Polysil Irrigation Systems Ltd.
NNSE:POLYSIL45.20
INR
-2.20
(-4.64%)
ISIN
INE517M01028
Return %
Stock
S&P 500
1Y
-83.74
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Bharatkumar Patel
- Full Time Employees
- 85
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Survey No- 340/1 Vadodara GU India 391780
- IPO Date
- Feb 16, 2024
- Website
- polysilirrigation.com
- Similar Companies
- Business
- Polysil Irrigation Systems Ltd. (POLYSIL.NS) manufactures and sells pipe fittings and micro irrigation systems in India. The company offers high-density polyethylene pipes (HDPE), linear low-density polyethylene pipes (LLDPE), and low-density polyethylene pipes (LDPE); drip irrigation systems and sprinkler irrigation systems, including mini and overhead sprinklers; and components, accessories, and allied products such as disc filters, screen filters, hydro-cyclone filters, sand filters, compression fittings, valves, fertilizer tanks, digital controllers, and pressure gauges under the Polysil brand. It provides these products to farmers, state governments, agriculture NGOs, and corporates through a network of eight distributors and around 425 dealers. The company operates primarily in the agriculture and horticulture sectors, targeting row crops like vegetables, fruits, flowers, and plantations with drip systems and broadcast crops such as cereals and oilseeds with sprinklers. Geographic operations span Gujarat, Tamil Nadu, Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh, Uttar Pradesh, Rajasthan, and Haryana, with dealer/distributor models in some states and institutional sales in others; it employs over 700 people with pan-India reach from its manufacturing facility in Vadodara, Gujarat. Founded in 1985 and headquartered at Survey No. 340/1, Raniya, Taluka Savli, District Vadodara, Gujarat, the company holds ISO 9000 certification and produces ISI-marked products. In recent developments, Polysil Irrigation Systems converted from a private to public limited company, received NSE in-principle approval for its initial public offering in January 2024, and listed on the NSE Emerge SME platform on February 16, 2024. Post-listing, it issued 1,11,64,000 equity shares and 35,096,000 convertible warrants on a preferential basis in April-June 2025 at INR 17.55 each, raising funds including INR 15.44 crore upfront from warrants to support expansion. The company also appointed new independent directors Mr. Pankaj Kapadiya and Mr. Parshottam Donga in March 2025, reconstituted board committees, and increased authorized share capital to INR 58 crore, amid a strategic shift toward higher capacity utilization and overseas opportunities despite a revenue decline to INR 13.89 crore and net loss of INR 1.85 crore in FY25.