About Solve Plastic Products Ltd
Data last updated: 30 September 2026
Solve Plastic Products Ltd is a public limited company based in Kollam, Kerala, India. It specialises in pipe and tubes, a part of the broader manufacturing sector. Incorporated on 04 October 1994, the company has been in operation for over 32 years.
Registered with ROC Ernakulam under CIN L25209KL1994PLC008231. Listed.
Capital: an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.37 Cr. It is led by directors including Narayana Kurup Asokan and Deepthi Santhakumary.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: Door No Xiii/690/Abctholicode Punalur, Kollam, Kerala, India – 691333.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹45.58 Cr, a growth of 9.94% compared to the previous year. The net worth stands at ₹10.42 Cr (up 4.41% YoY). Total assets are valued at ₹22.54 Cr (up 8.89% YoY).
The company has a workforce of approximately 153 employees as per the latest available data.
The company is associated with 1 brand - Balco Pipes. As per MCA filings, the company has open charges of ₹16.14 Cr and satisfied charges of ₹14.45 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balcopipes.com.
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- Registered AddressDoor No Xiii/690/Abctholicode Punalur, Kollam, Kerala, India – 691333
- IndustryManufacturing, Pipe & Tubes
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Solve Plastic Products Ltd
Solve Plastic Products Ltd has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L25209KL1994PLC008231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209KL1994PLC008231 | Current |
| U25209KL1994PLC008231 | Previous |
| U25209KL1994PTC008231 | Previous |
Associated Brands with Solve Plastic Products Ltd
Solve Plastic Products Ltd operates one associated brand: Balco Pipes. These brands represent Solve Plastic Products Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of PVC and uPVC products | balcopipes.com |
Business Activity of Solve Plastic Products Ltd
Solve Plastic Products Ltd is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | Locked |
Business activity turnover details for Solve Plastic Products Ltd
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Board of Directors of Solve Plastic Products Ltd
Solve Plastic Products Ltd is currently managed by 6 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayana Kurup Asokan Also directs: T-Sanct Technologies Private Limited, Zenplus Private Limited | Director | 06 Jan 2024 | 2 Years 8 Months | Current |
| Deepthi Santhakumary Also directs: Vivarta Systems Private Limited | Director | 06 Jan 2024 | 2 Years 8 Months | Current |
| Sudheer Kumar Balakrishnan Nair Also directs: G B N Associates Llp, Shri Govinda Agri Business Private Limited, Heftybuzz Ventures Private Limited and 2 more | Managing Director | 04 Oct 1994 | 31 Years 11 Months | Current |
| Susil Balakrishnan Nair Also directs: Balco Nidhi Limited | Whole-Time Director | 04 Oct 1994 | 31 Years 11 Months | Current |
| Suresh K Pillai | Director | 12 Mar 2024 | 2 Years 6 Months | Current |
| Balakrishnan Nair Also directs: Balco Nidhi Limited | Director | 15 Feb 2006 | 20 Years 7 Months | Current |
Financials of Solve Plastic Products Ltd FY 2025-26 filings available
Solve Plastic Products Ltd reported revenue of ₹45.58 Cr (up 9.94% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 45.58 | 41.46 | 46.19 | 60.77 | 55.07 | 41.72 |
| Revenue growth | -4.2% | +4.6% | -26.1% | +9.0% | +33.3% | +9997.0% |
| EBITDA | 2.06 | (3.96) | 2.76 | 1.97 | 1.10 | 1.23 |
| EBITDA margin | +4.5% | -9.6% | +6.0% | +3.2% | +2.0% | +3.0% |
| Profit before tax | 0.59 | (5.52) | 1.45 | 1.24 | (0.52) | (0.96) |
| Net profit | 0.43 | (4.79) | 1.43 | 1.16 | (0.40) | (0.17) |
| Net profit margin | +0.9% | -11.6% | +3.1% | +1.9% | -0.7% | -0.4% |
| EPS (₹) | 1.00 | (10.96) | 4.65 | 3.96 | (1.34) | (0.51) |
| Balance sheet | ||||||
