Caprihans India is one of the oldest and largest Polyvinyl chloride (PVC) Film manufacturers in India. The company posted a good set of numbers for Q2FY17, mainly on the back of lower costs and tax but a 50% drop in other income ultimately impacted the bottomline. Net profit came in at Rs.2 crore, down from Rs.3 crore (YoY) and this was on a 10% drop in total income at Rs.61 crore.

Total costs were down 11% and this was led by a 16% drop in raw material costs, 12% fall in excise duty outgo, 17% drop in power & fuel costs. EBITDA came in flat at Rs.3 crore though margins showed an improvement from 4.41% to 4.92%.

The company is debt free with cash balance of Rs.7 crore. Equity is at Rs.13.13 crore and annualized EPS is at Rs.9. Pormoters hold a good 71.93% stake.