Close 10 Sep 1505 scanned A
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BREADTH61%above 200-DMA
ADV / DEC558 / 939
NSE close 10 Sep

POLYPLEX

Polyplex Corporation Limited
Small capRs 3,532 crRs 7.1 cr traded a day
Close on 10 September 2026
1,125.30
−1.29%
52-week range78% of the way up
747.801,229.60
Market cap
3,532 cr
P/E (TTM)
13.0×
EPS (TTM)
86.59
Revenue YoY
+29.6%
Q1 FY27
Net margin
7.6%
+11.0pt vs a year ago
Growth trend
+22.1pt
vs last quarter’s YoY
1 month
-5.1%
Below 52w high
9.3%
RSI (14)
33
Daily swing
2.7%
average true range
Volume
1.1×
vs 20-day average
Traded
Rs 7 cr
median day
Close200-day averageMaterial filing
8001,0001,200Sep 25Nov 25Jan 26Mar 26May 26Jul 26Sep 26
260 sessions · hover for the filing behind a move

Key metrics

each ranked against every stock scanned tonight
Above the 200-day average
Above the median
+20.8%
One-year return
Around the median
+5.6%
Return on capital employed
Below the median
5.8%
Debt to equity
Around the median
0.22×
Profitable quarters, last four
of the last four reported
4 of 4
Cash conversion
cash from operations against reported profit
198%
Revenue growth, year on year
latest reported quarter
+29.6%
Below the 52-week high
from the highest close of the year
-8.5%
1 week
−6.44%
1 month
−5.08%
3 months
+23.16%
6 months
+27.15%
1 year
+5.64%

The read

written from the numbers on this page
The evidence leans constructive7 supporting, 0 against, 1 worth knowing

Supporting

  • trading 21% above its 200-day average
  • up 6% over twelve months
  • matches profit that turns into cash, which has beaten the market by +2.73 points over 20 sessions across 9,184 past signals
  • 8 of the scans it matches have a positive measured record
  • 4 independent kinds of evidence agree today, which is uncommon
  • revenue grew 30% year on year in the quarter ending 30 June 2026
  • net margin has widened from 1.9% to 7.6% across four quarters

Against

  • nothing the data supports either way

Worth knowing

  • the 50-day and 200-day averages disagree, which usually means a turn in progress rather than a trend to lean on
What would change this read: a close below 931, its 200-day average.
Assembled automatically from the figures on this page — the scans matched, their measured record, the filed financials, the derivatives positioning and the peer comparison. It is not a recommendation, no one has spoken to the company, and every claim above can be checked against a number further down this page.

What is working, what is not

from the filings and from the price, with the figure behind every line
Working5

Net margin improved from -3.4% to 7.6%.

-3.4%7.6%

Operating cash flow was Rs 537 cr against Rs 272 cr of profit, which is 198% of it.

Rs 537 crRs 272 cr198%

Revenue rose 29.6% year on year, from Rs 1,739 cr to Rs 2,254 cr.

+29.6%Rs 1,739 crRs 2,254 cr

Trading 20.8% above its 200-day average, which is the line most investors use to separate a bull phase from a bear one.

+20.8%

3 different kinds of evidence point at it tonight, not 3 versions of the same one.

3 families
Needs watching
Nothing on this side tonight — not in the filings and not in the price.
Every figure here is computed — from the company’s own filings, or from its own closing prices. Wording of 3 of these 3 filing lines was drafted by a language model, which is given the figures and may not introduce another — any sentence containing a number that did not come from the filings is discarded before it reaches this page.

How it has performed

price return over each window, beside the median NSE stock over the same days
this stockmedian NSE stock, same window-6.4%-5.6 pt vs market1W-5.1%-4.0 pt vs market1M+23.2%+20.5 pt vs market3M+27.2%+10.5 pt vs market6M+5.6%+8.8 pt vs market1Y

What the scans say today

10 of 47 matched on 10 Sep
POLYPLEX matches 10 of the 47 scans today, across 4 different kinds of evidence. Three or more independent families agreeing is uncommon — it is the same test the shortlist on every page uses.

