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Pearl Polymers Limited (PEARLPOLY)

₹16.32 -2.10% last close, 16 Oct

📊 NSE: PEARLPOLY 🏢 Plastics Products 📢 Latest filing: 12 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Pearl Polymers' revenue was ₹5.0 Cr (+2.4% year on year, -9.8% on the previous quarter), and net profit ₹2.3 Cr (-18.7% year on year); the operating margin was -27.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹5.0	+2.4%	-9.8%
Operating profit	₹-1.4	loss narrowed	loss narrowed
Net profit	₹2.3	-18.7%	from loss
EPS (₹)	1.40	-18.6%	from loss
Operating margin	-27.2%	—	—

Full quarterly financials → Results calendar →

PEARLPOLY delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 69.14% of the PEARLPOLY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 80.6%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. It traded 2.1 times its average daily volume. It closed at a price band (circuit) on 4 sessions in about the last 20.

69.14%Delivery, 16 Oct

80.6%Own 20-session average

2.1×Volume vs its average

₹16.32NSE close · -2.10%

Delivery in the last 5 sessions: 96.5% · 96.4% · 69.6% · 69.4% · 69.1%

Delivery across the market →Unusual volume today →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Pearl Polymers Submits Reg 74(5) Demat Compliance Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Oct 2026, 10:35 AM

Pearl Polymers Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate from the Registrar and Share Transfer Agent, Mas Services Limited, confirms that dematerialization requests received between July 1, 2026, and September 30, 2026, were processed within 15 days. Additionally, physical certificates were verified, mutilated, and cancelled as per regulatory guidelines. This is a routine secretarial filing with no impact on the company's operational or financial performance.

Covers the dematerialization period from 01/07/2026 to 30/09/2026
Securities confirmed or rejected to depositories within the required limit of 15 days
Security certificates were mutilated and cancelled after due verification within 15 days
Compliance certificate issued by Registrar Mas Services Limited on October 06, 2026

💡 No action required; this is a purely administrative compliance filing. Investors should focus on upcoming Q2 FY27 earnings announcements.

Pearl Polymers Shareholders Approve All Resolutions at 55th AGM with 99.95% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 26 Sep 2026, 05:12 PM

Pearl Polymers Limited submitted the scrutinizer's report and voting results for its 55th Annual General Meeting held on September 25, 2026. A total of 94,20,913 votes were polled across 16,609 shareholders on record, representing 55.96% of outstanding shares. Both ordinary resolutions—the adoption of FY26 standalone financial statements and the re-appointment of retiring director Mr. Amit Seth—were passed with a 99.95% majority. No special or unexpected operational matters were voted upon.

Resolutions passed with 99.95% assent (94,16,049 votes in favour vs 4,864 against)
Total voter turnout stood at 55.96% (94,20,913 votes polled out of 1,68,34,932 total shares)
Promoter group cast 93,56,490 votes (100% of their holdings) in favour of adoption of financial statements
Total shareholder base stood at 16,609 on the cut-off date of September 18, 2026

💡 Track the upcoming Q2 FY27 operational performance and profitability turnaround, given ongoing TTM operating losses (-36.7% OPM).

Pearl Polymers Dispatches 55th AGM Notice and Annual Report FY26 Web-Link; AGM on Sept 25

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 07:25 PM

Pearl Polymers Limited has issued notice for its 55th Annual General Meeting (AGM), scheduled to take place on Friday, September 25, 2026, at 12:30 PM IST via Video Conference. The company shared web-links and QR codes to access the FY2025-26 Annual Report for shareholders whose email addresses are not registered. Key AGM timeline includes a cut-off date of September 18, 2026, and an e-voting window open from September 22 to September 24, 2026. The book closure is scheduled from September 19 to September 25, 2026.

55th Annual General Meeting scheduled for Friday, September 25, 2026, at 12:30 PM IST via Video Conference
Cut-off date for e-voting eligibility set for Friday, September 18, 2026
Remote e-voting period runs from Tuesday, September 22 (9:00 AM IST) to Thursday, September 24, 2026 (5:00 PM IST)
Register of Members and Share Transfer Books closed from September 19 to September 25, 2026 (both days inclusive)

💡 Eligible shareholders may participate in remote e-voting between September 22 and September 24, 2026, and track AGM proceedings and voting outcomes.

