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Industry · 7 companies

Polymer Stocks and Companies in India

There are 7 listed Polymer stocks in India. The largest by market value are Supreme Petrochem (₹13,082 crore), Chemplast Sanmar (₹3,281 crore), Styrenix Performance Materials (₹3,169 crore), Bhansali Engineering Polymers and NOCIL, at prices of 4 November 2026. 0 of the 7 companies we track are beating the Nifty 500 on share price over recent months.

Polymer: Supreme Petrochem Ltd owns the largest revenue base AND the fastest current growth.

7Companies every listed company in this industry
₹25,600 crCombined market value all of them together
5/7Revenue growing revenue over the last 12 months up on a year earlier
0/7Beating NIFTY 500 pass the weekly momentum test: 5+ points ahead over 3 months, within 20% of the 52-week high
0 of 7 pass the weekly momentum test (5+ points ahead of the NIFTY 500 over 3 months, within 20% of the 52-week high)

The main question: the lead sits with a few companies, so how long it lasts matters more than the rank.

Start with size. Then the direction of earnings. Then the quality of the business. A share price that leads means more once those three agree.

Which are the biggest Polymer stocks in India?

The largest Polymer stocks in India by market value are Supreme Petrochem (₹13,082 crore), Styrenix Performance Materials (₹3,169 crore) and Chemplast Sanmar (₹3,281 crore), at prices of 4 Nov 2026.

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Which are the Polymer stocks, ranked?

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

  1. 1Bhansali Engineering Polymers LtdBEPL · ₹2,640 cr72.7of 100favourable · strongest on ROCE and relative strength versus sector
  2. 2Supreme Petrochem LtdSPLPETRO · ₹12,800 cr72.2of 100favourable · strongest on PEG and ROCE improvement
  3. 3Manali Petrochemicals LtdMANALIPETC · ₹1,180 cr67.6of 100favourable · strongest on profit growth and ROCE improvement
  4. 4Styrenix Performance Materials LtdSTYRENIX · ₹3,090 cr54.9of 100mixed, leaning good · strongest on PEG and own-history P/E
  5. 5Kothari Petrochemicals LtdKOTHARIPET · ₹642 cr49.9of 100mixed, leaning weak · strongest on ROCE and PEG
  6. 6NOCIL LtdNOCIL · ₹2,290 cr34.3of 100weak · strongest on PEG and profitable quarters
  7. 7Chemplast Sanmar LtdCHEMPLASTS · ₹3,000 cr23.4of 100weak · strongest on 13-week relative-strength change

Is there a Nifty Polymer index, and what is in it?

All 7 listed Indian Petrochem - Polymers companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Petrochem - Polymers index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

  1. Supreme Petrochem Ltd₹12,800 cr
  2. Styrenix Performance Materials Ltd₹3,090 cr
  3. Chemplast Sanmar Ltd₹3,000 cr
  4. Bhansali Engineering Polymers Ltd₹2,640 cr
  5. NOCIL Ltd₹2,290 cr
  6. Manali Petrochemicals Ltd₹1,180 cr
  7. Kothari Petrochemicals Ltd₹642 cr

How many Polymer companies are listed in India?

7 Polymer companies in the Petrochem - Polymers industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 7 are listed below, largest first. The largest is Supreme Petrochem (₹12,755 crore) and the smallest with a market value is Kothari Petrochemicals.

Every Petrochem - Polymers company with a page, largest first
CompanyMarket value
1. Supreme Petrochem Ltd SPLPETRO₹12,755 crore
2. Styrenix Performance Materials Ltd STYRENIX₹3,087 crore
3. Chemplast Sanmar Ltd CHEMPLASTS₹3,000 crore
4. Bhansali Engineering Polymers Ltd BEPL₹2,641 crore
5. NOCIL Ltd NOCIL₹2,290 crore
6. Manali Petrochemicals Ltd MANALIPETC₹1,176 crore
7. Kothari Petrochemicals Ltd KOTHARIPET₹642 crore

Download all 7 Polymer companies (CSV)

How have Polymer stocks moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 26% behind NIFTY 500. Earnings across its companies grew 6% on average over the last four reported quarters, close to flat.

Quiet · 1 year −9.7%

Price down, no fundamental support. 0 of 7 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Not ahead of NIFTY 500 on the three-month view this week; 2 of the 7 companies in the industry index above their 200-day average (3 fewer than four weeks earlier); 0 of those 7 pass the momentum test (4 fewer than four weeks earlier); earnings rising at 6 of the 7 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 6 of 7 members have higher trailing twelve-month earnings than a year ago.

1Y

Petrochem - Polymers against NIFTY 500

Both lines start at 200 in the first week shown

  • Polymer 174
  • NIFTY 500 184
Petrochem - Polymers against NIFTY 500
Week endingPolymerNIFTY 500
7 Nov 2025200200
14 Nov 2025196201
21 Nov 2025187201
28 Nov 2025183199
5 Dec 2025177196
12 Dec 2025176197
19 Dec 2025171200
26 Dec 2025175200
2 Jan 2026177202
9 Jan 2026164197
16 Jan 2026164191
23 Jan 2026155194
30 Jan 2026162197
6 Feb 2026166196
13 Feb 2026175196
20 Feb 2026173194
27 Feb 2026168189
6 Mar 2026158179
13 Mar 2026164179
20 Mar 2026166176
27 Mar 2026163176
3 Apr 2026167187
10 Apr 2026180192
17 Apr 2026188189
24 Apr 2026192190
1 May 2026187194
8 May 2026192189
15 May 2026186190
22 May 2026185190
29 May 2026182188
5 Jun 2026181190
12 Jun 2026181194
19 Jun 2026189194
26 Jun 2026189196
3 Jul 2026192196
10 Jul 2026189196
17 Jul 2026186192
24 Jul 2026196197
31 Jul 2026194199
7 Aug 2026194198
14 Aug 2026194197
21 Aug 2026192197
28 Aug 2026191195
4 Sep 2026199192
11 Sep 2026206192
18 Sep 2026207190
25 Sep 2026210183
2 Oct 2026198183
9 Oct 2026202187
16 Oct 2026203187
23 Oct 2026179180
30 Oct 2026174184

3Y

Petrochem - Polymers against NIFTY 500

Both lines start at 200 in the first week shown, every 2nd week shown

  • Polymer 194
  • NIFTY 500 250
Petrochem - Polymers against NIFTY 500
Week endingPolymerNIFTY 500
10 Nov 2023200200
17 Nov 2023201201
1 Dec 2023207213
15 Dec 2023215215
29 Dec 2023217221
12 Jan 2024225223
26 Jan 2024221226
9 Feb 2024221228
23 Feb 2024222229
8 Mar 2024205224
22 Mar 2024197229
5 Apr 2024220239
19 Apr 2024220237
3 May 2024222237
17 May 2024230243
31 May 2024221241
14 Jun 2024253254
28 Jun 2024261261
12 Jul 2024286265
26 Jul 2024300269
9 Aug 2024289259
23 Aug 2024302270
6 Sep 2024309269
20 Sep 2024294278
4 Oct 2024288270
18 Oct 2024288261
1 Nov 2024281263
15 Nov 2024254251
29 Nov 2024263264
13 Dec 2024285262
27 Dec 2024266256
10 Jan 2025251246
24 Jan 2025241243
7 Feb 2025246239
21 Feb 2025224233
7 Mar 2025230231
21 Mar 2025238243
4 Apr 2025223233
18 Apr 2025234254
2 May 2025226252
16 May 2025238260
30 May 2025242261
13 Jun 2025259262
27 Jun 2025264269
11 Jul 2025259268
25 Jul 2025256263
8 Aug 2025239259
22 Aug 2025247260
5 Sep 2025247264
19 Sep 2025244265
3 Oct 2025234264
17 Oct 2025232271
31 Oct 2025234270
14 Nov 2025219273
28 Nov 2025204271
12 Dec 2025197268
26 Dec 2025195273
9 Jan 2026183268
23 Jan 2026173264
6 Feb 2026186266
20 Feb 2026193265
6 Mar 2026176244
20 Mar 2026185240
3 Apr 2026187255
17 Apr 2026210258
1 May 2026209264
15 May 2026207259
29 May 2026203257
12 Jun 2026202264
26 Jun 2026211266
10 Jul 2026211267
24 Jul 2026219268
7 Aug 2026217270
21 Aug 2026215269
4 Sep 2026222261
18 Sep 2026231258
2 Oct 2026222250
16 Oct 2026226254
30 Oct 2026194250

