Styrenix Performance Materials

Vadodara, India Founded: 2022 • Age: 4 yrs Listed
Styrenix Performance Materials was founded in 2022 in Vadodara, India.
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About Styrenix Performance Materials

Styrenix Performance Materials is a publicly listed company based in Vadodara (India) founded in 2022. Styrenix Performance Materials was founded in 2022 in Vadodara, India. The company has 461 employees. Styrenix Performance Materials has completed 1 acquisition, including INEOS Styrolution. Its Indian entity Styrenix Performance Materials Limited reported revenue of ₹3,454 Cr. Styrenix Performance Materials offers products and services including Absolac® ABS and Absolan® SAN. Its focus areas include Chemicals and Materials and Diversified Materials.

Company details

Styrenix Performance Materials was established in 2022 and is based in Vadodara, India. The company operates within the performance materials sector, specializing in styrenic compounds for industrial applications. Production and development activities are conducted primarily in India, supporting sectors such as packaging and automotive. Headquarters in Vadodara facilitate regional operations, with a focus on material innovation and supply chain management.

Operational Areas
Chemicals & Materials → Construction & Performance Materials
Key Metrics
  • Market Cap
    ₹3,253 Cr

    STYRENIX · NSE

  • Share Price
    ₹1,850.50

    +0.05% today

  • Revenue
    ₹3,438 Cr

    FY 2025-26 · +15.3% YoY

  • EBITDA
    ₹342 Cr

    Margin 9.9%

  • Net Profit
    ₹183 Cr

    FY 2025-26 · -20.2% YoY

  • P/E (TTM)
    12.5x

    P/B 2.1x

  • ROE
    14.2%

    ROCE 13.1%

  • Debt / Equity
    0.37

    Interest cover 9.1x

  • Employee Count
    461
  • Investments & Acquisitions
    INEOS Styrolution

Products & Services of Styrenix Performance Materials

Styrenix Performance Materials offers a comprehensive portfolio of products and services, including Absolac® ABS and Absolan® SAN.

Absolac® ABS
Polymers

Absolac® ABS is utilized as heat-modified resins for thermally stressed components in automotive and other applications

Absolan® SAN
Specialty Polymers

Absolan® SAN is employed as a styrene acrylonitrile copolymer known for its transparency and chemical resistance in various industrial uses

Board of directors of Styrenix Performance Materials Limited (Styrenix Performance Materials)

Styrenix Performance Materials Limited is the primary company behind Styrenix Performance Materials. The board of Styrenix Performance Materials Limited currently have 8 directors; the longest-serving is Rakesh Shiwebhagwan Agrawal, appointed in 2022. 34 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rakesh Shiwebhagwan Agrawal
DIN 00057955
Whole-time director17 Nov 20223 yrs 11 moStyrenix Performance Materials Limited
Vishal Rakesh Agrawal
DIN 00056800
Managing Director17 Nov 20223 yrs 11 moStyrenix Performance Materials Limited
Milin Kaimas Mehta
DIN 01297508
Director17 Nov 20223 yrs 11 moStyrenix Performance Materials Limited
Rahul Rakesh Agrawal
DIN 01226996
Managing Director17 Nov 20223 yrs 11 moStyrenix Performance Materials Limited
Ravishankar Kompalli
DIN 06458292
Whole-time director17 Nov 20223 yrs 11 moStyrenix Performance Materials Limited
Taneja Premkumar
DIN 00010589
Director17 Nov 20223 yrs 11 moStyrenix Performance Materials Limited
Prasad Parameswaranpillai Naga
DIN 07430506
Director04 Jan 20233 yrs 10 moStyrenix Performance Materials Limited
Radhika Nath
DIN 03006980
Director05 Jan 20233 yrs 10 moStyrenix Performance Materials Limited

IPO & Listings of Styrenix Performance Materials

Styrenix Performance Materials is a publicly listed company on the NSE with ticker symbol STYRENIX in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date29 Mar 1995
  • Listed onNSE: STYRENIX
  • Listed entityStyrenix Performance Materials Ltd
  • Exchange sectorProcess industries

