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Polyplex Corporation Limited
(POLYPLEX)
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Rating:56Neutral
Price Target:
₹1,216.00
▲(7.60% Upside)
Action:Reiterated
Date:06/25/26
The score is driven primarily by weakened profitability and inconsistent cash conversion despite a resilient, low-leverage balance sheet. Technicals are supportive with a clear uptrend, but overbought signals temper the outlook. Valuation is a notable headwind given the very high P/E and low dividend yield.
Positive Factors
Conservative Leverage
Stable, low leverage gives Polyplex resilience through cyclical film pricing and demand conditions. It also preserves borrowing capacity for maintenance, efficiency projects, or specialty-film investments without excessive balance-sheet strain.
Negative Factors
Severe Margin Compression
The sustained decline in gross and operating margins signals weaker film pricing spreads, higher input costs, or unfavorable mix. Persistently thin margins could limit earnings recovery even if revenue and production volumes continue improving.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Stable, low leverage gives Polyplex resilience through cyclical film pricing and demand conditions. It also preserves borrowing capacity for maintenance, efficiency projects, or specialty-film investments without excessive balance-sheet strain.
Read all positive factors
Polyplex Corporation Limited (POLYPLEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹38.02B
Dividend Yield0.55%
Average Volume (3M)2.90K
Price to Earnings (P/E)24.5
Beta (1Y)0.99
Revenue Growth9.55%
EPS Growth13.87%
CountryIN
Employees534
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)49.47
Shares Outstanding31,392,462
10 Day Avg. Volume2,964
30 Day Avg. Volume2,896
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)0.55
Price to Sales (P/S)0.33
P/FCF Ratio20.11
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, established in Noida, India in 1984, is a global manufacturer and distributor specializing in polyester (PET) films, primarily catering to the flexible packaging industry. The company's diverse product portfolio inclu...
How the Company Makes Money
Polyplex makes money mainly by manufacturing and selling PET-based films and related specialty film products. Its core revenue stream is the sale of biaxially oriented polyester (BOPET) films (and other film variants where applicable) to customers...
Polyplex Corporation Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 76.01B | 70.86B | 68.85B | 62.94B | 76.40B | 66.07B |
| Gross Profit | 12.42B | 10.28B | 11.85B | 14.65B | 20.86B | 24.61B |
| EBITDA | 6.72B | 6.40B | 7.91B | 4.22B | 10.42B | 14.36B |
| Net Income | 1.55B | 449.50M | 2.09B | 378.32M | 3.48B | 5.69B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 89.14B | 79.98B | 74.31B | 73.97B | 72.46B |
| Cash, Cash Equivalents and Short-Term Investments | 10.59B | 10.59B | 8.45B | 7.85B | 10.98B | 10.39B |
| Total Debt | 0.00 | 9.35B | 8.82B | 7.48B | 7.99B | 9.46B |
| Total Liabilities | -70.37B | 18.77B | 17.77B | 16.20B | 16.27B | 19.23B |
| Stockholders Equity | 70.37B | 42.40B | 37.63B | 35.11B | 34.83B | 33.16B |
Cash Flow | ||||||
| Free Cash Flow | 622.80M | 1.17B | -823.10M | -619.32M | 5.29B | 1.58B |
| Operating Cash Flow | 3.08B | 5.22B | 4.20B | 4.55B | 8.02B | 5.60B |
| Investing Cash Flow | -1.78B | -5.48B | -5.12B | -7.96B | -1.15B | 10.61M |
| Financing Cash Flow | -182.70M | -792.40M | 192.10M | -1.52B | -6.57B | -2.32B |
Polyplex Corporation Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ₹163.17B | 42.11 | ― | 0.37% | 6.02% | 19.02% | |
83 Outperform | ₹773.79B | 35.87 | ― | 0.34% | 12.98% | 51.08% | |
71 Outperform | ₹8.75B | 25.03 | ― | 0.19% | 19.33% | 33.84% | |
65 Neutral | ₹4.99B | 11.67 | ― | 1.53% | 5.48% | 35.53% | |
56 Neutral | ₹38.02B | 24.48 | ― | 0.58% | 9.55% | 13.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹29.13B | -2.75 | ― | 0.92% | -58.49% | -4442.37% |
* General Sector Average
IN:POLYPLEX
Polyplex Corporation Limited
1,181.05
130.51
12.42%
IN:GRWRHITECH
Garware Hi-Tech Films Limited
7,081.80
4,171.51
143.34%
IN:JINDALPOLY
Jindal Poly Films Limited
645.75
127.45
24.59%
IN:PLASTIBLEN
Plastiblends India Limited
190.20
-0.68
-0.36%
IN:PREMIERPOL
Premier Polyfilm Limited
86.67
37.37
75.80%
IN:SRF
Srf Limited
2,630.00
-284.43
-9.76%
Polyplex Corporation Limited Corporate Events
Polyplex posts unaudited June-quarter 2026 results, clears regulatory review
Aug 11, 2026
Polyplex Corporation Limited has reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following approval by its board of directors on August 11, 2026. The results, prepared under Indian accounti...
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.