5Y

Petrochem - Polymers against NIFTY 500

Both lines start at 200 in the first week shown, every 4th week shown

  • Polymer 212
  • NIFTY 500 283
Petrochem - Polymers against NIFTY 500
Week endingPolymerNIFTY 500
12 Nov 2021200200
3 Dec 2021186195
31 Dec 2021188199
28 Jan 2022195198
25 Feb 2022171184
25 Mar 2022197193
22 Apr 2022210191
20 May 2022185176
17 Jun 2022163169
15 Jul 2022180183
12 Aug 2022173199
9 Sep 2022182202
7 Oct 2022173192
4 Nov 2022161201
2 Dec 2022163205
30 Dec 2022163199
27 Jan 2023154192
24 Feb 2023151190
24 Mar 2023142186
21 Apr 2023153194
19 May 2023165201
16 Jun 2023177210
14 Jul 2023185219
11 Aug 2023187218
8 Sep 2023208227
6 Oct 2023204225
3 Nov 2023210223
1 Dec 2023226242
29 Dec 2023236251
26 Jan 2024241256
23 Feb 2024242259
22 Mar 2024215260
19 Apr 2024239268
17 May 2024250275
14 Jun 2024275288
12 Jul 2024312300
9 Aug 2024315293
6 Sep 2024337305
4 Oct 2024315305
1 Nov 2024306298
29 Nov 2024287299
27 Dec 2024290290
24 Jan 2025263275
21 Feb 2025245264
21 Mar 2025259275
18 Apr 2025255288
16 May 2025259294
13 Jun 2025282297
11 Jul 2025282304
8 Aug 2025261294
5 Sep 2025269299
3 Oct 2025255299
31 Oct 2025256306
28 Nov 2025223307
26 Dec 2025213309
23 Jan 2026189299
20 Feb 2026210300
20 Mar 2026202272
17 Apr 2026229292
15 May 2026226293
12 Jun 2026220300
10 Jul 2026230302
7 Aug 2026237305
4 Sep 2026242296
2 Oct 2026242283
30 Oct 2026212283

Earnings, each company rebased to 100, the sector takes the median

Latest quarter July to September 2026: 76.4, from 4 companies

Earnings, each company rebased to 100, the sector takes the median
QuarterMedian earnings index
Apr 2022100.0 (4 companies)
Jul 2022100.0 (7 companies)
Oct 202279.8 (7 companies)
Jan 202357.5 (7 companies)
Apr 202353.6 (7 companies)
Jul 202355.5 (7 companies)
Oct 202353.1 (7 companies)
Jan 202453.6 (7 companies)
Apr 202462.5 (7 companies)
Jul 202466.7 (7 companies)
Oct 202463.1 (7 companies)
Jan 202555.3 (7 companies)
Apr 202549.5 (7 companies)
Jul 202543.5 (7 companies)
Oct 202548.2 (7 companies)
Jan 202656.0 (7 companies)
Apr 202677.6 (7 companies)
Jul 202676.4 (4 companies)

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Are Polymer stocks outperforming NIFTY 500?

Petrochem - Polymers has done worse than the NIFTY 500 by 11% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.2%. Manali Petrochemicals Ltd is the strongest against the sector itself at +14.6%.

−3.2%Sector vs NIFTY 500 · 13 weeks
−11.0%Sector vs NIFTY 500 · 52 weeks
0 of 7Stocks leading NIFTY 500
3 of 7Stocks leading the sector

What is the bottom line on Polymer stocks?

Petrochem - Polymers has done worse than the NIFTY 500 by 11% over 52 weeks and by 3.2% over 13 weeks. 0 of 7 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 3 of the 6 with a long enough price history are ahead of the industry itself.

How does each Polymer stock score?

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Growth & earnings · 35% Capital efficiency · 25% Valuation · 20% Relative strength · 20%

Bhansali Engineering Polymers Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 93% evidence confidence.

Kothari Petrochemicals Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

  1. 1Bhansali Engineering Polymers LtdBEPL · fading · favourable · 93% evidence72.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.1/35 · Revenue 14.7% · PAT 32.9% · OPM change 5 pp · 100% evidenceCapital efficiency 20.6/25 · ROCE 23.8% · OPM 20% · 100% evidenceValuation 11.2/20 · P/E 11.9× · PEG 0.99 · 65% evidenceRelative strength 13.8/20 · RS sector 11.9% · RS bench 10.6% · 1Y 7.9% · 100% evidence · 10 of 12 weeks aheadExact sum: 27.1 + 20.6 + 11.2 + 13.8 = 72.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Supreme Petrochem LtdSPLPETRO · fading · favourable · 100% evidence72.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 28.9/35 · Revenue 19.7% · PAT 72.3% · OPM change 1 pp · 100% evidenceCapital efficiency 17.6/25 · ROCE 18.8% · OPM 8% · 100% evidenceValuation 12.1/20 · P/E 23.8× · PEG 0.82 · 100% evidenceRelative strength 13.6/20 · RS sector 2.5% · RS bench 1.6% · 1Y −9.6% · 100% evidence · 7 of 12 weeks aheadExact sum: 28.9 + 17.6 + 12.1 + 13.6 = 72.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  3. 3Manali Petrochemicals LtdMANALIPETC · breaking out · favourable · 89% evidence67.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 30.4/35 · Revenue 19.3% · PAT 100% · OPM change 20 pp · 88% evidenceCapital efficiency 11.3/25 · ROCE 7.3% · OPM 30% · 100% evidenceValuation 6.7/20 · P/E 9.9× · PEG 2.6 · 65% evidenceRelative strength 19.2/20 · RS sector 14.6% · RS bench 13% · 1Y −7.6% · 100% evidence · 12 of 12 weeks aheadExact sum: 30.4 + 11.3 + 6.7 + 19.2 = 67.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Styrenix Performance Materials LtdSTYRENIX · quiet · mixed, leaning good · 85% evidence54.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 16.1/35 · Revenue 9.7% · PAT 25% · OPM change −4 pp · 100% evidenceCapital efficiency 12.6/25 · ROCE 13.8% · OPM 7% · 100% evidenceValuation 18.2/20 · P/E 12.2× · PEG 0.6 · 100% evidenceRelative strength 8.0/20 · RS sector — · RS bench −12.3% · 1Y −25.9% · 25% evidence · 0 of 12 weeks aheadExact sum: 16.1 + 12.6 + 18.2 + 8 = 54.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Kothari Petrochemicals LtdKOTHARIPET · quiet · mixed, leaning weak · 96% evidence49.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 9.8/35 · Revenue −3% · PAT 12.5% · OPM change 1 pp · 88% evidenceCapital efficiency 19.6/25 · ROCE 28.6% · OPM 15% · 100% evidenceValuation 16.5/20 · P/E 8.9× · PEG 0.96 · 100% evidenceRelative strength 4.0/20 · RS sector −8.8% · RS bench −9.3% · 1Y −23.4% · 100% evidence · 4 of 12 weeks aheadExact sum: 9.8 + 19.6 + 16.5 + 4 = 49.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.
  6. 6NOCIL LtdNOCIL · quiet · weak · 100% evidence34.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 17.3/35 · Revenue 12.2% · PAT 23.8% · OPM change 1 pp · 100% evidenceCapital efficiency 6.4/25 · ROCE 3.9% · OPM 8% · 100% evidenceValuation 7.6/20 · P/E 28.1× · PEG 0.97 · 100% evidenceRelative strength 3.0/20 · RS sector −10.8% · RS bench −11.5% · 1Y −25.9% · 100% evidence · 4 of 12 weeks aheadExact sum: 17.3 + 6.4 + 7.6 + 3 = 34.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Chemplast Sanmar LtdCHEMPLASTS · turning · weak · 68% evidence23.4out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 6.8/35 · Revenue −1.2% · PAT −80% · OPM change −11.6 pp · 65% evidenceCapital efficiency 0.6/25 · ROCE 0.3% · OPM −10% · 100% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 6.0/20 · RS sector −15.1% · RS bench −14.8% · 1Y −52.4% · 100% evidence · 3 of 12 weeks aheadExact sum: 6.8 + 0.6 + 10 + 6 = 23.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
How this score is built, and what the marks mean

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

How have Polymer share prices moved?