Pearl Polymers to Hold 55th AGM on September 25, 2026; Sets September 18 Cut-Off Date

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 07:05 PM

Pearl Polymers Limited has issued the notice for its 55th Annual General Meeting (AGM) scheduled for September 25, 2026, via video conferencing. The cut-off date to determine shareholder eligibility for remote e-voting is Friday, September 18, 2026. The remote e-voting window is scheduled from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM). Key agenda items include the adoption of FY26 audited financial statements and the re-appointment of retiring Executive Director Amit Seth.

55th AGM to be conducted on September 25, 2026 at 12:30 PM via VC/OAVM
Shareholder voting cut-off date fixed for September 18, 2026
Remote e-voting period runs from September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
Share transfer books and register of members closed from September 19, 2026 to September 25, 2026
Resolution proposed for re-appointment of Executive Director Mr. Amit Seth, holding 7,22,533 shares

💡 Eligible shareholders on record as of September 18, 2026, can register and cast their votes during the e-voting window from September 22 to September 24, 2026.

Pearl Polymers to Hold 55th Annual General Meeting on September 25, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Aug 2026, 05:21 PM

Pearl Polymers Limited has scheduled its 55th Annual General Meeting (AGM) for September 25, 2026, to be conducted via video conferencing. The meeting will address the audited financial statements for the fiscal year ended March 31, 2026 (FY26). This follows a challenging financial year where the company reported a revenue of ₹19.71 crore and a net loss of ₹4.77 crore. Investors should monitor the upcoming Annual Report for updates on the company's strategy to diversify into non-plastic materials to offset current operating losses.

55th Annual General Meeting scheduled for Friday, September 25, 2026
Meeting to be conducted at 12:30 P.M. (IST) through Video Conferencing (VC)
Annual Report for FY25-26 to be circulated within prescribed timelines
Company reported a TTM net loss of ₹5 crore against a market cap of ₹28 crore
Operating Profit Margin (OPM) stood at -37.2% for the TTM period

💡 Investors should review the forthcoming Annual Report for management's specific execution plan regarding product diversification into steel and glass, given the current negative ROCE of -15.6%.

Pearl Polymers Sets Sep 19, 2026 as Record Date for 55th Annual General Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 12 Aug 2026, 05:19 PM

Pearl Polymers Limited has announced its 55th Annual General Meeting (AGM) to be held on September 25, 2026. The company has fixed September 19, 2026, as the record date for determining shareholder eligibility. Consequently, the share transfer books will remain closed from September 19 to September 25, 2026. This is a standard administrative filing for a micro-cap company (Market Cap: ₹28 Cr) currently facing financial stress with a TTM loss of ₹5 Cr.

55th Annual General Meeting scheduled for September 25, 2026
Record date for the purpose of the AGM fixed as September 19, 2026
Book closure period defined from September 19 to September 25, 2026 (7 days)
Company reported TTM revenue of ₹20 Cr against a market capitalization of ₹28 Cr

💡 Investors should monitor the upcoming AGM for management commentary regarding the company's strategy to pivot from plastic to steel and glass products, given the current negative operating margins of -37.2%.

Rs 2.35 Cr Net Profit: Pearl Polymers Returns to Profitability in Q1 FY27

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 05:01 PM

Pearl Polymers reported a net profit of Rs 2.35 Cr for the quarter ended June 30, 2026, a significant recovery from the Rs 4.08 Cr loss in the previous quarter (Mar 2026). Revenue from operations grew marginally by 2.5% year-on-year to Rs 5.04 Cr. However, profitability was heavily supported by 'Other Income' of Rs 3.85 Cr, which accounted for 43.3% of total revenue. The company's quarterly profit is substantial relative to its small market capitalization of Rs 28 Cr.

Net Profit of Rs 2.35 Cr in Q1 FY27 vs a loss of Rs 4.08 Cr in Q4 FY26.
Revenue from operations stood at Rs 5.04 Cr, a slight increase from Rs 4.92 Cr in the same quarter last year.
Other Income contributed Rs 3.85 Cr, representing 43.3% of the total revenue of Rs 8.89 Cr.
Total expenses decreased to Rs 6.54 Cr from Rs 8.71 Cr in the sequential quarter (Mar 2026).
Earnings Per Share (EPS) improved to Rs 1.40 from a negative Rs 2.43 in the previous quarter.

💡 Investors should monitor the source of 'Other Income' to determine if this profitability is sustainable or a one-off event. Watch for progress in the company's stated strategy to diversify into steel and glass products to offset plastic industry headwinds.

