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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

₹721.35 -5.10 (-0.70%)

As on 18-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

₹721.35 -5.10 (-0.70%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹3,159 Cr.
Current Price
₹721.4
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
35.7
Price to Book (P/B)
1.01
Higher than its 5-year historical median
Price to Sales (P/S)
1.47
Lower than its 5-year historical median
EV/EBITDA
-227.43
Lower than its 5-year historical median
Dividend Yield
0.82%
Profitability Efficiency
Return on Equity (ROE)
2.84%
Underperforms industry median
Return on Capital Employed (ROCE)
6.02%
Underperforms industry median
Return on Assets (ROA)
1.09%
Operating Profit Margin
5.9%
Net Profit Margin
2.16%
Gross Profit Margin
5.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
23.58%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
27294.95%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
60.85%
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

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Jindal Poly Films Ltd a good quality company?
Jindal Poly Films Ltd is a average quality company, based on a somewhat consistent 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 8.52%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining 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 5.9% 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 performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.5%7.9%3.2%-5.4%21.3%32.8%39.5%35.8%7.3%7.8%-
Value Creation
Index
0.0-0.4-0.8-1.40.51.41.81.6-0.5-0.5-

Growth Parameters

Sales 2,6442,5922,9513,5963,5304,0755,8692,481543671359
Sales YoY Gr.--2%13.8%21.9%-1.8%15.4%44%-57.7%-78.1%23.6%-
Adj EPS 48.319.230.3-90.1110.4176.2264.5216.670.668.3-505.9
YoY Gr.--60.2%57.8%-397.5%NA59.7%50.1%-18.1%-67.4%-3.4%-
BVPS (₹) 394.3412414.5333.2411.5590.2861.41,254.61,321.61,403.7913.1
Adj Net
Profit
21184.1133-3954837721,158948309299-2,215
Cash Flow from Ops. 269301288455355897730-41764.2-34.4-
Debt/CF from Ops. 2.83.53.42.43.911.7-1.810.6-18-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -14.1%-28.3%-51.5%23.6%
Adj EPS 3.9%-9.2%-36.3%-3.4%
BVPS15.2%27.8%17.7%6.2%
Share Price 5.9% -6.4% 1.6% 17.2%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.94.87.3-24.129.635.236.520.55.55-43.7
Op. Profit
Mgn %
14.48.910.41218.727.124.417.65.1-0.8-125.9
Net Profit
Mgn %
83.24.5-1113.718.919.738.256.944.5-617.2
Debt to
Equity
0.40.60.50.70.80.30.30.10.10.1-
Working Cap
Days
931001111021041091122871,1711,000450
Cash Conv.
Cycle
2326313233323360132119386

Valuation of Jindal Poly Films - Consolidated

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

YTD 1Y 3Y 5Y 10Y Max
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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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7,2257,0156,4483,6233,5464,0825,8784,6973,9265,335
Operating Expenses + 6,2716,3445,8303,1742,8752,9794,4624,3323,9255,064
Manufacturing Costs835849761411459456582604620765
Material Costs3,9363,7893,6752,5672,2032,2803,6003,3162,8533,788
Employee Cost 90197078893107116127157255307
Other Costs 599735607102106127152256196204
Operating Profit 9546716184506711,1031,4163651271
Operating Profit Margin (%) 13.2%9.6%9.6%12.4%18.9%27.0%24.1%7.8%0.0%5.1%
Other Income + 1784756874143300647478407
Exceptional Items 925-31-60500106-227055
Interest 10611112150996132152173363
Depreciation 240285255104118145153174214223
Profit Before Tax 636385298-2415271,0401,63645591147
Tax 181116146168392504401361932
Profit After Tax 456269152-4094897911,19631971115
PAT Margin (%) 6.3%3.8%2.4%-11.3%13.8%19.4%20.4%6.8%1.8%2.2%
Adjusted EPS (₹)77.242.819.5-93.3111.6180.6273.272.916.325.1
Dividend Payout Ratio (%)1.30%2.30%5.10%-1.10%0.90%1.10%1.80%5.90%33.70%23.50%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2,2162,3662,4772,2571,8542,6423,8334,2083,9944,118
Share Capital 44444444444444444444
Reserves 2,1722,3222,4332,2131,8112,5983,7894,1643,9514,074
Debt +1,7581,6448259271,2187621,0973,7964,0954,044
Long Term Debt1,2261,0934846819495696713,2913,1323,179
Short Term Debt532551341246270193426505963865
Minority Interest69972700000000
Trade Payables597711235266253271285179368522
Others Liabilities 1,3971,5489021,1301,0581,1421,3591,3561,9221,998
Total Liabilities 6,6686,9964,4394,5814,3844,8186,5749,53910,37910,682

Fixed Assets

Net Fixed Assets +3,0013,0981,7862,0602,3622,4662,6363,0503,2233,042
Gross Block3,2663,5862,0522,4042,8223,0393,3643,9804,6845,144
Accumulated Depreciation2644872663454605737299301,4602,101
CWIP 3893161531182257792203302
Investments 7279011,5421,3904404801,3183,6393,8944,093
Inventories1,1091,1594294945907149071,0091,1471,166
Trade Receivables732664151145127104209248355410
Cash Equivalents 15810788602753141206111671
Others Assets 5517504284014087151,3061,4391,4411,598
Total Assets 6,6686,9964,4394,5814,3844,8186,5749,53910,37910,682
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 619503739499369911724-566133222
PBT 636384285-2415271,0401,63645591142
Adjustment 4082754107367793-119-3-33176
Changes in Working Capital -227-1510783-11033-460-583146-6
Tax Paid -198-141-63-79-125-256-334-435-70-91
Cash Flow From Investing Activity + -646-457-1,349-548-415-443-1,078-2,369-103276
Capex -523-368-1,327-421-474-200-386-689-197-314
Net Investments -249-114-42-176-33-131-572-2,025-2946
Others 12626204992-113-121345123544
Cash Flow From Financing Activity + 22-6370238277-5342592,856-44-492
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0-133705178324-387621,114-172-106
Interest Paid -86-110-112-41-67-65-24-153-143-281
Dividend Paid -5-5-9-5-5-4-9-22-19-24
Others 113185118-9425-772291,917289-80
Net Cash Flow -5-1792-10231-66-95-78-156
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.8411.766.29-17.2623.7735.1836.957.931.742.84
ROCE (%)18.9911.5810.6-5.5418.8332.2338.829.123.166.02
Asset Turnover Ratio1.21.071.140.80.840.951.110.620.40.52
PAT to CFO Conversion(x)1.361.874.86N/A0.751.150.61-1.771.871.93
Working Capital Days
Receivable Days353522.8014.9013.109.60916.8027.3025.70
Inventory Days50.5056.8044.5046.5052.3054.4046.6070.5097.8077.70
Payable Days57.20634735.60434228.2025.603542.90

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Jindal Poly Films Ltd FAQs

The current trading price of Jindal Poly Films on 18-Sep-2026 16:59 is ₹721.4.

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 17-Sep-2026 the market cap of Jindal Poly Films stood at ₹3,158.5 Cr

The latest P/E ratio of Jindal Poly Films as of 17-Sep-2026 is 0.00.

The latest P/B ratio of Jindal Poly Films as of 17-Sep-2026 is 0.79.

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 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 Strong which suggest that the price of Jindal Poly Films Ltd is likely to Rise 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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