Polyplex Corporation
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Polyplex Corporation’s board has decided not to participate in the mandatory tender offer made by AGPH (Thailand) Ltd. for all ordinary shares of its step-down subsidiary, Polyplex (Thailand) Public Company Limited. The board meeting held on July 1, 2026, resolved to retain the company’s direct and indirect 51% stake in PTL, rejecting the offer that valued the entire company at THB 13.5 billion (around ₹310 crores). The offeror had filed the formal tender document with Thai regulators on June 29, 2026, following a preliminary announcement in late June. Polyplex’s decision signals a long-term commitment to the Thai business and forgoes a potential cash inflow of approximately ₹158 crores.
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Polyplex Corporation’s board has decided not to participate in the mandatory tender offer made by AGPH (Thailand) Ltd. for all ordinary shares of its step-down subsidiary, Polyplex (Thailand) Public Company Limited. The board meeting held on July 1, 2026, resolved to retain the company’s direct and indirect 51% stake in PTL, rejecting the offer that valued the entire company at THB 13.5 billion (around ₹310 crores). The offeror had filed the formal tender document with Thai regulators on June 29, 2026, following a preliminary announcement in late June. Polyplex’s decision signals a long-term commitment to the Thai business and forgoes a potential cash inflow of approximately ₹158 crores.
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AGPH (Thailand) Ltd., a unit of AGP Holdco that holds 24.28% of Polyplex Corporation, announced a mandatory tender offer to acquire all 900 million ordinary shares of Polyplex (Thailand) PCL, a step-down subsidiary of the Indian polyester film maker. The offer values each share at THB 15, or a total of THB 13.5 billion (around ₹310 crores). AGPH currently holds no shares in the Thai subsidiary. The formal offer document is expected by June 29, 2026. Polyplex Corporation disclosed the development to Indian stock exchanges as a material event, noting the offeror's link to a significant shareholder of the parent company.
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AGPH (Thailand) Ltd., a unit of AGP Holdco that holds 24.28% of Polyplex Corporation, announced a mandatory tender offer to acquire all 900 million ordinary shares of Polyplex (Thailand) PCL, a step-down subsidiary of the Indian polyester film maker. The offer values each share at THB 15, or a total of THB 13.5 billion (around ₹310 crores). AGPH currently holds no shares in the Thai subsidiary. The formal offer document is expected by June 29, 2026. Polyplex Corporation disclosed the development to Indian stock exchanges as a material event, noting the offeror's link to a significant shareholder of the parent company.
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- Polyplex (Thailand) will hold its 2026 annual general meeting of shareholders via electronic meeting on July 30, 2026.
- Shareholders will vote on a proposed cash dividend of THB 0.12 per share, totaling THB 108 million, for FY 2025-26.
- Other proposals include the reappointment of directors retiring by rotation, approval of directors’ remuneration, and appointment of auditors with their fees.
- The meeting will also consider the audited financial statements for the year ended March 31, 2026, and certify the minutes of the 2025 annual meeting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polyplex (Thailand) pcl published the original content used to generate this news brief on May 22, 2026, and is solely responsible for the information contained therein.
- Polyplex (Thailand) will hold its 2026 annual general meeting of shareholders via electronic meeting on July 30, 2026.
- Shareholders will vote on a proposed cash dividend of THB 0.12 per share, totaling THB 108 million, for FY 2025-26.
- Other proposals include the reappointment of directors retiring by rotation, approval of directors’ remuneration, and appointment of auditors with their fees.
- The meeting will also consider the audited financial statements for the year ended March 31, 2026, and certify the minutes of the 2025 annual meeting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polyplex (Thailand) pcl published the original content used to generate this news brief on May 22, 2026, and is solely responsible for the information contained therein.
