Premier Polyfilm Limited (PREMIERPOL)
₹111.51 +5.07% last close, 16 Oct
Q2 FY27 results
Premier Polyfilm Limited reported Q2 FY27 results on 10 Oct 2026: revenue ₹116 Cr (+39.7% year on year, +32.1% on the previous quarter), and net profit ₹9.8 Cr (+22.5% year on year); the operating margin was 12.5%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹116 | +39.7% | +32.1% |
| Operating profit | ₹14.5 | +28.2% | +7.5% |
| Net profit | ₹9.8 | +22.5% | +8.0% |
| EPS (₹) | 0.94 | +23.7% | +8.0% |
| Operating margin | 12.5% | — | — |
- Profit -16% below its own trend
- Operating margin contracted 112 bps YoY
Quality of profit: of pre-tax profit of ₹13.1 Cr, ₹13.1 Cr (100%) came from the core business and the rest from other income and one-off items. Core profit (operating profit less interest and depreciation) moved +30.6% year on year.
Against its own trend: net profit of ₹9.8 Cr was -15.7% against the ₹11.6 Cr its recent growth pointed to (below trend). This is a statistical baseline, not an analyst estimate.
Share price since the results: +8.4% (close before the filing to the latest close).
PREMIERPOL delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 30.25% of the PREMIERPOL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 36.66%. That is close to its usual level. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 12.4% · 26.7% · 28.5% · 43.1% · 30.2%
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
Premier Polyfilm reported its standalone financial results for the quarter ended September 30, 2026, posting revenue from operations (inclusive of GST) of ₹115.06 Cr, a 38.3% growth YoY from ₹83.17 Cr. Net profit for the quarter rose 22.5% YoY to ₹9.81 Cr compared to ₹8.01 Cr in Q2 FY26. For H1 FY27, total revenue reached ₹215.12 Cr against ₹157.61 Cr in H1 FY26, with PAT growing 34.8% to ₹18.89 Cr. Diluted EPS for the quarter stood at ₹0.94 versus ₹0.76 in the prior year period.
- Revenue from operations (inclusive of GST) reached ₹115.06 Cr in Q2 FY27 vs ₹83.17 Cr in Q2 FY26
- Net profit grew 22.5% YoY to ₹9.81 Cr for the quarter ended September 30, 2026
- H1 FY27 net profit rose 34.8% YoY to ₹18.89 Cr on revenue of ₹215.12 Cr
- Diluted EPS increased to ₹0.94 in Q2 FY27 from ₹0.76 in Q2 FY26
- Total equity expanded to ₹167.75 Cr as of September 30, 2026, up from ₹147.20 Cr as of March 31, 2026
Premier Polyfilm reported its standalone financial results for the quarter ended September 30, 2026, posting revenue from operations (inclusive of GST) of ₹115.06 Cr, a 38.3% growth YoY from ₹83.17 Cr. Net profit for the quarter rose 22.5% YoY to ₹9.81 Cr compared to ₹8.01 Cr in Q2 FY26. For H1 FY27, total revenue reached ₹215.12 Cr against ₹157.61 Cr in H1 FY26, with PAT growing 34.8% to ₹18.89 Cr. Diluted EPS for the quarter stood at ₹0.94 versus ₹0.76 in the prior year period.
- Revenue from operations (inclusive of GST) reached ₹115.06 Cr in Q2 FY27 vs ₹83.17 Cr in Q2 FY26
- Net profit grew 22.5% YoY to ₹9.81 Cr for the quarter ended September 30, 2026
- H1 FY27 net profit rose 34.8% YoY to ₹18.89 Cr on revenue of ₹215.12 Cr
- Diluted EPS increased to ₹0.94 in Q2 FY27 from ₹0.76 in Q2 FY26
- Total equity expanded to ₹167.75 Cr as of September 30, 2026, up from ₹147.20 Cr as of March 31, 2026
Premier Polyfilm reported its standalone financial results for the quarter ended September 30, 2026, posting revenue from operations (inclusive of GST) of ₹115.06 Cr, a 38.3% growth YoY from ₹83.17 Cr. Net profit for the quarter rose 22.5% YoY to ₹9.81 Cr compared to ₹8.01 Cr in Q2 FY26. For H1 FY27, total revenue reached ₹215.12 Cr against ₹157.61 Cr in H1 FY26, with PAT growing 34.8% to ₹18.89 Cr. Diluted EPS for the quarter stood at ₹0.94 versus ₹0.76 in the prior year period.
