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Jindal Poly Films Ltd

₹ 399-3.52%
16 Jan 2:46 p.m. – close price
🔗jindalgroup.com•BSE: 500227•NSE: JINDALPOLY
Market Cap₹ 1,746 Cr.
Current Price₹ 399
High / Low₹ 915
Stock P/E10.0
Book Value₹ 1,415
Dividend Yield1.47 %
ROCE6.08 %
ROE4.87 %
Face Value₹ 10.0
Sales₹ 360 Cr.
OPM-30.1 %
Mar Cap₹ 1,746 Cr.

ABOUT

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]

KEY POINTS

Business Segments FY241) Packaging Films (79%):[1]The co. was the largest manufacturer of BOPET and BOPP films in India. It produced BOPET, BOPP, CPP, Thermal, Metalized, Coated and Capacitor Films. In Aug 2022, it executed a business transfer transaction where the packaging films business undertaking was sold to its subsidiary JPFL Films on a slump sale basis for Rs. ~2,400 Cr.[2]2) Non-Woven Fabrics (~14%):It produces PP-based ‘Spunmelt’ and ‘Spunbond’ Nonwoven Fabric.3) Labels Division (7%):Through its subsidiary, SMI Coated Products, the co. offers 200+ different products of self-adhesive labels.[3]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.EPL Ltd208.3516.066671.742.39106.1019.891205.9011.0217.484433.5020.48415.43104.302.569.490.32
2.AGI Greenpac672.5012.394350.911.0476.125.60601.580.4019.892652.5523.18352.1076.121.989.270.21
3.Uflex470.9010.713400.450.6426.85583.993832.03-0.047.7515281.5511.15317.2026.910.441.311.21
4.Polyplex Corpn879.4537.672760.811.5233.50-71.871794.043.177.166993.434.1073.2724.700.734.640.24
5.XPRO India1116.80193.732621.180.214.97-50.00119.91-10.507.93527.574.8113.534.973.834.600.46
6.TCPL Packaging2834.5020.702579.381.0528.33-20.89437.70-0.1820.031714.4016.28124.5728.333.819.790.97
7.Mold-Tek Pack.583.6528.921939.420.6715.489.71209.769.6512.41843.6218.7367.1815.482.896.880.33
8.Jindal Poly Film398.7510.011746.021.47-15.07-91.170.00–6.08360.50-30.06174.3717.760.293.950.00
–Median: 47 Co.148.718.81414.230.315.1719.43111.7710.2311.5380.499.618.035.171.795.140.32

Quarterly Results

Standalone figures in ₹ crores

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
1,510643134195105149140148134018717400
Expenses
1,15160714114711013213413914071751921884
Operating Profit
35836-748-51769-6-711-18-18-84
Other Income
1251,33979114208941375728624812-013141
Profit before tax
4271,3435114217586936026424122-54114-43
Tax %
25%0%21%71%26%26%6%49%25%23%111%-107%18%-65%
Net Profit
3191,3414042130648731197185-3493-15
EPS in Rs
72.80306.059.139.5429.6114.6219.977.0344.9742.20-0.570.9021.14-3.44

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2,6312,7752,6442,5832,9513,5963,5304,0755,8692,481543671360
Expenses
2,3402,4852,2642,3522,6433,1632,8772,9694,4352,046516677469
Operating Profit
2912903802313084336521,1061,43443628-6-108
Other Income
133878-115-474731313841,658496571184
Interest
58333963664795603144504510
Depreciation
9458569810210211614215087605226
Profit before tax
14023229214724-1915151,0351,6361,96341446839
Net Profit
831531959515-3534797861,1941,74131238379
EPS in Rs
19.8336.5446.4421.633.32-80.60109.31179.36272.66397.5371.2387.5018.03
Dividend Payout %
5%3%2%5%30%-1%1%1%2%1%8%7%–

