Styrenix Performance Materials Limited - manufacturing in Vadodara, Gujarat, India. FY 2026 financials & compliance.
CIN L25200GJ1973PLC002436 Incorporated 07 December 1973 ROC Ahmedabad HQ Vadodara, Gujarat, India
Active Listed - NSE: INEOSSTYRO · BSE: 506222 Public Limited Company manufacturing
Data last updated
Market Cap
₹3,673 Cr
STYRENIX · NSE
Share Price
₹2,067.00
-1.02% today
Revenue
₹3,438 Cr
FY 2025-26 · +17.7% YoY
EBITDA
₹342 Cr
Margin 9.9%
Net Profit
₹183 Cr
FY 2025-26 · -20.2% YoY
P/E (TTM)
13.7x
P/B 2.7x
ROE
14.2%
ROCE 13.1%
Debt / Equity
0.37
Interest cover 9.1x

About Styrenix Performance Materials Limited

Data last updated: 26 September 2026

Styrenix Performance Materials Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Shiva Performance Materials Private Limited. It specialises in plastic and resins, a part of the broader manufacturing sector. Incorporated on 07 December 1973, the company has been in operation for over 53 years.

Registered with ROC Ahmedabad under CIN L25200GJ1973PLC002436. Listed on BSE: 506222 and NSE: INEOSSTYRO.

Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹17.59 Cr. Formerly known as Abs Industries Limited and Lanxess Abs Limited. It is led by directors including Rakesh Shiwebhagwan Agrawal and Vishal Rakesh Agrawal.

Last AGM: 29 August 2025. Financial statements filed for year ended 31 March 2025. Office: 9Th Floor Shiva Sarabhai Complex, Dr. Vikram Sarabhai Marg Vadiwadi Vadodara, Gujarat, India – 390023.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,438.03 Cr, a growth of 15.28% compared to the previous year. The net worth stands at ₹1,366.31 Cr (up 12.11% YoY). Total assets are valued at ₹2,015.42 Cr (up 18.37% YoY).

The company has a workforce of approximately 461 employees as per the latest available data. It operates as a subsidiary of Shiva Performance Materials Private Limited.

The company is associated with 1 brand - Styrenix Performance Materials. As per MCA filings, the company has open charges of ₹652.16 Cr and satisfied charges of ₹487.96 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website styrenix.com.

Company Details of Styrenix Performance Materials Limited
CIN L25200GJ1973PLC002436
Registration Number 002436
Incorporation Date 07 December 1973
ROC Ahmedabad
Listing Status Listed (BSE: 506222, NSE: INEOSSTYRO)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Shiva Performance Materials Private Limited
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
    Locked
  • Registered Address
    9Th Floor Shiva Sarabhai Complex, Dr. Vikram Sarabhai Marg Vadiwadi Vadodara, Gujarat, India – 390023
  • Industry
    Manufacturing, Plastic & Resins
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Financials, compliance, directors, charges, ownership and filings for Styrenix Performance Materials Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Styrenix Performance Materials Limited

Styrenix Performance Materials Limited has undergone 6 name changes throughout its history. The current legal name is Styrenix Performance Materials Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Styrenix Performance Materials Limited Current
Abs Industries Limited Previous
Lanxess Abs Limited Previous
Abs Plastic Limited Previous
Bayer Abs Limited Previous
Ineos Abs (India) Limited Previous
Styrolution Abs (India) Limited Previous

Associated Brands with Styrenix Performance Materials Limited

Styrenix Performance Materials Limited operates one associated brand: Styrenix Performance Materials. These brands represent Styrenix Performance Materials Limited's diversified market presence and brand portfolio.

Brand Description Website
Styrenix Performance Materials was founded in 2022 in Vadodara, India. styrenix.com

Business Activity of Styrenix Performance Materials Limited

Styrenix Performance Materials Limited is engaged in the principal business activity of manufacturing, with detailed activities including plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C8 Plastic products, non-metallic mineral products, rubber products, fabricated metal products Locked
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Business activity turnover details for Styrenix Performance Materials Limited

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Auditor Details of Styrenix Performance Materials Limited

Styrenix Performance Materials Limited is audited by Deloitte Haskins & Sells for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
Deloitte Haskins & Sells Locked Locked Locked
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Complete auditor history for Styrenix Performance Materials Limited

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Board of Directors of Styrenix Performance Materials Limited

Styrenix Performance Materials Limited is currently managed by 8 directors, with 31 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Rakesh Shiwebhagwan Agrawal Whole-Time Director 17 Nov 2022 3 Years 10 Months Current
Vishal Rakesh Agrawal Managing Director 17 Nov 2022 3 Years 10 Months Current
Milin Kaimas Mehta Director 17 Nov 2022 3 Years 10 Months Current
Rahul Rakesh Agrawal Managing Director 17 Nov 2022 3 Years 10 Months Current
Ravishankar Kompalli Whole-Time Director 17 Nov 2022 3 Years 10 Months Current
Taneja Premkumar Director 17 Nov 2022 3 Years 10 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Styrenix Performance Materials Limited FY 2025-26 filings available

Styrenix Performance Materials Limited reported revenue of ₹3,438.03 Cr (up 15.28% YoY) for FY 2025-26.

