Declared Dividend • Aug 06
Dividend of ₹23.00 announced Shareholders will receive a dividend of ₹23.00. Ex-date: 10th August 2026 Payment date: 3rd September 2029 Dividend yield will be 2.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (314% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 67% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.0% EPS decline seen over the last 5 years. Ankündigung • Aug 05
Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026 Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026, at 11:30 Indian Standard Time. Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: ₹78.64 (vs ₹31.20 in 1Q 2026) First quarter 2027 results: EPS: ₹78.64 (up from ₹31.20 in 1Q 2026). Revenue: ₹10.1b (up 7.1% from 1Q 2026). Net income: ₹1.38b (up 166% from 1Q 2026). Profit margin: 14% (up from 5.5% in 1Q 2026). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Jul 28
Styrenix Performance Materials Limited to Report Q1, 2027 Results on Aug 04, 2026 Styrenix Performance Materials Limited announced that they will report Q1, 2027 results on Aug 04, 2026 Reported Earnings • May 17
Full year 2026 earnings released: EPS: ₹104 (vs ₹134 in FY 2025) Full year 2026 results: EPS: ₹104 (down from ₹134 in FY 2025). Revenue: ₹34.5b (up 16% from FY 2025). Net income: ₹1.83b (down 22% from FY 2025). Profit margin: 5.3% (down from 7.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • May 08
Styrenix Performance Materials Limited to Report Q4, 2026 Results on May 16, 2026 Styrenix Performance Materials Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 16, 2026 Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Radhika Nath was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 31
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.7% net profit margin). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: ₹9.29 (vs ₹27.12 in 3Q 2025) Third quarter 2026 results: EPS: ₹9.29 (down from ₹27.12 in 3Q 2025). Revenue: ₹8.71b (up 26% from 3Q 2025). Net income: ₹163.4m (down 66% from 3Q 2025). Profit margin: 1.9% (down from 6.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 29
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to ₹1,927. The fair value is estimated to be ₹1,596, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Ankündigung • Jan 22
Styrenix Performance Materials Limited to Report Q3, 2026 Results on Jan 29, 2026 Styrenix Performance Materials Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Buy Or Sell Opportunity • Jan 12
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to ₹1,961. The fair value is estimated to be ₹1,606, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 2.8%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. New Risk • Nov 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 8.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (63% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹25.43 (vs ₹39.86 in 2Q 2025) Second quarter 2026 results: EPS: ₹25.43 (down from ₹39.86 in 2Q 2025). Revenue: ₹8.02b (up 23% from 2Q 2025). Net income: ₹447.2m (down 36% from 2Q 2025). Profit margin: 5.6% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Nov 05
Styrenix Performance Materials Limited to Report Q2, 2026 Results on Nov 12, 2025 Styrenix Performance Materials Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 Declared Dividend • Aug 15
Dividend of ₹31.00 announced Shareholders will receive a dividend of ₹31.00. Ex-date: 21st August 2025 Payment date: 12th September 2025 Dividend yield will be 2.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 39% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Full year 2025 earnings released: EPS: ₹134 (vs ₹98.47 in FY 2024) Full year 2025 results: EPS: ₹134 (up from ₹98.47 in FY 2024). Revenue: ₹29.8b (up 34% from FY 2024). Net income: ₹2.35b (up 36% from FY 2024). Profit margin: 7.9% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Ankündigung • Aug 09
Styrenix Performance Materials Limited to Report Q1, 2026 Results on Aug 13, 2025 Styrenix Performance Materials Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Ankündigung • Aug 06
Styrenix Performance Materials Limited, Annual General Meeting, Aug 29, 2025 Styrenix Performance Materials Limited, Annual General Meeting, Aug 29, 2025, at 11:30 Indian Standard Time. Reported Earnings • May 26
Full year 2025 earnings released: EPS: ₹134 (vs ₹98.47 in FY 2024) Full year 2025 results: EPS: ₹134 (up from ₹98.47 in FY 2024). Revenue: ₹29.9b (up 35% from FY 2024). Net income: ₹2.35b (up 36% from FY 2024). Profit margin: 7.9% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Ankündigung • May 17
