Analyst Meet / AGM - Analyst Meet

03-Jun-2013, 06:07
The company held its Analyst Meet on 22^nd May 2013 and was addressed by key management

Key highlights

• Of the total sales for FY'13, about 59% of total sales came from CPVC and the rest from PVC business.
• During FY'13, the production increased by 27% to 49500 MT.

• As on Mar'13, company has extensive network of more than 400 distributors and more than 13000 dealers across India and has presence across all States of the country.

• During FY'13, company continued to incur its expenditure on brand building and marketing to tape new markets and new customers. This phenomenon will continue in FY'14 as well.

• The installed capacity of the company increased from 65500 MT to 77200 MT in FY'13. During FY'13, of the installed capacity, the utilization rate stood at 64%, as most of the capacity gets added on every last quarter.

• Company incurred a capex of about Rs 52 crore, of which about Rs 25 crore of land acquisition, about Rs 0.50 crore on building and rest on Plant & Machinery. Land at Satlej, Dholka and Hosur; was acquired by the company for future acquisitions.

• The subsidiary Advanced Adhesives reported Rs 12 crore of sales and PAT of Rs 2.40 crore during FY'13.

• The company has a ready capacity, which can result in top line growth of 56% from present level.

• Company has new products such as Bendable, Blazemaster, column pipe that will drive future growth.

• Overall management continues to remain optimistic about the future.

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