Financials of Styrenix Performance Materials

Exchange-reported figures of Styrenix Performance Materials Limited, the listed company behind Styrenix Performance Materials (NSE: STYRENIX).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,438 Cr
+15.3% YoY
EBITDA
₹342 Cr
-2.7% YoY
Profit After Tax
₹183 Cr
-20.2% YoY
Net Worth
₹1,366 Cr
+12.1% YoY
Total Assets
₹2,015 Cr
+18.4% YoY
Total Debt
₹548 Cr
+38.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2014-15
Income statement
Revenue3,4382,9822,2552,040
Revenue growth+15.3%+32.3%--
EBITDA34235126485.69
EBITDA margin+9.9%+11.8%+11.7%+4.2%
Profit before tax22330223335.62
Net profit18323017218.81
Net profit margin+5.3%+7.7%+7.6%+0.9%
EPS (₹)103.95132.8798.447.96
Balance sheet
Total assets2,0151,703779660
Net worth1,3661,219723487
Total debt54839727.34170
Cash & bank73.4010056.6120.13
Net working capital773710391349
Cash flow
Cash from operations18354.3421659.50
Cash from investing(171)(84.73)(87.96)(66.32)
Cash from financing(39.69)73.56(177)(9.89)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue9941,011826869799944940691
Revenue growth (YoY)+24.4%+7.1%-12.1%+25.9%+22.3%+35.0%--
Other income3.793.3312.121.772.963.382.671.37
EBITDA71.8122011638.6585.4796.4687.2474.03
EBITDA margin+7.2%+21.8%+14.0%+4.4%+10.7%+10.2%+9.3%+10.7%
Depreciation30.3630.5430.4029.2026.1624.7125.7910.01
Interest4.864.424.654.825.404.593.071.11
Profit before tax40.3818993.066.4056.8770.5461.0564.28
Tax17.2150.3319.58(9.94)12.1518.626.3316.59
Net profit23.1713873.4816.3444.7251.9254.7247.69
EPS (₹)13.1878.6441.799.2924.4329.5231.1127.12
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,6742,7742,2552,3722,1791,6311,579
Revenue growth-3.6%+23.0%-5.0%+8.9%+33.6%+3.3%-
EBITDA36134526427647541427.18
EBITDA margin+13.5%+12.5%+11.7%+11.6%+21.8%+25.4%+1.7%
Profit before tax314313233247443376(13.51)
Net profit23522817218032327729.12
Net profit margin+8.8%+8.2%+7.6%+7.6%+14.8%+17.0%+1.8%
EPS (₹)133.18131.9998.44104.04183.41159.34(5.41)
Balance sheet
Total assets1,1049107797789341,023868
Net worth990851723715856889609
Total debt63.0519.4127.3435.0852.2798.39224
Cash & bank30.8648.6056.612451792423.44
Net working capital514516391450577624347
Cash flow
Cash from operations268147216270356385166
Cash from investing(168)(37.24)(87.96)(136)82.94(112)(83.60)
Cash from financing(118)(118)(177)(198)(412)(137)(124)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue780768656648615721702691
Revenue growth (YoY)+26.7%+6.5%-6.5%-6.3%-5.8%+3.2%--
Other income1.362.492.411.232.281.891.271.37
Total expenses697569532576536637620617
EBITDA83.1219912471.4379.4884.2381.7474.04
EBITDA margin+10.7%+25.9%+18.9%+11.0%+12.9%+11.7%+11.6%+10.7%
Depreciation13.4213.3312.7611.8711.6310.8210.0410.01
Interest2.101.371.301.081.741.450.951.11
Profit before tax68.9618711259.7168.3973.8572.0264.29
Tax17.7649.3828.0515.4117.6118.9818.8616.59

