Polyplex Corporation Ltd
Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc. They have 35 Years Of Experience in Plastic Films. They have 7 Manufacturing Facilities In 5 Countries with Multiple Warehouses & Liaison Offices Worldwide. [1]
- Market Cap ₹ 2,661 Cr.
- Current Price ₹ 848
- High / Low ₹ 1,398 / 774
- Stock P/E 28.3
- Book Value ₹ 235
- Dividend Yield 1.59 %
- ROCE 13.7 %
- ROE 11.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 17.4%
Cons
- The company has delivered a poor sales growth of 4.19% over past five years.
- Promoter holding is low: 26.7%
- Earnings include an other income of Rs.62.3 Cr.
- Promoter holding has decreased over last 3 years: -24.2%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Packaging
Part of BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,119 | 1,052 | 968 | 944 | 1,089 | 1,348 | 1,273 | 1,299 | 1,785 | 1,648 | 1,414 | 1,563 | 1,552 | |
| 1,024 | 953 | 879 | 867 | 1,010 | 1,202 | 1,123 | 1,078 | 1,514 | 1,535 | 1,415 | 1,453 | 1,434 | |
| Operating Profit | 94 | 99 | 89 | 77 | 79 | 145 | 150 | 221 | 271 | 113 | -2 | 110 | 118 |
| OPM % | 8% | 9% | 9% | 8% | 7% | 11% | 12% | 17% | 15% | 7% | -0% | 7% | 8% |
| 23 | 17 | 8 | 50 | 64 | 192 | 220 | 339 | 337 | 257 | 37 | 49 | 62 | |
| Interest | 20 | 16 | 8 | 19 | 16 | 5 | 3 | 3 | 2 | 1 | 3 | 10 | 10 |
| Depreciation | 73 | 77 | 65 | 53 | 48 | 45 | 55 | 57 | 51 | 48 | 46 | 47 | 47 |
| Profit before tax | 24 | 23 | 25 | 55 | 79 | 287 | 313 | 499 | 555 | 321 | -14 | 101 | 123 |
| Tax % | -38% | 13% | -8% | 17% | 26% | 21% | 27% | 9% | 11% | 8% | -33% | 24% | |
| 33 | 20 | 27 | 46 | 59 | 228 | 230 | 453 | 491 | 295 | -9 | 77 | 94 | |
| EPS in Rs | 10.20 | 6.23 | 8.43 | 14.29 | 18.42 | 71.31 | 71.85 | 144.43 | 156.55 | 93.85 | -2.88 | 24.56 | 29.97 |
| Dividend Payout % | 20% | 41% | 36% | 50% | 221% | 73% | 24% | 116% | 68% | 95% | -106% | 56% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | -4% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | -20% |
| 3 Years: | -46% |
| TTM: | 11373% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 3% |
| 3 Years: | -18% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 39% |
| 3 Years: | 17% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 368 | 381 | 398 | 408 | 439 | 523 | 584 | 525 | 700 | 662 | 637 | 681 | 705 |
| 412 | 323 | 179 | 205 | 218 | 218 | 167 | 161 | 88 | 26 | 111 | 128 | 162 | |
| 57 | 55 | 66 | 41 | 60 | 70 | 76 | 111 | 90 | 70 | 65 | 78 | 119 | |
| Total Liabilities | 870 | 791 | 677 | 687 | 750 | 843 | 859 | 829 | 910 | 791 | 845 | 920 | 1,018 |
| 493 | 462 | 416 | 353 | 319 | 330 | 360 | 327 | 314 | 293 | 286 | 261 | 270 | |
| CWIP | 30 | 1 | 2 | 0 | 2 | 4 | 5 | 5 | 7 | 10 | 2 | 15 | 29 |
| Investments | 25 | 35 | 20 | 47 | 47 | 55 | 119 | 49 | 82 | 47 | 49 | 82 | 84 |
| 322 | 294 | 239 | 287 | 381 | 454 | 374 | 447 | 507 | 441 | 508 | 562 | 636 | |
| Total Assets | 870 | 791 | 677 | 687 | 750 | 843 | 859 | 829 | 910 | 791 | 845 | 920 | 1,018 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 138 | 144 | 16 | 12 | 33 | 155 | 157 | 142 | 158 | -44 | 112 | |
| -31 | -43 | 9 | -25 | 22 | 111 | 68 | 351 | 271 | 225 | -8 | -89 | |
| -38 | -91 | -157 | 6 | -33 | -144 | -221 | -498 | -410 | -386 | 56 | -24 | |
| Net Cash Flow | -5 | 5 | -5 | -3 | 1 | -0 | 2 | 10 | 2 | -2 | 4 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 36 | 24 | 32 | 39 | 47 | 41 | 40 | 40 | 27 | 50 | 42 |
| Inventory Days | 55 | 47 | 49 | 69 | 68 | 67 | 66 | 73 | 67 | 68 | 72 | 77 |
| Days Payable | 3 | 5 | 7 | 6 | 8 | 9 | 7 | 13 | 10 | 8 | 7 | 13 |
| Cash Conversion Cycle | 86 | 78 | 66 | 95 | 99 | 105 | 99 | 100 | 97 | 87 | 115 | 106 |
| Working Capital Days | 34 | 26 | 21 | 15 | 35 | 65 | 58 | 46 | 63 | 66 | 74 | 71 |
| ROCE % | 6% | 5% | 6% | 12% | 14% | 40% | 41% | 67% | 72% | 42% | -1% | 14% |
Documents
Announcements
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Board Meeting Intimation for Board Meeting Intimation
2d - Board meeting on Feb 13, 2026 to consider Q3 unaudited results (quarter ended Dec 31, 2025), standalone and consolidated, and related matters, announced Jan 29, …
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 15 Jan
- Closure of Trading Window 22 Dec 2025
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Announcement under Regulation 30 (LODR)-Investor Presentation
18 Nov 2025 - Investor Presentation on the unaudited financial results for the quarter and half year ended September 30, 2025
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General-Clarification
18 Nov 2025 - Polyplex corrects unintended attachment in Nov 13 filing on Q2/H1 Sep 30, 2025 results; corrective action underway. Checklist: - Read the announcement to identify the …
Annual reports
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Financial Year 2025
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Nov 2025TranscriptAI SummaryPPT
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Leading Packaging Company[1][2][3]
It is a leading global PET film manufacturer with a polyethylene terephthalate (PET) film capacity of 4,78,500 metric tonne (MT) (including upcoming capacities).
Polyplex is Ranked #2 Globally (ex-China) in Thin BOPET Film Capacity with market share of ~10% globally.