SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Styrenix Performance Materials Ltd (STYRENIX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506222 NSE: STYRENIX Chemicals | Small Cap | Styrenix Performance Share Price

₹2,201.35 -26.10 (-1.17%)

As on 04-Jun'26 16:59

Styrenix Performance Materials Ltd (STYRENIX)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 506222 NSE: STYRENIX Chemicals | Small Cap | Styrenix Performance Share Price

₹2,201.35 -26.10 (-1.17%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,871 Cr.
Current Price
₹2,201.4
52-Week Low / High
₹1,773 / 3,524
TTM EPS
₹133.2
TTM Sales
₹2,640 Cr.
Book Value per Share
₹563.2
P/E Ratio
16.52
Higher than its 5-year historical median
Industry PE
50.2
Price to Book (P/B)
3.91
Higher than its 5-year historical median
Price to Sales (P/S)
1.47
Higher than its 5-year historical median
EV/EBITDA
10.41
Higher than its 5-year historical median
Dividend Yield
1.13%
Profitability Efficiency
Return on Equity (ROE)
29.51%
Outperforms industry median
Return on Capital Employed (ROCE)
39.78%
Outperforms industry median
Return on Assets (ROA)
19.13%
Operating Profit Margin
12.8%
Net Profit Margin
8.46%
Gross Profit Margin
12.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
23.5%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
30.7%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
34.07%
Asset Quality
Promoter Holding
46.24%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹973 Cr.
Equity
₹17.6 Cr.
Face Value
₹10
All Time Low / High
₹10.00 / 3523.95

Styrenix Performance Materials stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Styrenix Performance Materials Ltd a good quality company?
Styrenix Performance Materials Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Styrenix Performance Materials Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Styrenix Performance Materials Ltd vs industry peers?
Styrenix Performance Materials Ltd revenue CAGR is 11.69%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Styrenix Performance Materials Ltd?
Promoters hold 46.24% of the Styrenix Performance Materials Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Styrenix Performance Materials Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.6% based on the current price.

DeciZen - make an informed investing decision on Styrenix Performance

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Styrenix Performance Materials Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.9%15.3%15.1%-0.7%0.3%45.3%49.9%31.8%32.5%39.8%-
Value Creation
Index
-0.20.10.1-1.1-1.02.22.61.31.31.8-

Growth Parameters

Sales 1,5841,4821,8952,0911,5791,6312,1792,3722,2222,7442,640
Sales YoY Gr.--6.4%27.9%10.3%-24.5%3.3%33.6%8.9%-6.3%23.5%-
Adj EPS 45.342.739.9-2.213.3157.4184.5105.499130.7133.2
YoY Gr.--5.7%-6.6%-105.6%NA1086.9%17.2%-42.9%-6.1%32.1%-
BVPS (₹) 299.5333.8366.5354.4346.5505.4487406.3410.9483.6563.2
Adj Net
Profit
79.675.170.1-3.923.3277324185174230234
Cash Flow from Ops. 28.5-15.6173-36166385356270216147-
Debt/CF from Ops. 6-13.40.6-7.410.1000.10.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.3%11.7%8%23.5%
Adj EPS 12.5%58%-10.8%32.1%
BVPS5.5%6.9%-0.2%17.7%
Share Price 13.8% 8.5% 32.4% -33.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
15.513.511.4-0.63.83737.223.624.229.225.5
Op. Profit
Mgn %
7.59.77.414.725.421.9121212.813.7
Net Profit
Mgn %
55.13.7-0.21.51714.97.87.88.48.9
Debt to
Equity
0.30.40.20.40.30.100000
Working Cap
Days
14816215614116214511510710510365
Cash Conv.
Cycle
4157535673595353504740

