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 ₹ 3,388 Cr.
- Current Price ₹ 1,079
- High / Low ₹ 1,268 / 740
- Stock P/E 21.8
- Book Value ₹ 1,351
- Dividend Yield 0.28 %
- ROCE 0.89 %
- ROE 0.54 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.80 times its book value
- Company has been maintaining a healthy dividend payout of 22.4%
Cons
- The company has delivered a poor sales growth of 7.58% over past five years.
- Promoter holding is low: 26.7%
- Tax rate seems low
- Company has a low return on equity of 2.40% over last 3 years.
- 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 Industrials BSE 1000
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,204 | 3,202 | 3,201 | 3,572 | 4,570 | 4,487 | 4,918 | 6,624 | 7,652 | 6,307 | 6,885 | 7,086 | 7,601 | |
| 2,919 | 2,849 | 2,758 | 3,078 | 3,838 | 3,706 | 3,701 | 5,316 | 6,705 | 5,940 | 6,189 | 6,737 | 7,009 | |
| Operating Profit | 285 | 353 | 443 | 494 | 732 | 781 | 1,217 | 1,308 | 947 | 367 | 696 | 349 | 592 |
| OPM % | 9% | 11% | 14% | 14% | 16% | 17% | 25% | 20% | 12% | 6% | 10% | 4.9% | 8% |
| 70 | -32 | 177 | 44 | 163 | 131 | 59 | 128 | 95 | 58 | 95 | 88 | 137 | |
| Interest | 56 | 48 | 47 | 39 | 29 | 18 | 18 | 16 | 35 | 42 | 46 | 53 | 56 |
| Depreciation | 216 | 209 | 197 | 185 | 209 | 253 | 280 | 273 | 296 | 307 | 300 | 363 | 372 |
| Profit before tax | 83 | 64 | 376 | 314 | 657 | 640 | 979 | 1,147 | 711 | 76 | 445 | 20 | 302 |
| Tax % | 6% | 75% | 4% | 9% | 11% | 23% | 12% | 16% | 13% | -14% | 20% | -101% | |
| 78 | 16 | 361 | 284 | 584 | 494 | 862 | 965 | 616 | 86 | 358 | 41 | 272 | |
| EPS in Rs | 11.87 | 9.08 | 72.44 | 49.85 | 103.18 | 88.18 | 163.04 | 181.19 | 110.97 | 12.05 | 66.64 | 14.32 | 49.47 |
| Dividend Payout % | 21% | 34% | 10% | 82% | 50% | 20% | 102% | 58% | 81% | 25% | 21% | 21% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | -3% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -47% |
| 3 Years: | -60% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -9% |
| 3 Years: | -2% |
| 1 Year: | 1% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 7% |
| 3 Years: | 2% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 2,088 | 2,289 | 2,270 | 2,516 | 2,739 | 2,997 | 3,021 | 3,284 | 3,451 | 3,479 | 3,731 | 4,208 |
| 1,655 | 1,294 | 810 | 863 | 786 | 758 | 695 | 946 | 799 | 748 | 882 | 935 | |
| 968 | 951 | 1,243 | 1,457 | 1,648 | 1,952 | 2,420 | 2,954 | 3,091 | 3,124 | 3,309 | 3,694 | |
| Total Liabilities | 4,744 | 4,566 | 4,356 | 4,868 | 5,205 | 5,739 | 6,168 | 7,216 | 7,373 | 7,383 | 7,954 | 8,870 |
| 2,569 | 2,406 | 2,184 | 2,218 | 2,242 | 2,824 | 2,759 | 3,152 | 3,252 | 3,002 | 3,944 | 4,226 | |
| CWIP | 8 | 3 | 10 | 8 | 181 | 30 | 325 | 126 | 196 | 628 | 36 | 70 |
| Investments | 16 | 1 | 100 | 133 | 123 | 233 | 288 | 276 | 275 | 374 | 340 | 348 |
| 2,151 | 2,157 | 2,062 | 2,509 | 2,658 | 2,652 | 2,796 | 3,663 | 3,650 | 3,379 | 3,634 | 4,226 | |
| Total Assets | 4,744 | 4,566 | 4,356 | 4,868 | 5,205 | 5,739 | 6,168 | 7,216 | 7,373 | 7,383 | 7,954 | 8,870 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 376 | 448 | 441 | 307 | 551 | 731 | 1,102 | 560 | 802 | 455 | 438 | 537 | |
