Styrenix Performance Materials Limited (STYRENIX)

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Styrenix Performance Materials Limited (STYRENIX) · mywealthgrid

About

Styrenix Performance Materials is a specialty chemicals company in the Materials sector, with market cap of ₹3,843 Cr and recent quarterly revenues ranging from ₹648–₹1,011 Cr. The company manufactures specialty chemicals for downstream industries including polymers, coatings, and related segments. With PE of 14.09 and ROE of 14.43%, it trades at moderate valuation relative to earnings.

Face value: ₹10

Market cap

₹3,617 Cr

P/E

13.3×

P/B

2.6×

Dividend yield

3.7%

ROE

14.4%

ROCE

13.9%

Debt / equity

0.23

OPM

10%

EPS (TTM)

₹155.1

Book value

₹776.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin volatility: OPM swung from 10.7% (Sep 2025) to 21.79% (Jun 2026) — assess what is driving such wide swings and whether recent improvements are cyclical or durable

Foreign investor skepticism: FII holding of just 0.86% vs DII at 17.44% — verify why international investors show minimal interest despite recent profitability recovery

Stock performance vs earnings: 1-year return of −22.34% despite EPS jumping 3× from Sep 2025 to Jun 2026 — either valuation concerns or market doubts about margin sustainability

Specialty chemicals sector exposure: demand volatility in downstream industries like polymers and coatings; verify end-market health and customer concentration risk

Generated analysis · source review pending

Growth drivers

Revenue momentum: Jun 2026 revenue of ₹1,011 Cr is up 27% from Sep 2025 (₹799 Cr), indicating volume or pricing recovery

Operating margin expansion: OPM improved from 10.7% in Sep 2025 to 21.79% in Jun 2026, suggesting improved cost structure or product mix

Financial flexibility: D/E ratio of 0.23 provides capacity for investment or returns

EPS acceleration: ₹78.64 in Jun 2026 vs ₹25.43 in Sep 2025 reflects both volume growth and margin improvement

Generated analysis · source review pending

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

₹2,055.0+2.7%1Y

Quick read

rule-based

Pros

+Strong return on equity of 28.7% (3-yr avg)
+High return on capital employed of 23.3%
+Revenue CAGR of 16.1% over the last 5 years
+Comfortable interest coverage of 12.6×
+Dividend yield of 3.7%
+Dividend payout of 49.7% of profit

Cons

−Profit declined 8.2% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

61/100

Business quality: 51
Growth: 48

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.

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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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,631	2,179	2,372	2,222	2,982	3,438
COGS	—	—	—	1,662	2,220	2,505
Gross profit	—	—	—	560	763	933
	—	—	—	296	412	590
	414	475	275	264	351	343
OPM %	25.4%	21.8%	11.6%	11.9%	11.8%	10%
Depreciation	36	38	38	37	53	114
Interest	15	8	5	3	6	19
	13	14	15	9	12	14
Profit before tax	376	443	247	233	304	223
Tax	—	—	—	60	69	40
Tax %	—	—	—	25.8%	22.6%	18.1%
	280	323	183	173	235	183
PAT margin %	17.2%	14.8%	7.7%	7.8%	7.9%	5.3%
EPS (₹)	—	—	—	98.5	133.7	104
EPS adjusted (₹)	159.3	183.4	104	98.5	133.7	104
	—	—	—	99.5%	23.2%	—
Annual report	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	Annual report for Mar 2026

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	18	18
Reserves	871	839	—	705	1,150	1,349
	53	10	—	10	206	309
	371	366	—	305	918	807
Total equity & liabilities	1,313	1,232	—	1,038	2,291	2,483
	328	306	290	282	673	726
CWIP	—	—	—	28	29	105
Investments	—	—	—	58	20	97
	—	—	—	670	1,569	1,554
Total assets	1,313	1,232	—	1,038	2,291	2,483

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	385	356	270	216	54	183
	-112	83	-136	-88	-85	-171
	-137	-412	-198	-177	74	-40
Net cash flow	136	27	-63	-48	43	-28
Free cash flow	—	—	—	178	-382	26
CFO / Operating profit %	93%	75.1%	98.1%	82.1%	15.5%	53.4%

