Jindal Poly Films Limited (JINDALPOLY)

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Jindal Poly Films Limited (JINDALPOLY) · mywealthgrid

About

Mid-cap packaging company (₹2,787 Cr market cap) in Industrials sector, operating in essential packaging materials for industrial and consumer goods. Currently in severe financial distress with consolidated net losses of -₹988 to -₹2,180 Cr in Mar 2026 quarters.

Face value: ₹10

Market cap

₹2,863 Cr

P/E

—

P/B

0.9×

Dividend yield

0.9%

ROE

-29.6%

ROCE

-2%

Debt / equity

1.31

OPM

-20.2%

EPS (TTM)

₹-225.8

Book value

₹696.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Severe financial distress: net losses of -₹988 to -₹2,180 Cr in Mar 2026 represent 35–78% of market cap, raising solvency concerns
Structural margin collapse: operating margins at -20.18% aggregate with quarters at -281% and -82.6%, indicating fundamental operational failure
High leverage (D/E 1.31) combined with ROE -29.57% and ongoing losses creates covenant violation risk — verify debt structure, maturity and liquidity runway
Revenue near-zero in some segments (₹0–₹0.1 Cr) suggests operational suspension in parts of business

Generated analysis · source review pending

Growth drivers

Jun 2025 and Dec 2025 recorded net profits of ₹36.51–₹92.6 Cr, indicating business can be profitable — verify if loss-making quarters reflect temporary issues with clear recovery path
Sep 2025 achieved 2.73% OPM versus -20.18% aggregate, showing significant margin improvement is possible — identify operational factors that drove this reversal
Stock returned 19.22% over 1y despite ongoing losses — verify if market is pricing turnaround/restructuring plans or reflects speculative sentiment

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹653.7-3.2%1Y

Quick read

rule-based

Pros

+High promoter holding of 74.6% with no pledge

Cons

−Low return on equity of -8.4% (3-yr avg)
−Revenue shrank over the last 5 years (-6.6% a year)
−Weak interest coverage of -0.8×

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 7
Growth: 33
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	6,512	3,623	3,545	4,082	5,878	4,627	3,926	5,335	2,899
COGS	3,675	2,567	2,198	2,280	3,600	3,247	2,853	3,788	1,973
Gross profit	2,838	1,056	1,347	1,802	2,278	1,380	1,072	1,547	927
	2,205	611	680	702	865	1,037	1,074	1,279	1,512
	632	444	667	1,100	1,413	343	-2	268	-585
OPM %	9.7%	12.3%	18.8%	27%	24%	7.4%	-0.1%	5%	-20.2%
Depreciation	255	104	118	145	153	174	214	223	176
Interest	113	45	58	59	28	148	171	360	189
	34	68	37	143	405	435	478	457	-454
Profit before tax	298	-241	527	1,040	1,636	455	91	142	-1,404
Tax	146	168	39	250	440	136	19	32	-342
Tax %	48.9%	69.7%	7.3%	24%	26.9%	30%	21.4%	22.7%	-24.4%
	152	-409	489	791	1,196	319	72	110	-1,062
PAT margin %	2.3%	-11.3%	13.8%	19.4%	20.4%	6.9%	1.8%	2.1%	-36.6%
EPS (₹)	19.5	-93.3	111.6	180.6	273.2	72.8	16.3	25.1	-242.5
EPS adjusted (₹)	19.5	-93.3	111.6	180.6	273.2	72.9	16.3	25.1	-242.1
	5.1%	—	0.9%	1.1%	1.8%	5.9%	33.7%	23.5%	—
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	44	44	44	44	44	44	44	44	44
Reserves	2,433	2,213	1,811	2,598	3,789	4,177	4,213	4,074	3,007
	826	927	1,218	762	1,097	4,084	4,430	4,415	4,003
	1,137	1,397	1,311	1,413	1,644	1,299	2,135	2,418	1,672
Total equity & liabilities	4,439	4,581	4,384	4,818	6,574	9,604	10,822	10,951	8,726
	1,786	—	2,361	2,466	2,636	3,032	3,433	3,021	2,227
CWIP	15	28	182	25	77	92	203	302	317
Investments	1,542	1,390	440	480	1,318	3,642	3,894	4,182	3,184
	1,096	3,163	1,402	1,847	2,543	2,837	3,292	3,446	2,999
Total assets	4,439	4,581	4,384	4,818	6,574	9,604	10,822	10,951	8,726

