Polyplex Corporation Limited is a leading manufacturer of polyester films. It serves customers across sectors, including packaging, electrical insulation and imaging. Polyplex has a significant market share in the global polyester film industry. The company caters to customers in more than 90 countries.
Polyplex Corporation was incorporated in 1984. Polyplex shares were listed on the NSE and BSE in 1988.
Polyplex introduced its initial thin BOPET film line in 1988. Between 1996 and 1997 the company built its first resin facility and increased the capacity of its thin BOPET film line.
Polyplex established the first and second thin BOPET film lines in Thailand in 2003. In 2005, it introduced the first thin BOPET film line in Turkey. The company acquired Spectrum Marketing in 2006-07 to handle Polyplex’s product distribution and warehousing in the United States.
In 2010 the company established a new BOPET film factory in Bazpur, Uttarakhand. In 2013, the company expanded its manufacturing operations to North America. Polyplex established a new plant in Decatur, the United States. Also, it introduced ‘Ecoblue’, a recycling plant in Thailand, along with its second extrusion coating line, during the same year.
The company began holography operations in India in 2018. Additionally, the Blown Film plant in Thailand was expanded to meet the increasing demand for the products.
In 2019-20, the company founded a BOPET manufacturing plant in Indonesia. It also expanded its coating business to Thailand and established a holography business in Turkey.
The market capitalisation of Polyplex Corporation Limited stood at over ₹3,200 crore as of January 23, 2024. Polyplex share price has increased 46% in the last three years.
Polyplex Corporation Limited business operations
Polyplex Corporation Limited is majorly involved in the production of plastic films. It currently operates production facilities in India, Turkey, Thailand, Indonesia and the United States. It also manages distribution operations across these geographies.
It has established internal production capabilities for a range of value-added films through smart investments in metallising, holography, and specialised coatings.
Its extensive product line allows the company to provide specific solutions for a variety of industrial applications. The products are used in release liners, roofing, transfer paper, ornamental film, digital printable film and flexible packaging.
With a rich history spanning more than 37 years, Polyplex has established itself as a global leader in several base substrates, including BOPET, BOPP, CPP and blown PP/PE.
The company has the largest capacity (except China) in the world for thin polyester film and it serves a variety of applications with different surface qualities and thicknesses.
The Company's Registered Office is located in Uttarakhand's Udham Singh Nagar.
Polyplex’s manufacturing plants are strategically located near its key markets, which enables the company to better serve its customers and offer solutions in line with their evolving needs.
Polyplex Corporation Financial Highlights
- Revenue: Polyplex Corporation reported revenue of ₹7,173.43 crore in FY26 vs ₹6,980.56 crore in FY25. It showed an increase of 2.76% on a yearly basis.
- Operating Profit: Polyplex Corporation reported an operating profit of ₹20.39 crore in FY26 vs ₹445.34 crore in FY25. It showed a decrease of 95.42% on a year-on-year basis.
- Net Profit: Polyplex Corporation reported a net profit of ₹40.93 crore in FY26 vs ₹357.72 crore in FY25. It showed a decrease of 88.56% on a yearly basis.
Polyplex Corporation Quarterly Result Highlights
- Polyplex Corporation reported revenue of ₹2,279.09 crore in Jun 2026, compared with ₹1,932.58 crore in Mar 2026, representing an increase of 17.93% on a quarter-on-quarter (QoQ) basis.
- Polyplex Corporation reported an operating profit of ₹210.65 crore in Jun 2026, compared with ₹42.56 crore in Mar 2026, representing an increase of 394.95% on a quarter-on-quarter (QoQ) basis.
- Polyplex Corporation reported a profit of ₹171.07 crore in Jun 2026, compared with ₹37.63 crore in Mar 2026, reflecting an increase of 354.61% on a QoQ basis.
- The earnings per share (EPS) of Polyplex Corporation stood at ₹14.32 during Jun 2026.
Data Source: BSE, Company announcements
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