- Total income
- ₹7,080 Cr
- Profit
- ₹209 Cr

About Polyplex Corporation Limited
Data last updated:
Polyplex Corporation Limited is a public limited company based in Uttranchal, Uttarakhand, India. It operates in the packaging films and foils segment of the packaging sector. It was incorporated on 18 October 1984 and has been in existence for over 42 years.
Polyplex Corporation is ranked #351 on the Fortune India 500 (2025). Its director Sanjiv Saraf and family are #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN L25209UR1984PLC011596. Its GSTIN is 05AAACP0278J1ZI (Uttarakhand). The company holds 4 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 524051 and NSE: POLYPLEX.
The company has an authorised share capital of ₹34 Cr and a paid-up capital of ₹31.39 Cr. It is led by directors including Pranay Kothari (Whole-Time Director) and Ranjit Singh.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Lohia Head Road Khatima Distt. Udham Singh Nagarl, Uttranchal, Uttarakhand, India.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹7,085.86 Cr, a growth of 2.9% compared to the previous year. For the same year it recorded a net profit of ₹21.57 Cr (net margin 0.3%) and EBITDA of ₹349.35 Cr (EBITDA margin 4.9%). The net worth stands at ₹4,239.92 Cr (up 12.7% YoY). Total assets are valued at ₹8,028.69 Cr (up 12.6% YoY).
The company has about 355 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Polyplex and Polyplex Thailand. As per MCA filings, the company has open charges of ₹863.6 Cr and satisfied charges of ₹1,431.54 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website polyplex.com.
Company details
CIN history
Polyplex Corporation has one previous CIN (Corporate Identification Number): L25209UR1990PLC011596. The current CIN is L25209UR1984PLC011596, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L25209UR1984PLC011596 | Current |
| L25209UR1990PLC011596 | Previous |
Recognitions & Rankings of Polyplex Corporation
- #1,055 Sanjiv Saraf & family ₹2,500 Cr
Contact details
Polyplex Corporation Limited's registered office is in Uttranchal, Uttarakhand. Its website is polyplex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressLohia Head Road Khatima Distt. Udham Singh Nagarl, Uttranchal, Uttarakhand, India
- IndustryPackaging, Packaging Films & Foils
To see the full contact details of Polyplex Corporation Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Polyplex Corporation operates two associated brands: Polyplex and Polyplex Thailand. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Thin PET films are manufactured for industrial applications worldwide. | polyplex.com | |
| Thin PET film is manufactured for industrial applications in Thailand. | polyplexthailand.com |
Business activity
The main business activity of Polyplex Corporation is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Polyplex Corporation Limited, buy the company report.
Financials of Polyplex Corporation Limited
FY 2025-26 filings availablePolyplex Corporation Limited reported revenue of ₹7,085.86 Cr (up 2.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 7,086 | 6,885 | 6,307 | 7,652 | 6,624 | 4,918 | 4,487 |