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue9941,011826869799944940691
Revenue growth (YoY)+24.4%+7.1%-12.1%+25.9%+22.3%+35.0%--
Other income3.793.3312.121.772.963.382.671.37
EBITDA71.8122011638.6585.4796.4687.2474.03
EBITDA margin+7.2%+21.8%+14.0%+4.4%+10.7%+10.2%+9.3%+10.7%
Depreciation30.3630.5430.4029.2026.1624.7125.7910.01
Interest4.864.424.654.825.404.593.071.11
Profit before tax40.3818993.066.4056.8770.5461.0564.28
Tax17.2150.3319.58(9.94)12.1518.626.3316.59
Net profit23.1713873.4816.3444.7251.9254.7247.69
EPS (₹)13.1878.6441.799.2924.4329.5231.1127.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2014-15
Revenue3,4382,9822,2552,040
Revenue growth+15.3%+32.3%--
Other income16.3712.189.265.57
Total expenses3,0962,6311,9901,955
Employee cost14890.0267.2055.42
EBITDA34235126485.69
EBITDA margin+9.9%+11.8%+11.7%+4.2%
Depreciation11455.0436.7831.73
Interest20.676.423.5523.91
Profit before tax22330223335.62
Tax40.4068.2760.0916.71
Net profit18323017218.81
Net profit margin+5.3%+7.7%+7.6%+0.9%
EPS (₹)103.95132.8798.447.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2014-15
Equity & liabilities
Share capital17.5917.5917.5917.59
Reserves & surplus1,3491,201705469
Shareholders' funds (net worth)1,3661,219723487
Minority interest0.000.000.000.00
Secured loans0.000.000.000.00
Unsecured loans54839727.34170
Total debt54839727.34170
Total liabilities2,0151,703779660
Assets
Gross block1,8531,629550643
Net block962914295288
Capital work in progress10529.4128.090.20
Investments97.2820.1257.860.06
Inventories664769269212
Sundry debtors429440297265
Cash & bank balances73.4010056.6120.13
Loans & advances73.3741.1116.39198
Total current assets1,2401,350639694
Total current liabilities467640247345
Net working capital773710391349
Total assets2,0151,703779660
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2014-15
Opening cash97.6554.4810336.59
Net cash from operating activities18354.3421659.50
Net cash from investing activities(171)(84.73)(87.96)(66.32)
Net cash from financing activities(39.69)73.56(177)(9.89)
Net change in cash(27.52)43.17(48.30)(16.71)
Closing cash73.4010056.6120.13
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2014-15
Growth
Sales growth+15.3%+32.3%--
EBITDA growth-2.7%+32.9%--
PBT growth-26.1%+29.5%+718.5%+9997.0%
Net income growth-20.2%+33.4%--
Revenue CAGR (3Y)+19.0%---
EBITDA CAGR (3Y)+58.6%---
Profitability & leverage
Net income margin+5.3%+7.8%+7.7%+0.9%
Return on capital employed+13.1%+24.9%+30.4%+7.2%
Return on net worth+14.2%+24.1%+24.0%+3.1%
Debt / equity0.370.220.040.35
Long-term debt / equity0.310.200.030.00
Interest cover9.082.171.5644.31
Efficiency & per share
Fixed asset turnover1.972.744.102.85
Inventory turnover4.805.758.398.66
Debtors turnover7.918.107.596.94
EPS (₹)103.95132.8798.447.96
Dividend per share (₹)54.0031.0098.004.00
Book value per share (₹)776.75692.85410.88276.88
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue780768656648615721702691
Revenue growth (YoY)+26.7%+6.5%-6.5%-6.3%-5.8%+3.2%--
Other income1.362.492.411.232.281.891.271.37
Total expenses697569532576536637620617
EBITDA83.1219912471.4379.4884.2381.7474.04
EBITDA margin+10.7%+25.9%+18.9%+11.0%+12.9%+11.7%+11.6%+10.7%
Depreciation13.4213.3312.7611.8711.6310.8210.0410.01
Interest2.101.371.301.081.741.450.951.11
Profit before tax68.9618711259.7168.3973.8572.0264.29
Tax17.7649.3828.0515.4117.6118.9818.8616.59
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,6742,7742,2552,3722,1791,6311,579
Revenue growth-3.6%+23.0%-5.0%+8.9%+33.6%+3.3%-
Other income6.4310.789.2615.1013.8813.056.78
Total expenses2,3132,4281,9902,0971,7041,2181,552
Employee cost75.2370.3167.2072.2374.3770.8157.87
EBITDA36134526427647541427.18
EBITDA margin+13.5%+12.5%+11.7%+11.6%+21.8%+25.4%+1.7%
Depreciation47.0839.3036.7838.0237.6336.0331.57
Interest6.423.973.555.768.2314.6415.90
Profit before tax314313233247443376(13.51)
Tax80.0480.8060.0963.9512095.86(3.98)
Net profit23522817218032327729.12
Net profit margin+8.8%+8.2%+7.6%+7.6%+14.8%+17.0%+1.8%
EPS (₹)133.18131.9998.44104.04183.41159.34(5.41)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital17.5917.5917.5917.5917.5917.5917.59
Reserves & surplus973833705697839871592
Shareholders' funds (net worth)990851723715856889609
Secured loans0.000.000.000.000.000.0029.02
Unsecured loans63.0519.4127.3435.0852.2798.39195
Total debt63.0519.4127.3435.0852.2798.39224
Total liabilities1,1049107797789341,023868
Assets
Gross block689607550532535527487
Net block350314295309343369365
Capital work in progress10228.5228.0911.887.0529.7156.27
Investments11436.5557.861.031.290.580.18
Inventories460576269346341290268
Sundry debtors362347297319307306172
Cash & bank balances30.8648.6056.612451792423.44
Loans & advances25.1315.4316.3912.6933.1466.0381.68
Total current assets878987639922860904526
Total current liabilities364472247472284280179
Net working capital514516391450577624347
Total assets1,1049107797789341,023868
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash45.8554.481031661393.1645.40
Net cash from operating activities268147216270356385166
Net cash from investing activities(168)(37.24)(87.96)(136)82.94(112)(83.60)
Net cash from financing activities(118)(118)(177)(198)(412)(137)(124)
Net change in cash(18.21)(8.63)(48.30)(63.30)27.21136(42.25)
Closing cash30.8648.6056.612451792423.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.6%+23.0%-5.0%+8.9%+33.6%+3.3%-
EBITDA growth+4.6%+30.7%-4.1%-41.9%+14.7%+1422.0%-
PBT growth+0.4%+34.2%-5.6%-44.2%+17.7%+9998.0%+26.9%
Net income growth+2.9%+32.5%-4.4%-44.2%+16.5%+851.0%-
Revenue CAGR (3Y)+4.1%+8.4%+11.4%+14.5%+1.4%-4.9%+2.1%
EBITDA CAGR (3Y)+9.5%-10.0%-13.9%+116.5%+289.8%+45.2%-41.4%
Profitability & leverage
Net income margin+8.8%+8.4%+7.7%+7.7%+14.8%+17.2%-0.6%
Return on capital employed+31.9%+37.5%+30.4%+29.5%+46.1%+41.3%+4.5%
Return on net worth+25.5%+29.5%+24.1%+23.3%+37.0%+37.4%+4.7%
Debt / equity0.040.030.040.060.090.220.40
Long-term debt / equity0.030.020.030.050.070.120.16
Interest cover2.041.301.562.421.883.88-362.19
Efficiency & per share
Fixed asset turnover4.134.804.174.454.103.224.01
Inventory turnover5.176.577.346.916.905.845.41
Debtors turnover7.548.617.337.597.126.827.74
EPS (₹)133.18131.9998.44104.04183.41159.34(5.41)
Dividend per share (₹)54.0031.0098.00104.00297.0010.000.00
Book value per share (₹)563.05483.62410.88406.34487.01505.40346.47

