Styrenix Performance Materials Limited STYRENIX NSEINFRA

Basic Materials · Chemicals · India

https://www.styrenix.com

Styrenix Performance Materials Limited engages in the manufacture, trading, and sale of engineering thermoplastics in India. It offers Absolac, a plastic resin that is used for manufacturing of automobile interiors and exteriors, household appliances, and housings for electronic devices; and Absolan, which is primarily used in industrial goods, cosmetic packing, stationery, electrical appliances, household applications, and cosmetic jars. The company also offers general purpose poly styrene, a transparent polymer, which is used in TV light diffuser plate, XPS insulation boards, refrigerator drawers, medical labware, PSP and disposable packaging, CD jewel box, and clothes hanger; and high impact polystyrene resin that is used in electronics goods housing, refrigerator in-liner and door liner, injection mold, beverage cups, dairy products packaging, sheets, disposables, yogurt bottles, and toys; styroloy, a blended product which is used in automotive exterior, interior, household and electronics applications; Asalac, a polymer used for automotive exterior and interior applications. The company was formerly known as INEOS Styrolution India Limited and changed its name to Styrenix Performance Materials Limited in January 2023. Styrenix Performance Materials Limited was incorporated in 1973 and is based in Vadodara, India.

Market & Price

Market Cap

₹4,022.51 Cr

Current Price

₹2,286.00

High / Low (52W)

₹3,385.45 / ₹1,798.00

Beta

Valuation

Stock P/E

21.98

Industry PE

23.81

Forward P/E

16.97

PEG Ratio

Book Value

₹708.41

Price to Book

3.23

P/S

1.16

EV/EBITDA

12.26

Dividend Yield

2.36%

Profitability & Returns

ROCE

12.76%

ROE

14.43%

ROA

6.43%

Profit Margin

5.29%

Op Margin

11.62%

EPS (Latest Qtr)

₹41.79

EPS (TTM)

₹104.01

Balance Sheet & Liquidity

Debt/Equity

0.40

Quick Ratio

1.02

Current Ratio

2.29

Debt

₹548.10 Cr

Total Assets

₹2,482.56 Cr

Current Assets

₹1,327.65 Cr

Working Capital

₹746.89 Cr

Ownership

Promoter Holding

48.89%

Chg in Prom Hold

FII / Inst Holding

19.51%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹4,406.65 Cr

Total Revenue (TTM)

₹3,454.40 Cr

EBITDA

₹359.57 Cr

Free Cash Flow

₹10.83 Cr

Operating Cash Flow

₹183.25 Cr

Shares Outstanding

₹1.76 Cr

Gross Margin

27.48%

Payout Ratio

51.93%

Growth (CAGR)

Revenue 5Y

13.24%

Profit 5Y

-0.03%

Revenue (YoY)

-10.80%

Earnings (YoY)

30.90%

PROS

Compounding revenue at 13.2% over 5 years.
Generates positive free cash flow.

CONS

Earnings shrank at -0.0% CAGR over 5 years.
Trading 32.5% 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	STYRENIX Styrenix Performance Materials Limited NSEINFRA	2,286.00	21.98	₹4,022.51 Cr	2.36%	12.76%	14.43%	13.24%	-0.03%
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	-	-	939.71 Cr	943.50 Cr	798.93 Cr	869.49 Cr	826.10 Cr
Cost of Revenue	-	-	679.59 Cr	687.62 Cr	570.82 Cr	676.94 Cr	569.71 Cr
Gross Profit	-	-	260.12 Cr	255.88 Cr	228.11 Cr	192.55 Cr	256.39 Cr
Operating Expenses	-	-	198.68 Cr	184.13 Cr	168.80 Cr	180.00 Cr	170.80 Cr
Operating Income	-	-	61.44 Cr	71.75 Cr	59.31 Cr	12.55 Cr	85.59 Cr
EBITDA	-	-	89.91 Cr	99.84 Cr	88.43 Cr	40.42 Cr	128.11 Cr
Interest Expense	-	-	3.07 Cr	4.59 Cr	5.40 Cr	4.82 Cr	4.65 Cr
Pretax Income	-	-	61.05 Cr	70.54 Cr	56.87 Cr	6.40 Cr	93.06 Cr
Tax Provision	-	-	6.33 Cr	18.62 Cr	12.15 Cr	-9.94 Cr	19.58 Cr
Net Income	-	-	54.72 Cr	51.92 Cr	44.72 Cr	16.34 Cr	73.48 Cr
Diluted EPS	39.88	-	31.11	29.52	25.43	9.29	41.79

