Spppolymer - 2026 Company Profile, Team & Financials

About Spppolymer

Spppolymer is a publicly listed company. HDPEPP woven fabrics, bags, and non-woven products are manufactured. The company has 152 employees. Its Indian entity Spp Polymer Limited reported revenue of ₹113 Cr. Spppolymer offers products and services including HDPE/PP Woven Fabric and HDPE/PP Woven Bags.

Company details

Woven and non-woven fabrics and bags made from HDPEPP materials are produced by Spppolymer for packaging applications. Customized options, including laminated and non-laminated variants, are offered to address industry-specific requirements. Quality control is integrated into the manufacturing process to maintain product standards. Innovation in packaging is pursued through a dedicated research and development unit. Operations focus on the plastics and textiles sector, with a website at spppolymer.com.

Employees 152
Stage Public
Website spppolymer.com
Legal Name Spp Polymer Ltd.

Key Metrics

Market Cap
₹16.93 Cr
SPPPOLY-SM · NSE
Share Price
₹11.45
+4.09% today
Revenue
₹111 Cr
FY 2025-26 · +2.9% YoY
EBITDA
−₹2.61 Cr
Margin -2.4%
Net Profit
−₹4.17 Cr
FY 2025-26 · -469.0% YoY
ROE
-8.6%
ROCE -5.5%
Debt / Equity
0.21
Interest cover -15.7x
Employee Count
152

Associated legal entities of Spppolymer

Spppolymer is associated with 2 registered companies on The Company Check; the primary company is Spp Polymer Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Spp Polymer Limited Listed CIN L15412DL2004PLC128666	Active	27 Aug 2004	New Delhi, Delhi	₹113 Cr	152	8	View details
Spp Polymer Limited CIN U15412DL2004PLC128666		27 Aug 2004	Delhi, India				View details

Products & Services of Spppolymer

Spppolymer offers a comprehensive portfolio of products and services, including HDPE/PP Woven Fabric and HDPE/PP Woven Bags.

HDPE/PP Woven Fabric

Packaging Materials

HDPE/PP Woven Fabric is manufactured for use in strong and dependable bags across various applications.

HDPE/PP Woven Bags

Packaging Products

These bags are produced for packing several products in industries like agriculture and food.

Board of directors of Spp Polymer Limited (Spppolymer)

Spp Polymer Limited is the primary company behind Spppolymer. The board of Spp Polymer Limited currently have 6 directors; the longest-serving is Mahavir Bahety, appointed in 2005. 6 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Mahavir Bahety DIN 00428130	Whole-time director	17 Apr 2005	21 yrs 6 mo	Spp Polymer Limited
Liladhar Mundhara DIN 00606069	Whole-time director	03 Oct 2005	21 yrs	Spp Polymer Limited
Dipak Goyal DIN 00232244	CFO	11 Aug 2023	3 yrs 2 mo	Spp Polymer Limited
Pooja Garg DIN 10270989	Director	06 Oct 2023	3 yrs	Spp Polymer Limited
Rinku Gulgulia DIN 10185680	Director	06 Oct 2023	3 yrs	Spp Polymer Limited
Rakesh Kothari DIN 07391313	Director	06 Oct 2023	3 yrs	Spp Polymer Limited

IPO & Listings of Spppolymer

Spppolymer is a publicly listed company on the NSE with ticker symbol SPPPOLY in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

IPO date17 Sep 2024
Listed onNSE: SPPPOLY
Listed entitySPP Polymer Ltd.
Exchange sectorProcess industries
ISININE0QR801013
Share price₹11.75 (+4.44% on the day) · 2026-10-13
Market capitalisation₹17.3 Cr
EPS (diluted, trailing year)₹-2.70
Dividend yield4.44%
Volume (last session)10,000

Financials of Spppolymer

Exchange-reported figures of Spp Polymer Limited, the listed company behind Spppolymer (NSE: SPPPOLY-SM).