Pearl Polymers Submits Quarterly Compliance Certificate for Dematerialization

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 11:14 AM

Pearl Polymers Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that all share dematerialization requests received between April 1, 2026, and June 30, 2026, were processed within the mandatory 15-day window. This is a standard administrative procedure handled by the company's Registrar and Share Transfer Agent, MAS Services Limited. The company continues to operate in a challenging financial environment with a TTM revenue of Rs 20 Cr and a net loss of Rs 5 Cr.

Compliance certificate issued for the quarter ended June 30, 2026
Dematerialization requests processed within the regulatory limit of 15 days
Covers the specific period from April 1, 2026, to June 30, 2026
Confirmation provided by Registrar and Share Transfer Agent, MAS Services Limited

💡 This is a routine regulatory filing with no impact on business fundamentals; investors should instead monitor upcoming quarterly results for signs of improvement in the -37.2% operating margin.

Pearl Polymers to Close Trading Window from July 01, 2026 for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 01:45 PM

Pearl Polymers Limited has announced the closure of its trading window for all Designated Persons and their immediate relatives starting July 01, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the release of unaudited financial results for the quarter ended June 30, 2026. The trading window will remain closed until 48 hours after the financial results are officially declared to the stock exchanges. The specific date for the Board of Directors meeting to approve these results will be communicated at a later date.

Trading window closure commences on July 01, 2026, for the Q1 FY2026-27 period.
Closure applies to all Designated Persons and their immediate relatives under SEBI regulations.
The window will reopen 48 hours after the announcement of the unaudited financial results for the quarter ended June 30, 2026.
The date for the Board meeting to approve the financial results is yet to be finalized and announced.

💡 No immediate action is required as this is a standard regulatory compliance filing; investors should watch for the upcoming announcement of the Q1 result date.

Pearl Polymers FY26 Revenue Drops 10% to ₹19.7 Cr; Net Loss Narrows to ₹4.77 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 26 May 2026, 04:31 PM

Pearl Polymers reported a 10.3% year-on-year decline in annual revenue from operations, falling to ₹1,970.31 lakhs for FY26. While the company remains in the red, its net loss narrowed slightly to ₹476.89 lakhs from ₹512.00 lakhs in the previous fiscal year. Financial health remains a concern as reserves eroded by approximately 27% to ₹1,204.37 lakhs, and the company reported negative cash flow from operations of ₹495.51 lakhs.

Annual Revenue from Operations decreased 10.3% YoY to ₹1,970.31 lakhs from ₹2,197.21 lakhs.
Net Loss for FY26 narrowed slightly to ₹476.89 lakhs compared to a loss of ₹512.00 lakhs in FY25.
Q4 FY26 Revenue showed a quarterly improvement at ₹622.81 lakhs vs ₹559.37 lakhs in Q4 FY25.
Cash flow from operating activities remained negative at ₹495.51 lakhs for the full year.
Reserves (excluding revaluation) declined significantly to ₹1,204.37 lakhs from ₹1,657.36 lakhs YoY.

💡 Investors should exercise caution as the company continues to report persistent losses and negative operating cash flows. Avoid fresh exposure until there is a clear trend of revenue growth and a path toward break-even profitability.

Pearl Polymers Promoters Declare Zero Encumbrance of Shares for FY 2025-26

🟢 POSITIVE ⭐ 3/10

REGULATORY 📅 26 May 2026, 01:14 PM

Pearl Polymers Limited has submitted a formal declaration under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ending March 31, 2026. The promoter group, represented by Varun Seth, confirmed that no equity shares held by the promoters or Persons Acting in Concert (PACs) were encumbered or pledged during the year. This annual disclosure is a routine but essential transparency measure to confirm that promoter holdings remain free of liens. The filing ensures compliance with Indian capital market regulations and provides clarity on the status of promoter-held equity.

Promoters and Promoter Group declared zero direct or indirect encumbrance of equity shares for FY 2025-26
Compliance filing submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
The declaration covers all Promoters, Promoter Group members, and Persons Acting in Concert (PACs)
Official disclosure was received by the company on April 04, 2026, and submitted to exchanges on April 07, 2026

💡 Investors can take comfort in the fact that promoter shares are unencumbered, indicating no immediate financial stress or debt-related risks at the promoter level. No specific action is required as this is a routine annual regulatory filing.

Pearl Polymers Submits Annual Secretarial Compliance Report for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 20 May 2026, 01:33 PM

Pearl Polymers Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The audit, conducted by Abhishek Gupta & Associates, confirms that the company is largely compliant with SEBI regulations, including LODR and Insider Trading norms. A minor past observation was noted regarding a delay in filing the Audit Report declaration in XBRL mode, which resulted in a BSE advisory but no financial penalty. The company currently has no material subsidiaries and reported no resignations of statutory auditors during the period.

