polyplex inds daily chart shows an interesting breakout from triangular correction.
Fundamentally the company is likely to post EPS in region of 90 plus based on 9M FY 19 reported earnings. Company is into packaging films business, (more details can be had from company presentation which has given all its lines of businesses and capex). It comes across as a slightly better company among peers as the peer companies like cosmo films, jindal poly etc have not managed to report decent nos while polyplex continues to report robust numbers. It has margins in the region of 14-16% while other players are below 10%.
Balance sheet is good. Company gives out good dividends. Presentation gives an idea about the kind of value addition the company does in most of its product lines. And well spread out geographical presence helps in reducing geographical risk. disc: invested. (this is not a recommendation and anyone investing should do their own diligence)