During Thursday’s trading session, shares of a company manufacturing and marketing FIBC and other flexible packaging products surged nearly 7.3 percent on BSE, after announcing its foray into the real estate sector with a planned capex of Rs. 325 crores.
With a market capitalisation of Rs. 241.7 crores, at 10:34 a.m., the shares of Sah Polymers Limited were trading in the green at Rs. 93.7 on BSE, up by nearly 3.7 percent, as against its previous closing price of Rs. 90.40. The stock has delivered negative returns of around 2 percent in one year, but has gained over 18 percent in the last one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, the Board of Sah Polymers approved a strategic move to diversify into real estate. The company received Board’s approval to enter the business to construct, build, develop, establish, acquire, and invest in Plug and Play Office complex, AI Park, IT Park, residential and industrial complexes in Tier 2 and Tier 3 cities.
The total capex for this expansion is nearly Rs. 325 crores, to be implemented in phases. The first phase will involve an investment of Rs. 125 crore, funded through a combination of equity and debt.
Additionally, the Board has also approved a proposal to change the company’s name from “Sah Polymers Limited” to “Aeroflex Neu Limited”, pending approval from the Ministry of Corporate Affairs (MCA).
Financial Performance
Sah Polymers reported a marginal growth in its revenue from operations, showing a year-on-year rise of around 5 percent from Rs. 32.4 crores in Q4 FY24 to Rs. 34 crores in Q4 FY25.
In contrast, its net profit decreased during the same period from a profit of Rs. 0.13 crores to a loss of Rs. 0.34 crores. Sah Polymers derives 75 percent of its revenue from exports and the remaining 25 percent from domestic sales. As of Q4 FY25, the company’s total consolidated production capacity stood at 9,120 MTPA in Q4 FY25.
About the Company
Sah Polymers Limited is one of the pioneers in the manufacturing and exporting of Polypropylene (PP)/ High Density Polyethylene (HDPE) Woven Bags, BOPP Laminated Bags and Flexible Intermediate Bulk Containers (FIBCs) in India.
SPL is engaged in the manufacturing of HDPE/ PP woven fabrics and sacks, with production capacities situated at Udaipur (Rajasthan). The fabrics and sacks find applications in the packing of cement, minerals, food grains etc.
Written by Shivani Singh
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