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	25.2%	25.6%	27.1%
EBITDA margin %	25.4%	21.8%	11.6%	11.9%	11.8%	10%
EBIT margin %	23.1%	20.1%	10%	10.2%	10%	6.7%
PAT margin %	17.2%	14.8%	7.7%	7.8%	7.9%	5.3%
Working capital
Receivable days	—	—	—	49	54	46
Inventory days	—	—	—	59	126	97
Payable days	—	—	—	50	99	61
NWC days	—	—	—	58	81	81
Leverage
Current ratio	2.96	2.95	—	2.71	2.06	2.29
Debt to EBITDA	0.13	0.02	—	0.04	0.59	0.9
Debt to equity	0.06	0.01	—	0.01	0.18	0.23
Interest coverage	26.7	54.8	47.4	85.5	54.8	12.6
Asset turnover	1.24	1.77	—	2.14	1.3	1.38
Return ratios
Return on assets %	21.3%	26.2%	—	16.7%	10.3%	7.4%
Return on capital employed %	38.7%	46.3%	—	30.2%	25.7%	13.9%
Return on equity %	31.5%	37.7%	—	24%	20.1%	13.4%

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
	62.73%	62.73%	62.73%	46.24%	46.24%	46.24%	46.24%	46.24%	46.24%	46.24%	46.24%	46.24%
	2.26%	2.53%	2.09%	4.96%	2.95%	3.37%	2.48%	2.72%	2.19%	1.22%	0.95%	0.86%
	4.82%	5.02%	4.99%	10.59%	10.27%	11.29%	12.52%	12.07%	12.79%	15.75%	17.33%	17.44%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	30.19%	29.72%	30.19%	38.21%	40.54%	39.1%	38.76%	38.97%	38.78%	36.79%	35.48%	35.46%
No. of shareholders	—	—	—	—	—	—	—	—	45,494	47,135	45,090	44,820

Promoter holding down 16.49 percentage points since Sep 2023.

21 deals · 20 Oct 2023 – 10 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Mar 2026	MOTILAL OSWAL MUTUAL FUND	Bulk	BSE	Sell	2,34,301	₹1,884.00	₹44.14 Cr
10 Mar 2026	MOTILAL OSWAL MUTUAL FUND	Bulk	NSE	Sell	1,82,821	₹1,884.00	₹34.44 Cr
27 Jun 2024	SHIVA PERFORMANCE MATERIALS PRIVATE LIMITED	Bulk	BSE	Sell	29,00,000	₹1,862.20	₹540.04 Cr
27 Jun 2024	NIPPON INDIA MUTUAL FUND	Bulk	BSE	Buy	2,50,000	₹1,860.00	₹46.50 Cr
27 Jun 2024	SAGEONE INVESTMENT MANAGERS LLP	Bulk	BSE	Buy	2,40,000	₹1,860.00	₹44.64 Cr
27 Jun 2024	MOTILAL OSWAL MUTUAL FUND	Bulk	BSE	Buy	2,25,000	₹1,860.00	₹41.85 Cr
27 Jun 2024	MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	BSE	Buy	2,03,036	₹1,862.48	₹37.82 Cr
27 Jun 2024	SUBHKAM VENTURES I PRIVATE LIMITED	Bulk	BSE	Buy	2,00,000	₹1,860.00	₹37.20 Cr
27 Jun 2024	ENAM INVESTMENT & SERVICES PRIVATE LIMITED	Bulk	BSE	Buy	2,00,000	₹1,860.00	₹37.20 Cr
27 Jun 2024	BANDHAN MUTUAL FUND	Bulk	BSE	Buy	1,34,408	₹1,860.00	₹25.00 Cr

1–10 of 21

1 / 3

Mr. Rakesh Shiwebhagwan AgrawalExecutive Director-Chairperson related to Promoter
Mr. Milin Kaimas MehtaNon-Executive - Independent Director
Mr. Taneja PremkumarNon-Executive - Independent Director
Mr. P N PrasadNon-Executive - Independent Director
Mrs. Radhika NathNon-Executive - Independent Director
Mr. Rahul Rakesh AgrawalExecutive Director-MD
Mr. Vishal Rakesh AgrawalExecutive Director-MD
Mr. Kompalli RavishankarExecutive Director
Mr. Bhupesh P. PorwalChief Financial Officer
Mr. Chintan DoshiCompany 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

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Fund holders

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

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

7.24%

of the company's equity

All mutual funds

13.92%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

6 schemes · 4 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	11.1 L	222.22	0.27%	6.306%	-0
Conservative Hybrid Fund	SBI Mutual Fund	1.1 L	22.02	0.22%	0.625%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	29,012	5.81	0.07%	0.165%	-77,839
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	24,482	4.9	0.2%	0.139%	-536
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	167	0.03	0.01%	0.001%	+1
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	28	0.01	0.01%	0%	-0

