Styrenix Performance Materials Limited
STYRENIX.BO
Bombay Stock Exchange2,286.10
INR
-11.10
- -
Styrenix Performance Materials Limited
STYRENIX.BO
(Bombay Stock Exchange)
Recent
price
2,286.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Styrenix Performance Materials Limited, established in 1973 and headquartered in Vadodara, India, is a prominent manufacturer and seller of engineering thermoplastics both domestically and internationally. The company specializes in styrenics, offering a diverse portfolio of products across its Specialties and Polystyrene divisions. Its key product lines include Absolac, a versatile ABS (Acrylonitrile Butadiene Styrene) resin, recognized for its impact strength and heat resistance, which finds extensive use in automotive parts like exterior components and interior fittings, as well as in household appliances, electronic housings, and office equipment. Another significant offering is Absolan, a SAN (Styrene Acrylonitrile) copolymer, prized for its excellent transparency, chemical resistance, and rigidity, widely utilized in stationery, cosmetic packaging, industrial goods, and electrical applications. Additionally, Styrenix produces various polystyrene resins, including general-purpose polystyrene (GPPS) known for its transparency in injection molding and extrusion, serving markets such as food packaging, refrigerator components, medical labware, and XPS insulation. High-impact polystyrene (HIPS) is also part of its offerings, catering to electronics, refrigerator liners, and packaging. The company’s products support a broad spectrum of industries including automotive, electronics, household consumer durables, construction, healthcare, and packaging. In January 2023, the company officially changed its name from INEOS Styrolution India Limited to Styrenix Performance Materials Limited, following its acquisition by Shiva Performance Materials Private Limited, which currently holds a significant stake. Styrenix is expanding its capacities for both ABS and PS, with planned capital expenditure over the coming years to meet growing demand and enhance its market position. The company also recently acquired INEOS Styrolution Thailand Co. Ltd. in January 2025, expanding its manufacturing footprint and market reach in Southeast Asia. Styrenix maintains manufacturing facilities in Nandesari, Moxi, Katol, and Dahej in Gujarat, India, and an R&D center in Moxi.