Styrenix Performance Materials Ltd · NSE:STYRENIX
Styrenix Performance Materials — Q2 FY27 Earnings Presentation
37 slides from Styrenix Performance Materials's earnings presentation, Oct 28, 2026
Slide 1: Cover letter to stock exchanges
October 28, 2026 To, BSE Limited National Stock Exchange of India Limited Dept. DSC_CRD Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, ‘G’ Block, Dalal Street Bandra- Kurla Complex, Mumbai 400 001 Bandra (‘E’) Mumbai 400 051 BSE Scrip Code: 506222 NSE Symbol: STYRENIX Subject: Investor Pre
Slide 2: Investor Presentation | Q2FY27
Investor Presentation | Q2FY27 Engineered for Committed to PERFORMANCE S U S TA I N A B I L I T Y
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Styrenix Performance Materials Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Table of Contents
Table of Contents 01 02 03 04 Q2FY27 Company Pillars Behind Historical Financial Performance Highlights Overview Strong Foundation Highlights Management commentary, At a glance, journey, vision Products, manufacturing, Consolidated & standalone quarterly & half-yearly financial & values, product por
Slide 5: Q2FY27 Performance Highlights
Q2FY27 Performance Highlights
Slide 6: Management Commentary
Management Commentary Q2FY27 continued to be marked by significant geopolitical uncertainty and disruptions across global supply chains. The availability and pricing of key raw materials and energy remained volatile, creating a challenging operating environment for the polymer industry. At Styrenix,
Slide 7: Q2 & H1 FY27 Performance Highlights - Standalone
Q2 & H1 FY27 Performance Highlights - Standalone Total Income (INR crores) EBITDA (INR crores) PAT (INR crores) Sales Volume (in KT) 13.2% 10.8% Margin 8.2% 6.6% 617.5 781.1 81.8 84.5 50.8 51.2 45.2 43.4 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Total Income (INR crores) EBITDA
Slide 8: Q2 & H1 FY27 Performance Highlights - Consolidated
Q2 & H1 FY27 Performance Highlights - Consolidated Total Income (INR crores) EBITDA (INR crores) PAT (INR crores) Sales Volume (in KT) 11.0% 7.6% Margin 5.6% 2.3% 801.9 997.3 88.4 44.7 57.5 55.1 75.6 23.2 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Total Income (INR crores) EBITD
Slide 9: Profit & Loss Statement - Standalone
Profit & Loss Statement - Standalone Particulars (Rs in Crores) Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Revenue from Operations 779.7 615.2 26.7% 1,547.7 1,336.3 15.8% Other Income 1.4 2.3 3.8 4.1 Total Income 781.1 617.5 1,551.5 1,340.4 Cost of Goods Sold 613.6 455.6 1,096.3 1,006.8 Employee Cost 2
Slide 10: Profit & Loss Statement - Consolidated
Profit & Loss Statement - Consolidated Particulars (Rs in Crores) Q2 FY27 Q2 FY26 YoY % H1 FY27 H1 FY26 YoY % Revenue from Operations 993.5 798.9 24.4% 2,004.4 1,742.4 15.0% Other Income 3.8 3.0 5.5 6.3 Total Income 997.3 801.9 2,009.8 1,748.7 Cost of Goods Sold 775.0 570.8 1,413.0 1,258.4 Employee
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (INR Crores) Sep-26 Mar-26 Equity & Liabilities (INR Crores) Sep-26 Mar-26 Total Non Current Assets 1,181.2 1,154.9 Total Equity 1,486.9 1,366.3 Intangible Asset 11.6 11.9 Equity Share capital 17.6 17.6 Property, Plant and Equipment 671.7 714.2 Right-to-use Assets 2
Slide 12: Company Overview
Slyrenix, Company Overview
Slide 13: Styrenix – At a Glance
Styrenix – At a Glance India's Leading Engineering Polymer Manufacturer Leader in Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN) | Wide grades across the portfolio backed by in-house technology Polymers Portfolio & Our Brands Settingbenchmarks in ABS SAN ASA Blends Polystyrene
Slide 14: Our Journey
Our Journey Foundation & Build-up Strategic Expansion Accelerating Growth 1973 Mr. Rakesh Agrawal incorporated ABS 2013 PS business acquired from BASF – 2022 Shiva Group led by Mr. Rakesh Plastics Ltd. and led it till 2012 capacity 66 KTPA Agrawal acquires majority equity stake 1992 ABS capacity inc
