N Krishnamoorthy, is the executive director (commercial)of the Company. He has been associated with the company since 1993. He holds a bachelor’s degree in engineering (electrical and electronics) from Madurai Kamaraj University and holds a master's degree in business administration from Anna University. He has approximately 37 years of work experience and was previously associated with Reliance IndustriesLimited and Southern Petrochemical Industries Corporation Limited. During the Financial Year 2021, he was paid a gross salary of ₹8.32million. Dr. Krishna Kumar Rangachari, is the executive director (business operations)of the custom manufacturing plant at Berigai Facility. He has been associated with the Company since March 2021. He holds a bachelor’s degree in engineering (honors) in the chemical branch from the Birla Institute of Technology and Science, Pilani. He also holds a masters’ degree in science and a degree in doctor of philosophy from North Carolina State University, USA. He has approximately 30 years of work experience and was previously associated with Cabot Sanmar Limited and Rayonier Performance Fibres Division, USA, and has exposure to managing global teams and managing global customer relationships. During the Financial Year 2021, he was paid a gross salary of ₹1.70 million. S Sayi Subramaniyan, is the Senior Vice President (strategic sourcing)of CCVL. He has been associated with the Company since 2010. He holds a bachelor’s degree in technology (chemical engineering)from Nagpur University. He has approximately 32 years of work experience and was previously associated with Dalmia Cement (Bharat) Limited and Shasun Chemicals & Drugs Limited. During the Financial Year 2021, he was paid a gross salary of ₹4.43million. S Gajendiran, is the Executive Vice President (operations)of our Company is the location head of the Mettur Facility. He has been associated with the Company since 2005. He holds a bachelor’s degree in technology (chemical engineering) from Bharathiar University, and a diploma from the Great LakesInstitute of Management, Chennai. He has approximately 30 years of work experience and was previously associated with Thirumalai Chemicals Limited, SIP Resins Limited, and SIPIndustries Limited. During the Financial Year 2021, he was paid a gross salary of ₹4.51million.

Particulars (Millions)	Mar 21	Mar 20	Mar 19
Revenue	37,987	12,576	12,543
Cost of material consumed	20,657	4,365	4,081
Purchase of traded goods	310
Change in inventories	262	-151	-80
Employee Benefit Expenses	1,135	828	777
Other Expenses	6,005	4,411	4,553
Operating Profit	9,618	3,123	3,212
OPM %	25.32%	24.83%	25.61%
Other Income	163	78	124
Depreciation & Amortisations	1,309	873	563
Financial Cost	4,333	954	482
Profit Before Tax	5,471	717	1,933
Tax Expenses	1,368	341	749
Profit After Tax	4,102	461	1184
NPM%	10.80%	3.67%	9.44%
EPS	30.6	2.04	4.53

 

 

Companies	EPS	PE Ratio	RONW (%)	NAV	Face Value	Total Income (₹ in Lakhs)
PI Industries Limited	49	58	13	351	1	47,019
SRF Limited	305	24	17	1,157	10	84,546
Chemplast	30	20	NA	-139	5	3,81,510

 

Review and Recommendation of Chemplast IPO from InvestorZone is 4/10. (i) The largest manufacturer of specialty paste PVC resins in India in terms of installed production capacity. (ii) 3rd largest manufacturer of caustic soda and the largest manufacturer of hydrogen peroxide in South India. (iii) A part of the SHL Chemicals Group, one of the most prominent corporate groups in South India. (iv) Financials are not enticing as they have negative net-worth in FY21. (v) Valuations looks attractive as compared to peers

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