Polyspin Exports Ltd

NSE: BSE: 539354

₹28.17

-1.83 (6.10%)

Thu, 22 Oct 2026, 08:59 pm

MTF 5xInvest in Polyspin Exports Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)31.58

PE Ratio4.98

Dividend0

Process Industries

Containers/Packaging

24.5K

Polyspin Exports Balance Sheet

Income Statement Balance Sheet Cashflow

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-8.31M	-6.27M	-16.56M	-21.06M	-31.21M	-42.66M	-50.45M	-43.95M	-51.35M	-52.28M	-56.21M	-52.51M	-57.68M	-53.81M	-35.63M	-44.89M	-71.00M
Pretax equity in earnings	0	0	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	0	0	0	0	0	0	0	0	0	168.18K	1.44M	825.81K	12.41M	2.14M	45.16M	8.32M	15.40M
Total assets	165.37M	213.39M	345.49M	461.86M	551.79M	645.55M	661.54M	884.97M	950.66M	1.05B	1.21B	1.19B	1.49B	1.57B	1.62B	1.59B	1.67B
Total current assets	91.08M	135.64M	202.68M	229.48M	292.34M	381.97M	388.62M	477.94M	524.84M	638.48M	730.86M	688.43M	1.01B	1.09B	1.02B	969.32M	1.05B
Cash and short term investments	14.17M	16.70M	24.05M	18.76M	31.45M	38.81M	46.77M	39.29M	45.53M	52.43M	116.33M	133.90M	157.22M	219.77M	115.60M	86.23M	93.66M
Cash & equivalents	—	—	9.83M	2.28M	13.37M	10.74M	15.74M	18.14M	19.49M	15.92M	26.24M	3.32M	25.76M	90.10M	2.78M	2.00M	4.42M
Short term investments	—	—	14.23M	16.48M	18.08M	28.07M	31.03M	21.16M	26.04M	36.51M	90.09M	130.58M	131.46M	129.67M	112.82M	84.23M	89.24M
Total receivables, net	45.46M	77.62M	64.22M	68.91M	124.53M	158.17M	141.96M	161.06M	211.22M	309.35M	295.70M	273.33M	277.18M	409.08M	322.37M	294.86M	447.21M
Accounts receivable - trade, net	24.99M	49.90M	57.03M	67.36M	74.86M	149.77M	136.92M	139.77M	180.85M	248.07M	211.99M	243.50M	257.38M	402.35M	322.36M	294.86M	447.21M
Other receivables	20.47M	27.72M	7.19M	1.55M	49.67M	8.40M	5.03M	21.29M	30.37M	61.28M	83.71M	29.83M	19.81M	6.73M	5.00K	6.00K	0
Total inventory	31.45M	41.32M	86.90M	89.44M	111.67M	137.51M	135.45M	178.17M	215.35M	250.90M	271.83M	248.76M	471.45M	336.74M	462.43M	368.08M	378.76M
Other current assets, total	0	0	4.01M	26.28M	3.59M	44.47M	62.53M	97.27M	50.07M	25.03M	45.82M	30.91M	94.72M	108.18M	101.08M	208.22M	117.11M
Total non-current assets	74.29M	77.74M	142.81M	232.38M	259.45M	263.58M	272.92M	407.04M	425.82M	407.98M	477.75M	501.66M	487.86M	473.54M	596.12M	624.04M	614.31M
Long term investments	5.97M	5.97M	5.97M	6.33M	6.35M	6.35M	6.35M	6.35M	15.99M	13.64M	13.19M	13.88M	26.35M	27.56M	72.12M	78.50M	92.24M
Note receivable - long term	0	0	0	0	0	0	0	0	5.01M	2.61M	738.15K	555.26K	422.69K	194.00K	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	6.35M	6.35M	6.35M	6.35M	10.50M	0	0	13.33M	24.94M	27.56M	72.12M	78.50M	92.24M
Other investments	5.97M	5.97M	5.97M	6.33M	0	0	0	0	488.40K	11.03M	12.45M	0	992.80K	0	0	0	0
Net property/plant/equipment	68.32M	71.77M	136.84M	226.05M	252.87M	257.04M	266.42M	400.57M	397.81M	384.46M	448.85M	477.37M	457.65M	435.92M	497.04M	528.93M	500.94M
Gross property/plant/equipment	117.29M	115.96M	188.99M	292.69M	338.85M	361.96M	390.05M	545.04M	565.69M	579.30M	668.22M	725.53M	738.98M	744.35M	842.77M	827.33M	840.40M
Deferred tax assets	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	—	7.20K	7.20K	0	231.35K	190.82K	151.25K	116.37K	81.46K	390.29K	220.51K	188.07K	210.13K	187.00K	189.00K	199.00K	121.00K
Goodwill, net	0	7.20K	7.20K	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	0	0	0	231.35K	190.82K	151.25K	116.37K	81.46K	390.29K	220.51K	188.07K	210.13K	187.00K	189.00K	199.00K	121.00K
Other long term assets, total	0	0	0	0	0	0	0	0	11.93M	9.49M	15.50M	10.22M	3.64M	9.87M	26.77M	16.41M	21.01M
Short term debt	—	—	110.52M	148.63M	218.10M	282.43M	269.70M	359.25M	369.42M	443.74M	498.79M	510.37M	711.96M	596.94M	566.44M	542.13M	700.86M
