Jindal Poly Films Limited (JINDALPOLY) AI Stock Analysis

• Market Cap: ₹17.62B
• Dividend Yield: 1.18%
• Average Volume (3M): 22.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: 19.84%
• EPS Growth: -115.35%
• Country: IN
• Employees: 278
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): -3.06
• Shares Outstanding: 43,786,410
• 10 Day Avg. Volume: 57,434
• 30 Day Avg. Volume: 22,146
• PEG Ratio: 0.51
• Price to Book (P/B): 0.73
• Price to Sales (P/S): 0.57
• P/FCF Ratio: -29.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: ₹409.00 ▼(-14.84% Downside)

The score is held back primarily by weak technical momentum (below all key moving averages with negative MACD and low RSI/Stoch). Financial performance is mixed—strong revenue growth and a stable balance sheet are positives, but thin/volatile margins and negative free cash flow meaningfully reduce the overall strength. Valuation adds limited support due to a negative P/E and only a modest dividend yield.

Positive Factors

Market position & diversification

Jindal Poly's leadership in BOPP and polyester films and diversified end-markets (food, personal care, textiles, electrical) create durable demand channels. Broad customer mix and export reach reduce single-market risk and support steadier revenue over a multi-month horizon.

Recent revenue recovery

A 39.6% year-over-year revenue rebound signals recovering demand and market share restoration. With established long-term contracts and relationships with converters and brand owners, higher top-line momentum can sustain capacity utilization and support margin recovery over coming quarters.

Manageable leverage and capital base

Improved debt-to-equity around 1.07 and a strong equity ratio give the company financial flexibility. A solid capital base cushions cash-flow volatility, enables funding of maintenance or growth capex, and reduces refinancing pressure over the medium term.

Negative Factors

Thin and volatile profitability

Very low net and EBIT margins constrain internal capital generation and leave little buffer against cost shocks. Volatile operating margins raise execution risk for sustaining profits, making earnings and cash returns sensitive to raw material or demand swings over months.

Negative free cash flow

Persistent negative free cash flow limits the firm's ability to self-finance capex, pay down debt, or return capital to shareholders. Over a multi-month horizon this elevates reliance on external funding, raising liquidity and refinancing risk if operating cash conversion doesn't improve.

Earnings volatility / sharp EPS decline

A very large negative EPS growth rate reflects volatile profitability and episodic losses that impair forecasting and capital allocation. Such swings reduce management flexibility for long-term investments and undermine confidence in sustained earnings power over the coming quarters.

Jindal Poly Films Limited Business Overview & Revenue Model

Company Description

Jindal Poly Films Limited manufactures and sells biaxially-oriented polyethylene terephthalate (BOPET) films, biaxially oriented poly propylene (BOPP) films, and cast poly propylene (CPP) films in India and internationally. It operates through Packaging Films and Nonwoven Fabrics segments. The company's BOPP films include transparent BOPP heat and non-heat sealable, solid white, matte, coex, pearlized, label BOPP, opaque, release, tape and textile, and metallize BOPP films; and PET films comprise chemical treated, opaque white, matte, high strength yarn grade, co-extruded clear, and ultra-clear corona treated PET films for the converting and graphic arts industry, as well as electrical insulation, label, and other applications. It also provides metalized films for flexible packaging, gift wrap, and decorative applications, as well as sequins for textiles; coated films, such as PVDC, acrylic, silicon, AlOx, ink receptive, digital printable, and DG coated films, as well as coated high COF matte PET and lidding films; and CPP films for regular applications and specialty films for high barrier and retort applications. In addition, the company offers thermal lamination films; non tearable paper films for photo albums, certificates, playing cards, gift cards, visiting cards, calendar, menu cards, wedding cards, and modelling portfolio applications; medical X-Ray films; and polyester chips. Jindal Poly Films Limited was incorporated in 1974 and is based in New Delhi, India.

How the Company Makes Money

Jindal Poly Films generates revenue primarily through the sale of its BOPP and polyester films, which are used extensively in packaging applications. The company has multiple revenue streams, including sales to packaging converters, brand owners, and other industries requiring specialized films. Additionally, Jindal Poly Films benefits from long-term contracts with key customers, which ensures a steady income stream. The company also explores international markets, contributing to its earnings through exports. Strategic partnerships with raw material suppliers and technology providers further enhance its operational efficiency and product offerings, supporting its profitability.

Jindal Poly Films Limited Financial Statement Overview

Summary

Mixed fundamentals: strong revenue growth (39.60% in 2025) and a stable balance sheet with improved leverage (debt-to-equity 1.07), but profitability remains thin/volatile (net margin 2.06%, EBIT margin 0.85%) and free cash flow is negative, signaling cash management pressure.