Bhansali Engineering Polymers Ltd has the strongest one-year price move in Petrochem - Polymers at +7.9%. Manali Petrochemicals Ltd leads on relative strength against the NIFTY, at +13.0%. 3 of 7 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Petrochem - Polymers itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1Y

Price of the 5 strongest one-year movers, each started at 100

52 weekly closes

  • Bhansali Engineering 111
  • Manali Petrochemicals 99
  • Supreme Petrochem 103
  • Kothari Petrochemicals 77
  • Styrenix Performance 75
  • NIFTY 500 92
Price of the 5 strongest one-year movers, each started at 100
Week endingBhansali EngineeringManali PetrochemicalsSupreme PetrochemKothari PetrochemicalsStyrenix PerformanceNIFTY 500
7 Nov 2025100100100100100100
14 Nov 2025100999810396100
21 Nov 202596951009987101
28 Nov 20259694979289100
5 Dec 2025948995878898
12 Dec 2025938899898899
19 Dec 20259089958784100
26 Dec 20259387979384100
2 Jan 20269591989387101
9 Jan 2026908587858199
16 Jan 2026898582858295
23 Jan 2026867776828397
30 Jan 2026868588828198
6 Feb 2026898491858098
13 Feb 2026888595848398
20 Feb 20268781100868397
27 Feb 20268580109828194
6 Mar 20268275102787990
13 Mar 20268967101778690
20 Mar 2026906699788488
27 Mar 20268760115707888
3 Apr 2026916211178–94
10 Apr 20269565113878596
17 Apr 202610180118959495
24 Apr 202610477123959995
1 May 202610077115949697
8 May 202610182112999995
15 May 2026100811069910095
22 May 20269891105869595
29 May 202610087101879794
5 Jun 202610194106839495
12 Jun 202610194107849197
19 Jun 202611095114879897
26 Jun 202610392112879998
3 Jul 202610792110939898
10 Jul 202610790111929798
17 Jul 202611889105929596
24 Jul 2026127971139310498
31 Jul 20261219410899105100
7 Aug 2026129941061059699
14 Aug 20261291001101029399
21 Aug 2026131107106938999
28 Aug 2026129106106938698
4 Sep 2026133126117928796
11 Sep 2026134123124989096
18 Sep 2026135120131968895
25 Sep 2026132123134948892
2 Oct 2026129113118898792
9 Oct 2026130124120848593
16 Oct 2026134122116858893
23 Oct 2026113105108748290
30 Oct 202611199103777592
A break or a faint dotted stretch in a line is a week with no recorded close: Styrenix Performance, 3 Apr 2026.

3Y

Price of the 5 strongest one-year movers, each started at 100

156 weekly closes, every 2nd shown

  • Bhansali Engineering 120
  • Manali Petrochemicals 102
  • Supreme Petrochem 119
  • Kothari Petrochemicals 67
  • Styrenix Performance 129
  • NIFTY 500 125
Price of the 5 strongest one-year movers, each started at 100
Week endingBhansali EngineeringManali PetrochemicalsSupreme PetrochemKothari PetrochemicalsStyrenix PerformanceNIFTY 500
10 Nov 2023100100100100100100
17 Nov 2023105999996100101
1 Dec 20231049899101107107
15 Dec 20231221039795113107
29 Dec 20231131189890107111
12 Jan 20241291259891116111
26 Jan 202412111410096114113
9 Feb 202411611511087120114
23 Feb 202411110713285112114
8 Mar 2024105991197999112
22 Mar 2024998910976106115
5 Apr 202411410811884114120
19 Apr 202411711511381114118
3 May 202411311112082121118
17 May 202411211612287133121
31 May 202410612111478131120
14 Jun 202411613413083161127
28 Jun 202414613813585159131
12 Jul 2024162148152100173133
26 Jul 2024175146153109197134
9 Aug 2024160136144111194130
23 Aug 2024190136153122204135
6 Sep 2024184128154156193134
20 Sep 2024173124156135181139
4 Oct 2024165119146132182135
18 Oct 2024174108137141187131
1 Nov 2024154108134139186132
15 Nov 202413594121116175126
29 Nov 202414393126123186132
13 Dec 202416997133130222131
27 Dec 202415494118119216128
10 Jan 202513886112109213123
24 Jan 202513488104106192121
7 Feb 202513293119107189119
21 Feb 20251189210494184117
7 Mar 20251229310594195116
21 Mar 202512592111101201122
4 Apr 20251218210598198116
18 Apr 202512784112100206127
2 May 202512179114100205126
16 May 202512786122102212130
30 May 202513484126102233130
13 Jun 202513095134116244131
27 Jun 2025131101154112235135
11 Jul 2025128102143111236134
25 Jul 2025123109141104226132
8 Aug 20251259713196204130
22 Aug 2025121100140104192130
5 Sep 2025119107137103198132
19 Sep 202511910214895186132
3 Oct 20251149814987182132
17 Oct 202510810813787173136
31 Oct 202511111013288175135
14 Nov 202510810111390166137
28 Nov 20251049711380154136
12 Dec 20251019111578152134
26 Dec 20251019011381146136
9 Jan 2026978810074141134
23 Jan 202692798872143132
6 Feb 2026968710575139133
20 Feb 2026948311675144132
6 Mar 2026887711868138122
20 Mar 2026976811568145120
3 Apr 2026986412968–128
17 Apr 20261098213683164129
1 May 20261088013382167132
15 May 20261078312286173129
29 May 20261088911776169128
12 Jun 20261099712373157132
26 Jun 20261119513076172133
10 Jul 20261169312980168133
24 Jul 20261379913081181134
7 Aug 20261399612392167135
21 Aug 202614211012382154134
4 Sep 202614312913680151131
18 Sep 202614512315284153129
2 Oct 202613911613778152125
16 Oct 202614512613574152127
30 Oct 202612010211967129125
A break or a faint dotted stretch in a line is a week with no recorded close: Styrenix Performance, 3 Apr 2026.