Confirmed compliance with SEBI (LODR) and Prohibition of Insider Trading (PIT) Regulations for FY26.
No financial penalties were levied by SEBI or Stock Exchanges during the review period.
BSE issued an advisory for a previous delay in XBRL filing of the Audit Report with Unmodified Opinion.
The company reported zero material subsidiaries and no instances of statutory auditor resignations.
Performance evaluations for the Board and Independent Directors were successfully conducted as per guidelines.

💡 This is a routine regulatory filing that confirms stable corporate governance and compliance. No immediate action is required as there are no major non-compliances or financial risks identified.

Pearl Polymers Shareholders Approve Re-appointment of Anant Kanoi as Independent Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 May 2026, 01:32 PM

Pearl Polymers Limited has successfully passed a special resolution via postal ballot for the re-appointment of Mr. Anant Kanoi as an Independent Director. The resolution received overwhelming support with 99.94% of the total votes cast in favor. While the promoter group participated fully with 100% support, public non-institutional participation remained low at approximately 0.27% of their total holding. This move ensures continuity in the company's board structure and independent oversight.

Special resolution for re-appointment of Independent Director passed with 99.94% majority.
Total votes polled amounted to 9,376,853 shares, representing 55.70% of the total equity.
Promoter group cast 9,356,490 votes, all of which were in favor of the resolution.
Public non-institutional shareholders cast 20,363 votes, with 72.37% in favor and 27.63% against.
The resolution is deemed passed as of May 09, 2026, following the conclusion of the e-voting period.

💡 This is a routine governance update ensuring management continuity; no immediate action is required from shareholders. Investors should focus on upcoming financial performance and operational updates.

Pearl Polymers Proposes 5-Year Re-appointment of Independent Director via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 09 Apr 2026, 12:15 PM

Pearl Polymers Limited has issued a postal ballot notice to seek shareholder approval for the re-appointment of Mr. Anant Kanoi as a Non-Executive Independent Director. The proposed re-appointment is for a second term of five consecutive years, effective from March 30, 2026, to March 29, 2031. Shareholders can cast their votes electronically between April 10 and May 09, 2026. This is a routine governance procedure to ensure board continuity and regulatory compliance.

Proposal to re-appoint Mr. Anant Kanoi as Independent Director for a second 5-year term.
The proposed tenure is scheduled to run from March 30, 2026, until March 29, 2031.
Remote e-voting period commences on April 10, 2026, and concludes on May 09, 2026.
The cut-off date for determining shareholder eligibility for voting was April 03, 2026.
Results of the postal ballot are expected to be declared on or before May 11, 2026.

💡 Investors should review the director's credentials and participate in the e-voting process before the May 09 deadline. No immediate impact on stock performance is expected from this routine administrative update.

Pearl Polymers to Close Trading Window from April 1, 2026 for Q4 and FY26 Audited Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Mar 2026, 01:28 PM

Pearl Polymers Limited has announced the closure of its trading window starting April 01, 2026, in compliance with SEBI Insider Trading regulations. The closure is intended for the preparation and announcement of the audited financial results for the quarter and full financial year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are declared. The specific date for the board meeting to approve these results will be communicated at a later date.

Trading window closure commences on April 01, 2026.
Closure is related to the Audited Financial Results for the quarter and year ending March 31, 2026.
Trading restriction ends 48 hours after the official announcement of the financial results.
Applies to all designated persons and their immediate relatives under SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a standard regulatory procedure and requires no immediate action. Investors should wait for the announcement of the board meeting date to assess the company's year-end financial performance.

View All PEARLPOLY Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment (Bottles, Jars & Containers). Revenue from operations for H1 FY26 was INR 9.41 Cr, representing an 8.19% decline compared to INR 10.25 Cr in H1 FY25. For the full year FY25, revenue was INR 21.97 Cr.

Geographic Revenue Split

Not disclosed in available documents. The company operates primarily out of its registered office in New Delhi.

Profitability Margins

Net Profit Ratio for FY25 was -23.30%, a significant drop from 3.99% in FY24 due to operating losses. For H1 FY26, the company reported a Net Profit of INR 0.96 Cr, down 37.29% from INR 1.52 Cr in H1 FY25.

EBITDA Margin

Operating profit before working capital changes for H1 FY26 was a loss of INR 2.67 Cr, compared to a loss of INR 6.21 Cr for the full year FY25. Core profitability is under pressure due to high operating expenses relative to revenue.

