Solve Plastic Products Ltd (BALCO) — shareholding pattern, promoter holding, financials and share price
About Solve Plastic Products Ltd (BALCO)
Solve Plastic Products Ltd operates in the Civil Construction industry, within the Construction sector. It trades on the NSE as BALCO and on the BSE under scrip code 93132. Its ISIN is INE0U0201016.
Incorporated in 1994, Solve Plastic Products Ltd manufactures Unplasticized Polyvinyl Chloride Pipes and Rigid PVC Electrical Conduits [1]
Solve Plastic Products Limited specializes in the manufacturing of uPVC pipes and Rigid PVC Electrical Conduits, with four advanced manufacturing facilities in India.
The company operates under the brand 'BALCOPIPES', offering cold water plumbing solutions and rigid electrical conduits with unique algae, UV resistance, and non-flammable properties.
Listed peers in Civil Construction: Ishaan Infrastructure & Shelters Ltd, Rite Zone Chemcon India Ltd, Transwind Infrastructures Ltd, Shelter Infra Projects Ltd, Perfect Infraengineers Ltd, Setubandhan Infrastructure Ltd.
Valuation & Returns
At ₹21 a share, Solve Plastic Products Ltd (BALCO) was valued at a price-to-earnings ratio of 21x against an industry P/E of 25.97x and a price-to-book of 0.89x on a book value of ₹23.85 per share. Solomo computes return on equity of 4.2% and return on capital employed of 7.56% from filed results.
- P/E
- 21x
- Industry P/E
- 25.97x
- P/B
- 0.89x
- EPS (TTM)
- ₹-12.38
- Book value / share
- ₹23.85
- ROE
- 4.2%
- ROCE
- 7.56%
- ROA
- 1.49%
- Debt / equity
- 1.09x
- Dividend yield
- 0%
- EBITDA margin
- 5.7%
- 52-week range
- ₹13.4 – ₹36.55
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Solve Plastic Products Ltd (BALCO) reported revenue of ₹45.58 crore, net profit of ₹0.44 crore and earnings per share of ₹1.01. That compares with revenue of ₹41.46 crore and net profit of ₹-4.79 crore in Mar 2025. Figures are standalone, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹23.76 crore and net profit ₹0.02 crore (standalone).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 54.59 | 58.71 | 46.19 | 41.46 | 45.58 |
| Net profit (₹ cr) | -0.41 | 1.2 | 1.42 | -4.79 | 0.44 |
| EPS (₹) | -1.35 | 3.95 | 4.63 | -10.97 | 1.01 |
| Measure | 3Y | 1Y |
|---|---|---|
| Sales growth | -9.03% | -10.24% |
| Profit growth | - | -437.32% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 63.35% of Solve Plastic Products Ltd (BALCO) (unchanged from the previous quarter). Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2024.
Largest disclosed public shareholders in Jun 2026: ANABEL THOMAS 1.68%, ROHIT DHIRAJLAL MEHTA 1.24%, GOWRI RAJAN NAIR 1.14%, DEVI VENKATARAMAN 1.14%, NANDINI RAJAN NAIR 1.14%, PRASANTH VIJAYAN PALAKANDY 1.1%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 63.35% | - | - | - | - |
| Mar 2026 | 63.35% | - | - | - | - |
| Sep 2025 | 63.33% | - | - | - | - |
| Mar 2025 | 63.33% | - | - | - | - |
| Sep 2024 | 63.33% | - | - | - | - |