G M Polyplast FY26 Net Profit Rises 11% to ₹826.69 Lakh on Higher Revenue
G M Polyplast announced audited FY26 standalone results with net profit rising to ₹826.69 lakh from ₹744.44 lakh in FY25, on revenue from operations of ₹10,299.19 lakh. Total assets grew to ₹5,940.17 lakh and cash balances improved to ₹567.38 lakh. The Board, in its May 16, 2026 meeting, approved results, key auditor continuations, and the reappointment of Managing Director Dinesh Sharma subject to shareholder approval.
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G M Polyplast has announced its audited standalone financial results for the year ended March 31, 2026. The company reported a net profit of ₹826.69 lakh for the fiscal year, marking an increase from ₹744.44 lakh in the previous year. Revenue from operations rose to ₹10,299.19 lakh from ₹9,615.55 lakh in FY25. The Board of Directors, in its meeting held on May 16, 2026, approved the audited financial results and financial statements. The statutory auditors, M/s. Ajmera & Ajmera, Chartered Accountants, issued an audit report with an unmodified opinion on the audited financial results.
Financial Performance
The company's total income for the year ended March 31, 2026, reached ₹10,314.34 lakh, up from ₹9,623.89 lakh in the corresponding period last year. Total expenditure for the period was reported at ₹9,200.75 lakh, compared to ₹8,624.87 lakh in the prior year. Profit before tax for the year stood at ₹1,113.59 lakh, an increase from ₹999.02 lakh in FY25. Tax expense for the year was ₹286.90 lakh against ₹254.58 lakh in the previous year.
The following table summarises the key financial metrics for the year:
| Particulars: | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations: | 10,299.19 | 9,615.55 |
| Other Income: | 15.15 | 8.34 |
| Total Income: | 10,314.34 | 9,623.89 |
| Total Expenditure: | 9,200.75 | 8,624.87 |
| Profit Before Tax: | 1,113.59 | 999.02 |
| Tax Expense: | 286.90 | 254.58 |
| Net Profit: | 826.69 | 744.44 |
| Basic EPS (₹): | 6.14 | 5.53 |
| Diluted EPS (₹): | 6.14 | 5.53 |
Balance Sheet Highlights
The company's reserves and surplus increased to ₹3,400.81 lakh as of March 31, 2026, from ₹2,574.12 lakh a year earlier. Total shareholders' funds stood at ₹4,746.77 lakh, up from ₹3,920.08 lakh. Total assets grew to ₹5,940.17 lakh from ₹4,861.34 lakh. Cash and bank balances improved significantly to ₹567.38 lakh from ₹102.64 lakh, while trade receivables rose to ₹2,537.14 lakh from ₹2,112.09 lakh. Property, plant and equipment stood at ₹908.46 lakh as against ₹558.75 lakh in the prior year.
| Balance Sheet Item: | March 31, 2026 (₹ in Lakhs) | March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Share Capital: | 1,345.96 | 1,345.96 |
| Reserves and Surplus: | 3,400.81 | 2,574.12 |
| Total Shareholders' Funds: | 4,746.77 | 3,920.08 |
| Total Assets: | 5,940.17 | 4,861.34 |
| Cash and Bank Balances: | 567.38 | 102.64 |
| Trade Receivables: | 2,537.14 | 2,112.09 |
| Inventories: | 1,015.90 | 1,374.76 |
| Property, Plant & Equipment: | 908.46 | 558.75 |
Cash Flow Summary
Net cash from operating activities for the year stood at ₹951.41 lakh, a significant improvement from ₹27.40 lakh in the previous year. Cash generated from operations before taxes was ₹1,218.39 lakh compared to ₹294.00 lakh in FY25. Net cash used in investing activities was ₹550.69 lakh, primarily driven by purchase of fixed assets worth ₹487.21 lakh. Net cash from financing activities was ₹64.02 lakh. Overall, cash and cash equivalents at the close of the year stood at ₹567.38 lakh, up from ₹102.64 lakh at the beginning of the year.
Board Decisions
During the meeting, the Board considered and approved the reappointment of Mr. Dinesh Sharma (DIN: 00418667), who retires by rotation and is eligible for reappointment, subject to shareholder approval. The Board also approved the continuation of M/s. D D & Associates as Internal Auditors and M/s. Pranay D. Vaidya and Co. as Secretarial Auditors for the financial year 2026-27. M/s. PRO & Associates were appointed as Cost Auditors for the upcoming fiscal year. The Board also considered and adopted the Board of Directors' report along with its annexures and the Management Discussion and Analysis report. The date for the Annual General Meeting was approved, and the notice convening the meeting will be issued in due course.
The company is listed on the SME platform of BSE and is exempt from Ind-AS applicability as per the proviso to Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015. The company has not prepared consolidated financial statements for the year ended March 31, 2026, as its wholly owned subsidiary, M/s. Regranix Private Limited, incorporated on March 13, 2026, has not commenced any business operations or undertaken any financial transactions during the year.
Historical Stock Returns for G M Polyplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.69% | +1.45% | +9.38% | -11.95% | -24.73% | +191.67% |
What business operations is GM Polyplast's wholly owned subsidiary Regranix Private Limited expected to commence, and how might it contribute to consolidated revenues in FY27?
Given the significant increase in capital expenditure on property, plant and equipment, what capacity expansion or new product lines is GM Polyplast targeting to sustain its revenue growth trajectory?
With trade receivables growing faster than revenue, what steps is management taking to improve debtor collection efficiency and manage working capital risks?
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