Slide 15: Vision & Mission
Vision & Mission Our vision is with the ambition to become the of to Styrenix Performance is dedicated to enabling customer success by Our name reflects our core philosophy combining with Through a strong understanding of customer requirements, we deliver cost-effective products that enhance quality
Slide 16: Global Footprint – Manufacturing & Sales Network
Global Footprint – Manufacturing & Sales Network Nandesari, Gujarat Frankfurt Katol, Moxi, Seoul Gujarat Gujarat Delhi Vadodara Hanoi (HO) Tokyo Mumbai Shanghai Pune Dubai Dahej, Gujarat Bangkok Rayong Bangalore Chennai Head office Jakarta Manufacturing Sales Office Head Office Manufacturing Sites Do
Slide 17: Pillars behind Strong Foundation
Pillars behind Strong Foundation
Slide 18: Pillars Behind Strong Foundation
Pillars Behind Strong Foundation 01 02 03 04 Prominent Manufacturer of ABS, Blends & Specialty Polymers Designed for Demanding Five State-of-the-Art SAN and Polystyrene Applications Manufacturing Facilities 05 06 07 08 Capacity Built to Scale Technology & Market R&D Strength Deep Rooted Customer Aug
Slide 19: 1. Prominent Manufacturer of ABS, SAN & Polystyrene
1. Prominent Manufacturer of ABS, SAN & Polystyrene ABSOLAC® (ABS) ABSOLAN® (SAN) Specialty ABS for high aesthetics and performance Transparent & stiff styrenics polymer Specification Key Applications Specification Key Applications › Easy processing, superior surface finish, › Automotive interior &
Slide 20: 1. Prominent Manufacturer of ABS, SAN & Polystyrene
1. Prominent Manufacturer of ABS, SAN & Polystyrene STYRENIX® PS (GPPS) STYRENIX® PS (HIPS) Transparent general purpose polystyrene Impact-modified polystyrene for durability Specification Key Applications Specification Key Applications › Excellent clarity, mouldability and easy › Food packaging › E
Slide 21: 2. Blends & Specialty Polymers
2. Blends & Specialty Polymers STYROLOY® ASALAC® (ASA) Advanced polymer blends – high-performance styrenics Weather-resistant styrenic polymer Specification Key Applications Specification Key Applications › Blends of ABS / ASA / HIPS with PC, PMMA, › Automotive › Superior UV stability and long-term
Slide 22: 3. Designed for Demanding Applications
3. Designed for Demanding Applications Engineered for Performance Designed for Versatility High-performance solutions offer a comprehensive range of properties that deliver reliability, compliance and excellence across industries and applications 21
Slide 23: 4. Five State-of-the-Art Manufacturing Facilities
4. Five State-of-the-Art Manufacturing Facilities Unit I - Nandesari Unit II - Katol Unit III - Moxi Unit IV - Dahej Unit V - Map Ta Phut, Thailand Set up 1978 Set up 1993 Set up 1995 Acquired 2014 Acquired 2025 ABS | SAN | Products Rubber Products SAN Products ABS & Others Products Polystyrene Prod
Slide 24: 5. Capacity Built to Scale
5. Capacity Built to Scale India Sales Volume Trend (KT) India Manufacturing Capacity (KT) +31% +31% FY23–26 ABS 100 Commercially sold as finished product 195.0 185.4 164.3 149.0 SAN 100 Mostly in-house for downstream applications PS 100 Commercially sold as finished product Rubber 27 In-house for d
Slide 25: 6. Technology & Market Augmentation – Thailand
6. Technology & Market Augmentation – Thailand About the Company About the Acquisition INEOS Styrolution (Thailand) Co. was in the Acquisition of INEOS Styrolution (Thailand ) business of manufacturing & selling specialty Company completed in January 2025 engineering polymers Acquired 100% sharehold
Slide 26: 7. R&D Strength
