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Employees: 496
Size Styrenix Performance Materials (STYRENIX.NS) is an India Materials company (Chemicals: Specialty) with a market value of $345M, the 998th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,850 on 6 Nov 2026.
Performance Over six months the shares fell 20.3%, against -25.1% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 9.7% over the last twelve months (peer median +8.5%); the operating margin is 8.9% (peer median 2.3%).
Valuation It trades at 11.9× forward earnings against a peer median of 12.9× (2nd cheapest of 10).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.4 points below its cost of capital (14.6% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹37.0B | ₹34.4B | ₹29.8B | ₹22.2B | ₹23.7B |
| Revenue growth | — | +15% | +34% | -6% | — |
| Gross profit | ₹7.66B | ₹4.16B | ₹4.52B | ₹3.28B | ₹3.60B |
| EBITDA | ₹4.50B | ₹3.50B | ₹3.62B | ₹2.74B | ₹2.90B |
| Net income | ₹2.51B | ₹1.83B | ₹2.34B | ₹1.73B | ₹1.83B |
| Free cash flow | n/a | ₹72.6M | -₹4.38B | ₹1.80B | ₹2.53B |
| Capital expenditure | n/a | ₹1.57B | ₹4.89B | ₹386M | ₹176M |
| Total debt | ₹4.66B | ₹5.48B | ₹3.97B | ₹273M | ₹351M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | STYRENIX.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.5% | -15.3% | 5th highest of 21 |
| 6-month return | -20.3% | -25.1% | 8th highest of 21 |
| Distance from 52-week high | -30.2% | -47.2% | 4th highest of 21 |
| Revenue growth (TTM) | +9.7% | +8.5% | 11th highest of 21 |
| Operating margin | 8.9% | 2.3% | 6th highest of 21 |
| Forward P/E | 11.9× | 12.9× | 2nd cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | 17.4% | 16.1% | 3rd most demanding of 8 |
| Growth delivered (Del g) | +16.1% | +4.1% | highest of 8 |
| Hurdle (Req g minus delivered) | +1.3 pp | +6.8 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | -1.4 pp | -3.8 pp | 4th highest of 20 |
| EV / EBITDA | 8.1× | 7.9× | 4th most expensive of 9 |
| Net debt / EBITDA | 0.9× | 0.7× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Styrenix Performance Materials STYRENIX.NS | India | $345M | -20% | +10% | 9% | 11.9× | 17.4% | +16.1% |
| Kiri Industries KIRIINDUS.NS | India | $345M | +16% | +11% | -25% | n/a | n/a | n/a |
| Toyo Gosei 4970.T | Japan | $346M | -55% | +16% | 12% | 12.2× | 15.9% | +9.1% |
| Gevo GEVO | United States | $344M | -24% | +121% | -30% | 30.2× | n/a | n/a |
| Wuxi Acryl Technology 603722.SS | China | $346M | -37% | +34% | -15% | 64.7× | n/a | n/a |
| Juheshun Advanced Material 605166.SS | China | $348M | -37% | -19% | 2% | 16.4× | n/a | n/a |
| Zhejiang Wanfeng Chemical 603172.SS | China | $338M | -22% | +17% | 11% | n/a | n/a | n/a |
| Chongqing Jiheng Pharmaceutical 002742.SZ | China | $354M | -26% | -48% | -20% | n/a | n/a | n/a |
| Tomoe Engineering 6309.T | Japan | $336M | +3% | +2% | 9% | 12.4× | n/a | n/a |
| Longxing Technology 002442.SZ | China | $335M | -27% | +7% | 1% | n/a | n/a | n/a |
| Henan Qingshuiyuan Technology 300437.SZ | China | $358M | -38% | +13% | -1% | n/a | 28.1% | -6.8% |
| Jiangsu HSC New Energy Materials 688353.SS | China | $332M | -35% | +153% | 39% | 12.9× | n/a | n/a |
| Stella Chemifa 4109.T | Japan | $332M | -22% | +4% | 12% | 14.7× | 6.5% | +2.3% |
| Guangdong Quanwei Technology 300716.SZ | China | $331M | +2% | +47% | -333% | n/a | n/a | n/a |
| Sakai Chemical Industry 4078.T | Japan | $362M | -16% | 0% | 8% | 11.9× | -3.4% | -0.8% |
| Anhui Annada Titanium Industry 002136.SZ | China | $327M | -33% | +12% | 2% | n/a | n/a | n/a |
| PCC Rokita Spolka Akcyjna PCR.WA | Poland | $327M | -7% | -6% | 3% | 10.2× | 16.1% | +4.1% |
| Aekyung Chemical 161000.KS | South Korea | $326M | -41% | +3% | 2% | n/a | n/a | n/a |
| Chung Hwa Chemical Industrial Works 1727.TW | Taiwan | $325M | -4% | +5% | 5% | n/a | n/a | n/a |
| Grauer & Weil India GRAUWEIL.NS | India | $367M | +9% | +10% | 13% | n/a | 29.0% | +14.6% |
| Guangdong Huiyun Titanium Industry 300891.SZ | China | $368M | -29% | +2% | 0% | n/a | 16.9% | +12.8% |