Polyplex Corporation Ltd
Polyplex Corporation Ltd (POLYPLEX)

Polyplex Corporation Ltd (POLYPLEX)

₹2310.050.29%

Key Stats

₹2297
Day's Price Range
₹2324.5
₹1413.65
52-Week Price Range
₹2870.2
1 Month Return3.63 %
3 Month Return-2.83 %
1 Year Return60.57 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 115
12.73
EPS
Rank 7
₹181.18
BVPS
Rank 10
₹954.99
Dividend Yield
Rank 1
19.41%
ROE
Rank 3
77.29%
Price To Book Ratio
Rank 175
2.41
Debt To Asset
Rank 312
0.51

Company Information

Promoted by Sanjiv Saraf in association with Mahalaxi Trading Investment Company a nonresident corporate body Polyplex Corporation currently operates a polyester film plant cap. : 6000 tpa at Khatima Nainital district UP. 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 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 200203.Polyplex Thailand Public Company LtdPTLa 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 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.
OrganisationPolyplex Corporation Ltd
HeadquartersKhatima
IndustryPackaging