Pondy Oxides

By Research Desk
about 8 years ago

 

Pondy Oxides is one of India's leading metallic oxides and plastic additives producers. It has broad based operations, manufacturing of Zinc oxide, Lead sub Oxide, Litharge Red lead and solid and liquid stabilizers of PVC.  These products are used in battery industries and automobile sector. The company has an around 30% market share in the plastics additives segment. For Q1FY17, the company posted a 36% (YoY) rise in net sales at Rs.148 crore on which it earned a net profit of Rs.3 crore, up 10%. EBITDA for the quarter was at Rs.7.5 crore, up 25% though margins were down from 5.5% to 5.07% on account of higher operating costs.

The company demerged 4 of its units in Dec’14 and in the scheme of arrangement during the equity capital of the company stands reduced from earlier Rs.11.15 crore to Rs.5.58 crore. EPS is at Rs.5.57 (face value Rs.10/share). Promoter stake is at 51.51% and neither any FII nor DI hold any stake. Market cap stands at Rs.72 crore.

865.65 (+23.00)