- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-32-0000251

About Polyspin Exports Limited
Data last updated:
Polyspin Exports Limited is a public limited company based in Rajapalayam, Tamil Nadu, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 29 March 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L51909TN1985PLC011683. The company has 1 GST registration on record, which is no longer active. It is a listed company as per MCA records. Its shares are listed on BSE: 539354 and NSE: POLYSPIN.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Skanda Plastics Limited. It is led by directors including Durga Ramji and Sinthalapadi Ramakrishna Raja Venkatanarayana Raja.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at No.351 P.A.C.R.Salairajapalayam – 626 117 Tamil Nadu, Tamil Nadu, India – 626117.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹225.76 Cr, a growth of 0.3% compared to the previous year. For the same year it recorded a net profit of ₹5.5 Cr (net margin 2.4%) and EBITDA of ₹11.91 Cr (EBITDA margin 5.3%). The net worth stands at ₹69.62 Cr (up 10.3% YoY). Total assets are valued at ₹141.06 Cr (down 5.1% YoY).
The company has about 1,916 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Polyspin. As per MCA filings, the company has open charges of ₹146.55 Cr and satisfied charges of ₹89.35 Cr on record. Court records list 15 cases involving the company, including 12 filed by the company and 3 filed against it; 4 cases are pending. The company has 6 deals on record (6 market trades); the latest was in March 2025. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 73 overdue payments to 16 micro and small suppliers.
Polyspin Exports Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-32-0000251). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polyspin.in.
Company details
Recognitions & Rankings of Polyspin Exports
Contact details
Polyspin Exports Limited's registered office is in Rajapalayam, Tamil Nadu. Its website is polyspin.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.351 P.A.C.R.Salairajapalayam – 626 117 Tamil Nadu, Tamil Nadu, India – 626117
- IndustryPackaging, Woven Packaging Products
To see the full contact details of Polyspin Exports Limited, buy the company report.
- 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
Brands
Polyspin Exports operates one associated brand: Polyspin. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Flexible intermediate bulk containers are manufactured for industrial applications. | polyspin.in |
Business activity
The main business activity of Polyspin Exports is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products and textile, leather and other apparel products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | |
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Polyspin Exports Limited, buy the company report.
Financials of Polyspin Exports Limited
FY 2025-26 filings availablePolyspin Exports Limited reported revenue of ₹225.76 Cr (up 0.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 226 | 225 | 202 | 208 | 277 | 235 | 166 |
