Styrenix Performance Materials Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 4 Aug 2026 | Chemicals & Petrochemicals | Market Cap: ₹3.8K Cr
India business volume growth guidance maintained at 15% to 20%, driven by capacity debottlenecking and expansions. Styrenix expects volume growth guidance of 15% to 20% for the India business, driven by capacity expansion and debottlenecking efforts. - Polystyrene capacity has expanded from 65,000 to 100,000 tonnes; further debottlenecking and capacity increase up to 150,000 tonnes are planned, expected to yield good ROCE despite lower polystyrene margins. - ABS expansion is planned in phases, adding 50,000 tonnes per phase; overall investment of approximately Rs.
From Styrenix Performance Materials Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹2,082
Market Cap
₹3.8K Cr
P/E Ratio
14.0
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Styrenix Performance Materials Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹826 Cr, net profit ₹73 Cr.
Full financials →📊 Revenue & Sales Performance
- →India business volume growth guidance maintained at 15% to 20%, driven by capacity debottlenecking and expansions.
- →Additional capacities in India (ABS and polystyrene) are being debottlenecked and expanded, enabling higher sales volumes.
- →Thailand business presents significant growth opportunity with only 10%-12% market share currently; market size is larger than India’s.
- →Thailand plant can increase volumes by tapping into underutilized sectors (automotive, household) not currently served in India.
- →Thailand revenue growth expected to follow India’s trend as capacity utilization improves.
- →Synergies between India and Thailand operations, including exports to multiple Asian markets (China, Hong Kong, Japan, Korea, Indonesia, Vietnam).
- →Additional working capital may be needed as business grows; no major CAPEX planned currently for Thailand.
- →Full utilization of expanded capacities in India and Thailand expected to increase revenues and improve profitability over time.
📈 Profitability & Margins
- →Styrenix expects volume growth guidance of 15% to 20% for the India business, driven by capacity expansion and debottlenecking efforts.
- →Polystyrene capacity has expanded from 65,000 to 100,000 tonnes; further debottlenecking and capacity increase up to 150,000 tonnes are planned, expected to yield good ROCE despite lower polystyrene margins.
- →ABS expansion is planned in phases, adding 50,000 tonnes per phase; overall investment of approximately Rs. 500 crores envisioned for ABS/SAN expansions.
- →Thailand operations are expected to improve profitability with volume growth, leveraging synergies from technology upgrades and new product profiles.
- →Operating leverage benefits are anticipated as capacity utilization improves, with ongoing cost-saving initiatives (e.g., fuel savings in Dahej plant).
- →Management expects spread levels to remain healthy, supporting earnings growth going forward.
- →No major CAPEX planned immediately for Thailand; additional working capital may be required as business grows.
🏗️ Capital Expenditure Plans
- →Polystyrene expansion: Debottlenecking increased capacity from 65,000 to 100,000 tonnes, adding about 35,000 tonnes volume at Rs. 16 crores capex with good ROCE.
- →Future polystyrene expansion from 100,000 to 150,000-170,000 tonnes under engineering study; capex expected around Rs. 150 crores.
- →ABS and SAN capacity expansion planned to add 100,000 tonnes in two phases; total capex around Rs. 500 crores, with some front-ended for quicker execution.
- →Thailand business currently has no major CAPEX planned; further investments will depend on business growth.
- →Working capital may increase if business grows, but no significant incremental capital investment is envisaged immediately.
- →Focus on capacity utilization optimization and operational efficiencies as key strategic priorities before further expansions.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Styrenix Performance Materials Ltd Q3 FY25 results?
India business volume growth guidance maintained at 15% to 20%, driven by capacity debottlenecking and expansions. Styrenix expects volume growth guidance of 15% to 20% for the India business, driven by capacity expansion and debottlenecking efforts. - Polystyrene capacity has expanded from 65,000 to 100,000 tonnes; further debottlenecking and capacity increase up to 150,000 tonnes are planned, expected to yield good ROCE despite lower polystyrene margins. - ABS expansion is planned in phases, adding 50,000 tonnes per phase; overall investment of approximately Rs.
What is Styrenix Performance Materials Ltd share price analysis?
Styrenix Performance Materials Ltd currently shows a neutral. The stock trades at a P/E of 14.0 with a market cap of ₹3,841 Cr. Investors should review the full earnings analysis for detailed insights.
Is Styrenix Performance Materials Ltd planning capital expenditure?
Polystyrene expansion: Debottlenecking increased capacity from 65,000 to 100,000 tonnes, adding about 35,000 tonnes volume at Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.