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Packaging Films	1,906.91	-118.94	3,228.51	1,118.4	2,110.11	-5.64
Nonwovens Fabrics	697.29	17.22

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	29.1%	38%	44.2%	38.8%	29.8%	27.3%	29%	32%
EBITDA margin %	12.3%	18.8%	27%	24%	7.5%	-0%	5%	-20.2%
EBIT margin %	9.4%	15.5%	23.4%	21.4%	3.7%	-5.5%	0.9%	-26.3%
PAT margin %	-11.3%	13.8%	19.4%	20.4%	6.9%	1.8%	2.1%	-36.6%
Working capital
Receivable days	15	13	9	13	20	33	28	29
Inventory days	70	98	114	92	113	147	112	116
Payable days	0	42	43	29	0	47	50	64
NWC days	85	69	80	76	133	133	90	81
Leverage
Current ratio	1.59	1.75	2.07	2.09	5.57	3.19	3.15	3.18
Debt to EBITDA	2.09	1.83	0.69	0.78	11.8	—	16.46	—
Debt to equity	0.41	0.66	0.29	0.29	0.97	1.04	1.07	1.31
Interest coverage	9.1	10.8	18.8	54.9	5.6	1.5	1.3	-0.8
Asset turnover	0.79	0.81	0.85	0.89	0.48	0.36	0.49	0.33
Return ratios
Return on assets %	-8.9%	11.1%	16.4%	18.2%	3.3%	0.7%	1%	-12.2%
Return on capital employed %	11.3%	17.6%	30.3%	33.6%	11.9%	3%	5.2%	-2%
Return on equity %	-18.1%	26.4%	29.9%	31.2%	7.6%	1.7%	2.7%	-34.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%	74.55%
	3.03%	3.08%	3%	2.96%	2.87%	3.79%	3.54%	3.12%	3.39%	3.44%	2.55%	1.93%
	0.03%	0.04%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	22.39%	22.33%	22.44%	22.48%	22.57%	21.65%	21.9%	22.32%	22.05%	22%	22.9%	23.52%
No. of shareholders	—	—	—	—	—	—	—	—	44,109	43,870	38,508	38,947

Promoter holding up 0 percentage points since Sep 2023.

34 deals · 25 Jul 2025 – 8 Apr 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
8 Apr 2026	SEETHA KUMARI .	Block	NSE	Sell	10,55,036	₹894.00	₹94.32 Cr
8 Apr 2026	SEETHA KUMARI .	Bulk	NSE	Sell	10,55,036	₹894.00	₹94.32 Cr
8 Apr 2026	M PRASAD & CO LIMITED	Block	NSE	Buy	7,70,036	₹894.00	₹68.84 Cr
8 Apr 2026	M PRASAD & CO LIMITED	Bulk	NSE	Buy	7,70,036	₹894.00	₹68.84 Cr
8 Apr 2026	MACE VENTURE	Block	NSE	Buy	2,85,000	₹894.00	₹25.48 Cr
8 Apr 2026	MACE VENTURE	Bulk	NSE	Buy	2,85,000	₹894.00	₹25.48 Cr
24 Mar 2026	SEETHA KUMARI .	Block	NSE	Sell	10,54,500	₹888.00	₹93.64 Cr
24 Mar 2026	SEETHA KUMARI .	Bulk	NSE	Sell	10,54,500	₹888.00	₹93.64 Cr
24 Mar 2026	MONET SECURITIES PRIVATE LTD	Block	NSE	Buy	3,54,500	₹888.00	₹31.48 Cr
24 Mar 2026	MONET SECURITIES PRIVATE LTD	Bulk	NSE	Buy	3,54,500	₹888.00	₹31.48 Cr

