Polylink Polymers (India) Limited - manufacturing in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L17299GJ1993PLC032905 Incorporated 08 January 1993 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - BSE: 531454 Public Limited Company manufacturing
Data last updated
Market Cap
₹46.85 Cr
POLYLINK · BSE
Share Price
₹21.86
+3.16% today
Revenue
₹84.60 Cr
FY 2025-26 · -7.3% YoY
EBITDA
₹2.89 Cr
Margin 3.4%
Net Profit
₹1.23 Cr
FY 2025-26 · -42.3% YoY
P/E (TTM)
31.1x
P/B 1.5x
ROE
4.0%
ROCE 5.6%
Debt / Equity
0.14
Interest cover 45.1x

About Polylink Polymers (India) Limited

Data last updated:

Polylink Polymers (India) Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the plastic and resins segment of the manufacturing sector. It was incorporated on 08 January 1993 and has been in existence for over 33 years.

Its director Uma Shankar Bhartia and family are #697 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L17299GJ1993PLC032905. Its GSTIN is 24AAACP4801B1Z6 (Gujarat). The company holds 7 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 531454.

The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹11.06 Cr. It is led by directors including Raviprakash Harishankar Goyal (Whole-Time Director) and Uma Shankar Bhartia.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Block No 229 – 230 Villagevalthera Taluka; Dholk Dist;, Ahmedabad, Gujarat, India – 387810.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹84.6 Cr, a decline of 7.3% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 1.5%) and EBITDA of ₹2.89 Cr (EBITDA margin 3.4%). The net worth stands at ₹31.13 Cr (up 4.1% YoY). Total assets are valued at ₹37.09 Cr (up 13.9% YoY).

The company has about 120 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹17.75 Cr and satisfied charges of ₹40.81 Cr on record. Court records list 27 cases involving the company, including 12 filed by the company and 15 filed against it; 3 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polylinkpolymers.com.

Company details

CIN L17299GJ1993PLC032905
Registration Number 032905
Incorporation Date 08 January 1993
ROC Ahmedabad
Listing Status Listed - Listed on BSE (531454)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

Recognitions & Rankings of Polylink Polymers (India)

Contact details

Polylink Polymers (India) Limited's registered office is in Ahmedabad, Gujarat. Its website is polylinkpolymers.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    Block No 229 – 230 Villagevalthera Taluka; Dholk Dist;, Ahmedabad, Gujarat, India – 387810
  • Industry
    Manufacturing, Plastic & Resins

To see the full contact details of Polylink Polymers (India) Limited, buy the company report.

Comprehensive company report
Polylink Polymers (India) Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Business activity

The main business activity of Polylink Polymers (India) is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Polylink Polymers (India) Limited, buy the company report.

Financials of Polylink Polymers (India) Limited

FY 2025-26 filings available

Polylink Polymers (India) Limited reported revenue of ₹84.6 Cr (down 7.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹84.60 Cr
-7.3% YoY
EBITDA
₹2.89 Cr
-30.0% YoY
Profit After Tax
₹1.23 Cr
-42.3% YoY
Net Worth
₹31.13 Cr
+4.1% YoY
Total Assets
₹37.09 Cr
+13.9% YoY
Total Debt
₹5.75 Cr
+122.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue84.6091.2374.6750.3645.6937.4347.05
Revenue growth-7.3%+22.2%+48.3%+10.2%+22.1%-20.5%-
EBITDA2.894.133.291.731.981.891.94
EBITDA margin+3.4%+4.5%+4.4%+3.4%+4.3%+5.1%+4.1%
Profit before tax1.302.972.310.981.391.481.44
Net profit1.232.131.700.670.881.191.06
Net profit margin+1.5%+2.3%+2.3%+1.3%+1.9%+3.2%+2.3%
EPS (₹)0.550.960.780.290.410.540.48
Balance sheet
Total assets37.0932.5729.7226.5427.4026.0124.24
Net worth31.1329.9127.8226.0925.5124.5923.38
Total debt5.752.581.900.451.871.380.42
Cash & bank0.120.020.012.250.010.040.45
Net working capital13.7115.5014.1311.1711.369.518.41
Cash flow
Cash from operations5.272.33(2.14)4.130.480.283.80
Cash from investing(7.88)(2.65)(0.85)(0.52)(0.87)(1.18)(0.77)
Cash from financing2.610.330.87(1.49)0.360.71(2.94)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue23.4521.6120.4521.8820.6624.0422.4221.05
Revenue growth (YoY)+13.5%-10.1%-8.8%+3.9%-12.9%---
Other income0.060.200.040.220.050.040.130.03
Total expenses22.5220.7219.6221.4320.0323.8420.9220.12
EBITDA0.930.890.830.450.630.201.500.93
EBITDA margin+4.0%+4.2%+4.1%+2.1%+3.1%+0.8%+6.7%+4.5%
Depreciation0.400.370.390.370.310.250.260.25
Interest0.160.180.140.140.100.100.080.10
Profit before tax0.430.540.340.160.27(0.11)1.290.61
Tax0.01(0.08)0.10(0.02)0.07(0.03)0.360.19

