Styrenix Performance Materials Ltd

Styrenix Perfor. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Styrenix Performance Materials Ltd

₹ 2,523 0.75%
04 Dec 1:46 p.m.
styrenix.com BSE: 506222 NSE: STYRENIX
About

Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]

Key Points

Business Overview:[1]
Company is a producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing. It also manufactures Polystyrene which is used for food service and packaging, refrigerator components, electronic goods housings, etc.

Website BSE NSE
  • Market Cap ₹ 4,438 Cr.
  • Current Price ₹ 2,523
  • High / Low ₹ 2,880 / 1,250
  • Stock P/E 25.6
  • Book Value ₹ 458
  • Dividend Yield 3.89 %
  • ROCE %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 5.54 times its book value
  • Promoter holding has decreased over last quarter: -16.5%
  • Promoters have pledged 92.4% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Petrochemicals Industry: Petrochemicals

Part of BSE SmallCap BSE Allcap BSE Commodities

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Jun 2024 Sep 2024
595 699 653
512 609 554
Operating Profit 83 90 99
OPM % 14% 13% 15%
3 2 6
Interest 1 1 1
Depreciation 9 9 10
Profit before tax 76 82 94
Tax % 26% 26% 26%
56 61 70
EPS in Rs 32.08 34.80 39.86
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 15m Mar 2024
2,009 2,222
1,924 1,959
Operating Profit 86 264
OPM % 4% 12%
6 9
Interest 24 3
Depreciation 32 37
Profit before tax 36 233
Tax % 47% 26%
19 173
EPS in Rs 10.76 98.47
Dividend Payout % 37% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: %
Stock Price CAGR
10 Years: 14%
5 Years: 30%
3 Years: 22%
1 Year: 67%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Sep 2024
Equity Capital 18 18
Reserves 469 787
170 25
371 362
Total Liabilities 1,028 1,192
288 310
CWIP 0 29
Investments 0 14
740 839
Total Assets 1,028 1,192

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2024
60
-66
-10
Net Cash Flow -17

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2024
Debtor Days 48
Inventory Days 47
Days Payable 67
Cash Conversion Cycle 29
Working Capital Days 60
ROCE %

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 61.19% 61.19% 62.73% 62.73% 62.73% 62.73% 62.73% 62.73% 46.24% 46.24%
2.02% 2.04% 1.87% 1.57% 1.42% 1.39% 2.19% 2.27% 2.53% 2.09% 4.96% 2.95%
3.02% 2.86% 4.14% 4.45% 4.45% 4.41% 4.77% 4.82% 5.01% 4.99% 10.58% 10.26%
19.96% 20.10% 32.79% 32.79% 31.39% 31.47% 30.30% 30.18% 29.72% 30.18% 38.21% 40.55%
No. of Shareholders 28,30629,10743,92744,83746,99350,30443,43940,54340,11540,49239,95545,882

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls