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Jindal Poly Films Ltd (JINDALPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500227 NSE: JINDALPOLY Textile | Small Cap | Jindal Poly Films Share Price

₹691.60 -8.00 (-1.14%)

As on 25-Sep'26 16:59

Jindal Poly Films Ltd (JINDALPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500227 NSE: JINDALPOLY Textile | Small Cap | Jindal Poly Films Share Price

₹691.60 -8.00 (-1.14%)

As on 25-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,028 Cr.
Current Price
₹691.6
52-Week Low / High
₹360 / 1,025
TTM EPS
₹-225.9
TTM Sales
₹2,152 Cr.
Book Value per Share
₹716.7
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
36
Price to Book (P/B)
0.96
Higher than its 5-year historical median
Price to Sales (P/S)
1.41
Lower than its 5-year historical median
EV/EBITDA
-223.22
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-29.90%
Underperforms industry median
Return on Capital Employed (ROCE)
-15.68%
Underperforms industry median
Return on Assets (ROA)
-11.33%
Operating Profit Margin
2.6%
Net Profit Margin
-36.96%
Gross Profit Margin
-5.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
3.9%
Operating Profit Growth (1 Year)
-
-314.69%
Net Profit Growth (1 Year)
-
-1031.82%
Asset Quality
Promoter Holding
74.55%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,094 Cr.
Equity
₹43.8 Cr.
Face Value
₹10
All Time Low / High
₹9.05 / 1444.40

Jindal Poly Films stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Jindal Poly Films Ltd a good quality company?
Jindal Poly Films Ltd is a weak quality company, based on a inconsistent 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 Jindal Poly Films Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Jindal Poly Films Ltd vs industry peers?
Jindal Poly Films Ltd revenue CAGR is -6.61%, compared to the industry median CAGR of 0.00%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Jindal Poly Films Ltd?
Promoters hold 74.55% of the Jindal Poly Films Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Jindal Poly Films Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 5.6% based on the current price.

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.
Jindal Poly Films Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ7.9%3.2%-5.4%21.3%32.8%39.5%35.8%7.3%7.8%-35.4%-
Value Creation
Index ⓘ
-0.4-0.8-1.40.51.41.81.6-0.5-0.5-3.5-

Growth Parameters ⓘ

Sales ⓘ2,5922,9513,5963,5304,0755,8692,481543671697359
Sales YoY Gr.-13.8%21.9%-1.8%15.4%44%-57.7%-78.1%23.6%3.9%-
Adj EPS ⓘ19.230.3-90.1110.4176.2264.5216.670.668.3-23-505.9
YoY Gr.-57.8%-397.5%NA59.7%50.1%-18.1%-67.4%-3.4%-133.7%-
BVPS (₹) ⓘ412414.5333.2411.5590.2861.41,254.61,321.61,403.7934.8913.1
Adj Net
Profit ⓘ
84.1133-3954837721,158948309299-101-2,215
Cash Flow from Ops. ⓘ301288455355897730-41764.2-34.4232-
Debt/CF from Ops. ⓘ3.53.42.43.911.7-1.810.6-182.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-13.6%-29.8%-34.5%3.9%
Adj EPS ⓘ-202%-166.5%-147.3%-133.7%
BVPSⓘ9.5%9.6%-9.3%-33.4%
Share Price 5.5% -7.1% -0.2% 22.2%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ
4.87.3-24.129.635.236.520.55.55-2-54.8
Op. Profit
Mgn % ⓘ
8.910.41218.727.124.417.65.1-0.87.4-125.9
Net Profit
Mgn % ⓘ
3.24.5-1113.718.919.738.256.944.5-14.4-617.2
Debt to
Equity ⓘ
0.60.50.70.80.30.30.10.10.10.1-
Working Cap
Days ⓘ
1001111021041091122871,1711,000688450
Cash Conv.
Cycle ⓘ
2631323332336013211993386

Valuation of Jindal Poly Films - Consolidated

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales7,0156,4483,6233,5464,0825,8784,6973,9265,3352,899
Operating Expenses ⓘ + 6,3445,8303,1742,8752,9794,4624,3323,9255,0643,482
Manufacturing Costs849761411459456582604620765421
Material Costs3,7893,6752,5672,2032,2803,6003,3162,8533,7881,973
Employee Cost 97078893107116127157255307255
Other Costs ⓘ 735607102106127152256196204833
Operating Profit ⓘ 6716184506711,1031,4163651271-582
Operating Profit Margin (%) 9.6%9.6%12.4%18.9%27.0%24.1%7.8%0.0%5.1%-20.1%
Other Income ⓘ + 84756874143300647478407603
Exceptional Items ⓘ 25-31-60500106-227055-1,067
Interest ⓘ 11112150996132152173363192
Depreciation ⓘ 285255104118145153174214223176
Profit Before Tax ⓘ 385298-2415271,0401,63645591147-1,414
Tax ⓘ 116146168392504401361932-342
Profit After Tax 269152-4094897911,19631971115-1,072
PAT Margin (%) 3.8%2.4%-11.3%13.8%19.4%20.4%6.8%1.8%2.2%-37.0%
Adjusted EPS (₹)42.819.5-93.3111.6180.6273.272.916.325.1-242.0
Dividend Payout Ratio (%)2.30%5.10%-1.10%0.90%1.10%1.80%5.90%33.70%23.50%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,3662,4772,2571,8542,6423,8334,2083,9944,1183,051
Share Capital ⓘ 43.7943.7943.7943.7943.7943.7943.7943.7943.7943.79
Reserves ⓘ 2,3222,4332,2131,8112,5983,7894,1643,9514,0743,007
Debt +1,6448259271,2187621,0973,7964,0954,0443,545
Long Term Debt1,0934846819495696713,2913,1323,1793,201
Short Term Debt551341246270193426505963865343
Minority Interest72700000000-8
Trade Payables711235266253271285179368522347
Others Liabilities ⓘ 1,5489021,1301,0581,1421,3591,3561,9221,9981,308
Total Liabilities ⓘ 6,9964,4394,5814,3844,8186,5749,53910,37910,6828,242

Fixed Assets

Net Fixed Assets ⓘ +3,0981,7862,0602,3622,4662,6363,0503,2233,0422,248
Gross Block3,5862,0522,4042,8223,0393,3643,9804,6845,1444,361
Accumulated Depreciation4872663454605737299301,4602,1012,113
CWIP ⓘ 3161531182257792203302317
Investments ⓘ 9011,5421,3904404801,3183,6393,8944,0932,977
Inventories1,1594294945907149071,0091,1471,166625
Trade Receivables664151145127104209248355410233
Cash Equivalents 10788602753141206111671125
Others Assets ⓘ 7504284014087151,3061,4391,4411,5981,718
Total Assets ⓘ 6,9964,4394,5814,3844,8186,5749,53910,37910,6828,242
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 503739499369911724-566133222-110
PBT ⓘ 384285-2415271,0401,63645591142-1,404
Adjustment ⓘ 2754107367793-119-3-331761,373
Changes in Working Capital ⓘ -1510783-11033-460-583146-6-33
Tax Paid ⓘ -141-63-79-125-256-334-435-70-91-46
Cash Flow From Investing Activity ⓘ + -457-1,349-548-415-443-1,078-2,369-103166857
Capex -368-1,327-421-474-200-386-689-197-325-318
Net Investments -114-42-176-33-131-572-2,025-2946944
Others ⓘ 26204992-113-121345123445231
Cash Flow From Financing Activity ⓘ + -6370238277-5342592,856-44-382-727
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -133705178324-387621,114-172-106-77
Interest Paid ⓘ -110-112-41-67-65-24-153-143-172-107
Dividend Paid ⓘ -5-9-5-5-4-9-22-19-24-26
Others ⓘ 185118-9425-772291,917289-80-517
Net Cash Flow ⓘ -1792-10231-66-95-78-15620
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)11.766.29-17.2623.7735.1836.957.931.742.84-29.9
ROCE (%)11.5810.6-5.5418.8332.2338.829.123.166.02-15.68
Asset Turnover Ratio1.071.140.80.840.951.110.620.40.520.31
PAT to CFO Conversion(x)1.874.86N/A0.751.150.61-1.771.871.93N/A
Working Capital Days
Receivable Days3522.8014.9013.109.60916.8027.3025.7040
Inventory Days56.8044.5046.5052.3054.4046.6070.5097.8077.70111.60
Payable Days634735.60434228.2025.603542.9080.40

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Jindal Poly Films Ltd FAQs

The current trading price of Jindal Poly Films on 25-Sep-2026 16:59 is ₹691.6.

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 24-Sep-2026 the market cap of Jindal Poly Films stood at ₹3,028.3 Cr

The latest P/E ratio of Jindal Poly Films as of 24-Sep-2026 is 0.00.

The latest P/B ratio of Jindal Poly Films as of 24-Sep-2026 is 0.76.

The 52-week high of Jindal Poly Films is ₹1,025.4 and the 52-week low is ₹359.9.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Jindal Poly Films is ₹359 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Jindal Poly Films Ltd is a below average quality company.