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+17.7%+32.2%+27.3%+9997.0%
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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,011826869799944940691653
Revenue growth (YoY)+7.1%-12.1%+25.9%+22.3%+35.0%+57.0%+42.5%+9.8%
Other income3.3312.121.772.963.382.671.376.36
EBITDA22011638.6585.4796.4687.2474.0398.80
EBITDA margin+21.8%+14.0%+4.4%+10.7%+10.2%+9.3%+10.7%+15.1%
Depreciation30.5430.4029.2026.1624.7125.7910.019.91
Interest4.424.654.825.404.593.071.110.86
Profit before tax18993.066.4056.8770.5461.0564.2894.39
Tax50.3319.58(9.94)12.1518.626.3316.5924.30
Net profit13873.4816.3444.7251.9254.7247.6970.09
EPS (₹)78.6441.799.2924.4329.5231.1127.1239.86
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-4.8%+22.0%-5.1%+23.0%+40.0%-21.5%-25.5%
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)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue768656648615721702691653
Revenue growth (YoY)+6.5%-6.5%-6.3%-5.8%+3.2%+17.2%+42.5%+9.8%
Other income2.492.411.232.281.891.271.376.36
Total expenses569532576536637620617554
EBITDA19912471.4379.4884.2381.7474.0498.80
EBITDA margin+25.9%+18.9%+11.0%+12.9%+11.7%+11.6%+10.7%+15.1%
Depreciation13.3312.7611.8711.6310.8210.0410.019.91
Interest1.371.301.081.741.450.951.110.86
Profit before tax18711259.7168.3973.8572.0264.2994.39
Tax49.3828.0515.4117.6118.9818.8616.5924.30

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Sep 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,011826869799944940691653
Revenue growth (YoY)+7.1%-12.1%+25.9%+22.3%+35.0%+57.0%+42.5%+9.8%
Other income3.3312.121.772.963.382.671.376.36
EBITDA22011638.6585.4796.4687.2474.0398.80
EBITDA margin+21.8%+14.0%+4.4%+10.7%+10.2%+9.3%+10.7%+15.1%
Depreciation30.5430.4029.2026.1624.7125.7910.019.91
Interest4.424.654.825.404.593.071.110.86
Profit before tax18993.066.4056.8770.5461.0564.2894.39
Tax50.3319.58(9.94)12.1518.626.3316.5924.30
Net profit13873.4816.3444.7251.9254.7247.6970.09
EPS (₹)78.6441.799.2924.4329.5231.1127.1239.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2014-15
Revenue3,4382,9822,2552,040
Revenue growth+17.7%+32.2%+27.3%+9997.0%
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%+38.1%+9997.0%
EBITDA growth-2.7%+32.9%+285.6%+9997.0%
PBT growth-26.1%+29.5%+718.5%+9997.0%
Net income growth-20.2%+33.4%+1044.3%+9997.0%
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
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue768656648615721702691653
Revenue growth (YoY)+6.5%-6.5%-6.3%-5.8%+3.2%+17.2%+42.5%+9.8%
Other income2.492.411.232.281.891.271.376.36
Total expenses569532576536637620617554
EBITDA19912471.4379.4884.2381.7474.0498.80
EBITDA margin+25.9%+18.9%+11.0%+12.9%+11.7%+11.6%+10.7%+15.1%
Depreciation13.3312.7611.8711.6310.8210.0410.019.91
Interest1.371.301.081.741.450.951.110.86
Profit before tax18711259.7168.3973.8572.0264.2994.39
Tax49.3828.0515.4117.6118.9818.8616.5924.30
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-4.8%+22.0%-5.1%+23.0%+40.0%-21.5%-25.5%
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%-24.5%
EBITDA growth+4.6%+30.7%-4.1%-41.9%+14.7%+1422.0%+239.3%
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%+9998.0%
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
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Shareholding Pattern of Styrenix Performance Materials Limited

As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 46.20%, foreign institutional investors hold 0.90%, domestic institutional investors hold 17.40%, retail and other public shareholders hold 35.50% of Styrenix Performance Materials Limited.

