Styrenix Performance Materials Ltd

Styrenix Performance Materials Ltd

Next 500 2024
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OVERVIEW
FINANCIALS

About

Styrenix Performance Materials Limited was formerly known as INEOS Styrolution India Limited. It deals with the production of plastic resin, ABS (Absolac), and polymerised plastic resin, SAN (Absolan), in India. Its use of acrylonitrile, butadiene, and styrene for its offerings finds applications in industries like electronics, household, healthcare, packaging, automotive, and leisure. Primarily, Styrenix’s products are used for lighting, stationery, cosmetic packing, novelties, and refrigerators. The company owns and operates 4 manufacturing sites in Gujarat in Dahej, Katol, Nandesari, and Moxi. Additionally, Styrenix employs approximately 500 people within its regional offices in Mumbai, Pune, Bangalore, and Chennai, under the leadership of Rahul R. Agarwal and Vishal R. Agarwal.

Incorporation Year: 1973
Headquarters: Vadodara
Top Management: Rakesh S. Agarwal
Industry: Chemicals
Website: styrenix.com

Featured In Fortune India Ranking

Next 500 India
#158(2024)#74(2023)#62(2022)#76(2021)#3(2020)#26(2019)#70(2018)#28(2017)#239(2015)
#158(2024)#74(2023)#62(2022)#76(2021)#3(2020)#26(2019)#70(2018)#28(2017)#239(2015)
Ranking Trend Fortune Next 500 India

Financial Data 2024

Revenue
2,236
(INR Cr)
Net Operating Income
2,222
(INR Cr)
Assets
779
(INR Cr)
Profit
173
(INR Cr)
Net Worth
723
(INR Cr)

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162015201320122011201020092008
Revenue
(INR Cr)
2236
-6.7%
2396
7.3%
2232
36.7%
1634
6.5%
1535
-28.5%
2145
14.9%
1868
19.8%
1559
-2.8%
1603
-21.5%
2042
81.4%
1126
12.7%
999
16.6%
857
14.3%
750
35.7%
553
-10.3%
616
-
Net Operating Income
(INR Cr)
2222
-6.33%
2372
8.87%
2179
33.56%
1631
3.32%
1579
-24.47%
2091
10.30%
1895
27.86%
1482
-6.41%
1584
8.24%
2040
0.00%
1115
12.65%
989
19.77%
826
11.27%
742
32.77%
559
-7.43%
604
8.42%
Profit
(INR Cr)
173
-5.4%
183
-43.3%
323
15.1%
280
-
-10
-
-12
-
66
-4.4%
69
8.5%
64
237.2%
19
-62.5%
51
-20.0%
63
17.0%
54
-22.9%
70
43.0%
49
172.9%
18
-
Assets
(INR Cr)
779
0.2%
778
-16.7%
934
-8.7%
1023
17.9%
868
-3.8%
902
18.5%
762
-5.4%
805
14.9%
701
6.3%
660
13.4%
582
12.4%
517
-1.5%
525
57.2%
334
22.7%
272
18.1%
231
-
Net Worth
(INR Cr)
723
1.1%
715
-16.5%
856
-3.6%
889
45.9%
609
-2.2%
623
-3.3%
645
9.8%
587
11.5%
527
4.5%
487
0.0%
477
9.7%
435
14.5%
380
13.7%
334
22.7%
272
18.1%
231
5.9%
Employee Cost
(INR Cr)
67
-7.0%
72
-2.9%
74
5.0%
71
22.4%
58
0.6%
58
15.9%
50
-1.5%
50
-0.1%
50
-9.1%
55
92.0%
29
8.9%
27
2.9%
26
26.4%
20
16.2%
18
6.3%
17
-
Interest Cost
(INR Cr)
46815161314141124342212
Cash & Bank Balance
(INR Cr)
5724517924234640162520373363603732
Total Debt
(INR Cr)
273552982242651042091701708967131000

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162015201320122011201020092008
Profit As % Of Revenues 7.8%7.6%14.5%17.2%--3.6%4.4%4.0%0.9%4.5%6.3%6.3%9.3%8.9%2.9%
Profit As % Of Assets 22.2%23.5%34.5%27.4%--8.7%8.6%9.1%2.9%8.7%12.2%10.3%21.0%18.0%7.8%
Profit As % Of Networth 24.0%25.6%37.7%31.5%--10.3%11.8%12.1%3.9%10.6%14.5%14.2%21.0%18.0%7.8%
Interest Cost to EBITDA % 1.3%2.1%1.7%3.5%58.5%158.6%10.1%10.1%11.8%27.9%3.8%3.6%2.0%1.6%1.5%5.2%
Debt to Equity Ratio 0.040.050.060.110.370.430.160.360.320.350.190.150.34---
RONW 24.1%23.3%37.0%37.4%--10.8%12.4%12.4%3.1%11.1%15.5%15.1%23.1%19.5%8.0%
ROCE 30.4%29.5%46.1%41.3%4.5%-0.7%14.9%15.1%10.9%7.2%14.7%18.5%18.4%34.5%30.3%12.9%