Feb 13 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD DEC-QUARTER CONSOL NET PROFIT 147.6 MILLION RUPEES
POLYPLEX CORP LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 16.82 BILLION RUPEES
Source text: ID:nBSE6LkPyw
Further company coverage: PLYP.NS
(([email protected];))
Feb 13 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD DEC-QUARTER CONSOL NET PROFIT 147.6 MILLION RUPEES
POLYPLEX CORP LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 16.82 BILLION RUPEES
Source text: ID:nBSE6LkPyw
Further company coverage: PLYP.NS
(([email protected];))
Polyplex (Thailand) pcl reported an increase in film sales volumes, reaching 66,468 metric tons, up 4.7% year-on-year and 7.3% quarter-on-quarter. Sales value rose by 12.8% year-on-year and 10.6% quarter-on-quarter, while normalized EBITDA climbed 27.3% year-on-year and 5.6% quarter-on-quarter, reflecting improved margins and operational performance. The company also noted a 58.2% year-on-year and 60.2% quarter-on-quarter increase in normalized profit after tax. Cash and cash equivalents grew due to strong operational cash generation, partially offset by investments in ongoing projects. Trade receivables and inventories decreased, largely attributed to lower sales, shifts in sales mix, and changes in inventory levels. The full report can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polyplex (Thailand) pcl published the original content used to generate this news brief on February 12, 2026, and is solely responsible for the information contained therein.
Polyplex (Thailand) pcl reported an increase in film sales volumes, reaching 66,468 metric tons, up 4.7% year-on-year and 7.3% quarter-on-quarter. Sales value rose by 12.8% year-on-year and 10.6% quarter-on-quarter, while normalized EBITDA climbed 27.3% year-on-year and 5.6% quarter-on-quarter, reflecting improved margins and operational performance. The company also noted a 58.2% year-on-year and 60.2% quarter-on-quarter increase in normalized profit after tax. Cash and cash equivalents grew due to strong operational cash generation, partially offset by investments in ongoing projects. Trade receivables and inventories decreased, largely attributed to lower sales, shifts in sales mix, and changes in inventory levels. The full report can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polyplex (Thailand) pcl published the original content used to generate this news brief on February 12, 2026, and is solely responsible for the information contained therein.
** Shares of Polyplex Corporation PLYP.NS rise 2.3% to 1217.4 rupees
** The packaging film products maker's U.S. unit starts production in thin film manufacturing line
** Unit also increases PET resin plant capacity to 86,000 MTPA from 58,000 MTPA
** Stock down 6.6% so far this year
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Polyplex Corporation PLYP.NS rise 2.3% to 1217.4 rupees
** The packaging film products maker's U.S. unit starts production in thin film manufacturing line
** Unit also increases PET resin plant capacity to 86,000 MTPA from 58,000 MTPA
** Stock down 6.6% so far this year
(Reporting by Aleef Jahan in Bengaluru)
March 21 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD - UNIT STARTS TRIAL RUNS OF NEW PROJECTS
POLYPLEX CORP LTD - CAPITAL EXPENDITURE FOR PROJECTS AMOUNTS TO USD 124 MILLION
Source text: ID:nBSE4BD0LY
Further company coverage: PLYP.NS
(([email protected];))
March 21 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD - UNIT STARTS TRIAL RUNS OF NEW PROJECTS
POLYPLEX CORP LTD - CAPITAL EXPENDITURE FOR PROJECTS AMOUNTS TO USD 124 MILLION
Source text: ID:nBSE4BD0LY
Further company coverage: PLYP.NS
(([email protected];))
Feb 14 (Reuters) - Polyplex Corp Ltd PLYP.NS:
DEC-QUARTER CONSOL NET PROFIT 577.7 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 17.21 BILLION RUPEES
Source text: ID:nBSE5bHVC6
Further company coverage: PLYP.NS
(([email protected];))
Feb 14 (Reuters) - Polyplex Corp Ltd PLYP.NS:
DEC-QUARTER CONSOL NET PROFIT 577.7 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 17.21 BILLION RUPEES
Source text: ID:nBSE5bHVC6
Further company coverage: PLYP.NS
(([email protected];))
Jan 9 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD - APPROVED SETTING UP BOPET MANUFACTURING FILM PLANT