| Total assets | 22.54 | 20.70 | 17.54 | 14.85 | 13.66 | 17.05 |
| Net worth | 10.42 | 9.98 | 4.39 | 1.93 | 0.73 | 1.14 |
| Total debt | 11.33 | 9.86 | 12.41 | 12.22 | 12.30 | 15.44 |
| Cash & bank | 2.99 | 2.97 | 0.01 | 0.01 | 0.02 | 0.02 |
| Net working capital | 11.47 | 12.18 | 9.77 | 8.15 | 6.84 | 10.18 |
| Cash flow | ||||||
| Cash from operations | 3.23 | (3.08) | 1.86 | 2.14 | 5.30 | 2.36 |
| Cash from investing | (3.66) | (0.84) | (1.75) | (0.68) | (0.73) | (0.11) |
| Cash from financing | 0.45 | 6.88 | (0.11) | (1.46) | (4.57) | (2.25) |
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 11.99 | 10.62 |
| Revenue growth (YoY) | +9997.0% | +9997.0% |
| Other income | 0.25 | 0.23 |
| Total expenses | 11.27 | 9.51 |
| EBITDA | 0.72 | 1.11 |
| EBITDA margin | +6.0% | +10.5% |
| Depreciation | 0.21 | 0.20 |
| Interest | 0.43 | 0.31 |
| Profit before tax | 0.33 | 0.83 |
| Tax | (0.03) | 0.24 |
Financial Statements
| Particulars | Mar 2024 | Dec 2023 |
|---|---|---|
| Revenue | 11.99 | 10.62 |
| Revenue growth (YoY) | +9997.0% | +9997.0% |
| Other income | 0.25 | 0.23 |
| Total expenses | 11.27 | 9.51 |
| EBITDA | 0.72 | 1.11 |
| EBITDA margin | +6.0% | +10.5% |
| Depreciation | 0.21 | 0.20 |
| Interest | 0.43 | 0.31 |
| Profit before tax | 0.33 | 0.83 |
| Tax | (0.03) | 0.24 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 45.58 | 41.46 | 46.19 | 60.77 | 55.07 | 41.72 |
| Revenue growth | -4.2% | +4.6% | -26.1% | +9.0% | +33.3% | +9997.0% |
| Other income | 0.54 | 0.38 | 0.97 | 1.48 | 0.71 | 0.66 |
| Total expenses | 43.52 | 45.42 | 43.43 | 58.80 | 53.97 | 40.49 |
| Employee cost | 0.00 | 5.48 | 4.93 | 4.47 | 3.62 | 2.91 |
| EBITDA | 2.06 | (3.96) | 2.76 | 1.97 | 1.10 | 1.23 |
| EBITDA margin | +4.5% | -9.6% | +6.0% | +3.2% | +2.0% | +3.0% |
| Depreciation | 0.96 | 0.95 | 0.77 | 0.83 | 0.90 | 1.18 |
| Interest | 1.05 | 0.99 | 1.51 | 1.38 | 1.43 | 1.67 |
| Profit before tax | 0.59 | (5.52) | 1.45 | 1.24 | (0.52) | (0.96) |
| Tax | 0.16 | (0.73) | 0.02 | 0.03 | (0.12) | (0.81) |
| Net profit | 0.43 | (4.79) | 1.43 | 1.16 | (0.40) | (0.17) |
| Net profit margin | +0.9% | -11.6% | +3.1% | +1.9% | -0.7% | -0.4% |
| EPS (₹) | 1.00 | (10.96) | 4.65 | 3.96 | (1.34) | (0.51) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 4.37 | 4.37 | 3.07 | 3.04 | 3.04 | 3.04 |
| Reserves & surplus | 6.05 | 5.61 | 1.32 | (1.11) | (2.31) | (1.90) |
| Shareholders' funds (net worth) | 10.42 | 9.98 | 4.39 | 1.93 | 0.73 | 1.14 |
| Secured loans | 11.02 | 9.86 | 9.30 | 12.22 | 12.30 | 15.44 |
| Unsecured loans | 0.31 | 0.00 | 3.11 | 0.00 | 0.00 | 0.00 |
| Total debt | 11.33 | 9.86 | 12.41 | 12.22 | 12.30 | 15.44 |
| Total liabilities | 22.54 | 20.70 | 17.54 | 14.85 | 13.66 | 17.05 |
| Assets | ||||||
| Gross block | 5.73 | 5.96 | 5.26 | 5.14 | 5.28 | 5.52 |
| Net block | 5.73 | 5.96 | 5.26 | 5.14 | 5.28 | 5.52 |
| Capital work in progress | 3.08 | 0.11 | 0.89 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 8.51 | 6.03 | 7.62 | 6.69 | 6.22 | 6.96 |
| Sundry debtors | 4.35 | 4.42 | 5.05 | 4.12 | 4.48 | 5.02 |
| Cash & bank balances | 2.99 | 2.97 | 0.01 | 0.01 | 0.02 | 0.02 |
| Loans & advances | 2.53 | 2.39 | 1.66 | 1.22 | 0.69 | 2.47 |
| Total current assets | 18.38 | 15.81 | 14.34 | 12.04 | 11.41 | 14.47 |
| Total current liabilities | 6.91 | 3.63 | 4.57 | 3.89 | 4.57 | 4.29 |
| Net working capital | 11.47 | 12.18 | 9.77 | 8.15 | 6.84 | 10.18 |
| Total assets | 22.54 | 20.70 | 17.54 | 14.85 | 13.66 | 17.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 2.97 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Net cash from operating activities | 3.23 | (3.08) | 1.86 | 2.14 | 5.30 | 2.36 |
| Net cash from investing activities | (3.66) | (0.84) | (1.75) | (0.68) | (0.73) | (0.11) |
| Net cash from financing activities | 0.45 | 6.88 | (0.11) | (1.46) | (4.57) | (2.25) |
| Net change in cash | 0.02 | 2.96 | 0.00 | (0.01) | 0.00 | 0.00 |
