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 ₹ 3,329 Cr.
- Current Price ₹ 1,061
- High / Low ₹ 1,180 / 740
- Stock P/E 74.1
- Book Value ₹ 1,351
- Dividend Yield 1.27 %
- ROCE 0.98 %
- ROE 1.12 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.79 times its book value
Cons
- Company has low interest coverage ratio.
- 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 2.62% 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,204 | 3,202 | 3,201 | 3,572 | 4,570 | 4,487 | 4,918 | 6,624 | 7,652 | 6,307 | 6,885 | 7,086 | |
| 2,919 | 2,849 | 2,758 | 3,078 | 3,838 | 3,706 | 3,701 | 5,316 | 6,705 | 5,940 | 6,189 | 6,737 | |
| Operating Profit | 285 | 353 | 443 | 494 | 732 | 781 | 1,217 | 1,308 | 947 | 367 | 696 | 349 |
| OPM % | 9% | 11% | 14% | 14% | 16% | 17% | 25% | 20% | 12% | 6% | 10% | 5% |
| 70 | -32 | 177 | 44 | 163 | 131 | 59 | 128 | 95 | 58 | 95 | 88 | |
| Interest | 56 | 48 | 47 | 39 | 29 | 18 | 18 | 16 | 35 | 42 | 46 | 53 |
| Depreciation | 216 | 209 | 197 | 185 | 209 | 253 | 280 | 273 | 296 | 307 | 300 | 363 |
| Profit before tax | 83 | 64 | 376 | 314 | 657 | 640 | 979 | 1,147 | 711 | 76 | 445 | 20 |
| 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 | |
| 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 |
| Dividend Payout % | 21% | 34% | 10% | 82% | 50% | 20% | 102% | 58% | 81% | 25% | 21% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | -3% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -39% |
| 3 Years: | -49% |
| TTM: | -78% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | -7% |
| 3 Years: | -6% |
| 1 Year: | -7% |
| Return on Equity | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 7% |
| 3 Years: | 3% |
| 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 | 3,739 | |
| Total Liabilities | 4,744 | 4,566 | 4,356 | 4,868 | 5,205 | 5,739 | 6,168 | 7,216 | 7,373 | 7,383 | 7,954 | 8,914 |
| 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 | 4,270 | |
| Total Assets | 4,744 | 4,566 | 4,356 | 4,868 | 5,205 | 5,739 | 6,168 | 7,216 | 7,373 | 7,383 | 7,954 | 8,914 |
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 | -509 | |
| -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 | -105 |
| 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 | 140 |
| Days Payable | 38 | 36 | 52 | 48 | 32 | 37 | 55 | 55 | 38 | 51 | 45 | 51 |
| Cash Conversion Cycle | 90 | 92 | 90 | 110 | 107 | 123 | 128 | 147 | 116 | 132 | 149 | 147 |
| Working Capital Days | 0 | 8 | 29 | 29 | 39 | 62 | 56 | 72 | 69 | 84 | 79 | 89 |
| 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 |
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| D-PAC Incremental EBITDA per kg $/kg |
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| Sales Volume (All Films) KMT |
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| Thin BOPET Capacity Utilization (CUF) % |
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| Number of Countries Served Count |
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| Number of Customers Count |
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| Top 10 Customer Concentration % |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 6 Jul
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 6 Jul
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 (As Amended) (The 'Listing Regulations')- Revised
1 Jul - On July 1, 2026, board decided not to tender its 51% PTL stake in AGPH's offer.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 (As Amended) (The 'Listing Regulations')
1 Jul - Board resolved on July 1, 2026 not to tender Polyplex Thailand shares to AGPH offer.
- Closure of Trading Window 25 Jun
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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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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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.