- Category
- Medium (2023-24)
- Udyam number
- UDYAM-UK-12-0000581

About SPP Polymer Limited
Data last updated:
SPP Polymer Limited is a public limited company based in New Delhi, Delhi, India. It operates in the woven packaging products segment of the packaging sector. It was incorporated on 27 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L15412DL2004PLC128666. Its GSTIN is 05AAICS9526Q1ZK (Uttarakhand). The company holds 4 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: SPPPOLY.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹15.39 Cr. It was formerly known as S P P Food Products Private Limited. It is led by directors including Liladhar Mundhara (Whole-Time Director) and Mahavir Bahety (Whole-Time Director).
Its last annual general meeting (AGM) was held on 18 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bearing No Dpt212, DLF Prime Tower Okhla Industrial Estate, New Delhi, Delhi, India – 110020.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹110.67 Cr, a growth of 2.9% compared to the previous year. For the same year it recorded a net loss of ₹4.17 Cr (net margin -3.8%) and EBITDA of -₹2.61 Cr (EBITDA margin -2.4%). The net worth stands at ₹46.14 Cr (down 9.7% YoY). Total assets are valued at ₹59.06 Cr (up 0.4% YoY).
The company has about 152 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spppolymer. As per MCA filings, the company has open charges of ₹15.33 Cr and satisfied charges of ₹7.5 Lakh on record. Court records list 42 cases involving the company, including 33 filed by the company and 9 filed against it; 3 cases are pending. The company has 32 deals on record (21 secondary share transfers, 9 funding rounds, 1 rights issue), with disclosed funding of ₹7.8 Cr; the latest was in September 2024. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 331 overdue payments to 36 micro and small suppliers.
SPP Polymer Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UK-12-0000581). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spppolymer.com.
Company details
CIN history
SPP Polymer has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15412DL2004PLC128666, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15412DL2004PLC128666 | Current |
| U15412DL2004PTC128666 | Previous |
| U15412DL2004PLC128666 | Previous |
Recognitions & Rankings of SPP Polymer
Contact details
SPP Polymer Limited's registered office is in New Delhi, Delhi.
- Registered AddressBearing No Dpt212, DLF Prime Tower Okhla Industrial Estate, New Delhi, Delhi, India – 110020
- IndustryPackaging, Woven Packaging Products
- 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
SPP Polymer operates one associated brand: Spppolymer. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HDPE/PP woven fabrics, bags, and non-woven products are manufactured. | spppolymer.com |
Business activity
The main business activity of SPP Polymer is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of SPP Polymer Limited, buy the company report.
Financials of SPP Polymer Limited
FY 2025-26 filings availableSPP Polymer Limited reported revenue of ₹110.67 Cr (up 2.9% 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 | 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
| 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 |
To see the full year-wise statements and ratios of SPP Polymer Limited, buy the company report.
Board of directors and KMP of SPP Polymer Limited
SPP Polymer Limited currently reports 5 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Liladhar Mundhara | Whole-Time Director | 03 Oct 2005 | 21 Years 0 Months | Current |
| Pooja Garg | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Rinku Gulgulia Also directs: Hira Electro Smelters Limited, 9Box Consultancy Private Limited | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Dipak Goyal | Cfo | 11 Aug 2023 | 3 Years 2 Months | Current |
| Rakesh Kothari | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Mahavir Bahety | Whole-Time Director | 17 Apr 2005 | 21 Years 6 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jan 2025 | 101063904 | Hdfc Bank Limited | ₹30 Lakh | Open | |
| 04 Mar 2006 | 90332767 | State Bank of India | ₹15.03 Cr | Open | |
| 21 Jul 2009 | 10167687 | State Bank of India | ₹7.5 Lakh | Satisfied |
To see the full charge records of SPP Polymer Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
SPP Polymer Limited has 32 deals on record (21 secondary share transfers, 9 funding rounds, 1 rights issue), with disclosed funding of ₹7.8 Cr; the latest was in September 2024.
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | IPO | ₹24.49 Cr | Investors: IPO SME - SPP Polymer Limited, B.N. Rathi Securities Limited , Stci Primary Dealer Limited |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Rinni Tie-Up Pvt.Ltd. , an individual |
| May 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Torner Tie-Up Pvt Ltd |
| Mar 2022 | Funding round | ₹2.44 Cr | Investors: 4 individuals |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Teji -Mandi Securities Pvt.Ltd. , Cygnus Publishers Ltd , Vogue Mercantile Private Limited |
To see the full deal history of SPP Polymer 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
SPP Polymer Limited has 42 court cases on record: 33 filed by SPP Polymer, 9 filed against it. 3 cases are pending and 39 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 35 | 6 | 2 |
| High courts | 6 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Execution petition | Filed by the company against Sanwa Business Pvt. Ltd. | Disposed |
| District court, Central, Delhi | Commercial suit | Filed by the company against Sanwa Business Pvt Ltd Through Its Directors and 1 other | Disposed |
| District court, North, Delhi | Court case (EX. CIVIL) | Filed by the company against an individual | Pending |
| High Court of Delhi | Appeal | Filed by the company against State of NCT of Delhi & Anr. | Pending |
| District court, Central, Delhi | Civil suit | Filed by the company against Ganpati Industries and 1 other | Pending |
To see the full case history of SPP Polymer 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
SPP Polymer Limited was last rated by Crisil on 18 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 Sep 2020 |
To see the full credit ratings and regulatory alerts of SPP Polymer Limited, buy the company report.
MSME payment delays
SPP Polymer Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 331 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Perfect Belts Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sonali Polymers Private Limited | |||
| Poddar Pigments Limited |
To see the full MSME payment records of SPP Polymer Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
SPP Polymer has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAICS9526Q1ZK | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SPP Polymer Limited, buy the company report.
Recent activity
SPP Polymer Limited has 12 board changes on record since 2005: 7 appointments and 5 cessations. The latest: Chetna Shoor was appointed as Company Secretary on 24 Feb 2024.
8 earlier events are in the company report.
Frequently asked questions
SPP Polymer is an active public limited company based in New Delhi, Delhi, India. The company works in woven packaging products, within the packaging industry. It was incorporated on 27 August 2004 (22+ years old) and is registered under CIN L15412DL2004PLC128666. Listed on NSE: SPPPOLY.
SPP Polymer reported revenue of ₹110.67 Cr for FY 2025-26 (up 2.9% YoY) based on standalone financials.
SPP Polymer has 6 current directors and KMP:
- Liladhar Mundhara - Whole-Time Director
- Mahavir Bahety - Whole-Time Director
- Pooja Garg - Director
- Rinku Gulgulia - Director
- Rakesh Kothari - Director
- Dipak Goyal - Cfo
The latest financial statements of SPP Polymer on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of SPP Polymer is 05AAICS9526Q1ZK, registered in Uttarakhand. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of SPP Polymer is L15412DL2004PLC128666. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. SPP Polymer is a listed company as per MCA records. Its shares are listed on NSE (symbol: SPPPOLY).
SPP Polymer has 42 court cases on record: 33 filed by the company and 9 filed against it. 3 are pending. Most are in the district courts.
SPP Polymer was incorporated on 27 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
SPP Polymer has 32 deals on record (21 secondary share transfers, 9 funding rounds, 1 rights issue), with disclosed funding of ₹7.8 Cr; the latest was in September 2024.
Chetna Shoor was appointed as Company Secretary on 24 Feb 2024. Pooja Garg was appointed as Director on 06 Oct 2023. Rakesh Kothari was appointed as Director on 06 Oct 2023. SPP Polymer has 12 board changes on record in total.