Polyplex Corporation Ltd

Polyplex Corpn Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Polyplex Corporation Ltd

₹ 1,324 1.19%
11 Jun 1:48 p.m.
polyplex.com BSE: 524051 NSE: POLYPLEX
About

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]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 4,156 Cr.
  • Current Price ₹ 1,324
  • High / Low ₹ 1,480 / 854
  • Stock P/E 19.9
  • Book Value ₹ 1,199
  • Dividend Yield 0.67 %
  • ROCE 7.19 %
  • ROE 5.75 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.11 times its book value
  • Company has been maintaining a healthy dividend payout of 42.1%

Cons

  • The company has delivered a poor sales growth of 8.94% over past five years.
  • Promoter holding is low: 26.7%
  • Company has a low return on equity of 5.65% over last 3 years.
  • Promoters have pledged 99.9% of their holding.
  • Promoter holding has decreased over last 3 years: -24.3%

* 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 SmallCap BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,885.87 2,032.58 2,089.29 1,863.34 1,667.07 1,560.52 1,572.09 1,495.57 1,678.69 1,685.60 1,738.86 1,721.16 1,739.56
1,506.84 1,672.57 1,847.71 1,759.75 1,611.70 1,499.29 1,451.46 1,446.05 1,582.12 1,521.69 1,547.95 1,599.93 1,675.66
Operating Profit 379.03 360.01 241.58 103.59 55.37 61.23 120.63 49.52 96.57 163.91 190.91 121.23 63.90
OPM % 20.10% 17.71% 11.56% 5.56% 3.32% 3.92% 7.67% 3.31% 5.75% 9.72% 10.98% 7.04% 3.67%
61.17 74.72 85.74 57.21 64.15 12.42 23.59 44.67 16.79 25.92 100.35 107.45 17.73
Interest 4.81 6.61 7.35 9.97 11.34 11.81 9.95 10.29 10.33 12.83 10.57 11.52 11.16
Depreciation 72.35 71.20 72.25 75.18 77.65 74.66 75.14 75.43 81.90 69.59 78.70 75.61 76.08
Profit before tax 363.04 356.92 247.72 75.65 30.53 -12.82 59.13 8.47 21.13 107.41 201.99 141.55 -5.61
Tax % 16.14% 12.86% 19.20% -11.17% 33.61% -19.58% 18.40% -101.53% -48.46% 9.57% 18.75% 25.73% 54.19%
304.44 311.01 200.16 84.10 20.27 -10.31 48.25 17.07 31.37 97.13 164.11 105.13 -8.65
EPS in Rs 59.18 59.58 36.64 12.32 2.42 -0.99 8.90 1.47 2.68 17.05 27.97 18.40 3.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,172 3,204 3,202 3,201 3,572 4,570 4,487 4,918 6,624 7,652 6,307 6,885
3,080 2,919 2,849 2,758 3,078 3,838 3,706 3,701 5,316 6,705 5,941 6,189
Operating Profit 92 285 353 443 494 732 781 1,217 1,308 947 366 696
OPM % 3% 9% 11% 14% 14% 16% 17% 25% 20% 12% 6% 10%
37 70 -32 177 44 163 131 59 128 95 60 95
Interest 54 56 48 47 39 29 18 18 16 35 42 46
Depreciation 192 216 209 197 185 209 253 280 273 296 307 300
Profit before tax -117 83 64 376 314 657 640 979 1,147 711 76 445
Tax % -55% 6% 75% 4% 9% 11% 23% 12% 16% 13% -14% 20%
-52 78 16 361 284 584 494 862 965 616 86 358
EPS in Rs -2.14 11.87 9.08 72.44 49.85 103.18 88.18 163.04 181.19 110.97 12.05 66.64
Dividend Payout % -95% 21% 34% 10% 82% 50% 20% 102% 58% 81% 25% 20%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 1%
TTM: 9%
Compounded Profit Growth
10 Years: 14%
5 Years: -4%
3 Years: -28%
TTM: 451%
Stock Price CAGR
10 Years: 22%
5 Years: 25%
3 Years: -18%
1 Year: 52%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 33 33 33 33 33 33 33 32 32 32 32 32
Reserves 2,228 2,088 2,289 2,270 2,516 2,739 2,997 3,021 3,284 3,451 3,479 3,731
2,079 1,655 1,294 810 863 786 758 695 946 799 748 882
970 968 951 1,243 1,457 1,648 1,952 2,420 2,954 3,091 3,124 3,353
Total Liabilities 5,309 4,744 4,566 4,356 4,868 5,205 5,739 6,168 7,216 7,373 7,383 7,998
2,498 2,569 2,406 2,184 2,218 2,242 2,824 2,759 3,152 3,252 3,002 3,944
CWIP 653 8 3 10 8 181 30 325 126 196 628 36
Investments 66 16 1 100 133 123 233 288 276 275 374 340
2,092 2,151 2,157 2,062 2,509 2,658 2,652 2,796 3,663 3,650 3,379 3,678
Total Assets 5,309 4,744 4,566 4,356 4,868 5,205 5,739 6,168 7,216 7,373 7,383 7,998

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
114 376 448 441 307 551 731 1,102 560 802 455 438
-391 -0 86 -246 -106 -265 -323 -451 41 16 -804 -473
311 -234 -473 -436 -42 -312 -298 -660 -232 -657 -152 -38
Net Cash Flow 33 142 61 -240 159 -26 110 -8 369 160 -501 -73

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 47 46 49 53 56 48 55 50 61 44 56 54
Inventory Days 86 82 78 88 103 92 105 133 141 110 126 132
Days Payable 34 38 36 52 48 32 37 55 55 38 51 43
Cash Conversion Cycle 99 90 92 90 110 107 123 128 147 116 132 143
Working Capital Days 52 64 65 58 78 73 83 80 97 88 106 113
ROCE % -1% 4% 4% 9% 8% 15% 12% 19% 20% 12% 2% 7%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.97% 50.97% 50.97% 50.97% 50.97% 50.97% 26.70% 26.70% 26.70% 26.70% 26.70% 26.70%
12.78% 14.81% 13.16% 12.68% 10.84% 9.41% 8.29% 7.92% 7.08% 7.39% 7.82% 7.67%
3.63% 3.02% 2.83% 2.82% 2.81% 2.26% 2.27% 2.31% 2.43% 2.81% 3.25% 2.82%
32.62% 31.21% 33.04% 33.53% 35.37% 37.37% 62.74% 63.07% 63.80% 63.11% 62.23% 62.82%
No. of Shareholders 1,27,0141,33,2161,43,3541,45,1561,48,7141,53,8001,52,6601,46,2681,37,4491,32,1931,20,9431,14,664

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

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