54 | 71 | 81 | 82 |
| Fixed Assets + | 6 | 6 | 7 | 27 | 24 | 23 | 20 |
| CWIP | 0 | 0 | 4 | 0 | 0 | 1 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 19 | 16 | 27 | 27 | 46 | 57 | 61 |
| Total Assets | 25 | 22 | 38 | 54 | 71 | 81 | 82 |
Financials of SPP Polymer
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 + | 4 | -6 | 4 | 6 | -10 | 2 | |
| Cash from Investing Activity + | -0 | -6 | -17 | -2 | -5 | 0 | |
| Cash from Financing Activity + | -4 | 13 | 12 | -5 | 15 | -2 | |
| Net Cash Flow | 0 | 0 | -0 | -1 | -0 | 0 | |
| Free Cash Flow | 4 | -13 | -14 | 5 | -12 | 1 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 200% | -397% | 149% | 105% | -158% | -95% |
Financials of SPP Polymer
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 54 | 46 | 43 | 56 | 55 | 75 |
| Inventory Days | 64 | 29 | 53 | 71 | 129 | 133 | 118 |
| Days Payable | 16 | 12 | 24 | 41 | 124 | 86 | 81 |
| Cash Conversion Cycle | 93 | 70 | 76 | 73 | 61 | 102 | 112 |
| Working Capital Days | 31 | 35 | 29 | 34 | 30 | 81 | 73 |
| ROCE % | 9% | 4% | 5% | 9% | 7% | -6% |
SPP Polymer: frequently asked questions
What is SPP Polymer share price today?
SPP Polymer last traded at ₹11.8, with a market capitalisation of ₹18 Cr.
What is the promoter holding in SPP Polymer?
Promoters held 67.26% of SPP Polymer in Sep 2026 (+0.18 pp versus Mar 2026).
How much do FIIs and DIIs hold in SPP Polymer?
In Sep 2026, foreign institutional investors held 0.00% and domestic institutions (including mutual funds) held — of SPP Polymer.
What is SPP Polymer's ROE and ROCE?
SPP Polymer's return on equity is -8.56% and its return on capital employed is -5.5%.
Does SPP Polymer pay a dividend?
SPP Polymer's dividend yield is 0% at the current price; see the SPP Polymer dividends page for past payouts.
Which sector does SPP Polymer belong to?
SPP Polymer is in the Industrial Products sector. Its peer comparison and sector ranking are on this page.
What did SPP Polymer's management say on the latest earnings call?
Arthneeti's analysis of the Q2 FY27 earnings call covers revenue, margins, capex and fundraising guidance from SPP Polymer's management.
How does Arthneeti AI analyse SPP Polymer?
Arthneeti reads SPP Polymer's earnings call transcripts and filings and scores revenue growth, margins, capex and fundraising, then ranks the company against its sector.
Continue your research
What SPP Polymer's management said in earlier quarters
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