Established in 1973, Styrenix Performance Materials Ltd has been a prominent player in the manufacturing, trading, and sale of Engineering Thermoplastics. With nearly five decades of expertise, the company has consistently delivered high-quality solutions in the realm of advanced materials. This article aims to provide a comprehensive overview of Styrenix Performance Materials Ltd, exploring its history, product offerings, market presence, and notable contributions to the field of Engineering Thermoplastics.
Dive into the intricate details of the company’s operations and discover the key factors that have propelled it to prominence in the industry.
About Styrenix Performance Materials
Styrenix Performance Materials Ltd, a pioneering force in the Indian market since its inception in 1973, specializes in the production of cutting-edge Engineering Thermoplastics. The company’s core products, Absolac (ABS) and Absolan (SAN) serve diverse industries, including home appliances, automobiles, consumer durables, and machinery.
With an unwavering commitment to quality, Styrenix also manufactures Polystyrene, a versatile material used in food service and packaging, electronic goods housings, and more. The company’s extensive product profile encompasses Enhanced Specialties like Absolac Abs and Absolac High Heat Abs, Transparent Specialties represented by Absolan (SAN), Styrenix PS offerings including General Purpose Polystyrene Resins (GPPS) and High Impact Polystyrene (HIPS), and innovative products like K resin, Novodur HH, and Luran S.
Boasting a robust manufacturing unit in Gujarat with a capacity of approximately 100,000 MTPA of ABS and 78,000 MTPA of polystyrene, Styrenix caters to a wide array of user industries, including automotive, electronics, household, construction, healthcare, packaging, and toys/sports/leisure. In the fiscal year 2022, the company achieved a revenue mix with specialties contributing around 70% and polystyrene constituting the remaining 30%, emphasizing its diversified revenue streams and market presence.
Below are the trading platforms that you can use to purchase Styrenix Performance Materials shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| January 2024 | 1,605.96 | 1,396.49 |
| February 2024 | 1,638.73 | 1,424.99 |
| March 2024 | 1,672.18 | 1,454.07 |
| April 2024 | 1,623.47 | 1,411.72 |
| May 2024 | 1,599.48 | 1,390.85 |
| June 2024 | 1,657.06 | 1,440.92 |
| July 2024 | 1,640.49 | 1,426.52 |
| August 2024 | 1,706.11 | 1,483.58 |
| September 2024 | 1,774.36 | 1,542.92 |
| October 2024 | 1,739.57 | 1,512.67 |
| November 2024 | 1,791.75 | 1,558.05 |
| December 2024 | 1,836.55 | 1,597.00 |
Styrenix Performance Materials is anticipated to showcase a robust share price performance in 2024, with a projected range between ₹1,396.49 and ₹1,836.55 throughout the year. The company’s market capitalization is currently valued at ₹2,616 Cr., while the share price stands at ₹1,487 as of January 9th, 2024.
Notably, the stock demonstrates a high/low range of ₹1,565/₹692, a P/E ratio of 16.2, and a book value of ₹433, underscoring its market resilience and growth potential in the coming year. Investors can look forward to a dynamic market response to Styrenix Performance Materials in 2024.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,873.28 | 1,440.98 |
| February 2025 | 1,921.31 | 1,477.93 |
| March 2025 | 1,996.24 | 1,535.57 |
| April 2025 | 1,957.10 | 1,505.46 |
| May 2025 | 1,900.10 | 1,461.61 |
| June 2025 | 1,985.60 | 1,527.38 |
| July 2025 | 1,946.67 | 1,497.44 |
| August 2025 | 2,006.87 | 1,543.75 |
| September 2025 | 2,077.11 | 1,597.78 |
| October 2025 | 2,131.12 | 1,639.32 |
| November 2025 | 2,184.40 | 1,680.31 |
| December 2025 | 2,239.01 | 1,722.31 |
In 2025, Styrenix Performance Materials Ltd is poised for a promising share price trajectory, projecting a range from ₹1,440.98 to ₹2,239.01 throughout the year. This forecast underscores a robust performance, indicative of potential growth and market stability.