| Revenue growth | +0.3% | +11.3% | -2.9% | -24.8% | +18.1% | +41.2% | - |
| EBITDA | 11.91 | 13.42 | (1.21) | 3.27 | 16.66 | 15.89 | 10.07 |
| EBITDA margin | +5.3% | +6.0% | -0.6% | +1.6% | +6.0% | +6.8% | +6.1% |
| Profit before tax | 4.80 | 5.64 | (5.27) | 1.30 | 13.29 | 10.83 | 7.38 |
| Net profit | 5.50 | 4.26 | (2.78) | 5.40 | 9.12 | 8.90 | 5.38 |
| Net profit margin | +2.4% | +1.9% | -1.4% | +2.6% | +3.3% | +3.8% | +3.2% |
| EPS (₹) | 5.56 | 4.10 | (2.78) | 5.37 | 9.22 | 8.74 | 13.38 |
| Balance sheet | |||||||
| Total assets | 141 | 149 | 133 | 131 | 135 | 127 | 99.77 |
| Net worth | 69.62 | 63.10 | 58.54 | 59.83 | 56.42 | 47.47 | 38.52 |
| Total debt | 70.87 | 85.45 | 74.74 | 69.94 | 78.21 | 79.17 | 61.25 |
| Cash & bank | 17.26 | 9.37 | 8.62 | 11.56 | 21.98 | 15.72 | 13.39 |
| Net working capital | 84.03 | 92.26 | 73.79 | 76.29 | 91.84 | 82.21 | 54.01 |
| Cash flow | |||||||
| Cash from operations | 32.40 | (9.34) | 7.76 | 11.14 | 13.20 | (9.35) | 10.99 |
| Cash from investing | (12.26) | 4.34 | (8.50) | (7.72) | (0.48) | (1.17) | (9.79) |
| Cash from financing | (20.29) | 5.24 | 0.66 | (12.15) | (6.29) | 12.77 | (3.49) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.58 | 53.14 | 55.73 | 53.79 | 58.87 | 57.36 | 60.35 | 54.61 |
| Revenue growth (YoY) | +11.4% | -7.4% | -7.7% | -1.5% | -4.3% | +17.9% | - | - |
| Other income | 1.77 | 1.27 | 1.34 | 0.83 | 0.78 | 0.83 | 0.71 | 1.09 |
| EBITDA | 2.00 | 2.28 | 1.67 | 2.41 | 3.86 | 3.41 | 2.98 | 2.63 |
| EBITDA margin | +3.0% | +4.3% | +3.0% | +4.5% | +6.6% | +5.9% | +4.9% | +4.8% |
| Depreciation | 1.21 | 1.15 | 1.10 | 1.13 | 1.18 | 1.18 | 1.17 | 1.29 |
| Interest | 0.98 | 1.35 | 1.21 | 1.38 | 1.64 | 1.47 | 1.62 | 1.46 |
| Profit before tax | 1.58 | 1.05 | 0.70 | 0.73 | 1.82 | 1.59 | 0.90 | 0.97 |
| Tax | 0.49 | 0.28 | 0.18 | 0.23 | 0.15 | 0.44 | 0.57 | 0.66 |
| Net profit | 1.09 | 0.77 | 0.52 | 0.50 | 1.67 | 1.15 | 0.33 | 0.31 |
| EPS (₹) | 2.15 | 1.50 | 0.49 | 1.25 | 2.42 | 1.40 | 0.81 | 0.84 |
| 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 | 226 | 225 | 202 | 208 | 277 | 235 | 166 |
| Revenue growth | +0.3% | +11.3% | -2.9% | -24.8% | +18.1% | +41.2% | - |
| EBITDA | 11.91 | 13.42 | (1.21) | 3.27 | 16.66 | 15.90 | 10.07 |
| EBITDA margin | +5.3% | +6.0% | -0.6% | +1.6% | +6.0% | +6.8% | +6.1% |
| Profit before tax | 4.91 | 5.75 | (4.97) | 1.35 | 13.29 | 10.84 | 7.38 |
| Net profit | 3.84 | 2.83 | (3.31) | 0.93 | 8.91 | 7.67 | 5.30 |
| Net profit margin | +1.7% | +1.3% | -1.6% | +0.5% | +3.2% | +3.3% | +3.2% |
| EPS (₹) | 3.90 | 2.68 | (3.32) | 0.91 | 9.00 | 7.50 | 13.17 |
| Balance sheet | |||||||
| Total assets | 131 | 140 | 126 | 125 | 133 | 125 | 99.11 |
| Net worth | 59.42 | 54.57 | 51.43 | 53.25 | 54.31 | 45.57 | 37.86 |
| Total debt | 70.87 | 85.45 | 74.74 | 69.94 | 78.21 | 79.17 | 61.25 |
| Cash & bank | 17.26 | 9.37 | 8.62 | 11.56 | 21.98 | 15.72 | 13.39 |
| Net working capital | 84.03 | 92.26 | 73.79 | 76.29 | 91.84 | 82.21 | 54.01 |