1–10 of 34

1 / 4

Mr. SANJEEV AGGARWALNon-Executive - Independent Director-Chairperson
Mrs. SONAL AGARWALNon-Executive - Independent Director
Mr. VIJENDER KUMAR SINGHALExecutive Director
Mr. RATHI BINOD PALNon-Executive - Non Independent Director
Mr. SANJEEV SAXENANon-Executive - Non Independent Director
Mr. PRAKASH MATAINon-Executive - Non Independent Director
Vinod Kumar GuptaChief Executive Officer
Ms. Rashmi GuptaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 1 fund houses

Held by these funds

of the company's equity

All mutual funds

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

1 schemes

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	32	0	0%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

19

Final dividend23 Sept 2025 · ex-date₹5.9
Final dividend23 Sept 2024 · ex-date₹5.5
Final dividend22 Sept 2023 · ex-date₹4.3
Dividend dividend21 Sept 2022 · ex-date₹5
Final dividend22 Sept 2021 · ex-date₹2
Dividend dividend22 Sept 2020 · ex-date₹1
Final dividend17 Sept 2019 · ex-date₹1
Final dividend19 Sept 2018 · ex-date₹1
Final dividend10 Aug 2017 · ex-date₹1
Final dividend19 Sept 2016 · ex-date₹1
Dividend dividend18 Sept 2015 · ex-date₹1
Dividend dividend11 Sept 2014 · ex-date₹1
Dividend dividend12 Sept 2013 · ex-date₹1
Dividend dividend20 Sept 2012 · ex-date₹2.5
Dividend dividend15 Sept 2011 · ex-date₹2.5
Dividend dividend16 Sept 2010 · ex-date₹10
Dividend dividend17 Sept 2009 · ex-date₹2
Dividend dividend18 Sept 2008 · ex-date₹2
Dividend dividend25 Sept 2007 · ex-date₹2

