Jindal Poly Films Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Jindal Poly Films Ltd trades at ₹671, losing momentum at the top and 5 weeks into that stage. That is +3.6% against its own 200-day average. It sits at 50% of a 52-week range of ₹385 to ₹957. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.

Today the stock is losing momentum at the top — week 5 of stage 3. At ₹671 it trades +3.6% versus its 200-day average and sits at 50% of its 52-week range (₹385–₹957).

Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +72% while the NIFTY 500 moved +264% — behind the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Jindal Poly Films Ltd trades at 50.2× P/E, at the pricey end of its own range (97th percentile). Its long-run median P/E is 5.1×, measured across 10.5 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 50.2× is at the pricey end of its own range (97th percentile), against a long-run median of 5.1× measured over 10.5 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −1,065.4% against a +10.6% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the −7.5%/yr price move, ~−42.2%/yr came from earnings growth and ~+34.7 pp from the multiple (expanding); over 10y, of the +5.8%/yr price move, ~−16.2%/yr came from earnings growth and ~+22.0 pp from the multiple (expanding). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 20% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Jindal Poly Films Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 8 quarters across 2 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

4-Factor Sector Score

21.6/100 — rank 5 of 5 in Packaging - BOPP · 75% evidence confidence

Jindal Poly Films Ltd scores 21.6 out of 100 against the 5 companies it is compared with in Packaging - BOPP, ranking 5. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

The four contributions add to the total exactly: 2.8 + 3 + 8.5 + 7.3 = 21.6. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Jindal Poly Films Ltd reported ₹696 Cr of revenue in the Jun 26 quarter, −23.9% year on year. Over 10 years it has compounded at −8.7% a year. The last full year, FY26, came in at ₹2,899 Cr. The last four reported quarters add to ₹2,339 Cr.

FY26 revenue came in at ₹2,899 Cr (−45.7% on the year), capping 10 years at −8.7% compound. The latest quarter (Jun 26) printed ₹696 Cr, −23.9% year on year.

Pace check: the last four quarters averaged −48.3% growth against the decade's −8.7% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −49.8% over the last 4 quarters against −26.5%/yr over the last 8 — rolling over.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Jindal Poly Films Ltd's operating margin is 1.4% in the Jun 26 quarter, −0.2 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −20.0% to 27.0%. The current quarter sits inside that band.

The latest quarter's operating margin is 1.4%, −0.2 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −20.0%–27.0%.

🚨 Why the margin moved: operating margin went −0.2 pp year on year while gross margin went +7.6 pp — the loss came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Jindal Poly Films Ltd earned ₹107 Cr of net profit in the Jun 26 quarter, +197.2% year on year. The full FY26 year was a loss of ₹1,062 Cr. That is 15.4% of the quarter's revenue. The same quarter a year earlier earned ₹36.0 Cr. 6 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹107 Cr, +197.2% year on year. On the full year, FY26 printed ₹−1,062 Cr (−1,065.5%).

Why profit moved: revenue contributed −23.9% and the margin −0.2 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit −813.0% vs revenue −48.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −42% of Jindal Poly Films Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−110 Cr of operating cash against ₹−1,062 Cr of profit. After ₹−486 Cr of capital spending, ₹376 Cr was left as free cash.

FY26: operating cash of ₹−110 Cr against reported profit of ₹−1,062 Cr, leaving free cash of ₹376 Cr after ₹−486 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −42% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −42%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Jindal Poly Films Ltd's cash conversion cycle runs 81 days in FY26, up from 80 days in FY21. Capital spending ran ₹243 Cr over the last 3 years. At FY26 sales of ₹2,899 Cr each day of that cycle holds about ₹7.9 Cr, so roughly ₹643 Cr sits inside the business at any moment.

FY26: debtors at 29 days, inventory at 116 days — roughly 3.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 81 days, looser than FY21's 80.

The full loop: cash goes out to suppliers and production on day 0; stock waits 116 days to sell; customers pay about 29 days after that; and suppliers themselves are paid at 64 days — netting out to the 81-day cycle.

In money terms: at FY26 sales of ₹2,899 Cr, each day of the cycle holds about ₹7.9 Cr — so the 81-day loop keeps roughly ₹643 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹243 Cr over the last 3 fiscal years against ₹613 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹317 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Jindal Poly Films Ltd earns a ROCE of −2% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is −36.6% net margin on 0.33× asset turns.

FY26 ROCE is −2%.

Why the return is what it is — the wiring (FY26): −36.6% net margin × 0.33× asset turns × 2.86× balance-sheet leverage ≈ −34.5% on equity. Margin does its share; leverage is a meaningful part of the equation.

The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 20% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Jindal Poly Films Ltd carries ₹4,004 Cr of borrowings against ₹3,051 Cr of equity in FY26, a debt-to-equity of 1.31. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹916 Cr to ₹4,004 Cr. Capital spending ran ₹243 Cr across the last 3 of those years.

FY26: borrowings of ₹4,004 Cr against equity of ₹3,051 Cr — a debt-to-equity of 1.31. Operating profit covers the interest bill −3×. Over 5 years borrowings went from ₹916 Cr to ₹4,004 Cr while capital spending ran ₹243 Cr in just the last 3 — part of the build-out is riding on borrowed money.

The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 20% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 1.0 points of Jindal Poly Films Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 1.9% of the company. Promoters moved +0.0 points over the same window, to 74.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −1.0 points over 8 quarters to 1.9%; Promoters: +0.0 points over 8 quarters to 74.5%; Domestic institutions: +0.0 points over 8 quarters to 0.0%.

🚨 Why the register moved: foreign institutions drove it (−1.0 points) — distribution into the market’s bid.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Jindal Poly Films Ltd: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

The safety line in one sentence: the Z-score is withheld — it comes from the second data source this page could not reconcile, and a solvency score is not worth printing on a number two sources dispute.

Frequently asked questions