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Polyplex Corporation Ltd

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NSEBSE

1157.40-5.60 (-0.48%)

03:58 PM,29th Sep 2023

1157.15-5.75 (-0.49%)

04:01 PM,29th Sep 2023

BSE : 524051

NSE : POLYPLEX

Sector : Industrials

ISIN Code : INE633B01018

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Last Updated: Sep 29 2023 | 04:01 PM IST

Market Cap (₹ Cr)

3633

Turnover (₹ Cr)

0.80

Volume (Shares)

69448

Face Value

10

52-WK High

2085.40

52-WK High Date

29 Sep 2022

52-WK Low

1101.00

52-WK Low Date

28 Aug 2023

All Time High

2870.20

All Time High Date

11 Apr 2022

All Time Low

2.08

All Time Low Date

05 May 2000

Polyplex Corporation Ltd

Polyplex Corporation Limited was incorporated in October 18 1984. Promoted by Sanjiv Saraf in association with Mahalaxi Trading & Investment Company a non-resident corporate body the Corporation is a leading Biaxially Oriented Polyethylene Terephthalate Film (BOPET) film producer. It offers a wide range of plastic films across various substrates including BOPET (thin & thick) Biaxially Oriented Polypropylene Film (BOPP) Cast Polypropylene (CPP) and Blown Polypropylene/Polyethylene (Blown PP/PE). Its portfolio of specialty innovative and differentiated products are used across packaging electrical & electronic and other industrial applications. The Company currently operate a total base film capacity of ~436000 MTPA. Polyplex is the only global player with resin plants at all manufacturing locations. Backward integration enables it to develop resins required for specialty products apart from enhancing cost competitiveness and ensuring supply security. Forward integration provides an ability to undertake one or more downstream processes on the base film in a cost-efficient manner leading to higher innovation value addition and reduced volatility. The downstream businesses like metalizing silicone coating extrusion coating holography TMP/DMP and offline chemical coating has enabled the Company to offer products for a variety of applications.The plant was commissioned in 1988 with a capital outlay of about Rs 40 cr. The company's product is biaxially-oriented polyester film a thermoplastic film used in a range of products including audio video computer tapes flexible packaging metallised yarn stamping foils graphic arts X-rays electrical insulations sun-control films capacitors and other applications.With good prospects for the polyester film industry the company expanded its capacity 14830 tpa at a cost of around Rs 70 cr. The capacity expansion was funded by a private placement of shares (in Nov.'94 it made a private placement of shares at a premium of Rs 130) and internal accruals. Polyplex has imported equipment from leading international suppliers such as Lindauer Dorner Barmag and Kampf Germany; Nishimura Japan; Nucleometre FAG France; and Extrusion of Dies US. This coupled with the technical skills of its operating personnel and emphasis on quality control has enabled it to produce films which enjoy a premium position not only in India but also in the international market. The company has entered into a Joint Venture Agreement with Global Solar Energy LCC for its PV Project with the terms & Agreement of both have equal equity position of 50% each Assets of PV division transferred to goint concern Funds will met by partners in the sration of proposed shareholding & Global Solar Energy used as an implementing entity. Company corporate office project at an advanced stage.A forward integration programme for setting up a Metallizer is in the process at a cost of Rs.1000.00 lacs.This has been financed by way of term loan to the extent of Rs.700.00 lacs from IDBI and the balance through internal accruals.An expansion programme of polyester film is in a active stage.This project was earlier planned to be located in UAE but due to social uncertainty in the Middle East the company has decided to relocate the project in Thailand. The total project cost of US $ 30 millionincluding US $ 6 million towards working capital is proposed to be financed by way of debt to the tune of US $ 20 million and the balance by way of equity /preference shares. The Metalliser project has been delayed and has been scheduled to be in the current financial year ie 2002-03.Polyplex (Thailand) Public Company Ltd(PTL)-a subsidiary of Polyplex Corporation Ltd-has made IPO of 240 million ordinary shares of Baht 1 each at an offering price of Baht 6.90 per share.The proceeds raised through IPO by the foreign subsidiaryare proposed to be utilized towards repayment of Loans to Financial Institutions.With the making of IPOthe shareholding of the company in PTL has come down to 70%.During the year 2005 Polyplex (Singapore) Pte. Ltd. (PSPL) was incorporated and became a wholly owned subsidiary of Polyplex (Thailand) Public Company Limited (PTL). The Company's off-line silicone coating facility set up at Khatima commenced commercialproduction in March 2007. It commenced operations of PET film production from the second line in Turkey in 2008-09. A new PET film line was commissioned in Turkey and Metallisers were added at Turkey and Thailand. During the year 2009-10 it commissioned a Polyester (PET) films line a Biaxially Oriented Polypropylene (BOPP) film line in India and a Cast Polypropylene film (CPP film) manufacturing facility in Thailand. It got into downstream businesses like Silicone Coating and Extrusion Coating. PTL had commissioned the first Blown PP/PE line in October 2013.During FY 2013-14 many projects became operational including the Thin PET film line in USA Thick PET film with Resin plant in Thailand and other smaller projects like Blown PP Extrusion Coating Line 2 Recycling plant in Thailand and Offline Coating plant in Turkey respectively. The Resin plant in USA was started in July 2014. It completed trial runs for bottle grade PET resin plant in Turkey with the annual capacity of 210000 tonnes. Following two companies viz Polyplex Europe B.V. registered in Netherland and Polyplex PaketlemeCozumleri Sanayi ve Tickaret Anonim Sirketi registered in Turkey became step-down subsidiaries during the period 2013-14.During FY 2014-15 new metallizers operationalized both in Thailand & Turkey respectively to manufacture higher optical density films and transparent barrier films which would augment the portfolio of Metallized Films. An Offline Coater to produce specialty products was commissioned at the existing location at Bazpur during the year. In March 2015 the Company had divested 100% controlling interest of Polyplex Resins Sanayi Ve Ticaret Anonim _irketi (PR) in favour of Indorama Ventures Limited (IVL). The PET Bottle Grade Resin line was the first such line in the Group which was being implemented at PR. This Plant had an annual capacity of 210000 tonnes and was a significant related diversification for the Company. The Company commissioned Off-line Coater at Bazpur and Rice Husk Heater at Khatima and twin screw extruder at aggregate capital expenditure of Rs. 4987 Lacs. During the year 2015 Polyplex Resins Sanayi Ve Ticaret Anonim Sirketi Turkey ceased to be a subsidiary during the year w.e.f. 2nd March 2015.During the year 2016 Peninsula Beverages and Foods Company Private Limited (PBFCPL) ceased to be subsidiary of the Company w.e.f. February 13 2017. In September 2020 the Board approved an investment in a BOPET (Biaxially Oriented Polyethylene Terephthalate Film) film project in USA with an annual installed capacity of 50000 TPA. In 2021-22 the Company commissioned a new BOPP line adjacent to the BOPET film line in Indonesia. The second Blown film line in Thailand was commissioned in June 2018 to develop merchant markets and also produces Polyethylene (PE) based blown films. A third Blown line was commissioned in Thailand in January 2021. The applications serviced include agriculture usage (mulch films) labels separator in manufacturing of air bag safety films preferred sealing substrates for flexible laminates (Polyplex core business segment) and many more. Another Blown Film line was introduced in Turkey in March '22 to diversify product portfolio and market share in this high value add/ specialty film segment. During FY 2022- 23 eight new BOPET lines commissioned. It also commissioned six holography machines in India one in Turkey and two in Thailand for flexible packaging applications gift wrap label face stock and Carton lamination. It installed both seamless and shim line Holo technology. In 2023 a CircuLiner program for PET filmic liner waste was launched with some global companies to provide desired circular recycling solutions.

