Styrenix Performance Materials
STYRENIX NSE
Styrenix Performance Materials
CommoditiesNSE: STYRENIX BSE: 506222 Chemicals & Petrochemicals
Key Fundamentals
MicrocapSpecialty ChemicalsChemicalsMarket Cap
₹3,707 Cr
Volatility
Moderate
P/E Ratio
13.62
EBITDA
₹360 Cr
Return on Equity
13.38%
Debt to Equity
0.4
Book Value
₹776.75
EPS
₹114.79
52W High
₹2,675.8
52W Low
₹1,780
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 58.3%
Weaknesses
2- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -16.5%
Growth Rate
Revenue Growth
15.35% lower than
3Y
Net Income Growth
-21.78% lower than
3Y
Cash Flow Change
237% higher than
3Y
ROE
-30.24% lower than
3Y
ROCE
-30.24% higher than
3Y
EBITDA Margin (Avg.)
-14.04% higher than
3Y
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 44d agoAI opinion · based on fundamentals
Risk high
Styrenix Performance Materials Ltd operates in the commodities sector with a market cap of Rs 4,394 Cr, trading at a PE of 23.6x with a dividend yield of 2.2%. The company delivered a 3-year stock CAGR of 28% but saw TTM profit decline of 21% and a 1-year stock return of -15%, reflecting recent earnings pressure amid cyclical headwinds.
Bull Case 7
- Healthy dividend payout ratio of 58.2%, demonstrating strong shareholder return focus and confidence in cash flow generation
- Attractive dividend yield of 2.2%, well above the broader market average of ~1.2-1.4% for Indian equities
- Strong 3-year stock CAGR of 28%, indicating significant long-term value creation for shareholders
- Decent 10-year stock CAGR of 15%, reflecting sustained compounding over a full business cycle
- TTM sales growth of 15%, showing topline momentum despite profit pressure
- 3-year average ROE of 20%, indicating efficient capital utilization over a meaningful period
- Price-to-book ratio of 3.16x is reasonable for a specialty chemicals/materials company with 20% historical ROE
Bear Case 8
- TTM profit declined 21%, signaling significant margin compression likely due to raw material cost pressures or pricing weakness
- Promoter holding decreased by 16.5% over 3 years, a substantial reduction that may signal weakening insider confidence
- 1-year stock return of -15%, reflecting market repricing of near-term earnings outlook
- Last year ROE dropped to 15% from 3-year average of 20%, indicating deteriorating return profile
- Company might be capitalizing interest costs, potentially overstating reported profits and asset values
- PE of 23.6x appears elevated for a commodity-linked business experiencing profit decline of 21% TTM
- Operating in the cyclical commodities sector where styrene prices are subject to global supply-demand volatility
- Limited long-term growth data availability (5-year and 10-year compounded profit/sales figures unavailable) makes trend assessment difficult
This is AI-generated analysis, not financial advice. Do your own due diligence.
Quarterly Results
| Particulars | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 595 | 485 | 599 | 699 | 653 | 691 | 940 | 944 | 799 | 869 | 826 | 1,011 |
| Expenses | 512 | 427 | 527 | 609 | 554 | 617 | 852 | 847 | 713 | 828 | 710 | 791 |
| Operating Profit | 83 | 58 | 72 | 90 | 99 | 74 | 87 | 96 | 85 | 42 | 116 | 220 |
| OPM % | 14% | 12% | 12% | 13% | 15% | 11% | 9% | 10% | 11% | 4.8% | 14% | 22% |
| Other Income | 3 | 2 | 2 | 2 | 6 | 1 | 3 | 3 | 3 | -1 | 12 | 3 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 5 | 5 | 5 | 4 |
| Depreciation | 9 | 9 | 9 | 9 | 10 | 10 | 26 | 25 | 26 | 29 | 30 | 31 |
| PBT | 76 | 50 | 64 | 82 | 94 | 64 | 61 | 71 | 57 | 6 | 93 | 189 |
| Tax % | 26% | 30% | 23% | 26% | 26% | 26% | 10% | 26% | 21% | -155% | 21% | 27% |
| Net Profit | 56 | 35 | 49 | 61 | 70 | 48 | 55 | 52 | 45 | 16 | 73 | 138 |
| EPS in Rs | 32.08 | 19.88 | 28.07 | 34.8 | 39.86 | 27.12 | 31.12 | 29.52 | 25.43 | 9.29 | 41.78 | 78.64 |
Profit & Loss
| Particulars | Mar 2015 15m | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 2,009 | 2,222 | 2,982 | 3,438 | 3,505 |
| Expenses | 1,924 | 1,958 | 2,631 | 3,094 | 3,042 |
| Operating Profit | 86 | 264 | 352 | 344 | 463 |
| OPM % | 4.3% | 12% | 12% | 10% | 13% |
| Other Income | 6 | 9 | 12 | 14 | 17 |
| Interest | 24 | 4 | 6 | 21 | 19 |
| Depreciation | 32 | 37 | 55 | 114 | 116 |
| PBT | 36 | 233 | 302 | 223 | 345 |
| Tax % | 47% | 26% | 23% | 18% | — |
| Net Profit | 19 | 173 | 234 | 183 | 273 |
| EPS in Rs | 10.76 | 98.47 | 133 | 104 | 155 |