Quality of the business

balance sheet as at 31 March 2026
Return on equity
6.4%
trailing profit over shareholders’ funds
Return on capital
5.8%
pre-tax profit over equity plus borrowings
Debt to equity
0.22×
917 cr borrowed against 4,240 cr of equity
Net debt
594 cr
borrowings less cash
Cash conversion
198%
operating cash flow as a share of profit
Receivable days
54
how long customers take to pay
Return on capital uses profit before tax over equity plus borrowings. The textbook version adds finance costs back; those are not tagged reliably in quarterly filings, so this understates the ratio for a heavily borrowed company rather than flattering it. Balance sheets are filed half-yearly, so these can be up to six months behind the profit figures above.

Valuation against its own history

500 sessions since 26 September 2024
median 16×
79×
now 13×
POLYPLEX trades at 13× trailing earnings, below its median of 16× over this window — 19% less expensive than usual. The band runs from the 5th to the 95th percentile, so single-day spikes do not set the edges.
This window is short by the standards of valuation history — it begins where four quarters of filed earnings first exist. A stock can look cheap against two years and expensive against ten.

Recent filings

from the exchange, newest first
08-14
19:26
Other filing
1 day+2.75 days+1.320 days
08-14
19:23
Other filing
1 day+2.75 days+1.320 days
08-11
19:14
Results
1 day-3.25 days-2.920 days-5.4
AGM / EGM filings were typically +0.17pt vs the market over the next 5 sessions (n=8,423) · Other filing filings were typically +0.01pt vs the market over the next 5 sessions (n=17,202) · Results filings were typically -0.51pt vs the market over the next 5 sessions (n=7,726)

The business

from the company’s filed results
Everything below is taken from the company’s own quarterly filing with the exchange — the XBRL document it submitted, not a vendor’s summary of it. Figures in rupees crore.
1.7k1.7k1.7k1.7k1.8k1.7k1.9k2.3k9.4%-3.4%7.6%Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
RevenueNet profit, drawn inside its revenue barNet margin, own scale belowrupees crore, per quarter as filed. Revenue bars start at zero.

Going for it

  • revenue grew 30% against the same quarter a year earlier
  • net margin widened from 2.0% to 7.6%
  • revenue rose in 3 of the last 4 quarters

Going against it

  • profit dropped 386% year on year
Quarter-by-quarter numbers, as filed
QuarterRevenueProfit before taxNet profitEPSNet margin
Q1 FY27
30 Jun · consolidated
2,25421117129.007.6%
Q4 FY26
31 Mar · consolidated
1,87143387.902.0%
Q3 FY26
31 Dec · consolidated
1,68225304.701.8%
Q2 FY26
30 Sep · consolidated
1,79423347.871.9%
Q1 FY26
30 Jun · consolidated
1,739-71-60-3.4%
Q4 FY25
31 Mar · consolidated
1,740-6-93.22-0.5%
Quarterly filings are unaudited unless stated. Consolidated figures are used where the company files both. A single quarter is a noisy thing — the trend across the column is worth more than the top row.

Where the price stands

the same figures every scan on this site is computed from
Trend
Distance from the averages traders watch. Above all of them is a bull phase; below the 200-day is the line most investors use to say otherwise.
Versus 50-day average-0.5%
Versus 200-day average+20.8%
Below 52-week high-8.5%
Above 52-week low+50.5%
Momentum
How hard it has been pushed lately. Above 70 on RSI is stretched, below 30 is washed out — neither is a signal on its own.
RSI (14)32.8
Higher closes in last 50 of 5
Six-month return+27.15%
Risk and liquidity
What a position costs to hold and to exit. Position sizing starts with the daily swing, not with conviction.
Typical daily swing (ATR)2.75%
Volume versus 20-day1.1x
Median daily turnoverRs 7.1 cr