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Styrenix Performance Materials Ltd

Q3 FY26Chemicals & Petrochemicals

Styrenix Performance Materials Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹2,082
Market cap₹3.8K Cr
P/E14.0
Updated23 Aug 2026
Read4 min read

The short version

Styrenix expects medium- to long-term sales growth in Thailand as customer validations complete, especially in EV, premium electronics, household appliances, and medical device segments (Page 19). Capacity expansions underway, particularly Phase 1 ABS expansion expected to start in FY 27 and ramp up in coming quarters.

From Styrenix Performance Materials Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Styrenix expects medium- to long-term sales growth in Thailand as customer validations complete, especially in EV, premium electronics, household appliances, and medical device segments (Page 19).
  • In India, volume growth is seen due to capacity expansions, such as polystyrene capacity increased from ~65,000-70,000 tons to ~100,000 tons, focused on GPPS (Page 19, 9).
  • ABS capacity expansions are underway, with management expecting to start Phase 1 ABS expansion in FY27 and aiming for higher utilization in FY28 (Page 11).
  • Despite new capacities coming up, Styrenix anticipates sufficient market demand with India remaining a net importer; volume growth opportunities therefore exist (Page 10).
  • Sales volume growth has already been observed, e.g., doubling ABS volumes since 2022 without affecting spreads (Page 15).
  • Thailand plant ramp-up is gradual due to brand validation processes; breakeven depends on product mix and capacity utilization (Page 12-13).

Profitability & Margins

See what Styrenix Performance Materials Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex for Phase 1 expansion is approximately INR 350 crores, expected to spill over FY 2026 and FY 2027.
  • Phase 1 of ABS expansion is planned to start in FY 2027, with equipment ordering and construction on track.
  • Phase 1 completion is targeted by H2 of FY 2027.
  • Phase 2 expansion will begin post Phase 1 completion, potentially in the following financial year.
  • The company plans to finance capex through internal accruals and possibly a capex loan (not yet taken).
  • No significant deviation or update on the capex timeline as of now.
  • Expansion involves increasing ABS capacity and related SAN capacity aligned with rubber capacity ramp-up.
  • Future capex investments are aligned with long-term growth and capacity utilization improvements.

Top-ranked in Chemicals & Petrochemicals

Ranked on what management guided this quarter

5x potential
1Shiv Texchem
Rev 1Mar 2
2Yasho Industries
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3
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4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Styrenix Performance Materials Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The document does not provide specific details on the current or expected orderbook or pending orders for Styrenix Performance Materials Limited. However, relevant insights include: - The company is actively working on ramping up sales and capacity utilization, especially in the Thailand plant, with a medium-to-long-term view for growth. - New capacity additions for ABS are expected, with the Phase 1 expansion targeted for completion in H2 FY '27. - Customer approvals for products like polystyrene have largely been retained (about 90%), indicating stability in existing business partnerships. - The company has ongoing efforts to secure OEM business and validations in Thailand, China, Vietnam, and Japan, aiming to improve market positioning. - No explicit quantitative data on orderbook or pending orders is mentioned in the provided pages.

Styrenix Performance Materials Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹826 Cr, net profit ₹73 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Styrenix Performance Materials Ltd Q3 FY26 results?

Styrenix expects medium- to long-term sales growth in Thailand as customer validations complete, especially in EV, premium electronics, household appliances, and medical device segments (Page 19). Capacity expansions underway, particularly Phase 1 ABS expansion expected to start in FY 27 and ramp up in coming quarters.

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?

Capex for Phase 1 expansion is approximately INR 350 crores, expected to spill over FY 2026 and FY 2027.

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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.