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,5841,4821,8952,0911,5791,6312,1792,3722,2222,744
Operating Expenses + 1,4881,3471,7602,0831,5141,2181,7042,0971,9582,399
Manufacturing Costs919211914111995121146150156
Material Costs1,2061,0731,4571,7401,2179551,3731,7621,6462,041
Employee Cost 50505058587174726770
Other Costs 1411321341451219713611695131
Operating Profit 96135135865414475276264345
Operating Profit Margin (%) 6.1%9.1%7.1%0.4%4.1%25.4%21.8%11.6%11.9%12.6%
Other Income + 347137131415911
Exceptional Items 0000-3800000
Interest 1114141316158644
Depreciation 27252527323638383739
Profit Before Tax 60100103-18-13376443247233313
Tax -43137-6-496120646081
Profit After Tax 646966-12-10280323183173232
PAT Margin (%) 4.0%4.7%3.5%-0.6%-0.6%17.2%14.8%7.7%7.8%8.5%
Adjusted EPS (₹)36.339.437.7-7.1-5.4159.3183.4104.098.5132.0
Dividend Payout Ratio (%)11%10.20%10.60%-28.20%0%6.30%161.90%100%99.60%23.50%

Valuation of Styrenix Performance - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 527587645623609889856715723851
Share Capital 18181818181818181818
Reserves 509569627606592871839697705833
Debt +1702091042521453310101010
Long Term Debt002389633310101010
Short Term Debt170209811638200000
Minority Interest0000000000
Trade Payables157189253187139225238310228447
Others Liabilities 7296108591621671282287881
Total Liabilities 9251,0811,1101,1221,0551,3131,2321,2631,0381,389

Fixed Assets

Net Fixed Assets +241219214200365369343309295314
Gross Block270272289301487527535532550607
Accumulated Depreciation285376101122157192222254294
CWIP 218159656307122829
Investments 111001115837
Inventories192320300315268290341346269576
Trade Receivables224222245236172306307319297347
Cash Equivalents 2516404632421792455749
Others Assets 2402852952281907653313538
Total Assets 9251,0811,1101,1221,0551,3131,2321,2631,0381,389

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 28-16173-36166385356270216147
PBT 60100103-18-13376443247233313
Adjustment 44313933494262323146
Changes in Working Capital -65-12756-4012837-225713-126
Tax Paid -10-21-26-102-70-125-66-61-86
Cash Flow From Investing Activity + -6-15-21-93-84-11283-136-88-37
Capex -7-16-25-96-84-12-14-12-38-57
Net Investments 00000000-5541
Others 11421-10097-1246-21
Cash Flow From Financing Activity + -1822-127135-124-137-412-198-177-118
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 002377-11-35-25000
Interest Paid -9-14-14-16-22-15-7-5-3-3
Dividend Paid -8-8-8-8-4-0-354-185-165-103
Others -044-12883-87-87-26-8-9-11
Net Cash Flow 5-9245-4213627-63-48-9

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.3912.4410.75-1.97-1.5537.4136.9623.324.0929.51
ROCE (%)10.9315.2715.12-0.710.2945.3249.8631.7732.539.78
Asset Turnover Ratio1.751.661.781.871.461.381.721.911.962.29
PAT to CFO Conversion(x)0.44-0.232.62N/AN/A1.381.11.481.250.63
Working Capital Days
Receivable Days43.8048.8043.704246.9053.2051.1047.8049.8042.40
Inventory Days36.50565853.7067.2062.1052.7052.5049.7055.60
Payable Days46.5058.8055.4046.2048.9069.5061.5056.8059.7060.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *100.00100.0092.410.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Styrenix Performance Materials Ltd FAQs

The current trading price of Styrenix Performance on 04-Jun-2026 16:59 is ₹2,201.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Styrenix Performance stood at ₹3,871.2 Cr

The latest P/E ratio of Styrenix Performance as of 03-Jun-2026 is 16.52.

The latest P/B ratio of Styrenix Performance as of 03-Jun-2026 is 3.91.

The 52-week high of Styrenix Performance is ₹3,524 and the 52-week low is ₹1,773.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Styrenix Performance is ₹2,640 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Styrenix Performance Materials Ltd is a good quality company.