| Cash flow | |||||||
| Cash from operations | 32.40 | (9.34) | 7.76 | 11.14 | 13.20 | (9.35) | 10.99 |
| Cash from investing | (12.26) | 4.34 | (8.50) | (7.72) | (0.48) | (1.17) | (9.79) |
| Cash from financing | (20.29) | 5.24 | 0.66 | (12.15) | (6.29) | 12.77 | (3.49) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.58 | 53.14 | 55.73 | 53.79 | 58.87 | 57.36 | 60.35 | 54.61 |
| Revenue growth (YoY) | +11.4% | -7.4% | -7.7% | -1.5% | -4.3% | +17.9% | - | - |
| Other income | 2.14 | 1.38 | 1.34 | 0.94 | 0.78 | 0.83 | 0.82 | 1.09 |
| Total expenses | 63.58 | 50.86 | 54.06 | 51.38 | 55.01 | 53.95 | 57.37 | 51.98 |
| EBITDA | 2.00 | 2.28 | 1.67 | 2.41 | 3.86 | 3.41 | 2.98 | 2.63 |
| EBITDA margin | +3.0% | +4.3% | +3.0% | +4.5% | +6.6% | +5.9% | +4.9% | +4.8% |
| Depreciation | 1.21 | 1.15 | 1.10 | 1.13 | 1.18 | 1.18 | 1.17 | 1.29 |
| Interest | 0.98 | 1.35 | 1.21 | 1.38 | 1.64 | 1.47 | 1.62 | 1.46 |
| Profit before tax | 1.95 | 1.16 | 0.70 | 0.84 | 1.82 | 1.59 | 1.01 | 0.97 |
| Tax | 0.49 | 0.28 | 0.18 | 0.23 | 0.15 | 0.44 | 0.57 | 0.66 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.58 | 53.14 | 55.73 | 53.79 | 58.87 | 57.36 | 60.35 | 54.61 |
| Revenue growth (YoY) | +11.4% | -7.4% | -7.7% | -1.5% | -4.3% | +17.9% | - | - |
| Other income | 1.77 | 1.27 | 1.34 | 0.83 | 0.78 | 0.83 | 0.71 | 1.09 |
| EBITDA | 2.00 | 2.28 | 1.67 | 2.41 | 3.86 | 3.41 | 2.98 | 2.63 |
| EBITDA margin | +3.0% | +4.3% | +3.0% | +4.5% | +6.6% | +5.9% | +4.9% | +4.8% |
| Depreciation | 1.21 | 1.15 | 1.10 | 1.13 | 1.18 | 1.18 | 1.17 | 1.29 |
| Interest | 0.98 | 1.35 | 1.21 | 1.38 | 1.64 | 1.47 | 1.62 | 1.46 |
| Profit before tax | 1.58 | 1.05 | 0.70 | 0.73 | 1.82 | 1.59 | 0.90 | 0.97 |
| Tax | 0.49 | 0.28 | 0.18 | 0.23 | 0.15 | 0.44 | 0.57 | 0.66 |
| Net profit | 1.09 | 0.77 | 0.52 | 0.50 | 1.67 | 1.15 | 0.33 | 0.31 |
| EPS (₹) | 2.15 | 1.50 | 0.49 | 1.25 | 2.42 | 1.40 | 0.81 | 0.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 226 | 225 | 202 | 208 | 277 | 235 | 166 |
| Revenue growth | +0.3% | +11.3% | -2.9% | -24.8% | +18.1% | +41.2% | - |
| Other income | 3.77 | 3.70 | 3.60 | 4.33 | 5.88 | 4.37 | 6.08 |
| Total expenses | 214 | 212 | 203 | 205 | 260 | 219 | 156 |
| Employee cost | 39.54 | 39.94 | 34.87 | 30.11 | 32.99 | 31.43 | 29.12 |
| EBITDA | 11.91 | 13.42 | (1.21) | 3.27 | 16.66 | 15.89 | 10.07 |
| EBITDA margin | +5.3% | +6.0% | -0.6% | +1.6% | +6.0% | +6.8% | +6.1% |
| Depreciation | 4.60 | 4.38 | 3.17 | 2.74 | 3.87 | 3.66 | 3.52 |
| Interest | 6.28 | 7.10 | 4.49 | 3.56 | 5.38 | 5.77 | 5.25 |
| Profit before tax | 4.80 | 5.64 | (5.27) | 1.30 | 13.29 | 10.83 | 7.38 |
| Tax | 1.01 | 3.08 | (1.66) | 0.43 | 4.29 | 3.33 | 2.12 |
| Net profit | 5.50 | 4.26 | (2.78) | 5.40 | 9.12 | 8.90 | 5.38 |
| Net profit margin | +2.4% | +1.9% | -1.4% | +2.6% | +3.3% | +3.8% | +3.2% |
| EPS (₹) | 5.56 | 4.10 | (2.78) | 5.37 | 9.22 | 8.74 | 13.38 |
| 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 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 |
