1. India Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Axel Polymers Limited

Axel Polymers Limited

BBSE:AXELPOLY
45.00
INR
-1.00
(-2.17%)
-1.25EPS
488.34MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
12.93
37.66
43.09
50.87
62.73
56.68
53.25
56.73
85.61
97.04
150.19
91.69
47.95
48.68
Basic EPS, GAAP
-4.15
0.29
0.36
0.5
0.54
1.09
0.22
0.77
1.08
1.39
1.83
0.2
-1.22
-1.25
Free Cash Flow per Basic Share
2.77
0.4
-4.31
0.55
-2.33
1.84
2.46
-2.49
3.33
5.05
2.16
-5.46
-3.41
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2.31
1.99
2.34
2.81
3.4
4.49
4.63
26.56
14.47
15.89
17.6
17.78
22.95
- -
Tangible Book Value per Share
2.31
1.99
2.34
2.81
3.4
4.49
4.63
17.84
10.02
11.42
13.15
13.33
19.43
- -
Basic Weighted Avg Shares
4
4
4
4
4
4
4
9
9
9
9
9
9
10
Sales/Revenue/Turnover
56
162
185
219
270
244
229
483
729
826
1,279
781
444
489
Operating Margin (%)
-16.75
6.01
4.98
4.17
3.84
5.46
4.51
7.22
5.5
5.55
4
4.38
3.97
3.6
Depreciation Expense
5
5
2
2
3
3
4
4
5
5
7
6
7
7
Net Income, GAAP
-18
1
2
2
2
5
1
7
9
12
16
2
-11
-13
Effective Tax Rate (%)
- -
- -
- -
15.64
19.06
- -
- -
- -
31.74
30.39
31.94
44.28
- -
- -
Profit Margin (%)
-32.08
0.77
0.82
0.98
0.86
1.92
0.41
1.36
1.26
1.43
1.22
0.22
-2.54
-2.58
Working Capital
-8
12
18
11
15
9
12
51
65
80
97
86
173
- -
LT Debt
15
6
7
6
5
6
5
48
49
65
71
65
25
- -
Total Equity
10
9
10
12
15
19
20
114
123
135
150
151
252
- -
Return on Invested Capital (%)
- -
2.34
2.61
11.9
10.6
- -
- -
- -
7.18
8.2
8.68
4.21
- -
- -
Return on Capital (%)
- -
15.02
12.97
12.16
9.78
- -
- -
- -
7.27
8.17
8.05
3.76
- -
- -
Return on Common Equity (%)
-94.7
13.5
16.38
19.46
17.37
27.57
4.77
9.78
7.72
9.16
10.91
1.15
-5.58
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
273
- -
LT Borrowings
- -
25
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
562
480
488

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
551
- -
Cash, Cash Equivalents & STI
- -
34
- -
Accounts Receivable, Net
- -
95
- -
Inventories
- -
410
- -
Total Current Liabilities
- -
378
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
273
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
64.65%
19.24%
66.75%
Free Cash Flow
-170.44%
-124.82%
-32.04%
Net Income, GAAP
-6.63%
-147.55%
-749.22%
Sales/Revenue/Turnover
17.36%
7.38%
-43.15%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
422
139
111
143
781
2026
117
107
89
131
444
2027
162
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-0.62
-0.95
-0.89
2.62
0.2
2026
0.05
0.01
-0.56
-0.75
-1.22
2027
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Gaurav Surendrakumar Thanky
Full Time Employees
83
Sector
Process industries
Industry
Industrial specialties
Address
302, Bhoomi Prarambh Mumbai MA India 400092
IPO Date
Aug 25, 1994
Website
axelpolymers.com
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Business
Axel Polymers Limited is an India-based company primarily engaged in the manufacturing of compounds, blends, and alloys of engineering and specialty polymers. The company offers a diverse product portfolio including thermoplastic compounds such as PBT (Polybutylene Terephthalate) compounds, polycarbonate compounds, mPPE (modified Polyphenylene Ether) compounds, nylon compounds, and various polymer additives including glass fiber, flame retardants, and impact modifiers. Axel also engages in trading polymer compounds and provides product design and development support, material selection, and cost-effective solutions to its customers. Founded in 1992 and headquartered in Vadodara, Gujarat, the company operates its plant in the polymer belt of India and serves multinational and domestic corporates across India. Recent major developments include the merger with Dhara Petrochemicals Pvt Ltd, which has strengthened its market position and management expertise under the leadership of its Managing Director. Axel Polymers has recorded nearly 50% increase in total operating income in FY 2024, attributed to growing demand for products like polycarbonate and PPE compounds. The company has also introduced "Utility Compounds" made from reprocessed base polymers as part of its Go Green initiative, aiming to provide environmentally friendly and cost-effective alternatives. Management changes were made in 2025 including the appointment of a new independent director. Despite challenges posed by an ongoing GST investigation since 2024, Axel Polymers maintained profitability and improved debt protection metrics as of the latest financial reports. The company continues to focus on expanding its product offerings and strengthening customer relationships in the engineering polymers segment.