The key valuation ratios of Jindal Poly Films Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

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

About Jindal Poly Films Ltd

Jindal Poly Films (JPFL) is a part of Rs 30 billion B C Jindal group, a 50-year old industrial group offering a wide range of products. The group has promoted a number of companies over the years and is involved in diverse activities including manufacturing of polyester film, polypropylene film, steel pipes and photographic products.

JPFL is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET film, BOPP film, metalized BOPET film and BOPP film, coated BOPET and BOPP films, polyester chips (for captive consumption in the BOPET film)

From being only a polyester yarn producer in 1985, JPFL diversified in 1996 into BOPET film production. In 2003, JPFL commenced production of BOPP film and metallised film. JPFL commenced production of coated film products by July 2005. JPFL capabilities were strengthened by the acquisition in November 2003 of Rexor SAS, in France, which produces metallised and coated films as well as tear tape, stamping foil, security thread and other high-value products. JPFL plant at Nasik, Maharashtra is the world’s largest single location plant for the manufacture of BOPET and BOPP films.

The company is the world's 5th largest BOPET Film manufacturers in the world. It is in the league of top five producers of BOPP Films in the world after the expansion.

Rexor makes and sells a broad range of metallised and coated BOPET films for preserving food products and is a market leading producer of “tear tape” for easy opening of cheese portions and laminated films used in the packaging of luxury products such as cosmetics and perfumes. It is the leading independent producer of security threads for bank notes. The company also produces film for decoration, insulation, aeronautics and sun protection. It holds proprietary technologies for laser demetallisation of security threads and other bank note security applications and for slitting films into widths as short as 0.20 millimeters.

In 2012 Jindal Poly Films entered into an agreement with ExxonMobil Chemical (ExxonMobil) to purchase ExxonMobil's BOPP Global Film business.

Milestones:

• 1985 Commenced manufacturing of POY at Gulahoti, Bulandshahar, UP.

• 1992 Backward integration into manufacturing of polyester chips for captive consumption

• 1996 Diversified into manufacturing BOPET films at Nasik.

• 2000 Installed a new thick BOPET film manufacturing facility 

• 2003 Diversified into manufacturing BOPP and metallised films at Nasik. Acquired Rexor, France in November 2003 for Euro 8.5 million 

• 2005 Started second 8.7 meters width BOPET films line with a capacity of 25000 tonnes per annum. Started 5 Layer 8.2 meters width BOPP films line with a capacity of 32000 tonnes per annum.

• 2006 Started second 8.2 meters width BOPP films with a capacity of 45000 tonnes per annum.

• 2007 Started 3rd 8.2 meters width BOPP line with a capacity of 45000 tonnes per annum.

• 2009 Started two 8.7 mtrs width BOPP lines with a capacity of 45000 tpa each.
• 2010 Started 3rd 8.7 mtrs BOPET line with a capacity of 30000 tpa.
* Between 2003-2011 -----9 Metallizer have been installed with a total capacity of 53640 tpa.

Products:

1. PET Films

Polyester film commonly known as PET film is a versatile film, which has a vast range of applications. The film provides a strong barrier to moisture, odour and gases making it suitable for use in flexible packaging. Its high tensile strength, thermal and chemical stability makes it suitable for a multitude of applications in electric insulation, office supplies, graphic arts, magnetic media imaging, metallic yarn and industrial applications.

2. BOPP Films

Polypropylene film commonly known as BOPP is widely used for food packaging, textile bags, overwraps for cigarette and personal products, adhesive tapes and labels. BOPP film possesses dimensional stability, high tensile strength, good stiffness, high clarity, excellent printability and most importantly, heat sealability.

3. Metalized Films 

JPFL has four wide width metallizers with plasma treatment facilities for enhanced shelf life and barrier properties. Two more metallizers of 2850 mm width are being installed by Jan & March 2008.

4. Coated Films 

As a part of the forward integration of BOPP and PET Films, JPFL installed two coating lines for manufacturing of entire range of specialty coated films like PVdC, Acrylic, Low Temperature Seal and High Seal Integrity coatings.  

5. Poly Chips

Jindal Group stands for the highest Polyester films, polyester chips and resins production facilities, with plants located at Nasik to cater to captive consumption.

Expansion Plans:

• One 8.7 meters wide 25000 tonnes per annum capacity BOPET film by June 2009.

• Two 8.7 meters wide with a capacity of 60000 tonnes per annum BOPP films by 2009-10.

• Two expansion coating lines with a capacity of 9000 MT in mid 2009.

• Two more metalizer with a capacity of 20000 tonnes per annum in 2010.

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