Styrenix Performance Materials Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
- Paid Up Capital ₹ 17.59 Cr
- Company Age 51 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 652.16 Cr
- Satisfied Charges ₹ 287.96 Cr
- Revenue Growth 33.34%
- Profit Growth 15.11%
- Ebitda 14.71%
- Net Worth -3.64%
- Total Assets -6.20%
About Styrenix Performance Materials
Styrenix Performance Materials Limited (SPML) was founded in India on 07 December 1973 and has a glorious history of 51 years and two months. Its registered office is in Vadodara, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 506222 and on the National Stock Exchange(NSE) under INEOSSTYRO.
The Corporate was formerly known as Ineos Abs (India) Limited. The Company is engaged in the Manufacturing Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 17.59 Cr.
The company currently has active open charges totaling ₹652.16 Cr. The company has closed loans amounting to ₹287.96 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Styrenix Performance Materials Limited India are Bhupesh Porwal as CFO and Chintankumar Doshi as Company Secretary. Taneja Premkumar, Vishal Agrawal, Rakesh Agrawal, and Five other members serve as directors at the Company.
Company Details
- Location
Vadodara, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L25200GJ1973PLC002436
- Company No.
002436
- Stock Symbol
BSE : 506222 NSE : INEOSSTYRO
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Dec 1973
- Date of AGM
21 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
What products or services does Styrenix Performance Materials Limited offer?
Styrenix Performance Materials Limited offers a wide range of products and services, including Organic Compounds, Acrylonitrile, Indoor Plants, Decorative Plant, Natural and Synthetic Resins, Resins, Plastic Resins.
Who are the key members and board of directors at Styrenix Performance Materials?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rahul Agrawal  | Managing Director | 17-Nov-2022 | Current |
| Bhupesh Porwal | CFO | Current | |
| Vishal Agrawal | Managing Director | 17-Nov-2022 | Current |
| Chintankumar Doshi | Company Secretary | 28-Dec-2023 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Taneja Premkumar | Director | 17-Nov-2022 | Current |
| Milin Mehta | Director | 17-Nov-2022 | Current |
| Ravishankar Kompalli | Whole-Time Director | 17-Nov-2022 | Current |
| Rakesh Agrawal | Whole-Time Director | 17-Nov-2022 | Current |
| Radhika Nath | Director | 05-Jan-2023 | Current |
| Parameswaran Prasad | Director | 04-Jan-2023 | Current |
Financial Performance of Styrenix Performance Materials.
Styrenix Performance Materials Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 33.34% increase. The company also saw a substantial improvement in profitability, with a 15.11% increase in profit. The company's net worth dipped by a decrease of 3.64%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Styrenix Performance Materials?
In 2023, Styrenix Performance Materials had a promoter holding of 62.73% and a public holding of 37.27%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shiva Performance Speciality Private LimitedVishal Agrawal, Rakesh Agrawal and 1 more are mutual person
Shiva Performance Solutions Private LimitedVishal Agrawal, Rakesh Agrawal and 1 more are mutual person
Shiva Performance Materials Private LimitedVishal Agrawal, Rakesh Agrawal and 1 more are mutual person
Ses Engineering Private LimitedVishal Agrawal, Rakesh Agrawal and 1 more are mutual person
Gujarat Power Corporation LimitedTaneja Premkumar is a mutual person
Gujarat Life Sciences Private LimitedMilin Mehta is a mutual person
Charges (Loans)
₹652.16 Cr
₹287.96 Cr
Charges Breakdown by Lending Institutions
- Others : 330.00 Cr
- Hdfc Bank Limited : 250.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 70.00 Cr
- Idbi Bank Limited : 0.82 Cr
- Industrial Finance Corporation Of India Limited : 0.52 Cr
- Others : 0.82 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jun 2023 | Others | ₹200.00 Cr | Open |
| 24 Mar 2023 | Hdfc Bank Limited | ₹250.00 Cr | Open |
| 22 Feb 2022 | The Hongkong And Shanghai Banking Corporation Limited | ₹70.00 Cr | Open |
| 27 Jan 2017 | Others | ₹130.00 Cr | Open |
| 27 Dec 1989 | Idbi Bank Limited | ₹8.00 M | Open |
How Many Employees Work at Styrenix Performance Materials?
Styrenix Performance Materials has a workforce of 461 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Styrenix Performance Materials, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Styrenix Performance Materials's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