Styrenix Performance Materials Limited to Report Q4, 2025 Results on May 24, 2025 Styrenix Performance Materials Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 24, 2025 Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹2,669, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 270% over the past three years. Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: ₹27.12 (vs ₹19.87 in 3Q 2024) Third quarter 2025 results: EPS: ₹27.12 (up from ₹19.87 in 3Q 2024). Revenue: ₹6.92b (up 43% from 3Q 2024). Net income: ₹476.9m (up 37% from 3Q 2024). Profit margin: 6.9% (down from 7.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Ankündigung • Jan 24
Styrenix Performance Materials Limited to Report Q3, 2025 Results on Jan 30, 2025 Styrenix Performance Materials Limited announced that they will report Q3, 2025 results on Jan 30, 2025 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,928, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 33x in the Chemicals industry in India. Total returns to shareholders of 185% over the past three years. Ankündigung • Dec 09
Styrenix Performance Materials Limited Declares Interim Dividend for Fiscal Year 2024-25 Styrenix Performance Materials Limited announced at the board meeting held on December 9, 2024, approved Declaration of Interim Dividend for F.Y. 2024-25 of INR 31 (i.e. 310 %) per equity share of INR 10 each. As informed vide letter dated December 04, 2024, the record date for the purpose of determining the members eligible to receive the interim dividend 2024-25, has been fixed as December 17, 2024. Reported Earnings • Oct 29
Second quarter 2025 earnings released: EPS: ₹39.86 (vs ₹32.08 in 2Q 2024) Second quarter 2025 results: EPS: ₹39.86 (up from ₹32.08 in 2Q 2024). Revenue: ₹6.60b (up 11% from 2Q 2024). Net income: ₹701.0m (up 24% from 2Q 2024). Profit margin: 11% (up from 9.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Ankündigung • Oct 21
Styrenix Performance Materials Limited to Report Q2, 2025 Results on Oct 28, 2024 Styrenix Performance Materials Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Buy Or Sell Opportunity • Oct 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to ₹2,483. The fair value is estimated to be ₹2,069, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 36%. Buy Or Sell Opportunity • Sep 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₹2,538. The fair value is estimated to be ₹2,083, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 36%. Buy Or Sell Opportunity • Aug 16
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to ₹2,551. The fair value is estimated to be ₹2,082, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has declined by 36%. Declared Dividend • Aug 02
Dividend of ₹28.00 announced Shareholders will receive a dividend of ₹28.00. Ex-date: 12th August 2024 Payment date: 20th September 2024 Dividend yield will be 3.7%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 38% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control, which is less than the 25% EPS growth achieved over the last 5 years. Ankündigung • Jul 22
Styrenix Performance Materials Limited, Annual General Meeting, Aug 21, 2024 Styrenix Performance Materials Limited, Annual General Meeting, Aug 21, 2024, at 11:30 Indian Standard Time. Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: ₹34.80 (vs ₹18.45 in 1Q 2024) First quarter 2025 results: EPS: ₹34.80 (up from ₹18.45 in 1Q 2024). Revenue: ₹6.99b (up 28% from 1Q 2024). Net income: ₹612.0m (up 89% from 1Q 2024). Profit margin: 8.8% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Ankündigung • Jul 05
Styrenix Performance Materials Limited to Report Q1, 2025 Results on Jul 15, 2024 Styrenix Performance Materials Limited announced that they will report Q1, 2025 results on Jul 15, 2024 Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,290, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 35x in the Chemicals industry in India. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹2,007, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 102% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,860, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 100% over the past three years. Reported Earnings • May 07
Full year 2024 earnings released: EPS: ₹98.47 (vs ₹104 in FY 2023) Full year 2024 results: EPS: ₹98.47 (down from ₹104 in FY 2023). Revenue: ₹22.3b (down 5.9% from FY 2023). Net income: ₹1.73b (down 5.4% from FY 2023). Profit margin: 7.8% (up from 7.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Ankündigung • May 06