| Closing cash | 2.99 | 2.97 | 0.01 | 0.01 | 0.02 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +9.9% | -10.2% | -24.0% | +10.4% | +32.0% | +9997.0% |
| EBITDA growth | +9998.0% | - | +40.1% | +79.1% | -10.6% | +9997.0% |
| PBT growth | +9998.0% | - | +16.9% | +9998.0% | +45.8% | +9997.0% |
| Net income growth | +9998.0% | - | +23.3% | +9998.0% | -135.3% | +9997.0% |
| Revenue CAGR (3Y) | -9.1% | -9.0% | +3.5% | - | - | - |
| EBITDA CAGR (3Y) | +1.5% | - | +30.9% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +0.9% | -11.6% | +3.1% | +2.0% | -0.7% | -0.4% |
| Return on capital employed | - | -23.7% | +17.4% | +17.4% | 0.0% | 0.0% |
| Return on net worth | - | -66.7% | +36.0% | +56.7% | 0.0% | 0.0% |
| Debt / equity | - | 1.55 | 3.90 | 9.22 | 14.84 | 13.55 |
| Long-term debt / equity | - | 0.42 | 0.95 | 2.41 | 4.78 | 4.77 |
| Interest cover | 95.45 | -20.16 | 75.88 | 121.05 | 715.00 | 3,340.00 |
| Efficiency & per share | ||||||
| Fixed asset turnover | - | 7.39 | 8.88 | 11.66 | 10.20 | 7.56 |
| Inventory turnover | - | 6.07 | 6.46 | 9.41 | 8.36 | 5.99 |
| Debtors turnover | - | 8.76 | 10.07 | 14.13 | 11.59 | 8.31 |
| EPS (₹) | 1.00 | (10.96) | 4.65 | 3.96 | (1.34) | (0.51) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 22.84 | 14.31 | 6.34 | 2.38 | 3.72 |
Charges & Borrowings of Solve Plastic Products Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Jun 2026 | State Bank of India | ₹1.55 Cr | Open |
| 06 May 2026 | State Bank of India | ₹2.5 Cr | Open |
| 13 May 2025 | The South Indian Bank Limited | ₹20.61 Lakh | Open |
| 27 Dec 2023 | Axis Bank Limited | ₹14.6 Lakh | Open |
| 04 Jun 2020 | State Bank of India | ₹67.54 Lakh | Open |
Total charge records: 25 View all charges
Employees and EPFO Compliance at Solve Plastic Products Ltd
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Employee and EPFO history for Solve Plastic Products Ltd
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GST Compliance of Solve Plastic Products Ltd
GST registrations and filing compliance for Solve Plastic Products Ltd
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Credit Ratings, Litigation & Regulatory Alerts for Solve Plastic Products Ltd
Credit ratings, litigation, and regulatory alerts for Solve Plastic Products Ltd
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MSME Payment Delays by Solve Plastic Products Ltd
MSME payment history for Solve Plastic Products Ltd
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Subsidiaries & Group Companies of Solve Plastic Products Ltd
Corporate group structure for Solve Plastic Products Ltd
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MCA Filings & Documents of Solve Plastic Products Ltd
MCA filings and documents for Solve Plastic Products Ltd
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Recent Activity on Solve Plastic Products Ltd
Frequently Asked Questions about Solve Plastic Products Ltd
Solve Plastic Products Ltd is an active public limited company in the manufacturing sector based in Kollam, Kerala, India. It was incorporated on 04 October 1994 (32+ years old) and is registered under CIN L25209KL1994PLC008231. The company has 153 employees.
Solve Plastic Products Ltd reported revenue of ₹45.58 Cr for FY 2025-26 (up 9.94% YoY) based on standalone financials.
The current directors of Solve Plastic Products Ltd are:
- Narayana Kurup Asokan - Director
- Deepthi Santhakumary - Director
- Sudheer Kumar Balakrishnan Nair - Managing Director
- Susil Balakrishnan Nair - Whole-Time Director
- Suresh K Pillai - Director
- Balakrishnan Nair - Director
The primary industry of Solve Plastic Products Ltd is manufacturing. The company specifically operates in pipe and tubes. The company is currently active in this sector.
Yes, Solve Plastic Products Ltd is a listed company.
Solve Plastic Products Ltd can be reached at the registered office: Door No Xiii690Abctholicode Punalur, Kollam, Kerala, India – 691333, or through the website balcopipes.com.