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Documents

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

Announcements

Annual reports

Credit ratings

Compliance under Regulation 30 (LODR) - Credit Rating10 Oct 2025

Investor Presentation and earnings call

Aug 2026TranscriptAI SummaryPPTREC
May 2026Transcript AI Summary PPT REC

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

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

12 announcementsExport CSV

5 Aug 2026, 8:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	25.2%	25.6%	27.1%
EBITDA margin %	25.4%	21.8%	11.6%	11.9%	11.8%	10%
EBIT margin %	23.1%	20.1%	10%	10.2%	10%	6.7%
PAT margin %	17.2%	14.8%	7.7%	7.8%	7.9%	5.3%
Working capital
Receivable days	—	—	—	49	54	46
Inventory days	—	—	—	59	126	97
Payable days	—	—	—	50	99	61
NWC days	—	—	—	58	81	81
Leverage
Current ratio	2.96	2.95	—	2.71	2.06	2.29
Debt to EBITDA	0.13	0.02	—	0.04	0.59	0.9
Debt to equity	0.06	0.01	—	0.01	0.18	0.23
Interest coverage	26.7	54.8	47.4	85.5	54.8	12.6
Asset turnover	1.24	1.77	—	2.14	1.3	1.38
Return ratios
Return on assets %	21.3%	26.2%	—	16.7%	10.3%	7.4%
Return on capital employed %	38.7%	46.3%	—	30.2%	25.7%	13.9%
Return on equity %	31.5%	37.7%	—	24%	20.1%	13.4%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Gujarat Fluorochemicals LimitedFLUOROCHEMFLUOROCHEM	₹47,713 Cr	₹49,912 Cr	₹5,303 Cr	₹1,375 Cr	25.8%	₹615 Cr	11.5%	11.1%	7.6%	401
Navin Fluorine International LimitedNAVINFLUORNAVINFLUOR	₹41,740 Cr	₹42,967 Cr	₹3,634 Cr	₹1,232 Cr	32.6%	₹790 Cr	20%	21.6%	20.1%	61
Aether Industries LimitedAETHERAETHER	₹22,161 Cr	₹22,603 Cr	₹1,224 Cr	₹384 Cr	31.3%	₹235 Cr	19.8%	13.2%	9.4%	330
Atul LimitedATULATUL	₹17,231 Cr	₹17,411 Cr	₹6,643 Cr	₹1,189 Cr	16.4%	₹704 Cr	11%	14.1%	11.5%	70
Aarti Industries LimitedAARTIINDAARTIIND	₹16,869 Cr	₹21,790 Cr	₹9,012 Cr	₹1,337 Cr	14.1%	₹531 Cr	5.1%	8.8%	7.3%	54
Fine Organic Industries LimitedFINEORGFINEORG	₹15,752 Cr	₹15,797 Cr	₹2,472 Cr	₹535 Cr	20.4%	₹438 Cr	17.6%	21.6%	16.8%	113
Basf India LimitedBASFBASF	₹14,796 Cr	₹14,796 Cr	₹16,177 Cr	₹952 Cr	4.4%	₹643 Cr	2.8%	14%	11.1%	40
Privi Speciality Chemicals LimitedPRIVISCLPRIVISCL	₹13,970 Cr	₹14,980 Cr	₹2,671 Cr	₹666 Cr	25.2%	₹342 Cr	12.4%	27.7%	25.2%	158
Sudeep Pharma LimitedSUDEEPPHRMSUDEEPPHRM	₹13,546 Cr	₹13,694 Cr	₹676 Cr	₹233 Cr	34.6%	₹133 Cr	27.1%	31.1%	25.2%	366
Anupam Rasayan India LimitedANURASANURAS	₹13,243 Cr	₹15,058 Cr	₹2,535 Cr	₹563 Cr	22.2%	₹175 Cr	9.4%	9.1%	5.5%	377
Vinati Organics LimitedVINATIORGAVINATIORGA	₹12,528 Cr	₹12,528 Cr	₹2,381 Cr	₹665 Cr	29.4%	₹448 Cr	19.9%	18.8%	14.9%	152
Elantas Beck India LimitedELANTASELANTAS	₹10,644 Cr	₹10,644 Cr	₹778 Cr	₹147 Cr	20.3%	₹136 Cr	17.4%	20.6%	15.8%	70

Date	Category	Subject	Filing
5 Aug 2026, 8:24 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
31 Jul 2026, 5:34 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
28 Jul 2026, 7:50 pm	Board Meeting	Board Meeting Intimation for Approval Of Standalone And Consolidated Unaudited Financial Results For The First Quarter Ended On June 30, 2026 And Interim Dividend, If Any.	PDF
14 Jul 2026, 5:48 pm	Company Update Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018	PDF

Styrenix Performance Materials Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Not in the F&O segment

24

1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Styrenix Performance Materials Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

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

Credit ratings

Investor Presentation and earnings call

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Dividends24

Board meetings1

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

24

1