Styrenix Performance Materials Limited Recommends Dividend for the Financial Year Ended on March 31, 2024 Styrenix Performance Materials Limited announced that at the board meeting held on May 6, 2024, the company has recommended a dividend of INR 28.00/- per equity share of INR 10/- each (280 %) for the financial year ended on March 31, 2024, subject to approval of members at the up coming Annual General Meeting (AGM). Reported Earnings • Feb 06
Third quarter 2024 earnings released: EPS: ₹19.87 (vs ₹17.17 in 3Q 2023) Third quarter 2024 results: EPS: ₹19.87 (up from ₹17.17 in 3Q 2023). Revenue: ₹4.85b (down 13% from 3Q 2023). Net income: ₹349.4m (up 16% from 3Q 2023). Profit margin: 7.2% (up from 5.4% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Ankündigung • Jan 24
Styrenix Performance Materials Limited to Report Q3, 2024 Results on Feb 03, 2024 Styrenix Performance Materials Limited announced that they will report Q3, 2024 results on Feb 03, 2024 Ankündigung • Dec 22
Styrenix Performance Materials Limited Announces Appointment of Chintan Doshi as Company Secretary and Compliance Officer Styrenix Performance Materials Limited announced that at the meeting of the Board of Directors of the Company held on December 22, 2023 considered pursuant to the recommendation of the Nomination & Remuneration Committee, the Board of Directors have approved the appointment of Mr. Chintan Doshi as the Company Secretary & Compliance Officer and Key Managerial Personnel (KMP) of the Company with effect from December 22, 2023. Brief profile: Mr. Chintan Doshi has cumulative experience of more than 11 years in Secretarial & Legal compliances, Insurance, Banking and State Government approvals for new project development in Public Listed Companies. He has an academic background CS, LL.B., B.Com. Upcoming Dividend • Oct 24
Upcoming dividend of ₹22.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 19 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.8%). Reported Earnings • Oct 23
Second quarter 2024 earnings released: EPS: ₹32.08 (vs ₹13.42 in 2Q 2023) Second quarter 2024 results: EPS: ₹32.08 (up from ₹13.42 in 2Q 2023). Revenue: ₹5.95b (up 8.2% from 2Q 2023). Net income: ₹564.2m (up 139% from 2Q 2023). Profit margin: 9.5% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹1,257, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 27x in the Chemicals industry in India. Total returns to shareholders of 245% over the past three years. Ankündigung • Oct 14
Styrenix Performance Materials Limited to Report Q2, 2024 Results on Oct 20, 2023 Styrenix Performance Materials Limited announced that they will report Q2, 2024 results on Oct 20, 2023 Ankündigung • Aug 11
Styrenix Performance Materials Limited Announces Resignation of Sanjeev Madan as Chief Financial Officer Styrenix Performance Materials Limited informed that, Mr. Sanjeev Madan has resigned as the Chief Financial Officer and KMP of the Company, to explore professional opportunities outside the Company. His last working day as the CFO and KMP of the Company would be September 19, 2023. Ankündigung • Aug 01
Styrenix Performance Materials Limited to Report Q1, 2024 Results on Aug 10, 2023 Styrenix Performance Materials Limited announced that they will report Q1, 2024 results on Aug 10, 2023 Upcoming Dividend • Jul 26
Upcoming dividend of ₹24.00 per share at 8.8% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 09 September 2023. Payout ratio is on the higher end at 100%, however this is supported by cash flows. Trailing yield: 8.8%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.9%). Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: ₹104 (vs ₹183 in FY 2022) Full year 2023 results: EPS: ₹104 (down from ₹183 in FY 2022). Revenue: ₹23.7b (up 8.9% from FY 2022). Net income: ₹1.83b (down 43% from FY 2022). Profit margin: 7.7% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 01
Styrenix Performance Materials Limited, Annual General Meeting, Aug 10, 2023 Styrenix Performance Materials Limited, Annual General Meeting, Aug 10, 2023, at 15:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,012, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 21x in the Chemicals industry in India. Total returns to shareholders of 120% over the past three years. Reported Earnings • May 31