Income Statement

Jindal Poly Films Limited shows a mixed performance in its income statement. The gross profit margin for 2025 stood at 28.99%, indicating strong core profitability, although it has decreased from previous years. The net profit margin improved to 2.06% after a significant drop to 1.87% in 2024, but remains lower compared to historical figures. Revenue growth was robust at 39.60% from 2024 to 2025, showcasing strong recovery and expansion. However, fluctuations in EBIT and EBITDA margins suggest volatility, with EBIT margin recovering to 0.85% after a negative figure in 2024, and EBITDA margin at 13.69%, which indicates operational challenges.

Balance Sheet

The balance sheet reflects a stable financial structure with a debt-to-equity ratio of 1.07 in 2025, improved from the previous year, indicating manageable leverage. The return on equity (ROE) of 2.67% in 2025 is modest, reflecting low profitability relative to equity. The equity ratio remains strong at 37.61%, suggesting a solid capital base and financial stability. Despite high total debt, the company's equity base provides a cushion against financial risks.

Cash Flow

The cash flow statement reveals some concerns, with negative free cash flow in 2025, signaling potential cash management challenges. The free cash flow growth rate was negative, indicating deteriorating free cash flow position. However, the operating cash flow to net income ratio of 2.02 suggests that the company is generating cash from its operations, albeit with pressure on free cash flow. The free cash flow to net income ratio was negative, highlighting the need for better cash management strategies.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.85B	53.35B	38.22B	46.33B	58.61B	40.54B
Gross Profit	15.03B	15.47B	3.79B	7.38B	17.01B	13.34B
EBITDA	5.73B	7.30B	4.65B	7.23B	18.18B	12.22B
Net Income	-214.31M	1.10B	714.97M	3.19B	11.96B	7.91B
Balance Sheet
Total Assets	0.00	109.51B	105.59B	96.18B	65.74B	48.18B
Cash, Cash Equivalents and Short-Term Investments	40.26B	51.07B	36.61B	26.76B	5.24B	6.31B
Total Debt	0.00	44.20B	44.68B	40.85B	12.06B	9.17B
Total Liabilities	-41.18B	68.33B	65.65B	54.11B	27.41B	21.76B
Stockholders Equity	41.18B	41.18B	39.94B	42.08B	38.33B	26.42B
Cash Flow
Free Cash Flow	0.00	-1.03B	-648.64M	-12.60B	3.38B	7.11B
Operating Cash Flow	0.00	2.22B	1.33B	-5.66B	7.24B	9.11B
Investing Cash Flow	0.00	2.76B	-1.03B	-23.69B	-10.78B	-4.43B
Financing Cash Flow	0.00	-4.92B	-443.96M	28.56B	2.59B	-5.34B

Jindal Poly Films Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 480.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDALPOLY, the sentiment is Neutral. The current price of 480.3 is above the 20-day moving average (MA) of 400.98, above the 50-day MA of 456.52, and below the 200-day MA of 555.75, indicating a neutral trend. The MACD of -18.90 indicates Negative momentum. The RSI at 41.01 is Neutral, neither overbought nor oversold. The STOCH value of 74.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:JINDALPOLY.

Jindal Poly Films Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INDOAMIN	63 Neutral	₹8.65B	12.28	―	0.38%	13.01%	32.44%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FILATEX	61 Neutral	₹22.11B	12.53	―	0.49%	1.47%	52.67%
UFLEX	61 Neutral	₹35.41B	9.07	―	0.62%	7.44%	―
JAYNECOIND	59 Neutral	₹73.84B	19.57	―	―	20.00%	1413.14%
POLYPLEX	54 Neutral	₹26.86B	36.66	―	0.79%	5.98%	-52.53%
JINDALPOLY	53 Neutral	₹17.62B	-11.61	―	1.18%	19.84%	-115.35%

Jindal Poly Films Limited Corporate Events

Jindal Poly Films Board Clears Unaudited Q2 and Half-Year FY26 Results

Jindal Poly Films Limited announced that its Board of Directors has approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025, following a meeting held on 31 December 2025. The results, which have undergone a limited review by the company’s statutory auditors in accordance with Indian accounting and SEBI disclosure standards, have been released to the stock exchanges and made available on the company’s website, providing investors and other stakeholders with updated visibility into its financial performance for the first half of the fiscal year.

Jindal Poly Films Board Clears Q2 and Half-Year FY26 Unaudited Results

Jindal Poly Films Limited’s board of directors met on 31 December 2025 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2025, along with the statutory auditors’ limited review reports. The results, which have been prepared in line with SEBI’s listing regulations and Indian Accounting Standards and are now available on the company’s website, reflect the company’s ongoing regulatory compliance as a listed entity and provide investors and other stakeholders with updated visibility into its financial performance for the first half of the financial year.