Styrenix Performance Materials Ltd
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.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | 4 | 6 | 8 | 15 | 16 | 13 | 14 | 14 | 11 | 24 | 3 | 4 | 2 | 2 | 1 | 2 |
| Cash & Bank Balance (INR Cr) | 57 | 245 | 179 | 242 | 3 | 46 | 40 | 16 | 25 | 20 | 37 | 33 | 63 | 60 | 37 | 32 |
| Total Debt (INR Cr) | 27 | 35 | 52 | 98 | 224 | 265 | 104 | 209 | 170 | 170 | 89 | 67 | 131 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.04 | 0.05 | 0.06 | 0.11 | 0.37 | 0.43 | 0.16 | 0.36 | 0.32 | 0.35 | 0.19 | 0.15 | 0.34 | - | - | - |
| 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% |