INEOS Styrolution India Ltd
INEOS Styrolution India Ltd (INEOSSTYRO)

INEOS Styrolution India Ltd (INEOSSTYRO)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-7.47 %
3 Month Return9.6 %
1 Year Return-38.37 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 19
Rank 20
Rank 6
Dividend Yield
Rank 12
Rank 5
Price To Book Ratio
Debt To Asset
Rank 8

Company Information

Bayer ABS formerly ABS Industries incorporated in 1973 commenced production in 1978. The company was promoted by R S Agarwal a chemical engineer from the US and J J Mehta who has over fifty years of experience in the petrochemical and engineering industries. Its works is situated in Nandesari and Katol in Gujarat. Its R D Centre is also in Moxi Gujarat. It manufactures 37388 tonnes of ABS acrylonitrile butadiene styrene polymer a versatile engineering plastic accepted as a substitute for conventional materials. The mechanical and thermal properties of ABS are comparable to metals.The company also manufactures 32361 tonnes of SAN styrene acrylonitrile a plastic giving a 95 transparent finish. The major applications of ABS are in refrigerator liners automobile components telecommunications consumer electronics household appliances computer cabinets cameras etc. It has a technical collaboration with Japan Synthetic Rubber Company Japan.During 199697 Bayer Industries subsidiary of Bayer AG Germany acquired a controlling stake of 50.97 of equity shares by way of preferential issue of shares and acquisition of existing shares through the open offer. It becamed a subsidiary of Bayer Industries.In 19992000 the company has started aggressive marketing of Makrolon Polycarbonate by importing and selling in the country and is now the market leader for this product. The company has been awarded ISO 9001 Certification for its quality systems.The company has executed two global projects that was undertaken in the year 2000 PCSAN and NylonPolyethylene blends. It also manufactures 6000 tonnes of SAN Styrene acrylonitrile a plastic giving a 95 transparent finish.In 20032004 the company has increased its production capacity of PolyButadiene from 6000 tpa to 9000 tpa which lead to an increase of 6000 MT production capacity in ABS Resins. Consequent of this expansionthe total capacity of ABS Resins has risen to 44000 MT. During 20042005 Lanxess India Pvt Ltd has acquired 50.97 equity in the company. Subsequently the company became a subsidary of Lanxess India Pvt Ltd.
OrganisationINEOS Styrolution India Ltd