| Revenue growth | +2.9% | +9.2% | -17.6% | +15.5% | +34.7% | +9.6% | - |
| EBITDA | 349 | 696 | 365 | 947 | 1,308 | 1,217 | 781 |
| EBITDA margin | +4.9% | +10.1% | +5.8% | +12.4% | +19.7% | +24.7% | +17.4% |
| Profit before tax | 20.39 | 445 | 75.91 | 711 | 1,147 | 979 | 640 |
| Net profit | 21.57 | 206 | 38.79 | 348 | 569 | 512 | 228 |
| Net profit margin | +0.3% | +3.0% | +0.6% | +4.6% | +8.6% | +10.4% | +5.1% |
| EPS (₹) | 14.06 | 65.44 | 11.83 | 108.96 | 177.91 | 160.08 | 86.61 |
| Balance sheet | |||||||
| Total assets | 8,029 | 7,128 | 6,589 | 6,593 | 6,289 | 5,523 | 5,268 |
| Net worth | 4,240 | 3,763 | 3,511 | 3,483 | 3,316 | 3,053 | 3,029 |
| Total debt | 935 | 882 | 748 | 799 | 946 | 695 | 758 |
| Cash & bank | 825 | 730 | 706 | 980 | 906 | 952 | 961 |
| Net working capital | 3,088 | 2,739 | 2,533 | 2,833 | 2,671 | 2,031 | 2,047 |
| Cash flow | |||||||
| Cash from operations | 537 | 438 | 455 | 802 | 560 | 1,102 | 731 |
| Cash from investing | (480) | (464) | (804) | 15.62 | 40.76 | (451) | (323) |
| Cash from financing | (133) | (37.54) | (152) | (657) | (232) | (660) | (298) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,254 | 1,871 | 1,682 | 1,794 | 1,739 | 1,740 | 1,721 | 1,739 |
| Revenue growth (YoY) | +29.6% | +7.5% | -2.3% | +3.2% | +3.2% | - | - | - |
| Other income | 25.47 | 61.86 | 27.26 | 22.77 | 29.79 | 17.73 | 107 | 100 |
| EBITDA | 296 | 88.20 | 105 | 103 | (0.61) | 63.90 | 121 | 191 |
| EBITDA margin | +13.2% | +4.7% | +6.2% | +5.7% | -0.0% | +3.7% | +7.0% | +11.0% |
| Depreciation | 94.35 | 94.29 | 94.46 | 88.80 | 85.67 | 76.08 | 75.61 | 78.70 |
| Interest | 16.90 | 13.21 | 12.95 | 13.04 | 14.11 | 11.16 | 11.52 | 10.57 |
| Profit before tax | 211 | 42.56 | 24.97 | 23.46 | (70.60) | (5.61) | 142 | 202 |
| Tax | 39.58 | 4.93 | (4.64) | (10.04) | (10.79) | 3.04 | 36.42 | 37.88 |
| Net profit | 171 | 37.63 | 29.61 | 33.50 | (59.81) | (8.65) | 105 | 164 |
| EPS (₹) | 29.00 | 7.90 | 4.70 | 7.87 | (6.15) | 3.22 | 18.40 | 27.97 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,497 | 1,563 | 1,414 | 1,648 | 1,785 | 1,299 | 1,273 |
| Revenue growth | -4.2% | +10.5% | -14.2% | -7.7% | +37.4% | +2.1% | - |
| EBITDA | 74.24 | 110 | (1.64) | 113 | 271 | 221 | 150 |
| EBITDA margin | +5.0% | +7.0% | -0.1% | +6.9% | +15.2% | +17.0% | +11.8% |
| Profit before tax | 74.12 | 101 | (13.59) | 322 | 555 | 499 | 313 |
| Net profit | 59.39 | 77.01 | (9.17) | 295 | 492 | 453 | 230 |
| Net profit margin | +4.0% | +4.9% | -0.7% | +17.9% | +27.5% | +34.9% | +18.1% |
| EPS (₹) | 18.52 | 24.11 | (2.83) | 92.15 | 153.72 | 141.81 | 70.58 |
| Balance sheet | |||||||
| Total assets | 1,002 | 842 | 785 | 726 | 825 | 723 | 792 |
| Net worth | 754 | 713 | 669 | 694 | 732 | 557 | 616 |
| Total debt | 241 | 128 | 111 | 26.43 | 88.05 | 161 | 167 |
| Cash & bank | 63.30 | 24.80 | 24.50 | 29.90 | 23.17 | 41.37 | 7.34 |
| Net working capital | 446 | 400 | 424 | 356 | 407 | 319 | 293 |
| Cash flow | |||||||
| Cash from operations | 100 | 112 | (43.58) | 158 | 142 | 157 | 155 |
| Cash from investing | (138) | (88.81) | (8.00) | 225 | 271 | 351 | 67.68 |
