Valuation Update With 7 Day Price Move • 13h
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹55.05, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 29x in the Machinery industry in India. Total loss to shareholders of 64% over the past year. Reported Earnings • Aug 16
First quarter 2027 earnings released: EPS: ₹0.08 (vs ₹0.39 in 1Q 2026) First quarter 2027 results: EPS: ₹0.08 (down from ₹0.39 in 1Q 2026). Revenue: ₹51.1m (down 34% from 1Q 2026). Net income: ₹2.01m (down 72% from 1Q 2026). Profit margin: 3.9% (down from 9.3% in 1Q 2026). The decrease in margin was driven by lower revenue. Aankondiging • Aug 07
Polysil Irrigation Systems Limited to Report Q1, 2027 Results on Aug 14, 2026 Polysil Irrigation Systems Limited announced that they will report Q1, 2027 results on Aug 14, 2026 New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹941.9m (US$9.89m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 12% per year over the past 5 years. High level of non-cash earnings (79% accrual ratio). Market cap is less than US$10m (₹941.9m market cap, or US$9.89m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹456m revenue, or US$4.8m). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹92.25, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 29x in the Machinery industry in India. Total loss to shareholders of 24% over the past year. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Earnings have declined by 12% per year over the past 5 years. High level of non-cash earnings (79% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Revenue is less than US$5m (₹456m revenue, or US$4.7m). Market cap is less than US$100m (₹1.27b market cap, or US$13.2m). Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: ₹1.36 (vs ₹1.63 loss in FY 2025) Full year 2026 results: EPS: ₹1.36 (up from ₹1.63 loss in FY 2025). Revenue: ₹470.4m (up 239% from FY 2025). Net income: ₹28.1m (up ₹46.6m from FY 2025). Profit margin: 6.0% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. New Risk • Jun 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 34% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Revenue is less than US$5m (₹205m revenue, or US$2.2m). Market cap is less than US$100m (₹1.62b market cap, or US$17.0m). Aankondiging • May 22
Polysil Irrigation Systems Limited to Report Second Half, 2026 Results on May 30, 2026 Polysil Irrigation Systems Limited announced that they will report second half, 2026 results on May 30, 2026 New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings have declined by 34% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Earnings have declined by 34% per year over the past 5 years. Minor Risks Revenue is less than US$5m (₹210m revenue, or US$2.4m). Market cap is less than US$100m (₹3.39b market cap, or US$38.3m). Aankondiging • Nov 14
Polysil Irrigation Systems Limited to Report First Half, 2026 Results on Nov 14, 2025 Polysil Irrigation Systems Limited announced that they will report first half, 2026 results on Nov 14, 2025 Aankondiging • Sep 05
Polysil Irrigation Systems Limited, Annual General Meeting, Sep 27, 2025 Polysil Irrigation Systems Limited, Annual General Meeting, Sep 27, 2025, at 15:00 Indian Standard Time. New Risk • Jun 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹740.0m market cap, or US$8.54m). Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Revenue is less than US$5m (₹428m revenue, or US$4.9m). Board Change • May 14
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Non-Executive Director Anilkumar Singh is the most experienced director on the board, commencing their role in 2022. Non-Executive Independent Director Mona Patel was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹17.95, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 29x in the Machinery industry in India. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ₹17.10, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 30x in the Machinery industry in India. Total loss to shareholders of 63% over the past year. New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹222.3m market cap, or US$2.56m). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹428m revenue, or US$4.9m). New Risk • Jan 01
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: ₹428m (US$5.0m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Market cap is less than US$10m (₹314.1m market cap, or US$3.67m). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Revenue is less than US$5m (₹428m revenue, or US$5.0m). Reported Earnings • Dec 07
First half 2025 earnings released: EPS: ₹1.10 (vs ₹1.21 in 1H 2024) First half 2025 results: EPS: ₹1.10. Revenue: ₹87.3m (down 16% from 1H 2024). Net income: ₹13.9m (up 16% from 1H 2024). Profit margin: 16% (up from 12% in 1H 2024). The increase in margin was driven by lower expenses. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (24% accrual ratio). Market cap is less than US$10m (₹329.5m market cap, or US$3.90m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Aankondiging • Oct 24
Polysil Irrigation Systems Limited Announces Resignation of Bipinkumar Hirpara as the Independent Director and Member of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Relationship Committee Polysil Irrigation Systems Limited announced that Mr. Bipinkumar Hirpara has tendered his resignation as the Independent Director of the Company, with effect from 22nd October 2024, citing other commitments. Consequently, he shall also cease to be a Member of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders Relationship Committee of the Company. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: AMPVOLTS LIMITED (Independent Director), Audit Committee (Member), Nomination and Remuneration Committee (Member) and Risk Management Committee (Member). IBL FINANCE LIMITED (Independent Director), Audit Committee (Chairman) and Nomination and Remuneration Committee(Chairman). Aankondiging • Sep 16
Polysil Irrigation Systems Limited, Annual General Meeting, Sep 30, 2024 Polysil Irrigation Systems Limited, Annual General Meeting, Sep 30, 2024, at 14:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹37.55, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 36x in the Machinery industry in India. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹37.45, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 33x in the Machinery industry in India. Board Change • Feb 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Non-Executive Director Anilkumar Singh is the most experienced director on the board, commencing their role in 2022. Non-Executive Independent Director Mona Patel was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 