5Y

Price of the 5 strongest one-year movers, each started at 100

260 weekly closes, every 4th shown

  • Bhansali Engineering 88
  • Manali Petrochemicals 54
  • Supreme Petrochem 202
  • Kothari Petrochemicals 189
  • Styrenix Performance 115
  • NIFTY 500 142
Price of the 5 strongest one-year movers, each started at 100
Week endingBhansali EngineeringManali PetrochemicalsSupreme PetrochemKothari PetrochemicalsStyrenix PerformanceNIFTY 500
12 Nov 2021100100100100100100
3 Dec 20219389106919198
31 Dec 2021928610411190100
28 Jan 202276891051818499
25 Feb 20227175991416992
25 Mar 202273881341656996
22 Apr 202276112–2045696
20 May 20226492–1635388
17 Jun 202257721281355184
15 Jul 202262781321395592
12 Aug 2022607412213454100
9 Sep 2022757811813558101
7 Oct 202267771141265796
4 Nov 2022616711512155101
2 Dec 2022646711611254103
30 Dec 2022596511811951100
27 Jan 202360611051115196
24 Feb 202358531131164895
24 Mar 202351491091065093
21 Apr 202356541111115197
19 May 2023755710811056100
16 Jun 2023735512213768105
14 Jul 2023785313215976110
11 Aug 2023765013218767109
8 Sep 2023795614622071113
6 Oct 2023785415621471113
3 Nov 2023735516822690112
1 Dec 2023775216728595121
29 Dec 2023846316625295125
26 Jan 20249061169270101128
23 Feb 20248257224240100130
22 Mar 2024734718421394130
19 Apr 20248661190229101134
17 May 20248362206245118137
14 Jun 20248671219234143144
12 Jul 202412079257280154150
9 Aug 202411872243311173147
6 Sep 202413668260438171152
4 Oct 202412264246372161153
1 Nov 202411458227391166149
29 Nov 202410550212345165150
27 Dec 202411450199334192145
24 Jan 20259947176297170138
21 Feb 20258749176265164132
21 Mar 20259249188284179138
18 Apr 20259445189281183144
16 May 20259446207286188147
13 Jun 20259651226325216148
11 Jul 20259455241313209152
8 Aug 20259251222269181147
5 Sep 20258857232291175149
3 Oct 20258452252244161150
31 Oct 20258259223247155153
28 Nov 20257652191225137154
26 Dec 20257448191228130155
23 Jan 20266842149202127149
20 Feb 20267044197210128150
20 Mar 20267236194192129136
17 Apr 20268144230234145146
15 May 20267944207242154147
12 Jun 20268152209205140150
10 Jul 20268650218226149151
7 Aug 202610351208259148153
4 Sep 202610669229226134148
2 Oct 202610362232219135142
30 Oct 20268854202189115142
A break or a faint dotted stretch in a line is a week with no recorded close: Supreme Petrochem, 15 Apr 2022 to 20 May 2022; Styrenix Performance, 3 Apr 2026.

The companies with the strongest one-year price moves are drawn. The NIFTY 500 line is dashed.

Biggest one-year moves

  1. 1Bhansali Engineering Polymers LtdBEPL · ₹2,640 cr+7.9%1 year
  2. 2Manali Petrochemicals LtdMANALIPETC · ₹1,180 cr−7.6%1 year
  3. 3Supreme Petrochem LtdSPLPETRO · ₹12,800 cr−9.6%1 year
  4. 4Kothari Petrochemicals LtdKOTHARIPET · ₹642 cr−23.4%1 year
  5. 5Styrenix Performance Materials LtdSTYRENIX · ₹3,090 cr−25.9%1 year

Strongest against NIFTY 500

  1. 1Manali Petrochemicals LtdMANALIPETC · ₹1,180 cr+13.0%vs NIFTY 500
  2. 2Bhansali Engineering Polymers LtdBEPL · ₹2,640 cr+10.6%vs NIFTY 500
  3. 3Supreme Petrochem LtdSPLPETRO · ₹12,800 cr+1.6%vs NIFTY 500
  4. 4Kothari Petrochemicals LtdKOTHARIPET · ₹642 cr−9.3%vs NIFTY 500
  5. 5NOCIL LtdNOCIL · ₹2,290 cr−11.5%vs NIFTY 500

Strongest against the sector itself

  1. 1Manali Petrochemicals LtdMANALIPETC · ₹1,180 cr+14.6%vs sector
  2. 2Bhansali Engineering Polymers LtdBEPL · ₹2,640 cr+11.9%vs sector
  3. 3Supreme Petrochem LtdSPLPETRO · ₹12,800 cr+2.5%vs sector
  4. 4Kothari Petrochemicals LtdKOTHARIPET · ₹642 cr−8.8%vs sector
  5. 5NOCIL LtdNOCIL · ₹2,290 cr−10.8%vs sector

What did Polymer managements say about July to September 2026?

3 of 7 Petrochem - Polymers companies held a results call for July to September 2026. NOCIL guided: Full-year revenue toward upper end of ₹1,400-1,600 crore.

NOCIL call 30 October 2026

“You are right; there is some conservatism, given the fact that typically, from one quarter to the other, the environment is also evolving. There is some conservatism, but we will strive to achieve more. That is for sure.”V.S. Anand

Guided: Full-year revenue toward upper end of ₹1,400-1,600 crore.

Styrenix Performance Materials call 29 October 2026

“I would say that it would be wise to assume that performance in Thailand would remain consistent with what it was last year over the course of the next 2 years”Rahul Agrawal

Guided: Phase 1 expansion to come on stream by end FY27 with three plants synchronized.

Supreme Petrochem call 27 October 2026

“I do not have a crystal ball with me right now. In this changing global environment and under the current geopolitical conditions, it is very difficult to project.”Rakesh Nayar, Executive Director & CFO

Guided: FY27 sales volume expected above last year if conditions normalize after US midterm elections.

From the results calls for July to September 2026.

Is money moving into Polymer stocks? Who is adding capacity?

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

  • Spending on new plants and equipment was ₹987 crore in the last 12 months, 1% more than a year before.
  • Projects still being built grew 149% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 7 Petrochem - Polymers companies, in percentage points.

Ownership and spending as of 10 October 2026.

What is changing in Polymer stocks?

This is the written read behind the Petrochem - Polymers figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 19 Apr 2026, so the words are older than the numbers. 5 themes are live here, 3 of them rated high severity.

The sector is in a transitional phase, battling severe cyclical headwinds through structural pivots. While base commodity chemicals suffer from dumping and margin compression, players shifting toward value-added products and niche capacities are thriving.

The Petrochem - Polymers sector is navigating a highly volatile environment characterized by severe pricing pressure, import dumping, and sluggish top-line growth. Demand signals are fragmented, with KOTHARIPET reporting weak demand, NOCIL seeing mixed signals, and CHEMPLASTS noting an improving trend post a challenging quarter.

How old this read is: OLD: this read comes from our Petrochem - Polymers sector brief dated 19 Apr 2026, about 7 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Live theme, Severity, Evidence on file
Live themeSeverityEvidence on file
Middle East conflict causing gas supply disruptions and US tariff issues dampening international volumes.Named for Kothari Petrochemicals, NOCILhigh“However, volumes in the international markets were dampened due to the seasonal effect and U.S. tariff issues.” Monitoring tariff revisions; expecting volume recovery in 2-3 months.
Sharp fall in import parity prices, inventory destocking, and oversupply from China.Named for Chemplast Sanmar, Kothari Petrochemicals, NOCILhigh“On the Paste PVC side, we saw continued pricing pressure from imports originating from the European Union.” Focusing on cost management and product mix optimization.
Intensified dumping pressure and non-implementation of anti-dumping duties by the Ministry of Finance.Named for Chemplast Sanmar, NOCILhigh“antidumping duty recommended by the Director General of Trade Remedies not being accepted by the Ministry of Finance.” Filed anti-dumping petitions; investigations are underway with findings expected in 1.5-2 months.
Feedstock ships unable to berth due to rough seas.Named for Chemplast Sanmarmedium“weather-related production disruptions caused by inability of feedstock ships to berth due to unusually rough seas during this year's Northeast monsoon” Not explained on call.
One-time impact from new labour codes.Named for Chemplast Sanmarlow“the company incurred a onetime impact of INR 2.68 crores due to the implementation of the new labour codes.” One-time hit already accounted for.

Sources: our Petrochem - Polymers sector brief, 19 Apr 2026 · company earnings-call transcripts.

Which Polymer companies have the most revenue, and which grow fastest?

