Styrenix Performance Materials（506222）株式概要Styrenix Performance Materials Limited はインドでエンジニアリング熱可塑性プラスチックの製造、取引、販売を行っている。 詳細506222 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績4/6財務の健全性5/6配当金4/6報酬株価収益率（ 14.7 x） Indian市場（ 23.4 x）を下回っています。収益は年間12.48%増加すると予測されています 過去1年間で収益は19.2%増加しました リスク分析今後3年間の収益は年平均11.2%減少すると予測されている。 2.04%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る506222 Community Fair Values Create NarrativeSee what 7 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN21.2% undervaluedAnalystConsensusTarget•7mo agoABS Capacity Expansion And Global Reach Will Drive Strong Long-Term Performance601Top Analyst NarrativesStyrenix Performance MaterialsANAnalystConsensusTargetBased on Analyst Price TargetsABS Capacity Expansion And Global Reach Will Drive Strong Long-Term PerformanceCatalysts About Styrenix Performance Materials Styrenix Performance Materials manufactures ABS and polystyrene based performance plastics used in automotive, appliances and other consumer applications. What are the underlying business or industry changes driving this perspective?View narrative₹2.86kFV21.2% 割安 内在価値ディスカウント13.35%Revenue growth p.a.Set Fair ValueView6users have viewed this narrative0users have liked this narrative0users have commented on this narrative1users have followed this narrative8 months ago author updated this narrativeView all narrativesStyrenix Performance Materials Limited 競合他社Responsive IndustriesSymbol: BSE:505509Market cap: ₹46.0bEpigralSymbol: NSEI:EPIGRALMarket cap: ₹47.3bVishnu ChemicalsSymbol: BSE:516072Market cap: ₹40.0bSavita Oil TechnologiesSymbol: NSEI:SOTLMarket cap: ₹53.6b価格と性能株価の高値、安値、推移の概要Styrenix Performance Materials過去の株価現在の株価₹2,256.6052週高値₹2,822.3552週安値₹1,773.00ベータ0.441ヶ月の変化2.31%3ヶ月変化-3.15%1年変化-18.54%3年間の変化119.17%5年間の変化59.26%IPOからの変化2,991.23%最新ニュースDeclared Dividend • Aug 06Dividend of ₹23.00 announcedShareholders 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.お知らせ • Aug 05Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026, at 11:30 Indian Standard Time.Reported Earnings • Aug 05First 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.お知らせ • Jul 28Styrenix Performance Materials Limited to Report Q1, 2027 Results on Aug 04, 2026Styrenix Performance Materials Limited announced that they will report Q1, 2027 results on Aug 04, 2026Reported Earnings • May 17Full 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.お知らせ • May 08Styrenix Performance Materials Limited to Report Q4, 2026 Results on May 16, 2026Styrenix Performance Materials Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 16, 2026最新情報をもっと見るRecent updatesDeclared Dividend • Aug 06Dividend of ₹23.00 announcedShareholders 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.お知らせ • Aug 05Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026, at 11:30 Indian Standard Time.Reported Earnings • Aug 05First 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.お知らせ • Jul 28Styrenix Performance Materials Limited to Report Q1, 2027 Results on Aug 04, 2026Styrenix Performance Materials Limited announced that they will report Q1, 2027 results on Aug 04, 2026Reported Earnings • May 17Full 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.お知らせ • May 08Styrenix Performance Materials Limited to Report Q4, 2026 Results on May 16, 2026Styrenix Performance Materials Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 16, 2026Board Change • Feb 01Insufficient new directorsNo 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 31New major risk - Financial positionThe 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 30Third 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 29Now 21% overvaluedOver 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.お知らせ • Jan 22Styrenix Performance Materials Limited to Report Q3, 2026 Results on Jan 29, 2026Styrenix Performance Materials Limited announced that they will report Q3, 2026 results on Jan 29, 2026Buy Or Sell Opportunity • Jan 12Now 22% overvaluedOver 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 14New minor risk - Profit margin trendThe 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 14Second 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.お知らせ • Nov 05Styrenix Performance Materials Limited to Report Q2, 2026 Results on Nov 12, 2025Styrenix Performance Materials Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025Declared Dividend • Aug 15Dividend of ₹31.00 announcedShareholders 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 09Full 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.お知らせ • Aug 09Styrenix Performance Materials Limited to Report Q1, 2026 Results on Aug 13, 2025Styrenix Performance Materials Limited announced that they will report Q1, 2026 results on Aug 13, 2025お知らせ • Aug 06Styrenix Performance Materials Limited, Annual General Meeting, Aug 29, 2025Styrenix Performance Materials Limited, Annual General Meeting, Aug 29, 2025, at 11:30 Indian Standard Time.Reported Earnings • May 26Full 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.お知らせ • May 17Styrenix Performance Materials Limited to Report Q4, 2025 Results on May 24, 2025Styrenix Performance Materials Limited announced that they will report Q4, 2025 results at 12:15 PM, Indian Standard Time on May 24, 2025Valuation Update With 7 Day Price Move • Mar 10Investor 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 31Third 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.