Premier Polyfilm Limited, incorporated in July 1992, was promoted by A N Goenka and A K Surekha and has emerged as a prominent manufacturer in India's specialty chemicals sector. The company is headquartered in Ghaziabad, India, and operates as an ISO: 9001-2015 certified manufacturer of Specialty Calendared Films and Sheets, which are used for various industrial and consumer applications.
The company has established itself as one of the leading manufacturers and exporters of Calendared PVC products with a comprehensive manufacturing setup. It is capable of Coating, Calendaring, Printing, Lamination, Embossing, and complete in-house testing with its own fabric manufacturing, providing end-to-end solutions for its diverse customer base.
Premier Polyfilm's business model centers around the manufacturing and sale of polyvinyl chloride (PVC) products for various industrial and consumer applications. Premier Polyfilm Limited is engaged in the manufacturing and sale of PVC films, sheets, and leather cloth.
The company's diverse product range includes Marbled (Contract) and Printed/Technical Flooring, Leather Cloth, Sheeting, Humidity Barrier, Geo Membrane, PVC Flexible Film, calendared leather cloth, PVC Geomembrane, and PVC Recycled Compounds. The company offers PVC flooring products, such as marbled flooring for heavy-duty commercial applications, safety flooring for buses and trains, antistatic and ESD flooring, and embossed/antiskid flooring for heavy-duty commercial applications, along with insulation mats. It also offers PVC leather for automotive, train, bus, bike, boat, and theater applications; PVC film and sheeting used in automotive, healthcare, and general household sectors; Walltastic vinyl wallpaper; swimming pool liners; and AQUALINING PVC Geomembrane.
The Company markets its products under the brand names, Polychallenger and Polyfloor. Their diverse product range caters to various industries, including automotive, interiors, healthcare, transport, rail, and commercial applications. They specialize in artificial leather, PVC films and sheets, PVC flooring, self-adhesive films, PVC geomembranes, swimming pool liners, and roofing sheets.
Premier Polyfilm has a Market Cap of ₹572 Crore as of May 2025, positioning it as a mid-cap company in the specialty chemicals sector. The company has demonstrated strong financial performance with good profit growth of 33.2% CAGR over the last 5 years.
For the fiscal year ended March 2025, the company reported strong annual performance. Net profit rose 26.21% to Rs 26.00 crore in the year ended March 2025, as against Rs 20.60 crore during the previous year ended March 2024. Sales rose 1.55% to Rs 264.12 crore in the year ended March 2025, as against Rs 260.09 crore during the previous year ended March 2024.
However, the fourth quarter of FY25 showed some moderation in performance. Net profit of Premier Polyfilm declined 16.57% to Rs 5.59 crore in the quarter ended March 2025, as against Rs 6.70 crore during the previous quarter ended March 2024. Sales rose 4.88% to Rs 72.18 crore in the quarter ended March 2025, as against Rs 68.82 crore during the previous quarter ended March 2024.
The company maintains healthy financial ratios across various parameters:
- Stock P/E: 22.0
- Book Value: ₹ 11.2
- Dividend Yield: 0.27%
- ROCE: 32.4%
- ROE: 24.5%
The company has maintained a strong balance sheet structure. Company has reduced debt and is almost debt-free, which provides financial flexibility for future growth initiatives.
The company has shown remarkable resilience in market performance. Over the last 5 years, revenue has grown at a yearly rate of 14.34%, versus an industry average of 7.81%. Over the last 5 years, net income has grown at a yearly rate of 35.74%, versus an industry average of 2.8%. This outperformance compared to industry averages demonstrates the company's competitive strength and effective business strategy.
Over the last 5 years, market share increased from 2.77% to 3.72%, indicating the company's ability to gain market share in a competitive landscape.
Premier Polyfilm has established a strong international presence through its export operations. The company exports its products to the CIS countries, Sri Lanka, South Africa, Burma, and Bangladesh, diversifying its revenue streams and reducing dependence on domestic markets.
Premier Polyfilm has been actively pursuing expansion opportunities. The board of Premier Polyfilm, in its meeting held on 14 October 2024, approved the purchase of industrial land for future expansion activities in the state of Tamil Nadu. This strategic move indicates the company's commitment to expanding its manufacturing capacity to meet growing demand.
Additionally, the company fixed Tuesday, 5 November 2024, as the record date for the proposed 5-for-1 stock split, making the stock more accessible to retail investors.
Premier Polyfilm Limited stands as a well-established player in India's PVC products manufacturing sector, with strong financial fundamentals, debt-free operations, and a diversified product portfolio serving multiple industries. The company's consistent growth trajectory, expansion plans, and export presence position it well for continued growth in the specialty chemicals sector.