| Cash from financing | 79.18 | (23.50) | 55.71 | (386) | (410) | (498) | (221) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 440 | 401 | 331 | 373 | 392 | 382 | 405 | 393 |
| Revenue growth (YoY) | +12.1% | +5.1% | -18.3% | -5.1% | +2.4% | - | - | - |
| Other income | 7.10 | 21.64 | 6.54 | 15.53 | 15.15 | 20.17 | 11.48 | 11.25 |
| Total expenses | 413 | 371 | 332 | 355 | 365 | 344 | 370 | 373 |
| EBITDA | 26.07 | 30.86 | (0.82) | 17.60 | 26.61 | 38.17 | 35.39 | 20.00 |
| EBITDA margin | +5.9% | +7.7% | -0.2% | +4.7% | +6.8% | +10.0% | +8.7% | +5.1% |
| Depreciation | 12.41 | 14.42 | 13.46 | 11.50 | 10.20 | 12.18 | 12.82 | 12.00 |
| Interest | 3.93 | 2.65 | 2.49 | 2.25 | 2.01 | 2.76 | 3.02 | 2.50 |
| Profit before tax | 16.83 | 35.43 | (10.23) | 19.38 | 29.55 | 43.40 | 31.03 | 16.75 |
| Tax | 4.35 | 6.74 | (2.53) | 3.25 | 7.46 | 6.73 | 11.84 | 2.05 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,254 | 1,871 | 1,682 | 1,794 | 1,739 | 1,740 | 1,721 | 1,739 |
| Revenue growth (YoY) | +29.6% | +7.5% | -2.3% | +3.2% | +3.2% | - | - | - |
| Other income | 25.47 | 61.86 | 27.26 | 22.77 | 29.79 | 17.73 | 107 | 100 |
| EBITDA | 296 | 88.20 | 105 | 103 | (0.61) | 63.90 | 121 | 191 |
| EBITDA margin | +13.2% | +4.7% | +6.2% | +5.7% | -0.0% | +3.7% | +7.0% | +11.0% |
| Depreciation | 94.35 | 94.29 | 94.46 | 88.80 | 85.67 | 76.08 | 75.61 | 78.70 |
| Interest | 16.90 | 13.21 | 12.95 | 13.04 | 14.11 | 11.16 | 11.52 | 10.57 |
| Profit before tax | 211 | 42.56 | 24.97 | 23.46 | (70.60) | (5.61) | 142 | 202 |
| Tax | 39.58 | 4.93 | (4.64) | (10.04) | (10.79) | 3.04 | 36.42 | 37.88 |
| Net profit | 171 | 37.63 | 29.61 | 33.50 | (59.81) | (8.65) | 105 | 164 |
| EPS (₹) | 29.00 | 7.90 | 4.70 | 7.87 | (6.15) | 3.22 | 18.40 | 27.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7,086 | 6,885 | 6,307 | 7,652 | 6,624 | 4,918 | 4,487 |
| Revenue growth | +2.9% | +9.2% | -17.6% | +15.5% | +34.7% | +9.6% | - |
| Other income | 87.57 | 95.38 | 60.26 | 95.19 | 128 | 59.05 | 131 |
| Total expenses | 6,737 | 6,189 | 5,942 | 6,705 | 5,316 | 3,701 | 3,706 |
| Employee cost | 763 | 616 | 586 | 490 | 482 | 424 | 387 |
| EBITDA | 349 | 696 | 365 | 947 | 1,308 | 1,217 | 781 |
| EBITDA margin | +4.9% | +10.1% | +5.8% | +12.4% | +19.7% | +24.7% | +17.4% |
| Depreciation | 363 | 300 | 307 | 296 | 273 | 280 | 253 |
| Interest | 53.31 | 46.08 | 42.38 | 35.27 | 16.50 | 17.58 | 18.02 |
| Profit before tax | 20.39 | 445 | 75.91 | 711 | 1,147 | 979 | 640 |
| Tax | (20.54) | 87.63 | (10.47) | 95.28 | 182 | 117 | 146 |
| Net profit | 21.57 | 206 | 38.79 | 348 | 569 | 512 | 228 |
| Net profit margin | +0.3% | +3.0% | +0.6% | +4.6% | +8.6% | +10.4% | +5.1% |
| EPS (₹) | 14.06 | 65.44 | 11.83 | 108.96 | 177.91 | 160.08 | 86.61 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.97 | 31.97 | 31.97 | 31.97 | 31.97 | 31.97 | 32.56 |
| Reserves & surplus | 4,205 | 3,729 | 3,477 | 3,448 | 3,284 | 3,021 | 2,997 |
| Shareholders' funds (net worth) | 4,240 | 3,763 | 3,511 | 3,483 | 3,316 | 3,053 | 3,029 |
| Minority interest | 2,797 | 2,458 | 2,300 | 2,286 | 2,006 | 1,755 | 1,457 |