お知らせ • Jan 24Styrenix Performance Materials Limited to Report Q3, 2025 Results on Jan 30, 2025Styrenix Performance Materials Limited announced that they will report Q3, 2025 results on Jan 30, 2025Valuation Update With 7 Day Price Move • Dec 10Investor 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.お知らせ • Dec 09Styrenix Performance Materials Limited Declares Interim Dividend for Fiscal Year 2024-25Styrenix 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 29Second 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.お知らせ • Oct 21Styrenix Performance Materials Limited to Report Q2, 2025 Results on Oct 28, 2024Styrenix Performance Materials Limited announced that they will report Q2, 2025 results on Oct 28, 2024Buy Or Sell Opportunity • Oct 10Now 20% overvalued after recent price riseOver 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 23Now 22% overvalued after recent price riseOver 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 16Now 23% overvalued after recent price riseOver 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 02Dividend of ₹28.00 announcedShareholders 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.お知らせ • Jul 22Styrenix Performance Materials Limited, Annual General Meeting, Aug 21, 2024Styrenix Performance Materials Limited, Annual General Meeting, Aug 21, 2024, at 11:30 Indian Standard Time.Reported Earnings • Jul 16First 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.お知らせ • Jul 05Styrenix Performance Materials Limited to Report Q1, 2025 Results on Jul 15, 2024Styrenix Performance Materials Limited announced that they will report Q1, 2025 results on Jul 15, 2024Valuation Update With 7 Day Price Move • Jul 04Investor 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 11Investor 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 16Investor 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 07Full 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.お知らせ • May 06Styrenix Performance Materials Limited Recommends Dividend for the Financial Year Ended on March 31, 2024Styrenix 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 06Third 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.お知らせ • Jan 24Styrenix Performance Materials Limited to Report Q3, 2024 Results on Feb 03, 2024Styrenix Performance Materials Limited announced that they will report Q3, 2024 results on Feb 03, 2024お知らせ • Dec 22Styrenix Performance Materials Limited Announces Appointment of Chintan Doshi as Company Secretary and Compliance OfficerStyrenix 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.お知らせ • Nov 10+ 1 more updateStyrenix Performance Materials Limited Appoints Bhupesh P. Porwal as Chief Financial OfficerStyrenix Performance Materials Limited announced the appointment of Mr. Bhupesh P. Porwal as Chief Financial Officer (`CFO') and Key Managerial Personnel of the Company. Appointment effective November 10, 2023.Mr. Bhupesh P. Porwal has cumulative experience of more than 25 years in Petrochemicals, Glass, Packaging, Refrigeration, Engineering, etc. in driving CFO & COO engagements. He comes from Ankur Scientific Energy Technologies Pvt. Ltd. where he was the COO & CFO in the immediate past. Earlier he has been Group CFO for AIA Engineering Ltd. Ahmedabad, Whole Time Director & CFO for INEOS Styrolution India Ltd. and has worked with Piramal Glass Ltd. & Blue Star Ltd.Upcoming Dividend • Oct 24Upcoming dividend of ₹22.00 per share at 3.2% yieldEligible 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 23Second 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 18Investor 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.お知らせ • Oct 14Styrenix Performance Materials Limited to Report Q2, 2024 Results on Oct 20, 2023Styrenix Performance Materials Limited announced that they will report Q2, 2024 results on Oct 20, 2023お知らせ • Aug 11Styrenix Performance Materials Limited Announces Resignation of Sanjeev Madan as Chief Financial OfficerStyrenix 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.お知らせ • Aug 01Styrenix Performance Materials Limited to Report Q1, 2024 Results on Aug 10, 2023Styrenix Performance Materials Limited announced that they will report Q1, 2024 results on Aug 10, 2023Upcoming Dividend • Jul 26Upcoming dividend of ₹24.00 per share at 8.8% yieldEligible 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 15Full 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.お知らせ • Jul 01Styrenix Performance Materials Limited, Annual General Meeting, Aug 10, 2023Styrenix Performance Materials Limited, Annual General Meeting, Aug 10, 2023, at 15:00 Indian Standard Time.Valuation Update With 7 Day Price Move • Jun 06Investor 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 31Full 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.お知らせ • May 27Styrenix Performance Materials Limited Announces Company Secretary / Compliance Officer ChangesAt 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.お知らせ • May 17Styrenix Performance Materials Limited to Report Q4, 2023 Results on May 26, 2023Styrenix Performance Materials Limited announced that they will report Q4, 2023 results on May 26, 2023Valuation Update With 7 Day Price Move • Mar 27Investor 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 14Third 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.