7. R&D Strength Innovation Research & Development Turning customer insights into differentiated products Strong backbone ensuring quality, scale & reliability Unique Product Innovation Cutting-edge R&D Centre In-house capabilities enabling differentiated State-of-the-art facility in Gujarat and appl
Slide 27: 8. Deep-Rooted Customer Relationships Across Industries
8. Deep-Rooted Customer Relationships Across Industries Competitive Edge Automotive Cosmetics Long-standing relationships with customers Electronics Stationery & Toys Clientele spread across various sectors Customer Stickiness Household Appliances due to long approval cycles Packaging Healthcare 26
Slide 28: 9. Consistent Performance over the Years
9. Consistent Performance over the Years* (INR crores) Volumes (in KT) EBITDA 185.4 195.0 355.8 369.7 164.3 290.3 149.0 272.8 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 EBITDA Margins (%) Profit after Tax 14.0% 232.2 234.3 12.2% 12.9% 12.2% 183.0 173.2 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 *Standalon
Slide 29: 10. Best Practices Behind Proven Credentials
10. Best Practices Behind Proven Credentials EHS Highlights Key Certificates Committed towards Environment • Committed to the safety and health of employees and nearby • Use of clean fuel communities • Energy, waste, water & emission reduction measures • Certified to ISO 45001:2018 in May ‘26 • Gree
Slide 30: 11. Experienced Board Members
11. Experienced Board Members Rakesh S. Agrawal | Chairman Milin Mehta | Independent Director • Chairman of Shiva Group • Chartered Accountants, Master of Commerce and a Law Graduate • Master of Engineering (Chemistry) from Stevens Institute of Technology, New • Leads the practice of the firm K C Me
Slide 31: Historical Financial Highlights
Slyrenix, Historical Financial Highlights
Slide 32: Consolidated Profit & Loss
Consolidated Profit & Loss* Particulars (INR Crores) FY26 FY25 FY24 FY23 Revenue from Operations 3,438.0 2,982.4 2,222.2 2,372.2 Other Income 16.4 12.2 9.3 15.1 Total Income 3,454.4 2,994.6 2,231.4 2,387.3 Cost of Goods Sold 2,505.1 2,219.9 1,662.3 1,776.4 Employee Cost 147.9 90.0 67.2 72.2 Other Ex
Slide 33: Consolidated Balance Sheet
Consolidated Balance Sheet* Assets (INR Crores) FY26 FY25 FY24 FY23 Equity & Liabilities (INR Crores) FY26 FY25 FY24 FY23 Total Non Current Assets 1,154.9 981.8 343.2 340.7 Total Equity 1,366.3 1,218.7 722.7 714.7 Intangible Asset 11.8 10.2 - - Equity Share capital 17.6 17.6 17.6 17.6 Property, Plan
Slide 34: Standalone Historical Financial Highlights
Standalone Historical Financial Highlights Revenue from Operations (INR Crores) EBITDA (INR Crores) PAT (INR crores) 12.2% 12.2% 12.9% 14.0% Margin 7.7% 7.8% 8.4% 8.9% 2,744.4 2,640.3 355.8 369.7 232.2 234.3 2,372.3 2,222.2 290.3 272.8 183.0 173.2 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 FY23 FY24 FY
Slide 35: Standalone Key Ratios
Standalone Key Ratios Debt to Equity (x) Current Ratio (x) 2.71 2.30 2.47 2.07 0.06 0.01 0.01 0.02 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Fixed Asset Turnover (x) Debt Service Coverage Ratio (x) 9.34 8.76 17.72 18.63 17.26 7.95 7.76 12.03 FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 34
Slide 36: Strategic Priorities & Way Forward
Strategic Priorities & Way Forward Capacity Expansion 1 Brownfield ABS Phase I (50 KT) on track for commissioning in H2 FY27 Better Product Mix 2 Focus on specialties, OEM business and import substitutes; shift towards higher value-added grades Thailand Integration 3 Leverage HRG rubber, high-heat &
Slide 37: Company and Investor Relations Advisor Contacts
Company: Investor Relations Advisor: Styrenix Performance Materials Ltd. Strategic Growth Advisors Pvt. Ltd. CIN -L25200GJ1973PLC002436 CIN - U74140MH2010PTC204285 Ms. Vaamaa Choksi / Mr. Shrikant Sangani Mr. Bhupesh P. Porwal - Chief Financial Officer vaamaa.choksi@sgapl.net / shrikant.sangani@sgap
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