Polyplex Corporation Ltd.
BSE: 524051 |
Sector: Industrials |
NSE: POLYPLEX |
ISIN Code: INE633B01018 |
BSE
00:00 | 31 Jan
|
1528.25
|
23.75 (1.58%)
|
OPEN
1500.05
|
HIGH
1547.25
|
LOW
1500.05
|
NSE
00:00 | 31 Jan
|
1525.20
|
20.60 (1.37%)
|
OPEN
1501.00
|
HIGH
1548.00
|
LOW
1501.00
|
OPEN |
1500.05 |
PREVIOUS CLOSE |
1504.50 |
VOLUME |
264547 |
52-Week high |
2870.00 |
52-Week low |
1463.30 |
P/E |
10.92 |
Mkt Cap.(Rs cr) |
4,797 |
Buy Price |
0.00 |
Buy Qty |
0.00 |
Sell Price |
0.00 |
Sell Qty |
0.00 |
OPEN |
1501.00 |
PREVIOUS CLOSE |
1504.60 |
VOLUME |
81353 |
52-Week high |
2870.20 |
52-Week low |
1462.00 |
P/E |
10.92 |
Mkt Cap.(Rs cr) |
4,797 |
Buy Price |
1525.20 |
Buy Qty |
179.00 |
Sell Price |
0.00 |
Sell Qty |
0.00 |
OPEN |
1500.05 |
CLOSE |
1504.50 |
VOLUME |
264547 |
52-Week high |
2870.00 |
52-Week low |
1463.30 |
P/E |
10.92 |
Mkt Cap.(Rs cr) |
4,797 |
Buy Price |
0.00 |
Buy Qty |
0.00 |
Sell Price |
0.00 |
Sell Qty |
0.00 |
OPEN |
1501.00 |
PREVIOUS CLOSE |
1504.60 |
VOLUME |
81353 |
52-Week high |
2870.20 |
52-Week low |
1462.00 |
P/E |
10.92 |
Mkt Cap.(Rs cr) |
4797.18 |
Buy Price |
1525.20 |
Buy Qty |
179.00 |
Sell Price |
0.00 |
Sell Qty |
0.00 |
Polyplex Corporation Ltd. (POLYPLEX) - Chairman Speech
Company chairman speech
Dear Valued Shareholders The year gone by was undoubtedly an exceptional one with the Covid-19 pandemicaffecting normal life for extended periods across the globe. At Polyplex it became ourresponsibility and highest priority to ensure the health of our employees while securingour business operations. Despite the various challenges posed by this event includingglobal supply chain disruptions the Company managed to deliver much improved results. The reported sales and other income were up 9% at H 49.77 billion fueled by 12% highersales volume and partly offset by decline in selling prices induced by lower raw materialprices. The Normalized EBITDA (profit before interest tax depreciation and exceptionalitems adjusted for unrealized FX gains/ losses on long term loans) was higher by 35% at H12.70 billion. Higher cash flows from operations and a strong & liquid balance sheetwith negative leverage (net cash positive) provide financial flexibility to access growthopportunities. The year under review also saw multiple dividend payouts as well as abuyback as the Company sought to deploy its surplus liquidity equitably. The impending start-up of the BOPP film line in Indonesia will contribute to futureearnings growth besides consolidating our global leadership in the flexible packagingsegment. The new brownfield BOPET film line investment in the USA will help pave the wayfor Polyplex to consolidate and strengthen its position in North America. Several ongoingsmaller investments aimed at increasing our competitive edge with increasing share ofspecialty products and improving our productivity will provide further stimulus to ouroperations in the next 1-2 years. The Companys geographically diversified manufacturing and distributionoperations along with its broad-based product portfolio with an increasing share ofspecialty products has proven yet again to be one of its greatest assets which has notonly helped us navigate these difficult times including supply chain disruptions andincreasing preference for domestically sourced material but also enabled the Company tocapitalize on the right opportunities. Innovation has been one of our key strengths and differentiators. We have been focusingon the sustainability and circular economy for a long time and ahead of any regulatorydevelopments. The expansion underway at Ecoblue for recycling post-consumer PET andPolyolefin waste and the investments in chemical recycling capability at Turkey andThailand demonstrate the Companys continued commitment to Sustainability &Innovation besides growth. On behalf of the Board we would like to thank all the shareholders and otherstakeholders including business partners and the employees of the Company for theircontinued support and efforts. Pranay Kothari Chief Executive Officer Sanjiv Saraf Chairman
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