Axel Polymers Ltd (AXELPOLY)

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Axel Polymers Ltd (AXELPOLY) · mywealthgrid

About

Axel Polymers Ltd operates in Plastic Products - Industrial within the Industrials sector.

Face value: ₹10

Market cap

₹48 Cr

P/E

255.6×

P/B

1.9×

Dividend yield

ROE

-5.6%

ROCE

6.7%

Debt / equity

1.18

OPM

5.5%

EPS (TTM)

₹0.2

Book value

₹22.9

52-week high

—

52-week low

—

2,135 historical price candles were omitted because the exchange source has not been verified.

₹43.7-4.1%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 2.2% (3-yr avg)
−Thin operating margin of 5.5%
−Revenue shrank over the last 5 years (-1.7% a year)
−Weak interest coverage of 0.6×
−Expensive at 255.6× trailing earnings
−Promoter holding fell 14.5 pts over the last year

Research score

Structured signal from quality, growth, valuation and momentum.

28/100

Business quality: 10
Growth: 50
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Supreme Industries LimitedSUPREMEINDSUPREMEIND	₹42,926 Cr	₹42,926 Cr	₹11,326 Cr	₹1,632 Cr	13.9%	₹1,032 Cr	8.5%	19.1%	16.1%	44
Garware Hi-Tech Films LimitedGRWRHITECHGRWRHITECH	₹16,067 Cr	₹16,067 Cr	₹2,258 Cr	₹497 Cr	20.5%	₹388 Cr	16%	17.6%	13.5%	89
Finolex Industries LimitedFINPIPEFINPIPE	₹9,338 Cr	₹9,775 Cr	₹3,954 Cr	₹692 Cr	16.5%	₹615 Cr	14.6%	12.2%	9.7%	133
Kingfa Science & Technology (India) LimitedKINGFAKINGFA	₹8,958 Cr	₹8,958 Cr	₹2,222 Cr	₹314 Cr	13.1%	₹226 Cr	9.3%	23.6%	17.4%	100
Time Technoplast LimitedTIMETECHNOTIMETECHNO	₹8,869 Cr	₹9,508 Cr	₹6,445 Cr	₹922 Cr	14.6%	₹490 Cr	7.8%	18.2%	13.4%	161
Prince Pipes And Fittings LimitedPRINCEPIPEPRINCEPIPE	₹2,731 Cr	₹2,871 Cr	₹2,627 Cr	₹270 Cr	8.9%	₹102 Cr	2.8%	6.4%	4.5%	71
Apollo Pipes LimitedAPOLLOPIPEAPOLLOPIPE	₹2,255 Cr	₹2,379 Cr	₹1,125 Cr	₹49 Cr	6%	₹-15 Cr	0.4%	2.1%	0.6%	58
Jain Irrigation Systems LimitedJISLJALEQSJISLJALEQS	₹1,951 Cr	₹6,013 Cr	₹6,362 Cr	₹765 Cr	12.5%	₹-53 Cr	-0.6%	7.3%	-0.4%	230
Jai Corp LimitedJAICORPLTDJAICORPLTD	₹1,571 Cr	₹1,571 Cr	₹541 Cr	₹70 Cr	10.6%	₹93 Cr	32.9%	13.1%	11.7%	269
Premier Polyfilm LimitedPREMIERPOLPREMIERPOL	₹949 Cr	₹949 Cr	₹365 Cr	₹50 Cr	13.6%	₹35 Cr	9.4%	31.2%	24.1%	102
R M Drip And Sprinklers Systems LimitedRMDRIPRMDRIP	₹587 Cr	₹640 Cr	₹207 Cr	₹53 Cr	26.6%	₹35 Cr	17.7%	33.6%	31.5%	268
Prakash Pipes LimitedPPLPPL	₹582 Cr	₹621 Cr	₹780 Cr	₹118 Cr	15.1%	₹83 Cr	10.7%	28.6%	20.5%	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	22	27	24	23	48	73	83	128	78	44
COGS	-2	-4	-22	-18	-17	37	62	71	115	67	34
Gross profit	—	—	—	—	—	11	11	12	13	11	10
	17	25	47	41	39	7	7	7	7	7	8
	1	1	1	2	1	4	4	5	6	4	2
OPM %	8.7%	5.1%	5.3%	6.9%	6.1%	8.1%	5.6%	6.2%	4.5%	5.1%	5.5%
Depreciation	0	0	0	0	0	0	0	1	1	1	1
Interest	1	1	1	1	1	3	3	3	3	3	3
	—	—	0	—	—	0	1	0	0	0	0
Profit before tax	0	0	0	0	0	1	1	2	2	0	-1
Tax	—	—	—	—	—	-0	0	1	1	0	-0
Tax %	—	—	—	—	—	-15.8%	32.1%	30.6%	31.9%	45.2%	-10.4%
	0	0	0	0	0	1	1	1	2	0	-1
PAT margin %	1.4%	1.1%	1.5%	1.8%	0.4%	1.4%	1.3%	1.4%	1.2%	0.2%	-2.6%
EPS (₹)	0.5	0.6	0.9	1	0.2	0.5	—	—	—	—	-1.2
EPS adjusted (₹)	—	—	—	—	0.2	0.8	1.1	1.4	1.8	0.2	-1
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	9	9	9	9	9	11
Reserves	—	3	4	5	6	7	14
	—	26	26	25	26	34	30
	—	14	17	16	24	18	15
Total equity & liabilities	—	52	55	55	64	67	70
	8	8	8	9	10	10	10
CWIP	—	0	0	0	0	0	0
Investments	—	0	0	0	0	0	0
	—	44	48	46	55	57	60
Total assets	—	52	55	55	64	67	70