| Secured loans | 511 | 517 | 542 | 530 | 650 | 528 | 541 |
| Unsecured loans | 424 | 365 | 205 | 269 | 296 | 167 | 217 |
| Total debt | 935 | 882 | 748 | 799 | 946 | 695 | 758 |
| Total liabilities | 8,029 | 7,128 | 6,589 | 6,593 | 6,289 | 5,523 | 5,268 |
| Assets | |||||||
| Gross block | 8,958 | 7,966 | 6,620 | 6,648 | 6,124 | 5,486 | 5,279 |
| Net block | 4,226 | 3,944 | 3,002 | 3,252 | 3,152 | 2,759 | 2,824 |
| Capital work in progress | 70.00 | 36.47 | 628 | 196 | 126 | 325 | 29.79 |
| Investments | 348 | 340 | 374 | 275 | 276 | 288 | 233 |
| Inventories | 1,712 | 1,566 | 1,346 | 1,363 | 1,309 | 814 | 678 |
| Sundry debtors | 1,125 | 1,016 | 971 | 921 | 1,104 | 670 | 679 |
| Cash & bank balances | 825 | 730 | 706 | 980 | 906 | 952 | 961 |
| Loans & advances | 267 | 205 | 266 | 262 | 187 | 184 | 183 |
| Total current assets | 3,929 | 3,517 | 3,290 | 3,527 | 3,505 | 2,620 | 2,501 |
| Total current liabilities | 841 | 779 | 757 | 694 | 834 | 589 | 454 |
| Net working capital | 3,088 | 2,739 | 2,533 | 2,833 | 2,671 | 2,031 | 2,047 |
| Total assets | 8,029 | 7,128 | 6,589 | 6,593 | 6,289 | 5,523 | 5,268 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 399 | 463 | 965 | 804 | 436 | 444 | 334 |
| Net cash from operating activities | 537 | 438 | 455 | 802 | 560 | 1,102 | 731 |
| Net cash from investing activities | (480) | (464) | (804) | 15.62 | 40.76 | (451) | (323) |
| Net cash from financing activities | (133) | (37.54) | (152) | (657) | (232) | (660) | (298) |
| Net change in cash | (76.20) | (63.87) | (501) | 160 | 369 | (8.06) | 110 |
| Closing cash | 825 | 730 | 706 | 980 | 906 | 952 | 961 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +2.9% | +9.2% | -17.6% | +15.5% | +34.7% | +9.6% | - |
| EBITDA growth | -49.8% | +90.6% | -61.5% | -27.6% | +7.5% | +55.9% | - |
| PBT growth | -95.4% | +486.7% | -89.3% | -38.0% | +17.2% | +52.9% | -2.5% |
| Net income growth | -89.5% | +431.7% | -88.9% | -38.8% | +11.1% | +124.3% | - |
| Revenue CAGR (3Y) | -2.5% | +1.3% | +8.6% | +19.5% | +13.2% | +11.3% | +11.9% |
| EBITDA CAGR (3Y) | -28.3% | -19.0% | -33.1% | +6.7% | +21.4% | +35.0% | +20.8% |
| Profitability & leverage | |||||||
| Net income margin | +0.6% | +5.2% | +1.4% | +8.0% | +14.6% | +17.5% | +11.0% |
| Return on capital employed | +1.4% | +11.0% | +2.8% | +17.4% | +28.9% | +26.3% | +16.0% |
| Return on net worth | +0.4% | +9.8% | +2.5% | +18.1% | +30.3% | +28.3% | +15.2% |
| Debt / equity | 0.23 | 0.22 | 0.22 | 0.26 | 0.26 | 0.24 | 0.27 |
| Long-term debt / equity | 0.07 | 0.10 | 0.11 | 0.13 | 0.13 | 0.13 | 0.12 |
| Interest cover | -384.35 | 11.63 | 73.03 | 5.42 | 1.59 | 1.88 | 3.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.84 | 0.94 | 0.95 | 1.20 | 1.14 | 0.91 | 0.93 |
| Inventory turnover | 4.32 | 4.73 | 4.66 | 5.73 | 6.24 | 6.59 | 6.69 |
| Debtors turnover | 6.62 | 6.93 | 6.66 | 7.56 | 7.47 | 7.29 | 7.01 |
| EPS (₹) | 14.06 | 65.44 | 11.83 | 108.96 | 177.91 | 160.08 | 86.61 |
| Dividend per share (₹) | 3.00 | 13.50 | 3.00 | 88.00 | 104.00 | 164.00 | 17.00 |