POLYPLEX CORP LTD - INVESTMENT REQUIRED WILL BE AROUND 5.58 BILLION RUPEES
Source text: ID:nBSE1PQqW1
Further company coverage: PLYP.NS
(([email protected];;))
Jan 9 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD - APPROVED SETTING UP BOPET MANUFACTURING FILM PLANT
POLYPLEX CORP LTD - INVESTMENT REQUIRED WILL BE AROUND 5.58 BILLION RUPEES
Source text: ID:nBSE1PQqW1
Further company coverage: PLYP.NS
(([email protected];;))
** Shares of Polyplex Corp PLYP.NS rise 9.3% to 1,293.6 rupees
** Packaging film products maker reports a consolidated net profit of 535.2 mln rupees ($6 mln) for its first quarter vs a loss of 31.2 mln rupees a year earlier; rev from ops up 8% Y/Y
** More than 1.6 mln shares change hands, 5.1x its 30-day avg
** Stock up 23% so far this year
($1 = 83.9450 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
** Shares of Polyplex Corp PLYP.NS rise 9.3% to 1,293.6 rupees
** Packaging film products maker reports a consolidated net profit of 535.2 mln rupees ($6 mln) for its first quarter vs a loss of 31.2 mln rupees a year earlier; rev from ops up 8% Y/Y
** More than 1.6 mln shares change hands, 5.1x its 30-day avg
** Stock up 23% so far this year
($1 = 83.9450 Indian rupees)
(Reporting by Ashna Teresa Britto in Bengaluru)
(([email protected] ; ( +91 8078332441))
July 17 (Reuters) - Polyplex Corp Ltd PLYP.NS:
PRODUCTION AT CO'S UTTARAKHAND MANUFACTURING FACILITY RESUMED OPERATIONS
Source text for Eikon: ID:nBSE3Zv49L
Further company coverage: PLYP.NS
(([email protected];))
July 17 (Reuters) - Polyplex Corp Ltd PLYP.NS:
PRODUCTION AT CO'S UTTARAKHAND MANUFACTURING FACILITY RESUMED OPERATIONS
Source text for Eikon: ID:nBSE3Zv49L
Further company coverage: PLYP.NS
(([email protected];))
July 8 (Reuters) - Polyplex Corp Ltd PLYP.NS:
MANUFACTURING PLANT AT UTTARAKHAND SUSPENDED EFFECTIVE JULY 8 DUE TO HEAVY RAIN
Further company coverage: PLYP.NS
(([email protected];))
July 8 (Reuters) - Polyplex Corp Ltd PLYP.NS:
MANUFACTURING PLANT AT UTTARAKHAND SUSPENDED EFFECTIVE JULY 8 DUE TO HEAVY RAIN
Further company coverage: PLYP.NS
(([email protected];))
** Shares of Polyplex Corp PLYP.NS fall as much as 3.9% to 925.70 rupees, lowest level since May 3, 2021
** Packaging film products maker on Wednesday reported 88.1% Y/Y drop in Q3 consolidated net profit
** Rev from ops fell ~20% Y/Y, marking fourth straight drop
** Trading vol 1.8x the 30-day daily avg
** Including session's loss, stock down 11.5% this year
** Stock fell 32.6% last year after an 11.8% drop in 2022
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Polyplex Corp PLYP.NS fall as much as 3.9% to 925.70 rupees, lowest level since May 3, 2021
** Packaging film products maker on Wednesday reported 88.1% Y/Y drop in Q3 consolidated net profit
** Rev from ops fell ~20% Y/Y, marking fourth straight drop
** Trading vol 1.8x the 30-day daily avg
** Including session's loss, stock down 11.5% this year
** Stock fell 32.6% last year after an 11.8% drop in 2022
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
Feb 14 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD DEC-QUARTER CONSOL NET PROFIT 46 MILLION RUPEES VERSUS 386.7 MILLION RUPEES
POLYPLEX CORP LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.96 BILLION RUPEES VERSUS 18.63 BILLION RUPEES
Source text for Eikon: ID:nNSEbSsfWq
Further company coverage: PLYP.NS
(([email protected];))
Feb 14 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD DEC-QUARTER CONSOL NET PROFIT 46 MILLION RUPEES VERSUS 386.7 MILLION RUPEES
POLYPLEX CORP LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 14.96 BILLION RUPEES VERSUS 18.63 BILLION RUPEES
Source text for Eikon: ID:nNSEbSsfWq
Further company coverage: PLYP.NS
(([email protected];))
Nov 6 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD - DIVIDEND 2 RUPEES PER SHARE
INDIA'S POLYPLEX CORP LTD SEPT-QUARTER CONSOL NET PROFIT 279.3 MILLION RUPEES VERSUS PROFIT 1.15 BILLION RUPEES
POLYPLEX CORP LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 15.72 BILLION RUPEES VERSUS 20.89 BILLION RUPEES
Source text for Eikon: ID:nBSE9xcYF8
Further company coverage: PLYP.NS
(([email protected];))
Nov 6 (Reuters) - Polyplex Corp Ltd PLYP.NS:
POLYPLEX CORP LTD - DIVIDEND 2 RUPEES PER SHARE
INDIA'S POLYPLEX CORP LTD SEPT-QUARTER CONSOL NET PROFIT 279.3 MILLION RUPEES VERSUS PROFIT 1.15 BILLION RUPEES
POLYPLEX CORP LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 15.72 BILLION RUPEES VERSUS 20.89 BILLION RUPEES
Source text for Eikon: ID:nBSE9xcYF8
Further company coverage: PLYP.NS
(([email protected];))
** Shares of Polyplex Corporation Ltd PLYP.NS fall as much as 8.5% to 1,389.90 rupees; mark sharpest intraday pct loss since May 11, 2022
** Co on Tuesday reported ~96% Y/Y drop in Q4 consolidated net profit and 11.6% fall in revenue from operations
** The packaging film products maker also recommended a final dividend of 3 rupees per share for FY24
** Share price below 100-day and 200-day exponential moving averages but above 50-day EMAs
** More than 390,000 shares change hands by 9:43 a.m. IST, 2.1x 30-day avg of 184,320 shares
** Including session's loss, stock down 10% YTD
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
** Shares of Polyplex Corporation Ltd PLYP.NS fall as much as 8.5% to 1,389.90 rupees; mark sharpest intraday pct loss since May 11, 2022
** Co on Tuesday reported ~96% Y/Y drop in Q4 consolidated net profit and 11.6% fall in revenue from operations
** The packaging film products maker also recommended a final dividend of 3 rupees per share for FY24
** Share price below 100-day and 200-day exponential moving averages but above 50-day EMAs
** More than 390,000 shares change hands by 9:43 a.m. IST, 2.1x 30-day avg of 184,320 shares
** Including session's loss, stock down 10% YTD
(Reporting by Ashish Chandra in Bengaluru)
(([email protected] (+91 7982114624))
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What does Polyplex Corporation do?
Polyplex Corporation Limited is a global leader in manufacturing PET film with diverse capabilities including thin and thick film for various applications. The company also produces BOPP, Blown PP/PE, and CPP films with integrated downstream capabilities.
Who are the competitors of Polyplex Corporation?
Polyplex Corporation major competitors are Xpro India, Uflex, Jindal Poly Films, Cosmo First, Arrow Greentech, Nahar Poly Films. Market Cap of Polyplex Corporation is ₹3,343 Crs. While the median market cap of its peers are ₹2,568 Crs.
Is Polyplex Corporation financially stable compared to its competitors?
Polyplex Corporation seems to be less financially stable compared to its competitors. Altman Z score of Polyplex Corporation is 2.15 and is ranked 4 out of its 7 competitors.
Does Polyplex Corporation pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Polyplex Corporation latest dividend payout ratio is 20.26% and 3yr average dividend payout ratio is 41.48%
How has Polyplex Corporation allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Inventory
How strong is Polyplex Corporation balance sheet?
Balance sheet of Polyplex Corporation is moderately strong.
Is the profitablity of Polyplex Corporation improving?
The profit is oscillating. The profit of Polyplex Corporation is ₹40.93 Crs for TTM, ₹209 Crs for Mar 2025 and ₹37.83 Crs for Mar 2024.
Is the debt of Polyplex Corporation increasing or decreasing?
Yes, The net debt of Polyplex Corporation is increasing. Latest net debt of Polyplex Corporation is ₹92.17 Crs as of Mar-26. This is greater than Mar-25 when it was -₹594.55 Crs.
Is Polyplex Corporation stock expensive?
Yes, Polyplex Corporation is expensive. Latest PE of Polyplex Corporation is 74.59, while 3 year average PE is 32.01. Also latest EV/EBITDA of Polyplex Corporation is 11.67 while 3yr average is 7.3.
Has the share price of Polyplex Corporation grown faster than its competition?
Polyplex Corporation has given better returns compared to its competitors. Polyplex Corporation has grown at ~14.25% over the last 10yrs while peers have grown at a median rate of 10.0%
Is the promoter bullish about Polyplex Corporation?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Polyplex Corporation is 26.73% and last quarter promoter holding is 26.73%.
Are mutual funds buying/selling Polyplex Corporation?
The mutual fund holding of Polyplex Corporation is decreasing. The current mutual fund holding in Polyplex Corporation is 2.09% while previous quarter holding is 2.26%.