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	23.4%	15.2%	14.1%	10.1%	14.4%	23%
EBITDA margin %	6.9%	6.1%	8.1%	5.6%	6.2%	4.5%	5.1%	5.5%
EBIT margin %	5.5%	4.5%	7.2%	5%	5.6%	4%	4.4%	3.9%
PAT margin %	1.8%	0.4%	1.4%	1.3%	1.4%	1.2%	0.2%	-2.6%
Working capital
Receivable days	—	—	100	57	34	31	52	78
Inventory days	—	—	219	167	168	126	216	437
Payable days	—	—	126	95	80	71	91	102
NWC days	—	—	193	128	122	85	176	414
Leverage
Current ratio	—	—	1.15	1.17	1.23	1.23	1.19	1.46
Debt to EBITDA	—	—	6.62	6.32	4.91	4.43	8.58	12.23
Debt to equity	—	—	2.27	2.1	1.86	1.71	2.25	1.18
Interest coverage	1.5	1.1	1.2	1.5	1.5	1.8	1.1	0.6
Asset turnover	—	—	0.94	1.32	1.5	1.98	1.16	0.63
Return ratios
Return on assets %	—	—	1.3%	1.7%	2.1%	2.4%	0.3%	-1.6%
Return on capital employed %	—	—	22.9%	24.2%	26%	24.2%	16%	6.7%
Return on equity %	—	—	5.8%	7.5%	8.7%	10.4%	1.1%	-4.5%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.9%	61.49%	61.26%	61.26%	61.16%	61.16%	61.16%	61.16%	61.16%	60.26%	46.65%	46.65%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.23%	0.18%	0.18%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	37.87%	38.28%	38.51%	38.51%	38.61%	38.61%	38.61%	38.61%	38.61%	39.51%	53.17%	53.17%
No. of shareholders	—	—	—	—	—	—	—	—	10,067	10,168	10,136	10,109

Promoter holding down 15.25 percentage points since Sep 2023.

14 deals · 21 Feb 2022 – 16 Jan 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
16 Jan 2026	TEJAL PARAG DATTANI	Bulk	BSE	Buy	80,000	₹48.00	₹0.38 Cr
16 Jan 2026	PARAG HASMUKH DATTANI	Bulk	BSE	Sell	80,000	₹48.00	₹0.38 Cr
3 Dec 2025	AARASP BEJAN BODHANWALA	Bulk	BSE	Sell	60,986	₹55.56	₹0.34 Cr
27 Oct 2025	VAIBHAV EQUISEC PRIVATE LIMITED	Bulk	BSE	Sell	80,000	₹50.10	₹0.40 Cr
27 Oct 2025	PARAG HASMUKH DATTANI	Bulk	BSE	Buy	80,000	₹50.10	₹0.40 Cr
27 Mar 2025	TEJAL PARAG DATTANI	Bulk	BSE	Buy	1,14,971	₹33.99	₹0.39 Cr
27 Mar 2025	CHIRAG ASHOK MEHTA	Bulk	BSE	Sell	1,07,000	₹34.00	₹0.36 Cr
6 Nov 2023	VAIBHAV EQUISEC PRIVATE LIMITED	Bulk	BSE	Buy	56,000	₹48.90	₹0.27 Cr
6 Nov 2023	TEJAL PARAG DATTANI	Bulk	BSE	Sell	56,000	₹48.90	₹0.27 Cr
20 Jul 2023	BHAVYA DHIMAN	Bulk	BSE	Sell	49,000	₹41.99	₹0.21 Cr

