Overview
Ester Industries Limited manufactures polyester films, specialty polymers and rPET from three manufacturing facilities in India, exporting to 50+ countries and operating product lines spanning commodity BOPET films to high‑margin specialty polymers and recycled content products.
The company is executing a transformative strategic pivot to circularity through a 50:50 JV with Loop Industries (ELITe) to build a chemical recycling plant (~US$180–193 million capex), targeting 70,000 MT/yr of recycled chips and commercial operations in H2 CY2027, with Nike as an anchor offtaker.
Q3 & 9M FY26 results were impacted by US tariffs and Chinese dumping, producing mark‑to‑market forex hits and a consolidated 9M EBITDA of Rs.67.3 crore (6.4% margin); adjusted EBITDA would have been materially higher absent FX MTM and labour code provisioning.
Specialty Polymers is the company’s profit anchor: 46% volume growth in Q3 and 31.8% in 9M with high EBIT margins (~30%+), while rPET volumes surged ~287% YoY in Q3, signaling accelerated adoption of recycled feedstocks and product diversification benefits for Ester Industries.
- Sector
Industrial Products
- Industry
Packaging
- Market Cap
919 Cr
- Volatility
High Risk
- P/E Ratio
-27.6
- Industry P/E
31.2
- PEG Ratio
—
- P/B Ratio
1.2
- 52W High
155.55
- 52W Low
90.10
Financial Ratios
Sales CAGR
- 1Y
- 20.56%
- 3Y
- -1.21%
- 5Y
- 0.60%
- 10Y
- 2.72%
Profit CAGR
- 1Y
- 111.32%
- 3Y
- -22.72%
- 5Y
- -16.44%
- 10Y
- 27.47%
ROE
- TTM
- 0.49%
- 3Y
- 6.31%
- 5Y
- 12.02%
- 10Y
- 10.88%
ROCE
- TTM
- 5.22%
- 3Y
- 4.78%
- 5Y
- 10.83%
- 10Y
- 12.46%
Technicals
Oscillators
Bullish
Bearish
4
Neutral
4
Bullish
6
Overall
Bearish
Bearish
36
Neutral
4
Bullish
6
Moving Averages
Bearish
Bearish
32
Neutral
0
Bullish
0
Peers
| Symbol | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
161.00 | 1,219 Cr | 14.38 | 1.02 | 0.00 | 6.06 | 8.10 | 5.99 | |
66.24 | 1,033 Cr | 34.68 | 0.97 | 0.76 | 1.91 | 2.46 | 2.18 | |
94.45 | 919 Cr | -27.56 | 1.16 | 0.00 | 0.49 | 5.22 | -1.96 | |
46.50 | 616 Cr | 11.18 | 3.68 | 0.00 | 33.67 | 17.62 | 26.57 | |
153.00 | 611 Cr | 22.57 | 3.76 | 0.26 | 15.74 | 14.65 | 8.89 | |
236.45 | 581 Cr | 8.02 | 0.68 | 0.43 | 7.12 | 8.44 | 6.00 | |
6.86 | 576 Cr | 36.11 | 4.97 | 0.00 | 12.71 | 13.32 | 13.14 | |
| Median: 7 Co. | 94.45 | 616 Cr | 14.38 | 1.16 | 0.00 | 7.12 | 8.44 | 6.00 |
Price Chart Comparison
Documents
Investor Presentation
Q3 FY26
Investor Presentation
Q2 FY26
Investor Presentation
Q1 FY26
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Investor Presentation
Q4 FY25
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Investor Presentation
Q3 FY25
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Investor Presentation
Q2 FY25
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Investor Presentation
Q4 FY24
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Investor Presentation
Q3 FY24
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