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NSE:POLYPLEX

POLYPLEX CORPORATION LTD

Capital Goods › Industrial Products
₹923.50
at close · 28 Oct 2026
▼ 0.50 (-0.05%)
ThemesElectric Vehicles· growing

Latest filings

  1. Quarterly compliance certificate for share dematerialization filed · Compliance
  2. Polyplex Thailand adds 12,000 MT capacity, invests INR 147 Cr · Capex & Operations
  3. Final sale consideration for PDPL acquisition revised upward · Strategic Transactions
All filings ↓
Ask Nexa about POLYPLEX CORPORATION LTD

Snapshot

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

AI · written from filings

Manufactures plastic films used in flexible packaging, with global manufacturing operations. The company reported FY26 revenue of ₹7,085.86 crore, an EBITDA margin of 6.17%, and a net profit of ₹40.93 crore. It runs a differentiated product portfolio it brands as D-PAC across multiple geographies. FY26 sales volumes reached 370,515 metric tonnes, up 23% year-on-year, helped by a new film production line in the USA. In April 2026 it acquired 51% of TechNova Printrite Products Private Limited (TPPPL) to strengthen its digital print media segment, and it continues to hold 51% in Polyplex Thailand (PTL), a Thailand-listed step-down subsidiary, having declined a tender offer from AGPH (Thailand) Ltd on July 1, 2026. Materials make up 61.1% of revenue and are the largest input cost, followed by other operating expenses at 21.4% and employee costs at 10.8%.

Operating scale
FY26 sales volume
370,515 MTFY26
Year-on-year volume growth
23%FY26
US film production line
New line driving FY26 volume growthFY26
Polyplex Thailand (PTL) stake
51% (Thailand-listed step-down subsidiary)FY26
TechNova Printrite Products (TPPPL) stake
51% acquired April 2026 (digital print media)FY26
Product portfolio
D-PAC differentiated films
Who pays it
Buyers of films used in flexible packaging and digital print media applications
Biggest cost
Raw materials at 61.1% of revenue
Kind of business
Asset-heavy, cyclical packaging films manufacturer with global footprint
Where it sits
Operates in the global packaging films industry, with manufacturing in India, a new US film line, and a 51%-owned Thailand-listed subsidiary
Market Cap
₹2,899 Cr
P / E (TTM)
18.7×
EV / EBITDA
4.8×
Div Yield
1.58%
Growth
7.6%▲
Revenue 5y CAGR
PAT -45.6% · EBITDA -19.3%
Quality
7.3%·
ROCE (5y median)
ROE 5.8% (5y median) · margin 6.2%
Leverage
0.13·
Debt / Equity · low
Net debt ₹594 Cr
Revenue FY21→FY26
1.4×▲
Margin −16.9 pts
₹4,918 Cr → ₹7,086 Cr
Cash conversion
1.35×▲
Operating cash ÷ profit · 5 yrs
₹2,792 Cr on ₹2,065 Cr
Moves on a normal day
1.14%·
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/E (TTM)#41/64
P/B#3/61
ROCE#58/68
ROE#53/61
Debt / Equity#19/61
EBITDA margin#24/62
Revenue growth#14/61
Profit growth#9/60

Scorecard

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

Strengths
Debt at 0.13× equity
lower than 70% of its 61 Packaging peers
Over 5 years it reported ₹2,065 Cr of profit and ₹2,792 Cr of operating cash — 1.35×
Profit is converting into cash
Concerns
Profit shrinking over 5 years (−46% a year)
Erratic profits — up in only 2 of the last 5 years
Returns on capital 7.3% (5-year median)
#58 of 68 in Packaging on the latest reported figures · down from 18.9% in FY21

Charts

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

POLYPLEX · 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 POLYPLEX CORPORATION LTD's filed financials and exchange disclosures

What does POLYPLEX CORPORATION LTD do?

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

Is POLYPLEX CORPORATION LTD profitable?

Yes. Over the trailing twelve months POLYPLEX CORPORATION LTD reported a net profit of ₹272 Cr on revenue of ₹7,601 Cr.

Does POLYPLEX CORPORATION LTD pay a dividend?

Yes. The dividend yield is 1.58% at the current price. It paid out 112% of its profit as dividend in FY26.

Is POLYPLEX CORPORATION LTD debt-free?

No. It reported borrowings of ₹917 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹594 Cr after cash. Debt stands at 0.13× equity. That is lower than 70% of its 61 Packaging peers.

Is POLYPLEX CORPORATION LTD expensive compared with its peers?

On trailing P/E, POLYPLEX CORPORATION LTD ranks 41 of 64 in Packaging — cheaper than 37% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.

How much does the POLYPLEX CORPORATION LTD share price move in a day?

On a typical session POLYPLEX CORPORATION LTD moves 1.14% — 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 POLYPLEX CORPORATION LTD's announcements?

Every NSE and BSE filing by POLYPLEX CORPORATION 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.