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	2,367.83 Cr	2,222.17 Cr	2,982.42 Cr	3,438.03 Cr
Cost of Revenue	-	1,787.87 Cr	1,671.25 Cr	2,219.89 Cr	2,505.09 Cr
Gross Profit	-	579.96 Cr	550.92 Cr	762.53 Cr	932.94 Cr
Operating Expenses	-	332.90 Cr	320.50 Cr	467.07 Cr	703.83 Cr
Operating Income	-	247.06 Cr	230.42 Cr	295.46 Cr	229.11 Cr
EBITDA	-	289.95 Cr	272.78 Cr	362.68 Cr	356.79 Cr
Interest Expense	-	4.97 Cr	2.75 Cr	5.65 Cr	19.45 Cr
Pretax Income	-	246.96 Cr	233.25 Cr	301.99 Cr	223.25 Cr
Tax Provision	-	63.95 Cr	60.09 Cr	68.27 Cr	40.40 Cr
Net Income	-	183.01 Cr	173.16 Cr	233.72 Cr	182.85 Cr
Diluted EPS	-	104.07	98.47	132.91	103.98

Compounded Sales Growth

5 Years:	13.24%
1 Year:	-10.80%

Compounded Profit Growth

5 Years:	-0.03%
1 Year:	30.90%

Stock Price Performance

1 Year:	-19.77%
6 Months:	+13.66%
3 Months:	+19.32%
1 Month:	+1.11%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	1,262.77 Cr	1,037.88 Cr	2,291.33 Cr	2,482.56 Cr
Current Assets	-	922.12 Cr	694.65 Cr	1,360.68 Cr	1,327.65 Cr
Cash & Equivalents	-	102.78 Cr	54.48 Cr	97.65 Cr	70.13 Cr
Inventory	-	345.55 Cr	268.66 Cr	768.54 Cr	664.49 Cr
Receivables	-	318.69 Cr	296.87 Cr	439.92 Cr	428.83 Cr
Total Liabilities	-	548.03 Cr	315.15 Cr	1,123.76 Cr	1,116.25 Cr
Current Liabilities	-	480.23 Cr	256.54 Cr	660.57 Cr	580.76 Cr
Long Term Debt	-	9.62 Cr	9.72 Cr	204.01 Cr	222.31 Cr
Total Debt	-	35.08 Cr	27.34 Cr	397.25 Cr	548.10 Cr
Total Equity	-	714.74 Cr	722.73 Cr	1,167.57 Cr	1,366.31 Cr
Shares Outstanding	-	1.76 Cr	1.76 Cr	1.76 Cr	1.76 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	270.10 Cr	216.29 Cr	54.34 Cr	183.25 Cr
Investing Cash Flow	-	-135.58 Cr	-87.96 Cr	-84.73 Cr	-171.08 Cr
Financing Cash Flow	-	-197.81 Cr	-176.63 Cr	73.56 Cr	-39.69 Cr
Capital Expenditure	-	-17.61 Cr	-38.64 Cr	-488.99 Cr	-157.46 Cr
Free Cash Flow	-	252.49 Cr	177.65 Cr	-434.65 Cr	25.79 Cr
Net Change in Cash	-	-63.29 Cr	-48.30 Cr	43.17 Cr	-27.52 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	24.5%	24.8%	25.6%	27.1%
Operating Margin %	-	10.4%	10.4%	9.9%	6.7%
Net Margin %	-	7.7%	7.8%	7.8%	5.3%
ROE %	-	25.6%	24.0%	20.0%	13.4%
ROCE %	-	31.6%	29.5%	18.1%	12.0%

Shareholding Pattern

Insiders

48.89%

Institutions

19.51%

Public Float

38.18%

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for STYRENIX

No recent headlines available.

STYRENIX · Basic Materials