Latest News
-
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges -
IREDA Hits Record Annual PAT of Rs 1,252 Cr in FY24; Q4 Profits Up by 33% -
Massive Employee Exodus Hits India's Top IT Companies in FY23-24 -
Air India Enhances Operational Efficiency with New Crew Management System -
BlackRock Acquires Shares in Electrosteel Castings and PTC India for Rs 207 Crore -
IndiGo Enhances Domestic Routes with Direct Chennai-Durgapur Flights -
Tesla to Recall Nearly 4,000 Cybertrucks Over Accelerator Pedal Fault -
Reliance, ONGC, Tata, Adanis: Energy Stocks Didn't Get The Memo Of Bears, Up 12% In 30-Days; 10 Stocks To BUY -
Sebi to Enhance Price Discovery for Firms Trading Below Book Value
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 |