お知らせ • Feb 04Styrenix Performance Materials Limited to Report Q3, 2023 Results on Feb 13, 2023Styrenix Performance Materials Limited announced that they will report Q3, 2023 results on Feb 13, 2023Board Change • Nov 20High number of new and inexperienced directorsThere 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.お知らせ • Nov 19INEOS Styrolution India Limited Announces Changes in DirectorateINEOS 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.お知らせ • Nov 18+ 1 more updateINEOS Styrolution India Limited Announces Changes in DirectoratePursuant to the completion of the transactions contemplated in the share purchase agreement dated August 1, 2022 entered into between Shiva Performance Materials Private Limited ("Purchaser") and INEOS Styrolution APAC Pte Ltd. ("SPA"), the board of directors ("Board") of INEOS Styrolution India Limited (the "Company") at its meeting held on November 17, 2022, took note of the acquisition of 10,761,178 equity shares of the Company by the Purchaser under the SPA on November 17, 2022 and noted that the Purchaser: (i) is in sole control of the Company; and (ii) is the promoter of the Company in accordance with applicable law, with effect from November 17, 2022. The Board, based on recommendation of the Nomination and Remuneration Committee of the Company, considered and approved the appointment of Mr. Rakesh S. Agrawal, Chairman, Executive Non-independent director, Mr. Rahul R. Agrawal, Executive Director and Managing Director, Mr. Vishal R. Agrawal, Executive Director and Joint Managing Director, Mr. Ravishankar Kompalli, Whole Time Director, Mr. Milin Mehta, Non-executive Director and Independent Director, Mr. Prem Kumar Taneja, Non-executive Director and Independent Director as Additional Directors on the Board, effective from November 17, 2022. The Board also approved the appointment of Mr. Rakesh Agrawal (DIN: 00057955), Executive Non-independent director as the Chairman of the Board with effect from November 17, 2022. The Board considered and accepted the resignation of (a) Mr. Robbie Alphons Maria Buntinx (DIN: 08830690) from directorship as Non-Executive and Non-Independent Director with effect from November 17, 2022; (b) Mr. Vinesh Sadekar (DIN: 00046815) from directorship as Non-Executive and Independent Director with effect from November 17, 2022; (c) Ms. Sandra Martyres (DIN: 00798406) from directorship as Non-Executive and Independent Director with effect from November 17, 2022; (d) Mr. Sanjiv Vasudeva (DIN: 06570945) from directorship as Managing Director with effect from November 17, 2022 and (e) Mr. Sanjeev Madan (DIN: 07533471) from directorship as Whole-time Director with effect from November 16, 2022. Accordingly, these directors have ceased to be members of the committees of the Company. The Board has also considered and accepted the resignation of Mr. Robbie Alphons Maria Buntinx (DIN: 08830690) as Chairman of the Board with effect from November 17, 2022. Rakesh S. Agrawal is the Chairman of Shiva Group of Companies promoted by the family, having business interests in Acid Chlorides, Alkyl Chlorides, Polymers, Engineering Services, Trading etc and having manufacturing facilities in India and Europe. He is a Post Graduate (Master of Engineering Chem) from Stevens Institute of Technology, New Jersey. A first-generation entrepreneur, Mr. Agrawal introduced Engineering Thermoplastics in India by setting up ABS Plastics Ltd, the first plant in the country to manufacture ABS and SAN resins and pioneered the market for these products in India. During his reign as Managing Director from 1973 to 2012, the Company had grown from 2000 TPA to 100,000 TPA in terms of ABS/SAN manufacturing capacity and Rs. 110 Mio to more than Rs. 11,000 Mio in terms of turnover. Mr. Agrawal plays a major role in various Industries Associations and he is currently a Managing Committee Member of Federation of Gujarat Industries, where he also served as President for 2 years. He has also served as an Executive Committee Member of FICCI for several years. He is also involved with various educational, social and charitable activities and he is a Trustee of United Way of Baroda where he also served as Chairman. He is also on the Board of Governors of GSFC University and had served as Senate Member of the MS University of Baroda for 4 years. A connoisseur of contemporary Indian Art, he has created an Art Centre for the promotion of art and culture and possesses a large collection of various forms of visual art both - contemporary and primary. He holds a bachelor's degree of technology in chemical engineering from Nagpur University and a masters' degree in chemical engineering from Stevens Institute of Technology. He has more than 49 years of experience in Chemicals and Manufacturing industry. Rahul Rakesh Agrawal is the Director and Promoter of Shiva Pharmachem Limited, company situated in Vadodara, Gujarat. Shiva Pharmachem Limited is a global supplier and one of the leading manufacturers of multi-functional intermediates in pharmaceuticals and agrochemicals and performance chemicals, and has three manufacturing sites and exports various products globally. He holds a bachelor's degree of science in