Polyplex is into the manufacture of the biaxially oriented polyester film which finds extensive usage in packaging, electrical and other industrial applications. Polyplex has manufacturing plants in India, Thailand and also in Turkey. The stock of Polyplex is currently quoting around Rs.600 and is close to its yearly highs.
The company quotes at a P/E of less than 10X on a rolling earnings basis and also enjoys a dividend yield of nearly 7%.
Considering its positioning and its financial moat, one can look to buy the stock at the current price with a quarterly price target of Rs.700.