- Revenue from operations (inclusive of GST) reached ₹115.06 Cr in Q2 FY27 vs ₹83.17 Cr in Q2 FY26
- Net profit grew 22.5% YoY to ₹9.81 Cr for the quarter ended September 30, 2026
- H1 FY27 net profit rose 34.8% YoY to ₹18.89 Cr on revenue of ₹215.12 Cr
- Diluted EPS increased to ₹0.94 in Q2 FY27 from ₹0.76 in Q2 FY26
- Total equity expanded to ₹167.75 Cr as of September 30, 2026, up from ₹147.20 Cr as of March 31, 2026
Premier Polyfilm reported its standalone financial results for the quarter ended September 30, 2026, posting revenue from operations (inclusive of GST) of ₹115.06 Cr, a 38.3% growth YoY from ₹83.17 Cr. Net profit for the quarter rose 22.5% YoY to ₹9.81 Cr compared to ₹8.01 Cr in Q2 FY26. For H1 FY27, total revenue reached ₹215.12 Cr against ₹157.61 Cr in H1 FY26, with PAT growing 34.8% to ₹18.89 Cr. Diluted EPS for the quarter stood at ₹0.94 versus ₹0.76 in the prior year period.
- Revenue from operations (inclusive of GST) reached ₹115.06 Cr in Q2 FY27 vs ₹83.17 Cr in Q2 FY26
- Net profit grew 22.5% YoY to ₹9.81 Cr for the quarter ended September 30, 2026
- H1 FY27 net profit rose 34.8% YoY to ₹18.89 Cr on revenue of ₹215.12 Cr
- Diluted EPS increased to ₹0.94 in Q2 FY27 from ₹0.76 in Q2 FY26
- Total equity expanded to ₹167.75 Cr as of September 30, 2026, up from ₹147.20 Cr as of March 31, 2026
Premier Polyfilm Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by the Registrar and Share Transfer Agent, Beetal Financial & Computer Services Private Limited, on October 5, 2026. It confirms that securities received for dematerialisation during the quarter were duly processed, listed on stock exchanges, and physical certificates cancelled within 15 days.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- RTA certificate dated October 5, 2026 issued by Beetal Financial & Computer Services (P) Ltd
- Securities received for dematerialisation were confirmed and substituted within 15 days
Premier Polyfilm Limited announced that its shareholders approved a 15% dividend (₹0.15 per equity share of face value ₹1 each) at its 34th AGM on September 24, 2026. The dividend is declared from FY2025-26 profits. Disbursement to eligible shareholders is scheduled to be completed on or before October 23, 2026.
- Dividend declared at 15% of face value (₹0.15 per ₹1 face value equity share)
- Approved at the 34th AGM held on September 24, 2026
- Payment and disbursement to be completed on or before October 23, 2026
Premier Polyfilm Limited announced shareholder approvals from its 34th Annual General Meeting held on September 24, 2026. The members approved the re-appointment of Shri Ram Babu Verma as Executive Director for a 12-month term effective December 27, 2026 to December 26, 2027. Additionally, the AGM approved a revision in perquisites and amenities for Executive Director Shri Mayank Goenka, effective May 9, 2026, which includes a House Rent Allowance of 40% of basic salary alongside medical, conveyance, and travel allowances.
- Re-appointment of Shri Ram Babu Verma as Executive Director for a 12-month period from 27th December 2026 to 26th December 2027
- Approval of revised perquisites for Executive Director Shri Mayank Goenka effective from 09th May 2026
- House Rent Allowance for Shri Mayank Goenka revised to 40% of basic salary per month
- AGM held on 24th September 2026 commenced at 12:15 P.M. and concluded at 12:39 P.M.