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue23.4521.6120.4521.8820.6624.0422.4221.05
Revenue growth (YoY)+13.5%-10.1%-8.8%+3.9%-12.9%---
Other income0.060.200.040.220.050.040.130.03
Total expenses22.5220.7219.6221.4320.0323.8420.9220.12
EBITDA0.930.890.830.450.630.201.500.93
EBITDA margin+4.0%+4.2%+4.1%+2.1%+3.1%+0.8%+6.7%+4.5%
Depreciation0.400.370.390.370.310.250.260.25
Interest0.160.180.140.140.100.100.080.10
Profit before tax0.430.540.340.160.27(0.11)1.290.61
Tax0.01(0.08)0.10(0.02)0.07(0.03)0.360.19
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue84.6091.2374.6750.3645.6937.4347.05
Revenue growth-7.3%+22.2%+48.3%+10.2%+22.1%-20.5%-
Other income0.510.280.240.290.450.530.76
Total expenses81.7187.1071.3848.6343.7135.5445.11
Employee cost4.644.223.372.482.362.252.89
EBITDA2.894.133.291.731.981.891.94
EBITDA margin+3.4%+4.5%+4.4%+3.4%+4.3%+5.1%+4.1%
Depreciation1.451.010.950.940.890.820.90
Interest0.650.430.270.100.150.120.36
Profit before tax1.302.972.310.981.391.481.44
Tax0.070.840.580.320.510.290.38
Net profit1.232.131.700.670.881.191.06
Net profit margin+1.5%+2.3%+2.3%+1.3%+1.9%+3.2%+2.3%
EPS (₹)0.550.960.780.290.410.540.48
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.0611.0611.0611.0611.0611.0611.06
Reserves & surplus20.0718.8516.7615.0314.4513.5312.32
Shareholders' funds (net worth)31.1329.9127.8226.0925.5124.5923.38
Secured loans5.572.331.590.451.791.240.42
Unsecured loans0.180.250.310.000.080.140.00
Total debt5.752.581.900.451.871.380.42
Total liabilities37.0932.5729.7226.5427.4026.0124.24
Assets
Gross block30.7524.0822.9521.6421.4519.4919.17
Net block21.6016.3816.2015.7916.3315.2615.75
Capital work in progress0.090.000.000.000.001.200.00
Investments0.000.000.000.000.000.000.00
Inventories6.537.016.715.164.794.504.18
Sundry debtors15.0114.0212.086.489.297.477.27
Cash & bank balances0.120.020.012.250.010.040.45
Loans & advances0.510.420.390.160.380.590.30
Total current assets22.1721.4719.1914.0514.4712.6012.20
Total current liabilities8.465.975.062.883.113.093.79
Net working capital13.7115.5014.1311.1711.369.518.41
Total assets37.0932.5729.7226.5427.4026.0124.24
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.020.012.130.010.040.230.14
Net cash from operating activities5.272.33(2.14)4.130.480.283.80
Net cash from investing activities(7.88)(2.65)(0.85)(0.52)(0.87)(1.18)(0.77)
Net cash from financing activities2.610.330.87(1.49)0.360.71(2.94)
Net change in cash0.010.00(2.12)2.12(0.03)(0.19)0.09
Closing cash0.120.020.012.250.010.040.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-7.3%+22.2%+48.3%+10.2%+22.1%-20.5%-
EBITDA growth-30.0%+25.5%+90.2%-12.6%+4.8%-2.6%-
PBT growth-56.2%+28.6%+135.7%-29.5%-6.1%+2.8%-9.4%
Net income growth-42.3%+25.3%+153.7%-23.9%-26.1%+12.3%-
Revenue CAGR (3Y)+18.9%+25.9%+25.9%+2.3%-1.0%+2.8%+13.7%
EBITDA CAGR (3Y)+18.7%+27.8%+20.3%-3.8%-4.3%-12.9%-0.7%
Profitability & leverage
Net income margin+1.5%+2.3%+2.3%+1.3%+1.9%+3.2%+2.3%
Return on capital employed+5.6%+10.9%+9.2%+3.9%+5.8%+6.4%+7.3%
Return on net worth+4.0%+7.4%+6.4%+2.5%+3.6%+5.0%+4.7%
Debt / equity0.140.080.040.040.070.040.07
Long-term debt / equity0.040.020.010.010.020.010.00
Interest cover45.1413.7811.5412.6613.7611.2134.62
Efficiency & per share
Fixed asset turnover3.093.883.352.342.231.942.50
Inventory turnover12.5013.3012.5810.129.848.6211.45
Debtors turnover5.836.998.056.395.455.085.96
EPS (₹)0.550.960.780.290.410.540.48
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)14.0813.5212.5811.8011.5311.1210.57

