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STYRENIX · Styrenix Performance Materials Ltd · Chemicals - Plastics & Rubber

STYRENIX · Styrenix Performance Materials Ltd · Chemicals - Plastics & Rubber

₹1,849.6+2.7%

As of 05 Nov close

52-week range

52wk low ₹1,72052wk high ₹2,653

30.3% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Operating margin above its own averageFII holding falling for 2+ quarters

Revenue (latest Q)

₹1,011 Cr

Revenue YoY

PAT YoY

+166.4%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2.6

P/S (TTM)

1.1

Sector P/E

20.6

Dividend yield

+2.2%

CompanyP/EP/BNet marginROED/EDiv. yield
STYRENIX (this stock)14.72.6+7.8%+20.0%0.4+2.2%
Gujarat Fluorochemicals77.45.8+11.5%+7.7%13.64+0.1%
DCM Shriram112.1+9.8%+18.6%0.38+1.1%
Supreme Petrochem27.76.3+8.5%+20.4%0.06+1.3%

Promoter

stable

FII

falling 3q

MF

13.92% (+0.10pp)

rising 3q

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Concall transcriptNeutral05 Nov 2026
View source filing →

Key takeaway: Styrenix Performance Materials Limited reported Q2 and H1 FY '27 financial results, with total income of INR781 crores and INR1,551 crores respectively, showing growth of 26.5% and 15.8% year-on-year. EBITDA for Q2 was INR84.5 crores (3.3% growth) and for H1 INR286 crores (70% growth), with EBITDA margins at 10.8% and 18.4% respectively. Profit after tax for Q2 was INR51.2 crores (0.8% growth) and for H1 INR188.5 crores (78.4% growth). Consolidated figures showed total income of INR997 crores and INR2,009.8 crores for Q2 and H1, with EBITDA of INR75.6 crores and INR299.2 crores, respectively. Management highlighted challenges from global volatility, including crude oil price fluctuations and macroeconomic uncertainties, while emphasizing operational efficiency and supply continuity. Phase 1 of the expansion plan is on track to come online in FY '27, with potential to replace imported grades like refrigeration liner ABS. On the polystyrene side, HIPS showed improved OEM demand, while GPPS volumes were lower due to management decisions to avoid speculative buying. Thailand operations faced cost and product mix challenges, with efforts to improve margins through cost reduction and product approvals. New grades like ASALAC and STYROLOY were launched, with gradual volume increases expected. Management noted that while Thailand's performance would remain consistent with prior years for the next two years, long-term improvements are anticipated through restructuring and cost optimization. The company also discussed global supply-demand imbalances, freight volatility, and competitive dynamics affecting pricing and margins.

The summary reflects a balanced presentation of financial results, operational challenges, and strategic initiatives without overtly positive or negative emphasis.

Sourced from an exchange-filed transcript, dated 05 Nov 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed12 Aug 2026
View source filing →

Key takeaway: On August 5, 2026, Styrenix Performance Materials Limited held its Q1 FY27 earnings conference call, where management discussed the operating environment marked by global uncertainties and their impact on demand. The company reported a total income of INR770.5 crores for Q1 FY27, reflecting a year-on-year growth of 6.6%. EBITDA increased significantly by 133.9% to INR201.4 crores, with EBITDA margins improving to 26.1%. However, sales volume decreased by 26% to 38.9 KT. Management noted that demand was particularly affected in the non-OEM sector due to price volatility and market uncertainties. They emphasized a dynamic strategy to navigate these challenges while maintaining operational resilience. The discussion also touched on the company's expansion plans and the impact of geopolitical factors on raw material sourcing and pricing. The call concluded with management expressing confidence in their ability to adapt to market conditions and serve customer needs effectively.

Management highlighted both strong financial performance and challenges in demand due to market volatility.

Sourced from an exchange-filed transcript, dated 12 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed05 Aug 2026
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Key takeaway: The investor presentation from Styrenix Performance Materials Limited, dated August 5, 2026, outlines the company's unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. Management reported significant challenges in the polymer industry due to geopolitical disruptions affecting supply chains and raw material prices. Despite these challenges, Styrenix maintained continuity of supply through diversified sourcing strategies and strong supplier relationships. The presentation highlighted a notable increase in total income and profit after tax for Q1 FY27 compared to Q1 FY26, with standalone total income at INR 770.5 crores and profit after tax at INR 137.3 crores. The company also discussed ongoing expansion plans, including the commissioning of ABS capacity augmentation during the financial year. Overall, the document emphasized the company's resilience and commitment to long-term growth amidst a volatile market environment.

The presentation highlighted both challenges faced and positive financial results.

