POLYPLEX

Polyplex Corporation share price & financials

Price
₹951.1
Market cap
₹3.6k Cr

What Polyplex Corporation Limited does

Polyplex Corporation manufactures and sells plastic film substrates — BOPET (thin and thick), BOPP, CPP and blown PP/PE — that converters, CPGs and OEMs use in flexible packaging, electrical & electronic, and industrial applications. It runs a backward-integrated model with captive PET resin (including mechanically and chemically recycled resin) at every base-film manufacturing location, and forward-integrates into metallizing, coating, holography and digital-print processes to sell higher-value downstream films. The company sells to a global, diversified customer base of converters and brand owners through its own manufacturing-linked sales and distribution network across Asia, Europe and North America, positioning itself on cost leadership plus a growing share of differentiated (D-PAC) specialty film sales.

Manufacturing facilities
8 facilities across 5 countries (India, Thailand, Indonesia, Turkey, USA)
Global market position
Ranked #2 globally (ex-China) in Thin BOPET film capacity
Installed base-film capacity
~492,000 MTPA (of which BOPET films: ~365,000 MTPA)
Installed PET resin capacity
~495,200 MTPA, captive at every manufacturing location
Customer base
~2,925 customers
Countries served
~85 countries across Europe, Asia (ex-India), India, the Americas and RoW
Founded 1988Headquarters Noida, Uttar Pradesh, India (registered office: Khatima, Uttarakhand) Company website

Quarterly results

Q1 FY27: revenue up 29.6%, net profit up 385.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,739 1,721 1,740 1,739 1,794 +3%1,682 −2%1,871 +8%2,254 +30%
EBITDA191 121 64 -1 103 −46%105 −13%88 +38%296 +29700%
Net profit164 105 -9 -60 34 −79%30 −71%38 +522%171 +385%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +10.1% 1Y

₹0.8k₹0.9k₹1.0k₹1.1k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,029.7 on 10 Sept 2025 → ₹1,134.2. High ₹1,229.6 (11 Aug 2026), low ₹747.8 (30 Mar 2026).

Financials, as filed

Revenue grew 3.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 4.2%.

Year endingFY23FY24FY25FY26
Revenue₹6.3k Cr₹6.3k Cr₹6.9k Cr₹7.1k Cr
Operating profit₹701 Cr₹329 Cr₹540 Cr₹295 Cr
Operating margin11.1%5.2%7.8%4.2%
Interest₹24 Cr₹42 Cr₹47 Cr₹53 Cr
Depreciation₹230 Cr₹307 Cr₹301 Cr₹363 Cr
Net profit₹584 Cr₹86 Cr₹357 Cr₹42 Cr
Net margin9.2%1.4%5.2%0.6%
Cash from operations₹802 Cr₹455 Cr₹438 Cr₹537 Cr
Free cash flow₹532 Cr₹-56 Cr₹-47 Cr₹150 Cr
ROCE12.0%2.0%7.0%1.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹32 Cr₹32 Cr₹32 Cr₹32 Cr₹32 Cr₹32 Cr
Reserves₹3.0k Cr₹3.3k Cr₹3.5k Cr₹3.5k Cr₹4.0k Cr₹4.2k Cr
Borrowings₹695 Cr₹946 Cr₹799 Cr₹748 Cr₹968 Cr₹935 Cr
Other liabilities₹2.4k Cr₹3.0k Cr₹3.1k Cr₹3.1k Cr₹3.6k Cr₹3.7k Cr
Total liabilities₹6.2k Cr₹7.2k Cr₹7.4k Cr₹7.4k Cr₹8.6k Cr₹8.9k Cr
Fixed assets₹2.8k Cr₹3.2k Cr₹3.3k Cr₹3.0k Cr₹4.0k Cr₹4.2k Cr
Capital work in progress₹325 Cr₹126 Cr₹196 Cr₹628 Cr₹89 Cr₹70 Cr
Investments₹288 Cr₹276 Cr₹275 Cr₹374 Cr₹328 Cr₹348 Cr
Other assets₹2.8k Cr₹3.7k Cr₹3.6k Cr₹3.4k Cr₹4.2k Cr₹4.2k Cr
Total assets₹6.2k Cr₹7.2k Cr₹7.4k Cr₹7.4k Cr₹8.6k Cr₹8.9k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, FIIs added +3.12 pp while the public trimmed −3.05 pp. The shareholder count shrank 12% to 95,075.

Promoters
26.7%
FIIs
10.2%
DIIs
2.9%
Public
60.2%

Since Jun 2025

  • FIIs +3.12 pp
  • Public −3.05 pp
  • DIIs −0.10 pp

How it drifted, 12 quarters

Over this window promoters fell from 51.0% to 26.7% — −24.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 51.0%, FIIs 9.4%, DIIs 2.3%, Public 37.4%.Dec '23: Promoters 26.7%, FIIs 8.3%, DIIs 2.3%, Public 62.7%.Mar '24: Promoters 26.7%, FIIs 7.9%, DIIs 2.3%, Public 63.1%.Jun '24: Promoters 26.7%, FIIs 7.1%, DIIs 2.4%, Public 63.8%.Sep '24: Promoters 26.7%, FIIs 7.4%, DIIs 2.8%, Public 63.1%.Dec '24: Promoters 26.7%, FIIs 7.8%, DIIs 3.3%, Public 62.2%.Mar '25: Promoters 26.7%, FIIs 7.7%, DIIs 2.8%, Public 62.8%.Jun '25: Promoters 26.7%, FIIs 7.1%, DIIs 3.0%, Public 63.2%.Sep '25: Promoters 26.7%, FIIs 9.3%, DIIs 2.8%, Public 61.2%.Dec '25: Promoters 26.7%, FIIs 9.0%, DIIs 2.9%, Public 61.4%.Mar '26: Promoters 26.7%, FIIs 9.9%, DIIs 2.9%, Public 60.5%.Jun '26: Promoters 26.7%, FIIs 10.2%, DIIs 2.9%, Public 60.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Polyplex Corporation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
AGP Holdco Limited 24.28%unchanged
Secure Investments Limited 22.10%unchanged
First Water Fund AIF3.26%−0.07 pp
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund2.09%newly disclosed
Bhilangana Hydro Power Limited 1.93%unchanged
Sakhi Saraf 1.82%unchanged
1729 Capital AIF1.36%+0.20 pp
Amla Saraf 0.83%unchanged
Huma Khalil 0.03%unchanged
Sanjiv Chadha 0.01%unchanged
Rohit Saraf 0.00%unchanged
Vindhyachal Hydro Power Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in POLYPLEX

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹78 Cr
1 schemes
Biggest holder
Nippon India Small Cap Fund
₹78 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹78 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+261%
vs est. average cost
Held by funds
₹78 Cr
1 schemes · ≈ 1.8% of the company

Shares held by these funds −2%

Aug '23 6.58 L shares Jul '26