To see the full year-wise statements and ratios of Polylink Polymers (India) Limited, buy the company report.

Board of directors of Polylink Polymers (India) Limited

Polylink Polymers (India) has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Uma Shankar BhartiaDirector08 Jan 199333 Years 9 MonthsCurrent
Pragya Bhartia BarwaleDirector30 Mar 201511 Years 6 MonthsCurrent
Raviprakash Harishankar GoyalWhole-Time Director01 Feb 200719 Years 8 MonthsCurrent
Jyoti ShastriDirector10 Mar 20215 Years 7 MonthsCurrent
Keerthinarayanan Ananthakrishna HemmigeDirector10 Aug 20224 Years 2 MonthsCurrent
Ashwini NagiaDirector05 Aug 20242 Years 2 MonthsCurrent

Auditor

Polylink Polymers (India) Limited is audited by M L GARG & CO. for the financial year 2022.

Auditor firmFinancial yearFirm registration number
M L GARG & CO.FY 2022001604N

Shareholding

Shareholding for the quarter ended Mar 2026: promoters hold 72.50%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 27.50%.

Promoters: 72.50%Retail & Others: 27.50%
Mar 2026
QUARTER
72.50% Promoters
27.50% Retail & Others
Promoter holding - history
Now 72.50% · Mar 2026High 72.50% · Jun 2025Low 72.50% · Jun 2025
71%71.8%72.5%73.3%74%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 72.50%Sep 2025: 72.50%Dec 2025: 72.50%Mar 2026: 72.50%72.50%72.50%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters72.50%72.50%72.50%72.50%
Public27.50%27.50%27.50%27.50%

Charges & borrowings

Open charges
₹17.75 Cr
Satisfied charges
₹40.81 Cr
Breakdown by lending institutions
Axis Bank Limited₹16.83 Cr
Hdfc Bank Limited₹0.92 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
05 Mar 2026101247797Hdfc Bank Limited₹10.23 LakhOpen
17 May 2025101096160Hdfc Bank Limited₹40 LakhOpen
08 Nov 2023100814843Hdfc Bank Limited₹42 LakhOpen
14 Nov 201410532864Axis Bank Limited₹16.83 CrOpen
27 Jan 2023100673320Hdfc Bank Limited₹20 LakhSatisfied

To see the full charge records of Polylink Polymers (India) Limited, buy the company report.