| Reserves & surplus | 64.62 | 58.10 | 53.54 | 54.83 | 51.42 | 42.47 | 34.52 |
| Shareholders' funds (net worth) | 69.62 | 63.10 | 58.54 | 59.83 | 56.42 | 47.47 | 38.52 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 70.87 | 85.45 | 75.34 | 69.94 | 78.21 | 79.17 | 57.88 |
| Unsecured loans | 0.00 | 0.00 | (0.60) | 0.00 | 0.00 | 0.00 | 3.37 |
| Total debt | 70.87 | 85.45 | 74.74 | 69.94 | 78.21 | 79.17 | 61.25 |
| Total liabilities | 141 | 149 | 133 | 131 | 135 | 127 | 99.77 |
| Assets | |||||||
| Gross block | 86.56 | 84.14 | 67.22 | 77.47 | 74.16 | 73.97 | 70.18 |
| Net block | 48.58 | 50.11 | 37.30 | 42.82 | 43.26 | 45.78 | 45.32 |
| Capital work in progress | 0.01 | 0.00 | 15.62 | 6.89 | 0.35 | 0.00 | 2.44 |
| Investments | 12.89 | 9.22 | 7.85 | 7.21 | 2.76 | 2.59 | 1.33 |
| Inventories | 37.54 | 37.88 | 36.81 | 46.24 | 28.71 | 47.15 | 24.55 |
| Sundry debtors | 34.91 | 44.72 | 29.49 | 32.24 | 40.23 | 25.74 | 24.35 |
| Cash & bank balances | 17.26 | 9.37 | 8.62 | 11.56 | 21.98 | 15.72 | 13.39 |
| Loans & advances | 11.01 | 13.15 | 22.02 | 12.00 | 18.39 | 12.03 | 6.55 |
| Total current assets | 101 | 105 | 96.94 | 102 | 109 | 101 | 68.84 |
| Total current liabilities | 16.69 | 12.86 | 23.15 | 25.75 | 17.47 | 18.43 | 14.83 |
| Net working capital | 84.03 | 92.26 | 73.79 | 76.29 | 91.84 | 82.21 | 54.01 |
| Total assets | 141 | 149 | 133 | 131 | 135 | 127 | 99.77 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.44 | 0.20 | 0.28 | 9.01 | 2.58 | 0.33 | 2.62 |
| Net cash from operating activities | 32.40 | (9.34) | 7.76 | 11.14 | 13.20 | (9.35) | 10.99 |
| Net cash from investing activities | (12.26) | 4.34 | (8.50) | (7.72) | (0.48) | (1.17) | (9.79) |
| Net cash from financing activities | (20.29) | 5.24 | 0.66 | (12.15) | (6.29) | 12.77 | (3.49) |
| Net change in cash | (0.15) | 0.24 | (0.08) | (8.73) | 6.43 | 2.24 | (2.29) |
| Closing cash | 17.26 | 9.37 | 8.62 | 11.56 | 21.98 | 15.72 | 13.39 |
| 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 | +0.3% | +11.3% | -2.9% | -24.8% | +18.1% | +41.2% | - |
| EBITDA growth | -11.3% | +1209.1% | -137.0% | -80.4% | +4.9% | +57.8% | - |
| PBT growth | -14.9% | +9998.0% | - | -90.2% | +22.7% | +46.8% | -32.0% |
| Net income growth | +29.1% | +253.2% | -151.5% | -40.8% | +2.5% | +65.4% | - |
| Revenue CAGR (3Y) | +2.7% | -6.7% | -4.8% | +7.8% | +9.3% | +9.1% | -1.1% |
| EBITDA CAGR (3Y) | +53.9% | -7.0% | - | -31.3% | +0.0% | +1.2% | -7.4% |
| Profitability & leverage | |||||||
| Net income margin | +1.7% | +1.1% | -1.8% | +0.4% | +3.3% | +3.2% | +3.2% |
| Return on capital employed | +7.7% | +10.1% | +0.1% | +4.6% | +14.3% | +14.7% | +13.0% |
| Return on net worth | +5.7% | +4.5% | -6.1% | +1.5% | +17.3% | +17.4% | +14.6% |
| Debt / equity | 1.18 | 1.32 | 1.22 | 1.27 | 1.51 | 1.63 | 1.70 |
| Long-term debt / equity | 0.17 | 0.29 | 0.29 | 0.27 | 0.25 | 0.21 | 0.30 |
| Interest cover | 85.91 | 78.54 | -102.51 | 671.70 | 42.06 | 47.18 | 80.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.65 | 2.97 | 2.80 | 2.75 | 3.74 | 3.26 | 2.55 |
