Styrenix Performance Materials Ltd

Styrenix Perfor. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Styrenix Performance Materials Ltd

₹ 3,305 -1.73%
13 Jun - close price
styrenix.com BSE: 506222 NSE: STYRENIX
About

Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]

Key Points

Business Overview:[1]
Company is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing. It also manufactures Polystyrene which is used for food service and packaging, refrigerator components, electronic goods housings, etc.

Website BSE NSE
  • Market Cap ₹ 5,814 Cr.
  • Current Price ₹ 3,305
  • High / Low ₹ 3,524 / 1,860
  • Stock P/E 25.0
  • Book Value ₹ 484
  • Dividend Yield 2.96 %
  • ROCE 39.1 %
  • ROE 29.5 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.5%

Cons

  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Promoter holding has decreased over last 3 years: -28.8%

* 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

Commodities Chemicals Chemicals & Petrochemicals Specialty Chemicals

Part of BSE SmallCap BSE Allcap BSE Commodities

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
624 650 550 557 615 544 595 485 599 699 653 691 702
483 529 510 508 549 493 512 427 527 609 554 617 620
Operating Profit 141 121 40 49 66 51 83 58 72 90 99 74 82
OPM % 23% 19% 7% 9% 11% 9% 14% 12% 12% 13% 15% 11% 12%
1 6 4 2 3 2 3 2 2 2 6 1 1
Interest 2 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 9 9 10 9 10 9 9 9 9 9 10 10 10
Profit before tax 130 116 32 40 58 43 76 50 64 82 94 64 72
Tax % 24% 25% 27% 25% 27% 25% 26% 30% 23% 26% 26% 26% 26%
99 87 24 30 42 32 56 35 49 61 70 48 53
EPS in Rs 56.33 49.35 13.42 17.17 24.13 18.45 32.08 19.87 28.07 34.80 39.86 27.12 30.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,092 1,432 1,584 1,482 1,895 2,091 1,579 1,631 2,179 2,372 2,222 2,744
1,009 1,349 1,488 1,347 1,758 2,081 1,514 1,218 1,704 2,096 1,958 2,399
Operating Profit 83 83 96 135 137 9 65 414 475 276 264 345
OPM % 8% 6% 6% 9% 7% 0% 4% 25% 22% 12% 12% 13%
11 5 3 4 5 12 -31 13 14 15 9 11
Interest 3 15 11 14 14 13 16 15 8 6 4 4
Depreciation 13 21 27 25 25 27 32 36 38 38 37 39
Profit before tax 77 52 60 100 103 -18 -14 376 443 247 233 313
Tax % 35% 32% -6% 31% 36% -33% -29% 25% 27% 26% 26% 26%
50 35 64 69 66 -12 -10 280 323 183 173 232
EPS in Rs 28.72 19.91 36.30 39.40 37.66 -7.09 -5.41 159.35 183.41 104.07 98.47 132.02
Dividend Payout % 14% 20% 11% 10% 11% -28% 0% 6% 162% 100% 95% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 12%
3 Years: 8%
TTM: 24%
Compounded Profit Growth
10 Years: 21%
5 Years: 51%
3 Years: -10%
TTM: 35%
Stock Price CAGR
10 Years: 19%
5 Years: 39%
3 Years: 61%
1 Year: 52%
Return on Equity
10 Years: 20%
5 Years: 30%
3 Years: 26%
Last Year: 30%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 460 486 509 569 627 606 592 871 839 697 705 833
89 110 170 209 104 265 224 98 52 35 27 19
281 215 229 254 305 233 222 326 323 513 288 519
Total Liabilities 847 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,263 1,038 1,389
136 217 241 219 214 200 365 369 343 309 295 314
CWIP 56 0 2 18 15 96 56 30 7 12 28 29
Investments 33 101 1 1 1 0 0 1 1 1 58 37
621 511 681 812 824 825 634 914 881 940 657 1,010
Total Assets 847 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,263 1,038 1,389

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
50 20 28 -16 173 -36 166 385 356 270 216 147
-57 -51 -6 -15 -21 -93 -84 -112 83 -136 -88 -37
13 -1 -18 22 -127 135 -124 -137 -412 -198 -177 -118
Net Cash Flow 7 -32 5 -9 24 5 -42 136 27 -63 -48 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 74 52 52 55 47 41 40 68 51 49 49 46
Inventory Days 75 52 58 109 75 66 81 111 91 72 60 102
Days Payable 89 48 48 64 63 39 42 86 63 64 50 79
Cash Conversion Cycle 60 56 62 99 59 68 79 93 79 56 58 69
Working Capital Days 102 74 95 133 68 70 73 85 67 32 55 64
ROCE % 15% 11% 11% 15% 15% -1% 5% 42% 48% 30% 31% 39%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
61.19% 61.19% 62.73% 62.73% 62.73% 62.73% 62.73% 62.73% 46.24% 46.24% 46.24% 46.24%
1.87% 1.57% 1.42% 1.39% 2.19% 2.27% 2.53% 2.09% 4.96% 2.95% 3.37% 2.48%
4.14% 4.45% 4.45% 4.41% 4.77% 4.82% 5.01% 4.99% 10.58% 10.26% 11.29% 12.51%
32.79% 32.79% 31.39% 31.47% 30.30% 30.18% 29.72% 30.18% 38.21% 40.55% 39.10% 38.75%
No. of Shareholders 43,92744,83746,99350,30443,43940,54340,11540,49239,95545,88245,70346,867

* 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

Concalls