AR21 notes
- Value added products (20% contribution): Composite IBCs (10%), composite cylinders (6%), MOX films or techpaulin (4%). EBITDA margin stood at 15.9%.
- Hi-tech products: DEF (Urea) Tanks, CNG Cascade, CNG (On Board Application), Composite Air Tanks
- R&D team comprises team of 30
- Has manufacturing facilities at 30 locations across the globe (including 20 within India)
- Present in 11 countries (India, UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Saudi Arabia, Indonesia, Taiwan, and USA)
- Supplying Composite Cylinders to Private LPG Distributors in India and creating more and more awareness in order to penetrate the Indian market
- Macro
o Global plastic industry was estimated at $579.7bn in 2020 and was dominated by the Asia Pacific Region which accounted for over 44.0% of the global revenue in 2020
o During FY2021, India exported plastics worth $9.85mn against $10mn during FY2020, reporting a negative growth of 1.40%
o The Indian packaging market is forecasted to grow at a CAGR of 26.70% between 2021 and 2026 - Total capex incurred 103.5 cr (67 cr. for established products, 36.5 cr. for value added products)
- KMP and director remuneration: 1.64 cr.
- Reduced dividend from 0.95 to 0.7 per share
- Number of employees: 2’423 (no increase in salary of employees or key managerial personnel)
- Statutory auditor fee: 45 lakhs
- Number of shareholders: 37’672, price (low): 23.05, price (high): 64.55
Disclosure: Invested (position size here)