Board Change • 17h
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Pramod Agrawal was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Pramod Agrawal was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 30
Polymac Thermoformers Limited Announces Appointment of Puspjeet Kumar as Director, Effective May 29, 2026 Polymac Thermoformers Limited had appointed Mr. Puspjeet Kumar (DIN: 00548463) as Non Executive Director of the Company with effect from May 29, 2026. The appointment was approved in the Board Meeting held on May 29, 2026. Mr. Puspjeet Kumar (DIN: 00548463) is a Chartered Accountant and has wide experience in Corporate Tax, Transfer Pricing, Business Restructuring, Expatriate Taxation, Company Law etc. Reported Earnings • May 22
Full year 2026 earnings released: EPS: ₹0.02 (vs ₹0.09 in FY 2025) Full year 2026 results: EPS: ₹0.02 (down from ₹0.09 in FY 2025). Revenue: ₹134.5m (up 57% from FY 2025). Net income: ₹115.0k (down 74% from FY 2025). Profit margin: 0.1% (down from 0.5% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Duyuru • May 14
Polymac Thermoformers Limited to Report Q4, 2026 Results on May 20, 2026 Polymac Thermoformers Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 20, 2026 Duyuru • Feb 17
Polymac Thermoformers Limited Announces Board Changes Polymac Thermoformers Limited announced that Mr. Puspjeet Kumar resigned from his position as Director of the company effective February 14, 2026, due to personal and unavoidable circumstances. The company also approved the appointment of Mr. Jitendra Kumar Modi as Director of the company effective February 16, 2026. Mr. Jitendra Kumar Modi has been working in the field of Finance, Accounts, and Taxation and also manages the affairs related to accounting and taxation. Mr. Jitendra Kumar Modi is the husband of the Wholetime Director of the company. The board meeting was held on February 16, 2026. New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings have declined by 32% 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 Shares are highly illiquid. Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (₹86.1m market cap, or US$970.3k). Minor Risk Revenue is less than US$5m (₹91m revenue, or US$1.0m). Duyuru • Nov 08
Polymac Thermoformers Limited to Report First Half, 2026 Results on Nov 12, 2025 Polymac Thermoformers Limited announced that they will report first half, 2026 results on Nov 12, 2025 Board Change • Oct 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Abhay Goenka was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 07
Full year 2025 earnings released: EPS: ₹0.09 (vs ₹0.64 in FY 2024) Full year 2025 results: EPS: ₹0.09 (down from ₹0.64 in FY 2024). Revenue: ₹85.7m (down 41% from FY 2024). Net income: ₹443.0k (down 86% from FY 2024). Profit margin: 0.5% (down from 2.1% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Duyuru • Aug 28
Polymac Thermoformers Limited, Annual General Meeting, Sep 26, 2025 Polymac Thermoformers Limited, Annual General Meeting, Sep 26, 2025, at 13:00 Indian Standard Time. Location: 29a, weston street, 3rd floor room, room no. c5, kolkata - 700 012, kolkata India Board Change • Aug 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Abhay Goenka was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Abhay Goenka was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 04
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₹86m (US$998k) This is considered a major 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 Revenue is less than US$1m (₹86m revenue, or US$998k). Market cap is less than US$10m (₹65.3m market cap, or US$760.2k). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Duyuru • May 14
Polymac Thermoformers Limited to Report Second Half, 2025 Results on May 17, 2025 Polymac Thermoformers Limited announced that they will report second half, 2025 results on May 17, 2025 Board Change • Mar 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Abhay Goenka was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 29
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 7.6% 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 Risk Market cap is less than US$10m (₹90.1m market cap, or US$1.04m). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹101m revenue, or US$1.2m). Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Abhay Goenka was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹23.03, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 25x in the Packaging industry in India. Total loss to shareholders of 32% over the past three years. Duyuru • Nov 09
Polymac Thermoformers Limited to Report First Half, 2025 Results on Nov 14, 2024 Polymac Thermoformers Limited announced that they will report first half, 2025 results on Nov 14, 2024 New Risk • Nov 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹92.4m market cap, or US$1.10m). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Revenue is less than US$5m (₹145m revenue, or US$1.7m). New Risk • Sep 23
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 8.2% 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 High level of non-cash earnings (20% accrual ratio). Market cap is less than US$10m (₹131.9m market cap, or US$1.58m). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Revenue is less than US$5m (₹145m revenue, or US$1.7m). Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₹27.58, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 2.1% over the past three years. Recent Insider Transactions • Sep 22