Compounded Sales Growth

10 Years:-13%
5 Years:-28%
3 Years:-51%
TTM:-15%

Compounded Profit Growth

10 Years:6%
5 Years:-10%
3 Years:-36%
TTM:-58%

Stock Price CAGR

10 Years:1%
5 Years:-2%
3 Years:-18%
1 Year:-51%

Return on Equity

10 Years:14%
5 Years:16%
3 Years:9%
Last Year:5%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
42444444444444444444444444
Reserves
1,2171,4991,6831,7601,7711,4151,7582,5403,7285,4505,7436,1026,154
Borrowings
4895497511,0539861,0661,3978861,2067586816190
Other Liabilities
4734764866927541,0331,1011,2491,5312857217771,376
Total Liabilities
2,2212,5682,9643,5493,5553,5584,3004,7196,5086,5367,1897,5427,574
Fixed Assets
1,1551,1181,2761,7871,7622,0172,3222,4282,6011,0411,00793212
Gross Block
2,113.372,167.441,335.401,967.832,027.222,358.732,776.112,993.573,318.641,488.471,535.411,541.16–
Accumulated Depreciation
958.521,049.3759.86181.10265.24342.04454.24565.40717.94447.66528.07609.23–
CWIP
5180165131531182257721000
Investments
2555757468487194064244531,3123,6414,3364,6074,236
Other Assets
7617957779021,0591,1041,3721,8132,5181,8341,8452,0043,325
Total Assets
2,2212,5682,9643,5493,5553,5584,3004,7196,5086,5367,1897,5427,574

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
38083269301288455354897730-41764-34
Cash from Investing Activity
-94-264-443-194-113-511-425-436-1,106-61978164
Cash from Financing Activity
-245140165-99-15845298-533290953-146-131
Net Cash Flow
41-41-9817-11228-72-86-82-4-1

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
2520171417141391321102104
Inventory Days
625058677869951129120113147
Days Payable
46383041433741432956998
Cash Conversion Cycle
42324540524667787535146153
Working Capital Days
-11179191114103544162577422
ROCE %
13%14%14%7%10%16%21%33%37%16%7%6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
74.54%74.54%74.54%74.54%74.54%74.54%74.54%74.54%74.54%74.54%74.54%74.54%
FIIs
2.80%3.42%3.09%3.02%3.08%3.00%2.96%2.87%3.79%3.54%3.12%3.39%
DIIs
0.05%0.01%0.01%0.03%0.04%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public
22.58%22.02%22.36%22.40%22.34%22.44%22.49%22.58%21.68%21.90%22.34%22.06%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Jindal Poly Films Notifies Shareholders of Newspaper Advertisement for Postal Ballot and E-voting

11th April 2026, 10:18 pm

Safety Controls & Devices IPO Allotment Complete; Trading Set to Begin April 13

11th April 2026, 3:36 pm

Jindal Poly Films: NCLT Issues Notice on SEBI Intervention Application, Company Awaits Order Copy

11th April 2026, 2:54 am

Monet Securities Increases Stake in Jindal Poly Films to 11.40%

9th April 2026, 7:21 pm

Jindal Poly Films Ltd. Announces Corporate Office Relocation

31st March 2026, 7:59 pm

Published by Other Websites

External media mentions & references

Jindal Poly Films Faces Resumed NCLT Class Action Suit Over Governance

9th April 2026, 3:27 pm

Jindal Poly Lawsuit Hits Snag as Petitioner Exits, SEBI Probe Intensifies

9th April 2026, 2:11 pm

SEBI Steps In: Jindal Poly Films Faces ₹760 Cr Loss Allegations

9th April 2026, 1:50 pm

Stocks in Focus: KEC, NHPC, Info Edge Lead April 9 Movers

9th April 2026, 7:03 am

Nexus Sells ₹530 Cr Delhivery Stake Amidst Stock Rally

8th April 2026, 10:51 pm

News Articles

Editorial & research coverage

NCLT Admits Class Action Suit Against Jindal Poly Films Over ₹2,500 Cr Asset Sale
NCLT Admits Class Action Suit Against Jindal Poly Films Over ₹2,500 Cr Asset Sale

5th February 2026, 5:26 pm

2026 Kicks Off with Market Rollercoaster! Sensex Dips, Nifty Inches Up - See Who Won & Who Lost!
2026 Kicks Off with Market Rollercoaster! Sensex Dips, Nifty Inches Up - See Who Won & Who Lost!