Promoters: 46.20%DII (Domestic Institutional): 17.40%FII (Foreign Institutional): 0.90%Retail & Others: 35.50%
Jun 2026
QUARTER
46.20% Promoters
17.40% DII (Domestic Institutional)
0.90% FII (Foreign Institutional)
35.50% Retail & Others
Promoter holding - history
Now 46.20% · Jun 2026High 46.20% · Sep 2025Low 46.20% · Sep 2025
45%45.8%46.5%47.3%48%Sep 2025Dec 2025Mar 2026Jun 2026Sep 2025: 46.20%Dec 2025: 46.20%Mar 2026: 46.20%Jun 2026: 46.20%46.20%46.20%
Shareholding trend - last 6 quarters
Jun 2026Mar 2026Dec 2025Sep 2025
Promoters46.20%46.20%46.20%46.20%
Public53.80%53.80%53.80%53.80%

Charges & Borrowings of Styrenix Performance Materials Limited

Open charges
₹652.16 Cr
Satisfied charges
₹487.96 Cr
Breakdown by lending institutions
Others₹330.00 Cr
Hdfc Bank Limited₹250.00 Cr
The Hongkong and Shanghai Banking Corporation Limited₹70.00 Cr
Idbi Bank Limited₹0.82 Cr
Industrial Finance Corporation of India Limited₹0.52 Cr
Others₹0.82 Cr
Latest charge details
DateLenderAmountStatus
24 Mar 2023 Hdfc Bank Limited ₹250 Cr Open
22 Feb 2022 The Hongkong and Shanghai Banking Corporation Limited ₹70 Cr Open
27 Jan 2017 Others ₹330 Cr Open
27 Dec 1989 Idbi Bank Limited ₹80 Lakh Open
27 Dec 1989 Unit Trust of India ₹20 Lakh Open

Total charge records: 29 View all charges

Employees and EPFO Compliance at Styrenix Performance Materials Limited

Styrenix Performance Materials Limited has a workforce of 461 employees as of Apr 04, 2024.

Employee count
461
Active EPFO establishments
2
Employee growth
-2.54%
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GST Compliance of Styrenix Performance Materials Limited

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Credit Ratings, Litigation & Regulatory Alerts for Styrenix Performance Materials Limited

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MSME Payment Delays by Styrenix Performance Materials Limited

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MSME payment history for Styrenix Performance Materials Limited

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Subsidiaries & Group Companies of Styrenix Performance Materials Limited

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MCA Filings & Documents of Styrenix Performance Materials Limited

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MCA filings and documents for Styrenix Performance Materials Limited

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Recent Activity on Styrenix Performance Materials Limited

Activity
29 Aug 2025
Styrenix Performance Materials Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Charges
04 Aug 2025
A charge with Others of Rs. 330.00 Cr registered on 27 Jan 2017 with Charge ID 100077083 was modified on 04 Aug 2025.
Charges
30 Jul 2025
A charge registered on 05 Jun 2023 via Charge ID 100736564 with Others was fully satisfied on 30 Jul 2025.
Activity
31 Mar 2025
Styrenix Performance Materials Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Directors
28 Dec 2023
Chintankumar Sureshchandra Doshi was appointed as a Company Secretary on 28 Dec 2023 & has been associated with this company since 2 years 9 months.
Directors
24 Nov 2023
Bhupesh P Porwal was appointed as a Cfo on 24 Nov 2023 & has been associated with this company since 2 years 10 months.

Frequently Asked Questions about Styrenix Performance Materials Limited

Styrenix Performance Materials Limited is an active public limited company in the manufacturing sector based in Vadodara, Gujarat, India. It was incorporated on 07 December 1973 (53+ years old) and is registered under CIN L25200GJ1973PLC002436. Listed on BSE: 506222 and NSE: INEOSSTYRO. The company has 461 employees.

Styrenix Performance Materials Limited reported revenue of ₹3,438.03 Cr for FY 2025-26 (up 15.28% YoY) based on consolidated financials.

The current directors of Styrenix Performance Materials Limited are:

The primary industry of Styrenix Performance Materials Limited is manufacturing. The company specifically operates in plastic and resins. The company is currently active in this sector.

Yes. Styrenix Performance Materials Limited is listed on both BSE (code: 506222) and NSE (symbol: INEOSSTYRO).

Styrenix Performance Materials Limited can be reached at the registered office: 9Th Floor Shiva Sarabhai Complex, Dr. Vikram Sarabhai Marg Vadiwadi Vadodara, Gujarat, India – 390023, or through the website styrenix.com.

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