Poddar Pigments (PPL) is a pioneer in India for fiber-grade
Masterbatches. The company has a unique distinction of being the first
company in India to manufacture Masterbatches for dope dyeing of
Polypropylene, Nylon & Polyester Multifilament Yarn/ Fibers.
The company manufactures color & additive Masterbatches for the dope dyeing of man-made fibres (MMF), various plastic applications and engineering plastics & compounds. These are essential products required for textile and plastic products.
The co. has poste little below estimate result , but not bad. Co. has posted sales of 318.27 cr. against 313.31 previous year and net profit of 16.31 against 13.46. EPS stood 15.37 vs 12.70. All major co. showing result decline, in this scenario some of co. showing little growth is good sign for the business. Once the economy revive midcap and small cap co. will do better.
The company manufactures color & additive Masterbatches for the dope dyeing of man-made fibres (MMF), various plastic applications and engineering plastics & compounds. These are essential products required for textile and plastic products.
The co. has poste little below estimate result , but not bad. Co. has posted sales of 318.27 cr. against 313.31 previous year and net profit of 16.31 against 13.46. EPS stood 15.37 vs 12.70. All major co. showing result decline, in this scenario some of co. showing little growth is good sign for the business. Once the economy revive midcap and small cap co. will do better.
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