Supreme Petrochem Ltd has the highest Revenue among the 7 Petrochem - Polymers companies compared here, at ₹6,502 crore. Chemplast Sanmar Ltd is next at ₹4,249 crore. The same company also has the highest Revenue growth, at 19.7%. 7 of 7 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Supreme Petrochem Ltd is the largest at ₹6,502 crore, 53% ahead of Chemplast Sanmar Ltd. Supreme Petrochem Ltd's growth is 19.7% from a ₹6,502 crore base, with 20 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

Supreme Petrochem Ltd · ₹6,502 croreLeader
53% versus #2 · Chemplast Sanmar LtdGap
4/8 recent comparable periodsPersistence
7/7 companies · 137 observationsCoverage

What this means: Supreme Petrochem Ltd is both the largest and the fastest-growing company here; the growth has to turn into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Supreme Petrochem Ltd's revenue growth slows for two consecutive comparable reports while its operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue, by reported quarter

  • Supreme Petrochem ₹1,960 cr
  • Chemplast Sanmar ₹1,130 cr
  • Styrenix Performance Materials ₹994 cr
  • Bhansali Engineering Polymers ₹403 cr
  • NOCIL ₹427 cr
Revenue, by reported quarter
QuarterSupreme PetrochemChemplast SanmarStyrenix Performance MaterialsBhansali Engineering PolymersNOCIL
Dec 2021₹1,300 cr₹1,450 cr₹512 cr₹342 cr₹389 cr
Mar 2022₹1,500 cr₹1,810 cr₹624 cr₹446 cr₹463 cr
Jun 2022₹1,490 cr₹1,410 cr₹650 cr₹337 cr₹509 cr
Sep 2022₹1,240 cr₹1,190 cr₹550 cr₹358 cr₹389 cr
Dec 2022₹1,180 cr₹1,190 cr₹557 cr₹339 cr₹326 cr
Mar 2023₹1,380 cr₹1,150 cr₹615 cr₹328 cr₹393 cr
Jun 2023₹1,230 cr₹996 cr₹544 cr₹294 cr₹397 cr
Sep 2023₹1,280 cr₹988 cr₹595 cr₹314 cr₹351 cr
Dec 2023₹1,190 cr₹888 cr₹485 cr₹292 cr₹341 cr
Mar 2024₹1,560 cr₹1,050 cr₹599 cr₹321 cr₹356 cr
Jun 2024₹1,570 cr₹1,150 cr₹699 cr₹340 cr₹372 cr
Sep 2024₹1,510 cr₹993 cr₹653 cr₹367 cr₹363 cr
Dec 2024₹1,410 cr₹1,060 cr₹691 cr₹346 cr₹318 cr
Mar 2025₹1,540 cr₹1,150 cr₹940 cr₹345 cr₹340 cr
Jun 2025₹1,390 cr₹1,100 cr₹944 cr₹308 cr₹336 cr
Sep 2025₹1,100 cr₹1,030 cr₹799 cr₹325 cr₹321 cr
Dec 2025₹1,270 cr₹835 cr₹869 cr₹301 cr₹316 cr
Mar 2026₹1,590 cr₹1,260 cr₹826 cr₹342 cr₹330 cr
Jun 2026₹1,690 cr₹1,130 cr₹1,010 cr₹472 cr₹403 cr
Sep 2026₹1,960 cr—₹994 cr₹403 cr₹427 cr

Revenue growth, by reported quarter

  • Supreme Petrochem 78%
  • Chemplast Sanmar 2.3%
  • Styrenix Performance Materials 24%
  • Bhansali Engineering Polymers 24%
  • NOCIL 33%
Revenue growth, by reported quarter
QuarterSupreme PetrochemChemplast SanmarStyrenix Performance MaterialsBhansali Engineering PolymersNOCIL
Dec 2021—————
Mar 2022—————
Jun 202242%47%43%—48%
Sep 20223.7%−29%−6.5%−4.5%3.7%
Dec 2022−9.0%−18%8.8%−0.9%−16%
Mar 2023−7.4%−37%−1.4%−26%−15%
Jun 2023−18%−29%−16%−13%−22%
Sep 20233.5%−17%8.2%−12%−9.8%
Dec 20230.7%−25%−13%−14%4.7%
Mar 202413%−8.4%−2.6%−2.1%−9.4%
Jun 202428%15%28%16%−6.3%
Sep 202418%0.5%9.8%17%3.4%
Dec 202418%19%42%18%−6.7%
Mar 2025−1.5%9.5%57%7.5%−4.5%
Jun 2025−12%−3.9%35%−9.4%−9.7%
Sep 2025−27%4.0%22%−11%−12%
Dec 2025−10.0%−21%26%−13%−0.6%
Mar 20263.1%9.1%−12%−0.9%−2.9%
Jun 202622%2.3%7.1%53%20%
Sep 202678%—24%24%33%

7 of 7 companies report revenue, 7 of 7 revenue growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented.

Revenue · largest

  1. 1Supreme Petrochem LtdSPLPETRO₹6,500 cr
  2. 2Chemplast Sanmar LtdCHEMPLASTS₹4,250 cr
  3. 3Styrenix Performance Materials LtdSTYRENIX₹3,700 cr
  4. 4Bhansali Engineering Polymers LtdBEPL₹1,520 cr
  5. 5NOCIL LtdNOCIL₹1,480 cr

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue, every company
CompanyRevenueRevenue growthReported
Supreme Petrochem Ltd SPLPETRO₹1,960 cr78%Sep 2026
Chemplast Sanmar Ltd CHEMPLASTS₹1,130 cr2.3%Jun 2026
Styrenix Performance Materials Ltd STYRENIX₹994 cr24%Sep 2026
NOCIL Ltd NOCIL₹427 cr33%Sep 2026
Bhansali Engineering Polymers Ltd BEPL₹403 cr24%Sep 2026
Manali Petrochemicals Ltd MANALIPETC₹275 cr17%Jun 2026
Kothari Petrochemicals Ltd KOTHARIPET₹146 cr−9.3%Jun 2026

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

What to watch

Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.

Which Polymer companies keep the most from each ₹100 of sales?

Manali Petrochemicals Ltd has the highest OPM among the 7 Petrochem - Polymers companies compared here, at 30%. Bhansali Engineering Polymers Ltd is next at 20%. The same company also has the highest Margin change, at +20 percentage points. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Manali Petrochemicals Ltd leads both opm at 30% and margin change at +20 percentage points.

Manali Petrochemicals Ltd · 30%Leader
50% versus #2 · Bhansali Engineering Polymers LtdGap
5/8 recent comparable periodsPersistence
7/7 companies · 137 observationsCoverage

What this means: Manali Petrochemicals Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM, by reported quarter

  • Manali Petrochemicals 30%
  • Bhansali Engineering Polymers 20%
  • Kothari Petrochemicals 15%
  • NOCIL 8.0%
  • Supreme Petrochem 8.0%
OPM, by reported quarter
QuarterManali PetrochemicalsBhansali Engineering PolymersKothari PetrochemicalsNOCILSupreme Petrochem
Dec 202131%29%13%13%17%
Mar 202225%23%10%24%21%
Jun 202216%18%5.7%20%17%
Sep 20226.2%15%11%16%6.4%
Dec 20222.0%12%14%12%10%
Mar 20231.8%7.0%14%13%15%
Jun 20232.5%19%15%14%7.4%
Sep 20235.0%18%17%13%8.0%
Dec 20232.5%16%16%14%8.0%
Mar 20247.0%16%15%13%11%
Jun 20249.0%18%13%11%10%
Sep 20241.7%14%14%10%8.0%
Dec 20246.0%15%14%8.0%7.0%
Mar 20259.0%14%15%10%9.0%
Jun 202510%17%14%9.0%8.0%
Sep 20258.0%15%17%7.0%7.0%
Dec 20256.0%17%19%8.0%5.0%
Mar 20269.0%19%16%6.0%16%
Jun 202630%17%15%11%20%
Sep 2026—20%—8.0%8.0%