Investments & Acquisitions by Styrenix Performance Materials

Styrenix Performance Materials has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include INEOS Styrolution.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
INEOS Styrolution
Styrene monomer and polystyrene manufacturing is conducted by INEOS Styrolution.
ineos-styrolution.comFrankfurt, Germany2011Dec 2024••••
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Timeline of Styrenix Performance Materials

3 dated milestones of Styrenix Performance Materials across 29 years, from founding to its latest funding, stage changes and deals.

  1. IPO Lists on the stock exchange (IPO).
  2. Founded Styrenix Performance Materials is founded.
  3. Acquisition Acquires INEOS Styrolution.

Web traffic of Styrenix Performance Materials

The website of Styrenix Performance Materials (styrenix.com) receives about 1.7K visits a month.

  • Monthly visits
    1.7K

    ▼ 28% vs previous month

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Frequently Asked Questions about Styrenix Performance Materials

Styrenix Performance Materials was founded in 2022.

Styrenix Performance Materials is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.

Styrenix Performance Materials has 461 employees.

The primary company behind Styrenix Performance Materials, Styrenix Performance Materials Limited, reported revenue of ₹3,454 Cr for FY 2026, up 15% year on year.

Styrenix Performance Materials was established in 2022 and is based in Vadodara, India. The company operates within the performance materials sector, specializing in styrenic compounds for industrial applications. Production and development activities are conducted primarily in India, supporting sectors such as packaging and automotive. Headquarters in Vadodara facilitate regional operations, with a focus on material innovation and supply chain management.

Styrenix Performance Materials offers Absolac® ABS and Absolan® SAN.

Yes, Styrenix Performance Materials is publicly traded on NSE under the ticker symbol STYRENIX.

Styrenix Performance Materials has made 1 acquisition, including INEOS Styrolution.

Styrenix Performance Materials operates through Styrenix Performance Materials Limited.

The legal entities of Styrenix Performance Materials currently have 10 directors, including Rakesh Shiwebhagwan Agrawal, Vishal Rakesh Agrawal, Milin Kaimas Mehta and others.

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