In an interview with ET Now, Ranjit Singh, Whole Time Director & COO, Polyplex Corporation Ltd., talked about his company's internal revenue, profit, EBITDA, EPS guidance and the expansion plans. Excerpts:
What are the current realisations and would there be price hikes? We announced a price increase on 1st of September as well as on 15th of September. Currently our price for a standard 12 micron film is about Rs. 200/kg already, that’s a basic price plus excise duty, so the numbers that you talked about are already there. Is it really a demand push that is leading to this price surge? Yeah. Globally the shortage continues as well as in India, so we expect the shortage to continue as we go forward and we expect the prices also to continue going up. What’s your internal revenue, profit, EBITDA, EPS guidance that you have for FY11, possibly even FY12? We are very confident that we would be able to get a top line number of 2500 crores plus and our EBITDA margins will keep continuing to grow and the kind of performance we will have is definitely going to be something that we will be proud of and our investors are going to benefit from that. The report also speaks about big expansion plans in the pipeline. Would you be adequately funded for the same or would there be any kind of equity fund raising in may be the next couple of quarters? No. As far as we are concerned, in 2002, we were about a $40 million company. From there, today we are $500 million company, so we have had a tremendous growth and that is going to be profitable. Our target is to get to $1 billion, so whatever is required to get to this $1 billion level, so we could go for raising further equity. How we are going to raise it, etc. is still under consideration, so we are not very clear about how we will do it. You just mentioned that you might actually go in for equity dilution. Is there a timeframe? Would it be in the current quarter? Would it be in the next quarter or the next couple of quarters from now and how would your debt equity situation change as a result of that? No, I did not say that we are going for an equity issue, all I said was we could be considering an equity issue because we need to finance our ambitious growth plans. We have got plans of becoming a $1 billion company in about 5-6 years time and obviously it has to be supported both by equity as well as debt and internal accruals. As far as debt equity ratio is concerned, on a global basis, on consolidated basis, we are about 0.5-0.6 levels, so we have got significant debt raising capacity but we will still look at higher equity capitalisation as far as we are concerned, so plans are very early. We are still looking at various options, which are there and we will come back very soon to the market about any announcement once we have decided. -- For Anything related with Stock market be Online at http://www.niftyviews.com/ Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234 FOR TRIAL STOCK/NIFTY/OPTION CALLS You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group. To post to this group, send an email to [email protected] To unsubscribe email [email protected] for more info visit http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB . This is Not a Spam Mail. Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture."