Premier Polyfilm Limited announced the voting results of its 34th Annual General Meeting held on September 24, 2026. Shareholders approved all agenda items with the requisite majority, including the adoption of FY2026 financial statements and a final dividend of ₹0.15 per equity share (face value ₹1 each). Key executive appointments were also ratified, including the re-appointment of Executive Director Shri Ram Babu Verma for 12 months starting December 27, 2026. A total of 81 members attended the meeting via video conferencing.
- Approved final dividend of ₹0.15 per equity share (15% on face value of ₹1) with 99.66% votes in favour
- Ratified re-appointment of Executive Director Shri Ram Babu Verma for 12 months effective December 27, 2026 (99.66% approval)
- Approved appointment of M/s A D V And Co LLP as Statutory Auditors with 99.66% votes in favour
- Approved amendments to perquisites for Executive Director Mayank Goenka with 98.74% votes in favour
- 81 members attended the 34th Annual General Meeting held via video conferencing
Premier Polyfilm Limited has announced the closure of its trading window starting from October 1, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations. The closure is in view of the upcoming consideration and approval of the Unaudited Standalone Financial Results for the quarter and half-year ending September 30, 2026. The window will reopen 48 hours after the declaration of the financial results. This restriction applies to all designated persons, directors, key managerial personnel, and their immediate relatives.
- Trading window closes with effect from Thursday, October 1, 2026
- Closure applies to financial results for the quarter and half-year ending September 30, 2026
- Window to remain closed until 48 hours after financial results become generally available
- Trading restriction applies to all designated persons, directors, KMPs, and immediate relatives
Premier Polyfilm Limited has issued a corrigendum to the notice of its 34th Annual General Meeting (AGM) scheduled for September 24, 2026. The update reflects a change in the scrutinizer for the e-voting process, replacing Mr. Sumit Bajaj (who is surrendering his Certificate of Practice) with Ms. Mayuri Sinha of M/s. Mayuri Sinha & Co. The meeting agenda includes the consideration of a 15% dividend (Rs 0.15 per share of face value Rs 1) for FY2025-2026 and the re-appointment of directors and statutory auditors. All other items and details of the AGM notice dated July 18, 2026, remain unchanged.
- AGM scheduled for September 24, 2026, at 12:15 PM via Video Conferencing
- Proposed dividend of 15% (Rs 0.15 per equity share of Rs 1 face value) for FY2025-2026
- Ms. Mayuri Sinha (Membership No. 48931) appointed as Scrutinizer replacing Mr. Sumit Bajaj
- Statutory auditor remuneration proposed at Rs 1,25,000 plus GST for M/s A D V And Co LLP
- Cut-off date for electronic dispatch of corrigendum was August 21, 2026
Premier Polyfilm Limited has released newspaper publications in Financial Express and Jansatta dated August 28, 2026, regarding its upcoming 34th Annual General Meeting (AGM). The AGM is scheduled to take place on Thursday, September 24, 2026, at 12:15 PM IST via Video Conferencing/Other Audio Visual Means. The notice outlines details regarding book closure, dividend, and remote e-voting procedures for shareholders.
- 34th Annual General Meeting scheduled for Thursday, September 24, 2026, at 12:15 PM IST
- Meeting to be conducted virtually through Video Conferencing/Other Audio Visual Means
- Newspaper notice published in Financial Express (all editions) and Jansatta (Delhi edition) on August 28, 2026
- Filing covers shareholder details on book closure, remote e-voting, and AGM participation
Premier Polyfilm Limited has responded to an NSE surveillance inquiry dated August 20, 2026, regarding significant movement in the price of its securities. The company clarified that there are no undisclosed material events, developments, or price-sensitive information that would explain the recent trading activity. Management stated that the price and volume variations are driven by general market conditions and external market factors.
- NSE issued surveillance inquiry Ref. No. NSE/CM/Surveillance/17380 on August 20, 2026
- Company confirmed strict compliance with SEBI LODR Regulation 30 disclosure norms
- Management clarified zero undisclosed price-sensitive events or operational developments exist
Premier Polyfilm Limited submitted a clarification to the National Stock Exchange on August 18, 2026, regarding a recent significant spurt in trading volume. The company stated that it has strictly adhered to Regulation 30 disclosure norms and possesses no undisclosed material or price-sensitive information. Management noted that the trading volume movement is purely market-driven and influenced by external market dynamics. Investors should note the company maintains a debt-free balance sheet with zero debt on a net worth of Rs 148 Cr.
