Ashish Polyplast

BSE: ASHISHPO · Plastic Products - Industrial

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Snapshot

Unlock Ashish Polyplast's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Ashish Polyplast Limited is an Ahmedabad-based manufacturer specialising in a diverse range of PVC hoses, including suction, delivery, braided, and oil-resistant variants. The company serves critical sectors such as agriculture, construction, chemical processing, and fire fighting through its established brand, Ashish.

Business Model

The company generates revenue through the manufacturing and sale of polymer-based piping solutions, catering to both domestic and international markets. It leverages its Gujarat-based facility to produce durable fluid handling products for industrial and agricultural applications.

  • Establishment Year:1994

Growth Outlook

Growth is driven by the increasing demand for high-quality piping solutions in the agricultural and industrial sectors. The company continues to focus on expanding its footprint across domestic and export territories.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of PVC resin and other polymer raw materials can significantly impact profit margins.
  • Competitive Market Pressure. The company faces intense competition from both organised and unorganised players in the plastic products industry.
  • Regulatory and Environmental Compliance. Stricter environmental regulations regarding plastic manufacturing and waste management could increase operational costs.
  • Export Market Dependency. Exposure to international markets introduces risks related to currency fluctuations and geopolitical trade barriers.

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Key Metrics

REVENUE

₹16 Cr

TTM · standalone

+3.6%YoY

NET PROFIT

₹0.71 Cr

TTM · standalone

-10.1%YoY

EPS

₹1.26

TTM · standalone

+13.5%YoY

RETURN ON EQUITY

11.3%

TTM · standalone

-2.6 ppYoY

RETURN ON CAPITAL EMPLOYED

15.7%

TTM · standalone

-1.2 ppYoY

P/E

23.2x

Q3 FY25 · standalone

23.2 vs 30.8x5Y avg

EV/EBITDA

7.3x

Q3 FY25 · standalone

7.3 vs 12.5x5Y avg

EBITDA MARGIN

8.3%

TTM · standalone

+0.1 ppYoY

NET PROFIT MARGIN

4.2%

Q3 FY26 · standalone

+3.8 ppYoY

DEBT TO EQUITY

0.7%

Q1 FY26 · standalone

+0.6 ppYoY

Peers · Plastic Products - Industrial

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ashish PolyplastASHISHPO
₹9 Cr21.446.733.6%8.3%11.3%15.7%-26.8%
Dhabriya Polywood LimitedDHABRIYA
₹598 Cr19.8311.9114.4%21.2%28.1%34.1%+43.8%
Shish IndustriesSHISHIND
₹438 Cr54.6826.8215.6%13.3%6.3%8.8%+37.8%
Captain PolyplasCPL
₹384 Cr13.6810.2045.5%11.1%16.3%24.0%-5.7%
Candour TechtexCANDOUR
₹157 Cr42.5915.74-69.1%18.9%4.5%6.7%-11.9%
Jain Irrigation Systems LimitedJISLDVREQS
₹41 Cr15.164.819.9%12.7%0.1%6.8%-32.0%

As of Q3 FY25

Financials