1

Board meeting to consider results14 Aug 2026

1

Bonus 1:122 Oct 2010 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

27 announcementsExport CSV

1 Oct 2026, 8:10 pmAGM/EGM

Voting Results Of 52Nd Annual General Meeting

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	29.1%	38%	44.2%	38.8%	29.8%	27.3%	29%	32%
EBITDA margin %	12.3%	18.8%	27%	24%	7.5%	-0%	5%	-20.2%
EBIT margin %	9.4%	15.5%	23.4%	21.4%	3.7%	-5.5%	0.9%	-26.3%
PAT margin %	-11.3%	13.8%	19.4%	20.4%	6.9%	1.8%	2.1%	-36.6%
Working capital
Receivable days	15	13	9	13	20	33	28	29
Inventory days	70	98	114	92	113	147	112	116
Payable days	0	42	43	29	0	47	50	64
NWC days	85	69	80	76	133	133	90	81
Leverage
Current ratio	1.59	1.75	2.07	2.09	5.57	3.19	3.15	3.18
Debt to EBITDA	2.09	1.83	0.69	0.78	11.8	—	16.46	—
Debt to equity	0.41	0.66	0.29	0.29	0.97	1.04	1.07	1.31
Interest coverage	9.1	10.8	18.8	54.9	5.6	1.5	1.3	-0.8
Asset turnover	0.79	0.81	0.85	0.89	0.48	0.36	0.49	0.33
Return ratios
Return on assets %	-8.9%	11.1%	16.4%	18.2%	3.3%	0.7%	1%	-12.2%
Return on capital employed %	11.3%	17.6%	30.3%	33.6%	11.9%	3%	5.2%	-2%
Return on equity %	-18.1%	26.4%	29.9%	31.2%	7.6%	1.7%	2.7%	-34.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Epl LimitedEPLEPL	₹7,443 Cr	₹8,152 Cr	₹5,043 Cr	₹1,000 Cr	20.3%	₹388 Cr	8.3%	19.5%	14.9%	97
Agi Greenpac LimitedAGIAGI	₹5,116 Cr	₹5,355 Cr	₹2,763 Cr	₹628 Cr	22.3%	₹362 Cr	13.2%	18.6%	15.6%	188
Uflex LimitedUFLEXUFLEX	₹4,692 Cr	₹14,545 Cr	₹16,866 Cr	₹2,302 Cr	12.2%	₹682 Cr	2.1%	8.6%	4.1%	89
Tcpl Packaging LimitedTCPLPACKTCPLPACK	₹3,574 Cr	₹4,148 Cr	₹1,872 Cr	₹299 Cr	16.2%	₹115 Cr	5.4%	22.4%	14.4%	98
Polyplex Corporation LimitedPOLYPLEXPOLYPLEX	₹3,228 Cr	₹4,145 Cr	₹7,601 Cr	₹592 Cr	4.9%	₹155 Cr	0.6%	1.1%	1.1%	147
Jindal Poly Films LimitedJINDALPOLYJINDALPOLY	₹2,863 Cr	₹6,866 Cr	₹2,152 Cr	₹-613 Cr	-20.2%	₹-989 Cr	-36.6%	-2%	-29.6%	81
Xpro India LimitedXPROINDIAXPROINDIA	₹2,670 Cr	₹2,959 Cr	₹535 Cr	₹50 Cr	6.3%	₹33 Cr	3.9%	3.9%	2.8%	80
Knack Packaging LimitedKNACKKNACK	₹2,211 Cr	₹2,404 Cr	₹736 Cr	₹133 Cr	18.1%	₹74 Cr	10%	47.1%	41.5%	—
Mold-Tek Packaging LimitedMOLDTKPACMOLDTKPAC	₹2,187 Cr	₹2,231 Cr	₹631 Cr	₹121 Cr	19.1%	₹64 Cr	10.1%	24.3%	17.9%	148
Cosmo First LimitedCOSMOFIRSTCOSMOFIRST	₹2,166 Cr	₹3,752 Cr	₹4,004 Cr	₹428 Cr	10.5%	₹167 Cr	4.3%	11.6%	10.1%	10
Huhtamaki India LimitedHUHTAMAKIHUHTAMAKI	₹1,757 Cr	₹1,859 Cr	₹2,610 Cr	₹225 Cr	7.7%	₹136 Cr	4.8%	12.3%	9.5%	26
Arrow Greentech LimitedARROWGREENARROWGREEN	₹1,306 Cr	₹1,306 Cr	₹247 Cr	₹86 Cr	32.2%	₹64 Cr	23.6%	30.4%	22.4%	141

Date	Category	Subject	Filing
1 Oct 2026, 8:10 pm	AGM/EGM AGM	Voting Results Of 52Nd Annual General Meeting	PDF
1 Oct 2026, 8:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 4:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 3:54 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
16 Sept 2026, 1:24 pm	Company Update General	Clarification On Volume Movement	PDF
16 Sept 2026, 11:02 am	Company Update Clarification	Clarification sought from Jindal Poly Films Ltd	—
9 Sept 2026, 2:57 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 11:52 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	739	499	369	911	724	-566	133	222	-98
	-1,349	-548	-415	-443	-1,078	-2,369	-103	276	847
	702	38	277	-534	259	2,856	-23	-492	-727
Net cash flow	92	-10	231	-66	-95	-78	6	6	22
Free cash flow	74	77	-107	711	338	-1,255	-65	-103	-427
CFO / Operating profit %	119.5%	112.4%	55.3%	82.8%	51.3%	-163.4%	—	82.6%	—

Jindal Poly Films Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

19

1

1

Announcements

19

1

1

Not in the F&O segment

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

Exceptional Items · revenue

Jindal Poly Films Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Events

Dividends19

Board meetings1

Bonus issues1

Announcements

Dividends19

Board meetings1

Bonus issues1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Exceptional Items · revenue

19

1

1

19

1

1