| Div. Payout % | 37% | 100% | 23% | 52% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 18 | 18 | 18 | 18 |
| Reserves | 469 | 705 | 1,201 | 1,349 |
| Borrowings | 170 | 27 | 397 | 548 |
| Other Liabilities | 371 | 288 | 726 | 568 |
| Total Liabilities | 1,028 | 1,038 | 2,342 | 2,483 |
| Fixed Assets | 288 | 295 | 914 | 962 |
| CWIP | 0 | 28 | 29 | 105 |
| Investments | 0 | 58 | 20 | 97 |
| Other Assets | 740 | 657 | 1,379 | 1,318 |
| Total Assets | 1,028 | 1,038 | 2,342 | 2,483 |
Cash Flow
| Particulars | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | 60 | 216 | 54 | 183 |
| Investing | -66 | -88 | -85 | -171 |
| Financing | -10 | -177 | 74 | -40 |
| Net Cash Flow | -17 | -48 | 43 | -28 |
| Free Cash Flow | 12 | 178 | -435 | 26 |
| CFO/OP | 86 | 105 | 40 | 77 |
Ratios
| Particulars | Mar 2015 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Debtor Days | 48 | 49 | 54 | 46 |
| Inventory Days | 47 | 60 | 128 | 98 |
| Days Payable | 67 | 50 | 100 | 62 |
| Cash Conversion Cycle | 29 | 58 | 81 | 81 |
| Working Capital Days | 29 | 53 | 72 | 62 |
| ROCE % | — | — | 26% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Styrenix Performance Materials insights
57 extracted metrics + investor summaries across FY15–FY27.
Documents
1
Board Meeting Intimation for Board Meeting Intimation For Approval Of Audited Standalone And Consolidated Financial Results For The Fourth Quarter And Financial Year Ended On March 31, 2026.
8 May - Board to meet on May 16, 2026 to approve Q4 and FY2026 audited results. 8 May - Board to meet on May 16, 2026 to approve Q4 and FY2026 audited results.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
27 Apr - Newspaper Publication regarding notice to shareholders for transfer and dematerialization of physical securities. 27 Apr - Newspaper Publication regarding notice to shareholders for transfer and dematerialization of physical securities.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
27 Apr - Styrenix states it is not a Large Corporate under SEBI debt disclosure norms. 27 Apr - Styrenix states it is not a Large Corporate under SEBI debt disclosure norms.
4
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
27 Apr - Styrenix confirms it is not a Large Corporate as of March 31, 2026; annual disclosure not applicable. 27 Apr - Styrenix confirms it is not a Large Corporate as of March 31, 2026; annual disclosure not applicable.
5
Announcement under Regulation 30 (LODR)-Newspaper Publication
9h - Newspaper Publication regarding notice to shareholders for transfer and dematerialization of physical securities. 9h - Newspaper Publication regarding notice to shareholders for transfer and dematerialization of physical securities.
Frequently Asked Questions about Styrenix Performance Materials
What does Styrenix Performance Materials Ltd do?
Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]
Where is Styrenix Performance Materials Ltd (STYRENIX) listed?
Styrenix Performance Materials Ltd trades as STYRENIX on the NSE and under code 506222 on the BSE.
Which sector does Styrenix Performance Materials Ltd belong to?
Styrenix Performance Materials Ltd is classified under the Commodities sector, in the Chemicals & Petrochemicals industry.
What is the market capitalisation of Styrenix Performance Materials Ltd?
Styrenix Performance Materials Ltd has a market capitalisation of ₹3,707 Cr, which places it in the Small Cap band.
What is the PE ratio of Styrenix Performance Materials Ltd?
Styrenix Performance Materials Ltd trades at a PE ratio of 13.62, on earnings per share of ₹114.79, against a book value of ₹776.75 per share.
What is the 52-week high and low of Styrenix Performance Materials Ltd?
Over the last 52 weeks Styrenix Performance Materials Ltd has traded between ₹1,780 and ₹2,675.8.
Does Styrenix Performance Materials Ltd pay dividends?
Styrenix Performance Materials Ltd has a dividend yield of 1.07%.
What is the Return on Equity (ROE) of Styrenix Performance Materials Ltd?
Styrenix Performance Materials Ltd reported a return on equity of 13.38%. Its debt-to-equity ratio is 0.40.
Company Information
Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]
Website styrenix.com
CEO Mr. Rakesh Shivbhagwan Agrawal IAS (Retd.), ME(Chemical)
Employees 473
Listed 1995-03-29
Face Value ₹ 10
Issued Size 1,75,85,625
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