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%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Packaging films (D-PAC differentiated portfolio), Digital print media. Asset-heavy, cyclical packaging films manufacturer with global footprint
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 6,624 | 7,652 | 6,307 | 6,885 | 7,086 |
| EBITDA (ex other income) | 1,308 | 947 | 365 | 696 | 349 |
| margin % | 19.7 | 12.4 | 5.8 | 10.1 | 4.9 |
| Owners' profit | 569 | 348 | 38 | 209 | 45 |
| EPS, as reported (₹) | 181.19 | 110.97 | 12.05 | 66.64 | 14.32 |
| ROE % · ROCE % | 18.1 · 19.6 | 10.7 · 11.9 | 1.5 · 1.9 | 5.8 · 7.3 | 0.6 · 1.0 |
| Debt / equity (x) | 0.18 | 0.14 | 0.13 | 0.14 | 0.13 |
| Cash from operations | 560 | 802 | 455 | 438 | 537 |
| Capex | (402) | (273) | (517) | (503) | (405) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,739 | 1,721 | 1,740 | 1,739 | 1,794 | 1,682 | 1,871 | 2,254 |
| Profit before tax | 202 | 142 | (6) | (71) | 23 | 25 | 43 | 211 |
| Net profit | 164 | 105 | (9) | (60) | 34 | 30 | 38 | 171 |
| EPS (₹) | 27.97 | 18.40 | 3.22 | (6.15) | 7.87 | 4.70 | 7.90 | 29.00 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EPL LIMITED | 7,674 | 15.7 | 2.68 | 8.3 | 13.7 | 13.6 | 9.0 | 19.1 |
| AGI GREENPAC LIMITED | 4,943 | 13.7 | 2.05 | 7.5 | 14.6 | 16.5 | — | 23.4 |
| UFLEX LIMITED | 4,730 | 6.9 | 0.58 | 6.9 | 3.9 | 2.7 | 11.6 | 17.1 |
| POLYPLEX CORPORATION LTD ◆ | 3,541 | 22.8 | 0.50 | 9.5 | 0.6 | 0.3 | 7.6 | 14.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · All resolutions passed at 41st AGM; final dividend of Re 1 per share approved | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Polyplex AGM presentation filed - Q1 FY27 shows margin recovery | investor communications | medium | — | — |
| 8 Sept 2026 · Polyplex Corporation holds 41st AGM; final dividend of INR 1.00 per share declared | board shareholder meetings | low | — | — |
| 17 Aug 2026 · Polyplex submits newspaper notice for 41st AGM and Annual Report dispatch | compliance | minimal | — | — |
| 13 Aug 2026 · Polyplex Q1 FY27 results: Revenue $238mn, EBITDA $38mn, 16% margin | investor communications | medium | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue up but standalone profit dips | results | high | — | — |
| 6 Aug 2026 · Tender offer for Polyplex Thailand subsidiary closes | strategic transactions | high | — | — |
| 6 Aug 2026 · Polyplex Corporation fixes 41st AGM on September 8, 2026 via video conferencing | compliance | minimal | — | — |
| 1 Aug 2026 · Board Meeting on Aug 11, 2026 to Consider Q1 FY27 Results | results | low | — | — |
| 24 Jul 2026 · Polyplex Corporation fixes AGM on Sept 8, 2026; Re 1 dividend record date | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| TCPL PACKAGING LIMITED | 3,515 | 30.4 | 4.89 | 13.4 | 13.6 | 13.0 | 15.4 | 17.8 |
| XPRO INDIA LIMITED | 3,028 | 91.7 | 3.79 | 64.6 | 2.4 | 2.8 | 6.2 | 11.4 |
| JINDAL POLY FILMS LIMITED | 2,936 | 143.6 | 0.72 | 10.0 | 0.6 | 0.8 | 8.5 | 23.0 |
| COSMO FIRST LIMITED | 2,294 | 13.6 | 1.42 | 8.0 | 9.6 | 6.4 | 9.8 | 12.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 22.8 | 17.6 | 45 of 69 | 35% |
| P/B | 0.5 | 1.4 | 4 of 61 | 95% |
| ROCE | 0.3 | 7.3 | 61 of 71 | 14% |
| ROE | 0.6 | 6.8 | 57 of 66 | 14% |
| Debt / Equity | 0.1 | 0.3 | 24 of 66 | 65% |
| EBITDA margin | 14.3 | 12.1 | 24 of 62 | 62% |
| Revenue growth | 29.6 | 14.0 | 14 of 61 | 78% |
| Profit growth | 386.0 | 23.4 | 9 of 60 | 86% |
| Market cap | 3541 | 131 | 4 of 73 | 96% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