1st January 2026, 4:28 pm

New Year Stock Surge Alert! Top Companies Making Waves on Jan 1st - Don't Miss Out!
New Year Stock Surge Alert! Top Companies Making Waves on Jan 1st - Don't Miss Out!

1st January 2026, 8:40 am

SEBI Alleges Jindal Poly Films Hid ₹760 Crore Losses, Moves NCLT: Investors Shocked!
SEBI Alleges Jindal Poly Films Hid ₹760 Crore Losses, Moves NCLT: Investors Shocked!

28th November 2025, 12:45 pm

India's Companies Act Powers UP! Class Action Lawsuit Against Jindal Poly Films Unleashes Minority Shareholder Might!
India's Companies Act Powers UP! Class Action Lawsuit Against Jindal Poly Films Unleashes Minority Shareholder Might!

10th November 2025, 2:59 pm

Documents

Announcements

Monthly Reporting Regarding Request Received For Re-Lodgment Of Transfer Request Of Physical Form.

1d - No re-lodgment requests received in December 2025 under SEBI special window.

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

1d - Compliance certificate under Reg.74(5) from KFin for quarter ended 31 Dec 2025 confirming demat actions performed and reporting to exchanges and depositories.

Announcement under Regulation 30 (LODR)-Newspaper Publication

2 Jan - Newspaper publication regarding unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025

Board Meeting Outcome for Outcome Of Board Meeting

1 Jan - Board approved unaudited Q2/H1 results (30 Sep 2025); auditor flagged Nashik subsidiary fire, unable to conclude consolidated review

Outcome Of Board Meeting Regarding Submission Of Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2025

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from nse)

Credit Ratings

Rating update

18 Dec from crisil

Rating update

6 Oct 2025 from crisil

Rating update

26 Aug 2025 from crisil

Rating update

27 Jun 2025 from crisil

Rating update

30 May 2025 from crisil

Rating update

8 Jan 2025 from crisil

Concalls

Feb 2023

PPT

Mar 2022

PPT

Sep 2016

PPT

Jun 2016

TranscriptPPT

Stock Analysis

Description

Jindal Poly Films Limited is a part of the B.C. Jindal group and is a leading manufacturer of BOPET and BOPP films in India, producing a range of packaging films, non-woven fabrics, and labels.

Key Growth Triggers

  1. Largest manufacturer of BOPET and BOPP films in India.
  2. Diversification into Non-Woven Fabrics and Labels Division.
  3. Business transfer of packaging films undertaking to subsidiary JPFL Films.
  4. Recent strategic moves include acquisition in Enerlite Solar Films India Limited and altering Articles of Association for promoter group veto rights.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Poor sales growth over five years, low return on equity, significant contingent liabilities (₹771 Cr), and previous auditor disclaimers due to subsidiary plant fire indicate potential operational and financial concerns.

Key Dates To Watch

  1. Past events include the 51st AGM on Sep 30, 2025, and Q1/Q2 FY25 results with auditor disclaimers. Upcoming is the postponed Q2 FY25 results announcement.

Corporate Announcements

11th Apr 26
Impact Rating: -
No description available.
11th Apr 26
Impact Rating: 7
Safety Controls & Devices IPO allotment finalized with 15.84 lakh shares at ₹80 for anchor investors. The company expects to begin trading on April 13, 2026, after receiving BSE approval, marking its public debut.
10th Apr 26
Impact Rating: 7
Jindal Poly Films Limited has received communication regarding an intervention application by SEBI before the Hon'ble NCLT. The company received advance service on March 7, 2026, and NCLT issued a notice on April 9, 2026, directing replies, though the order copy is yet to be received.
9th Apr 26
Impact Rating: 7
Monet Securities Pvt. Ltd. and its Persons Acting in Concert (PAC) acquired 14,09,536 equity shares of Jindal Poly Films Limited through open market, taking their total holding to 49,90,890 shares, representing 11.40% of voting capital.
31st Mar 26
Impact Rating: 5
Jindal Poly Films Ltd. announced the Board's approval to relocate its corporate office and books of account from Gurugram to New Delhi. The relocation is effective from April 1, 2026.