chemical engineering from the University of Michigan, Ann Arbor and a masters' degree in Business Administration from Harvard Business School, Harvard University. He has an experience in the field of Chemical Manufacturing Industry for almost 23 years. He has also promoted Shiva Performance Materials Pvt. Ltd., a Company situated in Vadodara, Gujarat, which is actively engaged in producing specialty polymers such as acrylic resins used in ink, coating, semi conductor and optical fibre industry. Shiva Performance Materials is one of the largest suppliers globally in the graphic arts and toner industries and provides a clean alternative to hazardous solvent based chemistries used in packaging industry. He has also been an active member of the chemical engineering honor society Omega Chi Epsilon. Vishal Rakesh Agrawal is the Managing Director and Promoter of Shiva Pharmachem Limited, a company situated in Vadodara, Gujarat. Shiva Pharmachem Limited is a global supplier and one of the leading manufacturers of multi-functional intermediates in pharmaceuticals and agrochemicals and performance chemicals and has three manufacturing sites and exports various products globally. He holds a bachelor's degree in chemical engineering and a masters' degree in Information Management from Stevens Institute of Technology. He has an experience in the field of Chemical Manufacturing Industry for over 23 years. Post qualifications he started Shiva Pharmachem Limited, with a focus on chlorination chemistry, which now is a multiproduct company practicing multiple chemistries. He also acquired a chemical company in Europe in 2015, which manufactures speciality chemicals, and is now a part of Shiva Pharmachem Ltd.お知らせ • Nov 17INEOS Styrolution India Limited Announces Resignation of Sanjeev Madan as Whole Time DirectorINEOS Styrolution India Limited announced the resignation of Sanjeev Madan as whole time director.Board Change • Nov 16High number of new and inexperienced directorsThere 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.お知らせ • Nov 03INEOS Styrolution India Limited to Report Q2, 2023 Results on Nov 11, 2022INEOS Styrolution India Limited announced that they will report Q2, 2023 results on Nov 11, 2022Board Change • Aug 16High number of new and inexperienced directorsThere 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.お知らせ • Aug 13INEOS Styrolution India Limited Announces Retirement of Anil Shankar as Independent Director & Reconstitution of Board CommitteesINEOS 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 10First 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.お知らせ • Aug 03INEOS Styrolution India Limited to Report Q1, 2023 Results on Aug 09, 2022INEOS Styrolution India Limited announced that they will report Q1, 2023 results at 12:15 PM, Indian Standard Time on Aug 09, 2022Reported Earnings • Jul 12Full 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.お知らせ • Jul 09INEOS Styrolution India Limited, Annual General Meeting, Aug 10, 2022INEOS 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 02Investor sentiment improved over the past weekAfter 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 30Upcoming dividend of ₹105 per shareEligible 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%).お知らせ • May 27INEOS Styrolution India Limited Declares Second Interim Dividend for the Fiscal Year 2021-2022INEOS 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.お知らせ • May 18INEOS Styrolution India Limited Announces Board ChangesINEOS 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 19Investor sentiment deteriorated over the past weekAfter 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.お知らせ • Apr 14Ineos Styrolution India Appoints Ms. Sandra Martyres as an Additional DirectorINEOS 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 10Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird 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 10Investor sentiment deteriorated over the past weekAfter 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.お知らせ • Jan 30INEOS Styrolution India Limited to Report Q3, 2022 Results on Feb 09, 2022INEOS Styrolution India Limited announced that they will report Q3, 2022 results on Feb 09, 2022Reported Earnings • Nov 13Second 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 18Investor sentiment improved over the past weekAfter 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 16Price target increased to ₹1,540Up 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 16First 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.お知らせ • Dec 31+ 1 more updateINEOS Styrolution India Limited Approves Change in DirectorateINEOS Styrolution India Limited at its board meeting held on December 30, 2020, approved the completion of term of Mr. Jal Patel as an Independent Director of the Company. Also Due to the vacancy caused by completion of term of appointment of Mr. Jal Patel as an Independent Director, the Board has appointed Mr. Vinesh Sadekar as an Additional Director and Independent Director with effect from January 01, 2021. Also approved resignation of Mr. Nitankumar Duggal as the Whole-time Director of the Company with effect from January 01, 2021 and appointment of Mr. Sanjeev Madan as an Additional Director and Whole-time Director of the Company for the period of 3 years with effect from January 01, 2021. Mr. Sanjeev Madan is the Chief Financial Officer of the Company and will continue in that role as well.