Current portion of LT debt and capital leases	—	—	—	0	0	0	0	43.44M	38.07M	33.20M	49.42M	33.66M	30.15M	57.30M	52.23M	54.76M	38.12M
Short term debt excl. current portion of LT debt	—	—	110.52M	148.63M	218.10M	282.43M	269.70M	315.81M	331.36M	410.54M	449.37M	476.71M	681.81M	539.65M	514.22M	487.36M	662.75M
Accounts payable	—	—	25.70M	25.62M	28.59M	24.07M	59.40M	106.61M	144.06M	158.45M	158.38M	100.02M	104.37M	79.82M	202.28M	168.42M	61.83M
Income tax payable	—	—	25.64M	24.02M	17.88M	24.79M	33.16M	34.88M	35.38M	22.60M	—	—	34.76M	41.59M	4.65M	0	—
Long term debt	59.28M	85.04M	76.07M	146.46M	158.91M	145.26M	96.22M	140.65M	120.19M	88.24M	112.76M	102.12M	79.71M	185.17M	132.94M	205.23M	153.59M
Long term debt excl. lease liabilities	59.28M	85.04M	75.74M	144.50M	157.85M	144.46M	93.64M	137.97M	117.76M	88.24M	112.76M	102.12M	79.71M	185.17M	132.94M	205.23M	153.59M
Total equity	66.84M	72.15M	82.46M	93.85M	99.15M	125.00M	152.44M	175.74M	218.96M	264.13M	335.36M	385.21M	474.67M	564.24M	598.33M	585.37M	631.03M
Shareholders' equity	66.84M	72.15M	82.46M	93.85M	99.15M	125.00M	152.44M	175.74M	218.96M	264.13M	335.36M	385.21M	474.67M	564.24M	598.33M	585.37M	631.03M
Common equity, total	66.84M	72.15M	82.46M	93.85M	99.15M	125.00M	152.44M	175.74M	218.96M	264.13M	335.36M	385.21M	474.67M	564.24M	598.33M	585.37M	631.03M
Other common equity	26.84M	32.15M	42.46M	53.85M	59.15M	82.10M	110.10M	133.10M	170.25M	214.32M	285.76M	336.58M	408.99M	496.13M	463.37M	467.22M	499.52M
Total debt	59.28M	85.04M	186.59M	295.09M	377.01M	427.69M	365.92M	499.90M	489.61M	531.98M	611.55M	612.49M	791.68M	782.11M	699.38M	747.35M	854.46M
Net debt	45.11M	68.34M	162.54M	276.33M	345.57M	388.88M	319.15M	460.61M	444.08M	479.55M	495.23M	478.59M	634.45M	562.34M	583.78M	661.12M	760.79M
Change in accounts receivable	13.01M	-26.11M	-2.08M	-29.56M	-37.92M	-56.42M	-750.00K	-17.80M	-68.18M	-63.14M	36.08M	-31.51M	-13.88M	-144.97M	79.99M	27.51M	-152.35M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-5.42M	11.24M	9.60M	-702.00K	25.72M	18.80M	20.54M	-71.28M	37.44M	14.39M	-69.00K	-58.36M	4.35M	-24.55M	122.47M	-33.86M	-106.60M
Change in other assets/liabilities	0	0	0	0	0	0	0	0	0	-10.17M	-38.30M	54.70M	-31.25M	-51.50M	27.71M	-22.46M	21.02M
Sale of fixed assets & businesses	105.00K	1.12M	1.01M	305.00K	110.00K	1.35M	2.96M	649.00K	6.43M	4.35M	292.00K	590.00K	1.67M	5.34M	81.00K	7.76M	50.10M
Purchase/sale of investments, net	-12.30M	-22.22M	0	-365.00K	78.00K	0	0	0	-488.00K	-10.47M	-53.58M	-40.49M	-882.00K	1.79M	16.96M	27.52M	-4.48M
Sale/maturity of investments	0	0	0	0	78.00K	0	0	0	0	0	0	0	0	1.79M	16.96M	29.00M	536.00K
Purchase of investments	-12.30M	-22.22M	0	-365.00K	0	0	0	0	-488.00K	-10.47M	-53.58M	-40.49M	-882.00K	0	0	-1.49M	-5.01M
Other investing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	0	3.17M	0	0	0
Issuance/retirement of debt, net	-33.09M	25.76M	101.55M	108.50M	81.92M	50.68M	-61.77M	120.82M	-6.67M	47.23M	63.35M	16.70M	182.69M	-9.57M	-82.72M	47.97M	107.11M
Issuance/retirement of long term debt	-2.43M	-6.21M	54.77M	70.39M	12.45M	-13.65M	-49.04M	74.70M	-20.46M	-31.95M	24.52M	-10.64M	-22.41M	105.45M	-57.30M	74.82M	-68.28M
Issuance/retirement of short term debt	-30.66M	31.98M	46.78M	38.11M	69.47M	64.33M	-12.73M	46.11M	13.79M	0	0	27.34M	205.10M	-115.02M	-25.43M	-26.86M	175.39M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	79.19M	38.83M	—	—	—	—	—	—
Total cash dividends paid	-2.58M	-3.42M	-4.33M	-4.80M	-4.17M	-4.26M	-4.82M	-4.80M	-5.55M	-5.29M	-5.50M	-5.53M	-2.28M	-5.66M	-5.66M	-464.00K	-460.00K
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	-126.00K	20.00K	51.00K	0	513.00K	0	0	0

