KSHITIJPOL
Kshitij Polyline financials
- Market cap
- ₹86 Cr
- Sector
- Chemicals
What Kshitij Polyline Limited does
Kshitij Polyline Limited manufactures, supplies, distributes and exports lamination and binding materials, ID-card accessories and stationery products from its manufacturing unit in Amli Village, Silvassa (Dadra and Nagar Haveli and Daman and Diu). Its product portfolio spans PP/PET sheets and films, lamination pouches and rolls, OHP sheets, binding spirals and combs, ID-card materials, badge clips, neck lanyards and card holders, and plastic files and folders, offered in various sizes, colours and customized specifications. The company markets itself as "A World of Plastic Sheets & Film", serving binding, laminating and industrial-printing use cases, and carries a GOCLASSIK-branded range of ID-card and binding/lamination products.
Segments
- Lamination & Binding Materials
- ID Card & Stationery Accessories
- Manufacturing units
- 1 (Amli Village, Silvassa, Dadra & Nagar Haveli and Daman and Diu)
- Product lines
- 12
- Production machinery/process lines
- Jacquard loom, PP film/sheet manufacturing machine, lamination film manufacturing machine, sheet cutting-engineering machine
Quarterly results
Q1 FY27: revenue up 57.7%, net profit up 4.4% 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 | 13 | 11 | 7 | 9 | 12 −8% | 11 −1% | 13 +97% | 14 +58% |
| EBITDA | -3 | -1 | -4 | 1 | 1 +121% | 1 +170% | 4 +186% | 1 +51% |
| Net profit | -4 | -0 | -4 | 0 | 1 +113% | 1 +222% | 2 +157% | 0 +4% |
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 +10.5% 1Y
1Y: ₹3.15 on 10 Sept 2025 → ₹3.48. High ₹7.19 (11 Jun 2026), low ₹1.99 (2 Feb 2026).
Financials, as filed
Revenue fell 13.2% a year over 2 years, FY24 to FY26. Operating margin widened to 13.1%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹59 Cr | ₹42 Cr | ₹45 Cr |
| Operating profit | ₹-1 Cr | ₹-7 Cr | ₹6 Cr |
| Operating margin | -1.9% | -17.8% | 13.1% |
| Interest | ₹2 Cr | ₹3 Cr | ₹1 Cr |
| Depreciation | ₹1 Cr | ₹2 Cr | ₹3 Cr |
| Net profit | ₹2 Cr | ₹-8 Cr | ₹4 Cr |
| Net margin | 2.7% | -18.4% | 8.4% |
| Cash from operations | ₹-8 Cr | ₹-9 Cr | ₹-1 Cr |
| Free cash flow | ₹-18 Cr | ₹0 Cr | ₹-10 Cr |
| ROCE | 8.2% | -10.8% | 8.1% |
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 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹8 Cr | ₹12 Cr | ₹10 Cr | ₹29 Cr | ₹32 Cr |
| Borrowings | ₹17 Cr | ₹22 Cr | ₹46 Cr | ₹11 Cr | ₹19 Cr |
| Other liabilities | ₹5 Cr | ₹5 Cr | ₹8 Cr | ₹5 Cr | ₹7 Cr |
| Total liabilities | ₹41 Cr | ₹49 Cr | ₹74 Cr | ₹76 Cr | ₹89 Cr |
| Fixed assets | ₹11 Cr | ₹11 Cr | ₹22 Cr | ₹14 Cr | ₹17 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr |
| Other assets | ₹29 Cr | ₹38 Cr | ₹51 Cr | ₹60 Cr | ₹69 Cr |
| Total assets | ₹41 Cr | ₹49 Cr | ₹74 Cr | ₹76 Cr | ₹89 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 Sep 2026
The ownership split has held steady since Sep 2025. The shareholder count grew 25% to 99,949.
- FIIs
- 0.1%
- Public
- 99.9%
Since Sep 2025
- FIIs −0.04 pp
- Public +0.04 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 98.9% to 99.9% — +1.0 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 0.6%, FIIs 0.5%, Public 98.9%.Mar '24: FIIs 0.5%, Public 99.5%.Jun '24: FIIs 0.5%, Public 99.5%.Sep '24: FIIs 0.3%, Public 99.7%.Dec '24: FIIs 0.3%, Public 99.7%.Mar '25: FIIs 0.3%, Public 99.7%.Jun '25: FIIs 0.3%, Public 99.7%.Sep '25: FIIs 0.2%, Public 99.8%.Dec '25: FIIs 0.2%, Public 99.8%.Mar '26: FIIs 0.2%, Public 99.8%.Jun '26: FIIs 0.2%, Public 99.8%.Sep '26: FIIs 0.1%, Public 99.9%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Purav Viratbhai Shah newly disclosed 1.47% held
- Shah Priyanka Purav newly disclosed 1.47% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Kshitij Polyline Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Purav Viratbhai Shah | 1.47% | newly disclosed |
| Shah Priyanka Purav | 1.47% | newly disclosed |
| Rita Bharat Gala | 0.00% | unchanged |
| Bharat Hemraj Gala (HUF) | 0.00% | unchanged |
| Bharat Gala | 0.00% | unchanged |
| Hemraj Bhimshi Gala | 0.00% | unchanged |
| Rahul Devshi Shah | 0.00% | unchanged |
| Chetan Devshi Shah | 0.00% | unchanged |
| Rajesh Gala | 0.00% | unchanged |
| Kshitika Bharat Gala | 0.00% | unchanged |
| Kalpesh Gala | 0.00% | unchanged |
| Devshi Shah | 0.00% | 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 Kshitij Polyline Limited
Guides on how to read this kind of business and the numbers that matter.