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Plastiblends India Limited
Sector:Others Others - Miscella - Others
BSE:523648NSE:PLASTIBLENBloomberg:PBL@INReuters:PLST.BO
Market Lot: 1Face Value: 5ISIN Demat: INE083C01022
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20-Jul-2016
Business Profile
Plastiblends India (PLASTIBL), incorporated on Jan. 22, 1991, is engaged in the manufacture of master batches, compounds, blends, alloys, and other products for the plastics industry. It is part of the Kolsite group, a leader in the manufacture of extrusion plants and master batches in the Indian plastics industry. Kabra Extrusiontechnik and Maharashtra Plastic & Industries are other group companies.

The ISO 9001:2000 certified company produces over 500 products constituting the range of white, black, color, additive master batches and polywhites. Over 250 standard colors are offered suitable for all major processing methods and compatible with polyolefins like polyethylene and polypropylene, high-impact polystyrene, acrylonitrile butadiene styrene and other materials. The manufacturing units are located at Daman in the Union Territory of Daman & Diu and at Roorkee in Uttar Pradesh with a total installed capacity of 40,000 MTPA master batches.

The Plastics Export Promotion Council awarded the company a certificate as the largest exporter of master batches from India for the financial years 2003-2004, 2004-2005 and 2005-2006. Major customers include polymer manufacturers like Reliance, IPCL, GAIL and polymer processors including Supreme Industries, Cosmo Films and Garware Polyesters.

The registered office is located at 31, Shah Industrial Estate, Kolsite House, Off Veera Desai Road, Andheri (W), Mumbai-400053.


Financials
The company disclosed fall of 20.22% in standalone net profit on y-o-y basis to Rs 84.14 million, while total income rose 11.24% y-o-y basis to Rs 1.43 billion for the quarter ended June 2016.

In Brief

 
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