Polo Queen Industrial and Fintech Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Polo Queen Industrial and Fintech Ltd trades at ₹19.0, in a downtrend and 46 weeks into that stage. That is −54.1% against its own 200-day average. It sits at 0% of a 52-week range of ₹19 to ₹80. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (53 weeks and counting).

Today the stock is in a downtrend — week 46 of stage 4, confirmed. At ₹19.0 it trades −54.1% versus its 200-day average and sits at 0% of its 52-week range (₹19–₹80).

Against the market, two honest reads. Cumulative: over the last 8.4 years the stock moved +212% while the NIFTY 500 moved +158% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (53 weeks and counting; last ahead the week of 2025-02-28) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 5th percentile of its own range.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Polo Queen Industrial and Fintech Ltd trades at 223.0× P/E, near the bottom of its own range — cheaper only 5% of the time. Its long-run median P/E is 626.7×, measured across 8.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 223.0× is near the bottom of its own range — cheaper only 5% of the time, against a long-run median of 626.7× measured over 8.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved −11.1% against a −76.4% price move — earnings outran the price, pushing the multiple DOWN its own range.

The price move, decomposed: over 3y, of the −25.6%/yr price move, ~+4.0%/yr came from earnings growth and ~−29.6 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

Stage: Improving Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Polo Queen Industrial and Fintech Ltd reads as improving on its fundamental arc. Improving — profit growth bottomed 3 quarters ago at −17.1% and has held its recovery at +14.7% (single-quarter readings), ROCE holding at 2.5%. The read is built from 9 quarters across 3 curves, on partial evidence.

Why it matters: a sustained climb off the trough is the setup this page is built to catch — the question moves to what you pay for it.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

4-Factor Sector Score

35.6/100 — rank 12 of 12 in FMCG - Personal Care · 51% evidence confidence

Polo Queen Industrial and Fintech Ltd scores 35.6 out of 100 against the 12 companies it is compared with in FMCG - Personal Care, ranking 12. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 14.8 + 9.3 + 8.5 + 3 = 35.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Polo Queen Industrial and Fintech Ltd reported ₹16.7 Cr of revenue in the Dec 25 quarter, −3.0% year on year. Over 8 years it has compounded at 3.4% a year. The last full year, FY25, came in at ₹80.2 Cr. The last four reported quarters add to ₹68.8 Cr.

Polo Queen Industrial and Fintech Ltd reported ₹16.7 Cr of revenue in the Dec 25 quarter, −3.0% year on year. Over 8 years it has compounded at 3.4% a year. The last full year, FY25, came in at ₹80.2 Cr. The last four reported quarters add to ₹68.8 Cr.

FY25 revenue came in at ₹80.2 Cr (+17.1% on the year), capping 8 years at 3.4% compound. The latest quarter (Dec 25) printed ₹16.7 Cr, −3.0% year on year.

Pace check: the last four quarters averaged −23.4% growth against the decade's 3.4% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −25.8% over the last 4 quarters against +3.3%/yr over the last 8 — rolling over; TTM profit −16.1% vs +30.1%/yr — rolling over.

→ Revenue slipped — did margins hold as it scaled? Next: 7.6% this quarter (+0.3 pp YoY).

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Polo Queen Industrial and Fintech Ltd's operating margin is 7.6% in the Dec 25 quarter, +0.3 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 0.9% to 7.3%. The current quarter is running above every full year in that window.

Polo Queen Industrial and Fintech Ltd's operating margin is 7.6% in the Dec 25 quarter, +0.3 percentage points against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 0.9% to 7.3%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 7.6%, +0.3 pp against the same quarter a year ago. Across 9 fiscal years the operating margin has ranged 0.9%–7.3%.