Financial Highlights

FY 2025-26 · Standalone

Revenue

₹111 Cr

+2.9% YoY

EBITDA

−₹2.61 Cr

-143.6% YoY

Profit After Tax

−₹4.17 Cr

-469.0% YoY

Net Worth

₹46.14 Cr

-9.7% YoY

Total Assets

₹59.06 Cr

+0.4% YoY

Total Debt

₹12.91 Cr

+67.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Income statement
Revenue	111	108	91.75	66.05	80.28	65.54	58.66
Revenue growth	+2.9%	+17.2%	+38.9%	-17.7%	+22.5%	+11.7%	-
EBITDA	(2.61)	5.98	6.17	2.67	1.56	2.37	2.19
EBITDA margin	-2.4%	+5.6%	+6.7%	+4.0%	+1.9%	+3.6%	+3.7%
Profit before tax	(4.19)	1.97	1.42	1.02	0.42	1.28	0.81
Net profit	(4.17)	1.13	0.98	0.54	0.29	1.06	0.54
Net profit margin	-3.8%	+1.1%	+1.1%	+0.8%	+0.4%	+1.6%	+0.9%
EPS (₹)	(2.70)	0.73	0.93	1.94	1.02	4.95	2.56
Balance sheet
Total assets	59.06	58.83	44.31	46.49	32.34	18.70	21.14
Net worth	46.14	51.11	25.33	24.34	19.72	13.95	12.88
Total debt	12.91	7.72	18.98	22.15	12.62	4.76	8.26
Cash & bank	0.06	0.02	0.08	0.81	1.24	0.89	0.69
Net working capital	34.78	31.33	18.03	18.22	19.76	11.47	13.99
Cash flow
Cash from operations	1.70	(9.83)	6.28	3.80	(6.47)	4.48	-
Cash from investing	0.12	(4.84)	(1.83)	(16.73)	(5.92)	(0.40)	-
Cash from financing	(1.78)	14.61	(5.19)	12.49	12.75	(3.88)	-

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Revenue	111	108	91.75	66.05	80.28	65.54	58.66
Revenue growth	+2.9%	+17.2%	+38.9%	-17.7%	+22.5%	+11.7%	-
Other income	2.74	1.34	2.06	0.73	0.50	0.38	0.30
Total expenses	113	102	85.58	63.38	78.72	63.17	56.47
Employee cost	9.48	9.43	5.35	4.46	5.34	4.31	3.89
EBITDA	(2.61)	5.98	6.17	2.67	1.56	2.37	2.19
EBITDA margin	-2.4%	+5.6%	+6.7%	+4.0%	+1.9%	+3.6%	+3.7%
Depreciation	3.38	3.69	4.11	1.27	1.03	0.96	1.04
Interest	0.94	1.66	2.70	1.11	0.61	0.51	0.64
Profit before tax	(4.19)	1.97	1.42	1.02	0.42	1.28	0.81
Tax	(0.02)	0.84	0.39	0.48	0.13	0.22	0.25
Net profit	(4.17)	1.13	0.98	0.54	0.29	1.06	0.54
Net profit margin	-3.8%	+1.1%	+1.1%	+0.8%	+0.4%	+1.6%	+0.9%
EPS (₹)	(2.70)	0.73	0.93	1.94	1.02	4.95	2.56

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Equity & liabilities
Share capital	15.39	15.39	11.24	2.81	2.75	2.16	2.16
Reserves & surplus	30.75	35.72	14.09	21.53	16.97	11.79	10.72
Shareholders' funds (net worth)	46.14	51.11	25.33	24.34	19.72	13.95	12.88
Secured loans	12.91	7.72	18.98	10.12	0.00	0.00	8.13
Unsecured loans	0.00	0.00	0.00	12.03	12.62	4.76	0.13
Total debt	12.91	7.72	18.98	22.15	12.62	4.76	8.26
Total liabilities	59.06	58.83	44.31	46.49	32.34	18.70	21.14
Assets
Gross block	52.32	51.40	49.18	48.03	26.51	24.73	24.93
Net block	20.25	22.71	24.18	27.02	6.77	6.01	6.18
Capital work in progress	0.36	0.65	0.27	0.12	4.34	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	28.81	28.92	24.61	10.22	9.42	3.96	8.00
Sundry debtors	22.75	16.24	14.12	7.83	10.22	9.72	7.11
Cash & bank balances	0.06	0.02	0.08	0.81	1.24	0.89	0.69
Loans & advances	5.85	7.85	5.83	7.05	4.76	0.57	2.23
Total current assets	57.47	53.03	44.64	25.91	25.64	15.14	18.03
Total current liabilities	22.69	21.70	26.61	7.69	5.88	3.67	4.04
Net working capital	34.78	31.33	18.03	18.22	19.76	11.47	13.99
Total assets	59.06	58.83	44.31	46.49	32.34	18.70	21.14