Full year 2023 earnings released: EPS: ₹104 (vs ₹183 in FY 2022) Full year 2023 results: EPS: ₹104 (down from ₹183 in FY 2022). Revenue: ₹23.9b (up 9.6% from FY 2022). Net income: ₹1.83b (down 43% from FY 2022). Profit margin: 7.7% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • May 27
Styrenix Performance Materials Limited Announces Company Secretary / Compliance Officer Changes At its board meeting held on May 26, 2023, Styrenix Performance Materials Limited has designated the Company Secretary, Mr. Abhijaat Sinha, as the Compliance Officer, in terms of Regulation 6 of the Listing Regulations, in place of Ms. Amita Mistry, who has resigned and is currently serving her Notice Period. Ankündigung • May 17
Styrenix Performance Materials Limited to Report Q4, 2023 Results on May 26, 2023 Styrenix Performance Materials Limited announced that they will report Q4, 2023 results on May 26, 2023 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹719, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 19x in the Chemicals industry in India. Total returns to shareholders of 89% over the past three years. Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: ₹17.17 (vs ₹26.97 in 3Q 2022) Third quarter 2023 results: EPS: ₹17.17 (down from ₹26.97 in 3Q 2022). Revenue: ₹5.60b (up 9.3% from 3Q 2022). Net income: ₹301.9m (down 36% from 3Q 2022). Profit margin: 5.4% (down from 9.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Feb 04
Styrenix Performance Materials Limited to Report Q3, 2023 Results on Feb 13, 2023 Styrenix Performance Materials Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 20
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Executive Non-Independent Chairman Rob Buntinx is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 19
INEOS Styrolution India Limited Announces Changes in Directorate INEOS Styrolution India Limited announced the Appointment of Mr. Ravishankar Kompalli as an Additional and Whole-time Director on the Board of the Company. K. Ravishankar has over 45 years' experience in manufacturing of Styrenic polymers i.e. ABS, SAN, PS and Styrene Acrylics and managed multiple chemical plant sites involving highly hazardous process. He graduated in Chemical engineering from Andhra University in 1977 and started his career in Polystyrene Plant of Polychem ltd. During his more than four decades of working in polymer industry he has worked in companies with UB group, Bayer ABS Ltd, Sumitomo(Indonesia), INEOS Styrolution and Shiva Performance Materials Ltd. Till recently he was with Supreme Petrochem Ltd. as consultant for their upcoming mass ABS project. Technology is his core strength and had hands on experience with JSR, Bayer, Sumitomo, Monsanto and BASF processes in Styrenic polymers. He has co-patented High Rubber Graft ABS powder technology for INEOS Styrolution presently in operation at Nandesari Plant, Gujarat. He also holds safety management diploma from Central Labour Institute, Mumbai of Govt of India and is well versed in advanced process safety concepts. Appointment of Mr. Milin Mehta as an Additional Director (Independent) on the Board of the Company. Milin Mehta leads the practice of the firm K. C. Mehta & Co. for over three decades. Under his leadership, he has steered the firm to expand in its scope of services and geographic presence. He has been instrumental in instilling the spirit of high ethical standards in the firm and quality drive growth. Besides being a Chartered Accountant, he is also a Law Graduate. His multi-faceted and meritorious academics and experience gives him opportunity to serve clients in the areas ranging from accounting to tax, valuations to strategies and governance to law. Milin has earlier led the tax practice of the firm and was responsible in setting up the international tax and transfer pricing practice. Milin presently focuses on the Transaction Advisory Services of the firm, while also providing technical leadership to the Tax practice. Milin's ability to articulate a point and his fair approach has enabled him to negotiate very complex cases. He cherishes arguing in complex tax litigation and has to his credit several reported decisions, some of which are path breaking. He was invited by the Finance Ministry, Government of India, through CBDT to be member of the committee appointed for formulation of ICDS as well as MAT Computation under Ind-AS scenario. Due to his active participation in the activities of the Institute of Chartered Accountants of India and contribution in the seminars and conferences throughout the country, Milin has developed an excellent network amongst