Polyplex Corporation Ltd

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POLYPLEX •
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Start SIP in Polyplex Corporation Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

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Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W Low today
-12.9
TTM PE Ratio
High in industry
75.2
Price to Book Ratio
Low in industry
0.5
Dividend yield 1yr %
Below industry Median
0.6
TTM PEG Ratio
PEG TTM is negative
-0.8
RSI
RSI oversold
26.7
MFI
MFI oversold
22.3

Polyplex Corporation Ltd Key Financials

*All values are in ₹ Cr.

Polyplex Corporation Ltd shareholding Pattern

Promoter
26.7%
Foreign Institutions
8.3%
Mutual Funds
2.2%
Domestic Institutions
2.3%
Public
62.7%

Polyplex Corporation Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
902.40
10Day EMA
920.40
12Day EMA
927.40
20Day EMA
951.60
26Day EMA
965.70
50Day EMA
1,001.60
100Day EMA
1,053.20
200Day EMA
1,162.80
Delivery & Volume
Resistance & Support
893.10
Pivot
Resistance
First Resistance
903.20
Second Resistance
919.80
Third Resistance
929.90
Support
First Support
876.50
Second support
866.40
Third Support
849.80
Relative Strength Index
26.71
Money Flow Index
22.26
MACD
-38.34
MACD Signal
-33.30
Average True Range
28.62
Average Directional Index
28.95
Rate of Change (21)
-13.48
Rate of Change (125)
-20.73

Polyplex Corporation Ltd Company background

Founded in: 1984
Polyplex Corporation Limited was incorporated in October 18, 1984. Promoted by Sanjiv Saraf in association with Mahalaxi Trading Investment Company, a nonresident 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 4,36,000 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 costefficient 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 companys product is biaxiallyoriented polyester film, a thermoplastic film used in a range of products including audio, video, computer tapes, flexible packaging, metallised yarn, stamping foils, graphic arts, Xrays, electrical insulations, suncontrol films, capacitors and other applications.With good prospects for the polyester film industry, the company expanded its capacity 14,830 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 million,including 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 200203.Polyplex (Thailand) Public Company Ltd(PTL)a subsidiary of Polyplex Corporation Ltdhas 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 subsidiary,are proposed to be utilized towards repayment of Loans to Financial Institutions.With the making of IPO,the 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 Companys offline 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 200809. A new PET film line was commissioned in Turkey and Metallisers were added at Turkey and Thailand. During the year 200910, 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 201314, 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 210,000 tonnes. Following two companies viz Polyplex Europe B.V. registered in Netherland and Polyplex PaketlemeCozumleri Sanayi ve Tickaret Anonim Sirketi registered in Turkey became stepdown subsidiaries during the period 201314.During FY 201415, 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 210,000 tonnes and was a significant related diversification for the Company. The Company commissioned Offline Coater at Bazpur and Rice Husk Heater at Khatima and twin screw extruder at aggregate capital expenditure of Rs. 4,987 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 year 2016, Peninsula Beverages and Foods Company Private Limited (PBFCPL) ceased to be subsidiary of the Company w.e.f. February 13, 2017. In 202122, 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 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.
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Polyplex Corporation Ltd FAQs

Polyplex Corporation Ltd shares are currently priced at 886.6 on NSE and 886.4 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Polyplex Corporation Ltd [POLYPLEX] share was -38.59. The Polyplex Corporation Ltd [POLYPLEX] share hit a 1-year low of Rs. 883 and a 1-year high of Rs. 1644.3.

The market cap of Polyplex Corporation Ltd is Rs. 2783.26 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Polyplex Corporation Ltd is 0 as of 2/22/2024 12:00:00 AM.

The PB ratios of Polyplex Corporation Ltd is 3.99 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 2.18% at the end of 2/22/2024 12:00:00 AM.

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