In Friday’s trading session, shares of one of the global leaders in the production of high-performance packaging films and related products in focus following the approval of setting up a new BOPET film manufacturing plant in India with an investment of ~Rs 558 crore.
Price action
With a market capitalization of Rs. 4,239.08 crores on Friday, the shares of Polyplex Corporation Limited declined by 1.9 percent, trading at Rs.1,326 making a low of Rs. 1,290.15 per share compared to its previous closing price of Rs. 1,351.40 per share.
What Happened
Polyplex Corporation Limited, specializing in the manufacturing of biaxially oriented polyester (BOPET) films, has announced the approval of a new BOPET film manufacturing plant in India, following a board meeting held on January 9, 2025.
The plant will add a capacity of 52,400 MTPA, bringing the total capacity for BOPET and BOPP films to 142,400 MTPA. The proposed capacity addition is expected to be completed by the first half of FY 2027-28, with an investment of approximately Rs 558 crore (USD 65 million). This expansion is part of the company’s strategy to grow its business and meet the increasing market demand.
About the Company
Polyplex Corporation Ltd is a global leader in the production of high-performance packaging films and related products. Established in 1984, the company specializes in manufacturing biaxially oriented polyester (BOPET) films, which are used across a wide range of industries, including food packaging, electronics, and automotive.
Polyplex’s diverse product portfolio includes films for lamination, insulation, and imaging applications, making it a key player in the global packaging and industrial sectors. The company is deeply committed to sustainability and environmental responsibility, adopting energy-efficient technologies and recycling processes in its operations. Polyplex’s emphasis on quality control and customer satisfaction has earned it numerous industry certifications and a loyal customer base worldwide.
Product Breakdown (H1FY25 Revenues)
Polyplex Corporation Ltd’s product breakdown includes Thin PET films at 49 percent, downstream products at 17 percent, BOPP films at 15 percent, and Thick PET films at 5 percent. PET Resin accounts for 9 percent, CPP/Blown films make up 3 percent, and other products represent 2 percent. This diverse portfolio reflects the company’s strong market presence across various industries.
Shareholding Pattern
The ownership structure of Polyplex Corporation Ltd is as follows: the promoters hold 26.69 percent, Foreign Institutional Investors (FIIs) own 7.39 percent, Domestic Institutional Investors (DIIs) control 2.81 percent and the public holds 63.10 percent.
Financials
The company’s revenue rose by 15.25 percent from Rs 1,595.68 crore to Rs 1,839.21 crore in Q2FY24-25. Meanwhile, Net profit grew from Rs 27.93 crores to Rs 87.81 crore during the same period.
Key Financial ratios
Polyplex Corporation Ltd has a Return on Equity (RoE) of 4.12 percent and a Return on Capital Employed (RoCE) of 8.21 percent. Furthermore, the company’s debt-to-equity ratio is 0.24.
Written by Sridhar J
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