| Inventory turnover | 5.99 | 6.03 | 4.87 | 5.56 | 7.30 | 6.54 | 6.48 |
| Debtors turnover | 5.67 | 6.07 | 6.55 | 5.75 | 8.40 | 9.37 | 7.30 |
| EPS (₹) | 5.56 | 4.10 | (2.78) | 5.37 | 9.22 | 8.74 | 13.38 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.60 | 0.60 | 0.60 |
| Book value per share (₹) | 69.62 | 63.10 | 58.54 | 59.83 | 56.42 | 47.47 | 96.30 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.58 | 53.14 | 55.73 | 53.79 | 58.87 | 57.36 | 60.35 | 54.61 |
| Revenue growth (YoY) | +11.4% | -7.4% | -7.7% | -1.5% | -4.3% | +17.9% | - | - |
| Other income | 2.14 | 1.38 | 1.34 | 0.94 | 0.78 | 0.83 | 0.82 | 1.09 |
| Total expenses | 63.58 | 50.86 | 54.06 | 51.38 | 55.01 | 53.95 | 57.37 | 51.98 |
| EBITDA | 2.00 | 2.28 | 1.67 | 2.41 | 3.86 | 3.41 | 2.98 | 2.63 |
| EBITDA margin | +3.0% | +4.3% | +3.0% | +4.5% | +6.6% | +5.9% | +4.9% | +4.8% |
| Depreciation | 1.21 | 1.15 | 1.10 | 1.13 | 1.18 | 1.18 | 1.17 | 1.29 |
| Interest | 0.98 | 1.35 | 1.21 | 1.38 | 1.64 | 1.47 | 1.62 | 1.46 |
| Profit before tax | 1.95 | 1.16 | 0.70 | 0.84 | 1.82 | 1.59 | 1.01 | 0.97 |
| Tax | 0.49 | 0.28 | 0.18 | 0.23 | 0.15 | 0.44 | 0.57 | 0.66 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 226 | 225 | 202 | 208 | 277 | 235 | 166 |
| Revenue growth | +0.3% | +11.3% | -2.9% | -24.8% | +18.1% | +41.2% | - |
| Other income | 3.88 | 3.81 | 3.90 | 4.38 | 5.88 | 4.37 | 6.08 |
| Total expenses | 214 | 212 | 203 | 205 | 260 | 219 | 156 |
| Employee cost | 39.54 | 39.94 | 34.87 | 30.11 | 32.99 | 31.43 | 29.12 |
| EBITDA | 11.91 | 13.42 | (1.21) | 3.27 | 16.66 | 15.90 | 10.07 |
| EBITDA margin | +5.3% | +6.0% | -0.6% | +1.6% | +6.0% | +6.8% | +6.1% |
| Depreciation | 4.60 | 4.38 | 3.17 | 2.74 | 3.87 | 3.66 | 3.52 |
| Interest | 6.28 | 7.10 | 4.49 | 3.56 | 5.38 | 5.77 | 5.25 |
| Profit before tax | 4.91 | 5.75 | (4.97) | 1.35 | 13.29 | 10.84 | 7.38 |
| Tax | 1.01 | 3.08 | (1.66) | 0.43 | 4.29 | 3.33 | 2.12 |
| Net profit | 3.84 | 2.83 | (3.31) | 0.93 | 8.91 | 7.67 | 5.30 |
| Net profit margin | +1.7% | +1.3% | -1.6% | +0.5% | +3.2% | +3.3% | +3.2% |
| EPS (₹) | 3.90 | 2.68 | (3.32) | 0.91 | 9.00 | 7.50 | 13.17 |
| 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 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 |
| Reserves & surplus | 54.42 | 49.57 | 46.43 | 48.25 | 49.31 | 40.57 | 33.86 |
| Shareholders' funds (net worth) | 59.42 | 54.57 | 51.43 | 53.25 | 54.31 | 45.57 | 37.86 |
| Secured loans | 70.87 | 85.45 | 75.34 | 69.94 | 78.21 | 79.17 | 57.88 |
| Unsecured loans | 0.00 | 0.00 | (0.60) | 0.00 | 0.00 | 0.00 | 3.37 |
| Total debt | 70.87 | 85.45 | 74.74 | 69.94 | 78.21 | 79.17 | 61.25 |
| Total liabilities | 131 | 140 | 126 | 125 | 133 | 125 | 99.11 |
| Assets | |||||||
| Gross block | 86.56 | 84.14 | 67.22 | 77.47 | 74.16 | 73.97 | 70.18 |
| Net block | 48.58 | 50.11 | 37.30 | 42.82 | 43.26 | 45.78 | 45.32 |
| Capital work in progress | 0.01 | 0.00 | 15.62 | 6.89 | 0.35 | 0.00 | 2.44 |
| Investments | 2.70 | 0.69 | 0.74 | 0.63 | 0.64 | 0.69 | 0.67 |
| Inventories | 37.54 | 37.88 | 36.81 | 46.24 | 28.71 | 47.15 | 24.55 |