Particulars	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Interest expense on debt	-8.31M	-6.27M	-16.56M	-21.06M	-31.21M	-42.66M	-50.45M	-43.95M	-51.35M	-52.28M	-56.21M	-52.51M	-57.68M	-53.81M	-35.63M	-44.89M	-71.00M
Pretax equity in earnings	0	0	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—
Equity in earnings	0	0	0	0	0	0	0	0	0	168.18K	1.44M	825.81K	12.41M	2.14M	45.16M	8.32M	15.40M
Total assets	165.37M	213.39M	345.49M	461.86M	551.79M	645.55M	661.54M	884.97M	950.66M	1.05B	1.21B	1.19B	1.49B	1.57B	1.62B	1.59B	1.67B
Total current assets	91.08M	135.64M	202.68M	229.48M	292.34M	381.97M	388.62M	477.94M	524.84M	638.48M	730.86M	688.43M	1.01B	1.09B	1.02B	969.32M	1.05B
Cash and short term investments	14.17M	16.70M	24.05M	18.76M	31.45M	38.81M	46.77M	39.29M	45.53M	52.43M	116.33M	133.90M	157.22M	219.77M	115.60M	86.23M	93.66M
Cash & equivalents	—	—	9.83M	2.28M	13.37M	10.74M	15.74M	18.14M	19.49M	15.92M	26.24M	3.32M	25.76M	90.10M	2.78M	2.00M	4.42M
Short term investments	—	—	14.23M	16.48M	18.08M	28.07M	31.03M	21.16M	26.04M	36.51M	90.09M	130.58M	131.46M	129.67M	112.82M	84.23M	89.24M
Total receivables, net	45.46M	77.62M	64.22M	68.91M	124.53M	158.17M	141.96M	161.06M	211.22M	309.35M	295.70M	273.33M	277.18M	409.08M	322.37M	294.86M	447.21M
Accounts receivable - trade, net	24.99M	49.90M	57.03M	67.36M	74.86M	149.77M	136.92M	139.77M	180.85M	248.07M	211.99M	243.50M	257.38M	402.35M	322.36M	294.86M	447.21M
Other receivables	20.47M	27.72M	7.19M	1.55M	49.67M	8.40M	5.03M	21.29M	30.37M	61.28M	83.71M	29.83M	19.81M	6.73M	5.00K	6.00K	0
Total inventory	31.45M	41.32M	86.90M	89.44M	111.67M	137.51M	135.45M	178.17M	215.35M	250.90M	271.83M	248.76M	471.45M	336.74M	462.43M	368.08M	378.76M
Other current assets, total	0	0	4.01M	26.28M	3.59M	44.47M	62.53M	97.27M	50.07M	25.03M	45.82M	30.91M	94.72M	108.18M	101.08M	208.22M	117.11M
Total non-current assets	74.29M	77.74M	142.81M	232.38M	259.45M	263.58M	272.92M	407.04M	425.82M	407.98M	477.75M	501.66M	487.86M	473.54M	596.12M	624.04M	614.31M
Long term investments	5.97M	5.97M	5.97M	6.33M	6.35M	6.35M	6.35M	6.35M	15.99M	13.64M	13.19M	13.88M	26.35M	27.56M	72.12M	78.50M	92.24M
Note receivable - long term	0	0	0	0	0	0	0	0	5.01M	2.61M	738.15K	555.26K	422.69K	194.00K	—	—	—
Investments in unconsolidated subsidiaries	0	0	0	0	6.35M	6.35M	6.35M	6.35M	10.50M	0	0	13.33M	24.94M	27.56M	72.12M	78.50M	92.24M