Notably, the company’s proactive approach to financial strategies is evident in its Offer for Sale (OFS) conducted on April 18th, 2022, where 24,28,040 Equity Shares, constituting approximately 13.81% of the paid-up equity share capital, were made available. This move reflects Styrenix’s commitment to strategic financial management and positions the company favorably for continued success in the market.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,306.18 | 1,773.98 |
| February 2026 | 2,365.31 | 1,819.47 |
| March 2026 | 2,457.56 | 1,890.43 |
| April 2026 | 2,409.37 | 1,853.36 |
| May 2026 | 2,339.19 | 1,799.38 |
| June 2026 | 2,444.46 | 1,880.35 |
| July 2026 | 2,396.53 | 1,843.48 |
| August 2026 | 2,470.65 | 1,900.50 |
| September 2026 | 2,557.12 | 1,967.01 |
| October 2026 | 2,623.60 | 2,018.16 |
| November 2026 | 2,689.19 | 2,068.61 |
| December 2026 | 2,756.42 | 2,120.33 |
In 2026, Styrenix Performance Materials Ltd anticipates a robust share price performance, projecting a range from ₹1,773.98 to ₹2,756.42 throughout the year. This forecast suggests a promising trajectory, indicating potential growth and market stability.
Notably, the company underwent a significant acquisition on August 1st, 2022, when Shiva Performance Materials Private Limited (SPMPL) entered into a share purchase agreement with Ineos Styrolution APAC Pt (ISAPL), acquiring approximately 61.19% of the equity capital of SIL at a price of ₹600 per equity share, totaling ₹645.67 crore.
Following this, an open offer for the acquisition of an additional ~26% of the equity capital was announced on November 17th, 2022, at an offer price of ₹848.72 per equity share, totaling ~₹388.06 crore payable in cash. The completion of this transaction is expected by Q3FY23, adding a strategic dimension to Styrenix’s growth trajectory.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,811.55 | 2,162.73 |
| February 2027 | 2,883.64 | 2,218.19 |
| March 2027 | 2,996.11 | 2,304.70 |
| April 2027 | 2,937.36 | 2,259.51 |
| May 2027 | 2,851.80 | 2,193.70 |
| June 2027 | 2,980.14 | 2,292.41 |
| July 2027 | 2,921.70 | 2,247.46 |
| August 2027 | 3,012.06 | 2,316.97 |
| September 2027 | 3,117.49 | 2,398.07 |
| October 2027 | 3,198.54 | 2,460.42 |
| November 2027 | 3,278.50 | 2,521.93 |
| December 2027 | 3,360.47 | 2,584.97 |
In 2027, Styrenix Performance Materials Ltd projects a promising share price performance, with an estimated range between ₹2,162.73 and ₹3,360.47 throughout the year. This forecast indicates a robust trajectory, emphasizing potential growth and market stability. The financial data underscores the company’s resilience and positive outlook, offering investors a comprehensive perspective on the anticipated performance for the upcoming year.
