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Polyplex Corporation Limited (POLYPLEX) Fair Value & Analysis

Basic Materials · IN · Market cap ₹31.1B

PC Polyplex Corporation Limited POLYPLEX · NSE
Price₹1,211
Fair Value₹401.54
Upside-66.8%
Quality47/100
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Healthy Growth
Thin margins · 0.6% net margin
Low debt · generates free cash flow
0.31% dividend yield
Mixed vs. peers (6/14)
Narrow moat 22/100
Evidence: Medium Range ₹182.56 – ₹547.08 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +12.4% over the past month.

Below-average quality, and screening another 67% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹547.08). The favourable scenario is already priced in.
  • The model range is unusually wide (₹182.56 to ₹547.08). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹2,587 ₹747.80 Fair Value ₹401.54 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹747.80 – ₹2,587 · fair‑value band ₹182.56 – ₹547.08 · the ₹1,211 price screens above the ₹401.54 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Polyplex Corporation Limited (POLYPLEX) currently trades at ₹1,211, while our model-based Fair Value estimate is ₹401.54, implying the stock looks roughly 66.8% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Polyplex Corporation Limited generated revenue of ₹70.9B at a net margin of 0.6%. Revenue grew 7.5% year over year. It earns a return on equity of 0.6%. Net debt stands at ₹1.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹182.56 (bear case) to ₹547.08 (bull case); at ₹1,211, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 64% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at -67%, POLYPLEX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹671.88 ₹985.51 ₹1,500 80
Residual Income ₹926.26 ₹865.68 ₹635.40 76
Rev-Margin DCF ₹888.35 ₹1,419 ₹2,078 74
All 26 models by family
DCF Models
FCF DCF ₹671.40 ₹1,002 ₹1,554 38
Owner Earnings ₹223.79 ₹232.09 ₹245.93 31
5Y Revenue Exit ₹888.35 ₹1,436 ₹2,174 39
5Y EBITDA Exit ₹1,297 ₹2,252 ₹3,438 41
5Y P/E Exit ₹475.14 ₹611.00 ₹757.47 38
10Y Revenue Exit ₹782.85 ₹1,275 ₹2,014 36
10Y EBITDA Exit ₹1,077 ₹1,862 ₹3,039 37
10Y P/E Exit ₹538.87 ₹681.02 ₹863.79 35
Earnings-Based
Graham-Dodd ₹97.37 ₹401.54 ₹547.08 54
Lynch FV ₹101.13 ₹144.48 ₹187.82 50
PEG = 1.0 ₹101.13 ₹144.48 ₹187.82 46
EPV ₹967.63 ₹1,094 ₹1,204 59
Dividend Discount
Gordon GGM ₹63.76 ₹132.57 ₹210.31 70
DDM Multi-Stage ₹63.76 ₹111.79 ₹139.14 61
Multiples
P/E Multiple ₹182.56 ₹243.42 ₹304.27 63
P/S Multiple ₹182.56 ₹243.42 ₹304.27 58
P/B Multiple ₹182.56 ₹243.42 ₹304.27 55
EV/EBIT ₹1,138 ₹1,446 ₹1,754 53
EV/EBITDA ₹1,741 ₹2,251 ₹2,760 54
EV/Revenue ₹1,014 ₹1,358 ₹1,702 43
Asset-Based
NCAV (Graham) ₹675.31 ₹904.91 ₹1,351 50
Growth DCF
Growth DCF ₹671.88 ₹985.51 ₹1,500 80
Rev-Margin DCF ₹888.35 ₹1,419 ₹2,078 74
Economic Profit
Residual Income ₹926.26 ₹865.68 ₹635.40 76
ROIC Compounder ₹967.63 ₹1,094 ₹1,204 72
Growth Earnings
Growth-Adj P/E ₹154.73 ₹221.04 ₹287.35 68

Widest divergence: DCF Models (₹1,002) versus Dividend Discount (₹111.79). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹70.9B
Revenue growth (YoY) +7.5%
Net margin 0.6%
Return on equity 0.6%
Free cash flow ₹1.2B FY2026
P/E ratio 84.7
More key figures
Operating margin -0.3%
EPS (TTM) ₹14.30
Dividend yield 0.3%
EPS growth (YoY) +146%
Net debt ₹1.1B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 76

Profitability 26
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Polyplex Corporation Limited engages in the manufacture and sale of polymeric films in India, other Asian countries, Europe, the Americas, and internationally.