Sourced from an exchange-filed presentation, dated 05 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral22 May 2026
View source filing →

Key takeaway: On May 16, 2026, Styrenix Performance Materials Limited held its Q4 FY '26 earnings conference call, where management provided financial highlights. Total income for Q4 FY '26 was reported at INR 658 crores, a decrease of 6.3% year-on-year, while EBITDA grew by 51.9% to INR 126 crores, with an improved EBITDA margin of 19.2%. Profit after tax for the quarter was INR 84.3 crores, reflecting a growth of 58.6%. For the full fiscal year, total income was INR 2,647 crores, down 3.9%, with EBITDA at INR 370 crores and a profit after tax of INR 234.3 crores. Management discussed the impact of global supply chain disruptions on raw material prices and assured that they had not faced significant disruptions in manufacturing. They also addressed ongoing expansion plans for ABS and polystyrene, emphasizing a cautious approach to capacity increases. The call concluded with management expressing confidence in the company's long-term growth strategy.

Management presented a balanced view of financial performance and operational challenges.

Sourced from an exchange-filed transcript, dated 22 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptMixed09 Feb 2026
View source filing →

Key takeaway: The earnings call for Styrenix Performance Materials Limited on February 2, 2026, highlighted the company's financial performance for Q3 FY '26. Management reported a total income of INR 648.8 crores, a decrease of 6.2% year-on-year, while EBITDA showed a slight increase to INR 75.7 crores. The EBITDA margin improved to 11.7%, up from 10.9% in the previous year. Profit after tax decreased by 7.51% to INR 44.3 crores. Sales volume increased by 7.6% to 51.1 KT. Consolidated results included total income of INR 871.3 crores and a profit after tax of INR 16.3 crores. Management discussed challenges in the Thailand operations, including inventory losses due to price declines in raw materials and finished goods. They emphasized the importance of product validation in the new brand transition and expressed confidence in future sales growth despite current challenges.

Management reported both growth in sales volume and challenges related to profitability and inventory losses.

Sourced from an exchange-filed transcript, dated 09 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2024-25252 pages

Styrenix Performance Materials Limited acquired INEOS Styrolution Thailand Co. Ltd. in January 2025, expanding its global presence. The company is a leading producer of ABS and SAN in India, with a 52-year history. The auditor noted key audit matters related to ongoing income tax and indirect tax litigations, which are contingent liabilities. The company has no defaults in loan repayments and has not been declared a willful defaulter. It has a credit rating of CARE A+; Stable / CARE A1+ as of March 31, 2025.

  • Acquired INEOS Styrolution Thailand Co. Ltd. in January 2025 to expand regional presence.
  • Key audit matter: Ongoing income tax and indirect tax litigations with contingent liabilities.
  • No defaults in loan repayments; not declared a willful defaulter.
  • Credit rating of CARE A+; Stable / CARE A1+ as of March 31, 2025.

Key takeaway: Styrenix expanded through acquisition but faces contingent liabilities from tax litigations, though it maintains a stable credit rating and no defaults.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 07 Aug 2025View source filing →

Governance disclosures

AI-generated

Needs attention

Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Default / Covenant Breach

1 occurrence

Recent (last 12 months)

Annual Report05 Aug 2026 (FY2025-26)
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The company has not deposited certain tax dues as of March 31, 2026, due to disputes, with specific details provided on the undisputed amounts payable.

Routine disclosures

Contingent Liability

2 occurrences

Recent (last 12 months)

Annual Report05 Aug 2026 (FY2025-26)· 11 passages
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Styrenix Performance Materials Ltd, India provided a corporate guarantee of THB 577,000,000 to HSBC Bank, Thailand as collateral for working capital facilities given to its wholly-owned subsidiary Styrenix Performance Materials (Thailand) Ltd.

Earlier (1-3 years ago)

Annual Report07 Aug 2025 (FY2024-25)· 6 passages
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Styrenix Performance Materials Limited has contingent liabilities related to income tax, excise duty, and service tax disputes with authorities, with potential undiscounted payments disclosed but no provision recognized as the company expects favorable judgments.

Related-Party Transaction

2 occurrences

Recent (last 12 months)

Annual Report05 Aug 2026 (FY2025-26)· 2 passages
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The company has related party transactions with Uttarayan Art Foundation and Uttarayan Foundation and Museum for Arts.

Earlier (1-3 years ago)

Annual Report07 Aug 2025 (FY2024-25)· 4 passages
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The company provided a corporate guarantee of INR 220.00 crores for its subsidiary Styrenix Polymers (Thailand) Co. Ltd., which has no credit rating, to help it avail bank facilities at a favorable rate.

Statutory dues in dispute

1 occurrence

Earlier (1-3 years ago)

Annual Report07 Aug 2025 (FY2024-25)Disputed tax/statutory dues under appeal, not a loan default
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The company has outstanding statutory dues related to taxes, including Income-tax, Sales Tax, Service Tax, Customs Duty, Excise Duty, VAT, and GST, which are disputed and pending resolution as of 31 March 2025.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

6.47% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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