Margin change, by reported quarter

  • Manali Petrochemicals +20.0 pp
  • Bhansali Engineering Polymers +5.0 pp
  • Kothari Petrochemicals +1.0 pp
  • NOCIL +1.0 pp
  • Supreme Petrochem +1.0 pp
Margin change, by reported quarter
QuarterManali PetrochemicalsBhansali Engineering PolymersKothari PetrochemicalsNOCILSupreme Petrochem
Dec 2021−5.4 pp−16.1 pp−5.4 pp−0.8 pp−8.5 pp
Mar 2022−9.5 pp−23.7 pp−3.6 pp+7.8 pp−4.4 pp
Jun 2022−18.7 pp−25.6 pp−8.5 pp−1.1 pp−1.9 pp
Sep 2022−30.3 pp−28.8 pp−5.5 pp+2.5 pp−8.4 pp
Dec 2022−29.0 pp−16.6 pp+1.3 pp−1.5 pp−7.2 pp
Mar 2023−23.1 pp−15.7 pp+4.0 pp−11.1 pp−5.5 pp
Jun 2023−13.1 pp+1.1 pp+9.3 pp−6.3 pp−9.6 pp
Sep 2023−1.2 pp+3.2 pp+6.4 pp−2.9 pp+1.6 pp
Dec 2023+0.5 pp+4.0 pp+2.0 pp+2.5 pp−2.1 pp
Mar 2024+5.2 pp+9.0 pp+1.0 pp0.0 pp−4.0 pp
Jun 2024+6.5 pp−1.0 pp−2.0 pp−3.0 pp+2.6 pp
Sep 2024−3.3 pp−4.0 pp−3.0 pp−3.0 pp0.0 pp
Dec 2024+3.5 pp−1.0 pp−2.0 pp−6.0 pp−1.0 pp
Mar 2025+2.0 pp−2.0 pp0.0 pp−3.0 pp−2.0 pp
Jun 2025+1.0 pp−1.0 pp+1.0 pp−2.0 pp−2.0 pp
Sep 2025+6.3 pp+1.0 pp+3.0 pp−3.0 pp−1.0 pp
Dec 20250.0 pp+2.0 pp+5.0 pp0.0 pp−2.0 pp
Mar 20260.0 pp+5.0 pp+1.0 pp−4.0 pp+7.0 pp
Jun 2026+20.0 pp0.0 pp+1.0 pp+2.0 pp+12.0 pp
Sep 2026—+5.0 pp—+1.0 pp+1.0 pp

7 of 7 companies report OPM, 7 of 7 margin change.

OPM · highest

Margin change · fastest expanders

  1. 1Manali Petrochemicals LtdMANALIPETC+20.0 pp
  2. 2Bhansali Engineering Polymers LtdBEPL+5.0 pp
  3. 3Kothari Petrochemicals LtdKOTHARIPET+1.0 pp
  4. 4NOCIL LtdNOCIL+1.0 pp
  5. 5Supreme Petrochem LtdSPLPETRO+1.0 pp

All-company data · latest reported quarter

Operating margin, every company
CompanyOPMMargin changeReported
Manali Petrochemicals Ltd MANALIPETC30%+20.0 ppJun 2026
Bhansali Engineering Polymers Ltd BEPL20%+5.0 ppSep 2026
Kothari Petrochemicals Ltd KOTHARIPET15%+1.0 ppJun 2026
Supreme Petrochem Ltd SPLPETRO8.0%+1.0 ppSep 2026
NOCIL Ltd NOCIL8.0%+1.0 ppSep 2026
Styrenix Performance Materials Ltd STYRENIX7.0%−4.0 ppSep 2026
Chemplast Sanmar Ltd CHEMPLASTS−10%−11.6 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current margin change rather than reversing it.

Which Polymer companies earn the most profit?

Supreme Petrochem Ltd has the highest Net profit among the 7 Petrochem - Polymers companies compared here, at ₹529 crore. Styrenix Performance Materials Ltd is next at ₹250 crore. Manali Petrochemicals Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Supreme Petrochem Ltd earns the most, ₹529 crore of profit over the last 12 months, 111.6% above Styrenix Performance Materials Ltd. Manali Petrochemicals Ltd shows at least 100% on the scoring scale (496.7% in full) growth from a profit base of ₹179 crore. A fast rate from a small base matters less than a large profit that keeps coming.

Supreme Petrochem Ltd · ₹529 croreLeader
111.6% versus #2 · Styrenix Performance Materials LtdGap
4/8 recent comparable periodsPersistence
7/7 companies · 137 observationsCoverage

What this means: Supreme Petrochem Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit, by reported quarter

  • Supreme Petrochem ₹95 cr
  • Styrenix Performance Materials ₹23 cr
  • Bhansali Engineering Polymers ₹62 cr
  • Manali Petrochemicals ₹64 cr
  • NOCIL ₹24 cr
Net profit, by reported quarter
QuarterSupreme PetrochemStyrenix Performance MaterialsBhansali Engineering PolymersManali PetrochemicalsNOCIL
Dec 2021₹165 cr₹47 cr₹76 cr₹110 cr₹30 cr
Mar 2022₹225 cr₹99 cr₹73 cr₹74 cr₹69 cr
Jun 2022₹189 cr₹87 cr₹48 cr₹36 cr₹66 cr
Sep 2022₹60 cr₹24 cr₹41 cr₹12 cr₹36 cr
Dec 2022₹90 cr₹30 cr₹34 cr₹3 cr₹18.6 cr
Mar 2023₹160 cr₹42 cr₹14 cr₹0 cr₹28 cr
Jun 2023₹69 cr₹32 cr₹51 cr₹4 cr₹34 cr
Sep 2023₹78 cr₹56 cr₹48 cr₹11 cr₹27 cr
Dec 2023₹68 cr₹35 cr₹40 cr₹3 cr₹30 cr
Mar 2024₹132 cr₹49 cr₹40 cr₹1 cr₹42 cr
Jun 2024₹122 cr₹61 cr₹53 cr₹13 cr₹27 cr
Sep 2024₹90 cr₹70 cr₹46 cr₹0 cr₹42 cr
Dec 2024₹71 cr₹48 cr₹41 cr₹5 cr₹13 cr
Mar 2025₹107 cr₹55 cr₹40 cr₹11 cr₹21 cr
Jun 2025₹81 cr₹52 cr₹46 cr₹14 cr₹17 cr
Sep 2025₹48 cr₹45 cr₹40 cr₹18 cr₹12 cr
Dec 2025₹30 cr₹16 cr₹42 cr₹68 cr₹9 cr
Mar 2026₹168 cr₹73 cr₹52 cr₹29 cr₹17 cr
Jun 2026₹236 cr₹138 cr₹66 cr₹64 cr₹28 cr
Sep 2026₹95 cr₹23 cr₹62 cr—₹24 cr

Profit growth, by reported quarter

  • Supreme Petrochem 98%
  • Styrenix Performance Materials −49%
  • Bhansali Engineering Polymers 55%
  • Manali Petrochemicals 357%
  • NOCIL 100%
Profit growth, by reported quarter
QuarterSupreme PetrochemStyrenix Performance MaterialsBhansali Engineering PolymersManali PetrochemicalsNOCIL
Dec 2021—————
Mar 2022—————
Jun 202229%1.2%——40%
Sep 2022−53%−73%−67%−90%20%
Dec 2022−45%−36%−55%−97%−38%
Mar 2023−29%−58%−81%−100%−59%
Jun 2023−63%−63%6.3%−89%−48%
Sep 202330%133%17%−8.3%−25%
Dec 2023−24%17%18%0.0%61%
Mar 2024−18%17%186%—50%
Jun 202477%91%3.9%225%−21%
Sep 202415%25%−4.2%−100%56%
Dec 20244.4%37%2.5%67%−57%
Mar 2025−19%12%0.0%1,000%−50%
Jun 2025−34%−15%−13%7.7%−37%
Sep 2025−47%−36%−13%—−71%
Dec 2025−58%−67%2.4%1,260%−31%
Mar 202657%33%30%164%−19%
Jun 2026191%165%43%357%65%
Sep 202698%−49%55%—100%

7 of 7 companies report net profit, 6 of 7 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Net profit · largest

  1. 1Supreme Petrochem LtdSPLPETRO₹529 cr
  2. 2Styrenix Performance Materials LtdSTYRENIX₹250 cr
  3. 3Bhansali Engineering Polymers LtdBEPL₹222 cr
  4. 4Manali Petrochemicals LtdMANALIPETC₹179 cr
  5. 5NOCIL LtdNOCIL₹78 cr

Profit growth · fastest growers

All-company data · latest reported quarter

Net profit, every company
CompanyNet profitProfit growthReported
Supreme Petrochem Ltd SPLPETRO₹95 cr98%Sep 2026
Manali Petrochemicals Ltd MANALIPETC₹64 cr357%Jun 2026
Bhansali Engineering Polymers Ltd BEPL₹62 cr55%Sep 2026
NOCIL Ltd NOCIL₹24 cr100%Sep 2026
Styrenix Performance Materials Ltd STYRENIX₹23 cr−49%Sep 2026
Kothari Petrochemicals Ltd KOTHARIPET₹17 cr−5.6%Jun 2026
Chemplast Sanmar Ltd CHEMPLASTS−₹176 cr−367%Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.

