AXELPOLY
Axel Polymers financials
- Market cap
- ₹46 Cr
Quarterly results
Q1 FY27: revenue up 38.5%, net profit up 350.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 | 11 | 14 | 12 | 11 −23% | 9 −20% | 13 −8% | 16 +38% |
| EBITDA | 0 | 0 | 3 | 1 | 1 +520% | 0 +69% | 0 −93% | 1 +6% |
| Net profit | -1 | -1 | 2 | 0 | 0 +101% | -1 +18% | -1 −137% | 0 +350% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −18.7% 1Y
1Y: ₹55.95 on 10 Sept 2025 → ₹45.51. High ₹56.5 (3 Oct 2025), low ₹38.5 (27 Mar 2026).
Financials, as filed
Revenue fell 42.1% a year over 2 years, FY24 to FY26. Operating margin widened to 5.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹133 Cr | ₹82 Cr | ₹44 Cr |
| Operating profit | ₹6 Cr | ₹4 Cr | ₹2 Cr |
| Operating margin | 4.4% | 4.8% | 5.5% |
| Interest | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹2 Cr | ₹0 Cr | ₹-1 Cr |
| Net margin | 1.3% | 0.2% | -3.1% |
| Cash from operations | ₹3 Cr | ₹-4 Cr | ₹-3 Cr |
| Free cash flow | ₹2 Cr | ₹-5 Cr | ₹-3 Cr |
| ROCE | 12.9% | 7.9% | 3.5% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹11 Cr |
| Reserves | ₹3 Cr | ₹4 Cr | ₹5 Cr | ₹6 Cr | ₹7 Cr | ₹14 Cr |
| Borrowings | ₹26 Cr | ₹26 Cr | ₹25 Cr | ₹26 Cr | ₹32 Cr | ₹30 Cr |
| Other liabilities | ₹14 Cr | ₹17 Cr | ₹17 Cr | ₹24 Cr | ₹19 Cr | ₹15 Cr |
| Total liabilities | ₹52 Cr | ₹55 Cr | ₹55 Cr | ₹64 Cr | ₹66 Cr | ₹70 Cr |
| Fixed assets | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹44 Cr | ₹48 Cr | ₹46 Cr | ₹54 Cr | ₹56 Cr | ₹60 Cr |
| Total assets | ₹52 Cr | ₹55 Cr | ₹55 Cr | ₹64 Cr | ₹66 Cr | ₹70 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +14.56 pp while promoters trimmed −14.51 pp.
- Promoters
- 46.6%
- DIIs
- 0.2%
- Public
- 53.2%
Since Jun 2025
- Public +14.56 pp
- Promoters −14.51 pp
- DIIs −0.06 pp
How it drifted, 12 quarters
Over this window the public went from 37.9% to 53.2% — +15.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 61.9%, DIIs 0.2%, Public 37.9%.Dec '23: Promoters 61.7%, DIIs 0.2%, Public 38.0%.Mar '24: Promoters 61.3%, DIIs 0.2%, Public 38.5%.Jun '24: Promoters 61.3%, DIIs 0.2%, Public 38.5%.Sep '24: Promoters 61.2%, DIIs 0.2%, Public 38.6%.Dec '24: Promoters 61.2%, DIIs 0.2%, Public 38.6%.Mar '25: Promoters 61.2%, DIIs 0.2%, Public 38.6%.Jun '25: Promoters 61.2%, DIIs 0.2%, Public 38.6%.Sep '25: Promoters 61.2%, DIIs 0.2%, Public 38.6%.Dec '25: Promoters 60.3%, DIIs 0.2%, Public 39.5%.Mar '26: Promoters 46.6%, DIIs 0.2%, Public 53.2%.Jun '26: Promoters 46.6%, DIIs 0.2%, Public 53.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Axel Polymers Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Gaurav Surendrakumar Thanky | 32.82% | unchanged |
| Aarasp Bejan Bodhanwala | 8.42% | unchanged |
| Dhara Gaurav Thanky | 2.02% | unchanged |
| Tejal Parag Dattani | 1.70% | −0.20 pp |
| Kalpesh Mahendra Gandhi | 1.70% | unchanged |
| Ami Kalpesh Gandhi | 1.09% | unchanged |
| Mahendrakumar N. Patel | 1.01% | unchanged |
| Jigar Mistry | 1.01% | unchanged |
| Swati Jayesh Shah | 1.01% | unchanged |
| Patel Lata Devendra | 0.94% | unchanged |
| Minnie Aarasp Bodhanwala | 0.88% | unchanged |
| Mahendrakumar Patel | 0.43% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Axel Polymers Ltd.
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