Polyplex Corporation Ltd
- P/E
- 18x
- 52-week range
- 740 – 1,264
- ROE
- 1%
- ROCE
- 1%
- Sector
- Industrial Products
- Industry
- Packaging
- Listed on
- NSE, BSE
About
Polyplex Corporation Limited is engaged in the manufacturing of plastic films. It offers a range of plastic films across various substrates, such as BOPET (thin & thick), biaxially oriented polypropylene (BOPP), cast polypropylene (CPP) and blown polypropylene (PP)/Polyplex Europa (PE). Its products include Saracote, Saraprint, Saralam, and Sarafil. Saracote base films are used in labels, tapes, and roofing shingle. Saraprint films are used for various applications, such as general commercial printing, photo albums, durable displays, certificates, product catalogs, company brochures, signage, posters, the graphic industry, visiting cards, menu cards, flexible packaging. Saralam range of extrusion coated film products are used in thermal lamination products like book covers, identity cards, and carton lamination. Sarafil base films have high heat resistance. Its manufacturing plants are located in India, Thailand, Indonesia, Turkey and the United States with worldwide distribution.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Packaging: 96 companies →Polyplex Corporation Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)18 against a typical 18: in line than most peers (1st = cheapest).48th of 95
- Sales growth+29.6% against a typical +22.9% from a year earlier.28th of 74
- Share price, 3 months−17.6% against a typical −1.8%.71st of 87
Latest announcements
Exchange filings and their impact on the company.
- Polyplex proposes new BOPP line in Thailand, a medium growth capex with no revenue for 12 months.
Polyplex Corporation disclosed a proposed capacity addition of a BOPP machine by its material subsidiary Polyplex Thailand on 7 Oct 2026. No investment amount, capacity or timeline was available in the extracted text. It is a growth investment that will raise capex and likely debt over the next 12 months with revenue benefits only after commissioning beyond a year.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA-; IND A1+ | Stable | 9 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Mar 2026 | Reaffirmed | IND AA- | — | India Ratings | ₹ 867 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026. |
| 23 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 13 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and Interim dividend for FY 2025-26 |
| 12 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 28 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,572 | 1,496 | 1,679 | 1,686 | 1,739 | 1,721 | 1,740 | 1,739 | 1,794 | 1,682 | 1,871 | 2,254 |
| Expenses | 1,451 | 1,446 | 1,582 | 1,522 | 1,548 | 1,600 | 1,676 | 1,739 | 1,692 | 1,577 | 1,783 | 1,957 |
| Operating Profit | 121 | 50 | 97 | 164 | 191 | 121 | 64 | −1 | 103 | 105 | 88 | 296 |
| OPM % | 8% | 3.3% | 6% | 10% | 11% | 7% | 3.7% | 0% | 6% | 6% | 4.7% | 13% |
| Other Income | 24 | 45 | 17 | 26 | 100 | 107 | 18 | 30 | 23 | 27 | 62 | 25 |
| Interest | 10 | 10 | 10 | 13 | 11 | 12 | 11 | 14 | 13 | 13 | 13 | 17 |
| Depreciation | 75 | 75 | 82 | 70 | 79 | 76 | 76 | 86 | 89 | 94 | 94 | 94 |
| Profit before tax | 59 | 8 | 21 | 107 | 202 | 142 | −6 | −71 | 23 | 25 | 43 | 211 |
| Tax % | 18% | −102% | −48% | 10% | 19% | 26% | 54% | −15% | −43% | −19% | 12% | 19% |
| Net Profit | 48 | 17 | 31 | 97 | 164 | 105 | −9 | −60 | 34 | 30 | 38 | 171 |
| EPS in Rs | 8.9 | 1.47 | 2.68 | 17.05 | 27.97 | 18.4 | 3.22 | −6.15 | 7.87 | 4.7 | 7.9 | 29 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 8%
- 3 Years
- −3%
- TTM
- 10%
- 10 Years
- 1%
- 5 Years
- −39%
- 3 Years
- −49%
- TTM
- 14%
- 10 Years
- 15%
- 5 Years
- −4%
- 3 Years
- 2%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 7%
- 3 Years
- 3%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Polyplex Corporation Ltd | ₹ 924.00 | — | 18x | — | 1% | — |
| Supreme Industries | ₹ 3,450.00 | ₹ 43,824 Cr. | 44.7x | 6.9x | 0% | 0% |
| Astral | ₹ 1,353.00 | ₹ 36,348 Cr. | 68.6x | 9.3x | 0% | 0% |
| Garware Hi-Tech Films | ₹ 7,037.90 | ₹ 16,351 Cr. | 47.5x | 6.1x | 0% | 0% |
| PG Electroplast | ₹ 472.00 | ₹ 13,535 Cr. | 79.8x | 5.1x | 0% | 0% |
| Tega Industries | ₹ 1,721.60 | ₹ 12,919 Cr. | 84.2x | 3.8x | 0% | 0% |
Management
- Pranay Kothari
- Chief Executive Officer, Executive Director
- Manish Gupta
- Chief Financial Officer
- Ashok Kumar Gurnani
- Compliance Officer, Company Secretary
- Rakesh Agarwal
- Business Head
- Subash Chand
- Plant Head - Thailand
- Ashish K. Ghosh
- Sales and Marketing Head - Thailand and Indonesia
- Ramesh K. Gupta
- Business Head - Saralam
- Ravindra Kumar Gupta
- Plant Head - India
Prices are delayed and for information only. Nothing on this page is investment advice.