Which Polymer companies earn the best return on capital?

Kothari Petrochemicals Ltd has the highest ROCE among the 7 Petrochem - Polymers companies compared here, at 28.6%. Bhansali Engineering Polymers Ltd is next at 23.8%. Manali Petrochemicals Ltd has the highest ROCE change at +12.9 percentage points, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Kothari Petrochemicals Ltd leads ROCE at 28.6%, 4.8 percentage points above Bhansali Engineering Polymers Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

Kothari Petrochemicals Ltd · 28.6%Leader
20.2% versus #2 · Bhansali Engineering Polymers LtdGap
1/8 recent comparable periodsPersistence
7/7 companies · 107 observationsCoverage

What this means: Kothari Petrochemicals Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

ROCE, by reported quarter

  • Kothari Petrochemicals 27%
  • Bhansali Engineering Polymers 23%
  • Supreme Petrochem 27%
  • Styrenix Performance Materials 17%
  • Manali Petrochemicals 18%
ROCE, by reported quarter
QuarterKothari PetrochemicalsBhansali Engineering PolymersSupreme PetrochemStyrenix Performance MaterialsManali Petrochemicals
Dec 2021—————
Mar 202226%45%55%50%46%
Jun 2022—————
Sep 202218%29%49%44%28%
Dec 2022—————
Mar 202324%15%33%30%4.6%
Jun 2023—————
Sep 202336%18%25%26%0.4%
Dec 202342%22%——3.2%
Mar 202434%22%19%29%2.1%
Jun 202438%24%27%35%4.9%
Sep 202427%20%22%33%2.2%
Dec 202433%26%27%37%4.0%
Mar 202523%20%19%18%2.7%
Jun 202529%24%21%24%4.8%
Sep 202524%18%15%15%3.9%
Dec 202529%22%16%16%12%
Mar 202624%19%18%12%3.5%
Jun 202627%26%27%20%18%
Sep 2026—23%27%17%—

ROCE change, by reported quarter

  • Kothari Petrochemicals −2.3 pp
  • Bhansali Engineering Polymers +4.4 pp
  • Supreme Petrochem +11.7 pp
  • Styrenix Performance Materials +2.4 pp
  • Manali Petrochemicals +12.9 pp
ROCE change, by reported quarter
QuarterKothari PetrochemicalsBhansali Engineering PolymersSupreme PetrochemStyrenix Performance MaterialsManali Petrochemicals
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022—————
Mar 2023−2.1 pp−30.0 pp−21.9 pp−19.4 pp−41.5 pp
Jun 2023—————
Sep 2023+17.3 pp−10.3 pp−24.1 pp−18.0 pp−27.2 pp
Dec 2023—————
Mar 2024+10.5 pp+6.1 pp−14.6 pp−1.3 pp−2.5 pp
Jun 2024—————
Sep 2024−8.4 pp+2.0 pp−3.1 pp+7.0 pp+1.8 pp
Dec 2024−9.0 pp+4.2 pp——+0.8 pp
Mar 2025−11.3 pp−1.4 pp+0.5 pp−11.6 pp+0.6 pp
Jun 2025−9.3 pp−0.4 pp−5.9 pp−10.9 pp−0.1 pp
Sep 2025−3.6 pp−2.1 pp−6.7 pp−18.2 pp+1.7 pp
Dec 2025−3.4 pp−3.6 pp−11.1 pp−20.4 pp+7.7 pp
Mar 2026+0.5 pp−1.2 pp−1.7 pp−5.3 pp+0.8 pp
Jun 2026−2.3 pp+2.1 pp+5.7 pp−4.1 pp+12.9 pp
Sep 2026—+4.4 pp+11.7 pp+2.4 pp—

7 of 7 companies report ROCE, 7 of 7 ROCE change.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Return on capital, every company
CompanyROCEROCE changeReported
Supreme Petrochem Ltd SPLPETRO27%+11.7 ppSep 2026
Kothari Petrochemicals Ltd KOTHARIPET27%−2.3 ppJun 2026
Bhansali Engineering Polymers Ltd BEPL23%+4.4 ppSep 2026
Manali Petrochemicals Ltd MANALIPETC18%+12.9 ppJun 2026
Styrenix Performance Materials Ltd STYRENIX17%+2.4 ppSep 2026
NOCIL Ltd NOCIL4.1%+1.0 ppSep 2026
Chemplast Sanmar Ltd CHEMPLASTS−7.9%−6.5 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roce change rather than reversing it.

How are Polymer stocks valued against growth and quality?

Styrenix Performance Materials Ltd has the lowest PEG among the 7 Petrochem - Polymers companies compared here, at 0.6×. Supreme Petrochem Ltd is next at 0.82×. Kothari Petrochemicals Ltd has the lowest P/E at 8.9×, so level and change sit with different companies. 6 of 7 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Styrenix Performance Materials Ltd has the lowest comparable PEG at 0.6×, 26.8% below Supreme Petrochem Ltd. That would need today's multiple, the company's own history and steady growth to agree.

Styrenix Performance Materials Ltd · 0.6×Leader
26.8% versus #2 · Supreme Petrochem LtdGap
0/8 recent comparable periodsPersistence
6/7 companies · 24 observationsCoverage

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG, by reported quarter

  • Styrenix Performance Materials 0.6
  • Supreme Petrochem 0.8
  • Kothari Petrochemicals 1.0
  • NOCIL 1.0
  • Bhansali Engineering Polymers 1.0
PEG, by reported quarter
QuarterStyrenix Performance MaterialsSupreme PetrochemKothari PetrochemicalsNOCILBhansali Engineering Polymers
Dec 2021—————
Mar 2022—————
Jun 2022—0.30.3——
Sep 2022———0.4—
Dec 2022———0.4—
Mar 2023—————
Jun 2023—————
Sep 2023—————
Dec 2023—————
Mar 2024—————
Jun 2024————0.6
Sep 2024——0.75.10.7
Dec 2024——2.31.00.8
Mar 2025————0.8
Jun 20250.73.3———
Sep 20251.7————
Dec 2025—————
Mar 2026——0.6——
Jun 2026——1.0——
Sep 20260.60.8——1.0

P/E, by reported quarter

  • Styrenix Performance Materials 13.3×
  • Supreme Petrochem 33.1×
  • Kothari Petrochemicals 10.0×
  • NOCIL 42.9×
  • Bhansali Engineering Polymers 15.7×
P/E, by reported quarter
QuarterStyrenix Performance MaterialsSupreme PetrochemKothari PetrochemicalsNOCILBhansali Engineering Polymers
Dec 20216.3×9.8×11.7×28.3×5.5×
Mar 20225.3×12.7×16.8×24.9×4.9×
Jun 20224.2×12.3×13.5×24.3×4.9×
Sep 20226.0×10.1×14.2×21.6×6.0×
Dec 20225.7×11.6×14.4×19.3×7.5×
Mar 20236.9×12.3×10.2×18.1×8.3×
Jun 202314.6×17.7×11.5×24.7×16.0×
Sep 202311.8×23.8×13.7×32.5×15.7×
Dec 202315.3×26.5×14.1×42.0×17.2×
Mar 202414.6×31.4×11.6×34.8×14.5×
Jun 202421.8×44.4×12.7×34.6×18.0×
Sep 202420.9×41.2×19.9×38.1×20.8×
Dec 202423.9×30.6×17.3×28.9×18.9×
Mar 202521.0×28.5×14.5×23.6×15.0×
Jun 202523.9×44.8×16.2×31.6×16.1×
Sep 202518.7×46.8×13.1×31.8×14.8×
Dec 202517.5×39.2×11.7×41.4×13.4×
Mar 202619.0×52.3×8.1×41.9×12.4×
Jun 202621.9×42.9×10.0×51.4×13.7×
Sep 202613.3×33.1×—42.9×15.7×

6 of 7 companies report PEG, 6 of 7 P/E.

