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Companies›Industrials›Capital Goods›Industrial Products
NSE:ESTER

ESTER INDUSTRIES LTD

Capital Goods › Industrial Products
₹87.00
at close · 28 Oct 2026
▼ 1.40 (-1.58%)

Latest filings

  1. Newspaper notice for physical share transfer window · Compliance
  2. Ester Industries submits demat share details for September 2026 · Compliance
  3. Clarification on significant increase in share trading volume · General
All filings ↓
Ask Nexa about ESTER INDUSTRIES LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures polyester (BOPET) films, polyester chips, specialty polymers and recycled PET (rPET) for packaging and industrial buyers. The business reports two segments: Polyester chips and film, which contributed 82.2% of segment revenue at Rs. 859.16 crore in the period, and Speciality polymers at 17.8% and Rs. 185.97 crore. In Q4 FY26, the Films segment sold 19,656 MT of BOPET film with EBIT margin of 13%; value-added (VAS) films were 25% of film sales, targeted to reach 60%+ within 2-3 years. Specialty Polymers delivered FY26 revenue of Rs. 179.3 crore (+16% YoY) with 32.7% EBIT margins on volumes of 3,836 MT, while rPET volumes surged 258% YoY to 5,325 MT following commissioning of a 20,000 MTPA extruder in Hyderabad. FY26 consolidated revenue stood at Rs. 1,375.19 crore with an EBITDA margin of 8.04%, and materials were the dominant cost at 65.7% of revenue. Management guides to INR200 crore of specialty polymer revenue and Rs. 70 crore of capex in FY27, alongside debt reduction, and points to a Q4 CY28 chemical-recycling joint venture targeting ~USD 150 million revenue at 40-45% EBITDA margins.

Revenue mix · reported segments
Polyester chips and film82.2%
Speciality polymers17.8%
Operating scale
BOPET film volumes (Q4 FY26)
19,656 MTQ4 FY26
Specialty polymer volumes (FY26)
3,836 MTFY26
rPET volumes (FY26)
5,325 MTFY26
Hyderabad rPET extruder capacity
20,000 MTPAFY26
Q4 FY26 Films EBIT margin
13%Q4 FY26
Specialty polymers EBIT margin (FY26)
32.7%FY26
Who pays it
Flexible packaging converters and FMCG customers for BOPET films; industrial buyers for specialty polymers
Biggest cost
Raw materials at 65.7% of revenue
Kind of business
Cyclical, asset-heavy petrochemicals and packaging
Where it sits
Operates in the Indian BOPET industry running at ~80% utilization with demand growing 8-10% annually, supported by PWMR-mandated shift from BOPP/BOPE to BOPET for PCR compliance
Market Cap
₹907 Cr
P / E (TTM)
—
EV / EBITDA
11.6×
Div Yield
0.65%
Growth
6.8%▲
Revenue 5y CAGR
PAT — · EBITDA -14.3%
Quality
4.4%·
ROCE (5y median)
ROE 1.8% (5y median) · margin 8.0%
Leverage
0.93·
Debt / Equity · moderate
Net debt ₹728 Cr
Revenue FY21→FY26
1.4×▲
Margin −15.9 pts
₹992 Cr → ₹1,375 Cr
Cash conversion
2.62×▲
Operating cash ÷ profit · 5 yrs
₹364 Cr on ₹139 Cr
Moves on a normal day
1.15%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 72 Packaging peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#27/61
ROCE#62/68
ROE#59/61
Debt / Equity#49/61
EBITDA margin#26/62
Revenue growth#16/61
Profit growth#10/60

Scorecard

Measured from the filed financials, judged against its Packaging peers · as of FY26 — not investment advice

Strengths
Over 5 years it reported ₹139 Cr of profit and ₹364 Cr of operating cash — 2.62×
Profit is converting into cash
Concerns
Erratic profits — up in only 2 of the last 5 years
Returns on capital 4.4% (5-year median)
#62 of 68 in Packaging on the latest reported figures · down from 30.2% in FY21
Carries more debt than its peers — 0.93× equity
higher than 80% of its 61 Packaging peers

Charts

How has the market priced it — with filings on the timeline?

ESTER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from ESTER INDUSTRIES LTD's filed financials and exchange disclosures

What does ESTER INDUSTRIES LTD do?

ESTER INDUSTRIES LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol ESTER.

Is ESTER INDUSTRIES LTD profitable?

No. Over the trailing twelve months ESTER INDUSTRIES LTD reported a net loss of ₹1.70 Cr on revenue of ₹1,469 Cr.

Does ESTER INDUSTRIES LTD pay a dividend?

Yes. The dividend yield is 0.65% at the current price.

Is ESTER INDUSTRIES LTD debt-free?

No. It reported borrowings of ₹729 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹728 Cr after cash. Debt stands at 0.93× equity. That is higher than 80% of its 61 Packaging peers.

How much does the ESTER INDUSTRIES LTD share price move in a day?

On a typical session ESTER INDUSTRIES LTD moves 1.15% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track ESTER INDUSTRIES LTD's announcements?

Every NSE and BSE filing by ESTER INDUSTRIES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.