1. Polyplex Corporation
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100% Hold

Polyplex Corporation Share Price

POLYPLEX

₹867.10-₹5.40 (-0.62%) TodayLast updated on 22 May, 2024 | 03:48 PM IST
₹853.20₹877.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹2,739 Crs

Open

₹876.00

Close

₹872.50

Circuit range

₹1,047.00 - ₹698.00

Day range

₹853.20 - ₹877.00

Year range

₹760.85 - ₹1,579.20

Volume

97,658

Avg. traded

₹862.18

Revenue (12m)

₹6,307 Crs

Polyplex Corporation

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%.

Polyplex Corporation Key indicators

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52 week high

₹1,579.20

52 week low

₹760.85

P/E ratio

72.37

P/B ratio

0.75

ROE

41.34%

ROCE

41.83%

Dividend yield

10.59%

Debt/Equity ratio

0.04

EPS

93.85

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Investment checklist: (2/6)

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Hold

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Buy

0%

Hold

100%

Sell

0%

This analysis is based on the reviews of 1 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

22.1%

Net profit margin

17.59%

ROE

41.34%

ROA

30.08%

ROCE

41.83%

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Polyplex Corporation Shareholder returns

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1 day

-2.71%

1 week

+3.52%

1 month

+2.77%

3 months

-3.29%

1 year

-44.40%

3 years

-24.62%

5 years

+49.41%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Polyplex Corporation Share Price history

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DayOpenCloseDay’s change

Shareholding info

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Promoters (26.69%)

Mutual Funds (2.17%)

Retail and other (63.08%)

Foreign institutions-FII (7.92%)

Other domestic institutions (0.14%)

Retail and other

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Events

Corporate actions

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  • Dividend • ₹2/share

    Ex date 17 Nov 2023

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  • Dividend • ₹3/share

    Ex date 08 Sep 2023

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  • Dividend • ₹30/share

    Ex date 24 Feb 2023

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  • Dividend • ₹35/share

    Ex date 24 Nov 2022

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  • Dividend • ₹20/share

    Ex date 24 Nov 2022

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  • Dividend • ₹21/share

    Ex date 22 Sep 2022

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  • Dividend • ₹35/share

    Ex date 24 Feb 2022

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  • Dividend • ₹15/share

    Ex date 24 Nov 2021

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