Other investments	5.97M	5.97M	5.97M	6.33M	0	0	0	0	488.40K	11.03M	12.45M	0	992.80K	0	0	0	0
Net property/plant/equipment	68.32M	71.77M	136.84M	226.05M	252.87M	257.04M	266.42M	400.57M	397.81M	384.46M	448.85M	477.37M	457.65M	435.92M	497.04M	528.93M	500.94M
Gross property/plant/equipment	117.29M	115.96M	188.99M	292.69M	338.85M	361.96M	390.05M	545.04M	565.69M	579.30M	668.22M	725.53M	738.98M	744.35M	842.77M	827.33M	840.40M
Deferred tax assets	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net intangible assets	—	7.20K	7.20K	0	231.35K	190.82K	151.25K	116.37K	81.46K	390.29K	220.51K	188.07K	210.13K	187.00K	189.00K	199.00K	121.00K
Goodwill, net	0	7.20K	7.20K	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other intangibles, net	—	0	0	0	231.35K	190.82K	151.25K	116.37K	81.46K	390.29K	220.51K	188.07K	210.13K	187.00K	189.00K	199.00K	121.00K
Other long term assets, total	0	0	0	0	0	0	0	0	11.93M	9.49M	15.50M	10.22M	3.64M	9.87M	26.77M	16.41M	21.01M
Short term debt	—	—	110.52M	148.63M	218.10M	282.43M	269.70M	359.25M	369.42M	443.74M	498.79M	510.37M	711.96M	596.94M	566.44M	542.13M	700.86M
Current portion of LT debt and capital leases	—	—	—	0	0	0	0	43.44M	38.07M	33.20M	49.42M	33.66M	30.15M	57.30M	52.23M	54.76M	38.12M
Short term debt excl. current portion of LT debt	—	—	110.52M	148.63M	218.10M	282.43M	269.70M	315.81M	331.36M	410.54M	449.37M	476.71M	681.81M	539.65M	514.22M	487.36M	662.75M
Accounts payable	—	—	25.70M	25.62M	28.59M	24.07M	59.40M	106.61M	144.06M	158.45M	158.38M	100.02M	104.37M	79.82M	202.28M	168.42M	61.83M
Income tax payable	—	—	25.64M	24.02M	17.88M	24.79M	33.16M	34.88M	35.38M	22.60M	—	—	34.76M	41.59M	4.65M	0	—
Long term debt	59.28M	85.04M	76.07M	146.46M	158.91M	145.26M	96.22M	140.65M	120.19M	88.24M	112.76M	102.12M	79.71M	185.17M	132.94M	205.23M	153.59M
Long term debt excl. lease liabilities	59.28M	85.04M	75.74M	144.50M	157.85M	144.46M	93.64M	137.97M	117.76M	88.24M	112.76M	102.12M	79.71M	185.17M	132.94M	205.23M	153.59M
Total equity	66.84M	72.15M	82.46M	93.85M	99.15M	125.00M	152.44M	175.74M	218.96M	264.13M	335.36M	385.21M	474.67M	564.24M	598.33M	585.37M	631.03M
Shareholders' equity	66.84M	72.15M	82.46M	93.85M	99.15M	125.00M	152.44M	175.74M	218.96M	264.13M	335.36M	385.21M	474.67M	564.24M	598.33M	585.37M	631.03M
Common equity, total	66.84M	72.15M	82.46M	93.85M	99.15M	125.00M	152.44M	175.74M	218.96M	264.13M	335.36M	385.21M	474.67M	564.24M	598.33M	585.37M	631.03M