the professionals. He serves as Independent /non-executive Director in various listed and unlisted companies and chairs their audit committees. He is a prolific speaker and has presented papers and delivered talks in seminars at national level. Appointment of Mr. Prem Kumar Taneja as an Additional Director on the Board of the Company. Mr. Premkumar Taneja has more than four (4) decades of rich and varied experience in the field of Governance, Administration and Business Management. He was Additional Chief Secretary (ACS) Industries & Mines Department, Home Department, Forest & Environment Department and at several other senior administrative positions with Govt. of Gujarat and also Director with Govt. of India. He has also led many Govt. of Gujarat promoted companies as Chairman /Managing Director /Director for more than a decade. Some of them are - GSFC, GACL, GSECL, GIPCL, GNFC, GUVNL and erstwhile BECL. As a Chairman/Managing Director/Director, he has gained rich experience in all facets of Business Management. He was instrumental in turning around GACL and the erstwhile GEB, which was unbundled into seven State owned corporations. He was also awarded "Outstanding Manager of the Year Award" by Ahmedabad Management Association (AMA) in 2005 as MD, GACL. Further, other business enterprises were also bestowed with awards instituted by Govt. of India and other reputed organizations when he was heading these Govt. promoted companies. Ankündigung • Nov 17
INEOS Styrolution India Limited Announces Resignation of Sanjeev Madan as Whole Time Director INEOS Styrolution India Limited announced the resignation of Sanjeev Madan as whole time director. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, MD & Executive Director Sanjiv Vasudeva is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 03
INEOS Styrolution India Limited to Report Q2, 2023 Results on Nov 11, 2022 INEOS Styrolution India Limited announced that they will report Q2, 2023 results on Nov 11, 2022 Board Change • Aug 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. CEO, MD & Executive Director Sanjiv Vasudeva is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Aug 13
INEOS Styrolution India Limited Announces Retirement of Anil Shankar as Independent Director & Reconstitution of Board Committees INEOS Styrolution India Limited at its board meeting held on August 9, 2022, announced in accordance with the provisions of Section 149(11) of the Companies Act, 2013, the second consecutive term of Anil Shankar as an Independent Director expired on August 11, 2022 and accordingly, he has ceased to be Independent Director on the Board with effect from August 11, 2022. Subsequent to the aforesaid change in the Board of Directors, the composition of various Committees of the Board has changed as under: Audit Committee: Vinesh Sadekar, Chairperson, Independent Director and Sandra Martyres, Member, Independent Director. Stakeholders' Relationship and Governance Committee: Sandra Martyres, Chairperson, Independent Director; Robbie Alphons Maria Buntinx, Member, Non-Executive Director; and Sanjiv Vasudeva, Member, Executive Director. Nomination and Remuneration Committee: Vinesh Sadekar, Chairperson, Independent Director; Robbie Alphons Maria Buntinx, Member, Non-Executive Director; and Sandra Martyres, Member, Independent Director. Corporate Social Responsibility Committee: Sandra Martyres, Chairperson, Independent Director; Vinesh Sadekar, Member, Independent Director; and Sanjiv Vasudeva, Member, Executive Director. Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: ₹49.35 (vs ₹46.92 in 1Q 2022) First quarter 2023 results: EPS: ₹49.35 (up from ₹46.92 in 1Q 2022). Revenue: ₹6.56b (up 44% from 1Q 2022). Net income: ₹867.9m (flat on 1Q 2022). Profit margin: 13% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 03
INEOS Styrolution India Limited to Report Q1, 2023 Results on Aug 09, 2022 INEOS Styrolution India Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 09, 2022 Reported Earnings • Jul 12
Full year 2022 earnings released: EPS: ₹183 (vs ₹159 in FY 2021) Full year 2022 results: EPS: ₹183 (up from ₹159 in FY 2021). Revenue: ₹21.8b (up 34% from FY 2021). Net income: ₹3.23b (up 15% from FY 2021). Profit margin: 15% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Ankündigung • Jul 09
