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Polyplex Corporation Limited (POLYPLEX)

Small Cap

Industrials stocks · Small cap · NSE

Polyplex Corporation Limited operates in Flexible Packaging, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹984.4
-15.60 · -1.56%
Market cap ₹3,204 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm IST
Details
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result11 Aug, 07:10 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens

Trend score and candlestick chart

48Neutral

SMA20 -9.9% / mo · RSI oversold · MACD −

Stock trend: 46
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

POLYPLEXD candles · FIT view+10.7%
Latest close ₹984.40 on 2026-10-19
Bar
-1.6%
RSI
29
MACD hist
-1.45
52W pos
47%
Visible chart range
Candle interval
2026-10-19O ₹1000.00H ₹1000.00L ₹982.00C ₹984.40Vol 37,154 sh
₹821.69₹937.53₹1.05k₹1.17k₹1.29k52H₹984.402026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

POLYPLEXNifty India ManufacturingNifty 500
-11%-2%+8%+17%20 Jul1 Sept19 Oct19 Oct 2026POLYPLEX -8.5%Nifty India Manufactu… -5.8%Nifty 500 -5.6%
POLYPLEX
-8.5%
Nifty 500
-5.6%
Nifty India Manufacturing
-5.8%
Vs Nifty 500
-2.9 pp
Chart stats
19 Oct 2026
From 52W high
-22.1%
₹1,264
52W range position
47%
₹740 - ₹1,264
ATR (14)
3.1%
₹30.6
Volume vs 20D
0.94x
Latest completed session
Avg traded value
₹4 Cr
20-session average
20D price channel
₹982 - ₹1,128.6
22.9% annualized volatility
Research snapshot

What the evidence says now

Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.

Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST
32

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Good
55

Revenue +29.6% · PAT NDF YoY

Technical
Neutral
48

Price trend and sector-relative-strength timing.

Valuation
Legacy model
-2161.4%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
63

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Good · 55/100

Rev +30% YoY · margin expansion · +20% QoQ

Filed 11 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹2,254 Cr+29.6%+20.5%
EBITDA₹296 Cr+29700.0%+236.4%
Operating margin13.0%+1300 bps+830 bps
PAT₹171 CrNDF+350.0%
PAT margin7.6%+1104 bps+556 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
20.60
P/B
0.75
EV/EBITDA
4.29
Market Cap
3204.00Cr

Profitability

ROE
0.54%
ROCE
0.89%
ROA
3.07%
Dividend Y
0.29%

Growth (CAGR)

Revenue 5Y
8.00%
EPS 5Y
-47.00%
Revenue 3Y
-3.00%
EPS 3Y
-60.00%

Balance Sheet

Debt/Equity
0.22
Interest Coverage
10.57×
Altman Z
2.33
Book Value
1351.00

Cash Flow

FCF Yield
1.78%
FCF Positive Y
10/5
OCF
537.00 Cr
EPS TTM
49.47

Shareholding

Promoter Hold
26.72%
Promoter Pledge
0.00%
Momentum 52W
53%

Financial History

Updated 20/10/2026

Revenue

₹ Cr
Latest: 2,254+20.5% vs prev
02254Sep 2023: 1,572Dec 2023: 1,496Mar 2024: 1,679Jun 2024: 1,686Sep 2024: 1,739Dec 2024: 1,721Mar 2025: 1,740Jun 2025: 1,739Sep 2025: 1,794Dec 2025: 1,682Mar 2026: 1,871Jun 2026: 2,254Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26

Net Profit

₹ Cr
Latest: 171+350.0% vs prev
-60.00171.0Sep 2023: 48.0Dec 2023: 17.0Mar 2024: 31.0Jun 2024: 97.0Sep 2024: 164Dec 2024: 105Mar 2025: -9.0Jun 2025: -60.0Sep 2025: 34.0Dec 2025: 30.0Mar 2026: 38.0Jun 2026: 171Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 29. Wait for confirmation.

  • Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
  • SMA20 falling (~10.9% over last month) — short-term momentum negative.
  • RSI(14) at 29 — oversold zone; bounce conditions.
  • MACD below signal but histogram contracting — bearish momentum easing.
  • 22% off 52W high · 33% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

66
RS percentile
Stage 1 Base / Transition
1M return
-8.8%
3M return
-8.5%
6M return
+11.7%
1Y return
+0.9%
RS 1D
0
RS 20D
-2
Sector rank
#2
Industry rank
#12
Stage evidence
  • Price is within 1.6% of the 30-week proxy.
  • The 30-week proxy changed +2.9% over 20 sessions.
  • The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 96.48-0.54%
708192103114Sept 25Feb 26Jun 26Oct 2696
RS vs Nifty 50096

Valuation & peers

U-Score 32 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies

32U-SCORE
WATCHLIST

Fundamental score breakdown

U band · WATCHLIST
Valuation10/30
Growth4/25
Quality0/20
Balance Sheet8/15
Cash Flow5/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
32

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

32/100 · legacy band WATCHLIST

Positive drivers

  • Piotroski is strong at 7/9.
  • Balance sheet contributes 8/15 to the score.
  • Cash flow contributes 5/10 to the score.

Main drags

  • Fair-value margin of safety is negative at -2161.4%.
  • Quality is weaker at 0/20; verify the latest quarterly trend.
  • Growth is weaker at 4/25; verify the latest quarterly trend.
Sector valuation model

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.

Blended relative
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
20.6
PB
0.8
EV/EBITDA
4.3
ROE
0.5%
ROCE
0.9%
FCF Yield
1.8%
Debt/Equity
0.2
MoS
-2161.4%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
32
Previous: 32
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-2161.4%
Previous: -2161.4%

Score history

12 stored score snapshots. Latest stored move: +0 points.

20 Oct 2026
v4.3-runtime-valuation
32
32
32
32
32
32
32
32
32
32
32
32

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹1,226.28
+19.7% MoS
Growth-justified P/E
0.9
Growth-justified Value
₹43.53
-2161.4% MoS
PEG
—

Comparable companies

Peers

Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
JINDALPOLY
Small
Jindal Poly Films Limited
Packaging
match 87
16
48.0
-1.0%
-1088%
OVERVALUED
COSMOFIRST
Small
COSMO FIRST LIMITED
Packaging
match 86
37
12.6
10.4%
-177%
WATCHLIST
HUHTAMAKI
Small
Huhtamaki India Limited
Packaging
match 85
27
20.3
13.0%
-248%
OVERVALUED
UFLEX
Small
UFLEX Limited
Packaging
match 85
42
6.7
4.3%
-137%
WATCHLIST
RPPL
Small
Rajshree Polypack Limited
Packaging
match 80
34
6.8
10.0%
-35%
WATCHLIST

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Polyplex Corporation Limited operates in Flexible Packaging, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
63Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 35th percentile within Industrials. Main check: financial discipline is weak at 30/100.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
80 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
38th percentile

overall median 67 · Industrials: 35th pctile, median 68 · Small: 43rd pctile, median 66

Evidence depth
Financial-only

80 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
39
weak · quarterly consistency

Trust positives

  • ▸Promoter pledge is zero.
  • ▸FCF yield is positive at 1.5%.
  • ▸10 years of positive FCF.
  • ▸3/4 latest quarters had positive YoY revenue growth.

Trust risks

  • ▸4 latest quarters had PAT decline worse than 25% YoY.
  • ▸ROCE is low at 0.9%.
  • ▸ROE is low at 0.5%.
  • ▸ROCE trend is -2.4%.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

7 shown
Investor presentationSep 2026

Sep 2026 · Presentation Made At The 41St AGM Held On September 08, 2026. 8 Sep - Polyplex shared its 41st AGM presentation on September 8, 2026, covering FY26 and Q1 FY27 performance.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Jun - Newspaper Advertisements for Notice of Postal Ballot by way of remote evoting

Source: Bse

Open source ↗
Annual report

Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Aug - Submission of newspaper notice regarding dispatch of Annual Report for FY 2025-26 and Notice of 41st AGM

Source: Bse

Open source ↗
Annual report

Business Responsibility and Sustainability Reporting (BRSR) 14 Aug - Polyplex filed its FY 2025-26 Business Responsibility and Sustainability Report with the annual report.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.