STYRENIXChemicals

Styrenix Performance Materials Limited

Specialty Chemicals · ISIN INE189B01011 · BSE 506222 · NSE EQ · FV ₹10
Last price
₹2,066
+0.30%today
What this company does

Styrenix Performance Materials Limited operates in Specialty Chemicals, part of the Chemicals sector. It booked ₹1,011 cr of revenue in its latest quarter (Q1 FY27) and kept 13.7% of sales as profit.

In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of companies in Chemicals, on the 5 of 6 measures we could read for it. Each measure is ranked against the 10–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns85

How much profit it earns on the money it employs

Balance sheet65

How much it owes, and whether earnings cover the interest

Cash quality46

Whether reported profit actually arrives as cash

Valuation22

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 7% vs last year
Profit up 166% vs last year
Promoters hold 46%
No promoter shares pledged
Strong 40% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in STYRENIX?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹2,066 +0.30%
latest close · 2026-09-17
1-year return
+64.8%
52-wk low ₹70652-wk high ₹2,653
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio6.6Low
LowAverageHigh
P/B ratio2.66Moderate
Below bookModerateHigh
EV / EBITDA4.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity40.5%Strong
WeakFairStrong ▸15%
Return on capital40.6%Strong
WeakFairStrong
Net margin13.7%Decent
ThinDecentStrong
EBITDA margin22.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.23Comfortable
LowModerateHigh ▸1
Interest cover43.7×Strong
RiskyOkayStrong ▸5×
Current ratio2.29Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹3,634 cr
Book value
₹777
EPS
₹78.64
latest quarter
Net debt
₹239 cr
owes more than its cash
Enterprise value
₹3,873 cr
EBITDA
₹894 cr
annualised
EBIT
₹772 cr
annualised
Operating margin
19.1%
Return on assets
22.3%
Earnings yield
15.23%
P/S
0.90
Sales / share
₹2,298.7
Tax rate
26.7%
Face value
₹10
Shares
1.8 cr
Working capital
₹747 cr
Current assets
₹1,328 cr
Current liabilities
₹581 cr
Delivery %
62.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹991 vs market price ₹2,066 — price is 108% above it
Safety cushion-108.4%(target ≥ +20%)
Models span ₹743₹1,348, midpoint ₹991
Model ₹991
Price ₹2,066
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,011 cr
Other Income₹3 cr
Total Income₹1,014 cr
Cost of Materials₹706 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-68 cr
Employee Benefit Expense₹39 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹31 cr
Other Expenses₹114 cr
Total Expenses₹826 cr
Profit before Tax₹189 cr
Tax Expense₹50 cr
Net Profit₹138 cr
Net margin on total income13.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹638 cr62.9%
Employee benefit expense₹39 cr3.8%
Finance costs₹4 cr0.4%
Depreciation & amortisation₹31 cr3.0%
Other expenses₹114 cr11.2%
Tax expense₹50 cr5.0%
Profit for the period₹138 cr13.6%
Total income ₹1,014 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue869 cr826 cr1,011 cr
Total income871 cr838 cr1,014 cr
Expenses862 cr745 cr826 cr
Profit before tax6 cr93 cr189 cr
Tax-10 cr20 cr50 cr
Net profit (owners' share)16 cr73 cr138 cr
Net margin (owners' share, on revenue)1.9%8.9%13.7%
EPS (₹)9.2941.7978.64
YoY (latest quarter): total income +7.1% · net profit +166.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,483 cr
Shareholder equity
₹1,366 cr
parent shareholders
Total debt
₹309 cr
Cash
₹70 cr
Cash flow · H1 FY26
Operating
₹-65 cr
Investing
₹-44 cr
Financing
₹41 cr
Peer comparison
Specialty Chemicals · by market value
CompanyPriceMarket capP/E
Pidilite Industries Limited₹1,552₹1.58 L cr45.3