| Book value per share (₹) | 1,325.39 | 1,176.28 | 1,097.44 | 1,088.62 | 1,037.31 | 954.99 | 930.27 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 440 | 401 | 331 | 373 | 392 | 382 | 405 | 393 |
| Revenue growth (YoY) | +12.1% | +5.1% | -18.3% | -5.1% | +2.4% | - | - | - |
| Other income | 7.10 | 21.64 | 6.54 | 15.53 | 15.15 | 20.17 | 11.48 | 11.25 |
| Total expenses | 413 | 371 | 332 | 355 | 365 | 344 | 370 | 373 |
| EBITDA | 26.07 | 30.86 | (0.82) | 17.60 | 26.61 | 38.17 | 35.39 | 20.00 |
| EBITDA margin | +5.9% | +7.7% | -0.2% | +4.7% | +6.8% | +10.0% | +8.7% | +5.1% |
| Depreciation | 12.41 | 14.42 | 13.46 | 11.50 | 10.20 | 12.18 | 12.82 | 12.00 |
| Interest | 3.93 | 2.65 | 2.49 | 2.25 | 2.01 | 2.76 | 3.02 | 2.50 |
| Profit before tax | 16.83 | 35.43 | (10.23) | 19.38 | 29.55 | 43.40 | 31.03 | 16.75 |
| Tax | 4.35 | 6.74 | (2.53) | 3.25 | 7.46 | 6.73 | 11.84 | 2.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,497 | 1,563 | 1,414 | 1,648 | 1,785 | 1,299 | 1,273 |
| Revenue growth | -4.2% | +10.5% | -14.2% | -7.7% | +37.4% | +2.1% | - |
| Other income | 58.86 | 48.53 | 37.48 | 257 | 337 | 339 | 220 |
| Total expenses | 1,423 | 1,453 | 1,415 | 1,535 | 1,514 | 1,078 | 1,123 |
| Employee cost | 122 | 117 | 123 | 96.94 | 110 | 91.16 | 84.26 |
| EBITDA | 74.24 | 110 | (1.64) | 113 | 271 | 221 | 150 |
| EBITDA margin | +5.0% | +7.0% | -0.1% | +6.9% | +15.2% | +17.0% | +11.8% |
| Depreciation | 49.58 | 47.44 | 46.05 | 47.92 | 51.20 | 57.39 | 54.51 |
| Interest | 9.40 | 10.08 | 3.38 | 0.71 | 2.21 | 2.87 | 2.76 |
| Profit before tax | 74.12 | 101 | (13.59) | 322 | 555 | 499 | 313 |
| Tax | 14.92 | 23.86 | (4.53) | 26.86 | 63.07 | 45.49 | 83.23 |
| Net profit | 59.39 | 77.01 | (9.17) | 295 | 492 | 453 | 230 |
| Net profit margin | +4.0% | +4.9% | -0.7% | +17.9% | +27.5% | +34.9% | +18.1% |
| EPS (₹) | 18.52 | 24.11 | (2.83) | 92.15 | 153.72 | 141.81 | 70.58 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 31.97 | 31.97 | 31.97 | 31.97 | 31.97 | 31.97 | 32.56 |
| Reserves & surplus | 719 | 679 | 634 | 660 | 700 | 525 | 584 |
| Shareholders' funds (net worth) | 754 | 713 | 669 | 694 | 732 | 557 | 616 |
| Secured loans | 163 | 87.25 | 88.83 | 26.24 | 81.90 | 148 | 152 |
| Unsecured loans | 77.78 | 41.18 | 22.19 | 0.19 | 6.15 | 13.12 | 15.08 |
| Total debt | 241 | 128 | 111 | 26.43 | 88.05 | 161 | 167 |
| Total liabilities | 1,002 | 842 | 785 | 726 | 825 | 723 | 792 |
| Assets | |||||||
| Gross block | 1,284 | 1,215 | 1,196 | 1,157 | 1,142 | 1,115 | 1,099 |
| Net block | 294 | 261 | 286 | 293 | 314 | 327 | 360 |
| Capital work in progress | 41.03 | 14.90 | 2.02 | 10.24 | 6.60 | 5.41 | 5.40 |
| Investments | 85.01 | 82.04 | 48.99 | 46.99 | 81.99 | 48.99 | 119 |
| Inventories | 220 | 216 | 199 | 207 | 196 | 151 | 143 |
| Sundry debtors | 177 | 179 | 193 | 123 | 193 | 141 | 141 |
| Cash & bank balances | 63.30 | 24.80 | 24.50 | 29.90 | 23.17 | 41.37 | 7.34 |
| Loans & advances | 63.72 | 57.75 | 67.78 | 61.65 | 80.30 | 91.03 | 67.81 |
| Total current assets | 525 | 478 | 484 | 422 | 492 | 425 | 360 |
| Total current liabilities | 78.39 | 78.07 | 59.84 | 65.40 | 85.20 | 106 | 67.11 |
| Net working capital | 446 | 400 | 424 | 356 | 407 | 319 | 293 |
