Styrenix Performance Materials Ltd (STYRENIX) AI Stock Analysis

Styrenix Performance Materials Ltd

(NSE:STYRENIX)

Select Model

Rating:68Neutral

Price Target:INR 1,967.00▲(12.47% Upside)

Action:reiterated

Date:10/29/26

Styrenix Performance Materials earns a moderate overall score, reflecting a stark divergence between highly attractive fundamental value and deeply negative technical momentum. The strongest positive factors are its compelling financial turnaround, underscored by robust net income growth, and an appealing valuation with a P/E of 11.62 and a 2.55% dividend yield. However, the stock is heavily penalized by technical weakness, as it trades well below all major moving averages in a clear downtrend. This presents a scenario of strong underlying fundamentals overshadowed by near-term bearish market sentiment.

Positive Factors

Revenue and margin reboundThe 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 conversionFree 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.

Styrenix Performance Materials Ltd (STYRENIX) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 31.02B
Dividend Yield: 2.63%
Average Volume (3M): 4,321
Price to Earnings (P/E): 12.3
Beta (1Y): 0.45
Revenue Growth: 9.70%
EPS Growth: 25.33%
Country: India
Employees: 496
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

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 and e...

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 as r...

Styrenix Performance Materials Ltd Financial Statement Overview

Summary

The company exhibits a strong financial turnaround characterized by massive net income growth, significant gross margin expansion, and a well-capitalized balance sheet with a low debt-to-equity ratio of 0.40. Cash flow has also recovered strongly, though free cash flow conversion from net income remains relatively low, indicating heavy capital reinvestment.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

72Positive

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price1748.85

Price Trends

50DMA2029.69Negative

100DMA2156.15Negative

200DMA2091.14Negative

Market Momentum

MACD-64.49Positive

RSI25.59Positive

STOCH18.16Positive

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 1748.85 is below the 20-day moving average (MA) of 1975.48, below the 50-day MA of 2029.69, and below the 200-day MA of 2091.14, indicating a bearish trend. The MACD of -64.49 indicates Positive momentum. The RSI at 25.59 is Positive, neither overbought nor oversold. The STOCH value of 18.16 is Positive, 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

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:STYRENIX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:STYRENIX	68Neutral	INR 30.75B	12.34	―	2.63%	9.70%	25.33%
IN:INDIAGLYCO	67Neutral	INR 22.19B	6.71	―	0.78%	12.01%	23.71%
IN:VALIANTORG	64Neutral	INR 11.77B	21.82	―	―	1.41%	946.41%
IN:NAVINFLUOR	59Neutral	INR 445.17B	56.30	―	0.17%	45.68%	100.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DEEPAKNTR	55Neutral	INR 207.25B	19.51	―	0.49%	25.13%	99.89%
IN:GUJALKALI	54Neutral	INR 39.71B	59.87	―	3.27%	7.07%	―

* General Sector Average

Performance Comparison

IN:STYRENIX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:STYRENIX	Styrenix Performance Materials Ltd	1748.85	-602.75	-25.63%
IN:DEEPAKNTR	Deepak Nitrite Limited	1519.50	-208.95	-12.09%
IN:GUJALKALI	Gujarat Alkalies & Chemicals Ltd.	540.75	-6.20	-1.13%
IN:INDIAGLYCO	India Glycols Limited	331.05	123.45	59.47%
IN:NAVINFLUOR	Navin Fluorine International Limited	8676.35	2788.32	47.36%
IN:VALIANTORG	Valiant Organics Limited	419.85	114.85	37.66%

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 outcomes,...

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.

Date of analysis: Oct 29, 2026

Styrenix Performance Materials Ltd AI Stock Analysis