お知らせ • Oct 28INEOS Styrolution India Limited to Report Q2, 2021 Results on Nov 10, 2020INEOS Styrolution India Limited announced that they will report Q2, 2021 results on Nov 10, 2020株主還元506222IN ChemicalsIN 市場7D-9.0%2.7%1.9%1Y-18.5%0.6%4.8%株主還元を見る業界別リターン: 506222過去 1 年間で0.6 % の収益を上げたIndian Chemicals業界を下回りました。リターン対市場: 506222は、過去 1 年間で4.8 % のリターンを上げたIndian市場を下回りました。価格変動Is 506222's price volatile compared to industry and market?506222 volatility506222 Average Weekly Movement4.7%Chemicals Industry Average Movement6.0%Market Average Movement6.0%10% most volatile stocks in IN Market9.0%10% least volatile stocks in IN Market3.7%安定した株価: 506222 、 Indian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 506222の 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1973473Rahul Agrawalwww.styrenix.comStyrenix Performance Materials Limited はインドでエンジニアリング熱可塑性プラスチックの製造、取引、販売を行っている。同社の製品には、家電製品、自動車内装・外装、耐久消費財、事務機器の製造に使用されるプラスチック樹脂「Absolac」や、主に文房具、化粧品包装、工業製品、電化製品、化粧品瓶、家庭用用途に使用される「Absolan」などがある。また、透明ポリマーである汎用ポリスチレンも提供しており、これはTVの光拡散板、XPS断熱板、冷蔵庫の引き出し、医療用実験器具、PSPや使い捨て包装、CDの宝石箱、洋服ハンガーなどに使用されている；自動車外装、内装、家庭用および電子機器用途に使用されるブレンド製品であるスチロイ、自動車外装および内装用途に使用されるポリマーであるアサラック。旧社名はINEOS Styrolution India Limitedで、2023年1月に社名をStyrenix Performance Materials Limitedに変更した。Styrenix Performance Materials Limitedは1973年に設立され、インドのバドダラに本社を置いている。Styrenix Performance Materials Limited は Shiva Performance Materials Private Limited の子会社として運営されている。もっと見るStyrenix Performance Materials Limited 基礎のまとめStyrenix Performance Materials の収益と売上を時価総額と比較するとどうか。506222 基礎統計学時価総額₹39.68b収益（TTM）₹2.69b売上高(TTM)₹35.05b14.7xPER（株価収益率1.1xP/Sレシオ506222 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計506222 損益計算書（TTM）収益₹35.05b売上原価₹24.55b売上総利益₹10.50bその他の費用₹7.81b収益₹2.69b直近の収益報告Jun 30, 2026次回決算日該当なし一株当たり利益（EPS）153.10グロス・マージン29.95%純利益率7.68%有利子負債／自己資本比率40.1%506222 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.0%現在の配当利回り30%配当性向506222 配当は確実ですか？506222 配当履歴とベンチマークを見る506222 、いつまでに購入すれば配当金を受け取れますか？Styrenix Performance Materials 配当日配当落ち日Aug 10 2026配当支払日Sep 03 2029配当落ちまでの日数2 days配当支払日までの日数1122 days506222 配当は確実ですか？506222 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/07 20:54終値2026/08/07 00:00収益2026/06/30年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Styrenix Performance Materials Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関null nullCNI Infoxchange LtdHarini V.FirstCall ResearchPankaj PandeyICICIdirect.com2 その他のアナリストを表示
Declared Dividend • Aug 06Dividend of ₹23.00 announcedShareholders 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.
お知らせ • Aug 05Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026, at 11:30 Indian Standard Time.
Reported Earnings • Aug 05First 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.
お知らせ • Jul 28Styrenix Performance Materials Limited to Report Q1, 2027 Results on Aug 04, 2026Styrenix Performance Materials Limited announced that they will report Q1, 2027 results on Aug 04, 2026
Reported Earnings • May 17Full 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.
お知らせ • May 08Styrenix Performance Materials Limited to Report Q4, 2026 Results on May 16, 2026Styrenix Performance Materials Limited announced that they will report Q4, 2026 results at 12:15 PM, Indian Standard Time on May 16, 2026
Declared Dividend • Aug 06Dividend of ₹23.00 announcedShareholders 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.
お知らせ • Aug 05Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026Styrenix Performance Materials Limited, Annual General Meeting, Aug 27, 2026, at 11:30 Indian Standard Time.
Reported Earnings • Aug 05First 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.
お知らせ • Jul 28Styrenix Performance Materials Limited to Report Q1, 2027 Results on Aug 04, 2026Styrenix Performance Materials Limited announced that they will report Q1, 2027 results on Aug 04, 2026
Reported Earnings • May 17Full 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.
お知らせ • May 08Styrenix Performance Materials Limited to Report Q4, 2026 Results on May 16, 2026Styrenix 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 01Insufficient new directorsNo 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 31New major risk - Financial positionThe 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 30Third 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 29Now 21% overvaluedOver 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.
お知らせ • Jan 22Styrenix Performance Materials Limited to Report Q3, 2026 Results on Jan 29, 2026Styrenix Performance Materials Limited announced that they will report Q3, 2026 results on Jan 29, 2026
Buy Or Sell Opportunity • Jan 12Now 22% overvaluedOver 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 14New minor risk - Profit margin trendThe 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 14Second 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.
お知らせ • Nov 05Styrenix Performance Materials Limited to Report Q2, 2026 Results on Nov 12, 2025Styrenix 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 15Dividend of ₹31.00 announcedShareholders 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 09Full 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.
