Polymatech Electronics Pvt Ltd Unlisted Shares
About The Company
Strong
Market Position
Consistent
YoY Growth
Experienced
Management
Key Indicators
A snapshot of Polymatech Electronics Pvt Ltd Unlisted Shares's financial health, valuation multiples and capital efficiency at a glance.
Pricing Trends
Financial Performance
| Indicators | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,912.1 | 1,237.6 | 649.7 | 126.4 | 45.5 | 1.7 | 0.0 | 0.0 |
| Expense | 1,415.8 | 917.3 | 463.6 | 86.0 | 34.6 | 0.6 | 0.0 | 0.3 |
| EBITDA | 496.3 | 320.3 | 186.1 | 40.4 | 10.9 | 1.1 | 0.0 | -0.3 |
| Other Cost | 51.2 | 50.3 | 19.3 | 5.6 | 3.9 | 1.4 | 0.1 | 2.4 |
| PBT | 445.1 | 270.0 | 166.8 | 34.8 | 7.0 | -0.3 | -0.1 | -2.7 |
| Tax Expense | 69.5 | 29.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| PAT | 375.6 | 240.1 | 166.8 | 34.8 | 7.0 | -0.3 | -0.1 | -2.7 |
| Other Inc./Exp. | 4.2 | 1.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income | 379.8 | 241.3 | 166.8 | 34.8 | 7.0 | -0.3 | -0.1 | -2.7 |
| Shares O/S | 39.84 | 39.80 | 7.20 | 6.30 | 6.30 | 6.30 | 6.30 | 6.30 |
| EPS (₹) | 9.07 | 398.00 | 23.20 | 5.50 | 1.10 | 0.01 | 0.01 | -0.40 |
| Rev. Growth % | 54.5% | 90.5% | 414.0% | 177.8% | 2576.5% | 16900.0% | -75.0% | — |
| EBITDA Mgn % | 26.0% | 25.9% | 28.6% | 32.0% | 24.0% | 64.7% | 100.0% | -750.0% |
| Net Mgn % | 19.9% | 19.5% | 25.7% | 27.5% | 15.4% | -17.6% | -1000.0% | -6750.0% |
| EPS Growth | -97.7% | 1615.5% | 321.8% | 400.0% | 10900.0% | 0.0% | -102.5% | — |
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About Polymatech Electronics Private Limited
What does Polymatech do?
Polymatech Electronics Private Limited was established in 2007 and is India's first semiconductor chip manufacturer. It is a subsidiary of Polymatech Company Limited, Japan, and was completely acquired by Chennai-based entrepreneur Mr Eswara Rao Nandam and his wife, Mrs Uma Nandam. The company is one of the top semiconductor chip manufacturers in India and specialises in LED semiconductor chips with a large production facility in Oragadam, Kancheepuram, Tamil Nadu.
With a strong emphasis on Japanese technologies, Polymatech India supports a thriving ecosystem. It sets up advanced semiconductor chip manufacturing in India via its Oragadam and Krishnagiri, Tamil Nadu plants. This page will provide complete company details if you aim to buy Polymatech unlisted shares.
History Of Polymatech Private Limited
The company's history showcases the journey of Polymatech from starting as a rubber company to becoming one of the biggest Indian chip manufacturers. Before its acquisition in 2018, Polymatech Electronics Private Limited was controlled by Polymatech Asset Management Company (Japan) and Polymatech (Malaysia), with shareholdings of 52.20% and 47.80%.
December, 1994
The company started as Fuji Rubber Co. Ltd and operated in Daito-Ku in Tokyo. It is headquartered in Chuo-ku Ginza.
January, 1991
In this year, the company name was changed from Fuji Rubber Co. Ltd to Fuji Polymatech Co. Ltd.
December, 1997
It was the year when the company name again changed from Fuji Polymatech to Polymatech Co, Ltd.
May, 2007
Polymatech Co. Ltd incorporated Polymatech Electronics Private Limited with Polymatech Company Ltd Japan, having 59% shareholding.
August, 2018
In August 2018, Polymatech Electronics Private Limited was wholly acquired by the Nandam family through a share purchase agreement.
Post-Acquisition Growth Of Polymatech Electronics Pvt Ltd
After the acquisition of Polymatech Electronics Pvt Ltd, the company's new management shifted focus on making it one of the biggest semiconductor chip manufacturers in India. However, the CTO and board directors of the company remained Japanese, which helped Polymatech leverage advanced Japanese technologies to manufacture LED semiconductor chips.
Presently, Polymatech Electronics Pvt Ltd manufactures opto-semiconductors used in high-power lighting systems and Sanitizing LEDs for various hospital applications. Post-acquisition in 2018, Polymatech established itself among the largest Indian chip manufacturers and captured most of the Indian market share.
