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Polylink Polymers (India) Limited (531454) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹240M

PP Polylink Polymers (India) Limited 531454 · BSE
Price₹21.38
Fair Value₹9.41
Upside-56.0%
Quality45/100
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Expensive Growth
Thin margins · 1.8% net margin
Low debt · negative free cash flow
Narrow moat 18/100
Evidence: Medium Range ₹6.74 – ₹11.76 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 5 days ago

Below-average quality, and screening another 56% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹11.76). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹44.88 ₹11.81 Fair Value ₹9.41 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹11.81 – ₹44.88 · fair‑value band ₹6.74 – ₹11.76 · the ₹21.38 price screens above the ₹9.41 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Polylink Polymers (India) Limited (531454) currently trades at ₹21.38, while our model-based Fair Value estimate is ₹9.41, implying the stock looks roughly 56.0% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Polylink Polymers (India) Limited generated revenue of ₹375M at a net margin of 1.8%. Revenue declined 65.1% year over year. Net debt stands at ₹55.5M. The stock trades on a trailing P/E of 29.0 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹6.74 (bear case) to ₹11.76 (bull case); at ₹21.38, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 49% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at -24% fair-value upside, at -56%, 531454 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder ₹2.19 ₹2.57 ₹2.87 72
Growth-Adj P/E ₹6.74 ₹9.62 ₹12.51 68
P/E Multiple ₹8.30 ₹11.07 ₹13.83 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹3.76 ₹16.14 ₹22.06 54
Lynch FV ₹4.13 ₹5.90 ₹7.67 50
PEG = 1.0 ₹4.13 ₹5.90 ₹7.67 46
EPV ₹2.19 ₹2.57 ₹2.87 59
Multiples
P/E Multiple ₹8.30 ₹11.07 ₹13.83 63
P/S Multiple ₹7.05 ₹9.41 ₹11.76 58
P/B Multiple ₹7.05 ₹9.41 ₹11.76 55
EV/EBIT ₹7.30 ₹10.05 ₹12.80 53
EV/EBITDA ₹11.39 ₹15.50 ₹19.61 54
EV/Revenue ₹4.61 ₹6.99 ₹9.38 43
Asset-Based
NCAV (Graham) ₹7.04 ₹9.43 ₹14.08 50
Economic Profit
Residual Income ₹9.39 ₹8.91 ₹6.95 61
ROIC Compounder ₹2.19 ₹2.57 ₹2.87 72
Growth Earnings
Growth-Adj P/E ₹6.74 ₹9.62 ₹12.51 68

Widest divergence: Growth Earnings (₹9.62) versus Economic Profit (₹2.57). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹375M
Revenue growth (YoY) -65.1%
Net margin 1.8%
Free cash flow −₹25.1M FY2026
P/E ratio 29.0 as of Jul 4, 2026
Operating margin 2.0%
More key figures
EPS (TTM) ₹0.2970
EPS growth (YoY) +40.0%
Net debt ₹55.5M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 49 · Market factors (momentum, volatility) 37

Profitability 50
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Polylink Polymers (India) Limited primarily manufactures and sells polymeric compounds in India and internationally. The company offers calcium carbonate filled PP compounds for plastic garden furniture products and household applications; filled polypropylene compounds for other engineering applications; and glass and talc filled PP compounds.

Full company description

Polylink Polymers (India) Limited primarily manufactures and sells polymeric compounds in India and internationally. The company offers calcium carbonate filled PP compounds for plastic garden furniture products and household applications; filled polypropylene compounds for other engineering applications; and glass and talc filled PP compounds. It also provides black masterbatches for agriculture, packaging, electronics, textiles, non-woven, wire and cable, automotive, construction, and toys industries; color masterbatches for engineering plastics; white masterbatches that are used in food grade packing products, plastics engineering, non-woven fabrics, protective film coatings, and agricultural shading nets; and additive masterbatches, such as UV light stabilizer, antioxidant, and mould releasing and processing aid masterbatches, as well as processing aid masterbatches for clear and pigmented polyolefinic films, and PIB masterbatches for cling films. In addition, the company offers compounds for power cables and cross linked PE compounds for pipes; anti-tracking and semi-conducting compounds for cable jointing accessories; and fillers for woven and non-woven products. Polylink Polymers (India) Limited was founded in 1993 and is headquartered in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Polylink Polymers (India) Limited reported revenue of ₹834M in FY2026 versus ₹457M in FY2022, a compound +16.2%/yr. Reported net income was ₹12.2M in FY2026, compounding +8.1%/yr from FY2022.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹834M
Latest YoY
−8.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+17.4%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Revenue +16.2%/yr
FY22 ₹457M
FY23 ₹504M
FY24 ₹747M
FY25 ₹912M
FY26 ₹834M
Net income +8.1%/yr
FY22 ₹9.0M
FY23 ₹6.4M
FY24 ₹17.3M
FY25 ₹21.3M
FY26 ₹12.2M

531454 screens 56% overvalued. Compare with Finolex Industries Limited →

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Cite: Fair Value Calculator (2026). "Polylink Polymers (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/531454

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 97 · sector 0
DIVIDEND 0 · sector 0

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Rubber & Plastics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
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Nilkamal Limited 523385 ₹1,854 ₹1,228 -34%
Shaily Engineering Plastics Limited 501423 ₹3,431 ₹1,637 -52%
Rubfila International Limited 500367 ₹68.85 ₹96.62 +40%
Pix Transmissions Limited 500333 ₹1,929 ₹1,143 -41%
International Conveyors Limited 509709 ₹73.86 ₹56.24 -24%
Machino Plastics Limited 523248 ₹269.40 ₹43.10 -84%
Eastern Treads Limited 531346 ₹30.30 ₹3.27 -89%
Krypton Industries Limited 523550 ₹36.95 ₹35.73 -3%
Kunststoffe Industries Limited 523594 ₹19.59 ₹35.60 +82%

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Frequently asked questions

Is Polylink Polymers (India) Limited (531454) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹9.41 versus a price of ₹21.38, about −56% (overvalued).
What is the fair value of 531454?
Our model-based fair value for Polylink Polymers (India) Limited is ₹9.41 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹21.38.
What is the quality score of 531454?
Polylink Polymers (India) Limited has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Polylink Polymers (India) Limited (531454)?
Polylink Polymers (India) Limited reported trailing-twelve-month revenue of about ₹375M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531454?
The net profit margin of Polylink Polymers (India) Limited is about 1.8%, meaning it keeps roughly 1.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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