Polyplex Corporation Limited POLYPLEX NSEINFRA

Basic Materials · Specialty Chemicals · India

https://www.polyplex.com

Polyplex Corporation Limited engages in the manufacture and sale of polymeric films in India, other Asian countries, Europe, the Americas, and internationally. It offers Sarafil base films, including biaxially-oriented polyester (BOPET) films for use in packaging, electrical, and industrial applications; BO polypropylene (PP) films for flexible packaging and other applications; cast and blown PP films for flexible packaging and other applications; sustainable films; holographic films; and transfer metalized papers. The company also provides Saracote silicone coated PET/PP films, such as release liner-labels and specialty products, shingle roofing tapes, release film liners, and primer coated liners used in labels, tapes, roofing shingles, and peels and sticks underlayments. In addition, it offers Saralam range of extrusion coated film products comprising reflective insulation, decorative lamination, PET thermal lamination film-thin and thick gauge, PP thermal lamination, MegaBond PET and PP thermal lamination, nylon thermal lamination, and Zafira UV polyester thermal lamination films for use in thermal lamination products, such as book covers, identity cards, etc., as well as in carton lamination, commercial films, etc. Further, the company provides Saraprint, a non tearable PET films, which include digital print media products, polyester master plates, laser printer, inkjet, backlit, and label face films for various applications that comprise photo albums, commercial printing, promotional and customized digital printing, mini-offset printing, and label and flexible packaging applications, as well as in durable displays, certificates, aadhar cards, product catalogues, company brochures, signage, posters, graphic industries, visiting cards, menu cards, bills, and self-adhesive labels applications. Polyplex Corporation Limited was incorporated in 1984 and is based in Noida, India.

Market & Price

Market Cap

₹2,907.26 Cr

Current Price

₹926.10

High / Low (52W)

₹1,336.05 / ₹747.80

Beta

0.30

Valuation

Stock P/E

64.54

Industry PE

23.81

Forward P/E

PEG Ratio

Book Value

₹1,287.26

Price to Book

0.72

P/S

0.41

EV/EBITDA

15.97

Dividend Yield

0.70%

Profitability & Returns

ROCE

1.01%

ROE

0.62%

ROA

-0.10%

Profit Margin

0.63%

Op Margin

-0.33%

EPS (Latest Qtr)

₹7.90

EPS (TTM)

₹14.35

Balance Sheet & Liquidity

Debt/Equity

0.13

Quick Ratio

1.36

Current Ratio

2.59

Debt

₹935.31 Cr

Total Assets

₹8,913.77 Cr

Current Assets

₹4,163.04 Cr

Working Capital

₹2,558.00 Cr

Ownership

Promoter Holding

56.42%

Chg in Prom Hold

FII / Inst Holding

5.58%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹5,580.40 Cr

Total Revenue (TTM)

₹7,085.86 Cr

EBITDA

₹349.35 Cr

Free Cash Flow

₹-335.67 Cr

Operating Cash Flow

₹536.85 Cr

Shares Outstanding

₹3.14 Cr

Gross Margin

30.39%

Payout Ratio

45.39%

Growth (CAGR)

Revenue 5Y

-2.48%

Profit 5Y

-49.47%

Revenue (YoY)

7.50%

Earnings (YoY)

145.60%

PROS

No notable strengths flagged.

CONS

Trading at a high P/E of 64.5.
Revenue declined at -2.5% CAGR over 5 years.
Earnings shrank at -49.5% CAGR over 5 years.
Trading 30.7% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Basic Materials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	POLYPLEX Polyplex Corporation Limited NSEINFRA	926.10	64.54	₹2,907.26 Cr	0.70%	1.01%	0.62%	-2.48%	-49.47%
2	ULTRACEMCO UltraTech Cement Limited NIFTY50NSEINFRA	11,482.00	41.32	₹3.38 L Cr	0.67%	11.90%	10.59%	12.40%	17.26%
3	JSWSTEEL JSW Steel Limited NIFTY50NSEAIINFRA	1,278.00	14.01	₹3.12 L Cr	0.56%	19.15%	27.26%	3.61%	75.28%
4	HINDZINC Hindustan Zinc Limited NSEINFRA	632.95	19.34	₹2.67 L Cr	3.32%	62.35%	76.94%	5.61%	9.58%
5	TATASTEEL Tata Steel Limited NIFTY50NSEAIINFRA	208.02	28.34	₹2.59 L Cr	1.92%	11.32%	11.16%	-1.59%	7.21%
6	HINDALCO Hindalco Industries Limited NIFTY50NSEAIINFRA	1,126.70	18.73	₹2.52 L Cr	0.44%	9.50%	10.29%	7.40%	9.87%
7	GRASIM Grasim Industries Limited NIFTY50NSEINFRA	3,122.40	42.74	₹2.12 L Cr	0.32%	4.00%	6.29%	14.63%	-10.06%
8	SOLARINDS Solar Industries India Limited NSEINFRA	18,247.00	98.04	₹1.65 L Cr	0.06%	29.51%	31.33%	13.27%	30.36%
9	PIDILITIND Pidilite Industries Limited NSEINFRA	1,482.80	61.73	₹1.51 L Cr	0.67%	28.48%	23.52%	7.50%	24.36%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	1,739.56 Cr	1,738.67 Cr	1,794.04 Cr	1,682.43 Cr	1,870.72 Cr
Cost of Revenue	-	-	1,089.49 Cr	1,059.48 Cr	1,130.66 Cr	1,044.34 Cr	1,219.89 Cr
Gross Profit	-	-	650.07 Cr	679.19 Cr	663.38 Cr	638.09 Cr	650.83 Cr
Operating Expenses	-	-	662.25 Cr	384.51 Cr	636.98 Cr	411.49 Cr	412.09 Cr
Operating Income	-	-	-12.18 Cr	294.68 Cr	26.40 Cr	226.60 Cr	238.74 Cr
EBITDA	-	-	81.63 Cr	29.18 Cr	125.30 Cr	132.38 Cr	150.06 Cr
Interest Expense	10.57 Cr	11.52 Cr	11.16 Cr	14.11 Cr	13.04 Cr	-	13.21 Cr
Pretax Income	-	-	-5.61 Cr	-70.60 Cr	23.46 Cr	24.97 Cr	42.56 Cr
Tax Provision	-	-	3.04 Cr	-10.79 Cr	-10.04 Cr	-4.64 Cr	4.93 Cr
Net Income	-	-	10.11 Cr	-19.31 Cr	24.70 Cr	14.76 Cr	24.80 Cr
Diluted EPS	27.97	-	3.22	-6.15	7.87	4.70	7.90