お知らせ • Aug 09Styrenix Performance Materials Limited to Report Q1, 2026 Results on Aug 13, 2025Styrenix Performance Materials Limited announced that they will report Q1, 2026 results on Aug 13, 2025
お知らせ • Aug 06Styrenix Performance Materials Limited, Annual General Meeting, Aug 29, 2025Styrenix Performance Materials Limited, Annual General Meeting, Aug 29, 2025, at 11:30 Indian Standard Time.
Reported Earnings • May 26Full 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.
お知らせ • May 17Styrenix Performance Materials Limited to Report Q4, 2025 Results on May 24, 2025Styrenix 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 10Investor 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 31Third 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.
お知らせ • Jan 24Styrenix Performance Materials Limited to Report Q3, 2025 Results on Jan 30, 2025Styrenix Performance Materials Limited announced that they will report Q3, 2025 results on Jan 30, 2025
Valuation Update With 7 Day Price Move • Dec 10Investor 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.
お知らせ • Dec 09Styrenix Performance Materials Limited Declares Interim Dividend for Fiscal Year 2024-25Styrenix 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 29Second 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.
お知らせ • Oct 21Styrenix Performance Materials Limited to Report Q2, 2025 Results on Oct 28, 2024Styrenix Performance Materials Limited announced that they will report Q2, 2025 results on Oct 28, 2024
Buy Or Sell Opportunity • Oct 10Now 20% overvalued after recent price riseOver 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 23Now 22% overvalued after recent price riseOver 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 16Now 23% overvalued after recent price riseOver 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 02Dividend of ₹28.00 announcedShareholders 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.
お知らせ • Jul 22Styrenix Performance Materials Limited, Annual General Meeting, Aug 21, 2024Styrenix Performance Materials Limited, Annual General Meeting, Aug 21, 2024, at 11:30 Indian Standard Time.
Reported Earnings • Jul 16First 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.
お知らせ • Jul 05Styrenix Performance Materials Limited to Report Q1, 2025 Results on Jul 15, 2024Styrenix Performance Materials Limited announced that they will report Q1, 2025 results on Jul 15, 2024
Valuation Update With 7 Day Price Move • Jul 04Investor 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 11Investor 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 16Investor 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 07Full 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.
お知らせ • May 06Styrenix Performance Materials Limited Recommends Dividend for the Financial Year Ended on March 31, 2024Styrenix 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 06Third 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.
お知らせ • Jan 24Styrenix Performance Materials Limited to Report Q3, 2024 Results on Feb 03, 2024Styrenix Performance Materials Limited announced that they will report Q3, 2024 results on Feb 03, 2024
お知らせ • Dec 22Styrenix Performance Materials Limited Announces Appointment of Chintan Doshi as Company Secretary and Compliance OfficerStyrenix 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.
お知らせ • Nov 10+ 1 more updateStyrenix Performance Materials Limited Appoints Bhupesh P. Porwal as Chief Financial OfficerStyrenix Performance Materials Limited announced the appointment of Mr. Bhupesh P. Porwal as Chief Financial Officer (`CFO') and Key Managerial Personnel of the Company. Appointment effective November 10, 2023.Mr. Bhupesh P. Porwal has cumulative experience of more than 25 years in Petrochemicals, Glass, Packaging, Refrigeration, Engineering, etc. in driving CFO & COO engagements. He comes from Ankur Scientific Energy Technologies Pvt. Ltd. where he was the COO & CFO in the immediate past. Earlier he has been Group CFO for AIA Engineering Ltd. Ahmedabad, Whole Time Director & CFO for INEOS Styrolution India Ltd. and has worked with Piramal Glass Ltd. & Blue Star Ltd.
Upcoming Dividend • Oct 24Upcoming dividend of ₹22.00 per share at 3.2% yieldEligible 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 23Second 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 18Investor 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.
お知らせ • Oct 14Styrenix Performance Materials Limited to Report Q2, 2024 Results on Oct 20, 2023Styrenix Performance Materials Limited announced that they will report Q2, 2024 results on Oct 20, 2023
お知らせ • Aug 11Styrenix Performance Materials Limited Announces Resignation of Sanjeev Madan as Chief Financial OfficerStyrenix 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.
お知らせ • Aug 01Styrenix Performance Materials Limited to Report Q1, 2024 Results on Aug 10, 2023Styrenix Performance Materials Limited announced that they will report Q1, 2024 results on Aug 10, 2023
Upcoming Dividend • Jul 26Upcoming dividend of ₹24.00 per share at 8.8% yieldEligible 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 15Full 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.
お知らせ • Jul 01Styrenix Performance Materials Limited, Annual General Meeting, Aug 10, 2023Styrenix Performance Materials Limited, Annual General Meeting, Aug 10, 2023, at 15:00 Indian Standard Time.
Valuation Update With 7 Day Price Move • Jun 06Investor 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 31Full 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.