| Sundry debtors | 34.91 | 44.72 | 29.49 | 32.24 | 40.23 | 25.74 | 24.35 |
| Cash & bank balances | 17.26 | 9.37 | 8.62 | 11.56 | 21.98 | 15.72 | 13.39 |
| Loans & advances | 11.01 | 13.15 | 22.02 | 12.00 | 18.39 | 12.03 | 6.55 |
| Total current assets | 101 | 105 | 96.94 | 102 | 109 | 101 | 68.84 |
| Total current liabilities | 16.69 | 12.86 | 23.15 | 25.75 | 17.47 | 18.43 | 14.83 |
| Net working capital | 84.03 | 92.26 | 73.79 | 76.29 | 91.84 | 82.21 | 54.01 |
| Total assets | 131 | 140 | 126 | 125 | 133 | 125 | 99.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.44 | 0.20 | 0.28 | 9.01 | 2.58 | 0.33 | 2.62 |
| Net cash from operating activities | 32.40 | (9.34) | 7.76 | 11.14 | 13.20 | (9.35) | 10.99 |
| Net cash from investing activities | (12.26) | 4.34 | (8.50) | (7.72) | (0.48) | (1.17) | (9.79) |
| Net cash from financing activities | (20.29) | 5.24 | 0.66 | (12.15) | (6.29) | 12.77 | (3.49) |
| Net change in cash | (0.15) | 0.24 | (0.08) | (8.73) | 6.43 | 2.24 | (2.29) |
| Closing cash | 17.26 | 9.37 | 8.62 | 11.56 | 21.98 | 15.72 | 13.39 |
| 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 | +0.3% | +11.3% | -2.9% | -24.8% | +18.1% | +41.2% | - |
| EBITDA growth | -11.3% | +1209.1% | -137.0% | -80.4% | +4.8% | +57.9% | - |
| PBT growth | -14.6% | +9998.0% | - | -89.8% | +22.6% | +46.9% | -32.0% |
| Net income growth | +35.7% | +185.5% | -455.9% | -89.6% | +16.2% | +44.7% | - |
| Revenue CAGR (3Y) | +2.7% | -6.7% | -4.8% | +7.8% | +9.3% | +9.1% | +2.3% |
| EBITDA CAGR (3Y) | +53.9% | -7.0% | - | -31.3% | +0.0% | +1.3% | -5.5% |
| Profitability & leverage | |||||||
| Net income margin | +1.7% | +1.2% | -1.6% | +0.4% | +3.3% | +3.2% | +3.2% |
| Return on capital employed | +8.3% | +10.8% | 0.0% | +4.8% | +14.5% | +14.8% | +13.1% |
| Return on net worth | +6.8% | +5.4% | 0.0% | +1.7% | +18.0% | +18.0% | +14.9% |
| Debt / equity | 1.37 | 1.51 | 1.38 | 1.38 | 1.58 | 1.68 | 1.73 |
| Long-term debt / equity | 0.20 | 0.34 | 0.32 | 0.30 | 0.27 | 0.22 | 0.30 |
| Interest cover | 85.91 | 78.54 | -102.51 | 671.70 | 42.06 | 47.14 | 80.15 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.65 | 2.97 | 2.80 | 2.75 | 3.74 | 3.26 | 2.55 |
| Inventory turnover | 5.99 | 6.03 | 4.87 | 5.56 | 7.30 | 6.54 | 6.48 |
| Debtors turnover | 5.67 | 6.07 | 6.55 | 5.75 | 8.40 | 9.37 | 7.30 |
| EPS (₹) | 3.90 | 2.68 | (3.32) | 0.91 | 9.00 | 7.50 | 13.17 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.60 | 0.60 | 0.60 |
| Book value per share (₹) | 59.42 | 54.57 | 51.43 | 53.25 | 54.31 | 45.57 | 94.66 |
To see the full year-wise statements and ratios of Polyspin Exports Limited, buy the company report.
Board of directors of Polyspin Exports Limited
Polyspin Exports has 8 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Durga Ramji | Director | 01 Jun 2014 | 12 Years 5 Months | Current |
| Sinthalapadi Ramakrishna Raja Venkatanarayana Raja | Director | 01 Sep 2019 | 7 Years 2 Months | Current |
| Vengisanam Seshagiri Raju Jagdish | Director | 01 Sep 2019 | 7 Years 2 Months | Current |