INEOS Styrolution India Limited, Annual General Meeting, Aug 10, 2022 INEOS Styrolution India Limited, Annual General Meeting, Aug 10, 2022, at 11:30 Indian Standard Time. Location: 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara - 390 023 Vadodara Gujarat India Agenda: To consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2022, including the Balance Sheet as at March 31, 2022, the statement of Profit and Loss for the year ended on that date along with the reports of the Board of Directors and of Auditors thereon; to consider confirm the payment of interim dividends on equity shares as final dividend for the financial year ended March 31, 2022; to consider appoint a director in place of Mr. Robbie Alphons Maria Buntinx, who retires by rotation, and being eligible, offers himself for re-appointment as a Director liable to retire by rotation; to consider appoint Ms. Sandra Martyres as an Independent Director; and to consider other matters. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 21% share price gain to ₹924, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 17x in the Chemicals industry in India. Total returns to shareholders of 117% over the past three years. Upcoming Dividend • May 30
Upcoming dividend of ₹105 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 18 June 2022. Payout ratio is a comfortable 57% but the company is paying out more than the cash it is generating. Trailing yield: 12%. Within top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.8%). Ankündigung • May 27
INEOS Styrolution India Limited Declares Second Interim Dividend for the Fiscal Year 2021-2022 INEOS Styrolution India Limited announced that the board has considered and declared Second Interim Dividend of INR 105 (i.e. 1050%) per equity share of INR 10 each for the Fiscal Year 2021-2022. The record date for the purpose of determining the members eligible to receive the second interim dividend is fixed as June 7, 2022. Ankündigung • May 18
INEOS Styrolution India Limited Announces Board Changes INEOS Styrolution India Limited Announced the board of directors at their meeting held on April 13, 2022 that Ms. Ryna Karani as an independent director expired on May 15, 2022 and accordingly, she has ceased to be independent director of the board with effect from may 15, 2022. Due to vacancy caused by completion of term of Ms. Ryna as an independent women director, Ms Sandra Martyres is an additional director and independent director with effect from may 16, 2022, in place of Ms. Ryna. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorated over the past week After last week's 22% share price decline to ₹863, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 83% over the past three years. Ankündigung • Apr 14
Ineos Styrolution India Appoints Ms. Sandra Martyres as an Additional Director INEOS Styrolution India Limited, at its board meeting held on April 13, 2022, approved the appointment of Ms. Sandra Martyres as an Additional Director and Independent Woman director of the company. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹26.97 (down from ₹58.57 in 3Q 2021). Revenue: ₹5.14b (up 5.1% from 3Q 2021). Net income: ₹474.2m (down 54% from 3Q 2021). Profit margin: 9.2% (down from 21% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹1,115, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 155% over the past three years. Ankündigung • Jan 30
INEOS Styrolution India Limited to Report Q3, 2022 Results on Feb 09, 2022 INEOS Styrolution India Limited announced that they will report Q3, 2022 results on Feb 09, 2022 Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS ₹51.19 (vs ₹20.38 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹5.95b (up 49% from 2Q 2021). Net income: ₹900.3m (up 151% from 2Q 2021). Profit margin: 15% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 18% share price gain to ₹1,831, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 20x in the Chemicals industry in India. Total returns to shareholders of 172% over the past three years. Price Target Changed • Aug 16
Price target increased to ₹1,540 Up from ₹1,400, the current price target is provided by 1 analyst. New target price is 12% above last closing price of ₹1,380. Stock is up 173% over the past year. Reported Earnings • Aug 16
First quarter 2022 earnings released: EPS ₹48.92 (vs ₹11.39 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹4.59b (up 294% from 1Q 2021). Net income: ₹860.3m (up ₹1.06b from 1Q 2021). Profit margin: 19% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 28
INEOS Styrolution India Limited to Report Q2, 2021 Results on Nov 10, 2020 INEOS Styrolution India Limited announced that they will report Q2, 2021 results on Nov 10, 2020 