Capital Expenditure

Capital expenditure for H1 FY26 (additions to fixed assets) was INR 0.06 Cr (INR 6.02 lakhs). For the full year FY25, additions to fixed assets were INR 0.45 Cr (INR 45.32 lakhs).

Credit Rating & Borrowing

The company maintains a Debt-Equity Ratio of 0.00 as of March 31, 2025, indicating no long-term debt. Interest expenses for H1 FY26 were minimal at INR 0.016 Cr (INR 1.56 lakhs).

⚙️ Operational Drivers

Raw Materials

Virgin plastics (PET - Polyethylene Terephthalate) and certified food-grade raw materials. Specific percentage of total cost for each material is not disclosed.

Import Sources

Not disclosed in available documents; however, materials are stated to be compliant with USFDA and EU Directive 2002/72/EC standards.

Capacity Expansion

Current installed capacity is not explicitly stated in MT. The company utilizes state-of-the-art CAD and in-house mould development for its PearlPet brand products.

Raw Material Costs

Cost of materials consumed for H1 FY26 was INR 0.013 Cr (INR 1.30 lakhs). The company focuses on using non-toxic, BPA-free, and 100% recyclable virgin plastics to maintain premium quality.

Manufacturing Efficiency

Inventory Turnover Ratio improved by 24.52% to 6.45 in FY25 from 5.18 in FY24, indicating better movement of stock. Net Capital Turnover Ratio increased by 33.18% to 5.86 in FY25.

Logistics & Distribution

The company is shifting toward direct-to-consumer (D2C) engagement and digital channels to improve distribution efficiency and respond faster to innovation cycles.

📈 Strategic Growth

Growth Strategy

Growth is targeted through product diversification into steel, glass, and biodegradable materials to meet sustainability trends. The company is also leveraging digital channels for D2C sales and direct engagement to capture rising discretionary spending in the houseware market.

Products & Services

PET bottles, jars, and containers; storage solutions made of steel, glass, and biodegradable materials.

Brand Portfolio

PearlPet

New Products/Services

Expansion of the portfolio to include steel, glass, and biodegradable storage solutions. Expected revenue contribution percentage is not disclosed.

Market Expansion

Focusing on digital marketplaces and direct-to-consumer (D2C) platforms to reach an expanding online shopper base.

🌍 External Factors

Industry Trends

The industry is shifting toward sustainability, recyclability, and digital discovery. Brands must localize assortments and engage directly with consumers to remain competitive against marketplaces.

Competitive Landscape

Competes with local players in the market. Advantage is derived from being BPA-free, 100% recyclable, and having superior barrier properties for food preservation.

Competitive Moat

Moat is built on brand heritage (PearlPet), safety certifications (USFDA, EU, BIS), and technical expertise in CAD/mould development. This is sustainable as long as the brand successfully transitions to non-plastic materials as per consumer trends.

Macro Economic Sensitivity

Sensitive to rising discretionary spending and consumer demand for safe, hygienic storage solutions. GDP growth and digital penetration directly impact the D2C sales channel.

Consumer Behavior

Demand is tilting toward responsible, recyclable products with differentiated functionality and digital-first purchasing journeys.

Geopolitical Risks

Exposed to political risks and potential changes in international regulations regarding plastic usage and recyclability.

⚖️ Regulatory & Governance

Industry Regulations

Operations must comply with BIS IS: 12252-1987 for plastic food storage and SEBI (LODR) Regulations for corporate governance. No material weaknesses in internal financial controls were observed during the review period.

Environmental Compliance

Products are 100% recyclable and environment-friendly. Compliance with USFDA and EU Directive 2002/72/EC for food-grade safety is maintained.

Taxation Policy Impact

The company reported a total tax expense of INR 0.0007 Cr (INR 0.07 lakhs) for H1 FY26. Deferred tax assets stood at INR 0.335 Cr.

⚠️ Risk Analysis

Key Uncertainties

Operating losses (FY25 loss of INR 5.12 Cr) and the ability to successfully pivot to non-plastic materials are primary uncertainties. Debt Service Coverage Ratio fell to -33.70 in FY25.

Geographic Concentration Risk

Operations are concentrated in India, with the registered office in New Delhi.

Third Party Dependencies

Dependent on suppliers of virgin, food-grade plastics that meet USFDA and BIS standards.

Technology Obsolescence Risk

Risk of technological changes in manufacturing processes or material science (e.g., new biodegradable polymers) that could render current PET-focused lines less competitive.