Polyplex Corporation Share Price

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.

Financial Highlights

The company’s consolidated revenue in FY23 stood at ₹7,747.47 crore, up 14.73% year-on-year compared to ₹6,752.38 crore in FY22. Profit after tax (PAT) decreased 34.98% year-on-year to ₹615.54 crore in FY23, as against ₹964.83 crore in FY22. The company’s EBITDA margin declined to 14% in FY23. The company’s normalised EBITDA (earnings before interest, taxes, depreciation and amortisation) stood at ₹1,060 crore in FY23. Its earnings per share (EPS) stood at ₹110.97 in FY23 as against ₹181.19 in FY22. EBITDA (earnings before interest, taxes, depreciation, and amortization) of the Company declined to ₹1,042.37 crore in FY23 from ₹1,435.89 crore in FY22, witnessing a fall of 27.40%.

21 September 2025 – Polyplex Corporation Share Price Update

As of last trading day, Polyplex Corporation opened at ₹1,060.00 and last traded at ₹1,065.70, showing a rise of 2.50 points (0.24%) compared to the previous close of ₹1,063.20. During the session, the stock touched a high of ₹1,075.50 and a low of ₹1,054.20. The company's market capitalization now stands at ₹3,473 Crs, with a P/E ratio of 49.6 and a dividend yield of 1.15%.