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Swing Capital

Styrenix Performance Materials Ltd

NSE: STYRENIX BSE: 506222

Incorporated in 1973, Styrenix Performance Materials Ltd manufactures, trades and sells Engineering Thermoplastics[1]

₹2,258
52W: ₹1773 — ₹3524
PE 16.8 · Book ₹563 · +301% vs book
Market Cap₹3,972 Cr
Stock P/E16.8Price to Earnings
ROCE33.6%Return on Capital
ROE25.7%Return on Equity
Div. Yield2.39%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 26.3%

Weaknesses

  • −The company has delivered a poor sales growth of 10.1% over past five years.
  • −Promoter holding has decreased over last 3 years: -16.5%

Shareholding Pattern

Promoters46.24%
FIIs0.95%
DIIs17.33%
Public35.47%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters46.24%46.24%46.24%46.24%46.24%46.24%46.24%46.24%
FIIs4.96%2.95%▼2.03.37%▲0.42.48%▼0.92.72%▲0.22.19%▼0.51.22%▼1.00.95%▼0.3
DIIs10.58%10.26%▼0.311.29%▲1.012.51%▲1.212.06%▼0.412.78%▲0.715.75%▲3.017.33%▲1.6
Public38.21%40.55%▲2.339.1%▼1.438.75%▼0.438.98%▲0.238.79%▼0.236.79%▼2.035.47%▼1.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales485599699653691702721615648656
Expenses427527609554617620637536573532
Operating Profit587290997482847975124
OPM %12%12%13%15%11%12%12%13%12%19%
Net Profit35496170485355514484
EPS ₹19.8728.0734.839.8627.1230.2331.228.8825.1947.94

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,640Cr, down 3.8% YoY. OPM at 14%.

Debt Position

Borrowings at ₹63Cr. Debt-to-equity ratio: 0.06x. Healthy balance sheet.

Capex Cycle

CWIP at ₹102Cr (29% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 17.33% (+12.56pp change). FIIs: 0.95% (-1.24pp change). Promoters hold 46.24%.

Margin & Efficiency

ROCE improving from 11% (Mar 2015) to 34% (Mar 2026). Working capital days: 75.

Valuation

PE 16.8x with 33.6% ROCE. Price is 301% above book value of ₹563. Dividend yield: 2.39%.

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