| Ramamirtham Sundaram | Director | 01 Sep 2019 | 7 Years 2 Months | Current |
| Devarajan Rajesh Also directs: Hablis Hotels Private Limited, Primera Hotels Private Limited | Director | 20 Sep 2019 | 7 Years 1 Months | Current |
| Sengalipuram Ramamurthy Subramanian Also directs: Ganesh Agro Pack Private Limited | Director | 29 Mar 1985 | 41 Years 7 Months | Current |
Auditor
Polyspin Exports Limited is audited by KRISHNAN AND RAMAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRISHNAN AND RAMAN | FY 2023 | 001515S |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 47.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 53.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 47.00% | 46.80% | 46.80% | 46.80% |
| Public | 53.00% | 53.20% | 53.20% | 53.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jul 2025 | 101141072 | Others | ₹24 Lakh | Open | |
| 09 Apr 2025 | 101097603 | Others | ₹3 Cr | Open | |
| 19 Nov 2024 | 101022418 | Others | ₹14.98 Lakh | Open | |
| 18 Nov 2024 | 101010416 | Others | ₹24 Lakh | Open | |
| 29 Jun 2024 | 100953481 | Others | ₹30 Lakh | Open |
To see the full charge records of Polyspin Exports Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Polyspin Exports Limited has 6 deals on record (6 market trades); the latest was in March 2025.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Market trade | ₹1.14 Cr | Buyer: Integrated Insurance Broking Services Private Limited Seller: Integrated Investment Management Services Private Limited |
| Nov 2023 | Market trade | ₹33.8 Lakh | Buyer: an individual Seller: an individual |
| Feb 2018 | Market trade | ₹5.51 Cr | Buyer: Sriram V Huf, 3 individuals Seller: Integrated Registry Management Services Private Limited |
| Oct 2014 | Market trade | ₹10.1 Lakh | Seller: Dr. Agarwal's Eye Hospital Limited |
| Aug 2013 | Market trade | ₹11.4 Lakh | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Polyspin Exports Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Polyspin Exports Limited has 15 court cases on record: 12 filed by Polyspin Exports, 3 filed against it. 4 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 2 | 1 |
| District courts | 4 | 1 | 3 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Virudhunagar, Tamil Nadu | Criminal case | Filed by the company against Precision Cheese Tube Manufacturing Pvt Ltd Managing Director Sameer Gadri and Another One | Pending |
| High Court, TELANGANA | Revision petition | Filed against the company by Hindustan Organic Chemicals Ltd. | Disposed |
| District court, Madurai, Tamil Nadu | Court case (ESI.OP) | Filed by the company against Esi Corporation Sro | Pending |
| High Court of Kerala | Court case (Adml.S.) | Filed against the company | Pending |
| District court, Virudhunagar, Tamil Nadu | Criminal case | Filed by the company against M/S Sri Lakshmi Saraswathi Exports Proprietor Raja Praveen | Pending |
To see the full case history of Polyspin Exports Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Polyspin Exports Limited was last rated by Care on 27 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Jul 2026 |
