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Polyplex Corporation Limited
(POLYPLEX)
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Rating:56Neutral
Price Target:
₹1,181.00
▲(4.50% 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, conservative leverage gives Polyplex financial resilience through the cyclical specialty-films market. The modest debt burden can preserve borrowing capacity for operational needs or growth investment, while reducing the pressure that interest obligations place on earnings and cash flow.
Negative Factors
Severe Margin Compression
The sustained decline in gross and net margins shows that revenue recovery is not yet translating into comparable earnings power. Weaker pricing spreads, product mix, or higher costs could continue to limit profitability, leaving the business more sensitive to changes in film prices and input economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Stable, conservative leverage gives Polyplex financial resilience through the cyclical specialty-films market. The modest debt burden can preserve borrowing capacity for operational needs or growth investment, while reducing the pressure that interest obligations place on earnings and cash flow.
Read all positive factors
Polyplex Corporation Limited (POLYPLEX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹36.89B
Dividend Yield0.26%
Average Volume (3M)4.83K
Price to Earnings (P/E)23.2
Beta (1Y)1.00
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. Volume3,238
30 Day Avg. Volume4,835
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 Technical Analysis
Neutral
1130.15
Price Trends
1122.95
Positive
1021.81
Positive
926.73
Positive
Market Momentum
14.59
Positive
47.29
Neutral
38.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:POLYPLEX, the sentiment is Neutral. The current price of 1130.15 is below the 20-day moving average (MA) of 1178.65, above the 50-day MA of 1122.95, and above the 200-day MA of 926.73, indicating a neutral trend. The MACD of 14.59 indicates Positive momentum. The RSI at 47.29 is Neutral, neither overbought nor oversold. The STOCH value of 38.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:POLYPLEX.
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 | ₹161.27B | 41.78 | ― | 0.17% | 6.02% | 19.02% | |
83 Outperform | ₹752.06B | 34.58 | ― | 0.40% | 12.98% | 51.08% | |
71 Outperform | ₹9.57B | 27.11 | ― | 0.17% | 19.33% | 33.81% | |
65 Neutral | ₹5.03B | 11.64 | ― | 1.56% | 5.48% | 35.53% | |
56 Neutral | ₹36.89B | 23.24 | ― | 0.26% | 9.55% | 13.87% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | ₹30.50B | -3.02 | ― | 0.86% | -58.49% | -4442.37% |
* General Sector Average
IN:POLYPLEX
Polyplex Corporation Limited
1,147.00
134.97
13.34%
IN:GRWRHITECH
Garware Hi-Tech Films Limited
6,973.50
3,959.62
131.38%
IN:JINDALPOLY
Jindal Poly Films Limited
686.05
106.71
18.42%
IN:PLASTIBLEN
Plastiblends India Limited
192.55
2.75
1.45%
IN:PREMIERPOL
Premier Polyfilm Limited
90.08
41.92
87.04%
IN:SRF
Srf Limited
2,527.85
-393.55
-13.47%
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.