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ESTER · Materials · 2026-08-07

Ester Industries Ltd

Stage 4 · wk 3In scan: Breakout WatchMARKET: BULL TOPPING · 2026-08-07
₹87.4
-0.74% today
₹911 Cr · Small cap
About this companyMaterials· Commodity Chemicals
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Ester Industries Limited engages in the manufacture and sale of polyester films in India and internationally. The company operates through three segments: Polyester Films (BOPET), Specialty Polymers, and R – PET. The company offers polyester films comprising special chemical coated, metalized high and ultra-high barrier, transparent high barrier, isotropic, heat seal, retort, shrink sleeve, matte, UV stabilized, white opaque, gold, embossable, high clear, high friction, insulation, twist, antistatic, one side matte one side gloss, antifog, antifog sealable peelable, antimony-free, biodegradable, chemical resistance, digital printing, direct UV offset printable polyester, EVA coated, flame retardant, low friction silky matte, low emisivity, milky white, oxo-biodegradable, PVDC coated, post-consumer recycled, pre-primed, release/transfer, retort, sealable peelable, silky matte, straight tear polyethylene terephthalate (PET), thermoformable, velvet touch, and window metalized films, as well as printing, converting, and metallizing films. In addition, the company offers specialty polymers comprising masterbatches; technical yarns; textile grades for textile applications; PET for food and packaging applications; and polyester chips. It serves the food packaging, beverage packaging, home and personal care, industrial packaging, construction, identification and security, automotive, electrical and electronics, appliance, consumer and industrial goods, carpet, and textile industry markets. It also exports its products. The company was incorporated in 1985 and is headquartered in Gurugram, India. Ester Industries Limited is a subsidiary of Wilemina Finance Corporation.

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Earnings Growth (YoY)
+285.7%
Revenue +7.7%
ROE
-3.5%
Profit margin -2.0%
Dividend Yield
0.63%
P/B 1.2
vs 52W High
-27.2%
₹70.7 lo₹120 hi
27.2% below 52W high — ongoing decline
In Stage 4, distance from the 52W high reflects ongoing decline — not a discount. Avoid catching falling knives.
Stage Maturity
Week 3
1w13w26w
Week 3 — early Stage 4 decline
How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure — there's no 'bottom' time to buy.
vs 200 DMA
-9.9%
200 DMA: ₹96.9 · sloping down
In Stage 4, the stock is below its 200 DMA — the hallmark of a downtrend. No long positions warranted until this reverses structurally.
Rel Volume
0.70x
vs 50-day avg
High volume on down days in Stage 4 confirms institutional selling. Low volume bounces are typical — they lack real buyers and should not be mistaken for reversals.
Trend Health
MA20 rolling over · -1.3% vs MA50 -3.2%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
Sector
Materials
↓ Peaking
Stage 2%
33.9%
20d Δ
-4.4pp
1M return
+4.9%
3M return
+1.9%
Sector Stage-2 % · last 20 days
Sector has 135 Stage 2 leaders. See Materials Stage 2 →
Industry
Commodity Chemicals
↓ Peaking
Stage 2%
43.9%
20d Δ
-10.6pp
1M return
+6.4%
3M return
+10.4%
Industry Stage-2 % · last 20 days
Industry has 29 Stage 2 leaders. See Commodity Chemicals Stage 2 →
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-15 → 2026-08-07
S4 26w
S2 14w
S2 16w
S4 29w
2023-05-152026-08-07
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 9w → S4 26w → S1 11w → S4 3w → S3 1w → S2 14w → S3 1w → S2 16w → S3 3w → S2 7w → S3 5w → S4 11w → S1 8w → S4 12w → S1 4w → S4 29w → S1 4w → S4 3w current
Total tracked: 168 weeks across 18 stage runs.
1M
-2.4%
3M
-14.9%
6M
-8.7%
YTD
-16.5%
1Y
-28.9%
Scan Membership
Breakout Watch
Latest: 2024-12-26
3 appearances in last 60 days. First seen: 2024-04-26.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-08-07S4
Wk 3 · Vol x
2026-08-06S4
Wk 3 · Vol x
2026-08-05S4
Wk 3 · Vol x
2026-08-04S4
Wk 3 · Vol x
2026-08-03S4
Wk 3 · Vol x
2026-07-31S4
Wk 2 · Vol x
2026-07-30S4
Wk 2 · Vol x
2026-07-29S4
Wk 2 · Vol x
2026-07-28S4
Wk 2 · Vol x
2026-07-27S4
Wk 2 · Vol x
2026-07-24S4
Wk 1 · Vol x
2026-07-23S4
Wk 1 · Vol x
Sector Peers — Stage 2All →
GULFPETRO
wk 7 · 0.0% from hi
9.4
APCOTEXIND
wk 13 · -9.8% from hi
9.4
ASAHISONG
wk 6 · -7.4% from hi
9.0
LLOYDSME
wk 15 · 0.0% from hi
8.9
GANESHBE
wk 13 · -3.6% from hi
8.9
Moving averages & range
50 DMA
₹89.8
200 DMA
₹96.9
52W High
₹120
52W Low
₹70.7
5D Low
₹86.7
Resistance levels (recent highs)
20d High
₹90.9
60d High
₹99.3
120d High
₹108
250d High
₹120
Next resistance
+4.1%
to 20d High

All analytics based on EOD data. Data as of 2026-08-07. Past data patterns are not indicative of future results. This page is a data analytics tool only.