| When | Maximum Price | Minimum Price |
| January 2028 | 3,427.68 | 2,636.67 |
| February 2028 | 3,515.56 | 2,704.28 |
| March 2028 | 3,652.67 | 2,809.75 |
| April 2028 | 3,581.05 | 2,754.65 |
| May 2028 | 3,476.75 | 2,674.42 |
| June 2028 | 3,633.20 | 2,794.77 |
| July 2028 | 3,561.96 | 2,739.97 |
| August 2028 | 3,672.13 | 2,824.71 |
| September 2028 | 3,800.65 | 2,923.58 |
| October 2028 | 3,899.47 | 2,999.59 |
| November 2028 | 3,996.95 | 3,074.58 |
| December 2028 | 4,096.88 | 3,151.44 |
- January 2028: ₹2,636.67 (Minimum)
- December 2028: ₹4,096.88 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 4,178.82 | 3,214.47 |
| February 2029 | 4,285.96 | 3,296.90 |
| March 2029 | 4,453.12 | 3,425.47 |
| April 2029 | 4,365.80 | 3,358.31 |
| May 2029 | 4,238.64 | 3,260.49 |
| June 2029 | 4,429.38 | 3,407.22 |
| July 2029 | 4,342.53 | 3,340.41 |
| August 2029 | 4,476.84 | 3,443.72 |
| September 2029 | 4,633.52 | 3,564.25 |
| October 2029 | 4,754.00 | 3,656.92 |
| November 2029 | 4,872.85 | 3,748.34 |
| December 2029 | 4,994.67 | 3,842.05 |
- January 2029: ₹3,214.47(Minimum)
- December 2029: ₹4,994.67 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 5,094.56 | 3,918.89 |
| February 2030 | 5,225.19 | 4,019.38 |
| March 2030 | 5,428.97 | 4,176.13 |
| April 2030 | 5,322.52 | 4,094.25 |
| May 2030 | 5,167.50 | 3,975.00 |
| June 2030 | 5,400.03 | 4,153.87 |
| July 2030 | 5,294.15 | 4,072.42 |
| August 2030 | 5,457.89 | 4,198.38 |
| September 2030 | 5,648.91 | 4,345.32 |
| October 2030 | 5,795.79 | 4,458.30 |
| November 2030 | 5,940.68 | 4,569.75 |
| December 2030 | 6,089.20 | 4,684.00 |
- January 2030: ₹3,918.89 (Minimum)
- December 2030: ₹6,089.20 (Maximum)
Styrenix Performance Materials Financial Condition: Last 5 Years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Cr.) | 2,091 | 1,579 | 1,631 | 2,179 | 2,372 |
| Expenses (Rs. Cr.) | 2,081 | 1,514 | 1,218 | 1,704 | 2,097 |
| Operating Profit (Rs. Cr.) | 9 | 65 | 414 | 475 | 275 |
| OPM (%) | 0% | 4% | 25% | 22% | 12% |
| Other Income (Rs. Cr.) | 12 | -31 | 13 | 14 | 15 |
| Interest (Rs. Cr.) | 13 | 16 | 15 | 8 | 5 |
| Depreciation (Rs. Cr.) | 27 | 32 | 36 | 38 | 38 |
| PBT (Rs. Cr.) | -18 | -14 | 376 | 443 | 247 |
| Tax (%) | 33% | 29% | 25% | 27% | 26% |
| Net Profit (Rs. Cr.) | -12 | -10 | 280 | 323 | 183 |
| EPS (Rs.) | -7.09 | -5.41 | 159.35 | 183.41 | 104.07 |
| Dividend Payout (%) | -28% | 0% | 6% | 162% | 100% |
- Over the past 5 years, Styrenix Performance Materials has shown varying financial trends.
- Sales have experienced a 5% compounded growth, despite a 1% decline in the trailing twelve months (TTM).
- Net profit displays fluctuations, with a significant 22% compounded growth over the last 5 years but a notable 37% decline in the TTM.
- Return on equity has been consistently strong, recording 23% in the last year.
- The stock has demonstrated robust performance, with a remarkable 79% compounded annual growth rate (CAGR) in the last year.
- Styrenix’s 10-year sales growth stands at 9%, while the 10-year compounded profit growth is 11%.
- Compound sales growth for 3 years is 15%, and for 5 years, it is 5%.
- Styrenix has exhibited a 22% compounded profit growth over 5 years and a notable 84% growth over 3 years.
- The company’s stock price has seen a CAGR of 14% over the last 10 years, 17% over 5 years, and 18% over 3 years.
FAQs
What is Styrenix Performance Materials’ current market capitalization?
