Styrenix Performance Materials Ltd

Styrenix Performance Materials Ltd

₹ 2,232 -1.39%
03 Jun - close price
About

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

Key Points

Business Overview:[1]
Company produces 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.

  • Market Cap 3,920 Cr.
  • Current Price 2,232
  • High / Low 3,524 / 1,773
  • Stock P/E 16.6
  • Book Value 563
  • Dividend Yield 2.42 %
  • ROCE 33.6 %
  • ROE 25.7 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%

Cons

  • The company has delivered a poor sales growth of 10.1% over past five years.
  • Promoter holding has decreased over last 3 years: -16.5%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
615 544 595 485 599 699 653 691 702 721 615 648 656
549 493 512 427 527 609 554 617 620 637 536 573 532
Operating Profit 66 51 83 58 72 90 99 74 82 84 79 75 124
OPM % 11% 9% 14% 12% 12% 13% 15% 11% 12% 12% 13% 12% 19%
3 2 3 2 2 2 6 1 1 2 2 -2 2
Interest 1 1 1 1 1 1 1 1 1 1 2 1 1
Depreciation 10 9 9 9 9 9 10 10 10 11 12 12 13
Profit before tax 58 43 76 50 64 82 94 64 72 74 68 60 112
Tax % 27% 25% 26% 30% 23% 26% 26% 26% 26% 26% 26% 26% 25%
42 32 56 35 49 61 70 48 53 55 51 44 84
EPS in Rs 24.13 18.45 32.08 19.87 28.07 34.80 39.86 27.12 30.23 31.20 28.88 25.19 47.94
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 15m Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,432 1,584 1,482 1,895 2,091 1,579 1,631 2,179 2,372 2,222 2,744 2,640
1,349 1,488 1,347 1,758 2,081 1,514 1,218 1,704 2,096 1,958 2,399 2,277
Operating Profit 83 96 135 137 9 65 414 475 276 264 346 363
OPM % 6% 6% 9% 7% 0% 4% 25% 22% 12% 12% 13% 14%
5 3 4 5 12 -31 13 14 15 9 10 4
Interest 15 11 14 14 13 16 15 8 6 4 4 6
Depreciation 21 27 25 25 27 32 36 38 38 37 39 47
Profit before tax 52 60 100 103 -18 -14 376 443 247 233 313 314
Tax % 32% -6% 31% 36% -33% -29% 25% 27% 26% 26% 26% 25%
35 64 69 66 -12 -10 280 323 183 173 232 234
EPS in Rs 19.91 36.30 39.40 37.66 -7.09 -5.41 159.35 183.41 104.07 98.47 132.02 133.22
Dividend Payout % 20% 11% 10% 11% -28% 0% 6% 162% 100% 100% 23% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 10%
3 Years: 4%
TTM: -4%
Compounded Profit Growth
10 Years: 14%
5 Years: -3%
3 Years: 9%
TTM: 3%
Stock Price CAGR
10 Years: 14%
5 Years: 9%
3 Years: 36%
1 Year: -32%
Return on Equity
10 Years: 22%
5 Years: 28%
3 Years: 26%
Last Year: 26%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 18 18 18 18 18 18 18 18 18 18 18 18
Reserves 486 509 569 627 606 592 871 839 697 705 833 973
110 170 209 104 265 224 98 52 35 27 19 63
215 229 254 305 233 222 326 323 513 288 519 420
Total Liabilities 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,263 1,038 1,389 1,473
217 241 219 214 200 365 369 343 309 295 314 350
CWIP 0 2 18 15 96 56 30 7 12 28 29 102
Investments 101 1 1 1 0 0 1 1 1 58 37 114
511 681 812 824 825 634 914 881 940 657 1,010 908
Total Assets 828 925 1,050 1,053 1,122 1,055 1,313 1,232 1,263 1,038 1,389 1,473

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
20 28 -16 173 -36 166 385 356 270 216 147 268
-51 -6 -15 -21 -93 -84 -112 83 -136 -88 -37 -168
-1 -18 22 -127 135 -124 -137 -412 -198 -177 -118 -118
Net Cash Flow -32 5 -9 24 5 -42 136 27 -63 -48 -9 -18
Free Cash Flow -26 22 -32 148 -132 81 373 342 258 178 89 174
CFO/OP 41% 40% 4% 145% -273% 251% 110% 102% 122% 105% 67% 96%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 52 52 55 47 41 40 68 51 49 49 46 50
Inventory Days 52 58 109 75 66 81 111 91 72 60 103 86
Days Payable 48 48 64 63 39 42 86 63 64 50 80 63
Cash Conversion Cycle 56 62 99 59 68 79 93 79 56 58 69 73
Working Capital Days 46 56 81 52 42 53 80 65 30 53 61 75
ROCE % 11% 11% 15% 15% -1% 5% 42% 48% 30% 31% 39% 34%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Permanent Employees
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Sales Volume
KT
Total Installed Production Capacity
KTPA
Thailand Plant Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
62.73% 62.73% 62.73% 62.73% 46.24% 46.24% 46.24% 46.24% 46.24% 46.24% 46.24% 46.24%
2.19% 2.27% 2.53% 2.09% 4.96% 2.95% 3.37% 2.48% 2.72% 2.19% 1.22% 0.95%
4.77% 4.82% 5.01% 4.99% 10.58% 10.26% 11.29% 12.51% 12.06% 12.78% 15.75% 17.33%
30.30% 30.18% 29.72% 30.18% 38.21% 40.55% 39.10% 38.75% 38.98% 38.79% 36.79% 35.47%
No. of Shareholders 43,43940,54340,11540,49239,95545,88245,70346,86746,91645,49447,13545,090

* 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.

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