1–10 of 14

1 / 2

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. GAURAV SURENDRAKUMAR THANKYExecutive Director-Chairperson related to Promoter-MD
Mr. AARASP BEJAN BODHANWALANon-Executive - Non Independent Director
Mrs. DHARA GAURAV THANKYNon-Executive - Non Independent Director
Mr. CHIRAG BHUPENDRABHAI SHAHNon-Executive - Independent Director
Mr. ASHOKKUMAR NATWARLAL SHAHNon-Executive - Independent Director
Mr. YOGESH JESHTHANAND KESHARIYANon-Executive - Independent Director
Mr. Tejas B BhattChief Financial Officer
Mr. Yogesh KeshariyaNon - Executive Independent Director
Ms. Ashish ChaudharyCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Axel Polymers Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

19 announcementsExport CSV

28 Sept 2026, 6:14 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	23.4%	15.2%	14.1%	10.1%	14.4%	23%
EBITDA margin %	6.9%	6.1%	8.1%	5.6%	6.2%	4.5%	5.1%	5.5%
EBIT margin %	5.5%	4.5%	7.2%	5%	5.6%	4%	4.4%	3.9%
PAT margin %	1.8%	0.4%	1.4%	1.3%	1.4%	1.2%	0.2%	-2.6%
Working capital
Receivable days	—	—	100	57	34	31	52	78
Inventory days	—	—	219	167	168	126	216	437
Payable days	—	—	126	95	80	71	91	102
NWC days	—	—	193	128	122	85	176	414
Leverage
Current ratio	—	—	1.15	1.17	1.23	1.23	1.19	1.46
Debt to EBITDA	—	—	6.62	6.32	4.91	4.43	8.58	12.23
Debt to equity	—	—	2.27	2.1	1.86	1.71	2.25	1.18
Interest coverage	1.5	1.1	1.2	1.5	1.5	1.8	1.1	0.6
Asset turnover	—	—	0.94	1.32	1.5	1.98	1.16	0.63
Return ratios
Return on assets %	—	—	1.3%	1.7%	2.1%	2.4%	0.3%	-1.6%
Return on capital employed %	—	—	22.9%	24.2%	26%	24.2%	16%	6.7%
Return on equity %	—	—	5.8%	7.5%	8.7%	10.4%	1.1%	-4.5%

Date	Category	Subject	Filing
28 Sept 2026, 6:14 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
12 Sept 2026, 10:23 pm	Company Update General	Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015	PDF
12 Sept 2026, 9:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
12 Sept 2026, 4:17 pm	Company Update General	Receipt Of Show Cause Notice Issued By The Securities And Exchange Board Of India In The Matter Of GST	PDF
11 Sept 2026, 6:16 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
1 Sept 2026, 5:53 pm	Company Update Change in Corporate Office Address	Announcement under Regulation 30 (LODR)-Change in Corporate Office Address	PDF
1 Sept 2026, 5:49 pm	Company Update General	Intimation Regarding Shifting Of Place Of Maintenance Of Books Of Account And Relevant Records Of The Company	PDF
29 Aug 2026, 4:41 pm	Company Update General	Intimation Of Book Closure And Cut-Off Date For The 34Th Annual General Meeting Of Axel Polymers Limited	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	3	6	3	-4	-3
	-0	-0	-2	-2	-1	-0
	1	-3	-4	-2	6	4
Net cash flow	-0	0	1	-0	1	1
Free cash flow	-2	3	4	2	-5	-3
CFO / Operating profit %	-44.3%	78.1%	116.4%	59.8%	-92.2%	-107.4%

Axel Polymers Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1