Polyplex Corporation share price & results
- Jun 2026
- Sept 2026
Vertically integrated maker of BOPET, BOPP, CPP and blown PP/PE plastic films for packaging & industrial uses.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,254 | +29.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.0 | +13.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 171 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 3.90 | −5.1 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 2.12 | +2.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 9.54 | −6.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance −4.6% 1Y
1Y: ₹973 on 24 Oct 2025 → ₹928.5. High ₹1,229.6 (11 Aug 2026), low ₹747.8 (30 Mar 2026).
- Previous close
- ₹937.7
- Market cap
- ₹2.9k Cr
- 52-week range
- ₹747.8 – ₹1,229.6
- One year
- −5.97%
- Price to earnings (TTM to Jun 2026)
- 18.87×
- Return on equity (TTM to Jun 2026)
- 3.90%
Overview
- Symbol
- NSE:POLYPLEX
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Polyplex Corporation Limited does
Based on the company's own presentations, annual report and earnings calls.
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
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +385% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,739 | 1,721 | 1,740 | 1,739 | 1,794 | 1,682 | 1,871 | 2,254 |
| Expenses | 1,548 | 1,600 | 1,676 | 1,739 | 1,692 | 1,577 | 1,783 | 1,957 |
| Operating profit | 191 | 121 | 64 | -1 | 103 | 105 | 88 | 296 |
| Operating margin | 11.0% | 7.0% | 3.7% | 0.0% | 6.0% | 6.0% | 4.7% | 13.0% |
| Other income | 100 | 107 | 18 | 30 | 23 | 27 | 62 | 25 |
| Interest | 11 | 12 | 11 | 14 | 13 | 13 | 13 | 17 |
| Depreciation | 79 | 76 | 76 | 86 | 89 | 94 | 94 | 94 |
| Profit before tax | 202 | 142 | -6 | -71 | 23 | 25 | 43 | 211 |
| Tax rate | 19.0% | 26.0% | 54.0% | −15.0% | −43.0% | −19.0% | 12.0% | 19.0% |
| Net profit | 164 | 105 | -9 | -60 | 34 | 30 | 38 | 171 |
| EPS (₹ per share) | 27.97 | 18.40 | 3.22 | -6.15 | 7.87 | 4.70 | 7.90 | 29 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 6,318 | 6,308 | 6,886 | 7,086 |
| Expenses | 5,620 | 5,978 | 6,346 | 6,791 |
| Operating profit | 701 | 329 | 540 | 295 |
| Other income | 223 | 98 | 251 | 142 |
| Interest | 24 | 42 | 47 | 53 |
| Depreciation | 230 | 307 | 301 | 363 |
| Profit before tax | 668 | 75 | 445 | 20 |
| Net profit | 584 | 86 | 357 | 42 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 3,284 | 3,451 | 3,479 | 3,731 | 4,008 | 4,208 |
| Borrowings | 946 | 799 | 748 | 882 | 968 | 935 |
| Other liabilities | 2,954 | 3,091 | 3,124 | 3,309 | 3,608 | 3,694 |
| Total liabilities | 7,216 | 7,373 | 7,383 | 7,954 | 8,616 | 8,870 |
| Fixed assets | 3,152 | 3,252 | 3,002 | 3,944 | 4,049 | 4,226 |
| Capital work in progress | 126 | 196 | 628 | 36 | 89 | 70 |
| Investments | 276 | 275 | 374 | 340 | 328 | 348 |
| Other assets | 3,663 | 3,650 | 3,379 | 3,634 | 4,150 | 4,226 |
| Total assets | 7,216 | 7,373 | 7,383 | 7,954 | 8,616 | 8,870 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 1,102 | 560 | 802 | 455 | 438 | 537 |
| Cash from investing | -451 | 41 | 16 | -804 | -464 | -480 |
| Cash from financing | -660 | -232 | -657 | -152 | -38 | -133 |
| Net cash flow | -8 | 369 | 160 | -501 | -64 | -76 |
| Free cash flow | 576 | 160 | 532 | -56 | -47 | 150 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 50 | 61 | 44 | 56 | 54 | 58 |
| Inventory days | 133 | 141 | 110 | 126 | 140 | 150 |
| Days payable | 55 | 55 | 38 | 51 | 45 | 55 |
| Cash conversion cycle | 128 | 147 | 116 | 132 | 149 | 153 |
| Working capital days | 56 | 72 | 69 | 84 | 79 | 77 |
| Return on capital employed | 19.0% | 20.0% | 12.0% | 2.0% | 7.0% | 1.0% |
| Dividend payout | 102.0% | 58.0% | 81.0% | 25.0% | 21.0% | 21.0% |
Ownership
Who owns it
Public hold 60.50% as of Sept 2026; institutions cut 0.31 pts since Jun 2026.
- Promoters 26.73%
- Foreign institutions 9.91%
- Domestic institutions 2.85%
- Public 60.50%
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- AIF newly disclosed 2.63% held
- AIF +0.26 pp 1.62% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of Polyplex Corporation Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 24.28% | unchanged | |
| 22.10% | unchanged | |
| AIF | 2.63% | newly disclosed |
| Mutual fund | 2.09% | unchanged |
| 1.93% | unchanged | |
| 1.82% | unchanged | |
| AIF | 1.62% | +0.26 pp |
| 0.83% | unchanged | |
| 0.03% | unchanged | |
| 0.01% | unchanged | |
| AIF | — | off the list |
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 Sep 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹69 Cr
- 1 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹69 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹69 Cr | held | Sep '12 |
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 Sep 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +252%
- vs est. average cost
- Held by funds
- ₹69 Cr
- 1 schemes · ≈ 2.1% of the company
Shares held by these funds −2%
Oct '23 6.58 L shares Sep '26
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