Polyplex Corporation Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

3633

EPS - TTM (₹) [S]

55.79

P/E Ratio (X) [S]

5.24

Face Value (₹) 10
Latest Dividend (%)30.00
Latest Dividend Date 08 Sep 2023
Dividend Yield (%) 7.74
Book Value Share (₹) [S]221.02
P/B Ratio (₹) [S]5.24
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Small Cap Fund (B) 79.98 657517 0.22
Nippon India Small Cap Fund - Direct (B) 79.98 657517 0.22
Nippon India Small Cap Fund - Direct (G) 79.98 657517 0.22
Nippon India Small Cap Fund (G) 79.98 657517 0.22
Nippon India Nifty Smallcap 250 Index Fund (G) 1.02 8411 0.16
Nippon India Nifty Smallcap 250 Index Fund (IDCW) 1.02 8411 0.16
Nippon India Nifty Smallcap 250 Index Fund-Dir (G) 1.02 8411 0.16
Nippon India Nifty Smallcap 250 Index Fund-D(IDCW) 1.02 8411 0.16
Motilal Oswal Nifty Smallcap 250 Index Fund (G) 0.66 5393 0.16
Motilal Oswal Nifty Smallcap 250 Index Fund-Dir(G) 0.66 5393 0.16

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1152.75

1170.90

Week Low/High

1144.10

1204.00

Month Low/High

1105.65

1257.00

Year Low/High

1101.00

2085.00

All time Low/High

2.00

2870.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.64%0.61%-0.27-0.18%
1 Month3.00%3.05%1.161.53%
3 Month-11.89%-11.89%2.993.51%
6 Month3.12%3.16%14.2615.85%
1 Year-40.84%-40.91%16.7016.77%
3 Year68.75%68.59%73.3574.99%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
30-08-2023GRAVITON RESEARCH CAPITAL LLPNSEBUY2292551203.40
30-08-2023GRAVITON RESEARCH CAPITAL LLPNSESELL2292551204.38
02-02-2023BHILANGANA HYDRO POWER LIMITEDBSEBUY690001509.00
02-02-2023SANJIV SARITA CONSULTING PRIVATE LIMITEDBSESELL690001509.00
01-02-2023SANJIV SARITA CONSULTING PRIVATE LIMITEDBSESELL2309241505.00
01-02-2023SANJIV SARITA CONSULTING PRIVATE LIMITEDBSESELL2309241505.00
01-02-2023UTKARSH TRADING & HOLDINGS LTDBSEBUY2309241505.00
01-02-2023UTKARSH TRADING & HOLDINGS LTDBSEBUY2309241505.00
31-01-2023SANJIV SARITA CONSULTING PRIVATE LIMITEDBSESELL2600001535.00
31-01-2023SANJIV SARITA CONSULTING PRIVATE LIMITEDBSESELL2600001535.00

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter50.97
Financial Institutions Banks0.00
Foreign Institutional Investors10.84
Insurance Companies0.00
Mutual Funds Uti2.15
Other Institutional Investors0.67
Indian Public29.81
Others Non Institutional Investors5.56
Custodians0.00

Corporate Action

Announcement DatePurposeFromToRemarks
Data Not Found

Price History

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DateOpenHighLowCloseSharesTrades
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Company Info

Company Information

Chairman & Non Executive Dir. : Sanjiv Saraf

Non-Exec & Non-Independent Dir : Sanjiv Chadha

Independent Director : Brij Kishore Soni

Independent Director : Suresh Inderchand Surana

Independent Director : Jitender Balakrishnan

Independent Director : Pooja Haldea

Independent Director : Ranjit Singh

Non Independent Executive Dire : Pranay Kothari

Registered Office: Lohia Head Road, Dist Udham Singh Nagar,Khatima,Uttarakhand-262308 Ph: 91-5943-250136

Email:investorrelation@polyplex.com

URL:http://www.polyplex.com