POLYCON
Polycon International financials
- Market cap
- ₹9 Cr
Quarterly results
Q1 FY27: revenue down 2.5%, net profit down 80.8% 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 | 6 | 5 | 5 | 4 | 4 −35% | 5 −11% | 5 −6% | 4 −3% |
| EBITDA | 1 | -1 | 1 | 1 | -0 −118% | 0 +124% | -0 −165% | 0 −52% |
| Net profit | 0 | 1 | -0 | -0 | -1 | -1 −186% | -1 −179% | -0 −81% |
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 +4.1% 1Y
1Y: ₹23.93 on 10 Sept 2025 → ₹24.9. High ₹33.71 (19 Dec 2025), low ₹16.26 (21 Apr 2026).
Financials, as filed
Revenue fell 12.5% a year over 2 years, FY24 to FY26. Operating margin narrowed to 1.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹23 Cr | ₹22 Cr | ₹18 Cr |
| Operating profit | ₹3 Cr | ₹1 Cr | ₹0 Cr |
| Operating margin | 13.6% | 6.2% | 1.2% |
| Interest | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹0 Cr | ₹0 Cr | ₹-3 Cr |
| Net margin | 0.3% | 0.6% | -16.4% |
| Cash from operations | ₹-1 Cr | ₹-0 Cr | ₹3 Cr |
| Free cash flow | ₹-2 Cr | ₹-2 Cr | ₹2 Cr |
| ROCE | 6.1% | 0.1% | -2.7% |
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 | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Reserves | ₹-2 Cr | ₹-2 Cr | ₹-2 Cr | ₹-2 Cr | ₹-3 Cr | ₹-4 Cr |
| Borrowings | ₹25 Cr | ₹27 Cr | ₹29 Cr | ₹33 Cr | ₹35 Cr | ₹34 Cr |
| Other liabilities | ₹5 Cr | ₹6 Cr | ₹4 Cr | ₹5 Cr | ₹7 Cr | ₹8 Cr |
| Total liabilities | ₹33 Cr | ₹37 Cr | ₹37 Cr | ₹42 Cr | ₹44 Cr | ₹43 Cr |
| Fixed assets | ₹10 Cr | ₹10 Cr | ₹9 Cr | ₹9 Cr | ₹8 Cr | ₹8 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹23 Cr | ₹27 Cr | ₹27 Cr | ₹32 Cr | ₹34 Cr | ₹33 Cr |
| Total assets | ₹33 Cr | ₹37 Cr | ₹37 Cr | ₹42 Cr | ₹44 Cr | ₹43 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
The ownership split has held steady since Jun 2025. The shareholder count grew 7% to 1,064.
- Promoters
- 49.6%
- Public
- 50.4%
Since Jun 2025
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 49.6%, Public 50.4%.Dec '23: Promoters 49.6%, Public 50.4%.Mar '24: Promoters 49.6%, Public 50.4%.Jun '24: Promoters 49.6%, Public 50.4%.Sep '24: Promoters 49.6%, Public 50.4%.Dec '24: Promoters 49.6%, Public 50.4%.Mar '25: Promoters 49.6%, Public 50.4%.Jun '25: Promoters 49.6%, Public 50.4%.Sep '25: Promoters 49.6%, Public 50.4%.Dec '25: Promoters 49.6%, Public 50.4%.Mar '26: Promoters 49.6%, Public 50.4%.Jun '26: Promoters 49.6%, Public 50.4%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Polycon International Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jai Sinter Polycon Limited | 11.71% | unchanged |
| Sankalp Granites Private Limited | 10.66% | unchanged |
| Rajiv Baid | 7.38% | unchanged |
| Sigo Polymers (p) Ltd. | 6.03% | unchanged |
| Maratha Petrochemical (p) Ltd. | 5.97% | unchanged |
| Bharat Kumar Baid Huf | 5.51% | unchanged |
| Vikram Baid | 4.70% | unchanged |
| Samta Baid | 3.20% | unchanged |
| Sadhna Baid | 3.12% | unchanged |
| Rajkumar Sethia | 3.09% | unchanged |
| Bharat Kumar Baid | 2.87% | unchanged |
| Ridam Polymers Private Limited | 2.85% | 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.
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