Update
Q1 FY 2022-23 Earnings
POLYPLEX CORPORATION LTD (Polyplex) – the seventh-largest capacity of polyester (PET) film globally has presented its Q1 Numbers today.
Consolidated Revenue
On a consolidated basis, revenue from operations of the company stood at INR 2032.58 Cr for the Q1 ended 30 June 2022 as compared to INR 1439.94 Cr for the same period last year, registering a growth of 41.16% year-on-year basis,
While on a quarter-on-quarter basis the revenue of the company grew by 7.78% (revenue of INR 1885.87 for the period ended 31 March 2022)
Read more about polyplex corporation products mix
Total Expenses of the Company –
INR 1750.38 Cr as on 30 June 2022,
INR 1236.10 Cr as on 30 June 2021,
INR 1584 Cr as on 31 March 2022
Profit After Tax
PAT of the company stood at INR 311 Cr for the period ended 30 June 2022 as compared to INR 185.71 Cr for the same period last year, registering a growth of 67.44% Y-O-Y basis, however, on a Q-O-Q basis the profit of the company 2.30% (PAT of INR 304.44 Cr for the period ended 31 March 2022)
EPS (Basic) stood as follows –
INR 59.58 as on 30 June 2022,
INR 35.52 as on 30 June 2021,
INR 59.18 as on 31 March 2022
Daily Chart –
polyplex corporation share closed at INR 2216 (DOWN Rs 6.3) on the NSE with a volume of 2,41,299 shares.
POLYPLEX CORPORATION is a value pick stock of Finblab and has given 4x returns when compared to ATH of INR 2870 and currently 3x returns from the recommended price of INR 717 (on 7 August 2020) – Click Here to See Full Report
Final Comment: The Company has posted a good set of numbers when compared to Y-O-Y and Q-O-Q basis. Top-line and bottom-line of the company grew by more than 65% on year-on-year. Finblab has a positive view on the company.
Must Read: Nifty prediction for August 2022
07 August 2020
Polyplex Corporation Limited is an Indian company that manufactures Biaxially Oriented Polyester Film for packaging, electrical, and other industrial applications.
Polyplex: History & Business
Since its inception in the year 1984, Polyplex has grown from a small single-line facility at Khatima (Nainital district, UP, India), into more than half a billion-dollar multinational.
The company has established itself as one of the most profitable and cost-effective producers of PET Film resulting from high productivity and low overheads.
The Company’s products have gained wide acceptance in the global markets, supplying to about 1900 customers in 83 countries across Australia, Europe, Southeast Asia, the United States, and South America, where the company has been consistently exporting a substantial part of its production.
Polyplex Corporation Limited: Products
Polyplex Corporation Limited is a renowned name among Plastic film manufacturers offers an ever-expanding range of packaging & industrial film across several PET, PP and PE base substrates; both standard plain films, as well as a range of value, added films with inline/offline coating, Holography, Transfer/Release, and metallizing capabilities.
- Sarafil: Sarafil base films are appropriate for a range of applications with its inherent properties of being clear, transparent, and flexible with high Tensile strength and modulus with high heat resistance.
- Saracote: The Saracote range of silicone coated films (PET/PP) is aimed to provide an excellent carrier to pressure-sensitive material. The typical applications are in labels, tapes, roofing shingles, and peel & stick underlayments.
- Saralam: The Saralam range of extrusion coated film products cater to a wide range of use such as thermal lamination products like book covers, identity cards, etc besides carton lamination, wide-format commercial films, etc.
- Saraprint: Saraprint is an innovative non-tearable polyester film designed especially for digital print media segment for photo album, commercial printing, promotional & customized digital printing, label, and flexible packaging applications. Polyplex reveals excellent thermal and dimensional stability for high-speed printing machines.
Manufacturing Facilities:
Polyplex has manufacturing facilities in India, Thailand, and Turkey. It has also underway manufacturing BOPP films and special films for digital purposes.
With its headquarters in NOIDA (New Delhi) the company has 4 PET Film manufacturing facilities:
- In Khatima, in the state of Uttarakhand (India)
- In Bajpur, in the state of Uttarakhand (India)
- In Rayong province, Thailand (owned and operated by Polyplex (Thailand) Public Company Ltd., a wholly-owned subsidiary)
- In Tekirdağ, Turkey (owned and operated by Polyplex Europa Polyester Film Sanayi ve Ticaret A.S, a wholly-owned subsidiary)
Polyplex is also setting up a new line in Decatur, Alabama (the United States)
The Company has also diversified into BoPP, CPP, and downstream in metallising, silicone coating (at Khatima and Thailand), and extrusion coating.
It is further expanding into a thick film (in Thailand) and bottle-grade resin (in Turkey)
Listed On:
The shares of Polyplex Corporation Limited are presently listed at Bombay Stock Exchange (BSE); CODE 524051 and National Stock Exchange (NSE) as POLYPLEX
Stock Info: Polyplex Corporation Limited
Share Holding Pattern
Financials
Conclusion
Polyplex Corporation Limited is one of India’s prominent manufacturers and exporters of Biaxially Oriented Polyester (BOPET) Film for packaging, electrical and other industrial applications.
Polyplex Corporation has the fifth-largest capacity of polyester (PET) film globally.
Promoters of the company are having more than 50% stake with 0% pledge shares.
Along with this, some of the top institutions like Abakkus Emerging Opportunities Fund, Reliance Capital Trustee Co Ltd (Nippon India Small Cap Fund), Soyuz Trading Company Ltd, Akash Bhanshali, and Ricky Ishwardas Kirpalani is having more than 1% stake in the company.
On the technical front, Polyplex is trading well above its 50 EMA (549) and 200 EMA (491) on the daily chart.
Keeping the above-listed factors in mind, Polyplex Corporation Limited looks good at INR 717. Finblab recommends investing in the stock in a staggered manner for medium to long term.
Value Pick Stock: July 2020
Escorts Limited
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