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Valuation, every company
CompanyPEGP/EReported
Manali Petrochemicals Ltd MANALIPETC2.615.9×Jun 2026
Bhansali Engineering Polymers Ltd BEPL1.015.7×Sep 2026
NOCIL Ltd NOCIL1.042.9×Sep 2026
Kothari Petrochemicals Ltd KOTHARIPET1.010.0×Jun 2026
Supreme Petrochem Ltd SPLPETRO0.833.1×Sep 2026
Styrenix Performance Materials Ltd STYRENIX0.613.3×Sep 2026
Chemplast Sanmar Ltd CHEMPLASTS—−119.5×Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current p/e rather than reversing it.

Which stock lists do Polymer companies appear on?

Petrochem - Polymers companies show up on 7 of our India lists. The most are on the dividend stocks list (3 companies).

What can make this comparison misleading?

This Petrochem - Polymers comparison names 4 specific ways its own evidence can mislead, all listed below. All 7 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.

Keep these limits visible

  • A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
  • The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

How was this comparison built?

This comparison is built from the reported filings of 7 Petrochem - Polymers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

FundamentalsThrough Sep 2026 · up to 20 quarters per company
Market dataThrough 30 October 2026 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and old evidence lowers confidence and pulls the 0 to 100 score toward the middle.
Source standing7 cross-checked · 0 unverified · 0 withheld, of 7 graded companies.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree, the figures are simply used. Where there is too little shared history to compare, the figures are still drawn, they are the only evidence there is, and marked unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

What else do people ask about Polymer stocks?

These 24 answers restate the Petrochem - Polymers comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.

Is the Polymer sector outperforming NIFTY 500?

Petrochem - Polymers has done worse than the NIFTY 500 by 11% over 52 weeks and by 3.2% over 13 weeks.

0 of 7 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 3 of the 6 with a long enough price history are ahead of the industry itself.

Which Polymer company is largest by revenue?

Supreme Petrochem Ltd leads with revenue of ₹6,502 crore, based on 7 of 7 comparable companies through Sep 2026.

Which Polymer company is growing fastest?

Supreme Petrochem Ltd has the fastest current revenue growth at 19.7%, across 7 of 7 comparable companies.

Which Polymer company has the strongest 4-Factor Sector Score?

Bhansali Engineering Polymers Ltd ranks first at 72.7 out of 100, with 93% of the evidence available. The score ranks published data; it is not a recommendation.

Which Polymer company has the lowest comparable PEG?

Styrenix Performance Materials Ltd has the lowest comparable PEG at 0.6, among 6 of 7 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Polymer comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four parts add up directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or old evidence moves only that part toward the middle.

Is there a Nifty Polymer index?

NSE runs Nifty indices for several broad sectors, such as Nifty Bank, Nifty IT and Nifty Pharma, but not for every smaller group on this site.

Whether or not an official Nifty index covers Petrochem - Polymers, this page builds its own equal-weight basket of 7 listed Petrochem - Polymers companies: one company, one vote, whatever its size, so no single large company dominates. Figures are as of Sep 2026.

Which are the best Polymer stocks in India?

Ranked by this page's four-factor score, Bhansali Engineering Polymers Ltd comes first among 7 listed Petrochem - Polymers companies, followed by Supreme Petrochem Ltd. That is a ranking of published data (earnings, quality, valuation and share-price behaviour as of Sep 2026), not a recommendation.

How many Polymer stocks are listed in India?

This comparison covers 7 listed Petrochem - Polymers companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Sep 2026.

Which Polymer company is the biggest?

Supreme Petrochem Ltd is the largest, with revenue of ₹6,502 crore over the last 12 months, ahead of Chemplast Sanmar Ltd at ₹4,249 crore. That covers 7 of 7 companies with comparable reporting through Sep 2026.

Which Polymer company has the best profit margins?

Manali Petrochemicals Ltd has the highest operating margin at 30%, from 7 of 7 comparable companies. Manali Petrochemicals Ltd shows the biggest recent improvement, at +20 percentage points. A high margin matters most when it is steady or rising, not when it is at a peak.

Which Polymer company makes the most profit?

Supreme Petrochem Ltd earns the most, at ₹529 crore of net profit over the last 12 months, from 7 of 7 comparable companies.

Manali Petrochemicals Ltd has the fastest profit growth at the 100% cap of the scoring scale, though growth off a small or recovering profit base overstates how much has actually changed.

Which Polymer company earns the highest return on capital?

Kothari Petrochemicals Ltd leads on return on capital employed at 28.6%, across 7 of 7 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.

Which Polymer stock has the lowest PEG ratio?

On PEG (where a lower number means a lower price for what the company earns), Styrenix Performance Materials Ltd has the lowest at 0.6×.

Only 6 of 7 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry. A low multiple is a reason to look closer at the business, not a conclusion on its own.

Is the Polymer sector beating the market?

Petrochem - Polymers has done worse than the NIFTY 500 by 11% over the last 52 weeks and by 3.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of the 7 companies we track are beating the market on their own.

Sector strength does not transfer evenly to every stock in it.

Which Polymer stock has the strongest price momentum?

Manali Petrochemicals Ltd has the strongest relative strength against the NIFTY 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.

Which Polymer company has the highest 4-Factor score?

Bhansali Engineering Polymers Ltd scores 72.7 out of 100, with 93% of the evidence available, from 27.1 points on growth and earnings, 20.6 on capital efficiency, 11.2 on valuation and 13.8 on relative strength.

It ranks published data only; management quality, upcoming events and risks are not part of the score.

How many Polymer companies does this comparison cover, and over what period?

This comparison covers 7 listed companies over up to 20 reported quarters of fundamentals, ending Sep 2026, plus weekly price and relative-strength history. Membership is the full sector list, nothing is dropped for having thin data.

What is the total market cap of the Polymer sector?

The 7 Petrochem - Polymers companies on this page carry ₹25,591 crore of combined market value. Supreme Petrochem Ltd is the largest at ₹12,755 crore, about 50% of the sector's total on its own. Market value moves with price, so this reading is dated 30 October 2026.

What is the Polymer sector's P/E ratio?

The median price-to-earnings ratio across the 7 Petrochem - Polymers companies on this page is 12.2×, measured on the 6 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past.

Figures are as of 30 October 2026.

How is the Polymer sector performing?

0 of the 7 Petrochem - Polymers companies we track are doing better than the NIFTY 500 on relative strength (how a share price has done against the index over recent months).

The sector itself is 11% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 30 October 2026.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.

Is this advice?

No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.

More lists

Every Sector Alpha list, grouped

Every India sector against its index · What changed this week · Plain-text data
Sector Alpha, written by code from the published numbers · Fundamentals through Sep 2026 · Prices through 30 October 2026. Every ranking is worked out by code from reported figures. Missing values stay missing.

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