To see the full credit ratings and regulatory alerts of Polyspin Exports Limited, buy the company report.
MSME payment delays
Polyspin Exports Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 73 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Konkan Speciality Polyproducts Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Omega Plasto Limited | |||
| an individual supplier |
To see the full MSME payment records of Polyspin Exports Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Polyspin Exports Limited has a workforce of 1,916 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,916 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 | |
| FY 2015-16 |
To see the full employee and EPFO history of Polyspin Exports Limited, buy the company report.
GST
Polyspin Exports has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Polyspin Exports Limited, buy the company report.
Recent activity
Polyspin Exports Limited has 29 board changes on record since 1985: 19 appointments and 10 cessations. The latest: Shwetha Ramji was appointed as Additional Director on 29 May 2026.
106 earlier events are in the company report.
Frequently asked questions
Polyspin Exports is an active public limited company based in Rajapalayam, Tamil Nadu, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 29 March 1985 (41+ years old) and is registered under CIN L51909TN1985PLC011683. Listed on BSE: 539354 and NSE: POLYSPIN.
Polyspin Exports reported revenue of ₹225.76 Cr for FY 2025-26 (up 0.3% YoY) based on consolidated financials.
Polyspin Exports has 8 current directors:
- Durga Ramji - Director
- Sinthalapadi Ramakrishna Raja Venkatanarayana Raja - Director
- Vengisanam Seshagiri Raju Jagdish - Director
- Ramamirtham Sundaram - Director
- Devarajan Rajesh - Director
- Sengalipuram Ramamurthy Subramanian - Director
- Sinthalapadi Venugopal Raja Ravi - Director
- Shwetha Ramji - Additional Director
The latest financial statements of Polyspin Exports on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
No. Polyspin Exports has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Polyspin Exports is L51909TN1985PLC011683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Polyspin Exports is a listed company as per MCA records. Its shares are listed on both BSE (code: 539354) and NSE (symbol: POLYSPIN).
Polyspin Exports has 15 court cases on record: 12 filed by the company and 3 filed against it. 4 are pending. Most are in the high courts.
Polyspin Exports was incorporated on 29 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chennai.
Polyspin Exports has 6 deals on record (6 market trades); the latest was in March 2025.
Shwetha Ramji was appointed as Additional Director on 29 May 2026. Kottimukkalu Subramania Raja Pradeep ceased to be Director on 23 Feb 2022. Panchapagesan Vaidyanathan ceased to be Director on 23 Feb 2022. Polyspin Exports has 29 board changes on record in total.

