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Kshitij Polyline Ltd. (KSHITIJPOL) AI Stock Analysis

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IN:KSHITIJPOL

Kshitij Polyline Ltd.

(NSE:KSHITIJPOL)

Select Model
Rating:56Neutral
Price Target:INR 3.00â–¼(-1.96% Downside)
Action:reiterated
Date:09/17/26

The score is primarily constrained by weak financial quality—persistent negative operating and free cash flow despite the FY2026 profitability rebound—creating higher funding and execution risk. Technicals are supportive with price above major moving averages and positive MACD, while valuation is neutral with a moderate P/E and no dividend yield data.

Positive Factors
Revenue GrowthThe FY2026 revenue rebound indicates renewed commercial traction after the prior-year downturn. If growth continues, a larger operating base could improve earnings absorption, strengthen customer reach, and provide a foundation for rebuilding more consistent profitability over the next several quarters.
Negative Factors
Weak Cash GenerationPersistent negative operating and free cash flow means reported earnings have not translated into cash, creating continuing funding needs. This can restrict investment flexibility, increase dependence on external financing, and make the recent profitability rebound less durable if cash conversion does not improve.

Kshitij Polyline Ltd. (KSHITIJPOL) vs. iShares MSCI India ETF (INDA)

-50%0%50%100%150%200%IN:KSHITIJPOL+6.62%INDA-5.62%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
INR 270.56M
Dividend Yield
―
Average Volume (3M)
3.16M
Price to Earnings (P/E)
12.8
Beta (1Y)
0.50
Revenue Growth
41.13%
EPS Growth
―
Country
India
Employees
92
Sector
General
Sector Strength
55
Industry
Packaging & Containers

Kshitij Polyline Ltd. Business Overview & Revenue Model

Company Description

Founded in 1998 and headquartered in Mumbai, India, Kshitij Polyline Limited is a prominent player involved in the manufacturing, distribution, and import of a diverse range of products. The company specializes in smart identification card solutions,...

Kshitij Polyline Ltd. Financial Statement Overview

Summary

Earnings rebounded in FY2026 with ~16.7% revenue growth and a return to profitability after a sharply loss-making FY2025, and leverage improved materially versus FY2024. However, operating cash flow and free cash flow have been negative in FY2024–FY2026 (despite narrowing outflows in FY2026), indicating weak cash conversion and ongoing funding pressure.

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue499.98M447.50M419.06M594.00M339.75M390.37M
Gross Profit101.35M144.50M-48.91M85.30M111.31M109.04M
EBITDA74.65M80.02M-46.82M57.00M34.00M37.93M
Net Income39.64M35.50M-86.94M16.10M3.65M4.16M
Balance Sheet
Total Assets0889.45M566.92M743.70M487.32M405.89M
Cash, Cash Equivalents and Short-Term Investments2.52M411.56M2.24M6.40M33.38M2.59M
Total Debt0187.80M156.01M444.00M212.54M172.66M
Total Liabilities-630.49M258.95M199.72M540.80M261.52M221.75M
Stockholders Equity630.49M630.49M367.19M202.90M225.80M184.14M
Cash Flow
Free Cash Flow-206.19M-102.71M-134.10M-165.10M-27.51M21.54M
Operating Cash Flow-156.96M-9.11M-113.14M-80.60M1.84M38.90M
Investing Cash Flow-41.95M-273.79M-15.70M-123.20M-44.07M-25.50M
Financing Cash Flow210.84M283.18M130.02M176.80M73.02M-19.11M

Kshitij Polyline Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price3.06

Price Trends

50DMA3.55Negative
100DMA3.42Negative
200DMA3.34Negative

Market Momentum

MACD-0.14Negative
RSI40.58Neutral
STOCH28.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KSHITIJPOL, the sentiment is Negative. The current price of 3.06 is below the 20-day moving average (MA) of 3.17, below the 50-day MA of 3.55, and below the 200-day MA of 3.34, indicating a bearish trend. The MACD of -0.14 indicates Negative momentum. The RSI at 40.58 is Neutral, neither overbought nor oversold. The STOCH value of 28.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KSHITIJPOL.

