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 ₹ 3,749 Cr.
- Current Price ₹ 1,194
- High / Low ₹ 1,268 / 740
- Stock P/E 24.1
- Book Value ₹ 1,351
- Dividend Yield 0.25 %
- ROCE 0.98 %
- ROE 1.12 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.88 times its book value
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 2.62% 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 | 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% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | -3% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -39% |
| 3 Years: | -49% |
| TTM: | 14% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | -5% |
| 3 Years: | 2% |
| 1 Year: | 17% |
| 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
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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
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Business Responsibility and Sustainability Reporting (BRSR)
- Polyplex filed its FY 2025-26 Business Responsibility and Sustainability Report with the annual report.
- Reg. 34 (1) Annual Report.
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Notice Of 41St AGM
- Polyplex issued FY2025-26 annual report, AGM notice for September 8, 2026, and proposed Re 1 final dividend.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation on the consolidated financial results for the quarter ended June 30, 2026
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from nse
Concalls
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Aug 2026TranscriptAI SummaryPPT
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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.