The key valuation ratios of Styrenix Performance Materials Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Styrenix Performance Materials Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Styrenix Performance Materials Ltd

Styrenix Performance Materials (formerly known as INEOS Styrolution India) is the number one producer of Absolac (ABS) and Absolan (SAN) in India. ABS is a plastic resin produced from acrylonitrile, butadiene and styrene, used for manufacturing home appliances, automobiles, consumer durables and machinery. Absolan (SAN) is a polymerized plastic resin produced from styrene and acrylonitrile, and mainly used for products such as lighting, stationery, novelties, refrigerators and cosmetic packing. With over years of pioneering experience, the company has been the most preferred supplier to its customers. The company takes immense effort in analyzing and understanding its customer’s requirements to offer innovative solutions that enhances the quality of their products. The company’s commitment to offer best-in-class products and customized solutions has put it in the number one position. The company is committed to work hand-in-hand with its customers to drive success together. The company helps its customers succeed by offering innovative and sustainable best-in-class solutions, designed to give them a competitive edge in their markets. 

Business area of the company

The company is a producer of Absolac (ABS) and Absolan (SAN) in India. The company provides styrenic applications for many everyday products across a broad range of industries, including automotive, electronics, household, construction, healthcare, packaging and toys/sports/leisure.

Products

  • Absolac ABS
  • Absolac High Heat ABS
  • Absolan SAN
  • GPPS
  • HIPS

Milestones

  • 1973:  The company incorporated as ABS Plastics Limited by Rakesh Agrawal.
  • 1992: ABS Plastics Limited changes name to ABS Industries Limited.
  • 1992: ABS capacity increased to 10,000 TPA
  • 1993: Commissioned new SAN plant in Katol-capacity 5,000 TPA
  • 1995-96: ABS capacity increased to 20,000 TPA, SAN capacity increased to 10,000 TPA, R&D facility established in Moxi
  • 1997: The company is rechristened as Bayer ABS Limited after Bayer AG acquires a majority share of 51% in ABS Industries Limited.
  • 2000-03: Capacity increased of ABS to 39,000 TPA; & SAN to 40,000 TPA
  • 2005: The Bayer Group decides to spin-off of the chemicals division and parts of the polymers business globally with the name of “LANXESS”. Thus, the company becomes a part of LANXESS Group and the company’s name changed to LANXESS ABS Limited.
  • 2008: The LANXESS Group decides to restructure its styrenics business globally. The company becomes a part of INEOS and the company’s name changed to INEOS ABS (India) Limited.
  • 2012: Globally, the styrenics business of INEOS & BASF joins hands together to form a global joint venture named “Styrolution”. Accordingly, INEOS ABS (India) Limited renamed as Styrolution ABS India Limited.
  • 2012: The PS business of BASF named as BASF Styrenics Private Limited became part of “Styrolution group” & renamed as Styrolution India Pvt. Limited.
  • 2012: Rakesh Agrawal remained as Managing Director of the company till 2012 since inception.
  • 2014: Commissioned another new SAN line in Katol Capacity increased to 100,000 TPA
  • 2015: Styrolution India Pvt. Limited merges with Styrolution ABS India Limited.
  • 2015: PS Business acquired from BASF: Capacity 66,000 TPA
  • 2016: After INEOS group acquired shares of BASF in “Styrolution” & in order to reflect the identity of the Company as an INEOS group company, name of the Company changed to INEOS Styrolution India Limited.
  • 2019-20: Moxi Capacity increased to 100,000 TPA
  • 2022: INEOS Styrolution India Limited was taken over by Shiva Performance Materials Private Limited under the leadership of Rakesh Agrawal (Original Promoter), 
  • 2023: The Company changed to Styrenix Performance Materials Limited, effective from January 5, 2023.
  • 2023: Debottlenecking & Brownfield expansion announced
  • 2025: De-bottlenecking activity is completed, increased PS production capacity from 66KTPA to 100KTPA Rubber and capacity 24KT to27KTPA
  • 2025: Established presence in Thailand through the acquisition of 'INEOS Styrolution (Thailand) Co., Limited' now renamed as 'Styrenix Performance Materials Thailand Limited', reinforcing its regional growth strategy.

You have 0 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×