| Total assets | 1,002 | 842 | 785 | 726 | 825 | 723 | 792 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 17.76 | 18.54 | 14.41 | 16.60 | 14.32 | 4.03 | 2.43 |
| Net cash from operating activities | 100 | 112 | (43.58) | 158 | 142 | 157 | 155 |
| Net cash from investing activities | (138) | (88.81) | (8.00) | 225 | 271 | 351 | 67.68 |
| Net cash from financing activities | 79.18 | (23.50) | 55.71 | (386) | (410) | (498) | (221) |
| Net change in cash | 41.25 | (0.78) | 4.13 | (2.19) | 2.28 | 10.29 | 1.61 |
| Closing cash | 63.30 | 24.80 | 24.50 | 29.90 | 23.17 | 41.37 | 7.34 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -4.2% | +10.5% | -14.2% | -7.7% | +37.4% | +2.1% | - |
| EBITDA growth | -32.5% | +6803.1% | -101.5% | -58.3% | +22.9% | +46.8% | - |
| PBT growth | -26.6% | +9998.0% | - | -42.0% | +11.2% | +59.4% | +9.0% |
| Net income growth | -22.9% | +939.8% | -103.1% | -40.1% | +8.4% | +97.3% | - |
| Revenue CAGR (3Y) | -3.2% | -4.3% | +2.9% | +9.0% | +9.8% | +6.1% | +10.5% |
| EBITDA CAGR (3Y) | -13.1% | -26.0% | - | -9.1% | +23.1% | +41.0% | +24.9% |
| Profitability & leverage | |||||||
| Net income margin | +4.0% | +4.9% | -0.6% | +17.9% | +27.5% | +34.9% | +18.1% |
| Return on capital employed | +9.1% | +13.7% | -1.4% | +41.6% | +71.9% | +66.3% | +40.3% |
| Return on net worth | +8.1% | +11.2% | -1.3% | +41.3% | +76.3% | +77.3% | +39.2% |
| Debt / equity | 0.25 | 0.17 | 0.10 | 0.08 | 0.19 | 0.28 | 0.33 |
| Long-term debt / equity | 0.11 | 0.04 | 0.00 | 0.01 | 0.05 | 0.11 | 0.17 |
| Interest cover | 38.12 | 16.13 | -7.09 | 1.09 | 1.01 | 1.76 | 2.88 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.20 | 1.30 | 1.20 | 1.43 | 1.58 | 1.17 | 1.20 |
| Inventory turnover | 6.86 | 7.53 | 6.97 | 8.19 | 10.29 | 8.82 | 8.28 |
| Debtors turnover | 8.40 | 8.40 | 8.95 | 10.41 | 10.67 | 9.19 | 8.11 |
| EPS (₹) | 18.52 | 24.11 | (2.83) | 92.15 | 153.72 | 141.81 | 70.58 |
| Dividend per share (₹) | 3.00 | 13.50 | 3.00 | 88.00 | 104.00 | 164.00 | 17.00 |
| Book value per share (₹) | 234.99 | 222.34 | 208.44 | 216.41 | 228.96 | 174.15 | 189.29 |
To see the full year-wise statements and ratios of Polyplex Corporation Limited, buy the company report.
Board of directors of Polyplex Corporation Limited
Polyplex Corporation has 9 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Peer comparison
Polyplex Corporation Limited is compared with the 5 companies closest to it by revenue in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Uflex Limited | ₹15,184 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Polyplex Corporation Limitedthis company | ₹7,085.86 Cr (FY 2026) | ₹21.57 Cr | 0.3% | 2.9% | 355 | Uttranchal, Uttarakhand, India |
| Avery Dennison (India) Private Limited | ₹3,398.35 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Chiripal Poly Films Limited | ₹3,247.42 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Vacmet India Limited | ₹3,009.64 Cr (FY 2025) | 11.0% | Agra, Uttar Pradesh, India | |||
| Cosmo First Limited | ₹2,969.57 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Polyplex Corporation Limited, buy the company report.
