Arthneeti

Jindal Poly Films Q3 FY23 Share Price & Earnings Call Analysis

₹667.90-0.24% today
Market cap
₹2,925 Cr
P/E
49.97
ROE
-0.97%
Price to sales
1.26
Debt to equity
1.31
52W high / low
₹1,008 / ₹367
Sales growth (5Y)
-6.61%
EBITDA margin
-25.48%
Net profit margin
-1.20%
Promoter holding
74.55%
Sales (last year)
₹2,339 Cr

Jindal Poly Films Limited is a part of the B.C. Jindal group. It is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET, BOPP, CPP, Thermal, Metalized and Coated Films. [1][2]

Guidance scorecard · Q3 FY23 call

What Jindal Poly Films Ltd's management guided
and where it ranks in Industrial Products

Revenue10–20%MarginsFlatCapexPlannedFundraisingPlannedOrder bookWhat management said

RevenueQ4 FY16 call

10–20%
  • The demand growth for Packaging Films and BOPP Films is robust, estimated at about 12-14% annually.
  • With the economy recovering, further growth in demand is expected.
  • New capacity expansions in India and overseas (Europe and America) are planned, including a 41,000 Tpa BOPP line in India and two 60,000 Tpa BOPP lines overseas by mid-2017.
  • Demand growth is anticipated to justify the capacity increases, with new lines coming online in gaps of about 8 months to a year.
  • The global market is growing steadily, and the company expects new capacity additions to be absorbed within two years.
  • Overseas operations focus on value-added specialty films, expected to maintain or improve operating margins with new efficient machines and debottlenecking CAPEX.

2 more points from Jindal Poly Films Ltd's call on revenue

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Full Q4 FY16 analysis

MarginsQ4 FY16 call

Flat

See what Jindal Poly Films Ltd said on margins — free account, 30 seconds.

Full Q4 FY16 analysis

CapexQ4 FY16 call

Planned
  • Jindal Poly Films has announced a total CAPEX plan of Rs. 1,000 crores.
  • In FY'16, Rs. 150 crores was spent in India and Rs. 65 crores advances paid overseas.
  • Approximately Rs. 600 crores is expected to be spent in FY'17.
  • The remaining Rs. 285 crores will be spent subsequently, with a debt-equity mix of 70:30 (equity from operation surplus).
  • Additional metallizing and coating capacities have also been commissioned in Q4FY'16.
  • No current plans for BOPET capacity expansion.

2 more points from Jindal Poly Films Ltd's call on capex

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Full Q4 FY16 analysis

FundraisingQ4 FY16 call

Planned

See what Jindal Poly Films Ltd said on fundraising — free account, 30 seconds.

Full Q4 FY16 analysis

Order bookQ4 FY16 call

  • Demand growth for Packaging Films and BOPP Films is robust at about 12-14%.
  • Capacity expansions are planned with new lines coming online with a gap of 8 months to 1 year, expected to be matched by demand growth.
  • For the international Jindal Films business, there are long-term supply agreements in place with most customers, providing a stable order book.

2 more points from Jindal Poly Films Ltd's call on the order book

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Full Q4 FY16 analysis
Full Industrial Products ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Jindal Poly Films Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Financials of Jindal Poly Films Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Jindal Poly Films Ltd

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +8878108321,0349841,0771,2331,1351,1861,420914410372
Expenses +9707848191,0081,0161,0841,1981,0681,1101,363899399449
Operating Profit-83251325-33-7356776561511-77
OPM %-9%3%2%2%-3%-1%3%6%6%4%2%3%-21%
Other Income +744199881296228124519-1011235075
Interest7625293381292712816171343329
Depreciation45435057624555424059454746
Profit before tax-129-4013323-46-1823514140-27558-18-77
Tax %-25%871%26%47%-58%2%28%17%90%-35%37%-27%25%
Net Profit +-97-3859812-19-191681174-17936-13-97
EPS in Rs-22.06-87.9022.292.78-4.44-4.3138.3826.620.94-40.878.42-2.92-22.01

Financials of Jindal Poly Films Ltd

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +5,1437,5577,2257,0056,4483,6233,5464,0825,8784,6973,9265,3353,115
Expenses +4,7206,8966,2446,3165,8213,1722,8742,9754,4434,3353,9255,0643,110
Operating Profit4226629806896274516711,1081,43536202715
OPM %8%9%14%10%10%12%19%27%24%8%0%5%0%
Other Income +-1-11379147-53873139386420478457147
Interest1269110611112150996132152173363267
Depreciation188229245285255104118145153174214223197
Profit before tax107228636385298-2415271,0401,63645591142-313
Tax %38%20%28%30%49%70%7%24%27%30%21%23%
Net Profit +67182456269152-4094897911,19631972110-253
EPS in Rs18.6041.0180.4542.7919.45-93.30111.56180.57273.1172.8316.3225.07-57.38
Dividend Payout %5%3%1%2%5%-1%1%1%2%6%34%24%

Financials of Jindal Poly Films Ltd

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital42444444444444444444444424
Reserves1,6331,7312,1722,3222,4332,2131,8112,5983,7894,1643,9514,0744,059
Borrowings +1,5601,8701,9532,0361,0361,1121,4269161,2064,0854,4684,4203,444
Other Liabilities +2,3772,1662,4982,5949261,2111,1041,2601,5351,2471,9382,2512,966
Total Liabilities5,6135,8126,6686,9964,4394,5814,3844,8186,5749,53910,40110,78910,492
Fixed Assets +2,7852,4543,0143,1091,7862,0602,3622,4662,6363,0503,2233,1322,357
CWIP1305403893161531182257792203302336
Investments2155447279011,5421,3904404801,3183,6403,8944,0933,559
Other Assets +2,4832,2742,5372,6701,0961,1001,4001,8472,5432,7573,0803,2624,242
Total Assets5,6135,8126,6686,9964,4394,5814,3844,8186,5749,53910,40110,78910,492

Financials of Jindal Poly Films Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +226145619503739499369911724-566133222
Cash from Investing Activity +-1,401-391-646-457-1,349-548-417-443-1,078-2,369-82276
Cash from Financing Activity +1,29021422-6370238277-5342592,856-44-492
Net Cash Flow115-32-5-1792-10229-66-95-7866
Free Cash Flow-1,18862961357679-105712338-1,255-64-103
CFO/OP65%42%83%94%128%128%74%105%74%-36%43,223%115%

Financials of Jindal Poly Films Ltd

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days6134373591513913193328
Inventory Days1267710311243709811492111147112
Days Payable845155682338424329204750
Cash Conversion Cycle103608478284769807611113390
Working Capital Days19242723481034461036749
ROCE %10%11%16%9%10%12%18%32%37%12%3%5%
31out of 100

Momentum score · price trend

31 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+18.8%74%
Last 6 months−8.0%43%
Last 3 months+5.5%77%

The price is 47.9% below its all-time high of ₹1,281.4 (11 Feb 2022). Stocks more than 20% below their peak have their score halved, so 62 became 31.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Jindal Poly Films Ltd: 0.4 × 74 + 0.4 × 43 + 0.2 × 77 = 62, halved to 31 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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What Jindal Poly Films Ltd's management said in earlier quarters

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