Gujarat Fluorochemicals Limited₹4,472₹49,190 cr55.4
Navin Fluorine International Limited₹8,220₹42,169 cr43.3
Deepak Nitrite Limited₹1,605₹21,889 cr15.9
Aether Industries Limited₹1,623₹21,543 cr85.1
Atul Limited₹6,134₹18,057 cr18.4
Aarti Industries Limited₹477₹17,287 cr27.9
Fine Organic Industries Limited₹5,202₹15,949 cr28.9
BASF India Limited₹3,602₹15,591 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.23%
trailing 12 months
Dividend / share (TTM)
₹46
Last dividend
₹23
ex 10 Aug 2026
ActionDetailEx-date
Dividend₹23 / share10 Aug 2026
Dividend₹23 / share5 Feb 2026
Dividend₹31 / share21 Aug 2025
Dividend₹31 / share17 Dec 2024
Dividend₹28 / share12 Aug 2024
Dividend₹48 / share12 Feb 2024
Who owns it · 2026-06-30
No pledge
Promoter
46.2%
FII / Foreign
0.9%
DII / Domestic
17.4%
Retail / others
35.5%
Promoter stake down 16.5% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSHIVA PERFORMANCE MATERIALS PRIVATE LIMITED · Promoters75.14 L · ₹1754.5 cr8 Jul 24
SoldShiva Performance Materials Private Limited · Promoters29.00 L · ₹540.0 cr27 Jun 24
SoldShiva Performance Materials Private Limited · Promoters35.17 L · ₹714.4 cr26 Jun 24
Bulk / block deals
short · NSE2526 Aug 26
short · NSE106 Jul 26
short · NSE2122 Jun 26
Stake changes
SoldRelease of Pledge of Equity shares with Foods & Inns Limited acting as Security Trustee on behalf of Ledners→ 0.00% · 75.14 L8 Jul 24
SoldShiva Performance Materials Private Ltd · promoter→ 46.24% · 29.00 L27 Jun 24
BoughtNippon Life India Trustee Limited A/C through Various Scheme of Nippon India Mutual Fund→ 5.44% · 2.50 L27 Jun 24
Promoter pledges
ReleasedShiva Performance Materials Private Ltd75.14 L · 42.73% held8 Jul 24
ReleasedShiva Performance Materials Private Ltd35.17 L · 62.73% held26 Jun 24
PledgedCatalyst Trusteeship Ltd acting for the benefit of the lenders viz.1.10 cr · 0.00% held21 Nov 22
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
25.87 L votes for, 112 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Vishal Rakesh Agrawal (DIN: 00056800), who retires by rotation, and being eligible, offers himself for re-appointment as a Director liable to retire by rotation
Backed by 56% of shareholders other than promotersneeded 50%
14.38 L votes for, 11.49 L against · 45% of mutual funds and other big investors said no
3
To ratify the payment of remuneration to the Cost Auditors of the Company for the Financial Year 2026-27.
Backed by 100% of shareholders other than promotersneeded 50%
25.87 L votes for, 311 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 46.2% between them · as of 2026-06-30
Shiva Performance Materials Private Limited46.24%
Business done with them
FY2025 · 1 of the group
The company paid ₹61 cr to companies in the promoter group last year — about 2.0% of its ₹2,982 cr revenue and received ₹21 cr back from them.
SHIVA PERFORMANCE MATERIALS PRIVATE LIMITED
Other payments to them · Purchase of raw materials, Sale of Goods, Dividend payment,Royalty
also owns 46.24% of the company
₹48 cr
company paid
SHIVA PERFORMANCE MATERIALS PRIVATE LIMITED
Sold goods to them · Purchase of raw materials, Sale of Goods, Dividend payment,Royalty
also owns 46.24% of the company
₹21 cr
company received
SHIVA PERFORMANCE MATERIALS PRIVATE LIMITED
Bought goods from them · Purchase of raw materials, Sale of Goods, Dividend payment,Royalty
also owns 46.24% of the company
₹13 cr
company paid
SHIVA PERFORMANCE MATERIALS PRIVATE LIMITED
Transfers Under License Agreements From Entity · Purchase of raw materials, Sale of Goods, Dividend payment,Royalty
also owns 46.24% of the company
₹2 cr
company received

The company also transacted with 5 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.