Polymatech Share is an Indian company that was incorporated in 2007 as a subsidiary of Polymatech Company Ltd, Japan. However, in 2018, it was completely acquired by Mr. Eswara Rao Nandam and his wife, Mrs. Uma Nandam, Chennai-based entrepreneurs. Mr. Eswara Rao Nandam, an alumnus of BITS Pilani, is a key promoter in the company. PEL specializes in manufacturing LED semiconductor chips and has a production facility in the SIPCOT Hi-Tech SEZ in Oragadam Kancheepuram, Tamil Nadu. The company aims to become a world leader in the manufacturing of Elastometer parts.
Before the 2018 acquisition by Mr. Eswara Rao Nandam and his wife, Polymatech was controlled by Polyma Asset Management Company from Japan and Polymatech (Malaysia) with shareholdings of 52.20% and 47.80%, respectively. The company faced challenges in the past, as it was involved in manufacturing and supplying keypads for mobile phones, which became obsolete around 2011-12. Due to declining demand, the company incurred losses and struggled to sustain its operations.
After the acquisition in 2019, the new management shifted the company’s focus to manufacturing semiconductor chips for LEDs and Luminaries. Polymatech currently produces Opto Semiconductors used in high-power lighting systems, ICs, and Sanitizing LEDs for hospital applications.
Polymatech is planning to expand its manufacturing capacity from the current 300 million chips per year to 20 billion chips per year by 2024. This expansion is crucial to accommodate the increasing demand for its semiconductor chips. For this the total money to be deployed would be ~1 Billion dollar. Polymatech Electronics Unlisted Share manufacture products and same is mentioned below.
As of 31st March 2022, Mr. Eswara Rao Nandam and Mrs. Uma Nandam were the primary investors in PEL. In the unlisted market, the company’s shares were trading at Rs. 400 per share, resulting in a market capitalization of 2540 Crores based on approximately 6.35 Crore outstanding shares. The EPS for FY22 based on these outstanding shares stands at 5.35, and the P/E ratio is 74x. However, as per media news in FY22-23, some other investors have invested in the company.
The company is supported by Japanese nationals, who serve as Chief Technology Officers (CTOs) and are also members of the board of PEPL. The acquisition by Mr. Eswara Rao Nandam and his wife in 2019 brought new leadership and direction to the company, resulting in its successful transformation.
With the growing demand for LED semiconductor chips in various industries, including lighting systems and sanitization applications, Polymatech unlisted share is well-positioned for further expansion and profitability. The company’s commitment to increasing its manufacturing capacity and its focus on innovative technologies will likely drive future growth.
Polymatech Electronics Limited has experienced a remarkable turnaround since its acquisition by Mr. Eswara Rao Nandam and Mrs. Uma Nandam. The company’s shift to LED semiconductor chip manufacturing has proved to be a successful strategy, leading to substantial revenue and profit growth in recent years. With its expansion plans and favorable market dynamics, PEL holds strong potential for continued success in the semiconductor industry.
Polymatech Unlisted Shares Details:
| Total Available Shares: | Not Available |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE0OLN01011 |
| Lot Size: | 100 Shares |
| Current Unlisted Share Price: | ₹ 875 Per Equity Share |
Promoters And Management:
Eswara Rao Nandam (Founder and CEO)- An Alumini of BITS Pilani having 25 years of experience in this field.
Financials of Polymatech
(Fig. In Crs)
| Year | Revenue | Expenses | EBITDA | PAT | EPS |
| 2023 | 649 | 482 | 185 | 166 | 23 |
| 2022 | 126.4 | 86 | 40.4 | 34.8 | 5.35 |
| 2021 | 45.5 | 34.6 | 10.9 | 7 | 0.11 |
| 2020 | 1.7 | 0.6 | 1.1 | -0.3 | 0.01 |
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