Why the margin moved: operating margin went +0.3 pp year on year while gross margin went −0.1 pp — the gain came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

→ Margins held — did that reach the bottom line? Next: profit +14.7% in the latest quarter.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Polo Queen Industrial and Fintech Ltd earned ₹0.8 Cr of net profit in the Dec 25 quarter, +14.7% year on year. It is the 3rd consecutive quarter of growth. Full-year FY25 profit was ₹2.6 Cr. The 8-year compound rate is 11.1%. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned ₹0.7 Cr.

Polo Queen Industrial and Fintech Ltd earned ₹0.8 Cr of net profit in the Dec 25 quarter, +14.7% year on year. It is the 3rd consecutive quarter of growth. Full-year FY25 profit was ₹2.6 Cr. The 8-year compound rate is 11.1%. That is 4.7% of the quarter's revenue. The same quarter a year earlier earned ₹0.7 Cr.

Dec 25 profit was ₹0.8 Cr, +14.7% year on year — the 3rd consecutive quarter of growth. On the full year, FY25 printed ₹2.6 Cr (−8.0%), and the 8-year compound rate is 11.1%.

Why profit moved: revenue contributed −3.0% and the margin +0.3 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit −5.5% vs revenue −23.4%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

→ Profit rose — but did the cash follow? Next: 159% of the last 3 years' profit arrived as cash.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 159% of Polo Queen Industrial and Fintech Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY25 that was ₹2.5 Cr of operating cash against ₹2.6 Cr of profit. After ₹0.0 Cr of capital spending, ₹3.0 Cr was left as free cash.

FY25: operating cash of ₹2.5 Cr against reported profit of ₹2.6 Cr, leaving free cash of ₹3.0 Cr after ₹0.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 159% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 159%: the cash cycle held roughly steady between FY20 and FY25 — so conversion tracks profitability rather than the cycle.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

→ So follow the cash to where it goes. Next: a 2-day cycle and ₹0.0 Cr of building.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Polo Queen Industrial and Fintech Ltd's cash conversion cycle runs 2 days in FY25, up from −4 days in FY20. Capital spending ran ₹0.0 Cr over the last 3 years. At FY25 sales of ₹80.2 Cr each day of that cycle holds about ₹0.2 Cr, so roughly ₹0.0 Cr sits inside the business at any moment.

FY25: debtors at 71 days, inventory at 15 days — roughly 0.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 2 days, looser than FY20's −4.

The full loop: cash goes out to suppliers and production on day 0; stock waits 15 days to sell; customers pay about 71 days after that; and suppliers themselves are paid at 84 days — netting out to the 2-day cycle.

In money terms: at FY25 sales of ₹80.2 Cr, each day of the cycle holds about ₹0.2 Cr — so the 2-day loop keeps roughly ₹0.0 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹0.0 Cr over the last 3 fiscal years against ₹1.0 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹7.8 Cr (FY25) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 2%.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Polo Queen Industrial and Fintech Ltd earns a ROCE of 2% in FY25. That is up from a trough of 0% in FY20. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 3.3% net margin on 0.37× asset turns.

FY25 ROCE is 2%, recovered from a FY20 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

Why the return is what it is — the wiring (FY25): 3.3% net margin × 0.37× asset turns × 1.14× balance-sheet leverage ≈ 1.4% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.06.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Polo Queen Industrial and Fintech Ltd carries ₹10.9 Cr of borrowings against ₹191 Cr of equity in FY25, a debt-to-equity of 0.06. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹15.0 Cr to ₹10.9 Cr. Capital spending ran ₹0.0 Cr across the last 3 of those years.

FY25: borrowings of ₹10.9 Cr against equity of ₹191 Cr — a debt-to-equity of 0.06. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹15.0 Cr to ₹10.9 Cr while capital spending ran ₹0.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

→ Who owns this, and are they adding or leaving? Next: the register is quiet.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

No holder of Polo Queen Industrial and Fintech Ltd moved a full percentage point over the last two years — the register is quiet. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: +0.0 points over 8 quarters to 74.9%.

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Polo Queen Industrial and Fintech Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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