Polymatech Unlisted Share Financial Overview
Metric (In Rs Crore) | FY22-23 | FY23-24 | FY24-25 |
Revenue | 649.7 | 1,237.6 | 1,912.1 |
EBITDA | 186.1 | 320.3 | 496.3 |
EBITDA Margin | 28.6% | 25.9% | 26% |
Profit Before Tax | 166.8 | 270 | 445.1 |
Profit After Tax | 166.8 | 240.1 | 375.6 |
Net Margin | 25.7% | 19.5% | 19.9% |
Revenue rose 54.5 % year on year in FY25, following an already sharp increase in FY24. This is directly proportional to the new projects and business initiatives launched by the company.
EBITDA also saw a similar 54% jump in FY 25, reaching Rs 496.3 crore from Rs 320.3 crore in FY 24. EBITDA margin remained steady at 26%. Thus indicating both growth and stability in business economics.
Profit After Tax (PAT) improved to 56% in FY 25, rising to Rs 375.6 crore. This directly adds to shareholder wealth as well as reinvestment by the company for starting new business initiatives.
This healthy growth in financials is a direct contributor to growth in polymatech share price.
What Is The Valuation Of Polymatech?
Polymatech Electronics Pvt. Limited is not listed on any stock exchange yet. The company's current market capitalisation is Rs 2,079 crore, with approx. 39.8 crore shares outstanding.
How has Polymatech Share Price performed recently?

FY 23-24 Journey
On August 23, Polymatech share price was trading at Rs 91 per share. By Jan 24, Polymatech Share Price rose to Rs 195 per share. This was the last 52-week high after which the share came down to Rs 155 per share on April 24.
FY 24-25 Journey
On May 24, polymatic share price rose to Rs 188 per share, but this bull run did not continue for long. In the next 6 months, Polymatech unlisted price began declining and reached Rs 100 by Dec 24. This is possible due to regulatory concerns after Auditor SS Kothari Mehta & Co. resigned. This raised red flags around financial transparency and compliance. Also, PAT Margins dropped from 26% in FY 23 to 20% in FY 24.
FY 25-26 Journey
The MD of Polymatech announced some new projects and the possibility of an IPO in FY 25-26. This raised the Polymatech Electronics unlisted share price from Rs 52 per share to Rs 113 per share in June 25. After that, the Polymatech stock price declined and remained around Rs 60 per share till Jan 26.
In Jan 26, the Polymatech unlisted share price rose to Rs 92 per share after the company announced the beginning of its domestic manufacturing of CDSCO-registered vein finder devices. But the expectation related to project decreased with time leading to polymatech unlisted shares coming down to Rs 52 in June 26.
Polymatech Order Book And Results
The company is in a robust financial position even before its planned expansion, as evidenced by the following factors.
The company has a robust order book totalling Rs 7,000 crores. All these orders are for exports and are scheduled to be executed over the next two years.
During the same period, net profit increased by 64%, amounting to Rs. 275 crores.
The company has a current capacity of 2 billion chips.
This highlights a direct positive indicator for the growth of polymatech unlisted share price.
What Is The Future Plan Of Polymatech?
The company is banking on several key factors to drive its revenue growth, including the rising demand for energy-efficient lighting solutions such as LEDs in sectors like automotive, consumer electronics, and infrastructure. Additionally, the company is seeing increased demand for semiconductor solutions in medical applications and horticulture.
Polymatech charts a course to $2.5 billion in revenue by FY26 through the following strategic plan:
Capacity Expansion: New machinery for ingot manufacturing and wafer fabrication will increase chip production capacity to 10 billion chips by next year.
Rs 1143 Crore plant in Raipur Chattisgarh: This is a GaN semiconductor plant for 5G/6G base stations announced in early 2025 with state subsidies.
This indicates solid growth prospects for Polymatech Electronics share price.
Possible Impact of Estonia PCB plant On Polymatech revenue 2026
The Tamil Nadu-based company's Estonian arm began on Nov 24. By 2027, the company plans an investment of 100 Million Euros into an advanced PCB plant in Estonia through its subsidiary Brandner Electronics OÜ. This is targeting defence, HDI, high-frequency, and high-end mobiles with up to 48-layer PCBs, initiated in Aug '25. Thus, leveraging European technology, this plant facility aims to comply with industry standards and is needed for premium mobile manufacturers and other critical sectors like defence, aerospace and automotive manufacturing. This development may not impact Polymatech's 2026 revenue but has a greater chance of increasing the 2027 revenue of the company.
Is It Good To Invest In Polymatech Electronics?
Financially, Polymatech Electronics has grown 50% not just in revenue but also in profits, a sign which any investor will see as positive while evaluating a polymatech unlisted shares.
Projected Efficiency: They anticipate achieving 50-60% efficiency, translating to a production output of 5-6 billion chips annually.
Revenue Projection: Estimating revenue of $0.5-0.6 per chip from high-end products.
Targeted Revenue: The company aims to achieve a $2.5 billion revenue milestone by March 2026.
These factors can create interest for investors while checking the polymatech electronics share price.
Check the Updated Polymatech Electronics Ltd Share Price On Stockify
The performance of Polymatech unlisted shares in the unlisted share market has remained stable. Polymatech Electronic Pvt Ltd share price was Rs 52 per share in June 26. You can check the updated share price of the company on Stockify.
Our team regularly updates the Polymatech unlisted share price on the platform based on recent market data.
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