Total charge records: 12 View all charges

MSME payment delays

Polylink Polymers (India) Limited has 3 MSME Form 1 returns on record between 2019 and 2024, listing 61 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 10)

SupplierAmount dueDue sinceReported on
Hi-Tech Screw Barrel Works
M.J. Stones Private Limited
Gangotri Inorganic Private Limited
Jayam Industries
an individual supplier

To see the full MSME payment records of Polylink Polymers (India) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Polylink Polymers (India) has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Associated companies

Employees & EPFO

Polylink Polymers (India) Limited has a workforce of 120 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
120
Active EPFO establishments
1
Employee growth
15.38%

GST

Polylink Polymers (India) has 7 GST registrations: 1 active and 6 cancelled or inactive.

Total GSTINs
7
Active
1
Cancelled / inactive
6
GSTINStateStatusRegistered on
24AAACP4801B1Z6GujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Polylink Polymers (India) Limited, buy the company report.

Recent activity

Polylink Polymers (India) Limited has 24 board changes on record since 1993: 16 appointments and 8 cessations. The latest: Priyal Dangi was appointed as Company Secretary on 20 Aug 2025.

Charges
A charge registered on 27 Jan 2023 via Charge ID 100673320 with Hdfc Bank Limited was fully satisfied on 21 May 2026.
Filing
Polylink Polymers (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101247797 was registered on 05 Mar 2026.
AGM
Polylink Polymers (India) Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Axis Bank Limited of Rs. 16.83 Cr registered on 14 Nov 2014 with Charge ID 10532864 was modified on 15 Sep 2025.
Appointed
Priyal Dangi was appointed as Company Secretary.
Ceased
Dilipkumar Gajanand Nikhare ceased to be Company Secretary.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.40 Cr with Charge ID 101096160 was registered on 17 May 2025.
Appointed
Ashwini Nagia was appointed as Director.
Ceased
Krishna Murari Lal ceased to be Director.
Appointed
Dilipkumar Gajanand Nikhare was appointed as Company Secretary.
Ceased
Ankit Kumar Vageriya ceased to be Company Secretary.

41 earlier events are in the company report.

Frequently asked questions

Polylink Polymers (India) is an active public limited company based in Ahmedabad, Gujarat, India. The company works in plastic and resins, within the manufacturing industry. It was incorporated on 08 January 1993 (33+ years old) and is registered under CIN L17299GJ1993PLC032905. Listed on BSE: 531454.

Polylink Polymers (India) reported revenue of ₹84.6 Cr for FY 2025-26 (down 7.3% YoY) based on standalone financials.

Polylink Polymers (India) has 6 current directors:

The latest financial statements of Polylink Polymers (India) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Polylink Polymers (India) is 24AAACP4801B1Z6, registered in Gujarat. The company has 7 GST registrations in all, of which 1 is active and 6 are cancelled or inactive.

The CIN (Corporate Identification Number) of Polylink Polymers (India) is L17299GJ1993PLC032905. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Polylink Polymers (India) is a listed company as per MCA records. Its shares are listed on BSE (code: 531454).

Polylink Polymers (India) has 27 court cases on record: 12 filed by the company and 15 filed against it. 3 are pending. Most are in the high courts.

Polylink Polymers (India) was incorporated on 08 January 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Priyal Dangi was appointed as Company Secretary on 20 Aug 2025. Dilipkumar Gajanand Nikhare ceased to be Company Secretary on 25 Jun 2025. Ashwini Nagia was appointed as Director on 05 Aug 2024. Polylink Polymers (India) has 24 board changes on record in total.

Polylink Polymers (India) has 3 MSME Form 1 returns on record between 2019 and 2024, listing 61 overdue payments to 10 micro and small suppliers. The latest return was filed on 24 Apr 2024.