| -0 | 86 | -246 | -106 | -265 | -323 | -451 | 41 | 16 | -804 | -464 | -480 | |
| -234 | -473 | -436 | -42 | -312 | -298 | -660 | -232 | -657 | -152 | -38 | -133 | |
| Net Cash Flow | 142 | 61 | -240 | 159 | -26 | 110 | -8 | 369 | 160 | -501 | -64 | -76 |
| Free Cash Flow | 220 | 400 | 375 | 170 | 181 | 261 | 576 | 160 | 532 | -56 | -47 | 150 |
| CFO/OP | 133% | 128% | 104% | 68% | 86% | 105% | 95% | 51% | 105% | 142% | 69% | 168% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46 | 49 | 53 | 56 | 48 | 55 | 50 | 61 | 44 | 56 | 54 | 58 |
| Inventory Days | 82 | 78 | 88 | 103 | 92 | 105 | 133 | 141 | 110 | 126 | 140 | 150 |
| Days Payable | 38 | 36 | 52 | 48 | 32 | 37 | 55 | 55 | 38 | 51 | 45 | 55 |
| Cash Conversion Cycle | 90 | 92 | 90 | 110 | 107 | 123 | 128 | 147 | 116 | 132 | 149 | 153 |
| Working Capital Days | 0 | 8 | 29 | 29 | 39 | 62 | 56 | 72 | 69 | 84 | 79 | 77 |
| ROCE % | 4% | 4% | 9% | 8% | 15% | 12% | 19% | 20% | 12% | 2% | 7% | 1% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| D-PAC (Specialty Film) Volume KMT |
|
||||||||
| D-PAC Incremental EBITDA per kg $/kg |
|||||||||
| Sales Volume (All Films) KMT |
|||||||||
| Thin BOPET Capacity Utilization (CUF) % |
|||||||||
| Number of Countries Served Count |
|||||||||
| Number of Customers Count |
|||||||||
| Top 10 Customer Concentration % |
|||||||||
Extracted by Screener AI
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 41st AGM resolutions passed, including FY26 accounts, Rs 1 dividend, director reappointment, and cost auditor remuneration.
-
Presentation Made At The 41St AGM Held On September 08, 2026.
- Polyplex shared its 41st AGM presentation on September 8, 2026, covering FY26 and Q1 FY27 performance.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of newspaper notice regarding dispatch of Annual Report for FY 2025-26 and Notice of 41st AGM
-
Business Responsibility and Sustainability Reporting (BRSR)
- Polyplex filed its FY 2025-26 Business Responsibility and Sustainability Report with the annual report.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
from nse
Concalls
-
Aug 2026PPT
-
May 2026PPT
-
Feb 2026PPT
-
Nov 2025PPT
-
Nov 2025PPT
-
Sep 2025PPT
-
Aug 2025PPT
-
May 2025PPT
-
Feb 2025PPT
-
Feb 2025PPT
-
Nov 2024PPT
-
Sep 2024PPT
-
Aug 2024PPT
-
May 2024PPT
-
Feb 2024PPT
-
Nov 2023PPT
-
Aug 2023PPT
-
May 2023PPT
-
Feb 2023PPT
-
Nov 2022PPT
-
Sep 2022PPT
-
Aug 2022PPT
-
May 2022PPT
-
Feb 2022PPT
-
Nov 2021PPT
-
Sep 2021PPT
-
Aug 2021PPT
-
May 2021PPT
-
Feb 2021PPT
-
Nov 2020PPT
-
Aug 2020PPT
-
Aug 2020PPT
-
May 2020PPT
-
Feb 2020PPT
-
Nov 2019PPT
-
Oct 2019PPT
-
Sep 2019PPT
-
Aug 2019PPT
-
May 2019PPT
-
Feb 2019PPT
Business Overview:[1]
The company is an integrated, multinational manufacturer of plastic film substrates, primarily biaxially oriented polyethylene terephthalate (BOPET - thin and thick), biaxially oriented polypropylene (BOPP), cast polypropylene (CPP), and blown PP/PE films.