As of 6 Nov 2026, Styrenix Performance Materials trades at 12.9× trailing earnings, below the industry P/E of 18.2×, and the shares are 30% below their 52-week high. It earns ROCE of 13% and ROE of 18%, and sales grew 13% a year over 3 years while net profit fell 0.0%. Its dividend yield is 2.5%, and debt is 0.31× equity. It is a small-cap company with a market cap of ₹3,256 Cr, ranked 14th of 76 Chemicals companies by market cap; the shares fell 23% over the past year.
- ₹1,832.80
- ₹1,859.90
- ₹1,782.00
- ₹1,849.60
- 29.6K
Health check
- ReturnsIn line
−22.7% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 12.9 vs industry 18.2.
- GrowthStrong
Sales +13.2%, profit −0.0% a year over 3 years.
- ProfitabilityAverage
ROCE 12.8% vs peer median 10.6%.
- Balance sheetSolid
Debt 0.31× equity, interest covered 12.5×.
- Red flags2 to check
Quarterly profit down 48.2% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹3,256 Cr
- Small cap
- P/E
- 12.9
- Industry 18.2
- Price to book
- 2.19
- Peers 2.62
- Dividend yield
- 2.49%
- ROE
- 18.1%
- Peers 11.7%
- ROCE
- 12.8%
- Peers 10.6%
- Debt to equity
- 0.31
- Debt ₹466 Cr
- EPS (TTM)
- ₹142.90
- Face value ₹10
- OPM (TTM)
- 12.2%
- Net margin 6.7%
- Sales growth
- +24.4%
- Latest quarter vs a year ago
- Profit growth
- −48.2%
- Latest quarter vs a year ago
- Price to sales
- 0.88
- EV/EBITDA 8.6
Strengths and risks
Strengths
- Return on equity of 18.1%.
- Dividend yield of 2.49%.
- Quarterly sales up 24.4% on a year ago.
- P/E of 12.9 against an industry P/E of 18.2.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 48.2% on a year ago.
- 30% below its 52-week high.
About Styrenix Performance Materials
Styrenix Performance Materials Limited engages in the manufacture, trading, and sale of engineering thermoplastics in India. It offers ABS for injection moulding and extrusion use in various applications, such as automobile interiors and exteriors, household appliances, office equipment, and electronic devices for housing; and hight heat ABS used in automotive interior and exterior parts, radiator grills, rear mirror housing, spoilers and wheel covers,…
- Headquarters
- Vadodara
- Employees
- 440
- Sector
- Basic Materials
- ISIN
- INE189B01011
- Website
- styrenix.com
Price range
- Avg volume (3M)
- 39.7K
- 1-year return
- minus 22.7%
- From 52-week high
- minus 30.2%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| STYRENIXStyrenix Performance Materials | 1,850.50 | plus 0.05% | 3,256 | 12.9 | 10.6 | – | 12.2% | 0.31 | 13.2% | minus 22.7% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 799 | 869 | 826 | 1,011 | 994 | |
| 713 | 828 | 710 | 791 | 922 | |
| 85.5 | 41.8 | 116 | 220 | 71.8 | |
| 10.7% | 4.8% | 14.0% | 21.8% | 7.2% | |
| 3 | 1.8 | 11.8 | 3.3 | 3.8 | |
| 5.4 | 4.8 | 4.7 | 4.4 | 4.9 | |
| 26.2 | 29.2 | 30.4 | 30.5 | 30.4 | |
| – | −3.1 | 0.3 | – | – | |
| 56.9 | 6.4 | 93.1 | 189 | 40.4 | |
| 21.4% | −155.3% | 21.0% | 26.7% | 42.6% | |
| 44.7 | 16.3 | 73.5 | 138 | 23.2 | |
| 25.43 | 9.29 | 41.79 | 78.64 | 13.18 |
Profit & loss
- Sales CAGR 3Y
- +13.2%
- Profit CAGR 3Y
- 0.0%
- EPS CAGR 3Y
- 0.0%
- ROE
- 18.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,368 | 2,222 | 2,982 | 3,438 | |
| – | minus 6.2% | +34.2% | +15.3% | |
| 2,083 | 1,955 | 2,627 | 3,093 | |
| 285 | 267 | 356 | 345 | |
| 12.0% | 12.0% | 11.9% | 10.0% | |
| −0.6 | 3.3 | −1.1 | 12.1 | |
| 5 | 2.8 | 5.6 | 19.4 | |
| 38 | 36.8 | 55 | 114 | |
| 5.5 | 2.3 | 8.1 | −0.1 | |
| 247 | 233 | 302 | 223 | |
| 25.9% | 25.8% | 22.6% | 18.1% | |
| 183 | 173 | 234 | 183 | |
| – | minus 5.4% | +35.0% | minus 21.8% | |
| 104.07 | 98.47 | 132.91 | 103.98 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.6 | 17.6 | 17.6 | 17.6 | |
| 697 | 705 | 1,201 | 1,349 | |
| 35.1 | 27.3 | 397 | 548 | |
| 513 | 288 | 727 | 568 | |
| 1,263 | 1,038 | 2,342 | 2,483 | |
| 322 | 326 | 939 | 1,068 | |
| 12.6 | 31.1 | 35.5 | 118 | |
| 1 | 1.7 | 9.4 | 9.7 | |
| 103 | 111 | 108 | 158 | |
| 824 | 568 | 1,250 | 1,129 | |
| 1,263 | 1,038 | 2,342 | 2,483 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 270 | 216 | 54.3 | 183 | |
| −136 | −88 | −84.7 | −171 | |
| −198 | −177 | 73.6 | −39.7 | |
| −63.3 | −48.3 | 43.2 | −27.5 | |
| −17.6 | −38.6 | −489 | −157 | |
| 252 | 178 | −435 | 25.8 | |
| −185 | −165 | −103 | −94.5 |
Shareholding pattern
- Promoters46.24%
- Public53.76%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 46.24% | 53.76% | 0.00 | |
| 30 Jun 2026 | 46.24% | 53.76% | 0.00 | |
| 31 Mar 2026 | 46.24% | 53.76% | 0.00 | |
| 31 Dec 2025 | 46.24% | 53.76% | 0.00 | |
| 30 Sep 2025 | 46.24% | 53.76% | – |
Major shareholders
Filings & events
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