Polyplex Corporation Limited (IN:POLYPLEX)
:POLYPLEX
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Polyplex Corporation Limited
(POLYPLEX)
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Rating:54Neutral
Price Target:
₹794.00
▼(-6.05% Downside)
Action:ReiteratedDate:11/19/25
The overall stock score for Polyplex Corporation Limited is primarily influenced by its financial performance and technical analysis. The company has a strong balance sheet but faces challenges in profitability and cash flow. Technical indicators suggest bearish momentum, and the valuation indicates potential overvaluation. These factors contribute to a cautious outlook on the stock.
Positive Factors
Strong equity backing
A robust equity ratio and moderate debt-to-equity indicate a conservative capital structure that provides long-term financial stability. This backing reduces refinancing risk, supports funding for maintenance and selective expansion, and cushions the business through cyclicality in packaging and industrial end markets.
Negative Factors
Declining profitability margins
Falling gross and net margins point to sustained margin pressure from either higher input costs, pricing competition, or adverse product mix. If not reversed via efficiency gains or higher-value sales, margin erosion will materially impair earnings power and limit reinvestment and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong equity backing
A robust equity ratio and moderate debt-to-equity indicate a conservative capital structure that provides long-term financial stability. This backing reduces refinancing risk, supports funding for maintenance and selective expansion, and cushions the business through cyclicality in packaging and industrial end markets.
Read all positive factors
Polyplex Corporation Limited (POLYPLEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹24.42B
Dividend Yield0.79%
Average Volume (3M)2.90K
Price to Earnings (P/E)44.4
Beta (1Y)1.08
Revenue Growth5.98%
EPS Growth-52.53%
CountryIN
Employees534
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)4.70
Shares Outstanding31,392,462
10 Day Avg. Volume2,964
30 Day Avg. Volume2,896
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.99
Price to Sales (P/S)0.54
P/FCF Ratio-45.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Polyplex Corporation Limited Business Overview & Revenue Model
Company Description
Polyplex Corporation Limited manufactures and sells polyester (PET) films primarily for flexible packaging in India and internationally. The company offers Sarafil base films, including biaxially-oriented (BO) PET films for use in packaging, elect...
How the Company Makes Money
Polyplex makes money primarily by manufacturing and selling polyester films—especially BOPET film—into packaging and industrial end markets. Revenue is generated from (1) sales of standard and specialty film grades (e.g., plain, coated, metallized...
Polyplex Corporation Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.93B | 68.85B | 62.94B | 76.40B | 66.07B | 49.03B |
| Gross Profit | 18.68B | 11.85B | 14.65B | 20.86B | 24.61B | 20.29B |
| EBITDA | 4.65B | 7.91B | 4.22B | 10.42B | 14.36B | 12.76B |
| Net Income | 732.70M | 2.09B | 378.32M | 3.48B | 5.69B | 5.12B |
Balance Sheet | ||||||
| Total Assets | 86.16B | 79.98B | 74.31B | 73.97B | 72.46B | 61.77B |
| Cash, Cash Equivalents and Short-Term Investments | 10.89B | 8.45B | 7.85B | 10.98B | 10.39B | 10.15B |
| Total Debt | 9.68B | 8.82B | 7.48B | 7.99B | 9.46B | 6.95B |
| Total Liabilities | 19.24B | 17.77B | 16.20B | 16.27B | 19.23B | 13.68B |
| Stockholders Equity | 40.40B | 37.63B | 35.11B | 34.83B | 33.16B | 30.53B |
Cash Flow | ||||||
| Free Cash Flow | 622.80M | -823.10M | -619.32M | 5.29B | 1.58B | 5.73B |
| Operating Cash Flow | 3.08B | 4.20B | 4.55B | 8.02B | 5.60B | 11.02B |
| Investing Cash Flow | -1.78B | -5.12B | -7.96B | -1.15B | 10.61M | -4.36B |
| Financing Cash Flow | -182.70M | 192.10M | -1.52B | -6.57B | -2.32B | -6.60B |
Polyplex Corporation Limited Technical Analysis
Negative
845.10
Price Trends
836.06
Negative
843.09
Negative
967.26
Negative
Market Momentum
-5.79
Positive
40.64
Neutral
16.09
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:POLYPLEX, the sentiment is Negative. The current price of 845.1 is above the 20-day moving average (MA) of 825.96, above the 50-day MA of 836.06, and below the 200-day MA of 967.26, indicating a bearish trend. The MACD of -5.79 indicates Positive momentum. The RSI at 40.64 is Neutral, neither overbought nor oversold. The STOCH value of 16.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:POLYPLEX.
Polyplex Corporation Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ₹24.71B | 13.17 | ― | ― | 10.26% | 46.49% | |
65 Neutral | ₹34.83B | 37.48 | ― | 0.30% | 0.14% | 2.95% | |
65 Neutral | ₹43.05B | -46.40 | ― | 3.11% | 10.35% | ― | |
62 Neutral | ₹34.10B | -5.55 | ― | 1.18% | 19.84% | -115.35% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹25.94B | 25.06 | ― | 0.62% | 7.44% | ― | |
54 Neutral | ₹24.42B | 44.38 | ― | 0.79% | 5.98% | -52.53% |
* Basic Materials Sector Average
IN:POLYPLEX
Polyplex Corporation Limited
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Polyplex Corporation Limited Corporate Events
Polyplex to Acquire 26% Stake in SPV for Solar Power at Uttarakhand Plants
Mar 25, 2026
Polyplex Corporation Limited’s board has approved an investment of up to Rs. 110 lakh in equity shares of BECIS Solar 1 Private Limited, a Pune-based special purpose vehicle set up to develop solar power projects for the company. The deal wi...
Polyplex to Acquire 49% Stake in Solar SPV to Power Uttarakhand Plants
Mar 25, 2026
Polyplex Corporation Limited has approved an investment of up to Rs. 1,100 lakh for acquiring around 49% equity in Clean Max Neht Private Limited, a Mumbai-based special purpose vehicle in the renewable energy sector. The stake will support a sola...
India Ratings Affirms High-Grade Credit Ratings for Polyplex Bank Facilities
Mar 10, 2026
India Ratings and Research has affirmed and assigned high-grade credit ratings to Polyplex Corporation Limited’s bank loan facilities, covering term loans and fund-based working capital limits totaling about INR 8.67 billion. The facilities ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.