お知らせ • May 27Styrenix Performance Materials Limited Announces Company Secretary / Compliance Officer ChangesAt 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.
お知らせ • May 17Styrenix Performance Materials Limited to Report Q4, 2023 Results on May 26, 2023Styrenix Performance Materials Limited announced that they will report Q4, 2023 results on May 26, 2023
Valuation Update With 7 Day Price Move • Mar 27Investor 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 14Third 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.
お知らせ • Feb 04Styrenix Performance Materials Limited to Report Q3, 2023 Results on Feb 13, 2023Styrenix Performance Materials Limited announced that they will report Q3, 2023 results on Feb 13, 2023
Board Change • Nov 20High number of new and inexperienced directorsThere 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.
お知らせ • Nov 19INEOS Styrolution India Limited Announces Changes in DirectorateINEOS 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.
お知らせ • Nov 18+ 1 more updateINEOS Styrolution India Limited Announces Changes in DirectoratePursuant to the completion of the transactions contemplated in the share purchase agreement dated August 1, 2022 entered into between Shiva Performance Materials Private Limited ("Purchaser") and INEOS Styrolution APAC Pte Ltd. ("SPA"), the board of directors ("Board") of INEOS Styrolution India Limited (the "Company") at its meeting held on November 17, 2022, took note of the acquisition of 10,761,178 equity shares of the Company by the Purchaser under the SPA on November 17, 2022 and noted that the Purchaser: (i) is in sole control of the Company; and (ii) is the promoter of the Company in accordance with applicable law, with effect from November 17, 2022. The Board, based on recommendation of the Nomination and Remuneration Committee of the Company, considered and approved the appointment of Mr. Rakesh S. Agrawal, Chairman, Executive Non-independent director, Mr. Rahul R. Agrawal, Executive Director and Managing Director, Mr. Vishal R. Agrawal, Executive Director and Joint Managing Director, Mr. Ravishankar Kompalli, Whole Time Director, Mr. Milin Mehta, Non-executive Director and Independent Director, Mr. Prem Kumar Taneja, Non-executive Director and Independent Director as Additional Directors on the Board, effective from November 17, 2022. The Board also approved the appointment of Mr. Rakesh Agrawal (DIN: 00057955), Executive Non-independent director as the Chairman of the Board with effect from November 17, 2022. The Board considered and accepted the resignation of (a) Mr. Robbie Alphons Maria Buntinx (DIN: 08830690) from directorship as Non-Executive and Non-Independent Director with effect from November 17, 2022; (b) Mr. Vinesh Sadekar (DIN: 00046815) from directorship as Non-Executive and Independent Director with effect from November 17, 2022; (c) Ms. Sandra Martyres (DIN: 00798406) from directorship as Non-Executive and Independent Director with effect from November 17, 2022; (d) Mr. Sanjiv Vasudeva (DIN: 06570945) from directorship as Managing Director with effect from November 17, 2022 and (e) Mr. Sanjeev Madan (DIN: 07533471) from directorship as Whole-time Director with effect from November 16, 2022. Accordingly, these directors have ceased to be members of the committees of the Company. The Board has also considered and accepted the resignation of Mr. Robbie Alphons Maria Buntinx (DIN: 08830690) as Chairman of the Board with effect from November 17, 2022. Rakesh S. Agrawal is the Chairman of Shiva Group of Companies promoted by the family, having business interests in Acid Chlorides, Alkyl Chlorides, Polymers, Engineering Services, Trading etc and having manufacturing facilities in India and Europe. He is a Post Graduate (Master of Engineering Chem) from Stevens Institute of Technology, New Jersey. A first-generation entrepreneur, Mr. Agrawal introduced Engineering Thermoplastics in India by setting up ABS Plastics Ltd, the first plant in the country to manufacture ABS and SAN resins and pioneered the market for these products in India. During his reign as Managing Director from 1973 to 2012, the Company had grown from 2000 TPA to 100,000 TPA in terms of ABS/SAN manufacturing capacity and Rs. 110 Mio to more than Rs. 11,000 Mio in terms of turnover. Mr. Agrawal plays a major role in various Industries Associations and he is currently a Managing Committee Member of Federation of Gujarat Industries, where he also served as President for 2 years. He has also served as an Executive Committee Member of FICCI for several years. He is also involved with various educational, social and charitable activities and he is a Trustee of United Way of Baroda where he also served as Chairman. He is also on the Board of Governors of GSFC University and had served as Senate Member of the MS University of Baroda for 4 years. A connoisseur of contemporary Indian Art, he has created an Art Centre for the promotion of art and culture and possesses a large collection of various forms of visual art both - contemporary and primary. He holds a bachelor's degree of technology in chemical engineering from Nagpur University and a masters' degree in chemical engineering from Stevens Institute of Technology. He has more than 49 years of experience in Chemicals and Manufacturing industry. Rahul Rakesh Agrawal is the Director and Promoter of Shiva Pharmachem Limited, company situated in Vadodara, Gujarat. Shiva Pharmachem Limited is a global supplier and one of the leading manufacturers of multi-functional intermediates in pharmaceuticals and agrochemicals and performance chemicals, and has three manufacturing sites