The PET Manufacturer That Was A Grand Slam For Investors: How Polyplex Gave 45,958% Returns
Had you invested 1 lakh in August 2000, you could have had ₹5 crores in profits today, with returns of ₹4,59,58,000 and ₹49,67,179 in dividends! Here’s a look at how Polyplex has performed over the years.
⚗️ Stock Name: Polyplex Corporation Ltd.
⚗️ NSE: $POLYPLEX
🧪 About The Company
Polyplex Corporation produces Biaxially Oriented Polyester Film. Due to its exceptional mix of optical, physical, mechanical, thermal and chemical capabilities, it is used for a wide range of applications. They have 33 years of experience in plastic films.
🌏 Domestic and Global Presence
▪️ Polyplex Corporation has multiple warehouses and liaison offices around the world and also 6 manufacturing facilities in 5 countries.
▪️ Turkey’s capacity expansion has elevated its position as the fifth-largest thin film producer globally.
🥇 Leaders in Polyester and Pricing
▪️ In addition to being utilised in lithium-ion batteries, polyester film is also used to boost battery safety, lifespan, control energy and power density which has proved to be a cash cow for the company.
▪️ The company has made a name for itself as one of the most successful PET film manufacturers because of its cost-effective operations which have minimal overheads. Because of the widespread popularity of its products, the company has regularly exported around 75% of its production.
▪️ In order to increase value additions and diversify its product line, the company recently set up a Metallizer in India. The company’s competitive position in the PET Film industry has been improved by these developments, ensuring continuous cost leadership.
▪️ They have embarked upon expansion projects across multiple product lines to have an edge in the industry.
On August 17, 2000, the shares of the company were trading at ₹5.05. It was trading at ₹2325.95 as of August 16, 2022.