Ester Industries

NSE: ESTER · Packaging

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52W Range₹69 – ₹120

Snapshot

Unlock Ester Industries's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Ester Industries Limited is a manufacturer of polyester films, engineering plastics, and specialty polymers. The company serves diverse sectors including food and beverage packaging, automotive, electrical, and industrial applications.

Business Model

The company generates revenue through the production and sale of high-performance polyester films, engineering plastic compounds under the Estoplast brand, and specialty polymers. It operates as a B2B supplier, catering to both domestic and international markets across various industrial and consumer goods sectors.

  • Incorporation Year:1985

Growth Outlook

Growth is driven by the expansion of specialty polymer applications and the increasing demand for high-barrier packaging solutions in the food and personal care industries. The company continues to leverage its technical expertise to develop niche products for the automotive and electronics sectors.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of crude oil derivatives, which are primary feedstocks for polyester and plastic production, can significantly impact profit margins.
  • Cyclical Industry Demand. The company's performance is sensitive to cyclical demand patterns in the automotive, construction, and consumer goods sectors.
  • Foreign Exchange Risk. As an exporter with international operations, the company is exposed to currency fluctuations that may affect its competitive pricing and earnings.
  • Regulatory and Environmental Compliance. Increasing global regulations regarding plastic waste and sustainability may necessitate costly operational adjustments or product reformulation.

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Key Metrics

REVENUE

₹1,469 Cr

TTM · consolidated

+10.1%YoY

NET PROFIT

₹-2 Cr

TTM · consolidated

-107.5%YoY

EPS

₹-0.24

TTM · consolidated

-109.9%YoY

RETURN ON EQUITY

-0.2%

TTM · consolidated

-3.1 ppYoY

RETURN ON CAPITAL EMPLOYED

5.6%

TTM · consolidated

-3.0 ppYoY

P/E

-398.0×

Q1 FY27 · consolidated

-398.0 vs 4.8x5Y avg

EV/EBITDA

11.6x

Q1 FY27 · consolidated

11.6 vs 45.1x5Y avg

EBITDA MARGIN

9.7%

TTM · consolidated

-3.5 ppYoY

NET PROFIT MARGIN

4.3%

Q1 FY27 · consolidated

+6.4 ppYoY

DEBT TO EQUITY

0.9x

Q1 FY27 · consolidated

+0.08xYoY

Peers · Packaging

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ester IndustriesESTER
₹921 Cr-398.0×11.5910.1%9.7%-0.2%5.6%-14.2%
Commercial Syn Bags LimitedCOMSYN
₹1,207 Cr35.4×23.9612.2%13.7%18.1%21.9%+68.7%
Oricon EnterprisORICONENT
₹846 Cr21.6×28.39-72.2%59.8%2.4%2.5%-6.1%
Haldyn GlassHALDYNGL
₹795 Cr26.5×11.6818.9%15.9%13.2%13.8%+50.4%
Kanpur Plastipa.KANPRPLA
₹629 Cr13.1×8.809.6%11.3%19.0%21.9%+22.3%
Shree Rama Multi-Tech LimitedSHREERAMA
₹611 Cr23.7×13.7820.9%17.1%15.4%19.4%-27.7%

As of Q1 FY27

Financials