Kshitij Polyline Ltd. (IN:KSHITIJPOL)
:KSHITIJPOL
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Kshitij Polyline Ltd.
(KSHITIJPOL)
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Rating:57Neutral
Price Target:
₹3.50
▲(34.10% Upside)
Action:UpgradedDate:05/01/26
The score is held back primarily by weak cash conversion and persistently negative operating/free cash flow despite the FY2026 earnings rebound and improved leverage. Technicals are strong with price above key moving averages and positive MACD, but momentum looks stretched (high RSI/Stoch). Valuation appears moderate at ~16.4x earnings, with no dividend yield data to add support.
Positive Factors
Earnings Recovery
Returning to positive gross profit, EBIT and net income after a loss-making year demonstrates the business can restore underlying operations and demand. This creates a platform to stabilize margins, rebuild retained earnings and fund strategic actions over the next 2–6 months if cash conversion improves.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow means reported profits are not translating into cash, forcing reliance on external funding or asset sales. This undermines the company's ability to self-fund capex, reduce debt, or build liquidity, raising refinancing and execution risks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
Returning to positive gross profit, EBIT and net income after a loss-making year demonstrates the business can restore underlying operations and demand. This creates a platform to stabilize margins, rebuild retained earnings and fund strategic actions over the next 2–6 months if cash conversion improves.
Read all positive factors
Kshitij Polyline Ltd. (KSHITIJPOL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹306.16M
Dividend YieldN/A
Average Volume (3M)153.94K
Price to Earnings (P/E)4.0
Beta (1Y)0.60
Revenue Growth-23.89%
EPS Growth-1373.43%
CountryIN
Employees89
SectorBasic Materials
Sector Strength58
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-0.59
Shares Outstanding89,000,470
10 Day Avg. Volume137,114
30 Day Avg. Volume153,944
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.57
Price to Sales (P/S)0.80
P/FCF Ratio-3.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kshitij Polyline Ltd. Business Overview & Revenue Model
Company Description
Kshitij Polyline Limited manufactures, distributes, supplies, and imports a wide array of smart I.D. card products, binding and lamination equipment, related materials and accessories, and stationery products in India. The company offers industria...
How the Company Makes Money
Kshitij Polyline Ltd. generates its revenue primarily through the manufacturing and sale of its plastic and polymer-based products. The company produces items such as plastic sheets, safety laminates, and specialty packaging materials, which are s...
Kshitij Polyline Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 383.48M | 447.50M | 419.06M | 594.00M | 339.75M | 390.37M |
| Gross Profit | 13.83M | 144.50M | -48.91M | 85.30M | 111.31M | 109.04M |
| EBITDA | -19.59M | 80.02M | -46.82M | 57.00M | 34.00M | 37.93M |
| Net Income | -53.21M | 35.50M | -86.94M | 16.10M | 3.65M | 4.16M |
Balance Sheet | ||||||
| Total Assets | 763.99M | 889.45M | 566.92M | 743.70M | 487.32M | 405.89M |
| Cash, Cash Equivalents and Short-Term Investments | 217.07M | 411.56M | 2.24M | 6.40M | 33.38M | 2.59M |
| Total Debt | 163.67M | 187.80M | 156.01M | 444.00M | 212.54M | 172.66M |
| Total Liabilities | 165.37M | 258.95M | 199.72M | 540.80M | 261.52M | 221.75M |
| Stockholders Equity | 598.62M | 630.49M | 367.19M | 202.90M | 225.80M | 184.14M |
Cash Flow | ||||||
| Free Cash Flow | -206.19M | -102.71M | -134.10M | -165.10M | -27.51M | 21.54M |
| Operating Cash Flow | -156.96M | -9.11M | -113.14M | -80.60M | 1.84M | 38.90M |
| Investing Cash Flow | -41.95M | -273.79M | -15.70M | -123.20M | -44.07M | -25.50M |
| Financing Cash Flow | 210.84M | 283.18M | 130.02M | 176.80M | 73.02M | -19.11M |
Kshitij Polyline Ltd. Technical Analysis
Positive
2.61
Price Trends
2.48
Positive
2.45
Positive
2.77
Positive
Market Momentum
0.10
Negative
67.04
Neutral
83.58
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KSHITIJPOL, the sentiment is Positive. The current price of 2.61 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.48, and below the 200-day MA of 2.77, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 67.04 is Neutral, neither overbought nor oversold. The STOCH value of 83.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KSHITIJPOL.
Kshitij Polyline Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹6.17B | 7.41 | ― | 0.41% | 4.64% | 112.20% | |
71 Outperform | ₹5.27B | 15.16 | ― | 1.49% | 17.88% | 21.94% | |
65 Neutral | ₹5.02B | 9.74 | ― | 0.52% | 20.66% | 124.42% | |
63 Neutral | ₹1.18B | 16.55 | ― | ― | 6.98% | 240.64% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | ₹306.16M | 4.02 | ― | ― | -23.89% | -1373.43% | |
55 Neutral | ₹357.41M | -5.93 | ― | ― | -2.79% | -330.04% |
* Basic Materials Sector Average
IN:KSHITIJPOL
Kshitij Polyline Ltd.
3.44
0.04
1.18%
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Kshitij Polyline Ltd. Corporate Events
Kshitij Polyline Publishes FY26 Audited Results in Line with SEBI Norms
Apr 26, 2026
Kshitij Polyline Ltd. has announced that its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved by its board of directors on April 24, 2026, and subsequently published in the newspape...
Kshitij Polyline Clears FY26 Results With Clean Audit, Appoints New Internal Auditor
Apr 24, 2026
Kshitij Polyline Ltd. announced that its board has approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion on the annual financial ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.