- Response submitted on August 18, 2026, following NSE surveillance query dated August 17, 2026 (Ref: NSE/CM/Surveillance/17365)
- Management confirmed zero undisclosed material events or developments affecting stock activity
- Company reported revenue of Rs 56.18 Cr and net profit of Rs 6.28 Cr in the Jun 2024 quarter
- Promoter shareholding stood strong at 69.39%
CRISIL Ratings has reaffirmed Premier Polyfilm Limited's long-term credit rating at 'CRISIL BBB+/Stable' and its short-term rating at 'CRISIL A2'. The review covers total bank loan facilities of Rs 54.00 crore, which is approximately 36.5% of the company's reported net worth of Rs 148 crore. The rated facilities include Rs 25.5 crore in cash credit limits and a Rs 12.38 crore long-term loan. This reaffirmation indicates a stable credit profile and consistent financial risk management.
- Total bank loan facilities rated by CRISIL amount to Rs 54.00 crore
- Long-term rating reaffirmed at CRISIL BBB+/Stable, valid until March 31, 2027
- Short-term rating reaffirmed at CRISIL A2 for non-fund based limits
- Specific long-term loan from Kotak Mahindra Bank stands at Rs 12.38 crore
- Cash credit facilities totaling Rs 25.5 crore across YES Bank and Kotak Mahindra Bank
CRISIL has reaffirmed Premier Polyfilm's long-term credit rating at 'BBB+/Stable' and short-term rating at 'A2' for its Rs 54 crore bank facilities. The rating rationale highlights a strong FY2026 performance with estimated operating income growing 12.3% to Rs 297 crore and PAT rising to Rs 31.9 crore. The company maintains a very healthy financial risk profile with a debt-to-equity ratio of 0.1x and an exceptional interest coverage ratio of 57.4x. Liquidity remains adequate with over Rs 25 crore in free cash and bank balances as of March 31, 2026.
- Operating income increased to Rs 297 crore in FY2026 from Rs 264.5 crore in FY2025
- Interest coverage ratio improved to 57.4 times in FY2026 compared to 32.6 times in the previous year
- Operating profitability margins expanded to 15.6% in FY2026 from 14.4% in FY2025
- Net worth improved to approximately Rs 146 crore as of March 31, 2026
- Total bank loan facilities of Rs 54 crore were reaffirmed with a Stable outlook
Financial Performance
Revenue Growth by Segment
Total revenue grew by 1.95% YoY to INR 301.39 Cr in FY2025 from INR 295.63 Cr. While specific segment percentages are not broken down, the company reported a 10% YoY volume growth in FY2024, though revenue growth was tepid at 3% due to declining realizations.
Geographic Revenue Split
Exports contributed INR 34.33 Cr (11.39% of total revenue) in FY2025, representing a 13.26% decline from INR 39.58 Cr in FY2024. Domestic sales account for the remaining ~88.61% of revenue.
Profitability Margins
Operating margin improved to 11.75% in FY2025 from 9.86% in FY2024 (a 19.18% increase). Net profit margin rose to 8.53% in FY2025 from 6.93% in FY2024 (a 23.16% increase). Margins are driven by a shift toward value-added products and moderation in raw material costs.
EBITDA Margin
Operating margin reached 14% for the first nine months of FY2025. The company aims to sustain margins at 13-14% through better pass-through of raw material price hikes and volumetric growth of 5-6%.
Capital Expenditure
The company utilized term debt for capacity expansion in recent years, though specific INR Cr figures for planned future capex are not disclosed. Total non-current assets stood at INR 69.45 Cr as of March 31, 2025.
Credit Rating & Borrowing
The company maintains a comfortable financial risk profile with a gearing ratio of 0.18 in FY2025 (up from 0.16). Interest coverage ratio improved by 113.84% to 30.73 times in FY2025. Gearing is expected to improve to 0.09-0.12 times over the medium term.