Non Executive Director recently bought ₹1.5m worth of stock On the 19th of September, Puspjeet Kumar bought around 70k shares on-market at roughly ₹22.09 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Aug 29
Polymac Thermoformers Limited, Annual General Meeting, Sep 24, 2024 Polymac Thermoformers Limited, Annual General Meeting, Sep 24, 2024, at 13:30 Indian Standard Time. Location: 29a, weston street, 3rd floor room, room no. c5, kolkata - 700 012, kolkata India Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹30.65, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 27x in the Packaging industry in India. Total returns to shareholders of 18% over the past three years. Reported Earnings • Jun 24
Full year 2024 earnings released: EPS: ₹0.64 (vs ₹0.94 in FY 2023) Full year 2024 results: EPS: ₹0.64 (down from ₹0.94 in FY 2023). Revenue: ₹145.5m (up 65% from FY 2023). Net income: ₹3.08m (down 31% from FY 2023). Profit margin: 2.1% (down from 5.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 61% per year, which means it is well ahead of earnings. Duyuru • Jun 14
Polymac Thermoformers Limited to Report Second Half, 2024 Results on Jun 18, 2024 Polymac Thermoformers Limited announced that they will report second half, 2024 results on Jun 18, 2024 New Risk • Jun 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 Risk Market cap is less than US$10m (₹197.4m market cap, or US$2.37m). Minor Risks High level of debt (71% net debt to equity). Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Revenue is less than US$5m (₹136m revenue, or US$1.6m). Duyuru • May 25
Polymac Thermoformers Limited to Report Second Half, 2024 Results on May 30, 2024 Polymac Thermoformers Limited announced that they will report second half, 2024 results on May 30, 2024 New Risk • Nov 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 71% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹189.2m market cap, or US$2.27m). Minor Risks High level of debt (71% net debt to equity). Revenue is less than US$5m (₹125m revenue, or US$1.5m). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹36.00, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 24x in the Packaging industry in India. Total returns to shareholders of 1.3% over the past year. Duyuru • Aug 30
Polymac Thermoformers Limited, Annual General Meeting, Sep 27, 2023 Polymac Thermoformers Limited, Annual General Meeting, Sep 27, 2023, at 13:00 Indian Standard Time. Location: 29A, Weston Street, 3rd Floor, Room No. C5, Kolkata-700012 Kolkata India Agenda: To consider and adopt the audited financial statement of the Company for the financial year ended March 31,2023; and to reappoint Mr.Puspjeet Kumar;. New Risk • Jun 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₹165.3m market cap, or US$2.02m). Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Revenue is less than US$5m (₹106m revenue, or US$1.3m). Reported Earnings • Jun 17
Full year 2023 earnings released: EPS: ₹0.94 (vs ₹1.05 in FY 2022) Full year 2023 results: EPS: ₹0.94 (down from ₹1.05 in FY 2022). Revenue: ₹106.1m (up 48% from FY 2022). Net income: ₹4.49m (down 11% from FY 2022). Profit margin: 4.2% (down from 7.0% in FY 2022). The decrease in margin was driven by higher expenses. Duyuru • May 23
Polymac Thermoformers Limited to Report Fiscal Year 2023 Results on May 30, 2023 Polymac Thermoformers Limited announced that they will report fiscal year 2023 results on May 30, 2023 Duyuru • Aug 27
Polymac Thermoformers Limited, Annual General Meeting, Sep 28, 2022 Polymac Thermoformers Limited, Annual General Meeting, Sep 28, 2022, at 13:30 Indian Standard Time. Location: 29A,Weston Street 3rd Floor, Room No C5 Kolkata India Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 16% share price gain to ₹37.10, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 14x in the Packaging industry in India. Total returns to shareholders of 267% over the past year. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹1.05 (vs ₹0.23 in FY 2021) Full year 2022 results: EPS: ₹1.05 (up from ₹0.23 in FY 2021). Revenue: ₹82.4m (up 34% from FY 2021). Net income: ₹5.01m (up 355% from FY 2021). Profit margin: 6.1% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Duyuru • May 24
Polymac Thermoformers Limited to Report Fiscal Year 2022 Results on May 30, 2022 Polymac Thermoformers Limited announced that they will report fiscal year 2022 results on May 30, 2022 Executive Departure • Sep 07
Chief Financial Officer Jitendra Modi has left the company On the 31st of August, Jitendra Modi's tenure as Chief Financial Officer ended after 6.2 years in the role. We don't have any record of a personal shareholding under Jitendra's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 15% share price gain to ₹12.00, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 18x in the Packaging industry in India. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹7.60, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 13x in the Packaging industry in India. Reported Earnings • Jun 03
Full year 2021 earnings released: EPS ₹0.23 (vs ₹0.51 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹69.3m (up 32% from FY 2020). Net income: ₹1.10m (up ₹3.54m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Executive Departure • Apr 20
Company Secretary & Compliance Officer has left the company On the 13th of April, Varsha Gupta's tenure as Company Secretary & Compliance Officer ended after 3.1 years in the role. We don't have any record of a personal shareholding under Varsha's name. A total of 2 executives have left over the last 12 months.