and exports various products globally. He holds a bachelor's degree of science in chemical engineering from the University of Michigan, Ann Arbor and a masters' degree in Business Administration from Harvard Business School, Harvard University. He has an experience in the field of Chemical Manufacturing Industry for almost 23 years. He has also promoted Shiva Performance Materials Pvt. Ltd., a Company situated in Vadodara, Gujarat, which is actively engaged in producing specialty polymers such as acrylic resins used in ink, coating, semi conductor and optical fibre industry. Shiva Performance Materials is one of the largest suppliers globally in the graphic arts and toner industries and provides a clean alternative to hazardous solvent based chemistries used in packaging industry. He has also been an active member of the chemical engineering honor society Omega Chi Epsilon. Vishal Rakesh Agrawal is the Managing Director and Promoter of Shiva Pharmachem Limited, a company situated in Vadodara, Gujarat. Shiva Pharmachem Limited is a global supplier and one of the leading manufacturers of multi-functional intermediates in pharmaceuticals and agrochemicals and performance chemicals and has three manufacturing sites and exports various products globally. He holds a bachelor's degree in chemical engineering and a masters' degree in Information Management from Stevens Institute of Technology. He has an experience in the field of Chemical Manufacturing Industry for over 23 years. Post qualifications he started Shiva Pharmachem Limited, with a focus on chlorination chemistry, which now is a multiproduct company practicing multiple chemistries. He also acquired a chemical company in Europe in 2015, which manufactures speciality chemicals, and is now a part of Shiva Pharmachem Ltd.
お知らせ • Nov 17INEOS Styrolution India Limited Announces Resignation of Sanjeev Madan as Whole Time DirectorINEOS Styrolution India Limited announced the resignation of Sanjeev Madan as whole time director.
Board Change • Nov 16High number of new and inexperienced directorsThere 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.
お知らせ • Nov 03INEOS Styrolution India Limited to Report Q2, 2023 Results on Nov 11, 2022INEOS Styrolution India Limited announced that they will report Q2, 2023 results on Nov 11, 2022
Board Change • Aug 16High number of new and inexperienced directorsThere 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.
お知らせ • Aug 13INEOS Styrolution India Limited Announces Retirement of Anil Shankar as Independent Director & Reconstitution of Board CommitteesINEOS 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 10First 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.
お知らせ • Aug 03INEOS Styrolution India Limited to Report Q1, 2023 Results on Aug 09, 2022INEOS 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 12Full 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.
お知らせ • Jul 09INEOS Styrolution India Limited, Annual General Meeting, Aug 10, 2022INEOS 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 02Investor sentiment improved over the past weekAfter 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 30Upcoming dividend of ₹105 per shareEligible 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%).
お知らせ • May 27INEOS Styrolution India Limited Declares Second Interim Dividend for the Fiscal Year 2021-2022INEOS 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.
お知らせ • May 18INEOS Styrolution India Limited Announces Board ChangesINEOS 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 19Investor sentiment deteriorated over the past weekAfter 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.
お知らせ • Apr 14Ineos Styrolution India Appoints Ms. Sandra Martyres as an Additional DirectorINEOS 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 10Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird 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 10Investor sentiment deteriorated over the past weekAfter 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.
お知らせ • Jan 30INEOS Styrolution India Limited to Report Q3, 2022 Results on Feb 09, 2022INEOS Styrolution India Limited announced that they will report Q3, 2022 results on Feb 09, 2022
Reported Earnings • Nov 13Second 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 18Investor sentiment improved over the past weekAfter 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 16Price target increased to ₹1,540Up 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 16First 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.
お知らせ • Dec 31+ 1 more updateINEOS Styrolution India Limited Approves Change in DirectorateINEOS Styrolution India Limited at its board meeting held on December 30, 2020, approved the completion of term of Mr. Jal Patel as an Independent Director of the Company. Also Due to the vacancy caused by completion of term of appointment of Mr. Jal Patel as an Independent Director, the Board has appointed Mr. Vinesh Sadekar as an Additional Director and Independent Director with effect from January 01, 2021. Also approved resignation of Mr. Nitankumar Duggal as the Whole-time Director of the Company with effect from January 01, 2021 and appointment of Mr. Sanjeev Madan as an Additional Director and Whole-time Director of the Company for the period of 3 years with effect from January 01, 2021. Mr. Sanjeev Madan is the Chief Financial Officer of the Company and will continue in that role as well.
お知らせ • Oct 28INEOS Styrolution India Limited to Report Q2, 2021 Results on Nov 10, 2020INEOS Styrolution India Limited announced that they will report Q2, 2021 results on Nov 10, 2020
