Poddar Pigments - 524570

Name of Company	Poddar Pigments
BSE Code	524570
NSE Code
ICICI Code
Established
My Take	So-So
Headquarters	Jaipur
Promoters	S S Poddar
Story	It offers man-made fibres, such as polyester masterbatches comprising single pigment concentrate, tailor made, black, white, and additive masterbatches; polypropylene flame retardent masterbatches and polypropylene antimicrobial master batches; and polyamide antimicrobial masterbatches. The company also manufactures various plastics and packaging products, which include additive masterbatches, such as antiblock agents, antioxidants, antistatic agents, slip agents, metal deactivators, light stabilizers, polymer processing aids, flame retardants, fluorescent whitening agents, antimicrobials, nucleating/ clarify agents, and combined masterbatches; white, black, and custom color masterbatches for the film and packaging industry; injection moulding/blow moulding/roto moulding; masterbatches for pipe extrusion applications; cable masterbatches for jelly filled telecom cables and optical fiber cables; color masterbatches for PET preforms and bottles; and masterbatches for polyester films. In addition, its engineering compounds for various application areas, including day to day consumer products, electrical switches and other electrical components, home appliances, automotives, telecommunication, railways, and national defense. The company offers its products under the Mastercol, Masteradd, and Masterplus name.
Sector	Manufacturing
Sub-sector	Color for man-made fiber and plastics
Website	http://www.poddarpigments.com/
Positives	It is expected that the demand for the company's product will grow manifold with the increased requirements of polyester fibre industry wherein the Company is a major player. Management has bought back shares from market which speaks about bright future for Poddar Pigments. The company has performed consistently well over the last 4-5 years and the same trend is expected to continue going forward. At present prices of 28-30 downside looks minimal. A safe bet altogether for a 2-3 year horizion perspective.
Negatives	Low promoter holding (at 10%). Promoters would not have power to enforce what they want. This also means promoters are having low confidence.
Peers	Pidlite, Nitta Gelatin, Asahi Songwon