Polyplex: Specialty Focus and Resilience Through a Downcycle

The presentation describes Polyplex as an integrated and diversified manufacturer of polymeric film substrates including biaxially oriented polyethylene terephthalate, biaxially oriented polypropylene, cast polypropylene and blown polypropylene and polyethylene films, with value added downstream processing.

For FY 2025-26, the presentation reports revenue of 801 million US dollars and normalized EBITDA of 65 million US dollars, with an 8 percent normalized EBITDA margin.

For Q1 FY 2026-27, the presentation reports revenue of 238 million US dollars and normalized EBITDA of 38 million US dollars, with a 16 percent normalized EBITDA margin and a 16 percent normalized return on capital employed.

The presentation shows FY26 revenues split as thin PET 53 percent, downstream BOPP 17 percent, thick PET 14 percent, CPP or blown 4 percent, PET resin 6 percent and other 4 percent.

The company lists manufacturing in India, Thailand, Turkey, the United States and Indonesia. It also shows a FY26 geographic revenue mix as Americas 20 percent, Other Asia 19 percent, Europe 5 percent, India 31 percent and Rest of World 25 percent.

Polyplex states it completed the acquisition of a 51 percent equity stake in Polyplex DigiPrint Private Limited on April 30, 2026. The acquisition is presented as strengthening its position in digital print media substrates and supporting its value added product strategy.