Jindal Poly Films Limited (JINDALPOLY) AI Stock Analysis

• Market Cap: ₹32.36B
• Dividend Yield: 1.18%
• Average Volume (3M): 22.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: 19.84%
• EPS Growth: -115.35%
• Country: IN
• Employees: 278
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): N/A
• 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: 62 Neutral
• Price Target: ₹783.00 ▲(63.02% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is driven primarily by mixed financial performance: strong revenue growth and a stable balance sheet are offset by thin/volatile margins and negative free cash flow. Technically, momentum is strong but overbought signals increase near-term risk. Valuation is constrained by a negative P/E and only a modest dividend yield.

Positive Factors

Revenue Growth

A 39.6% year-over-year revenue jump indicates durable demand recovery and expanding market penetration. Higher volumes and utilization support scale economies and better fixed-cost absorption, which can sustain operating leverage if specialty film mix and end-market demand remain stable over upcoming quarters.

Core Profitability

A near-29% gross margin and mid-teens EBITDA margin reflect product-level pricing power, especially for value-added films. These margins provide an underlying buffer against feedstock swings, enabling reinvestment into specialty capabilities and supporting long-term profitability if product mix retains higher-margin specialty sales.

Balance Sheet Health

Improved leverage and a solid equity ratio provide a capital cushion to absorb cyclicality in raw material costs. Manageable debt levels enhance financial flexibility for maintenance capex or selective expansion, reducing refinancing risk and supporting multi-quarter operational resilience.

Negative Factors

Thin Profitability

Very low net and EBIT margins leave limited earnings to absorb cost shocks and fund growth. When commodity feedstock or pricing pressure emerges, tiny operating cushions translate into outsized swings in reported profits, constraining internal funding capacity and increasing reliance on efficiency gains to stabilize margins.

Negative Free Cash Flow

Negative free cash flow despite operating cash generation indicates cash conversion issues and potential working-capital strain. Persistent negative FCF forces external financing for capex or debt servicing, limiting strategic flexibility and increasing exposure to funding cost rises over a multi-quarter horizon.

Earnings Volatility

Severely negative EPS growth and prior margin swings point to unstable earnings power. Such volatility undermines forecasting and capital allocation, complicates long-term contracts or investment planning, and raises the risk that short-term adverse cycles materially depress retained earnings and strategic initiatives.

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%) and a stable balance sheet with improved leverage (debt-to-equity 1.07, equity ratio 37.61%), but profitability remains thin/volatile (net margin 2.06%, EBIT margin 0.85%) and 2025 free cash flow is negative, indicating cash conversion 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	Jun 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	53.35B	38.22B	46.33B	58.61B	40.54B
Gross Profit	15.47B	3.79B	7.38B	17.01B	13.34B
EBITDA	7.30B	4.65B	7.23B	18.18B	12.22B
Net Income	1.10B	714.97M	3.19B	11.96B	7.91B
Balance Sheet
Total Assets	109.51B	105.59B	96.18B	65.74B	48.18B
Cash, Cash Equivalents and Short-Term Investments	51.07B	36.61B	26.76B	5.24B	6.31B
Total Debt	44.20B	44.68B	40.85B	12.06B	9.17B
Total Liabilities	68.33B	65.65B	54.11B	27.41B	21.76B
Stockholders Equity	41.18B	39.94B	42.08B	38.33B	26.42B
Cash Flow
Free Cash Flow	-1.03B	-648.64M	-12.60B	3.38B	7.11B
Operating Cash Flow	2.22B	1.33B	-5.66B	7.24B	9.11B
Investing Cash Flow	2.76B	-1.03B	-23.69B	-10.78B	-4.43B
Financing Cash Flow	-4.92B	-443.96M	28.56B	2.59B	-5.34B

Jindal Poly Films Limited Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:JINDALPOLY, the sentiment is Positive. The current price of 480.3 is below the 20-day moving average (MA) of 520.39, above the 50-day MA of 468.66, and below the 200-day MA of 545.29, indicating a bullish trend. The MACD of 63.52 indicates Negative momentum. The RSI at 83.43 is Negative, neither overbought nor oversold. The STOCH value of 93.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
UFLEX	64 Neutral	₹32.88B	25.06	―	0.62%	7.44%	―
INDOAMIN	63 Neutral	₹7.42B	19.71	―	0.38%	13.01%	32.44%
JINDALPOLY	62 Neutral	₹32.36B	-5.55	―	1.18%	19.84%	-115.35%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FILATEX	61 Neutral	₹18.37B	9.87	―	0.49%	1.47%	52.67%
JAYNECOIND	59 Neutral	₹71.54B	28.77	―	―	20.00%	1413.14%
POLYPLEX	54 Neutral	₹25.78B	44.38	―	0.79%	5.98%	-52.53%

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.