Kshitij Polyline Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:KSHITIJPOL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:KANPRPLAIN:KANPRPLA73OutperformINR 6.16B11.39―0.85%17.83%102.49%
IN:NAHARPOLYIN:NAHARPOLY73OutperformINR 5.85B6.93―0.62%7.92%39.07%
IN:RPPLIN:RPPL63NeutralINR 1.41B6.64――11.26%82.67%
IN:TPLPLASTEHIN:TPLPLASTEH62NeutralINR 5.82B18.12―1.79%31.19%21.34%
IN:KSHITIJPOLIN:KSHITIJPOL56NeutralINR 659.53M12.83――41.13%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:PEARLPOLYIN:PEARLPOLY39UnderperformINR 271.04M-4.99――-8.05%-51.04%

* General Sector Average

Performance Comparison

-50%0%50%100%150%IN:KSHITIJPOLIN:KANPRPLAIN:NAHARPOLYIN:PEARLPOLYIN:RPPLIN:TPLPLASTEHDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
IN:KSHITIJPOL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:KSHITIJPOLKshitij Polyline Ltd.3.060.238.13%
IN:KANPRPLAKanpur Plastipack Limited248.3040.3619.41%
IN:NAHARPOLYNahar Poly Films Limited240.55-52.79-18.00%
IN:PEARLPOLYPearl Polymers Limited16.10-10.23-38.85%
IN:RPPLRajshree Polypack Ltd.18.72-0.58-3.01%
IN:TPLPLASTEHTPL Plastech Limited73.452.974.21%

Kshitij Polyline Ltd. Corporate Events

Kshitij Polyline reshapes board with new independent director appointment

Oct 7, 2026

Kshitij Polyline Ltd. has announced changes to its board of directors following a meeting held on October 7, 2026, with the resignation of Non-Executive Independent Director Rajesh Nandkishore Pherwani. In the same meeting, the board approved the app...

Kshitij Polyline Uses Rights Issue Proceeds to Cut Debt

Sep 21, 2026

Kshitij Polyline Ltd. has informed the exchange that it raised ₹18.98 crore through a rights issue of 5,98,86,887 fully paid-up equity shares, each with a face value of ₹2 and issued at ₹3.17 including share premium. The company has deployed ₹18.48 c...

Kshitij Polyline Sets September 29 Virtual AGM, Moves to Electronic Shareholder Communication

Aug 29, 2026

Kshitij Polyline Ltd. has announced that its 18th Annual General Meeting will be held on September 29, 2026, at 11:30 a.m. IST via video conferencing and other audio-visual means, in line with regulatory guidelines.The company has published AGM notic...

Kshitij Polyline trims rights issue size, redirects proceeds toward debt reduction

Aug 20, 2026

Kshitij Polyline Ltd.’s board has approved a revision to its planned rights issue, cutting the offer from 92,546,925 to 61,697,950 rights equity shares and reducing the aggregate size from ₹2,933.74 lakh to ₹1,955.83 lakh, while keeping the entitleme...

Kshitij Polyline Corrects Terms of Rights Issue, Cuts Size to ₹1,955.83 Lakh

Aug 20, 2026

Kshitij Polyline Ltd. has issued a corrigendum to its August 18, 2026 Letter of Offer, updating the terms of its proposed rights issue after identifying typographical errors in earlier disclosures. The revisions reduce the number of rights equity sha...

Kshitij Polyline Revises Rights Issue Offer, Targets ₹19.56 Crore Capital Raise

Aug 20, 2026

Kshitij Polyline Ltd. operates in the plastics manufacturing sector, producing PP, PVC, HIPS/PS, ABS and HDPE sheets and films, PVC profiles and related stationery items. The company, originally incorporated as a private entity in 2008 and converted...

Kshitij Polyline launches Rs 29.3 crore rights issue to bolster equity base

Aug 18, 2026

Kshitij Polyline Ltd. has announced a rights issue of up to 92,546,925 fully paid equity shares with a face value of Rs 2 each, priced at Rs 3.17 per share including a premium of Rs 1.17, to raise up to Rs 2,933.74 lakh. The offer is structured in a...

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.

Date of analysis: Sep 17, 2026