Operational Drivers
Raw Materials
PVC Resin is the primary raw material. Costs are sensitive to PVC price volatility, which significantly impacted revenue in FY2022 and FY2023.
Import Sources
Not specifically disclosed, though the company notes a dependency on a few domestic manufacturers for certain grades of resin.
Key Suppliers
Not disclosed by name, but the company identifies a risk due to the limited number of manufacturers for specific resin grades in India.
Capacity Expansion
The company witnessed a 10% YoY volume growth in FY2024 supported by increased capacity utilization. It is currently focusing on increasing the manufacturing of value-added products like pool liners to optimize existing capacity.
Raw Material Costs
Total expenditure was INR 270.01 Cr in FY2025. Raw material price moderation was a key driver for the margin expansion to 14% in 9M FY2025. The company strategy involves fully passing on resin price hikes to customers to protect margins.
Manufacturing Efficiency
Focus on increasing capacity utilization and shifting the product mix toward value-added items to improve the financial risk profile.
Strategic Growth
Expected Growth Rate
9-10%
Growth Strategy
The company targets growth through a 5-6% volumetric increase and a strategic shift toward value-added products like pool liners. It aims to acquire new customers in each segment and leverage its 30-year promoter experience to maintain relationships with key clients like RMG Polyvinyl India Limited.
Products & Services
Polyvinyl Chloride (PVC) films, pool liners, and other PVC-based value-added products.
Brand Portfolio
Premier Polyfilm Limited.
New Products/Services
Increased focus on pool liners and specialized PVC films for diversified industrial segments.
Market Expansion
Focus on adding new customers in existing segments and maintaining a presence in export markets, which currently account for ~11% of turnover.
Strategic Alliances
The company has a significant relationship with RMG Polyvinyl India Limited, a key customer contributing substantially to revenue.
External Factors
Industry Trends
The industry is seeing a shift toward value-added PVC products. PPL is positioning itself by moving away from commodity PVC films toward specialized products like pool liners to sustain 13-14% margins.
Competitive Landscape
The company competes with both local and global suppliers, particularly for its business with RMG Polyvinyl India Limited.
Competitive Moat
Moat is built on 30+ years of promoter experience and established relationships with large clients like RMG Polyvinyl. This provides a competitive advantage in understanding market dynamics and securing consistent offtake.
Macro Economic Sensitivity
Sensitive to PVC price cycles and industrial demand for PVC films. Revenue growth in FY2022-23 was largely driven by sharp increases in PVC prices.
Consumer Behavior
Increased demand for specialized PVC applications in diversified segments is driving the shift toward value-added manufacturing.
Geopolitical Risks
Export performance declined by 13.26% YoY, suggesting sensitivity to global demand or trade dynamics.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013 and environmental/safety standards for PVC manufacturing. Resin availability is impacted by domestic manufacturing capacity constraints.
Environmental Compliance
The company prioritizes safety and conducts regular safety audits, though specific ESG compliance costs are not disclosed.
Taxation Policy Impact
Effective tax rate for FY2025 was approximately 24.9% (INR 8.63 Cr tax on INR 34.63 Cr PBT).
Legal Contingencies
Pending litigations exist and their impact is disclosed in Note 37 of the financial statements, though the specific INR value is not provided in the summary.
Risk Analysis
Key Uncertainties
Raw material price volatility and supply chain disruptions for specific resin grades are the primary risks, potentially impacting margins by 1-2% if price hikes cannot be passed on.
Geographic Concentration Risk
Approximately 88.6% of revenue is domestic, with a significant portion of business linked to key customers like RMG Polyvinyl India Limited.
Third Party Dependencies
High dependency on RMG Polyvinyl India Limited as a key customer and a limited pool of resin suppliers.
Technology Obsolescence Risk
The company is mitigating technology risks by focusing on 'value-added' manufacturing processes for new product lines like pool liners.
Credit & Counterparty Risk
Debtor turnover ratio slowed by 10.15% to 7.53 in FY2025, indicating a slight increase in the time taken to collect receivables.
