What we do Styrenix Performance Materials Ltd manufactures and supplies styrenic polymers like ABS, SAN, and polystyrene, serving industries such as automotive, electronics, and packaging. |
Founded in 1,973 |
Market share Leading supplier in ABS and styrenics in India, expanding globally post Thailand acquisition. |
Problem solved Provides durable, versatile engineering plastics as alternatives to metals and conventional materials. |
Top clients or who we serve B2B customers in automotive, electronics, construction, healthcare, household appliances, packaging, toys, and sports sectors. |
Key management Rakesh S. Agrawal (Chairman), Rahul R. Agrawal (Managing Director), Vishal R. Agrawal (Joint MD), Ravishankar Kompalli (Whole-time Director). |
Our journey and innovations Established 1973, capacity expansions, strategic acquisitions including Thailand operations in 2025, launched new brands STYROLOY and ASALAC in 2024. |
Where we operate India with manufacturing in Gujarat, plus international presence via Thailand subsidiary. |
Top products or what we offer ABSOLAC (ABS), ABSOLAN (SAN), STYROLOY, ASALAC (ASA), STYRENIX PS (Polystyrene). |
Top brands ABSOLAC: High impact ABS used in automotive and electronics; ABSOLAN: Transparent SAN for household appliances; STYROLOY and ASALAC: Specialty polymers launched 2024. |
Raw materials needed Styrene monomer, high rubber graft (HRG) rubber, other polymer raw materials. |
Raw materials supplier Includes imports and in-house production, e.g., HRG rubber from Thailand unit. |
Recurring vs cyclical contribution Revenue largely recurring from polymer sales with some cyclical impact from raw material and market demand fluctuations. |
Our industry position Market leader in ABS polymers in India; expanding polystyrene and specialty polymers; strong new market presence in Asia. |
Financial highlights FY 2024-25 standalone revenue Rs. 2744 Cr, profit before tax Rs. 313 Cr; consolidated revenue Rs. 2982 Cr, net profit Rs. 233 Cr. |
Geographical revenue split - |
Order book - |
Whats driving growth Capacity expansion, new product launches, Thailand acquisition, and growing end-user demand in automotive and packaging sectors. |
Our future plans Increase ABS capacity to 210 KT and PS capacity to 150 KT in 2024; expand specialty polymer offerings and geographic footprint. |
Our green promise Commitment to safety, environmental management with ISO 14001 certification; initiatives in waste, water, and energy reduction. |
Our people and values Over 600 employees; culture focused on innovation, safety, diversity, and continuous skill development. |
Key challenges ahead Raw material price volatility and inventory risk due to price fluctuations; competitive pressures in polymer markets. |
Interesting facts First Indian manufacturer with over five decades of styrenics expertise; recent acquisition expanded global reach significantly. |
Risks and strategy Mitigating raw material cost risks through integration and supplier diversification; focusing on high-margin specialties and capacity scaling. |
