What we do Polyplex Corporation Ltd manufactures a variety of plastic films such as BOPET, BOPP, CPP, and Blown films used globally in packaging, electronics, and industrial sectors. |
Founded in 1,984 |
Market share Ranked #2 globally (ex-China) in thin BOPET film capacity with a diversified global presence. |
Problem solved Provides specialty plastic films and integrated resin production ensuring supply security, cost competitiveness, and innovation for varied applications. |
Top clients or who we serve Serves ~2,735 customers in 86 countries, including CPGs, OEMs across packaging, industrial, electrical, and electronic sectors (B2B). |
Key management - |
Our journey and innovations Pioneer in overseas expansions, resin integration, chemical recycling, and specialty films; continuous capacity expansions and technological upgrades since 1984. |
Where we operate Manufacturing in India, Thailand, Turkey, USA, Indonesia with sales worldwide across Asia, Europe, Americas, and rest of world. |
Top products or what we offer BOPET films (thin and thick), BOPP, CPP, Blown PP/PE films, downstream coated and metallized specialty films, and recycled PET resins. |
Top brands Sarafil (base films), Saracote (silicone coated films), Saralam (extrusion coated films), Saraprint (digital print media films), EcoBlue (recycling). |
Raw materials needed Purified Terephthalic Acid (PTA), Mono Ethylene Glycol (MEG), polypropylene, polyethylene, recycled plastics. |
Raw materials supplier In-house integrated resin plants at all manufacturing sites; EcoBlue subsidiary for recycled plastics. |
Recurring vs cyclical contribution Predominantly recurring revenue from global contracts and diversified geographic demand with some cyclicality from industrial markets. |
Our industry position Strong position with integrated manufacturing and specialty film focus; second largest thin BOPET film producer globally (ex-China). |
Financial highlights FY 2024-25 consolidated revenue INR 6,98,056 Lakh; PAT INR 35,772 Lakh; EBITDA INR 79,140 Lakh; continuous growth in revenues and profitability. |
Geographical revenue split ~17% revenue from India, 63% outside India including USA, Thailand, Turkey, Indonesia, Europe, and other regions. |
Order book - |
Whats driving growth Growth driven by new line startups, portfolio expansion, rising demand for specialty films, sustainability initiatives, and capacity utilization. |
Our future plans Capex of $84 million for new BOPET lines, coating and metallizer expansions in India, Thailand, Turkey with expected ramp-ups by FY 26-27. |
Our green promise Commitment to sustainability via chemical and mechanical recycling (EcoBlue), renewable energy use, and eco-friendly product development. |
Our people and values Focus on employee development, diversity, safety, and strong culture emphasizing ownership, excellence, and care. |
Key challenges ahead Industry overcapacity, competitive pricing, global geopolitical risks, tariffs, and market cyclicality. |
Interesting facts First Indian polyester film manufacturer with global integrated resin plants; pioneer in chemical recycling of PET films. |
Risks and strategy Mitigates risks through diversification, integrated manufacturing, specialty products, global footprint, and continuous operational improvements. |
