5 Electrical Vehicle Ancillary Stocks Engaged In PET Film Manufacturing

Electric vehicles have begun to make their foray in India both in the 2-wheeler and commercial vehicle space. It is indeed a very wide segment with various ancillary or allied industries or work functions linked to it. Likewise, while we know some of the prominent players in India in the field are TVS Motors, Bajaj Auto, Exide and a couple of several other players, here we are specially focussing on PET film manufacturers in the segment.

What is PET film and its usage in Electric Vehicles?

PET (PolyEthylene Terephthalate) plastic films are thin polyester films that find application in electrical units like Electric vehicles. The polyester film finds application in lithium ion batteries and assists in enhancing the life cycle and safety of the battery besides other functions. It is said that these PET films are crucial for the success for EV design.

So, here are the PET film manufacturers in India in the EV space:

Uflex

The Indian MNC company is engaged in offering end to end packaging solutions offering complete range of packaging films. The company's global film manufacturing arm Flex films provides a full range of post-consumer grade PCR Films having upto 100% post-consumer recycled PET content under the brand name Asclepius. The film offers a 75% reduction in carbon footprint.

Jindal Polyfilms

The company is among the leading thin polyester manufacturers that find applications in Electric vehicles. The company part of the $ 2 billion B.C. Jindal group, is involved in diverse businesses including Polyester & Polypropylene films, Power generation, Cold Rolled Steel Strips, Galvanized Sheets, etc. The company's stock price last settled at Rs. 1116.25. It is put under the small cap stock category.

Polyplex Corp

The company has the seventh largest capacity of polyester (PET) film globally. The company's capabilities are in both thin and thick PET film that cover a spectrum of applications. The company exports its product line to 75 nations and runs it integrated manufacturing & distribution operations in six countries viz. India, Thailand, Turkey, U.S.A., Indonesia & Netherlands. The company's stock price was last at Rs. 1944.55 per share and in a year has yielded multibagger return of over 118%.

Cosmo Films

Established in 1981, Cosmo Films Limited today is a global leader in speciality films for packaging, lamination and labeling applications. Its films offerings include biaxially oriented polypropylene (BOPP) films, cast polypropylene (CPP) films and soon to be offered biaxially oriented polyethylene terephthalate (BOPET) films. The company's stock price is at Rs. 1575.65. This company has again delivered multibagger returns to the tune of 140%.

Time Technoplast

The company is again a MNC conglomerate that is a leading polymer manufacturer. The company's product line caters to industrial packaging solutions, lifestyle products, automotive components, healthcare, infra, material handling solution and composite cylinders.

Stock	CMP	1-year return in %
Uflex	522.55	25
Jindal Poly Films	116.25	30
Polyplex Corp	1944.55	118
Cosmo Films	1575.65	140
Time Technoplast	71.75	27