Ester Industries Ltd
NSE:ESTER

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Ester Industries Ltd Logo
Ester Industries Ltd
NSE:ESTER
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Price: 102.37 INR 0.52% Market Closed
Market Cap: 10B INR

Ester Industries Ltd
Investor Relations

Ester Industries Ltd. engages in the production and sale of polyester, polymers, and other plastic compounds. The company is headquartered in Gurgaon, Haryana. The company went IPO on 2011-06-17. The firm's segments include polyester chips and film, engineering plastics and speciality polymers. Its polyester films product line includes special chemical coated films, transparent high barrier films, isotropic film, heat seal films, shrink sleeve film, gold films, embossable films, insulation film, and twist films. The company is also in the business of polyester packaging films. Its engineering plastic product line includes polyamide 6 and polyamide 66 engineering plastics, polybutylene terephthalate (PBT) engineering plastics, polycarbonate (PC) engineering plastics, acrylonitrile butadiene styrene (ABS) engineering plastics, and polyoxymethylene (POM) engineering plastics. Its specialty polyester business manufactures polyester chips of normal and Masterbatch grades. The company manufactures engineering plastics under the brand name of Estoplast.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Nov 17, 2025
AI Summary
Q2 2026

Revenue Growth: Ester Industries reported consolidated revenue of INR 357 crores for Q2 FY26, up 7% year-on-year.

Margin Pressure: Margins were significantly hit by predatory imports, heavy US trade tariffs, and adverse forex movements, resulting in a consolidated EBITDA down nearly 60% YoY.

Specialty Polymers Strength: The Specialty Polymers segment saw robust performance with EBIT rising 45% YoY and margins improving to 37.03%.

Polyester Films Headwinds: Polyester Films faced margin compression from import pricing and tariffs, but capacity utilization remained healthy at 79%.

Sustainability Initiatives: The ELITe recycling project advanced with land acquisition and offtake agreements, including Nike as anchor customer.

Antidumping Investigation: The government initiated an investigation into antidumping duties on imported polyester film following industry petition.

Debt and FX Impact: Foreign currency loan mark-to-market losses weighed on reported earnings, but management noted these are notional.

Key Financials
Revenue
INR 357 crores
Total Income (Standalone)
INR 263 crores
EBITDA (Standalone)
INR 14 crores
EBITDA Margin (Standalone)
5.33%
Loss for the Quarter (Standalone)
INR 4.81 crores
EBITDA (Consolidated)
INR 17.33 crores
EBITDA Margin (Consolidated)
4.85%
EBIT (Specialty Polymers)
INR 21.24 crores
EBIT Margin (Specialty Polymers)
37.03%
Volume Sales (Specialty Polymers)
1,161 metric tons
Sales Volume (MB03)
410 metric tons
Capacity Utilization (Khatima)
75%
Capacity Utilization (Hyderabad)
85%
Capacity Utilization (Consolidated)
79%
Polyester Films Sales Volume
21,329 metric tons
Revenue (Polyester Films)
INR 296.82 crores
rPET Sales Volume
1,046 metric tons
Ester Filmtech Capacity Utilization
85%
Ester Filmtech Sales Volume
10,374 metric tons
Ester Filmtech Total Income
INR 119.73 crores
Ester Filmtech EBITDA
INR 3.96 crores
Ester Filmtech Loss after Tax
INR 10.3 crores
Spread (Value Addition, 12-micron Commodity Film, September Q2)
INR 19 to INR 20 per kg
Spread (Value Addition, October/Current)
INR 22 to INR 25 per kg
Cash and Cash Equivalents
INR 104.6 crores
Gross Debt (Consolidated)
INR 740 crores
Net Debt (Consolidated)
INR 650 crores
Other Earnings Calls

Management

Mr. Arvind Singhania B. Com
Chairman & CEO
No Bio Available
Mr. Sourabh Agarwal
Chief Financial Officer
No Bio Available
Ms. Poornima Gupta
Company Secretary & Compliance Officer
No Bio Available
Mr. Ayush Vardhan Singhania
Head of Business Development & Marketing and Whole-Time Director
No Bio Available
Mr. Pradeep Kumar Rustagi B.Com.
Whole-Time Director & Executive Director of Corporate Affairs
No Bio Available
Mr. Diwaker Dinesh
Head of Legal
No Bio Available
K. K. Mangal B. Com
General Manager of Sales & Marketing
No Bio Available
Mr. Yatin Purushottam Sheth
Head of Sales Marketing - Specialy Polymer
No Bio Available
Mr. Rajender Singh Gaur
Head of Manufacturing Operations
No Bio Available

Contacts

Address
HARYANA
Gurgaon
Plot No. 11, Block A, Infocity-I, Sector- 33 & 34
Contacts