Kshitij Polyline Limited

About

Kshitij Polyline Limited manufactures, distributes, supplies, and exporting of various smart ID card products, binding and lamination equipment, related materials and accessories, and stationery products in India. It offers industrial products, including PP, PET, and PVC sheet; nylon coated wires and wiro; and spiral rings, as well as thermal laminating, PP and Bopet films. The company also provides healthcare products, such as N95 mask, PPE kit, industrial mask, face shield, and 3ply and fancy mask; post printing equipment comprising cold lamination machine, roll laminator, slot punch and corner cutter, spiral, comb, wiro, and perfect binding machines. Further, it provides ID card making machines, cutter, and printer; card tripping machine, and creasing and perforation machines; stationary products, including binding and lamination materials, Id card accessories, and PP files and folders; and customized products, such as hospital files, ID cards, badges, and printed lanyards. The company exports its products to various countries, including Uganda, Lebanon, Sri Lanka, South Africa, Bhutan, Nepal, Dubai, and internationally. Kshitij Polyline Limited was founded in 1998 and is headquartered in Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap81 Cr

P/E20.90

Div Yield0.00 %

Book Value₹2.92

52w High₹7.37

52w Low₹1.92

Face Value₹2.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	14.35	13.14	10.54	11.97	9.10	6.66	10.61	13.07	11.56	15.04	14.04	16.10	14.22
Expenses	13.17	9.41	9.82	11.34	8.32	10.99	11.64	16.07	10.67	12.49	16.78	16.85	14.38
Operating Profit	1.18	3.73	0.72	0.63	0.78	-4.33	-1.03	-3.00	0.89	2.55	-2.74	-0.75	-0.16
OPM %	8.22	28.39	6.83	5.26	8.57	-65.02	-9.71	-22.95	7.70	16.95	-19.52	-4.66	-1.13
Other Income	0.60	0.35	0.62	0.86	0.50	0.62	0.95	0.23	0.12	0.10	6.00	0.38	0.31
Depreciation	0.67	1.20	0.57	0.66	0.50	0.93	0.36	0.15	0.22	0.43	0.26	0.25	0.23
Interest	0.56	0.22	0.27	0.47	0.46	0.95	0.31	1.06	0.21	0.02	0.71	0.86	0.59
Profit before tax	0.55	2.66	0.50	0.36	0.32	-5.59	-0.75	-3.98	0.58	2.20	2.29	-1.48	-0.67
Tax %	0.00	15.79	0.00	0.00	0.00	-3.04	0.00	-2.01	13.79	30.91	0.87	1.35	2.99
Net Profit	0.47	2.17	0.61	0.51	0.45	-3.81	-0.50	-3.90	0.50	1.52	2.28	-1.49	-0.70
EPS in Rs	0.03	0.10	0.03	0.02	0.04	-0.31	-0.04	-0.31	0.04	0.12	0.18	-0.12	-0.05

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Sales	44.75	41.91	59.36	33.86	39.04
Expenses	38.93	48.50	60.45	30.46	35.28
Operating Profit	5.82	-6.59	-1.09	3.40	3.76
OPM %	13.01	-15.72	-1.84	10.04	9.63
Other Income	2.18	1.91	6.79	0.10	0.04
Interest	1.43	2.53	2.18	1.63	2.08
Depreciation	2.61	1.66	1.17	1.27	1.10
Profit before tax	3.96	-8.87	2.35	0.60	0.62
Tax %	10.61	-1.92	31.49	40.00	33.87
Net Profit	3.87	-6.84	1.61	0.36	0.42
EPS in Rs	0.18	-0.55	0.13	0.03	0.03
Dividend Payout %	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Equity Capital	30.85	17.80	10.13	10.13	10.13
Reserves	32.20	18.92	10.16	12.26	8.28
Borrowings	18.78	15.06	45.82	21.85	17.27
Other Liabilities	7.11	4.91	8.25	5.00	4.91
Total Liabilities	88.94	56.69	74.36	49.24	40.59
Fixed Assets	16.99	10.28	21.89	11.30	11.16
CWIP	0.00	0.00	1.00	0.00	0.00
Investments	2.49	5.46	0.00	0.00	0.00
Other Assets	69.46	40.95	51.47	37.94	29.43
Total Assets	88.94	56.69	74.36	49.24	40.59

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Cash from Operating Activity	-0.91	-8.63	-7.97	-1.27	3.89
Cash from Investing Activity	-27.38	15.57	-12.32	-4.51	-2.55
Cash from Financing Activity	28.32	-7.36	17.68	8.86	-1.91
Net Cash Flow	0.03	-0.41	-2.60	3.08	-0.57
Free Cash Flow	-10.23	0.07	-17.67	-3.48	2.15
CFO/OP %	-16.00	131.00	727.00	-32.00	106.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Debtor Days	50.57	44.85	66.59	62.74	56.75
Inventory Days	186.35	79.71	102.70	253.97	197.13
Days Payable	55.41	16.39	35.32	48.19	51.76
Cash Conversion Cycle	181.51	108.17	133.98	268.52	202.13
Working Capital Days	346.40	155.46	43.84	78.15	91.34
ROCE %	8.07	-10.76	8.21	5.58	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.64	28.76
FIIs	0.16	0.16	0.16	0.16	0.30	0.30	0.28	0.28	0.49	0.49	0.49	0.49
Public	99.84	99.84	99.84	99.84	99.70	99.70	99.72	99.72	99.51	99.51	98.87	70.74
No. of Shareholders	103,384	75,465	77,649	80,268	83,095	85,972	89,697	75,556	50,530	46,606	49,628	41,627

Corporate Actions

3 records

Action	Ex Date	Record Date	Ratio	Amount (₹)
Rights	19 Aug 2026	19 Aug 2026	2:5	—
Rights	18 Jun 2024	18 Jun 2024	4:5	—
Split	27 Oct 2022	27 Oct 2022	10:2	—

Announcements

5 filings

Appointment
04 Sep 2026 4 Sep - Board approved Vineeta Jain’s reappointment as Whole-Time Director from Jan 30, 2027 to Jan 29, 2030, subject to shareholders.
Copy of Newspaper Publication
31 Aug 2026 31 Aug - Rights issue closing extended to September 9, 2026; allotment and listing dates deferred.
Copy of Newspaper Publication
29 Aug 2026 29 Aug - Newspaper ads issued for 18th AGM notice and FY2025-26 annual report; AGM on 29 September 2026, 11:30 AM.
General Updates
29 Aug 2026 29 Aug - Rights issue closure extended to September 9, 2026; issue size up to ₹1,955.83 lakh.
Outcome of Board Meeting
29 Aug 2026 29 Aug - Board extended 61,697,950-share rights issue closure to September 9, 2026; listing now September 15.

Annual Reports

Credit Ratings

Rating update
10 Jan 2022 from crisil
Rating update
31 Mar 2021 from crisil
Rating update
20 Dec 2019 from crisil

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