G M Polyplast Ltd

G M Polyplast Ltd

BBSE:GMPL
65.00
INR
-1.00
(-1.52%)
767.87MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
41.21
50.61
46.91
42.49
54.88
61.11
68.37
71.44
76.52
- -
Basic EPS, GAAP
0.69
1.03
1.7
2.86
3.12
3.66
5.27
5.53
6.14
- -
Free Cash Flow per Basic Share
1.11
0.37
1.38
-3.91
0.74
-0.9
2.22
-0.42
3.45
- -
Dividend per Share
- -
- -
- -
0.16
0.14
- -
0.5
- -
- -
- -
Book Value per Share
3.19
4.22
5.92
12.2
15.17
18.83
23.59
29.12
35.27
35.27
Tangible Book Value per Share
3.19
4.22
5.92
12.2
15.17
18.83
23.55
29.07
35.21
35.21
Basic Weighted Avg Shares
13
13
13
12
13
13
13
13
13
13
Sales/Revenue/Turnover
555
681
631
521
739
823
920
962
1,030
- -
Operating Margin (%)
2.88
3.28
4.71
9.76
6.86
8.19
11
10.86
11.08
- -
Depreciation Expense
5
6
8
6
10
12
13
13
14
- -
Net Income, GAAP
9
14
23
35
42
49
71
74
83
- -
Effective Tax Rate (%)
28.19
27.93
21.65
26.29
23.59
24.03
28.19
25.48
25.76
- -
Profit Margin (%)
1.66
2.03
3.63
6.73
5.68
5.98
7.7
7.74
8.03
- -
Working Capital
28
23
37
129
131
188
255
320
369
369
LT Debt
20
9
3
9
2
3
8
6
9
9
Total Equity
43
57
80
164
204
253
318
392
475
475
Return on Invested Capital (%)
- -
17.73
23.38
25.03
19.57
20.95
24.06
21.31
18.85
- -
Return on Capital (%)
- -
18.05
25.2
25.75
21.91
20.9
24.21
21.26
18.89
- -
Return on Common Equity (%)
- -
27.7
33.61
28.78
22.76
21.5
24.82
20.98
19.08
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
3
8
8
LT Borrowings
6
13
9
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
13
Market Capitalization
1,104
1,009
768

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
404
467
476
Cash, Cash Equivalents & STI
10
27
57
Accounts Receivable, Net
211
195
254
Inventories
137
145
102
Total Current Liabilities
84
126
106
Payables & Accruals
- -
- -
- -
ST Debt
3
8
8
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
23.66%
21.09%
Free Cash Flow
- -
-344.64%
-915.67%
Net Income, GAAP
- -
19.39%
11.05%
Sales/Revenue/Turnover
- -
15.3%
7.11%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
920
2025
- -
- -
962
2026
- -
- -
1,030

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
5.27
2025
- -
- -
5.53
2026
- -
- -
6.14

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.5
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Dinesh Balbirsingh Sharma
Full Time Employees
264
Sector
Process industries
Industry
Industrial specialties
Address
A/66, New Empire Industial Estate Mumbai MA India 400059
IPO Date
Oct 14, 2020
Business
G M Polyplast Limited engages in the manufacture and supply of high-grade plastic sheets and granules in India. The company produces a diverse product range including high impact polystyrene (HIPS) sheets and rolls; acrylonitrile butadiene styrene (ABS) sheets and granules; amorphous polyethylene terephthalate (A-PET) and recycled polyethylene terephthalate (RPET) sheets and rolls; high-density polyethylene (HDPE) sheets and granules; polypropylene (PP) sheets and granules; and electrostatic discharge (ESD) materials. These products serve various end-markets such as packaging for pharmaceuticals, food and FMCG, automotive interiors, and agricultural applications. Incorporated in 2003 and headquartered in Mumbai, India, G M Polyplast operates primarily within the Indian market. In recent years, G M Polyplast has maintained steady operational growth with a focus on expanding its product offerings within the plastic sheets and granules segment. The company has undertaken strategic fundraising initiatives, including board-approved capital raises to support its operational scale and transition to the main board of the Indian stock exchanges. It has focused on improving profitability and maintaining a strong balance sheet by reducing debt. While revenue growth has been modest, profit growth has been robust, highlighting operational efficiency improvements. The company has also taken steps in corporate governance with recent changes in board composition to strengthen leadership. G M Polyplast's product portfolio and market strategy emphasize the manufacture of diverse plastic materials tailored to specialized industrial applications. Its operations are centered on serving Indian customers with high-quality plastic raw materials and finished sheets that are critical for packaging, industrial components, and other uses. The company continues to focus on quality, cost-effectiveness, and timely delivery to maintain its competitive position in the domestic plastic manufacturing industry. G M Polyplast remains a significant player in its niche, leveraging its product breadth and operational discipline to drive shareholder value. This description consolidates G M Polyplast's core manufacturing activities, product focus, geographic and industry positioning, and recent financial and operational developments into a comprehensive corporate overview as of late 2025.