Styrenix Performance Materials’ current market capitalization is ₹2,616 Crores.
As of January 9th, 2024, the current share price of Styrenix Performance Materials is ₹1,487.
The projected share price for Styrenix in 2024 is expected to be between ₹1,396.49 and ₹1,836.55.
Styrenix’s share price target for 2025 is estimated to be in the range of ₹1,440.98 to ₹2,239.01.
The projected share price for Styrenix in 2026 is expected to range from ₹1,773.98 to ₹2,756.42.
In 2030, Styrenix is expected to have a share price range from ₹3,918.89 (minimum) to ₹6,089.20 (maximum).
What is the compound profit growth for Styrenix in the last 5 years?
The compound profit growth for Styrenix in the last 5 years is 22%.
What is Styrenix’s current price-to-earnings (P/E) ratio?
Styrenix’s current price-to-earnings (P/E) ratio is 16.2.
What is the dividend payout percentage for Styrenix in the last fiscal year?
The dividend payout percentage for Styrenix in the last fiscal year is 100%.
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In conclusion, Styrenix Performance Materials Ltd, with a foundation laid in 1973, is a significant force in the Engineering Thermoplastics sector. Boasting nearly five decades of expertise, the company has consistently delivered cutting-edge solutions, specializing in ABS, SAN, and polystyrene products catering to diverse industries.
The financial outlook appears promising, projecting an upward trajectory of share prices from ₹1,396.49 to ₹1,836.55 in 2024 and continuing the positive trend through 2030. With a current market capitalization of ₹2,616 Crores and a share price of ₹1,487 (as of January 9th, 2024), Styrenix demonstrates financial prudence by reducing debt, rendering it nearly debt-free. Additionally, the stock offers an appealing 6.99% dividend yield, complemented by robust profit growth at a 21.7% CAGR over the past 5 years and a commendable 32.4% return on equity (ROE) over 3 years. The company maintains a healthy dividend payout of 89.4%, emphasizing commitment to shareholders.
However, challenges persist, including a modest sales growth of 4.59% over the past five years, concerns about promoters pledging 100% of their holding, and a 12.3% decrease in promoter holding over the last 3 years. As investors consider these aspects, the strategic moves and market dynamics surrounding Styrenix Performance Materials suggest a resilient player in the industry, demanding a balanced evaluation of strengths and challenges in the decision-making process.
What did we learn?
- 1 About Styrenix Performance Materials
- 2 How to Purchase Styrenix Performance Materials Shares?
- 3 Styrenix Performance Materials Share Price Target 2024 To 2030
- 3.1 Styrenix Performance Materials Share Price Target 2024
- 3.2 Styrenix Performance Materials Share Price Target 2025
- 3.3 Styrenix Performance Materials Share Price Target 2026
- 3.4 Styrenix Performance Materials Share Price Target 2027
- 3.5 Styrenix Performance Materials Share Price Target 2028
- 3.6 Styrenix Performance Materials Share Price Target 2029
- 3.7 Styrenix Performance Materials Share Price Target 2030
- 4 Styrenix Performance Materials Financial Condition: Last 5 Years
- 5 FAQs
- 5.1 What is Styrenix Performance Materials’ current market capitalization?
- 5.2 What is the current share price of Styrenix Performance Materials?
- 5.3 What is the projected share price range for Styrenix in 2024?
- 5.4 What is Styrenix Performance Materials’ share price target for 2025?
- 5.5 What is the anticipated share price range for Styrenix in 2026?
- 5.6 What is the projected share price range for Styrenix in 2030?
- 5.7 What is the compound profit growth for Styrenix in the last 5 years?
- 5.8 What is Styrenix’s current price-to-earnings (P/E) ratio?
- 5.9 What is the dividend payout percentage for Styrenix in the last fiscal year?
- 6 Strategic Outlook: Navigating Styrenix Performance Materials Ltd – A Comprehensive Conclusion