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	7,640.29 Cr	6,294.39 Cr	6,885.18 Cr	7,085.86 Cr
Cost of Revenue	-	5,548.40 Cr	4,824.27 Cr	4,341.38 Cr	4,454.37 Cr
Gross Profit	-	2,091.88 Cr	1,470.11 Cr	2,543.80 Cr	2,631.49 Cr
Operating Expenses	-	1,431.71 Cr	1,318.01 Cr	1,358.96 Cr	1,603.64 Cr
Operating Income	-	660.17 Cr	152.11 Cr	1,184.84 Cr	1,027.85 Cr
EBITDA	-	1,039.15 Cr	422.26 Cr	791.40 Cr	436.92 Cr
Interest Expense	-	32.05 Cr	39.22 Cr	46.08 Cr	53.31 Cr
Pretax Income	-	710.82 Cr	75.91 Cr	445.34 Cr	20.39 Cr
Tax Provision	-	95.28 Cr	-10.47 Cr	87.62 Cr	-20.54 Cr
Net Income	-	348.35 Cr	37.83 Cr	209.21 Cr	44.95 Cr
Diluted EPS	-	110.97	12.05	66.64	14.32

Compounded Sales Growth

5 Years:	-2.48%
1 Year:	7.50%

Compounded Profit Growth

5 Years:	-49.47%
1 Year:	145.60%

Stock Price Performance

1 Year:	-27.95%
6 Months:	+10.49%
3 Months:	+13.73%
1 Month:	-3.01%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	7,396.77 Cr	7,431.26 Cr	7,998.22 Cr	8,913.77 Cr
Current Assets	-	3,659.96 Cr	3,374.52 Cr	3,632.12 Cr	4,163.04 Cr
Cash & Equivalents	-	964.55 Cr	463.30 Cr	400.78 Cr	323.22 Cr
Inventory	-	1,362.94 Cr	1,346.23 Cr	1,565.96 Cr	1,712.01 Cr
Receivables	-	921.47 Cr	971.27 Cr	1,016.19 Cr	1,124.96 Cr
Total Liabilities	-	1,627.48 Cr	1,619.68 Cr	1,777.12 Cr	1,877.14 Cr
Current Liabilities	-	1,110.61 Cr	1,136.34 Cr	1,304.67 Cr	1,605.04 Cr
Long Term Debt	-	373.27 Cr	354.40 Cr	345.19 Cr	158.59 Cr
Total Debt	-	799.01 Cr	747.87 Cr	882.06 Cr	935.31 Cr
Total Equity	-	3,482.95 Cr	3,511.13 Cr	3,763.20 Cr	4,239.91 Cr
Shares Outstanding	-	3.14 Cr	3.14 Cr	3.14 Cr	3.14 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	801.50 Cr	455.22 Cr	438.03 Cr	536.85 Cr
Investing Cash Flow	-	-114.93 Cr	-796.38 Cr	-473.06 Cr	-508.96 Cr
Financing Cash Flow	-	-656.96 Cr	-152.21 Cr	-37.54 Cr	-132.73 Cr
Capital Expenditure	-	-272.90 Cr	-517.16 Cr	-502.72 Cr	-405.24 Cr
Free Cash Flow	-	528.61 Cr	-61.93 Cr	-64.69 Cr	131.61 Cr
Net Change in Cash	-	29.61 Cr	-493.37 Cr	-72.57 Cr	-104.84 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	27.4%	23.4%	36.9%	37.1%
Operating Margin %	-	8.6%	2.4%	17.2%	14.5%
Net Margin %	-	4.6%	0.6%	3.0%	0.6%
ROE %	-	10.0%	1.1%	5.6%	1.1%
ROCE %	-	10.5%	2.4%	17.7%	14.1%

Shareholding Pattern

Insiders

56.42%

Institutions

5.58%

Public Float

12.80%

Analyst View

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POLYPLEX · Basic Materials