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Opening cash	0.02	0.08	0.81	1.24	0.89	0.69	-
Net cash from operating activities	1.70	(9.83)	6.28	3.80	(6.47)	4.48	-
Net cash from investing activities	0.12	(4.84)	(1.83)	(16.73)	(5.92)	(0.40)	-
Net cash from financing activities	(1.78)	14.61	(5.19)	12.49	12.75	(3.88)	-
Net change in cash	0.05	(0.06)	(0.73)	(0.43)	0.36	0.20	-
Closing cash	0.06	0.02	0.08	0.81	1.24	0.89	-

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21	FY 2019-20
Growth
Sales growth	+2.9%	+17.2%	+38.9%	-17.7%	+22.5%	+11.7%	-
EBITDA growth	-143.7%	-3.1%	+131.1%	+71.2%	-34.2%	+8.2%	-
PBT growth	-	+38.7%	+39.2%	+142.9%	-67.2%	+58.0%	+9997.0%
Net income growth	-469.0%	+15.3%	+81.5%	+86.2%	-72.6%	+96.3%	-
Revenue CAGR (3Y)	+18.8%	+10.2%	+11.9%	+4.0%	-	-	-
EBITDA CAGR (3Y)	-	+56.5%	+37.6%	+6.8%	-	-	-
Profitability & leverage
Net income margin	-3.8%	+1.1%	+1.1%	+0.8%	+0.4%	+1.6%	+1.0%
Return on capital employed	-5.5%	+7.0%	+9.1%	+5.4%	+4.0%	+9.0%	+6.8%
Return on net worth	-8.6%	+3.0%	+4.2%	+2.5%	+1.7%	+8.0%	+4.3%
Debt / equity	0.21	0.35	0.83	0.79	0.52	0.49	0.64
Long-term debt / equity	0.00	0.11	0.39	0.26	0.03	0.02	0.00
Interest cover	-15.69	72.49	131.07	79.29	115.09	36.17	55.65
Efficiency & per share
Fixed asset turnover	2.13	2.14	1.89	1.77	3.13	2.64	2.35
Inventory turnover	3.83	4.02	5.27	6.73	12.00	10.96	7.33
Debtors turnover	5.68	7.09	8.36	7.32	8.05	7.79	8.25
EPS (₹)	(2.70)	0.73	0.93	1.94	1.02	4.95	2.56
Dividend per share (₹)	0.00	0.50	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	29.98	33.21	22.53	86.60	71.81	64.56	59.61

Web traffic of Spppolymer

The website of Spppolymer (spppolymer.com) receives about 1.3K visits a month.

Monthly visits
1.3K
▲ 12.8% vs previous month

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Frequently Asked Questions about Spppolymer

How many employees does Spppolymer have?

Spppolymer has 152 employees.

What is the annual revenue of Spppolymer?

The primary company behind Spppolymer, Spp Polymer Limited, reported revenue of ₹113 Cr for FY 2026, up 3% year on year.

What does Spppolymer do?

Woven and non-woven fabrics and bags made from HDPEPP materials are produced by Spppolymer for packaging applications. Customized options, including laminated and non-laminated variants, are offered to address industry-specific requirements. Quality control is integrated into the manufacturing process to maintain product standards. Innovation in packaging is pursued through a dedicated research and development unit. Operations focus on the plastics and textiles sector, with a website at spppolymer.com.

What products or services does Spppolymer offer?

Spppolymer offers HDPE/PP Woven Fabric and HDPE/PP Woven Bags.

Is Spppolymer publicly traded?

Yes, Spppolymer is publicly traded on NSE under the ticker symbol SPPPOLY.

Which legal entities are associated with Spppolymer?

Spppolymer operates through Spp Polymer Limited.

Who are the directors of Spppolymer?

The legal entities of Spppolymer currently have 7 directors, including Liladhar Mundhara, Pooja Garg, Rinku Gulgulia and others.