Other common equity	26.84M	32.15M	42.46M	53.85M	59.15M	82.10M	110.10M	133.10M	170.25M	214.32M	285.76M	336.58M	408.99M	496.13M	463.37M	467.22M	499.52M
Total debt	59.28M	85.04M	186.59M	295.09M	377.01M	427.69M	365.92M	499.90M	489.61M	531.98M	611.55M	612.49M	791.68M	782.11M	699.38M	747.35M	854.46M
Net debt	45.11M	68.34M	162.54M	276.33M	345.57M	388.88M	319.15M	460.61M	444.08M	479.55M	495.23M	478.59M	634.45M	562.34M	583.78M	661.12M	760.79M
Change in accounts receivable	13.01M	-26.11M	-2.08M	-29.56M	-37.92M	-56.42M	-750.00K	-17.80M	-68.18M	-63.14M	36.08M	-31.51M	-13.88M	-144.97M	79.99M	27.51M	-152.35M
Change in taxes payable	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Change in accounts payable	-5.42M	11.24M	9.60M	-702.00K	25.72M	18.80M	20.54M	-71.28M	37.44M	14.39M	-69.00K	-58.36M	4.35M	-24.55M	122.47M	-33.86M	-106.60M
Change in other assets/liabilities	0	0	0	0	0	0	0	0	0	-10.17M	-38.30M	54.70M	-31.25M	-51.50M	27.71M	-22.46M	21.02M
Sale of fixed assets & businesses	105.00K	1.12M	1.01M	305.00K	110.00K	1.35M	2.96M	649.00K	6.43M	4.35M	292.00K	590.00K	1.67M	5.34M	81.00K	7.76M	50.10M
Purchase/sale of investments, net	-12.30M	-22.22M	0	-365.00K	78.00K	0	0	0	-488.00K	-10.47M	-53.58M	-40.49M	-882.00K	1.79M	16.96M	27.52M	-4.48M
Sale/maturity of investments	0	0	0	0	78.00K	0	0	0	0	0	0	0	0	1.79M	16.96M	29.00M	536.00K
Purchase of investments	-12.30M	-22.22M	0	-365.00K	0	0	0	0	-488.00K	-10.47M	-53.58M	-40.49M	-882.00K	0	0	-1.49M	-5.01M
Other investing cash flow items, total	0	0	0	0	0	0	0	0	0	0	0	0	0	3.17M	0	0	0
Issuance/retirement of debt, net	-33.09M	25.76M	101.55M	108.50M	81.92M	50.68M	-61.77M	120.82M	-6.67M	47.23M	63.35M	16.70M	182.69M	-9.57M	-82.72M	47.97M	107.11M
Issuance/retirement of long term debt	-2.43M	-6.21M	54.77M	70.39M	12.45M	-13.65M	-49.04M	74.70M	-20.46M	-31.95M	24.52M	-10.64M	-22.41M	105.45M	-57.30M	74.82M	-68.28M
Issuance/retirement of short term debt	-30.66M	31.98M	46.78M	38.11M	69.47M	64.33M	-12.73M	46.11M	13.79M	0	0	27.34M	205.10M	-115.02M	-25.43M	-26.86M	175.39M
Issuance/retirement of other debt	—	—	—	—	—	—	—	—	—	79.19M	38.83M	—	—	—	—	—	—
Total cash dividends paid	-2.58M	-3.42M	-4.33M	-4.80M	-4.17M	-4.26M	-4.82M	-4.80M	-5.55M	-5.29M	-5.50M	-5.53M	-2.28M	-5.66M	-5.66M	-464.00K	-460.00K
Other financing cash flow items, total	0	0	0	0	0	0	0	0	0	-126.00K	20.00K	51.00K	0	513.00K	0	0	0