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Styrenix Performance Materials Ltd
(STYRENIX)
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Rating:54Neutral
Price Target:
₹1,840.00
▼(-21.80% Downside)
Action:Reiterated
Date:10/29/26
The score is held back primarily by weak cash-flow quality and a clear technical downtrend (price below key moving averages with negative MACD). Offsetting these risks, FY2026 financial performance shows a strong rebound with improved margins and moderate leverage, and valuation is relatively attractive (P/E ~11.6 with ~2.55% yield).
Positive Factors
Revenue and margin rebound
The sharp FY2026 recovery shows that the company can regain scale and profitability when operating conditions improve. Higher revenue and margins strengthen internal funding capacity, support reinvestment in performance materials, and improve its ability to serve industrial customers over the next several quarters.
Negative Factors
Weak cash conversion
Free cash flow converting at only about 14% of net income means reported profits are not translating efficiently into cash after investment needs. If this persists, the company may have less internally generated funding for expansion, shareholder distributions, or resilience through weaker operating periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin rebound
The sharp FY2026 recovery shows that the company can regain scale and profitability when operating conditions improve. Higher revenue and margins strengthen internal funding capacity, support reinvestment in performance materials, and improve its ability to serve industrial customers over the next several quarters.
Read all positive factors
Styrenix Performance Materials Ltd (STYRENIX) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.75B
Dividend Yield2.63%
Average Volume (3M)1.36K
Price to Earnings (P/E)12.3
Beta (1Y)0.45
Revenue Growth9.70%
EPS Growth25.33%
CountryIN
Employees496
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)57.36
Shares Outstanding17,585,625
10 Day Avg. Volume1,842
30 Day Avg. Volume1,363
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)2.37
Price to Sales (P/S)0.94
P/FCF Ratio125.58
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)157.7
Revenue Forecast (FY)₹37.47B
Styrenix Performance Materials Ltd Business Overview & Revenue Model
Company Description
Styrenix Performance Materials Limited is an Indian company dedicated to the production, marketing, and distribution of engineering thermoplastics. Its extensive product range includes Absolac, a plastic resin widely used in automotive interior an...
How the Company Makes Money
STYRENIX primarily makes money by manufacturing and selling styrene-based polymer resins and performance materials to industrial customers. Its main revenue stream is product sales (B2B) where it supplies polymer grades tailored to end uses such a...
Styrenix Performance Materials Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 17.39B | 34.38B | 29.82B |
| Gross Profit | 4.75B | 9.33B | 53.03M |
| EBITDA | 1.80B | 3.57B | 3.63B |
| Net Income | 1.01B | 1.83B | 27.49M |
Balance Sheet | |||
| Total Assets | 22.95B | 24.83B | 267.87M |
| Cash, Cash Equivalents and Short-Term Investments | 329.40M | 1.68B | 1.08B |
| Total Debt | 5.49B | 5.48B | 3.97B |
| Total Liabilities | 10.50B | 11.16B | 131.37M |
| Stockholders Equity | 12.46B | 13.66B | 11.68B |
Cash Flow | |||
| Free Cash Flow | -5.24B | 257.90M | -3.82B |
| Operating Cash Flow | -380.00M | 1.83B | 543.50M |
| Investing Cash Flow | -1.44B | -1.71B | -10.01M |
| Financing Cash Flow | 1.70B | -396.90M | 9.06M |
Styrenix Performance Materials Ltd Technical Analysis
Negative
2353.00
Price Trends
2037.90
Negative
2159.88
Negative
2091.96
Negative
Market Momentum
-53.37
Positive
29.23
Positive
31.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:STYRENIX, the sentiment is Negative. The current price of 2353 is above the 20-day moving average (MA) of 1988.58, above the 50-day MA of 2037.90, and above the 200-day MA of 2091.96, indicating a bearish trend. The MACD of -53.37 indicates Positive momentum. The RSI at 29.23 is Positive, neither overbought nor oversold. The STOCH value of 31.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:STYRENIX.
Styrenix Performance Materials Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹22.19B | 6.72 | ― | 0.78% | 12.01% | 23.71% | |
60 Neutral | ₹39.71B | 59.87 | ― | 3.27% | 7.07% | ― | |
59 Neutral | ₹445.17B | 56.30 | ― | 0.17% | 42.43% | 115.65% | |
57 Neutral | ₹11.77B | 21.82 | ― | 0.99% | 1.41% | 946.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹30.75B | 12.34 | ― | 2.63% | 9.70% | 25.33% | |
54 Neutral | ₹207.25B | 19.51 | ― | 0.49% | 25.13% | 99.89% |
* General Sector Average
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Styrenix Performance Materials Ltd Corporate Events
Styrenix Files Scrutinizer’s Report and Voting Results for 53rd AGM
Aug 27, 2026
Styrenix Performance Materials has notified stock exchanges that it has submitted the scrutinizer’s report and detailed voting results for its 53rd Annual General Meeting held on August 27, 2026. The company confirmed that the voting outcome...
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.