Auditor
Polyplex Corporation Limited is audited by S S Kothari Mehta & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S Kothari Mehta & Co. | FY 2024 | 000756N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 26.70%, foreign institutional investors hold 10.20%, domestic institutional investors hold 2.90% and retail and other public shareholders hold 60.20%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 26.70% | 26.70% | 26.70% | 26.70% |
| Public | 73.30% | 73.30% | 73.30% | 73.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2026 | 101276647 | Axis Bank Limited | ₹67 Cr | Open | |
| 16 Oct 2025 | 101181744 | Hdfc Bank Limited | ₹280 Cr | Open | |
| 09 Oct 2024 | 100995254 | Hdfc Bank Limited | ₹100 Cr | Open | |
| 10 Dec 2018 | 100227476 | Idbi Bank Limited | ₹65 Cr | Open | |
| 29 May 2018 | 100185137 | Others | ₹45 Cr | Open |
To see the full charge records of Polyplex Corporation Limited, buy the company report.
Total charge records: 46 View all charges
Legal cases
Polyplex Corporation Limited has 8 court cases on record: 4 filed by Polyplex Corporation, 4 filed against it. 1 case is pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 0 |
| High courts | 1 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Smart Identity Devices Pvt. Ltd. | Disposed |
| High Court, UTTARAKHAND | Court case (WPMS) | Filed by the company against Union of India and 5 others | Pending |
| District court, Jabalpur, Madhya Pradesh | Court case (MJC SUC) | Filed against the company by individuals | Disposed |
| District court, West, Delhi | Court case (Succ. Court) | Filed against the company by an individual | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Polyplex Corporation Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polyplex Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Polyplex Corporation Limited has a workforce of 355 employees on its EPFO records as of Apr 01, 2024, across 2 active EPFO establishments.
GST
Polyplex Corporation has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAACP0278J1ZI | Uttarakhand | Active | 01 Jul 2017 |
| 09AAACP0278J1ZA | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AAACP0278J2Z9 | Uttar Pradesh | Active | 31 Aug 2017 |
| 07AAACP0278J1ZE | Delhi | Active | 01 Dec 2017 |
To see the full GST registrations and return filing status of Polyplex Corporation Limited, buy the company report.
Recent activity
Polyplex Corporation Limited has 31 board changes on record since 1984: 21 appointments and 10 cessations. The latest: Rakesh Bhartia was appointed as Director on 12 May 2026.
132 earlier events are in the company report.
News
Frequently asked questions
Polyplex Corporation is an active public limited company based in Uttranchal, Uttarakhand, India. The company works in packaging films and foils, within the packaging industry. It was incorporated on 18 October 1984 (42+ years old) and is registered under CIN L25209UR1984PLC011596. Listed on BSE: 524051 and NSE: POLYPLEX.
Polyplex Corporation reported revenue of ₹7,085.86 Cr for FY 2025-26 (up 2.9% YoY) based on consolidated financials.
Polyplex Corporation has 9 current directors:
- Pranay Kothari - Whole-Time Director
- Ranjit Singh - Director
- Sanjiv Saraf - Director
- Shalini Sarin - Director
- Hemant Sahai - Director
- Sandip Das - Director
- Yogesh Kapur - Director
- Iyad Malas - Director
- Rakesh Bhartia - Director
The latest financial statements of Polyplex Corporation on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Polyplex Corporation is 05AAACP0278J1ZI, registered in Uttarakhand. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 09AAACP0278J1ZA (Uttar Pradesh), 09AAACP0278J2Z9 (Uttar Pradesh), 07AAACP0278J1ZE (Delhi).
The CIN (Corporate Identification Number) of Polyplex Corporation is L25209UR1984PLC011596. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Polyplex Corporation is a listed company as per MCA records. Its shares are listed on both BSE (code: 524051) and NSE (symbol: POLYPLEX).
Polyplex Corporation has 8 court cases on record: 4 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Polyplex Corporation was incorporated on 18 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Uttarakhand.
The peers of Polyplex Corporation by revenue are Uflex Limited, Avery Dennison (India) Private Limited, Chiripal Poly Films Limited, Vacmet India Limited, Cosmo First Limited, all in the Packaging industry (Films and Foils), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rakesh Bhartia was appointed as Director on 12 May 2026. Shalini Sarin was appointed as Director on 30 Mar 2025. Pooja Haldea ceased to be Director on 29 Mar 2025. Polyplex Corporation has 31 board changes on record in total.