Full company description

Polyplex Corporation Limited engages in the manufacture and sale of polymeric films in India, other Asian countries, Europe, the Americas, and internationally. It offers Sarafil base films, including biaxially-oriented polyester (BOPET) films for use in packaging, electrical, and industrial applications; BO polypropylene (PP) films for flexible packaging and other applications; cast and blown PP films for flexible packaging and other applications; sustainable films; holographic films; and transfer metalized papers. The company also provides Saracote silicone coated PET/PP films, such as release liner-labels and specialty products, shingle roofing tapes, release film liners, and primer coated liners used in labels, tapes, roofing shingles, and peels and sticks underlayments. In addition, it offers Saralam range of extrusion coated film products comprising reflective insulation, decorative lamination, PET thermal lamination film-thin and thick gauge, PP thermal lamination, MegaBond PET and PP thermal lamination, nylon thermal lamination, and Zafira UV polyester thermal lamination films for use in thermal lamination products, such as book covers, identity cards, etc., as well as in carton lamination, commercial films, etc. Further, the company provides Saraprint, a non tearable PET films, which include digital print media products, polyester master plates, laser printer, inkjet, backlit, and label face films for various applications that comprise photo albums, commercial printing, promotional and customized digital printing, mini-offset printing, and label and flexible packaging applications, as well as in durable displays, certificates, aadhar cards, product catalogues, company brochures, signage, posters, graphic industries, visiting cards, menu cards, bills, and self-adhesive labels applications. Polyplex Corporation Limited was incorporated in 1984 and is based in Noida, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Polyplex Corporation Limited reported revenue of ₹70.9B in FY2026 versus ₹66.1B in FY2022, a compound +1.8%/yr. Reported net income was ₹450M in FY2026, compounding −47.0%/yr from FY2022.

Growth Quality 70/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹70.9B
Latest YoY
+2.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.5%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.6%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.7%
Revenue +1.8%/yr
FY22 ₹66.1B
FY23 ₹76.4B
FY24 ₹62.9B
FY25 ₹68.9B
FY26 ₹70.9B
Net income −47.0%/yr
FY22 ₹5.7B
FY23 ₹3.5B
FY24 ₹378M
FY25 ₹2.1B
FY26 ₹450M
Character of growth · EPS growth decomposed (2015-2026) +0.0 % p.a.
Revenue per share +8.9 pp

of which total revenue +8.7 pp · buybacks/dilution +0.2 pp

EBIT margin −2.5 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −6.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

POLYPLEX screens 67% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Polyplex Corporation Limited Fair Value". https://www.fairvalue-calculator.com/stock/POLYPLEX

Peer Group

Specialty Chemicals · 672 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 84.7× · Pricier than 75% of peers
P/B 0.73× · Cheaper than 75% of peers
P/S (TTM) 0.44× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 7.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 38 · sector 18
PAST 2 · sector 23
HEALTH 98 · sector 95
DIVIDEND 6 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Asian Paints Limited ASIANPAINT ₹2,756 ₹664.51 -76%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is Polyplex Corporation Limited (POLYPLEX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹401.54 versus a price of ₹1,211, about −67% (overvalued).
What is the fair value of POLYPLEX?
Our model-based fair value for Polyplex Corporation Limited is ₹401.54 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,211.
What is the quality score of POLYPLEX?
Polyplex Corporation Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Polyplex Corporation Limited (POLYPLEX)?
Polyplex Corporation Limited reported trailing-twelve-month revenue of about ₹70.9B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of POLYPLEX?
The net profit margin of Polyplex Corporation Limited is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Polyplex Corporation Limited pay a dividend?
Polyplex Corporation Limited currently shows a dividend yield of about 0.31% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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